LITTLE ROCK, Ark., November 13, 2025 /3BL/ – Entergy Arkansas recently awarded Easterseals of Arkansas more than $18,000 in incentives for energy efficiency projects completed as part of the Entergy Solutions CitySmart program’s mission-based offering. Easterseals completed construction on their new Academy campus in West Little Rock earlier this year, welcoming the first students to the space in August.

Easterseals Arkansas is a nonprofit organization serving children and adults with special needs, fulfilling their mission to empower people with disabilities to live, learn, work, and play in their communities.  Entergy Arkansas knows that many nonprofit organizations may not have extra funds to devote to energy efficiency programs, which is why Entergy Solutions is focused on reducing barriers for mission-based organizations and delivering accessible energy-savings solutions for those who need it the most.

As a CitySmart program participant, Easterseals worked with the Entergy Solutions team and partners to be sure they were maximizing efficiencies during construction of the new facility.  Through the program, the organization focused on energy efficient LED lighting, lighting controls, and HVAC systems. These projects resulted in $18,378.05 in total incentives, and Easterseals has saved 73,512.17 kilowatt hours of energy through its participation in the program.

“It’s an exciting time for Easterseals, and we are thrilled to have our new K – 12 campus open and serving students in Central Arkansas,” said Mac Bell, Vice President of Development and Communication at Easterseals. “Participating in Entergy Arkansas’s CitySmart program made us feel confident that our new facility is the most efficient it can be to carry our organization forward for decades to come.”

“I have had the pleasure of serving on the Easterseals board for five years, which has given me a front-row seat to the amazing work that they do,” said Laura Landreaux, CEO of Entergy Arkansas. “Entergy is here to serve our communities and helping an organization with such a meaningful mission reduce costs and increase efficiency is one of the most impactful investments we can make.”

The CitySmart program is an Entergy Arkansas offering of the Entergy Solutions program that strives to help schools and municipal institutions run more efficiently through updates such as upgraded HVAC systems, commercial Wi-Fi thermostats and new lighting to save energy and money. The program helps to identify energy savings specific to their facilities, prioritize a range of energy conservation measures, and achieve significant, long-term electricity savings. Organizations earn incentives for completing qualifying energy-efficiency projects and help improve efficiencies throughout their facilities. Interested schools can learn more about the CitySmart program at entergyarkansas.com/citysmart.

Entergy Arkansas also offers a variety of programs specifically designed to help residential customers and businesses manage their energy and ultimately lower their monthly bill. To learn more visit entergysoluionsar.com.

About Entergy Arkansas
Entergy Arkansas, LLC provides electricity to approximately 735,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation (NYSE: ETR). Entergy produces, transmits and distributes electricity to power life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We’re also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at EntergyArkansas.com and connect with @EntergyARK on social media.

About Easterseals Arkansas
For more than 80 years, Easterseals Arkansas has been dedicated to empowering children and adults with disabilities to live, learn, work, and play in their communities. Through education, therapy, independent living, employment, and support services, Easterseals Arkansas helps individuals of all abilities live more independently and reach their fullest potential.

Media inquiries:
Lamor Williams
lwill51@entergy.com
501-377-3525

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Students in 35 School Districts Will Breathe Cleaner Air

DIAMOND BAR, Calif., Nov. 13, 2025 /PRNewswire/ — The South Coast Air Quality Management District (South Coast AQMD) Governing Board approved up to $78.2 million to replace 286 older, high-polluting school buses with new zero-emission models and to install supporting charging infrastructure across the region.

The project will benefit 35 public school districts throughout the South Coast Air Basin. Of the new zero-emission buses:

  • 124 will operate in Los Angeles County
  • 50 in Orange County
  • 60 in Riverside County
  • 52 in San Bernardino County

The full list of school districts can be found here.

The new buses are expected to reduce harmful emissions by about 46.3 tons of smog-forming nitrogen oxides and 3.5 tons of particulate matter each year, significantly improving air quality, particularly for students.

More than 87 percent of the new buses will serve overburdened communities, ensuring that cleaner air reaches those who need it most. Delivery and deployment of the new buses are expected to begin in mid-2026, following vehicle procurement and infrastructure installation.

Funding for this initiative comes from multiple clean air programs, including the Carl Moyer Program, CARE4Kids Program and other state and local funding sources. This funding approach leverages state, federal, and local resources to accelerate the transition to zero-emission transportation across Southern California.

Since launching the Lower-Emission School Bus Program in 2001, South Coast AQMD has awarded nearly $372 million to help school districts replace or retrofit diesel school buses. To date, the program has replaced more than 1,900 diesel school buses with alternative-fuel or zero-emission models and retrofitted 3,400 buses with particulate matter traps—ensuring that students across the region travel on some of the cleanest school buses in the nation.

South Coast AQMD is the regulatory agency responsible for improving air quality for large areas of Los Angeles, Orange, Riverside and San Bernardino counties, including the Coachella Valley. For news, air quality alerts, event updates and more, please visit us at www.aqmd.gov, download our award-winning app, or follow us on FacebookX (formerly known as Twitter) and Instagram.

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SOURCE SOUTH COAST AQMD

LONGWOOD, Fla., Nov. 13, 2025 /PRNewswire/ — Waste Pro USA, Inc. (“Waste Pro”), a regional privately-held provider of non-hazardous waste collection, transfer, recycling and disposal services, announced today that it has completed the sale and issuance of $200,000,000 in aggregate principal amount of solid waste disposal revenue bonds in a three-state offering. The bond issuance consisted of the (i) $75,000,000 Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2025 (the “Florida Bonds”), (ii) $75,000,000 Louisiana Public Facilities Authority Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2025 (the “Louisiana Bonds”), and (iii) $50,000,000 Mississippi Business Finance Corporation Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project), Series 2025A (the “Mississippi Bonds” and, together with the Florida Bonds and the Louisiana Bonds, the “Series 2025 Bonds”).

The Series 2025 Bonds are guaranteed by certain subsidiaries of Waste Pro pursuant to guaranty agreements and as described in the indentures and loan agreements relating to each of the Series 2025 Bonds. The Florida Bonds were issued with an approximately five-year interest rate period ending July 1, 2030 at an interest rate of 4.450% and mature July 1, 2037. The Louisiana Bonds were issued with an approximately three-year interest rate period ending October 2, 2028 at an interest rate of 4.375% and mature May 1, 2053. The Mississippi Bonds were issued with an approximately two-year interest rate period ending August 2, 2027 at an interest rate of 4.375% and mature February 1, 2048.

“The financial stewardship of our privately-owned, family-run company provides a stable foundation for sustained, long-term growth. Over the last quarter century, our company has grown from a single truck in 2001 to a fleet of over 4,300 collection vehicles, 5,400 employees, and annual revenues exceeding $1.2 billion today,” said Sean Jennings, Chief Executive Officer of Waste Pro. “Our growth is fueled by nearly 300 exclusive municipal contracts and franchises, alongside more than three dozen strategic tuck-in acquisitions completed over the last two years. We continue to maintain a strong pipeline of opportunities that will further strengthen our market position and enhance operational performance throughout our southeastern footprint.”

“We are honored by the investment community’s continued confidence in Waste Pro’s financial strength and future growth strategy. Their trust reinforces our commitment to delivering sustainable value and disciplined growth,” added Cort Sabina, Chief Financial Officer of Waste Pro. “This transaction, which was significantly oversold, was broadly supported by over twenty new and existing institutional investors. Tax-exempt financings, such as the Series 2025 Bonds, serve as a cornerstone of Waste Pro’s capital structure with approximately $586.7 million in fixed-rate, tax-exempt bonds outstanding today.”

Barclays Capital Inc. served as senior manager and sole bookrunner, with BofA Securities, Inc. and J.P. Morgan Securities LLC serving as co-managers, for the Series 2025 Bonds. CTBH Partners LLC served as financial advisor to Waste Pro. Greenberg Traurig served as counsel to Waste Pro.

The Series 2025 Bonds were offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Series 2025 Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Series 2025 Bonds, nor shall there be any sale of the Series 2025 Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Waste Pro USA, Inc.

Waste Pro USA, Inc. is one of the country’s fastest-growing privately owned non-hazardous solid waste collection, recycling, processing and disposal companies, operating in ten southeastern states. Waste Pro serves more than 2.5 million residential and 50,000 commercial customers from 119 operating locations. Waste Pro is headquartered in Longwood, Florida, and maintains nearly 300 exclusive municipal contracts and franchises.

Safe Harbor Statement

Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by the context of the statements, including words such as Waste Pro “will,” “intends,” and other similar expressions. Among the forward-looking statements in this press release are statements regarding the offering and sale of the Series 2025 Bonds. All of these forward-looking statements are based on current expectations and estimates and management’s beliefs and assumptions. Waste Pro expressly disclaims any obligation to update such statements to reflect any change in its expectations whether as a result of new information, future events or otherwise, except as required.

Media Contact: Tracy Meehan
Communications Director
(407) 883-3791
tmeehan@wasteprousa.com

Investors
: Ryan LeBeau
Vice President of Finance
(407) 937-2675
rlebeau@wasteprousa.com

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SOURCE Waste Pro USA, Inc.

UBCF to distribute 160 therapeutic queen mattresses to patients and survivors, improving quality of life

LOUISVILLE, Ky., Nov. 13, 2025 /PRNewswire/ — United Breast Cancer Foundation (UBCF) is proud to announce its 7th consecutive year supporting breast cancer patients and survivors in the Louisville, Kentucky region. On Saturday, November 22, 2025, UBCF will host its free Mattress Giveaway at the Mall St. Matthews in Louisville, Kentucky. The event provides queen-size therapeutic mattresses at no cost to qualified and pre-approved recipients, offering comfort and relief to those affected by breast cancer.

Event Details:

  • Date: Saturday, November 22, 2025
  • Location: Mall St. Matthews, Louisville, KY
  • Recipients: Breast cancer patients and survivors (Kentucky residency not required)
  • Application process: https://ubcf.org/kentucky/

Gratitude to Local Partners

UBCF extends heartfelt thanks to Brookfield Properties for donating the event space at Mall St. Matthews, making this important community effort possible.

A special thank-you also goes to the Derby City Dragons, Louisville’s breast cancer survivor dragon boat team, for coordinating volunteers and lending their spirit of collaboration and teamwork to the event.

Why This Support Matters

Kentucky continues to face significant challenges when it comes to breast cancer:

  • Kentucky remains among the states with the highest overall cancer rates in the U.S., according to Advisory Board.
  • Breast cancer accounts for about 30% (or 1 in 3) of all new cancers diagnosed in women in the U.S. each year as reported by ACS.

For patients battling breast cancer, restorative sleep plays a crucial role in healing, recovery, and emotional health. By providing high-quality therapeutic mattresses, UBCF helps relieve one of the many burdens faced by survivors and those in treatment, allowing both patients and survivors to rest and recover more comfortably.

What recipients are saying

“I wanted to be sure I reached out to say thank you a million times for the amazing experience… The mattress is the best mattress I have ever had in my life.. Everything was amazing, especially the experience of being around others in a similar situation as myself. Thank you again and many blessings. ~ Kara”

“I wanted to… reach out directly and express how much it truly means to me to go to sleep more comfortably at night without the aches and pains I experienced before getting my new mattress.
The event was… a powerful reminder that kindness and support still exist in “abundance”. Receiving the gifts made me feel seen, supported, and genuinely cared for… With heartfelt appreciation, Alisa”

“I truly enjoyed this event. I could feel the love and support from everyone involved. The mattress has made a very big difference in my sleep. I truly want to thank everyone involved and pray God’s Blessings upon each of you for the wonderful work that you do. ~ Melissa”

Through distribution events like the UBCF Mattress Giveaway, United Breast Cancer Foundation continues to bring hope, comfort, and tangible relief to individuals and families navigating the challenges of breast cancer. Each mattress provided represents more than just a gift – it’s a message of care, compassion, and community support that empowers survivors and patients to rest easier and recover with renewed strength.

About United Breast Cancer Foundation

United Breast Cancer Foundation is a non-profit founded in 2000 with a mission to make a positive difference in the lives of those affected by breast cancer. UBCF is committed to gifting helpful and supportive donated items, providing financial grants to those in need, and funding breast health and wellness services focused on education, screening, treatment, recovery, overall wellness, and beyond. The platinum rated, 4-star charity offers numerous life-supporting patient and family programs available to women, men, and families nationwide. Tax-deductible contributions (consult your tax advisor) may be made towards UBCF’s mission and programs. UBCF accepts contributions through Donor Advised Funds as well as vehicle and property donations. Learn more https://ubcf.org/

For more information or to apply for the Louisville Mattress Giveaway, visit: https://ubcf.org/kentucky/

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SOURCE United Breast Cancer Foundation

Originally published on 3M News Center

As the world looks for reliable, renewable sources of energy, geothermal power is heating up. In fact, companies and communities are tapping it to provide both electricity and district heating, offering a steady source of clean energy that operates around the clock.

With global installed capacity exceeding 15 billion watts of power for electricity and direct-use applications for heating expanding worldwide, the sector has grown steadily in recent years and the International Energy Agency predicts that geothermal could meet up to 15% of global electricity demand growth by 2050. However, much of its potential remains untapped, requiring continued innovation and investment to be fully scaled.

“Geothermal is one of the most promising frontiers in clean energy, but it comes with some of the toughest material challenges,” said Amy McLaughlin, president at 3M Advanced Materials and Transportation Product Platforms. “At 3M, we are committed to applying our materials science expertise to create solutions that withstand extreme heat and pressure, further helping our customers’ geothermal systems to deliver reliable performance at scale.”

One of the most pressing challenges in next-generation geothermal is the harsh environment deep underground, where extreme heat threatens to damage sensitive electronics and equipment. To combat this, 3M is applying its technologies to help its customers safeguard their tools and potentially extend their products’ lifespan, reducing their costly downtime and increasing their efficiency. For example:

  • 3M™ Glass Bubbles are high-strength hollow microspheres with low thermal conductivity and density, anticipated to be ideal for thermal and density management applications. They can enhance the thermal insulation properties of composites and may help maintain well control while drilling and cementing new wellbores.
  • 3M™ Hydrodynamic Thrust Bearings are engineered to withstand high temperatures, load environment and minimize misalignment, thereby enhancing the customers’ product durability and reliability in both downhole and surface pump equipment
  • 3M™ Nextel™ Ceramic Fibers can help deliver corrosion resistance and high-temperature performance, providing strength and stability while potentially reducing maintenance costs.
  • 3M™ Silicon Carbide Sliding Bearings: Offer tribological performance under high load including pressure, sliding speed, and temperature.

Together, these 3M innovations are helping geothermal operators optimize their performance in some of the harshest conditions and bringing materials science expertise into one of the most promising and challenging markets of the energy economy, helping to build a cleaner, more dependable global energy future.

Colossal unveils the funds raised and the winner of the Face of Halloween competition while helping deliver toys to hospitalized kids.

PHOENIX, Nov. 13, 2025 /PRNewswire/ — The nonprofit Starlight Children’s Foundation and professional fundraiser Colossal celebrated the results of their Face of Halloween competition, which raised $3.2 million during a holiday celebration at Banner Children’s at Thunderbird Medical Center in Glendale.

 

Colossal also announced the winner of the Face of Halloween, Ollie Graves, a scary movie fan who loves all things spooky. Graves will be awarded $13,000 and a meet-and-greet with the original “Scream Queen” Jamie Lee Curtis and fellow slasher film vets, Matthew Lillard of “Scream” and Kane Hodder, aka Jason Voorhees.

Mary Hagen, Colossal CEO, shared how the competition benefits Starlight and what it was like to deliver happiness to hospitalized kids. “Through public voting, we’re also raising awareness for Starlight Children’s Foundation as we narrow down to our champion. There’s really nothing like it when you get to have this tangible impact. We raise the funds, but we don’t always get the opportunity to get hands-on, so it’s really an exceptional experience to see the impact of the dollars we’ve raised through the competition.” 

Starlight CEO, Adam Garone, reflected on the partnership with Colossal. “One of the most important days for children is Halloween, so this campaign raising $3.2 million for us will go so far in delivering more of our programs to kids for the holiday and throughout the rest of the year. To all the voters and participants in the Face of Halloween, your donations will have an incredible impact on the amount of children that we are able to support through Starlight programs.”

Starlight Children’s Foundation offers programs, like Toy Deliveries and Hospital Gowns, free of charge, to its hospital partners nationwide, including Banner Children’s at Thunderbird, to help unleash the power of play, an essential part of childhood. Play provides pediatric patients with positive distraction and moments of happiness while temporarily setting aside the challenges of medical procedures, treatments, and conditions. Studies have shown that engaging in play can contribute to patients’ well-being and potentially contribute to a speedy recovery. 

“We’re incredibly grateful for organizations like Starlight and Colossal for everything they do to help make our young patients’ times in the hospital a bit less scary,” said Nikki Hardin, nursing director at Banner Children’s at Thunderbird. “Seeing the joy on kids’ faces during events like reverse trick-or-treating and toy deliveries is a testament to the impact made for our pediatric patients and their families.”

This marks the second year that Starlight Children’s Foundation has been the beneficiary of a Colossal competition. Face of Halloween highlights the power of community and fandoms as Halloween fans everywhere participated and voted for their favorites to become the Face of Halloween. 

About Starlight Children’s Foundation
Hospital stays can be lonely, stressful, and scary. That’s why Starlight exists. Founded in 1982, Starlight Children’s Foundation is a 501(c)3 organization that aims to deliver happiness to seriously ill children and their families through vital programs that impact millions of kids annually. Donor-funded and offered free of charge to hospitals and families, Starlight programs unleash the power of play, empowering kids with a renewed sense of optimism, resilience, and courage. Starlight is a top-rated charity committed to the equitable allocation of programs to its nationwide hospital network. Healing begins with happiness™. Learn more at starlight.org and follow Starlight on social media @starlightchildrensfoundation.

About Colossal
Colossal is a nationally registered professional fundraiser that inspires people to advocate for themselves and those in need. Through online competitions like Face of Halloween, participants have the opportunity to make their mark while also making a big impact. Colossal competitions serve as fundraising campaigns for DTCare, a United States 501(c)(3) public charity organization, which then grants donation funds to specified charities at the completion of the competitions. Learn more at colossal.org. Who’s Next?

Media Contact:
Anne Pritchett
pr@colossal.org

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SOURCE Colossal

MEXICO CITY, Nov. 13, 2025 /PRNewswire/ — Fortem Capital, a leading real-estate fund manager, announced that the U.S. Green Building Council (USGBC) recognized one of its urban developments during the Greenbuild International Conference & Expo held last week in Los Angeles, California, as the first project in Mexico to achieve the LEED for Communities: Plan and Design v4.1 certification level Gold.

This milestone positions Fortem Capital’s investment model as a regional benchmark in Latin America, built on a transversal vision that aligns financial performance with social and environmental impact throughout the real-estate investment cycle.

Located in the metropolitan area of Mexico City, the 88.5-acre mixed-use community integrates residential, multifamily, and commercial areas, along with over 807,000 square feet of public parks. Conceived under comprehensive planning principles, the project reflects Fortem Capital’s transversal vision of creating investments that deliver economic, social, and environmental value that endures over time.

Ignacio García de Quevedo, Managing Director of Fortem Capital, stated:

“Real-estate investment must create lasting value—economic, environmental, and social. This certification validates our commitment to an integrated investment model that drives responsible development and enhances community well-being.”

The development features a zero-discharge water system with two treatment plants that recycle 100 percent of the water used for irrigation and supply, along with LED lighting, fiber-optic connectivity, and independent drainage systems that consolidate a modern and environmentally responsible urban model.

Bernardo Fernández Cueto, Executive Director of Latitud 23 Developments, added:

“This milestone shows that when a transversal vision guides every decision from the start, new standards become possible. Our goal is to create communities that meet real housing needs while generating value for people, the environment, and cities.”

The participation of institutional investors played a key role in strengthening an investment model that advances responsible real-estate development and positions Mexico as a regional leader in the adoption of international sustainability standards.

Miguel Sánchez Navarro, Chairman of Fortem Capital, noted that this achievement reflects the strength of the group’s vertically integrated platform:

“Fortem Capital brings together investment management and development under one strategic vision. This integration ensures alignment between institutional capital and execution, delivering consistent performance and enduring value.”

Fortem Capital remains committed to its integrated investment model, guided by the principle of Building Value in Every Investment, recognizing that true value arises from the balance between economic performance, environmental responsibility, and social impact.

About Fortem Capital

Fortem Capital is a real estate fund manager with over US$750 million in capital raised across public and private vehicles. Fortem focuses on high-conviction investments in the hospitality, residential, and industrial sectors throughout Mexico. Backed by a vertical integrated platform with deep local expertise and institutional discipline, Fortem Capital sources, structures, and operates projects that create long-term value. Since 2024, the firm has been a proud signatory of the Principles for Responsible Investment (PRI), reflecting its enduring commitment to Transparency, Integrity, Responsibility, Teamwork, and Commitment with Sustainability.

About Latitud 23 Developments

Latitud 23 Developments is a leading real estate developer focused on hospitality, residential, and industrial projects across Mexico. Through collaboration with local partners, Latitud 23 has developed over 2.5 million sqm of land and more than 300,000 sqm of built space, establishing an authentic, sustainable, and place-driven development model. Its diversified portfolio includes two lifestyle hotels, 1.2 million sqm of residential communities encompassing more than 2,740 homes, and 1.2 million sqm of urbanized industrial land. Inspired by the 23° North latitude—where the land meets the sea— Latitud23 embodies the harmony between place, design, and purpose, creating spaces that endure and reflect the essence of their surroundings.

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SOURCE Fortem Capital

Sustainability leaders from around the world gathered at the Greenbuild International Conference & Expo in Los Angeles to explore how data, design, and collaboration can accelerate the shift toward low-carbon, circular, and health-focused built environments.

This year’s event focused on the intersection of materials innovation, emissions reduction, and human health — priorities that align closely with Cascale’s mission to drive equitable and restorative business practices across the consumer goods industry.

In September, Cascale acquired the tools of the Sustainable Furnishings Council (SFC), the only industry-wide member organization dedicated to advancing sustainability in home furnishings. Rachel Lincoln Sarnoff, Cascale communications director, and Scarlette Tapp, executive director at SFC, attended the conference as well as Greenbuild’s Women in Green luncheon.

Sponsored by the Sustainable Forestry Initiative (SFI) – a nonprofit that supports sustainable forest management – the luncheon featured a keynote by Annie Perkins, senior director, green building and supply chain at SFI. It also included a presentation by Jothsna Harris, founder of Change Narrative, who moderated a panel that included Christine Marez, senior vice president, Sustainability & ESG, Cumming Group; Kris Larson, assistant chief of the Los Angeles Fire Department; and Clove Galilee, community engagement coordinator at the Office of Sustainability and the Environment for the City of Santa Monica.

Participation at Greenbuild underscores Cascale’s commitment to connecting industries that share similar value-chain challenges and opportunities — from apparel to furniture and beyond. By fostering these cross-sector conversations, Cascale and SFC continue to strengthen collaboration, scale credible measurement, and support innovation that delivers measurable environmental and social impact.

LOS ANGELES, Nov. 13, 2025 /PRNewswire/ — Cadiz Inc. (NASDAQ: CDZI / CDZIP) (the “Company,” or “Cadiz”) today issued the following statement from Chairman and Chief Executive Officer Susan Kennedy following the filing of the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2025 to provide highlights, updates on key milestones and priorities for Q4 2025 and FY 2026.

2025 has been a watershed year for Cadiz. We achieved several critical milestones in the third quarter that position us to end the year on track and make 2026 the biggest year in the Company’s history.

Highlights:


Mojave Groundwater Bank Project Development Milestones

  • Secured the first tranche of construction financing through a strategic partnership with the Lytton Rancheria of California, a federally recognized Native American tribe. Lytton’s $51 million investment represents the initial phase of project funding for the Mojave Groundwater Bank and will convert into an ownership interest in Mojave Water Infrastructure Company (MWI) — the newly-formed LLC established by Cadiz to finance, construct and own the Company’s pipeline and storage assets. Lytton’s investment (in the form of an unsecured convertible loan as the first step in a two-step process) will convert into equity interest in MWI alongside other investors with the execution of project financing agreements expected to be completed in Q4. (Details of Lytton’s investment are provided in our Current Report on Form 8-K filed on October 28, 2025 and our Form 10Q for Q3 2025 filed today.)
  • Executed a Memorandum of Understanding (MOU) for the purchase and sale of 25,000 AFY of water supply via the Southern Pipeline with Arizona’s largest private water utility, EPCOR. Under a definitive agreement expected to be finalized by early 2026, EPCOR would also contribute capital toward construction of the Southern Pipeline system, a portion of which will be dedicated to delivery of water into the Colorado River Aqueduct for the benefit of their Arizona off-takers.
  • Executed a MOU with the U.S. Bureau of Reclamation / Department of Interior to support development of the Mojave Groundwater Bank and identify opportunities for water augmentation to the Colorado River. Negotiations have stalled among Colorado River Basin states on new water sharing rules, and the pressure is increasing to find solutions to address long-term supply shortages on the Colorado River. We believe we are extremely well positioned to provide valuable water supply, storage, treatment and conveyance solutions across the Southwest.
  • Received approval of an Addendum to our permit for operation of the Northern pipeline. The Addendum, which included extensive environmental analysis on conversion of the NPL for water conveyance was approved by the Fenner Valley Water Authority (FVWA) in September 2025 without objection. The Addendum will be added to the record before the Bureau of Land Management in the federal right of way process for the Northern Pipeline which is anticipated to wrap up in the next 8 weeks.
  • Entered final stages of diligence with private infrastructure investors for up to $400 million in equity capital in MWI to fund construction of the Mojave Groundwater Bank. Completion of diligence and satisfaction of conditions for initial closing are expected in Q4. Although the delay in completion of certain closing conditions (and the “domino effect” of the government shut down) pushed us back a few weeks, we anticipated these potential delays and that is one reason we structured the two-step process with Tribal investors coming in first. This initial funding from Lytton will allow us to stay on track for construction in 2026.


ATEC Water Systems Performance

The ATEC Water Systems subsidiary continues to demonstrate strong growth. Year-to-date, ATEC has shipped 308 filtration systems—more than double the volume achieved in 2024 – including delivery of our largest project ever completed for the Central Utah Water Conservancy District.

  • Revenue hit $4.0 million in Q3 2025 as compared to $2.8 million in Q3 2024, a 42% increase year-over-year.
  • Year-to-date revenue for ATEC reached $10.1 million for the first nine months of 2025 as compared to $3.5 million in the first nine months of 2024.
  • Gross margin in Q3 2025 was approximately 50%, up from 32% in the prior year, reflecting production efficiencies and scale.
  • Q3 2025 was the second consecutive quarter of operating profit for ATEC, confirming strong market adoption and operational efficiencies.


Hydrogen Development at Cadiz Ranch Moving Forward

Hydrogen development at Cadiz Ranch continues with the strong support of local leaders. The final version of the One Big Beautiful Bill Act (“BBB”) that passed in July had some last-minute changes that positively impacted the clean hydrogen production credit (45V). RIC Development LLC is now in the development phase for up to 3,000 acres of solar to support green hydrogen production and is expecting to submit local, state and federal environmental permitting documents in early 2026.


Financial Summary

Total company revenue reached $11.2 million for the nine months ending September 30, 2025, up 131% year-over-year, as a result of the contributions from ATEC.

  • Total revenue: $4.1 million in Q3 2025 as compared to $3.2 million in Q3 2024.
  • Operating loss: $4.9 million in Q3 2025 as compared to $4.8 million in Q3 2024.
  • Net loss: $7.1 million in Q3 2025 as compared to $6.8 million in Q3 2024.
  • Cash used in operations: $12 million in the first nine months of 2025, down from $15.3 million in the first nine months of 2024 primarily due to ATEC performance.
  • Balance Sheet information as of September 30, 2025:
    • Current assets: $11.8 million.
    • Stockholders’ equity: $27.7 million.
    • Total Long-Term Debt, net: $60.3 million of which $40.4 million is convertible into common shares, maturity date of June 30, 2027.
    • Common shares outstanding: 82,025,586


Outlook

Cadiz enters the final quarter of 2025 well-positioned to unlock long-term recurring cash flows and deliver sustainable shareholder value as we finally enter the construction phase on our major water supply and storage projects.


About Cadiz, Inc.

Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access. For more information, please visit https://www.cadizinc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “would,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” These forward-looking statements include, but are not limited to, expectations regarding project financing activities and the use and conversion of proceeds from the Lytton investment; anticipated terms, timing and structure of additional capital raises for the Mojave Groundwater Bank and related infrastructure; expected development and regulatory progress for the Company’s water storage, conveyance and supply projects, including anticipated agreements and approvals involving prospective partners and governmental agencies, as well as expected progress related to its emerging initiatives, including hydrogen development. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company’s forward-looking statements include risks and uncertainties and other factors described in the Company’s SEC filings including its annual report on Form 10-K for the year ended December 31, 2024 and subsequent Exchange Act and Securities Act filings. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law

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SOURCE Cadiz, Inc.

Complimentary Webinar: Understanding the Latest Recycler Requirements Under the Association of Plastic Recyclers’ New PCR-101

Wednesday, November 19th at 10:00AM PST – 11:00AM PST

Register Now

With the publication of the new Post-consumer Recycled Content (PCR) 101 requirements by the Association of Plastic Recyclers (APR), SCS is hosting this webinar to help recyclers navigate the key changes and understand their implications. This session will provide a breakdown of the PCR-101 requirements, highlight differences in the assessment and documentation process, and introduce the Dual Certification pathway for both Recycled Content and PCR-101.

Join Youssra Elkhatib, SCS’ Program Manager for Circular Materials and Rita Phillip, Program Director for PCR Certification at APR as they discuss the following:

  1. Overview of Dual Certification: SCS-103 & PCR-101
  2. Key Recycler Requirements under PCR-101: Understand compliance and eligibility criteria for recyclers
  3. Audit Process and Documentation Updates: Explore the revised auditing procedures and the documentation needed to meet the new standard

A live Q&A session will follow the discussion.

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