Quiver News

ASHBURN, Va., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), an authorized TSA PreCheck ^® enrollment provider , continues to expand locations to enroll consumers in the TSA PreCheck program by opening new TSA PreCheck enrollment locations in California, Florida, Louisiana, Michigan, North Carolina and Texas that went live on Monday, October 13, 2025.

With the addition of these sites, Telos now has 494 TSA PreCheck enrollment centers open in 42 U.S. states and territories, making it easier than ever for consumers to complete TSA PreCheck enrollment and renewals close to home. Throughout 2025, Telos will continue to expand its national TSA PreCheck enrollment footprint by launching additional enrollment centers and offering extended hours of operation for enrollment and renewals.

“Telos is pleased to have TSA PreCheck enrollment centers across 42 states and territories, bringing the convenience of TSA PreCheck to the backyard of millions of Americans,” said John Wood, CEO and chairman, Telos. “Every minute matters during your travel day and TSA PreCheck will help get you through security with ease.”

TSA PreCheck members typically get through TSA security screening much faster, with about 99% of members waiting less than 10 minutes at airport checkpoints nationwide. Teenagers, aged 13-17, may accompany TSA PreCheck enrolled parents or guardians through TSA PreCheck screening lanes when traveling on the same airline reservation and when the TSA PreCheck indicator appears on the teen’s boarding pass. Children 12 and under may accompany an enrolled parent or guardian in the TSA PreCheck lanes without restriction.

How to Apply or Renew TSA PreCheck

• New applicants : Travelers can pre-enroll online and schedule an appointment at a nearby Telos enrollment center. https://tsaprecheckbytelos.tsa.dhs.gov/
• Renewals : Existing TSA PreCheck members can renew online with Telos in just minutes – regardless of which provider they originally used.
• Find locations : A searchable directory of Telos enrollment center locations is available here: https://tsaprecheckbytelos.tsa.dhs.gov/locations .
  

About TSA PreCheck ^®
TSA PreCheck is a Department of Homeland Security (DHS) Trusted Traveler program that allows enrolled travelers expedited screening through airport security. TSA PreCheck lanes are located at more than 200 airports with 90+ airlines participating. Since TSA first launched the TSA PreCheck application program as a DHS Trusted Traveler Program for low-risk travelers in December 2013, active membership in the program has grown to more than 23 million members.

About Telos Corporation
Telos Corporation (NASDAQ: TLS) empowers and protects the world’s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions for identity and access management, secure mobility, organizational messaging, and network management and defense. The company serves commercial enterprises, regulated industries and government customers around the world.

Forward-Looking Statements
This press release contains forward-looking statements which are made under the safe harbor provisions of the federal securities laws. These statements are based on the Company’s management’s current beliefs, expectations and assumptions about future events, conditions and results and on information currently available to them. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company believes that these risks and uncertainties include, but are not limited to, those described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth from time to time in the Company’s filings and reports with the U.S. Securities and Exchange Commission (SEC), including their Annual Report on Form 10-K for the year ended December 31, 2024, as well as subsequent and future filings and reports by the Company, copies of which are available at https://investors.telos.com and on the SEC’s website at www.sec.gov .

Although the Company bases these forward-looking statements on assumptions that its management believe are reasonable when made, the Company cautions the reader that forward-looking statements are not guarantees of future performance and that the Company’s actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release. Given these risks, uncertainties and other factors, many of which are beyond its control, the Company cautions the reader not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date of such statement and, except as required by law, the Company undertakes no obligation to update any forward-looking statement publicly, or to revise any forward-looking statement to reflect events or developments occurring after the date of the statement, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.

Telos Media:
[email protected]

Telos Investors:
[email protected]

MELVILLE, N.Y., Oct. 15, 2025 (GLOBE NEWSWIRE) -- BioRestorative Therapies, Inc. (“BioRestorative”, “BRTX” or the “Company”) (NASDAQ:BRTX), a regenerative medicine innovator focused on stem cell-based therapies and products, is pleased to announce its participation in the upcoming 2025 Maxim Growth Summit , taking place from October 22nd to 23rd at The Hard Rock Hotel NYC.

Lance Alstodt, BioRestorative’s CEO, and Francisco Silva, the Company’s Vice President of Research and Development, will be participating in a panel titled “Stem Cell Therapy – A Space That is Ready to have its Day,” to be moderated by Jason McCarthy, Ph.D., Maxim Group’s Senior Managing Director, Head of Biotechnology Research.

BioRestorative management will also be meeting with institutional investors in a one-on-one format during the event. Due to the format of the event, no webcast will be available.

About BioRestorative Therapies, Inc.

BioRestorative ( www.biorestorative.com ) develops therapeutic products using cell and tissue protocols, primarily involving adult stem cells. As described below, our two core clinical development programs relate to the treatment of disc/spine disease and metabolic disorders, and we also operate a commercial BioCosmeceutical platform:

• Disc/Spine Program (brtxDISC ^™ ): Our lead cell therapy candidate, BRTX-100, is a product formulated from autologous (or a person’s own) cultured mesenchymal stem cells collected from the patient’s bone marrow. We intend that the product will be used for the non-surgical treatment of painful lumbosacral disc disorders or as a complementary therapeutic to a surgical procedure. The BRTX-100 production process utilizes proprietary technology and involves collecting a patient’s bone marrow, isolating and culturing stem cells from the bone marrow and cryopreserving the cells. In an outpatient procedure, BRTX-100 is to be injected by a physician into the patient’s damaged disc. The treatment is intended for patients whose pain has not been alleviated by non-invasive procedures and who potentially face the prospect of surgery. We have commenced a Phase 2 clinical trial using BRTX-100 to treat chronic lower back pain arising from degenerative disc disease. We have also obtained U.S. Food and Drug Administration (“FDA”) Investigational New Drug (“IND”) clearance to evaluate BRTX-100 in the treatment of chronic cervical discogenic pain.

• Metabolic Program (ThermoStem ^® ): We are developing cell-based therapy candidates to target obesity and metabolic disorders using brown adipose (fat) derived stem cells (“BADSC”) to generate brown adipose tissue (“BAT”), as well as exosomes secreted by BADSC. BAT is intended to mimic naturally occurring brown adipose depots that regulate metabolic homeostasis in humans. Initial preclinical research indicates that increased amounts of brown fat in animals may be responsible for additional caloric burning as well as reduced glucose and lipid levels. Researchers have found that people with higher levels of brown fat may have a reduced risk for obesity and diabetes. BADSC secreted exosomes may also impact weight loss.

• BioCosmeceuticals: We operate a commercial BioCosmeceutical platform. Our current commercial product, formulated and manufactured using our cGMP ISO-7 certified clean room, is a cell-based secretome containing exosomes, proteins and growth factors. This proprietary biologic serum has been specifically engineered by us to reduce the appearance of fine lines and wrinkles and bring forth other areas of cosmetic effectiveness. Moving forward, we also intend to explore the potential of expanding our commercial offering to include a broader family of cell-based biologic aesthetic products and therapeutics via IND-enabling studies, with the aim of pioneering FDA approvals in the emerging BioCosmeceuticals space.

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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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 as a result of various factors and other risks, including, without limitation, those set forth in the Company's latest Form 10-K filed 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 the Company undertakes no obligation to update such statements.

CONTACT:

Stephen Kilmer
Investor Relations
Direct: (646) 274-3580
Email: [email protected]

CHARLOTTE, N.C., Oct. 15, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (“AvidXchange” or the “Company”) (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that TPG and Corpay have completed their previously announced acquisition of the Company for $10.00 per share. The acquisition established AvidXchange as a private company valued at approximately $2.2 billion.

“We are truly excited to chart the next chapter in AvidXchange’s growth trajectory with the support of TPG and Corpay. As a private company, we look forward to building upon our 25+ years of industry leadership by accelerating innovation, delivering new and enhanced solutions to our customers, and creating further opportunities for our team,” said Mike Praeger, CEO of AvidXchange. “TPG and Corpay’s partnership will provide the necessary resources and long-term vision to help us scale our platform, capitalize on our momentum, and expand our ability to transform the AP process for our customers nationwide.”

“AvidXchange has long been at the forefront of AP automation, continuously innovating to streamline complex corporate payment workflows,” said John Flynn, Partner at TPG. “We’re excited to join forces with Corpay to partner with Michael and the AvidXchange team to accelerate growth and unlock its long-term potential as a private company,” added Tim Millikin, Partner at TPG.

“We’re thrilled to be in the game with Mike and his management team, and we see a path to a much higher growth and more profitable company over the midterm,” said Ron Clarke, Chairman and CEO of Corpay.

In the transaction, TPG acquired a majority interest in AvidXchange through TPG Capital, the firm’s large-scale U.S. and European private equity platform, and Corpay acquired a minority interest in the Company. The transaction was announced on May 6, 2025, approved by AvidXchange shareholders on September 16, 2025, and closed on October 15, 2025, following the satisfaction of required regulatory approvals and other customary closing conditions.

As a result of the closing of the transaction, AvidXchange shares have ceased trading and AvidXchange is no longer publicly listed on the Nasdaq Global Select Market.

Advisors
Financial Technology Partners and Barclays acted as financial advisors to AvidXchange. Latham & Watkins LLP acted as the Company’s legal advisor.

J.P. Morgan Securities LLC, Moelis & Company and RBC Capital Markets acted as financial advisors to TPG, and Davis Polk & Wardwell LLP and Schulte Roth & Zabel LLP acted as legal counsel to TPG.

Goldman Sachs acted as financial advisor to Corpay, and Eversheds Sutherland acted as legal counsel to Corpay.

About AvidXchange™
AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,500 businesses and it has made payments to more than 1,350,000 supplier customers of its buyers over the past five years. To learn more about how AvidXchange is transforming the way companies pay their bills, visit www.AvidXchange.com .

About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

About Corpay
Corpay (NYSE: CPAY), the Corporate Payments Company, is a global S&P 500 provider of commercial cards (e.g, business cards, fleet cards, virtual cards) and AP automation solutions (e.g., invoice and payments automation, cross border payments) to businesses worldwide. Our solutions “keep business moving” and result in our customers better controlling purchases, mitigating fraud, and ultimately spending less. To learn more, visit www.corpay.com.

Contacts:

TPG
Courtney Power
[email protected]

Corpay
Investor Contact:
Jim Eglseder
[email protected]
770.417.4697

AvidXchange
Investor Contact:
Subhaash Kumar
[email protected]
813.760.2309

This press release was published by a CLEAR® Verified individual.

• Reported Improved Gross Margin from Contribution from Higher-Margin Product Mix
  
  
• Operating Expenses Continued to Decline Compared to the First Quarter of the Prior Fiscal Year, Reflecting the Company’s Ongoing Focus on Cost Reduction and Operational Efficiency
  
  
• Earnings per Share $0.00, Compared to a Net Loss of $0.08 per Share in the First Quarter of the Prior Fiscal Year.
  

IRVINE, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Biomerica, Inc. (Nasdaq: BMRA), ("Biomerica" or the "Company") a global provider of advanced medical diagnostic and therapeutic products today reported financial results for the first quarter ended August 31, 2025.

Key Highlights:

1. inFoods ^® IBS receives Proprietary Laboratory Analysis ("PLA") Code
   
   The American Medical Association CPT Editorial Panel has issued a PLA code for the Biomerica's inFoods ^® IBS test. This newly granted PLA code serves as a unique identifier for the test, allowing healthcare providers and Biomerica’s laboratory partner to submit claims to Medicare and private insurers once reimbursement price is set by the Centers for Medicare & Medicaid Services. The PLA code represents a next step on the pathway to expand patient access to the inFoods ^® IBS product through a billable reimbursement code.
   
   
2. United Arab Emirates ("UAE") Ministry of Health and Prevention Approves Biomerica’s Fortel ^® Ulcer Test for Home Use
   
   The UAE Ministry of Health and Prevention has approved Biomerica’s Fortel ^® Ulcer Test for home use, marking an important milestone in expanding access to accurate, easy-to-use diagnostic tools for one of the leading causes of gastric disease in the region. The Fortel ^® Ulcer Test is a rapid, 10-minute diagnostic test that detects antibodies to Helicobacter pylori ("H. pylori"), a bacterium responsible for peptic ulcers, dyspepsia, and a significant portion of gastric cancer cases. With this new regulatory approval, individuals across the UAE can now self-administer the test in the comfort and privacy of their own homes. A 2019 study found that H. pylori affects approximately 41% of the UAE population, with higher prevalence among certain age and ethnic groups. If left untreated, up to 20% of infected individuals may develop serious complications such as peptic ulcers, chronic digestive pain, or gastric malignancies. Notably, up to 80% of gastric cancer cases are linked to H. pylori infection, making it one of the most significant infectious cancer risk factors worldwide.
   
   
3. UAE Ministry of Health and Prevention Approves Biomerica’s Fortel ^® Kidney Test for Home Use
   
   The UAE Ministry of Health and Prevention has approved its Fortel ^® Kidney Test for home use. This important regulatory milestone expands access to accurate, easy-to-use diagnostic tools supporting early identification of kidney damage in high-risk populations. The Fortel ^® Kidney Test is a rapid, 10-minute easy to use diagnostic test that detects low levels of albumin in urine, a critical early marker of kidney disease. The test is particularly valuable for people living with diabetes and hypertension, two of the leading risk factors for chronic kidney disease. Early detection provides an opportunity for timely medical intervention that can slow or prevent progression to kidney failure, improving long-term health outcomes.
   
   
4. Biomerica Launches AI-Backed inFoods ^® IBS Trigger Food Navigator to Support Personalized IBS Therapy and Improve Patient Outcomes
   
   The launch of its inFoods ^® IBS Trigger Food Navigator, a comprehensive AI-backed digital companion tool designed to improve patient dietary compliance and treatment success for individuals with Irritable Bowel Syndrome ("IBS"). The inFoods ^® IBS test identifies, on average, two to four specific foods that trigger a patient’s IBS symptoms, leading to a simple, highly targeted and actionable dietary plan. The new AI-backed Trigger Food Navigator builds on this approach by making it even easier for patients to follow their personalized dietary plan through smart meal suggestions, ingredient substitutions, and simplified meal planning tools.

First Quarter Fiscal 2026 Financial Results

Net sales for the first quarter of fiscal 2026 were $1.4 million, compared to $1.8 million in the first quarter of fiscal year 2025. The decrease primarily reflects reduced retail market activity, the timing of international orders impacted by global tariff tensions, and decreased demand under certain contract manufacturing agreements and was partially offset by rising inFoods ^® IBS product sales. Despite the lower sales, gross profit increased, driven by a more favorable product mix and greater contribution from higher-margin contract manufacturing services.

Operating expenses for the first quarter of fiscal 2026 decreased to $1.5 million, compared to $1.7 million in the first quarter of fiscal year 2025, highlighting Biomerica’s continued emphasis on cost discipline and streamlining operations. The reduction was primarily achieved through targeted savings across research, administrative, and manufacturing support functions.

As a result, operating loss for the first quarter of fiscal 2026 improved to $1.1 million, compared to $1.4 million in the first quarter of fiscal year 2025. Other income for the quarter included a non-recurring tax credit, which contributed to a net profit of approximately $2,000 for the first quarter of fiscal 2026, compared to a net loss of $1.3 million in the first quarter of fiscal year 2025. Biomerica continues to prioritize operational efficiency, strengthen its balance sheet, and invest selectively in core diagnostic programs that support long-term profitability.

About inFoods ^® IBS
inFoods ^® IBS is a diagnostic-guided therapy that identifies patient-specific food triggers responsible for symptoms such as abdominal pain, bloating, diarrhea, and constipation. Using a simple finger-stick blood sample, the test enables physicians to recommend targeted dietary changes tailored to the patient’s immune response—offering a non-pharmaceutical, precision-based approach to symptom relief.

A multicenter, double-blinded sham-controlled trial on the inFoods ^® IBS test was published in the June 2025 issue of Gastroenterology, a peer-reviewed GI journal. As the study demonstrated statistically significant outcomes:

• 59.6% of patients in the treatment group (who eliminated identified trigger foods) achieved the FDA’s endpoint for abdominal pain reduction, compared to 42.1% in the control group.
• Among IBS-C patients, 67.1% of patients in the treatment group vs. 35.8% in the control group.
• Among IBS-M patients, 66% of patients in the treatment group vs. 29.5% in the control group.

These results highlight the potential effectiveness of a personal elimination diet based on using inFoods ^® IBS in IBS-M patients, a subgroup historically underserved by existing treatments. The study was conducted at leading U.S. institutions including Cleveland Clinic, Mayo Clinic, University of Michigan, and Beth Israel Deaconess Medical Center.

For more information about inFoods ^® IBS, visit www.inFoodsibs.com .

inFoods IBS is Laboratory Developed Test used within a single laboratory that is certified under the Clinical Laboratory Improvement Amendments to perform high-complexity testing.

About Biomerica (NASDAQ: BMRA )

Biomerica, Inc. ( www.biomerica.com ) is a global biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products used at the point-of-care (in home and in physicians' offices) and in hospital/clinical laboratories for detection and/or treatment of medical conditions and diseases. The Company's products are designed to enhance the health and well-being of people, while reducing total healthcare costs. The Company primarily focuses on gastrointestinal and inflammatory diseases where the Company has multiple diagnostic and therapeutic products in development.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the Company’s current and future cash position, balance sheet, cost savings, sales, revenues, overhead, expenses, cost of goods, operations, and earnings; the Company's need for raising additional capital; the Company's expected sales growth for the Company's inFoods IBS product, Hp Detect product and other existing products; and diversification of the Company's revenue streams. Such forward-looking information is based upon the current beliefs and expectations of management and involves important risks and uncertainties that could significantly affect anticipated results. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Factors that could cause actual results to differ from those expressed in the forward-looking statements are discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC, and available on the SEC's website ( www.sec.gov ).

The Company is under no obligation to update any forward-looking statements after the date of this release.

Corporate Contact:

Zack Irani
949-645-2111
[email protected]

Source: Biomerica, Inc.

Sunnyvale, CA, Oct. 15, 2025 (GLOBE NEWSWIRE) -- KNOREX Ltd. (NYSE American: KNRX)  (“KNOREX” or the “Company”), a leading provider of AI-driven digital advertising products and solutions, today announced a strategic partnership with a premier Business-to-Business (B2B) data provider known for its human-verified, proprietary dataset. This collaboration combines KNOREX’s advanced AI-powered cross-channel advertising and automation capabilities with robust proprietary B2B data, unlocking new opportunities for organizations to drive growth through precision targeting and measurable returns on investment.

Trusted by thousands of customers worldwide, including leading enterprises across technology, financial services, and healthcare, the partner provides one of the most comprehensive proprietary B2B datasets available in the market. Its extensive database empowers sales and marketing teams with actionable insights to accelerate customer acquisition and revenue expansion.

By integrating this proprietary dataset into KNOREX XPO ^sm , KNOREX customers will gain access to high-quality, human-verified B2B data. This strategic alignment unites the power of KNOREX’s AI with the depth and uniqueness of the provider’s data, enabling marketers to execute highly targeted, personalized campaigns with greater efficiency, precision, and scale.

“We are excited to join forces with a leading data provider that shares our vision of empowering businesses through data-driven marketing,” said Justin Tan, VP of Business Development of KNOREX. “At KNOREX, our focus has always been on enabling performance-driven, AI-powered marketing automation across channels. With this proprietary data powering our XPO platform, our customers can expect deeper insights, smarter targeting, and measurable business impact. This partnership further positions KNOREX at the forefront of the industry and unlocks expanded growth opportunities.”

About KNOREX Ltd.

Founded in 2009, KNOREX Ltd. (NYSE American: KNRX) is a B2B technology company that provides AI-driven cross-channel programmatic advertising products and solutions to help businesses to simplify digital advertising. The Company's flagship platform, KNOREX XPO ^sm , is an AI-powered, cloud-based advertising technology platform that enables marketers to efficiently plan, execute, and optimize cross-channel ad campaigns across a diverse range of digital media, including social media, search, CTV/OTT, video, audio, display, native, and DOOH advertising.

By leveraging advanced AI/ML-driven automation, KNOREX XPO allows advertisers to enhance campaign performance, reduce wasted ad spend, and scale their marketing efforts while maintaining efficiency and transparency. The platform is designed to address the growing complexity in digital marketing by centralizing campaign execution and analytics into a unified, data-driven workflow.

KNOREX serves global enterprises, agencies, and brands across multiple industries, helping them navigate the rapidly evolving digital advertising landscape with automated, intelligent, and data-driven solutions. The Company has operations in the United States, Vietnam, India, Malaysia, and Singapore.

For additional information, please visit www.knorex.com .

FORWARD-LOOKING STATEMENTS

Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws, including, but not limited to, the Company’s expectations regarding the completion, timing and size of the proposed Offering and statements regarding the use of proceeds from the sale of the Company’s shares in the Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Contact:
Crescendo Communications, LLC
212-671-1020
[email protected]

SAN ANTONIO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology ®, a leading end-to-end hybrid cloud and AI solutions company, today announced Total Wine & More, America’s Wine Superstore®, has partnered with Rackspace to advance its digital transformation through a strategic, multicloud approach. The retailer adopted two public cloud platforms, Microsoft Azure and Google Cloud, selecting the best cloud for each of its major technology initiatives. It chose Rackspace to provide flexible, managed support and gained valuable cloud optimization expertise.

“We needed a partner who could support our multicloud strategy and provide consistent, expert guidance across both Azure and Google Cloud,” said Rob DeSantos, VP of Infrastructure and Workplace Solutions at Total Wine & More. “Rackspace Technology not only met those needs but exceeded our expectations with their technical depth and collaborative approach.”

“Total Wine & More’s multicloud strategy showcases the value of choosing the right cloud for the right workload,” said D K Sinha, President of Public Cloud at Rackspace Technology. “By leveraging both Microsoft Azure and Google Cloud and partnering with Rackspace Technology for unified expertise across platforms, they gained flexibility, cost efficiency, and speed. This approach is increasingly common among innovative retailers seeking to modernize faster and use multicloud as a driver of agility and customer experience."

Key Solutions Driving Innovation:

• Rackspace Elastic Engineering : Provides ongoing support for modernizing Total Wine’s inventory system and migrating backend operations to Azure, including automation with Terraform across cloud environments.
• Rackspace DBA Services : Ensures optimal performance, reliability, and availability of databases supporting ecommerce and inventory systems.
• Rackspace Optimizer+ : Delivers strategic insights and automated optimizations that helped Total Wine reduce cloud costs by 20% year-to-date.
  

The partnership has empowered Total Wine to transform cost optimization into a catalyst for innovation.

“With the FinOps program and Optimizer+, we don’t just receive another set of dashboards or reports. We get actionable insights and the expertise to dig deeper,” said DeSantos. “We continue to improve efficiency and keep technology at the forefront of business growth and innovation.”

Total Wine & More continues to expand its footprint, now operating 284 superstores across 29 states. With Rackspace Technology as a strategic partner, the company has enhanced its ability to scale, innovate, and deliver exceptional customer experiences.

“With our Rackspace partnership, it’s not just the tools we’ve acquired; it’s the people,” added DeSantos. “Their team listens, adapts, and consistently delivers value. It’s a relationship built on trust and shared success.”

Read the full case study at: Total Wine | Rackspace Technology

About Total Wine & More
Founded in 1991, Total Wine & More is the largest independent retailer of fine wine in the U.S., offering over 8,000 wines, 3,000 spirits, and 2,500 beers. The company is committed to providing low prices, exceptional service, and a superior shopping experience.

About Rackspace Technology
Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.

Disclaimer

This press release contains information believed to be accurate as of October 15, 2025. Rackspace Technology® makes no representations or warranties, express or implied, regarding the completeness, accuracy, or suitability of the information contained herein for any particular purpose. Results described in this press release, including cost savings and performance improvements, are based on the specific circumstances of Total Wine & More and may not be indicative of results that other clients may achieve. Actual results will vary based on individual client configurations, usage patterns, and business requirements. References to third-party companies, products, and services are provided for informational purposes only and do not constitute an endorsement by Rackspace Technology or Total Wine & More. Total Wine & More® and America's Wine Superstore® are registered trademarks of Total Wine & More. All other trademarks, service marks, and company names mentioned are the property of their respective owners. Rackspace Technology reserves the right to update or modify the information in this press release without prior notice.

Media Contact:

Cheryl Amerine, [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/99a84454-0134-45a8-8ca3-94bb9145fd15

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today announced a 9% increase of its regular quarterly dividend on the company’s common stock to $0.12 per share. The dividend is payable on December 4, 2025, to stockholders of record at the close of business on October 30, 2025.

“This is the third year in a row that MTI’s Board of Directors has authorized an increase of our quarterly dividend, reflecting our confidence in MTI’s continued ability to deliver steady cash flow, create value for shareholders, and execute on its long-term growth strategy,” said Douglas T. Dietrich, Chairman and Chief Executive Officer.

MTI’s regular quarterly dividend is a key component of the company’s balanced approach to capital deployment, which includes organic and inorganic investments, returning capital to shareholders through share repurchases and dividends, and maintaining a strong balance sheet. In October 2024, MTI’s Board of Directors authorized a $200 million share repurchase program, and the company has repurchased $50 million of its shares under this program through the third quarter ended September 28, 2025.

FORWARD-LOOKING STATEMENTS

This press release may contain "forward ‐ looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues, and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as “believes,” “expects,” “plans,” “intends,” “anticipates,” and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates, and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include worldwide general economic, business, and industry conditions; the cyclicality of our customers’ businesses and their changing regional demands; our ability to compete in very competitive industries; consolidation in customer industries, principally paper, foundry, and steel; our ability to renew or extend long term sales contracts for our satellite operations; our ability to generate cash to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to effectively achieve and implement our growth initiatives or consummate the transactions described in the statements; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations, or increases in costs of raw materials, energy, or shipping; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; risks and uncertainties related to the voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code filed by our subsidiaries BMI OldCo Inc. (f/k/a Barretts Minerals Inc.) and Barretts Ventures Texas LLC; claims for legal, environmental, and tax matters or product stewardship issues; operating risks and capacity limitations affecting our production facilities; seasonality of some of our businesses; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2024 Annual Report on Form 10 ‐ K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward ‐ looking statement, whether as a result of new information, future events, or otherwise.

About Minerals Technologies Inc.
Minerals Technologies Inc. (NYSE:MTX) is a global, technology-driven specialty minerals company that develops, produces, and markets a wide range of minerals and mineral-based products and services. We utilize global mineral reserves with our core technologies and applications to deliver innovative solutions for products that are part of everyday life. We serve customers in consumer and industrial markets worldwide, have 4,000 employees in 34 countries, and reported global sales of $2.1 billion in 2024. For further information, visit www.mineralstech.com.

Investor Relations Contact
Lydia Kopylova
[email protected]

Media Contact
Stephanie Heise
[email protected]

SAN JOSE, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- H2O America (NASDAQ: HTO) expects to report its financial results for the third quarter 2025 after the close of the market on Oct. 27.

Andrew F. Walters, chief executive officer; Ann P. Kelly, chief financial officer and treasurer; and Bruce A. Hauk, president and chief operating officer, will host a conference call at 11 a.m. Pacific time, (2 p.m. Eastern time) on Tuesday, Oct. 28, to discuss the third quarter results and developments.

Investors, the media, analysts, employee partners, and the public can listen to the live webcast of the conference call by registering at the company’s website, H2O-America.com . An accompanying slide presentation will be published to the company’s website prior to the call.

An archive of the webcast will be available until Jan. 19, 2026.

About H2O America

H2O America (NASDAQ: HTO) is a national investor-owned network of local water and wastewater utilities united by one purpose: delivering clean, high-quality water to the communities we call home.

For H2O America, providing water is more than a responsibility—it’s a privilege. Every connection we serve helps sustain what matters most: public health, vibrant neighborhoods, and a reliable future.

Across approximately 407,000 water and wastewater service connections, we invest in critical infrastructure to strengthen water supply for generations to come. We stay actively engaged in our local communities while focusing on operational excellence and delivering sustainable, long-term value to our investors.

Water is local—and so are our roots. Through our four regional water utilities—Connecticut Water, Maine Water, San Jose Water, and Texas Water—we proudly serve more than 1.6 million people across the country. Together, we protect what’s precious.

For more information, please visit our new website at www.H2O-America.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws relating to future events and future results of H2O America and its subsidiaries that are based on current expectations, estimates, forecasts, and projections about H2O America and its subsidiaries and the industries in which H2O America and its subsidiaries operate and the beliefs and assumptions of the management of H2O America. Some of these forward-looking statements can be identified by the use of forward-looking words such as “believes,” “expects,” “estimates,” “anticipates,” “intends,” “seeks,” “plans,” “projects,” “may,” “should,” “will,” “approximately,” “strategy,” or the negative of those words or other comparable terminology. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.

The accuracy of such statements is subject to a number of risks, uncertainties and assumptions including, but not limited to, the following factors: (1) the risks associated with the proposed transactions with Quadvest, including, the risk of the proposed transactions not closing on the anticipated timeline, or at all, the ability to obtain required regulatory approvals, and the ability to successfully integrate Quadvest’s operations and realize the projected financial and other benefits of the proposed transactions; (2) the effect of water, utility, environmental and other governmental policies and regulations, including regulatory actions concerning rates, authorized return on equity, authorized capital structures, capital expenditures, PFAS and other decisions; (3) changes in demand for water and other services; (4) unanticipated weather conditions and changes in seasonality including those affecting water supply and customer usage; (5) the effect of the impact of climate change; (6) unexpected costs, charges or expenses; (7) our ability to successfully evaluate investments in new business and growth initiatives; (8) contamination of our water supplies and damage or failure of our water equipment and infrastructure; (9) the risk of work stoppages, strikes and other labor-related actions; (10) catastrophic events such as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, physical attacks, cyber-attacks, epidemic, or similar occurrences; (11) changes in general economic, political, legislative, business and financial market conditions; and (12) the ability to obtain financing on favorable terms, or at all (including the financing for the proposed transactions with Quadvest in a timely manner), which can be affected by various factors, including credit ratings, changes in interest rates, compliance with regulatory requirements, compliance with the terms and conditions of our outstanding indebtedness, and general market and economic conditions. The risks, uncertainties and other factors may cause the actual results, performance or achievements of H2O America to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Results for a quarter are not indicative of results for a full year due to seasonality and other factors. In addition, actual results, performance or achievements are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the SEC, including our most recent reports on Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements are not guarantees of future performance, and speak only as of the date made, and H2O America undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

H2O America Contacts:

Ann P. Kelly
Chief Financial Officer and Treasurer
[email protected]
408-385-4752

Dan Meaney
Director of Investor Relations
[email protected]
860-664-6016

RENO, Nev., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling with its proprietary AquaRefining™ technology, today announced it has raised $13 million in gross proceeds from a leading institutional investor through a registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of a total of 1,133,794 shares of common stock and/or prefunded warrants to purchase shares of common stock at a purchase price of $11.34 per share/prefunded warrant. In a concurrent private placement, the Company also issued unregistered warrants to purchase up to 1,133,794 shares of common stock at an exercise price of $11.34 per share which are immediately exercisable for a period of five years following the date of issuance. The offering is expected to close on Thursday, October 16, 2025.

The gross proceeds to the Company from the offering were approximately $13 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The Benchmark Company LLC, a StoneX Company, served as sole placement agent and financial advisor for the transaction.

The common stock (but not the unregistered warrants and the shares of common stock underlying the unregistered warrants) described above were offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267780) that was declared effective by the Securities and Exchange Commission (the “SEC”) on October 19, 2022. The offering of the shares of common stock was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering were filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC’s website at http://www.sec.gov or by contacting The Benchmark Company, LLC at: 150 East 58th Street, 17th Floor, New York, NY 10155, Attention: Prospectus Department, or by email at [email protected].

The unregistered warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying such unregistered warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the unregistered warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

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

About Aqua Metals

Aqua Metals (NASDAQ: AQMS) is revolutionizing metals recycling with its proprietary AquaRefining™ technology, delivering high-purity, low-carbon battery materials to meet the growing demand for sustainable energy storage. The Company’s innovation-driven approach reduces emissions, eliminates waste streams, and supports the establishment of a circular supply chain for critical minerals essential to electric vehicles and grid storage. For more information, visit www.aquametals.com .

Aqua Metals Social Media

Aqua Metals has used, and intends to continue using, its investor relations website ( https://ir.aquametals.com ), in addition to its X, Threads, LinkedIn and YouTube accounts at https://x.com/AquaMetalsInc (@AquaMetalsInc), https://www.threads.net/@aquametalsinc (@aquametalsinc), https://www.linkedin.com/company/aqua-metals-limited and https://www.youtube.com/@AquaMetals respectively, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the intended use of proceeds from the offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including that the offering is subject to customary closing conditions and there can be no assurance as to whether or when the offering may be completed and those risks disclosed in under the caption “Risk Factors” in the prospectus supplement filed related to the offering. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by law.

Contact Information

Investor Relations
Bob Meyers & Rob Fink
FNK IR
646-878-9204
[email protected]

Media
David Regan
Aqua Metals
415-336-3553
[email protected]

ART26.12 Phase 1 Data Demonstrated No Safety Concerns, Predictable Linear Plasma Exposure, and Options for Dosing in Either Fed or Fasted Conditions

ART27.13 Interim Phase 2 Data Showed Substantial Weight Gain and Activity Improvements in the Treated Patients versus Placebo

SOLANA BEACH, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Artelo Biosciences, Inc. (Nasdaq: ARTL) , a clinical-stage pharmaceutical company focused on modulating lipid-signaling pathways to develop treatments for people living with cancer, pain, dermatologic, or neurological conditions, today announced that Professor Saoirse O’Sullivan, Vice President of Translational Sciences at Artelo Biosciences, is presenting expanded data from Artelo’s lead Fatty Acid Binding Protein 5 (FABP5) inhibitor, ART26.12, Single Ascending Dose (SAD) Study at the 8th Annual Cannabinoid & Endocannabinoid Drug Development Summit, taking place October 15–16, 2025, in Boston, Massachusetts. In addition, Professor O’Sullivan will be giving additional insights on ART27.13 development progress in cancer-related anorexia with interim data from the Phase 2 portion of the Cancer Appetite Recovery Study (CAReS).

During the presentation titled Exploring the Clinical Development of the Fatty Acid Binding Protein 5 (FABP5) Inhibitor ART26.12 , Professor O’Sullivan plans to share findings from the Company’s SAD study and preliminary food effect investigation with ART26.12, which evaluated the safety, tolerability, and pharmacokinetics of its FABP5 inhibitor in healthy volunteers. The SAD study demonstrated that ART26.12 at single doses up to 1050 milligrams was safe and well tolerated. Importantly, ART26.12 exhibited predictable linear dose exposure and showed potential dosing flexibility in either fed or fasted states for future studies. These findings support Artelo’s belief that advancement of ART26.12 into multiple ascending dose and proof-of-principle pain studies is warranted.

In addition, Professor O’Sullivan will discuss detailed interim data from the CAReS Phase 2 study. In CAReS, Artelo is evaluating ART27.13, the Company’s proprietary dual cannabinoid agonist, versus placebo in a randomized and blinded comparison in cancer patients experiencing anorexia and weight loss. Initial findings show patients receiving up to 1300 micrograms daily on average gained over 6% in weight versus placebo participants losing an additional 5%. Despite receiving up to twice the maximum dose delivered in the Phase 1 stage of CAReS, the safety profile in Phase 2 to date has been similar and well-tolerated. ART27.13 is uniquely positioned as the most clinically advanced small-molecule, orally administered once-daily treatment in development for cancer anorexia. Impacting up to 80% of late-stage cancer patients, currently there are no approved treatments in the US, UK or EU.

Regarding Artelo’s innovation leadership and progress in cannabinoid and lipid-signaling therapeutics development, Professor Saoirse O'Sullivan stated, "Having spent my entire career researching the potential medical benefits of modifying the endocannabinoid system, it is gratifying as a scientist and affirming of our research initiatives to be at the Cannabinoid & Endocannabinoid Drug Development Summit presenting two positive clinical studies for two of Artelo’s development candidates that have the potential to impact the devastating effects of peripheral neuropathic pain and anorexia and cachexia syndrome for people living with cancer."

About ART26.12
ART26.12, Artelo’s lead Fatty Acid Binding Protein 5 (FABP5) inhibitor, is under development as a novel, peripherally acting, non-opioid, non-steroidal analgesic, initially for the treatment of chemotherapy-induced peripheral neuropathy (CIPN) under an investigational new drug application opened with the FDA. Fatty Acid Binding Proteins (FABPs) are a family of intracellular proteins that chaperone lipids important to normal cellular function. FABP is overexpressed and associated with abnormal lipid signaling in a number of pathologies. In addition to ART26.12 in CIPN, Artelo’s extensive library of small molecule inhibitors of FABPs has shown therapeutic promise for the treatment of certain cancers, neuropathic and nociceptive pain, psoriasis, and anxiety disorders.

About ART27.13
ART27.13 is a novel benzimidazole derivative being developed as a once-daily, orally administered agent selectively targeting peripheral CB ₁ and CB ₂ receptors, with the potential to improve body weight, appetite, muscle degeneration, and quality of life in cancer patients. Initially developed by AstraZeneca plc, ART27.13 has been in seven clinical studies with over 280 participants. A statistically significant and dose-dependent increase in body weight was observed in people with back pain who were otherwise healthy. Importantly, the drug enables systemic metabolic effects while minimizing central nervous system-mediated toxicity. Having completed a Phase 1 study in cancer patients where ART27.13 demonstrated an excellent safety profile, Artelo is conducting a Phase 2 trial as a supportive care therapy for cancer patients suffering from anorexia and weight loss. Currently, there is no FDA approved treatment for cancer anorexia cachexia syndrome.

About CAReS
The Cancer Appetite Recovery Study (CAReS) is a Phase 1/2 randomized, placebo-controlled trial of the Company’s lead clinical program, ART27.13, in patients with cancer anorexia and weight loss. Cancer-related anorexia, or the lack or loss of appetite in the person with cancer, may result from the cancer and/or its treatment with radiation or chemotherapy. It is common for people with cancer to lose weight. Anorexia and the resulting weight loss can affect a patient’s health, often weakening their immune system and causing discomfort and dehydration. A weight loss of more than 5% can predict a poor outcome for cancer patients and a lower response to chemotherapy. The Phase 1 portion of the CAReS study was designed to determine the most effective and safest initial dose of ART27.13 in the Phase 2 stage. The Phase 2 portion of the CAReS study is designed to determine estimates of activity of ART27.13 in terms of lean body mass, weight gain, and improvement of anorexia compared to placebo.
(ISRCTN registry: https://www.isrctn.com/ISRCTN15607817 )

About Artelo Biosciences
Artelo Biosciences, Inc. is a clinical-stage pharmaceutical company dedicated to the development and commercialization of proprietary therapeutics that modulate lipid-signaling pathways, with a diversified pipeline addressing significant unmet needs in anorexia, cancer, anxiety, dermatologic conditions, pain, and inflammation. Led by an experienced executive team collaborating with world-class researchers and technology partners, Artelo applies rigorous scientific, regulatory, commercial, and treasury management practices, including digital assets, to maximize stakeholder value. More information is available at www.artelobio.com and X: @ArteloBio.

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management’s current beliefs and assumptions. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company’s filings with the Securities and Exchange Commission, including our ability to raise additional capital in the future. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.

Investor Relations Contact:
Crescendo Communications, LLC
Tel: 212-671-1020
Email: [email protected]

ATHENS, Greece, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$26,000, minus a 5.00% commission paid to third parties, for a period until minimum December 1, 2026 up to maximum February 15, 2027. The charter is expected to commence on October 28, 2025. The m/v New Orleans was chartered, as previously announced, to Kawasaki Kisen Kaisha, Ltd., at a gross charter rate of US$20,000 per day, minus a 5.00% commission paid to third parties.

The “New Orleans” is a 180,960 dwt Capesize bulk vessel built in 2015.

The employment of “New Orleans” is anticipated to generate approximately US$10.22 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.89 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com . Information contained on the Company’s website does not constitute part of this press release.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Contact:
Ioannis Zafirakis
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: + 30-210-9470-100
Email: [email protected]
Website: www.dianashippinginc.com
X: @Dianaship

Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel.: (212) 661-7566
Email: [email protected]

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Taboola (Nasdaq: TBLA), a global leader in delivering performance at scale for advertisers, today announced a major milestone for its performance advertising technology platform, Realize .

As part of Taboola’s expansion beyond native and into performance, Taboola has deepened its partnership with multiple global publishers to offer performance advertisers access to display inventory with Realize. Key names include TIME, Weather Channel Digital, Gannett | USA TODAY Network, Nexstar, and Slate, among others. Taboola's effort to offer advertisers more ways to reach consumers reflects its holistic approach to driving performance beyond search and social, across multiple formats and placements. In addition, Taboola expects to pay over $1.5 billion to publishers and OEMs in 2025.

Realize allows advertisers to tap into display as well as other parts of Taboola’s large network of publishers, apps, and OEMs. Realize is powered by an AI performance engine that finds the best opportunities for campaigns across Taboola’s network of trusted publishers and apps. This AI performance engine is driven by the unique data advantage of Taboola’s code-on-page integrations with publishers, giving it signal unlike any other open web platform to use when optimizing and placing ads.

“We’ve spent years building real relationships with publishers. We’ve evolved with them, helped them grow their audiences, engagement, and ability to work with advertisers,” said Adam Singolda, CEO of Taboola. “We announced our push beyond native with Realize, and we’re excited for publishers to be leaning in, expanding their partnerships with us, and delivering more for advertisers together.”

Supporting quotes

“Our partnership with Taboola has consistently delivered results, and giving advertisers access to our display inventory on Realize represents an exciting step forward,” said Tim Wolfe, Senior Vice President of Revenue Operations at Gannett. “We value Taboola’s collaborative approach and look forward to what we can accomplish next as we continue to evolve.”

“Taboola has been a trusted partner in helping us grow and innovate across our digital business,” said Molly Gallagher, Programmatic Manager at Slate. “Over the years, they’ve shown a strong understanding of our goals and a commitment to building long-term value—not just through technology, but through true collaboration. With the launch of Realize, we see a new opportunity to deepen that partnership and tap into more impactful revenue streams.”

About Taboola

Taboola empowers businesses to grow through performance advertising technology that goes beyond search and social and delivers measurable outcomes at scale.

Taboola works with thousands of businesses who advertise directly on Realize, Taboola’s powerful ad platform, reaching approximately 600M daily active users across some of the best publishers in the world. Publishers like NBC News, Yahoo, and OEMs such as Samsung, Xiaomi and others use Taboola’s technology to grow audience and revenue, enabling Realize to offer unique data, specialized algorithms, and unmatched scale.

Disclaimer – Forward-Looking Statements

Taboola (the “Company”) may, in this communication, make certain statements that are not historical facts and relate to analysis or other information which are based on forecasts or future or results. Examples of such forward-looking statements include, but are not limited to, statements regarding future prospects, product development and business strategies. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means for identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under Part 1, Item 1A “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

SAN JOSE, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) announces the new Astra™ SL2600 Series of multimodal Edge AI processors designed to deliver exceptional power and performance. The Astra SL2600 series enables a new generation of cost-effective intelligent devices that make the cognitive Internet of Things (IoT) possible.

The SL2600 Series will launch with the SL2610 product line , featuring five processor families tailored for diverse Edge AI applications. These processors are purpose-built for the next wave of smart appliances, home and factory automation equipment, charging infrastructure, healthcare devices, retail point of sale terminals and scanners, autonomous robotic systems, UAVs, casual gaming devices, and more.

The Astra SL2610 processors are powered by the new Synaptics Torq™ Edge AI platform , combining future-ready NPU architectures with open-source compilers, to set a new standard in IoT AI application development. Torq delivers the first production deployment of Google’s RISC-V-based Coral NPU with dynamic operator support, future-proofing Edge AI designs. Leveraging an open-source IREE/MLIR compiler and runtime, it embodies a developer-first approach. The SL2610 product line integrates Arm® Cortex®-A55, Cortex®-M52 with Helium™, and Mali™ GPU technologies, and these processors take a comprehensive, multi-layered approach to building security directly into the silicon, enabling immutable root of trust, threat detection, and an application crypto coprocessor to manage intensive AI workloads.

The SL2610 product line encompasses five pin-to-pin compatible families: SL2611, SL2613, SL2615, SL2617, and SL2619, built for a wide range of solutions from battery-powered and passively cooled devices to high-performance industrial vision systems. These processors deliver hallmark power efficiency and seamless integration with Synaptics Veros™ Connectivity —across Wi-Fi 6/6E/7, BT/BLE, Thread, and UWB—providing a unified developer experience that accelerates time-to-market.

“With the Astra SL2610 product line, Synaptics is redefining what’s possible for Edge AI. Through industry-leading power efficiency and breakthrough multimodal AI acceleration, these processors deliver the architectural foundation for customers to design scalable, next-generation IoT solutions,” said Vikram Gupta, Senior Vice President and General Manager, Edge AI IoT Processors, Synaptics.

Google Vice President and Head of Google Research Yossi Matias, said, “Google Research is excited to collaborate with Synaptics on Edge AI. By integrating our Coral NPU ML accelerator, we are helping create an ecosystem that will simplify development and unlock powerful new experiences. This partnership is a catalyst to move the industry forward and help make devices even more useful.”

Global Partners and Customers Trust Synaptics to Drive the Future of Edge AI

Nina Turner, Research Director, Enabling Technologies and Semiconductors, IDC
“As Edge AI adoption expands, multimodal capabilities are emerging as a way to enable more context-aware user experiences. Companies such as Synaptics, in collaboration with Google, are contributing to the development of this landscape. Open-source technologies will be an important factor in accelerating innovation and adoption.”

Kurt Preston, Vice President, Global Operations, Sonos
“We chose to collaborate with Synaptics because of their deep expertise in audio processing, multimodal AI, wireless connectivity, and low-power solutions. Their collaborative development approach, global footprint, and supply resiliency make them an ideal technology partner for Sonos.”

John Reeder, VP, Cisco
“For more than a decade, Cisco has partnered with Synaptics on solutions for enterprise conferencing and networked audio systems, relying on their advanced processors and connectivity technology. We are encouraged by their dedication to enriching communication experiences using AI-​capable SoCs and look forward to our continued engagement as a trusted partner.”

Jarrod Seymour, Vice President, Marine Segment Leader, Garmin
“Synaptics’ broad portfolio, advanced technology, and fantastic support are top notch, but what is truly differentiating is the engagement and action to address our needs, delivering solutions that move our multi-function displays forward with the latest features.”

Pedro Bandeira, Senior Vice President, Home Products, Deutsche Telekom
“At Deutsche Telekom, we believe the future of the connected home lies in intelligent solutions that are both powerful and secure. By working with Synaptics, we are bringing AI into the home in a way that ensures data never needs to leave the customer’s environment. This new generation of solutions, powered by AI-native SoCs enables us to deliver innovative services today and unlock entirely new experiences for tomorrow—all while keeping privacy at the center.”

James Barnett, Global R&D Director, Verisure
“Verisure has worked closely with Synaptics in bringing advanced connectivity solutions to the home security market, delivering exceptional new security experiences. We look forward to strengthening our partnership and exploring the opportunities enabled by Synaptics’ new AI-driven scalable SoCs.”

Paul Williamson, SVP & GM, IoT Business, Arm
“As AI shifts to the Edge, efficient and secure multimodal processing is becoming essential. By building on the Arm compute platform, Synaptics’ latest generation of Astra AI-native processors combine low-power compute, advanced security, and high-performance graphics, with the broadest developer ecosystem in the industry. This foundation enables richer user experiences, reducing latency, and unlocking new opportunities for intelligence at the Edge.”

Robert Otręba, CEO, Grinn
"Grinn has built a reputation for transforming ideas into standout IoT products. Synaptics Astra brings unmatched versatility as a powerful and differentiated Edge AI platform, and the Synaptics team has been an invaluable partner—delivering exceptional collaboration enabling our team to bring application-ready System-on-Modules for consumer and industrial deployments ranging from home automation device to Edge AI-enabled industrial robots.”

Samuel Imgrueth, CEO, Toradex
“We chose Synaptics for its AI-native Astra silicon portfolio, to bring production-ready SBCs and System-on-Modules for mission-critical IoT deployments, enabled via the industry-leading Torizon OS. We found a partner deeply committed to our mutual success across Industrial IoT, delivering hands-on hardware and software expertise."

Pete Warden, CEO, Moonshine AI
“Synaptics’ Astra processors were an ideal technology platform for running Moonshine across resource constrained IoT devices, with accurate, conversational, and command-based speech recognition and multi-lingual support. With the SL2610 bringing native transformer support, we look forward to our continued engagement with Synaptics.”

Marcel van den Heuvel, CEO, TechNexion
“At TechNexion, our deep experience in the industrial market has shown us the value of scalable, future-ready solutions. By partnering with Synaptics and integrating the Astra SL2610 into our system-on-modules, we enable our customers to accelerate innovation, while staying flexible for tomorrow’s application needs. We are proud to bring this powerful combination to the market and deliver a proven platform that our customers can build upon with confidence.”

Availability
The Synaptics Astra SL2610 product line is sampling to customers now with general availability planned for calendar Q2 2026.

Be among the first to shape the future of Edge AI – secure early access to the Synaptics Astra Machina™ SL2610 Development Kit. Learn more at synaptics.com/sl2610-product-line .

About Synaptics Incorporated
Synaptics (Nasdaq: SYNA ) is leading the charge in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As the go-to partner for the world’s most forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play.

Follow Synaptics on LinkedIn , X , and Facebook , or visit www.synaptics.com .

For further information, please contact:

Media Contacts
Neeta Shenoy
Synaptics Incorporated
[email protected]

Becca Wirta
Account Director
Publitek Limited
[email protected]

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Synaptics’ Astra™ SL2600 Series processors and related technologies, anticipated product capabilities and performance, potential applications, expected customer adoption, strategic collaborations and partnerships, and Synaptics’ future market opportunities. These forward-looking statements are based on current expectations, estimates, and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Important factors that may cause such differences include, but are not limited to: the pace of adoption of Edge AI and multimodal IoT technologies; design wins and customer demand across consumer, industrial, and enterprise markets; the success and scope of technology collaborations; competitive product offerings and pricing; supply chain constraints; reliance on third-party IP and open-source technologies; and other risks detailed from time to time in Synaptics’ filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Synaptics undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

COLUMBIA, Md., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. (NASDAQ: TENB), the exposure management company , today announced it will release financial results for its third quarter ended September 30, 2025, after the U.S. market close on Wednesday, October 29, 2025. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results.

A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com . A live dial-in will be available domestically at 1-877-407-9716 or internationally at 1-201-493-6779. An archived replay will be available following the call.

About Tenable

Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com .

Media Contact:
Tenable
[email protected]

Yokneam Illit, Israel, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) (the “Company” or “Wearable Devices”), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, today highlights a new claim from its recently granted and announced patent titled “Gesture and Voice-controlled Interface Device.”

Current gesture-control systems often provide a purely visual interaction, leaving a cognitive gap between the virtual object properties and the user interaction with it. This patented technology addresses that limitation by integrating an additional layer of realism into the control output.

This innovation means that a user's gesture, when sensed, doesn't just trigger an action, but that simulated physical characteristics of the object such as weight, rigidity and texture affect the virtual object response to the user applied gesture parameters such as force and speed, and are used to make the interaction feel like it is interacting with a real-world object.

“For true immersion in virtual reality (VR) and augmented reality (AR), interaction needs to feel real. Our new patent achieves this by bridging the gap between digital action and physical sensation,” said Guy Wagner, President and Chief Scientific Officer of Wearable Devices. “We are moving beyond simple gesture recognition to a state where the control output itself is intuitively influenced by simulated physical properties. This will provide users with an unprecedented level of tactile realism when manipulating virtual objects, significantly enhancing user experience in gaming, simulation, and design.”

About Wearable Devices

Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s consumer products - the Mudra Band and Mudra Link - are defining the neural input category for both wrist-worn devices and brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.

Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and XR. In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from augmented reality/virtual reality/XR to smart environments.

By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.

Forward-Looking Statements Disclaimer

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, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when discussing the potential benefits and advantages of our newly granted U.S. patent, including its anticipated contribution to enhancing tactile realism and immersion in VR and AR environments, expected improvements in intuitive human-machine interaction, potential applications gaming, simulation and design, our expectations regarding the development and commercialization of technologies that integrate simulated physical feedback, our strategy to expand and strengthen our intellectual-property portfolio, and the market opportunities we see for our AI-powered neural input products. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact
Michal Efraty
[email protected]

KYIV, Ukraine, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Kyivstar (Nasdaq: KYIV), Ukraine’s leading digital operator, and global technology company Mastercard have signed a Memorandum of Cooperation, marking the beginning of a strategic partnership between the companies. Their joint efforts will focus on developing innovative technological solutions to strengthen the resilience of the country’s financial infrastructure, promote cashless payments, and expand access to financial services.

Kyivstar and Mastercard plan to test the Starlink Direct to Cell satellite technology in the payment infrastructure. This breakthrough satellite-to-mobile technology powers connectivity in mobile dead zones, keeping consumers connected when they need it most, and will enable financial transactions in areas without mobile coverage or during emergencies. Starlink Direct to Cell opens new prospectives for the financial services and fintech market, ensuring greater resilience and accessibility of financial services for an even wider customer base.

Kyivstar and Mastercard will also work on developing new financial products and services. The companies will leverage their Big Data and analytics capabilities to design products that improve customer insights and expand access to financial services. Areas of cooperation will include the development of financial scoring solutions and personalized offers for consumers.

“ Resilience and reliability of infrastructure today are just as crucial an element of national security. The Memorandum with Mastercard is a mutual trust and readiness to work on tasks that are critically important for the country. Together with Mastercard’s global payment expertise, we are combining our strengths in digital product development to boost Ukraine’s resilience and expand access to innovative financial services ,” emphasized Illia Polshakov, Director of New Business Development at Kyivstar.

As part of the cooperation, the companies will implement advanced technological solutions for e-commerce, ensuring high security standards and a seamless customer experience. The partners also plan to introduce initiatives aimed at promoting cashless payments, particularly among small and medium-sized businesses.

“Technology should serve society and make people’s lives more convenient and secure. The partnership with Kyivstar is an important step toward realizing this vision in Ukraine. By joining forces, we aim not only to strengthen the resilience of payment infrastructure in today’s challenging environment, but also to accelerate the growth of the digital economy. Cooperation with a telecom market leader opens new opportunities for implementing innovative financial solutions and technologies that will benefit both large and small businesses, as well as every Ukrainian,” said Inga Andreieva, Country Manager of Mastercard in Ukraine and Moldova.

The Memorandum will be valid for one year, with the possibility of further extension. Within the framework of cooperation, the parties will sign separate agreements for specific projects. The Memorandum serves as confirmation of the companies’ mutual understanding and shared strategic priorities.

About Kyivstar Group Ltd
Kyivstar Group Ltd (Nasdaq: KYIV; KYIVW) ("Kyivstar Group") is a Nasdaq-listed holding company that manages the Kyivstar group of companies in Ukraine. Through its subsidiaries, Kyivstar Group is the country’s leading digital operator and the first Ukrainian company to have its shares traded on a U.S. stock exchange. The group’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as big data, cloud, and cybersecurity. Together with VEON, Kyivstar Group has committed to investing USD 1 billion in Ukraine during 2023–2027, focusing on infrastructure and technology development, charitable support, and strategic acquisitions. For more information, please visit https://investors.kyivstar.ua .

About Kyivstar
JSC Kyivstar (“Kyivstar”) is Ukraine’s leading digital operator, serving around 22.4 million mobile subscribers and over 1.1 million fixed-line Home internet customers as of June 30, 2025. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, cloud solutions, cybersecurity services, digital TV, and more. Kyivstar is advancing new telecommunication technologies in Ukraine and together with VEON plans to invest USD 1 billion in this direction during 2023–2027.Kyivstar is wholly owned by Kyivstar Group Ltd (Nasdaq: KYIV; KYIVW), the first Ukrainian company to have its shares traded on the U.S. stock exchange Nasdaq. The company contributes to overcoming the challenges of wartime and, over the past three years, has allocated more than UAH 3.4 billion to support the Defence Forces, its subscribers, and the implementation of social projects. Kyivstar has operated in Ukraine for 27 years and is recognised as the largest taxpayer in the digital communications market, a top employer, and a socially responsible company. Additional information: [email protected] , www.kyivstar.ua .

About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com

Modern SaaS platform streamlines secure file transfer automation—reducing manual processes, scripting and infrastructure overhead to improve compliance and boost productivity

BURLINGTON, Mass., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the launch of Progress® Automate MFT, a new Software-as-a-Service (SaaS) solution that redefines secure file transfer automation for modern enterprises.

As more businesses build out their automation and AI strategies, IT teams face mounting pressure to move sensitive data reliably, in greater quantities than ever, while managing aging infrastructure, fragile scripts and strict compliance requirements. Manual file transfers and legacy tools often lead to inefficiencies, downtime and security weaknesses—introducing risk and diverting valuable resources from innovation.

Automate MFT addresses these challenges head-on with a scalable, cloud-native platform that streamlines automation and minimizes reliance on scripting. By eliminating hidden costs tied to on-premises infrastructure and reducing administrative burden, organizations can achieve up to 50% lower total cost of ownership compared to traditional systems, boost productivity, reduce overhead and reallocate resources to strategic initiatives.

“Serving the financial sector, reliability and auditability aren’t optional. Progress has created a solution that helps IT meet the security and compliance demands we’re held to for file transfers, while reducing the overhead required to support that automation,” said Todd Ruthman, Director of IT, Copp Clark. “As a lean core IT team with compliance-driven operations, Automate MFT is a great fit—no bulky installs, no upgrade or patch management, just secure automation delivered as a service that lets us easily integrate our internal systems.”

“Enterprises continue to struggle with legacy file transfer systems that are difficult to scale, costly to maintain and increasingly vulnerable to compliance and security risks,” said Shari Lava, Research Vice President, AI and Automation, IDC. “Organizations need to upgrade to modern MFT solutions that are both secure and cloud-native that can be better, faster and operate with greater scalability. By streamlining automation and strengthening oversight, modern MFT solutions built for today helps IT teams modernize operations while maintaining control and confidence.”

Key Features Include:

• Coordinator-Agent Architecture : Microservices-based topology with lightweight agents deployed across cloud and private networks, managed from a centralized interface—ideal for hybrid and distributed environments.
• No-Code Automation Builder & Scheduling : Point-and-click interface for building and scheduling workflows, eliminating scripting and accelerating deployment.
• Shared Credential & Schedule Libraries : Reusable libraries simplify administration, such as rotating passwords across hundreds of endpoints in a single step.
• Organizational Tools for Task Management : Folders and tags streamline organization and filtering of hundreds or thousands of tasks—no complex naming conventions required.
• Task Versioning & Milestone Recovery : Automatically saves up to 200 task versions and 100 named milestones for quick restore, enabling flexibility and control.
• Security & Compliance Oversight: Built on leading cloud infrastructure with an enterprise-grade security framework, Automate MFT supports SOC 2 Type 1 and HIPAA standards through built-in encryption, role-based access controls and multi-factor authentication—helping organizations protect data, monitor activity and verify delivery with confidence.

“Automate MFT marks a true shift in the managed file transfer market,” said Loren Jarrett, EVP & GM, Digital Experience, Progress Software. “This new modern solution was built from the ground up to solve organizations’ automation needs in today’s world, as automation and AI drive increases in business velocity. It is designed to help organizations modernize operations, safeguard data and scale with confidence, while freeing up time and budget to focus on innovation.”

Automate MFT is the newest addition to Progress’ file transfer portfolio, reinforcing its commitment to delivering secure and scalable solutions for data movement. To learn more about Automate MFT, visit https://www.progress.com/automate-mft or register for the October 30 release webinar.

About Progress Software
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com .

Progress is a trademark or registered trademark of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

Press Contact:
Kim Baker
Progress Software
+1-800-477-6473
[email protected]

BROOMFIELD, Colo., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) today announced that it will host a conference call to discuss its third quarter 2025 financial results on Wednesday, November 5, 2025, at 4:30 p.m. ET. Joe Christina, Chief Executive Officer, and Mike Hynes, Chief Financial Officer, will host the call. A press release with third quarter 2025 financial results will be issued after the market close that same day.

The conference call can be accessed live over the phone by dialing 201-389-0920. A replay will be available after the call and can be accessed by dialing 412-317-6671; the passcode is 13756125. The replay will be available until Wednesday, November 19, 2025.

The conference call will also be webcast live from the Company’s corporate website at investor.noodles.com under the “Events & Presentations” page. An archive of the webcast will be available at the same location on the corporate website shortly after the call has concluded.

About Noodles & Company

Noodles & Company has known noodles since 1995. For 30 years, the brand has brought people together over craveable classics and globally inspired flavors, from indulgent Creamy Mac & Cheese to bold Japanese Pan Noodles. With more than 400 restaurants and a team of passionate noodle lovers, Noodles is built on flavor, comfort, and a people-first culture. Recognized by Newsweek as one of America's Favorite Restaurants and Best Loyalty Programs and honored by Forbes and QSR as a top employer, Noodles continues to define what it means to be a fast-casual favorite.

Contacts:
Investor Relations
[email protected]

Media
Danielle Moore
[email protected]

Source: Noodles & Company

Louisville, CO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (Nasdaq: BNC) (“BNC” or “the Company”), a growth-oriented company focused on managing the world’s largest corporate treasury of BNB token, today announced it will be presenting at two upcoming investor conferences.

LD Micro Main Event XIX
Date : Tuesday, October 21
Format: 1x1 meetings + Fireside Chat Presentation at 4:30pm PT
Location : San Diego, CA

Stocktoberfest Presented by StockTwits
Date : Wednesday, October 22

Format : Panel at 10:45am PT : “Who is Today’s Retail Investor & What are they looking for? Data, Insights" Hosted by Anne Marie Gianutsos. Panelists include: David Namdar - CEA Industries, Jillian DelSignore - Nasdaq, Will Rhind - GraniteShares, Bret Kenwell – eToro.

To schedule a meeting with management, please contact your conference representative or email [email protected] .

CEA Industries Media Inquiries : [email protected]
Investor Relations: [email protected]

About CEA Industries Inc.

CEA Industries Inc. (Nasdaq: BNC) is a growth-oriented company that has focused on building category-leading businesses in consumer markets, including building and managing the world’s largest corporate treasury of BNB, the native cryptocurrency of the BNB Chain ecosystem. BNC offers investors institutional-grade exposure to BNB.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This press release specifically contains forward-looking statements regarding BNC’s expectations or beliefs regarding (i) the longevity of the Company’s position as the largest BNB treasury in the world; (ii) the long-term growth and adoption of the BNB ecosystem; (iii) BNC’s role in advancing BNB’s global adoption; (iv) the growth of interest from institutional partners and investors worldwide; (v) BNC being the most trusted and strategically positioned digital asset treasury; (vi) progress and achievement of the Company's goals regarding BNB acquisition and staking, the long-term value of BNB, continued growth and advancement of the Company's BNB treasury strategy and the applicable benefits to the Company; and (vii) BNC’s ability to scale its holdings and introduce innovative structures, which result in lasting value to shareholders. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC’s business as well as other important factors may have affected and could in the future affect BNC’s actual results and could cause BNC’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, which include, but are not limited to, BNC’s ability to keep pace with new technology and changing market needs; BNC’s ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; the competitive environment of BNC’s business; and the future value and adoption of BNB. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC’s control. In addition, these forward-looking statements and the information in this press release is qualified in its entirety by cautionary statements and risk factor disclosures contained in BNC’s filings with the SEC, including BNC’s Form 10-K filed with the SEC on March 27, 2025, Form 10-KT filed with the SEC on July 25, 2025 and Form S-3ASR filed with the SEC on August 25, 2025, each as may be amended or supplemented from time to time. Copies of BNC’s filings with the SEC are available on the SEC’s website at www.sec.gov . BNC undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

ARLINGTON, Va. and BOULDER, Colo., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, and Torch Clean Energy, a privately-held independent power producer focused on developing, building, and operating turnkey power facilities in the United States, today announced the Winchester project, a solar-plus-storage facility being developed by Torch Clean Energy in Cochise County, Arizona. The project will use Fluence’s advanced Gridstack Pro 5000 ™ energy storage solution with delivery expected in early 2027.

Located alongside two 80 MW solar arrays, the Winchester project will deliver a total of 160 MW / 640 MWh of energy storage capacity across two identical systems. Once operational, the project will support grid balancing and forecasted load growth for the region as well as support economic development and local infrastructure investment for Cochise County, AZ.

The Gridstack Pro 5000 solution will include domestically manufactured enclosures, inverters, and thermal management systems to enable the full solar-plus-storage facility to qualify for domestic content tax credits, while supporting U.S. manufacturing and American energy security.

“We’re proud to partner with Torch Clean Energy on the Winchester project and to bring this important power resource to the Arizona electric grid,” said John Zahurancik, President, Fluence Americas. “This facility is a great step toward ensuring affordable, reliable, and secure power for the local community and will support regional economic activity and expected load growth for many years to come.”

“Torch is excited to partner with Fluence to manufacture the energy storage system for our Winchester project,” said Travis Haggard, President of Torch Clean Energy. “The Gridstack Pro 5000 will allow us to shift cost-effective solar generation to be dispatched when the grid needs it most.”

With more than 22 GWh of battery energy storage capacity deployed or contracted across 90+ projects in the United States, Fluence is supporting leading U.S. utilities, power producers, and developers with cutting-edge storage solutions that enable a more reliable and cost-effective grid.

About Torch Clean Energy

Torch is a developer and owner of renewable energy assets, with a particular focus in the Mid-Atlantic U.S. and the desert Southwest. Torch has originated, developed, and sold more than 1.2 gigawatts of renewable power assets and is partnered with Morgan Stanley Infrastructure Partners (“MSIP”), a leading global private infrastructure investment platform with approximately $18 billion in assets under management since inception. Founded in 2006, MSIP has invested in a diverse portfolio of over 40 investments across transport, digital infrastructure, energy transition and utilities. MSIP targets assets that provide essential public goods and services with the potential for value creation through active asset management. Torch serves as MSIP’s U.S. renewable energy independent power producer (IPP) platform.

For more information on MSIP, visit https://www.morganstanley.com/im/en-us/capital-seeker/infrastructure/teams/infrastructure-team-cs.html .

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

For more information, visit our website , or follow us on LinkedIn or X . To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog .

Cautionary Statement Regarding Forward-Looking Statements

The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding anticipated timeline of the project and delivery, output and capacity, expected impact of the project on Cochise County, AZ, and other beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, severe weather events impacting the project, general economic conditions, changes to the regulatory environment in the United States and unforeseen circumstances outside of Fluence’s control which may cause the energy storage systems to not perform as anticipated, and such factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission ("SEC") on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Americas Media Contact
Ben Smith, Senior Director of Marketing, Americas
Email: [email protected]
Phone: +1 (413) 522-2347

Analyst Contact
Lexington May, Vice President of Investor Relations and Sustainability
Email: [email protected]
Phone: +1 (713) 909-5629

LIMASSOL, Cyprus, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility (the “Facility”) with a European bank. The Facility will be secured by, among others, a first priority mortgage over four of the Company’s dry bulk vessels and will be guaranteed by the Company. The net proceeds from the Facility will be used for general corporate purposes.

The Facility has a tenor of five years and bears interest at a rate of Term SOFR plus a margin, which may be adjusted based on the Company’s performance against certain sustainability-linked targets.

Full Redemption of 8.75% Series E Cumulative Perpetual Convertible Preferred Shares

The Company announces that on October 13, 2025, the Company and Toro Corp. (“Toro”) agreed to the full redemption of 60,000 shares of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares (the “Series E Preferred Shares”) for a cash consideration equal to the stated amount of the Series E Preferred Shares plus 0.523% thereof, including accrued and unpaid distributions. Following the full redemption, such Series E Preferred Shares shall be cancelled and will no longer remain outstanding.

Toro is a public company listed on the Nasdaq Capital Market. Toro’s Chairman and Chief Executive Officer is also the Company's Chairman, Chief Executive Officer and Chief Financial Officer.

The foregoing full redemption of the Series E Preferred Shares and its terms were approved by the board of directors of Castor and Toro at the recommendation of their respective special committees of disinterested and independent directors who negotiated the redemption.

About Castor Maritime Inc.

Castor Maritime Inc. is a diversified global shipping and energy company, with activities directly and indirectly in asset management, vessel ownership, technical and commercial ship management and energy infrastructure projects.

Castor’s fleet comprises 9 vessels, with an aggregate capacity of 0.6 million dwt. Castor is also the majority shareholder of the Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.

For more information, please visit the Company’s website at www.castormaritime.com . Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of current or historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these forward-looking statements, including these expectations, beliefs or projections. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward‐looking statements include generally: the effects of the spin-off of our tanker business, the effects of our acquisition of MPC Münchmeyer Petersen Capital AG, our business strategy, expected capital spending and other plans and objectives for future operations, dry bulk and containership market conditions and trends, including volatility in charter rates (particularly for vessels employed in short-term time charters or index linked period time charters), factors affecting supply and demand, fluctuating vessel values, opportunities for the profitable operations of dry bulk and container vessels and the strength of world economies, changes in the size and composition of our fleet, our ability to realize the expected benefits from our past or future vessel acquisitions, our ability to realize the expected benefits of vessel acquisitions, increased transactions costs and other adverse effects (such as lost profit) due to any failure to consummate any sale of our vessels, our relationships with our current and future service providers and customers, including the ongoing performance of their obligations, dependence on their expertise, compliance with applicable laws, and any impacts on our reputation due to our association with them, our ability to borrow under existing or future debt agreements or to refinance our debt on favorable terms and our ability to comply with the covenants contained therein, in particular due to economic, financial or operational reasons, our continued ability to enter into time or voyage charters with existing and new customers and to re-charter our vessels upon the expiry of the existing charters, changes in our operating and capitalized expenses, including bunker prices, dry-docking, insurance costs, costs associated with regulatory compliance, and costs associated with climate change, our ability to fund future capital expenditures and investments in the acquisition and refurbishment of our vessels (including the amount and nature thereof and the timing of completion thereof, the delivery and commencement of operations dates, expected downtime and lost revenue), instances of off-hire, due to vessel upgrades and repairs, competition in the shipping and energy infrastructure management business, our ability to identify and develop new investment projects, our ability to maintain and increase the volume of the assets under our management and therefore our ability to earn fees, the financial performance or our investees over which we do not exercise control, fluctuations in interest rates and currencies, including the value of the U.S. dollar relative to other currencies, any malfunction or disruption of information technology systems and networks that our operations rely on or any impact of a possible cybersecurity breach, existing or future disputes, proceedings or litigation, future sales of our securities in the public market and our ability to maintain compliance with applicable listing standards, volatility in our share price, including due to high volume transactions in our shares by retail investors, potential conflicts of interest involving affiliated entities and/or members of our board of directors, senior management and certain of our service providers that are related parties, general domestic and international political conditions or events, including armed conflicts such as the war in Ukraine and the conflict in the Middle East, acts of piracy or maritime aggression, such as recent maritime incidents involving vessels in and around the Red Sea, sanctions, “trade wars”, tariffs, global public health threats and major outbreaks of disease, changes in seaborne and other transportation, including due to the maritime incidents in and around the Red Sea, fluctuating demand for dry bulk and container vessels and/or disruption of shipping routes due to accidents, political events, international sanctions, international hostilities and instability, piracy or acts of terrorism, changes in governmental rules and regulations or actions taken by regulatory authorities, including changes to environmental regulations applicable to the shipping industry, accidents, the impact of adverse weather and natural disasters and any other factors described in our filings with the SEC. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication, except to the extent required by applicable law. New factors emerge from time to time, and it is not possible for us to predict all or any of these factors. Further, we cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these foregoing and other risks and uncertainties. These factors and the other risk factors described in this press release are not necessarily all of the important factors that could cause actual results or developments to differ materially from those expressed in any of our forward-looking statements. Given these uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements.

CONTACT DETAILS

For further information please contact:

Investor Relations
Castor Maritime Inc.
Email: [email protected]

Media Contact:
Kevin Karlis
Capital Link
Email: [email protected]

FREMONT, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Interlink Electronics, Inc. (Nasdaq: LINK) (the “Company”), a global leader in sensor technology and printed electronic solutions, announced today the conversion (the “Mandatory Conversion”) of all outstanding shares of 8.00% Series A Convertible Preferred Stock (the “Series A Preferred Stock”) pursuant to and in accordance with Section 7 of the Company’s Certificate of Designations, Preferences, Limitations Restrictions and Relative Rights of Series A Preferred Stock (as amended, the “Certificate of Designations”).

Under Section 7 of the Certificate of Designations, the Company may elect to automatically convert all shares of Series A Preferred Stock into shares of Common Stock of the Company, par value $0.001 per share (“Common Stock”), at any time on or after April 22, 2022 if the closing price of the Common Stock equals or exceeds one hundred twenty percent (120%) of the Conversion Price (as defined in the Certificate of Designations), or $10.00 per share, for at least twenty (20) Trading Days (as defined in the Certificate of Designations) within a period of thirty (30) consecutive Trading Days immediately preceding the business day on which the Company issues a press release announcing the mandatory conversion of Series A Preferred Stock (collectively, all of the foregoing, the “Conversion Conditions”). The foregoing Conversion Conditions have been satisfied, and thus each share of Series A Preferred Stock outstanding immediately prior to the Mandatory Conversion has, effective as of the issuance of this press release, been converted into three (3) shares of Common Stock pursuant to and in accordance with Section 7 of the Certificate of Designations.

Stockholders should direct any questions concerning the Mandatory Conversion to the Company, attention Ryan Hoffman, by email at [email protected] or by telephone at (949) 504-4454.

About Interlink Electronics, Inc.

Interlink Electronics is a leading provider of sensors and printed electronic solutions, boasting 40 years of success in delivering mission-critical technologies across diverse markets. Our customers, including global blue-chip companies, trust our products and solutions, which span various markets, including medical, industrial, automotive, wearables, IoT, and other specialty markets. Our expertise in materials science, manufacturing, embedded electronics, firmware, and software enables us to create custom solutions tailored to our customers’ unique needs.

We serve our international customer base from our corporate headquarters and proprietary gas sensor production and product development facility in Fremont, California (Silicon Valley area); our Global Product Development and Materials Science Center and distribution and logistics center in Camarillo, California; and our advanced printed-electronics manufacturing facilities in Shenzhen, China; Irvine, Scotland; and Barnsley, England. For more information, please visit www.InterlinkElectronics.com .

Company Contact:
Interlink Electronics, Inc.
Steven N. Bronson, CEO
[email protected]
805-623-4184

Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and Clay Liolios
[email protected]
949-574-3860

RENO, Nev., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the third quarter of 2025 of $5.1 million or $0.74 per share, a decrease of $2.7 million from $7.8 million or $1.33 per share during the third quarter of 2024.   Diluted earnings per share decreased to $0.73 per share during the three months ended September 30, 2025, down from $1.31 per share during the quarter ended September 30, 2024. Net interest income increased $6.3 million in the quarter and the provision for income taxes declined by $1.1million. These items were offset by an increase of $5.8 million in the provision for credit losses and an increase of $4.3 million in non-interest expense.  The annualized return on average assets was 0.90% for the three months ended September 30, 2025, down from 1.84% for the three months ended September 30, 2024. The annualized return on average equity decreased from 18.1% during the third quarter of 2024 to 8.5% during the current quarter. As noted below, these results were influenced by several one-time items as a result of the acquisition completed in the quarter.

For the nine months ended September 30, 2025, the Company reported net income of $18.6 million or $2.98 per share. This compares to $20.9 million or $3.54 per share earned during the nine months ended September 30, 2024. Earnings per diluted share decreased to $2.94 during the nine months ended September 30, 2025, down $0.56 from $3.50 during the first nine months of 2024. Increases of $7.2 million in net interest income and $1.2 million in non-interest income, and a decline of $0.5 million in the provision for income taxes were offset by an increase of $5.1 million in the provision for credit losses and an increase of $6.0 million in non-interest expense. The annualized return on average assets was 1.35% for the nine months ended September 30, 2025, down from 1.69% for the nine months ended September 30, 2024. The annualized return on average equity decreased from 17.2% during the first nine months of 2024 to 12.2% during the current period.

Acquisition of Cornerstone Community Bank and Cornerstone Community Bancorp

Results for the three and nine months ended September 30, 2025 include the acquisition of Cornerstone Community Bank (CCB), the wholly owned subsidiary of Cornerstone Community Bancorp (Cornerstone), effective July 1, 2025. Total assets acquired from Cornerstone, excluding purchase adjustments, were $658 million, gross loans totaled $478 million, and deposits totaled $580 million. Goodwill associated with the acquisition of Cornerstone was $18.7 million; the core deposit intangible was $11.6 million. In addition, the Company recorded a discount on the acquired loans totaling $15.8 million.

Our financial statements are prepared in conformity with accounting principles generally accepted in the United States (U.S. GAAP). In connection with the acquisition, the Company incurred a variety of non-recurring expenses which are summarized at the end of this report under the heading “Reconciliation of Non-GAAP Disclosure”. The non-recurring expenses for the three and nine months ended September 30, 2025 were $6.2 million and $7.3 million, respectively. Excluding these expenses, non-GAAP net income for the third quarter of 2025 would have been $9.5 million, resulting in diluted earnings per share of $1.35 and return on average assets of 1.66% and non-GAAP net income for the nine months ended September 30, 2025 would have been $23.8 million, resulting in diluted earnings per share of $3.74 and return on average assets of 1.72%.

In addition, during the third quarter of 2025, the Company incurred expenses/income related to the amortization/accretion of various Fair Value (FV) marks required under GAAP. The following table presents the effect on pretax earnings of the amortization/accretion of the FV marks recorded during the three months ended September 30, 2025 and the projected effect for the three months ended December 31, 2025, and twelve months ended December 31, 2026. Positive numbers would increase pretax income and negative are a decrease in pretax income.

The projected accretion of the discount on acquired loans is based on the acquired loans contractual payment schedules and may differ significantly from the actual accretion during the projected periods.

Balance Sheet Highlights
September 30, 2025 compared to September 30, 2024

• Gross loans increased by $493 million, or 49%, to $1.5 billion.
• Deposits increased by $469 million, or 35% to $1.8 billion.
• Shareholder’s equity increased by $64 million, or 35%, to $246 million.
• Book value per share increased by $5.24, or 17%, to $35.38.
• Borrowings decreased by $48 million to $27 million.
• Repurchase agreements increased by $77 million to $94 million.

President’s Comments

“The third quarter of 2025 marked a pivotal moment for Plumas Bancorp with the successful completion of our acquisition of Cornerstone Community Bancorp and Cornerstone Community Bank. We continue to integrate Cornerstone, acquired as of July 1 ^st , following a streamlined conversion in July and retention of most employees from Cornerstone,” Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, stated.

Ryback continued, “To increase net interest margin, we sold off the acquired investment portfolio to provide liquidity to pay off higher costing liabilities including $38.5 million in brokered CDs and a $15 million Federal Home Loan Bank of San Francisco (FHLB) borrowing and then reinvested the residual liquidity back into the investment portfolio at higher rates. Additionally, we transferred over $60 million of third-party reciprocal deposits to our on-balance sheet repurchase agreement product. We expect cost of funds, which increased following the acquisition of Cornerstone, to decrease slightly with these changes along with the Fed rate reduction in September 2025.”

“As we move forward, we remain focused on delivering long-term value to our shareholders, supporting our clients with personalized financial solutions, and investing in the communities we serve,” Ryback concluded.

Loans, Deposits, Investments and Cash

Mostly related to the acquisition of CCB, gross loans increased by $493 million, or 49%, from $1 billion at September 30, 2024, to $1.5 billion at September 30, 2025. Increases in loans included $362 million in commercial real estate loans, $80 million in commercial loans, $32 million in agricultural loans, $22 million in residential real estate loans, $16 million in equity lines and $13 million in consumer and other. These increases were partially offset by decreases of $27 million in automobile loans and $5 million in construction loans.

On   September 30, 2025, approximately 80% of the Company's loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company's lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Approximately 75% of the variable rate loans are indexed to the five-year T-Bill rate and reprice every five years. Loans indexed to the prime interest rate were approximately 21% of the Company’s variable rate loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

Related to the acquisition of CCB, total deposits increased by $469 million from $1.3 billion at September 30, 2024, to $1.8 billion at September 30, 2025. The increase in deposits includes increases of $159 million in demand deposits, $205 million in money market accounts and $112 million in time deposits. Partially offsetting these increases was a decline of $7 million in savings deposits. At September 30, 2025, 47% of the Company’s deposits were in the form of non-interest-bearing demand deposits. As stated earlier we transferred over $60 million of third-party reciprocal deposits acquired from CCB to our repurchase agreement product and paid off $38.5 million in brokered time deposits. These deposits had a weighted average rate of 4.91%. At September 30, 2025, brokered deposits consist of a $10 million time deposit acquired from CCB. The rate on this deposit is 3.80%.

Total investment securities increased by $28 million from $457 million at September 30, 2024, to $485 million at September 30, 2025. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. All investment securities are classified as available for sale. The unrealized loss on investment securities increased by $2 million from $21 million on September 30, 2024, to $23 million on September 30, 2025. Cash and due from banks decreased by $31 million from $118 million on September 30, 2024, to $87 million on September 30, 2025.

Asset Quality

Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) were $15.2 million at September 30, 2025, and $4.8 million at September 30, 2024. Nonperforming assets as a percentage of total assets increased to 0.68% at September 30, 2025 up from 0.29% at September 30, 2024. OREO was $114 thousand at September 30, 2025 and $141 thousand at September 30, 2024. Nonperforming loans were $15.0 million at September 30, 2025 and $4.5 million at September 30, 2024. Nonperforming loans as a percentage of total loans increased to 1.0% at September 30, 2025, up from 0.44% at September 30, 2024. The increase in nonperforming loans is related to one agricultural loan relationship of 15 loans totaling $9.8 million. The borrower on these loans was unable to meet his commitments under modified loan agreements and therefore during the second quarter of 2025 we placed the loans on nonaccrual status. Specific loan loss reserves totaling $870 thousand related to this relationship’s loans were included in the allowance for credit losses at September 30, 2025.

During the first nine months of 2025 we recorded a provision for credit losses of $6.5 million, consisting of a provision for credit losses on loans of $6.3 million and an increase in the reserve for unfunded commitments of $211 thousand. The provision includes growth in the loan portfolio, the Current Expected Credit Losses (CECL) day 1 provision on non-Purchased Credit Deteriorated (non-PCD) loans acquired from CCB and a reserve for unfunded commitments on loans acquired from CCB. This compares to a provision for credit losses of $1.3 million consisting of a provision for credit losses on loans of $1.5 million and a decrease in the reserve for unfunded commitments of $129 thousand during the nine months ended September 30, 2024.

Net charge-offs totaled $219 thousand and $736 thousand during the nine months ended September 30, 2025, and 2024, respectively. The allowance for credit losses totaled $19.6 million at September 30, 2025, and $13.6 million at September 30, 2024. The allowance for credit losses as a percentage of total loans was 1.30% at September 30, 2025, and 1.35% at September 30, 2024.

The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the nine months ended September 30, 2025 and 2024 (in thousands).

Shareholders’ Equity

Total shareholders’ equity increased by $64 million from $182 million at September 30, 2024, to $246 million at September 30, 2025. The $64 million increase includes earnings during the twelve-month period of $26.4 million, common stock and stock options issued in the acquisition of Cornerstone totaling $45.2 million and restricted stock and stock option activity totaling $1.4 million. These items were partially offset by the payment of cash dividends totaling $7.2 million and an increase in accumulated other comprehensive loss of $1.8 million.

Bank Term Funding Program (BTFP)

At September 30, 2024, the Company had outstanding borrowings under BTFP totaling $60 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three and nine months ended September 30, 2024, was $1.2 million and $3.7 million, respectively.

Repurchase Agreements

The Bank offers a repurchase agreement product for its larger customers which use securities sold under agreements to repurchase as an alternative to interest-bearing deposits. Securities sold under agreements to repurchase totaling $93.9 million and $17.0 million at September 30, 2025, and September 30, 2024, respectively, are secured by U.S. Government agency securities with a carrying amount of $104.3 million and $30.4 million at September 30, 2025 and September 30, 2024, respectively. The increase in repurchase agreements is mostly related to the acquisition of CCB. CCB maintained reciprocal deposits with several customers. During July 2025 we converted these deposits to repurchase agreements. Interest expense recognized on repurchase agreements for the three and nine-months ended September 30, 2025, was $317 thousand and $347 thousand, respectively. This compares to interest of $8 thousand and $26 thousand during the three and nine months ended September 30, 2024.

Other Borrowings

Plumas Bancorp has outstanding borrowings of $15 million with a correspondent bank. This loan matures on January 25, 2035, and can be prepaid at any time. During the initial three years the loan functions as an interest only revolving line of credit. Beginning on January 25, 2026 the loan converts into a term loan requiring semi-annual principal and interest payments and no further advances can be made. This borrowing bears interest at a fixed rate of 3.85% for the first 5 years and then beginning January 25, 2027 at a floating interest rate linked to WSJ Prime Rate for the remaining eight-year term. Interest expense recognized on this loan for the three and nine-months ended September 30, 2025, was $148 thousand and $438 thousand, respectively. This compares to interest of $164 thousand and $477 thousand during the three and nine months ended September 30, 2024.

As a result of and upon the completion of the Merger, the Company assumed Cornerstone’s obligations with respect to an aggregate principal amount of $12 million of subordinated notes, comprised of (a) $2 million in aggregate principal amount of 4.75% Fixed to Floating Rate Subordinated Notes due November 30, 2035 (the “2035 Notes”) and (b) $10 million in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2030 (the “2030 Notes”). The 2035 Notes, which were issued in 2020, have a fixed interest rate of 4.75% for the first ten years and thereafter a quarterly variable interest rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”) plus 4.14%. The 2030 Notes, which were issued in 2020, have a fixed interest rate of 4.75% for the first five years and thereafter a quarterly variable interest rate equal to the then current three-month term SOFR plus 4.52%. It is the Company’s intention to redeem the 2030 notes on December 30, 2025. Interest expense recognized on the subordinated notes for the three and nine-months ended September 30, 2025, was $225 thousand.

In addition to these borrowings, CCB had an outstanding borrowing from the FHLB of $15 million which was paid in full in August 2025. Interest expense on this borrowing was $50 thousand for the three months ended September 30, 2025.

Liquidity

The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers' borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive offering rates on deposit products and the use of established lines of credit.

The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $272 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $462 million. The Company is also eligible to borrow at the Federal Reserve Bank (FRB) Discount Window. At September 30, 2025, the Company could borrow up to $63 million at the Discount Window secured by investment securities with a fair value of $72 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at September 30, 2025 and 2024.

The Company estimates that it has approximately $718 million in uninsured deposits. Of this amount, $162 million represents deposits that are collateralized such as deposits of states, municipalities, and tribal accounts.

Customer deposits are the Company’s primary source of funds. Total deposits increased by $469 million from $1.3 billion at September 30, 2024, to $1.8 billion at September 30, 2025. Deposits are held in various forms with varying maturities.

The Company’s securities portfolio, Federal funds sold, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the Federal Reserve Bank of San Fransisco, Federal funds sold and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the foreseeable future.

Net Interest Income and Net Interest Margin – Three Months Ended September 30, 2025

Net interest income was $25.2 million for the three months ended September 30, 2025, an increase of $6.3 million from the same period in 2024. The increase in net interest income includes an increase of $7.9 million in interest income partially offset by an increase of $1.6 million in interest expense.

Interest and fees on loans increased by $8.0 million related to growth in the loan portfolio, mostly related to the acquisition of CCB and to a much lesser extent an increase in yield. Average loan balances increased by $475 million, while the average yield on loans increased by 14 basis points from 6.21% during the third quarter of 2024 to 6.35% during the current quarter. The increase in loan yield includes an increase in SBA fixed rate loans, which currently have a weighted average rate of 8.2%, the repricing of loans that are priced off the 5-year Treasury and a decline in our lower yielding auto loan portfolio. Loans that are priced off the 5-year Treasury are primarily commercial real estate loans; their rate is adjusted every five years.

Interest on investment securities increased by $453 thousand as yield on these securities increased by 7 basis points to 4.06% and the average balance increased by $35 million from $447 million during the three months ended September 30, 2024, to $482 million during the current quarter.

Interest on cash balances decreased by $518 thousand related to a decline in average balance of $19 million and a decrease in average rate paid on cash balances of 94 basis points from 5.44% during the third quarter of 2024 to 4.50% during the current quarter. This decline in yield was related to a decline in rate paid on balances held at the Federal Reserve Bank of San Francisco (FRB). The average rate earned on FRB balances decreased from 5.33% during the third quarter of 2024 to 4.36% during the current quarter.

Interest expense increased by $1.6 million to $4.6 million, mostly related to the acquisition of Cornerstone. The average rate paid on interest bearing liabilities increased from 1.52% during the 2024 quarter to 1.67% during the three months ended September 30, 2025.

Interest paid on deposits increased by $2.3 million and is broken down by product type as follows: money market accounts - $1.8 million, savings deposits - $112 thousand and time deposits - $396 thousand. The average balance of money market accounts during the current quarter was $439 million, an increase of $216 million from $223 million during the three months ended September 30, 2024. The average rate paid on money market accounts increased 105 basis points to 2.22%. The increase is primarily related to higher rate money market accounts acquired in the acquisition of CCB. The increase in interest on savings accounts was driven by an increase in the average rate paid of 15 basis points to 37 basis points. The increase in interest on time deposits includes an increase in average balance of $140 million, partially offset by a decline in average rate paid of 106 basis points to 1.87%. The increase in the average balance of time deposits mostly relates to the acquisition of CCB. The decline in the rate paid on time deposits resulted from a reduction in interest expense of $651 thousand related to the amortization of the fair value mark on time deposits acquired in the acquisition of CCB. This amortization was accelerated with the payoff of the $38.5 million in brokered deposits described earlier. The average rate paid on interest-bearing deposits increased from 0.97% during the third quarter of 2024 to 1.56% during the current quarter. The average balance of interest-bearing deposits increased from $646 million during the three months ended September 30, 2024, to $990 million during the current quarter.

As discussed previously, interest on repurchase agreements and other borrowings, exclusive of the BTFP, increased by $566 thousand from $173 thousand during the three months ended September 30, 2024 to $739 thousand during the current quarter. Interest expense on the BTFP was $1.2 million during the three months ended September 30, 2024.

Net interest margin for the three months ended September 30, 2025, was 4.83%, up from 4.76% for the same period in 2024.

Net Interest Income and Net Interest Margin – Nine months Ended September 30, 2025

Net interest income was $61.9 million for the nine months ended September 30, 2025, an increase of $7.2 million from the same period in 2024. The increase in net interest income includes an increase of $8.0 million in interest income partially offset by an increase of $0.8 million in interest expense.

Interest and fees on loans increased by $9.0 million, mostly related to an increase in average balance. The average balance of loans during the nine months ended September 30, 2025, was $1.2 billion, an increase of $189 million from $982 million during the same period in 2024. The average yield on loans increased by 3 basis points from 6.21% during the first nine months of 2024 to 6.24% during the current period.

Interest on investment securities increased by $536 thousand related to an increase in yield of 17 basis points to 4.09% partially offset by a $736 thousand decline in average balance. The increase in investment yields is consistent with the increase in market rates and the restructuring of the investment portfolio in February of 2024. Average investment securities declined from $457 million during the nine months ended September 30, 2024, to $456 million during the current period.

Interest on cash balances declined by $1.6 million related to both a decline in balance and a decline in yield. The rate earned on cash balances declined by 99 basis points to 4.5% and the average balance declined from $97.2 million during the first nine months of 2024 to $72.2 million during the current period. The decline in rate is consistent with the decline in rate earned on FRB balances.

Related to an increase in interest bearing deposits, an increase in the cost of these deposits and the acquisition of CCB partially offset by a $3.7 million decline in interest on BTFP borrowings, interest expense increased from $8.3 million during the nine months ended September 30, 2024 to $9.1 million during the current period. The average rate paid on interest bearing liabilities was 1.43% during both periods.

Interest paid on deposits increased by $4.0 million and is broken down by product type as follows: money market accounts - $3.4 million, savings deposits - $220 thousand and time deposits - $380 thousand. The average rate paid on interest-bearing deposits increased from 0.85% during the nine months ended September 30, 2024, to 1.35% during the current period. Average interest-bearing deposits totaled $796 million during the nine months ended September 30, 2025, an increase of $157 million from $639 million during the nine months ended September 30, 2024.

Net interest margin for the nine months ended September 30, 2025, increased 11 basis points to 4.87%, up from 4.76% for the same period in 2024.

Non-Interest Income/Expense – Three Months Ended September 30, 2025

Non-interest income totaled $2.2 million an increase of $11 thousand from the third quarter of 2024. The two largest increases were a $254 thousand gain on termination of an interest rate swap acquired from CCB and an increase of $157 thousand in earnings on bank owned life insurance (BOLI) acquired from CCB. In addition several other categories of non-interest income increased mostly related to the acquisition of CCB. The largest decrease was a $628 thousand loss generated on the disposition of CCB’s investment portfolio.

During the three months ended September 30, 2025, total non-interest expense increased by $4.3 million from $10.8 million during the third quarter of 2024 to $15.1 million during the current quarter. The largest components of this increase were merger related expenses of $879 thousand and salary and benefit expenses of $1.9 million. The increase in salary and benefit expense includes an increase in salary expense of $1.3 million mostly related to former CCB employees. Other significant increases in salary and benefits include $312 thousand in bonus expense, $217 thousand in commissions related to an increase in SBA loan fundings and an increase in the accrued vacation liability of $150 thousand. We view the increase in the accrued vacation as a non-recurring expense. Other large increases in non-interest expense, which largely relate to the acquisition of CCB, include $483 thousand in occupancy and equipment costs, $470 thousand in outside services and $564 thousand in amortization of core deposit intangible.

Non-Interest Income/Expense – Nine Months Ended September 30, 2025

During the nine months ended September 30, 2025, non-interest income totaled $7.8 million, an increase of $1.2 million from the nine months ended September 30, 2024. The largest component of this increase was a legal settlement totaling $1.1 million related to the Dixie Fire in August of 2021.

During the nine months ended September 30, 2025, total non-interest expense increased by $6.0 million from $31.6 million during the nine months ended September 30, 2024, to $37.6 million during the current period. The largest components of this increase were salary and benefit expenses of $2.7 million, merger related expenses of $1.9 million, and occupancy and equipment expenses of $908 thousand. The increase in salary and benefit expense included an increase in salary expense of $1.8 million primarily related to the acquisition of CCB and to a lesser extent merit and promotional salary increases. Other significant increases in salary and benefit expense were $569 thousand in bonus expense, $186 thousand in health insurance costs, $174 thousand in payroll taxes and $150 thousand in accrued vacation. The increase in occupancy and equipment expenses mostly relates to the acquisition of CCB and an increase in rent related to the February 2024 sales/leaseback transaction.

Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates nineteen branches: seventeen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, Sutter, and Tehama and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com .

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

Contact: Jamie Huynh
Investor Relations
Plumas Bancorp
5525 Kietzke Lane Ste. 100
Reno, NV 89511
775.786.0907 x8908
[email protected]

NON-GAAP FINANCIAL MEASURES

In addition to results presented in accordance with generally accepted accounting principles in the United States of America (GAAP), this press release contains certain non-GAAP financial measures. Management has presented these non-GAAP financial measures in this press release because it believes that they provide useful and comparative information to assess trends in the Company's core operations reflected in the current quarter's results and facilitate the comparison of our performance with the performance of our peers. However, these non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP.