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Jabil Acquires Pharmaceutics International, Inc. (Pii)

The acquisition of Pii, a science-driven contract development and manufacturing organization (CDMO), complements Jabil’s existing pharmaceutical solutions, enabling comprehensive support for customers in drug development, clinical trials, and product commercialization at scale.

ST. PETERSBURG, Fla.–(BUSINESS WIRE)–
Jabil Inc. (NYSE: JBL), a global leader in engineering, manufacturing, and supply chain solutions, today announced the successful acquisition of Pharmaceutics International, Inc. (Pii), a contract development and manufacturing organization (CDMO) specializing in early stage, clinical, and commercial volume aseptic filling, lyophilization, and oral solid dose manufacturing, completed February 3, 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204436085/en/

“As the pace of healthcare innovation accelerates, pharmaceutical companies need partners who can help them scale rapidly with a focus on quality and safety. Jabil and Pii’s combined capabilities can provide end-to-end support for pharmaceutical customers, offering one safe, trusted pair of hands to simplify their entire supply chain,” said Mike Mahaz, SVP, Global Business Units, Healthcare, at Jabil.

Jabil is a leader in parenteral drug delivery, in support of markets like GLP-1s. This acquisition will significantly enhance Jabil’s existing Pharmaceutical Solutions offering, which includes the development and commercial production of auto-injectors, pen injectors, inhalers, and on-body pumps. With the addition of Pii’s leading scientific insights, depth of product knowledge, and capabilities across aseptic filling, lyophilization, and oral solid dose manufacturing, Jabil can meet the clinical and commercial drug manufacturing demands of healthcare customers.

“Jabil is very pleased to announce this acquisition. With our shared commitment to creating the best solutions possible for patients around the world, we believe the addition of Pii’s capabilities, supported by over 300 team members, is a perfect fit for Jabil and our customers,” said James O’Gorman, Vice President, Pharmaceutical Solutions, at Jabil. “The convergence of Jabil’s and Pii’s complementary capabilities will bolster Jabil’s customer offering and support business growth potential as we enter the CDMO market.”

Founded in 1994, Pii’s footprint has grown to over 360,000 square feet across four sites on a single campus in Hunt Valley, Maryland. Pii’s state-of-the-art Good Manufacturing Practice (GMP) facilities contain over 70 manufacturing rooms, including containment suites for handling high potency compounds and hormones, dedicated manufacturing suites for oral products (e.g., soft gels), an aseptic facility for injectables (e.g., vials, syringes, and cartridges), a formulation development center, and analytical and microbiology laboratories. This expertise will add a comprehensive portfolio of pharmaceutical development and manufacturing services to Jabil’s current healthcare solutions.

By joining Jabil, Pii gains access to an expanded global infrastructure, cutting-edge automation, and enhanced supply chain efficiencies, enabling even greater responsiveness and innovation for their pharmaceutical partners.

“This acquisition marks an exciting new chapter for Pii. We look forward to leveraging Jabil’s extensive expertise to accelerate our mission of delivering best-in-class drug development and manufacturing solutions to our customers and ultimately the patients we serve,” said John Fowler, President and CEO at Pii.

“On behalf of our board and fellow shareholders at Athyrium Capital Management, Hildred Capital and Pharmascience Inc., I want to thank our management and staff for their splendid work in building the Company over the past several years,” said James Gale, Chairman of Pii and managing director of Signet Healthcare Partners. “Jabil is the perfect owner to continue the momentum of the business. With their resources and capabilities, we believe our customers and employees will be well served going forward.”

For more information, please visit https://www.pharm-int.com/.

About Jabil:

At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, manufacturing, and supply chain solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.

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Investor Contact

Adam Berry

Senior Vice President, Investor Relations and Communications

[email protected]

Media Contact

Timur Aydin

Senior Director, Enterprise Marketing and Communications

[email protected]

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Other Manufacturing Medical Supplies Packaging Engineering Chemicals/Plastics Manufacturing Health Pharmaceutical General Health

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Pii’s four state-of-the-art manufacturing facilities in Hunt Valley, Maryland, include dedicated space for aseptic filling, oral solid dose production, and handling high potency compounds and hormones. (Photo: Business Wire)

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January’s Zeta Economic Index (ZEI) Shows US Economy Holding Steady Heading into 2025

Consumer Spending Remains Resilient Post-Holiday, With Dining Activity Up and Retail Facing Seasonal Headwinds

NEW YORK–(BUSINESS WIRE)–Zeta Global (NYSE:ZETA), the AI Marketing Cloud, today released the Zeta Economic Index (ZEI) for January 2025. Powered by Zeta’s proprietary Generative AI technology and real-time consumer behavior from over 245 million US consumers, the ZEI provides an unparalleled view of the strength and momentum of the US economy.

Following the surge in consumer spending during the 2024 holiday season, the US economy appears to be holding steady at the start of 2025, despite an expected post-holiday correction from retail. One bright spot is the dining sector, which saw a 4.1 point increase month-over-month (MoM) in activity, fueled by seasonal trends such as gift card redemptions and colder weather driving demand for takeout.

The Economic Index Score (EIS), the ZEI’s primary measure of US economic health, dipped slightly to 70.9, a 0.8% month-over-month (MoM) decrease, as the economy recalibrates post-holiday spending. Despite the decline, the EIS remains higher than average 2024 levels reinforcing the economy’s solid footing. The Economic Stability Index (ESI) increased to 66.9, marking a 0.6% QoQ increase, underscoring consumer spending resilience.

“It’s an encouraging signal for the year ahead that the economy looks this strong in a month when consumers typically pull back on spending,” said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta Global. “The ZEI provides a real-time, behavior-driven view of economic conditions in the US offering business leaders a valuable tool to navigate 2025 investment. In the coming months, we’ll be closely monitoring whether consumers reignite their spending patterns or maintain a more cautious approach.”

Additional highlights from the January 2025 ZEI:

• Consumer Spending Remain Strong: Discretionary spend propensity rose 4.6% MoM. Similarly, credit line expansion intent edged up .6% MoM, showing a steady, albeit cautious, appetite for borrowing.
• Dining Sales Are Up: Consumer interest in dining made a strong comeback in January, marking the biggest MoM gain across industries. Following a rise in gift card sales during the holiday season, consumers appear to be eager to redeem them sooner rather than later, with a 4.1 point increase for the sector.
• Cold Winter Impacts Retail Activity: Retail activity declined 3.9 points MoM, possibly attributed to the deep freeze most of the nation experienced in January. Historically, colder winter months negatively affect retail almost immediately, especially in small businesses as they opt to close rather than pay employees for little to no customers.
• Healthcare Activity declines: Healthcare activity declined, falling 3.9 points. As consumers navigate new coverage rules and reset deductibles, policy changes in corporate insurance plans at the start of the year are likely a factor in the decline. Additionally, some uncertainty may stem from recent headlines around government stance on vaccines and healthcare policy, which could add to broader consumer hesitancy.
• Job Market Sentiment Drops Sharply: A drastic decline of 19.6% MoM could indicate rising concerns over job security, hiring freezes, or shifting employment dynamics—particularly as many jobs face uncertainly as the new administration begins to implement new policies.

Unlike traditional surveys, the ZEI leverages Generative AI to analyze trillions of behavioral signals, recalibrating each month to reflect actual consumer activity. With insights derived from over 20 proprietary inputs, the index provides a comprehensive, real-time view of economic sentiment, activity and spending trends.

The Zeta Economic Index is publicly available here and is provided as a complimentary service. It should not be considered investment advice or be relied upon to make investment decisions.

About Zeta Global

Zeta Global (NYSE: ZETA) is the AI Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in New York City with offices around the world. To learn more, go to www.zetaglobal.com.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning our anticipated future financial performance, our market opportunities and our expectations regarding our business plan and strategies. These statements often include words such as “anticipate,” “believe,” “could,” “estimates,” “expect,” “forecast,” “guidance,” “intend,” “may,” “outlook,” “plan,” “projects,” “should,” “suggests,” “targets,” “will,” “would” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results.

The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and the forward-looking statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250203833575/en/

Investor Relations

Matt Pfau

[email protected]

Press

Candace Dean

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Women Networks Artificial Intelligence Data Management Technology Consumer Other Consumer Other Technology

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Arcturus Therapeutics Announces Appointment of Moncef Slaoui, Ph.D., as Chair Designate

SAN DIEGO–(BUSINESS WIRE)–
Arcturus Therapeutics Holdings Inc. (the “Company”, “Arcturus”, Nasdaq: ARCT), a commercial messenger RNA medicines company focused on the development of infectious disease vaccines and opportunities within liver and respiratory rare diseases, today announced the appointment of Moncef Slaoui, Ph.D., as Chair Designate. Dr. Slaoui has been serving on the Company’s Board of Directors since June 2024.

“Dr. Moncef Slaoui has a long-proven track record in the pharmaceutical and biotechnology industry, and we are delighted to have him as our Chair Designate,” said Joseph Payne, President & Chief Executive Officer of Arcturus. “We look forward to working with him as we enter a transformative year of advancing our pipeline of therapeutics and vaccines.”

“Arcturus has deep expertise in mRNA delivery for therapeutics and a validated commercial stage vaccines platform,” said Dr. Moncef Slaoui. “I am excited to work with the company during this potentially transformational time with multiple key data readouts across its pipeline.”

About Dr. Moncef Slaoui

Dr. Moncef Slaoui was most recently the Chief Scientific Advisor to Operation Warp Speed. Under his leadership the operation enabled the fastest ever development, manufacturing, and approval of multiple COVID-19 vaccines in less than 11 months after the virus genetic sequence was described. Dr. Slaoui has sat on several biotechnology company boards, including Moderna, Inc. and Lonza Group AG, and he chaired the boards of Galvani, and Vaxcyte, a vaccine development platform company.

Dr. Slaoui spent nearly 30 years at GlaxoSmithKline (GSK) holding leadership positions including as member of the Board of Directors of GSK PLC; Chairman of Pharmaceutical R&D; Chairman Global R&D, Vaccines & Oncology; and Chairman, Global Vaccines. As Chairman of Pharmaceutical R&D, Dr. Slaoui led a redesign of GSK’s R&D structure and culture to improve focus on innovation and productivity. As Chairman of Global Vaccines, Dr. Slaoui was directly involved in GSK’s vaccine pipeline, leading to the creation of 14 new vaccines, including Shingrix®, to prevent shingles; Cervarix®, to prevent cervical cancer; Mosquirix, to prevent malaria; Rotarix®, to prevent rotavirus gastroenteritis; and Synflorix, to prevent pneumococcal disease.

In 2016, Dr. Slaoui was recognized as one of Fortune’s 50 Greatest World Leaders for his work in under-researched diseases common in the developing world. He served on the Advisory Committee to the Director of the NIH from 2011 to 2016 and has advised the U.S. President’s Council of Advisors on Science and Technology.

Dr. Slaoui holds a Ph.D. in Molecular Biology and Immunology from the Université Libre de Bruxelles, completed postdoctoral studies at Harvard Medical School and Tufts University School of Medicine, and was a Professor of Immunology at the University of Mons, Belgium. He received an accelerated Master of Business Administration from IMD, Switzerland in 1998.

About Arcturus

Founded in 2013 and based in San Diego, California, Arcturus Therapeutics Holdings Inc. (Nasdaq: ARCT) is a commercial mRNA medicines and vaccines company with enabling technologies: (i) LUNAR® lipid-mediated delivery, (ii) STARR® mRNA Technology (sa-mRNA) and (iii) mRNA drug substance along with drug product manufacturing expertise. Arcturus developed KOSTAIVE®, the first self-amplifying messenger RNA (sa-mRNA) COVID vaccine in the world to be approved. Arcturus has an ongoing global collaboration for innovative mRNA vaccines with CSL Seqirus, and a joint venture in Japan, ARCALIS, focused on the manufacture of mRNA vaccines and therapeutics. Arcturus’ pipeline includes RNA therapeutic candidates to potentially treat ornithine transcarbamylase (OTC) deficiency and cystic fibrosis (CF), along with its partnered mRNA vaccine programs for SARS-CoV-2 (COVID-19) and influenza. Arcturus’ versatile RNA therapeutics platforms can be applied toward multiple types of nucleic acid medicines including messenger RNA, small interfering RNA, circular RNA, antisense RNA, self-amplifying RNA, DNA, and gene editing therapeutics. Arcturus’ technologies are covered by its extensive patent portfolio (over 400 patents and patent applications in the U.S., Europe, Japan, China, and other countries). For more information, visit www.ArcturusRx.com. In addition, please connect with us on Twitter and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204663825/en/

Arcturus Therapeutics

Public Relations & Investor Relations

Neda Safarzadeh

VP, Head of IR/PR/Marketing

(858) 900-2682

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Infectious Diseases Biotechnology Pharmaceutical Health

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BlackSky Wins EMDYN Subscription Contract to Deliver On-Demand Gen-2 Space-Based Imagery Services to International Government Customers

Agreement enables ability to set up automated tip-and-cue tasking and the fusing of signals and other intelligence sources through BlackSky Spectra^® to support tactical ISR operations

HERNDON, Va.–(BUSINESS WIRE)–
BlackSky Technology Inc. (NYSE: BKSY) won a multi-year contract with geospatial intelligence fusion company EMDYN (Emerging Dynamics) to deliver space-based imagery services to international customers. The agreement gives international ministries of defense the ability to set up API-enabled automated tip-and-cue tasking and the fusing of signals and other intelligence sources to support real-time tactical operations.

“BlackSky and EMDYN’s combined services will bring space and terrestrial data together for on-demand insights at scale, while a mission is ongoing,” said Brian E. O’Toole, BlackSky CEO. “These unique AI-driven services will reduce end-to-end latency across the entire tasking-to-dissemination process.”

“EMDYN Platform was fully developed in-house to meet the growing intelligence challenges in an increasingly unstable world,” said Tim Van Renterghem, EMDYN founder and CEO. “Integrating BlackSky satellite imagery into EMDYN Platform adds a powerful real-time dimension that empowers analysts to derive accurate, actionable intelligence much faster.”

BlackSky achieves industry-leading speed through constellation design and a dedication to end-to-end AI-driven system automation. With rapid, hourly revisit rates, the BlackSky Spectra^® tasking and analytics platform delivers time-diverse imagery and analytics up to 15 times per day, dawn-to-dusk, providing decision-quality data directly to those who need it most—from senior leaders to those in the field.

About BlackSky

BlackSky is a real-time, space-based intelligence company that delivers on-demand, high frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry’s most advanced, purpose-built commercial, real-time intelligence system that combines the power of the BlackSky Spectra^® tasking and analytics software platform and our proprietary low earth orbit satellite constellation.

With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY. To learn more, visit www.blacksky.com and follow us on X (Twitter).

About EMDYN

EMDYN helps organizations to better understand the threats they face by turning data into actionable intelligence, safeguarding vital assets and supporting critical decision making. We major in location intelligence and geospatial intelligence fusion through EMDYN Platform, integrating multi-source data in a single application to provide unparalleled insights into situations, events or patterns of movement. We empower analysts to drive faster and smarter critical decision making, finding vital connections that might otherwise be lost.

EMDYN Platform is a modern, future-proof solution that is especially relevant to anyone working in intelligence and security services who requires up to date information to plan current operations and predict future possibilities. Delivering reliability and speed, EMDYN Platform is built from the ground up to be future-proof, bringing together a wide variety of data sources, commercial and customer specific, plus allowing sensor data integration. EMDYN offers modern, proven technology to help clients stay ahead of the curve, working towards a safer, more secure world. To learn more, visit www.emdyn.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to BlackSky. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. 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 document, including but not limited to: (i) the ability to implement business plans, forecasts, and other expectations, (ii) achieve anticipated revisit rates and maintain current launch schedules, and (iii) our ability to predict and respond to customer trends. The foregoing list of factors is not exhaustive and is based on information available as of the date of this communication, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know, or that we currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans, or forecasts of future events and views as of the date of this communication. We anticipate that subsequent events and developments will cause their assessments to change. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additional risks and uncertainties are identified and discussed in reports filed with the SEC, including within the section titled “Risk Factors” on BlackSky’s registration statement on Form S-1, and available at the SEC’s website at http://www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204743741/en/

Investor Contact

Aly Bonilla

VP, Investor Relations

[email protected]

Media Contact

Pauly Cabellon

Director, External Communications

[email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Data Management Technology Other Defense Contracts Homeland Security Chemicals/Plastics Aerospace Logistics/Supply Chain Management Manufacturing Public Policy/Government Commercial Building & Real Estate Defense Construction & Property Other Transport Security Satellite Air Transport Artificial Intelligence Software Internet

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Orion S.A. signs supply agreement for tire pyrolysis oil with Contec S.A.

HOUSTON–(BUSINESS WIRE)–Orion S.A. (NYSE: OEC), a global specialty chemicals company, announced today it has signed a long-term supply agreement with Contec S.A., which will provide Orion tire pyrolysis oil to produce circular carbon black for tire and rubber goods customers.

The agreement with Warsaw, Poland-based Contec further enables Orion to diversify its sources of tire pyrolysis oil, commonly known as TPO.

“With the ConPyro® TPO supplied by Contec, Orion will be able to make large-scale volumes of circular grades of carbon black that will supply growing demand from the world’s leading tire and rubber goods producers,” Orion CEO Corning Painter said. “This is yet another way that Orion is accelerating the transition to a circular economy.”

TPO-based manufacturing is the only circular technology that is moving into industrial production to produce high-quality active carbon black. The process takes discarded end-of-life tires and exposes them to high temperatures to produce a feedstock Orion can convert into virgin carbon black.

Orion is the only company that has made circular carbon black from 100% TPO as a feedstock. The company has also demonstrated that its circular products can replace virgin carbon black in many applications.

“At Contec, sustainability is one of our core values. This partnership is a clear confirmation to the market that the industry is continuously evolving, and the circular economy is no longer just a vision for the future – thanks to collaboration with Orion, it is becoming a tangible reality today,” said Krzysztof Wróblewski, CEO of Contec S.A.

About Orion S.A.

Orion S.A. (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability and add UV protection. Orion has four innovation centers and produces carbon black at 15 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

About Contec S.A.:

Contec S.A. specializes in end-of-life tire processing through chemical recycling, transforming discarded tires into circular, sustainable raw materials. What sets Contec apart is their proprietary Molten® technology, which utilizes molten salt as a heat transfer medium. This innovative approach ensures safer, more efficient, and economically viable production. Since 2017, Contec has been at the forefront of defossilization of the manufacturing industry by providing sustainable alternatives to virgin carbon black and petrochemical raw materials. Their commitment to environmental responsibility and cutting-edge solutions positions them as a leader in the tire recycling landscape.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204261496/en/

Orion Contacts:

William Foreman

Orion S.A.

Director of Corporate Communications

[email protected]

+1 281-889-7833

Christopher Kapsch

Orion S.A.

Vice President of Investor Relations

[email protected]

+1 281-318-4413

Contec Contact:

Anna Goławska

Contec S.A.

Marketing & PR Manager

[email protected]

+48 664 322 088

KEYWORDS: Texas Europe United States Poland North America

INDUSTRY KEYWORDS: Sustainability Recycling General Automotive Automotive Environment Other Manufacturing Packaging Chemicals/Plastics Automotive Manufacturing Other Automotive Tires & Rubber Manufacturing

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Posted on February 4, 2025 8:34 am

Brenmiller Energy to Launch Revolutionary bGen™ Thermal Energy Storage System to Electrify Thermal Oil: 8 Projects Worth Approximately $170 Million Already in Commercial Pipeline

Brenmiller Energy to Launch Revolutionary bGen^™ Thermal Energy Storage System to Electrify Thermal Oil: 8 Projects Worth Approximately $170 Million Already in Commercial Pipeline

• Electric thermal oil solution leverages award-winning bGen^™ efficiency and delivers low-carbon heat at price parity with fossil fuels
• Next-generation thermal storage system for industrial applications set to launch in 2026, addressing critical market need to decarbonize thermal oil heating
• Multiple commercial projects already in negotiations, demonstrating strong market validation, expanding Brenmiller’s total addressable market by an additional $8 billion annually.

TEL AVIV, Israel–(BUSINESS WIRE)–Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global energy provider of thermal energy storage (“TES”) solutions to industrial and utility markets, today announced that it has commenced the development of a ground-breaking TES system, the bGen ZERO Thermal Oil^™ (“bGen ZTO”) designed to electrify thermal oil for industrial applications. Planned for commercial availability in 2026, bGen ZTO expands Brenmiller’s total addressable market into the $8 billion annual thermal oil heating equipment market growing at a compound annual growth rate (“CAGR”) of 6%.

Thermal oil is used for industrial heating processes of pharmaceuticals, chemicals, petrochemicals, and food processing industries. Today, 95% of thermal oil is powered by fossil fuels.

“Our extensive engagement with global industrial customers revealed a critical need for next-generation thermal oil heating solutions that eliminate fossil fuels while reducing complexity and cost,” said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. “The bGen ZTO’s efficiency means our Heat-as-a-Service customers will benefit from zero-emissions heat at a price that is competitive with fossil fuel-based solutions. Our research and development engineers, the best in the industry in our opinion, are now developing the bGen ZTO planning for first delivery by 2026 for 8 projects worth approximately $170 million in our commercial pipeline. To the best of our knowledge, no competing thermal oil storage systems exist in the market today.”

A breakthrough innovation, bGen ZTO is a modular TES system that will combine an internal electric conversion for storage with integrated heat exchange, achieving nearly 100% cycle efficiency through simplified maintenance and indirect oil heating with minimal degradation, smooth stability, and limited breakdown, if any, while heating thermal oil up to 340°C.

The launch of bGen ZTO comes as industries increasingly turn to renewable energy solutions in the face of fossil fuel volatility.

About Brenmiller Energy Ltd.

Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller’s patented bGen^™ thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers’ needs. The most experienced thermal battery developer on the market, Brenmiller operates the world’s only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company’s website at https://bren-energy.com and follow the Company on X and LinkedIn.

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. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses: the development of bGen ZTO, including its future industrial applications, its commercial availability in 2026, the expectancy that bGen ZTO will expand the Company’s total addressable market into the $8 billion annual thermal oil heating equipment market growing at a CAGR of 6%, bGen ZTO’s benefits for the Company’s customers, the planned delivery of bGen ZTO for 8 projects worth approximately $170 million in the Company’s commercial pipeline, that bGen ZTO will combine an internal electric conversion for storage with integrated heat exchange, achieving nearly 100% cycle efficiency through simplified maintenance and indirect oil heating with minimal degradation, smooth stability, and limited breakdown, if any, while heating thermal oil up to 340°C. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” are intended to identify forward-looking statements. Readers are cautioned that certain crucial factors may affect the company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. The Company may not ultimately reach any definitive agreements related to bGen ZTO and the projects under negotiations and/or in the Company’s commercial pipeline may not occur. Factors that may affect the Company’s results include, but are not limited to: the Company’s planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 18, 2024, which is 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204778787/en/

Media:

Tori Bentkover

[email protected]

KEYWORDS: Israel Middle East

INDUSTRY KEYWORDS: Other Energy Environment Oil/Gas Sustainability Alternative Energy Green Technology Energy

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Herc Holdings Inc. Increases Quarterly Dividend by 5% to $0.70 Per Share

BONITA SPRINGS, Fla.–(BUSINESS WIRE)–Herc Holdings, Inc. (NYSE: HRI), one of North America’s leading equipment rental suppliers, today announced that its Board of Directors has increased the Company’s quarterly dividend by $0.035 per share, or 5%, to $0.70 per share.

The dividend is payable March 4, 2025, to shareholders of record as of February 18, 2025.

At the new rate, the indicated dividend on an annual basis is $2.80 per share compared to the previous rate of $2.66 per share.

“We are pleased to start 2025 with a 5% increase in our quarterly dividend,” said Larry Silber, president and chief executive officer. “We remain confident in our strategy and disciplined approach to growth and our ability to generate sustainable shareholder returns while positioning the Company for future opportunities.”

About Herc Holdings Inc.

Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 439 locations across North America, and 2023 total revenues were approximately $3.3 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Our ProSolutions® offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shoring equipment as well as our ProContractor professional grade tools. We employ approximately 7,700 employees, who equip our customers and communities to build a brighter future.

Learn more at www.HercRentals.com and follow us on Instagram, Facebook and LinkedIn.

All references to “Herc Holdings” or the “Company” in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated.

Forward-Looking Statements

This press release includes forward-looking statements as that term is defined by the federal securities laws, including statements concerning our business plans and strategy, projected profitability, performance or cash flows, future capital expenditures, our growth strategy, including our ability to grow organically and through M&A, anticipated financing needs, business trends, our capital allocation strategy, liquidity and capital management, and other information that is not historical information. Forward looking statements are generally identified by the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts,” “looks,” and future or conditional verbs, such as “will,” “should,” “could” or “may,” as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and, there can be no assurance that our current expectations will be achieved. They are subject to future events, risks and uncertainties – many of which are beyond our control – as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Further information on the risks that may affect our business is included in filings we make with the Securities and Exchange Commission from time to time, including our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and in our other SEC filings. We undertake no obligation to update or revise forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204002087/en/

Leslie Hunziker

Senior Vice President,

Investor Relations, Communications & Sustainability

[email protected]

239-301-1675

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Other Manufacturing Machinery Building Systems Other Construction & Property Manufacturing Residential Building & Real Estate

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Simpson Motorcycle Introduces Journey and Xcursion Helmets for Adventure Riders

Iconic brand brings its trusted innovation and bold American style to growing adventure rider market

BOWLING GREEN, Ky.–(BUSINESS WIRE)–Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, has unveiled two groundbreaking additions in the Simpson Motorcycle lineup: the Journey Bandit and Xcursion Bandit adventure motorcycle helmets. Designed for the growing adventure rider market, these innovative helmets deliver unmatched protection and performance on and off-road.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204877064/en/

The Simpson brand’s signature quality, innovation and style has made it a household name in motorsports safety since 1959. Nearly 20 years ago, Simpson introduced that same spirit to its gear for motorcycle enthusiasts. Today, the Simpson adventure helmets mark a bold entry into a new market for the brand, meeting the unique needs of off-road adventure riders by combining trusted protection and performance with Simpson’s unapologetic American style. The move comes amid a global rise in motorcycle touring and adventure riding, underscoring Simpson’s commitment to meeting the needs of off-road riders and positioning Holley Performance Brands as a forward-focused leader in a growing market.

“Adventure riders demand gear that matches their style and drive to push boundaries – without compromise,” said Matthew Stevenson, President and CEO, Holley Performance Brands. “The new Journey Bandit and Xcursion Bandit adventure motorcycle helmets deliver on that demand and demonstrate how Holley Performance Brands continues to evolve its safety product portfolio to take the lead in new markets and appeal to a wide variety of enthusiasts.”

Designed for Every Adventure

The Journey Bandit helmet is designed for both open highways and off-road trails with a dual-certified chinbar, while the Xcursion Bandit helmet’s versatile full-face design is tailored specifically for rugged off-road exploration. Both helmets are meticulously crafted with features that prioritize safety, comfort and performance in any condition or climate, including:

• Durable construction: Tricomposite or carbon fiber shells for exceptional strength and durability
• Advanced cooling: Adjustable top and chin vents for superior airflow
• All-day comfort: Advanced plush foam padding wrapped in Comfort MAX for a secure, spacious and dry fit
• Clear views: Ultra-wide viewports and Pinlock® MaxVision antifog shields for broad and clear views
• Custom fit: Three shell sizes for an optimal and personalized fit for every adventure rider

“Simpson has always been about empowering drivers and riders to safely take on that next challenge,” said Brian Appelgate, Senior Vice President Safety & Racing, Holley Performance Brands. “Adventure riders are a growing and increasingly younger set of enthusiasts, and they’re looking for gear that fits their attitude and style. The Journey Bandit and Xcursion Bandit helmets answer that call like only we can. It’s another way we’re driving our mission forward and bringing more performance, safety, fun and excitement to enthusiasts everywhere.”

Simpson will highlight the new adventure line at the AIMExpo (February 5-7), as well as the One Motorcycle Show (February 7-8) in Las Vegas, where the brand is a primary sponsor and will host bold, high-energy showcases, complete with fire, fuel drag bikes, stunt demos and more.

For more information about the Journey Bandit and Xcursion Bandit adventure motorcycle helmets, click here.

For more Holley company news, click here.

Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other important factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to Holley’s ability to (1) successfully design, develop, and market new products, (2) maintain and strengthen demand for our products and brands, (3) execute on strategic and operational initiatives, and (4) and the other risks and uncertainties set forth in the Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2024, and in any subsequent filings with the SEC.

About Holley Performance Brands

Holley Performance Brands (NYSE: HLLY) leads in the design, manufacturing and marketing of high-performance products for automotive enthusiasts. The company owns and manages a portfolio of iconic brands, catering to a diverse community of enthusiasts passionate about the customization and performance of their vehicles. Holley Performance Brands distinguishes itself through a strategic focus on four consumer vertical groupings, including Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing, ensuring a wide-ranging impact across the automotive aftermarket industry. Renowned for its innovative approach and strategic acquisitions, Holley Performance Brands is committed to enhancing the enthusiast experience and driving growth through innovation. For more information on Holley Performance Brands and its dedication to automotive excellence, visit https://www.holley.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204877064/en/

Media Relations Contact(s):

Jordan Moore, [email protected] / Sydney Goggans, [email protected]

Investor Relations Contacts:

Anthony Rozmus / Neel Sikka

Solebury Strategic Communications

203-428-3224

[email protected]

KEYWORDS: United States North America Kentucky

INDUSTRY KEYWORDS: Aftermarket Automotive General Automotive Automotive Manufacturing Specialty Manufacturing Fashion Performance & Special Interest Retail

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Designed for adventure enthusiasts, the Journey Bandit and Xcursion Bandit helmets deliver top-tier protection and performance in any condition. (Photo: Business Wire)

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New Research Reveals Critical Gaps in Web App and API Security as Attack Complexity Grows

Despite widespread security adoption, organizations struggle to keep pace with rapid API expansion, multi-cloud challenges, and increasingly sophisticated cyberattacks, highlighting the pressing need for consolidated and automated defense solutions.

SAN FRANCISCO–(BUSINESS WIRE)–Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, in partnership with Informa TechTarget’s Enterprise Strategy Group (ESG), released a new study today revealing significant challenges for cybersecurity professionals as they combat the rapidly evolving application security landscape. The report, “Balancing Requirements for Application Protection,” based on insights from 383 cybersecurity and IT professionals in North America, underscores the escalating difficulties in securing rapidly expanding web applications and APIs amid growing cyber threats.

With organizations increasingly dependent on applications and APIs to generate revenue, the digital landscape is expanding at an unprecedented rate. On average, the surveyed experts project a 39% increase in the number of web applications and websites within the next two years, rising from an average of 145 to 201 per organization. Furthermore, API usage is expected to surge, with the percentage of respondents anticipating that more than half of their applications will use APIs increasing from 32% to 80% in the same period. As a result, security teams are grappling with agile development cycles and the widespread adoption of cloud infrastructure, making it increasingly challenging to maintain robust defenses.

As application security becomes critical, the risks have also increased. According to the study, 57% of midmarket and enterprise organizations have experienced web application and/or API attacks exploiting lesser-known vulnerabilities in the last 24 months.

Despite 92% of organizations implementing at least one web application firewall (WAF), 67% rely on multiple WAFs from different vendors. This fragmentation is largely due to multi-cloud complexities and feature-specific requirements, signaling a critical need for consolidated, next-generation security solutions capable of covering diverse environments, from cloud to on-premises and hybrid infrastructures.

“The rapid growth of APIs has fundamentally changed application environments and introduced significant security and governance challenges, from misconfigurations to API injection and volumetric DDoS attacks. Yet as organizations have layered multiple WAFs and bot management tools to address these risks, complexity has grown,” said John Grady, principal analyst at TechTarget’s Enterprise Strategy Group. “We’ve reached a tipping point where adding different security tools provides diminishing returns. Cybersecurity and IT teams should be looking at ways to simplify operations and improve security by consolidating solutions that offer both automation and specialized protection from a wide range of threats.”

The research also highlights a troubling trend: 45% of organizations that experienced a DDoS attack reported it as part of a diversion tactic in a larger, more coordinated assault. Shockingly, 70% of these diversions succeeded, resulting in significant operational disruptions and data loss. As attackers continue to innovate, organizations are increasingly turning toward automated solutions to counter these evolving threats. However, concerns remain—59% of IT professionals believe that cyber adversaries have the upper hand in leveraging AI for attacks.

“Speed is critical in application security, and automated attacks demand equally fast automated defenses to ensure privacy and security regulations are met and user information is protected,” said Fernando Medrano, Deputy Chief Information Security Officer at Fastly. “As web applications and APIs continue to grow in prominence, organizations need to consider integrating security into the product development process early on rather than treat it as an afterthought.”

To access the full report and explore how businesses are consolidating tools and shifting spending in response to high-profile cybersecurity incidents, click here. For additional insights from Fastly about the report findings and strategies for strengthening security, visit our blog.

About the Research

ESG surveyed 383 cybersecurity and IT professionals involved in securing their organizations’ web applications in both midmarket and enterprise organizations across the United States and Canada. The interviews were conducted via an online survey between Nov. 1 and Nov. 14, 2024.

About Fastly, Inc.

Fastly’s powerful and programmable edge cloud platform helps the world’s top brands deliver online experiences that are fast, safe, and engaging through edge compute, delivery, security, and observability offerings that improve site performance, enhance security, and empower innovation at global scale. Compared to other providers, Fastly’s powerful, high-performance, and modern platform architecture empowers developers to deliver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, Neiman Marcus, Universal Music Group, and SeatGeek. Learn more about Fastly at https://www.fastly.com, and follow us @fastly.

Source: Fastly, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204491642/en/

Media Contact

Spring Harris

[email protected]

Investor Contact

Vernon Essi, Jr.

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Data Management Security Apps/Applications Technology Software Networks Internet

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Job Growth in U.S. Small Businesses Continues the Pace Seen in the Back Half of 2024

Hourly wage growth for workers starts the new year below three percent for first time since 2021

ROCHESTER, N.Y.–(BUSINESS WIRE)–
According to the Paychex Small Business Employment Watch, the pace of job growth in U.S. small businesses with fewer than 50 employees remained slightly below 100 in January, consistent with the last six months of 2024. Meanwhile, hourly earnings growth for workers decelerated to 2.87% in January, marking its first time starting the year below three percent since 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204239786/en/

“Small businesses successfully navigated an evolving economic landscape, challenging labor market, and an election in 2024,” said John Gibson, Paychex president and CEO. “Last year delivered moderate job growth and continued moderation in wage inflation. Entering 2025, small business owners are more optimistic, but as of January that optimism hasn’t translated into accelerated job growth when compared to the last quarter of 2024.”

“With cooling wage inflation and increased optimism, the labor environment should position small businesses for continued moderate job growth in the new year,” Gibson added.

Jobs Index and Wage Data Highlights

• The national small business jobs index was 99.68 in January.

• Hourly earnings growth (2.87%) continued to moderate in January, as one-month annualized growth has been below three percent since May 2024.

• Weekly earnings growth has quickly decelerated in recent months to 2.12% in January 2025, marking its lowest level since January 2019 (2.10%). Similarly, weekly hours worked growth decreased further in January (-0.77%) to its lowest level since October 2021.

• With an index level of 100.23 in January, the Midwest remained the top region for employment growth for the eighth consecutive month. Leading the region, Indiana’s index gained 2.02 percentage points (101.67) to reclaim the top rank among states, a position the Hoosier State held for half of 2024.

• Of the four California metros analyzed, Los Angeles was the only area to report its pace of job growth slowing in January, possibly due to the impacts of significant wildfires.

• Education and Health Services (101.72) continued as the top sector for job growth for the eighth consecutive month, while the rate of job growth in the Manufacturing (97.13) industry slowed 1.12 percentage points to its lowest level since March 2021. 

More Information

For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts.

*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.

About the Paychex Small Business Employment Watch

The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost.

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves more than 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit paychex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204239786/en/

Media Contacts

Tracy Volkmann

Paychex, Inc.

Manager, Public Relations

(585) 387-6705

[email protected]

@Paychex

Emily Walsh

Highwire Public Relations

Account Executive

(914) 815-8846

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Payments Data Management Business Small Business Technology Human Resources

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According to the Paychex Small Business Employment Watch, the pace of small business job growth remained slightly below 100 in January, consistent with the last six months of 2024. (Graphic: Business Wire)

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