Month: May 2025

The Foundation’s gift reflects its community-driven mission to uplift hardworking New Yorkers by addressing critical needs such as food security

NEW YORK, May 12, 2025 /PRNewswire/ — The MCU Foundation, the charitable arm of Municipal Credit Union (MCU), today announced a $150,000 donation to City Harvest, New York City’s first and largest food rescue organization. As NYC food pantries and soup kitchens face rising costs and economic uncertainty, the funding will directly support efforts to fight food insecurity in all five boroughs of New York City.

“No one should go hungry in one of the wealthiest cities in the world, but the reality is that many New Yorkers are struggling to make ends meet,” said George Chacon, President, MCU Foundation. “As part of our commitment to help provide basic necessities in our community, we are proud to support City Harvest’s mission to feed our neighbors.”

“MCU and The MCU Foundation’s support of City Harvest perfectly embodies what we mean when we say, ‘We’re Here For It,'” said Kyle Markland, Chief Executive Officer, Municipal Credit Union. “We make it our mission to show up for New York City residents in times of need so that they know we’re more than a bank; we’re a neighbor who sees, understands and is here for them through it all.”

This work is especially important now, as the need for food assistance in New York City is the highest on record. To meet the persistently high levels of need seen across the city, this year City Harvest will rescue nearly 83 million pounds of high-quality food that would otherwise go to waste and deliver it, free of charge, to a citywide network of over 400 soup kitchens, food pantries, and community partners. In addition to providing free food, City Harvest provides nutrition and culinary education, strengthens local food systems, builds capacity for partner organizations, advocates for anti-hunger policies and connects volunteers to meaningful service opportunities.

“We would like to extend our deepest gratitude to the MCU Foundation for its generous donation and support of City Harvest,” said Jilly Stephens, Chief Executive Officer, City Harvest. “For over 40 years, our mission has been to rescue as much high-quality, nutritious food as possible to deliver for free to our neighbors experiencing food insecurity. We look forward to continuing partnerships with long-standing institutions like MCU that are equally committed to supporting our city and its people. Together, we will feed our city—one day, one meal, one New Yorker at a time.”

Beyond the financial contribution, MCU employees will also be given the opportunity to volunteer with City Harvest to support food distribution and other critical efforts on multiple occasions throughout the year.

For more information about the MCU Foundation, visit: https://mcufoundation.nymcu.org/

About The MCU Foundation|Established in 2023, the MCU Foundation was created by the Municipal Credit Union’s (MCU) executive leadership with the mission of helping New Yorkers build generational wealth and eliminate poverty in the Five Boroughs. It furthers this mission by increasing access to basic necessities, education and homeownership to uplift the hardworking heroes in our community. For more information about the MCU Foundation and its programs, please visit mcufoundation.nymcu.org.

About City Harvest:
City Harvest is New York’s first and largest food rescue organization, collecting high-quality, nutritious food that would otherwise go to waste to help provide free food for millions of New Yorkers experiencing food insecurity. Since our founding in 1982, we have rescued more than one billion pounds of fresh, nutritious food and delivered it—free of charge—to hundreds of food pantries, soup kitchens, community partners, and our own Mobile Markets® across the five boroughs. This year, we will rescue and distribute nearly 83 million pounds of nutritious food to our neighbors in need. By redirecting that food to families, we will also prevent the equivalent of more than 24 million kilograms of CO2 from entering the atmosphere. Named one of America’s Top 100 Charities by Forbes, City Harvest also works alongside our community partners to build their capacity, expand nutrition education, and advocate for systems change through effective public policy. For more than 40 years, City Harvest has been there to feed our city—one day, one meal, one New Yorker at a time. To learn more, please visit cityharvest.org.

Media Contact:

Trevon James

732-995-9335

395022@email4pr.com 

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SOURCE Municipal Credit Union

Presentation Underscores Deep Track’s Value Destructive Plan and Inferior Slate of Director Nominees

Urges Stockholders to Vote “FOR” All Four Dynavax Director Nominees on the GOLD Proxy Card Today

EMERYVILLE, Calif., May 12, 2025 /PRNewswire/ — Dynavax Technologies Corporation (Nasdaq: DVAX) (“Dynavax” or the “Company”), a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines, today announced that it has filed an investor presentation with the Securities and Exchange Commission (“SEC”) in connection with its 2025 Annual Meeting of Stockholders to be held on June 11, 2025. Stockholders of record as of April 14, 2025, will be entitled to vote at the meeting.

Highlights of the presentation include:

• Following its successful pivot in 2019 to prioritize its vaccine business and launch HEPLISAV-B®, Dynavax is delivering long-term returns for stockholders.
  • Dynavax has delivered 203% total return to stockholders over the last five years (as of April 17, 2025, the date Dynavax filed its definitive proxy) while vaccine peers returned 9% and the S&P Biotechnology Select Industry Index declined 17% over the same period.
  • Dynavax successfully commercialized and positioned HEPLISAV-B® to be the market-leading hepatitis B vaccine with $268 million in net product revenue in 2024 and approximately 44% U.S. market share at year end 2024. Dynavax reported record first quarter 2025 earnings results with HEPLISAV-B® net product revenue of $65 million, which represents 36% increase year-over-year, and total revenue of $68.2 million, which represents 34% increase year-over-year.
  • The Company’s successful business development strategy during the pandemic generated over $950 million in net product revenue from 2020 to 2022.
  • The Board and management team are executing a thoughtful and deliberate capital allocation strategy that balances strategic investment in growth through pursuit of internal and external assets and opportunistically returning capital to stockholders. Dynavax is one of the few vaccine companies that has returned meaningful capital to stockholders and has executed over 85% of its $200 million share repurchase program authorized in November 2024. The $200 million share repurchase program represents 47%¹ of Dynavax’s use of capital.
• Dynavax has the optimal Board with uniquely qualified directors to drive the Company’s value creation potential.
  • Dynavax has implemented a proactive, strategic and extensive Board refreshment plan. Following the 2025 Annual Meeting, the Board will be comprised of nine directors, with six of eight independent directors having been appointed since 2020.
  • Dynavax’s director nominees, including the Board’s Chairman – Brent MacGregor, Scott Myers, Lauren Silvernail and Elaine Sun – bring proven strategic leadership, vaccine expertise, senior public biotechnology and M&A experience and deep industry financial expertise.
  • The Board has strengthened accountability and oversight through a phased board declassification.
• Deep Track’s flawed plan puts future stockholder value at risk and the fund misleads stockholders about its willingness to come to a compromise. 
• • Deep Track has been myopic in its one-dimensional plan – monetize HEPLISAV-B® exclusively for capital return, shutter internal and external efforts to accelerate growth and return all cash to stockholders – that jeopardizes Dynavax’s significant long-term growth opportunities in exchange for a near-term payoff at considerably lower value.
  • Deep Track summarily rejected four reasonable settlement proposals because it was uncompromising in its demand for direct Board representation and the implementation of its flawed strategy by either a turnover of a majority of the Board by the 2026 Annual Meeting or immediate approval of an outsized stock repurchase program.
  • Deep Track’s campaign would install candidates who bring no additive or differentiated skillsets and would instead leave Dynavax deficient in vital expertise that is needed now.

The Dynavax Board of Directors is committed to acting in the best interests of all stockholders and unanimously recommends that stockholders vote “FOR” all four of Dynavax’s director nominees standing for election – Brent MacGregor, Scott Myers, Lauren Silvernail and Elaine Sun – on the GOLD proxy card today.

Advisors

Goldman Sachs & Co. LLC is serving as financial advisor to Dynavax and Cooley LLP is serving as legal counsel.

About Dynavax

Dynavax is a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines to help protect the world against infectious diseases. The Company has two commercial products, HEPLISAV-B® vaccine (Hepatitis B Vaccine (Recombinant), Adjuvanted), which is approved in the U.S., the European Union and the United Kingdom for the prevention of infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older, and CpG 1018® adjuvant, currently used in HEPLISAV-B and multiple adjuvanted COVID-19 vaccines. For more information about our marketed products and development pipeline, visit www.dynavax.com.

Forward-Looking Statements

This communication 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, which are subject to a number of risks and uncertainties. All statements that are not historical facts are forward-looking statements. Forward-looking statements can generally be identified by the use of words such as “continue,” “expect,” “will,” “plan,” “would” and similar expressions, or the negatives thereof, or they may use future dates. Forward-looking statements made in this document include statements regarding expected contributions from our current directors, expectations regarding delivering value for our stockholders, market share and size of the market, our business strategy and long-term performance. Actual results may differ materially from those set forth in this communication due to the risks and uncertainties inherent in our business, including, the risk that circumstances surrounding or leading up to our 2025 Annual Meeting may change, risks relating to our ability to commercialize and supply HEPLISAV-B, the risks that market size or actual demand for our products may differ from our expectations, risks related to the timing of completion and results of current clinical studies, risks related to the development and pre-clinical and clinical testing of vaccines containing CpG 1018 adjuvant, and risks related to the implementation of our long-term growth objectives, as well as other risks detailed in the “Risk Factors” section of our Quarterly Report on Form 10-Q for the three months ended March 31, 2025 and any periodic filings made thereafter, as well as discussions of potential risks, uncertainties and other important factors in our other filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, are qualified in their entirety by this cautionary statement and we undertake no obligation to revise or update information herein to reflect events or circumstances in the future, even if new information becomes available. Information on Dynavax’s website at www.dynavax.com is not incorporated by reference in our current periodic reports with the SEC.

Important Additional Information and Where to Find It

On April 17, 2025, the Company filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and form of accompanying GOLD proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting and its solicitation of proxies for the Company’s director nominees and for other matters to be voted on. The Company may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2025 Annual Meeting. This communication is not a substitute for any proxy statement or other document that the Company has filed or may file with the SEC in connection with any solicitation by the Company. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT, ACCOMPANYING GOLD PROXY CARD AND OTHER RELEVANT DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a copy of the Proxy Statement, accompanying GOLD proxy card, any amendments or supplements to the Proxy Statement and any other relevant documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge at the Company’s website at https://investors.dynavax.com/sec-filings.

Certain Information Regarding Participants

This communication is neither a solicitation of a proxy or consent nor a substitute for any proxy statement or other filings that may be made with the SEC. The Company, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies for the 2025 Annual Meeting. Information regarding the names of such persons and their respective direct or indirect interests in the Company, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 17, 2025, including in the sections captioned “Compensation Discussion and Analysis,” “Summary Compensation Table,” “Grants of Plan Based Awards,” “Outstanding Equity Awards at Fiscal Year End,” “Pay Ratio Disclosure,” “Director Compensation,” “Certain Transactions,” “Security Ownership of Certain Beneficial Owners and Management,” and “Supplemental Information Regarding Participants in the Solicitation.” To the extent that the Company’s directors and executive officers have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.

For Investors:
Paul Cox
pcox@dynavax.com
510-665-0499

Or

MacKenzie Partners, Inc.
Bob Marese / John Bryan
Toll-Free: 1-800-322-2885
DVAX@mackenziepartners.com

For Media:
Dan Moore / Tali Epstein
Dynavax-CS@collectedstrategies.com

____________________________
¹ Use of capital from 2020 to present, excluding CapEx and SG&A expense; reflects full execution of the $200 million share repurchase program.

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SOURCE Dynavax Technologies

DELRAY BEACH, Fla., May 12, 2025 /PRNewswire/ — The report “Green Methanol Market by Feedstock (Biomass, Green Hydrogen, CCS), Derivative (Formaldehyde, Dimethyl Ether & Methyl Tert-Butyl Ether, Gasoline, Methanol-to-Olefin, Solvents), Application (Chemical Feedstock, Fuel), and Region – Global Forecast to 2030″, green methanol market is projected to grow from USD 2.59 billion in 2025 to USD 11.18 billion by 2030, achieving a CAGR of 34.0% during that period.

This growth is driven by a rising focus on reducing greenhouse gas emissions and addressing climate change, which is increasing the demand for green methanol as a sustainable alternative to traditional fossil fuel-derived methanol. Additionally, government policies that promote renewable energy usage and aim to decrease greenhouse gas emissions are further fueling investment and expansion in the green methanol market.

Browse in-depth TOC on “Green Methanol Market”

170 – Tables
50 – Figures
200 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3175390

From 2025 to 2030, the biomass segment will be the largest, by volume, in the green methanol market.

The biomass segment is a rapidly growing component of the green methanol market, leveraging a range of organic materials such as agricultural residues, forestry waste, and municipal solid waste. Biomass is a renewable resource that can be replenished consistently, ensuring a reliable supply for methanol production. Furthermore, government incentives for using renewable resources like biomass make the production of biomethanol economically attractive. Compared to other renewable sources, such as hydrogen derived from electrolysis, biomass is often a more cost-effective feedstock.

By application, the fuel segment will be the fastest growing in the green methanol market from 2025 to 2030.

The transportation sector, especially shipping, requires low-carbon alternatives to comply with strict emissions regulations. Green methanol is emerging as a sustainable substitute for conventional fossil fuels. The International Maritime Organization (IMO) has implemented regulations aimed at reducing greenhouse gas emissions, which has increased interest in green methanol as a marine fuel due to its lower emissions compared to traditional bunker fuels. Additionally, government incentives and subsidies for green fuels are promoting the adoption of green methanol as a primary alternative fuel in various applications, including vehicles and ships. Green methanol is a leading option in the transition to a sustainable and low-carbon energy future.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=3175390

North America is the leading region in the green methanol market.

North America leads in the green methanol market in terms of CAGR, driven by regulatory support such as Canada’s Clean Fuel Standard and the US Renewable Fuel Standard. Technological advancements, such as Carbon Clean Solutions’ MTJet™ for sustainable aviation fuel, and significant industry collaborations, such as those of Methanex and Gevo Inc., further boost growth. Government funding and incentives, along with growing adoption in the maritime and aviation sectors, underscore the region’s commitment to sustainable energy solutions. Additionally, investments in carbon capture and utilization technologies and the integration of green methanol with hybrid electric systems enhance its appeal across various industries, positioning North America at the forefront of the global green methanol market.

Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=3175390

Leading global green methanol manufacturers include Enerkem Inc. (Canada), Carbon Recycling International Inc. (Iceland), Methanex Corporation (Canada), Proman (Switzerland), and Södra (Sweden).

Get access to the latest updates on Green Methanol Companies and Green Methanol Market Size

Browse Adjacent Market: Green Bio Chemicals Market Research Reports & Consulting

Related Reports:

Methanol Market – Global Forecasts to 2030

Green Hydrogen Market – Global Forecasts to 2030

Biopolymers Companies

Kaolin Companies

Fuel Additives Companies

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/ 

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

 

 

View original content:https://www.prnewswire.com/news-releases/green-methanol-market-worth-11-18-billion-by-2030–exclusive-report-by-marketsandmarkets-302452137.html

SOURCE MarketsandMarkets

DELRAY BEACH, Fla., May 12, 2025 /PRNewswire/ — The report “Green Methanol Market by Feedstock (Biomass, Green Hydrogen, CCS), Derivative (Formaldehyde, Dimethyl Ether & Methyl Tert-Butyl Ether, Gasoline, Methanol-to-Olefin, Solvents), Application (Chemical Feedstock, Fuel), and Region – Global Forecast to 2030″, green methanol market is projected to grow from USD 2.59 billion in 2025 to USD 11.18 billion by 2030, achieving a CAGR of 34.0% during that period.

This growth is driven by a rising focus on reducing greenhouse gas emissions and addressing climate change, which is increasing the demand for green methanol as a sustainable alternative to traditional fossil fuel-derived methanol. Additionally, government policies that promote renewable energy usage and aim to decrease greenhouse gas emissions are further fueling investment and expansion in the green methanol market.

Browse in-depth TOC on “Green Methanol Market”

170 – Tables
50 – Figures
200 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3175390

From 2025 to 2030, the biomass segment will be the largest, by volume, in the green methanol market.

The biomass segment is a rapidly growing component of the green methanol market, leveraging a range of organic materials such as agricultural residues, forestry waste, and municipal solid waste. Biomass is a renewable resource that can be replenished consistently, ensuring a reliable supply for methanol production. Furthermore, government incentives for using renewable resources like biomass make the production of biomethanol economically attractive. Compared to other renewable sources, such as hydrogen derived from electrolysis, biomass is often a more cost-effective feedstock.

By application, the fuel segment will be the fastest growing in the green methanol market from 2025 to 2030.

The transportation sector, especially shipping, requires low-carbon alternatives to comply with strict emissions regulations. Green methanol is emerging as a sustainable substitute for conventional fossil fuels. The International Maritime Organization (IMO) has implemented regulations aimed at reducing greenhouse gas emissions, which has increased interest in green methanol as a marine fuel due to its lower emissions compared to traditional bunker fuels. Additionally, government incentives and subsidies for green fuels are promoting the adoption of green methanol as a primary alternative fuel in various applications, including vehicles and ships. Green methanol is a leading option in the transition to a sustainable and low-carbon energy future.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=3175390

North America is the leading region in the green methanol market.

North America leads in the green methanol market in terms of CAGR, driven by regulatory support such as Canada’s Clean Fuel Standard and the US Renewable Fuel Standard. Technological advancements, such as Carbon Clean Solutions’ MTJet™ for sustainable aviation fuel, and significant industry collaborations, such as those of Methanex and Gevo Inc., further boost growth. Government funding and incentives, along with growing adoption in the maritime and aviation sectors, underscore the region’s commitment to sustainable energy solutions. Additionally, investments in carbon capture and utilization technologies and the integration of green methanol with hybrid electric systems enhance its appeal across various industries, positioning North America at the forefront of the global green methanol market.

Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=3175390

Leading global green methanol manufacturers include Enerkem Inc. (Canada), Carbon Recycling International Inc. (Iceland), Methanex Corporation (Canada), Proman (Switzerland), and Södra (Sweden).

Get access to the latest updates on Green Methanol Companies and Green Methanol Market Size

Browse Adjacent Market: Green Bio Chemicals Market Research Reports & Consulting

Related Reports:

Methanol Market – Global Forecasts to 2030

Green Hydrogen Market – Global Forecasts to 2030

Biopolymers Companies

Kaolin Companies

Fuel Additives Companies

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/ 

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

 

 

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SOURCE MarketsandMarkets

MUNICH, May 12, 2025 /PRNewswire/ — LONGi Solar is proud to announce that its Hi-MO X10 back contact module is among the winners of the annual Smarter E AWARD 2025 in the Photovoltaics category. The award was presented in Munich, on the eve of The smarter E Europe exhibition, ahead of Intersolar 2025. LONGi is the only Chinese module manufacturer who win the award.

The Hi-MO X10 was recognized for its contribution to advancing module technology through the integration of LONGi’s proprietary second-generation Hybrid Passivated Back Contact (HPBC 2.0) technology that is based on the highly efficient LONGi TaiRay wafer. According to the jury’s summary, the module’s  Anti-shading technology furthermore reduces the loss of power output by 70% and decreases localized temperatures by up to 28%, reducing the risk of hotspots and system fires. The jury further praised the zero-busbar (0BB) structure and the module’s Bipolar Hybrid Passivation Technology which brings significant improvements in efficiency, mechanical characteristics and reliability. All in all, the Hi-MO X10 would set new standards for performance and reliability of PV modules.

The Hi-MO X10 delivers a maximum power output of up to 670W, outperforms TOPCon modules by as much as 30W, with a module efficiency of 24.8%. The integration of zero busbar (0BB) technology enhances light absorption, improving performance in diffuse light—an advantage in markets with frequent overcast conditions. Designed for long-term reliability, the Hi-MO X10 features just 1% degradation in the first year and a 0.35% annual linear degradation rate. Its improved power temperature coefficient of -0.26%/°C ensures dependable output in both hot and moderate climates.

First launched in October 2024, the Hi-MO X10 has already been widely adopted in European markets. The module represents LONGi’s strategic focus on R&D driven back contact innovation to meet performance, aesthetics and application requirements in a changing energy landscape.

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SOURCE LONGi Solar

FORNEBU, Norway, May 12, 2025 /PRNewswire/ — Reference is made to the announcement made by Aker Horizons ASA (the “Company” or “Aker Horizons”) on 9 May 2025 whereby the Company among other things announced a contemplated merger, an early repayment of its NOK 2.5 billion green bond and  that the Company will offer to repurchase its NOK 1.6 billion Convertible Bond 2021/2026 with ISIN NO0010921596 (the bonds issued thereunder, the “Convertible Bonds“).

The Company has today launched an irrevocable offer to all holders of Convertible Bonds to buy back Convertible Bonds in cash at a price equal to 93 per cent. of par value of the Convertible Bonds (the “Offer“). Aker Capital AS, which holds Convertible Bonds equalling NOK 1.3 billion par value, has undertaken not to accept the redemption offer.

DNB Carnegie, a part of DNB Bank ASA (the “Manager“) has been engaged as Manager to the Company for the Offer. Bondholders who are eligible to participate in the Offer will be contacted by the Manager and may otherwise reach out to the Manager (email: bond.syndicate@dnb.no) to receive the bondholders offer form relating to the Offer.

Any Bondholders who wish to accept the Offer must have delivered a duly completed bondholders offer form to the Manager within 16:00 CEST on 16 May 2025. The Company expects to be able to publish the result of the Offer on or about 19 May 2025.

Contacts:
Kristoffer Dahlberg, Chief Financial Officer
Tel: +47 91 12 44 75
Email: kristoffer.dahlberg@akerhorizons.com

Jonas Gamre, Investor Relations
Tel: +47 97 11 82 92
Email: jonas.gamre@akerhorizons.com

IMPORTANT INFORMATION

This communication is not an offer to sell or purchase any securities, or the solicitation of an offer to sell or purchase any securities in any jurisdiction in which, or to any person to whom, such solicitation is not authorized or would be unlawful. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-horizons/r/aker-horizons-asa—launch-of-buy-back-offer-for-convertible-bonds,c4148604

 

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SOURCE Aker Horizons