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Triton International Announces Strategic Long-Term Partnership with Sumitomo Mitsui Finance and Leasing Company

HAMILTON, Bermuda–(BUSINESS WIRE)–
April 2, 2025– Triton International Limited (“Triton” or the “Company”) today announced a strategic long-term partnership with Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”).

As part of this transaction, SMFL has acquired a minority stake in Triton Container Finance VIII LLC, one of Triton’s leased container portfolios, and will have the option to invest in additional Triton assets over time.

Brian Sondey, Triton’s Chief Executive Officer commented, “We are excited about this investment by SMFL, a global leader in leasing and equipment finance. Over the past 60 years, SMFL has built a strong portfolio of operating assets. We look forward to growing this partnership for many years to come.”

Masaki Tachibana, SMFL’s President commented, “This transaction marks SMFL’s entry into the container leasing sector and we are very pleased that it will be in partnership with the largest container leasing business in the world.”

About Triton

Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of approximately 7 million twenty-foot equivalent units (“TEU”), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

About SMFL

Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) is a leading leasing company in Japan. It has been in business for over 60 years and has the longest business history in the Japanese leasing industry. SMFL is an equity-method affiliate of Sumitomo Mitsui Financial Group, “SMFG”, one of the three major financial groups in Japan, and Sumitomo Corporation, a leading global trading and business investment company.

Important Cautionary Information Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements include statements regarding the parties’ expectations, plans, objectives, and potential future investments. Actual results could differ materially from those expressed or implied in the forward-looking statements due to factors including, without limitation: risks related to Triton’s ability to realize the anticipated benefits of the partnership, including the possibility that such benefits will not be realized; market conditions and financial uncertainties; and other risks, many of which are described in Triton’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its annual report on Form 20-F and subsequent filings, which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Triton assumes no obligation to, and does not intend to, update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.

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Jeremy Glick

VP, Treasurer

Tel: +1 (914) 697-2900

Email: [email protected]

KEYWORDS: Bermuda Caribbean

INDUSTRY KEYWORDS: Trucking Rail Maritime Transport Logistics/Supply Chain Management Other Transport

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Webcast Alert: Olympic Steel to Announce First-Quarter 2025 Financial Results After Market Closes on May 1, 2025

Conference Call to Be Held 10:00 a.m. ET on Friday, May 2, 2025

CLEVELAND–(BUSINESS WIRE)–Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its first-quarter 2025 financial results after the market closes on May 1, 2025. A webcast to discuss these results will be held on Friday, May 2, 2025, at 10:00 a.m. Eastern Time.

Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer; Andrew Greiff, President and Chief Operating Officer; and Richard A. Manson, Chief Financial Officer. To access the webcast, please visit the Company’s website at www.olysteel.com. If you are unable to listen to the live event, the webcast will be archived and available for replay on the company’s website.

About Olympic Steel

Founded in 1954, Olympic Steel (Nasdaq: ZEUS) is a leading U.S. metals service center focused on the direct sale and value-added processing of carbon and coated sheet, plate, and coil steel products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube, bar, valves and fittings; tin plate and metal-intensive end-use products, including water treatment systems; stainless steel bollards; commercial, residential and industrial venting and air filtration systems; Wright^® brand self-dumping hoppers; metal canopy components; and EZ-Dumper^® dump inserts. Headquartered in Cleveland, Ohio, Olympic Steel operates from 54 facilities. For additional information, please visit the Company’s website at www.olysteel.com.

For additional information, please visit the Company’s website at www.olysteel.com.

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Richard A. Manson

Chief Financial Officer

(216) 672-0522

[email protected]

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS: Steel Manufacturing

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Rivian Releases Q1 2025 Production and Delivery Figures and Sets Date for First Quarter 2025 Financial Results

IRVINE, Calif.–(BUSINESS WIRE)–
Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending March 31, 2025. The company produced 14,611 vehicles at its manufacturing facility in Normal, Illinois and delivered 8,640 vehicles during the same period.

As discussed on its last earnings call, production and delivery results for the quarter are in line with Rivian’s outlook of approximately 14,000 vehicles produced and approximately 8,000 vehicles delivered. Rivian is also reaffirming its 2025 delivery range guidance of 46,000 to 51,000 vehicles.

The company also announced that on May 6th, 2025 after market close, it will release its first quarter 2025 financial results. Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be available at https://rivian-q1-earnings-webcast-2025.open-exchange.net/registration, and a replay will be available for four weeks at www.rivian.com/investors following the webcast.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the 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 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 that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our annual delivery outlook.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements 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 important factors discussed in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, and our other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

About Rivian:

Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles as well as software and services that address the entire lifecycle of the vehicle. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.

Learn more about the company, products, and careers at www.rivian.com.

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Investors: [email protected]

Media: Harry Porter, [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Automotive Manufacturing Manufacturing Vehicle Technology Automotive EV/Electric Vehicles

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Sidus Space Signs Extended and Amended Preliminary $120M Agreement with Lonestar for Lunar Data Storage Spacecraft

Agreement solidifies partnership to design, build and support six LizzieSat® lunar spacecraft, advancing secure data storage in deep space

CAPE CANAVERAL, Fla.–(BUSINESS WIRE)–
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), an innovative, agile space mission enabler, announced today the decision to move forward with, and broaden the scope of, a preliminary agreement valued at approximately $120 million with Lonestar Data Holdings. The agreement defines the collaboration between Sidus and Lonestar to design, build and provide on-orbit support for six lunar data storage spacecraft, marking a significant milestone in advancing secure, resilient data solutions beyond Earth.

The lunar spacecraft, based on Sidus’ adaptable LizzieSat® platform, will leverage cutting-edge technology to provide secure, redundant data storage for mission-critical information in deep space. As part of the contract, Sidus will oversee the design, payload integration, launch planning and on-orbit support for the spacecraft. The partnership underscores both companies’ commitment to delivering innovative space technologies that address critical customer challenges.

“This contract represents a pivotal step forward in our partnership with Lonestar, demonstrating our ability to scale the LizzieSat® platform to meet diverse and mission-critical needs, including lunar missions,” said Carol Craig, CEO of Sidus Space. “It also highlights our role as an innovative mission collaborator, delivering cost-effective solutions built on Sidus’ demonstrated space expertise. We are proud to support Lonestar and their mission to provide advanced secure data storage solutions that enable organizations to safeguard vital information beyond Earth’s bounds.”

“Following the success of our recent test flights, this partnership with Sidus Space marks a significant milestone in our journey to revolutionize data storage and disaster recovery in space,” said Chris Stott, Founder and CEO of Lonestar. “Sidus’ proven expertise, innovative approach and scalable satellite solutions are key to achieving our vision of delivering resilient, secure data storage capabilities on the Moon.”

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a space mission enabler providing flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration and testing facility and provides easy access to nearby launch facilities. For more information, visit: www.sidusspace.com.

About Lonestar® Data Holdings

Lonestar Data Holdings is a pioneering data center infrastructure company that offers a groundbreaking approach to data storage and data security. Lonestar provides resilient data storage solutions, that are compliant with data-sovereignty requirements globally, and are designed to protect critical information from cyberattack, natural disasters, and nation-state threats. After making history with the world’s first software-defined data operations on the Moon in 2024, the company continues to lead advancements in edge processing and data storage in lunar orbit, while maintaining a strong commitment to sustainability with solar-powered and carbon-neutral operations.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions, the risk that a definitive agreement with Lonestar may not be entered into and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250402686697/en/

Investor Relations

[email protected]

Media Inquiries

[email protected]

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Telecommunications Satellite Data Management Engineering Technology Aerospace Manufacturing Security

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DDC and Hewen Launch Joint Venture to Scale Ready-Made Convenience Meal Business, Backed by USD 15M Profit Commitment

Strategic partnership targets China’s booming ready-to-eat market, combining DDC’s innovative brands with Hewen’s production expertise

NEW YORK–(BUSINESS WIRE)–DDC Enterprise, Ltd. (NYSEAM: DDC), (“DayDayCook,” “DDC,” or the “Company”), a leading multi-brand Asian consumer food company, today announced a binding agreement to form a joint venture (JV) with Hewen Agricultural Technology Limited, a premium prepared-meal producer, to scale delivery of ready-to-eat (RTE) solutions for major e-commerce platforms, restaurant chains, and direct-to-consumer brands in Mainland China. Hewen has committed to generating USD 15 million in profits for the JV over the next five years, with annual dividends distributed to shareholders. The joint venture will become one of DDC’s consolidated subsidiaries and is expected to further expand its production capability and distribution network in the market.

“This partnership accelerates our mission to redefine convenience in Asian cuisine,” said Ms. Norma Chu, Chairwoman and CEO of DDC. “By combining DDC’s innovation-driven brands with Hewen’s localized production expertise, we’re poised to capture the fast growing demand for high-quality, health-focused meal solutions across China’s digital and offline ecosystem.”

“Our collaboration with DDC is a milestone in advancing China’s prepared-food industry,” added Mr. Wenbo Qin, CEO of Hewen. “With shared values in quality and scalability, this JV will set new benchmarks for culinary excellence and operational efficiency in the RTE sector.”

Pursuant to the binding term sheet, Hewen committed to leverage its existing production capability and product development know-how to further expand its business reach in the market to more e-commerce platforms, major restaurant chains, and DTC brands on social platforms like Douyin (Tiktok). It also committed to DDC that the Joint Venture will have an annual profit of more than RMB 20 million (approximately USD 3 million) in 2025 and for the following 4 years. All after-tax profits of the Joint Venture will be distributed as dividends every year according to the shareholding ratio of the Joint Venture partners.

DDC will grant Hewen restricted shares. The shares will be issued within 10 business days after the Joint Venture is established. These restricted shares will be unlocked according to the actual achievement of the Joint Venture’s profit committed by Hewen over the next 5 years.

ABOUT DAYDAYCOOK

DayDayCook is on a mission to share the joy of Asian cooking culture with the world, offering a suite of accessible and healthy ready-to-eat, ready-to-cook, and ready-to-heat products that cater to the global palate. DayDayCook has evolved from a culinary content authority to a multi-brand powerhouse, curating a broad range of products that champion authenticity, nutrition, and convenience. The company’s growing portfolio includes DayDayCook, Nona Lim, Yai’s Thai, Omsom, MengWei, and Yujia Weng. Follow the Company on LinkedIn.

ABOUT HEWEN

Hewen Agricultural Technology was founded in 2015, specializes in producing pre-made and convenience meal solutions providing catering services and RTE products, emphasizing health, convenience, and premium quality. Its customer base includes renowned brands like Haidilao, Xi Bei, and Dingdong Maicai, the company delivers standardized culinary solutions while maintaining a focus on innovation and market expansion. Committed to shaping healthier trends in Chinese cuisine, it continues to strengthen its industry leadership through advanced production know-how and customer-centric offerings.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, including, for example, statements about completing definitive agreements with Huwen Agricultural Technology to form a joint venture to expand sales and distribution network in the Mainland China market, NYSE and SEC compliance, estimated revenue, margins, cash and growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Source: DDC Enterprise, Ltd.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250402115505/en/

Investors:

Jeff Ervin

[email protected]

KEYWORDS: China United States North America Asia Pacific New York

INDUSTRY KEYWORDS: Delivery Services Retail Technology Supermarket Electronic Commerce Food/Beverage

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OSI Systems Receives $4 Million Award for Patient Monitoring Solutions

HAWTHORNE, Calif.–(BUSINESS WIRE)–
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs Healthcare^®, is expanding its footprint with an existing U.S.-based customer under an agreement to provide approximately $4 million of patient monitoring solutions and related supplies and accessories to the hospital.

The agreement, which was facilitated in conjunction with a strategic partner, is part of Spacelabs’ ongoing mission to foster relationships with hospitals and health systems and help providers deliver exceptional care to their patients through near-term and long-term projects.

“We are committed to assisting organizations in modernizing their infrastructure and elevating their patient care,” said Ajay Mehra, OSI Systems President and CEO. “Healthcare organizations are being asked to do more with less, and we believe that technology can be instrumental in ensuring patients receive the care they need.”

Spacelabs is dedicated to solving challenges the healthcare system currently faces, including the need to enhance the patient experience, improve population health, reduce costs, and support care team well-being. As part of its mission, Spacelabs develops services and technologies that are personalized and tailored to support the needs of healthcare providers anywhere in the world.

About OSI Systems

OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in OSI Systems’ most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250402648335/en/

OSI Systems, Inc.

Ajay Vashishat

Vice President, Business Development

310-349-2237

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Other Manufacturing Technology Medical Supplies Hospitals Manufacturing Practice Management Hardware Health General Health

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