Tag: GlobeNewswire

HAUPPAUGE, N.Y., Oct. 02, 2026 (GLOBE NEWSWIRE) — Orbit International Corp. (OTCID Basic Market:ORBT), an electronics manufacturer and software solutions provider, announced today that it has closed on a new revolving line of credit with an asset-based lender. The new line of credit provides for up to $6,000,000 in financing subject to borrowing base availability. At the closing, approximately $4,539,000 was drawn down by the Company under its new line of credit to satisfy the balance owed under its previous line of credit with M&T Bank.

The Company also announced the successful completion of a $4,075,000 private placement led by its largest shareholder, Elkhorn Partners L.P. The private placement included the issuance of 1,630,000 shares of common stock at $2.50 per share. The Company intends to use the additional capital from the private placement for working capital purposes, including litigation-related expenses and to pay down debt under its new revolving line of credit. The Company may also use the proceeds to support growth opportunities it is currently pursuing.

Mitchell Binder, President and CEO of Orbit International Corp. commented, “We are pleased to have closed on a new $6,000,000 line of credit with Merchant Financial Corporation and equally pleased to have completed a private placement valued at $4,075,000. The proceeds from the private placement have significantly strengthened our balance sheet and combined with the additional borrowing availability under our line of credit have substantially enhanced our liquidity.”

Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, NY and Carson, CA. Orbit’s Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit’s operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit’s reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

CONTACT
David Goldman
Chief Financial Officer
631-435-8300

HAUPPAUGE, N.Y., Oct. 02, 2026 (GLOBE NEWSWIRE) — Orbit International Corp. (OTCID Basic Market:ORBT), an electronics manufacturer and software solutions provider, announced today that it has closed on a new revolving line of credit with an asset-based lender. The new line of credit provides for up to $6,000,000 in financing subject to borrowing base availability. At the closing, approximately $4,539,000 was drawn down by the Company under its new line of credit to satisfy the balance owed under its previous line of credit with M&T Bank.

The Company also announced the successful completion of a $4,075,000 private placement led by its largest shareholder, Elkhorn Partners L.P. The private placement included the issuance of 1,630,000 shares of common stock at $2.50 per share. The Company intends to use the additional capital from the private placement for working capital purposes, including litigation-related expenses and to pay down debt under its new revolving line of credit. The Company may also use the proceeds to support growth opportunities it is currently pursuing.

Mitchell Binder, President and CEO of Orbit International Corp. commented, “We are pleased to have closed on a new $6,000,000 line of credit with Merchant Financial Corporation and equally pleased to have completed a private placement valued at $4,075,000. The proceeds from the private placement have significantly strengthened our balance sheet and combined with the additional borrowing availability under our line of credit have substantially enhanced our liquidity.”

Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, NY and Carson, CA. Orbit’s Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.

Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit’s operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit’s reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

CONTACT
David Goldman
Chief Financial Officer
631-435-8300

Acquisition deepens StoneX Supply & Trading’s physical coffee business with direct access to one of the world’s premier coffee producing countries

NEW YORK, Oct. 02, 2026 (GLOBE NEWSWIRE) — StoneX Group Inc. (NASDAQ: SNEX) today announced that it has signed a definitive agreement to acquire Integra Trading S.A.S. (“Integra”), a coffee trader, exporter, and bean processor with extensive capabilities in Colombia. The acquisition will be made through StoneX’s Switzerland-based trading entity and integrated into the StoneX Supply & Trading physical commodities business.

Founded in 2015 and led by Manuel Rueda, Integra operates a certified processing mill near Medellín in the Antioquia region. The company holds several internationally recognized quality, food-safety, and sustainability certifications, including Organic, Rainforest Alliance, Fair Trade USA, Fair Trade International, 4C, Colombia’s Protected Geographical Indication (IGP), and U.S. FSMA compliance.

The combination is expected to be immediately accretive, and will accelerate growth by connecting Integra’s origination and milling capabilities to StoneX’s global client base, risk-management platform, and financial resources.   The transaction strengthens StoneX’s position in the global coffee market by expanding its direct origination and processing footprint in a key coffee-producing country, increasing access to high-quality Arabica coffees, and creating a more integrated platform from origin to end market. Together, these capabilities are expected to support higher volumes, enhance margins, and strengthen StoneX’s ability to deliver value across the global coffee supply chain.

Brent Grecian, CEO of StoneX Supply and Trading commented:

“Integra gives StoneX a “boots on the ground” presence at origin in Colombia, a licensed exporter, an owned processing mill, and a team with deep grower relationships. It’s a natural extension of our physical coffee business, and it’s expected to contribute from day one while giving our clients a more direct, traceable, and sustainable supply chain.”

Manuel Rueda, Founder of Integra said:

“Joining StoneX gives our business the capital, platform, and global reach to grow well beyond what we could achieve on our own. We’re keeping our team and our origination model intact while gaining direct access to end-user clients around the world.”

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The company strives to be its clients’ trusted partner, providing its network, products, and services to help them pursue business opportunities, manage market risks, make informed investment decisions, and improve their business performance.

A Fortune 50 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its more than 5,200 employees serve over 80,000 commercial, institutional, and payments clients, as well as more than 260,000 retail accounts, across more than 80 offices on six continents. Further information is available at www.stonex.com.

About Integra Trading

Founded in 2015 by Manuel Rueda, Integra Trading is a Colombia-focused coffee company with more than 15 years of industry experience and a Miami-based sales hub. The company has a state-of-the-art coffee processing and storage facility near the Medellín region. The facility holds Organic, Fair Trade and Rainforest Alliance certifications, supporting traceability and international quality standards.

Media Inquiries: media@stonex.com

SNEX-G

Acquisition deepens StoneX Supply & Trading’s physical coffee business with direct access to one of the world’s premier coffee producing countries

NEW YORK, Oct. 02, 2026 (GLOBE NEWSWIRE) — StoneX Group Inc. (NASDAQ: SNEX) today announced that it has signed a definitive agreement to acquire Integra Trading S.A.S. (“Integra”), a coffee trader, exporter, and bean processor with extensive capabilities in Colombia. The acquisition will be made through StoneX’s Switzerland-based trading entity and integrated into the StoneX Supply & Trading physical commodities business.

Founded in 2015 and led by Manuel Rueda, Integra operates a certified processing mill near Medellín in the Antioquia region. The company holds several internationally recognized quality, food-safety, and sustainability certifications, including Organic, Rainforest Alliance, Fair Trade USA, Fair Trade International, 4C, Colombia’s Protected Geographical Indication (IGP), and U.S. FSMA compliance.

The combination is expected to be immediately accretive, and will accelerate growth by connecting Integra’s origination and milling capabilities to StoneX’s global client base, risk-management platform, and financial resources.   The transaction strengthens StoneX’s position in the global coffee market by expanding its direct origination and processing footprint in a key coffee-producing country, increasing access to high-quality Arabica coffees, and creating a more integrated platform from origin to end market. Together, these capabilities are expected to support higher volumes, enhance margins, and strengthen StoneX’s ability to deliver value across the global coffee supply chain.

Brent Grecian, CEO of StoneX Supply and Trading commented:

“Integra gives StoneX a “boots on the ground” presence at origin in Colombia, a licensed exporter, an owned processing mill, and a team with deep grower relationships. It’s a natural extension of our physical coffee business, and it’s expected to contribute from day one while giving our clients a more direct, traceable, and sustainable supply chain.”

Manuel Rueda, Founder of Integra said:

“Joining StoneX gives our business the capital, platform, and global reach to grow well beyond what we could achieve on our own. We’re keeping our team and our origination model intact while gaining direct access to end-user clients around the world.”

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The company strives to be its clients’ trusted partner, providing its network, products, and services to help them pursue business opportunities, manage market risks, make informed investment decisions, and improve their business performance.

A Fortune 50 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its more than 5,200 employees serve over 80,000 commercial, institutional, and payments clients, as well as more than 260,000 retail accounts, across more than 80 offices on six continents. Further information is available at www.stonex.com.

About Integra Trading

Founded in 2015 by Manuel Rueda, Integra Trading is a Colombia-focused coffee company with more than 15 years of industry experience and a Miami-based sales hub. The company has a state-of-the-art coffee processing and storage facility near the Medellín region. The facility holds Organic, Fair Trade and Rainforest Alliance certifications, supporting traceability and international quality standards.

Media Inquiries: media@stonex.com

SNEX-G

Management to Hold One-on-One Meetings with Institutional Investors at the Hard Rock Hotel New York

GAITHERSBURG, Md., Oct. 02, 2026 (GLOBE NEWSWIRE) — 20/20 BioLabs, Inc. (Nasdaq: AIDX) (the “Company”), an early market entrant in AI-powered, laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases, today announced that President and Chief Executive Officer Jonathan Cohen and Chief Financial Officer Alan Bergman will participate in the Maxim Growth Summit 2026, being held October 13 and 14, 2026 at the Hard Rock Hotel New York. The Summit’s healthcare program takes place Wednesday, October 14.

Mr. Cohen and Mr. Bergman will hold one-on-one meetings with institutional investors at the Summit and in additional meetings scheduled in New York that week.

Maxim Growth Summit 2026
Dates: October 13 and 14, 2026; healthcare program Wednesday, October 14
Location: Hard Rock Hotel New York, 159 West 48th Street, New York, NY 10036
Format: One-on-one investor meetings
Attendees: President and Chief Executive Officer Jonathan Cohen; Chief Financial Officer Alan Bergman
Conference Website: Click here

To schedule a one-on-one meeting with management at the Maxim Growth Summit or in New York that week, please contact your Maxim Group representative, email AIDX@mzgroup.us, or call Chris Tyson at (949) 491-8235.

About 20/20 BioLabs

20/20 BioLabs, Inc. (Nasdaq: AIDX) develops and commercializes AI-powered, laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases. The Company offers two families of lab tests under the OneTest brand. OneTest™ for Cancer is a multi-cancer early detection, or MCED, blood test, and OneTest™ for Longevity measures inflammatory biomarkers and is commercially available. OneTest’s affordable, accurate, accessible tests can be conveniently utilized at home using new, upper-arm capillary collection devices that avoid painful needles. Tests are run in the Company’s College of American Pathologists (CAP) accredited, Clinical Laboratory Improvement Amendments (CLIA) licensed laboratory in Gaithersburg, Maryland.

For more information visit https://2020biolabs.com.

Investor Relations
Chris Tyson
MZ Group
Direct: 949-491-8235
AIDX@mzgroup.us

Management to Hold One-on-One Meetings with Institutional Investors at the Hard Rock Hotel New York

GAITHERSBURG, Md., Oct. 02, 2026 (GLOBE NEWSWIRE) — 20/20 BioLabs, Inc. (Nasdaq: AIDX) (the “Company”), an early market entrant in AI-powered, laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases, today announced that President and Chief Executive Officer Jonathan Cohen and Chief Financial Officer Alan Bergman will participate in the Maxim Growth Summit 2026, being held October 13 and 14, 2026 at the Hard Rock Hotel New York. The Summit’s healthcare program takes place Wednesday, October 14.

Mr. Cohen and Mr. Bergman will hold one-on-one meetings with institutional investors at the Summit and in additional meetings scheduled in New York that week.

Maxim Growth Summit 2026
Dates: October 13 and 14, 2026; healthcare program Wednesday, October 14
Location: Hard Rock Hotel New York, 159 West 48th Street, New York, NY 10036
Format: One-on-one investor meetings
Attendees: President and Chief Executive Officer Jonathan Cohen; Chief Financial Officer Alan Bergman
Conference Website: Click here

To schedule a one-on-one meeting with management at the Maxim Growth Summit or in New York that week, please contact your Maxim Group representative, email AIDX@mzgroup.us, or call Chris Tyson at (949) 491-8235.

About 20/20 BioLabs

20/20 BioLabs, Inc. (Nasdaq: AIDX) develops and commercializes AI-powered, laboratory-based blood tests for the early detection and prevention of cancers and chronic diseases. The Company offers two families of lab tests under the OneTest brand. OneTest™ for Cancer is a multi-cancer early detection, or MCED, blood test, and OneTest™ for Longevity measures inflammatory biomarkers and is commercially available. OneTest’s affordable, accurate, accessible tests can be conveniently utilized at home using new, upper-arm capillary collection devices that avoid painful needles. Tests are run in the Company’s College of American Pathologists (CAP) accredited, Clinical Laboratory Improvement Amendments (CLIA) licensed laboratory in Gaithersburg, Maryland.

For more information visit https://2020biolabs.com.

Investor Relations
Chris Tyson
MZ Group
Direct: 949-491-8235
AIDX@mzgroup.us

Solidion Proposal is Not in the Best Interests of Flux Shareholders

VISTA, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) — Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today announced that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding acquisition proposal (the “Proposal”) announced by Solidion Technology, Inc. (NASDAQ: STI) (“Solidion”) on September 30, 2026.

We can appreciate why there is interest by Solidion in acquiring the Company. However, after a comprehensive review, conducted in consultation with its legal advisors, the Board concluded that the Proposal substantially undervalues Flux Power and is not in the best interests of the Company and its shareholders.

Flux Power’s management team is focused on executing its strategy to reposition the Company toward a path to profitability, supported by several factors:

• Transforming the business: With the new management team, Flux Power has implemented extensive changes expected to benefit the Company in FY 2027 and beyond. It has lowered product and operating costs and improved operating efficiencies, significantly enhanced its supply chain to improve margins, refreshed its sales leadership team, expanded OEM relationships, and launched aggressive new marketing programs aimed at diversifying its customer base.
• Early momentum: In the 2026 fiscal fourth quarter, the Company reduced operating expenses by 33% over the 2025 fiscal fourth quarter; achieved certification with a new major OEM, increasing its addressable market within electric material handling; and made a significant platform leap with the launch of AI-driven SkyEMS® 3.0, further positioning Flux Power as a differentiated technology provider.
• New avenues for growth: Flux Power has developed – and is currently executing – a strategy to leverage its S series as an anchor product to approach new OEMs and dealership networks by providing unique white label solutions for their use cases, offering new avenues for accelerated, predictable growth. As announced in the 2026 fiscal fourth quarter, Flux Power has entered a new vertical, Robotics, in collaboration with a large global technology company, with clear visibility into potential future demand.
• Growing market demand: As macroeconomic headwinds ease, Flux Power expects to capitalize on growing pent-up demand for its products. The Company believes lithium-ion will become the dominant battery technology in the coming years as Flux Power continues to build a scalable framework to capture this potentially significant market opportunity.

With a leaner cost structure and headcount and refreshed leadership team, Flux Power believes it is well positioned to deliver renewed growth and accelerate its path toward profitability as economic conditions improve. In addition, the Board is currently evaluating potential financing paths and strategic partnerships to ensure the Company has the financial flexibility necessary to continue executing its operating strategy.

About Flux Power
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

Forward Looking Statements

This release contains “forward-looking statements” relating to Flux Power’s business, that are often identified using “believes,” “expects” or similar expressions. Forward-looking statements include, but are not limited to, statements regarding the expected benefits of Flux Power’s changes to its operations, the future dominance of lithium-ion battery technology and the resulting market opportunity, Flux Power’s growth, addressable market and profitability expectations and Flux Power’s ability to capitalize on pent-up market demand. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s ability to amend the terms of its agreement with Gibraltar Business Capital, LLC and Flux Power’s continued access to its credit facility thereunder; Flux Power’s ability to secure sufficient funding to support its current and proposed operations; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to regain compliance with and continue to meet the continued listing standards of the Nasdaq Stock Market; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with both peers and larger companies with far greater resources than it; Flux Power’s ability to reduce production costs of its product line through new designs, manufacturing and supply arrangements; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Qs and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:
Blog: Flux Power Blog
News Flux Power News
Twitter: @Flux__Power
LinkedIn: Flux Power

Contacts

Media:
media@fluxpower.com
info@fluxpower.com

External Investor Relations:
Leanne Sievers
Shelton Group
flux-ir@sheltongroup.com

Solidion Proposal is Not in the Best Interests of Flux Shareholders

VISTA, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) — Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today announced that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding acquisition proposal (the “Proposal”) announced by Solidion Technology, Inc. (NASDAQ: STI) (“Solidion”) on September 30, 2026.

We can appreciate why there is interest by Solidion in acquiring the Company. However, after a comprehensive review, conducted in consultation with its legal advisors, the Board concluded that the Proposal substantially undervalues Flux Power and is not in the best interests of the Company and its shareholders.

Flux Power’s management team is focused on executing its strategy to reposition the Company toward a path to profitability, supported by several factors:

• Transforming the business: With the new management team, Flux Power has implemented extensive changes expected to benefit the Company in FY 2027 and beyond. It has lowered product and operating costs and improved operating efficiencies, significantly enhanced its supply chain to improve margins, refreshed its sales leadership team, expanded OEM relationships, and launched aggressive new marketing programs aimed at diversifying its customer base.
• Early momentum: In the 2026 fiscal fourth quarter, the Company reduced operating expenses by 33% over the 2025 fiscal fourth quarter; achieved certification with a new major OEM, increasing its addressable market within electric material handling; and made a significant platform leap with the launch of AI-driven SkyEMS® 3.0, further positioning Flux Power as a differentiated technology provider.
• New avenues for growth: Flux Power has developed – and is currently executing – a strategy to leverage its S series as an anchor product to approach new OEMs and dealership networks by providing unique white label solutions for their use cases, offering new avenues for accelerated, predictable growth. As announced in the 2026 fiscal fourth quarter, Flux Power has entered a new vertical, Robotics, in collaboration with a large global technology company, with clear visibility into potential future demand.
• Growing market demand: As macroeconomic headwinds ease, Flux Power expects to capitalize on growing pent-up demand for its products. The Company believes lithium-ion will become the dominant battery technology in the coming years as Flux Power continues to build a scalable framework to capture this potentially significant market opportunity.

With a leaner cost structure and headcount and refreshed leadership team, Flux Power believes it is well positioned to deliver renewed growth and accelerate its path toward profitability as economic conditions improve. In addition, the Board is currently evaluating potential financing paths and strategic partnerships to ensure the Company has the financial flexibility necessary to continue executing its operating strategy.

About Flux Power
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling and airport ground support equipment (GSE). Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

Forward Looking Statements

This release contains “forward-looking statements” relating to Flux Power’s business, that are often identified using “believes,” “expects” or similar expressions. Forward-looking statements include, but are not limited to, statements regarding the expected benefits of Flux Power’s changes to its operations, the future dominance of lithium-ion battery technology and the resulting market opportunity, Flux Power’s growth, addressable market and profitability expectations and Flux Power’s ability to capitalize on pent-up market demand. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, forward-looking statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: Flux Power’s ability to amend the terms of its agreement with Gibraltar Business Capital, LLC and Flux Power’s continued access to its credit facility thereunder; Flux Power’s ability to secure sufficient funding to support its current and proposed operations; Flux Power’s ability to continue as a going concern; Flux Power’s ability to meet projected revenue targets and generate sufficient cash from operations; Flux Power’s ability to regain compliance with and continue to meet the continued listing standards of the Nasdaq Stock Market; the impact of tariffs on Flux Power’s ability to cost-effectively source battery packs and materials used in its products; Flux Power’s ability to obtain raw materials and other supplies for its products at existing or competitive prices and on a timely basis; Flux Power’s anticipated growth strategies and its ability to manage the expansion of its business operations effectively; Flux Power’s ability to maintain or increase its market share in the competitive markets in which it does business; Flux Power’s ability to grow its revenue, increase its gross profit margin and become a profitable business; Flux Power’s ability to fulfill its backlog of open sales orders due to delays in the receipt of key component parts and other potential manufacturing disruptions; Flux Power’s ability to keep up with rapidly changing technologies and evolving industry standards, including its ability to achieve technological advances; Flux Power’s dependence on the growth in demand for its products; Flux Power’s ability to compete with both peers and larger companies with far greater resources than it; Flux Power’s ability to reduce production costs of its product line through new designs, manufacturing and supply arrangements; Flux Power’s ability to shift to new suppliers and incorporate new components into its products in a manner that is not disruptive to its business; Flux Power’s ability to obtain and maintain UL Listings and OEM approvals for its energy storage solutions; Flux Power’s ability to diversify its product offerings and capture new market opportunities; Flux Power’s ability to source its needs for skilled labor, machinery, parts, and raw materials economically; Flux Power’s ability to retain and/or successfully recruit key members of its senior management team; Flux Power’s ability to diversify its customer base to reduce its current dependence on a few major customers; and the expense, timing and outcome of legal proceedings relating to Flux Power’s accounting practices, financial disclosures and employment policies and practices, investigations and information requests that may be initiated or that may be asserted. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, it can give no assurance that such statements will prove to be correct, and that Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and investors should refer to the risk factors outlined in Flux Power’s Form 10-K, 10-Qs and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected, except as required by applicable law.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:
Blog: Flux Power Blog
News Flux Power News
Twitter: @Flux__Power
LinkedIn: Flux Power

Contacts

Media:
media@fluxpower.com
info@fluxpower.com

External Investor Relations:
Leanne Sievers
Shelton Group
flux-ir@sheltongroup.com

Expected first-half revenue above full-year revenue for each of the past two fiscal years; Formind advances international partnerships across the United States, Malaysia and Saudi Arabia

KUALA LUMPUR, Malaysia, Oct. 02, 2026 (GLOBE NEWSWIRE) — Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”) today announced that it expects preliminary unaudited revenue in the range of approximately US$9.3 million to US$9.5 million (RMB63.0 million to RMB64.5 million) for the six months ended September 30, 2026, the first half of its fiscal year ending March 31, 2027. First-half revenue is expected to increase by approximately US$8.9 million to US$9.1 million from approximately US$0.37 million (RMB2.6 million) in the first half of fiscal 2026.

Expected First-Half Highlights

• Total revenue is expected to be more than double the US$4.11 million (RMB29.6 million) recorded in the first half of fiscal 2025, and above the Company’s reported full-year revenue of US$7.48 million for fiscal 2026 and US$6.69 million for fiscal 2025.
• Campus services are expected to contribute approximately US$5.0 million to US$5.2 million (RMB34.0 million to RMB35.5 million), or approximately 53% to 56% of revenue. Campus services comprise campus operations and student-life services, including food-service management, merchant settlement and dormitory utilities, provided through the Company’s Smart Campus Services business. The business was launched in September 2025 and accounts for the largest part of the expected increase in revenue. Its revenue follows the academic calendar, with most of it earned in the spring semester months and reduced activity during the July–August university summer break. New projects typically follow an annual cycle, initiated in October, set up in November and taken through government procurement from around December, with services generally commencing during the semester, so campus services revenue varies significantly within the year.
• Revenue excluding campus services is expected to be approximately US$4.2 million to US$4.4 million (RMB28.5 million to RMB29.5 million), mainly reflecting smart-campus infrastructure project deliveries and content and learning resources.
• Smart-campus infrastructure revenue, which is separate from the Smart Campus Services business, is expected to be approximately US$2.4 million to US$2.5 million (RMB16.0 million to RMB16.6 million), driven by project deliveries. These include the integrated YeeZo deployment contract announced on September 2, 2026 (contract value approximately RMB5.99 million, inclusive of VAT), which was delivered and accepted by the customer by September 30, 2026. This revenue is project-based and varies from period to period.
• AI application revenue is expected to be approximately US$0.4 million to US$0.5 million (RMB2.9 million to RMB3.1 million), led by the previously announced Cogni AI and YeeZo applications.
• Formind international platform: as previously announced, since April 2026, a HanLink pilot with the Center on Chinese Education at Teachers College, Columbia University; the first Formind Global agreement, with City University Malaysia; a Saudi-China collaboration and three-year framework memorandum of understanding with Intersect Holding and Nanchang Institute of Science and Technology; and the launch of the Formind Group website. These initiatives are at an early stage and are not expected to represent a material part of first-half revenue.

“We expect our first-half revenue to exceed our full-year revenue for each of the last two fiscal years, led by our campus services business. Through Formind, we are taking our institutional experience to international partners in the United States, Malaysia and Saudi Arabia.”
— Maggie Fu, Cofounder and Chief Executive Officer, Ruanyun Edai Technology Inc.

About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. is an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems. The Company has historically developed and provided AI-enabled teaching, learning and assessment solutions, including smart homework, smart examination and digital education services, and since September 2025 has provided campus operations and student-life services through its Smart Campus Services business. The Company is presenting its group businesses under the Formind Group identity as part of its broader strategy to expand AI education, language learning, institutional education support and global technology initiatives.

Additional information about Formind Group is available at www.formind.group. Information on that website is not part of this press release.

Preliminary Unaudited Financial Information

The financial information in this press release is preliminary and unaudited, has been prepared by management based on currently available information, and is subject to completion of the Company’s financial closing procedures for the six months ended September 30, 2026 and review by the Company’s independent registered public accounting firm. The Company’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to this information and does not express an opinion or any other form of assurance on it. Final results may differ materially from the preliminary figures as a result of period-end adjustments, including those relating to revenue recognition, principal-versus-agent assessments, cut-off, consolidation, intercompany eliminations and currency translation. The preliminary figures are based on the Company’s internal management accounts and may differ from the amounts to be reported in its interim financial statements. This update covers revenue only; the Company is not reporting profit, margin, cash flow or balance-sheet information at this time. This information should not be viewed as a substitute for full interim financial statements prepared in accordance with U.S. GAAP. Results for interim periods, including the estimated figures presented, are not necessarily indicative of results for the full fiscal year or any future period.

Basis of presentation. The Company previously disclosed Smart Campus operating revenue for April and May 2026, a management measure that was not prepared in accordance with U.S. GAAP. That measure differs from the revenue presented in this press release and is not directly comparable to it.

Currency translation. The Company reports its results in U.S. dollars. Estimated U.S. dollar amounts for the six months ended September 30, 2026 have been translated from renminbi at an estimated average exchange rate for the period of approximately RMB6.77 to US$1.00. Reported amounts will be translated at the rates used in preparing the Company’s interim financial statements and may differ. Prior-period U.S. dollar amounts are as previously reported.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable securities laws. All statements other than statements of historical fact are forward‑looking statements. Forward‑looking statements may be identified by words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “goal,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar expressions.

These statements include, among others, expectations concerning preliminary first-half revenue, campus services and the academic-year project cycle, AI application development and commercialization, the Formind strategy, the pilot project with Teachers College, Columbia University, the agreement with City University Malaysia, the collaboration and memorandum of understanding with Intersect Holding and Nanchang Institute of Science and Technology, and other international opportunities. Actual outcomes may differ materially because of customer demand, service and partner performance, procurement and acceptance timing, contract execution, funding, related-party arrangements, regulation, data protection and internal controls. The preliminary revenue figures are subject to the matters described under “Preliminary Unaudited Financial Information.”

Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that could cause actual results to differ materially.

Forward-looking statements speak only as of the date of this press release. Additional risks are described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F. Readers should not place undue reliance on these statements. The Company undertakes no obligation to update any forward-looking statement except as required by law.

Investor Relations and Corporate Communications

FSR Capital, a FSR Group Company
Email: ir@fsr.group

Expected first-half revenue above full-year revenue for each of the past two fiscal years; Formind advances international partnerships across the United States, Malaysia and Saudi Arabia

KUALA LUMPUR, Malaysia, Oct. 02, 2026 (GLOBE NEWSWIRE) — Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”) today announced that it expects preliminary unaudited revenue in the range of approximately US$9.3 million to US$9.5 million (RMB63.0 million to RMB64.5 million) for the six months ended September 30, 2026, the first half of its fiscal year ending March 31, 2027. First-half revenue is expected to increase by approximately US$8.9 million to US$9.1 million from approximately US$0.37 million (RMB2.6 million) in the first half of fiscal 2026.

Expected First-Half Highlights

• Total revenue is expected to be more than double the US$4.11 million (RMB29.6 million) recorded in the first half of fiscal 2025, and above the Company’s reported full-year revenue of US$7.48 million for fiscal 2026 and US$6.69 million for fiscal 2025.
• Campus services are expected to contribute approximately US$5.0 million to US$5.2 million (RMB34.0 million to RMB35.5 million), or approximately 53% to 56% of revenue. Campus services comprise campus operations and student-life services, including food-service management, merchant settlement and dormitory utilities, provided through the Company’s Smart Campus Services business. The business was launched in September 2025 and accounts for the largest part of the expected increase in revenue. Its revenue follows the academic calendar, with most of it earned in the spring semester months and reduced activity during the July–August university summer break. New projects typically follow an annual cycle, initiated in October, set up in November and taken through government procurement from around December, with services generally commencing during the semester, so campus services revenue varies significantly within the year.
• Revenue excluding campus services is expected to be approximately US$4.2 million to US$4.4 million (RMB28.5 million to RMB29.5 million), mainly reflecting smart-campus infrastructure project deliveries and content and learning resources.
• Smart-campus infrastructure revenue, which is separate from the Smart Campus Services business, is expected to be approximately US$2.4 million to US$2.5 million (RMB16.0 million to RMB16.6 million), driven by project deliveries. These include the integrated YeeZo deployment contract announced on September 2, 2026 (contract value approximately RMB5.99 million, inclusive of VAT), which was delivered and accepted by the customer by September 30, 2026. This revenue is project-based and varies from period to period.
• AI application revenue is expected to be approximately US$0.4 million to US$0.5 million (RMB2.9 million to RMB3.1 million), led by the previously announced Cogni AI and YeeZo applications.
• Formind international platform: as previously announced, since April 2026, a HanLink pilot with the Center on Chinese Education at Teachers College, Columbia University; the first Formind Global agreement, with City University Malaysia; a Saudi-China collaboration and three-year framework memorandum of understanding with Intersect Holding and Nanchang Institute of Science and Technology; and the launch of the Formind Group website. These initiatives are at an early stage and are not expected to represent a material part of first-half revenue.

“We expect our first-half revenue to exceed our full-year revenue for each of the last two fiscal years, led by our campus services business. Through Formind, we are taking our institutional experience to international partners in the United States, Malaysia and Saudi Arabia.”
— Maggie Fu, Cofounder and Chief Executive Officer, Ruanyun Edai Technology Inc.

About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. is an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems. The Company has historically developed and provided AI-enabled teaching, learning and assessment solutions, including smart homework, smart examination and digital education services, and since September 2025 has provided campus operations and student-life services through its Smart Campus Services business. The Company is presenting its group businesses under the Formind Group identity as part of its broader strategy to expand AI education, language learning, institutional education support and global technology initiatives.

Additional information about Formind Group is available at www.formind.group. Information on that website is not part of this press release.

Preliminary Unaudited Financial Information

The financial information in this press release is preliminary and unaudited, has been prepared by management based on currently available information, and is subject to completion of the Company’s financial closing procedures for the six months ended September 30, 2026 and review by the Company’s independent registered public accounting firm. The Company’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to this information and does not express an opinion or any other form of assurance on it. Final results may differ materially from the preliminary figures as a result of period-end adjustments, including those relating to revenue recognition, principal-versus-agent assessments, cut-off, consolidation, intercompany eliminations and currency translation. The preliminary figures are based on the Company’s internal management accounts and may differ from the amounts to be reported in its interim financial statements. This update covers revenue only; the Company is not reporting profit, margin, cash flow or balance-sheet information at this time. This information should not be viewed as a substitute for full interim financial statements prepared in accordance with U.S. GAAP. Results for interim periods, including the estimated figures presented, are not necessarily indicative of results for the full fiscal year or any future period.

Basis of presentation. The Company previously disclosed Smart Campus operating revenue for April and May 2026, a management measure that was not prepared in accordance with U.S. GAAP. That measure differs from the revenue presented in this press release and is not directly comparable to it.

Currency translation. The Company reports its results in U.S. dollars. Estimated U.S. dollar amounts for the six months ended September 30, 2026 have been translated from renminbi at an estimated average exchange rate for the period of approximately RMB6.77 to US$1.00. Reported amounts will be translated at the rates used in preparing the Company’s interim financial statements and may differ. Prior-period U.S. dollar amounts are as previously reported.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable securities laws. All statements other than statements of historical fact are forward‑looking statements. Forward‑looking statements may be identified by words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “goal,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar expressions.

These statements include, among others, expectations concerning preliminary first-half revenue, campus services and the academic-year project cycle, AI application development and commercialization, the Formind strategy, the pilot project with Teachers College, Columbia University, the agreement with City University Malaysia, the collaboration and memorandum of understanding with Intersect Holding and Nanchang Institute of Science and Technology, and other international opportunities. Actual outcomes may differ materially because of customer demand, service and partner performance, procurement and acceptance timing, contract execution, funding, related-party arrangements, regulation, data protection and internal controls. The preliminary revenue figures are subject to the matters described under “Preliminary Unaudited Financial Information.”

Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that could cause actual results to differ materially.

Forward-looking statements speak only as of the date of this press release. Additional risks are described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F. Readers should not place undue reliance on these statements. The Company undertakes no obligation to update any forward-looking statement except as required by law.

Investor Relations and Corporate Communications

FSR Capital, a FSR Group Company
Email: ir@fsr.group