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NIH Contract Expands DLH’s Position as a Digital Transformation and Cybersecurity Leader

Company to Continue Providing Information Technology Services for National Institutes of Health

ATLANTA, Aug. 14, 2025 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of digital transformation and cyber security, science research and development, and systems engineering and integration, today announced that it has been awarded a task order valued at up to $46.9 million to continue providing information technology services including enterprise IT systems management, cyber security, software development, cloud computing, and more to the National Institutes of Health’s Office of Information Technology (“OIT”). OIT plays a central role in providing and supporting the information technology resources necessary to execute NIH’s critical health missions.

“With our unique position at the intersection of scientific research and advanced technology, DLH remains a natural partner for innovation alongside the National Institutes of Health,” said Zach Parker, DLH President and CEO. “DLH engineers, application developers, and IT will continue to bring their industry-leading information technology, systems integration, and customer support expertise to provide crucial support for this customer while also asked to conduct technology assessments and impact strategic modernization plans.”

This $46.9 million task order includes a base period and multiple options aggregating to a three-year period of performance. Through this award, DLH will leverage a comprehensive suite of digital transformation and cyber security solutions to support approximately 7,000 end-customers. As part of this new effort, DLH will design and implement a cloud migration strategy built on partnerships with leading commercial CSP vendors including Azure, AWS, and Google.

“DLH will continue to test, validate, refine, and incubate bold new ideas and innovation on behalf of the vital work our customers carry out,” said Diane Yarnell, President, Health IT. “Our experts deliver full project management life-cycle solutions to modernize IT, improve the customer experience and business processes, optimize systems, train personnel, and integrate emerging technologies such as artificial intelligence.”

About DLH

DLH (NASDAQ: DLHC) enhances technology, public health, and cyber security readiness missions through science, technology, cyber, and engineering solutions and services. Our experts solve some of the most complex and critical missions faced by customers today, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With over 2,400 employees dedicated to the idea that “Your Mission is Our Passion,” DLH brings a unique combination of technology, innovation, and world-class expertise, to improve lives across the globe. For more information, visit www.DLHcorp.com.


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management “believes”, “expects”, “anticipates”, “plans”, “intends” and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or DLH’s actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding estimates of future revenues, operating income, earnings and cash flow. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements made in this release due to a variety of factors, including: the risk that we will not realize the anticipated benefits of acquisitions (including anticipated future financial performance and results); the diversion of management’s attention from normal daily operations of the business and the challenges of managing larger and more widespread operations; the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2024 as well as subsequent reports filed thereafter. The forward-looking statements contained herein are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and business.

Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating forward-looking statements, except as may be required by law.

CONTACTS:

INVESTOR RELATIONS
Contact: Chris Witty
Phone: 646-438-9385
Email: [email protected]



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U.S. Drone Land Surveying Market Expected to Reach $6.59 Billion By End Of 2033

PR Newswire


MarketNewsUpdates


News Commentary


NEW YORK
, Aug. 14, 2025 /PRNewswire/ — The global drone market is poised to become one of the most important and fastest-growing markets across other major industries. Drone surveying is an important segment/service provided by drone services companies. Among other drone surveying services, drone land surveying services command the largest demand.  The demand for drone land surveying services is increasing and the market players have been receiving demand across different sectors such as energy, construction, mining, agriculture, and transportation among others. The market players are betting huge, specifically on the agriculture and energy market to contribute most to their overall demand in the coming future.  Governments across the globe are spending huge amounts of money on infrastructural development and drone surveying companies are playing an important role by providing easy, precise, and quick services.  A report from Fact.MR said that: “The global drone land surveying market is estimated to achieve a valuation of US$ 761.1 million in 2023. The market is expected to further grow at a CAGR of 24.1% over the next 10 years and is set to enjoy a market value of US$ 6593.8 million by the end of 2033.  The market accounts for 53% of the total drone surveying market, and 11.3% of the total drone service market.”  Active Companies in the Drone Industry today include ZenaTech, Inc. (NASDAQ: ZENA), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Safe Pro Group Inc. (NASDAQ: SPAI), AIRO Group Holdings, Inc. (NASDAQ: AIRO), ParaZero Technologies Ltd. (NASDAQ: PRZO).

Fact.MR continued: “Before starting any kind of infrastructural development, a company/government has to decide the area/land where the construction will be done. Once the land/area is decided, a survey will be taken out by the drone land surveying companies to identify the total area of the land, then the drone will take multiple photos and videos from different angles, and ultimately convert those captured images/videos into meaningful insights. The drone land surveying companies cover projects like roads, railways, bridges, and dams among others.  In comparison to the traditional way of surveying, drone surveying takes less amount of time and money, and also deliver transparent and precise deliverable in a quick time. As a result, drone land surveying companies are witnessing increased demand for their services.”

ZenaTech
(NASDAQ:ZENA)
Signs Offer to Acquire a Flight School Enabling Complex BVLOS Missions and Potential Drone as a Service (DaaS) US Government and Military Contracts – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that it has signed an offer to acquire a Florida-based FAA (Federal Aviation Authority) certified flight school that trains professional pilots for FAA Part 61 certification to be qualified as an airplane pilot and also for complex BVLOS (Beyond Visual Line of Sight) drone pilot operations. Upon completion, the acquisition will enable the company to build an internal team of Part 61-certified pilots and be positioned as drone regulations evolve and opportunities grow in the DaaS, government, and defense markets, including military contracts that mandate a Part 61 pilot-in-command.

Today, the most common commercial drone pilot credential is Part 107, like a drone “drivers’ license” but without a flight test, it is obtained with only a written test and a few weeks of study. However, there are waivered or special flights that require additional pilot qualifications, such as when operating in restricted airspace, when coordination with air traffic control is required, and for complex BVLOS operations involving longer distances, higher risk, heavier payloads, or more challenging airspace.

“This acquisition allows us to train new pilots for our Drone as a Service business and enables our drone command centers to have qualified pilots to take on specialized commercial and major US government and military contracts,” said Shaun Passley, Ph.D., Zenatech CEO. “Preparing a qualified pilot workforce early ensures regulatory readiness, accelerates our market entry, and demonstrates our strategic commitment to future large-scale drone aviation operations and a national DaaS services network.”

Some big government or military drone jobs especially ones where the drone flies far beyond the pilot’s view (BVLOS) or in special, restricted airspace, require the person in charge of flying to be a licensed manned-aircraft pilot (a Part 61 pilot). This is often because the work is complex, involves high-risk areas, or needs close coordination with air traffic control, just like regular airplanes.

The FAA is moving toward a new system and drone rules where companies get a standing license to run BVLOS such as for specialized cargo drones, but they must prove they have the right people, training, aircraft, and procedures in place. Pilots will likely need extra BVLOS-specific credentials and larger drones may push the FAA to require Part 61-level training for the people in command.

The ZenaDrone 1000, a medium-sized (12’x7′) VTOL (Vertical Takeoff and Landing) capable of carrying ~40 kg with AI-enabled autonomy, secure communications via its proprietary DroneNet system, and rugged construction. It is designed for BVLOS (Beyond Visual Line of Sight) use, specialized cargo deliveries, inspections, and precision agriculture applications. Defense applications include ISR- Inspection, Surveillance, and Reconnaissance applications, and the company has completed paid trials with both the US Air Force and Navy Reserve for critical field cargo delivery (e.g., blood). The company is also working on a gas-powered version for longer flight times for applications such as border patrol and long-distance cargo missions.  Continued…  Read this full release and additional news for ZENA by visiting:  https://www.zenatech.com/newsroom/

Other developments in the drone/UAV & Military industries include:

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in Defense, National Security and Global Markets, recently announced the launch of its redesigned corporate website at www.kratosdefense.com. The new website reflects Kratos’ bold vision and evolving identity as an agile leader delivering high-performance-per-cost systems to the warfighter—at the speed of relevance.

The site introduces Kratos’ new brand tagline, “Readiness Delivered,” which encapsulates the company’s mission-driven focus on enabling U.S. and allied defense forces to deter and defeat threats in a rapidly changing global security environment, today, affordably, and in mass.

“Our new digital presence reflects who we are today: a company that is focused on execution, delivery, and getting the job done—whether it’s hypersonics, drones, propulsion systems, or autonomous vehicles,” said Eric DeMarco, President and CEO of Kratos. “We exist to enable readiness affordably and at speed and scale, and that commitment is now front and center in how we present ourselves to our partners, customers, and future teammates.”

Safe Pro Group Inc. (NASDAQ: SPAI) (“Safe Pro” or the “Company”), a leader in artificial intelligence (AI)-powered defense and security solutions recently announced the continued expansion of the patent protection of its AI-powered computer vision technology designed to detect small explosive threats in drone-based video and imagery, having received notice of official publication of its international applications in Australia, Israel and the European region.

Publication of Safe Pro Group’s international patent applications in Australia, Israel, and Europe under the Patent Cooperation Treaty (PCT) is a critical step in advancing the Company’s global intellectual property (IP) protection strategy and enhancing long-term shareholder value. Publication puts the market on notice that Safe Pro is securing exclusive rights to its AI-powered explosives detection systems and warns competitors that continuing development of similar technologies could result in future infringement liabilities.

Aspen Avionics, a wholly owned subsidiary of AIRO Group Holdings, Inc. (NASDAQ: AIRO), is proud to announce that its NexNav® Mini GPS-SBAS Receiver Circuit Card Assembly (CCA) has been selected by Joby Aviation for integration into the Vehicle Navigation Computer (VNC) of its electric vertical takeoff and landing (eVTOL) aircraft.

The NexNav Mini GPS-SBAS Receiver CCA is FAA TSO-C204 Class Beta 1 authorized and delivers high-integrity position, velocity, and precise time data to the VNC—mission-critical for autonomous navigation and advanced flight safety systems.

ParaZero Technologies Ltd. (NASDAQ: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, recently announced the successful completion of a field trial for an enhanced variant of its DefendAir system, marking a significant expansion of the company’s multi-layered drone defense capabilities.

The trial, conducted in Israel, tested a new stationary net turret launcher system to provide 360 perimeter defense against hostile drones. The DefendAir system’s turret variant is integrated with an advanced optical detection and tracking system. This integration enables a fully autonomous operation—from threat detection and tracking to successful interception—representing a notable leap in the system’s overall autonomy and performance.

DISCLAIMER:  MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  MNU is NOT affiliated in any manner with any company mentioned herein.  MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  MNU’S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  MNU is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

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Contact Information:
Media Contact email: [email protected] – +1(561)486-1799

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TD Auto Finance Ranks Highest in National Non-Captive Prime Credit Dealer Satisfaction, according to J.D. Power

TD Auto Finance Ranks Highest in National Non-Captive Prime Credit Dealer Satisfaction, according to J.D. Power

CHERRY HILL, N.J.–(BUSINESS WIRE)–
For the sixth consecutive year, TD Auto Finance, a division of TD Bank, N.A., received the highest ranking in Dealer Satisfaction among National Non-Captive Prime Credit Lenders, according to the J.D. Power 2025 U.S. Dealer Financing Satisfaction Study.

“At TD Bank, we’re focused on delivering exceptional experiences that make a difference in the lives of our customers,” said Andrew Stuart, Head of U.S. Consumer Products, Auto Finance & Wealth, TD Bank. “Our TD Auto Finance team is committed to doing that with excellence and consistency, as demonstrated by this well-earned recognition. Congratulations to everyone at TD Auto Finance – and thank you for all your efforts.”

TD Auto Finance provides indirect retail financing for over 1.1 million consumers and over 6,600 franchised dealerships across the U.S. It’s the 8th largest bank auto lender and the 12th largest overall auto lender in the U.S. market.

This year, TD Auto Finance achieved an overall score of 864 out of 1,000 in the National Non-Captive Prime Credit segment1 of the J.D. Power study, 84 points ahead of the segment average. In addition, TD Auto Finance scored highest in three of the five factors measured by the study: Funding Process, Finance Provider Offerings, and E-Contracting Process.

“We’re continuing to raise the bar for our dealers, and we’re grateful to every dealer who shared their perspective in this year’s study,” said Nadir Jones, Head of TD Auto Finance. “The feedback we receive is instrumental as we continue our relentless pursuit of legendary service, enabling us to deliver retail programs that empower our dealers to better serve their customers.”

The J.D. Power 2025 U.S. Dealer Financing Satisfaction Study is based on 8,835 total evaluations from 2,172 auto dealer financial professionals across the National Non-Captive Prime Credit segment. Visit jdpower.com/awards for more details.

About TD Bank, America’s Most Convenient Bank®

TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S. by assets, providing over 10 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Instagram at www.instagram.com/TDBank_US/.

TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.

1Study was fielded from April through May 2025 and measures auto dealer satisfaction in five segments of lenders across the industry: Captive Premium—Prime; Captive Mass Market—Prime; Non-Captive National—Prime; Non-Captive Regional—Prime and Non-Captive Sub-Prime.

Media Contact

Rosette DeNomie

Communications Manager, TD Bank

[email protected]

586.876.5220

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Finance Banking Professional Services Aftermarket Automotive

MEDIA:

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Experis Named Leader in Everest Group’s 2025 U.S. IT Contingent Talent and Strategic Solutions PEAK Matrix® Assessment

PR Newswire

Recognition highlights Experis’ breadth of services, strategic partnerships, and AI-driven technology workforce solutions


MILWAUKEE
, Aug. 14, 2025 /PRNewswire/ — For the fourth year in a row, Experis®, a global leader in technology workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, has been named a Leader in Everest Group’s U.S. IT Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2025.

The report cites Experis’ ability to deliver talent across application, infrastructure, data, and automation services. Key industries served include banking, financial services, and insurance (BFSI), manufacturing, wholesale and retail trade, and healthcare. Experis’ robust managed services and specialized practice areas — including tech transformation strategy, enterprise applications, cloud and infrastructure, digital workspace, and cybersecurity — were also key factors in the recognition.

Everest Group noted Experis’:

  • Specialized Centers of Excellence (COEs) to deepen domain expertise and drive co-innovation across service segments.
  • Extensive technology partnerships with AWS, Microsoft, IBM, and others to modernize applications, prepare data for AI integration, and develop custom solutions.
  • Strong consultant development programs including on-demand learning, mentorships, and a hire-train-deploy model to build client-specific talent pools.

“It’s exciting to see Everest Group recognize us as a leader in technology workforce solutions. Our people and Centers of Excellence are at the heart of helping clients modernize, innovate, and prepare for AI-driven transformation, while our services focus — driven by our AI & Data COE and our COE for App Dev, Design, DevSecOps, and QA — is paving the way forward,” said Kye Mitchell, Head of Experis U.S. “This Leader recognition from Everest Group reinforces our commitment to driving customer success in an ever-evolving digital world.”

The assessment also recognized Experis’ significant focus on leveraging AI, analytics, and automation to enhance both client and candidate experiences:

  • For clients: Real-time visibility into talent pipelines, operational metrics and tailored labor market and talent engagement insights – with near-term plans for agentic AI-based sourcing solutions.
  • For candidates: The proprietary Experis PowerSuite™ platform delivers job-specific guidance, automated updates and real-time chatbot interaction.

“Experis has further solidified its positioning as a Leader. It showcased strong resilience in a challenging staffing market and continued to make strategic investments to further strengthen its offerings portfolio. It continued to focus on the AI, analytics, and automation space through dedicated proprietary platforms including the Experis PowerSuite™ technology stack. Its vision for expanding and building expertise in IT services through dedicated Centers of Excellence (COEs) and comprehensive talent development solutions has helped it retain its market leading position,” Priyanka Mitra, Vice President, Everest Group, said.

The PEAK Matrix® Assessment is Everest Group’s annual evaluation of contingent staffing providers based on market success, delivery capability, vision and strategy, innovation, investments, and delivery footprint. Of the 30 companies assessed, Experis is one of only seven named to the Leader category in 2025.

ABOUT EXPERIS

Experis

®
 is the global leader in IT Professional Resourcing and IT Services. Experis accelerates growth for organizations by attracting, assessing, and placing specialized technology talent into in-demand roles, delivering mission-critical projects that enhance the competitiveness of the organizations and the people we serve. Through Experis Academy, we provide intensive “business-ready” training and coaching to new graduates, as well as customized skills development to prepare existing employees for high-demand tech roles. Experis is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Talent Solutions.

For more information, visit www.experis.com, or follow us on LinkedIn.

ABOUT MANPOWERGROUP

ManpowerGroup
® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2025 ManpowerGroup was named one of the World’s Most Ethical Companies for the 16th time – all confirming our position as the brand of choice for in-demand talent.

For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.

Disclaimer
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.

About Everest Group

Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group’s PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.

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SOURCE ManpowerGroup

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Treasure Global Receives AUD 300,000 GPU Purchase Order from I Synergy Under Existing SPA

AUD 300,000 Purchase Order Kicks Off Deliveries Under August 14 Agreement; Accelerates AI Cloud Infrastructure Build-Out in Malaysia

KUALA LUMPUR, Malaysia, Aug. 14, 2025 (GLOBE NEWSWIRE) — Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services, today announced the receipt of a AUD 300,000 purchase order for high-performance graphic processing units (GPUs) and specialized AI software from I Synergy Group Limited (ASX: IS3), a Malaysian-based technology company listed on the Australian Securities Exchange.

This order marks the first execution milestone under the Sale and Purchase Agreement (SPA) signed on August 14, 2025, which provides for the supply of enterprise-grade GPUs and specialized AI software to support I Synergy’s AI-enabled blockchain and cloud platform. It also builds on Treasure Global’s AI cloud infrastructure strategy, first introduced on March 26, 2025, which focuses on enabling advanced AI workloads and cloud solutions in Malaysia.

The AUD 300,000 purchase order signifies the first successful milestone under the SPA, showcasing early revenue traction in Treasure Global’s promising AI/GPU sector and exemplifying the Company’s transition from conceptual AI strategies to tangible contracts and deliveries.

The GPUs and AI software will serve as the backbone of I Synergy’s next-generation platform, enabling AI model training, real-time data processing, and blockchain-powered applications such as its flagship WYDE system. This infrastructure will also:

  • Accelerate AI model development for e-commerce, gig economy, and digital identity applications
  • Enable blockchain-powered smart contracts and secure cloud transactions
  • Reduce reliance on third-party cloud providers by running in-house AI workloads
  • Support GPU-as-a-Service for enterprises and research partners

According to Grand View Research, the Asia-Pacific blockchain market is projected to surpass US$35 billion by 2030. As blockchain, AI, and cloud technologies converge, I Synergy is positioning itself at the forefront of this rapidly expanding sector.

“We are delivering on our strategic agreements and turning our AI infrastructure strategy into operational reality. This milestone reflects our commitment to building AI and cloud solutions that will enable Malaysia’s next phase of digital transformation while creating long-term value for our stakeholders,” said Carlson Thow, Chief Executive Officer of Treasure Global.

“Treasure Global’s proven delivery capabilities and robust technology stack give us confidence in achieving our AI-powered blockchain and cloud objectives. This order marks a pivotal step in operationalizing our platform vision and meeting the needs of Malaysia’s growing digital economy,” said Anson Heng, Managing Director of I Synergy.

This purchase order marks the first in a series of anticipated deliveries under the SPA dated August 14. Treasure Global remains focused on expanding its AI/GPU business as a growth driver and diversification stream alongside its existing technology platforms, and will continue executing its AI infrastructure strategy while pursuing opportunities that deliver value to partners, customers, and shareholders.

About Treasure Global:

Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of March 2025, ZCITY has attracted over 2.9 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.

Visit www.treasureglobal.org for more information.

About I Synergy Group

I Synergy Group Limited (ASX: IS3) is a technology-driven company transitioning beyond its affiliate marketing origins to explore new avenues for sustainable growth and innovation. With a forward-looking mindset, I Synergy is actively assessing new markets and business strategies to strengthen its relevance and impact in the evolving digital economy.

To learn more, please visit: www.i-synergygroup.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 reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.

Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.

The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

CONTACT

Investor and media contact:

Oliya Pang
PR & Communications Manager
Treasure Global Inc.
[email protected]



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Amritesh Chaudhuri Named Calix Chief Marketing Officer To Lead Go-to-Market Transformation and Prepare Customers To Win in the AI Era

Amritesh Chaudhuri Named Calix Chief Marketing Officer To Lead Go-to-Market Transformation and Prepare Customers To Win in the AI Era

With more than two decades leading growth and driving results across every facet of go-to-market, Amritesh Chaudhuri joins Calix to accelerate transformation and innovation for broadband service providers of all sizes

LONDON & SAN JOSE, Calif.–(BUSINESS WIRE)–Calix, Inc. (NYSE: CALX) today announced the appointment of Amritesh (Amrit) Chaudhuri as executive vice president and chief marketing officer. With more than 20 years of leadership spanning marketing, product, sales, and revenue operations—and over a decade of applying AI to cloud and customer experience (CX) transformation—Amrit joins as chief marketing officer to lead the entire Calix go-to-market organization, including corporate, product, field, and partner marketing. He succeeds J. Matthew (Matt) Collins, who led the Calix go-to-market and commercial operations teams as chief commercial operations officer until his passing in May 2025.

Amrit joins as Calix prepares for one of the most significant launches in its 26-year history: the third-generation Calix Broadband Platform. This latest evolution will advance the breakthrough capabilities of the existing platform, which builds on an investment of $2 billion spanning 13 years. The current Calix Broadband Platform enables broadband service providers (BSPs) of any size to simplify operations across their core functions of marketing, service, and network operations; innovate exciting experiences for their subscribers across any market; and grow their value.

The third generation of the Calix Broadband Platform will feature an evolved agentic AI architecture and introduce a legion of AI agents across all Calix solutions. This will enable groundbreaking capacity for BSPs, accelerating their transformations into broadband experience providers (BXPs).

By partnering with the award-winning Calix Success organization and adopting Calix innovation, BSPs are rapidly delivering differentiated broadband experiences. Amrit’s leadership will help to further drive their momentum and elevate their go-to-market strategies. A proven category creator and growth leader, he has held executive roles at Oracle, RingCentral, and 8×8, consistently building integrated go-to-market engines that drive scale, brand leadership, and lasting customer value.

Amrit brings to Calix:

  • Integrated growth leadership: He has led every key GTM function, aligning strategy, messaging, enablement, pricing, packaging, and adoption for maximum impact.
  • Category creation and brand elevation: Amrit has defined new market categories and advanced brand leadership in AI-powered broadband transformation.
  • Operational rigor with vision: He has built high-performance, goal-aligned teams that execute with precision and deliver measurable growth.
  • AI-driven go-to-market expertise: By launching conversational and generative AI solutions, Amrit’s leadership has helped reshape the CX market.

“Amrit brings the ideal combination of end-to-end go-to-market leadership, a customer-first mindset, and a track record of transforming teams,” said Michael Weening, president and chief executive officer at Calix. “He joins at a critical moment of opportunity for the industry and our customers, as AI is changing the game. With a proven record of scaling success across cloud and product, Amrit’s go-to-market leadership and expertise will be invaluable to BSPs as they transform their businesses leveraging the forthcoming agentic AI capabilities of our third-generation platform. We welcome him as a valued addition to our leadership team as we continue to deepen our trusted partnerships with customers.”

“I’m thrilled to join Calix at a pivotal time when its $2 billion investment over 13 years has brought the company to an unprecedented opportunity with agentic AI,” said Amrit Chaudhuri, executive vice president and chief marketing officer at Calix. “Calix isn’t just keeping pace—we’re setting the pace. With unmatched vision, talent, and resources to lead in the AI era, our platform is built to help broadband service providers of any size simplify their operations, innovate for their subscribers, and grow value for themselves and their communities. The future of broadband is here, and Calix is at the forefront. I’m proud to join a company with a long history of leading industry transformation, and excited to lead go-to-market success for customers and Calix teams.”

Meet the Calix executive leadership team and secure your spot at ConneXions 2025 for a front-row introduction to the third-generation Calix Broadband Platform.

About Calix

Calix, Inc. (NYSE: CALX)—Calix is an appliance-based platform, cloud, and managed services company. Broadband experience providers leverage Calix’s broadband platform, cloud, and managed services to simplify their operations, subscriber engagement, and services; innovate for their consumer, business, and municipal subscribers; and grow their value for members, investors, and the communities they serve.

Our end-to-end platform and managed services democratize the use of data—enabling our customers of any size to operate efficiently, acquire subscribers, and deliver exceptional experiences. Calix is dedicated to driving continuous improvement in partnership with our growing ecosystem to support the transformation of our customers and their communities.

This press release contains forward-looking statements that are based upon management’s current expectations and are inherently uncertain. Forward-looking statements are based upon information available to us as of the date of this release, and we assume no obligation to revise or update any such forward-looking statement to reflect any event or circumstance after the date of this release, except as required by law. Actual results and the timing of events could differ materially from current expectations based on risks and uncertainties affecting Calix’s business. The reader is cautioned not to rely on the forward-looking statements contained in this press release. Additional information on potential factors that could affect Calix’s results and other risks and uncertainties are detailed in its quarterly reports on Form 10-Q and Annual Report on Form 10-K filed with the SEC and available at www.sec.gov.

Calix and the Calix logo are trademarks or registered trademarks of Calix and/or its affiliates in the U.S. and other countries. A listing of Calix’s trademarks can be found at https://www.calix.com/legal/trademarks.html. Third-party trademarks mentioned are the property of their respective owners.

Press Inquiries:

Alison Crisci

[email protected] 

919-353-4323

Investor Inquiries:

Nancy Fazioli

[email protected]

KEYWORDS: North America United States Ireland United Kingdom Europe California

INDUSTRY KEYWORDS: Data Management Technology Telecommunications Software Networks Artificial Intelligence Internet

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Insperity Announces Dual Listing on NYSE Texas

Insperity Announces Dual Listing on NYSE Texas

HOUSTON–(BUSINESS WIRE)–Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions, today announced the dual listing of its common stock on NYSE Texas, the fully electronic equities exchange headquartered in Dallas. Insperity will maintain its primary listing on the New York Stock Exchange and trade with the same “NSP” ticker symbol on NYSE Texas.

“We’re proud to be a Founding Member of this innovative new platform in Texas, the state where Insperity began and has thrived since 1986,” said Paul Sarvadi, Insperity’s chairman and chief executive officer. “Insperity was founded to serve small and midsize businesses. The state’s focus on entrepreneurship and business growth, including its long-standing support of the PEO industry, makes this dual listing a natural extension of our mission to help businesses succeed so communities prosper.”

“Insperity’s premier offerings of scalable HR solutions make them a strong addition to our NYSE Texas community of Founding Members,” said Chris Taylor, Chief Development Officer, NYSE Group.

To learn more, please visit ir.insperity.com.

About Insperity

Since 1986, Insperity’s mission has been to help businesses succeed so communities prosper. Offering a suite of the most comprehensive, scalable HR solutions available in the marketplace, Insperity is defined by an unrivaled breadth and depth of services and level of care. Through an optimal blend of premium HR service and technology, Insperity delivers the administrative relief, reduced liabilities and better benefit solutions that businesses need to drive performance and growth. With 2024 revenues of $6.6 billion and more than 100 sales offices throughout the U.S., Insperity is currently making a difference in thousands of businesses and communities nationwide. For more information, visit http://www.insperity.com.

Investor Relations Contact:

James D. Allison

Executive Vice President of Finance,

Chief Financial Officer and Treasurer

281-348-3140

[email protected]

News Media Contact:

Cynthia Murga

Director, Public Relations

713-324-1414

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Semiconductor Professional Services Technology Insurance Human Resources

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Hertz Car Sales is Redefining the Test Drive and Expanding its Rent2Buy Program to 100+ Cities Nationwide

Hertz Car Sales is Redefining the Test Drive and Expanding its Rent2Buy Program to 100+ Cities Nationwide

Newly added 2025 models now available for 3-day test drives, with no pressure to buy

ESTERO, Fla.–(BUSINESS WIRE)–
Hertz Car Sales today announced the nationwide expansion of its popular Hertz Rent2Buy® program to more than 100 cities. As consumers increasingly embrace the “try before you buy” approach—from furniture to fashion—Hertz Car Sales is meeting the moment by redefining the traditional test drive. The Rent2Buy program offers thousands of well-maintained, competitively priced used vehicles—including newly added 2025 models—for an extended test drive.

Rent2Buy eliminates the pressure and guesswork of traditional car shopping by allowing customers to test drive vehicles at a low daily rate for up to three days before purchasing. In fact, 80% of those who rent through the program choose to buy the vehicle. Customers can browse online, reserve a vehicle, and take it home for a 3-day test rental. The low daily rental fee is completely waived if they decide to buy.

“Buying a car is one of life’s biggest decisions, and we believe customers deserve more than a spin around the block to make it,” said Jeff Adams, Executive Vice President of Hertz Car Sales. “Rent2Buy reflects how we’re rethinking every part of the customer experience at Hertz: giving people the time, tools, and transparency to feel confident in their choices. Whether it’s testing how a car fits into your daily life or simply making sure it feels right, Rent2Buy puts the power back in the customer’s hands, with no pressure and no surprises.”

How Rent2Buy Works:

  1. Choose your car – Browse a wide selection of vehicles online, including newly added 2025 models.
  2. Test it for 3 days – Take a complimentary 2-hour test drive or rent the car for up to 3 days at a special low rate.
  3. Make it yours – Love the car? Buy it and Hertz will waive the rental charges. In many states, you can even complete the purchase from home.

Peace of Mind Comes Standard

Every Rent2Buy vehicle is backed by a 12-month/12,000-mile limited powertrain warranty (whichever comes first), 24-hour roadside assistance, travel breakdown protection, and a 7-day/250-mile buy-back guarantee (whichever comes first)*.

Because Rent2Buy vehicles are still part of Hertz’s active rental fleet, buyers get early access to newer, lower-mileage cars, often priced below Kelley Blue Book Suggested Retail Value.

Whether you’re looking for a reliable commuter car, a family SUV, or a luxury ride, Hertz Car Sales makes it easy to find the right fit without the pressure.

*Terms apply. Visit HertzCarSales.com to learn more.

Hertz

Hertz Global Holdings Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries and licensees operate the Hertz, Dollar, Thrifty and Firefly vehicle rental brands with more than 11,000 rental locations in 160 countries around the globe, as well as the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the US, and the Hertz 24/7 car sharing business in Europe. For more information about Hertz, visit www.hertz.com.

[email protected]

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: General Automotive Other Automotive Aftermarket Automotive

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Ideal Power Reports Second Quarter 2025 Financial Results

PR Newswire


AUSTIN, Texas
, Aug. 14, 2025 /PRNewswire/ — Ideal Power Inc. (Nasdaq: IPWR) (“Ideal Power,” the “Company,” “we,” “us” or “our”), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, reports results for its second quarter ended June 30, 2025.

“Our first design win customer is nearing completion of their B-TRAN®-enabled solid-state circuit breaker (SSCB) prototype testing. Following their initial product rollout later this year, we anticipate this OEM will expand its offerings to include a suite of B-TRAN®-enabled SSCBs with a wide range of power ratings, presenting us with a significant revenue growth opportunity. Furthermore, we are now collaborating with our fourth and fifth global Tier 1 automotive suppliers as the automotive industry looks for low-loss, solid-state solutions for electric vehicle (EV) contactors. In addition, we’re thrilled that Stellantis has internally approved a purchase order for custom development and packaged B-TRAN® devices targeting multiple electric vehicle applications. This strategic win will enable multiple uses of B-TRAN® across Stellantis’ EV platforms,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power.

Key Second Quarter and Recent Operational Highlights

Execution to our B-TRAN® commercial roadmap continues, including:

  • Shipped updated solid-state circuit breaker prototypes with additional capabilities to our first design win customer. The customer is nearing completion of their SSCB prototype testing and is about to start gathering feedback on this new product from their end customers ahead of the B-TRAN®-enabled product launch later this year.
  • Entered into a collaboration with a fourth global Tier 1 automotive supplier. We anticipate they will begin evaluating B-TRAN® in the near term and our understanding is that they plan to launch a formal solid-state EV contactor program within the next few months.
  • Secured order from a fifth global Tier 1 automotive supplier for several B-TRAN®-enabled devices. The customer will evaluate these devices as part of their innovative solid-state EV contactor design implementation.
  • Stellantis’ order for custom development and packaged devices targeting multiple EV applications was approved internally with Ideal Power’s receipt pending. We remain actively engaged with Stellantis, meeting regularly with them and their program partners on both EV contactor and drivetrain inverter programs and collaborating with them on automotive qualification and related requirements.
  • Added partnership with Kaimei Electronic Corp. to distribute Ideal Power’s products to their existing and prospective customers throughout Asia, alongside their own product portfolio. Asia is the world’s largest market for power electronics, and Asian companies typically adopt new technologies faster than their European and U.S. counterparts.
  • Shipped SSCB reference designs to several large companies currently evaluating our technology for SSCB or EV contactor applications. This includes two previously announced Forbes Global 500 power management market leaders, as well as our fourth and fifth global Tier 1 automotive suppliers.
  • B-TRAN® Patent Estate: Currently at 96 issued B-TRAN® patents with 47 of those issued outside of the United States and 74 pending B-TRAN® patents. Current geographic coverage includes North America, China, Taiwan, Japan, South Korea, India, and Europe.

Second Quarter 2025 Financial Results

  • Cash used in operating and investing activities in the second quarter of 2025 was $2.5 million compared to $2.2 million in the second quarter of 2024.
  • Cash used in operating and investing activities in the first half of 2025 was $4.6 million compared to $4.2 million in the first half of 2024.
  • Cash and cash equivalents totaled $11.1 million at June 30, 2025.
  • No long-term debt was outstanding at June 30, 2025.
  • Operating expenses in the second quarter of 2025 were $3.1 million compared to $2.9 million in the second quarter of 2024 driven primarily by higher research and development spending.
  • Net loss in the second quarter of 2025 was $3.0 million compared to $2.7 million in the second quarter of 2024.

2025 Milestones

For 2025, the Company has set the following milestones:

• Secure next phase of development program with Stellantis
√ Completed deliverables in 1H 2025 related to first design win
• Capture additional design wins / custom development agreements
• Start initial sales ramp in second half of year
• Increase power rating of products
• Complete third-party automotive qualification testing

Conference Call and Webcast: Second Quarter 2025

The Company will hold a conference call on Thursday, August 14, 2025 at 10:00 AM Eastern Time to discuss its results and host a question-and-answer session. Analysts and investors may pose questions for management during the live conference call.

Interested persons may access the live conference call by dialing 888-506-0062 (U.S./Canada callers) or 973-528-0011 (international callers), using passcode 422159. It is recommended that participants call or log in 10 minutes ahead of the scheduled start time to ensure proper connection. An operator will register your name and organization. An audio replay will be available one hour after the live call until Midnight on August 28, 2025 by dialing 877-481-4010 using passcode 52771.

The live webcast and interactive Q&A will be accessible on the Company’s Q2 conference call webcast portal HERE. The webcast will be archived on the Company’s website for future viewing.

Upcoming Investor Conference

H.C. Wainwright 27th Annual Global Investment Conference in New York on September 8, 2025

Ideal Power plans to participate at the H.C. Wainwright in New York on September 8, 2025. Conference attendees are encouraged to register and request a one-on-one meeting HERE with Ideal Power on September 8 or contact your H.C. Wainwright representative.

The live, interactive webcast and slide presentation will be accessible on the Company’s Investor Relations website under the Events tab HERE. The timing of Ideal Power’s presentation webcast and additional information about this conference will be provided by the Company when it is available.

About Ideal Power Inc.

Ideal Power (NASDAQ: IPWR) is the developer and innovative provider of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology. B-TRAN® is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today’s conventional power semiconductors. Ideal Power’s B-TRAN® can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company’s website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Ideal Power’s management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements include, but are not limited to, statements regarding the pending status of our order from Stellantis for custom development enabling multiple uses of B-TRAN® across Stellantis’ EV platforms, our expectation that the OEM from our first design win will launch its first B-TRAN®-enabled product this year and expand its offering in the future to include a suite of B-TRAN®-enabled SSCBs with a wide range of power ratings, and our understanding that the fourth global Tier 1 automotive supplier we are collaborating with will launch a formal solid-state EV contactor program within the next few months. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the success of our B-TRAN® technology, including whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty the pace and timing of development and commercialization of our B-TRAN® technology, the rate and degree of market acceptance for our B-TRAN®, the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating our B-TRAN®, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.

Ideal Power Investor Relations Contact

Jeff Christensen

Darrow Associates Investor Relations
[email protected]
703-297-6917

 


IDEAL POWER INC.

Balance Sheets

(unaudited)


June 30,

2025


December 31,

2024


ASSETS

Current assets:

Cash and cash equivalents

$

11,105,553

$

15,842,850

Accounts receivable, net

8,175

692

Inventory

77,387

96,406

Prepayments and other current assets

233,528

356,658

Total current assets

11,424,643

16,296,606

Property and equipment, net

382,451

415,232

Intangible assets, net

2,681,808

2,611,998

Right of use asset

441,325

483,497

Other assets

17,789

19,351

Total assets

$

14,948,016

$

19,826,684


LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

152,715

$

104,117

Accrued expenses 

663,642

374,012

Current portion of lease liability

87,915

82,681

Total current liabilities

904,272

560,810

Long-term lease liability

358,446

403,335

Other long-term liabilities

946,957

1,007,375

Total liabilities

2,209,675

1,971,520

Stockholders’ equity:

Common stock

8,499

8,337

Additional paid-in capital

125,950,104

125,327,300

Treasury stock 

(13,210)

(13,210)

Accumulated deficit

(113,207,052)

(107,467,263)

Total stockholders’ equity

12,738,341

17,855,164

  Total liabilities and stockholders’ equity

$

14,948,016

$

19,826,684

 


IDEAL POWER INC.

Statements of Operations

(unaudited)


Quarter Ended June 30,


Six Months Ended June 30,


2025


2024


2025


2024

Commercial revenue

$

1,275

$

1,331

$

13,278

$

80,070

Cost of commercial revenue

3,477

17,474

34,339

85,972

Gross profit (loss)

(2,202)

(16,143)

(21,061)

(5,902)

Operating expenses:

Research and development

1,900,019

1,562,747

3,468,011

2,929,640

General and administrative

897,239

947,384

1,797,060

1,801,072

Sales and marketing

341,033

359,739

679,193

676,350

Total operating expenses

3,138,291

2,869,870

5,944,264

5,407,062

Loss from operations

(3,140,493)

(2,886,013)

(5,965,325)

(5,412,964)

Interest income, net

103,728

223,948

225,536

281,273

Net loss

$

(3,036,765)

$

(2,662,065)

$

(5,739,789)

$

(5,131,691)

Net loss per share – basic and fully diluted

$

(0.33)

$

(0.31)

$

(0.63)

$

(0.69)

Weighted average number of shares
outstanding – basic and fully diluted

9,116,519

8,514,581

9,109,225

7,417,260

 


IDEAL POWER INC.

Statements of Cash Flows

(unaudited)


 Six Months Ended June 30, 


2025


2024

Cash flows from operating activities:

Net Loss

$

(5,739,789)

(5,131,691)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

182,107

163,871

Amortization of right of use asset

42,172

34,948

Write-off of capitalized patents

–

62,073

Write-off of property and equipment

1,201

14,459

Gain on lease termination

–

(15,319)

Stock-based compensation

714,625

745,600

Decrease (increase) in operating assets:

Accounts receivable

(7,483)

68,669

Inventory

19,019

1,788

Prepaid expenses and other current assets

124,692

160,007

Increase (decrease) in operating liabilities:

Accounts payable

48,598

(174,464)

Accrued expenses and other liabilities

229,212

135,175

Lease liability

(39,655)

(36,046)

Net cash used in operating activities

(4,425,301)

(3,970,930)

Cash flows from investing activities:

Purchase of property and equipment

(41,128)

(64,036)

Acquisition of intangible assets

(179,209)

(174,968)

Net cash used in investing activities

(220,337)

(239,004)

Cash flows from financing activities:

Net proceeds from issuance of common stock and pre-funded warrants

–

15,724,818

Exercise of options and warrants

110

86,757

Payment of taxes related to restricted stock unit vesting

(91,769)

(11,579)

Net cash provided by (used in) financing activities

(91,659)

15,799,996

Net Increase (decrease) in cash and cash equivalents

(4,737,297)

11,590,062

Cash and cash equivalents at beginning of period

15,842,850

8,474,835

Cash and cash equivalents at end of the period

$

11,105,553

$

20,064,897

 

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SOURCE IDEAL POWER INC.

Posted on

Simon, Humana Step Forward to Build Healthier Communities

PR Newswire

Humana Walking Club
 will foster community engagement at Simon centers across the country and encourage healthier lifestyles


INDIANAPOLIS
, Aug. 14, 2025 /PRNewswire/ — Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced a new initiative with health and well-being company Humana to enable health, inspire physical activity and foster connectivity.

Working in collaboration with Simon Media & Experiences, the company’s media division, Humana will implement a multi-faceted program at 21 Simon centers across the country to invite community members to get moving and get healthy with the Humana Walking Club. Guests will have opportunities to participate in organized mall walks, join fun challenges, and connect with others. There is no cost to participate, and events will be held monthly before mall opening hours. More details can be found here.

“At Simon shopping destinations across the country, visitors of all ages come together to eat, shop, play – and, yes, exercise,” said Chip Harding, Executive Vice President of Simon Media & Experiences. “With our physical and digital reach Simon fosters meaningful connections between companies and consumers in ways no other platform can. This program evolved organically from visitors coming together at Simon centers to walk and exercise in a safe, climate-controlled environment. We look forward to working with Humana to implement their Humana Walking Club program so our shoppers – and our mall walkers! – can take action to lead healthier lives.”

With a specific focus on reaching older adults, Humana’s program will be amplified through customized space, media and digital assets throughout the participating properties, as well as Humana-branded informational kiosks. Simon’s position as both a premier shopping destination and omnichannel marketing leader will provide Humana with measurable insights into consumer preferences and trends throughout the program.

The Humana Walking Club will initially run from August through December 2025.

“At Humana, we believe movement is medicine – and that staying active is one of the most powerful ways to support longevity, vitality and connection,” said Tracy Nolan, Senior Vice President and leader of Humana’s MarketPoint organization. “Through initiatives like the Humana Walking Club, we’re proud to help community members take meaningful steps toward healthier lives, together.”

With its focus on delivering value through actionable consumer insights and integrated marketing solutions, Simon Media & Experiences offers retailers and brands highly targeted, efficient ways to connect with shoppers that include everything from unique in-person experiences to cutting-edge omnichannel advertising campaigns. 

About Simon

Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

About Humana

Humana Inc. is committed to putting health first – for our teammates, our customers, and our company. Through our Humana insurance services, and our CenterWell health care services, we strive to make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.

 

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SOURCE Simon