Month: May 2025

NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on May 16th

• U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
• The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
• As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.

Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.

Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.

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SOURCE New York Stock Exchange

NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on May 16th

• U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
• The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
• As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.

Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.

Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.

Download the NYSE TV App and Subscribe Here 

View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-advisory-pre-market-update–nyse-celebrates-233-years-forward-302457764.html

SOURCE New York Stock Exchange

DALLAS, May 16, 2025 /PRNewswire/ — Goodwill Industries of Dallas is excited to announce the grand opening of its newest location, a state-of-the-art store and donation drop-off center, set to open its doors on June 5, 2025. This store is the non-profit’s 19^th location in its eight-county service area and represents Goodwill’s mission-integrated social enterprise that is dedicated to helping people with barriers recognize and reach their full potential through the power of a job.

The new store, located at 3621 North Josey Lane, Carrollton, TX 75007, will be a one-stop shop for neighbors looking to find a new home for their donated goods and for families and treasure hunters looking for affordable, quality goods, including clothing, household items, and electronics. The donation drop-off center will feature a drive-thru and online receipt process making it easier than ever to donate gently used items with convenience and confidence that each donation has a 100% local impact.

“We are thrilled to open a second store here in Carrollton, which reflects our ongoing dedication to helping the environment through the reuse and recycling of the community’s generous donations and to helping individuals through our mission of changing lives, one job at a time,” said Tim Heis, President & CEO of Goodwill Industries of Dallas. “Every purchase made, and every item donated directly supports our free career training and job placement programs, making a tangible difference in the lives of many.”

The grand opening celebration will kick off at 9:00 AM on June 5th, featuring special promotions, refreshments, and family-friendly activities. Members of the community are invited to join us in celebrating this significant milestone in Goodwill’s mission to empower North Texas to achieve their life goals by providing the tools and resources needed.

Goodwill Industries of Dallas has been committed to its mission for over 100 years, providing workforce development training, programs, and support services for individuals facing barriers to employment. With this new location, Goodwill aims to expand its impact and continue fostering economic independence within the community.

About Goodwill Dallas
Goodwill Industries of Dallas, Inc. is a 501(c)(3) not-for-profit organization dedicated to changing lives, one job at a time. Since 1923, it has served the Dallas community by providing opportunities, training, and employment services to individuals with disabilities and other barriers to employment. Today, it helps people in eight counties across North Texas, including Dallas, Ellis, Kaufman, Navarro, Rains, Rockwall, and parts of Collin and Denton counties build skills, find jobs, and reach their full potential through its donated goods business, workforce development services, and other social enterprise models. Goodwill’s no-cost, individualized job training and placement program, coupled with its community resource and referral services, ensures job seekers receive the support and guidance they need to succeed. When North Texans donate to Goodwill Dallas, they provide an opportunity for individuals and their families to earn a living wage, build stronger communities, and enrich their lives.

Media Contact:
Alexandra Mazzi
2142407677
395298@email4pr.com

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SOURCE Goodwill Industries of Dallas, Inc

CALGARY, AB, May 16, 2025 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (“Exro” or the “Company“), a leading clean technology company specializing in power control solutions for electric vehicles and energy storage, is pleased to announce a funding commitment from a long-term institutional shareholder (the “Lender“) to provide up to US$30 million  pursuant to a senior secured loan facility (the “Facility“).

The proceeds of the Facility will enable Exro to maintain operations and execute its business plan while advancing a strategic review process supported by an independent strategic advisor (the “Strategic Advisor“) who has been retained by the Company. The review is intended to evaluate a range of outcomes including strategic partnerships, capital restructuring, M&A opportunities, and other corporate transactions.

The Facility

The Facility is a secured, non-revolving, multiple-draw credit facility. Highlights include:

• Facility Size: Up to US$30 million
• Disbursements: Funds will be advanced in milestone-based tranches, with the initial tranche of US$2 million expected to be advanced on May 20, 2025.  Milestones are set out below.
• Convertible Debenture Condition: A condition of the second milestone-based tranche is that the Company shall have either (1) obtained a postponement of security from a requisite majority of debentures issued pursuant to an indenture dated December 30, 2022 (the “Convertible Debentures“), or (2) issued a redemption notice pursuant to which the Convertible Debentures would be redeemed in exchange for shares.
• Use of Proceeds: Working capital, implementation of the strategic plan, and retention of advisors and legal support.
• Non-Convertible: The facility is not convertible into equity. 
• Warrants: Subject to receipt of TSX approval, the Lender will be issued warrants to purchase up to 75 million common shares at a nominal price.

Milestones

The milestones for advances under the Facility are as follows;

Debentureholder Consent

Exro has C$15 million of senior secured Convertible Debentures outstanding, with a first lien over substantially all of the Company’s assets.  Exro also has senior secured notes (the “Notes“) outstanding, secured by substantially all of the Company’s assets but subordinate to the Convertible Debentures.

The Company intends to solicit a postponement of security from a requisite majority of the Convertible Debentures.  The postponement of security, if obtained, would result in:

• the Facility and the Notes being secured by a first lien; and
• the Convertible Debentures being secured by a second lien.

In the alternative, the Company has the contractual right (subject to TSX approval) to redeem the Convertible Debentures for shares.  Pursuant to the Indenture, the redemption price is equal to 105% of par value plus 100% of accrued interest, with consideration being common shares issued at a share price based on the 5-day volume weighted average price of the shares for the five business days preceeding issuance of the redemption notice.

Strategic Wind-Down of APAC Subsidiary

As part of its focus on core markets and capital efficiency, Exro has initiated an orderly wind-down of its Australia-based subsidiary. Legal counsel has been retained, and the Company is working to resolve all lease, employment, and regulatory matters. This strategic decision supports the Company’s ongoing focus on cost reductions and reallocation of resources to high-impact markets with stronger commercial traction and more efficient capital deployment.

Looking Ahead

Exro is entering a pivotal phase with the financial flexibility and strategic lens to evaluate a range of opportunities that align with its core technology and market focus. The ongoing strategic process is designed to unlock value—whether through partnerships, transactions, or focused execution on high-impact initiatives. With strengthened capital backing and a clear mandate, Exro remains committed to pursuing the best path forward for its shareholders.

ABOUT EXRO TECHNOLOGIES INC.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new-generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results. 

For more information visit our website at www.exro.com.

To view our Corporate Presentation visit us at www.exro.com/investors

Visit us on social media @exrotech.

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified using terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company with the Canadian securities regulators, including the Company’s annual information form for the financial year ended December 31, 2024, and financial statements and related MD&A for the financial year ended December 31, 2024, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties, and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated, or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

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SOURCE Exro Technologies Inc.

Join Us This Memorial Day to Honor Our Veteran Heroes and Their Legacies

NORTH ARLINGTON, N.J., May 16, 2025 /PRNewswire/ — Catholic Cemeteries of the Archdiocese of Newark invites the public to gather in prayer and gratitude at Memorial Day Masses held across its cemeteries on Monday, May 26, 2025, at 11:00 a.m. These annual outdoor services serve as a solemn and unifying tribute to the men and women who gave their lives in service to our country, as well as to all veterans and active-duty military.

As part of the national program “Serving God and Country: A Memorial Day Salute to Our Heroes,” developed by the Catholic Cemetery Conference, these Masses honor those who paid the ultimate price for our freedom while uplifting all who have served—and continue to serve—with courage and faith.

“Our Memorial Day Masses remind us of the sacred duty we share in remembering and praying for our veterans,” said Joseph M. Heckel, K.H.S., CCCE, Executive Director of Catholic Cemeteries. “We invite everyone to come together in unity, reflection, and remembrance.”

Most Masses will be held outdoors under canopies, with seating provided. Gate of Heaven and Maryrest Cemeteries will host indoor services inside their mausoleums.

A highlight of this year’s observance will be His Eminence Cardinal Joseph W. Tobin, C.Ss.R., D.D., Archbishop of Newark, who will celebrate the Memorial Day Mass at Holy Cross Cemetery in North Arlington, where the stunning new Open-Air Mausoleum of the Holy Spirit, and the Chapel Mausoleum of Our Lady – are both currently under construction.

Explore the serene beauty and dignified atmosphere of our newest additions, designed to capture the essence of a campus-style atmosphere in perfect harmony with our sacred grounds.

Memorial Day Masses and Celebrants:

• Holy Cross Cemetery, North Arlington, NJ – Cardinal Joseph W. Tobin, C.Ss.R., D.D.

• Gate of Heaven Cemetery, East Hanover, NJ – Most Reverend Manuel A. Cruz, D.D.

• Maryrest Cemetery, Mahwah, NJ – Most Reverend Michael A. Saporito, D.D.

• Saint Gertrude Cemetery, Colonia, NJ – Most Reverend Elias R. Lorenzo, O.S.B., D.D.

• Holy Name Cemetery, Jersey City, NJ – Most Reverend Gregory J. Studerus, D.D.

• Christ the King Cemetery, Franklin Lakes, NJ – Very Reverend John J. Chadwick, S.T.D.

• Holy Sepulchre Cemetery, East Orange, NJ – Reverend Philip J. Waters, O.S.B.

This moving tradition is a time to pause, reflect, and express our deepest gratitude for those who served with honor. All are welcome to attend and take part in this meaningful celebration of faith, freedom, and remembrance.

For full details and a tribute video, please visit: www.rcancem.org/memorial-day-mass

Throughout the year, Catholic Cemeteries of the Archdiocese of Newark continues to honor veterans with monthly remembrance Masses, special observances on Veterans Day and Flag Day, and the placement of over one thousand American flags on veterans’ graves each Memorial Day, remaining through Flag Day.

For more information about Catholic Cemeteries of the Archdiocese of Newark and their ministry, contact a Memorial Planning Advisor at cemetery@rcan.org or visit www.rcancem.org.

#MemorialDayMass #HonoringHeroes #CatholicCemeteries #ArchdioceseOfNewark

About Catholic Cemeteries of the Archdiocese of Newark
The Ministry of Catholic Cemeteries of the Archdiocese of Newark exists to meet the needs of individuals and families before, at the time of death and burial, and throughout bereavement. They also provide Monthly Masses of Remembrance celebrated at Archdiocesan Catholic cemeteries throughout the year, typically during the first week of each month and on special days. Contact a caring and professional Memorial Planning Advisor at cemetery@rcan.org or learn more at www.rcancem.org. Hablamos español. Para más información, visite www.rcancem.org/en-espanol.

 

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SOURCE Catholic Cemeteries of the Archdiocese of Newark

RAYONG, Thailand, May 16, 2025 /PRNewswire/ — ChangAn Automobile (“ChangAn” or “the Company”), an intelligent low-carbon mobility technology company, officially commenced production at its first overseas NEV manufacturing base in Rayong, Thailand, on May 16, 2025. Coinciding with the rollout of its 28.59 millionth vehicle, the right-hand drive DEEPAL S05, the launch marked a historic shift from product exports to full industrial globalisation, underscoring its commitment to green, intelligent manufacturing, brand development, and digital ecosystems. Thai Prime Minister, Paetongtarn Shinawatra, met with ChangAn’s Chairman, Zhu Huarong, before the press conference and expressed her support for ChangAn’s localised operations and the development of an entire industrial chain in the country. The event also took place against the backdrop of the 50th anniversary of diplomatic relations between China and Thailand, marking a major milestone.

Located in Rayong Province, Thailand, the factory covers an area of approximately 960,000 square metres and currently has an annual production capacity of 100,000 vehicles, which is expected to double by 2027. It will advance localisation, low-carbon development, and long-term cooperation while supporting Thailand’s supply chains. ChangAn also aims to create 30,000 jobs and boost local tax revenue as part of its commitment to social responsibility.

ChangAn’s Rayong Factory strengthens the strategic foundation of its Vast Ocean Plan, showcasing the Company’s ability to build a world-class intelligent manufacturing hub with high quality, efficiency, and low cost. The facility highlights how new energy vehicle production can integrate digitalisation, intelligence, and sustainability, bolstering ChangAn’s global expansion. Designed with green and smart principles, the plant uses photovoltaic power, rainwater recycling, recirculating air, virtual simulation, and digital systems to reduce energy use and boost efficiency.

Positioning Thailand as a hub for Southeast Asia, Australia, and New Zealand, ChangAn is pursuing its “In Thailand, For Thailand” strategy, and aims to surpass 5 million global sales and 3 million smart new energy vehicle sales by 2030. Over the next three years, ChangAn plans to launch 12 new energy products and accelerate the rollout of AI and assisted-driving technologies. A new spare parts warehouse in Rayong will serve as a global centre for right-hand drive vehicles, targeting a 98% satisfaction rate and 24-hour order delivery. This year, ChangAn will also upgrade its Thai digital service platform, adding AI-powered features including smart vehicle control, remote diagnostics, battery monitoring, and intelligent maintenance to enhance user experience.

Since 2017, ChangAn has launched its third entrepreneurship initiative and pursued global growth through its Green Plan, Intelligent Plan, and Vast Ocean Plan. The Company has built three key brands — CHANG-AN, DEEPAL, and AVATR — aiming to become a leader in intelligent, low-carbon mobility. In 2024, global sales reached 2.684 million vehicles, a 5.1% increase from the previous year. New energy vehicle sales hit 735,000, up 52.8%. ChangAn launched products in Mexico, Saudi Arabia, and Germany. Since November 2023, it has introduced seven models in Thailand, including the DEEPAL S07, E07, and AVATR 11, with sales topping 14,000 units and ranking in the country’s top four.

“We will continue to focus on long-term growth and local operations. We aim to build this factory as a ‘benchmark’,” said Mr. Zhu Huarong, Chairman of ChangAn Automobile. “Looking ahead, ChangAn stays committed to becoming an intelligent low-carbon mobility technology company.”

About ChangAn Automobile

ChangAn is an intelligent low-carbon mobility technology company. Its product lineup includes passenger vehicles, pick-ups, and light commercial vehicles. Powered by innovation and industrial upgrading, the Company is committed to sustainable mobility innovation on the road to becoming a world-class auto brand.

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SOURCE ChangAn Automobile

MUSCAT, Oman, May 16, 2025 /PRNewswire/ — United Solar Polysilicon (“United Solar” or the “Company”), a leading global provider of high-quality polysilicon solutions, is pleased to announce a strategic partnership with OQ Alternative Energy, a prominent renewable energy developer in the Middle East. Together, the two companies will jointly develop a landmark 700-megawatt (MW) photovoltaic (PV) power station, marking a significant milestone in the region’s transition to sustainable energy.

This joint development agreement underscores the shared commitment of both companies to advancing sustainable energy solutions and diversifying energy mix in Oman and the broader Middle East. Once operational, the 700MW PV project will contribute substantially to Oman’s national renewable energy goals, supporting the country’s vision for a more sustainable and resilient energy future.

“This partnership embodies our shared vision to harness the region’s abundant solar resources and accelerate the transition to clean, renewable energy,” said Longgen Zhang, Founder and Chairman of United Solar. “We are excited to partner with OQ Alternative Energy on a project that not only supports Oman’s energy goals but also demonstrates the transformative power of sustainable energy generation across the Middle East.”

“Collaborating with United Solar Polysilicon allows us to leverage our combined expertise in renewable energy development,” stated Najla Al Jamali, CEO of OQ Alternative Energy. “This project will contribute significantly to Oman’s clean energy landscape and set a benchmark for future initiatives in the region.”

Together, United Solar Polysilicon and OQ Alternative Energy are powering a cleaner, greener future for Oman and the wider region.

About United Solar Polysilicon:

United Solar Polysilicon is a global leader in the production of high-purity polysilicon for the solar industry. With a focus on innovation, quality, and sustainability, the company supplies essential materials for solar module manufacturing worldwide.

About OQ Alternative Energy:

OQ Alternative Energy is a regional pioneer in renewable energy development, committed to delivering innovative and sustainable energy solutions across the Middle East. The company focuses on solar, wind, and other clean energy projects to support economic diversification and environmental stewardship.

For media inquiries, please contact:

Jessi Zhang
Secretary of the Board
United Solar Polysilicon
Email: jessi.zhang@unitedsolarholding.com
Phone: +968 9116 1968

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SOURCE United Solar Holding Inc.

DUBAI, UAE, May 16, 2025 /PRNewswire/ — NWTN Inc. (Nasdaq: NWTN), a Dubai-headquartered Intelligent New Energy Vehicles (NEV) and smart technology company, announced the appointment of Mr. Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer.

This leadership change marks a milestone in NWTN’s strategic evolution, transforming from a NEV manufacturer to a global smart technology platform, poised to revolutionize innovation and supply chain ecosystem.

The NWTN board announcement stated, “We are excited to have Mr. Zhai to lead the company’s transformation and growth in the next phase. Mr. Zhai’s deep experience and impressive track record in building and transforming technology companies is a perfect match for our group.”

Mr. Zhai brings over three decades of global leadership experience across technology, mobility, and venture investment. He has worked extensively in Asia, Americas, Europe and Oceania, and has held senior roles at EDS (now HP), Kearney, Egon Zehnder, and Russell Reynolds, and played critical roles in several high-growth ventures such as NIO. He was former Chairman of NIO Global User Trust, CEO of Canoo (Go EV) China, CEO of Shenzhen Talent Group, Managing Partner of Russell Reynolds’ Automotive Practice in Asia Pacific and Americas, Managing Partner of Egon Zehnder’s Industrial Practice in Asia Pacific.

“NWTN is embarking on an exciting journey, fueled by AI, electrification, and new version of globalization,” said Mr. Zhai. “With UAE as our global hub, we are committed to builing a platform combining smart manufacturing, agile supply chains, and industrial-digital finance.”

Under Mr. Zhai’s leadership, NWTN will implement a transformative three-pillar strategy:

• Global Smart Innovation – Expand product offerings beyond NEVs to include autonomous logistics systems, drones, and smart wearables and other smart devices.
• Advanced Manufacturing in UAE – Establish the NWTN Smart Industrial Park in Abu Dhabi, integrating R&D, vehicle assembly, and intelligent equipment production to enhance smart manufacturing capabilities.
• Industrial-Digital Finance Convergence – Leverage the UAE’s strengths in industry policy, technology and talent, to create a “technology + manufacturing + capital” model.

“There is no better place than UAE to drive NWTN’s transformation. We look forward to partnering with technology innovators and entrepreneurs around the world, and we are committed to making this world more intelligent, more connected and more integrated.” Mr. Zhai concluded.

About NWTN

NWTN is a global innovator in smart EVs, green energy solutions, and autonomous driving technologies, headquartered in Dubai, UAE.

For Media Enquiries:
NWTN PR Team
Email: pr@nwtn.ae 

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SOURCE NWTN Inc.