Market Newsdesk

March 28, 2025 9:42 am

XTI Aerospace Announces Pricing of Public Offering

PR Newswire

ENGLEWOOD, Colo.
, March 28, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA), (“XTI” or the “Company”), a pioneer in advanced aircraft design, today announced the pricing of an underwritten public offering of 2,941,200 shares of its common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and warrants to purchase up to 2,941,200 shares of common stock at a combined public offering price of $1.36 per share (inclusive of the Pre-Funded Warrant exercise price) and associated warrant. The warrants will have an exercise price of $1.36 per share and will be immediately exercisable upon issuance for a period of five years following the date of issuance. All of the shares (or Pre-Funded Warrants) and warrants in the offering are being offered by the Company. Total gross proceeds from the offering, before deducting the underwriting discount and other offering expenses, are expected to be approximately $4 million. The offering is expected to close on March 31, 2025, subject to satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering primarily for general working capital and general corporate purposes, and the full repayment of the Company’s outstanding secured promissory notes.

ThinkEquity is acting as the sole book-running manager for the offering.

The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-279901), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024, as amended on June 14, 2024, and declared effective on June 18, 2024. The offering will be made only by means of a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41^st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About XTI Aerospace, Inc.

XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, speeds of up to 345 mph and a range of approximately 700 miles, creating an entirely new category – the vertical lift crossover airplane (VLCA). Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company’s location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit XTIAerospace.com and HangerXStudios.com (an aviation innovation podcast), and follow the Company on LinkedIn, Instagram, X, and YouTube.

Forward Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements regarding the timing and completion of the offering and XTI’s anticipated use of net proceeds from the offering are forward-looking statements.

Some of these forward-looking statements can be identified by the use of forward-looking words, including “believe,” “continue,” “could,” “would,” “will,” “estimate,” “expect,” “intend,” “plan,” “target,” “projects,” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI’s filings with the SEC, including those factors discussed under the caption “Risk Factors” in its most recent annual report on Form 10-K, filed with the SEC on April 16, 2024, and in subsequent reports filed with or furnished to the SEC.

Contacts:
General inquiries:
Email: [email protected]
Web: https://xtiaerospace.com/contact

Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
Email: [email protected]

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SOURCE XTI Aerospace, Inc.

March 28, 2025 9:42 am

TAYLOR DEVICES ANNOUNCES THIRD QUARTER AND NINE-MONTH RESULTS

PR Newswire

NORTH TONAWANDA, N.Y.
, March 28, 2025 /PRNewswire/ — Taylor Devices, Inc. (NASDAQ SmallCap: “TAYD”) announced today that it had 3^rd quarter sales of $10,564,834, down from last year’s 3^rd quarter sales of $12,254,093 while sales for the 1^st nine months were $30,731,571, also down from last year’s 1^st nine-month sales of $32,517,596.

Net earnings for the 3^rd quarter were $2,002,245, down from last year’s 3^rd quarter net earnings of $2,696,921 with net earnings for the 1^st nine months finishing at $5,725,060, also down from last year’s net earnings for the 1^st nine months of $6,526,132.

“Our FY25 3^rd quarter and 1st nine-month sales finished shy of last year’s record high levels although this year’s 1^st nine-month sales of $30.7M did eclipse our prior 2^nd highest 1^st nine-month sales of $29.5M which was set in FY23,” stated Tim Sopko, CEO. He continued, “Similarly, net earnings for the 3^rd quarter and 1^st nine months finished shy of last year’s levels, also record highs, due primarily to the lower sales volume.” He further commented, “The benefits of our Team’s excellent work on continuous improvements can be seen in our favorable gross margins even as our product mix varied vs. last year’s periods.” He continued, “Despite the headwinds we faced due to high interest rates as well as the US Government’s Continuing Resolution, the benefits of our market diversification and careful focus on stable and growing markets can be seen in our firm order backlog which finished at $33.3M at the end of this February as compared to $30,2M at the end of February last year.” He concluded, “As we enter the 4^th and final quarter of our FY25, we will continue to focus on our growth strategies supported by our continued investments in our team, technologies (R&D) and facilities which we expect will continue to support our profitable growth going forward.”

Taylor Devices, Inc. is a 69-year-old company engaged in the design, development, manufacture and marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment and structures. The company continues to target growth in the domestic Aerospace and Defense market as well as global Structural Construction and Industrial markets.

3^rd Quarter (3 months ended 02/28/25 & 02/29/24)	F/Y 25	F/Y 24
Sales	$ 10,564,834	$ 12,254,093
Net Earnings	$ 2,002,245	$ 2,696,921
Earnings per Share	$ 0.64	$ 0.82
Shares Outstanding	3,136,469	3,302,497

1^st Nine months (ended 02/28/25 & 02/29/24)	F/Y 25	F/Y 24
Sales	$ 30,731,571	$ 32,517,596
Net Earnings	$ 5,725,060	$ 6,526,132
Earnings per Share	$ 1.83	$ 1.91
Shares Outstanding	3,127,722	3,411,703

Taylor’s website can be visited at: www.taylordevices.com ; with company newsletters and other pertinent information at www.taylordevices.com/investors.

Taylor Devices, Inc.

Contact: Artie Regan

Regan & Associates, Inc.
                (212) 587-3005 (phone)
                (212) 587-3006 (fax)
              [email protected]

View original content:https://www.prnewswire.com/news-releases/taylor-devices-announces-third-quarter-and-nine-month-results-302414308.html

SOURCE Taylor Devices, Inc.

March 28, 2025 9:42 am

Enlight Announces Filing of Form 20-F For The Year Ended December 31, 2024

TEL AVIV, Israel, March 28, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”).

The annual report on Form 20-F, which contains Enlight’s audited financial statements, can be accessed at the SEC’s website at http://www.sec.gov, as well as via the Company’s investor relations website at http://www.enlightenergy.co.il/info/investors.

Enlight will provide a hard copy of its annual report on Form 20-F, including its complete audited financial statements, free of charge to its shareholders upon request.

About Enlight Renewable Energy

Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

Contacts:

Yonah Weisz
Director IR
[email protected]

Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
[email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; the potential impact of the current conflicts in Israel on our operations and financial condition and Company actions designed to mitigate such impact; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

March 28, 2025 9:40 am

Silynxcom to Co-Develop Advanced Augmented Reality Communication Solutions for the Aerospace Market

Silynxcom enters non-binding memorandum of understanding to examine integrating its tactical communications expertise with augmented reality technology to address emerging aerospace industry needs

Netanya, Israel, March 28, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, today announced that it has signed a non-binding memorandum of understanding (the “MOU”) with an augmented reality software development company to explore the joint development of innovative communication solutions for the aerospace market.

The MOU establishes a framework for the companies to collaborate on the development of next-generation products that would integrate Silynxcom’s advanced in-ear headset technology with augmented reality capabilities specifically designed for aerospace applications.

“This is an exciting opportunity to expand our technological capabilities and address aerospace applications, characterized by load environments such as aircraft cockpits,” said Nir Klein, Chief Executive Officer of Silynxcom. “By potentially combining our expertise in tactical communication systems with advanced augmented reality solutions, we aim to develop innovative products that could enhance situational awareness and communication effectiveness in demanding aerospace environments.”

This initiative aligns with Silynxcom’s ongoing innovation to expand its product offerings and market reach, building on the Company’s recent momentum in securing significant contracts across defense, law enforcement, and specialized commercial sectors. The MOU provides a phased structure for the parties to evaluate technical feasibility, market potential, and business models for potential joint product development.

About Silynxcom Ltd.

Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

For additional information about the company please visit: https://silynxcom.com

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 and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: the prospective phases of the non-binding MOU; the prospective expansion of the Company’s technological capabilities; and the Company’s aim to develop products that may enhance situational awareness and communication effectiveness in aerospace environments. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are 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.

Capital Markets & IR Contact

ARX | Capital Market Advisors
North American Equities Desk
[email protected]

March 28, 2025 9:39 am

Ford Issues 2025 Proxy Statement, Sets Virtual Annual Meeting for May 8

Ford Issues 2025 Proxy Statement, Sets Virtual Annual Meeting for May 8

DEARBORN, Mich.–(BUSINESS WIRE)–
Ford today published its 2025 proxy statement and announced the date of the company’s 2025 annual meeting of shareholders, which will be held virtually.

The annual meeting will take place online at 8:30 a.m. Eastern Time on Thursday, May 8. Shareholders can listen, vote and submit questions by logging in at www.virtualshareholdermeeting.com/FORD2025.

The proxy statement and details about the annual meeting can be viewed in the “Reports & Filings” section at shareholder.ford.com, under “Annual Reports & Proxy Statements.”

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 171,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328889510/en/

Media

Richard Binhammer

1.804.998.3281

[email protected]

Equity Investment

Community

Lynn Antipas Tyson

1.914.485.1150

[email protected]

Fixed Income Investment

Community

Jessica Vila-Goulding

1.313.248.3896

[email protected]

Shareholder

Inquiries

1.800.555.5259 or

1.313.845.8540

[email protected]

KEYWORDS: United States North America Michigan

INDUSTRY KEYWORDS: Automotive Manufacturing Manufacturing Other Automotive General Automotive Automotive

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March 28, 2025 9:37 am

Baidu, Inc. Files Its Annual Report on Form 20-F

PR Newswire

BEIJING
, March 28, 2025 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with a strong internet foundation, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on March 28, 2025 (the “Form 20-F”). The Form 20-F can be accessed on the Company’s investor relations website at http://ir.baidu.com.

The Company will provide a hard copy of the Form 20-F containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to IR Department, Baidu, Inc., Baidu Campus, No. 10, Shangdi 10th Street, Haidian District, Beijing 100085, People’s Republic of China.

The Company also published an annual report for the year ended December 31, 2024 (the “Hong Kong Annual Report”) today pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HKEx”). The Hong Kong Annual Report contains substantially the same information as set forth in the Form 20-F and can be accessed on the Company’s investor relations website at http://ir.baidu.com as well as the HKEx’s website at http://www.hkexnews.hk.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with a strong internet foundation, trading on NASDAQ under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

View original content:https://www.prnewswire.com/news-releases/baidu-inc-files-its-annual-report-on-form-20-f-302414296.html

SOURCE Baidu, Inc.

March 28, 2025 9:35 am

G’DAY, CARNIVAL ADVENTURE AND CARNIVAL ENCOUNTER! TWO SHIPS OFFICIALLY JOIN CARNIVAL FLEET IN AUSTRALIA

PR Newswire

Carnival Cruise Line is Now the Leading Cruise Operator in Australia as Global Fleet Grows to Record 29 Ships

SYDNEY
, March 28, 2025 /PRNewswire/ — Marking an exciting new chapter for Carnival Cruise Line as Australia’s leading cruise operator, Carnival Adventure and Carnival Encounter are preparing to embark on their maiden voyages, delivering more signature Carnival fun to guests departing from Sydney and Brisbane. With the addition of these two ships, Carnival Cruise Line now has the largest fleet of ships in its 53-year history, totaling 29 ships.

In Sydney, Carnival Adventure was officially welcomed into the Carnival fleet during a special celebration led by Carnival Cruise Line President Christine Duffy on Friday. A second celebratory event is taking place on Saturday in Brisbane, homeport of Carnival Encounter. On that same day, guests will be welcomed aboard from both homeports for each ship’s first Carnival sailing.

Completing the integration of P&O Australia into the Carnival brand, the ships previously known as Pacific Adventure and Pacific Encounter have been reimagined to deliver Carnival’s signature FUN while retaining some of P&O’s most-loved elements. Together with cruises on Carnival Splendor and Carnival Luminosa, Carnival expects to sail more than 500,000 guests from its Australia homeports this year.

“Our expansion in Australia demonstrates incredible enthusiasm for our brand and we’re grateful to our loyal guests who continue to drive our ongoing growth, solidifying Carnival as the world’s most popular cruise line,” said Christine Duffy, president of Carnival Cruise Line. “Doubling the fun in our Australia homeports enables us to deliver more sailing options, offer more variety and deepen our partnerships in the Sydney and Brisbane communities.”

Carnival’s industry leading HubApp is now available for guests sailing on Carnival Adventure and Carnival Encounter. Guests can use the app on personal devices to easily make dining and excursion reservations, chat with other guests and explore onboard activities. Additionally, guests sailing on the ships will join Carnival’s VIFP Club loyalty program, which offers members exclusive promotions and perks.

On board, guests can expect a unique blend of familiar, beloved dining, like Luke’s Bar & Grill, and entertainment offerings alongside Carnival’s signature experience. Carnival’s team members will create the fun and friendly atmosphere the cruise line is known to deliver across its fleet, with the Fun Squad hosting deck parties and activities. A range of additional Carnival experiences and activities have been added as well, from comedy shows and 80s Rock and Glow nights for adults to Build-A-Bear workshops, Seuss at Sea and Camp Ocean for children.

To see Carnival Adventure sailings currently available from Sydney, click here; and for a look at Carnival Encounter cruises from Brisbane, click here. All sailings from Australia can be viewed here.

For additional information on Carnival Cruise Line and to book a cruise vacation, call 1-800-CARNIVAL, visit www.carnival.com, or contact your favorite travel advisor or online travel site.

ABOUT CARNIVAL CRUISE LINE
Carnival Cruise Line, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is the first cruise line to sail over 100 million guests and is proud to be known as America’s Cruise Line, for carrying more Americans and serving more U.S. homeports than any other. Since its founding in 1972, Carnival has continually revolutionized the cruise industry and popularized the cruise vacation as an affordable and fun travel option. Carnival operates from 13 U.S. and two Australian homeports, as well as seasonally from Europe and employs more than 50,000 team members representing 120 nationalities.

Carnival’s fleet of 29 ships reflects an exciting period of growth that continues with the addition of five new ships through 2033, including a fourth and fifth Excel class ship scheduled for 2027 and 2028 respectively; followed by three additional new ships from an innovative new class currently under development. Carnival’s next new guest offering will be the all-new exclusive destination, Celebration Key, set to debut on Grand Bahama this July.

View original content to download multimedia:https://www.prnewswire.com/news-releases/gday-carnival-adventure-and-carnival-encounter-two-ships-officially-join-carnival-fleet-in-australia-302414253.html

SOURCE Carnival Cruise Line

March 28, 2025 9:34 am

Gates Expands Data Center Cooling Portfolio with Breakthrough Large-Diameter Hose

PR Newswire

Data Master™ MegaFlex™ is the first-of-its-kind large-diameter hose that combines ultra-
flexibility with coolant compatibility for the demanding high-density digital infrastructure

DENVER
, March 28, 2025 /PRNewswire/ — Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Data Master MegaFlex. This groundbreaking large-diameter cooling hose expands the company’s data center product portfolio, joining the Data Master™ small-diameter hose, which launched in 2024. The Data Master MegaFlex unlocks new opportunities within data centers and will enable Gates to serve a broader set of customers in today’s digital-first world.

With the introduction of Data Master MegaFlex, Gates delivers a high-performance solution specifically created for high-flow supply of liquid cooling systems in data centers. Designed to handle the intense thermal loads of high-density server environments, this large-diameter hose is ideal for critical connections where efficient, large-volume coolant transfer is essential, such as those between cooling distribution units (CDUs) or rack manifolds.

“At Gates, we are committed to anticipating and innovating for the ever-evolving challenges of data center applications,” Gates CEO, Ivo Jurek shared. “Data Master MegaFlex exemplifies our ability to combine our application expertise, industry-leading engineering, and advancing materials science investments to redefine data center cooling market’s expectations.”

Created with Gates® MegaFlex™ engineered solution, this innovation allows the hose to bend to an extremely tight radius without kinking or restricting flow. Traditional large-diameter hoses are often rigid and difficult to install, requiring additional space and fittings that increase cost and complexity. Data Master MegaFlex overcomes these challenges with up to 75% tighter minimum bend radius than competitive alternatives—enabling easier installations, cleaner layouts, and greater design flexibility in high-density environments.

This large-diameter offering ranges in size from 1.25″ to 2″ enabling higher-volume, faster coolant flow to maximize heat transfer and minimize system strain. Leveraging Gates advanced materials science expertise, the Data Master MegaFlex is engineered with a peroxide-cured EPDM tube, which offers excellent compatibility with multiple coolant types, including PG25 ensuring coolant purity in high-stress, closed-loop systems. This material advantage supports system longevity and reduces the risk of performance degradation over time, an essential requirement of liquid-cooled data centers.

The Data Master MegaFlex reinforces the company’s commitment to pioneering innovation in data center cooling, solidifying Gates role as a trusted partner for next-generation data center infrastructure. The Data Master MegaFlex cooling hose will be available beginning April 2025. For more information about Gates Data Center Solutions or to speak with an expert, please visit gates.com/datacentersolutions.

About Gates Industrial Corporation
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to OEMs as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries to everyday consumer applications, including virtually every form of transportation. Our products are sold in more than 130 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India. For more information, visit gates.com.

Forward-Looking Statements
This press release contains 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. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. These statements include, but are not limited to, statements related to expectations regarding the performance of the Company’s business and financial results (including our ability to drive margin improvements, our capital deployment optionality, and the impact from investments in our business), and statements regarding our outlook for 2025. Such forward-looking statements are subject to various risks and uncertainties, including, among others, economic, political and other risks associated with international operations (including the imposition of tariffs), risks inherent to the manufacturing industry, macroeconomic factors beyond the Company’s control (including material and logistics availability, inflation, supply chain and labor challenges and end-market recovery), risks related to catastrophic events, continued operation of our manufacturing facilities, including as a result of cybersecurity attacks, our ability to forecast and meet demand and market acceptance of new products. Additional factors that could cause the Company’s results to differ materially from those described in the forward-looking statements can be found under the section entitled “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, which is expected to be filed with the Securities and Exchange Commission on or about the date of this presentation, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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SOURCE Gates Corporation

March 28, 2025 9:33 am

PTC Therapeutics Provides Regulatory Update on Translarna™ (ataluren) in Europe

PR Newswire

WARREN, N.J.
, March 28, 2025 /PRNewswire/ — PTC Therapeutics, Inc. (NASDAQ: PTCT) announced today that the European Commission (EC) has adopted the opinion of the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) to not renew the authorization of Translarna™ (ataluren) for the treatment of nonsense mutation Duchenne muscular dystrophy. While this action effectively removes the drug’s conditional marketing authorization in the European Economic Area, the EC indicated that individual countries within the European Union can leverage Articles 117(3) and 5(1) of the EU Directive 2001/83 to allow continued use of Translarna.

“We are of course disappointed that after this prolonged period of review the European Commission has decided to adopt the CHMP negative opinion on Translarna,” said Matthew B. Klein, M.D., Chief Executive Officer, PTC Therapeutics. “The EC’s indication that European Union member states have a mechanism to maintain treatment speaks to the safety, benefit and lack of alternative therapies for boys and young men with nonsense mutation Duchenne muscular dystrophy. We look forward to working on a country-by-country basis to provide commercial drug where possible.”

About Translarna™ (ataluren)
Translarna (ataluren), discovered and developed by PTC Therapeutics, is a protein restoration therapy designed to enable the formation of a functioning protein in patients with genetic disorders caused by a nonsense mutation. A nonsense mutation is an alteration in the genetic code that prematurely halts the synthesis of an essential protein. The resulting disorder is determined by which protein cannot be expressed in its entirety and is no longer functional, such as dystrophin in Duchenne. Translarna, the tradename of ataluren, is licensed in multiple countries for the treatment of nonsense mutation Duchenne muscular dystrophy (nmDMD) in ambulatory patients aged 2 years and older. Ataluren is an investigational new drug in the United States.

About Duchenne Muscular Dystrophy (Duchenne)
Primarily affecting males, Duchenne is a rare and fatal genetic disorder that results in progressive muscle weakness from early childhood and leads to premature death in the mid-20’s due to heart and respiratory failure. It is a progressive muscle disorder caused by the lack of functional dystrophin protein. Dystrophin is critical to the structural stability of all muscles, including skeletal, diaphragm, and heart muscles. Patients with Duchenne can lose the ability to walk (loss of ambulation) as early as 10 years old, followed by loss of the use of their arms. Duchenne patients subsequently experience life-threatening lung complications, requiring the need for ventilation support, and heart complications in their late teens and 20s.

About PTC Therapeutics, Inc.
PTC is a global biopharmaceutical company focused on the discovery, development and commercialization of clinically differentiated medicines that provide benefits to children and adults living with rare disorders. PTC’s ability to globally commercialize products is the foundation that drives investment in a robust and diversified pipeline of transformative medicines and our mission to provide access to best-in-class treatments for patients who have an unmet medical need. The company’s strategy is to leverage its strong scientific expertise and global commercial infrastructure to maximize value for its patients and other stakeholders. To learn more about PTC, please visit us at www.ptcbio.com and follow us on Facebook, X, and LinkedIn.

For More Information:

Investors:

Ellen Cavaleri

+1 (615) 618-6228
[email protected]

Media:

Jeanine Clemente
+1 (908) 912-9406
[email protected]

Forward-Looking Statement
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. All statements contained in this release, other than statements of historic fact, are forward-looking statements, including statements regarding: the future expectations, plans and prospects for PTC, including with respect to the expected timing of clinical trials and studies, availability of data, regulatory submissions and responses, commercialization and other matters with respect to its products and product candidates; the clinical utility and potential advantages of Translarna (ataluren); PTC’s strategy, future operations, future financial position, future revenues, projected costs; the extent, timing and financial aspects of our strategic pipeline prioritization and reductions in workforce; and the objectives of management. Other forward-looking statements may be identified by the words, “guidance”, “plan,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions.

PTC’s actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements it makes as a result of a variety of risks and uncertainties, including those related to: the outcome of pricing, coverage and reimbursement negotiations with third party payors for PTC’s products or product candidates that PTC commercializes or may commercialize in the future; PTC’s ability to maintain its marketing authorization of Translarna for the treatment of nmDMD in Brazil, Russia and other regions; PTC’s ability to identify other potential mechanisms by which it may provide Translarna to nmDMD patients in the EEA; whether healthcare professionals agree with PTC’s interpretation of the results of clinical trials and the totality of clinical data from PTC’s trials in Translarna; significant business effects, including the effects of industry, market, economic, political or regulatory conditions; changes in tax and other laws, regulations, rates and policies; the eligible patient base and commercial potential of PTC’s products and product candidates; PTC’s scientific approach and general development progress; and the factors discussed in the “Risk Factors” section of PTC’s most recent Annual Report on Form 10-K, as well as any updates to these risk factors filed from time to time in PTC’s other filings with the SEC. You are urged to carefully consider all such factors.

As with any pharmaceutical under development, there are significant risks in the development, regulatory approval and commercialization of new products. There are no guarantees that any product will receive or maintain regulatory approval in any territory, or prove to be commercially successful, including Translarna.

The forward-looking statements contained herein represent PTC’s views only as of the date of this press release and PTC does not undertake or plan to update or revise any such forward-looking statements to reflect actual results or changes in plans, prospects, assumptions, estimates or projections, or other circumstances occurring after the date of this press release except as required by law.

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SOURCE PTC Therapeutics, Inc.

March 28, 2025 9:29 am

Local Bounti to Release Full Year 2024 Financial Results on Monday, March 31, 2025

PR Newswire

HAMILTON, Mont.
, March 28, 2025 /PRNewswire/ — Local Bounti Corporation (NYSE: LOCL) (“Local Bounti” or the “Company”), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025.

Conference Call

The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, March 31, 2025. To participate on the live call, listeners in North America may dial (877) 514-3623 and international listeners may dial +1 (201) 689-8768.

In addition, the call will be broadcast live via webcast, hosted on the “Investors” section of the Company’s website at localbounti.com and will be archived online. A telephonic playback will be available through April 7, 2025. North American listeners may dial (877) 660-6853 and international listeners may dial (201) 612-7415; the passcode is 13752713.

About Local Bounti

Local Bounti is redefining indoor farming with an innovative method – its patented Stack & Flow Technology^® – that significantly improves crop turns, increases output and improves unit economics. Local Bounti operates advanced indoor growing facilities across the United States, servicing approximately 13,000 retail doors. Local Bounti grows healthy food utilizing a hybrid approach that integrates the best attributes of controlled environment agriculture with natural elements. Local Bounti’s sustainable growing methods are better for the planet, using 90% less land and 90% less water than conventional farming methods. With a mission to ‘revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce and nourishing communities everywhere for generations to come,’ Local Bounti’s food is fresher, more nutritious, and lasts longer than traditional agriculture. To find out more, visit localbounti.com or follow Local Bounti on LinkedIn for the latest news and developments.

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SOURCE Local Bounti