Month: September 2026

CALGARY, Alberta, Sept. 30, 2026 (GLOBE NEWSWIRE) — Record Resources reports 3D seismic reprocessing and a resource report on its 20 percent-owned Ngulu oil block in Gabon to be completed by year-end.

As disclosed in Consortium Partner, Reconnaissance Energy Africa Ltd. (September 28, 2026 news release): “The 3D seismic reprocessing program is utilizing the most current state-of-the art reprocessing technology. The reprocessing project is expected to be completed before year end, concurrently a resource report will be commissioned and appraisal well locations to the Loba oil discovery will be selected. Well planning has commenced for an anticipated spud.”

As reported by Reconnaissance Energy Africa Ltd., the 3D seismic reprocessing technology includes DUG’s Full Waveform Inversion (MP-FWI) to help illuminate oil bearing reservoirs within the Loba discovery and the vast salt related exploration inventory mapped by the previous operator on the concession.

Prior to 1995, previous operators would only have been able to utilize 2D seismic for geophysical surveys. While 2D was a vast improvement over gravity and magnetic surveys, it was not nearly as effective at guiding and determining drilling locations as 3D seismic. From this point of view, the Ngulu Block remains relatively unexplored.

The consortium is exploring the Ngulu block, which covers 1,214 Km² and is equivalent to 54 Gulf of Mexico blocks, is in shallow water offshore central Gabon. This strategic block is located on trend to several sizable producing oil fields. The key aspects of the Ngulu Block include the Loba oil field discovery and over 28 seismically identified prospects in the Pre-salt Gamba / Dentale and Post-salt plays (See figure 1 below).

Figure 1:

Our marquee prospects on the block include Lepidote Deep (Post-salt play), the Palomite Complex including Deep (Pre-salt play) and shallow (Post Salt) prospects and the Pompano complex with both postsalt and subsalt prospects.

The Loba discovery was made by Elf-Gabon’s LOM-1 well, which targeted the Batanga and Anguille reservoirs. The LOM-1 well discovered a shallow oil zone (27^o API gravity oil) in the Batanga Formation with 140 metres of gross oil column (70 metres net pay) and is similar to nearby producing fields Barbier, Barbier Southwest and Ablette.

The Loba oil discovery was made in 60 metres of water depth and is approximately 10 kilometres from the Barbier field existing infrastructure, operated by international oil company Perenco. Management believes that low-cost options are available for the development of the Loba Complex, which include the initial Loba oil discovery and follow-on appraisal targets at Loba Deep and Loba East.

The Loba complex (See figure 2 below), has potential production of ~20,000 Bbl/d ^(1)(2)(3)(4) based on offset fields. Wells in analogous fields have shown Initial production rates (“IP rates”) up to 7,600 Bbl/d of oil with a single completion ^(1)(2)(3)(4). These analogous wells are located within 40 km from the Loba Oil Complex and are in the same targeted reservoir.

1. Grondin Field. AAPG Memoir Giant Oil and Gas Fields of the Decade: 1968-1978 / Geology of Grondin Field. Peak field production at Grondin ~25,000 bbl/d.  
2. Baudroie field, Nguma Moabi TCM report 17, May 2006. Initial production 1972. Total production reported at 42,000 bbl/d. IPs up to 7,600 BBls/d.
3. Torpille field, operator Societe des Petroles d’Afrique Equatoriale Francaise (Total Energies), 1972 report. Total field production reported as 25,000 BBls/d. 
4. We are unable confirm if the reports were prepared by a qualified reserves evaluator or auditor or in accordance with the COGE handbook. 

Figure 2:

About Record Resources:
Record Resources is an E&P company advancing high impact oil and gas plays with large-in-place resources and scalability. The company is a carried partner in a newly formed consortium developing oil and gas projects in Central Gabon’s Ngulu Block, a mature yet under-explored hydrocarbon base. Record also holds an interest in natural hydrogen exploration assets in Ontario, Canada, offsetting recent discoveries.

For more information please contact:

Michael Judson, Chairman & CEO
Record Resources Inc.

Robert Kramberger, VP Capital Markets
Record Resources Inc.
rkramberger@recordresourcesinc.com
T. +1 514-758-8080

Website: recordresourcesinc.com
LinkedIn: https://www.linkedin.com/company/record-ressources

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements:

This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) that are based on Record Resources’ current expectations, estimates, forecasts and projections. The words “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words and phrases are intended to identify forward-looking statements and include statements regarding management’s expectation anticipated production timeline, the 28 mapped prospects; management’s exploration and development plans; and all other expectations, intentions, and plans that are not historical fact.

Forward‐looking statements are based on a number of material factors, expectations, or assumptions of Record Resources which have been used to develop such statements and information but which may prove to be incorrect. Although Record Resources believes that the expectations reflected in such forward‐looking statements are reasonable, undue reliance should not be placed on forward‐looking statements because Record Resources can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: that Record Resources will continue to conduct its operations in a manner consistent with past operations; the quality of the reservoirs in which Record Resources operates; the timely development of infrastructure in areas of new production; certain cost assumptions; continued availability of equity financing to fund Record Resources’ current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which Record Resources operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Record Resources to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of Record Resources to obtain financing on acceptable terms; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of facility construction and expansion and the ability of Record Resources to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Record Resources operates; and the ability of Record Resources to successfully market its oil and natural gas products.

The forward‐looking information included in this news release are not guarantees of future performance and should not be unduly relied upon.

There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Record Resources. The forward-looking information contained in this release is made as of the date hereof and Record Resources undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The forward‐looking information and statements contained in this news release speak only as of the date of this news release, and Record Resources does not assume any obligation to publicly update or revise any of the included forward‐looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Abbreviations
bbl                barrels of oil
bbl/d             barrels of oil per day
MM               millions
MMbbl          millions of barrels of oil
boe               barrel of oil equivalent
boepd           barrel of oil equivalent per day
bopd             barrel of oil per day
MMboe         million barrels of oil equivalent
km²               square kilometres

A barrel of oil equivalent (“boe”) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Analogous Information
Certain information in this document may constitute “analogous information” as defined in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI-51-101 “), including but not limited to, information relating to the reservoirs in geographical proximity to lands that are held (or to be held) by Record Resources. Such information has been obtained from government sources, regulatory agencies or other industry participants. Record Resources believes the information is relevant as it helps to define the reservoir characteristics in which Record Resources may hold (or acquire) an interest. Record Resources is unable to confirm that the analogous information was prepared by a qualified reserves evaluator or auditor. Such information is not an estimate of the reserves or resources (or production levels) attributable to lands held or potentially to be held by Record Resources and there is no certainty that the reservoir data and economics information for the lands held or potentially to be held by Record Resources will be similar to the information presented herein. The reader is cautioned that the data relied upon by Record Resources may be in error and/or may not be analogous to such lands to be held by Record Resources.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/67fe0995-c836-4d2b-ba2c-9e2d872ba47f

https://www.globenewswire.com/NewsRoom/AttachmentNg/d2fd560b-61c3-4454-8b2c-ef471dcddd3f

CEO to Highlight Role Consumer Demand, A.I. and State Directives Plays in Shaping Regional Energy Market in Downstate New York

RONKONKOMA, N.Y., Sept. 30, 2026 (GLOBE NEWSWIRE) — SUNation Energy Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of solar energy and backup power solutions to residential, commercial, and municipal customers, today announced that Scott Maskin, Founder and CEO, will speak at the upcoming HIA-LI Energy Conference, joining regional business and energy leaders for a discussion on the rapidly changing forces shaping Long Island’s energy market.

Maskin’s remarks will focus on what businesses and consumers should expect in the year ahead as growing electricity demand, emerging technologies and evolving New York State energy policies place new pressures on the electric grid while creating new opportunities for distributed energy resources.

Among the most significant changes facing the industry is the accelerating growth of electricity demand. Artificial intelligence, data centers, transportation electrification, building electrification and the broader expansion of the digital economy are creating new sources of load at the same time consumers and businesses are becoming increasingly focused on energy costs, reliability and cost controls.

In addition, recent changes to New York’s building and energy codes demonstrate how state policy is increasingly connecting new construction with renewable energy deployment. Under the 2025 Energy Conservation Construction Code of New York State, qualifying new commercial buildings and residential buildings over three stories are generally required to satisfy a renewable-energy requirement through on-site generation or qualifying alternatives.

“The energy conversation has changed dramatically,” Maskin said. “For years, much of the discussion was centered on how quickly we could transition to cleaner sources of electricity. Today, we also have to answer an equally important question, where is this electricity needed to power the next generation of our economy going to come from, and how does government respond?”

The HIA-LI Energy Conference brings together business leaders, policymakers, utilities and energy-industry professionals to examine issues affecting Long Island’s economy and energy future, and is scheduled for October 23^rd, 2026. You can learn more about the event here: https://members.hia-li.org/event-calendar/Details/powering-a-sustainable-future-2026-energy-update-1612587

About SUNation Energy, Inc.

SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York and Hawaii, and the company operates in two (2) states.

Forward Looking Statements 

Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

Contacts:
Scott Maskin Chief Executive Officer +1 (631) 350-9340 smaskin@sunation.com SUNation Energy Investor Relations IR@sunation.com

BOSTON, Sept. 30, 2026 (GLOBE NEWSWIRE) — Beacon Financial Corporation (NYSE: BBT) announced today that it will report third quarter 2026 earnings at the close of business on Wednesday, October 21, 2026. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, October 22, 2026.

• To listen to the call via the webinar, please visit: https://events.q4inc.com/attendee/438851030
• To listen to the call, interested parties may dial (833) 461-5787 (United States) or (585) 542-9983 (internationally) and ask for the Beacon Financial Corporation conference call (Conference ID: 438 851 030).
• A recorded playback of the call will be available for one week following the call at (833) 309-1852 (United States & Canada) or (929) 828-5978 (internationally). The passcode for this playback is 438 851 030. The call will be available live or in a recorded version on the Company’s website at beaconfinancialcorporation.com.

ABOUT BEACON FINANCIAL CORPORATION

Beacon Financial Corporation (NYSE: BBT) is the holding company for Beacon Bank & Trust, commonly known as Beacon Bank, a full-service regional bank serving the Northeast. Headquartered in Boston, the Company has $22.3 billion in assets and more than 145 branches throughout New England and New York. Beacon Bank offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. The Company also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division, and private wealth services through Beacon Bank and Clarendon Private.

Beacon Financial Corporation
Carl M. Carlson
617-425-5331
Chief Financial and Strategy Officer

Collaboration advances Q/C Technologies’ optical processing unit initiative for AI inference through nanophotonics research at Sandia’s Center for Integrated Nanotechnologies

SAN FRANCISCO, Sept. 30, 2026 (GLOBE NEWSWIRE) — Q/C Technologies, Inc. (Nasdaq: QCLS) (“Q/C Technologies” or “the Company”), a developer of next-generation optical computing solutions, today announced a collaboration with the Center for Integrated Nanotechnologies (CINT) at Sandia National Laboratories (“Sandia”) to advance its proprietary optical processing unit (OPU) initiative for artificial intelligence inference. The Company is pioneering next-generation optical computing solutions designed to harness the properties of light to perform complex computations naturally via interference.

Sandia is one of the nation’s leading multi-mission science and engineering laboratories, operated for the U.S. Department of Energy’s National Nuclear Security Administration. With approximately 17,000 employees and an annual budget of approximately $5 billion, Sandia has deep capabilities spanning microelectronics, photonics, advanced materials, high-performance computing and systems engineering.

The Company’s collaboration with Sandia’s CINT focuses on joint research on nanophotonic components and the physical building blocks required for scalable optical AI processing. The project aims to establish and verify a defensible roadmap for optical AI hardware beyond incremental GPU scaling by identifying and prioritizing optical operations and device technologies for Q/C’s OPU architecture and addressing key challenges including nonlinear operations, memory, precision, optical loss and integration with electronic systems.

“Access to CINT’s scientific expertise and advanced research capabilities in photonics and nanoscale technologies represents an important step as we develop our proprietary optical computing platform,” said Joshua Silverman, Executive Chairman of Q/C Technologies. “As AI infrastructure faces increasing constraints in power consumption, bandwidth and scalability, we believe optical computing has the potential to fundamentally change how computationally intensive AI workloads are processed. This collaboration will help us evaluate key architectural concepts as we continue building the foundation for our next-generation optical computing solution.”

“This collaboration provides an opportunity to accelerate our work toward a practical, scalable optical computing architecture,” said Yossef Ehrlichman, Ph.D., Chief Technology Officer at Q/C Technologies. “We believe this work with CINT will help us define the pathway from fundamental optical capabilities to an integrated OPU architecture.”

The new collaboration represents another milestone in Q/C Technologies’ OPU initiative. The Company recently established a 4,800-square-foot integrated photonics laboratory in San Francisco and continues to build its foundation of knowledge and engineering expertise in AI, photonics and computing to support development of its proprietary OPU architecture.

About Q/C Technologies, Inc.

Q/C Technologies believes the next leap in frontier computing is optical. The Company is pioneering next-generation optical computing solutions designed to harness the properties of light to perform complex computations naturally via interference. Overcoming key challenges posed by electronic GPUs, Q/C Technologies seeks to develop proprietary optical processing units with orders of magnitude faster clock speed and bandwidth and vastly improved energy efficiency relative to traditional computing architectures. qctechnologies.com

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and neither the Company nor its affiliates assume any duty to update forward-looking statements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “may,” “plan,” “will,” “would’’ and other similar expressions are intended to identify these forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: the development, performance and scalability of its optical computing products and related technologies, unanticipated financial setbacks, the Company needing to pursue financing options that could adversely impact its liabilities due to adverse market conditions, the Company’s ability to successfully develop new technologies; increased levels of competition; changes in political, economic or regulatory conditions generally and in the markets in which the Company operates; the Company’s ability to patent and otherwise protect its technologies from competitors; the Company’s ability to retain and attract senior management, engineers and other key employees; and the Company’s ability to quickly and effectively respond to new technological developments. A discussion of these and other factors with respect to the Company is set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent reports that the Company files with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:
800-507-9010

LAS VEGAS, NEVADA, Sept. 30, 2026 (GLOBE NEWSWIRE) — Avaí Bio, Inc. (OTCQB: AVAI) (“Avaí” or the “Company”), an emerging biotech developing transformative cell-based therapies for diabetes, age-related disorders, and anti-aging, together with its joint venture partner Austrianova, today announced the successful encapsulation of GMP-quality Klotho-producing cells in the joint venture’s signature technology, Cell-in-a-Box^® capsules.

After the successful completion of comprehensive adventitious agent and viral testing of its GMP Master Cell Bank (MCB), from which its Working Cell Bank (WCB) was recently established, Avaí Bio and global biotech, Austrianova, have completed an important milestone in the development of the Company’s genetically modified α-Klotho-producing cell line. Initial studies have demonstrated that the encapsulated cells remain viable, produce, and secrete high levels of the Klotho protein from within the capsules into the surrounding culture media.

This is a key functional objective of the platform. These results indicate that the capsule membrane supports both long-term cell containment and effective release of the therapeutic protein.

The achievement represents a significant technical milestone for the joint venture’s Klotho cell therapy program, providing the first confirmation that Klotho-expressing cells manufactured and banked under Austrianova’s GMP process can be successfully incorporated into the Cell-in-a-Box^® delivery platform while maintaining their biological function.

“Our latest results demonstrate that Klotho-producing cells from the Working Cell Bank can be successfully encapsulated and express (produce) and secrete substantial amounts of the Klotho protein following encapsulation,” said Chris Winter, Chief Executive Officer of Avaí Bio. “These findings validate a critical component of our development strategy by confirming that the therapeutic cells remain functional within the Cell-in-a-Box^® capsules and can release the target protein into the surrounding environment.”

Walter H. Gunzburg, Chairman and Chief Scientific Officer of Austrianova, said, “With successful encapsulation and confirmation of Klotho secretion now achieved, the program will advance to capsule expansion and optimization studies. These activities will evaluate growth characteristics, long-term functionality, and production performance of encapsulated Klotho-producing cells under conditions designed to support future development milestones.”

This latest milestone reported by the joint venture, Klothonova, a Nevada-based company equally owned by Avaí Bio and Austrianova’s affiliate, SG Austria Pte. Ltd, place the company well on track to develop a sustainable, long term production and delivery of α-Klotho—often referred to as the “longevity protein,” a central regulatory protein that is well documented for its anti-aging and protective effects on organs—in patients using Cell-in-a-Box^® encapsulated cell-based therapies.

About Avaí Bio, Inc.
Avaí Bio, Inc. is an emerging biotechnology company focused on identifying genetically modified cell lines, and through joint venture and licensing agreements developing innovative cell-based therapies.

About Austrianova (SGAustria Pte. Ltd.)
Austrianova, based in Singapore, is a leading biotechnology company specializing in cell encapsulation, GMP-grade cell products, and cell line development, backed by over 50 peer-reviewed publications and partnerships with global pharmaceutical and biotech companies.

More information about Avaí Bio can be found at https://www.avaibio.com
More information about Austrianova can be found at https://austrianova.com

You can also follow us on social media at:

https://x.com/AvaiBio
https://Facebook.com/AvaiBio
https://YouTube.com/@AvaiBio
https://Facebook.com/Austrianova

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.”  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact.  Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date after the date of the press release.

CONTACT: Avaí Bio, Inc.
info@avaibio.com