Month: September 2026

Ness Ziona, Israel, Sept. 24, 2026 (GLOBE NEWSWIRE) —

• Record first half revenue of $1.55 million, up 438%, at a 61% gross margin, all generated by the AME and Quantum segment in its first 86 days after being acquired by QTREX
• INSU300, the first native RF dielectric developed specifically for superconducting quantum computing, launched September 23, 2026, with a dedicated AME system; initial deployments at two government and defense organizations for validation in their own systems
• Company expects to announce additional commercial agreements in the fourth quarter and to provide a 2027 financial outlook

QTREX Quantum Ltd. (Nasdaq: QTEX) (“QTREX” or the “Company”), a company focused on advancing Additively Manufactured Electronics (“AME”) for quantum computing infrastructure, today reported financial results for the six months ended June 30, 2026, and provided a business update.

Revenue reached a record $1.55 million, up approximately 438% from $289,000 in the first half of 2025, with a consolidated gross margin of 61%. All revenue was generated by the AME and Quantum segment in its first 86 days under QTREX following the acquisition on April 6, 2026. The year-over-year comparison reflects the addition of the acquired business. The Company expects to announce additional commercial agreements during the fourth quarter and, in the same quarter, to provide a financial outlook for 2027.

First Half 2026 Financial Highlights

• Completed the acquisition of the AME platform on April 6, 2026 for $2.0 million in cash at closing, with contingent consideration payable only out of net cash collected from the sale of inventory and property acquired with the business over the following twelve months.
• Revenue of $1.55 million comprised $1.24 million from products and $313,000 from services, all within the AME and Quantum segment.
• Consolidated gross profit of $944,000, representing a gross margin of approximately 61%.
• Cash, cash equivalents and deposits of $10.7 million on June 30, 2026, compared with $3.2 million on December 31, 2025.
• Net cash used in operating activities of $3.9 million, compared with $5.1 million in the first half of 2025.

Business Highlights

The Company is using its acquired AME platform to develop proprietary materials and integrated cryogenic components that address the thermal load, wiring density and signal integrity challenges of scaling superconducting quantum computers. Progress since the acquisition:

• Progress with a leading quantum computing company. Following the joint technical evaluation announced on May 21, 2026, with one of the world’s five leading quantum computing companies, additional requirements have been agreed and several stages of testing completed on parameters required for its systems.
• INSU300 launch and validation deployments. Launched INSU300 and a dedicated AME system on September 23, 2026, meeting the target set in August. The material is being provided to two government and defense organizations for validation and testing within their own systems.
• Industry presence. Presented the interconnect architecture designed to support 17,280 coaxial lines per cryogenic stage at IEEE Quantum Week in Toronto, and exhibited the multistage demonstrator built with INSU300 at Quantum World Congress in College Park, Maryland.
• Transition to customer production. One of the largest U.S. interconnect manufacturers, with established product lines for quantum computing applications, moved its AME system from development to production following a validation program in which the manufacturing process achieved a 97% yield.
• Quantum infrastructure components. Received a commercial order for customized shielded RF monolithic components from a leading government-owned international company and began production. Separately, produced a cryogenic chip carrier to the specifications of one of the world’s largest U.S.-based technology companies developing full-stack quantum computing systems.
• Government and defense activity. QTREX AME systems operate at two U.S. government laboratories with quantum programs. On September 2, 2026, the Company announced that one of Israel’s three largest defense companies had begun deployment of its AME technology under a phased program.

CEO Update

Dagi Ben-Noon, Chief Executive Officer of QTREX, commented:

“Less than two months after entering quantum computing, QTREX had already begun a joint technical evaluation with one of the world’s five leading quantum computing companies. Since then, we have agreed additional requirements and completed several testing stages addressing specific parameters of its systems, advancing toward the performance and integration requirements of a partner at this level.

“In less than six months, we have built a network of customers and collaborators that includes Qarakal Quantum, U.S. government laboratories, defense companies and organizations, and academic institutions. This pace is the direct result of acquiring a business our leadership knows inside and out. That operational knowledge enabled seamless integration of its technology, people and manufacturing capabilities into QTREX and immediate execution of our quantum strategy.

“With INSU300, we launched the material and the dedicated system on the timetable we set. The initial deployments at two government and defense organizations are for validation within their own systems. For future commercial deployments, our model is to provide the system and sell the material customers consume. Our objective is to convert successful validation into ongoing commercial use, expand installations and grow material sales as customers increase their activity.

“We are building QTREX to become a dominant technology provider for superconducting quantum computing. Bringing proprietary materials, manufacturing processes and component design into one platform opens multiple paths for integration across the hardware of these systems. Our strategy is to embed QTREX technology in critical parts of the quantum computer and continually expand the range of functions we can deliver.

“Our development work is already addressing thermal load, signal integrity and the physical constraints of scaling these systems. We are using our manufacturing capabilities and working with partners to advance new materials and integrated components from design through testing and qualification. Our current products and commercial activity provide the foundation for this broader research and development effort and the business we intend to build around it.

“We are advancing ongoing technical and commercial discussions with several of the largest companies in quantum computing about supplying our cryogenic connectivity and meeting their integration requirements. Our participation in IEEE Quantum Week and Quantum World Congress this month supported this ongoing work through further technical exchanges and introductions to additional organizations. In parallel, we are working on transactions that would add established revenue and manufacturing capability to QTREX.

“The pace we have established sets the bar for what comes next, and what we have announced so far is a small part of what is in motion. I expect to announce additional commercial agreements during the fourth quarter, when we will also provide our 2027 financial outlook describing a substantially larger business than the one we report today. I expect the next twelve months to bring significant revenue growth, strategic partnerships, broader customer adoption and increased product deliveries.”

Financial Results

Revenue for the six months ended June 30, 2026 included $1.24 million from sales of AME systems, proprietary inks, other consumables and spare parts, and $313,000 from installation, training, support and maintenance services. Gross margin reflected the mix of systems, consumables and services recognized during the period.

Total operating expenses were $7.9 million, compared with $7.2 million in the first half of 2025. The increase primarily reflected research and development expenses associated with the acquired AME and Quantum operations, partly offset by lower general and administrative expenses, primarily lower share-based compensation.

The AME and Quantum segment recorded operating expenses of $2.4 million and an operating loss of $1.4 million in its first 86 days under QTREX. The Medical Technology segment, which recorded no revenue and also carries corporate and public company costs, accounted for the remaining $5.5 million of operating loss. The Company continues to pursue transactions to monetize its medical technology assets.

Consolidated operating loss was $6.9 million, compared with $7.2 million in the first half of 2025. Net loss was $6.4 million, or $0.14 per share, compared with $6.4 million, or $0.24 per share.

Cash Position and Financing

Cash, cash equivalents and deposits totaled $10.7 million at June 30, 2026, compared with $3.2 million at December 31, 2025.

Net cash used in operating activities was $3.9 million, compared with $5.1 million in the first half of 2025. Operating cash flow included the effects of a $2.1 million increase in other accounts payable, a $573,000 increase in accounts receivable and a $443,000 decrease from sale of inventory during the period.

Net cash used in investing activities was $2.0 million, primarily consisting of the cash paid at the closing of the AME and Quantum acquisition. Net cash provided by financing activities was $13.5 million, principally from the registered direct offering completed in February 2026 and the private placement offering completed on June 1, 2026.

On August 20, 2026, after the period end, the Company conducted a registered direct offering consisting of 11,111,111 ordinary shares sold at a purchase price of $0.90 per share, raising approximately $10 million in gross proceeds and approximately $9.2 million net of offering costs. These proceeds are not included in the June 30 cash balance.

Further discussion of liquidity and capital resources is included in the Management’s Discussion and Analysis furnished with the Company’s Report on Form 6-K.

Outlook

The Company expects the fourth quarter of 2026 to be its most active commercial period to date. It expects to announce additional commercial agreements during the quarter and, in the same quarter, to provide a financial outlook for 2027 that reflects a substantially larger business. In addition, the Company has completed a joint work plan with a U.S. national laboratory and is targeting formalization of the collaboration during the quarter, subject to the laboratory’s review and approval process.

Selected Financial Information

Unaudited. U.S. dollars in thousands, except share and per share data. To be read together with the Company’s unaudited condensed interim consolidated financial statements and notes for the six months ended June 30, 2026, furnished on Form 6-K.

Unaudited Condensed Consolidated Statements of Comprehensive Loss

				Six months ended June 30,						Six months ended June 30,
				2026						2025
Revenues						1,554						289
Cost of revenues						(610		)				(287		)
Gross Profit						944						2
Research and development expenses						(4,760		)				(3,638		)
General and administrative expenses						(2,594		)				(3,150		)
Sales and marketing expenses						(545		)				(442		)
Other income (expenses)						19						(7		)
Operating loss						(6,936		)				(7,235		)
Interest income from deposits						22						37
Finance income (income), net						560						800
Loss before tax						(6,354		)				(6,398		)
Taxes on income						–						–
Total comprehensive and net loss						(6,354		)				(6,398		)
Net loss per ordinary share, basic and diluted						(0.14		)				(0.24		)
Weighted average number of ordinary shares						44,566,144						26,782,603

Unaudited Condensed Consolidated Balance Sheet Data

			June 30,				December 31,
			2026				2025
ASSETS
Current Assets:
Cash and cash equivalents				10,666				3,159
Accounts receivable				825				–
Other current assets				738				517
Inventory				2,812				735
Total current assets				15,041				4,411
Non-Current Assets:
Right of use assets, net				2,742				478
Property, plant and equipment, net				2,528				452
Total non-current assets				5,270				930
Total Assets				20,311				5,341
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Trade accounts payable				466				107
Contingent consideration liability				996				–
Deferred revenue				1,004				–
Other accounts payable				3,519				1,349
Lease liabilities				1,545				286
Financial liabilities at fair market value				–				1,082
Total current liabilities				7,530				2,824
Non-Current Liabilities:
Lease liabilities				1,249				194
Deferred revenue				196				–
Royalty-bearing grant liability				597				–
Total non-current liabilities				2,042				194
Total Shareholders’ Equity				10,739				2,323
Total Liabilities and Shareholders’ Equity				20,311				5,341

About QTREX Quantum

QTREX Quantum Ltd. (Nasdaq: QTEX) is a technology company focused on advanced connectivity and electronics manufacturing solutions for quantum computing and other advanced hardware markets. Following its acquisition of the AME platform, the Company is developing high-density, thermally optimized quantum connectivity solutions for dilution cryostats and advancing AME applications for defense, aerospace, missile, space, and other mission-critical environments. The Company also continues to advance its medical technology portfolio, including respiratory support and blood monitoring platforms, while actively working to monetize certain parts of the medical business.

For more information, please visit: www.q-trex.com

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses negotiations and potential entry into definitive agreements; its expectation to announce additional commercial agreements in the fourth quarter and to provide a 2027 financial outlook; the progress and timing of its various projects with its customers and collaborating partners; the progress of its joint technical evaluation with one of the world’s five leading quantum computing companies; its belief that its business pace is the direct result of acquiring a business its leadership knows inside and out and that operational knowledge enabled seamless integration of its technology, people and manufacturing capabilities into QTREX and immediate execution of its quantum strategy; its future commercial deployments and expected business model; its plans to develop proprietary materials, high-density interconnects and integrated cryogenic components to address the thermal load, wiring density and signal integrity challenges of scaling superconducting quantum computers; its objective to become a dominant technology provider for superconducting quantum computing; its strategy to integrate proprietary materials, manufacturing processes and advanced components into multiple critical parts of these systems and continually expand the range of functions its platform can deliver; its discussions with quantum computing companies and potential transactions intended to add established revenue and manufacturing capability; its target to formalize a collaboration with a U.S. national laboratory in the fourth quarter, subject to the laboratory’s review and approval process; its view that the pace it has established in its first six months sets the bar for what comes next, and that what it has announced so far is a small part of what is in motion; its expectation to announce additional commercial agreements during the fourth quarter and that the next twelve months will bring significant business growth, strategic partnerships, broader customer adoption and increased product deliveries; its expectation that its 2027 outlook will describe a business substantially larger than the one it reports today, and that what it has achieved in its first six months is the groundwork for that expansion; and its expectation that the fourth quarter of 2026 will be its most active commercial period to date. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements. More detailed information about the risks and uncertainties affecting the Company is contained under “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission.

Company Contact
QTREX Quantum
Email: info@q-trex.com
Phone: +972-9-9664485

BOISE, Idaho, Sept. 24, 2026 (GLOBE NEWSWIRE) — Idaho Copper Corporation (NYSE American: COPR) (“Idaho Copper” or the “Company”), a critical minerals developer advancing the flagship CuMo copper-molybdenum-silver project in Idaho, today announced that Chief Executive Officer Andrew Brodkey will serve as a featured panelist at the 2026 Mining and Energy Expo, presented by Better In Our Back Yard (BIOBY), taking place September 29 – October 2, 2026, in Bloomington, Minnesota.

Mr. Brodkey will appear on a panel focused on mining in Idaho on Thursday, October 1, 2026. Now in its second year, the Mining and Energy Expo convenes the decision-makers and leaders shaping policy, infrastructure, and investment across the mining and energy sectors, providing a forum to advance domestic critical mineral development and connect industry, investors, and policymakers. Details of Mr. Brodkey’s participation are as follows:

2026 Mining and Energy Expo
Session: Idaho Mining Panel
Date: Thursday, October 1, 2026
Location: Bloomington, Minnesota
Registration: betterinourbackyard.com/mining-and-energy-expo

Andrew Brodkey, Chief Executive Officer of Idaho Copper, commented, “We are honored to take part in the BIOBY Mining and Energy Expo and to represent Idaho on a panel dedicated to responsible mining in our state. This comes at a pivotal time for Idaho Copper, following the recent approval to commence drilling for our flagship CuMo project. Conferences like these bring together the industry leaders, investors, and policymakers who are shaping the future of domestic critical mineral supply, and they offer an important platform to raise awareness of the CuMo project and the role Idaho can play in strengthening America’s copper and molybdenum supply chains. We look forward to sharing our story and continuing to build visibility for Idaho Copper following our recent listing on the NYSE American exchange.”

About Idaho Copper Corp.

Idaho Copper Corporation (NYSE American: COPR) is a critical minerals developer focused on exploring and developing the CuMo copper-molybdenum-silver project located in Boise County, Idaho. The CuMo project is one of the largest undeveloped copper deposits in the western hemisphere, which management believes is among the largest undeveloped molybdenum deposits in the world, and contains significant amounts of silver, rhenium, and tungsten—all considered critical or of strategic importance. The project comprises approximately 2,640 acres and consists of 126 federal unpatented lode mining claims and 6 patented mining claims. To learn more, please visit www.idaho-copper.com.

Safe Harbor Statement

With the exception of historical information contained in this press release, content herein may contain “forward-looking statements” that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by using words such as “anticipate,” “believe,” “plan,” “expect,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements regarding Idaho Copper’s participation in the 2026 Mining and Energy Expo and statements relating to expected developments and growth in Idaho Copper’s business. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this press release contains time-sensitive information that reflects management’s best analysis only as of the date of this press release. Idaho Copper does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in Idaho Copper’s periodic filings with the SEC.

Investor Relations Contact
Lucas A. Zimmerman
Managing Director
MZ Group – MZ North America
(262) 357-2918
COPR@mzgroup.us
www.mzgroup.us

LONDON, September 24, 2026 – Stolt-Nielsen Limited (Oslo Børs: SNI) will host a virtual presentation to discuss the Company’s unaudited results for the third quarter and first nine months of 2026 on Thursday, October 1, 2026 at 15:00 CEST (09:00 EDT, 14:00 BST).

The virtual presentation will be hosted by:

–          Udo Lange – Chief Executive Officer, Stolt-Nielsen Limited 
–          Alex Ng – Chief Financial Officer, Stolt-Nielsen Limited

To join the event online, please click here.

The link will also be available on our website. It may be necessary to download the Teams app to join by mobile phone, although attendees should not need to log in or create an account.

The presentation slides will be published on the Investor section of our website (www.stolt-nielsen.com) on the day of the presentation.

For additional information please contact:

Alex Ng
Chief Financial Officer

Kirsty MacCallum
Head of Corporate Communications

T: +44 207 611 8960
investors@stolt.com

About Stolt-Nielsen Limited
Stolt-Nielsen (SNL or the ‘Company’) is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses – Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and various investments. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Discussion highlights land-and-expand execution, expansion into new verticals, and commercial scaling initiatives

PALO ALTO, Calif., Sept. 24, 2026 (GLOBE NEWSWIRE) — Cloudastructure, Inc. (Nasdaq: CSAI) (“Cloudastructure” or the “Company”), a leader in cloud-native AI surveillance and remote guarding, today announced that James McCormick, Chief Executive Officer, and other members of the Company’s management team, participated in a fireside chat hosted by James Kisner, Managing Director at Water Tower Research on Tuesday, September 22, 2026, at 3:30 pm ET. During the discussion, management highlighted several strategic initiatives, including:

• Existing Account Expansion: Long-term opportunity to expand deployments within relationships with eight of the ten largest U.S. multifamily property managers, creating a significant runway for growth within existing enterprise customers.
• New Vertical Growth: Expansion into construction, commercial real estate, and transportation and logistics, leveraging the Company’s core AI-powered surveillance and remote guarding platform.
• Recurring Revenue Growth: Continued growth in subscription revenue is expected to support long-term margin expansion and operating leverage while maintaining disciplined spending.
• Commercial and Operational Scaling: CRO Nile Coates and CSOO Ed Burnett are leading initiatives to expand key verticals, strengthen strategic partnerships, establish master service agreements and scale the Company’s commercial and operational capabilities.

A replay of the fireside chat is now available on demand in the Investor Relations section of Cloudastructure’s website here.

To schedule a one-on-one meeting with Cloudastructure’s management team, please email KCSA Strategic Communications at Cloudastructure@KCSA.com.

About Cloudastructure, Inc.
Headquartered in Palo Alto, California, Cloudastructure’s patented, advanced, award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit https://www.cloudastructure.com/.

Forward-Looking Statements
Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections, and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statement expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties, and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Factors that could cause or contribute to such differences include the risks and uncertainties discussed in the reports that the Company has filed with the SEC, such as its Annual Report on Form 10-K. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.

Media Contact:
Kathleen Hannon
Sr. Communications Director
Cloudastructure, Inc.
704.574.3732
Kathleen@cloudastructure.com

Investor Contact:
Valter Pinto
Managing Director
KCSA Strategic Communications
212.896.1254
Cloudastructure@KCSA.com