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

WILMINGTON, Mass., Sept. 24, 2026 (GLOBE NEWSWIRE) — Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (NASDAQ: DETX; TSXV: SCAN), a leading technology provider of AI-based, next-generation detection solutions for concealed weapons and threats, today announced the execution of a strategic, non-exclusive distribution agreement with VMI Security.

VMI Security is a recognized leader in non-intrusive security inspection solutions, serving a broad range of market verticals, including aviation, critical infrastructure, government, and public venues. The agreement expands Liberty’s U.S. sales channel network and strengthens the Company’s ability to address the large and growing demand for total security screening applications.

Under the agreement, VMI will offer Liberty’s HEXWAVE™ walkthrough screening system as part of its security solutions portfolio. HEXWAVE combines advanced artificial intelligence and machine learning with active sensing technology to detect metallic and non-metallic weapons, explosives, and other emerging threats in real time, while enabling a high-throughput, frictionless screening experience.

The partnership provides Liberty with access to VMI’s established customer relationships, extensive sales infrastructure, and deep expertise across airports, critical infrastructure, public venues, and other security-sensitive environments. VMI’s established market presence and ability to integrate multiple security technologies into comprehensive screening solutions are expected to enhance Liberty’s ability to introduce HEXWAVE to new customers and support additional commercial opportunities.

“The partnership with VMI Security comes at a critical time for the expanding US security screening market,” said Bill Frain, CEO of Liberty Defense. “VMI has a proven track record of delivering next-generation security inspection technologies and the ability to provide customers with end-to-end checkpoint screening solutions, now including HEXWAVE. We believe the combination of VMI’s security expertise and customer reach with Liberty’s AI-enabled detection capabilities creates a compelling opportunity to expand the adoption of HEXWAVE in high-value security applications.

“We are extremely excited to add HEXWAVE to VMI’s growing portfolio of security screening solutions,” said Scott Ortolani, COO of VMI Security. “I have personally followed the development of HEXWAVE since its introduction to the market, watching the technology evolve and the product demonstrate its capabilities in real-world security environments. I have been consistently impressed by both the technology and Liberty Defense’s vision for what advanced, high-throughput screening can become.

The Company also announces that on September 24, 2026, it granted an aggregate of 43,888 restricted share units (the “RSUs”) to certain directors and officers of the Company pursuant to the Company’s Omnibus Long-Term Incentive Plan dated for reference November 6, 2025 (the “Plan”). Of the RSUs granted, 23,888 RSUs vest on September 24, 2027, and 20,000 RSUs vest on September 24, 2028. All RSUs have an expiry date of September 24, 2031. Each RSU entitles the holder to receive one common share of the Company upon vesting and settlement.

For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.

About Liberty Defense
Liberty Defense (NASDAQ: DETX; TSXV: SCAN) provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty’s HEXWAVE product, for which the Company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions.

For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.

ABOUT VMI Security
VMI Security is one of the world leaders in manufacturing and developing X-ray inspection technologies. With non-intrusive inspection solutions that aim to strengthen control and security systems, VMI stands out for developing high-quality equipment and for its continuous support services.

For sales information, please contact:

Ian McNaughton
Senior Director Business Development, Liberty Defense
613-292-3669
imcnaughton@libertydefense.com

FORWARD-LOOKING STATEMENTS
When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because Liberty can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty’s actual results to differ materially from those indicated or implied by forward-looking statements and information, including those appearing in Liberty’s public filings. Such factors include, among others: currency fluctuations; limited business history of Liberty; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; general development, market and industry conditions; and other factors described in Liberty’s public filings. Liberty undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable).

Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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

MindWave will supply and operate the technology, while AQUAE leads the ALCI Credits methodology, brand and market development

MATAWAN, New Jersey, Sept. 24, 2026 (GLOBE NEWSWIRE) — via IBN — MindWave Innovations Inc. (“MindWave”), a subsidiary of Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS), has signed a 12-month technology services agreement with Singapore-based AQUAE Holdings Pte. Ltd. (“AQUAE”) to deploy its MindChain infrastructure as the foundation of AQUAEChain, a platform for insured ALCI Credits.

Under the agreement, MindWave will design, develop, deploy and host AQUAEChain, and provide technical support once it is live. The platform will manage the full life of an ALCI Credit: issuance, verification, tracking, transfer and retirement.

MindWave will earn contracted software development and technology service fees. The agreement also references an allocation to MindWave equal to 20% of the total ALCI Credits issued and outstanding on the AQUAEChain network, calculated at the end of each quarter using the MindChain issuance ledger.

The two companies have divided the work along clear lines. AQUAE will lead the ALCI Credits methodology, brand, business development, partner relationships and ecosystem engagement. MindWave will provide the underlying technology infrastructure and the ongoing technical services required to operate AQUAEChain.

For MindWave, the engagement represents an important expansion of its business. It extends the company’s technology business into environmental and sustainability-focused markets and shows its ability to design, build and operate specialized digital infrastructure for a client over the long term.

AQUAEChain will bring blockchain infrastructure, an ALCI Credits registry, monitoring, reporting and verification (MRV) data management, a marketplace and insurance-related features together in one platform. The MRV tools will collect and analyze project information, including satellite and ground-source data. The marketplace will support the listing, trading and settlement of ALCI Credits between AQUAE and its counterparties.

All issued and outstanding credits will be recorded on the MindChain issuance ledger, giving AQUAE and its partners a traceable record from issuance to retirement. MindWave will host the platform in a cloud environment designed for availability, operational continuity and future growth, with administrative, technical and physical safeguards protecting platform data and transaction records.
The companies’ shared aim is a secure, transparent, traceable and scalable digital market for nature-based assets, with the methodology and market relationships led by AQUAE and the technology built and run by MindWave.

“Being chosen by AQUAE to build the technology foundation for its ecosystem-finance business shows what MindWave can deliver beyond traditional software development,” said Dr. Vin Menon, Chief Executive Officer of MindWave Innovations. “Registry, environmental data, verification and trading will sit on a single platform, and the MindChain ledger means each ALCI Credit can be traced through its entire lifecycle.”

“AQUAEChain is central to our plan for ecosystem-finance infrastructure that the market can depend on,” said Linju Thomas, Chief Operating Officer of AQUAE Holdings.

“MindWave gives us a scalable platform for managing ALCI Credits, so our team can concentrate on the methodology, our partners and the conservation and regenerative-sustainability initiatives behind each credit.”

The agreement took effect on Sept. 14, 2026, with development and delivery tied to agreed project milestones. During the initial 12-month term, MindWave will provide platform hosting, infrastructure maintenance, technical escalation support and embedded engineering assistance, working with AQUAE’s technical team on configuration, deployment and operational readiness.

After the initial term, the parties expect to move to a five-year continuing technology services arrangement, subject to mutual agreement and the execution of definitive documentation.

About MindWave Innovations Inc.

MindWave Innovations Inc., a subsidiary of Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS), develops technology infrastructure and digital solutions for blockchain-enabled applications, data-driven platforms, and emerging commercial ecosystems.

Through projects such as AQUAEChain, MindWave is expanding the application of its technology into ecosystem finance, environmental data management, and sustainability-focused markets.

For more information, visit www.mindwavedao.com.

About MindChain

MindChain is a blockchain infrastructure developed within the MindWave ecosystem to support transparent, traceable, and verifiable digital transactions. It is designed to provide the underlying ledger capabilities required for applications involving digital assets, registries, tokenized ecosystems, and decentralized services.

Within AQUAEChain, the MindChain issuance ledger will be used to record and calculate ALCI Credits issued and outstanding, strengthening transparency and traceability across the credit-management process.

About AQUAE Holdings Pte. Ltd.

AQUAE Holdings Pte. Ltd. is a Singapore-based company focused on technology-driven solutions in ecosystem finance, conservation, and regenerative sustainability. The company is developing AQUAEChain to support its ALCI Credits and ecosystem-finance operations.

For more information, visit www.aquaeimpact.com.

About ALCI

The AQUAE Labs Ecosystems Conservation Index (ALCI) is a comprehensive field-based monitoring recording and verification (MRV) framework designed to evaluate the biomass, biodiversity, and ecological functionality of terrestrial ecosystem types following the approach defined by the IUCN and other replicable scientific approaches.

Forward-Looking Statements

This announcement contains forward-looking statements regarding the development, implementation, anticipated capabilities, and potential performance of the AQUAEChain Platform, the integration and operation of MindChain, and the potential issuance and allocation of ALCI Credits. These statements are based on current expectations and are subject to risks and uncertainties, including development timelines, achievement of project milestones, technical performance, regulatory requirements, issuance volumes, and market acceptance. Actual results may differ materially from those expressed or implied. The company undertakes no obligation to update these statements except as required by applicable law.

Media:

MindWave Innovations Inc.

contact@mindwaveinnovations.com

Corporate Communications:

IBN

Austin, Texas

IBN.Ai

512.354.7000 Office

Editor@IBN.Ai

European patent strengthens protection for proprietary autonomic nervous system assessment technologies, further expanding Company’s international patent portfolio

THE WOODLANDS, TX, Sept. 24, 2026 (GLOBE NEWSWIRE) — Autonomix Medical, Inc. (NASDAQ: AMIX) (“Autonomix” or the “Company”), a medical device company dedicated to advancing precision nerve-targeted treatments, today announced the grant of European Patent No. EP 4 233 700 B1, titled “Systems for Assessing Neural Activity in an Eye.” The newly issued patent further expands the Company’s international intellectual property portfolio and strengthens protection for technologies supporting autonomic nervous system assessment and precision neuromodulation across Europe.

The European patent covers technologies designed to assess autonomic nervous system activity through the monitoring and analysis of neural activity within the eye. The patent includes systems and methods for evaluating physiologic responses through ocular measurements that may support patient assessment, treatment guidance and procedural feedback across a variety of autonomic nervous system disorders and neuromodulation applications.

“This European patent represents another important step in expanding our global intellectual property footprint,” said Brad Hauser, Chief Executive Officer of Autonomix. “As we continue advancing our precision nerve-targeted technology platform, building a broad international patent portfolio remains a key strategic priority. This patent enhances protection for technologies supporting autonomic nervous system assessment and complements our growing portfolio covering precision nerve sensing, mapping and targeted neuromodulation.”

The granted patent complements Autonomix’s expanding portfolio of issued and pending patents protecting technologies spanning autonomic nervous system assessment, neural sensing, treatment guidance and transvascular neuromodulation. Together, the Company’s growing international patent estate supports its strategy of developing differentiated technologies designed to precisely identify, assess and target disease-associated nerves across multiple therapeutic applications.

Autonomix continues to advance its proprietary technology platform designed to detect and differentiate neural signals with significantly greater sensitivity than conventional technologies, supporting the development of precision nerve-targeted therapies intended to improve patient outcomes while minimizing unintended effects on surrounding tissue.

About Autonomix Medical, Inc. 

Autonomix is a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated. The Company’s first-in-class platform system technology includes a catheter-based microchip sensing array that may have the ability to detect and differentiate neural signals with greater sensitivity than currently available technologies. We believe this will enable, for the first time ever, transvascular diagnosis and treatment of diseases involving the peripheral nervous system virtually anywhere in the body. 

We are initially developing this technology for the treatment of pain, with initial trials focused on pancreatic cancer, a condition that causes debilitating pain and is without a reliable solution. Our technology constitutes a platform to address dozens of potential indications, including cardiology, hypertension and chronic pain management, across a wide disease spectrum. Our technology is investigational and has not yet been cleared for marketing in the United States. 
 
For more information, visit autonomix.com and connect with the Company on X, LinkedIn, Instagram and Facebook.

Forward Looking Statements 

Some of the statements in this release are “forward-looking statements,” which involve risks and uncertainties. Such forward-looking statements can be identified by the use of words such as “should,” “might,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” Forward-looking statements in this press release include, but are not limited to, expectations regarding the potential effectiveness and clinical benefits of Autonomix’s nerve-targeted treatments for pancreatic cancer pain and other conditions, the versatility and scalability of the Company’s platform technology, the potential for future clinical applications across multiple organ systems, the strength and scope of the Company’s intellectual property portfolio, and the potential for the Company’s patented technologies to support patient selection, procedural guidance and post-treatment monitoring across multiple neuromodulation applications. 
 
Although Autonomix believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on May 27, 2026, and from time to time, our other filings with the SEC. Forward-looking statements speak only as of the date of this press release and Autonomix does not undertake any duty to update any forward-looking statements except as may be required by law. 

Investor and Media Contact 

JTC Team, LLC
Jenene Thomas
908.824.0775
autonomix@jtcir.com

YPB by Abercrombie launches new line in collaboration with the fitness experts at Barry’s

YPB by Abercrombie x Barry’s

Abercrombie & Fitch’s Activewear Brand, YPB Launches Multi-Season Partnership with Barry’s
Abercrombie & Fitch’s Activewear Brand, YPB Launches Multi-Season Partnership with Barry’s

YPB by Abercrombie x Barry’s

Abercrombie & Fitch’s Activewear Brand, YPB Launches Multi-Season Partnership with Barry’s
Abercrombie & Fitch’s Activewear Brand, YPB Launches Multi-Season Partnership with Barry’s

YPB by Abercrombie x Barry’s

Abercrombie & Fitch’s Activewear Brand, YPB Launches Multi-Season Partnership with Barry’s
Abercrombie & Fitch’s Activewear Brand, YPB Launches Multi-Season Partnership with Barry’s

NEW ALBANY, Ohio, Sept. 24, 2026 (GLOBE NEWSWIRE) — Abercrombie & Fitch (Abercrombie), a division of Abercrombie & Fitch Co. (NYSE: ANF), announced a partnership between the brand’s activewear brand, YPB (Your Personal Best), and Barry’s, the original high-intensity interval workout studio. The multi-season collaboration brings together Abercrombie’s style authority and Barry’s authentic performance expertise through a collection designed to move seamlessly from workouts to life beyond the studio.

The partnership introduces YPB to Barry’s highly engaged community while also giving Abercrombie customers new ways to incorporate studio-ready activewear into their everyday wardrobes. The first collection, featuring performance fabrics, versatile silhouettes and functional layers, includes six styles for men and 12 styles for women. The collection will be available beginning Thursday, October 1, 2026, at Abercrombie.com and in select Abercrombie stores, followed by Barrys.com and 75 Barry’s locations globally on October 15, 2026.

With fit and design input from Barry’s instructors Jon Herrmann, Amy Harioka and Lacy Mitchell and inspired by Barry’s iconic Red Room, the capsule features bold red accents that reflect the energy of the space, balanced by black and neutral tones that make the pieces easy to wear before, during and after class. The collection reflects how both communities move through their day, balancing performance, versatility and style in pieces made to transition from a workout to what comes next.

The partnership will also come to life through a series of in-person activations designed to integrate YPB directly into the Barry’s community. YPB by Abercrombie will serve as the first official sponsor of Barry’s newly launched Mobile Studio, partnering on a pop-up experience in Austin, Texas, on October 2 and 3, 2026, coinciding with Austin City Limits. Guests will have an opportunity to preview the YPB by Abercrombie x Barry’s collection on-site. The experience will then continue in New York City, where YPB by Abercrombie x Barry’s will take over Barry’s NoHo studio from October 9 through 11, 2026. Guests can sign up for all upcoming classes at Barrys.com and on the Barry’s app.

“At Abercrombie, we’re focused on outfitting our customers for every part of their lives, including the moments when they’re moving, training and feeling their best,” said Corey Robinson, brand president of Abercrombie & Fitch. “Barry’s has built an incredibly engaged community around performance and connection, making this partnership a natural fit for YPB. Working directly with Barry’s instructors helped us create a collection rooted in real workout experience, with the style and versatility our customers expect from Abercrombie.”

“YPB by Abercrombie brings an innovative perspective to activewear, pairing elite performance with the effortless and timeless style Abercrombie is known for,” said J.J. Gantt, Barry’s CEO. “This meaningful collaboration brings together two iconic brands that started with Barry’s instructors playing a role in the design and creation of the pieces, ensuring the Barry’s community can experience high-performance pieces designed to support them both inside and outside the Red Room.” 

The YPB by Abercrombie x Barry’s collection comes in women’s styles in sizes XXS–XXL and men’s styles in sizes XS–XXL for tops and bottoms.

About Abercrombie & Fitch:
Abercrombie & Fitch is an effortless, elevated American lifestyle brand, blending heritage and modern style through quality apparel, accessories and fragrance crafted for all of life’s moments. Abercrombie & Fitch is the namesake brand of Abercrombie & Fitch Co. and is sold in more than 300 stores worldwide (including abercrombie kids) and on abercrombie.com globally.

About Barry’s:
Barry’s is the original high-energy cardio and strength interval training workout. Launched in 1998 in Los Angeles, it was the original pioneer in the global boutique fitness movement. Since then, it has grown from “The Best Workout in the World,” to become not just a fitness leader, but a community and lifestyle brand with innovative in-studio and digital class modalities, Fuel Bars, retail offerings, and a competitive loyalty program. With over 100 studios spanning 19 countries, plus its digital offering, Barry’s X, Barry’s now brings its global Fit Fam community with its signature Red Room workout experience both virtually and physically. Following the success of the original workout, Barry’s expanded its class offerings to include: LIFT (a 50-minute class focusing on strength training) and RIDE (a 50-minute class offering high-intensity interval training style indoor cycling paired with lifting.) Now a worldwide phenomenon with a cult-like following, Barry’s makes working hard and getting strong, fun. For more information, visit: https://www.barrys.com/.

Abercrombie Media Contact:
Public_Relations@anfcorp.com 

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/ec3e236b-d1a4-4e11-840d-2c96a200259f

https://www.globenewswire.com/NewsRoom/AttachmentNg/77ff58bc-72be-44a1-95c7-392604f36c77

https://www.globenewswire.com/NewsRoom/AttachmentNg/885bdf06-4284-4f24-b326-cbb3f650f2fc 

Singapore, Sept. 24, 2026 (GLOBE NEWSWIRE) — FBS Global Limited (Nasdaq: FBGL) (“FBS” or the “Company”) today announced that, at the extraordinary general meeting of shareholders held on September 13, 2026, its shareholders passed an ordinary resolution approving a one-for-ten reverse stock split (the “Share Consolidation”) of the Company’s issued and unissued ordinary shares of a par value of US$0.001 each (the “Ordinary Shares”), which had previously been recommended by the Company’s board of directors (the “Board”). The Share Consolidation is subject to and conditional upon, and will be effected immediately upon, the Company obtaining clearance or authorization from The Nasdaq Stock Market LLC (“Nasdaq”). Beginning September 28, 2026, the Company’s Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same symbol “FBGL” but with a new CUSIP number, G3337S117, and a new par value of US$0.01 per share.

As a result of the Share Consolidation, each ten Ordinary Shares issued and outstanding will automatically be consolidated into one Ordinary Share without any action on the part of shareholders who hold their shares in brokerage accounts or “street name.” Shareholders holding certificated shares are expected to receive instructions from the Company’s transfer agent, VStock Transfer, LLC, regarding procedures for exchanging share certificates. No fractional shares will be issued upon the Share Consolidation. Instead, the Board is authorized to settle any fractional entitlements, either by rounding them up to the nearest whole share or by arranging for the sale of the shares representing fractions and distributing the net proceeds to the shareholders entitled to them.

The Share Consolidation is intended to increase the per share trading price of the Ordinary Shares to satisfy the US$1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. Prior to the Share Consolidation, the authorized share capital of the Company is US$500,000 divided into 500,000,000 shares with a par value of US$0.001 each, of which 13,500,000 Ordinary Shares are issued and outstanding. Following the Share Consolidation, the authorized share capital of the Company will be US$500,000 divided into 50,000,000 shares with a par value of US$0.01 each, and the Company will have approximately 1,350,000 Ordinary Shares issued and outstanding. Each shareholder’s proportionate ownership interest will remain unchanged, other than for the treatment of fractional entitlements.

About FBS Global Limited

FBS Global Limited (Nasdaq: FBGL) is a construction and building systems specialist focused on high-specification, execution-driven projects across commercial, industrial and public sector markets. The Company delivers technically complex additions and alterations (A&A), retrofitting, insulation systems, lead-lined drywall partitions, false ceiling installations, and integrated interior build-outs.

With more than 30 years of operating experience, FBS targets projects requiring precision engineering, regulatory compliance expertise and coordinated multi-system execution. The Company is focused on expanding its secured project pipeline, increasing participation in public infrastructure works, and driving disciplined, execution-led growth.

For additional information, please visit the Company’s website at https://www.fbsglobal.com.sg/.

Forward-Looking Statements

Certain statements in this release, including statements regarding the receipt of Nasdaq clearance for, and the timing, implementation and expected effects of, the Share Consolidation and the Company’s continued listing on Nasdaq, constitute forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “forecast,” “project,” “intend,” “expect,” “plan,” “should,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company’s previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), copies of which may be obtained from the SEC’s website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release, other than as required by applicable law.

Contact:

FBS Global Limited
Tel: +65 6285778
Email: finebuild@singnet.com.sg

New proprietary framework analyzes 100% of customer interactions to identify the issues driving customer friction and business impact

AUSTIN, Texas, Sept. 24, 2026 (GLOBE NEWSWIRE) — TTEC, a leading global consulting, technology, and managed services company delivering solutions at the intersection of data, AI, and customer experience (CX), today unveiled TTEC CARES, a proprietary quality intelligence framework designed to help organizations move beyond traditional quality assurance scorecards and understand what customers actually experience across every interaction.

TTEC CARES, an acronym for Conversation, Analytics, Resolution, Effort and Sentiment, uses AI-powered conversation analytics to analyze 100% of customer interactions and measure three critical drivers of the customer experience: resolution, effort, and sentiment. Rather than relying on limited survey feedback or sampled quality evaluations, TTEC CARES helps organizations understand whether an issue was resolved, how much effort the customer expended, and how the customer felt throughout the experience.

The framework turns those signals into a unified CARES Score, giving contact center leaders a view of customer experience at the interaction level and at scale.

“Quality assurance has traditionally focused on whether agents follow a process. TTEC CARES shifts the focus to quality intelligence – whether customers achieved their desired outcome and how they experienced the journey,” said Suzi Simango, TTEC’s executive director of quality intelligence. “By measuring resolution, effort, and sentiment together, organizations gain a clearer understanding of what’s driving customer satisfaction, operational performance, and business results.”

From quality scores to customer experience intelligence

Unlike traditional survey programs that often capture feedback from only a small percentage of customers, TTEC CARES can provide visibility across every interaction, helping organizations uncover hidden customer friction, identify coaching opportunities, and surface operational issues in near real time. The framework uses AI-powered conversation analytics to transform customer conversations into actionable business intelligence.

The framework focuses on three core experience signals:

  • Resolution: Was the customer’s issue fully resolved?
  • Effort: How much customer effort to achieve that outcome?
  • Sentiment: How did the customer feel throughout the interaction?

Together, these signals provide a complete view of the customer experience and help organizations move from sampled measurement to scaled intelligence, from reactive coaching to proactive action, and from reporting scores to understanding the drivers behind them.

Early analysis shows how quality intelligence can uncover hidden costs

TTEC has applied the CARES methodology to more than 82,000 customer interactions to date, using resolution, effort, and sentiment data to identify the drivers of dissatisfaction and quantify their business impact. In one analysis for a major travel e-commerce organization, CARES analyzed over 20,000 customer interactions and identified more than 8,500 negative experiences. Targeted improvements identified through the analysis represented over $400,000 in potential annualized cost savings.

TTEC executives will share the vision behind TTEC CARES at the 2026 QATC Annual Conference during their session, “Beyond the Scorecard: Rethinking How Call Centers Measure What Actually Matters.” The presentation will explore why customer outcomes, rather than process adherence alone, are becoming the new standard for measuring contact center performance.

About TTEC
TTEC Holdings, Inc. (NASDAQ: TTEC) is a leading global consulting, technology, and managed services company delivering solutions at the intersection of data, AI, and customer experience. Serving iconic and disruptive brands, TTEC’s outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-generation digital technology, the Company’s TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI, and analytics solutions. The Company also delivers AI-enhanced customer engagement, customer acquisition and growth, tech support, back-office, and fraud prevention services. Founded in 1982, TTEC’s singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company’s employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more, visit https://ttec.com.

Media Contact
Meredith Matthews
Meredith.matthews@ttec.com

Alliance Entertainment’s collector retail brand returns to the convention floor October 8-11 at Booth #4415 with limited edition action figures, puzzles, an exclusive comic and collector vinyl, drawn from horror, anime, kaiju, Marvel and music fandom

PLANTATION, Fla., Sept. 24, 2026 (GLOBE NEWSWIRE) — popmarket, the collector-focused retail brand of Alliance Entertainment (NASDAQ: AENT), today announced the full slate of exclusives it will sell at New York Comic Con 2026, running October 8 through 11 at the Jacob K. Javits Convention Center. Sixteen limited items — spanning action figures, 3D lenticular puzzles, an exclusive comic book, collector vinyl and licensed music fan gear — will be available at popmarket, Booth #4415, with suggested retail prices from $8 to $150.

popmarket serves collectors across toys, collectibles, and video games at popmarket.com. At New York Comic Con, its booth will feature exclusives from the company’s collectibles distribution business alongside product drawn from across Alliance Entertainment’s divisions, including Alliance Home Entertainment, Alliance Authentic and Handmade by Robots.

The assortment was built with vendor partners specifically for the show, favoring limited production runs, new artwork and first-to-market releases.

“Our booth is a cross-section of what Alliance does — merchandise featuring Godzilla, Spider-Man, Doctor Doom, Mighty Morphin Power Rangers, and musicians like Ghost, Sleep Token and Ozzy, not to mention exclusive vinyl records for the original soundtrack of Dawn of the Dead and the brand-new Czarface Meets Frankie Pulitzer, all in one place,” said Mike Schimmel, Senior Vice President of Collectibles Sales at Alliance Entertainment. “That range is the whole point. It lets us show fans in four days what the popmarket catalog looks like year-round.”

Additionally, popmarket’s booth will be home to several activations throughout the show, including the complimentary giveaway while supplies last of exclusive art cards promoting Demon Records/BBC’s Doctor Who vinyl sets and their upcoming Lord of the Rings vinyl box set, which features the original full cast dramatization radio broadcast from 1981. And popmarket will be a featured stop at the show for fans on the Craniacs Trading Card Scavenger Hunt where limited quantities will be available.

The 2026 Exclusives

Action Figures and Collectibles
Hiya Toys is fielding the Godzilla 2000 Godzilla Final Battle version action figure in an edition of 3,000 at $75, and Playmates Toys is supplying the Mighty Morphin Power Rangers Classic Green Ranger 8-inch action figure, also limited to 3,000, at $20. Super7 brings the Glitter Green Color Shock Godzilla 2001 figure to the booth as a first-to-market release at $30, debuting at popmarket ahead of any other channel.

Puzzles and Comics
Prime 3D is producing three convention puzzles built around Marvel cover art, each at $15. The Secret Wars #10 Doctor Doom Cover 3D Lenticular Puzzle featuring the art of Mike Zeck and the Amazing Spider-Man #55 puzzle featuring Patrick Gleason’s cover are limited to 500 pieces apiece. The Doctor Doom Doom Quest #1 Puzzle runs to 2,000 and features the art of Pascal Garcin. Z2 Comics rounds out the print offering with Hello I’m Johnny Cash, a New York Comic Con exclusive comic book with cover art by Tim Bradstreet, limited to 500 copies at $10.

Collector Vinyl
The music program is anchored by Goblin’s soundtrack to Dawn of the Dead, issued through Discoteca Pick Up, an Italian import label, with brand-new cover artwork by the Italian artist known as Jj Farfante, created specifically for this release and never before seen. The pressing is limited to 750 copies at $40.

Virgin Records label, Silver Age, is supplying Czarface Meets Frankie Pulitzer at $28, a convention-exclusive yellow with red splatter variant colorway LP pressed in an edition of 500. The record pairs hip-hop supergroup Czarface, a group with long-standing ties to comic culture, with the mysterious Frankie Pulitzer, whose identity has been the subject of ongoing fan theory and press coverage.

Diggers Factory adds two color-variant pressings: One Piece: Into the Grand Line — Original Soundtrack from the Netflix series on red and blue marble vinyl, limited to 200 copies at $42, and Music from the Star Wars Saga on sand-colored vinyl, limited to 300 at $33.

Music Fan Gear
Rocksax is contributing four music-licensed items. Exclusive air fresheners for Ghost, Sleep Token and Ozzy Osbourne are each limited to 500 units at $8, and a 50-by-60-inch Ghost throw blanket featuring a collage of the band’s album covers is limited to 100 at $50.

Blu-Ray
From Tsuburaya Productions and Alliance Home Entertainment, the ULTRAMAN Legacy Collection, limited to just 100 units and priced at $150. Celebrating Ultraman’s 60th Anniversary, this collection includes all 39 episodes of the original series from 1966, the complete Ultraseven series from 1967, and all 51 episodes of Return of Ultraman from 1971. The set also features a 28-page episode guide with a brand-new introduction by Keith Aiken of SciFiJapan.com, an exclusive Handmade by Robots Gold Ultraman figure, a convention-exclusive commemorative poster, and premium limited-edition packaging created exclusively for NYCC.

For fans unable to attend New York Comic Con, a special retail edition of the ULTRAMAN Legacy Collection will be available exclusively through Amazon beginning October 13, while supplies last. This highly collectible release includes the complete Blu-ray content, the 28-page episode guide, and the exclusive Gold Ultraman figure featured in the NYCC edition, while the convention-exclusive artwork, commemorative poster, and select NYCC packaging elements remain exclusive to the limited 100-unit convention release.

Editions and Pricing at a Glance

Vendor Item Limited to SRP
Hiya Toys GODZILLA 2000 GODZILLA FINAL BATTLE VERSION ACTION FIGURE 3000 $ 75.00
Playmates Toys MIGHTY MORPHIN POWER RANGERS CLASSIC GREEN RANGER 8 INCH ACTION FIGURE 3000 $ 20.00
Super7 GLITTER GREEN COLOR SHOCK GODZILLA 2001 First to Market $ 30.00
Prime 3D SECRET WARS #10 DOCTOR DOOM COVER 3D LENTICULAR PUZZLE NYCC EXCLUSIVE 500 $ 15.00
Prime 3D AMAZING SPIDER-MAN #55 GLEASON COVER PUZZLE 500 $ 15.00
Prime 3D DOCTOR DOOM DOOM QUEST #1 PUZZLE 2000 $ 15.00
Z2 Comics HELLO I’M JOHNNY CASH NYCC EXCLUSIVE COMIC BOOK 500 $ 10.00
Discoteca Pick Up S.N.C. GOBLIN – DAWN OF THE DEAD – O.S.T. – COVER ART EXCLUSIVE 750 $ 40.00
Silver Age CZARFACE MEETS FRANKIE PULITZER – YELLOW WITH RED SPLATTER EXCLUSIVE VINYL 500 $ 28.00
Diggers Factory ONE PIECE: INTO THE GRAND LINE – OST – RED/BLUE MARBLE EXCLUSIVE VINYL 200 $ 42.00
Diggers Factory MUSIC FROM THE STAR WARS SAGA – SAND COLOR EXCLUSIVE VINYL 300 $ 33.00
Rocksax GHOST AIR FRESHENER 500 $ 8.00
Rocksax SLEEP TOKEN AIR FRESHENER 500 $ 8.00
Rocksax OZZY AIR FRESHENER 500 $ 8.00
Rocksax GHOST THROW BLANKET 50X60 100 $ 50.00
Alliance Home Entertainment ULTRAMAN LEGACY COLLECTION 100 $ 150.00


At the Show

All items will be sold at popmarket, Booth #4415, at the Jacob K. Javits Convention Center in New York from October 8 through 11, while supplies last. Quantities are limited and several items are expected to sell through during the convention. Any remaining stock will be offered through Alliance Entertainment’s usual wholesale and direct-to-consumer channels after the show.

About popmarket
popmarket is a collector-focused retail brand within Alliance Entertainment’s family of e-commerce properties, offering pop culture collectibles, figures, vinyl, board games, video games, turntables and home arcades at popmarket.com.

About Alliance Entertainment

Alliance Entertainment (NASDAQ: AENT) is a scaled entertainment commerce and collectibles platform serving content owners, brands, retailers and fans across music, movies, gaming, licensed merchandise and collectibles. The Company also owns and develops proprietary brands and platforms, including Handmade by Robots™ and Alliance Authentic™, while Endstate Authentic adds NFC-enabled authentication and digital product identity capabilities supporting provenance, brand protection and authenticated resale. Leveraging decades of industry relationships and distribution, fulfillment and inventory-management expertise, Alliance reaches more than 35,000 retail and e-commerce storefronts, connecting entertainment franchises and collectible products with consumers across channels and generations.

For more information, visit www.aent.com.

Media Contact
Evan McWhirter
VP Content & Marketing, Alliance Entertainment
Evan.McWhirter@aent.com

Active validation strengthens SEALSQ’s position in government, defense, critical infrastructure, industrial IoT and other highly regulated markets requiring independently validated hardware security

Geneva, Switzerland, Sept. 24, 2026 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced the commercial expansion of its VaultIC408 secure element platform following the FIPS 140-3 Level 3 validation under the Cryptographic Module Validation Program (“CMVP”) of the U.S. National Institute of Standards and Technology (“NIST”). The certification is officially published as NIST Certificate No. 5463 and identifies VaultIC408 version 1.2.4 as an active, single-chip hardware cryptographic module. NIST issued the initial validation on August 5, 2026, and the certificate is active through August 4, 2031.

The active Level 3 validation provides customers, OEMs and system integrators with an independently validated hardware-security building block for qualification, design-in and deployment programs requiring validated cryptographic protection. SEALSQ is positioning VaultIC408 to support security-sensitive applications in government, defense, critical infrastructure, industrial IoT, secure manufacturing and connected-device identity.

FIPS 140-3 is a globally recognized security standard used to assess the design and implementation of cryptographic modules protecting sensitive information. Achieving Level 3 validation demonstrates that VaultIC408 has undergone extensive independent testing against demanding requirements covering areas such as cryptographic algorithms, authentication, secure key management, physical security, self-testing and resistance to tampering.

This milestone provides customers, integrators and government agencies with independent assurance that VaultIC408 meets stringent requirements for protecting cryptographic keys and other sensitive security parameters when installed, initialized, configured and operated in accordance with its approved security policy.

A Hardware Root of Trust for Critical Applications

VaultIC408 is a tamper-resistant secure element designed to provide a trusted hardware foundation for connected devices, machines and digital infrastructure. By securely generating, storing and processing cryptographic keys within a protected semiconductor environment, the device helps prevent cloning, counterfeiting, unauthorized access, credential theft and manipulation of connected systems.

VaultIC408 is designed to support a broad range of security-sensitive applications, including:

  • Government and defense systems
  • Critical infrastructure and industrial equipment
  • IoT device identity and authentication
  • Secure manufacturing and supply-chain traceability
  • Physical and logical access control
  • Public key infrastructure and digital certificates
  • Hardware authentication and trusted computing
  • Intellectual-property and digital-rights protection
  • Secure communications and data protection
  • Authentication of medical, automotive and consumer devices

The validated module supports an extensive portfolio of NIST-approved cryptographic capabilities, including AES, RSA, ECDSA, SHA-2, HMAC, elliptic-curve key agreement, key-derivation functions and deterministic random-bit generation.

Carlos Moreira, CEO of SEALSQ, said: “The active FIPS 140-3 Level 3 validation of VaultIC408 gives our customers an independently validated hardware-security foundation for systems where the protection of device identities, cryptographic keys and sensitive operations cannot depend on software alone. This validation strengthens our capacity to serve customers operating in markets where certified cryptographic protection is an essential technical and procurement requirement.”

Mr. Moreira continued: “Governments, defense organizations, critical-infrastructure operators and global technology companies increasingly need security that begins inside the hardware. VaultIC408 provides this trusted foundation by protecting device identities, cryptographic keys and sensitive operations within a highly secure semiconductor. This certification confirms SEALSQ’s ability to deliver security technology designed for some of the world’s most demanding environments.”

Expanding SEALSQ’s Addressable Markets

FIPS 140-3 validation is frequently required or strongly preferred for cryptographic products deployed by government agencies, regulated industries and organizations responsible for sensitive or mission-critical information.

The Level 3 validation is therefore expected to support SEALSQ’s commercial expansion across the United States and international markets, particularly in sectors where customers demand independently verified hardware security and long-term product assurance.

The certification can also help device manufacturers and system integrators accelerate security qualification by incorporating a validated cryptographic module into their products. This enables customers to establish hardware-based trust at the point of manufacture and maintain that trust throughout the device lifecycle.

Building the Foundation for the Post-Quantum Transition

The VaultIC408 certification is an important component of SEALSQ’s broader “Root to Trust” strategy, which combines secure semiconductors, PKI, provisioning services and lifecycle identity management.

While the FIPS 140-3 validation announced today applies specifically to the conventional cryptographic functions and approved configuration of VaultIC408 version 1.2.4, the milestone also reinforces the engineering, certification and industrial capabilities supporting SEALSQ’s expanding post-quantum semiconductor portfolio.

SEALSQ is applying the semiconductor-security, testing and certification capabilities developed through its secure-element portfolio to the development of its next-generation to protect connected systems against emerging quantum-computing threats. The Company’s strategy is to allow organizations to deploy robust, certified hardware security today while establishing a practical migration path toward post-quantum cryptography.

At SEALSQ, we are moving through an important phase of our post-quantum semiconductor roadmap: the certification of our QS7001 Post-Quantum Secure Element.

The objective is clear: deliver a secure element designed for the post-quantum era, backed by internationally recognized security evaluations and certifications.

SEALSQ’s current QS7001 roadmap includes the following completed and targeted milestones:

  • March 2026 — QS7001 successfully completed critical fault-injection and side-channel resistance testing.
  • May 2026 — Achieved NIST SP 800-90B Entropy Source Validation, Certificate #E333, an important milestone supporting our broader Common Criteria and FIPS roadmap.
  • October 2026 — Targeting the QS7001 V1 Hardware Evaluation Test Report from the Common Criteria lab.
  • January 2027 — Targeting the QS7001 V2 full Post-Quantum Hardware Evaluation Test Report from the Common Criteria lab.
  • 2027 — Progression toward completion of the formal Common Criteria EAL5+ certification process, subject to certification-authority review and timelines.

In parallel, SEALSQ is advancing the certification roadmap for its QVault TPM family, including TCG and FIPS 140-3 milestones extending through 2027. This is more than a product certification program.

As quantum computing advances, the world’s connected infrastructure will require a new generation of hardware Root of Trust capable of protecting identities, devices, machines, AI agents and critical infrastructure against emerging quantum threats. QS7001 is being built for that transition.

From Root of Trust to Post-Quantum Security, SEALSQ is working to make quantum-resistant security deployable at semiconductor level, before the quantum threat becomes a reality.

Mr. Moreira concluded: “The transition to post-quantum security will not happen through software alone. It requires a secure hardware root of trust, trusted provisioning and cryptographic agility across the entire lifecycle of each connected device. With VaultIC408 and our next generation of post-quantum secure semiconductors, SEALSQ is building the bridge between the cybersecurity requirements of today and the quantum-resistant infrastructure of tomorrow.”

About the NIST Validation

The VaultIC408 version 1.2.4 is listed as a hardware, single-chip cryptographic module under NIST Certificate No. 5463, with an overall security rating of FIPS 140-3 Level 3. Testing was performed by Penumbra Security, Inc.

The validation applies specifically to the module, version, configuration and approved mode of operation identified in the certificate and related security policy. It should not be interpreted as validation of other SEALSQ products or of post-quantum algorithms not identified in Certificate No. 5463. Additional information is available on the official NIST certificate page:
https://csrc.nist.gov/projects/cryptographic-module-validation-program/certificate/5463

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp.
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@sealsq.com
SEALSQ Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611
lena.cati@theequitygroup.com

GARDENA, Calif., Sept. 24, 2026 (GLOBE NEWSWIRE) — Polar Power, Inc. (NASDAQ: POLA) today announced that Arthur D. Sams, the Company’s Founder, President and Chief Executive Officer, has agreed to convert $614,700 of debt owed to him by the Company into 683 Series A Convertible Preferred shares of Polar Power.

The conversion eliminates $614,700 of debt from the Company’s balance sheet, increases shareholders’ equity, and represents an important step toward addressing the Company’s shareholders’ equity compliance issue.

“Converting this debt into equity reflects my confidence in Polar Power’s future and my commitment to the Company’s long-term success,” said Arthur Sams, Founder, President and Chief Executive Officer. “I believe the opportunities ahead of us across telecommunications, data center power, defense and distributed energy markets position Polar Power for meaningful growth.”

In addition to the preferred shares, Polar is also issuing to Mr. Sams a warrant to purchase 382,276 shares of the Company’s common stock at $1.34 per share.

The Company believes the debt-to-equity conversion strengthens its capital structure and supports its efforts to regain and maintain compliance with applicable Nasdaq continued listing requirements. This debt-to-equity conversion was approved by Polar’s Audit Committee, consisting entirely of independent board members.

About Polar Power, Inc.

Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells direct-current power generators, renewable energy systems and other power solutions for applications including telecommunications, drone defense, robotics, EV charging, micro-grids military and commercial markets. The Company is headquartered in Gardena, California.

For more information, please visit www.polarpower.com. or follow Polar Power on www.linkedin.com/company/polar-power-inc/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws. These statements include, among others, statements regarding the Company’s expectation for future growth opportunities and its efforts to regain and maintain compliance with Nasdaq’s continued listing requirements. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include those described in Polar Power’s filings with the U.S. Securities and Exchange Commission. Polar Power undertakes no obligation to update any forward-looking statement except as required by law.

Media and Investor Relations
Polar Power, Inc.
249 E. Gardena Blvd.
Gardena, CA 90248
Tel: 310-830-9153
Email: ir@polarpowerinc.com
www.polarpower.com

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