Author: sHq_LoGiNz

ADDISON, Ill., Feb. 13, 2026 /PRNewswire/ — Pampered Chef, the beloved kitchen brand empowering home cooks and entrepreneurs for more than 45 years, is launching Women Who Stir Up Change, a campaign celebrating women who use food to inspire confidence, build community, and lead with purpose. As part of the campaign, the company has partnered with Kat Ashmore, a chef, two-time New York Times bestselling author, social media personality, and mother whose approachable cooking style and community-first voice resonate with home cooks everywhere. Together, Pampered Chef and Kat are bringing this campaign to life with a co created recipe, Loaded Sweet Potato Nachos, and Kat’s favorite Pampered Chef tools designed to make cooking faster and easier.

Since 1980, Pampered Chef has been about so much more than quality kitchen tools and recipes; it’s also about opportunity. From the heart of her suburban Chicago kitchen, founder Doris Christopher turned a simple idea into a business that gave her the freedom to earn income while keeping family first. In doing so, she helped pave the way to empower women in the kitchen and in business. Today, that spirit lives on through Pampered Chef’s community of independent consultants who share cooking experiences, recipes, and tips that simplify mealtime and bring people together in homes worldwide.

In celebration of International Women’s Day, Women Who Stir Up Change shines a spotlight on women who are transforming their kitchens into spaces of creativity, leadership, and empowerment, making meaningful contributions in their homes and communities every day.

“At Pampered Chef, we’re inspired by women who are making a difference in their homes and in their communities, transforming their passion into opportunity,” said Nevena Srebreva, CEO of Pampered Chef. “Our Women Who Stir Up Change campaign celebrates their impact, not just on International Women’s Day but every single day.”

Chef, author, and creator Kat Ashmore embodies the campaign’s mission and the spirit of Pampered Chef’s founder. In 2019, Kat traded her bustling career for the role of stay-at-home mom, transforming her kitchen into a sanctuary and sharing her daily culinary adventures with her growing community. Known for making nourishing, joyful meals feel effortless, she inspires millions to embrace cooking as an act of self-love and connection. Her second New York Time’s bestselling cookbook, Big Bites: Time to Eat!, is now out, bringing 110 simple, bold, and nourishing recipes to home cooks everywhere.

“Cooking is an act of self-love and connection,” said Kat Ashmore. “I’m honored to partner with Pampered Chef on Women Who Stir Up Change. This campaign is about celebrating women in the kitchen and beyond, and showing that simple, bold recipes can bring people together in meaningful ways.”

These Loaded Sweet Potato Nachos deliver big flavor and even bigger versatility. Perfect for busy weeknights or shared gatherings, this recipe can be customized with beans, cheese, sour cream, cilantro, ground meat, jalapenos, and more, making it a go–to favorite for every type of cook.

To bring the recipe to life, Kat highlights some of her go-to Pampered Chef tools she uses:

• Rapid-Prep Mandoline—Cuts potatoes into even slices in seconds.
• Electric Twist & Chop—One-touch chopping for effortless nacho toppings.
• Mix ‘N Chop —A uniquely simple way to break up meat and brown it evenly.
• Deluxe Air Fryer & Oven—The dual oven makes it quick and easy to make a family-sized batch of crispy potato nachos with a melty cheese topping.

These tools reflect Pampered Chef’s commitment to high-quality, innovative solutions that inspire confidence in cooks of all levels.

To find the full recipe and more information on Kat’s favorite Pampered Chef products, visit Shop Kitchen and www.pamperedchef.com.

About Pampered Chef
Pampered Chef, a Berkshire Hathaway company, is a leading provider of personalized, inspirational mealtime solutions delivered by a community of tens of thousands of independent consultants. For 45 years, Pampered Chef has helped create countless mealtime moments with friends and family through high-quality, everyday cooking tools and inspiration, while providing each cooking consultant a flexible opportunity to build a business around their own lifestyle, goals, and passions. For more information visit PamperedChef.com and follow @PamperedChef on Instagram, Facebook, TikTok, Pinterest, and YouTube.

About Kat Ashmore
Kat Ashmore is a professionally trained chef, cookbook author, and creator of recipes that are nourishing, bold, and fun. She is the author of the New York Times bestselling cookbooks Big Bites and her newest release, Big Bites: Time to Eat!, which features 110 simple, approachable, and mostly gluten-free recipes for home cooks of all levels. With millions of followers across social media platforms, Kat inspires home cooks to make everyday meals extraordinary while keeping the kitchen accessible, joyful, and empowering.

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SOURCE Pampered Chef

Fiscal Year to Date Revenues of $22.3 million and a 36% Gross Margin

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.

TORONTO, Feb. 13, 2026 /PRNewswire/ – PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) (“PowerBank” or the “Company”) reports its fiscal second quarter 2026 financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards (“IFRS”) as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to “FY2025” mean the year ended June 30, 2025 and references to “FY2026” mean the year ended June 30, 2026.

Fiscal Year-to-Date Financial Highlights (All amounts are for the six-month period ended December 31, 2025) 

• Gross profit was $8.1 million, or 36% of revenues, compared to $5.7 million, or 30% of revenues in the same period for FY2025. 
• Adjusted EBITDA⁽¹⁾ of $2.5 million compared to $2.3 million for the same period during FY2025. 
• Revenues were $22.3 million compared to $19.2 million in the same period during FY2025. 
• Net loss of $6.7 million, or $(0.18) per basic share during the period in FY2026, compared to a net loss of $28.2 million, or $(0.91) per basic share during the same period in FY2025.
• Cash flow from operating activities was an inflow of $5.0 million compared to an outflow of $1.1 million in the same period in FY2025.
• Development fees increased from $2.2 million to $3.4 million during the same period in FY2025.
• EPC services increased to $13.8 million from $12.3 million during the same period in FY2025. 
• IPP production increased from $4.6 million to $5.1 million during the same period in FY2025. 

Corporate Second Quarter Highlights and Milestones: 

• Announced collaboration with Smartlink AI (“Orbit AI”) on November 19, 2025, to launch the “Orbital Cloud” initiative—a revolutionary space-based infrastructure where AI compute, connectivity, and blockchain verification converge in Low Earth Orbit powered by solar energy. Subsequently a $500,000 USD investment by the Company into Orbit AI has been announced.
• Announced beta testing partnership with Intellistake Technologies Corp. on November 28, 2025, for the deployment of IntelliScope AI Agent Enterprise Hub, providing analytical intelligence for renewable energy development including site location optimization and grant eligibility evaluation.
• Received $1.47 million USD Commercial Operation Payment from NYSERDA for the 3.79 MW Geddes Solar Project on November 4, 2025, with an additional $245,000 USD expected through the Inclusive Community Solar Adder.
• Announced $41 million USD transaction with Solar Advocate Development LLC (“Solar Advocate”) on December 22, 2025, for the sale and construction of three community solar projects (Elmira, Jordan Road 1, and Jordan Road 2) totaling 16.87 MW; received first payment of $4 million USD on December 24, 2025, marking the 11th project in a seven-year strategic partnership dating back to 2018.
• Secured safe harbor status for 15 distributed solar and energy storage projects across New York State valued at $168 million USD in construction value with $65 million USD in potential Investment Tax Credit eligibility; projects expected to bring approximately 67 MW DC of solar and 11 MWh of energy storage.
• Announced 6.9 MW DC NY-Crawford Rd ground-mount solar project in New York’s Capital District on October 7, 2025, with lease agreement executed and interconnection application initiated.
• Announced 1.76 MW NY-North Main St. solar project in Upstate New York on October 16, 2025.
• Advanced development of 2.6 MW Elmira project securing municipal approvals including site plan approval, special use permit, and negative declaration under State Environmental Quality Review Act on October 28, 2025.
• Executed lease agreement for 5 MW AC NY-Cloverdale Rd hybrid solar plus battery energy storage project in Upstate New York on December 9, 2025, eligible for NYSERDA NY-Sun Program and Retail Storage Incentive Program.
• Secured 20 MW of solar and BESS power purchase agreements with New York State Division of Military and Naval Affairs (DMNA) on October 14, 2025, serving 50 installations and 20,000 military personnel across New York.
• Advanced construction of 4.99 MW SFF-06 Battery Energy Storage System (BESS) project in Ontario toward substantial completion, with the project expected to reach commercial operation in February 2026; project secured under IESO’s Long-Term RFP framework providing decade-long contracted revenue stream.

Dr. Richard Lu, President and CEO of PowerBank commented:

“PowerBank’s second quarter demonstrates the Company’s continued execution across multiple strategic fronts. Fiscal year to date revenue and gross profit are up as we continue to improve financial performance. Beyond our financial performance, this quarter marked several transformational milestones for PowerBank, most notably our announced collaboration with Orbit AI, which has now successfully launched and operating. The satellite validates our vision that solar-powered infrastructure can extend beyond Earth’s surface to power the next generation of computing. On the ground, our New York operations continue to demonstrate strong execution—the $41 million USD transaction with Solar Advocate Development, our 11th project with this strategic partner since 2018, reinforces the strength of PowerBank’s development model, while securing safe harbor status for 15 projects representing $168 million USD in construction value further solidifies our near-term revenue pipeline. As we look ahead, PowerBank’s strategy remains clear: grow our Independent Power Producer asset base for long-term recurring revenues while selectively monetizing development projects to fuel that growth. With over 1 GW in our development pipeline and strategic partnerships spanning from terrestrial infrastructure to orbital systems, PowerBank is well-positioned to capitalize on the accelerating demand for clean, reliable energy solutions.”

Summary of Year-to-Date Results (All amounts are for the six-months period) 

The Company ended the second quarter of FY2026 with $35.7 million in current assets (including $20.8 million in cash, restricted cash and short-term investment), as compared to $41.3 million in current assets as of year-end June 30, 2025. The decrease is principally the result of a significant reduction in trade and other receivables and prepaid expenses and deposits, partially offset by higher cash and inventory.

Current liabilities decreased from $43.1 million as of the year ended June 30, 2025, to $31.3 million in the current quarter, mainly due to decreases in trade and other payables and the current portion of long-term debt.

For complete details please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the six months ended December 31, 2025, available on SEDAR+ (https://www.sedarplus.ca). 

The Company notes that the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements for the Company and its customers and the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power, which could cause demand for the Company’s services to decline. Further the forecasted MW capacity of a solar project may not be reached. Each EPC agreement with Solar Advocate includes a corresponding guarantee agreement entered into between Solar Advocate and the Company that provides that Solar Advocate shall have, if it is not satisfied with its due diligence, the absolute and unconditional right to sell, transfer, convey or assign the project back to the Company (“Sell-Back Right”) without incurring any further liabilities by providing written notice to Company at any time within 60 days of December 19, 2025. If any EPC agreement with Solar Advocate is terminated, the Company will not achieve the transaction value and will required to return any funds that have been received associated with the terminated project. [At this time PowerBank elected not to make an investment in Orbit AI and the terms of any remuneration for services PowerBank may provide Orbit AI have not yet been determined.] Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the statements in this press release.

Conference Call February 13, 2026, at 4:30 PM ET

The Company will review financial results and provide a business update.  Interested parties can register for the webinar by clicking here.  

After registering, you will receive a confirmation email containing information about joining the webinar. 

Non-IFRS Financial Measures 

The Company has disclosed certain non-IFRS financial measures and ratios in this press, as discussed below. These non-IFRS financial measures and non-IFRS ratios are widely reported in the renewable energy industry as benchmarks for performance and are used by management to monitor and evaluate the Company’s operating performance and ability to generate cash. The Company believes that, in addition to financial measures and ratios prepared in accordance with IFRS, certain investors use these non-IFRS financial measures and ratios to evaluate the Company’s performance. However, the measures do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other companies. Accordingly, non-IFRS financial measures and non-IFRS ratios should not be considered in isolation or as a substitute for measures and ratios of the Company’s performance prepared in accordance with IFRS.  

Non-IFRS financial measures are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure (“NI 52-112“) as a financial measure disclosed that (a) depicts the historical or expected future financial performance, financial position or cash flow of an entity, (b) with respect to its composition, excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the entity, (c) is not disclosed in the financial statements of the entity, and (d) is not a ration, fraction, percentage or similar representation.  

A non-IFRS ratio is defined by NI 52-112 as a financial measure disclosed that (a) is in the form of a ratio, fraction, percentage, or similar representation, (b) has a non-IFRS financial measure as one or more of its components, and (c) is not disclosed in the financial statements. 

Adjusted EBITDA

Adjusted EBITDA is a non-IFRS financial measure, which excludes the following from net earnings:

• Income tax expense;  
• Finance costs;  
• Amortization and depreciation. 
• Fair value gain/loss; 
• Stock based compensation;  
• Impairment charges or reversals;  
• Loss on investments;  
• Foreign exchange gains or losses.

Management believes Adjusted EBITDA is a valuable indicator of the Company’s ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses Adjusted EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby Adjusted EBITDA is multiplied by a factor or “EBITDA multiple” based on an observed or inferred relationship between Adjusted EBITDA and market values to determine the approximate total enterprise value of a Company. Management also believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company’s performance and is an indicator of the performance of the Company’s renewable energy project development and operations. 

Adjusted EBITDA is intended to provide additional information to investors and analysts. It does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of operating performance prepared in accordance with IFRS. Adjusted EBITDA excludes the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances, and therefore is not necessarily indicative of operating profit or cash flow from operations as determined by IFRS. Other companies may calculate Adjusted EBITDA differently. 

Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the projects and statements made in this press release.

About PowerBank Corporation

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.powerbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, “forward-looking ‎statements”) that relate to the Company’s current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will ‎continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ‎‎”projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this news release ‎contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the Company’s growth strategies; the collaboration with Orbit AI; the expected energy production from the solar power projects mentioned in this press release; the expected value of the EPC agreements; the Company’s expectations regarding project development; the Company’s business plan and forecasts; and the size of the Company’s development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this news release should not be unduly relied upon. These ‎statements speak only as of the date of this news release.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: that the Owner will not exercise the Sell-Back Right; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Forward-‎Looking Statements” and “Risk ‎Factors” in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the Owner may exercise the Sell-Back Right and require the Company to reacquire any of the Projects and return the related funds received; the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar Project exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this news release are expressly qualified in their entirety by ‎this cautionary statement.‎

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SOURCE PowerBank Corporation

Fiscal Year to Date Revenues of $22.3 million and a 36% Gross Margin

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.

TORONTO, Feb. 13, 2026 /PRNewswire/ – PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) (“PowerBank” or the “Company”) reports its fiscal second quarter 2026 financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards (“IFRS”) as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to “FY2025” mean the year ended June 30, 2025 and references to “FY2026” mean the year ended June 30, 2026.

Fiscal Year-to-Date Financial Highlights (All amounts are for the six-month period ended December 31, 2025) 

• Gross profit was $8.1 million, or 36% of revenues, compared to $5.7 million, or 30% of revenues in the same period for FY2025. 
• Adjusted EBITDA⁽¹⁾ of $2.5 million compared to $2.3 million for the same period during FY2025. 
• Revenues were $22.3 million compared to $19.2 million in the same period during FY2025. 
• Net loss of $6.7 million, or $(0.18) per basic share during the period in FY2026, compared to a net loss of $28.2 million, or $(0.91) per basic share during the same period in FY2025.
• Cash flow from operating activities was an inflow of $5.0 million compared to an outflow of $1.1 million in the same period in FY2025.
• Development fees increased from $2.2 million to $3.4 million during the same period in FY2025.
• EPC services increased to $13.8 million from $12.3 million during the same period in FY2025. 
• IPP production increased from $4.6 million to $5.1 million during the same period in FY2025. 

Corporate Second Quarter Highlights and Milestones: 

• Announced collaboration with Smartlink AI (“Orbit AI”) on November 19, 2025, to launch the “Orbital Cloud” initiative—a revolutionary space-based infrastructure where AI compute, connectivity, and blockchain verification converge in Low Earth Orbit powered by solar energy. Subsequently a $500,000 USD investment by the Company into Orbit AI has been announced.
• Announced beta testing partnership with Intellistake Technologies Corp. on November 28, 2025, for the deployment of IntelliScope AI Agent Enterprise Hub, providing analytical intelligence for renewable energy development including site location optimization and grant eligibility evaluation.
• Received $1.47 million USD Commercial Operation Payment from NYSERDA for the 3.79 MW Geddes Solar Project on November 4, 2025, with an additional $245,000 USD expected through the Inclusive Community Solar Adder.
• Announced $41 million USD transaction with Solar Advocate Development LLC (“Solar Advocate”) on December 22, 2025, for the sale and construction of three community solar projects (Elmira, Jordan Road 1, and Jordan Road 2) totaling 16.87 MW; received first payment of $4 million USD on December 24, 2025, marking the 11th project in a seven-year strategic partnership dating back to 2018.
• Secured safe harbor status for 15 distributed solar and energy storage projects across New York State valued at $168 million USD in construction value with $65 million USD in potential Investment Tax Credit eligibility; projects expected to bring approximately 67 MW DC of solar and 11 MWh of energy storage.
• Announced 6.9 MW DC NY-Crawford Rd ground-mount solar project in New York’s Capital District on October 7, 2025, with lease agreement executed and interconnection application initiated.
• Announced 1.76 MW NY-North Main St. solar project in Upstate New York on October 16, 2025.
• Advanced development of 2.6 MW Elmira project securing municipal approvals including site plan approval, special use permit, and negative declaration under State Environmental Quality Review Act on October 28, 2025.
• Executed lease agreement for 5 MW AC NY-Cloverdale Rd hybrid solar plus battery energy storage project in Upstate New York on December 9, 2025, eligible for NYSERDA NY-Sun Program and Retail Storage Incentive Program.
• Secured 20 MW of solar and BESS power purchase agreements with New York State Division of Military and Naval Affairs (DMNA) on October 14, 2025, serving 50 installations and 20,000 military personnel across New York.
• Advanced construction of 4.99 MW SFF-06 Battery Energy Storage System (BESS) project in Ontario toward substantial completion, with the project expected to reach commercial operation in February 2026; project secured under IESO’s Long-Term RFP framework providing decade-long contracted revenue stream.

Dr. Richard Lu, President and CEO of PowerBank commented:

“PowerBank’s second quarter demonstrates the Company’s continued execution across multiple strategic fronts. Fiscal year to date revenue and gross profit are up as we continue to improve financial performance. Beyond our financial performance, this quarter marked several transformational milestones for PowerBank, most notably our announced collaboration with Orbit AI, which has now successfully launched and operating. The satellite validates our vision that solar-powered infrastructure can extend beyond Earth’s surface to power the next generation of computing. On the ground, our New York operations continue to demonstrate strong execution—the $41 million USD transaction with Solar Advocate Development, our 11th project with this strategic partner since 2018, reinforces the strength of PowerBank’s development model, while securing safe harbor status for 15 projects representing $168 million USD in construction value further solidifies our near-term revenue pipeline. As we look ahead, PowerBank’s strategy remains clear: grow our Independent Power Producer asset base for long-term recurring revenues while selectively monetizing development projects to fuel that growth. With over 1 GW in our development pipeline and strategic partnerships spanning from terrestrial infrastructure to orbital systems, PowerBank is well-positioned to capitalize on the accelerating demand for clean, reliable energy solutions.”

Summary of Year-to-Date Results (All amounts are for the six-months period) 

The Company ended the second quarter of FY2026 with $35.7 million in current assets (including $20.8 million in cash, restricted cash and short-term investment), as compared to $41.3 million in current assets as of year-end June 30, 2025. The decrease is principally the result of a significant reduction in trade and other receivables and prepaid expenses and deposits, partially offset by higher cash and inventory.

Current liabilities decreased from $43.1 million as of the year ended June 30, 2025, to $31.3 million in the current quarter, mainly due to decreases in trade and other payables and the current portion of long-term debt.

For complete details please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the six months ended December 31, 2025, available on SEDAR+ (https://www.sedarplus.ca). 

The Company notes that the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements for the Company and its customers and the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power, which could cause demand for the Company’s services to decline. Further the forecasted MW capacity of a solar project may not be reached. Each EPC agreement with Solar Advocate includes a corresponding guarantee agreement entered into between Solar Advocate and the Company that provides that Solar Advocate shall have, if it is not satisfied with its due diligence, the absolute and unconditional right to sell, transfer, convey or assign the project back to the Company (“Sell-Back Right”) without incurring any further liabilities by providing written notice to Company at any time within 60 days of December 19, 2025. If any EPC agreement with Solar Advocate is terminated, the Company will not achieve the transaction value and will required to return any funds that have been received associated with the terminated project. [At this time PowerBank elected not to make an investment in Orbit AI and the terms of any remuneration for services PowerBank may provide Orbit AI have not yet been determined.] Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the statements in this press release.

Conference Call February 13, 2026, at 4:30 PM ET

The Company will review financial results and provide a business update.  Interested parties can register for the webinar by clicking here.  

After registering, you will receive a confirmation email containing information about joining the webinar. 

Non-IFRS Financial Measures 

The Company has disclosed certain non-IFRS financial measures and ratios in this press, as discussed below. These non-IFRS financial measures and non-IFRS ratios are widely reported in the renewable energy industry as benchmarks for performance and are used by management to monitor and evaluate the Company’s operating performance and ability to generate cash. The Company believes that, in addition to financial measures and ratios prepared in accordance with IFRS, certain investors use these non-IFRS financial measures and ratios to evaluate the Company’s performance. However, the measures do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other companies. Accordingly, non-IFRS financial measures and non-IFRS ratios should not be considered in isolation or as a substitute for measures and ratios of the Company’s performance prepared in accordance with IFRS.  

Non-IFRS financial measures are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure (“NI 52-112“) as a financial measure disclosed that (a) depicts the historical or expected future financial performance, financial position or cash flow of an entity, (b) with respect to its composition, excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the entity, (c) is not disclosed in the financial statements of the entity, and (d) is not a ration, fraction, percentage or similar representation.  

A non-IFRS ratio is defined by NI 52-112 as a financial measure disclosed that (a) is in the form of a ratio, fraction, percentage, or similar representation, (b) has a non-IFRS financial measure as one or more of its components, and (c) is not disclosed in the financial statements. 

Adjusted EBITDA

Adjusted EBITDA is a non-IFRS financial measure, which excludes the following from net earnings:

• Income tax expense;  
• Finance costs;  
• Amortization and depreciation. 
• Fair value gain/loss; 
• Stock based compensation;  
• Impairment charges or reversals;  
• Loss on investments;  
• Foreign exchange gains or losses.

Management believes Adjusted EBITDA is a valuable indicator of the Company’s ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses Adjusted EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby Adjusted EBITDA is multiplied by a factor or “EBITDA multiple” based on an observed or inferred relationship between Adjusted EBITDA and market values to determine the approximate total enterprise value of a Company. Management also believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company’s performance and is an indicator of the performance of the Company’s renewable energy project development and operations. 

Adjusted EBITDA is intended to provide additional information to investors and analysts. It does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of operating performance prepared in accordance with IFRS. Adjusted EBITDA excludes the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances, and therefore is not necessarily indicative of operating profit or cash flow from operations as determined by IFRS. Other companies may calculate Adjusted EBITDA differently. 

Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the projects and statements made in this press release.

About PowerBank Corporation

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.powerbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, “forward-looking ‎statements”) that relate to the Company’s current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will ‎continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ‎‎”projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this news release ‎contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the Company’s growth strategies; the collaboration with Orbit AI; the expected energy production from the solar power projects mentioned in this press release; the expected value of the EPC agreements; the Company’s expectations regarding project development; the Company’s business plan and forecasts; and the size of the Company’s development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this news release should not be unduly relied upon. These ‎statements speak only as of the date of this news release.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: that the Owner will not exercise the Sell-Back Right; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Forward-‎Looking Statements” and “Risk ‎Factors” in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the Owner may exercise the Sell-Back Right and require the Company to reacquire any of the Projects and return the related funds received; the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar Project exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this news release are expressly qualified in their entirety by ‎this cautionary statement.‎

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SOURCE PowerBank Corporation

LONDON, Feb. 13, 2026 /PRNewswire/ — Lei Zhang, Founder and Chief Executive Officer of Envision, has been named the recipient of the Energy Institute’s 2026 President’s Award. In bestowing Zhang with its highest honour, the Institute highlighted Envision’s role in shaping the global energy transition to drive economic growth and long-term prosperity while accelerating decarbonisation.

In recognising Zhang, the Energy Institute pointed to his standing as a thought leader who has consistently framed the energy transition as a systems challenge — and an economic opportunity — rather than a constraint. His work was cited for advancing industry standards, supporting skills and education, and promoting long-term thinking about how energy systems can better serve societies and economies.

The award also marks a notable moment for the private sector. Zhang is the first entrepreneur and business leader to receive the President’s Award, following previous recipients largely drawn from government, diplomacy and international organisations.

Energy Institute President Andy Brown commented:

“The President’s Award is the Energy Institute’s highest honour, presented to individuals whose achievements have had a transformative impact on global energy. Lei’s vision and leadership have made him one of the foremost global energy leaders. Through Envision, he is shaping the AI energy system providing a foundation that is infinite, intelligent and affordable for all.” 

The Institute said the award reflects a growing recognition that achieving net zero will depend not only on policy, but on businesses capable of building and operating the infrastructure and digital systems that make the transition investable and durable despite the challenges that exist.

Upon accepting the award, Zhang said the world is at a pivotal moment, as technology has driven renewable energy costs down to the point where it can be both affordable and abundant. While skepticism remains, he drew a historical parallel to the 13th century, when paper was dismissed as an inferior alternative to parchment—until its affordability broke the monopoly on knowledge and opened access to the masses.

Zhang expressed optimism for humanity’s future, stating “The age of fossil fuels will pass. What rises next is not just new energy system – but a new horizon for humanity. When energy becomes abundant and accessible, like paper once was for knowledge, it will unlock intelligence, it will restore dignity, it will reshape cooperation. That is how we will create a new prosperity for civilization.”

Zhang is an influential voice in the international energy and climate spheres. He co-founded the Global School of Sustainability with the London School of Economics and was named among TIME’s “100 Most Influential Climate Leaders of 2025.

Professor Nicholas Stern, Chair of the Global School of Sustainability said:

“Sustainable development is the only route to strong and secure growth. Sustainability is the new prosperity. Lei’s commitment to harnessing technology for humanity’s shared energy challenges, together with his extraordinary creativity and drive, provide a powerful example of the kind of leadership we need as we accelerate the pace of change across the world.”

Founded in 2007, Envision has built its strategy around the idea that clean energy is not only an environmental imperative, but a foundation for new economic opportunity. It recently announced the global launch of Dubhe, a groundbreaking energy foundation model that will enable energy systems to scale in step with AI, shaping the AI energy system.

The Energy Institute (EI) is the chartered professional membership body for people working across the world of energy. Their purpose is to create a better energy future by accelerating a just global transition to net zero. International Energy Week, organised by the EI, brings together policymakers, industry leader and experts in London annually.

Below is the full text of the speech:

Creating a New Prosperity for Civilization

I am deeply honored to receive this award. It is not only a recognition of my team and myself, but also an affirmation of our shared vision — the vision of creating a new prosperity for civilization.

We are at a pivotal moment in the development of civilization. Artificial intelligence is taking humanity into a new era of energy demand. Over the next 50 years, global power demand may increase ten times. Just as no one could predict a hundred times rise of energy before the invention of the steam engine.

At the same time, the climate crisis intensifies. With finite fossil fuel reserves, we must confront a fundamental question:

How can we sustain the long-term prosperity of civilization?

This urgency is driving us to build a new energy foundation— a system with  three key pillars : Infinite, Intelligent, and Inexpensive.

Encouragingly, this vision is becoming reality. Once expensive renewable energy, has now surpassed fossil fuels in cost competition. Through large-scale innovation, China has helped drive down the global costs of wind, solar, and energy storage by around 90%, making renewables affordable energy.

Yet alongside progress come doubts. Some mistake “abundance” for “overcapacity.” Others view “affordability” with suspicion.

This reminds me of a misunderstanding from a thousand years ago. In the 13th century, when papermaking technology from China reached Europe, paper was dismissed as a “cheap and fragile” substitute for parchment. Emperor Frederick II even declared documents written on paper invalid. To the elites of the time, inexpensive paper lacked the dignity of costly parchment.

And yet, it was precisely this accessibility — this very “cheapness” — that broke the monopoly of knowledge. It allowed ordinary people to access the knowledge and ultimately helped ignite the Renaissance.

History teaches us that civilization advances through abundance and accessibility. Today, this abundance is laying the foundation for a new energy system.

It will unleash the full potential of AI, expanding the upper limits of civilization. A tenfold increase in power demand is not a burden — it is the nourishment for computational evolution. Without abundant and intelligent energy, the flower of AI cannot fully bloom.

It will also uphold the dignity of humanity and protect the foundation of civilization. In Africa, off-grid systems are lighting remote villages for the first time. In Pakistan, solar panels have become one of the most treasured wedding gifts. In the Middle East, affordable electricity enables desalination that turns desert into farmland. In Southeast Asia remote mountain, wind-powered base stations connect children to global knowledge.

Humanity will move from competing over limited resources to jointly developing the infinite flows of nature — building a new civilization rooted in cooperation.

The age of fossil fuels will pass. What rises next is not just a new energy system —but a new horizon for humanity. When energy becomes abundant and accessible — like paper once was for knowledge

It will unlock intelligence.

It will restore dignity.

It will reshape cooperation.

That is how we will create a new prosperity for civilization.

– end –

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SOURCE Envision Energy

BEIJING, Feb. 13, 2026 /PRNewswire/ — Walnut Coding (the “Company”), a leading online coding platform for young learners, is accelerating the adoption of artificial intelligence (AI) education in primary and secondary schools across China. Currently, the company’s AI education public welfare programming courses have reached approximately 140,000 students across 1,029 schools in Shanghai. In addition, the company has initiated teacher training to support these courses, benefiting more than 50,000 primary and secondary school teachers nationwide. The initiative is dedicated to providing structured curriculum materials, professional teacher training, and hands-on learning tools, facilitating the systematic integration of AI education into classrooms.

As a key component of the initiative, Walnut Coding has organized public welfare training sessions to support primary and secondary school teachers nationwide. These programs focus on AI literacy, programming fundamentals, and effective classroom instruction, equipping teachers with the confidence and practical skills required to deliver AI-related content in their classrooms. For students, Walnut Coding’s public welfare AI courses follow a tiered and progressive curriculum structure aligned with age and cognitive development levels. At the primary school level, the curriculum emphasizes visual thinking and hands-on exploration, while middle school courses gradually introduce abstract logic and structured problem-solving. Participating schools receive complete curriculum packages that can be tailored to local teaching needs and schedules, ensuring flexible and practical implementation.

Walnut Coding has also developed AI-empowered teaching products to support interactive programming learning and creative practice. Through project-based learning, these tools help students apply programming concepts, strengthen computational thinking, and cultivate core competencies in innovation and problem-solving, providing engaging and hands-on learning experiences. As schools strive to prepare students for an increasingly digital future, the scale and reach of the company’s public welfare initiative reflect the surging demand for early-stage AI education. The program is committed to expanding access to high-quality AI education resources, particularly in regions with limited teaching capacity and resources.

Walnut Coding’s approach emphasizes collaboration among enterprises, universities, and schools as AI education transitions from pilot programs to wider implementation. By partnering with educational institutions to develop teaching frameworks and curriculum content tailored to the cognitive development of students across different grade levels, the company also supports schools in addressing gaps in teaching capacity and curriculum design.

Moving forward, Walnut Coding plans to continue working with stakeholders to expand the coverage of AI education and enhance teaching quality. The company believes that the effective implementation of AI education requires sustained cross-sector collaboration.

About Walnut Coding

Walnut Coding is a leader in coding education in China. Founded in 2017, the company offers fun, engaging, and well-structured coding courses for young learners, covering various subjects including Scratch, Python, and C++. Its courses feature adaptive software products with definitive learning objectives and interactive content for learners, as well as individualized guidance from full-time learning assistants throughout the learning process.

View original content:https://www.prnewswire.com/news-releases/walnut-coding-brings-ai-education-to-schools-through-public-welfare-programming-courses-302687458.html

SOURCE Walnut Coding

The facility will transform post-consumer textiles into high-quality recycled polyester

PARIS, Feb. 13, 2026 /PRNewswire/ — Reju, the textile-to-textile regeneration company based in France, announces the site selection for an industrial sized Regeneration Hub, in Lacq, in the Pyrénées-Atlantiques, on the Induslacq platform. Reju, a Technip Energies owned company, is deepening its roots in France through the development of this new Regeneration Hub.

Every year, 121 million tons of textiles are discarded, yet only 1% are recycled into new garments. The vast majority end up in landfills or are incinerated, creating a severe environmental challenge for the world. Reju is tackling this global issue by developing solutions to regenerate textile waste into new materials.

This Regeneration Hub will strengthen France’s leadership in circular, low carbon industrial innovation. Backed by Technip Energies’ global engineering expertise, Reju will bring cutting edge textile to textile regeneration technology to French industry. The plant will utilize Reju’s proprietary depolymerization technology to take post-consumer textiles from national waste streams as feedstock and to transform them into rBHET, a regenerated raw material for making new polyester from textile waste, that will then be repolymerized into Reju PET.

The project is subject to final investment decision by the board of Technip Energies, the parent company of Reju.

This project confirms France’s position as a pioneer in this strategic sector and will help structure a new local industry, contributing to decarbonization. It would generate 80 direct jobs and more than 300 indirect jobs.

“This French Regeneration Hub builds on our strategy to industrialize a circular post-consumer textile-to-textile model,” said Patrik Frisk, CEO of Reju. “By leveraging France’s ambitious circular-economy agenda and advancing our technology to new markets, we are reinforcing our mission to transform textile waste into valuable, circular resources.”

Through its French Hub, Reju aims to build a scalable circular infrastructure in France and Europe, enabling textile-to-textile traceability and closing the loop on fiber use. The project aligns with Reju’s established operations, including Regeneration Hub Zero in Frankfurt, the announced site selection in Chemelot, Sittard-Geleen the Netherlands and the recently announced United States Hub to be located in Eastman Business Park, in Rochester, New York.

The Regeneration Hub will be located on the Induslacq platform, owned by TotalEnergies.

“Chemparc, a development agency supported by the State, local authorities (Region Nouvelle- Aquitaine, Community Lacq-Orthez), and industry, is pleased to announce the selection of Lacq as the site for Reju’s first Regeneration Hub in France. This decision underscores the attractiveness of our industrial basin and illustrates the role of our Public Interest Group as a catalyst for this attractiveness. In line with our industrial strategy, this decision marks a new step in the development of a low-carbon circular economy. CHEMPARC is committed to continuing its support with diligence and energy for the success of this industrial project in the Lacq Basin,” said Audrey Le-Bars, Chief Executive Officer of Chemparc.

Owned by Technip Energies, Reju utilizes proprietary technology developed in conjunction with IBM Research to recover, regenerate and recirculate textile waste, starting with polyester. Reju actively participates in the work of several bodies and organizations such as ReHubs, Petcore and Evolen. This will create a circular ecosystem, developing a textile-to-textile sector in France in line with European requirements and based on traceability.

About Reju

Reju is a materials regeneration company focused on creating innovative solutions for regenerating polyester textiles and post-consumer PET waste. Owned by Technip Energies and utilizing technology originating with IBM Research, Reju is driven by its purpose to unlock infinite possibilities within finite resources. The company aims to establish a global circular textiles system to regenerate and recirculate polyester textiles. Learn more at https://www.reju.com/

About Technip Energies

Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 18,000+ employees across 35 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter.

For further information: www.ten.com

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SOURCE Reju

The facility will transform post-consumer textiles into high-quality recycled polyester

PARIS, Feb. 13, 2026 /PRNewswire/ — Reju, the textile-to-textile regeneration company based in France, announces the site selection for an industrial sized Regeneration Hub, in Lacq, in the Pyrénées-Atlantiques, on the Induslacq platform. Reju, a Technip Energies owned company, is deepening its roots in France through the development of this new Regeneration Hub.

Every year, 121 million tons of textiles are discarded, yet only 1% are recycled into new garments. The vast majority end up in landfills or are incinerated, creating a severe environmental challenge for the world. Reju is tackling this global issue by developing solutions to regenerate textile waste into new materials.

This Regeneration Hub will strengthen France’s leadership in circular, low carbon industrial innovation. Backed by Technip Energies’ global engineering expertise, Reju will bring cutting edge textile to textile regeneration technology to French industry. The plant will utilize Reju’s proprietary depolymerization technology to take post-consumer textiles from national waste streams as feedstock and to transform them into rBHET, a regenerated raw material for making new polyester from textile waste, that will then be repolymerized into Reju PET.

The project is subject to final investment decision by the board of Technip Energies, the parent company of Reju.

This project confirms France’s position as a pioneer in this strategic sector and will help structure a new local industry, contributing to decarbonization. It would generate 80 direct jobs and more than 300 indirect jobs.

“This French Regeneration Hub builds on our strategy to industrialize a circular post-consumer textile-to-textile model,” said Patrik Frisk, CEO of Reju. “By leveraging France’s ambitious circular-economy agenda and advancing our technology to new markets, we are reinforcing our mission to transform textile waste into valuable, circular resources.”

Through its French Hub, Reju aims to build a scalable circular infrastructure in France and Europe, enabling textile-to-textile traceability and closing the loop on fiber use. The project aligns with Reju’s established operations, including Regeneration Hub Zero in Frankfurt, the announced site selection in Chemelot, Sittard-Geleen the Netherlands and the recently announced United States Hub to be located in Eastman Business Park, in Rochester, New York.

The Regeneration Hub will be located on the Induslacq platform, owned by TotalEnergies.

“Chemparc, a development agency supported by the State, local authorities (Region Nouvelle- Aquitaine, Community Lacq-Orthez), and industry, is pleased to announce the selection of Lacq as the site for Reju’s first Regeneration Hub in France. This decision underscores the attractiveness of our industrial basin and illustrates the role of our Public Interest Group as a catalyst for this attractiveness. In line with our industrial strategy, this decision marks a new step in the development of a low-carbon circular economy. CHEMPARC is committed to continuing its support with diligence and energy for the success of this industrial project in the Lacq Basin,” said Audrey Le-Bars, Chief Executive Officer of Chemparc.

Owned by Technip Energies, Reju utilizes proprietary technology developed in conjunction with IBM Research to recover, regenerate and recirculate textile waste, starting with polyester. Reju actively participates in the work of several bodies and organizations such as ReHubs, Petcore and Evolen. This will create a circular ecosystem, developing a textile-to-textile sector in France in line with European requirements and based on traceability.

About Reju

Reju is a materials regeneration company focused on creating innovative solutions for regenerating polyester textiles and post-consumer PET waste. Owned by Technip Energies and utilizing technology originating with IBM Research, Reju is driven by its purpose to unlock infinite possibilities within finite resources. The company aims to establish a global circular textiles system to regenerate and recirculate polyester textiles. Learn more at https://www.reju.com/

About Technip Energies

Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 18,000+ employees across 35 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter.

For further information: www.ten.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/reju-announces-site-selection-for-french-regeneration-hub-in-lacq-advancing-europes-circular-textile-infrastructure-302686736.html

SOURCE Reju

The facility will transform post-consumer textiles into high-quality recycled polyester

PARIS, Feb. 13, 2026 /PRNewswire/ — Reju, the textile-to-textile regeneration company based in France, announces the site selection for an industrial sized Regeneration Hub, in Lacq, in the Pyrénées-Atlantiques, on the Induslacq platform. Reju, a Technip Energies owned company, is deepening its roots in France through the development of this new Regeneration Hub.

Every year, 121 million tons of textiles are discarded, yet only 1% are recycled into new garments. The vast majority end up in landfills or are incinerated, creating a severe environmental challenge for the world. Reju is tackling this global issue by developing solutions to regenerate textile waste into new materials.

This Regeneration Hub will strengthen France’s leadership in circular, low carbon industrial innovation. Backed by Technip Energies’ global engineering expertise, Reju will bring cutting edge textile to textile regeneration technology to French industry. The plant will utilize Reju’s proprietary depolymerization technology to take post-consumer textiles from national waste streams as feedstock and to transform them into rBHET, a regenerated raw material for making new polyester from textile waste, that will then be repolymerized into Reju PET.

The project is subject to final investment decision by the board of Technip Energies, the parent company of Reju.

This project confirms France’s position as a pioneer in this strategic sector and will help structure a new local industry, contributing to decarbonization. It would generate 80 direct jobs and more than 300 indirect jobs.

“This French Regeneration Hub builds on our strategy to industrialize a circular post-consumer textile-to-textile model,” said Patrik Frisk, CEO of Reju. “By leveraging France’s ambitious circular-economy agenda and advancing our technology to new markets, we are reinforcing our mission to transform textile waste into valuable, circular resources.”

Through its French Hub, Reju aims to build a scalable circular infrastructure in France and Europe, enabling textile-to-textile traceability and closing the loop on fiber use. The project aligns with Reju’s established operations, including Regeneration Hub Zero in Frankfurt, the announced site selection in Chemelot, Sittard-Geleen the Netherlands and the recently announced United States Hub to be located in Eastman Business Park, in Rochester, New York.

The Regeneration Hub will be located on the Induslacq platform, owned by TotalEnergies.

“Chemparc, a development agency supported by the State, local authorities (Region Nouvelle- Aquitaine, Community Lacq-Orthez), and industry, is pleased to announce the selection of Lacq as the site for Reju’s first Regeneration Hub in France. This decision underscores the attractiveness of our industrial basin and illustrates the role of our Public Interest Group as a catalyst for this attractiveness. In line with our industrial strategy, this decision marks a new step in the development of a low-carbon circular economy. CHEMPARC is committed to continuing its support with diligence and energy for the success of this industrial project in the Lacq Basin,” said Audrey Le-Bars, Chief Executive Officer of Chemparc.

Owned by Technip Energies, Reju utilizes proprietary technology developed in conjunction with IBM Research to recover, regenerate and recirculate textile waste, starting with polyester. Reju actively participates in the work of several bodies and organizations such as ReHubs, Petcore and Evolen. This will create a circular ecosystem, developing a textile-to-textile sector in France in line with European requirements and based on traceability.

About Reju

Reju is a materials regeneration company focused on creating innovative solutions for regenerating polyester textiles and post-consumer PET waste. Owned by Technip Energies and utilizing technology originating with IBM Research, Reju is driven by its purpose to unlock infinite possibilities within finite resources. The company aims to establish a global circular textiles system to regenerate and recirculate polyester textiles. Learn more at https://www.reju.com/

About Technip Energies

Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 18,000+ employees across 35 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter.

For further information: www.ten.com

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SOURCE Reju

BEIJING, Feb. 12, 2026 /PRNewswire/ — This year marks the 105th anniversary of the founding of the Communist Party of China (CPC) and the opening year of the 15th Five-Year Plan (2026-30). A new year begins with new resolve and new momentum. The call to “fight for our dreams and our happiness, and turn our great vision into beautiful realities” continues to inspire action across China.

In the column “New Year on the Frontlines,” reporters from the Global Times traveled to the grass roots to witness the vitality of a vast nation, see its mountains and rivers in motion and its fields in abundance, and listen to the stories of people finding fulfillment in both life and work.

Through these stories, the column seeks to present a vivid portrait of Chinese modernization.

“Hello, I’d like to buy some loose pastries. Do you have any flavors this year that weren’t available last year?”

“Yes, we have a flavor of red date and Chinese yam. They are only sold for seven days before the Spring Festival.”

On a Sunday morning at a store of the traditional bakery brand Daoxiangcun in Beijing’s Dongzhimen, Helene Lemerle from France, leaned close to the counter, her finger resting on a pastry adorned with a small horse design. “I’ll take one of these too.” She spoke Chinese fluently, even with a Beijing accent.

Helene, who also goes by her Chinese name Li Na, shared that she has lived in Beijing’s hutongs for over 20 years.

“It’s incredibly quiet and full of warmth,” she said, recounting her daily interactions with neighbors while strolling through the alleys of blue-tiled, gray-brick courtyards.

“Sometimes I’d be startled by the sound of knocking on the door. Then I’d open it to find a neighbor holding dumplings or pancakes, saying, ‘Eat while they’re hot!'” She mimed opening the door, her laughter warming the crisp winter air.

In 1997, China and France signed a joint statement, making France the first major Western country to establish a full partnership with China. The tides of history reshaped the lives of ordinary people.

That year, Helene participated in a China-France student exchange program, staying with her Chinese host family led by Wang Jing. This marked the beginning of her connection with China.

“To ensure we could catch a nap on the shuttle bus, Wang Jing’s mother would get up early every day to queue for seats for us. It gives me a warm feeling inside just thinking about it.”

To Helene, China holds a unique appeal. “It’s so vast – over 17 times the size of France; everything you see is fascinating.” Chinese culture, she adds, is utterly captivating: “It is like a huge cake; once you take a bite, you just want to keep eating.”

In 2002, after completing her exchange program and returning to France, Helene resolved to come back to Beijing. Her original plan was to study for a year before returning home to teach Chinese. “After that year, I didn’t want to leave. China was just too vibrant,” she noted.

That year marked China’s GDP surpassing 10 trillion yuan ($1.21 trillion) for the first time, the launch of the Shenzhou-3 spacecraft and the commencement of two monumental projects: the West-to-East gas pipeline and the South-to-North Water Diversion Project.

This dynamic China made Helene want to stay. Her decision to “not rush to go back home” led to a 24-year stay. She found love in China and made her home in a Beijing hutong.

“Does your family worry about you living in China?”

“China’s public safety is excellent – what’s there to worry about?”

Helene lifted her chin, her expression as proud as any Chinese person’s, smiling as if the questioner simply didn’t understand.

To her, China’s everyday vibrancy, human warmth, sense of security, as well as the confidence and inclusivity rooted in its culture are becoming a source of reassurance for the world.

After 24 years in China, Helene has come to understand the warmth and pace of this land. She has transformed from an observer into a participant, becoming part of China’s story.

“I grew up at the stables. I had a horse named Didou, and my equestrian company is named after him.”

When China’s equestrian industry was just beginning, Helene worked as a consultant at clubs, helping them plan and operate. Now, she has shifted her focus to “equine-assisted guidance.”

“I hope to help more people understand themselves through interaction with horses.”

This is Li Na’s new year’s wish for the Year of the Horse.

In Beijing’s hutongs, the aroma of stewed meat fills the air as households make final preparations for the Spring Festival. Helene’s Chinese father-in-law handwrote a pair of Spring Festival couplets for her: “Blessings fill the springtime, dreams come true in this prosperous era.”

View original content:https://www.prnewswire.com/news-releases/global-times-a-french-girl-living-in-beijings-hutongs-302687126.html

SOURCE Global Times