Palantir and Divergent Form Partnership to Revolutionize On-Demand Advanced Manufacturing

PR Newswire


Agreement provides access to Divergent’s advanced manufacturing system via Palantir’s Warp Speed platform for defense and commercial applications


DENVER and LOS ANGELES
, May 20, 2025 /PRNewswire/ — Today, Palantir Technologies Inc. (NASDAQ: PLTR) and Divergent Technologies, Inc. (Divergent) announced a strategic partnership to provide access to Divergent’s leading advanced manufacturing capabilities via Palantir’s industry-leading software platform, bringing digitally manufactured parts to Warp Speed and Foundry customers on-demand. 

The partnership provides Palantir’s defense and commercial customers with seamless access to Divergent’s digital manufacturing capabilities in production environments. With access to the Divergent Adaptive Production System (DAPS™) within Palantir’s software, customers will be able to rapidly identify emerging supply chain vulnerabilities and then directly address them through on-demand manufacturing of critical parts by Divergent.

DAPS is an end-to-end engineering design and manufacturing system leveraging AI-driven design, industrial-rate additive manufacturing, and universal robotic assembly to deliver structures that are faster to develop, higher performance, and lower cost than their conventionally designed and manufactured alternatives.

“By providing access to Divergent’s next generation manufacturing directly within Palantir’s industry leading software our customers can identify and solve production shortages and new product developments on unmatched timelines,” said Lukas Czinger, President & Chief Executive Officer of Divergent. “This partnership centers on effectively distributing high impact capability. We are bringing the power of DAPS to Palantir’s global customer base.”

“Divergent is a trailblazer in the new industrial revolution that is sweeping the US,” said Shyam Sankar, Palantir CTO. “The Divergent Adaptive Production System is a mind-bending example of what’s possible when the world’s most advanced software fuses with the world’s most advanced manufacturing. We are proud to support Divergent’s innovative operations with Warp Speed as it scales in ambition and impact.”

Palantir’s Warp Speed is the manufacturing operating system that provides the speed, flexibility, and security required for the modern manufacturer. Earlier this year, Palantir announced a second cohort of customers adopting Warp Speed to help accelerate on-shoring of American manufacturing capability.

About Palantir Technologies Inc.

Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

About Divergent

Divergent has created the world’s first end-to-end software-hardware production system for industrial digital manufacturing — the Divergent Adaptive Production System (DAPS™) — allowing customers to design, additively manufacture, and automatically assemble complex structures for aerospace, defense, and automotive applications. DAPS transforms the economics, speed, and scalability of vehicle manufacturing by optimizing designs, dematerializing structures, and eliminating upfront capex. For more information, please visit www.divergent3d.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 statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and the terms of the contract and the expected benefits of Palantir’s software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. 

These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir’s control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir’s platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir’s platforms’ reliability; and customers’ ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

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SOURCE Divergent Technologies, Inc.

Sonic Automotive Announces First Motorcycle Sale at the New Sturgis Harley-Davidson Dealership in Historic Downtown Sturgis, South Dakota

Sonic Automotive Announces First Motorcycle Sale at the New Sturgis Harley-Davidson Dealership in Historic Downtown Sturgis, South Dakota

The dealership is announcing an inaugural Founders Club in celebration of its grand opening and to welcome in the 85th Annual Sturgis Rally

CHARLOTTE, N.C.–(BUSINESS WIRE)–Sonic Automotive, Inc. (“Sonic’’ or the “Company”) (NYSE:SAH), a Fortune 300 Company and one of the nation’s largest automotive and powersports retailers, today announced the first motorcycle sale at its all-new Sturgis Harley-Davidson dealership located in the heart of downtown Sturgis, South Dakota.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520529498/en/

Dan Ostermann from Keystone, South Dakota, with his 2024 Harley-Davidson® CVO Pan America®, Tim Sutherland, Sales Manager, Sturgis Harley-Davidson

Dan Ostermann from Keystone, South Dakota, with his 2024 Harley-Davidson® CVO Pan America®, Tim Sutherland, Sales Manager, Sturgis Harley-Davidson

The Company acquired Black Hills Harley-Davidson and its four sister dealerships in the Rapid City, South Dakota, area in February 2023. After a strong 2024, Harley-Davidson awarded Sonic an additional retail franchise point, and Harley-Davidson can now sell motorcycles in downtown Sturgis for the first time in its 85-year history.

Located right off Historic Main Street, Sturgis Harley-Davidson is at the epicenter of motorcycle culture. Sturgis is a mecca for riders, and there’s now a dedicated Harley-Davidson dealership that proudly calls Sturgis home.

Keystone, South Dakota native Dan Ostermann is the proud first buyer at Sturgis Harley-Davidson. He purchased a 2024 Harley-Davidson® CVO™ Pan America®, a high-end model in Harley-Davidson’s lineup, specifically designed for adventure touring.

“We’re excited to welcome Dan to the Sturgis Harley-Davidson family,” said Tim Sutherland, Sales Manager at Sturgis Harley-Davidson. “Our passionate team looks forward to welcoming more Harley-Davidson riders to our historic location throughout the year and at this year’s 85th Rally.”

In celebration of this year’s 85th Annual Sturgis Motorcycle Rally, the new Sturgis Harley-Davidson dealership will be creating an exclusive program for enthusiasts to join Ostermann and be memorialized as part of the inaugural Sturgis Harley-Davidson Founders Club. Only the first 85 buyers will receive 1 of 85 serialized challenge coins, a commemorative patch, lifetime VIP Access to Black Hills and Sturgis Harley-Davidson activation spaces at the annual Sturgis Motorcycle Rally, and these owners will have their name added to a display that will be enshrined in the Sturgis Motorcycle Museum & Hall of Fame. Customers can go online to the website SturgisHD.com right now and pre-order their next motorcycle and join us in Sturgis to become one of these lucky Founders Club members.

“We congratulate Dan on his recent purchase and are thrilled to have him join our Sturgis Harley-Davidson family,” said David B. Smith, Chairman and CEO of Sonic Automotive. “Our team is ready to deliver exceptional experiences to more riders and enthusiasts at our newest location in the heart of Sturgis to celebrate the 85th year of this historic event.”

“We are excited to offer our full suite of Harley-Davidson motorcycles and accessories at Sturgis Harley-Davidson,” said Jeff Dyke, President of Sonic Automotive. “We don’t think there’s a better way to open the first-ever motorcycle dealership in the city of Sturgis during the 85th anniversary than to honor and commemorate the first 85 buyers with the exclusive Founders Club.”

About Sonic Automotive:

Sonic Automotive, Inc., a Fortune 300 company based in Charlotte, North Carolina, is on a quest to become the most valuable diversified automotive retail and service brand in America. Our Company culture thrives on creating, innovating, and providing industry-leading guest experiences, driven by strategic investments in technology, teammates, and ideas that ultimately fulfill ownership dreams, enrich lives, and deliver happiness to our guests and teammates. As one of the largest automotive and powersports retailers in America, we are committed to delivering on this goal while pursuing expansive growth and taking progressive measures to be the leader in these categories. Our new platforms, programs, and people are set to drive the next generation of automotive and powersports experiences. More information about Sonic Automotive can be found at sonicautomotive.com and ir.sonicautomotive.com.

For Further Information, Please Contact:

Sonic Automotive Investor Inquiries

Heath Byrd, Executive Vice President and Chief Financial Officer

Danny Wieland, Vice President, Investor Relations

[email protected]

Sonic Automotive Press Inquiries

Sonic Automotive Media Relations

[email protected]

KEYWORDS: United States North America North Carolina South Dakota

INDUSTRY KEYWORDS: Retail Motorcycles Specialty Automotive

MEDIA:

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Dan Ostermann from Keystone, South Dakota, with his 2024 Harley-Davidson® CVO Pan America®, Tim Sutherland, Sales Manager, Sturgis Harley-Davidson
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Genesco to Report First Quarter Fiscal 2026 Financial Results and Hold Conference Call on June 4, 2025

Genesco to Report First Quarter Fiscal 2026 Financial Results and Hold Conference Call on June 4, 2025

NASHVILLE, Tenn.–(BUSINESS WIRE)–
Genesco Inc. (NYSE: GCO) today announced that the Company will report financial results for the first quarter fiscal 2026 on June 4, 2025, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day.

About Genesco Inc.

Genesco Inc. (NYSE: GCO) is a footwear focused company with distinctively positioned retail and lifestyle brands and proven omnichannel capabilities offering customers the footwear they desire in engaging shopping environments, including more than 1,275 retail stores and branded e-commerce websites. Its Journeys, Little Burgundy and Schuh brands serve teens, kids and young adults with on-trend fashion footwear inspired by youth culture in the U.S., Canada and the U.K. Johnston & Murphy serves the successful, affluent man and woman with premium footwear, apparel and accessories in the U.S. and Canada, and Genesco Brands Group sells branded lifestyle footwear to leading retailers under licensed brands including Levi’s, Dockers, Starter and PONY. Founded in 1924, Genesco is based in Nashville, Tennessee. For more information on Genesco and its operating divisions, please visit www.genesco.com.

Genesco Financial Contact

Sandra Harris, SVP Finance, Chief Financial Officer

(615) 367-7578 / [email protected]

Genesco Media Contact

Claire S. McCall, Director, Corporate Relations

(615) 367-8283 / [email protected]

KEYWORDS: United States North America Tennessee

INDUSTRY KEYWORDS: Retail Online Retail Specialty Fashion

MEDIA:

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RH Announces the Appointment of Lisa Chi as President, Co-Chief Merchandising & Creative Officer

RH Announces the Appointment of Lisa Chi as President, Co-Chief Merchandising & Creative Officer

CORTE MADERA, Calif.–(BUSINESS WIRE)–
RH announced today the appointment of Lisa Chi as President, Co-Chief Merchandising & Creative Officer reporting to RH Chairman & CEO Gary Friedman. Lisa will co-lead Product Development, Merchandising, Inventory Planning, Sourcing, Manufacturing, and Marketing, across the Company’s Physical, Print, and Digital Platforms with Eri Chaya, RH President, Co-Chief Merchandising & Creative Officer and member of the RH Board of Directors.

“We are honored to welcome Lisa back to Team RH as we continue to elevate and expand our product and platform,” commented RH Chairman & CEO Gary Friedman. “Lisa’s accomplishments while at Arhaus were impressive as she led the merchandising organization during a period of rapid growth, exceeding the billion-dollar mark during her tenure.”

“I’m thrilled to be rejoining Team RH,” commented Lisa Chi, President and Co-Chief Merchandising & Creative Officer. “I am deeply grateful for the opportunity to collaborate with Gary, Eri, and the leadership team as we continue to build one of the most inspiring brands of our time.”

Lisa returns to RH from Arhaus, where she held the position of Chief Merchandising Officer, leading Product Development, Merchandising, Inventory Planning, Sourcing, Quality and Manufacturing.

Prior to Arhaus, Lisa was the Senior Vice President of Merchandising for Upholstery at RH, leading Merchandising, Inventory Planning, Sourcing and Manufacturing. Lisa also held senior merchandising roles at Talbots, Kohl’s and Lucky Brand, after beginning her retail career at Gap Inc. where she spent 10 years in various merchandise leadership positions.

Lisa is a graduate of Stanford University with a Bachelor of Arts Degree in Public Policy.

ABOUT RH

RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market. The Company offers collections through its retail galleries, sourcebooks, and online at RH.com, RHModern.RH.com, RHBabyandChild.RH.com, RHTEEN.RH.com and Waterworks.com.

PRESS CONTACT

[email protected]

INVESTOR RELATIONS CONTACT

Allison Malkin, 203.682.8225, [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Luxury Construction & Property Specialty Interior Design Home Goods Lifestyle Consumer Retail Online Retail

MEDIA:

Ferguson to Issue Third Quarter Results And Host Conference Call on June 3, 2025

Ferguson to Issue Third Quarter Results And Host Conference Call on June 3, 2025

NEWPORT NEWS, Va.–(BUSINESS WIRE)–Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announces today that it will issue its third quarter results on Tuesday, June 3, 2025. The results will be available on Ferguson’s website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. BST.

A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. BST on the same day. Participants can register for the webcast at corporate.ferguson.com.

A slide presentation that accompanies the event will be available 15 minutes prior to the start time at corporate.ferguson.com on the Events, Results and Reports page under the Investors tab. An archived version of the webcast and slide presentation will be available for 12 months after the live event.

About Ferguson

Ferguson (NYSE: FERG; LSE: FERG) is the largest value-added distributor serving the specialized professional in our $340B residential and non-residential North American construction market. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $29.6 billion (FY’24) and approximately 35,000 associates in nearly 1,800 locations. For more information, please visit corporate.ferguson.com.

Investor Inquiries

Brian Lantz

Vice President, IR and Communications

+1 224 285 2410

Pete Kennedy

Director, Investor Relations

+1 757 603 0111

Media Inquiries

Christine Dwyer

Senior Director, Communications and Public Relations

+1 757 469 5813

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Professional Services HVAC Other Construction & Property Manufacturing Finance Construction & Property

MEDIA:

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Citi Trends Sets Date for First Quarter 2025 Earnings Release and Conference Call

Citi Trends Sets Date for First Quarter 2025 Earnings Release and Conference Call

SAVANNAH, Ga.–(BUSINESS WIRE)–
Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the first quarter 2025 before the market opens on Tuesday, June 3, 2025. Citi Trends will host a conference call on the same day at 9:00 a.m. ET.

A live broadcast of Citi Trends’ conference call will be available online at the Company’s website, www.cititrends.com, under the Investor Relations section, on June 3, 2025, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779.

During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.

About Citi Trends

Citi Trends, Inc. is a leading off-price value retailer of apparel, accessories and home trends primarily for African American families in the United States. The Company operates 590 stores located in 33 states. For more information, visit www.cititrends.com or your local store.

Tom Filandro

ICR, Inc.

[email protected]

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Fashion Footwear Retail Jewelry Discount/Variety Specialty

MEDIA:

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US Foods to Present at the Deutsche Bank Access Global Consumer Conference 2025

US Foods to Present at the Deutsche Bank Access Global Consumer Conference 2025

ROSEMONT, Ill.–(BUSINESS WIRE)–
US Foods Holding Corp. (NYSE: USFD) announced today that Dave Flitman, Chief Executive Officer, and Dirk Locascio, Chief Financial Officer, will participate in a fireside chat at the Deutsche Bank Access Global Consumer Conference in Paris, France on Thursday, June 5, at 2:15 a.m. CDT or 9:15 a.m. CEST.

Media and investors can listen to a live audio webcast by visiting the Investor Relations page of the company’s website at https://ir.usfoods.com/investors/events-and-presentations/default.aspx. A replay of the webcast will be available later that same day.

About US Foods

With a promise to help its customers Make It, US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more.

INVESTOR CONTACT:

Mike Neese

847-232-5894

M[email protected]

MEDIA CONTACT:

Sara Matheu

773-580-3775

[email protected]

KEYWORDS: Europe United States North America France Illinois

INDUSTRY KEYWORDS: Retail Restaurant/Bar Transport Logistics/Supply Chain Management Supermarket Food/Beverage

MEDIA:

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Datavault AI Finalizes Strategic Acquisition of CompuSystems, Inc. Assets

Datavault AI Finalizes Strategic Acquisition of CompuSystems, Inc. Assets

  • Acquisition expected to drive 2H 2025 revenue and contribute $15 million to $20 million to 2026 revenue target and growth opportunities for both acoustic and data divisions
  • Business update call today, May 20, 2025, at 9:00 AM ET

BEAVERTON, Ore.–(BUSINESS WIRE)–
Datavault AI Inc. (Nasdaq: DVLT) (the “Company” and “Datavault AI”), a leader in AI-driven data experience, valuation and monetization, announced it expects to finalize the strategic acquisition of CompuSystems, Inc. (CSI) assets today, May 20, 2025. In alignment with this milestone, the Company will host a business update call at 9:00 AM ET, as previously announced.

“The closing of the CSI acquisition will mark a pivotal step in Datavault AI’s growth strategy,” said Nathaniel Bradley, CEO of Datavault AI. “Since the deal’s announcement, we have begun client outreach, positioning the business for strong growth. We are focused on monetizing the historical, present and future data of CSI along with transitioning the entire company to scalable, repeatable and customer first solutions. Leveraging our patented suite of Web 3.0 technologies is paramount, and we are strengthening our team with an infusion of talent and event expertise that will provide us with a stable base of clientele, events and deal flow. By using our technologies inside meaningful and highly efficacious deployments and events with CSI, our AI and machine learning will also improve. Data Vault events will expand our revenue generation in a way that we can automate, replicate and scale. Our IBM watsonxTM-powered AI platform and our Datavault AI agents will improve our customers’ satisfaction, revenue generation and spend with Datavault AI in coveted sports, entertainment and venue markets. We’ve begun to apply our patented technologies of Data Vault, Adio, and WiSA towards exploiting these markets, and we expect to benefit from the technical capabilities that afford us a competitive advantage in managing events.”

“We anticipate CSI will deliver solid revenue in 2025, comprising the majority of our 2H 2025 revenue target of $12 million to $15 million. Building on this momentum in 2026, the acquisition is expected to account for $15 million to $20 million of our target $40 million to $50 million in total revenue next year driven from a combination of DVHOLO, Adio, WiSA and Data Vault licensing and sales on our patented Information Data Exchange. I look forward to sharing more details and a broader business update during our investor call today,” added Bradley.

In conjunction with the closing, Datavault will name John Mark LoGiurato as President of the CSI Division of Datavault AI (the “CSI Division”). On May 20, 2025, in connection with Mr. LoGiurato’s appointment as President of the CSI Division, Mr. LoGiurato will be granted 500,000 units of restricted stock of Datavault AI (the “Units”) as an inducement material to Mr. LoGuirato’s entering into employment with the Company. The Units were approved by the board of directors of the Company and granted outside of the Company’s 2020 Stock Incentive Plan and 2018 Long-Term Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4). In connection with the award of Units, Mr. LoGiurato and the Company have entered into an Inducement Award Agreement for the Units, which agreement contemplates half of the Units vesting in equal 3-month installments over a 36-month period beginning June 20, 2025, and the other half of the Units vesting upon the CSI Division obtaining aggregate revenue equaling or exceeding $25 million over any trailing 12 calendar month period ending on or prior to the date that is 5 years from the grant date.

Datavault AI expects to complete the final steps outlined in the amended asset purchase agreement with CSI today. Following the transaction, CSI’s assets and operations will be fully integrated into Datavault AI’s business.

Investor Conference Call on May 20, 2025

Datavault will host an investor call to review business progress and discuss the CSI asset acquisition:

Date: Tuesday, May 20, 2025

Time: 9:00 AM ET

Webcast & Presentation: https://ir.datavaultsite.com/news-events/ir-calendar

Dial-in: 1-833-366-1124 (US), 1-412-317-0702 (Intl)

Replay Available: Webcast replay will be available approximately one hour after the end of the call and will be available for 90 days, at the above webcast link. A telephonic replay will be available through May 27, 2025, and may be accessed by calling 1- 877-344-7529 (US) or 1-412-317-0088 (Intl) and using access code 8794302.

About Datavault AI Inc.

Datavault AI Inc. (Nasdaq: DVLT) is a next-generation data licensing and monetization company. Its patented platform empowers secure data valuation, exchange, and AI-driven monetization—enabling businesses and creators to unlock the true value of their data assets across cloud, Web 3.0, and experiential computing landscapes.

Learn more at: www.dvlt.ai

About CompuSystems, Inc.

CSI is a premier provider of registration, data analytics, and lead management services for live events, offering cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate, and government event markets. With a strong focus on innovation, customer service, and sustainability, CSI is dedicated to delivering exceptional event experiences for clients and their attendees. Learn more about CSI here.

Forward Looking Statements Disclaimer

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as “expect,” “will,” “anticipates,” “estimates” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.

Investors:

[email protected]

KEYWORDS: United States North America Oregon

INDUSTRY KEYWORDS: Software Audio/Video Artificial Intelligence Data Management Consumer Electronics Technology Mobile/Wireless Other Technology

MEDIA:

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TXNM Energy Announces CFO Transition to Henry Monroy

PR Newswire

ALBUQUERQUE, N.M., May 20, 2025 /PRNewswire/ — TXNM Energy (NYSE: TXNM) announces Henry Monroy as its new Senior Vice President and Chief Financial Officer. Monroy succeeds outgoing CFO Lisa Eden, who announced her retirement late last year after 21 years with the company.

Monroy, 46, joined the company in 2003 and has most recently served as Vice President of PNM Regulatory. He has an extensive background in accounting and finance, having previously served as the company’s Vice President and Corporate Controller from 2020 until 2023, as well numerous leadership positions with the company’s accounting, revenue and budget functions. 

Monroy graduated from New Mexico State University with a bachelor’s degree in accounting and is a Certified Public Accountant in the State of New Mexico.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.


Contacts:


Analysts


Media

Lisa Goodman

Corporate Communications

(505) 241-2160

(505) 241-2743

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for TXNM Energy, Inc. (“TXNM”), Public Service Company of New Mexico (“PNM”), or Texas-New Mexico Power Company (“TNMP”) (collectively, the “Company”) that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report. TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM’s, PNM’s, and TNMP’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K, Form 10-Q filings and the information included in the Company’s Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.

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SOURCE TXNM Energy, Inc.

Trimble Introduces Trimble Materials to Enable Construction Material Procurement and Management

PR Newswire

Expands Trimble Construction One Software Suite
to Provide an End-to-End Purchasing, Inventory and Accounts Payable Software Solution


WESTMINSTER, Colo.
, May 20, 2025 /PRNewswire/ — Trimble® (Nasdaq: TRMB) announced today the launch of Trimble Materials, an end-to-end purchasing, inventory and accounts payable software solution. It is designed to help contractors gain control over material costs with enhanced budget and inventory tracking. Through its office and mobile applications, the solution connects the office, field teams, warehouse teams and suppliers to centralize and streamline the contractor’s entire purchasing and materials management process.

“Managing numerous material orders from various suppliers amidst volatile pricing and availability presents significant challenges in the construction sector,” stated Lawrence Smith, vice president and general manager of construction management solutions at Trimble. “Trimble Materials offers a cohesive solution by connecting material ordering, inventory and accounting, which is especially valuable in the face of potential changes in tariff policy. This digital streamlining empowers contractors to mitigate risks, control costs and gain a competitive edge in an evolving economic landscape.”

Connected Construction Ecosystem

Trimble Materials integrates with Trimble ERP solutions, including Viewpoint® Spectrum® and Viewpoint VistaTM to provide connectivity for contractors to develop more efficient estimating, operations and accounting management ecosystems. Trimble Materials complements Trimble’s existing construction supply chain workflows that automate the exchange of material pricing between suppliers and contractors and facilitate ordering from preferred suppliers.

With Trimble Materials, field users can easily search for and request materials, view inventory, record received materials and communicate with the office. Office users, such as project managers and purchasing teams, can more efficiently control, approve and process orders, view inventory, generate RFQs, compare quotes and reconcile invoices. A comprehensive view of these purchasing activities and spend analysis is created in one place.

Availability

Trimble Materials will be showcased at the CFMA National Conference, May 17-21, 2025. It will be available as part of the Trimble Construction One software suite for North American contractors. More information can be found at: https://www.trimble.com/en/products/trimble-materials

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it’s helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.

GTRMB

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SOURCE Trimble