Market Newsdesk

Users can create websites that adapt in real-time, providing unique messaging and content tailored to each individual site visitor

NEW YORK –

Wix.com
Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally¹, today announced the launch of its AI-powered adaptive content application, designed to personalize website experiences for site visitors by generating dynamic content based on visitor characteristics and instructions, ultimately enhancing engagement and user experience.

The app leverages session details from the website to dynamically generate new content based on predefined criteria and user instructions. This allows users to determine the specific elements that influence the content’s adaptiveness, such as the visitor’s device, country, language, or whether the visitor is a returning user. They can also provide particular directives, like instructions to create engaging and sales-oriented content, guiding the AI in crafting a personalized narrative. Additionally, users can simulate different text variations easily, enabling them to visualize how the adjusted text may appear to different potential website visitors based on their selected settings before making it public. 

Users can access the adaptive content app through the Wix Editor and Wix Studio, App Market or Dashboard by searching for “adaptive” in the App Market. Once the app is installed, they can set the adaptive logic by selecting from a variety of pre-defined function templates that connect to the app’s back-end capabilities. By clicking on “Set Conditions” users are prompted with a pop-up to define the logic and conditions that would determine how content should be adapted. 

“Website personalization is now essential for delivering the relevant, engaging experiences today’s consumers expect,” said Muly Gelman, Senior Product Manager at Wix Personalize. “This application highlights how we can move beyond using AI to generate website content but leverage AI to dynamically adapt and personalize the live website experience for each visitor in real-time, empowering businesses to connect more effectively with their customers. As a result, businesses can deliver engaging, personalized experiences that resonate with their audience, ultimately driving higher engagement rates and creating greater monetization opportunities.”

The adaptive content application complements recently released  Wix Functions and Wix Automations. These tools  automate AI-driven content generation and real-time customization while managing ongoing tasks and overcoming the limitations of traditional personalization tools that require heavy manual setup. This comprehensive suite helps businesses effortlessly optimize their operations for enhanced efficiency, while ensuring a seamless visitor experience without performance drawbacks like increased load times.

The adaptive content application is available to Wix and Wix Studio users globally in English, gradually rolling out in additional languages. 

About Wix.com Ltd.

Wix
is the leading SaaS website builder platform¹ to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

For more about Wix, please visit our Press Room
Media Relations Contact:  [email protected]  

¹ Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of H1 2024.

Attachments

• image_01_Editor
• image_02_Simulator
• image_03

ATHENS, Greece, April 23, 2025 (GLOBE NEWSWIRE) — Icon Energy Corp. (“Icon” or the “Company”) (Nasdaq: ICON), an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, (i) reports financial results for the year ended December 31, 2024, (the “Reporting Period”) and (ii) declares cash dividend of $0.07 per common share.

All share and per share amounts disclosed in this earnings release give retroactive effect, for all periods presented, to the Reverse Stock Split (as defined below) effected on April 1, 2025.

Financial Highlights for the Reporting Period

• Revenue, net of $5.3 million, compared to $4.5 million in 2023
• Operating profit of $0.2 million, compared to $1.1 million in 2023
• Net loss of $0.2 million, compared to net income of $1.2 million in 2023
• EBITDA⁽¹⁾ of $1.8 million, compared to $2.1 million in 2023

Operational Highlights

• Delivery of the Kamsarmax dry bulk carrier, M/V Bravo, in September 2024, and commencement of her period employment
• Successful closing of a term loan facility of up to $91.5 million, of which $16.5 million was drawn and the balance of up to $75.0 million may be made available for future vessel acquisitions

Cash Dividend

Icon’s Board of Directors approved a cash dividend of $0.07 per common share for the fourth quarter of 2024. The cash dividend will be paid on or around May 30, 2025, to all common shareholders of record as of May 16, 2025.

Nasdaq Compliance

The Company has received a written notification from Nasdaq, dated April 15, 2025, indicating that because the closing bid price of the Company’s common shares for 10 consecutive trading days, from April 1, 2025, to April 14, 2025, was at $1.00 per share or greater, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

Ismini Panagiotidi, Chairwoman and Chief Executive Officer of Icon, commented:

“We are pleased to share our financial results for 2024 and reflect on the key milestones of this transformational year, marked by our successful initial public offering in July and tangible progress we have made toward scaling our platform. Our fleet expanded with the delivery of our second vessel, the M/V Bravo, which entered into an 11- to 14-month charter, securing revenue generation. We also enhanced our capital structure with a new $91.5 million term loan facility, of which $16.5 million was drawn and $75.0 million is earmarked for future vessel acquisitions, reflecting the confidence of our financial partners and providing greater flexibility to pursue attractive growth opportunities.

Building on that momentum in 2025, we completed an upsized public offering, strengthening our balance sheet with gross proceeds of $12.0 million, and entered into a definitive agreement to further expand our fleet with a third vessel, the M/V Charlie, furthering our growth vision.

Meanwhile, consistent with our stated dividend policy and following the dividends paid for the second and third quarters of 2024, we are pleased to announce a dividend of $0.07 per common share for the fourth quarter of 2024.”

Financial Performance Summary

Revenue, net.
Throughout 2024 and 2023, Icon’s vessels operated under index-linked time charters. The increase in revenue, net in 2024 compared to 2023 is primarily due to the acquisition of the M/V Bravo in September 2024, which led to a higher number of Operating Days (see “Fleet Employment and Operational Data” below). That was partly counterbalanced by the year-on-year decline in dry bulk charter market rates, and the fact that the M/V Alfa was temporarily taken out of service for her scheduled drydocking. Overall, revenue, net increased by 19% reaching $5.3 million, up from $4.5 million in the comparable period. Daily TCE⁽⁴⁾ decreased to $11,440 during the Reporting Period, from $11,822 last year.

Operating profit.
In 2024 compared to 2023, costs associated with positioning the M/V Alfa for her scheduled drydocking in the third quarter of 2024 and with the delivery of the M/V Bravo in September 2024 resulted in a $0.2 million increase in voyage expenses, while Icon’s incremental obligations as a public company since July 2024 translated into a $0.3 million increase in general and administrative expenses. The expansion of the fleet with the M/V Bravo added $0.5 million to vessel operating expenses. Expressed on a daily basis, Daily OPEX⁽⁴⁾ was maintained at similar levels, averaging $5,103 in 2024 and $5,151 in 2023. Management fees increased by $0.2 million compared to last year, as a result of the enlarged fleet and the cost of changing our ship management company in January 2024. Operating profit during 2024 was $0.9 million less than in 2023, due to the foregoing reasons coupled with the $0.4 million increase in depreciation expenses resulting from the addition of the M/V Bravo and the non-cash write-off of the unamortized balance of previously deferred drydocking costs incurred upon arrival of the M/V Alfa at the shipyard for her scheduled drydocking.

Net (loss)/income.
The decrease in operating profit along with the $0.4 million increase in interest and finance costs following the $16.5 million drawdown under Icon’s new term loan facility (see “Key Events” below), turned the $1.2 million net income in 2023 to a $0.2 million net loss in 2024. EBITDA⁽⁴⁾ was $1.8 million in 2024, compared to $2.1 million in 2023.

Fleet Employment and Operational Data

Ownership Days for 2024 increased to 465.8 from 365.0 the previous year, due to the addition of Icon’s second vessel, the Kamsarmax dry bulk carrier M/V Bravo, which was delivered on September 23, 2024. Available Days increased to 434.8 from 365.0, due to the same reason, and were partly counterbalanced by the scheduled drydocking of the M/V Alfa. Utilization remained consistent at 100%.

As of December 31, 2024, Icon owned two vessels, both time-chartered by an international commodity trading conglomerate and earning floating daily hire rates linked to the Baltic Panamax Index. The Minimum Contracted Revenue⁽⁶⁾ expected to be generated by these contracts between January 1, 2025, and their respective earliest expiration dates is $4.1 million.

Key Events

Initial public offering.
On July 15, 2024, Icon successfully closed its initial public offering of 31,250 common shares, for gross proceeds of $5.0 million, before deducting underwriting discounts and other offering expenses. Icon’s common shares began trading on the Nasdaq Capital Market on July 12, 2024, under the symbol “ICON.”

Vessel Acquisition.
On August 2, 2024, Icon entered into an agreement with an unaffiliated third-party to acquire a Kamsarmax dry bulk carrier for a purchase price of $17.57 million. The vessel was successfully delivered to Icon on September 23, 2024, and was renamed M/V Bravo. The acquisition was financed with a combination of cash on hand and borrowings under Icon’s new term loan facility discussed below. Upon delivery, the vessel was chartered to an international commodity trading conglomerate for a period of 11 to 14 months, at a floating daily hire rate linked to the Baltic Panamax Index.

Vessel Drydocking.
On September 2, 2024, the M/V Alfa completed her scheduled drydocking, undergoing routine repairs and maintenance to ensure continued operational efficiency, safety, and compliance with class requirements.

Financing.
On September 19, 2024, we borrowed an amount of $16.5 million under a new term loan facility with a leading international financial institution to finance a portion of the purchase price of the M/V Bravo and to leverage the M/V Alfa. The term loan facility contains security and financial and other covenants customary for transactions of this type. It has a four-year term and outstanding amounts thereunder bear interest at 3.95% over SOFR. An additional amount of up to $75.0 million may be made available to us under the same term loan facility, in whole or in parts, to finance future vessel acquisitions. This additional amount remains uncommitted, free of interest or other fees, and we are not obliged to borrow it, or any part thereof. The terms of borrowing this additional amount, or any part thereof, will be determined at the time it is requested.

Dividends.
On September 30, 2024, we paid a cash dividend of $3.20 per common share, or $116,000 in aggregate, for the second quarter of 2024. On December 27, 2024, we paid a cash dividend of $3.40 per common share, or $123,250 in aggregate, for the third quarter of 2024.

Recent Developments

Public Offering.
On January 24, 2025, the Company, successfully completed a public offering of 229,007 units (such numbers retroactively adjusted for Reverse Stock Split, as defined below) containing common shares and warrants to purchase common shares. As of the date hereof, substantially all of the warrants have been exercised. Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, were approximately $12.0 million.

Nasdaq Minimum Bid Price.
On March 7, 2025, the Company received a written notification from Nasdaq, indicating that, because the closing bid price of its common shares for 30 consecutive trading days was below $1.00 per share, the Company was not in compliance with the Minimum Bid Price Requirement. Following the Reverse Stock Split (as defined below), the closing bid price of the Company’s common shares remained at $1.00 per share or higher for ten consecutive business days and, as such, the Company received a letter from Nasdaq on April 15, 2025, confirming that the Company regained compliance with the Minimum Bid Price Requirement.

Fleet expansion.
On March 21, 2025, the Company entered into a definitive agreement with an unaffiliated third party to bareboat charter-in, with the option to eventually purchase, a 2020-built, scrubber-fitted, Eco, Ultramax, dry bulk carrier with a carrying capacity of 63,668 dwt. Icon intends to operate the vessel under the name M/V Charlie and expects to take delivery between May and August 2025, subject to the satisfaction of certain customary closing conditions. Icon has made an advance payment of $2.75 million upon signing the agreement and will pay an additional $2.75 million upon delivery, followed by a hire rate of $7,500 per day over a three-year bareboat charter period. At the end of that period, Icon has the option to purchase the vessel for $18.0 million. Upon delivery and subject to the satisfaction of certain customary closing conditions, the M/V Charlie will be chartered to a reputable dry bulk operator for a period of 9 to 12 months, at a floating daily hire rate linked to the Baltic Supramax Index. In addition to the daily hire rate, Icon will also receive part of the fuel cost savings to be realized by the charterer through the use of the vessel’s scrubber.

Reverse stock split.
On April 1, 2025, Icon effected a reverse stock split (the “Reverse Stock Split”), whereby every 40 of its issued and outstanding common shares were automatically converted into one common share, without any change in the par value per share or the total number of common shares Icon is authorized to issue. No fractional shares were issued in connection with the Reverse Stock Split. The Reverse Stock Split did not (i) affect any common shareholder’s ownership percentage (except as a result of the cancellation of fractional shares), (ii) have any direct impact on the market capitalization of the Company or (iii) modify any voting rights or other terms of the common shares.

Dividends.
For the fourth quarter of 2024, Icon declared a cash dividend of $0.07 per common share, or $152,966 in aggregate, payable on or around May 30, 2025, to all common shareholders of record as of May 16, 2025.

About Icon

Icon is an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. Icon maintains its principal executive office in Athens, Greece, and its common shares trade on the Nasdaq Capital Market under the symbol “ICON.”

Cautionary Note Regarding Forward Looking Statements

This communication contains “forward-looking statements.” Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions that are other than statements of historical fact are forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant risks, uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, the Company cannot provide assurance that it will achieve or accomplish these expectations, beliefs or projections. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). As a result, you are cautioned not to unduly rely on any forward-looking statements, which speak only as of the date of this communication.

Factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, among other things: the Company’s future operating or financial results; the Company’s liquidity, including its ability to service any indebtedness; changes in shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics; and other factors listed from time to time in the Company’s filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.

Contact Information

Icon Energy Corp.
Dennis Psachos
Chief Financial Officer
+30 211 88 81 300
[email protected]
www.icon-nrg.com

(Please refer to Exhibit I, attached, for supplementary information)

Exhibit I

Consolidated Statements of (Loss)/Income

Condensed Consolidated Balance Sheet Data

Summarized Cash Flow Data

Significant Accounting Policies and Recent Accounting Pronouncements

A discussion of the Company’s significant accounting policies and recent accounting pronouncements can be found in Note 2 of the Company’s Unaudited Interim Condensed Consolidated Financial Statements for the nine-month periods ended September 30, 2024 and 2023, included in the Company’s most recent registration statement, filed with the SEC on Form F-1 which can be obtained free of charge on the SEC’s website at www.sec.gov. There have been no material changes to these policies in the Reporting Period.

Non-GAAP Financial Measures Definitions and Reconciliation to GAAP

To supplement our financial information presented in accordance with the United States generally accepted accounting principles (“U.S. GAAP”), we may use certain “non-GAAP financial measures” as such term is defined in Regulation G promulgated by the SEC. Generally, a non-GAAP financial measure is a numerical measure of a company’s operating performance, financial position or cash flows that excludes or includes amounts that are included in, or excluded from, the most directly comparable measure calculated and presented in accordance with U.S. GAAP. We believe non-GAAP financial measures provide investors with greater transparency and supplemental data relating to our financial condition and results of operations and, therefore, a more complete understanding of our business and financial performance than the comparable U.S. GAAP measures alone. However, non-GAAP financial measures should only be used in addition to, and not as substitutes for, the financial results presented in accordance with U.S. GAAP. Although we believe the following definitions and calculation methods are consistent with industry standards, our non-GAAP financial measures may not be directly comparable to similarly titled measures of other companies.

Earnings before Interest, Tax, Depreciation and Amortization (“EBITDA”).
EBITDA is a financial measure we calculate by deducting interest and finance costs, interest income, taxes, depreciation and amortization, from net (loss)/income. EBITDA assists our management by carving out the effects that non-operating expenses and non-cash items have on our financial results. We believe this also enhances the comparability of our operating performance between periods and against companies that may have varying capital structures, other depreciation and amortization policies, or that may be subject to different tax regulations. The following table reconciles EBITDA to the most directly comparable U.S. GAAP financial measure:

Time Charter Equivalent (“TCE”).
TCE is a measure of revenue generated over a period that accounts for the effect of the different charter types under which our vessels may be employed. TCE is calculated by deducting voyage expenses from revenue and making any other adjustments that may be required to approximate the revenue that would have been generated, had the vessels been employed under time charters. TCE is typically expressed on a daily basis (“Daily TCE”) by dividing it by Operating Days, to eliminate the effect of changes in fleet composition between periods. The following table reconciles TCE and Daily TCE to the most directly comparable U.S. GAAP financial measure:

Daily Vessel Operating Expenses (“Daily OPEX”).
Daily OPEX, is a measure of the vessel operating expenses incurred over a period divided by Ownership Days, to eliminate the effect of changes in fleet composition between periods. The following table reconciles Daily OPEX to vessel operating expenses:

Other Definitions and Methodologies

This press release refers to the terms and methodologies described below. Although we believe the following definitions and calculation methods are consistent with industry standards, these measures may not be directly comparable to similarly titled measures of other companies.

Ownership Days.
Ownership Days are the total days we owned our vessels during the relevant period. We use this to measure the size of our fleet over a period.

Available Days.
Available Days are the Ownership Days, less any days during which our vessels were unable to be used for their intended purpose as a result of scheduled maintenance, upgrades, modifications, drydockings, special or intermediate surveys, or due to change of ownership logistics, including positioning for and repositioning from such events. We use this to measure the number of days in a period during which our vessels should be capable of generating revenues.

Operating Days.
Operating Days are the Available Days, less any days during which our vessels were unable to be used for their intended purpose as a result of unforeseen events and circumstances. We use this to measure the number of days in a period during which our vessels actually generated revenues.

Vessel Utilization.
Vessel Utilization is the ratio of Operating Days to Available Days.

Average Number of Vessels.
Average Number of Vessels is the ratio of Ownership Days to calendar days in a period.

Minimum Contracted Revenue.
The amount of Minimum Contracted Revenue is estimated by reference to the contracted period and hire rate, net of charterers’ commissions but before brokerage and commercial management commissions and assuming no unforeseen off-hire days. For index-linked contracts, Minimum Contracted Revenue is estimated by reference to the average of the relevant index during the 15 days preceding the calculation date.

______________________________
¹ EBITDA is a non-GAAP financial measure. For the definitions of non-GAAP financial measures and their reconciliation to the most directly comparable financial measures calculated and presented in accordance with the United States generally accepted accounting principles, please refer to “Exhibit I—Non-GAAP Financial Measures Definitions and Reconciliation to GAAP.”
² 2024 income statement data is unaudited. 2023 income statement data derives from the audited consolidated financial statements of the respective period.
³ For the definitions of non-GAAP financial measures and their reconciliation to the most directly comparable financial measures calculated and presented in accordance with the United States generally accepted accounting principles, please refer to “Exhibit I—Non-GAAP Financial Measures Definitions and Reconciliation to GAAP.”
⁴ Daily TCE, Daily OPEX and EBITDA, are non-GAAP financial measures. For the definitions of non-GAAP financial measures and their reconciliation to the most directly comparable financial measures calculated and presented in accordance with the United States generally accepted accounting principles, please refer to “Exhibit I—Non-GAAP Financial Measures Definitions and Reconciliation to GAAP.”
⁵ For the definitions of fleet operational measures please refer to “Exhibit I—Other Definitions and Methodologies.”
⁶ For the Minimum Contracted Revenue calculation methodology please see “Exhibit I—Other Definitions and Methodologies.”
⁷ Data derives from the audited consolidated financial statements of the respective period, except for the (loss)/earnings per common share (basic and diluted) and weighted average number of shares (basic and diluted) which give retroactive effect to the Reverse Stock Split effected on April 1, 2025.
⁸ Data derives from the audited consolidated financial statements of the respective period.

Expanding the Frontiers of Regenerative Medicine

BEIJING, April 23, 2025 (GLOBE NEWSWIRE) — Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: SISI), a provider of innovative diagnostic medical products and related medical devices, announced today that on April 22, 2025, its subsidiary, Shineco Life Sciences Group Hong Kong Limited (“Shineco Life Sciences”), entered into a Share Purchase Agreement (the “SPA”) with Dr. Lim Kah Meng (the “Seller”) to acquire 51% of the equity interest in InfiniClone Limited, a company incorporated under the laws of Hong Kong that has been wholly owned held by Dr. Lim (“InfiniClone”). InfiniClone is a biotechnology company focusing on the field of regenerative medicine. Its main business covers a variety of fields, from basic research to commercial applications, with a focus on induced pluripotent stem cell technology, regenerative medicine applications and the development of cosmeceuticals.

Pursuant to the SPA, Shineco Life Sciences will acquire a 51% equity interest in InfiniClone. In consideration of the acquisition, Shineco Life Science shall pay the Seller $19,895,600 in cash and the Company shall issue and transfer 3,450,000 shares of the Company’s common stock to the Seller, subject to the terms and conditions set forth in the SPA.

InfiniClone has 29 global patents, including five invention patents, that cover major markets such as the US, Europe (the UK, Germany, France and Switzerland), and Asia (Japan, China and Singapore), which it believes gives it a competitive advantage in the field of stem cell technology. Its core technologies include cell reprogramming technology, stem cell culture based on microcarrier technology, and the establishment and management of induced pluripotent stem cells (iPSC) libraries, which it believes can increase the throughput of cell expansion by three to ten times that of existing technologies. While traditional stem cell cultures rely on expensive manual operations and consumables, InfiniClone believes its technology has the potential to significantly reduce labor and material inputs, reducing the production cost per cell by more than 60% and establishing a foundation for large-scale clinical applications. For example, in treating Parkinson’s, Alzheimer’s and stroke, traditional methods require months to grow a sufficient number of functional neurons, while InfiniClone’s technology is expected to shorten this cycle to just a few weeks, substantially reducing the time for patients to receive treatment.

InfiniClone’s founder, Dr. Lim Kah Meng, is a Doctor of Biomedical Sciences from the National University of Singapore and is a Singaporean scientist, entrepreneur and biomedical expert with over 20 years of molecular research experience in stem cell research, regenerative medicine and neuro medicine therapies. In addition, Dr. Lim is the founder of a number of biotechnology companies, including Gene Oasis PTE. LTD., Zenzic Oasis PTE. LTD., BetaLife PTE. LTD. and CanniOasis PTE. LTD. with these companies having a differentiated focus on cell therapy, stem cell production and personalized medicine.

Jennifer Zhan, the CEO of Shineco, commented, “The acquisition of a majority position of InfiniClone is a key milestone for Shineco as it launches our entry into the field of stem cell technology and regenerative medicine. InfiniClone’s unique technology, global patent protection and Dr. Lim’s professional capabilities represent core competitiveness in a high-value-added medical space, and we believe that Shineco can accelerate the transformation process of InfiniClone’s technology from laboratory to clinic. We look forward to working together with InfiniClone to solve the treatment problems of Parkinson’s, Alzheimer’s, stroke, and other major diseases, and provide innovative solutions for patients around the world.”

More complete information of the SPA is set forth in the Form 8-K and its
exhibits filed with the Securities and Exchange Commission on April 23, 2025.

About Shineco Corporation

Shineco Inc. (“Shineco” or the “Company”) aims to “focus on healthy living and improve the quality of life” by providing safe, efficient and high-quality health and medical products and services to society. Shineco, operating through subsidiaries, has researched and developed 33 kinds of in vitro diagnostic reagents and related medical devices to date, and the Company also produces and sells healthy and nutritious foods. For more information about Shineco, please visit www.biosisi.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. These forward-looking statements can be identified by words such as “may,” “will,” “should,” “could,” “intend,” “expect,” “plan,” “budget,” “forecast,” “anticipate,” “believe,” “estimate,” “forecast,” “potential,” “continue,” “evaluate” or similar words. Forward-looking statements should not be relied upon as they are neither historical facts nor guarantees of future performance. Rather, they are based solely on our current beliefs, expectations and assumptions about future business, future plans and strategies, forecasts, expected events and trends, economics, and other future conditions. Examples of forward-looking statements include, among other things, our innovation and market position in our products and services, our competitive advantages, and our expectation that the 5-minute cardiac test will be one of the leading products in this field to meet the need for test results immediately upon intake. Please do not rely on any forward-looking statements. Actual results may differ materially from those indicated in historical results or forward-looking statements due to various factors, including, but not limited to, the Company’s ability to raise additional capital, its ability to maintain and grow its business, the variability of its results of operations, its ability to maintain and enhance its brand, its ability to develop and introduce new products and services, its ability to obtain all necessary regulatory approvals in the jurisdictions in which it intends to market and sell its products, Companies to be acquired, Successful integration of technology and assets into its portfolio of products and services Marketing and other business development initiatives Industry competition, general government regulations, economic conditions, impact of the COVID-19 pandemic, reliance on key personnel, attracting, hiring and retaining personnel with the technical skills and experience required to meet customer requirements and protect intellectual property. Shineco encourages you to review other factors that may affect its future performance in its filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based only on information currently available to us and are made only as of the date of this press release, and Shineco undertakes no obligation to update any forward-looking statements, except as required by applicable rules and regulations.

For more information, please contact:

Shineco, Inc.
[email protected] 
Mobile: +86-010-68130220

Precept Investor Relations LLC
David J. Rudnick
[email protected] 
Mobile: +1-646-694-8538

NEW YORK, NY, April 23, 2025 (GLOBE NEWSWIRE) — Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise”, “AEHL” or the “Company”), the majority interest owner of Kylin Cloud, a livestreaming e-commerce business in China, announced today that that on April 21, 2025, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). The Company regained compliance with NASDAQ’s requirements when the closing bid price for the Company’s Class A Ordinary Shares were at or above $1.00 for 10 consecutive business days and the matter is now closed.

About Antelope Enterprise Holdings Limited

Antelope Enterprise Holdings Limited (“Antelope Enterprise”, “AEHL” or the “Company”) engages holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co. Ltd (“Kylin Cloud”), which operates a livestreaming e-commerce business in China. Kylin Cloud provides access to over 800,000 hosts and influencers. For more information, please visit our website at  https://aehltd.com.

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of 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 include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the continued stable macroeconomic environment in the PRC, the PRC real estate, construction and technology sectors continuing to exhibit sound long-term fundamentals, our ability to bring additional ceramic tile production capacity online going forward as our business improves, our ceramic tile customers continuing to adjust to our product price increases, our ability to sustain our average selling price increases and to continue to build volume in the quarters ahead, and whether our enhanced marketing efforts will help to produce wider customer acceptance of the new price points; and our ability to continue to grow our business management, information system consulting, and online social commerce and live streaming business. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2021 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact Information:

Antelope Enterprise Holdings Limited
Xiaoying Song, Chief Financial Officer 
Email: [email protected] 

Precept Investor Relations LLC
David Rudnick, Account Manager
Email: [email protected]
Phone: +1 646-694-8538

WOODBURY, NY, April 23, 2025 (GLOBE NEWSWIRE) — Research Frontiers Inc. (Nasdaq: REFR), the inventor and licensor of SPD-SmartGlass technology, announced today that its patented SPD (Suspended Particle Device) technology is featured in the new Mercedes-Benz Vision V show car, unveiled yesterday at Auto Shanghai 2025.

Approximately 75% of the Vision V’s glazing area incorporates advanced smart glass technology, utilizing SPD film licensed by Research Frontiers and manufactured by Gauzy Ltd. (Nasdaq: GAUZ), a strategic shareholder and licensee for SPD light-control film production worldwide.

This milestone highlights the continued and growing use of SPD-SmartGlass technology across the automotive industry to meet the rising demand for comfort, energy efficiency, privacy, and personalization.

Mercedes-Benz was the first automaker to introduce SPD-SmartGlass into serial production with its MAGIC SKY CONTROL panoramic roofs, initially featured in the SLK and SL Roadster models. Since then, SPD-SmartGlass has been incorporated into multiple Mercedes production models, including the prestigious Mercedes-Maybach and S-Class, helping redefine the luxury driving experience by providing instant, tunable shading that significantly reduces unwanted cabin heat and glare.

Proven benefits of SPD-SmartGlass technology include:

• Significant cabin temperature reduction: SPD-SmartGlass can lower cabin temperatures by up to 18 degrees Fahrenheit (10 degrees Celsius) compared to conventional glass, reducing reliance on air conditioning systems and enabling AC compressors to be up to 40% smaller.
• Instant response: Unlike traditional electrochromic technologies, SPD-SmartGlass allows for virtually instantaneous adjustment to changing light and heat conditions.
• More usable cabin space: By eliminating the need for bulky mechanical sunshades, SPD-SmartGlass provides more headroom, additional interior space, and greater design flexibility for vehicle interiors.
• Energy savings and sustainability: SPD-SmartGlass reduces air conditioning loads, helps extend the driving range of internal combustion engine (ICE) and electric vehicles by up to 5.5%, and can reduce CO2 emissions in vehicles by up to 4 grams/kilometer.
• Personalized passenger experiences: Adjustable transparency allows passengers to dynamically control their environment for comfort, privacy, and immersive digital content integration.

Beyond Mercedes-Benz, SPD-SmartGlass has been adopted in production vehicles by other leading automotive brands such as Cadillac, Ferrari and McLaren. SPD technology is also integrated into various Airbus, Boeing and other aircraft, luxury yachts, high-speed and luxury trains, and architectural projects, demonstrating its versatility and superiority over competing light-control technologies.

The Mercedes-Benz Vision V show car marks the first use of Gauzy’s dual smart glass stack combining SPD and PDLC technologies into a single glass unit for the automotive industry. This innovation delivers seamless transitions between transparent, shaded, and private states across side and quarter windows, while also creating projection surfaces for digital content and flexible, adaptive privacy zones within the vehicle.

“The Mercedes-Benz Vision V is a brilliant and elegant showcase of how SPD-SmartGlass technology continues to define the future of luxury mobility,” said Joseph M. Harary, President and CEO of Research Frontiers. “We are proud that Mercedes-Benz, one of the world’s most iconic automotive brands, continues to rely on SPD-SmartGlass to deliver unparalleled passenger comfort, energy efficiency, and next-generation experiences. As the automotive industry accelerates toward electric, connected, autonomous, and personalized mobility, SPD-SmartGlass stands at the forefront of that transformation. Gauzy’s leadership and innovation in the field of advanced material science, and its global production expansion, are fueling this transformation by bringing new products and capabilities to customers such as Mercedes-Benz.”

Research Frontiers congratulates Mercedes-Benz and Gauzy on the unveiling of the Vision V and looks forward to continuing to support the growing adoption of SPD-SmartGlass technology worldwide.

About Research Frontiers

Research Frontiers (Nasdaq: REFR) is a publicly traded technology company and the developer of patented SPD-Smart light-control film technology which allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically. Research Frontiers has licensed its smart glass technology to numerous companies that include well known chemical, material science and glass companies. Products using Research Frontiers’ smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings. For more information, please visit our website at www.SmartGlass.com, and on Facebook, Twitter, LinkedIn and YouTube.

Note: From time to time Research Frontiers may issue forward-looking statements which involve risks and uncertainties. This press release contains forward-looking statements. Actual results, especially those reliant on activities by third parties, could differ and are not guaranteed. Any forward-looking statements should be considered accordingly. “SPD-Smart” and “SPD-SmartGlass” are trademarks of Research Frontiers Inc. “Magic Sky Control” and model designations are trademarks of Mercedes-Benz.

CONTACT

Joseph M. Harary
President and CEO
Research Frontiers Inc.
+1-516-364-1902
[email protected]

BOSTON, April 23, 2025 (GLOBE NEWSWIRE) — Rapid7 (NASDAQ: RPD), a leader in extended risk and threat detection, today announced the launch of Intelligence Hub, an integrated threat intelligence solution designed to provide security teams with meaningful context and actionable insights for accelerated detection and response.

Data overload is a major problem for security teams; two-thirds of SOC analysts responding to a recent survey said the number of security alerts they receive had “significantly increased” in the last three years. In addition, 70% said the number of security tools they work with had “significantly increased.”

Intelligence Hub addresses several key challenges faced by security teams, including siloed intelligence platforms, lack of context, and the inability to prioritize threats effectively. Rapid7 Labs expertly curates the data delivered through Intelligence Hub, which includes sources that are unique to Rapid7 such as the company’s honeypot data and proprietary research. Low-prevalence, high-impact indicators are rigorously verified to minimize false positives and enable automated responses. The intelligence is then delivered directly within the Rapid7 Command Platform, bringing high-fidelity, curated intelligence into the security analyst’s workflow. This approach prioritizes data that can be trusted, ensuring security teams can focus on the threats that matter most.

“Security organizations are drowning in noise, making timely responses to threats nearly impossible,” said Raj Samani, chief scientist at Rapid7. “Intelligence Hub addresses this challenge by focusing on curated intelligence, providing only the most relevant and verified indicators to enable rapid and effective action.”

In addition to curated intelligence, Intelligence Hub provides contextualized information that empowers security teams to prioritize threats based on their specific industry, geography, and vulnerabilities, as well as the tactics and techniques of threat actors along with a clearly defined methodology for attribution. This allows for targeted remediation and effective resource allocation.

Key Benefits of Intelligence Hub:

• Integrates seamlessly with workflows: Delivers actionable intelligence directly within customers’ existing Command Platform tools—such as Rapid7’s next-gen SIEM, InsightIDR—eliminating context switching and accelerating response.
• Cuts through the noise: Surfaces only the most relevant threats based on active attacker campaigns, industry targeting, and exploitability.
• Delivers high-fidelity intelligence: Unifies global threat intelligence expertly curated by Rapid7 Labs researchers from ingestion sources that include data from Rapid7 honeypots, open source communities, and proprietary Labs research.
• Provides meaningful context: Prioritizes relevant threats based on sector, geography, and vulnerability exploitation for proactive response.

“In IDC’s October 2024 survey of U.S. organizations, the top three challenges with threat intelligence solutions were cost (42.2%), false positives and alert fatigue (40.0%), and data quality and reliability (39.7%),” said Monika Soltysik, senior research manager at IDC. “Solution providers that are proactively addressing these challenges, like Rapid7, are making it easier for their customers to understand and secure their attack surface.”

To learn more about Intelligence Hub, click here. Rapid7 will also be demonstrating Intelligence Hub live at RSA Conference in San Francisco, April 28 – May 1.

About Rapid7

Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

Rapid7 Media Relations

Stacey Holleran
Sr. Manager, Global Communications
[email protected]
(857) 216-7804

Rapid7 Investor Contact

Elizabeth Chwalk
Vice President, Investor Relations
[email protected]
(617) 865-4277