Tag: PR Newswire

136 Recycling Workers Secure Higher Wages, Better Benefits

MORGANTOWN, Ky., Dec. 11, 2025 /PRNewswire/ — Members of Teamsters Local 89 at Real Alloy in Morgantown, Ky., have unanimously ratified their first collective bargaining agreement. The contract, which the 136 workers won after authorizing a strike, is the first-ever negotiated between the Teamsters and the company.

“This contract will improve the lives of these hardworking men and women and raise the standard of living for the entire community,” said Avral Thompson, President of Local 89. “On behalf of all our brothers and sisters at Local 89, I am excited to welcome these brave workers into our Teamsters family.”

The new agreement locks in strong annual raises, better retirement benefits, and improved time off policies. Workers gained access to Teamsters health insurance that will reduce their deductibles dramatically, in addition to lowering co-pays and out-of-pocket costs.

“Throughout negotiations, the company stalled, but our members persisted. They stayed united and made clear that they would do whatever it would take to get a fair contract. With this ratification, they have done just that,” said Daniel Cartmill, a business agent at Local 89.

“All of us here at Real Alloy feel a great sense of pride now that we are covered under our first Teamsters contract,” said Brian Wright, a Real Alloy worker and member of Local 89. “By standing together as one, we have achieved the change we wanted to see on the job. We aren’t following trends — we are trend setters. And we hope other Real Alloy facilities will follow suit.”

Teamsters Local 89 represents workers from a wide range of industries and employers throughout Kentucky. For more information, go to Teamsters89.com.

Contact:
Matt McQuaid, (771) 241-0015
MMcQuaid@Teamster.org

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SOURCE Teamsters Local 89

Split-adjusted shares expected to begin trading on January 15, 2026

Second quarter fiscal 2026 per share metrics to be reported on a split-adjusted basis

ZURICH, Dec. 11, 2025 /PRNewswire/ — Amcor plc (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it will proceed with the 1-for-5 reverse stock split previously approved by Amcor shareholders at its annual general meeting of shareholders held on November 6, 2025. Amcor expects to file an amendment to its memorandum of association to effect the reverse stock split after the close of trading on January 14, 2026, and Amcor ordinary shares will begin trading on a split-adjusted basis on January 15, 2026. Amcor’s CHESS Depositary Interests (“CDIs”) will also be consolidated on a 1-for-5 basis such that one CDI continues to represent an interest in one Amcor ordinary share following the reverse stock split.

Amcor intends to present its fiscal 2026 second quarter and second quarter year to date per share metrics, including earnings per share, on a split-adjusted basis when reported in early February 2026.

When the reverse stock split is effective, every five ordinary shares of Amcor issued and outstanding or held as treasury shares as of the effective date will be automatically combined into one Amcor ordinary share. This will reduce the number of outstanding ordinary shares from approximately 2.3 billion to approximately 461 million. Concurrently with the reverse stock split, Amcor’s amended memorandum of association will also proportionately reduce the number of Amcor’s ordinary shares authorized for issuance and increase the par value of Amcor’s ordinary shares to $0.05 per share.

No fractional shares will be issued in connection with the reverse stock split. Shareholders of record otherwise entitled to receive a fractional share as a result of the reverse stock split will receive a cash payment in lieu of such fractional shares. Unvested Amcor equity-based awards as issued under Amcor incentive plans will be proportionately adjusted.

Amcor ordinary shares will continue trading on the New York Stock Exchange (under the symbol “AMCR”), but will trade under a new CUSIP number. CDIs will continue to trade on the Australian Stock Exchange (under the symbol “AMC”).

Additional information concerning the reverse stock split can be found in Amcor’s definitive proxy statement filed with the Securities and Exchange Commission on September 23, 2025, as well as on Amcor’s Investor Relations website, https://www.amcor.com/investors. 

Cautionary Statement Regarding Forward-Looking Statements

This Press Release contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Amcor has identified some of these forward-looking statements with words like “believe,” “target,” “project,” “may,” “could,” “would,” “approximately,” “possible,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “commit,” “estimate,” “potential,” “ambitions,” “outlook” or “continue,” the negative of these words, other terms of similar meaning or the use of future dates. Such statements are based on the current expectations of the management of Amcor, and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. None of Amcor or any of its respective directors, executive officers, or advisors, provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Risks and uncertainties that could cause results to differ from expectations include, but are not limited to, those discussed in Amcor’s disclosures described under Part I, “Item 1A – Risk Factors” in Amcor’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Forward looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this Press Release, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this Press Release are qualified in their entirety by this cautionary statement.  

ENDS

About Amcor

Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries.  

NYSE: AMCR; ASX: AMC               www.amcor.com I  LinkedIn  I  YouTube

View original content:https://www.prnewswire.com/news-releases/amcor-announces-effective-date-for-reverse-stock-split-302638742.html

SOURCE Amcor

Split-adjusted shares expected to begin trading on January 15, 2026

Second quarter fiscal 2026 per share metrics to be reported on a split-adjusted basis

ZURICH, Dec. 11, 2025 /PRNewswire/ — Amcor plc (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it will proceed with the 1-for-5 reverse stock split previously approved by Amcor shareholders at its annual general meeting of shareholders held on November 6, 2025. Amcor expects to file an amendment to its memorandum of association to effect the reverse stock split after the close of trading on January 14, 2026, and Amcor ordinary shares will begin trading on a split-adjusted basis on January 15, 2026. Amcor’s CHESS Depositary Interests (“CDIs”) will also be consolidated on a 1-for-5 basis such that one CDI continues to represent an interest in one Amcor ordinary share following the reverse stock split.

Amcor intends to present its fiscal 2026 second quarter and second quarter year to date per share metrics, including earnings per share, on a split-adjusted basis when reported in early February 2026.

When the reverse stock split is effective, every five ordinary shares of Amcor issued and outstanding or held as treasury shares as of the effective date will be automatically combined into one Amcor ordinary share. This will reduce the number of outstanding ordinary shares from approximately 2.3 billion to approximately 461 million. Concurrently with the reverse stock split, Amcor’s amended memorandum of association will also proportionately reduce the number of Amcor’s ordinary shares authorized for issuance and increase the par value of Amcor’s ordinary shares to $0.05 per share.

No fractional shares will be issued in connection with the reverse stock split. Shareholders of record otherwise entitled to receive a fractional share as a result of the reverse stock split will receive a cash payment in lieu of such fractional shares. Unvested Amcor equity-based awards as issued under Amcor incentive plans will be proportionately adjusted.

Amcor ordinary shares will continue trading on the New York Stock Exchange (under the symbol “AMCR”), but will trade under a new CUSIP number. CDIs will continue to trade on the Australian Stock Exchange (under the symbol “AMC”).

Additional information concerning the reverse stock split can be found in Amcor’s definitive proxy statement filed with the Securities and Exchange Commission on September 23, 2025, as well as on Amcor’s Investor Relations website, https://www.amcor.com/investors. 

Cautionary Statement Regarding Forward-Looking Statements

This Press Release contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Amcor has identified some of these forward-looking statements with words like “believe,” “target,” “project,” “may,” “could,” “would,” “approximately,” “possible,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “commit,” “estimate,” “potential,” “ambitions,” “outlook” or “continue,” the negative of these words, other terms of similar meaning or the use of future dates. Such statements are based on the current expectations of the management of Amcor, and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. None of Amcor or any of its respective directors, executive officers, or advisors, provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Risks and uncertainties that could cause results to differ from expectations include, but are not limited to, those discussed in Amcor’s disclosures described under Part I, “Item 1A – Risk Factors” in Amcor’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Forward looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this Press Release, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this Press Release are qualified in their entirety by this cautionary statement.  

ENDS

About Amcor

Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries.  

NYSE: AMCR; ASX: AMC               www.amcor.com I  LinkedIn  I  YouTube

View original content:https://www.prnewswire.com/news-releases/amcor-announces-effective-date-for-reverse-stock-split-302638742.html

SOURCE Amcor

• Grants will help small businesses expand – lifting economic activity and creating jobs.

• Twenty nonprofit organizations selected to receive grants of $25,000 to distribute to local small businesses.

RALEIGH, N.C., Dec. 11, 2025 /PRNewswire/ — Duke Energy Foundation today announced the recipients for $500,000 in grants designed to boost local economies by supporting small businesses in communities across North Carolina.

How it works: Twenty nonprofit organizations have been selected to receive $25,000 grants, which will then fund awards of up to $5,000 to individual small businesses. Funds can be used by local businesses like restaurants and retail stores to complete renovations, buy equipment or technology, purchase inventory or meet other business needs.

The impact: Small businesses employ nearly half of North Carolina’s workforce and play a critical role in driving economic activity. Duke Energy Foundation has provided over $2.4 million to small business support initiatives since 2020.

What they’re saying:

• Kendal Bowman, North Carolina state president for Duke Energy: “Supporting small businesses boosts local economic activity, which has a positive impact on the communities and customers we serve. We’re proud to work alongside our community partners to help entrepreneurs and local businesses make their dreams a reality.”
• Nicole J. Thompson, President and CEO of Downtown Durham, Inc.: “With Duke Energy’s support, DDI will turn business-led ideas into practical improvements that elevate safety, visibility and vitality. Upgrading the alleys that connect parking to Main Street will help storefronts shine, help create an engaging environment and attract more customers to discover all that downtown has to offer.”
• Catherine Glover, Executive Director for Washington-Beaufort County Chamber of Commerce Community Foundation: “With support from the Duke Energy Foundation, ten Beaufort County small businesses will each receive a $2,500 grant to make meaningful improvements that strengthen their operations, expand their reach, and enhance their customer experience. Small businesses are the backbone of Eastern North Carolina, and this funding will help ten outstanding local businesses continue to grow and thrive.”

Leading the charge:

The following organizations have been selected to distribute funds to small businesses in their local communities.

• Beaufort Business Association
• Chimney Rock Economic Development and Investment Team
• Downtown Salisbury Inc.
• Fuquay Varina Downtown Association
• Greater Eden Chamber Foundation
• Launchhollysprings Inc.
• McDowell Chamber Community and Business Impact
• Mitchell Community College Foundation
• Mitchell County Development Foundation
• Montcross Area Chamber
• Moore County Economic Development Partnership
• Partnership For a Sustainable Community
• Person County Business & Industrial Center
• Pleasure Island Chamber of Commerce Foundation
• Region A Council
• Renaissance Downtown Durham
• Rolesville Downtown Development Association
• Stokes County Arts Council
• The Surry County Economic Development Foundation Inc
• Washington-Beaufort County Chamber of Commerce Community Foundation

Duke Energy Foundation
Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation is funded by Duke Energy shareholders.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Garrett Poorman
24-Hour: 800.559.3853
Twitter: @DukeEnergyNC

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SOURCE Duke Energy

UBCF’s November Pink Bag Shopping event provided essential support and holiday-season relief to 91 women managing the impacts of breast cancer

HUNTINGTON STATION, N.Y., Dec. 11, 2025 /PRNewswire/ — United Breast Cancer Foundation (UBCF) proudly announces the success of its multi-day, holiday themed Pink Bag Event, held November 10–22, with several additional bonus days due to high demand. More than 90 breast cancer patients and survivors received support, with UBCF distributing over $860,000 in high-quality, donated goods – a meaningful boost as families prepared for the holiday season.

The event, free for all qualified and approved attendees, offered a thoughtful and expansive shopping experience. Guests were offered a comprehensive selection of donated goods, including home essentials, bedding and mattresses, clothing, shoes, toys, beauty products, and personal care products – supporting families in preparation for the holiday season. Thanks to UBCF and the generosity of its supporters, dozens of families will enter the holiday season with greater stability, comfort, and joy.

“UBCF Pink Bag Events are designed to ease burdens and spread hope,” said Stephanie Mastroianni, UBCF’s President and Executive Director. “Seeing our inspiring and brave breast cancer clients walk away with not only essential goods but also renewed confidence and joy reminds us why our mission matters. We are grateful to our supporters and honored to stand with every patient, survivor, and family we serve.”

Client Stories of Impact

One attendee, Tracy, described how profoundly the event touched her family. She shared that the toys she received for her grandchildren “touched [her] heart,” especially because she had nothing to give them this Christmas. “Now I will be able to see their little faces light up with joy,” she said. She also expressed her gratitude for the mattress she received for herself and her daughter, calling it “an absolute blessing.” “I am blessed, grateful, and truly touched by your kindness,” she said, reflecting the relief and hope the event brought her household.”

Another participant, Lillian, emphasized the emotional support she feels as part of the UBCF community. She described UBCF as her “family,” sharing that the care and stability provided during her cancer journey “kept [her] together.” The event, she explained, wasn’t just about receiving items—it was about receiving hope. “It’s not just things or gifts—it’s more meaningful. It makes me feel hope,” she said.

For Ameeta, the kindness she encountered throughout the event was what stood out the most. She expressed heartfelt appreciation for every person involved, saying, “My family and I appreciate your kindness… Everyone was so kind and humble.” She called the event “special” and offered warm holiday blessings in gratitude. 

These powerful reflections highlight the deep emotional and practical impact of UBCF’s support during a critical time of year.

Next Event: February 10–21 in Huntington Station, NY

UBCF is excited to announce that the next Pink Bag Event in New York is taking place February 10–21, 2025, in Huntington Station, NY. The event will celebrate love, Valentine’s Day, and the strength of community care.

Participants do not need to be New York residents to attend. The event will again be free for all qualified and approved breast cancer patients and survivors. Learn more: https://ubcf.org/ny-pink-bag-shopping/

About United Breast Cancer Foundation

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/united-breast-cancer-foundation-celebrates-the-success-of-its-new-york-pink-bag-event-supporting-patients-and-survivors-ahead-of-the-holidays-302639495.html

SOURCE United Breast Cancer Foundation

LOS ANGELES, Dec. 11, 2025 /PRNewswire/ — Pathways LA proudly hosted its annual Winter Wonderland Toy & Book Celebration on Saturday, December 6th, transforming the Westin Bonaventure into a festive gathering place for families across Los Angeles. The event brought together community partners, generous donors, and Pathways LA supporters for a day dedicated to uplifting families during the holiday season.

This year’s celebration welcomed 240 families, totaling 930 attendees, including 394 adults and 536 children. Pathways LA was also honored to welcome representatives from six community-based organizations whose participation strengthened the experience for attendees and highlighted the collective commitment to family well-being. Participating organizations included:

• L.A. Care Community Resource Center Metro L.A.
• Los Angeles Public Library
• Clinica M Oscar A. Romero
• Bright life Kids
• St. Anne’s Family Services
• Karsh Center

“Winter Wonderland is one of the most meaningful moments of the year for our organization,” said Tamika Farr, CEO of Pathways LA. “It reflects our commitment to supporting families and making sure every child experiences joy, connection, and care during the holidays.”

The heart of Winter Wonderland is giving — and this year, Pathways LA provided hundreds of children with brand-new toys and books, along with essential household items that support family stability. Families received diapers, wipes, hygiene products, and much-needed clothing.

Pathways LA extends its deepest gratitude to the donors whose generosity made this support possible:

• Baby2Baby
• FAT Brands
• Social media influencer Francisco Carrillo (@kennalovescisco)

Their contributions ensured children received high-quality gifts and families left with resources that carry them beyond the holiday season.

Families enjoyed a variety of holiday activities, including:

• Photos and meet-and-greets with Santa Claus
• Face painting featuring playful seasonal designs
• Arts and crafts stations for creating festive keepsakes
• Hot chocolate and cookies adding warmth and sweetness to the day

For decades, Pathways LA has provided early childhood education programs, family services, and essential resources to low-income working families. The Winter Wonderland Toy & Book Celebration continues that tradition, bringing hope, support, and joy to the community every holiday season.

About Pathways LA:

About Pathways LA: Pathways LA is committed to the healthy development and school readiness of young children from disadvantaged communities. Driven by data and innovation, our experts support the continuum of care that includes parents, childcare providers, community partners, and policymakers. Learn more at: https://pathwaysla.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pathways-la-welcomes-more-than-900-attendees-at-annual-winter-wonderland-toy–book-celebration-302639538.html

SOURCE Pathways LA

The company will match federal contributions for eligible U.S. employees’ children, strengthening financial access for families

NEW YORK, Dec. 11, 2025 /PRNewswire/ — BNY (NYSE: BK) today announced its participation in the U.S. government’s investment initiative for children, continuing the company’s long history of expanding financial access and opportunity for employees and their families. As one of the first financial services companies to join the program, BNY will match the federal government’s $1,000 contribution for eligible newborns of its eligible U.S. employees, doubling the investment in each child’s future.

BNY’s participation builds on its broader efforts to strengthen employees’ financial opportunity, including BK Shares equity grants, new student loan matching, enhanced 401(k) features and expanded support for saving and investing at every career stage.

“For more than two centuries, BNY has supported our nation’s financial ecosystem and the people who power it, including our own employees. This initiative advances that mission in a meaningful way,” said Robin Vince, Chief Executive Officer, BNY. “By matching the government’s contribution, we’re helping our employees give their children a head start toward a stronger financial future.”

The children’s savings account program, passed by Congress and signed into law by President Trump in the One Big Beautiful Bill Act, and provides for a $1,000 pilot contribution from the U.S. Treasury into a tax-advantaged account for eligible children born in the U.S. between 2025 and 2028.

BNY’s match of the pilot contribution will provide an additional $1,000 per eligible child once the account is opened and verified, helping families start saving from day one.

“We want every family to have the chance to build a strong foundation,” said Shannon Hobbs, Chief People Officer, BNY. “BNY is proud to match the government’s investment in these children’s futures for our eligible employees. This benefit reinforces our dedication to helping our colleagues and their families access financial opportunities from the very beginning.”

About BNY
BNY is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. 

Media Contact
Ryan Wells
ryanw@bny.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bny-joins-us-governments-investment-initiative-for-children-expanding-access-to-savings-and-financial-opportunity-for-employees-302639461.html

SOURCE BNY

The company will match federal contributions for eligible U.S. employees’ children, strengthening financial access for families

NEW YORK, Dec. 11, 2025 /PRNewswire/ — BNY (NYSE: BK) today announced its participation in the U.S. government’s investment initiative for children, continuing the company’s long history of expanding financial access and opportunity for employees and their families. As one of the first financial services companies to join the program, BNY will match the federal government’s $1,000 contribution for eligible newborns of its eligible U.S. employees, doubling the investment in each child’s future.

BNY’s participation builds on its broader efforts to strengthen employees’ financial opportunity, including BK Shares equity grants, new student loan matching, enhanced 401(k) features and expanded support for saving and investing at every career stage.

“For more than two centuries, BNY has supported our nation’s financial ecosystem and the people who power it, including our own employees. This initiative advances that mission in a meaningful way,” said Robin Vince, Chief Executive Officer, BNY. “By matching the government’s contribution, we’re helping our employees give their children a head start toward a stronger financial future.”

The children’s savings account program, passed by Congress and signed into law by President Trump in the One Big Beautiful Bill Act, and provides for a $1,000 pilot contribution from the U.S. Treasury into a tax-advantaged account for eligible children born in the U.S. between 2025 and 2028.

BNY’s match of the pilot contribution will provide an additional $1,000 per eligible child once the account is opened and verified, helping families start saving from day one.

“We want every family to have the chance to build a strong foundation,” said Shannon Hobbs, Chief People Officer, BNY. “BNY is proud to match the government’s investment in these children’s futures for our eligible employees. This benefit reinforces our dedication to helping our colleagues and their families access financial opportunities from the very beginning.”

About BNY
BNY is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. 

Media Contact
Ryan Wells
ryanw@bny.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bny-joins-us-governments-investment-initiative-for-children-expanding-access-to-savings-and-financial-opportunity-for-employees-302639461.html

SOURCE BNY

SAN DIEGO, Dec. 11, 2025 /PRNewswire/ — North Island Credit Union recently partnered with the Boys & Girls Clubs of Greater San Diego to bring some holiday magic to hundreds of Club kids across San Diego County. The credit union recently donated over 240 new toys and gifts to the Boys & Girls Clubs of Greater San Diego as part of its annual Holiday Life Changers program. Credit union volunteers were also on hand during the event to help wrap and organize gifts for the kids for Club members and their families.

“At North Island Credit Union, supporting our community is especially meaningful during the holidays,” said North Island Credit Union President/CEO Steve O’Connell. “Partnering with the Boys & Girls Clubs of Greater San Diego allows us to help bring joy and a sense of celebration to local children and their families. Our employees care deeply about making a difference, and this toy drive is a wonderful opportunity to share that spirit and give back to those who need it most.”

All of the toys and gifts were donated by North Island Credit Union, its employees and members in a month-long drive in its branch locations in San Diego County. All gifts will be wrapped and distributed during the Boys & Girls Clubs of Greater San Diego holiday celebrations throughout the month.

Boys & Girls Clubs of Greater San Diego changes lives through quality youth programs and guidance in a safe, affordable and fun environment. The Clubs serve kids ages 5-18 at 22 community-based sites countywide, making a difference in the lives of San Diego’s future leaders – today’s youth. For more information about the Boys & Girls Clubs of Greater San Diego, please visit sdyouth.org.

About North Island Credit Union, a division of California Credit Union
California Credit Union is a federally chartered credit union founded in 1933 with assets of more than $5 billion, over 200,000 members and 25 retail branches. Named a Forbes Best-In-State Credit Union in 2024 & 2025, California Credit Union membership is available to community members and businesses nationwide. The credit union operates in San Diego and Riverside Counties as North Island Credit Union, a division of California Credit Union. Federally insured by the NCUA, the credit union offers a full suite of consumer, business and investment products and services, including comprehensive consumer checking and loan options, personalized financial planning, business banking, and leading-edge online and mobile banking. California Credit Union is certified as a Community Development Financial Institution (CDFI) with a Low Income Designation, offering inclusive products and services to build financial stability in our underserved communities, including a checking account certified as meeting the Bank On National Account Standards. California Federal Credit Union operates as California Credit Union. Visit northisland.ccu.com for more information or follow the credit union on Instagram^® or Facebook^® @northislandcu.

View original content to download multimedia:https://www.prnewswire.com/news-releases/north-island-credit-union-delivers-holiday-toys–gifts-to-boys–girls-clubs-of-greater-san-diego-302638630.html

SOURCE North Island Credit Union

Validation testing marks major product readiness milestone ahead of early 2026 field installation at Southern Company’s test site in Wilsonville, Alabama

SAN LEANDRO, Calif., Dec. 11, 2025 /PRNewswire/ — Inlyte Energy, a manufacturer of iron-sodium battery energy storage systems, announced it has successfully completed a factory acceptance test of its first field-ready battery at its facility near Derby, UK, witnessed by representatives from Southern Company, one of the largest energy providers in the United States. The test demonstrated the performance and integration readiness of Inlyte’s battery storage system—combining advanced sodium metal chloride cells, inverter and control electronics—a major milestone on the company’s path to commercialization.

Global demand for energy storage is accelerating rapidly, with the industry projected to expand from $70 billion in 2025 to more than $150 billion by 2030. The U.S. Department of Energy projects that reaching a future U.S. grid requires more than 225 gigawatts of long-duration energy storage (LDES) by 2050—far beyond what current lithium-ion technologies can economically deliver. For electrical utilities and their customers, LDES is essential to maintaining reliability, improving resiliency during extreme weather and reducing long-term costs. Breakthroughs like Inlyte’s iron-sodium batteries are critical to closing this gap. The tested system represents the world’s largest sodium metal chloride battery cells and modules ever constructed, capable of storing over 300 kilowatt-hours of energy each.

“To win the future we need abundant and secure supplies of energy in the U.S., and at the same time we need to make costs go down, not up,” said Antonio Baclig, CEO of Inlyte Energy. “We can’t do that by building the same thing as China. We need to make better technologies, with batteries that are fundamentally lower cost, safer, and longer lasting. By leveraging a breakthrough in the use of iron in the proven sodium metal chloride battery, Inlyte can scale rapidly.”

During the factory test, Inlyte’s battery achieved 83% round-trip efficiency, including auxiliaries, which is competitive with high-performance lithium-ion and well above the 40 to 70% range typical for other LDES technologies. Southern Company’s research and development team witnessed the test firsthand, observing the system’s performance and integration—a key milestone in project acceptance. Following the successful test, Inlyte’s first energy storage systems will be installed at Southern Company’s Energy Storage Test Site in Wilsonville, Alabama in early 2026.

“Energy storage is essential for creating a reliable and flexible energy grid,” said Steve Baxley, Southern Company energy storage and use research and development manager. “As the grid evolves toward longer-duration storage, developing solutions that are both low-cost and safe is critical to ensuring affordable, dependable service for customers. Inlyte’s successful system test represents a meaningful step in validating the iron-sodium battery technology for future applications. We look forward to continuing our research collaboration with Inlyte as this technology moves close to real-world deployment.” 

With technical readiness proven and customer demonstrations in motion, Inlyte is now advancing toward U.S. manufacturing and commercialization. The company is finalizing site selection for its first domestic production facility in 2026. To accelerate this move, Inlyte recently announced a strategic partnership with HORIEN Salt Battery Solutions—the world’s largest and most experienced producer of sodium metal chloride batteries, with more than 25 years of commercial deployment across a range of applications, including critical power, remote industry, and battery energy storage. Together, the companies will leverage HORIEN’s proven manufacturing expertise and Inlyte’s system integration capabilities to bring domestically produced sodium battery systems to market, with commercial deliveries planned for 2027.

For more information, please visit www.inlyteenergy.com.

About Inlyte Energy

Inlyte Energy delivers breakthrough iron-sodium battery technology enabling safe, sustainable, and domestically produced short- and long-duration energy storage. With simple ingredients—iron and salt—and innovative design, Inlyte is reshaping energy storage, enhancing resilience, and supporting electricity growth worldwide. Inlyte’s modular battery design makes it ideal for utilities, industrial facilities, data centers, and critical infrastructure seeking reliable and resilient power storage solutions. For more information, visit: www.inlyteenergy.com.

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SOURCE Inlyte Energy, Inc.