CACI Wins Fourth Edison Award for CrossBeam, an American-made Optical Communications Terminal

CACI Wins Fourth Edison Award for CrossBeam, an American-made Optical Communications Terminal

RESTON, Va.–(BUSINESS WIRE)–
CACI International Inc (NYSE: CACI) announced today that it has been awarded a prestigious bronze Edison Award™ for CrossBeam®, the first and only American-made, Space Development Agency-compliant optical communications terminal (OCT) that provides the U.S. government with reliable data communications for long-distance crosslink applications, from space to the warfighter and back.

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Our award-winning innovations are also a direct result of our foresight to invest ahead of customer need by dedicating resources to emerging, cutting-edge capabilities that pioneer how we protect our nation’s assets and interests from ground to sea to space.

Our award-winning innovations are also a direct result of our foresight to invest ahead of customer need by dedicating resources to emerging, cutting-edge capabilities that pioneer how we protect our nation’s assets and interests from ground to sea to space.

“It is an incredible honor to receive our fourth Edison Award for our groundbreaking OCT technology,” said CACI President and Chief Executive Officer John Mengucci. “We are leaders at rapidly prototyping and leveraging commercial practices to iterate software-defined developments, enhancements, and deployments in real time. Our award-winning innovations are also a direct result of our foresight to invest ahead of customer need by dedicating resources to emerging, cutting-edge capabilities that pioneer how we protect our nation’s assets and interests from ground to sea to space.”

CrossBeam remains unrivaled as the only American SDA-class OCT proven to perform in the most challenging space environments across multiple orbits to and from the final frontier.

The Edison Awards honor the world’s highest-level innovations, products, services, and business leaders. The awards are operated by the Edison Universe, a nonprofit that recognizes, honors, and fosters innovations and innovators, and are among the most highly regarded and prestigious recognition honoring exemplary technology and innovation.

About CACI

At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers’ greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World’s Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at www.caci.com.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

CACI-Company-News-Business Wire

Corporate Communications and Media:

Lorraine Corcoran

Executive Vice President, Corporate Communications

(703) 434-4165, [email protected]

Investor Relations:

George Price

Senior Vice President, Investor Relations

(703) 841-7818, [email protected]

KEYWORDS: United States North America District of Columbia Virginia

INDUSTRY KEYWORDS: Software Networks Other Defense Contracts Hardware Data Management Technology Defense Security Aerospace Other Technology Manufacturing

MEDIA:

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Tarsus to Present Several Scientific Abstracts Highlighting the Global Prevalence of Demodex Blepharitis and the Clinical Impact of XDEMVY at the American Society of Cataract and Refractive Surgery (ASCRS) 2025 Annual Meeting

IRVINE, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) will present four distinct data sets highlighting the global prevalence and real-world patient burden of Demodex blepharitis, as well as the impact of XDEMVY® (lotilaner ophthalmic solution) 0.25% in addressing objective measures of disease at the American Society of Cataract and Refractive Surgery (ASCRS) 2025 Annual Meeting, taking place April 25-28, 2025, in Los Angeles, Calif.

“From new prevalence data in Japan to real-world results in the US, the findings accepted for oral presentation at ASCRS reinforce the global burden of Demodex blepharitis and the potential of XDEMVY to deliver significant improvements in patient outcomes across multiple subtypes, including those with concomitant meibomian gland disease,” said Elizabeth Yeu, M.D., Chief Medical Officer of Tarsus. “We look forward to continuing to generate new evidence to advance the clinical understanding of XDEMVY and its potential impact on this highly prevalent eyelid disease and on the lives of patients.”

Accepted abstracts include:


Longitudinal Evaluation of Disease Burden and Treatment Efficacy in Patients with

Demodex

blepharitis: Orion Registry Interim Results


Date: Sunday, April 27, 2025, 10:42 – 10:47 a.m. PT

Location: Los Angeles Convention Center (LACC) – Level 2, 512

Presenter: Kendall E. Donaldson, M.D., M.S., ABO

A real-world, multi-center study characterizing the burden of Demodex blepharitis, the current disease management landscape and key changes in patient outcomes after initiation of treatment with XDEMVY.


Assessment of the

Demodex

Blepharitis Specific Symptoms: The Janus Study


Date: Monday, April 28, 2025, 8:00 – 8:05 a.m. PT

Location: LACC – Level 2, 506

Presenter: Nicole R. Fram, M.D., ABO

A prospective, observational study that compared symptoms and clinical outcomes in patients with Demodex blepharitis to patients without Demodex blepharitis.


Lotilaner Ophthalmic Solution, 0.25% for the Treatment of

Demodex

blepharitis Patients with Meibomian Gland Dysfunction


Date: Monday, April 28, 2025, 8:33 – 8:38 a.m. PT

Location: LACC – Level 2, 506

Presenter: Mitchell C. Schultz, M.D., ABO

Two pooled studies that evaluated the safety and efficacy of XDEMVY in patients with Demodex blepharitis and Meibomian Gland Disease.


Prevalence of

Demodex

blepharitis in Japan: The Elara Study


Date: Monday, April 28, 2025, 10:30 – 10:35 a.m. PT

Location: LACC – Level 2, 504

Presenter: Shizuka Koh, M.D., Ph.D.

An observational, multicenter study highlighting the prevalence and symptomatology of Demodex blepharitis in Japan.

About

Demodex

Blepharitis

Blepharitis is a common lid margin disease that is characterized by eyelid margin inflammation, redness and ocular irritation. Demodex blepharitis is caused by an infestation of Demodex mites, the most common ectoparasite found on humans, and accounts for over two-thirds of all blepharitis cases. Demodex blepharitis may affect as many as 25 million Americans based on an extrapolation from the Titan study indicating 58% of patients presenting to U.S. eye care clinics have collarettes, a pathognomonic sign of Demodex mite infestation, and that at least 45 million people annually visit an eye care clinic. Demodex blepharitis can have a significant clinical burden and negative impact on patients’ daily lives.

About XDEMVY

®


XDEMVY (lotilaner ophthalmic solution) 0.25%, formerly known as TP-03, is a novel prescription eye drop designed to treat Demodex blepharitis by targeting and eradicating the root cause of the disease – Demodex mite infestation. XDEMVY was evaluated in two pivotal trials collectively involving more than 800 patients. Both trials met the primary endpoint and all secondary endpoints, with statistical significance and no serious treatment-related adverse events. Most patients found the XDEMVY eye drop to be neutral to very comfortable. The most common ocular adverse reactions observed in the studies were instillation site stinging and burning which was reported in 10% of patients. Other ocular adverse reactions reported by less than 2% of patients were chalazion/hordeolum (stye) and punctate keratitis.

XDEMVY Indication and Important Safety Information

Indications and Usage

XDEMVY (lotilaner ophthalmic solution) 0.25% is indicated for the treatment of Demodex blepharitis.

Important Safety Information

Most common side effects: The most common side effect in clinical trials was stinging and burning in 10% of patients. Other side effects in less than 2% of patients were chalazion/hordeolum and punctate keratitis.

Handling the Container: Avoid allowing the tip of the dispensing container to contact the eye, surrounding structures, fingers, or any other surface in order to minimize contamination of the solution. Serious damage to the eye and subsequent loss of vision may result from using contaminated solutions.

When to Seek Physician Advice: Immediately seek a physician’s advice concerning the continued use of XDEMVY if you develop an intercurrent ocular condition (e.g., trauma or infection), have ocular surgery, or develop any ocular reactions, particularly conjunctivitis and eyelid reactions.

Use with Contact Lenses: XDEMVY contains potassium sorbate, which may discolor soft contact lenses. Contact lenses should be removed prior to instillation of XDEMVY and may be reinserted 15 minutes following its administration.

To report SUSPECTED ADVERSE REACTIONS, contact Tarsus Pharmaceuticals at 1-888-421-4002 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

For additional information please see Full Prescribing Information available at: www.xdemvy.com.

About Tarsus Pharmaceuticals, Inc.

Tarsus Pharmaceuticals, Inc. applies proven science and new technology to revolutionize treatment for patients, starting with eye care. Tarsus is advancing its pipeline to address several diseases with high unmet need across a range of therapeutic categories, including eye care and infectious disease prevention. XDEMVY™ (lotilaner ophthalmic solution) 0.25%, is FDA approved in the United States for the treatment of Demodex blepharitis. Tarsus is also developing TP-04 for the potential treatment of Ocular Rosacea and TP-05 as an oral tablet for the potential prevention of Lyme disease.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” These statements include statements regarding the timing, content, location, and presenters of scientific abstracts at an upcoming medical conference, our ability to continue to educate the market and generate data about Demodex blepharitis, the potential market size of Demodex blepharitis globally, and the quotations of Tarsus’ management. The words, without limitation, “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Further, there are other risks and uncertainties that could cause actual results to differ from those set forth in the forward-looking statement and they are detailed from time to time in the reports Tarsus files with the Securities and Exchange Commission, including Tarsus’ Form 10-K for the year ended December 31, 2024, filed on February 25, 2025, with the SEC, copies of which are posted on its website and are available from Tarsus without charge. However, new risk factors and uncertainties may emerge from time to time, and it is not possible to predict all risk factors and uncertainties. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements contained in this press release are based on the current expectations of Tarsus’ management team and speak only as of the date hereof, and Tarsus specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts:

Media Contact:

Adrienne Kemp
Sr. Director, Corporate Communications
(949) 922-0801
[email protected]

Investor Contact:

David Nakasone
Head of Investor Relations
(949) 620-3223
[email protected]



MetaVia Reports Additional Positive Top-Line Results From the MAD Part 2 of Its Phase 1 Study of DA-1726, a Novel 3:1 Ratio GLP-1 and Glucagon Dual Receptor Agonist to Treat Obesity, Further Demonstrating Its Best-In-Class Potential

PR Newswire

A Dose-Dependent Response in Body Weight Reduction Was Observed Between 8 mg and 32 mg Doses

Change in BMI and
Body Weight
Adjusted for Height In the Treatment Groups, Showed a Significant Difference Compared to Placebo, Indicating Potentially Greater Efficacy with Increasing Dosage and Longer Duration of Use

No Drug-Induced Cardiovascular Effects Were Observed In Heart Rate or QTcF Measurements of Subjects Receiving up to 32 mg of DA-1726 at 4-Weeks

Additional Cohorts Being Added to Determine Maximum Tolerated Dose


CAMBRIDGE, Mass.
, April 22, 2025 /PRNewswire/ — MetaVia Inc. (Nasdaq: MTVA), a clinical-stage biotechnology company focused on transforming cardiometabolic diseases, today reported additional top-line results from the multiple ascending dose (MAD) Part 2 of its Phase 1 clinical trial of DA-1726, a novel, dual oxyntomodulin (OXM) analog agonist that functions as a glucagon-like peptide-1 receptor (GLP1R) and glucagon receptor (GCGR), further demonstrating its potential as a best-in-class obesity drug.

In the 28-day, 36-subject MAD portion of the study, a clear dose-responsive trend in body weight (BW) reduction was observed across the 8 mg to 32 mg range, indicating potentially greater efficacy at higher doses and longer duration of use. Additionally, body mass index (BMI), which shows body weight adjusted for height, showed a difference between the treatment group and the placebo (PBO) group, which was even more pronounced, further supporting the dose-dependent effect of the drug on weight-related outcomes. Of note, DA-1726 did not show any clinically significant increases in heart rate (HR) or QTcF changes up to 32 mg at 4 weeks of administration.

As previously reported, with no titration, DA-1726, with its novel 3:1 ratio between GLP-1R and GCGR at the 32 mg dose, demonstrated compelling maximum weight loss of -6.3% and mean weight loss of -4.3% at Day 26 (p=0.0005), while showing a strong signal of GLP-1R efficacy with maximum lowering of fasted glucose of -18 mg/dL and mean lowering of -5.3 mg/dL at Day 26, and maximum waist circumference reduction of 3.9 inches and mean reduction of 1.6 inches, indicating a strong signal of glucagon efficacy at Day 33.

“This new, additional Phase 1 MAD data further highlights DA-1726’s potential to be a best-in-class obesity treatment, showing impressive weight loss results, particularly in terms of BMI reduction,” stated Hyung Heon Kim, President and Chief Executive Officer of MetaVia. “Specifically, there was a clear dose-dependent effect on body weight loss between 8 mg and 32 mg, with higher doses leading to greater weight reduction. BMI change from baseline showed the difference between the drug group and the placebo group was even more noticeable. Based on the robust safety and tolerability profile of DA-1726, we believe that 32 mg will likely be the starting dose for future clinical trials.”

Mr. Kim continued, “Additionally, activation of either the GLP-1 or glucagon receptors is known to increase heart rate. As a result, dual agonists that simultaneously activate both receptors may raise concerns about excessive heart rate elevation and potential QT interval prolongation. For example, at least one similar dual agonist in clinical trials was discontinued due to an increase in heart rate and other safety concerns. In contrast, the mean heart rate of subjects on DA-1726 showed a slight decrease from baseline in all treatment groups other than the 16 mg cohort where the baseline was significantly lower than other cohorts; the mean decrease after 4 weeks was -14 to -0.7 beats per min (bpm) in the DA-1726 cohorts (4, 8 or 32 mg once weekly) while there was an increase of 7.7 bpm for DA-1726 16 mg cohort. There were no onsets reported in the QTcF (QT interval corrected for heart rate using the method of Fridericia) interval categories >480–500 msec or >500 msec and no risk of cardiovascular events was identified.”

Heart Rate (bpm)

Baseline

N

Baseline

Day 8

Day 15

Day 22

Day 29

Mean HR

change

4 mg

6

82.8

-15.7

-17.2

-9.7

-13.2

-14.0

8 mg

6

77.7

-4.0

-6.0

-5.4

-6.0

-5.4

16 mg

6

58.8

6.0

9.5

7.7

7.5

7.7

32 mg

6

70.7

0.2

-3.5

1.7

-1.3

-0.7

Pooled Placebo

12

67.6

-3.0

-4.0

-4.4

0.7

-2.7

Management also noted that DA-1726’s 3:1 balanced activation of GLP-1 and glucagon receptors offers a promising alternative to current GLP-1 agonists, addressing the significant tolerability challenges that lead to 20–30% discontinuation within the first month and up to 70% within a year. As previously reported, a Phase 1 Part 3 study is planned to evaluate DA-1726 patients who discontinued Wegovy® early, aiming to demonstrate improved tolerability, safety, and weight loss outcomes. Additionally, higher-dose cohorts will be included to assess the maximum tolerated dose and fully realize DA-1726’s potential as higher doses may also show a similar profile, while potentially demonstrating increased weight reduction.

The Phase 1 trial was a randomized, double-blind, placebo-controlled study to investigate the safety, tolerability, pharmacokinetics (PK), and pharmacodynamics (PD) of single and multiple ascending doses of DA-1726 in obese, otherwise healthy subjects. The MAD portion of the study enrolled healthy adults with a minimum body mass index between BMI 30 – 45 kg/m2. The primary endpoint of the Phase 1 trial was to assess the safety and tolerability of DA-1726 by monitoring adverse events (AEs), serious adverse events (SAEs), treatment emergent adverse events (TEAEs) and AEs leading to treatment discontinuation. Secondary endpoints included the PK of DA-1726, assessed via serum concentrations over time and metabolite profiling at the highest doses of DA-1726. Exploratory endpoints included the effect of DA-1726 on metabolic parameters, cardiac parameters, fasting lipid levels, body weight, waist circumference and body mass index (BMI), among others.

As previously disclosed, in the 28-day, 36-subject MAD portion of the study, DA-1726 demonstrated excellent safety and tolerability, with positive clinical activity. Four out of six subjects on the 32 mg dose experienced mild gastrointestinal (GI) AEs after the first 32 mg dose, most of which were resolved after 24 hours of occurrence. There were no treatment-related discontinuations or SAEs. Early satiety was observed in 83% of subjects receiving the 32 mg dose, suggesting the potential for greater weight loss with longer treatment duration.

Mr. Kim concluded, “After our initial top-line data was announced pre-market on April 15, 2025, the Company’s previously issued and outstanding pre-funded warrants were exercised for 1,430,000 shares of the Company’s common stock — leaving no pre-funded warrants outstanding. We continue to believe that the body of data for DA-1726 provides a compelling case for its future potential as a treatment for obesity.”

For more information on this clinical trial, please visit: www.clinicaltrials.gov NCT06252220.

About DA-1726
DA-1726 is a novel oxyntomodulin (OXM) analogue functioning as a GLP1R/GCGR dual agonist for the treatment of obesity and Metabolic Dysfunction-Associated Steatohepatitis (MASH) that is to be administered once weekly subcutaneously. DA-1726 acts as a dual agonist of GLP-1 receptors (GLP1R) and glucagon receptors (GCGR), leading to weight loss through reduced appetite and increased energy expenditure. DA-1726 has a well understood mechanism and, in pre-clinical mice models, resulted in improved weight loss compared to semaglutide (Wegovy®) and cotadutide (another OXM analogue). Additionally, in pre-clinical mouse models, DA-1726 elicited similar weight reduction, while consuming more food, compared tirzepatide (Zepbound®) and survodutide (a drug with the same MOA), while also preserving lean body mass and demonstrating improved lipid-lowering effects compared to survodutide.

About MetaVia
MetaVia Inc. is a clinical-stage biotechnology company focused on transforming cardiometabolic diseases. The company is currently developing DA-1726 for the treatment of obesity and is developing DA-1241 for the treatment of Metabolic Dysfunction-Associated Steatohepatitis (MASH). DA-1726 is a novel oxyntomodulin (OXM) analogue that functions as a glucagon-like peptide-1 receptor (GLP1R) and glucagon receptor (GCGR) dual agonist. OXM is a naturally-occurring gut hormone that activates GLP1R and GCGR, thereby decreasing food intake while increasing energy expenditure, thus potentially resulting in superior body weight loss compared to selective GLP1R agonists. DA-1241 is a novel G-protein-coupled receptor 119 (GPR119) agonist that promotes the release of key gut peptides GLP-1, GIP, and PYY. In pre-clinical studies, DA-1241 demonstrated a positive effect on liver inflammation, lipid metabolism, weight loss, and glucose metabolism, reducing hepatic steatosis, hepatic inflammation, and liver fibrosis, while also improving glucose control. In a Phase 2a clinical study, DA-1241 demonstrated direct hepatic action in addition to its glucose lowering effects.

For more information, please visit www.metaviatx.com.

Forward Looking Statements
Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believes”, “expects”, “anticipates”, “may”, “will”, “should”, “seeks”, “approximately”, “potential”, “intends”, “projects”, “plans”, “estimates” or the negative of these words or other comparable terminology (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, without limitation, those risks associated with MetaVia’s ability to execute on its commercial strategy; our expectations regarding the sufficiency of our existing cash on hand to fund our operations; the timeline for regulatory submissions; the ability to obtain regulatory approval through the development steps of MetaVia’s current and future product candidates; the ability to realize the benefits of the license agreement with Dong-A ST Co. Ltd., including the impact on future financial and operating results of MetaVia; the cooperation of MetaVia’s contract manufacturers, clinical study partners and others involved in the development of MetaVia’s current and future product candidates; potential negative interactions between MetaVia’s product candidates and any other products with which they are combined for treatment; MetaVia’s ability to initiate and complete clinical trials on a timely basis; MetaVia’s ability to recruit subjects for its clinical trials; whether MetaVia receives results from MetaVia’s clinical trials that are consistent with the results of pre-clinical and previous clinical trials; impact of costs related to the license agreement, known and unknown, including costs of any litigation or regulatory actions relating to the license agreement; the effects of changes in applicable laws or regulations; the effects of changes to MetaVia’s stock price on the terms of the license agreement and any future fundraising; and other risks and uncertainties described in MetaVia’s filings with the Securities and Exchange Commission, including MetaVia’s most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date when made. MetaVia does not assume any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

MetaVia

Marshall H. Woodworth

Chief Financial Officer
+1-857-299-1033
[email protected]


Rx Communications Group


Michael Miller

+1-917-633-6086
[email protected]

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SOURCE MetaVia Inc.

GlobalFoundries Accelerates GHG Reductions Commitments with Near Term Science-Based Target

To further align with industry sustainability goals, GF will accelerate commitment to reduce GHG emissions 42% by 2030 and seek SBTi validation

MALTA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) — GlobalFoundries (Nasdaq: GFS) (GF) today announced it will accelerate its near-term greenhouse gas (GHG) emission reduction goals, enhancing the company’s commitment to sustainable operations and further supporting the sustainability leadership of partners including Apple and Infineon Technologies AG. GF’s revised targets will be set in line with Science Based Target Initiative (SBTi) standards.

GF is updating its Journey to Zero Carbon pledge with the accelerated commitment to reduce total GHG emissions by 42% from 2021 to 2030, up from the previous target of 25%, even as the company continues to expand its global semiconductor manufacturing capacity. GF is on track to meet this more ambitious 42% reduction goal, which will be accomplished through a comprehensive mix of energy efficiency improvements, state-of-the-art emissions controls, expanded use of alternative chemistries, and use of lower-carbon power across its fabs in the U.S., Germany and Singapore.

As part of this pledge, GF has committed to set its GHG emission reduction target in alignment with SBTi, widely considered the gold standard for science-based carbon reduction targets.

“Addressing today’s sustainability challenges is no small task, and GF has a strong track record of advancing responsible manufacturing and helping our customers achieve their sustainability goals,” said Niels Anderskouv, chief business officer and incoming president and chief operating officer at GF. “The essential chips we manufacture are in countless technologies and devices around the world. Our commitment to SBTi, and its vigilant framework for meaningful greenhouse gas emissions reductions, is both the right thing to do and another way for GF to be an environmentally responsible partner to our customers and communities.”

In partnering with Apple, GF is enhancing the sustainability of its semiconductor manufacturing operations and further reducing fluorinated GHG emissions, which have global warming potential thousands of times greater than that of CO2. GF has also been partnering with Infineon to set and meet more ambitious GHG reduction targets, in alignment with Infineon’s SBTi plans to address climate change across its entire value chain.

As GF works with SBTi on its near-term GHG emission reduction target, the company remains committed to its previously stated goals of achieving net-zero GHG emissions and 100% carbon-neutral power by 2050. Net-zero is a widely recognized global objective aimed at reducing emissions and supporting long-term environmental sustainability.

Read more about sustainability at GF: https://gf.com/about-us/corporate-responsibility

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented global team delivers results with an unyielding focus on security, longevity, and sustainability. For more information, visit www.gf.com.

©GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Forward-looking Information

This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.

Media Contact:

Michael Mullaney
[email protected]



Banzai Announces Exercise of 1,048,920 Warrants Purchased at $3.89 Each

SEATTLE, April 22, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has issued 1,048,920 shares of common stock to Alco Investment Company (“Alco”), pursuant to an exercise notice for Pre-Funded Warrants received on September 20, 2024 for a purchase price of $3.89.

On September 20, 2024, the Company completed a private placement of securities pursuant to which Alco acquired 282,420 shares of Class A Common Stock for a purchase price of $3.89 per share, Pre-Funded Warrants to purchase up to 1,048,920 shares of Class A Common Stock with an exercise price of $0.0001 per share for a purchase price of $3.89 per Pre-Funded Warrant, and Common Warrants to purchase up to 1,331,340 shares of Class A Common Stock with an exercise price of $4.02 per share. Alco has not sold any shares issued under the private placement.

All Pre-Funded Warrants were net exercised on a cashless basis, resulting in a total number of Class A common shares outstanding of 14,470,727 as of April 21, 2025. Following the exercise, Alco will own 9.5% of the Company’s Class A Common Stock.

“The exercising of these warrants, which originally carried a significant premium to market price, is a highly positive vote of confidence from Alco, one of our key investors and company insiders,” said Joe Davy, Founder and CEO of Banzai. “We are continuing to strengthen our capital structure, and we appreciate the support of our stakeholders who demonstrate their belief in our strategy as we work to achieve long-term success.”

About Banzai

Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai’s product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

Investor Relations

Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
[email protected]
www.mzgroup.us

Media

Rachel Meyrowitz
Director, Demand Generation, Banzai
[email protected]



Reborn Coffee and Las Vegas Otonomus Hotel Sign MOU to Launch AI-Driven Hospitality Experience

Partnership to Feature Autonomous Drive-Thru with AI Technology and In-Suite Premium Coffee Integration

BREA, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, today announced that it has entered into a Memorandum of Understanding (“MOU”) with Otonomus Hotel, marking a groundbreaking collaboration to reimagine the future of hospitality and retail coffee service.

The strategic partnership will bring together Reborn Coffee’s specialty coffee expertise with Otonomus Hotel’s pioneering AI-powered hospitality vision. At the heart of the collaboration is the co-development of a next-generation autonomous drive-thru coffee experience utilizing cutting-edge AI technology — an advanced, fully autonomous ordering and fulfillment system. The AI-enabled Reborn drive-thru will be prominently located at the front of the Otonomus Hotel, accessible to both hotel guests and the public.

In addition, the partnership will extend into every guest room with premium in-suite Reborn offerings, including cold brew cans, single-serve coffee capsules, and smart coffee machines. Select suites may also feature curated Reborn welcome kits for a personalized touch.

“This partnership represents a fusion of innovation and hospitality,” said Jay Kim, CEO of Reborn Coffee. “We’re proud to align with Otonomus Hotel to launch a one-of-a-kind AI-powered experience that redefines convenience, personalization, and premium service.”

The collaboration will explore integration features such as loyalty perks and room charge capabilities for seamless transactions. In-room QR codes will enable guests to easily reorder or subscribe to Reborn products, with additional opportunities for product sales at the hotel’s gift shop.

“This MOU is a step forward in shaping the hotel of the future,” added Steve Alvarez, Co-Founder of Otonomus Hotel. “By working with Reborn Coffee and embracing smart retail, we’re creating a new benchmark for guest satisfaction and operational excellence.”

The MOU will remain in effect for an initial term of six months as both parties finalize operational and revenue-sharing details. The agreement is non-binding and subject to further definitive documentation.

About Otonomus Hotel

Otonomus Hotel is a next-generation hospitality brand centered around AI integration and autonomous services. Designed for the modern traveler, the hotel leverages technology to offer personalized, seamless, and elevated stays.

About Reborn Coffee

Reborn Coffee, Inc. (NASDAQ: REBN) is a California-based specialty coffee retailer focused on delivering high-quality, handcrafted coffee experiences. With a growing global footprint and a dedication to innovation, Reborn is redefining the coffeehouse model through its premium products and technology-forward initiatives.

Forward-Looking Statements

All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recent filings with the Securities and Exchange Commission (“SEC”) including our Form 10-K for the year ended December 31, 2024, which can be found on the SEC’s website at www.sec.gov. Such risks, uncertainties, and other factors include, but are not limited to, the Company’s ability to continue as a going concern as indicated in an explanatory paragraph in the Company’s independent registered public accounting firm’s audit report as a result of recurring net losses, among other things, the Company’s ability to successfully open the additional locations described herein as planned or at all, the Company’s ability to expand its business both within and outside of California (including as it relates to increasing sales and growing Average Unit Volumes at our existing stores), the degree of customer loyalty to our stores and products, the fluctuation of economic conditions, competition and inflation. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts

Investor Relations Contact:

Chris Tyson
Executive Vice President
MZ North America
[email protected]
949-491-8235

Company Contact:

Reborn Coffee, Inc.
[email protected]



BMO Announces Cash Distribution for Certain BMO ETFs and ETF Series of BMO Mutual Funds for April 2025

Canada NewsWire


TORONTO
, April 22, 2025 /CNW/ – BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the April 2025 cash distribution for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the “ETF Series”) that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on April 29, 2025 will receive cash distributions payable on May 2, 2025.

The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is April 29, 2025.

Details of the per unit cash distribution amount are as follows:


Monthly Distributions


 FUND NAME


FUND TICKER


CASH DISTRIBUTION
PER UNIT $

BMO Aggregate Bond Index ETF

ZAG

0.040

BMO Canadian MBS Index ETF

ZMBS

0.040

BMO Discount Bond Index ETF

ZDB

0.030

BMO Emerging Markets Bond Hedged to CAD Index ETF

ZEF

0.045

BMO Equal Weight Banks Index ETF

ZEB

0.140

BMO Equal Weight REITs Index ETF

ZRE

0.090

BMO Equal Weight Utilities Index ETF

ZUT

0.075

BMO High Yield US Corporate Bond Hedged to CAD Index ETF

ZHY

0.056

BMO High Yield US Corporate Bond Index ETF

ZJK

0.090

BMO High Yield US Corporate Bond Index ETF (USD Units)*

ZJK.U

0.085

BMO Laddered Preferred Share Index ETF

ZPR

0.045

BMO Laddered Preferred Share Index ETF (USD Units)*

ZPR.U

0.068

BMO Long Corporate Bond Index ETF

ZLC

0.060

BMO Long Federal Bond Index ETF

ZFL

0.033

BMO Long Provincial Bond Index ETF

ZPL

0.040

BMO Mid Corporate Bond Index ETF

ZCM

0.050

BMO Mid Federal Bond Index ETF

ZFM

0.028

BMO Mid Provincial Bond Index ETF

ZMP

0.034

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

ZMU

0.042

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC

0.059

BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)*

ZIC.U

0.042

BMO Real Return Bond Index ETF

ZRR

0.057

BMO Short Corporate Bond Index ETF

ZCS

0.038

BMO Short Federal Bond Index ETF

ZFS

0.025

BMO Short Provincial Bond Index ETF

ZPS

0.030

BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF

ZSU

0.038

BMO US Aggregate Bond Index ETF

ZUAG

0.060

BMO US Aggregate Bond Index ETF (Hedged Units)

ZUAG.F

0.060

BMO US Aggregate Bond Index ETF (USD Units)*

ZUAG.U

0.060

BMO US Preferred Share Hedged to CAD Index ETF

ZHP

0.090

BMO US Preferred Share Index ETF

ZUP

0.100

BMO US Preferred Share Index ETF (USD Units)*

ZUP.U

0.098

BMO Balanced ETF (Fixed Percentage Distribution Units)

ZBAL.T

0.155

BMO Canadian Dividend ETF

ZDV

0.070

BMO Canadian High Dividend Covered Call ETF

ZWC

0.100

BMO Covered Call Canadian Banks ETF

ZWB

0.110

BMO Covered Call Canadian Banks ETF (USD Units)*

ZWB.U

0.140

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF

ZWA

0.130

BMO Covered Call Energy ETF

ZWEN

0.220

BMO Covered Call Health Care ETF

ZWHC

0.160

BMO Covered Call Technology ETF

ZWT

0.220

BMO Covered Call US Banks ETF

ZWK

0.145

BMO Covered Call Utilities ETF

ZWU

0.070

BMO Europe High Dividend Covered Call ETF

ZWP

0.105

BMO Europe High Dividend Covered Call Hedged to CAD ETF

ZWE

0.120

BMO Floating Rate High Yield ETF

ZFH

0.070

BMO Global High Dividend Covered Call ETF

ZWG

0.175

BMO Growth ETF (Fixed Percentage Distribution Units)

ZGRO.T

0.180

BMO International Dividend ETF

ZDI

0.080

BMO International Dividend Hedged to CAD ETF

ZDH

0.080

BMO Monthly Income ETF

ZMI

0.070

BMO Monthly Income ETF (USD Units)*

ZMI.U

0.120

BMO Premium Yield ETF

ZPAY

0.200

BMO Premium Yield ETF (Hedged Units)

ZPAY.F

0.175

BMO Premium Yield ETF (USD Units)*

ZPAY.U

0.180

BMO Ultra Short-Term Bond ETF

ZST

0.120

BMO Ultra Short-Term US Bond ETF (USD Units)*

ZUS.U

0.180

BMO USD Cash Management ETF

ZUCM

0.110

BMO USD Cash Management ETF (USD Units)*

ZUCM.U

0.105

BMO US Dividend ETF

ZDY

0.070

BMO US Dividend ETF (USD Units)*

ZDY.U

0.050

BMO US Dividend Hedged to CAD ETF

ZUD

0.045

BMO US High Dividend Covered Call ETF

ZWH

0.130

BMO US High Dividend Covered Call ETF (USD Units)*

ZWH.U

0.125

BMO US High Dividend Covered Call Hedged to CAD ETF

ZWS

0.105

BMO US Put Write ETF

ZPW

0.125

BMO US Put Write ETF (USD Units)*

ZPW.U

0.125

BMO US Put Write Hedged to CAD ETF

ZPH

0.120

BMO Global Enhanced Income Fund (ETF Series)

ZWQT

0.085

BMO Global Dividend Opportunities Fund (Active ETF Series)

BGDV

0.034

BMO Global REIT Fund (Active ETF Series)

BGRT

0.055

BMO Money Market Fund (ETF Series)

ZMMK

0.150

BMO Global Infrastructure Fund (Active ETF Series)

BGIF

0.050

*Cash distribution per unit ($) amounts are USD for ZJK.U, ZPR.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZMI.U, ZPAY.U, ZUS.U, ZUCM.U, ZDY.U, ZWH.U, and ZPW.U.

Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmoetfs.com.

Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds.  Please read the applicable ETF Facts document or prospectus before investing.  BMO ETFs and ETF Series of the BMO Mutual Funds are not guaranteed, their values change frequently, and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the simplified prospectus.  Units of the BMO ETFs and ETF Series securities of the BMO Mutual Funds may be bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. Distributions are not guaranteed and are subject to change and/or elimination.  

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. The ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

SOURCE BMO Financial Group

IceCure’s ProSense® Featured at European Conference on Interventional Oncology with an Emphasis on Breast Cancer Cryoablation

PR Newswire


  • Breast cancer cryoablation was a major focus at ECIO 2025 with a dedicated scientific session

  • Independent studies of ProSense® featured in scientific sessions and abstracts including data from the THERMAC trial stating 95% of patients said they would choose thermal ablation over breast conserving surgery

  • In-booth expert exchange session on breast cancer cryoablation from the perspective of both breast surgeons and interventional oncologists by Sophie Wooldrik, MD & Prof. Tomas Vogl, MD respectively

  • Three hands-on device trainings, including ProSense®


CAESAREA, Israel
, April 22, 2025 /PRNewswire/ — IceCure Medical Ltd. (NASDAQ: ICCM) (“IceCure”, “IceCure Medical” or the “Company”), developer of minimally-invasive cryoablation technology that destroys tumors by freezing as an alternative to surgical tumor removal, today announced its participation in the European Conference on Interventional Oncology 2025 (ECIO), which took place on April 13 – 16, 2025 in Rotterdam, the Netherlands. One of the major areas of focus at ECIO 2025 was breast cancer cryoablation, with ProSense® featuring in seven key events at the conference.

IceCure_Medical_Logo

“As minimally invasive technologies like ProSense® have advanced the science of cancer care, interventional oncology is becoming an increasingly viable and preferred pathway for the treatment of breast cancer in Europe, next to current standard of care surgical, medical, and radiological methods,” stated Eyal Shamir, IceCure’s Chief Executive Officer. “We believe ProSense® is the leading cryoablation system for early-stage breast cancer tumors on the market today, and this was reflected in the number of sessions in which our cryoablation system was featured. We believe that this points to the continued commercial adoption of ProSense® for indications including breast cancer in Europe and other key global markets.”

ProSense® was featured in the following.

Two scientific sessions and one poster presentation presenting data from investigator-initiated studies that used ProSense® for breast cancer:

  • Oral presentation and Q&A by Dr. Sophie M. Wooldrik of the Netherlands, titled: Review of the indications and results of the different techniques of thermal ablation on breast tumors; The treatment of breast cancer with percutaneous thermal ablation – THERMAC; An open label phase 2 screening trial
    • Conclusion: Only cryoablation met the requirement to proceed to a phase 3 study, with an efficacy rate of 94%, a complication rate of 0%, and a 100% treatment tolerance. 94% of patients were very satisfied or satisfied with the thermal ablation technique, and 95% of patients stated they would choose thermal ablation over breast conserving surgery. 41 women were enrolled in the study, which compared cryoablation to radiofrequency ablation and microwave ablation.
  • Oral presentation and Q&A by Professor Thomas J. Vogl of Germany, titled: CT-guided cryoablation of primary breast cancer: Evaluation of efficacy and safety 
    • Conclusion: Cryoablation is a safe and effective treatment for primary breast cancer. 45 patients with 56 tumors (mean diameter 1.6 ± 0.7 cm) were treated. The mean overall progression-free survival was 2.9 years (95% with a confidence interval of 2.3-3.6).

Poster presentation titled: Non-surgical treatment of breast cancer: a comparison of outcomes between cryoablation with hormonal therapy versus cryoablation alone and hormonal therapy alone in patients not eligible for surgery

  • Conclusion: Cryoablation with hormonal therapy reduces tumor size and residual disease more effectively than hormonal therapy or cryoablation alone, making it a promising option for patients not eligible for surgery. 64 patients were not suitable for surgery, and a total of 73 tumors (mean 14.8 mm) were treated. Tumor size reduction was greatest in the cryoablation with hormone therapy (HT) group (94%, mean-reduction of 15.4 mm), followed by cryoablation only (82%, mean reduction of 9.7 mm), and followed by HT only (43%, mean reduction of 4.6 mm).

ProSense® featured during ECIO’s Hands-On Device Cryoablation Training Sessions.

The sessions were well attended, and the training was well received.

An in-booth expert exchange session at IceCure’s booth was conducted on the perspectives of breast cancer cryoablation from breast surgeons and interventional oncologists by Dr. Wooldrik and Professor Vogl, who had also presented at the scientific sessions.

About ProSense®

The ProSense® Cryoablation System is a minimally invasive cryosurgical tool that provides the option to destroy tumors by freezing them. The system uniquely harnesses the power of liquid nitrogen to create large lethal zones for maximum efficacy in tumor destruction in benign and cancerous lesions, including breast, kidney, lung, and liver.

ProSense® enhances patient and provider value by accelerating recovery, reducing pain, surgical risks, and complications. With its easy, transportable design and liquid nitrogen utilization, ProSense® opens that door to fast and convenient office-based procedures for breast tumors.

About IceCure Medical

IceCure Medical (NASDAQ: ICCM) develops and markets advanced liquid-nitrogen-based cryoablation therapy systems for the destruction of tumors (benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone and lung cancer. Its minimally invasive technology is a safe and effective alternative to hospital surgical tumor removal that is easily performed in a relatively short procedure. The Company’s flagship ProSense® system is marketed and sold worldwide for the indications cleared and approved to date including in the U.S., Europe and China.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, IceCure is using forward looking statements in this press release when it discusses: the belief that minimally invasive technologies such as ProSense have advanced cancer care; the belief that ProSense is the leading cryoablation system for early-stage breast cancer tumors on the market today; and the belief that there will likely be continued commercial adoption of ProSense® for indications, including breast cancer, in Europe and other key global markets. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company’s planned level of revenues and capital expenditures; the Company’s available cash and its ability to obtain additional funding; the Company’s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company’s ability to maintain its relationships with suppliers, distributors and other partners; the Company’s ability to maintain or protect the validity of its patents and other intellectual property; the Company’s ability to expose and educate medical professionals about its products; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024 filed with the SEC on March 27, 2025, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

IR Contact:
Email: [email protected]

Michael Polyviou
Phone: 732-232-6914

Todd Kehrli
Phone: 310-625-4462

Logo: https://mma.prnewswire.com/media/2319310/IceCure_Medical_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/icecures-prosense-featured-at-european-conference-on-interventional-oncology-with-an-emphasis-on-breast-cancer-cryoablation-302434222.html

SOURCE IceCure Medical

TOYO Commences Production in its 2GW Solar Cell Facility in Ethiopia

PR Newswire


TOKYO
, April 22, 2025 /PRNewswire/ — TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF) (“TOYO” or the “Company”), a solar solution company, has officially started production at its new facility in Ethiopia in early April 2025. The company is scheduled to deliver more than 80 MW of solar cells to customers by the end of April.

Following the initial deliveries, TOYO plans to ramp up operations significantly. By May and June 2025, the new Ethiopian plant is expected to be fully operational, with a monthly production capacity of 150 to 200 MW. The company recently announced that it is expanding its nameplate capacity at this location to 4GW based on robust external customer demand and the internal needs of its new module facility in Houston Texas. This expansion aligns with TOYO’s broader strategy to strengthen its global solar manufacturing footprint and meet increasing demand for renewable energy solutions.

TOYO’s entry into Ethiopia marks a strategic move to diversify manufacturing locations and leverage regional advantages, supporting sustainable energy growth globally.

“We are very positive about the strong demand we are seeing in the market and are working diligently to execute the additional 2GW expansion in Ethiopia,” said Junsei Ryu, Chairman and CEO of TOYO Co., Ltd. “2025 is shaping up to be a year of massive growth for TOYO fueled by solar power’s ability to rapidly add low-cost power to the grid and our commitment to sustainable energy solutions on a global scale.”

About TOYO Co., Ltd.

TOYO is a solar solutions company that is committed to becoming a full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding the expected growth of TOYO, the expected order delivery of TOYO products, TOYO’s construction plan for new facilities and anticipated commencement of production. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of TOYO’s management and are not predictions of actual performance.

These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although TOYO believes that it has a reasonable basis for each forward-looking statement contained in this press release, TOYO caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the documents filed by TOYO from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

TOYO cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to several risks and uncertainties, including, among others, the outcome of any potential litigation, government or regulatory proceedings, the sales performance of TOYO, and other risks and uncertainties, including but not limited to those included under the heading “Risk Factors” of the filings of TOYO with the SEC. There may be additional risks that TOYO does not presently know or that TOYO currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of TOYO as of the date of this press release. Subsequent events and developments may cause those views to change. However, while TOYO may update these forward-looking statements in the future, there is no current intention to do so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of TOYO as of any date subsequent to the date of this press release. Except as may be required by law, TOYO does not undertake any duty to update these forward-looking statements.

Contact Information:

For TOYO Co., Ltd.


[email protected]
 

Crocker Coulson
Email: [email protected]
Tel: (646) 652-7185

Cision View original content:https://www.prnewswire.com/news-releases/toyo-commences-production-in-its-2gw-solar-cell-facility-in-ethiopia-302434451.html

SOURCE TOYO Co., Ltd

Bags to Boards: SpartanNash Celebrates Earth Day with Second Annual Accessibility Ramp Build

PR Newswire

Company’s partnership with Trex

®
 and Home Repair Services highlights how plastic grocery bags can be converted into accessibility ramps for Veterans’ homes

GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ — Food solutions company SpartanNash® (the “Company”) (Nasdaq: SPTN) once again joined forces with Home Repair Services and Trex® Company in honor of Earth Day, transforming plastic grocery bags recycled at Company-operated stores into accessibility ramps for Veterans in need. 

“By upcycling returned plastic bags into accessibility ramps for Veterans, we are giving the gift of mobility in a sustainable, eco-friendly way,” said SpartanNash Chief Communications Officer Adrienne Chance. “It’s a People First program that brings our store guests, Associates, nonprofit partners and community together to serve.”

The ramp – which was constructed by SpartanNash Associate volunteers – will provide a safer home to a West Michigan Veteran, who served in the U.S. Marines during the Vietnam War era.

Each ramp requires approximately 157,500 recycled bags, which are collected year-round at SpartanNash-operated stores including Family Fare®, Martin’s Super Market, D&W® Fresh Market and Forest Hills Foods®. Trex, an eco-friendly decking company, then turns these plastic bags – which include produce bags, cereal box liners, bubble wrap and more – into composite decking boards. SpartanNash Associates then partner with Home Repair Services, a West-Michigan based organization providing income-based home repairs for those in need, to build the accessibility ramps.

“Sustainability is at the core of everything we do – and this project exemplifies how recycling can create real, tangible impact,” said Dave Heglas, Senior Director of Recycled Materials at Trex Company. “By transforming everyday plastic waste into something as meaningful as accessible home ramps for Veterans, we’re not just reducing landfill waste – we’re building pathways to better lives. We’re honored to be part of a collaboration that brings together environmental responsibility and community care in such a powerful way.”

In 2024, SpartanNash built accessibility ramps for five Veterans in West Michigan. This year, the food solutions company will expand the ‘Bags to Boards’ program to other communities in its footprint, building ramps in West Michigan and beyond.

More than 5,000 pounds of plastic bags have been recycled at the Company’s stores since 2023. More information regarding SpartanNash’s recycling initiatives can be found in SpartanNash’s Corporate Responsibility Report.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 20,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates nearly 200 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers with convenience stores. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

Trex® is a registered trademark of Trex Company, Inc.

CONTACT:

Adrienne Chance 
SVP and Chief Communications Officer
SpartanNash
[email protected]  

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SOURCE SpartanNash