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Gas-Insulated Switchgear Market worth $38.36 billion by 2031 | MarketsandMarkets™

Posted on May 6, 2026 by sHq_LoGiNz

DELRAY BEACH, Fla., May 6, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Gas-Insulated Switchgear Market size is projected to grow from USD 28.00 billion in 2026 to USD 38.36 billion by 2031 at a compound annual growth rate (CAGR) of 6.5% during the forecast period.

Browse 275 market data Tables and 70 Figures spread through 320 Pages and in-depth TOC on “Gas-Insulated Switchgear Market – Global Forecast to 2031”

The steady expansion of the global Gas-Insulated Switchgear Market underscores the increasing demand for reliable, compact, and efficient power distribution systems, particularly in urban and space-constrained environments. The strong growth trajectory is primarily supported by favorable government policies, increasing investments in power transmission and distribution infrastructure, and the growing need to integrate renewable energy sources amid global decarbonization targets. As countries accelerate electrification and grid modernization efforts to meet net-zero commitments, gas-insulated switchgear is emerging as a critical enabler, particularly in regions with high population density and limited space for conventional substations.

Furthermore, the anticipated market expansion reflects a transition toward advanced and sustainable grid infrastructure, driven by technological advancements and improving system efficiency. The moderate growth rate also indicates steady investment confidence, as utilities and industries increasingly adopt gas-insulated switchgear solutions. Advancements in SF6-free technologies, digital monitoring systems, and compact substation designs are expected to drive operational improvements and reduce environmental impact, making systems more aligned with evolving regulatory requirements. In parallel, strengthening supply chains, increasing investments in smart grid infrastructure, and growing collaboration across utilities, manufacturers, and technology providers are further reinforcing the market’s scalability. Collectively, these factors position the Gas-Insulated Switchgear Market as a critical segment within the global power infrastructure landscape over the coming decade.

Gas-Insulated Switchgear Market Size & Forecast:

Market Size Available for Years: 2021–2031
2025 Market Size: USD 26.90 billion
2031 Projected Market Size: USD 38.36 billion
CAGR (2025–2030): 6.5%

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Outdoor installation segment held the largest share of the Gas-Insulated Switchgear Market in 2025

The outdoor installation segment held the largest share of the Gas-Insulated Switchgear Market in 2025, primarily due to its widespread application in high-voltage transmission and distribution networks. Outdoor GIS systems are designed to operate reliably under diverse environmental conditions, including extreme temperatures, humidity, and pollution, making them suitable for large-scale utility and infrastructure projects. Their ability to support high-voltage operations and integrate efficiently with grid expansion initiatives has accelerated their adoption across key markets such as Asia Pacific, Europe, and North America. Additionally, outdoor GIS installations benefit from robust construction and lower space constraints compared to indoor systems, enabling deployment in utility substations and remote locations. Their compatibility with grid modernization efforts and renewable energy integration further strengthens their economic viability by improving system reliability and operational efficiency. As a result, utilities and infrastructure developers are increasingly prioritizing outdoor GIS solutions, thereby reinforcing their dominant market position.

SF6-free insulation segment is likely to be the fastest-growing during the forecast period

The SF6-free segment, based on insulation technologies, such as clean air, vacuum, or fluoronitrile-based mixtures, is expected to be the fastest-growing during the forecast period due to increasing environmental regulations and sustainability targets. Traditional SF6 gas is widely recognized for its high global warming potential, leading governments and regulatory bodies to introduce stricter policies to reduce its usage in power equipment. As a result, utilities and grid operators are actively shifting toward SF6-free solutions to align with decarbonization goals and future-proof their infrastructure. In addition, continuous technological advancements have improved the performance, safety, and reliability of SF6-free GIS, making it a viable replacement for conventional systems. Growing investments in green energy projects and modern grid infrastructure further support this transition, positioning SF6-free insulation as a key growth driver in the GIS market.

Asia Pacific is expected to be the fastest-growing region in the global Gas-Insulated Switchgear Market during the forecast period

Asia Pacific is expected to be the fastest-growing region in the global Gas-Insulated Switchgear Market during the forecast period, owing to the rapid urbanization, strong government support, and rising electricity demand. China, India, Japan, and South Korea are witnessing significant investments in power transmission and distribution infrastructure, where gas-insulated switchgear is increasingly preferred for its compact design and high reliability. Governments are actively accelerating grid modernization through targeted policies, electrification initiatives, and renewable energy integration programs. Additionally, increasing electricity demand, combined with space constraints in urban areas, is encouraging the adoption of compact and efficient switchgear solutions. The region is also seeing growing investments from utilities and industrial players, along with strategic partnerships to strengthen supply chains and improve project execution. As technological advancements in SF6-free switchgear and digital substations continue to evolve, the region is well-positioned to experience strong growth, supporting its leading role in the global Gas-Insulated Switchgear Market.

Top Companies in Gas-Insulated Switchgear Industry:

Key players in the global Gas-Insulated Switchgear Market include General Electric Company (US), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Mitsubishi Electric Corporation (Japan), Toshiba Energy Systems & Solutions Corporation (Japan), Hitachi Ltd. (Japan), Hyundai Electric Co., Ltd. (South Korea), Fuji Electric Co., Ltd. (Japan), CG Power and Industrial Solutions Ltd. (India), Nissin Electric Co., Ltd. (Japan), Meidensha Corporation (Japan), Powell Industries (US), Hyosung Heavy Industries (South Korea), Sieyuan Electric Co., Ltd. (China), CHINT Group (China), Iljin Electric (South Korea), Zhejiang Volcano Electrical Technology Co., Ltd. (China), Henan Pinggao Electric Co., Ltd. (China), XIAN XD SWITCHGEAR ELECTRIC CO., LTD (China), Switchgear Company (Belgium), Elektrobudowa S.A. (Poland), SEL S.p.A. (Italy), and G&W Electric (US).

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Eaton

Eaton offers power management solutions. The company provides innovative and sustainable products and services to enhance the quality of life and the environment. With a strong focus on electrical, hydraulic, and mechanical power management, its extensive portfolio caters to a range of sectors, including industrial, commercial, and utility. Its commitment to operational excellence and customer satisfaction drives its continuous growth and market leadership. Electrical Americas, Electrical Global, Aerospace, Vehicle, and e-Mobility are the company’s five business segments. It provides gas-insulated switch gear under its Electrical Americas and Electrical Global business segments. The company’s product offerings in the Gas-Insulated Switchgear Market include the Power Xpert XGIS medium-voltage switchgear. This compact, arc-resistant switchgear is designed for high reliability and enhanced safety. It is suitable for applications in the industrial, oil & gas, data centers, utility, mining, and infrastructure segments. The company operates in over 175 countries, with a significant presence in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Its global reach is supported by a network of manufacturing facilities, sales offices, and service centers, ensuring that Eaton’s innovative solutions are accessible to customers worldwide. This extensive geographical presence enables Eaton to effectively address the diverse needs of its global customer base and maintain its competitive edge in the power management industry.

Schneider Electric

Schneider Electric is a global leader in energy management and automation, providing innovative solutions to enhance efficiency and sustainability. The company offers a range of products and services, including electrical distribution, industrial automation, and critical power and cooling solutions. Its commitment to sustainability and digital transformation positions it as a key player in the global market, driving advancements in various sectors such as energy, infrastructure, and data centers. Energy Management and Industrial Automation are its two business segments. Gas-insulated switchgear is available under the Energy Management segment; it leverages low-voltage, medium-voltage, and secure power, all of which share the goal of managing energy efficiently and reliably and have similar economic characteristics. It offers advanced solutions designed to meet the needs of modern power distribution systems. Its product portfolio includes the GHA and CBGS-0 gas-insulated switchgear, which are known for their compact design, high reliability, and low maintenance requirements. These switchgear solutions are ideal for applications in industrial, utility, and infrastructure projects, providing enhanced safety and operational efficiency. Its GIS products are engineered to deliver superior performance while minimizing environmental impact, aligning with the sustainability goals. It operates in over 100 countries, with a strong presence in key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Its extensive global footprint is supported by a network of manufacturing facilities, research & development centers, and sales offices, enabling it to deliver localized solutions and services to its customers.

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KISTERS launches HyQuant Edge: The first radar sensor-based monitoring station for quantitative hydrology

Posted on May 6, 2026 by sHq_LoGiNz

A new category in water monitoring that replaces multi-component station setups with a single compact unit, reducing power consumption and enabling deployment in minutes

AACHEN, Germany, May 6, 2026 /PRNewswire/ — KISTERS today announced the launch of HyQuant Edge, an all-in-one hydrological monitoring station powered by KIPTEC (KISTERS Intelligence Platform Technology for Embedded Connectivity). It is the first hydrological solution to bring radar measurement, data logging, edge processing, transmission, and cloud connectivity together in a single compact device – removing the need for the multi-component station architectures that have defined the sector for decades.

The launch addresses a structural challenge in quantitative hydrological monitoring. Although across different industries devices have grown smaller, smarter, and more autonomous, hydrology has remained behind, sometimes making deployment costly and remote sites impractical.

“Traditional monitoring stations have always been about collection and transfer. That required multiple components, assembled on site, with no intelligence layer in between. KISTERS designed HyQuant Edge to change that story.” – Klaas Schulze Dieckhoff, Global Head of R&D, KISTERS

HyQuant Edge offers something fundamentally different: Self-contained, adaptive systems where measurement, processing, and communication work as one. This enables teams to deploy more sites with less infrastructure, at lower cost per site.

Ideal for remote, temporary, and emergency deployments and network densification, they are equally suited to permanent sites where infrastructure is limited.

HyQuant Edge stations are available in four versions – Level (L), Surface Velocity (V), Combined Level and Velocity (L+V), and Discharge (Q) – L, V and L+V versions upgradeable to Q via software update, with no hardware replacement required.

The stations are secure by design and connect to the cloud automatically. They save power draw using event-driven adaptive logging and maintain data integrity during connectivity outages via store-and-forward capability. Manufactured in Germany, they support LTE-Cat-M1/NB-IoT and integrate with existing monitoring platforms via open standards.

“There have always been more places worth measuring than systems capable of reaching them due to deployment constraints. HyQuant Edge is the choice that can fit within existing infrastructure and budget constraints – especially valued in network densification.” – Dr. Anton Felder, Global Director HydroMet, KISTERS

Discover HyQuant Edge and follow KISTERS on LinkedIn.

About KISTERS: A privately owned international organisation specialising in environmental data, instrumentation, and IT, developing data-driven solutions across water, weather, and renewable energy.

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Anna Wall
anna.wall@kisters.co.uk

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SOURCE KISTERS

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KISTERS launches HyQuant Edge: The first radar sensor-based monitoring station for quantitative hydrology

Posted on May 6, 2026 by sHq_LoGiNz

A new category in water monitoring that replaces multi-component station setups with a single compact unit, reducing power consumption and enabling deployment in minutes

Ideal for remote, temporary, and emergency deployments and network densification, they are equally suited to permanent sites where infrastructure is limited.

Discover HyQuant Edge and follow KISTERS on LinkedIn.

Photo: https://mma.prnewswire.com/media/2970619/KISTERS_HyQuant_Edge.jpg
Logo: https://mma.prnewswire.com/media/2688474/KISTERS_Logo.jpg

Media enquiries:
Anna Wall
anna.wall@kisters.co.uk

SOURCE KISTERS

Posted in UncategorizedTagged PR Newswire

KISTERS launches HyQuant Edge: The first radar sensor-based monitoring station for quantitative hydrology

Posted on May 6, 2026 by sHq_LoGiNz

A new category in water monitoring that replaces multi-component station setups with a single compact unit, reducing power consumption and enabling deployment in minutes

Ideal for remote, temporary, and emergency deployments and network densification, they are equally suited to permanent sites where infrastructure is limited.

Discover HyQuant Edge and follow KISTERS on LinkedIn.

Photo: https://mma.prnewswire.com/media/2970619/KISTERS_HyQuant_Edge.jpg
Logo: https://mma.prnewswire.com/media/2688474/KISTERS_Logo.jpg

Media enquiries:
Anna Wall
anna.wall@kisters.co.uk

SOURCE KISTERS

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WRI & Rockefeller Foundation: Early Climate Health Investments Generate 68-Fold Gains in Low- and Middle-Income Countries

Posted on May 6, 2026 by sHq_LoGiNz

New World Resources Institute analysis, supported by The Rockefeller Foundation, reveals that every $1 invested in preparing for climate-caused health risks can yield up to $68 in benefits for communities in Africa, Asia, Latin America and the Caribbean, and the Middle East.
Research shows how tools and services like early warning systems and disease surveillance significantly reduce deaths and illness, helping more communities in low- and middle-income countries become more resilient.

WASHINGTON, May 6, 2026 /PRNewswire/ — World Resources Institute (WRI) and The Rockefeller Foundation today announced new research from WRI, which finds that early investment in climate health solutions in low- and middle-income countries can yield between US$4 and US$68 in benefits for every US$1 invested.

With funding from The Rockefeller Foundation, WRI analyzed a range of tools and services — such as early warning systems, disease surveillance and public awareness campaigns — across 46 projects in 40 countries in Sub-Saharan Africa (26), Latin America and the Caribbean (7), Asia (4), and the Middle East and North Africa (3).

The research shows that delivering a full package of these tools and services helps governments, hospitals, emergency responders and communities better understand, prepare for, mitigate, and respond to the health impacts of extreme heat, weather disasters and other climate risks affecting hundreds of millions of people worldwide.

“Climate disasters are becoming more frequent and more destructive, but how severely they affect human health is still within our control,” said Ani Dasgupta, President and CEO of WRI. “Health is the most human face of climate change — it affects everyone, especially children, and disproportionately harms the poorest communities. Investing in anticipating climate-related health risks can save lives and deliver returns many times over. This is one of the highest-return opportunities to protect people in a changing climate — but only if countries and development partners step up.”

Climate change is emerging as one of the defining public health challenges of our time. Rising temperatures are driving more frequent and severe heatwaves, while floods and extreme weather events are accelerating the spread of infectious diseases and disrupting healthcare systems. This includes, but is not limited to, malaria, dengue, cholera, diarrhea, and heatstroke, which disproportionately affect more vulnerable populations. Without stronger action, low- and middle-income countries could face nearly 16 million deaths and more than $20 trillion in economic losses by 2050 from climate-related health impacts. Yet, less than half of health ministries currently integrate climate data into national health surveillance systems, according to a forthcoming survey by the World Health Organization.

The study finds that every $1 invested by low- and middle-income countries in these services can yield US$4 to US$68 in economic benefits, depending on local conditions and implementation. These investments enable earlier, more targeted actions that reduce illness and death — lowering emergency response costs and easing long-term strain on health systems.

“The climate crisis is a health crisis, one that is hurting the people already most vulnerable to the impacts of extreme heat and natural disasters,” said Dr. Naveen Rao, Senior Vice President of Health at The Rockefeller Foundation. “This study shows how even modest investments can help communities get ahead of climate-driven health threats, strengthening health systems and saving lives. The priority now is scaling these solutions to match the risks.”

High Returns, Modest Costs
WRI estimates that for a low- and middle-income country with a population of 25 million, delivering a full package of these tools and services costs an estimated $18 million per year (or 72 cents per person) with individual components ranging from $1.4 million to $5.9 million annually — a relatively modest investment compared to the value of lives saved and losses avoided.

In some cases, returns are even higher. Efforts to strengthen the resilience of health facilities generated returns of $168 for every $1 invested in Jamaica and $317 in St. Lucia. Urban heat wave warning systems in Indian cities show average returns of around $50 per $1 invested.

Despite the clear benefits, adoption remains limited. Many health ministries report that climate-related health services are among the most difficult to fund, while many national meteorological agencies often lack the resources to support the cross-agency collaboration needed to develop them.

“If we fail to act, our changing climate will continue to reshape health risks faster than our systems can adapt,” said Professor Celeste Saulo, WMO Secretary-General. “But we are not powerless. We already have the science, data, and tools to anticipate and reduce these risks. Investing in climate services for health should not be seen as a burden: it is a life‑saving, cost‑effective choice that helps countries act earlier, protect people, and prevent crises before they escalate.”

About World Resources Institute (WRI)
WRI works to improve people’s lives, protect and restore nature and stabilize the climate. As an independent research organization, we leverage our data, expertise and global reach to influence policy and catalyze change across systems like food, land and water; energy; and cities. Our 2,000+ staff work on the ground in more than a dozen focus countries and with partners in over 50 nations.

About The Rockefeller Foundation
Investing $30 billion over the last 113 years to promote the well-being of humanity, The Rockefeller Foundation is a pioneering philanthropy built on unlikely partnerships and innovative solutions that deliver measurable results for people in the United States and around the world. We leverage scientific breakthroughs, artificial intelligence, and new technologies to make big bets across energy, food, health, and finance, including with our public charity, RF Catalytic Capital (RFCC). For more information, sign up for our newsletter at www.rockefellerfoundation.org/subscribe and follow us on X @RockefellerFdn, Instagram @rockefellerfdn, and LinkedIn @the-rockefeller-foundation.

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RECYCLEXPERT FZE Strengthens Leadership in Data Destruction UAE and GCC with Certified Secure ITAD Services

Posted on May 6, 2026 by sHq_LoGiNz

RECYCLEXPERT FZE, a leading provider of data destruction UAE and IT asset disposition (ITAD) UAE, today announced the expansion of its certified secure data destruction and e-waste recycling services across the UAE and wider GCC region.

DUBAI, UAE and SHARJAH, UAE and ABU DHABI, UAE, May 5, 2026 /PRNewswire/ — With increasing regulatory pressure and rising cybersecurity risks, organizations across sectors—including banking, healthcare, and government—are prioritizing secure data destruction UAE and compliant IT disposal practices. RECYCLEXPERT FZE addresses this demand with a full suite of services, including hard drive shredding UAE, data wiping services UAE, and onsite data destruction UAE.

Certified and Compliant Data Destruction Services

RECYCLEXPERT FZE delivers certified data destruction UAE aligned with global standards such as NIST 800-88 for data wiping and supports TDRA data destruction UAE compliance requirements. The company’s processes ensure complete data sanitization through:

NIST 800-88 data wiping UAE
Degaussing services UAE
HDD shredding UAE and SSD destruction UAE
Hard drive destruction services with certificate UAE

As an emerging R2v3 certified ITAD UAE provider, RECYCLEXPERT FZE combines environmental responsibility with secure IT lifecycle management.

End-to-End IT Asset Disposition (ITAD) Solutions

As one of the fastest-growing ITAD companies UAE, RECYCLEXPERT FZE provides comprehensive IT asset disposal UAE services, including:

Server disposal UAE
Laptop disposal UAE
Bulk laptop disposal UAE
Data center decommissioning UAE

Organizations searching for a reliable ITAD company Dubai or enterprise data destruction UAE partner can benefit from RECYCLEXPERT FZE’s secure logistics, serialized tracking, and full audit trails.

Specialized Industry Solutions

RECYCLEXPERT FZE supports high-compliance industries with tailored solutions:

Regional Expansion Across GCC

In addition to strengthening its presence in data destruction Dubai and data destruction Sharjah, RECYCLEXPERT FZE is expanding services across the GCC, including:

Data destruction Saudi Arabia and IT asset disposal KSA
Secure data wiping Riyadh
Data destruction Qatar and ITAD services Doha
Data destruction Kuwait and hard drive shredding Kuwait
Data destruction Oman and IT asset disposal Muscat
Data destruction Bahrain and ITAD Bahrain

Sustainable E-Waste Recycling Leadership

Beyond security, RECYCLEXPERT FZE is committed to sustainability through responsible e-waste recycling UAE and electronics recycling UAE practices. The company ensures environmentally compliant disposal while maximizing asset recovery value.

Addressing Growing Demand for Secure IT Disposal

As businesses increasingly search for solutions like “how to destroy hard drive securely UAE” or “best data destruction company UAE,” RECYCLEXPERT FZE continues to position itself as a trusted partner offering:

Onsite hard drive shredding Dubai
Certified data wiping company UAE
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About RECYCLEXPERT FZE

RECYCLEXPERT FZE is a UAE-based provider of secure IT asset disposition (ITAD), data destruction, and electronics recycling services. The company specializes in compliant, certified, and environmentally responsible solutions for enterprises, government entities, and SMEs across the UAE and GCC.

Media Contact:
RECYCLEXPERT FZE
Website: https://recyclexpert.ae
Email: info@recyclexpert.ae

Contact:
RECYCLEXPERT FZE
***@recyclexpert.ae

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SOURCE RECYCLEXPERT FZE

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RECYCLEXPERT FZE Strengthens Leadership in Data Destruction UAE and GCC with Certified Secure ITAD Services

Posted on May 6, 2026 by sHq_LoGiNz

Certified and Compliant Data Destruction Services

NIST 800-88 data wiping UAE
Degaussing services UAE
HDD shredding UAE and SSD destruction UAE
Hard drive destruction services with certificate UAE

As an emerging R2v3 certified ITAD UAE provider, RECYCLEXPERT FZE combines environmental responsibility with secure IT lifecycle management.

End-to-End IT Asset Disposition (ITAD) Solutions

As one of the fastest-growing ITAD companies UAE, RECYCLEXPERT FZE provides comprehensive IT asset disposal UAE services, including:

Server disposal UAE
Laptop disposal UAE
Bulk laptop disposal UAE
Data center decommissioning UAE

Specialized Industry Solutions

RECYCLEXPERT FZE supports high-compliance industries with tailored solutions:

Regional Expansion Across GCC

In addition to strengthening its presence in data destruction Dubai and data destruction Sharjah, RECYCLEXPERT FZE is expanding services across the GCC, including:

Data destruction Saudi Arabia and IT asset disposal KSA
Secure data wiping Riyadh
Data destruction Qatar and ITAD services Doha
Data destruction Kuwait and hard drive shredding Kuwait
Data destruction Oman and IT asset disposal Muscat
Data destruction Bahrain and ITAD Bahrain

Sustainable E-Waste Recycling Leadership

Addressing Growing Demand for Secure IT Disposal

Onsite hard drive shredding Dubai
Certified data wiping company UAE
Data destruction company with certificate UAE

About RECYCLEXPERT FZE

Media Contact:
RECYCLEXPERT FZE
Website: https://recyclexpert.ae
Email: info@recyclexpert.ae

Contact:
RECYCLEXPERT FZE
***@recyclexpert.ae

Photos:
https://www.prlog.org/13143858

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/recyclexpert-fze-strengthens-leadership-in-data-destruction-uae-and-gcc-with-certified-secure-itad-services-302763408.html

SOURCE RECYCLEXPERT FZE

Posted in UncategorizedTagged PR Newswire

RECYCLEXPERT FZE Strengthens Leadership in Data Destruction UAE and GCC with Certified Secure ITAD Services

Posted on May 6, 2026 by sHq_LoGiNz

Certified and Compliant Data Destruction Services

NIST 800-88 data wiping UAE
Degaussing services UAE
HDD shredding UAE and SSD destruction UAE
Hard drive destruction services with certificate UAE

As an emerging R2v3 certified ITAD UAE provider, RECYCLEXPERT FZE combines environmental responsibility with secure IT lifecycle management.

End-to-End IT Asset Disposition (ITAD) Solutions

As one of the fastest-growing ITAD companies UAE, RECYCLEXPERT FZE provides comprehensive IT asset disposal UAE services, including:

Server disposal UAE
Laptop disposal UAE
Bulk laptop disposal UAE
Data center decommissioning UAE

Specialized Industry Solutions

RECYCLEXPERT FZE supports high-compliance industries with tailored solutions:

Regional Expansion Across GCC

In addition to strengthening its presence in data destruction Dubai and data destruction Sharjah, RECYCLEXPERT FZE is expanding services across the GCC, including:

Data destruction Saudi Arabia and IT asset disposal KSA
Secure data wiping Riyadh
Data destruction Qatar and ITAD services Doha
Data destruction Kuwait and hard drive shredding Kuwait
Data destruction Oman and IT asset disposal Muscat
Data destruction Bahrain and ITAD Bahrain

Sustainable E-Waste Recycling Leadership

Addressing Growing Demand for Secure IT Disposal

Onsite hard drive shredding Dubai
Certified data wiping company UAE
Data destruction company with certificate UAE

About RECYCLEXPERT FZE

Media Contact:
RECYCLEXPERT FZE
Website: https://recyclexpert.ae
Email: info@recyclexpert.ae

Contact:
RECYCLEXPERT FZE
***@recyclexpert.ae

Photos:
https://www.prlog.org/13143858

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/recyclexpert-fze-strengthens-leadership-in-data-destruction-uae-and-gcc-with-certified-secure-itad-services-302763408.html

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Fermi Responds to Former CEO’s Attempts to Take Control of Board and Reverse Board Actions Taken in Accordance with Their Fiduciary Duties to Remove Him as CEO and Terminate Him for Cause

Posted on May 6, 2026 by sHq_LoGiNz

Fermi Rejects Mr. Neugebauer’s Self-Interested Attempt to Call Special Shareholder Meeting as Invalid and Urges Shareholders Not to Respond to His Consent Solicitation

Company Has Received Significant Support for Fermi 2.0 from Shareholders Who Firmly Reject Mr. Neugebauer’s Purported Efforts to Take Control of Company

DALLAS, May 5, 2026 /PRNewswire/ — Fermi Inc. (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ (“Fermi” or the “Company”), today responded to two separate SEC filings made by its former chief executive officer Toby Neugebauer, the first to hold an invalidly called Special Meeting of Shareholders, and the second to solicit shareholder consents to call a Special Meeting, a tacit admission of the ineffectiveness of his first request. The Board is disappointed that Mr. Neugebauer has submitted these proposals and is seeking to take control of the Board and Fermi, believes the SEC filings reflect the actions of a disgruntled former CEO who was terminated for cause, and recommends that shareholders not take any action to support either solicitation. Fermi would note that in both requested actions, Mr. Neugebauer has proposed that Fermi reimburse Mr. Neugebauer for all of his costs associated with his efforts to take control of the Board.

As previously disclosed, the decisions to remove Mr. Neugebauer from his CEO position and to subsequently terminate him for cause were taken after more than a month of attempts to negotiate a peaceful transition with Mr. Neugebauer, after careful deliberation by the Board and committee members, and in accordance with their fiduciary duties. The Company’s stock price performance under Mr. Neugebauer’s leadership speaks for itself, with a decline of over 80% on his watch. In addition, Mr. Neugebauer’s removal from the office of CEO and subsequent termination for cause was the direct result of conduct violating the terms of his employment agreement as well as multiple company policies.

With respect to the first of Mr. Neugebauer’s proposals seeking to solicit proxies to vote at a Special Meeting of Shareholders on May 29, 2026, Mr. Neugebauer’s Special Meeting request is not valid, has been rescinded by the officers who assumed the offices he once held, and at the time his request was made, by Mr. Neugebauer’s own admission, when he knew he was going to be removed as CEO.

With respect to the second of Mr. Neugebauer’s proposals seeking to solicit shareholder consents to hold a second Special Meeting of Shareholders on or about June 30, 2026, Fermi believes Mr. Neugebauer’s consent solicitation is not in the best interests of its shareholders and recommends that shareholders not tender their consent. Shareholders are also advised that Fermi’s charter contains multiple provisions to protect its REIT status, one of which is a redemption provision which, upon exercise by the Company, would materially decrease Mr. Neugebauer’s ownership position in the Company and another of which prevents Mr. Neugebauer and his family members and affiliates from acquiring additional shares of Company common stock and any new shareholders from accumulating more than 2.5% of the Company’s outstanding stock.

Considered together, each of Mr. Neugebauer’s proposals seeks to expand the size of the Board, fill it with his nominees, take control of the Board and Fermi, and pursue his stated goal of selling Fermi, quickly. Notably, while Mr. Neugebauer’s filings state that he “does not intend to return to management,” he has made no binding commitment not to seek reappointment as CEO, and his stated lack of intent is expressly conditioned on his preference for a change-of-control transaction – leaving the door open for his return to an executive role if a sale does not materialize. As Fermi has previously indicated, an immediate sale at current trading levels is premature and could result in a transaction far below Fermi’s intrinsic value, an outcome clearly not in the best interest of shareholders. Fermi’s rejection of the request for an immediate sale has been validated by support from multiple stakeholders and potential counterparties who have expressed support for Fermi’s change in leadership.

Fermi is gratified that these investors and counterparties have communicated they firmly stand behind Fermi 2.0 and the Company’s strategic plan to build on the continued momentum of Project Matador. Given this positive momentum, Mr. Neugebauer’s calls for shareholder action are not in the best interest of shareholders, and they appear purposefully designed to derail any success Fermi 2.0 and the Company’s strategic plan might achieve. Fermi encourages its shareholders to support the Board, its officers, and employees in making Fermi 2.0 a success.

About Fermi America™

Fermi America™ (Nasdaq & LSE: FRMI) develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 GW of experience, to create the world’s largest, 11 GW next-gen private grid, helping ensure America’s energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation’s biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing.

Forward-Looking Statements

Statements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.

Additional Information and Where to Find It

Fermi intends to file with the SEC a definitive revocation statement on Schedule 14A in connection with the proposed solicitation by Mr. Neugebauer to be able to call a special meeting of Fermi security holders, as well as a definitive proxy statement on Schedule 14A with respect to its solicitation of proxies for any future meeting of the shareholders called as a result of Mr. Neugebauer’s solicitation, both containing a form of WHITE proxy card.

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REVOCATION STATEMENT AND ANY SUCH PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY FERMI AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.

Investors and security holders may obtain copies of these documents and other documents filed with the SEC by Fermi free of charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi’s website at www.fermiamerica.com.

Participants in the Solicitation

Fermi, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of revocations and proxies with respect to a solicitation by Fermi. Information about Fermi’s executive officers and directors is available in Fermi’s Annual Report on Form 10-K/A (the “Form 10-K/A”) for the year ended December 31, 2025, filed with the SEC on April 30, 2026. To the extent holdings by our directors and executive officers of Fermi securities reported in the Form 10-K/A have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are available free of charge at the SEC’s website at www.sec.gov. Copies of the documents filed by Fermi are also available free of charge by accessing Fermi’s website at www.fermiamerica.com.

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SOURCE Fermi Inc.

Posted in UncategorizedTagged PR Newswire

Rare Shades 7 presented by 000 Media adds study of Porsche sports cars in unusual colors at an extraordinary venue during NYCxDESIGN Festival

Posted on May 5, 2026 by sHq_LoGiNz

NEW YORK, May 5, 2026 /PRNewswire/ — On Saturday May 16, Rare Shades 7 will add a unique exhibition of Porsche colors to the diverse array of topics on offer during this year’s NYCxDESIGN Festival. The one-day show presented by 000 Magazine marks the first time that the general public will be allowed inside Wildflower Studios, a new 760,000sqft creative campus in Queens conceived by Robert De Niro, Raphael De Niro, and Adam Gordon to return filmmaking to New York City.

Now in its seventh edition, 000’s innovative Rare Shades event series explores Porsche through time, design, and the psychology of color—putting both newcomers to the marque and seasoned enthusiasts on equal footing as they consider its sports cars from a new perspective. “Rare Shades isn’t a car show as you know them,” said 000 Editor-in-Chief Pete Stout. “It’s a study of Porsche’s form language through the lens of one studio’s remarkable impact in the world of color and trim. 000 launched Rare Shades in 2018 to highlight that history within a modern automotive landscape dominated by black, white, silver, and gray cars—not to mention our desire to see a wide array of unusual Porsche colors in one place.”

Rare Shades 5 was hosted at Summit Skywalker Ranch in Marin County, while Rare Shades 6 took place at the Aga Khan Museum in Toronto. This year’s venue in New York City will be an integral part of the Rare Shades 7 experience.

“Wildflower Studios was designed to enable storytelling at the highest level,” said Adam Gordon, cofounder of Wildflower Studios. “Rare Shades 7 brings that vision into a new context—where design, light, and movement come together in a way that feels both unexpected and entirely natural for this space.”

With more than 100 cars on display, Rare Shades 7 will allow attendees to sample an important element of 000’s core ethos: exploring not just what happened at Porsche, but why.

Press photos of Wildflower Studios and previous Rare Shades events are available upon request.

Rare Shades 7
May 16, 2026, from 1pm to 6pm
Wildflower Studios, 35-15 19th Avenue, Queens, New York 11105

Tickets available at 000magazine.com/pages/rare-shades-nyc

About 000 Magazine: Founded in 2016, the magazine known as “Triple Zero” is an independent quarterly publication that explores Porsche through detailed storytelling, carefully considered layouts, exceptional photography, and rarely seen documents. Today, with customers in all 50 states and 65 countries around the globe, 000 also engages the Porsche community through its digital media platforms, winning motorsport programs, extraordinary events, strategic partnerships, and vehicle edits. Learn more at 000magazine.com

Contact: Mike Maravilla, mike.maravilla@000magazine.com

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SOURCE 000 Magazine

Posted in UncategorizedTagged PR Newswire