Month: July 2025

Patriotic partnership delivered a powerful symbol of freedom to those who have served

COVINGTON, Ga., July 8, 2025 /PRNewswire/ — In a heartfelt tribute to our nation’s Veterans, PureTalk, a Veteran-led wireless provider known for offering customers premium, reliable wireless service at a fraction of the price of major carriers, teamed up with Allegiance Flag Supply, experts in crafting high-quality, American-made flags, to deliver 1,000 flags to Veterans. The nationwide initiative celebrated the sacrifices of those who served by placing a lasting symbol of freedom and gratitude on their front porches.

Rooted in shared values of patriotism and community, the campaign spanned from Memorial Day through Independence Day. Throughout this initiative, Clint Romesha, a Medal of Honor recipient and PureTalk brand ambassador, presented flags to Veterans as a meaningful gesture of recognition and appreciation. Each flag serves as a daily emblem of resilience, strength and dedication embodied by our nation’s heroes.

“Our steadfast commitment to American values and unwavering support for Veterans came to life through this partnership with Allegiance Flag Supply,” said Will Curry, chief strategy officer of PureTalk. “We are proud to stand for the flag and stand with those who have served, assuring them we’ve got their back every step of the way and offering them a tangible reflection of their sacrifice and service.”

Allegiance Flag Supply, known for its commitment to American craftsmanship, contributed flags sewn and assembled in Charleston, S.C., using materials sourced exclusively from U.S. manufacturers. Each flag reflects the company’s dedication to quality and its mission in preserving the time-honored tradition of handcrafting high-quality American flags.

“Our flags reflect the strength, resilience and pride of our nation, and we are honored to offer Veterans a lasting symbol of our collective gratitude,” said Wes Lyon, co-founder of Allegiance Flag Supply. “Built on a foundation of supporting the American workforce, partnering with PureTalk, another company rooted in American values, allowed us to showcase our shared allegiance to Veterans in the most authentic, American way possible.”

In collaboration with America’s Warrior Partnership, the companies identified and honored 1,000 deserving Veterans nationwide. PureTalk also donated a portion of every new customer’s bill during the campaign period to support the effort. Campaign videos and content shared across platforms garnered more than 10 million views, further amplifying the message of gratitude and national pride.

To further engage communities across the country in honoring Veterans, PureTalk launched a dedicated social media nomination campaign to gift additional symbols of freedom. More than 1,000 Veterans were nominated by family and friends, with 50 flag-and-pole sets awarded in recognition of their service.

For more information, please visit PureTalk.com.

About PureTalk
Proudly Veteran-led and founded in 2004, PureTalk is a nationwide cell phone service provider offering a premium alternative to big wireless, all on the most dependable 5G network. PureTalk believes in supporting American jobs, and that’s why we operate 100% in the USA, including our call centers. At PureTalk, patriotism drives our purpose. We are committed to supporting our Veterans and their families, and we contribute to organizations that honor and assist those who bravely serve our country. By choosing PureTalk, you’re not only getting great wireless service, but you’re also making a meaningful impact on the lives of our servicemen and women. Visit PureTalk.com for additional information.

About Allegiance Flag Supply
Founded in 2018, Allegiance Flag Supply crafts premium American flags, sourced and made 100% in the USA. With a mission to produce superior quality flags that let our citizens show pride authentically, Allegiance Flag Supply sources only the best materials from manufacturers across the U.S. and then sews and assembles in Charleston, S.C. At Allegiance Flag Supply, supporting American jobs and a 100% U.S. supply chain drives our purpose. We believe in doing the right thing, even when it’s hard, and we pride ourselves on showing integrity and respect to our customers, team, and fellow American partners. Our sole goal is to craft flags worthy of the nation’s colors and to bring jobs back to Americans. Visit ShowAllegiance.com for additional information.

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SOURCE PureTalk

June Occupancy Shows Continued Momentum in Execution of Clear, Compelling and Effective Strategy Set by Recently Refreshed, Fit-for-Purpose Board

Election of Even a Single Ortelius Nominee Would Risk Compromising Brookdale’s Strong Forward Momentum

NASHVILLE, Tenn., July 8, 2025 /PRNewswire/ — Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or the “Company”) today reminds all Brookdale shareholders to vote the BLUE proxy card “FOR” ONLY Brookdale’s eight superior and highly qualified director nominees in advance of the Company’s upcoming 2025 Annual Meeting of Stockholders, scheduled to be held on July 11, 2025.

Brookdale’s recent occupancy results clearly demonstrate that the Company’s strategy to create shareholder value is working. During the month of June, the Company delivered 81.1% same community weighted average occupancy, reflecting occupancy acceleration during the quarter, and same community month end occupancy of 82.8% demonstrating continued strong demand and sales execution. Second quarter weighted average consolidated occupancy was 80.1%, a key milestone for cash flow growth. By successfully executing on its key initiatives – improving operating performance, optimizing the real estate portfolio, reinvesting capital into communities, reducing leverage, and ensuring high-quality environments for residents and associates – Brookdale’s Board and management team are generating positive momentum.

Brookdale urges shareholders not to hand control of Brookdale’s Board to Ortelius Advisors, L.P. (“Ortelius”), which beneficially owns only 1% of Brookdale’s shares. Ortelius does not understand Brookdale’s business, has a flawed plan, and has nominated director candidates who do not have the right expertise to oversee the Company’s path forward. Electing even one of Ortelius’ director nominees would derail the Company’s progress and impair the Board’s ability to recruit and effectively oversee a new CEO – significantly jeopardizing shareholder value creation potential.

As shareholders cast their votes, Brookdale reminds them that:

Brookdale’s Board has the right mix of skills and expertise to oversee the Company’s continuing growth and transformation. With extensive experience in the critical areas of senior living, hospitality, sales and marketing, clinical healthcare, operations, finance and economics, and mergers and acquisitions, Brookdale’s director slate has the skills, insights and perspectives that are critical to Brookdale’s operating strategy, real estate portfolio, and regulatory relationships.

The Brookdale Board has demonstrated its commitment to refreshment, with four directors having been appointed since June 2024. If Brookdale’s nominees are elected, the Board will be composed of eight highly qualified and engaged directors, seven of whom are independent, with an average tenure of less than four years. If one or more of Ortelius’ directors are elected to the Board to replace directors with invaluable institutional knowledge of Brookdale’s business, such as Victoria L. Freed and Lee S. Wielansky, a majority of the Board will have served on the Board for approximately one year or less, creating an information gap for any new CEO.   

The Board holds the management team accountable and has a CEO search well-underway, informed by shareholder feedback. The Board’s CEO Search Committee, consisting of Denise W. Warren, Victoria L. Freed, Elizabeth B. Mace and Lee S. Wielansky, has been carefully composed to help ensure that any CEO candidate possesses the requisite experience and understanding of the key areas of Brookdale’s business: senior living, healthcare, hospitality, and real estate. A leading independent search firm, Spencer Stuart, is supporting their efforts and has compiled a robust list of potential candidates. The Board is carefully reviewing these candidates as it works to find a CEO that will deliver sustained and compelling returns to shareholders. Removing critical members of the CEO Search Committee could disrupt and delay this search process. 

Over the past several years, Brookdale has streamlined operations, simplified the business, rationalized our lease portfolio, and reduced leverage. Since 2022, Brookdale has renegotiated leases for ~250 communities previously inherited by the Company and reduced the number of leased units by 19% since Q1 2021, all of which have been executed with the active oversight of the Board’s Investment Committee, chaired by director Lee S. Wielansky. By year-end 2025, the Company will have reduced its community portfolio to less than 600 from more than 1,000 in 2017. Brookdale’s post-COVID growth is in line with peers, and, in 2024, the Company outperformed compared to 2019 across key metrics including consolidated RevPAR, operating income per available unit and adjusted EBITDA margin.

Ortelius has demonstrated a lack of understanding of Brookdale’s business. Ortelius’ strategic ideas are misguided, oversimplify Brookdale’s portfolio, fail to recognize that Brookdale is not a real estate investment trust (“REIT”) and overlook the significant progress that is already underway.

None of Ortelius’ nominees have experience in critical areas such as clinical healthcare, hospitality, or sales and marketing. Additionally, the experience of Ortelius’ slate is disproportionately skewed toward REITS and skilled nursing, which represents only 2% of Brookdale’s business. Brookdale is a senior living operator, which requires experience in senior housing, hospitality, real estate, and healthcare. Replacing a director like Victoria L. Freed would eliminate a key skillset in revenue management, sales and marketing and hospitality that has helped drive greater occupancy rates.

Brookdale’s Board and management team made repeated good-faith efforts to engage with Ortelius to avoid a proxy contest. Despite these efforts, Ortelius did not engage constructively and refused to allow the Board to interview any of its nominees as part of its refreshment process.

The Annual Meeting is fast approaching. Do not let Ortelius’ reckless campaign disrupt the progress the Brookdale Board has made in driving shareholder value creation. Whether or not shareholders expect to attend, we urge all Brookdale shareholders to vote TODAY “FOR” ONLY Brookdale’s eight superior and highly qualified director nominees using the BLUE proxy card. The future of Brookdale and shareholders’ investment depends on this vote.

Brookdale reminds all shareholders that every vote is important, no matter how many or few shares you own. Please simply disregard any white proxy card you may receive from Ortelius.

Since time is short, we urge Brookdale shareholders to follow the easy instructions on the BLUE proxy card or BLUE voting instruction form to vote electronically.

If Brookdale shareholders have any questions or require any assistance in voting their shares, please contact Brookdale’s proxy solicitor, Innisfree M&A Incorporated, at+ 1 (877) 750-5838 (toll-free from the U.S. and Canada) or +1 (412) 232-3651 (from other countries).

ABOUT BROOKDALE SENIOR LIVING
Brookdale Senior Living Inc. is the nation’s premier operator of senior living communities. With 645 communities across 41 states and the ability to serve approximately 58,000 residents as of June 30, 2025, Brookdale is committed to its mission of enriching the lives of seniors through compassionate care, clinical expertise, and exceptional service. The Company, through its affiliates, operates independent living, assisted living, memory care, and continuing care retirement communities, offering tailored solutions that help empower seniors to live with dignity, connection, and purpose. Leveraging deep expertise in healthcare, hospitality, and real estate, Brookdale creates opportunities for wellness, personal growth, and meaningful relationships in settings that feel like home. Guided by its four cornerstones of passion, courage, partnership, and trust, Brookdale is committed to delivering exceptional value and redefining senior living for a brighter, healthier future. Brookdale’s stock trades on the New York Stock Exchange under the ticker symbol BKD. For more information, visit brookdale.com or connect with Brookdale on Facebook or YouTube.

FORWARD-LOOKING STATEMENTS
Certain statements in this communication may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to various risks and uncertainties and include all statements that are not historical statements of fact and those regarding the Company’s intent, belief, or expectations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “could,” “would,” “on track,” “potential,” “intend,” “enable,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “executing,” “believe,” “poised,” “positioned,” “project,” “predict,” “continue,” “plan,” “target,” or other similar words or expressions, and include statements regarding the focus of the Board of Directors and management of the Company, the execution and advancement of the Company’s strategy, the Company’s CEO search process, the Company’s ability to continue to successfully execute on key initiatives, deliver positive financial and operational performance and drive enhanced shareholder value. These forward-looking statements are based on certain assumptions and expectations, and the Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Although the Company believes that expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its assumptions or expectations will be attained and actual results and performance could differ materially from those projected. Factors which could have a material adverse effect on the Company’s operations and future prospects or which could cause events or circumstances to differ from the forward-looking statements include, but are not limited to, events which adversely affect the ability of seniors to afford resident fees, including downturns in the economy, housing market, consumer confidence, or the equity markets and unemployment among resident family members; the effects of senior housing construction and development, lower industry occupancy, and increased competition; conditions of housing markets, regulatory changes, acts of nature, and the effects of climate change in geographic areas where the Company is concentrated; terminations of the Company’s resident agreements and vacancies in the living spaces it leases; changes in reimbursement rates, methods, or timing under governmental reimbursement programs including the Medicare and Medicaid programs; failure to maintain the security and functionality of the Company’s information systems, to prevent a cybersecurity attack or breach, or to comply with applicable privacy and consumer protection laws, including HIPAA; the Company’s ability to complete its capital expenditures in accordance with its plans; the Company’s ability to identify and pursue development, investment, and acquisition opportunities and its ability to successfully integrate acquisitions; competition for the acquisition of assets; the Company’s ability to complete pending or expected disposition, acquisition, or other transactions on agreed upon terms or at all, including in respect of the satisfaction of closing conditions, the risk that regulatory approvals are not obtained or are subject to unanticipated conditions, and uncertainties as to the timing of closing, and the Company’s ability to identify and pursue any such opportunities in the future; risks related to the implementation of the Company’s strategy, including initiatives undertaken to execute on the Company’s strategic priorities and their effect on its results; any resurgence or variants of the COVID-19 pandemic; limits on the Company’s ability to use net operating loss carryovers to reduce future tax payments; delays in obtaining regulatory approvals; the risks associated with tariffs and the uncertain duration of trade conflicts; disruptions in the financial markets or decreases in the appraised values or performance of the Company’s communities that affect the Company’s ability to obtain financing or extend or refinance debt as it matures and the Company’s financing costs; the Company’s ability to generate sufficient cash flow to cover required interest, principal, and long-term lease payments and to fund its planned capital projects; the effect of any non-compliance with any of the Company’s debt or lease agreements (including the financial or other covenants contained therein), including the risk of lenders or lessors declaring a cross default in the event of the Company’s non-compliance with any such agreements and the risk of loss of the Company’s property securing leases and indebtedness due to any resulting lease terminations and foreclosure actions; the inability to renew, restructure, or extend leases, or exercise purchase options at or prior to the end of any existing lease term; the effect of the Company’s indebtedness and long-term leases on the Company’s liquidity and its ability to operate its business; increases in market interest rates that increase the costs of the Company’s debt obligations; the Company’s ability to obtain additional capital on terms acceptable to it; departures of key officers and potential disruption caused by changes in management; increased competition for, or a shortage of, associates, wage pressures resulting from increased competition, low unemployment levels, minimum wage increases and changes in overtime laws, and union activity; environmental contamination at any of the Company’s communities; failure to comply with existing environmental laws; an adverse determination or resolution of complaints filed against the Company, including putative class action complaints; negative publicity with respect to any lawsuits, claims, or other legal or regulatory proceedings; costs to respond to, and adverse determinations resulting from, government inquiries, reviews, audits, and investigations; the cost and difficulty of complying with increasing and evolving regulation, including new disclosure obligations; changes in, or its failure to comply with, employment-related laws and regulations; the risks associated with current global economic conditions and general economic factors on the Company and the Company’s business partners such as inflation, commodity costs, fuel and other energy costs, competition in the labor market, costs of salaries, wages, benefits, and insurance, interest rates, tax rates, tariffs, geopolitical tensions or conflicts, and uncertainty surrounding a new presidential administration, the impact of seasonal contagious illness or other contagious disease in the markets in which the Company operates; actions of activist stockholders, including as a result of the current proxy contest and any potential change of control of the Company or the Board; as well as other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those set forth in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements in such SEC filings. Readers are cautioned not to place undue reliance on any of these forward-looking statements, which reflect management’s views as of the date of this communication. The Company cannot guarantee future results, levels of activity, performance or achievements, and, except as required by law, it expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained in this communication to reflect any change in the Company’s expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based.

 

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SOURCE Brookdale Senior Living Inc.

DELRAY BEACH, Fla., July 8, 2025 /PRNewswire/ — The global Fuel Cell Market is anticipated to grow from estimated USD 5.66 billion in 2025 to USD 18.16 billion by 2030, at a CAGR of 26.3% during the forecast period. The Fuel Cell Market is influenced by the growing desire for clean, efficient, and flexible energy solutions, driven by global carbon-neutrality objectives and the need for decarbonizing sectors such as transportation and power generation. Fuel cells provide zero-emission energy and are not limited in their efficiency and scalability; hence, they are increasingly viewed as a key technology to accelerate the global energy transition. This shifting momentum has resulted in both more and faster investment and construction (of fuel cell manufacturing facilities), pilot deployments, and infrastructure build out. Although consumption of hydrogen is still regional (i.e., Asia Pacific, Europe, and North America), investor momentum, government funding, policies and mandates, hydrogen strategies, and clean energy commitments are transforming the market and attracting hundreds of millions of dollars in capital investment from both the private and public sectors. In addition, the evolution of environmental sustainability goals will facilitate the adoption of advanced next-generation materials, lower costs for stacks, the integration of green hydrogen, and further innovation in the industry, paving the way for continuous and sustainable long-term growth in the Fuel Cell Market.

Browse in-depth TOC on “Fuel Cell Market“
381 – Tables
77 – Figures
348 – Pages

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Stationary segment to register highest CAGR in Fuel Cell Market during forecast period

The clean, reliable, and compact power delivery in off-grid, emergency, and mobile applications has put the stationary fuel cell segment in the limelight in the last few decades. This area has witnessed large-scale acceptance in the defense, telecom, Data centers, industrial sites, and commercial buildings, where grid access is either absent or unreliable. The deployment of these systems has been driven mainly by government incentives and energy-efficiency regulations in Japan, South Korea, and the United States. Modern technological advancements have led to smaller unit sizes while increasing their durability and reducing costs, so these systems now support both hydrogen and natural gas operation. The worldwide market position of stationary fuel cells has risen because of improved system integration, remote monitoring, and combined heat and power features that increase their value and performance. Energy strategies based on decentralized low-carbon solutions have driven stationary fuel cells to strengthen their market position throughout the world.

Fuel cell vehicles segment to account for second-largest share of Fuel Cell Market, by application, during forecast period

Over the years, in the evolution of zero-emission mobility, FCVs have found their place as a pillar, offering driving ranges, fast refueling, and higher efficiency than internal combustion. Regions such as Asia Pacific, Europe, and North America have thus provided a favorable climate by way of subsidies, infrastructure building, and emission regulations to usher in hydrogen-based transport. Fuel cell vehicles are designed for durability under rigorous operating conditions in public transport, commercial fleets, and long-haul trucking, allowing for scalability and performance. To meet climate and efficiency targets, such companies are innovating lightweight materials and compact stack designs integrated with hydrogen storage. Major automotive OEMs and technology providers work together to increase vehicle product lines and cut expenses while establishing refueling infrastructure, whereas policymakers dedicate funds to build hydrogen corridors and implement fleet electrification programs, which makes FCVs essential for worldwide clean mobility approaches.

North America to be second-largest Fuel Cell Market during forecast period.

The United States leads in deployment and research and development investments. Companies such as Plug Power and Bloom Energy are increasing their production capacity and working with other industries to expand fuel cell use in data centers, logistics, and mass transport. Federal initiatives such as the Inflation Reduction Act, along with state programs in California and New York, offer incentives for hydrogen production and fuel cell integration. Canada is also advancing its hydrogen infrastructure and fuel cell vehicle technology, supported by national decarbonization efforts. With growing investment interest and an evolving supply chain, North America is set to play an important role in promoting the global use of fuel cells and the shift to clean energy.

Key Market Players

The Fuel Cell Market is dominated by major players with a wide regional presence. Some key players in the market are Bloom Energy (US), Plug Power Inc. (US), AISIN CORPORATION (Japan), Doosan Fuel Cell Co., Ltd. (South Korea), and SFC Energy AG (Germany).

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Bloom Energy 

Bloom Energy is one of the major producers of fuel cell systems. The company focuses on various applications, including biogas energy, electrolyzers, hydrogen fuel cells, certified gas, microgrids, heat capture, carbon capture, marine fuel cells, and primary power. Its fuel cell technology utilizes air and fuel generated from electricity produced by solar panels. Additionally, the company employs solid oxide fuel cell technology, which converts fuel into electricity through electrochemical processes.

Bloom Energy serves a range of industries, including technology, logistics, manufacturing, and real estate. The company operates through four segments: Product, Installation, Service, and Electricity. Its primary offering is the Bloom Energy Server, a modular fuel cell stack continuously producing on-site electricity.

In recent years, Bloom Energy has made several strategic decisions, such as forming partnerships and signing contracts, to strengthen its position in the Fuel Cell Market. For instance, Conagra Brands has entered into a 15-year power purchase agreement to deploy approximately 6 megawatts of Bloom’s solid oxide fuel cell technology at its Troy and Archbold, Ohio, production facilities. This agreement is expected to supply 70–75% of the electricity needed at these sites, reducing greenhouse gas emissions by about 19%. The company has a presence in the United States as well as in other countries.

Doosan Fuel Cell Co., Ltd.

Doosan Fuel Cell Co., Ltd. is a leading global Fuel Cell Market player. The company specializes in developing and manufacturing advanced fuel cell systems suitable for mobility and stationary applications. It offers various product lines, including phosphoric acid fuel cells (PAFC) and solid oxide fuel cells (SOFC), which provide efficient and reliable energy generation solutions. Doosan Fuel Cell operates through two main segments: Fuel Cell Revenue, etc. and Service Revenue. The Fuel Cell Revenue, Etc. The segment encompasses the company’s fuel cell technology offerings. Its primary production facility is in Iksan, South Korea, where mass production began in January 2017. The facility was expanded in October 2022 to increase its production capacity to 300 megawatts (MW) and to manufacture up to 680 phosphoric acid fuel cells (PAFCs) annually. In recent years, Doosan Fuel Cell has made several strategic decisions to enhance its position in the Fuel Cell Market. For instance, in November 2022, the company signed an export contract with ZKRG Smart Energy Technology in China for 105 MW of hydrogen fuel cells. This contract represents Doosan Fuel Cell’s first large-scale overseas supply agreement for hydrogen fuel cells. Doosan Fuel Cell Co., Ltd. has a global presence in the Americas, Asia, Europe, and the Middle East & Africa.

For more information, Inquire Now!

Related Reports:

Solid Oxide Fuel Cell Market

Fuel Cell Generator Market

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SOURCE MarketsandMarkets

FedRAMP Moderate solution helps government teams build more efficiently, reduce costly site visits, and gain real-time visibility into project status and progress

SAN FRANCISCO, July 8, 2025 /PRNewswire/ — OpenSpace, the leader in 360° construction capture and AI-powered site documentation, today announced it has achieved FedRAMP Moderate Authorization, becoming the first and only 360° reality capture platform authorized for use on secure construction projects and facilities. OpenSpace’s commercial offering, used to capture more than 50 billion square feet of active construction projects around the world and in all 50 states including the District of Columbia, is now certified at the FedRAMP Moderate level and available for United States federal agencies.

With this milestone, agencies delivering construction projects can use OpenSpace to easily capture and share site conditions, modernize inspections and documentation, and gain clearer visibility into project progress–all while maintaining the highest data security standards. As a result, teams can operate more efficiently, reduce costs, and limit travel. OpenSpace is sponsored by the U.S. General Services Administration (GSA) and is an authorized service on SMX’s Elevate platform. To find OpenSpace on the FedRAMP marketplace, search for “SMX” and locate “OpenSpace” in the list of Authorized Services.

“We’re proud to deliver the first 360 reality capture solution that meets the security and compliance standards federal agencies require,” said Robert Shear, vice president of strategy at OpenSpace. “By providing simple, secure visual documentation, OpenSpace gets everyone on the same page with a single shared view that reduces misunderstandings, cuts down on travel, and helps teams make faster, more informed decisions—whether they’re managing a single project or an entire portfolio.”

Built for Federal Construction and Facility Management Teams
Deployed on more than 250 GSA projects to date, OpenSpace’s platform creates a collaborative as-built record of a jobsite by aggregating reality data such as 360° cameras and mobile phones, and automatically aligning it to both floor plans and BIM models, with a timestamp. With a complete visual record of current and historical site condition, agencies and contractors can remotely manage projects, spot discrepancies before they become problems, and streamline coordination between the field and office to speed up issue resolution.

In addition to FedRAMP, OpenSpace is SOC2 Type 2 compliant, with advanced permissioning, and integration with Login.gov, offering a secure, scalable solution ready for use across an agency’s entire portfolio.

Read more about OpenSpace for government, or visit the OpenSpace Trust Center to learn more about how the company safeguards its products and data.

About OpenSpace:
OpenSpace is a computer vision and AI company that helps commercial builders reduce risk and increase efficiency. Its image-first platform streamlines coordination between field and office teams, with powerful tools that bring new visibility and insights from pre-construction through operations. Customers such as Gilbane, Comfort Systems and Tishman Speyer rely on OpenSpace to document jobsites more effectively, avoid destructive investigations, and finish projects ahead of schedule. To date, customers have captured imagery on nearly 75,000 construction projects across 120 countries, documenting over 50 billion square feet. To learn more, visit www.openspace.ai and follow us on LinkedIn.

Media Contact:
Meredith Obendorfer
press@openspace.ai

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SOURCE OpenSpace

• Among all sectors, retail is by far the most exposed to supply chain risk, with incidents more than doubling globally since 2020 and rising by 22% in the past year alone.
• Over the past five years, social risks have accounted for about two-thirds of all incidents globally in each fashion segment: fast, premium, and luxury.
• Human rights and poor working conditions drive the majority of social risk incidents in the global fashion sector.

ZURICH, July 8, 2025 /PRNewswire/ — Today, RepRisk, the world’s most respected DaaS company for reputational risks and responsible business conduct, reveals that, over the past five years, two-thirds of all supply chain risk incidents in the fashion sector have been tied to social issues. The first issue of RepRisk’s Anatomy of Supply Chain Risks series also shows that human rights and poor working conditions are the primary drivers of social risk incidents in the global fashion sector (see figure below).

“Fashion’s supply chains have never been easy – and today’s global pressures make them even tougher. It is time for transparency!” commented Philipp Aeby, CEO and Co-founder at RepRisk. He continued,” Daily monitoring powered by data that effectively combines human intelligence with AI – through fine-tuned models trained on human-labeled data – enables fashion and other companies not only to build resilient value chains but also to maintain stakeholder trust and drive long-term performance.”

With 791 out of 16,968 unique global supply chain risk incidents, the fashion sector accounts for 5% of the total. Retail stands out as the sector most exposed to supply chain risk, with global incidents more than doubling since 2020, accounting for 8,923 risk incidents over the past five years and increasing by 22% in the past year. The financial services sector follows as the second most risk-prone, with incidents rising 32% since 2020 and a 3% increase over the past year. Following closely is the food and beverage sector, which has seen a 16% increase since 2020 and a 5% rise over the past year.

In today’s global economy, supply chains are not just operational backbones – they are strategic assets that directly impact business continuity, profitability, and corporate reputation. Supply chains are facing heightened pressure as a convergence of global challenges reshapes the risk landscape. Climate change, the energy transition, trade tensions, and geopolitical conflicts are not isolated issues – they intersect and amplify each other, exposing vulnerabilities across industries and regions.

Notes to editors

RepRisk captures supply chain risks by intersecting two of the 28 issues covered in its research scope and rule-based methodology: the cross-cutting issue of supply chain and any other issue. From May 1, 2024 to April 30, 2025, 3,958 business conduct risk incidents in supply chains were linked to 6,596 companies globally. 87% of implicated firms were private, versus 13% that were publicly listed. Over the full analysis period from May 1, 2020, to April 30, 2025, a total of 16,556 supply chain risk incidents were identified globally.

RepRisk offers the largest and most comprehensive dataset, covering 100+ risk factors across 350,000+ entities globally (public and private companies, and related projects), and takes an objective, rules-based ‘outside-in’ approach – irrespective of information published by companies. Every day, RepRisk analyzes 2.5 million documents from 150,000 sources across 23 languages to deliver relevant risk insights.

About RepRisk

RepRisk is the world’s most respected Data as a Service (DaaS) company for reputational risks and responsible business conduct. Since 2007, RepRisk’s data has been trusted by the world’s leading banks, investment managers, Fortune 500 companies, sovereign wealth funds, and organizations such as the OECD and UN. Combining advanced AI with deep human expertise, and a proven methodology at the core, RepRisk’s solutions bring peace of mind, enabling clients to ‘know more, be sure, and act faster’. Our pioneering solutions help to strengthen due diligence processes across ESG topics, such as biodiversity, deforestation, human rights, and corruption, empowering clients to identify, monitor, and mitigate reputational, compliance, and financial risks. Headquartered in Zurich, and with offices in Toronto, New York, London, Berlin, Manila, and Tokyo, we stay close to clients and bring an independent lens to the industry. United by our shared belief in the power of data, our 400 people are proud to be setting the global standard for business conduct data and driving positive change through transparency. Visit us at reprisk.com and follow us on LinkedIn.

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Contact

Mathias Fürer
+41 41 552 30 01
media@reprisk.com 

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SOURCE RepRisk

SHANGHAI, July 7, 2025 /PRNewswire/ — TrinaTracker, the smart solar tracking system provider under Trinasolar (SHA: 688599), announced that it has received a third party technical review of the wind tunnel test program for its Vanguard 1P tracker, with a report issued by the independent energy expert and assurance provider, DNV. The test program, conducted by Tongji University, involved a new rigid-model pressure measurement test and advanced dynamic analysis research for its Vanguard 1P tracker, with DNV providing third-party technical review services.

The study was conducted in TJ-3 wind tunnel of Tongji University, of which the scale ranks second among similar wind tunnels in the world. It utilized a large-scale multi-row array model (measuring 5m × 2.2m) to perform comprehensive and precise measurements of wind loads on the tracker structure. The study also investigated the effects of various parameters to ensure the reliability of the Vanguard 1P tracker across different application scenarios.

DNV conducted a rigorous review of the research findings. This advanced wind load evaluation further enhances the wind resistance performance of the Vanguard 1P tracker.

Xie Tao, General Manager, Energy Systems for Mainland China, Hong Kong and Macau at DNV , said, “As a critical component of PV systems, the long-term reliability of trackers directly impacts investor returns. This review examines the innovative wind tunnel testing method proposed by Tongji University and TrinaTracker—a bold step forward in testing technologies amid the energy transition.”

TrinaTracker maintains dedicated wind engineering research capabilities and collaborates with global leaders like Tongji University, RWDI, and CPP to ensure its products remain at the industry forefront. The partnership with DNV exemplifies a new model to address global customer needs. Moving forward, TrinaTracker will continue investing in technical innovation to deliver cutting-edge tracker technologies and products.

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SOURCE TrinaTracker

HONG KONG, July 7, 2025 /PRNewswire/ — On 8 July 2025, the world’s leading index company, FTSE Russell, recently announced the latest Environmental, Social and Governance (ESG) rating results for Fosun International Limited (HKEX stock code: 00656) (“Fosun International”). In 2025, Fosun International’s FTSE Russell ESG rating was upgraded to 3.9, consistently outperforming the global industry average (2.6) and the national average (2.0), while maintaining its inclusion in the FTSE4Good Index Series for the fourth consecutive years.

The FTSE Russell ESG rating focuses on corporate governance, environmental, and social issues. According to the latest rating results, Fosun International outperformed the industry average and the national average across environmental, social, and governance issues. Notably, Fosun International achieved a perfect score of 5.0 in Environmental Supply Chain and Anti-Corruption, and for the first time, attained a full score of 5.0 in Risk Management. In addition, Fosun International received scores of 4.0 or higher in the fields of Human Rights & Community, Labour Standards, Social Supply Chain, and Corporate Governance. Fosun International’s improved ESG rating and continued inclusion in the FTSE4Good Index Series highlight the capital market’s strong recognition of its ESG management capabilities.

In recent years, Fosun International’s ESG ratings have continued to excel, underscoring its outstanding sustainability performance. As of now, Fosun International maintained an MSCI ESG rating of AA, achieved an HSI ESG rating of AA-, ranked in the top 5% among global peers in latest S&P Global’s Corporate Sustainability Assessment (CSA), was included in S&P Global’s Sustainability Yearbook 2025, and was selected as the top 1% in S&P Global’s Sustainability Yearbook 2025 (China Edition).

Since its establishment, Fosun has remained committed to its original aspirations of “Self-improvement, Teamwork, Performance, and Contribution to Society”. Looking ahead, while focusing on business operations, Fosun will continue to strengthen sustainable development management, actively fulfill its corporate social responsibilities, and deepen the implementation of ESG initiatives. Leveraging the resources and advantages of its global industrial ecosystem, Fosun strives to continuously contribute to build a better world.

About FTSE4Good Index Series:

Launched in 2001, the FTSE4Good Index Series is the first index series to measure the performance of companies that meet globally recognized corporate responsibility standards. It aims to identify and recognize companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by investment advisers, asset owners, fund managers, investment banks, stock exchanges and brokers when creating or assessing sustainable investment products. For the inclusion in the FTSE4Good Index Series, companies are required to implement corporate responsibility measures in a number of areas, including working towards mitigating and adapting to climate change, conserving resources, countering bribery and corruption, up-holding and supporting universal human rights, labor rights and ensuring good supply chain labor standards, while complying with strict global guidelines.

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SOURCE Fosun