Author: sHq_LoGiNz

FLORHAM PARK, N.J., Sept. 6, 2025 /PRNewswire/ — Reworld Holding Corporation (the “Company”) announced today that, as of 5:00 p.m., New York City time, on September 5, 2025 (the “Early Tender Date”), as reported by the information and tender agent, in connection with the Company’s previously announced cash tender offer (the “Offer”) and related consent solicitation (the “Consent Solicitation”) in respect of any and all of its outstanding 5.000% Senior Notes due 2030 (the “Notes”), it had received tenders and consents from holders of approximately $377,338,000 aggregate principal amount, or 94.33%, of the outstanding Notes.

On September 5, 2025, the Company and Computershare Trust Company, N.A., as trustee (the “Trustee”), executed a supplemental indenture with respect to the Notes (the “Supplemental Indenture”) to authorize the elimination of substantially all of the restrictive covenants, all reporting obligations, certain events of default and related provisions contained in the indenture governing the Notes (the “Proposed Amendments”).  The Proposed Amendments, however, will not become operative until the Company has accepted for purchase Notes that have been validly tendered representing at least a majority of the aggregate principal amount of the Notes then outstanding pursuant to the Offer.

The deadline to validly withdraw tenders of Notes in the Offer was 5:00 p.m., New York City time, on September 5, 2025 (such time and date, the “Withdrawal Deadline”); therefore, Notes that have been tendered and not validly withdrawn, and Notes tendered after such date and time, may not be withdrawn unless otherwise required by applicable law.

The table below sets forth certain information regarding the Offer and the Consent Solicitation:

Holders who have validly tendered Notes at or before the Early Tender Date will be eligible to receive the Total Consideration with respect to the Notes tendered. Holders validly tendering Notes after the Early Tender Date but at or before the Expiration Date will be eligible to receive only the Tender Consideration for the Notes, which is equal to the Total Consideration less the Early Participation Premium. In addition, holders whose Notes are purchased in the Offer will receive accrued and unpaid interest in respect of their purchased Notes from the last interest payment date of the Notes up to, but not including, the applicable settlement date for the Notes.

The Offer will expire at 5:00 p.m., New York City time, on September 22, 2025 (as it may be extended, the “Expiration Date”), unless earlier terminated by the Company. Subject to the terms and conditions of the Offer being satisfied or waived, the Company will, following the Expiration Date, accept for purchase all Notes validly tendered at or before the Expiration Date (and not validly withdrawn at or before the Withdrawal Deadline). The Company will pay the Total Consideration or the Tender Consideration, as the case may be, for the Notes accepted for purchase promptly following the acceptance of the Notes for purchase. 

The Offer and Consent Solicitation are being made upon the terms and subject to the conditions set forth in the Company’s Offer to Purchase and Consent Solicitation Statement dated August 22, 2025 (as it may be amended or supplemented from time to time, the “Statement”), and in the related tender offer documents (as may be amended or supplemented from time to time, and collectively with the Statement, the “Offer Documents”). Holders may not tender their Notes without delivering their consents to the Proposed Amendments and may not deliver consents to the Proposed Amendments without tendering their related Notes.

The Company’s obligation to consummate the Offer is subject to the satisfaction or waiver of certain conditions, which are more fully described in the Statement, including, among others, (i) the receipt of validly delivered consents to the Proposed Amendments from holders representing at least a majority of the aggregate principal amount of the Notes then outstanding (which, as described above, have been received as of the date hereof), (ii) the execution and delivery by the Company and the Trustee of the Supplemental Indenture implementing the Proposed Amendments to the indenture governing the Notes (which, as described above, has been executed and delivered as of the date hereof), and (iii) the consummation of a debt financing on terms satisfactory to the Company that yields sufficient net cash proceeds to fund the Total Consideration for all of the outstanding Notes.

Barclays Capital Inc. is acting as dealer manager and solicitation agent (the “Dealer Manager and Solicitation Agent”) for the Offer and the Consent Solicitation. Questions regarding the terms of the Offer and the Consent Solicitation can be directed to the Dealer Manager and Solicitation Agent at (800) 438-3242 (toll free) and (212) 528-7581 (collect).

The information and tender agent for the Offer and Consent Solicitation is Global Bondholder Services Corporation. Holders with questions or who would like additional copies of the Offer Documents may call Global Bondholder Services Corporation, toll-free at (866) 807-2200 or (212) 430-3774 (collect).

This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell the Notes. The Offer and the Consent Solicitation are being made only pursuant to the Offer Documents. Holders and investors should read carefully the Offer Documents because they contain important information, including the various terms of and conditions to the Offer and the Consent Solicitation. None of the Company, the Dealer Manager and Solicitation Agent, the information and tender agent or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their Notes in the Offer or deliver their consents in the Consent Solicitation.

About Reworld Holding Corporation

Reworld Holding Corporation or Reworld™, headquartered in Florham Park, New Jersey, is a leader in sustainable waste solutions, providing innovative and environmentally responsible services to a global community. Reworld™ is committed to advancing zero waste initiatives and supporting sustainability goals through state-of-the-art technologies that reimagine, reduce, reuse, recycle, recover, and renew. For more information, visit www.reworldwaste.com.

Cautionary Statement on Forward-Looking Statements

Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the applicable securities laws. Certain statements in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to the Company’s future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as “may”; “will”; “should”; “expect”; “plan”; “anticipate”; “believe”; “intend”; “estimate”; “predict”; “potential”; “continue”; “foresee”, “ensure” or other similar expressions concerning matters that are not historical facts. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company will not update these statements unless applicable securities laws require it to do so.

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SOURCE Reworld Holding Corporation

MUNICH, Sept. 6, 2025 /PRNewswire/ — Recently, GAC officially introduced its all-new extended-range technology ADiMOTION, which enhances range extender efficiency, power response, and NVH performance. Coupled with the AI-powered energy management platform, it ensures precise utilization of every kilowatt-hour of electricity and optimal conversion of every drop of fuel. With this breakthrough, GAC addresses core consumer concerns about range-extended EVs, offering a new travel option where “full battery or low battery, the experience remains the same”.

For a long time, range extender users have been troubled by issues such as high fuel consumption when the battery is depleted, weak power output, and excessive noise and vibration. GAC’s newly introduced ADiMOTION technology tackles these pain points with six industry-leading capabilities, delivering a range-extending experience that is ultra-efficient, ultra-powerful, and ultra-quiet.

Energy efficiency champion: maximize energy utilization, achieving the hallmark of “ultra-efficient” performance.

Electric drive champion: lower energy consumption and longer rang, even when using air conditioning at high speeds, users enjoy a longer range without range anxiety.

Power champion: with a maximum continuous power generation of up to 85 kW, the range extender provides reliable, abundant energy for all scenarios, whether climbing hills or carrying full loads, delivering “ultra-powerful” performance and eliminating depleted-battery anxiety.

Efficiency champion: enabled by innovative materials and near-lossless energy conversion, lowers daily commuting costs and makes long-distance travel planning easier.

Silence champion: Idle power generation achieves industry-leading in-cabin quietness. Certified by CATARC with the highest “Silent Star AAA” rating. Even when driving with a depleted battery, the cabin remains as quiet as a pure EV, surpassing library-level silence, demonstrating its “ultra-quiet” strength.

Innovation champion: achieved through breakthrough materials and processes, ensures faster power response and better performance.

In addition, ADiMOTION employs four intelligent energy strategies: AI all-domain energy management, AI recharging adjustment, AI energy recovery, and AI instantaneous optimal distribution. Analyzing traffic, charging availability, and driving habits to plan and allocate energy in real time.

By focusing on user needs and addressing the range anxiety challenges, GAC’s ADiMOTION technology not only eliminates concerns over depleted-battery performance but also takes China’s range-extending technology to the next level. Through cutting-edge innovation, it injects fresh momentum into the high-quality development of the NEV industry, continuously delivering more reliable and premium mobility value to consumers.

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SOURCE GAC

DELRAY BEACH, Fla., Sept. 6, 2025 /PRNewswire/ — The global Industrial Control Transformer Market is anticipated to grow from estimated USD 1.14 billion in 2025 to USD 1.48 billion by 2030, at a CAGR of 5.3% during the forecast period. The rising demand for reliable and energy-efficient power distribution systems across industrial sectors drives the global Industrial Control Transformer Market. Furthermore, the increasing automation in manufacturing, oil & gas, and chemical industries fuels the need for stable voltage regulation, contributing to the overall demand for industrial control transformers. Additionally, the expansion of power generation infrastructure and the modernization of aging electrical grids contribute to market growth. Technological advancements in transformer design and regulatory mandates for energy efficiency also accelerate the adoption of industrial control transformers.

Browse 150 market data Tables and 150 Figures spread through 250 Pages and in-depth TOC on “Industrial Control Transformer Market – Global Forecast to 2030″

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96246259

By phase, the three-phase segment is expected to register a higher CAGR during the forecast period

In the global Industrial Control Transformer Market, the three-phase segment is projected to register the highest CAGR during the forecast period, owing to its widespread adoption in large-scale industrial and commercial applications. Three-phase control transformers are preferred over single-phase units due to the ability to deliver higher efficiency, greater load capacity, and stable voltage regulation, which are critical for automation-intensive industries. Sectors such as power generation, oil & gas, metals, and chemicals increasingly deploy three-phase systems to support complex machinery, process automation, and continuous operations. Moreover, the integration of renewable energy projects and the modernization of industrial infrastructure worldwide further amplify the demand for three-phase solutions. As industries focus on operational reliability, energy efficiency, and seamless integration with Industry 4.0 systems, the segment is set to emerge as the dominant driver within the market.

Based on end use, the power generation segment is likely to hold the largest market share in 2030

The power generation segment is anticipated to capture the largest market share in 2030, supported by the rising demand for stable and efficient electrical infrastructure across conventional and renewable energy plants. Control transformers are critical in ensuring reliable voltage supply for turbine controls, auxiliary systems, and monitoring equipment, making them indispensable in thermal and renewable generation facilities. The rapid expansion of solar, wind, and hydropower projects, alongside the modernization of aging fossil-fuel plants, further fuels the demand. Additionally, government initiatives and large-scale investments to enhance grid stability and integrate renewables accelerate adoption.

North America is anticipated to be the second-largest market for industrial control transformers during the forecast period

North America is expected to hold the second-largest market share, driven by the strong industrial base and growing focus on modernizing energy infrastructure. The US and Canada are at the forefront, with significant investments directed toward upgrading power generation facilities, expanding renewable energy projects, and advancing manufacturing automation. The presence of established OEMs and technology providers and the stringent regulatory standards for industrial safety and energy efficiency further strengthen market growth. Moreover, the rising adoption of smart grids and digitalized control systems creates sustained demand for reliable control transformers to ensure a stable voltage supply in critical applications. With continuous investment in oil & gas, utilities, and industrial automation, the region is positioned as a mature yet steadily expanding market within the global landscape.

Some major players in the Industrial Control Transformer Market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), GE Vernova (US), and Schneider Electric (France). Major strategies adopted by these players include product launches, acquisitions, expansions, agreements, investments, and contracts.

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Siemens (Germany)

Siemens is a leading technology group operating worldwide. The company focuses on automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings, distributed energy systems, smart mobility solutions for rail and road, advanced technologies in the medical sector, and digital healthcare services. It operates through the following segments: Siemens Healthineers, Smart Infrastructure, Digital Industries, and Mobility. It provides its industrial control transformers under the Smart Infrastructure business segment. The company specializes in rugged, noise-isolating control transformers with silicon steel lamination and high-quality copper windings for optimal performance in harsh industrial environments. Their Class MT and MTG transformers are UL and CSA certified, designed per NEMA ICS2 standards, and support global applications with multi-tap configurations and touch-safe terminals. The R&D activities of the Smart Infrastructure focus on sustainable and decarbonized infrastructure in electrification, distribution grids, and buildings. R&D efforts strengthen the capabilities of the segment to provide comfortable, safe, and energy-efficient buildings and infrastructures that support increased efficiency for occupants, equipment, and the use of building space. The segment is expanding its digital offerings to include cloud solutions using field data from controllers and IoT devices. Its products and services are available worldwide, with manufacturing operations in over 20 countries. The businesses outside the US are primarily based in Germany, the UK, Italy, India, China, Canada, and the Netherlands.

Eaton (Ireland)

Eaton is a power management company that provides energy-efficient solutions related to electrical, hydraulic, and mechanical power. The company offers a range of electrical components, industrial components, power distribution and assemblies, residential products, single-phase power quality and connectivity systems, three-phase power quality systems, wiring devices, circuit protection equipment, power distribution systems, power reliability equipment, and services. It operates through five business segments, namely, Electrical Americas, Electrical Global, Aerospace, Vehicle, and e-Mobility. The company offers industrial control transformers through its Electrical Global and Electrical Americas segments. The principal markets for these segments are industrial, institutional, governmental, utility, commercial, residential, and information technology. Its MTE, MTK, and AP series transformers emphasize energy efficiency, compact design, and compliance with UL5085 and IEC 61558 standards for safe and reliable operation. Their transformers are engineered for modular power distribution, supporting decentralized systems and offering enhanced uptime for mission-critical industrial applications. It manages and operates its business globally in over 170 countries. It operates through its 284 manufacturing facilities across 42 countries while maintaining its distribution channels worldwide.

For more information, Inquire Now!

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SOURCE MarketsandMarkets

BOSTON, Sept. 6, 2025 /PRNewswire/ — On July 26, at a grand AI gala, Jian took the stage alongside a humanoid robot to perform Jasmine Flower. Under the dazzling lights, the bionic fingertips of his BrainCo Intelligent Bionic Hand “blossomed” with each note, offering the audience a vivid glimpse of the beauty of human–machine collaboration.

BrainCo’s innovations in brain-computer interface technology are rewriting the everyday lives of people with disabilities. One such story is that of Jian—a once mischievous and lively boy from a basketball-loving village, who discovered his passion for the sport early in life. But as a young teenager, tragedy struck: while helping his family, Jian’s right hand was caught in a machine, and amputation became inevitable.

The aftermath of the accident was devastating. Everyday tasks, such as opening plastic packaging or peeling fruit, became constant reminders of his limitations. Yet Jian refused to give up on basketball. “Basketball is a way for me to relieve stress,” he said. On the court, he pushed himself harder than others, determined to prove his resilience: “I wanted to beat people without a hand.” The sport not only gave him strength but also connected him with many like-minded friends who shared his passion.

Later, as Jian approached graduation, he faced the pressures of job hunting while still yearning to challenge the impossible beyond basketball. That was when he discovered the BrainCo Intelligent Bionic Hand. “I still remember the moment I first achieved precise control of each finger—it felt as if my lost right hand had returned. The feeling is indescribable,” Jian recalled.

With the Intelligent Bionic Hand, Jian has since conquered the demanding sport of rock climbing, proving to himself and others that no challenge is insurmountable. He later joined BrainCo, where he now dedicates himself to introducing bionic hands to more people in need. “I hope to use my personal experience to help others like me—bringing them the power of technology and helping them regain hope in life,” he said with conviction.

BrainCo was founded in 2015 and incubated by the Harvard Innovation Lab (i-Lab). Since its inception, it has emerged as a global leader in non-invasive brain-computer interface (BCI) technology.

BrainCo actively contacts social organizations and caring enterprises, encourages them to participate in public welfare projects, and ultimately allows disabled people who cannot afford prostheses to install smart prostheses free of charge, and improves the employment skills of disabled people to help them return to society.

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SOURCE BrainCo

VENICE, Italy, Sept. 5, 2025 /PRNewswire/ — As part of the iconic Venice Film Festival, Nicola Liguori, renowned film producer and founder of MP Film Italia and NYV Entertainment USA, was honored—alongside Andrea Bocelli and other leading talents in the industry—with the “Unconventional Excellence 2025” award by the prestigious Forbes magazine. The recognition celebrates his outstanding career in the film industry and his commitment to socially engaged cinema.

Unconventional Excellence 2025 is a prestigious award presented by Forbes Italia to individuals who, with courage and innovation, push boundaries in the film industry. “Success is not something to be hidden: with strength and determination, it can become a collective value,” said Nicola Formichella, CEO of Forbes Italia.

Together with his partner Tommaso Ranchino and in collaboration with Pro Format Comunicazione, led by Simona Maurelli, Liguori has built a legacy of over 50 film productions that tackle complex themes and transform cinema into a tool for awareness and social action.

With five official selections at the Venice International Film Festival, including the 2025 edition with “The Light in the Crevice” by Anselma Dell‘Olio, MP Film and Pro Format Comunicazione have proven their ability to create narratives that resonate with broad audiences and stimulate meaningful dialogue.

This recognition comes at a strategic time for the team, as they expand their model of social cinema into the United States, bringing their expertise and know-how to a new market and strengthening their international mission.

“This award is a recognition of our work and our passion for using cinema as a tool for social change. After achieving such important milestones in Italy, we’re now working to expand our model from our U.S. base—at the heart of the global industry—and continue creating content that inspires, impacts, and sparks conversation,” said Nicola Liguori, who currently resides in Miami.

Following the Oscar of the Ports award received in Miami earlier this year, this new recognition further confirms the international vocation of Nicola Liguori and his team, who are turning cinema into a universal language in service of health, fashion, music, and collective well-being.

To learn more about Nicola Liguori and his impact on the world of cinema, follow him at:
@nicolaliguori  @nyv_entertainment @mpfilm.it

CONTACT
Fabiola Malka: [New Concept PR]
Telephone: 786.285.7783
Email: fabiola@newconceptpr.com

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SOURCE NYV Entertainment