U.S. Bank Supports Military Members, Their Families, Through Life-Changing Donations

Originally published on U.S. Bank company blog

This May, during Military Appreciation Month, U.S. Bank held several events to honor and recognize military and veteran customers, employees and community members.

A New Home 
U.S. Navy Hospital Corpsman 2nd Class Stuart Fuke was given the keys to a new mortgage-free home May 7 in West Fargo, North Dakota. Fuke, who said he was inspired to join the military by his mother and other dedicated family members, started his service in Great Lakes, Illinois. The Hawaii native, who currently resides in San Diego, California, will continue to pursue a career in culinary arts following his move to the Fargo area.

“This house will actually help me start living life again,” said Fuke. “It’s a good push toward trying to heal again. I’m just honored that Freedom Alliance, U.S. Bank and Thomsen Homes were able to give me that feeling I’ve never had before.” 

The life-changing gift is made possible through the bank’s Housing Opportunities after Military Engagement (H.O.M.E.) program, in conjunction with Freedom Alliance’s Heroes to Homeowners program. Including this donation, U.S. Bank has donated 31 homes valued over $8 million to military families in communities across the country since 2013.

Freedom Alliance provides mortgage-free homes to wounded combat veterans through its Heroes to Homeowners program.

Delivering care packages

Earlier this year, U.S. Bank employees in Minneapolis assembled care packages in partnership with the United Service Organizations (USO), a non-profit founded in 1941 to support members of the armed forces and their families, to be delivered to airmen at the Minot Air Force Base in Minot, North Dakota. The care packages were delivered to the Minot Air Force Base in May to honor and recognize the service and sacrifice these men and women make every day.

In addition to the care packages, U.S. Bank supported 50 expecting mothers by donating diapers and wipes during a baby shower event on base. U.S. Bank also supported military spouses by making paracord bracelets, which include a strong, durable cord that can be used for various purposes, that were gifted during a spouse appreciation event. The paracord bracelets were assembled by a group of U.S. Bank employees in Fargo.

A Gold Star moment

U.S. Bank recently donated new, payment-free vehicles to two Gold Star students at the Bluegrass Museum in Owensboro, Kentucky. Gold Star families are those who have lost an immediate family member in the line of duty while serving in the U.S. Armed Forces.

Parker Madden, a Gold Star son, lost his father, U.S. Army Specialist Russell Madden, who was killed in action in Afghanistan from a rocket-propelled grenade attack on his convoy in 2010. Micaela Trimble, a Gold Star daughter, lost her father, U.S. Army Private First Class Chad Trimble, in 2008 also in Afghanistan. Parker Madden is a student at Western Kentucky University and Michaela Trimble is a recent graduate of Belmont University.

These donations are part of the Driven to Serve program, an initiative between Freedom Alliance and U.S. Bank that pairs available vehicles with military families and service members in need and demonstrates the commitment of each organization to support the nation’s heroes.

In addition to the vehicles, a group of U.S. Bank employees also partnered with the Freedom Alliance earlier this year to assemble care packages that will be given to other Gold Star students who, like Madden and Trimble, received scholarships from Freedom Alliance because of their parents’ sacrifice. The vehicles were donated May 13, which was also national Children of Fallen Patriots Day.

“I really feel like Freedom Alliance and U.S. Bank provided for me in a way that my dad wishes he could have provided for me,” said Trimble. 

A new vehicle

U.S. Bank also provided a payment free vehicle to U.S. Army Sergeant John Moore, who grew up in Nashville, Tennessee. While serving in the Army, Moore was an Artillery Forward Observer. Moore was severely injured during his second deployment in Baghdad. After two years of recovery at the Walter Reed Army Medical Center, Moore now lives in Charlotte, Tennessee, with his wife and children.

This is the bank’s 91st payment free vehicle donation since 2018 and the 57th in partnership with Freedom Alliance.

“We are honored to support John, a true American hero whose courage and sacrifice inspire us all,” said Freedom Alliance President Tom Kilgannon. “This donation is more than a gesture of gratitude—it’s a step toward restoring the independence and quality of life John fought to protect. Freedom Alliance is proud to support this remarkable family, and we are grateful to U.S. Bank for helping make this gift possible.”

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The DICK'S Sporting Goods Foundation Quarterly Giving Series: Q1 2025

Originally published on DICK’S Sporting Goods Sideline Report

TOGETHER, WE CHANGE LIVES

Today we’re bringing you the latest quarterly giving series from The DICK’S Sporting Goods Foundation to highlight the great work being done in support of our mission to help inspire and enable youth sports participation.

In our first quarter of 2025, we:

  • Supported victims of the Los Angeles wildfires and historic flooding in Asheville, North Carolina through donations and community outreach events.
  • Hosted our 7th annual Sports Matter Night with the Pittsburgh Penguins.
  • Teamed up with Brooks for the 2025 Empower Her Collection to donate up to $500,000 to youth running programs across the country.

Read on to learn more.

Disaster Relief Fundraiser Update

In February, DICK’S Sporting Goods and The DICK’S Sporting Goods Foundation pledged more than $10 million to support communities impacted by the devastating wildfires in Los Angeles and the historic flooding in Asheville, North Carolina following Hurricane Helene.

Through a four-week disaster relief campaign at point-of-sale (POS), store teammates raised $977,000. The DICK’S Foundation matched those donations – and brought the total giving from the campaign to $2 million. All proceeds are being directed to schools and non-profit organizations in the Los Angeles and Asheville areas affected by the recent disasters.

Read more about DICK’S and The DICK’S Sporting Goods Foundation’s $10 million natural disaster relief and recovery pledge here.

Scoring Big for Sports Matter

We clinched a win on and off the ice at this year’s 7th annual Sports Matter Night with the Pittsburgh Penguins! More than $19,000 was raised for our Sports Matter Program through our Sports Matter Auction, sale of warm up and mystery pucks and our special ticket offer. We were joined by local corporate and field teammates.

During the game’s first intermission, The DICK’S Sporting Goods Foundation surprised Pittsburgh I.C.E. with a $25,000 Sports Matter Grant! The organization offers kids of all socio-economic backgrounds the opportunity to lace up and learn to play hockey.

Run It Back: DICK’S & Brooks Team Up for the 2025 Empower Her Collection

For the sixth year in a row, DICK’S Sporting Goods and Brooks are teaming up to give every girl a chance to run with the Empower Her Collection.

DICK’S and Brooks together will donate $1 for every pair of socks, $5 for every apparel item and $10 for every pair of shoes with The DICK’S Sporting Goods Foundation logo on it sold through Dec. 31, 2025, up to a combined total of $500,000, to Marathon Kids via The DICK’S Sporting Goods Foundation.

Check out the 2025 Empower Her Collection here.

Celebrating Those Protecting Public Lands

Guides at Public Lands nominated three outstanding organizations for a Public Lands Fund grant. My Team Triumph, The Hiking Buddies and Allegheny Cleanways will each receive a $5,000 grant to continue work to conserve public lands and create a more accessible and equitable outdoors.

Learn more about the Public Lands Fund here.

THESE MOMENTS ARE MADE POSSIBLE BY CONTRIBUTIONS TO THE SPORTS MATTER FUND. IF YOU’D LIKE TO DONATE, VISIT WWW.SPORTSMATTER.ORG.

Written by Hilary Totin

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Gilead Sciences Commemorated the Opening of the Bay Area Young Survivors Breast Cancer Memorial Garden

We recently commemorated the opening of the Bay Area Young Survivors Breast Cancer Memorial Garden in San Francisco’s Golden Gate Park. As the first memorial of its kind, the garden serves both as a place to honor the lives taken by metastatic breast cancer and as a beacon of remembrance and hope for the community. 

We’re dedicated to supporting organizations like BAYS – and we’ll continue our work to create new possibilities for people living with cancer.

Originally published by Gilead Sciences

About Gilead Sciences, Inc.
Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes innovative medicines in areas of unmet medical need. The company strives to transform and simplify care for people with life-threatening illnesses around the world. Gilead has operations in more than 35 countries worldwide, with headquarters in Foster City, California. 

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Wesco Earns 2025 Great Place to Work Certification™

PITTSBURGH, PA, May 30, 2025 /3BL/ – Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, is proud to be Certified™ by Great Place to Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at Wesco.

This year, 83% of employees who responded to the survey said Wesco is a great place to work. This marks a significant improvement of 10 percentage points from Wesco’s 2024 score of 73%, and it also exceeds the average rating across U.S. companies of 57%.

“This recognition highlights the special workplace culture we’ve cultivated here at Wesco,” says Chris Wolf, Executive Vice President and Chief Human Resources Officer. “It’s incredibly rewarding to see our commitment to excellence and inclusivity celebrated at such a prestigious level, with the recognition coming directly from our employees.”

Wesco’s management team was rated positively by employee survey respondents for treating employees fairly, regardless of race, gender, or sexual orientation, with responses to those statements ranking at 90% or above. In addition, 96% of survey respondents indicated that Wesco is a physically safe place to work. The survey results also indicated that 92% of respondents reported they can take time off work when needed.

You can see more of Wesco’s results at their Great Place to Work Company Profile page here: https://www.greatplacetowork.com/certified-company/1421401

Great Place To Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.

According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work.

Explore Wesco’s current job opportunities here: https://www.wesco.com/us/en/our-company/careers.html

“Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. “By successfully earning this recognition, it is evident that Wesco stands out as one of the top companies to work for, providing a great workplace environment for its employees.”

About Wesco
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annual sales in 2024 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact
Jennifer Sniderman
Vice President, Corporate Communications
717-579-6603

About Great Place to Work Certification™
Great Place To Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.

About Great Place To Work®
As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

Learn more at greatplacetowork.com and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram.

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Dakar 2026 Advances Venue and Legacy Plans As Youth Olympic Games Preparations Intensify

International Olympic Committee news

With less than a year and a half until the Youth Olympic Games (YOG) Dakar 2026 begin, the seventh meeting of the International Olympic Committee (IOC)’s Coordination Commission marked another key milestone in Games planning.

The two-day hybrid meeting brought together key stakeholders to review the latest progress in Dakar 2026 preparations. Newly appointed Coordination Commission Chair Humphrey Kayange, IOC President-elect Kirsty Coventry and an IOC delegation participated on-site in Dakar, while other Commission members joined remotely – including IOC Vice-President Nawal El Moutawakel, who has played a pivotal role in the leadership and direction of the Commission from its early stages and has recently been named Vice-Chair. The discussions reaffirmed the shared commitment to delivering Africa’s first Olympic sporting event, with a strong focus on operational success and a lasting legacy for the Senegalese youth.

The meeting opened with a video message from IOC President Thomas Bach, who praised the progress made by the Dakar 2026 Organising Committee (YOGOC) and underlined the unique significance of the first Olympic sporting event on African soil.

“We all know that the Youth Olympic Games Dakar 2026 will be truly special,” he said. “Dakar 2026 will be a moment for Africa to shine on the global stage. Dakar 2026 will welcome young athletes from around the world to celebrate sport, culture and the legendary Senegalese spirit of teranga.”

Learning Academy launches first cohort

A central highlight of the meeting was the official launch of the Dakar 2026 Learning Academy – a flagship initiative designed to train and recruit over 400 young professionals aged 21 to 35 in the lead-up to the Games. This structured programme equips participants with essential skills in Games management and operations, enabling them to support the Organising Committee, while building long-term event delivery capacity across Senegal and the continent.

Venue master plan finalised as works progress

The Coordination Commission welcomed the finalisation of the Dakar 2026 venue master plan, which now includes confirmation of the road cycling route. The race will start and finish along Dakar’s scenic Corniche Ouest, providing a vivid and iconic backdrop. Significant construction progress has also been reported across key venues, enhancing overall venue readiness.

Comprehensive planning across Games operations

In addition to people management, legacy and venues, the Coordination Commission reviewed progress across all functional areas, including technology, ticketing, Games services, marketing, security, athlete education and youth engagement. Progress has been made since the last Commission meeting in November 2024. The Commission emphasised the importance of transitioning towards a more operational and delivery-focused approach, with the YOGOC evolving into its Games-time structure.

Humphrey Kayange, Chair of the Coordination Commission for Dakar 2026, said: “With less than 18 months to go, we are entering the final stretch. These past two days have been incredibly valuable, filled with constructive exchanges that have helped us build a clear picture of where we stand. The momentum that’s been built gives us confidence as we move forward towards delivering extraordinary Games for Africa.”

Ibrahima Wade, General Coordinator of the YOGOC, also reflected on the progress made and the strengthened commitment from all stakeholders: “By the end of this 7th meeting, the Coordination Commission, led by its new Chair, Humphrey Kayange, had seen and welcomed the considerable progress made in the various areas related to the YOG Dakar 2026 preparations, and observed that the stage is set for memorable YOG on African soil. It was heartening to hear IOC President-elect Kirsty Coventry’s re-affirmed commitment to supporting our project. This is an additional reason for the OCOG teams and all the national stakeholders to feel motivated and engaged. The spirit of co-creation between the IOC and Dakar 2026 that has been present so far is evident once again.”

Corniche de Dakar to host Espace Let’s Move

Plans were also shared for the Corniche de Dakar, which will serve as the main hub for celebration and youth engagement during Dakar 2026. This iconic coastal stretch will host Espace Let’s Move, a vibrant zone featuring engagement sports alongside a comprehensive programme of cultural, educational and interactive activities. Organised in partnership with national federations and local stakeholders, the area will offer sports demonstrations, health and nutrition workshops and activations promoting the Olympic values. Live entertainment and local food stalls will help create an inclusive, festival-like atmosphere that welcomes young people and families into the heart of the Games experience.

Dakar en Jeux 2025 to celebrate youth, sport and Olympic values

Looking ahead, the Dakar en Jeux Festival will return later this year for its fourth and final edition before the YOG. Taking place from 3 to 9 November 2025, the festival will once again bring together sport, culture, education and health in a dynamic week-long celebration that reflects the spirit and values of the Games.

The YOG Dakar 2026 will take place for two weeks from 31 October, bringing together the world’s best young athletes aged up to 17 years. The Games will be held across three host sites (Dakar, Diamniadio and Saly).

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The International Olympic Committee is a not-for-profit, civil, non-governmental, international organisation made up of volunteers which is committed to building a better world through sport. It redistributes more than 90 per cent of its income to the wider sporting movement, which means that every day the equivalent of USD 4.7 million goes to help athletes and sports organisations at all levels around the world.

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For more information, please contact the IOC Media Relations Team:
Tel: +41 21 621 6000, email: pressoffice@olympic.org, or visit our web site at www.ioc.org.

Broadcast quality footage

The IOC Newsroom: https://newsroom.olympics.com/

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To request archive photos and footage, please contact our Content Licensing Unit at: images@olympic.org.

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Rita’s Adds a Twist to Summer with New Limeade Frozen Lemonade Ice Blender and Annual Alex’s Lemonade Stand Foundation Fundraiser

PHILADELPHIA, May 30, 2025 /PRNewswire/ — Rita’s Italian Ice & Frozen Custard, the world’s largest Italian Ice brand, is turning up the flavor this summer with the debut of the new Limeade Frozen Lemonade Ice Blender —and continuing its long-standing commitment to supporting families affected by childhood cancer through its partnership with Alex’s Lemonade Stand Foundation.

Available for a limited time, Rita’s new Limeade Frozen Lemonade joins the Frozen Lemonade Ice Blenders lineup alongside fan favorites Classic Lemon and Strawberry. These frozen, sippable treats are the ultimate way to beat the heat, offering guests a cool, fruity way to refresh all season long.

Content for your Consideration: https://spaces.hightail.com/receive/2Mu6tkSjAx

As part of its continued partnership with Alex’s Lemonade Stand Foundation (ALSF), Rita’s is giving guests a refreshing way to make a difference. From Monday, May 19 through Sunday, June 29, for every Frozen Lemonade Ice Blender sold, Rita’s will donate $1 to ALSF, up to $10,000, to help fund the travel needs of families who are fighting cancer. ALSF is an organization with a mission to change the lives of children with cancer through funding impactful research, raising awareness, supporting families, and empowering everyone to help cure childhood cancer. Guests can also show their support by making a $1 donation in-shop, earning a spot on Rita’s Wall of Hope, a symbol of community solidarity and support for the cause. Donations can also be made online at https://www.alexslemonade.org/2025/2025-ritas-campaign.

Since 2006, Rita’s has raised over $5.8 million to support Alex’s Lemonade Stand Foundation through its in-store fundraisers, demonstrating its dedication to positively impacting the communities it serves.

“Our Frozen Lemonades are a go-to for guests looking to beat the heat, and this year’s new Limeade flavor adds a bright, citrusy twist,” said Carmela Hughley, Senior Vice President of Marketing Insights and Innovation at Rita’s Italian Ice & Frozen Custard. “We’re also honored to continue our partnership with Alex’s Lemonade Stand Foundation to support kids and families affected by childhood cancer. It’s a cause that’s close to our hearts and to the communities we serve.”

“We are delighted that Rita’s chose to partner with us again this lemonade season! Their dedicated shops and customers are among our longest standing partners and truly care about helping kids with cancer,” said Liz Scott, Alex’s mom and Co-Executive Director at Alex’s Lemonade Stand Foundation. “We are grateful for their continued partnership in helping end childhood cancer.”

Looking for more sweetness? Download the Rita’s Ice app to start earning rewards on your purchases. New members can enjoy a free small Ice, Custard, or Gelati after their first purchase just for signing up. Those who aren’t Rita’s loyalty members yet can download the Rita’s Ice app from the Apple or Google Play stores, or by visiting ritasice.com/app/. Join now to receive free treats, birthday rewards, exclusive app offers and more!

Rita’s signature Italian Ice is made fresh daily on-site and available in a rotating daily selection from over 80 flavors. Other menu items at Rita’s include creamy Frozen Custard, signature Gelati, Concretes, Frozen Coffee, Rita’s Blenders™, Milkshakes and more. For more information about Rita’s Italian Ice & Frozen Custard and to find your closest location, please visit http://www.ritasice.com/.

About Rita’s Italian Ice & Frozen Custard:
Rita’s Italian Ice & Frozen Custard opened its doors in Bensalem, Pa. in 1984, and has been dedicated to spreading “Ice, Custard, Happiness!” ever since. Now, Rita’s is the largest Italian Ice concept in the world with over 575 shops. Guests around the world visit Rita’s to celebrate their everyday moments with freshly made cool treats in a fun-filled atmosphere. Known for its famous Italian Ice, made daily featuring real fruit, and signature Frozen Custard, Rita’s serves a taste of happiness with each delicious treat. For more information about Rita’s Italian Ice, please call 1-800-677-7482 or visit http://www.ritasice.com/.

Media Contact:
Carly Hutter
For Rita’s Italian Ice & Frozen Custard
610-908-6150
ch@alliancemarketingpartners.com       

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SOURCE Rita’s Italian Ice & Frozen Custard

Northstar Reports First Quarter 2025 Financial and Operating Results

CALGARY, AB, May 30, 2025 /PRNewswire/ – Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company“) is pleased to announce our financial and operating results for the three-month period ended March 31, 2025.  Selected financial and operational information is set out below and should be read in conjunction with the Company’s March 31, 2025 Condensed Interim Financial Statements and the related Management’s Discussion and Analysis, which are available for review at www.sedarplus.ca or the Company’s website at www.northstarcleantech.com.

First Quarter 2025 Financial and Operational Highlights

The first quarter of 2025 witnessed a number of significant developments and achievements, together with a few key funding achievements subsequent to the quarter-end, namely:

  • Operational
    • The Company successfully completed construction efforts of the Empower Calgary Facility; and
    • Following the successful completion of construction, the Company began the important task of commissioning the Empower Calgary Facility. The Company’s asphalt shingle reprocessing facilities are broadly broken into two main phases: (1) feedstock preparation and mechanical separation of aggregate, and (2) hydrocarbon treatment and processing. The Company successfully completed all commissioning efforts of the first phase and now continues to commission the second phase. Once those efforts are completed, the Empower Calgary Facility will be turned over to operations, currently scheduled for mid-year 2025.
  • Plant Expansions – significant steps continued towards expansion efforts of the Company’s business model, including:
    • Empower Hamilton Facility – the Company executed a letter of intent with YORK1 Environmental Waste Solutions Ltd. to supply up to 10,000 tonnes of waste roofing shingles with an understanding to increase supply volumes through time. Execution of supply agreements represents a critical step in establishing a working facility. This first supply agreement followed closely on the announcement in late 2024 of the Company signing a letter of intent with the Great Lakes Port Management Inc., a subsidiary of the Hamilton-Oshawa Port Authority, for a long-term lease for an industrial zoned property located in Hamilton, Ontario as the site for the Company’s planned facility in southwestern Ontario;
    • US Expansion – the Company continues to expend time and energy in the selection of a suitable site for our inaugural reprocessing facility in the United States. As has been previously communicated by the Company, selection criteria have focused on areas that represent an operational fit with the Company’s strategic financial partner, TAMKO Building Products Inc.; and
    • Empower Delta Facility – during the quarter, the Company successfully secured a fifteen-year lease at its existing Delta, British Columbia location. This paves the way to retro-fit the existing pilot facility at this location to a full-scale commercial facility. The site currently holds all necessary regulatory approvals and permits for light industrial operations, offering a future expansion opportunity with reduced timelines and costs associated with permitting and site development.
  • Liquidity – commensurate with execution of the business plan, the Company successfully received proceeds under previously negotiated funding agreements, consisting of:
    • $3.9 million from Emissions Reduction Alberta, subsequent to the quarter-end, upon completion of Milestone 2, which includes among other items, all major processing units installed and electrified and substantial completion as defined in the Builder’s Lien Act;
    • $617 thousand final draw subsequent to the quarter-end under the Business Development Bank $8.75 million non-revolving senior secured project loan facility; and
    • $248 thousand received during the quarter from the exercise of existing stock options and warrants. Year-to-date, the Company has received $392 thousand from the exercise of stock options and warrants. Outstanding common shares as of May 29, 2025 totaled 137,051,985.

 Financial Results

(CAD$, except per share amounts and common shares outstanding)

 Three Months Ended Mar. 31 

FINANCIAL RESULTS

2025

2024

Loss and comprehensive loss

2,949,917

1,581,578

Per share – basic and diluted

0.02

0.01

Net cash flow used in operating activities 

2,338,652

1,201,168

Per share – basic and diluted

0.02

0.01

Capital expenditures

Capital expenditures

4,080,489

1,848,278

Liquidity & Capitalization

Working capital (deficit) surplus 

(426,551)

3,440,770

   7.95% senior secured non-revolving loan (1)

8,132,302

Convertible debentures – principal amount (2)

9,505,000

5,700,000

Royalty debenture (3)

14,773,500

 Common shares outstanding

Weighted average – basic and diluted

132,942,452

126,710,381

Outstanding, end of period

134,306,216

126,710,381

(1) As at March 31, 2025, the Company had drawn $8,132,302 from the BDC Financing, with $617,698 remaining undrawn.   See Note 7 in the Company’s Condensed Interim Consolidated Financial Statements as at March 31, 2025.

(2) Since December 2022, the Company has entered into various financing arrangements through the issuance of convertible debentures in tranches, raising a total of $10,405,000 at interest rates varying between 10% and 12.5%. As at March 31, 2025, principal amounts totalling $9,505,000 remain outstanding, reflecting $900,000 of proceeds received in exchange for conversion into common shares.  See Note 8 in the Company’s Condensed Interim Consolidated Financial Statements as at March 31, 2025.

(3) On September 13, 2024 the Company completed an agreement with CVW CleanTech Inc. (“CVW”) pursuant to which CVW provided the Company with $14,000,000 in funding through a five-year 10.0% second secured convertible debenture (the “Royalty Debenture”) convertible into revenue royalties on two future facilities.  Balance includes the increase in fair value since inception.  See Note 9 in the Company’s Condensed Interim Consolidated Financial Statements as at March 31, 2025.

About Northstar

Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar’s mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/

For further information about Northstar, please visit www.northstarcleantech.com.

On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director

Cautionary Statement on Forward-Looking Information 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company’s current expectations regarding future events. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “aim”, “objective” or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar’s plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii)  operations to commence mid-year 2025; (iii) the ability of the Company to expand into other regions, namely Hamilton, Ontario and the United States; and  (iv) Northstar’s ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading “Risk Factors” in the Company’s annual and quarterly management’s discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company’s profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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Dry Transformer Insulation Market worth $1.21 billion by 2030 – Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., May 30, 2025 /PRNewswire/ — The report ‘Dry Transformer Insulation Market by Type (Coatings (Electrical Insulation, Fire-Resistance & Thermal Protection, Moisture & Environmental Protection), Solid Insulators (Electrical Insulation, Bushings & Terminals, Other)), Component (Winding, Core, Enclosure, Bushing, Spacers & Supporters), and Region – Global Forecast to 2030′, is projected to reach USD 1.21 billion by 2030 from USD 0.93 billion in 2025, at a CAGR of 5.5% during the forecast period.

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The growth of the dry transformer insulation market is primarily driven by a high emphasis on safety, sustainability, and technological advancements. The increasing demand for enhanced safety and eco-friendly solutions in power distribution systems serves as a significant catalyst for market expansion. Unlike traditional oil-filled transformers, dry-type transformers employ solid insulation materials, effectively mitigating risks associated with oil leaks and eliminating fire hazards inherent to oil-based units. This characteristic makes them particularly suitable for installations in buildings and urban environments where safety and occupant accessibility are critical.

Browse in-depth TOC on ‘Dry Transformer Insulation Market’
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Moreover, stringent environmental regulations and rising energy efficiency demands compel power utilities and various industries to transition to cleaner technologies. Dry transformer insulation, which utilizes non-toxic and recyclable materials, reduces overall carbon emissions while supporting green building certifications and sustainability initiatives. The growing adoption of automatic distribution systems, such as smart grids, along with the integration of renewable energy sources, necessitates reliable, low-maintenance, and performance-driven transformers that align with dry insulation technology. Furthermore, the expansion of urban populations and infrastructure development in emerging economies is driving new installations across utilities, real estate, healthcare, and data center sectors, where safety and operational efficiency—both in terms of space and performance—are of utmost importance. As advancements continue to enhance the thermal and mechanical properties of dry insulation systems, their appeal as a viable alternative in the energy sector is poised to increase.

Solid insulation segment to hold largest share of dry transformer insulation market during forecast period

Solid insulation is expected to hold the largest share of the dry transformer insulation market, attributed to its superior performance and safety advantages. Materials such as epoxy resin and polyester exhibit exceptional dielectric strength, thermal stability, and moisture resistance, making solid insulation highly suitable for urban and industrial dry-type applications. Unlike liquid insulation, solid insulation eliminates leakage risks and mitigates fire hazards and environmental contamination, enabling manufacturers to comply with stringent regulations while adhering to sustainability standards.

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Furthermore, solid insulation enhances the longevity of transformers by minimizing maintenance requirements and operational costs. The growing demand for safe, reliable, and energy-efficient power distribution systems, particularly in high-density areas and in conjunction with renewable energy sources, underscores the significance of solid insulation. The adaptability of solid insulation facilitates compact designs that can be seamlessly integrated into the limited spaces typical of commercial buildings and data centers. Advances in insulation technology, alongside a balance of manufacturing costs and durability—especially in the Asia Pacific region—have solidified the solid insulation segment’s dominance in the dry transformer insulation market.

Windings segment to hold largest share of dry transformer insulation market during forecast period

The winding segment is expected to hold the largest market share due to its critical role in transformer functionality. The insulation of windings necessitates the use of specialized materials. Dry transformers employ solid-state insulation solutions, including epoxy resin, fiberglass, and mica, to encase the windings, facilitating electrical separation and heat dissipation without relying on liquid cooling methods. The production of solid and composite materials is generally capital-intensive, attributed to their fire-resistant and environmentally friendly characteristics and the intricate manufacturing processes involved, such as vacuum pressure impregnation and cast resin encapsulation, which significantly enhance durability and safety. The rising demand for energy-efficient and environmentally sustainable transformers—driven by trends such as urbanization, industrialization, and the integration of renewable energy sources—further fuels the need for specialized insulation for windings. These components must endure high voltage conditions and exceptional operational environments, requiring the use of premium, high-cost materials such as coated copper or aluminum conductors. This necessity escalates the overall expenditure and amplifies the market share associated with windings.

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Europe to be second-largest market for dry transformer insulation during forecast period

Europe commands the second-largest share of the dry transformer insulation market for several key reasons. Firstly, the region is characterized by robust regulations and a comprehensive decarbonization strategy that emphasizes sustainability and energy efficiency. The European Union (EU) is increasingly implementing policies designed to address environmental challenges and facilitate decarbonization across its member states. This regulatory landscape is driving significant investments and productivity enhancements that align with these sustainability goals.

Dry-type transformers, which utilize solid insulation instead of oil, are well-aligned with these objectives due to their reduced environmental hazards, greater safety, and minimal maintenance requirements. The urgency to modernize aging power infrastructure within Europe necessitates substantial immediate investments to upgrade or replace outdated systems. This modernization is essential for effectively integrating the renewable energy funding required in this transition. Consequently, the development of efficient, safe, and compact transformer solutions is critical.

Additionally, Europe represents one of the most advantageous markets globally for firms with a mature industrial base focused on tangible results. The robust growth of dry-type transformer manufacturers can be attributed to their capacity for innovation and the enhancement of existing engineering capabilities related to materials and insulation. The transformation of energy infrastructure is imperative to accommodate urbanization, resulting in heightened demand for advanced systems, particularly in countries like Germany, France, and the UK that are progressing towards smart grid solutions. Furthermore, the emphasis on minimizing fire risks associated with environmental safety significantly enhances the attractiveness of dry transformers in comparison to traditional oil-filled models.

Key players

The dry transformer insulation market report comprises key manufacturers including 3M (US), The Sherwin-Williams Company (US), PPG Industries, Inc. (US), DuPont (US), WEG (Brazil), Huntsman International LLC (US), ALTANA AG (Germany), Krempel GmbH (Germany), PUCARO Electrical Insulation GmbH (Germany), and Kansai Altan (Turkey).

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Domestic Violence Survivor Support

At Gen, we believe that everyone should feel safe and able to take full advantage of the digital world. The knowledge that our personal data and financial information are protected brings invaluable peace of mind, and we aim to provide that sense of confidence to individuals across the globe, including members of our most vulnerable communities.

That’s why we work with organizations like the National Network to End Domestic Violence (NNEDV), the leading voice in the United States for domestic violence survivors and their advocates. Together, we’ve joined the fight against technology abuse, a growing part of domestic violence that often includes online stalking, identity theft or financial abuse.

Through product donations and volunteer initiatives, we’ve helped raise awareness of tech-facilitated abuse, created tools that make survivors’ lives online safer and more private, and continued to support our nonprofit partners serving these communities on the ground.

Providing Survivors with Tools to Help Stay Cyber Safe 

In 2024, we launched a targeted donation program through our partnership with TechSoup to provide more than 3,700 Norton product licenses to domestic violence survivors across the U.S. TechSoup helps facilitate the donations to the Safe Shelter Collaborative, which in turn delivers the products to survivors through its network of member organizations.

The donated products include Norton 360 Deluxe, which can prevent activity or location tracking, information theft, installation of malicious programs and uninvited changes to devices, and Norton Secure VPN, which protects the user’s online privacy by hiding the computer’s address from websites visited from any device.

NNEDV, which represents the 56 U.S. state and territorial domestic violence coalitions, who in turn represent more than 2,000 local programs and the millions of survivors they serve annually, also collaborates on the donation program.

Coming Together to Support Survivors 

Gen team members from across the company have volunteered their time and effort in service of survivors through a series of recent events. In April, our Head of Corporate Responsibility and our Director of AI & Innovation spoke alongside NNEDV representatives on a virtual panel about how to support domestic violence survivors in the digital age.

The conversation covered the threats that survivors face online, how to identify tech-facilitated abuse when it happens and how advocates can help survivors increase their digital privacy. The event also shone a spotlight on some of the digital resources we’ve co-created with NNEDV, such as the Financial Abuse and Technology Guide and the Securing Devices and Accounts Guide. These tools are in addition to our $100,000 annual grant to NNEDV, supporting the organization’s Safety Net technology abuse response initiative as well as its Economic Justice program.

Subsequently, Gen team members at every one of our U.S. locations, including our new MoneyLion offices in New York and New Jersey, as well as our remote U.S. employees, participated in events facilitated by Visit.org that benefited domestic violence survivors as part of our 2025 Global Volunteer Week. Together, Gen volunteers assembled nearly 500 backpacks for survivors that included food, hygiene items and physical copies of the resources we developed with NNEDV to help survivors stay safe online. This meaningful partnership with NNEDV helped enhance the impact of the events and further spread the word about the organization’s critical work.

“I grew up in and used to work in shelters around New York, so I know how much this means,” said one volunteer. “We wrote messages for survivors and packed kits with everyday essentials… And it was great to be able to do good alongside coworkers.”

These grants were awarded from the Gen Foundation, a corporate advised fund of Silicon Valley Community Foundation.

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Elegoo Expands CSR Programs for Social Inclusion, Marking 10 Years of Empowering Creators

SHENZHEN, China, May 30, 2025 /PRNewswire/ — Elegoo, a rapidly developing brand in global smart manufacturing, has expanded its corporate social responsibility (CSR) programs with the launch of ELEGOO Empowers, a new initiative promoting social inclusion, STEM education, and equal opportunity through 3D printing technology. The launch marks a key milestone as the company celebrates its 10th anniversary.

Students exploring Elegoo’s Neptune series 3D printer during a workshop. Photo courtesy of Alconbury CofE Primary School.

This initiative builds on and unifies Elegoo’s ongoing CSR efforts under a stronger, more cohesive framework, including three key programs:

ELEGOO Gives A Hand: Harnessing 3D printing to deliver practical, reliable solutions for people and animals in need, while inspiring creativity and joy among users worldwide. From prosthetics to harnesses and assistive devices, Elegoo develops these in collaboration with partners like 3D Pets. More heartwarming projects are on the way.

ELEGOO With Her: Encouraging more women to develop their 3D printing skills through hands-on workshops and a supportive community. As the first 3D printer manufacturer to take meaningful steps toward addressing the gender gap, Elegoo is creating a more inclusive space where women can learn, connect, and build projects that expand the possibilities of 3D printing and create real-world impact. Projects by current participants will be showcased this June.

ELEGOO In Action: Promoting STEM education by providing 3D printers, supporting learning initiatives, and offering hands-on resources to schools, libraries, and student clubs worldwide, helping young creators explore robotics, model car building, and other real-world applications. Since last year, Elegoo has partnered with over 120 schools and student teams around the world.

“With ELEGOO Empowers, we’re taking that spirit beyond the desktop to help build a more inclusive and connected world,” said Chris Hong, Founder and CEO of Elegoo. “Inspired by the voices of our users, we will continue on this path and warmly invite more partners to join us in making this technology more meaningful and accessible.”

As 3D printing continues to evolve, Elegoo has spent the past 10 years leveraging the technology to empower users around the world. Many have shared their “ELEGOO moments” of giving back and helping others. Looking ahead, Elegoo is committed to making 3D printing more accessible and advancing its ESG efforts to create a more sustainable and inclusive future.

About Elegoo

Founded in 2015, Elegoo is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 90 countries and regions. In 2024, the company’s total sales revenue surpassed 200 million USD, with more than 800 employees and nearly 30,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, Elegoo provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

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SOURCE ELEGOO