Tag: GlobeNewswire

Leadership appointments build on shorter installation times and improved customer satisfaction, and position Zeo for disciplined growth

NEW PORT RICHEY, Fla., Nov. 03, 2026 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo,” or the “Company”), a provider of residential solar and commercial long-duration energy-storage solutions, today announced a leadership realignment designed to strengthen execution in core residential solar business as Zeo continues expansion into commercial opportunities to support its next phase of growth.

Kallen Konen has been promoted to Vice President of Operations, with responsibility for day-to-day execution across Zeo’s Sunergy residential solar business. Kalen Larsen, a founding partner at Zeo, has served as Chief Operating Officer since the Company’s Nasdaq listing in March 2024, will transition to a new role supporting Marketing & Operations Strategy. Both appointments are effective immediately.

Zeo has also promoted sales leader Charles Ellis to hold the position of Senior VP of Sales, and former sales manager Ty Easton to be a VP of Sales.

As Vice President of Operations, Konen will oversee installation, project management, permitting and customer fulfillment. Her priorities will include sustaining improvements in installation timelines and customer satisfaction, strengthening accountability across these functions and improving coordination from sale through installation. Konen most recently served as Zeo’s Director of People Operations.

“We are seeing progress in our residential solar operations, with shorter installation times and improved customer satisfaction,” said Tim Bridgewater, Chief Executive Officer of Zeo Energy. “Kallen Konen brings process engineering, operational experience and people leadership we need to build on that momentum. She understands how to establish clear accountability, remove bottlenecks and equip teams to deliver. As we prepare for growth into 2027, her focus will be on making that execution more consistent across the business and delivering an even better experience for our customers.”

Konen brings extensive operational leadership experience in residential solar. Before joining Zeo, she served as an Operations Director at Blue Raven Solar, a national residential solar installer later acquired by SunPower. She subsequently joined Blue Raven Solar’s executive team, leading People & Talent strategy and execution and supporting the company’s growth across more than 20 states. Earlier in her career, Konen held engineering and leadership roles at FLSmidth, Rio Tinto and Quadra Mining.

In his new role, Larsen will report to the CEO and support Zeo’s marketing efforts and long-range operational planning across residential and commercial business opportunities. His focus will be on connecting customer acquisition and market opportunities with the operating capabilities needed to support disciplined growth.

“Kalen Larsen has helped shape and lead Sunergy’s growth and Zeo’s development as a public company, bringing valuable perspective across sales, marketing and operations,” Bridgewater continued. “His experience gives him a clear understanding of how customer demand translates into operational requirements. In his new role, he will support bringing our marketing and long-range planning closer together, helping us build on our progress in residential solar and storage while pursuing opportunities in commercial long-duration energy storage.”

Together, the appointments establish dedicated leadership for day-to-day operational execution and support for the marketing and planning efforts that support Zeo’s long-term growth.

About Zeo Energy Corp.
Zeo Energy Corp. (Nasdaq: ZEO) is a diversified clean energy company providing residential, commercial, industrial, and utility-scale solutions that cut costs and carbon emissions. Zeo operates Sunergy, a residential solar, distributed energy, and efficiency solutions business. It also operates Heliogen, a long-duration energy generation and storage business designed to deliver renewable power for high-demand applications such as data centers and other energy-intensive industries. With its vertically integrated approach, Zeo helps customers secure cost-effective, 24×7 clean energy.

Cautionary Note Regarding Forward-Looking Statements
This press release and statements of Zeo’s in connection with this press release contain or may contain “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 Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company, including regarding the Company’s involvement or potential involvement in projects. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “explore,” “develop,” “development,” “deploy,” “deployment,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the development of projects, future financial performance of the Company; the ability to effectively consolidate the assets of acquired companies and produce expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts, and assumptions, and involve a number of significant judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially and adversely different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) planned pipelines and projects may not be developed in the timelines anticipated, if at all; (ii) the outcome of any legal proceedings that may be instituted against the Company or others; (iii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iv) the Company’s ability to raise additional capital and maintain the listing of its common stock and warrants on Nasdaq; (v) limited liquidity and trading of the Company’s securities; (vi) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (viii) operational risks, including risks associated with Zeo’s expanding business model; (ix) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (x) the Company’s ability to effectively consolidate the assets of acquired companies and produce the expected results; and (xi) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2025 and in its subsequent periodic reports and other filings with the SEC.

In light of the significant risks and uncertainties associated with forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
ZEO@redchip.com

SAN DIEGO, Nov. 03, 2026 (GLOBE NEWSWIRE) — NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced that it will release its financial results for the first quarter of fiscal year 2027 ended September 30, 2026, after market close on Thursday, November 12, 2026.

The Company will host a conference call at 5:00 p.m. Eastern Time that day to review its financial and operating results. Management will discuss recent operational progress and strategic priorities, followed by a question-and-answer session.

First Quarter Fiscal Year 2027 Conference Call and Webcast

Date: Thursday, November 12, 2026
Time: 5:00 p.m. Eastern Time
Phone: +1 (844) 825-9789

Webcast and accompanying slide presentation: Registration Link

A telephonic replay will be available from 9:00 p.m. ET on the day of the call through Thursday, November 26, 2026. To listen to the archived call, dial +1 (844) 512-2921 and enter replay PIN 10213108.

The webcast replay and accompanying presentation will be available on the Investor Relations section of the Company’s website at neovolta.com/investors.

About NeoVolta

NeoVolta is an innovator in energy storage solutions dedicated to advancing reliable, high-performance power infrastructure for residential, commercial, and utility applications. With a focus on scalable technology, domestic manufacturing, and strategic partnerships, NeoVolta is positioned to support the accelerating transition toward resilient energy systems.

For more information, visit www.neovolta.com.

Contacts

NEOV Investors
Bryan Baritot
Alliance Advisors IR
ir@neovolta.com  

NEOV Media
Email: press@neovolta.com
Phone: 800-364-5464

• Third quarter revenue of $28.5M, +35% year-over-year growth; IFRS gross margin of 76.6%
• Third quarter usage fee revenue of $13.3M, +60% year-over-year growth
• First nine months revenue of $82.9M, +41% year-over-year growth; IFRS gross margin of 76.1%
• Third quarter IFRS and non-IFRS net income of $4.1M and $4.6M, respectively, versus IFRS and non-IFRS net income of $1.0M and $1.4M, respectively, in the prior year period
• Generated $2.6M in cash in the third quarter
• Received approval in the third quarter from China’s National Medical Products Administration (NMPA) to market the Sofwave™ System in mainland China
• Approximately 3,400 Sofwave systems sold to date and approximately 1.1 million Sofwave treatments administered since commercialization

SAN CLEMENTE, Calif., Nov. 03, 2026 (GLOBE NEWSWIRE) — Sofwave Medical Ltd. (TASE: SOFW), an emerging leader in energy-based, non-invasive aesthetic medical devices for practitioners worldwide, today reported financial results for the third quarter and first nine months of fiscal year 2026, for the period ended September 30, 2026, and recent business highlights.

Third Quarter and First Nine Months Fiscal 2026 Financial Highlights

• Third Quarter Revenue of $28.5M; representing 35% year-over-year growth
  • Recurring Usage Fee Revenue of $13.3M, a year-over-year increase of 60%, representing 47% of total revenue
  • Capital Equipment Revenue of $15.2M, a year-over-year increase of 19%
  • Gross Profit was $21.8M, a year-over-year increase of 41%
  • IFRS and Non-IFRS Gross Margin: 76.6% and 76.7%, respectively, compared to 73.7% for the third quarter of 2025
  • IFRS and Non-IFRS Operating Income: $4.4M and $4.9M, respectively, versus operating income of $1.5M and $1.9M, respectively, for the prior year period
  • IFRS and Non-IFRS Net Income: $4.1M and $4.6M, respectively, versus net income of $1.0M and $1.4M, respectively, for the prior year period
• First Nine Months Revenue of $82.9M; representing 41% year-over-year growth
  • Recurring Usage Fee Revenue of $38.2M, a year-over-year increase of 56%, representing 46% of total revenue
  • Gross Profit was $63.1M, a year-over-year increase of 43%
  • IFRS and Non-IFRS Gross Margin: 76.1%, compared to 75.1% for the first nine months of 2025
  • IFRS Operating Income: $8.9M, compared to operating income of $2.7M for the first nine months of 2025; Non-IFRS Operating Income: $10.3M and $11.1M excluding one-time Nasdaq listing expenses
  • IFRS and Non-IFRS Net Income: $7.9M and $9.2M(**) respectively, versus net income of $1.4M and $3.2M, respectively, for the prior year period. Excluding one-time expenses as well, non-IFRS net income was $10.0M
• Cash, Cash Equivalents and Short-Term Deposits as of September 30, 2026: $41.4M(*); generated $2.6M in cash in the third quarter of 2026

(*) including $10M short-term bank deposit and $520K restricted short-term bank deposit
(**) Non-IFRS results exclude stock-based compensation expense.

Management Commentary
Mr. Louis Scafuri, Sofwave CEO, commented, “Sofwave delivered another quarter of profitable growth, with revenue increasing 35% to $28.5 million and recurring usage fee revenue growing 60% to $13.3 million. Usage fees represented 47% of total revenue, reflecting growth in treatment activity across our expanding provider network.

“IFRS gross margin expanded to 76.6% from 73.7% a year ago, and IFRS operating income nearly tripled to $4.4 million. Non-IFRS operating income increased 161% to $4.9 million, or 17.2% of revenue. We achieved our sixth consecutive quarter of positive IFRS net income and generated $2.6 million in cash during the quarter.

“The NMPA approval adds an important growth opportunity in China. The approval covers the Sofwave™ System for improving mid-to-lower facial wrinkles in adults aged 22 and older and was supported by a 200-subject randomized, controlled study in China. Working with HTDK, which leads marketing, distribution and sales in mainland China, we are focused on physician education and adoption by premium accounts. Late in the third quarter, we began the first phase of our strategic rollout in mainland China, engaging selected physician thought leaders across major markets to establish a foundation for broader adoption across additional customer segments. We received an initial order for 70 systems, with 10 shipped in the third quarter and the remaining 60 scheduled for shipment in the fourth quarter.

“Through the first nine months, revenue grew 41% to $82.9 million. Our growing recurring revenue and improving operating profitability support continued investment in clinical development and commercial expansion. We remain focused on disciplined execution and building long-term shareholder value,” Mr. Scafuri concluded.

Dr. Shimon Eckhouse, Chairman of the Board, added, “Sofwave continues to execute its business and product development plan and our third quarter financial results clearly demonstrate its successful implementation. Our SUPERB™ skin treatment technology with 8 FDA clearances is becoming the leading global solution for patients seeking safe, effective, predictable and minimal down-time skin regeneration.

“The NMPA approval reflects the strength of our skin regeneration technology, as demonstrated by a large, multi-site, randomized clinical trial on Chinese patients performed by leading local aesthetic physicians. China is one of the fastest growing global territories in medical aesthetics, and its size and vast middle class, which is highly oriented towards non-invasive aesthetic treatments, creates a great growth opportunity for Sofwave,” Dr. Eckhouse concluded.

Recent Operational Highlights

• Approximately 3,400 Sofwave systems sold to date and approximately 1.1 million treatments have been conducted since commercialization
• Announced the publication of data from a new randomized controlled clinical study of the Company’s proprietary PlyoPulse™ technology, titled “Functional Performance, Subject-Body Perception, and Safety Following Multi-Muscle Electromuscular Stimulation: A Randomized Controlled Study,” in the September issue of Aesthetic Surgery Journal
• Announced the approval from China’s NMPA to market the Sofwave™ System for use in mainland China to improve wrinkles in the mid-to-lower face for individuals aged 22 and older
• Announced the publication of a prospective clinical study in Lasers in Surgery and Medicine, the official journal of the American Society for Laser Medicine and Surgery (ASLMS), evaluating the use of Sofwave™ to improve skin laxity and facial wrinkles in Asian patients
• Significant and growing brand awareness; over 1.5M social media followers to date
• Geographically diversified revenue: North America represented 49% of third quarter revenue, APAC 37%, EMEA 12% and LATAM 2%

Financial Summary (Q3 FY’26)

IFRS Results (U.S. dollars in thousands)
	Q3 2026	Q3 2025
Revenues	$28,504	$21,074
Gross Profit	$21,845	$15,529
Gross Margin	76.6%	73.7%
Operating Income	$4,424	$1,488
Net Income	$4,104	$982
***Non-IFRS Results (U.S. dollars in thousands)
	Q3 2026	Q3 2025
Gross Profit	$21,857	$15,538
Gross Margin	76.7%	73.7%
Operating Income	$4,910	$1,878
Net Income	$4,590	$1,372

(***) Excluding stock-based compensation expense.

Non-IFRS Financial Measures
This press release includes information about certain financial measures that are not prepared in accordance with International Financial Reporting Standards (“IFRS”), including non-IFRS gross profit, non-IFRS gross margin, non-IFRS operating income (loss), and non-IFRS net income (loss). These non-IFRS measures adjust for non-cash share-based compensation expense. Management believes that these non-IFRS measures provide useful supplemental information to investors by excluding items that are not directly attributable to the Company’s core operating performance. Non-IFRS measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with IFRS. A reconciliation of IFRS to non-IFRS measures is provided in the table included in this press release above.

About Sofwave Medical Ltd.
Sofwave Medical Ltd. (TASE: SOFW) is a global regenerative aesthetics company advancing non-invasive technologies for skin and body. Its proprietary SUPERB™ (Synchronous Ultrasound Parallel Beam) technology delivers controlled ultrasound energy to the mid-dermis to stimulate the body’s natural regenerative response and is FDA-cleared for the treatment of facial lines and wrinkles, lifting the eyebrow and lax submental and neck tissue, improving the appearance of skin laxity on the upper arms, short-term improvement in the appearance of cellulite, and treatment of acne scars.

Sofwave’s portfolio also includes Pure Impact™, which utilizes electrical muscle stimulation (EMS) technology for muscle strengthening, toning and firming. Together, Sofwave’s technologies provide physicians with clinically supported, non-invasive solutions for the evolving needs of aesthetic patients worldwide.

Contact: info@sofwave.com

Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the Israeli Securities Law 5728-1968. These forward-looking statements are based on the Company’s current expectations, estimates, forecasts and projections about future events and are not guarantees of future performance. Words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “should,” “would,” “could,” “may,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied in such statements due to various factors, including but not limited to: risks inherent to the Company’s activities; third-party decisions, including by regulatory authorities; changes in economic conditions; and other external factors beyond the Company’s control. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact:
Brian Ritchie
LifeSci Advisors LLC
(212) 915-2578
britchie@lifesciadvisors.com

HOUSTON, Texas, Nov. 03, 2026 (GLOBE NEWSWIRE) — TOP Financial Group Limited (NASDAQ: TOP, “TOP” or the “Company”), a fast-growing online brokerage firm specializing in local and foreign equities, futures, and options products, today issued a statement addressing the recent unusual fluctuations in its stock price and provided updates on its strategic business developments.

The Company confirmed that its business operations are progressing normally, and management remains fully focused on executing its established strategy and driving long-term business growth. As of the time of this announcement, the Company is not aware of any material, undisclosed corporate developments or information that would account for the recent volatility in its stock price. TOP will continue to strictly adhere to all information disclosure requirements mandated by the U.S. Securities and Exchange Commission (SEC) and NASDAQ.

As previously announced, the Company has established its global headquarters in Houston, Texas. Furthermore, TOP is actively planning to establish a dedicated Artificial Intelligence (AI) Research and Development Center in Silicon Valley, California. The planned facility is intended to bolster the Company’s technological capabilities in financial technology (fintech), data analytics, and AI applications.

TOP is progressively expanding its presence in the United States, driving the integration of traditional financial services with advanced data analytics technologies. The Company develops and deploys advanced AI solutions designed to create scalable, technology-driven business lines while directly supporting and optimizing its core fintech operations. Key areas of AI integration include online brokerage and asset management, predictive risk assessment, wealth management and advisory, and investment banking workflow. These initiatives aim to improve financial information processing efficiency, risk identification capabilities, and overall professional service standards.

“We fully understand our investors’ attention regarding the recent market fluctuations,” stated Ms. Jennifer Hoi Ling Tam, Co-Chief Executive Officer of TOP. “The long-term value of our company relies on our strategic execution, technological capabilities, and our ability to consistently create value, rather than short-term stock performance. We will continue to push forward our U.S. localization strategy, scale up our investments in technology R&D, and remain dedicated to building a robust, professional, and highly competitive fintech business infrastructure.”

The Company will continue to provide timely updates to the market regarding material business developments in accordance with regulatory requirements.

About TOP Financial Group Limited

The Company, through its operating subsidiaries, provides diversified services including online brokerage platforms specializing in the trading of local and foreign equities, futures, and options products, assets and funds management services, trading solutions services, money lending services, trust services, investor relations and public relations services. In addition, the Company has also entered into artificial intelligence (AI) business segments.

The operating subsidiary, TOP Financial Pte Ltd, was established under the laws of Singapore. The Singapore subsidiary acquired the CMS license from the Monetary Authority of Singapore (“MAS”) to carry out regulated activities in dealing in capital markets products. TOP completed its acquisition of Australia licensed company TOP 500 Sec Pty Ltd. The subsidiary will be able to provide dealing services in derivatives and foreign exchange contracts, and financial product advice for derivatives, foreign exchange contracts, debentures, stocks or bonds. Zhong Yang Securities Limited and Zhong Yang Capital Limited are licensed with the Securities and Futures Commission of Hong Kong (“HKSFC”) to carry out type 1 (dealing in securities), type 2 (dealing in futures contracts) regulated activities, and are licensed with the HKSFC to carry out type 4 (advising on securities), type 5 (advising on futures contracts), and type 9 (asset management) regulated activities in Hong Kong. The operating subsidiary, WIN100 TECH Limited, is a Fintech development and IT support company. It provides trading solutions for clients trading on the world’s major derivatives and stock exchanges. Winrich Finance Limited was formed under the laws of Hong Kong and is a licensed money lending company governed by the Money Lenders Ordinance. Winrich Trust Limited was formed under the laws of Hong Kong to provide trust services to clients. TOP also completed its acquisition of Zhong Yang Financial Services Limited formed under the laws of Hong Kong to provide investor relations and public relations services. The subsidiary has acquired the TCSP license registered with the Companies Registry of Hong Kong. For more information, please visit http://www.top500.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to risks and uncertainties, including, but not limited to: the Company’s ability to establish the AI Research and Development Center and implement its U.S. expansion strategy; the Company’s ability to identify, recruit and retain qualified personnel and advisors; laws and regulations applicable to the Company’s business in the United States, Hong Kong, Singapore, Australia and other jurisdictions; the need to obtain licenses, registrations or approvals that may not be granted; technological, cybersecurity and operational risks; the costs of these initiatives and the Company’s ability to fund them; competition; general market conditions; and other factors discussed in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Investor Relations:

ZYIR Limited

Ms. Choy Yuen Yin Clare, Director
IR Department
Email: IR@top500.com

CHANTILLY, Va., Nov. 03, 2026 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN), shared that the Parsons-led joint venture, Riyadh Metro Transit Consultants (RMTC), in partnership with Systra and Egis, was selected in March 2026 to provide project and construction management (PMCM) services for the Royal Commission for Riyadh City (RCRC) on the Riyadh Metro Red Line Extension. This multi-year PMCM project represents new work for the company.

“We are honored to continue working on the Riyadh Metro, a transformative project that is redefining urban mobility in the Kingdom’s capital and enhancing quality of life,” said Pierre Santoni, President, Infrastructure EMEA at Parsons. “As a proud long-term partner of the RCRC, and the lead consultant for the delivery of this world-class system, we look forward to supporting the city of Riyadh and the Kingdom in successfully completing this extension and future phases of the metro, leveraging our global expertise and deep local knowledge to drive excellence at every stage of delivery.”

The Riyadh Metro Red Line Extension will run from the current King Saud University (KSU) terminus and end at Diriyah South. A cornerstone of Saudi Vision 2030, the Riyadh Metro Red Line Extension will connect Diriyah with the Riyadh Public Transport network and continue to transform the capital’s transportation landscape by leveraging cutting-edge technology to deliver a world-class transit experience while addressing critical traffic challenges, reducing commute times, alleviating congestion and fostering a more sustainable future for the rapidly evolving city.

The RMTC first began working on the Riyadh Metro in 2013 and delivered the first phase of the project which comprised of the Blue, Red and Orange Lines. The Red Line extension is 8.4 kilometers (km) long, of which 1.3km is elevated and 7.1km is underground. It includes five stations – two elevated and three underground.

Parsons has delivered rail and transit projects in more than 50 countries, working on large, complex brownfield expansion and greenfield projects globally, and has been involved in every major rail project in the Gulf region. With a presence in EMEA spanning more than 65 years, Parsons brings deep domain expertise across project and program management, urban development, transportation (including rail, metro, aviation, roads, and ports), smart mobility, asset management, and master planning.

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.

To join Parsons in creating the future of the Middle East, visit parsons.com/emea

Media Contact:     
Lara Masri
+971 4 4029767
Lara.Masri@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.com

Forward-Looking Statements: This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e330015c-3d86-4b71-97c0-ede53ae7bedb

Adjusted EBITDA (non-GAAP) improves 39.2%, revenue grows 2.8%, and GAAP operating loss improves 14.0% quarter-over-quarter

NEW YORK, Nov. 03, 2026 (GLOBE NEWSWIRE) — Fusemachines Inc. (Nasdaq: FUSE) (“Fusemachines” or the “Company”), a leading provider of enterprise AI products and services, today announced its financial results for the third quarter ended September 30, 2026, reporting significant improvements in operating performance, continued quarter-over-quarter revenue growth, and a strengthened stockholders’ equity position.

The Company’s GAAP loss from operations improved 14.0% to $2.3 million, while revenue increased 2.8% to $1.85 million. Its GAAP net loss was $4.6 million, compared with $2.8 million in the second quarter of 2026, and included a $2.2 million non-cash charge associated with the change in the fair value of its forward purchase derivative liability. The Company also reported a 39.2% quarter-over-quarter improvement in Adjusted EBITDA, a non-GAAP financial measure, with its Adjusted EBITDA loss narrowing to $1.4 million from $2.3 million in the second quarter of 2026.

These improvements reflect the impact of the Company’s cost-reduction initiatives which have lowered operating expenses without affecting continued revenue growth. The Company also improved stockholders’ equity by $9.1 million during the quarter, reducing its stockholders’ deficit by 52.7%, primarily as a result of forward purchase agreement transactions, and shares issued to settle vendor invoices and employee obligations. The Company continues to have a stockholders’ deficit and negative operating cash flow, and its financial statements disclose substantial doubt about its ability to continue as a going concern.

“Our 39.2% quarter-over-quarter improvement in our Adjusted EBITDA demonstrates the meaningful progress we are making in improving the financial and operational performance of Fusemachines,” said Sameer Maskey, Founder and Chief Executive Officer of Fusemachines. “Our cost-reduction initiatives are delivering measurable results, allowing us to significantly reduce operating losses while continuing to grow revenue. We remain focused on building a more efficient operating structure, strengthening our financial position, and advancing our enterprise AI business.”

Third Quarter 2026 Financial Highlights

• Adjusted EBITDA (non-GAAP) improved 39.2% quarter-over-quarter, with the non-GAAP loss narrowing to $1.4 million compared with $2.3 million in Q2 2026, an improvement of $0.9 million.
• GAAP net loss was $4.6 million, or $.15 per basic and diluted share, compared with $2.8 million, or $.10 per basic and diluted share, in Q2 2026, including a $2.2 million non-cash loss associated with the change in fair value of the forward purchase derivative liability.
• GAAP loss from operations improved 14.0%, narrowing to $2.3 million compared with $2.7 million in the prior quarter.
• Revenue increased 2.8% quarter-over-quarter to $1.85 million compared with $1.79 million in the prior quarter.
• Total operating expenses declined 9.8% to $3.3 million from $3.7 million in Q2 2026.
• Combined cost of revenue and operating expenses declined 7.2% to $4.2 million from $4.5 million, demonstrating improved overall cost efficiency.
• Stockholders’ equity improved by $9.1 million, reducing the stockholders’ deficit from $17.4 million at June 30, 2026, to $8.2 million at September 30, 2026, primarily as a result of forward purchase agreement transactions and share issuances for payables and accrued wages.

Improving Operational Efficiency While Growing Revenue
During the third quarter, Fusemachines continued executing cost-reduction initiatives designed to improve operating efficiency while supporting the growth of its enterprise AI business.

Total operating expenses declined 9.8% sequentially, with general and administrative expenses decreasing 10.9% and selling and marketing expenses declining 7.0%. Combined cost of revenue and operating expenses fell 7.2% compared with the prior quarter.

Despite these expense reductions, quarterly revenue increased to $1.85 million from $1.79 million, representing 2.8% sequential growth.

The combination of higher revenue and lower operating expenses contributed to a 14.0% improvement in GAAP operating loss and a 39.2% improvement in Adjusted EBITDA, highlighting the effectiveness of the Company’s ongoing operational restructuring and cost-management efforts.

Non-GAAP Financial Measures
This press release includes Adjusted EBITDA, a non-GAAP financial measure. Fusemachines defines Adjusted EBITDA as net loss before interest expense, income taxes, depreciation and amortization, adjusted for stock-based compensation, including restricted stock units, changes in fair value, gains or losses on extinguishment of debt and payables, and severance expense.

Management uses Adjusted EBITDA to evaluate the Company’s operating performance and the results of its cost-reduction initiatives, and believes it provides investors with useful supplemental information for comparing operating performance across periods. Management excludes interest expense, income taxes, and depreciation and amortization because these items relate to the Company’s capital structure, tax position and historical investments rather than its current operations. Management excludes stock-based compensation, including restricted stock unit expense, because it is a non-cash expense. Management excludes changes in fair value, including the change in fair value of the forward purchase derivative liability, and gains on extinguishment of payables, because these items are non-cash, result from financing and settlement transactions or changes in the Company’s stock price, and are not indicative of operating results. Management excludes severance expense incurred in connection with the Company’s cost-reduction initiatives because it does not reflect ongoing operating costs.

Adjusted EBITDA is not calculated in accordance with GAAP and should not be considered a substitute for GAAP net loss, operating cash flow, or other GAAP measures. Other companies may calculate similarly titled measures differently.

About Fusemachines
Founded in 2013, Fusemachines is a global provider of enterprise AI products and services, on a mission to democratize AI. Leveraging proprietary AI Studio, AI Engines and AI Agents, the Company helps drive clients’ AI Enterprise Transformation, regardless of where they are in their Digital AI journeys. With offices in North America, Asia and Latin America, Fusemachines provides a suite of enterprise AI offerings and specialty services that allow organizations of any size to implement and scale AI.

Fusemachines continues to actively pursue the mission of democratizing AI by providing high-quality AI education in underserved communities and helping organizations achieve their full potential with AI.

To learn about Fusemachines,visit www.fusemachines.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws that involve substantial risks and uncertainties. Any statements, other than statements of historical fact included in this press release, are forward-looking statements, including statements concerning the Company’s business strategy, operational efficiency, cost-management initiatives, future growth, financial position, financing plans, and efforts to maintain its Nasdaq listing. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

These risks include, among others, the Company’s ability to obtain additional financing, manage liquidity, continue as a going concern, sustain operating cost reductions, retain and attract customers, commercialize its AI offerings, strengthen stockholders’ equity, and maintain compliance with applicable Nasdaq listing requirements; the impact of changes in the fair value of the forward purchase derivative liability; and dilution from equity issuances. Additional risks and uncertainties are described under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov.

You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Except as required by applicable law, Fusemachines undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:

pr@fusemachines.com

Investor Contact:

ir@fusemachines.com

+1 347 212-5075

Fusemachines Inc. and Subsidiaries Condensed Consolidated Interim Balance Sheets (all amounts in USD, in thousands, except number of shares and per share data)
		September 30, 2026				December 31, 2025
			(Unaudited)
Assets
Current assets:
Cash and cash equivalents			1,454				4,221
Accounts receivable, net			1,400				1,264
Unbilled revenue			16				16
Prepaid expenses and other current assets			575				753
Customer incentive asset, current			193				–
Total current assets			3,638				6,254
Property and equipment, net			244				305
Customer incentive asset, non-current			364				–
Intangible assets, net			259				206
Deferred tax assets			11				11
Operating lease right-of-use assets			482				744
Other assets			11				16
Total assets			5,009				7,536
Liabilities and stockholders’ deficit
Current liabilities:
Accounts payable			4,527				5,012
Accrued expenses and other current liabilities			4,734				4,618
Convertible notes payable, current			1,245				–
Related party loan payable, current			300				300
Forward purchase derivative liability			708				9,692
Operating lease liability, current			45				85
Short term debt			64				342
Cumulative mandatorily redeemable common and preferred stock liability, current			1,063
Total current liabilities			12,686				20,049
Accounts payable non-current			–				143
Warrant liability			30				121
Cumulative mandatorily redeemable common and preferred stock liability, non-current			–				1,048
Operating lease liability			508				751
Total liabilities			13,224				22,112
Commitments and Contingencies
Stockholder’s deficit:
Convertible preferred stock ($0.0001 par value, 5,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; Nil shares issued as of September 30, 2026 and December 31, 2025, respectively; Nil shares outstanding as of September 30, 2026 and December 31, 2025)			–				–
Common stock ($0.0001 par value, 500,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 32,424,711 shares and 28,938,266 shares issued and outstanding as of September 30,2026 and December 31, 2025, respectively)			4				3
Additional paid in capital			35,821				31,311
Share subscription receivable			(738	)			(11,005	)
Accumulated deficit			(43,573	)			(35,145	)
Accumulated other comprehensive income			271				260
Total stockholders’ deficit			(8,215	)			(14,576	)
Total liabilities and stockholders’ deficit			5,009				7,536

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

Fusemachines Inc. and Subsidiaries Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (all amounts in USD, in thousands, except number of shares and per share data)
		Three Months ended, September 30								Nine Months ended, September 30
		2026				2025				2026				2025
		(Unaudited)								(Unaudited)
Revenue			1,845				1,792				5,518				5,779
Cost of revenue			(864	)			(796	)			(2,626	)			(2,488	)
Gross Profit			981				996				2,892				3,291
Operating expenses:
Selling and marketing			356				293				1,151				934
General and administrative			2,653				1,632				8,904				5,131
Research and development			286				165				876				489
Total operating expenses			3,295				2,090				10,931				6,554
Loss from operations			(2,314	)			(1,094	)			(8,039	)			(3,263	)
Other (expense) income:
Interest expense			(353	)			(74	)			(459	)			(213	)
Loss on extinguishment of convertible notes payable			–				–				–				(391	)
Gain on extinguishment of payable			105				–				612				–
Gain/(loss) on change in fair value of convertible notes and warrant liability			42				(61	)			91				(1,405	)
Loss on change in fair value of forward purchase derivative liability			(2,212	)			–				(604	)			–
Other (expense) income			109				55				59				59
Total other (expense)/income, net			(2,309	)			(80	)			(301	)			(1,950	)
Loss before income taxes			(4,623	)			(1,174	)			(8,340	)			(5,213	)
Provision for income tax			–				–				(4	)			–
Net loss			(4,623	)			(1,174	)			(8,344	)			(5,213	)
Deemed dividend related to Shortfall Warrants modification											(84	)			–
Net loss attributable to common stockholders (i)			(4,623	)			(1,174	)			(8,428	)			(5,213	)
Weighted-average common shares outstanding – basic and diluted (ii)			30,586,609				7,672,654				29,502,942				7,406,332
Net loss per common share – basic and diluted (i/ii)			(0.15	)			(0.15	)			(0.29	)			(0.70	)
Other Comprehensive income (loss)
Net loss			(4,623	)			(1,174	)			(8,344	)			(5,213	)
Change in foreign currency translation adjustment			2				8				11				8
Total comprehensive loss			(4,621	)			(1,166	)			(8,333	)			(5,205	)

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

Fusemachines Inc. and Subsidiaries Condensed Consolidated Interim Statements of Cash Flows (all amounts in USD, in thousands)
		Nine months ended September 30,
		2026				2025
			(Unaudited)
Cash flows from operating activities
Net Loss			(8,344	)			(5,213	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment			74				73
Amortization of intangible asset			103				66
Amortization of customer incentive asset			22				–
Provision for credit losses			–				46
Stock-based compensation			1,309				176
Amortization of right-of-use assets			215				65
Amortization of convertible note discount			294				–
Changes in fair value of convertible notes at fair value and warrant liability			(91	)			1,405
Change in fair value of forward purchase derivative liability			604				–
Accretion of cumulative mandatorily redeemable common and preferred stock liability			83				71
Loss on extinguishment of debt			–				391
Gain on extinguishment of payable			(612	)			–
Unrealized foreign exchange gain/(loss)			–				(7	)
Changes in operating assets and liabilities:
Accounts receivable, current, net			(208	)			87
Unbilled revenue			(20	)			56
Prepaid expenses and other current assets			185				(44	)
Accounts receivable, net			–				4
Other assets			4				(7	)
Accounts payable			(156	)			1,989
Operating lease liabilities			(232	)			(53	)
Accrued expenses and other current liabilities			1,963				461
Deferred revenue			–				(54	)
Net cash used in operating activities			(4,807	)			(488	)
Cash flows from investing activities
Costs capitalized for internally developed software			(157	)			(72	)
Purchases of property and equipment			(27	)			(8	)
Net cash used in investing activities			(184	)			(80	)
Cash flows from financing activities
Proceeds from Convertible notes payable, current			2,050				180
Repayment of Convertible notes payable, current			(224	)			–
Proceeds received from sales of forward purchase agreement shares			679				–
Payment of director and officer insurance liability (short term debt)			(376	)			–
Proceeds from director and officer insurance liability (short term debt)			98				–
Payment of deferred transaction costs			–				(5	)
Net cash (used in) / provided by financing activities			2,227				175
Effect of exchange rate changes on cash and cash equivalents			(4	)			(1	)
Net change in cash and cash equivalents			(2,767	)			(394	)
Cash and cash equivalents at beginning of the period			4,221				500
Cash and cash equivalents at end of the period			1,454				106
Supplemental disclosures of cash flow information
Cash paid for income taxes			22				18
Cash paid for interest			12				–
Non-cash investing and financing activities:
Deemed dividend related to shortfall warrant modification			84				–
Common Stock issued upon cashless exercise of stock options			39				707
Unpaid deferred transaction costs as of the end of the period			–				507
Waiver of deferred transaction costs as of the end of the period			–				505
Issuance of shares vested upon repayment and forgiveness of 2023 Promissory Notes			–				3
Warrants issues in connection with new Convertible Notes (Refer note 6)			231				–
Shortfall warrant amendment (Refer note 16)			494				–
Issuance of common stock as consideration payable to customer (Refer note 4)			578
Issuance of common stock to settle outstanding severance pay of employees (Refer note 9)			460				–
Issuance of common stock to settle outstanding invoices of vendor (Refer note 18)			1,298				–
Adjustment of share subscription receivable on account of partial early termination of forward contract (Refer note 15)			9,588
(Loss)/Gain on extinguishment of debt			–				(391	)

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

Proven OEM Sales, Production, Automation, and Service Team to Bring Newly Launched ElectroFlex® Peel-and-Stick Solar onto America’s Manufacturing Lines

SCOTTSDALE, Ariz., Nov. 03, 2026 (GLOBE NEWSWIRE) — SolarWindow Technologies, Inc. (Symbol: WNDW) today reported growing customer interest from OEM manufacturers in its ultra-thin, high-power, bendable ElectroFlex^® solar – since its launch 70 days ago. In response, the Company announced its ElectroFlex^® Deployment and Integration Team.

“I am proud to report that the first 70 days of our ElectroFlex^® launch have demonstrated strong customer interest, with serious and growing engagement from Fortune 1000 OEM manufacturers with globally recognized brands. OEMs in transportation, mobility, and off-grid buildings have told us exactly what they need, and we have built an accomplished team to deliver on that,” stated Mr. Amit Singh, President & CEO of SolarWindow.

ElectroFlex^® high-power solar sheets are thinner than a dime, targeting transportation, marine, aerospace, architectural, agricultural, infrastructure and utilities, and specialty vehicle markets. ElectroFlex^® turns passive surface area that is otherwise dead weight into an active source of onboard power, extending range and reducing dependence on generators, shore power, and the grid.

“Our job is to take the rooftops and body panels an OEM has already engineered and make them generate power, on their production line and on their schedule,” said Tim Widner, who leads the SolarWindow Deployment and Integration Team, and is a former Lippert (NYSE: LCII) senior executive and manufacturing veteran. “Engineers don’t want to redesign their products to accommodate for bulky solar panels, and with ElectroFlex^® they don’t have to. It applies directly to the product, on the line, as part of assembly.”

The Deployment and Integration Team is led by Tim Widner, who is joined by his former Lippert colleagues Matthew Stier, automation and controls engineer, and Kevin Graham, field services manager. Jessica Holden leads customer service and inside sales for OEM partners. Completing the Team is Patrick Sargent, SolarWindow Vice President of Product Development and Engineering. Together, they bring more than eight decades of combined experience in plant design, operations, product manufacturing, fabrication, and transportation sales, with specialized expertise in solar module design and installation, new technology integration, and automation within OEM production facilities.

The ElectroFlex^® Deployment and Integration Team

Tim Widner, Executive, OEM Deployment and Integration – Tim brings three decades of leadership in manufacturing and production, including service as a Vice President at Lippert, a NYSE-listed Tier-1 supplier to the RV and marine industries. He leads SolarWindow’s OEM deployment programs, directing prototype, pilot, and production integration from first engagement through launch.

Patrick Sargent, VP Product Development & Engineering – Patrick previously served at Asahi Glass Company, $13 billion annual international glass producer, as photovoltaics cover technology leader for its North American Solar Business Unit. He also worked at Lucent Technologies and Fujitsu Network Communications. He leads the design of the ElectroFlex^® product integrations onto curved and flat surfaces traditional solar could never reach.

Matthew Stier, Automation and Controls Engineer – Matt brings 15 years of automation and electronics engineering experience and has led technical installation and service operations for industrial equipment, including service at Lippert. He is responsible for electrical system integration, controls, and the automation of the ElectroFlex^® application process on OEM production lines.

Kevin Graham, Field Services Manager – Kevin brings 10 years of industrial equipment experience spanning field service, machinery relocation, rigging, and installation, including service at Lippert. He manages on-site pilot installations, field logistics, and service support for OEM partners.

Jessica Holden, Customer Service and Inside Sales – Jessica manages customer service and inside sales for OEM partners, coordinating specifications, samples, quotes, and orders from first inquiry through delivery. She previously served as Regional Sales Manager for The Vomela Group’s Transportation Division, serving transportation and fleet customers.

ElectroFlex^® is engineered to generate electricity on curved and flat surfaces traditional solar could never reach. When manufacturers apply ElectroFlex^® to rooftops and body panels, customers can feel the value immediately. ElectroFlex^® integrates directly onto the manufacturer’s product on its own production line, in a single step, as part of assembly. There are no racks to engineer, no structures to reinforce, and no penetrations to seal. The Deployment and Integration Team makes that happen on the plant floor. For qualified OEMs, the Team engineers the energy system, supplies wiring and harnessing, develops the application process, and trains manufacturing personnel, so ElectroFlex^® fits into the production line the manufacturer already runs.

ElectroFlex^® is initially available exclusively to America’s Tier-1 OEM manufacturers and expand to select North American and Asian markets in the coming quarters. Manufacturers interested in a prototype or pilot program may request specifications, samples, and integration support via the Company’s website at www.solarwindow.com or by calling +1 (800) 213-0689.

About SolarWindow Technologies, Inc.

SolarWindow Technologies, Inc. (Symbol: WNDW; www.solarwindow.com) is an energy technology company developing and commercializing solar products designed to generate electricity on the surfaces of everyday products and buildings, including surfaces that conventional solar panels cannot serve.

The Company’s portfolio currently spans two product lines:

ElectroFlex^® is an ultra-thin, ultra-lightweight, flexible solar product available today for manufacturers, bonding directly to flat and curved surfaces without racks, frames, or mounting hardware, across transportation, marine, aerospace, agricultural, infrastructure, and specialty vehicle applications.

LiquidElectricity^® is a proprietary transparent coating that generates electricity when applied to glass and plastics, producing power under natural, artificial, low, shaded, and reflected light conditions. LiquidElectricity^® is currently under development and not available for purchase.

The SolarWindow Promise: Engineer, design, and ultimately manufacture and deliver products which reward customers with affordable clean energy for a healthier, safer, and more sustainable planet. SolarWindow is ClearlyElectric^®.

SolarWindow Contacts

For additional information on SolarWindow, please call Amit Singh at +1 (800) 213-0689, or visit www.solarwindow.com.

To receive future press releases via email, please visit: https://solarwindow.com/join-our-email-list/

To view the full HTML text of this release, please visit: https://solarwindow.com/media/news-events/

Social Media Disclaimer

SolarWindow stockholders, investors and others should note that we announce material information to the public about the Company through a variety of means, including our website (https://www.solarwindow.com/investors), through press releases, SEC filings, public conference calls, via our corporate X account (@solartechwindow), Facebook page (https://www.facebook.com/SolarWindowTechnologies) and LinkedIn page (https://www.linkedin.com/company/solar-window-technology/) in order to achieve broad, non-exclusionary distribution of information to the public and to comply with our disclosure obligations under Regulation FD. We encourage our investors and others to monitor and review the information we make public in these locations as such information could be deemed to be material information. Please note that this list may be updated from time to time.

Forward-Looking Statements

This press release contains information about SolarWindow that may constitute “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon current expectations or beliefs, as well as a number of assumptions about future events. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those laws as applicable. Although SolarWindow believes that the expectations reflected in such forward-looking statements and the assumptions upon which they are based are reasonable as of the time made, no assurance can be given that such expectations and assumptions will prove to have been correct.

Generally, we have identified such forward-looking statements by using such words as “aim,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “may,” “plan,” “project,” “should,” “target,” “will,” and similar expressions or by using future dates in connection with any discussion of, among other things, statements expressing general views about the future development, manufacture, production, marketing, or sale of SolarWindow products, or the execution of manufacturing, licensing, or partnership agreements, that we expect or anticipate will occur in the future, as well as anticipated cost savings, potential capital and operational improvements, and changes in the global economic environment. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements include all statements that are not historical facts, but instead represent only our beliefs regarding future goals, plans and expectations about our prospects for the future and other events, many of which, by their nature, are inherently uncertain and outside of our control. It is possible that actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements.

Caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made and are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence, technical problems relating to manufacturing methodologies, price increases for supplies and components, dependence on third-party manufacturers, suppliers, and contract personnel, the inability to convert customer interest into purchase orders, litigation and other proceedings, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, failure to obtain required regulatory approvals, inflationary factors, and other risks, including those described under “Risk Factors” in SolarWindow’s most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. All information in this press release is as of the date set forth above. SolarWindow does not undertake any duty to update any forward-looking statement to conform the statement to actual results or changes in its expectations, whether because of new information, future events or otherwise, except as required by law. No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e2837b1-c8f6-45a5-b4ce-c13b184c413a

MONTREAL, Nov. 03, 2026 (GLOBE NEWSWIRE) — Dorel Industries, Inc.  (TSX: DII.B, DII.A)  

CONFERENCE CALL:
OPEN TO:	Analysts, investors and all interested parties
DATE:	Tuesday, November 10, 2026
TIME:	11:00 AM Eastern Time
CALL:	1-833-752-3231

THE PRESS RELEASE WILL BE PUBLISHED THE DAY PRIOR (NOVEMBER 9) AFTER MARKETS CLOSE, THROUGH GLOBENEWSWIRE.

Please dial in 15 minutes before the conference begins.

If you are unable to call in at this time, you may access a recording of the meeting by calling 1-855-669-9658 and entering the passcode 8505313 on your phone. This recording will be available on Tuesday, November 10, 2026, as of 2:30 PM until 11:59 PM on Tuesday, November 17, 2026.

MEDIA WISHING TO QUOTE AN ANALYST SHOULD CONTACT THE ANALYST PERSONALLY FOR PERMISSION.

Interested parties may also listen to a live webcast at https://www.dorel.com/eng/shareholder-information.

For further information contact John Paikopoulos, Dorel Industries Inc. at 514-934-3034.

Job growth remains consistent as weekly hours worked growth stays positive

ROCHESTER, N.Y., Nov. 03, 2026 (GLOBE NEWSWIRE) — According to the Paychex Small Business Employment Watch, job growth among U.S. small businesses with fewer than 50 employees held steady in October. Hourly earnings growth remained below three percent for the 26th consecutive month, while weekly hours worked growth was positive for an eighth consecutive month, as employers continue to meet demand by increasing hours among their existing workforce.

“Job growth among small businesses with fewer than 50 employees has been largely unchanged over the last year, as employers continue to find ways to meet demand with the teams they have in place,” said John Gibson, Paychex president and CEO. “Weekly hours worked growth has remained positive for eight consecutive months, a trend that signals businesses are generating greater output from their existing workforce while remaining disciplined about adding headcount. Despite an evolving macroeconomic environment and ongoing challenges finding qualified workers, our customers continue to demonstrate resilience, with slightly stronger job growth among businesses with more than 50 employees. Overall, the labor market remains fundamentally solid.”

Jobs Index and Wage Data Highlights

• The national jobs index gained 0.06 percentage points in October to 99.21 and has been essentially unchanged compared to the last month (99.15), quarter (99.23), and year (99.27).
• The Midwest (99.51) topped regions for small business employment growth in October, a position it has held for 28 of the past 29 months.
• More than half of the states analyzed increased their pace of job growth in October.
• Arizona (100.85) led states for small business job growth for the third consecutive month, while Phoenix (101.57) led the largest metros, driven by strong gains in Manufacturing.
• Education and Health Services (99.86) remained the top sector for small business job growth in October and has been among the top two sectors every month since February 2023.
• Hourly earnings growth reported 2.88% in October, while weekly hours worked growth was positive at 0.11%.
• Weekly earnings growth increased to 3.04% in October, though three-month annualized growth (2.89%) slipped below three percent for the first time since February 2026 (2.42%).
• Among sectors, Construction and Manufacturing led growth across hourly earnings, weekly earnings, and weekly hours worked in October.

About the Paychex Small Business Employment Watch
Since 2014, the Paychex Small Business Employment Watch has been a trusted source of employment trends for U.S. small businesses with fewer than 50 employees. The Employment Watch website offers interactive charts and historical data across the report’s two key components – the jobs index and wage data – as well as the methodology for both analyses. Visit the Bloomberg Terminals or subscribe to receive monthly alerts with the latest data.

*Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website.

About Paychex
Paychex, Inc. (Nasdaq: PAYX) provides a comprehensive suite of expert-enabled technology and advisory solutions that help businesses manage HR, payroll, and benefits. Serving approximately 840,000 customers and paying 1 in 11 U.S. private sector workers, Paychex combines scale, trusted expertise, and innovation to help businesses succeed. Built on more than 50 years of workforce experience and one of the industry’s largest proprietary HR datasets, Paychex’s WISE agentic AI engine embeds intelligence directly into workflows to improve productivity, enhance decision-making, and deliver better outcomes. Learn more at paychex.com.

Media Contacts
Tracy Volkmann
Paychex, Inc.
Manager, Public Relations
(585) 387-6705
tvolkmann@paychex.com

Erin McAward
ICR, Inc.
Account Director
paychexpr@icrinc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7c149457-0387-44b2-ad0f-be1d132ee95e

Acquisition Adds Established Enterprise Client Relationships, Experienced U.S. Sales Leadership, and Back-Office Synergies

OLD GREENWICH, Conn., Nov. 03, 2026 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR and STRRP) (“Star” or the “Company”), a diversified holding company, announced today its Hudson Talent Solutions business (“HTS”) has acquired Cornerstone RPO LLC (“Cornerstone”), a recruitment process outsourcing (“RPO”) provider based in Richmond, Virginia. The transaction closed on November 2, 2026. Cornerstone will operate as part of HTS within Star’s Business Services division.

Founded in 2005 by Rodney Ashby and David Kenworthy, Cornerstone delivers flexible, people-focused recruiting solutions across the United States, Canada, and Mexico. It serves more than 30 active clients and has worked with more than 200 organizations, from startups to Fortune 100 companies, across financial services, manufacturing, technology, hospitality, and healthcare.

This acquisition advances HTS’s strategy as a global total talent solutions provider, with capabilities spanning RPO, talent advisory, workforce solutions, executive search, employer branding, sourcing, and recruitment technology across the Americas, EMEA, and Asia Pacific. The combination gives HTS’s clients access to Cornerstone’s expertise and experienced team, strengthening HTS’s ability to support complex and changing hiring needs across North America.

Mr. Ashby, Managing Principal of Cornerstone, an expert in recruiting strategy, sales process design, and project execution, has joined HTS as a North American Sales Leader focused on building new enterprise accounts and integrating Cornerstone’s clients into HTS’s operations.

Jeff Eberwein, CEO of Star, said, “Cornerstone is a price-disciplined, value-enhancing bolt-on acquisition for HTS and is another clear example of how Star’s acquisition strategy can accelerate growth. With Cornerstone, we are adding established client relationships, an experienced U.S. team, and a proven sales leader. Additionally, bringing Cornerstone onto HTS’s existing back-office platform will drive improved cost efficiency. HTS’s larger U.S. footprint is expected to add U.S. taxable income, helping Star make more efficient use of its sizeable NOL.”

Jake Zabkowicz, Global CEO of HTS, added, “The addition of Cornerstone to HTS immediately bolsters our presence in the U.S. RPO market, the world’s largest, and brings a roster of blue-chip clients, marking an important step in our growth strategy. Cornerstone has built a strong business by staying close to its clients and delivering flexible solutions that work effectively. We see a clear opportunity to grow Cornerstone’s existing client engagements into larger, longer-term programs through HTS’s enterprise RPO, talent advisory, and TalentFusion™ capabilities, without losing the responsiveness and human connection that define strong partnerships. I have tremendous confidence in Rodney and David’s leadership, and I’m thrilled to welcome them and the Cornerstone team to HTS.”

About Star Equity Holdings, Inc.
Star Equity Holdings, Inc. is a diversified holding company that seeks to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities. Its current structure comprises four divisions: Building Solutions, Business Services, Energy Services, and Investments. For more information, visit www.starequity.com.

Building Solutions
The Building Solutions division operates in three specialties: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber (glulam) column, beam, and truss manufacturing.

Business Services
The Business Services division provides flexible and scalable recruitment solutions to a global clientele, serving organizations at all levels, from entry-level positions to the C-suite. The division focuses on mid-market and enterprise organizations worldwide, partnering consultatively with talent acquisition, HR, and procurement leaders to build diverse, high-impact teams and drive business success.

Energy Services
The Energy Services division engages in the rental, sale, and repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries.

Investments
The Investments division manages and finances the Company’s real estate assets as well as its investment positions in private and public companies.

Forward-Looking Statements
This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company’s future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “predict,” “believe,” and similar words, expressions, and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties, and assumptions include, but are not limited to, (1) global economic fluctuations, (2) changes in the cost and availability of commodities, materials, and equipment, (3) risks related to providing uninterrupted service to clients, (4) the ability of clients to terminate their relationship with the Company at any time, (5) risks associated with real estate ownership, (6) the Company’s ability to successfully achieve its strategic initiatives, (7) risks related to fluctuations in the Company’s operating results from quarter to quarter, (8) risks related to potential acquisitions or dispositions of businesses by the Company, (9) our profitability and growth being tied to the success of our operating businesses, (10) risks associated with our financial investments in other businesses, (11) our ability to improve existing products and services and develop, introduce, and market new products and services successfully, (12) the loss of or material reduction in our business with any of the Company’s largest customers, (13) competition in the Company’s markets, (14) risks related to potential decreases in demand for products, (15) our ability to maintain costs at an acceptable level, (16) the negative cash flows and operating losses that may recur in the future, (17) risks related to international operations, including foreign currency fluctuations, political events, trade wars, natural disasters or health crises, including the Russia-Ukraine war, and potential conflict in the Middle East, (18) risks relating to how future credit facilities may affect or restrict our operating flexibility, (19) our ability to generate or borrow sufficient cash to make payments on our indebtedness, (20) risks related to indebtedness, (21) risks associated with the Company’s investment strategy, (22) the Company’s dependence on key management personnel, (23) the Company’s ability to attract and retain highly skilled professionals, management, and advisors, (24) the Company’s ability to collect accounts receivable, (25) the Company’s exposure to legal proceedings, investigations and disputes, and limits on related insurance coverage, (26) the Company’s ability to utilize net operating loss carryforwards, (27) the potential for goodwill impairment, (28) volatility of the Company’s stock price, (29) risks related to our historically low trading volume, (30) risks related to securities or industry analysts, (31) the Company’s ability to declare dividends, (32) risks associated with failure to pay dividends on our Series A Preferred Stock, (33) our history of annual net losses, (34) risks related to compliance with federal and state laws, regulations, and other rules, (35) our exposure to employment-related claims, legal liability, and costs from clients, employees, and regulatory authorities, (36) risks related to the imposition of licensing or tax requirements or new regulations, (37) the effect of anti-takeover provisions in our organizational documents, (38) the effect of the protective amendment contained in our Restated Certificate of Incorporation, (39) the impact of our stockholder rights plan, or “poison pill,” on stockholder decision making, (40) risks related to our scaled disclosure requirements as a smaller reporting company, (41) the heavy reliance on information systems and the impact of potentially losing or failing to develop technology, (42) the adverse impacts of cybersecurity threats and attacks, (43) risks related to the use of new and evolving technologies, and (44) those risks set forth in “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The foregoing list should not be construed to be exhaustive. Actual results could differ materially from the forward-looking statements contained in this press release. In view of these uncertainties, you should not place undue reliance on any forward-looking statements, which are based on our current expectations. These forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information contact:
The Equity Group
Lena Cati
Senior Vice President
212-836-9611
lena.cati@theequitygroup.com