Tag: PR Newswire

SHENZHEN, China, Nov. 18, 2025 /PRNewswire/ — Frost & Sullivan has recognized SINEXCEL with the prestigious 2025 China Ultra-Fast and Megawatt Charging Competitive Strategy Leadership award, celebrating the company’s exceptional achievements in the EV charging sector. This recognition underscores SINEXCEL’s leadership in providing efficient, reliable, and flexible megawatt charging solutions.

The Best Practices group at Frost & Sullivan, backed by 1,800 global research analysts, evaluates companies based on strategic innovation and customer impact. They recognize businesses across regional and global markets for their exceptional leadership and innovation.

With nearly 20 years of expertise in the power electronics market, SINEXCEL has consistently excelled in both innovation and performance. Last year, the company introduced its first megawatt-level charging solution in China. Building on that success, this year SINEXCEL launched the 1.28 MW distributed charging system for the European market. In just one year, its megawatt charging solutions have achieved global top-selling recognition, with over 2,000 megawatt charging stations deployed worldwide.

SINEXCEL’s competitive edge lies in its use of modular technology and silicon carbide innovations. The 1.28 MW solution enables seamless upgrades to charging infrastructure without costly infrastructure changes and achieves a remarkable 96.2% efficiency, resulting in significant energy savings and operational advantages.

“SINEXCEL redefines the competitive landscape in MW charging through a combination of technological leadership and future-ready design,” said Srinag Rajendra, Research Associate at Frost & Sullivan. “Its 1.28 MW distributed charging system sets a new benchmark for heavy-duty vehicle electrification, addressing critical pain points such as slow charging speeds and high TCO while anticipating next-generation requirements.”

At the heart of SINEXCEL’s success is an unwavering customer-first philosophy and commitment to long-term sustainable growth, which are key to maintaining leadership in the fast-evolving market. This recognition reaffirms the dedication to empowering energy freedom and accelerating the transition to a more efficient future. SINEXCEL remains at the forefront of shaping the next generation of EV charging solutions, driving both industry progress and global sustainability.

About SINEXCEL

Founded in 2007, SINEXCEL is a pioneer in EV charging, energy storage and power quality solutions. With 12 GW of installed storage, 140,000 DC chargers and nearly 20 million amperes of AHF deployed, SINEXCEL partners with industry leaders like EVE Energy and Schneider Electric to empower energy freedom.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

Media Contact: Erika Feng, erika_feng@sinexcel.com

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SOURCE Shenzhen Sinexcel Electric Co.,Ltd

KUNSHAN, China, Nov. 18, 2025 /PRNewswire/ — The recent 2025 All-Energy Australia exhibition held in Melbourne featured a prominent presence from Arctech, a world-leading provider of solar tracking solutions. Arctech showcased its comprehensive “Tracker+” and “Green Power+” solutions, demonstrating its strong commitment and capability to deeply cultivate the Australian market and support the local energy transition.

The company’s spotlight was on its two main solution portfolios.

The “Tracker+” is a wide portfolio of trackers to meet costumer needs in any environment and situation with a high grade of standardization.

SkyLine Ⅱ, Arctech’s 1P multi-point parallel drive tracking system, perfectly aligns with the Australian market’s dual demands for high-efficiency power generation and long-term stable operation of PV power plants, thanks to its high reliability, AI-powered smart tracking strategies, and exceptional adaptability to complex terrains.

SkySmart Ⅱ, Arctech’s 2P solar tracker optimized for bifacial modules, features a robust synchronous multi-point drive, AI backtracking, and strong slope adaptability, all with ultra-low energy consumption, creating more possibilities for the multi-dimensional utilization of land resources in Australia.

Cable Tracker, the flexible tracking system, characterized by its “large span and high ground clearance,” further enhances suitability for scenarios like mountainous areas and agrivoltaics.

The “Green Power+” solution displayed diverse applications on-site, including energy storage systems(ESS), building-integrated photovoltaics (BIPV), and integrated PV-storage-charging carports. This showcased Arctech’s cutting-edge exploration in multi-scenario “PV+” integration and synergistic energy management, offering end-users in Australia one-stop clean energy solutions.

In active response to Australia’s “Clean Recovery” plan, Arctech completed the signing of several key strategic cooperation agreements during the event. These agreements aim to comprehensively deepen its local footprint, spanning from product solution standards and localized services to talent development.

• Elevating Standards : An agreement with DNV ensures Arctech’s solutions meet the highest international and local standards, significantly enhancing project bankability.
• Strengthening Service: Partnerships with Australian’s leading operation and maintenance service providers O&M and LUMICO will enhance local service and rapid-response capabilities.
• Developing Talent: A collaboration with TAFE Queensland will foster a skilled workforce for Australia’s clean energy sector.

This exhibition serves as a significant milestone for Arctech in deepening its connection with the Australian market. Through the dual drive of “Product Solution Innovation” and “Localized Service Capability” strategy, Arctech is putting its “customer-centric” philosophy into practice.

During the exhibition, Mr. Pedro, CTO of Arctech’s International Headquarters, delivered a keynote speech. He stated, “Since entering the Australian market, Arctech has successfully installed and delivered over 600 MW of PV projects. Looking ahead, we will continue to increase our local investment to bring more customized solutions and full lifecycle services to Australian customers, steadfastly supporting Australia’s energy transition journey.”

Moving forward, Arctech will continue to uphold its spirit of innovation, collaborating closely with local Australian partners to deliver cleaner, more efficient, and smarter green energy solutions across this vast continent, joint depicting a new blueprint for sustainable development.

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SOURCE Arctech Solar

Pioneering Carbon Nanotube (CNT) Technology Achieves Stronger, More Sustainable Concrete at Scale

CANTON, Mass. and OLATHE, Kan., Nov. 18, 2025 /PRNewswire/ — CHASM Advanced Materials, a US based technology leader in carbon nanotube (CNT) innovation and manufacturing, together with Terracon, a leading U.S. consulting engineering firm, has successfully completed a green concrete pour demonstration in Wichita,Kansas, at the site of Air Capitol Materials—a major milestone toward scalable, low-carbon concrete that delivers high performance without the “green premium.”

This on-site evaluation showcases how CHASM’s most scalable CNT production technology is breaking through long-standing barriers of cost and scalability, enabling the widespread adoption of CNTs in concrete. Leveraging CHASM’s innovative dry dispersion technology, CNTs can be seamlessly integrated into cement mixes without affecting workability, while delivering significant improvements in mechanical performance and long-term durability.

The demonstration also confirmed that NTeC®-C CNT-enhanced concrete pours exceptionally well at scale, exceeding standard industry strength requirements and is expected to demonstrate strong long-term durability, especially under harsh weather conditions. The concrete pad produced with NTeC®-C CNTs will be placed alongside a conventional pad without CNTs for comparison. Terracon and its partners will monitor crack development using embedded sensors on pads located in a high-traffic area with 300–500 daily truck movements from fully loaded 80,000-pound (36-tonne) sand trucks. As winter conditions set in, the NTeC®-C CNT concrete pad is expected to show significantly greater durability and resistance to cracking from freeze–thaw cycles and other harsh environmental conditions compared to the control sample. This marks an important step in validating CNT-enhanced concrete under real-world conditions.

“CHASM’s technology proves that sustainability and performance don’t have to come at a premium,” said David Arthur, CEO and Co-founder of CHASM. “Our partnership with Terracon demonstrates how nanotechnology can transform both the economics and environmental impact of concrete.”

Terracon’s collaboration ensures rigorous field evaluation and performance validation, reflecting their commitment to advancing sustainable engineering practices. The demonstration was conducted by Andale Construction and supported by Air Capitol Materials, whose expertise and work helped ensure a successful execution.

“As a national consulting firm made up of engineers, scientists, and field professionals, we look for innovations that are both practical and impactful,” said David Harwood, Senior Vice President of Terracon. “CHASM’s CNT technology as a clear step forward in building stronger, lower-carbon infrastructure”.

This Kansas pour marks the beginning of CHASM and Terracon’s field-scale validation program—advancing their mission to make green concrete without the green premium a reality for builders, engineers, and developers.

About CHASM

CHASM’s mission is to develop and manufacture advanced carbon nano materials, leveraging its innovative product platforms to create a safer, more connected and sustainable world. The company’s patented nanotube manufacturing platform combined with its unique ability to integrate CNTs into product solutions is unleashing the power of nanotechnology. CHASM’s technology licensing model enables global deployment of this game-changing CNT technology across multiple production sites worldwide

Innovations powered by CHASM include universal transparent heaters for safer driving and a broad range of non-automotive applications, transparent antennas for smarter cities, conductive additives for EV batteries, and cement additives for greener (lower carbon footprint) concrete. 

CHASM is building the world’s largest multiwall CNT reactor (1,500 metric tons capacity) in Norman, Oklahoma, to produce NTeC^® products to support battery and cement applications.

AgeNT, NTeC, CHASM, and the CHASM logo are trademarks of CHASM Advanced Materials, Inc.

About Terracon

Terracon is an employee-owned, multidiscipline consulting firm comprised of more than 7,000 curious minds focused on solving engineering and technical challenges from more than 180 locations nationwide. Explore with us by visiting terracon.com.

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SOURCE CHASM Advanced Materials

Reimagined exhibit space to feature uniquely LA vehicle builds, creators, collabs and more

LOS ANGELES, Nov. 17, 2025 /PRNewswire/ — Los Angeles Auto Show® brings the city’s signature car culture to life for ten days in The Underground, a large-scale, rotating exhibit space located on the lower level of the convention center. Curated by independent voices from across the region, The Underground spotlights the builders, artists, tuners, and storytellers who fuel Los Angeles’ constantly evolving car culture, where expression is personal, raw, creative, and community driven.

At the heart of this environment lie the Creator Studios, an interactive space that brings together some of the most influential creators in the automotive world, each shaped by the LA car scene in their own way. Automotive photographer Larry Chen, drifter and builder Hannah Maloof, visual artist Joshua Vides will showcase one-off builds, performance setups, live content drops, and moments that blur the line between art, storytelling, and engineering.

Beyond the featured creators, The Underground also highlights the communities that define Los Angeles car culture, with more than 40 exhibitors, including the Marathon Brand, which will celebrate local pride and purpose through Marathon Clothing and Marathon Burger. Full Blown Performance brings its high-powered American muscle to the show. The alluring LumiVerse venue fuses car culture, art, and nightlife, and World Famous 4×4 will showcase wild, hand-built off-road dream machines. South Bay Pop-Ups will round out the scene with a celebration of the everyday heroes of LA car culture: lowriders, motorcycles, street cars, and vans that capture the city’s diversity and personality. Expect hard-to-find collectibles and merch, including a special collaboration with renowned Los Angeles Street artist OG Slick, who brings limited-edition apparel and a commemorative 2025 Los Angeles Auto Show poster to the show alongside his custom creation, Pineapple Express and his iconic LA Hands art installation.

All Roads Stage

At the entrance to The Underground, the All Roads Stage comes to life with a limited-run series of stories, vehicles, and cultural icons featured across the 10-day run.

• Thursday, November 20 (Media Day) – Friday, November 21: The stage opens with the world premiere of the Revology Boss 429, the latest build from Revology, known for blending classic muscle car heritage with modern engineering.
• Saturday, November 22: One of only 25 right-hand drive 1964 Alfa Romeo Giulia Sprint Speciales ever produced, a rare and beautiful example of Italian design and automotive history as the brand celebrates its 115^th Anniversary.
• Sunday, November 23: Superstar comedian, actor, producer, car enthusiast, and devout Hoosier, Mike Epps brings his Cherry Boomer, an exquisite, one-of-a-kind 1957 Chevy, and is slated to host the No No Custom Car Awards.
• Monday, November 24 – Sunday, November 30: On November 24, Actor, producer, and builder Sung Kang will host a meet and greet for his upcoming passion project film, Drifter. The talk launches the Drifter Experience, which includes a movie car exhibit, multi-vehicle showcase, and exclusive sneak peek at unreleased film footage. Following Kang’s appearance, the Drifter Experience will remain open to the public for the duration of the show, with the film’s hero car and select vehicles from the production on display through closing day.

All this as part of one of the most influential and best-attended auto shows in the world, bringing to the Los Angeles Convention Center and the surrounding area hundreds of new cars, trucks, SUVs, hybrids, and EVs from the world’s top automakers. A full floorplan and schedule of events is available online, where advance tickets are available now: laautoshow.com/tickets

The LA Auto Show opens for media and industry November 20 and to the public November 21 through November 30, 2025, at the Los Angeles Convention Center.

ABOUT THE LOS ANGELES AUTO SHOW & AUTOMOBILITY LA   

Founded in 1907, the Los Angeles Auto Show® is one of the most influential annual automotive events in the world. Held each year at the Los Angeles Convention Center, the show draws hundreds of thousands of attendees and brings hundreds of millions of dollars in economic impact to the city. It also remains the largest revenue driver for the LA Convention Center.   

AutoMobility LA® — the show’s press and industry day — takes place on November 20, 2025, and features a full day of vehicle debuts, brand announcements, and a thought leadership program highlighting some of the brightest voices in automotive and tech.   

The LA Auto Show opens to the public from November 21 through 30, 2025, including Thanksgiving Day, offering ten full days for car shoppers, enthusiasts, families, and future-focused fans to experience the very best in automotive design, culture, and innovation.   

For more information, visit laautoshow.com and automobilityla.com.   

TICKET INFORMATION 

Tickets are on sale now at laautoshow.com/tickets and include access to all exhibits and test drive experiences. Pricing is as follows:   

• Opening Day Friday (November 21st): Adult $18, Senior $8, Child $8
• Any Day General Admission Tickets: Adult $25, Senior $12, Child $12
• Monday to Thursday (November 24-27): Adult $22, Senior $10, Child $10
• VIP Priority Entry + Ticket on Saturdays and Sundays: Adult $45, Senior $22, Child $22

Wednesday/Thursday Thanksgiving Family Four-Packs: $63   

For the latest updates on vehicle debuts, special programming, and daily schedules, follow the LA Auto Show on Instagram, X, Facebook, or LinkedIn. You can also sign up for alerts at laautoshow.com. 

MEDIA CONTACT:
For press inquiries, email media@laautoshow.com  

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SOURCE Los Angeles Auto Show

The world’s leader in tattoo removal invites people to opt for lasting change and confidence instead of more “stuff” this holiday season.

AUSTIN, Texas, Nov. 17, 2025 /PRNewswire/ — Removery, the world’s leader in tattoo removal, announced its largest promotion of the year just in time for Black Friday: 25% off any complete tattoo removal package purchased November 17-December 6. The offer is valid at all 160+ Removery studios worldwide in the U.S., Canada, and Australia.

This year’s Black Friday event invites people to invest in themselves instead of more “stuff.” With tattoo removal, confidence compounds. By locking in the full package at a lower rate, clients can start their removal journey with long-term savings and life-changing results.

“Change is a gift. The holiday season is the perfect time to invest in yourself, or help friends and family make a change. We want to help our clients start the New Year feeling their best,” said Removery CEO, Tom Weber. “Our Black Friday offer on ‘treat until complete’ packages provides a way for people to achieve the confidence they deserve in a cost effective way — especially during the holidays. Tattoo removal is all we do!”

Removery’s Black Friday promotion begins Monday, November 17 and ends Saturday, December 6. Visit https://removery.com/black-friday-2025/ for full details and to book a free consultation.

For more updates and promotions, follow @Removery on social media.

ABOUT REMOVERY

Removery is the world’s leading tattoo removal brand, with 160+ studios across the U.S., Canada, and Australia and more than 1.7 million treatments performed. The company’s team of board-certified physicians and certified laser specialists use FDA-approved PicoWay® laser technology to safely and effectively remove tattoos on all skin types. With over 55,000 five-star Google reviews and a commitment to personalized, compassionate care, Removery is trusted globally as the most advanced and client-focused tattoo removal provider. To learn more, visit Removery.com or follow @Removery on Instagram, TikTok, and Facebook.

Media Contact:
Kimberly Llewellyn
pr@removery.com

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SOURCE Removery

Type One Families offers support groups throughout coastal Massachusetts

BOSTON, Nov. 17, 2025 /PRNewswire/ — Nancy Gaudet, of Plymouth, Mass., has been selected as a 2025 Health Access Hero Award recipient by Sun Life U.S. and DentaQuest. Individuals are nominated by friends and colleagues and receive a $10,000 donation to a charity of choice. Gaudet is the founder of Type One Families, a nonprofit based out of Plymouth, dedicated to supporting families navigating the complexities of type 1 diabetes. The annual Health Access Hero Awards recognize nonprofits and individual change-makers working to broaden access to health services for communities in need.

Gaudet combines lived experience with a passion for advocacy, education and connection. She founded Type One Families after her son’s diagnosis, when she noticed the lack of support for parents and family members of those diagnosed and living with type 1 diabetes. Inspired by her own family’s journey, Gaudet offers a safe space for parents and caregivers to come together and find understanding, emotional support and practical guidance. Type One Families has groups established throughout coastal Massachusetts.

“I am honored to receive a Health Access Hero Award, as I know firsthand the need to support families who live with type 1 diabetes,” said Gaudet. “With the donation from Sun Life and DentaQuest, Type One Families will be able to continue growing its reach across Massachusetts and connect more families who can lean on each other while navigating living with diabetes.”

Health access is an ongoing issue across America, and grassroots efforts can drive meaningful results within communities. From diabetes to oral health, the Health Access Hero Awards raise awareness about the work of people and programs around the country that are charting new ways to overcome longstanding community health challenges.

“Sun Life and DentaQuest are committed to broadening access to care through philanthropic initiatives that can have large-scale impact at local levels,” said David Healy, president, Sun Life U.S. “Every year, we receive hundreds of nominations, and we want to thank all the unsung Heroes doing the hard work, day in and day out. Nancy Gaudet is bringing an important service to families by helping people connect and support each other as they learn to live with type 1 diabetes. Nancy, thank you for your impressive work as you strive to create more equitable access for all.”

There are two tracks to the Health Access Hero Awards: grants to fund health and wellness programs in community organizations, and recognition of individuals who have made a significant impact on health access in their communities. Individual Heroes also receive a $10,000 donation to the charity of their choice. The Health Access Hero Awards have provided more than $3.5 million in grants and recognized more than 130 individuals across the country.

Read more about Nancy Gaudet and Type One Families at https://typeonefamilies.org/. 

Read more about the 2025 Health Access Hero Awards, including all of the recipients at:  https://www.dentaquest.com/en/about-us/health-access-heroes.  

About DentaQuest
Sun Life U.S. Dental, which includes DentaQuest, is dedicated to improving the oral health of all through purpose-driven, outcomes-based solutions. We make dental benefits better for everyone through Preventistry^® – an inclusive approach centered on preventive, quality care, expanded access and solutions built on valued relationships across the health care ecosystem. We manage dental and vision benefits for approximately 35 million Americans. For 30 years, we have delivered cost-effective benefit plans and services for employer groups, individuals, health plans, and government-sponsored dental programs. We are the largest Medicaid and CHIP dental benefits administrator in the U.S., by membership. We also support direct patient care through an expanding network of approximately 75 dental practices in underserved communities across the United States. Learn more about Sun Life U.S. Dental at sunlife.com/dental and dentaquest.com.

About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2025, Sun Life had total assets under management of C$1.62 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Sun Life U.S. is one of the largest providers of employee and government benefits, helping approximately 50 million Americans access the care and coverage they need. Through employers, industry partners and government programs, Sun Life U.S. offers a portfolio of benefits and services, including dental, vision, disability, absence management, life, supplemental health, medical stop-loss insurance, and healthcare navigation. Sun Life employs more than 8,300 people in the U.S., including associates in our partner dental practices and affiliated companies in asset management. Group insurance policies are issued by Sun Life Assurance Company of Canada (Wellesley Hills, Mass.), except in New York, where policies are issued by Sun Life and Health Insurance Company (U.S.) (Lansing, Mich.). For more information visit our website and newsroom.

Media contacts

Devon Fernald
Sun Life U.S.
Devon.Portney.Fernald@sunlife.com
781-800-3609

Connect with Sun Life U.S.

https://www.facebook.com/SLFUnitedStates 
https://www.linkedin.com/company/sun-life-financial 

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SOURCE Sun Life U.S.

Thunder Power accelerates integration of Taiwan assets and expands renewable energy portfolio, marking a tenfold increase in solar capacity to advance third-quarter operational objectives and takes first steps toward NASDAQ relisting

WILMINGTON, Del., Nov. 17, 2025 /PRNewswire/ — Thunder Power Holdings, Inc. (OTCQB: AIEV) (“Thunder Power” or the “Company”), a technology innovator and developer of premium passenger Electric Vehicles (EVs), today provides an update for the third quarter of 2025, highlighting fresh operational progress and expanded strategic activity following previous milestones.

Share Exchange and Integration Progress with Taiwan Affiliate (Electric Power Technology Limited)

The Company is advancing toward finalization of the share exchange agreement with Electric Power Technology Limited (“TW Company”), following approval at the June 2025 annual meeting and completion of prior contractual steps. Further integration and organizational alignment are underway, with closing expected by year end 2025, subject to regulatory and shareholder approval.

Solar Power and Clean Energy Expansion

Thunder Power is entering the closing process for the acquisition of 100% equity in 16 solar power plants located in southern Taiwan, tenfold scale-up of managed capacity upon asset transfer from the current 0.5MW to 4.5MW. This added solar capacity and resulting power generation is expected to generate meaningful recurring revenue in excess of NT$20 million per year. Progress continues on establishing operational procedures for the new sites, with due diligence complete and transaction contracts signed.

The Company is evaluating acquisitions of engineering, procurement, and construction (EPC) solar providers, as well as reviewing seven solar power plant projects ranging from 300 kW to 1.5 MW. These steps position Thunder Power for vertical integration and improved margins in renewable energy deployment.

Ongoing Strategic Initiatives

Thunder Power is focused on maximizing value from every new project by using real-world market data, solar production analysis, and government incentives like feed-in tariff programs to drive investment decisions. The team tracks performance for each megawatt added, aiming for strong returns and alignment with Taiwan’s renewable energy targets. Expense management remains a priority as management actively seeks new financing options to invest in energy storage and emerging green technologies. 

Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, “We are moving forward toward closing our strategic merger with TW Company and anticipate completing this transaction by year-end. In parallel, we continue to actively pursue new opportunities to add scale and expand our green energy portfolio. Building on the merger with TW Company, in recent months, we have acquired 4.5MW of additional solar capacity and plan to capitalize on the significant demand for clean energy across Taiwan. Our strategic path includes further major solar asset acquisitions in 2026 with a target up to 50MW total. Government policy continues to drive a meaningful shift in power generation, and Thunder Power is committed to being at the forefront of this transition. We look forward to updating our stakeholders as we reach new operational milestones and execute our growth strategy in the coming months.”

Third Quarter 2025 Financial Highlights

• Revenues were nil, as Thunder Power continued to focus on pre-commercial development of premium electric vehicles.
• General and administrative expenses were $0.4 million for the quarter and approximately $1.7 million for the nine months. This reduction primarily reflects lower professional and consulting expenses year over year, while expenses continue to reflect ongoing investments in organizational infrastructure, professional services, and public company requirements.
• Net loss for the three months ended September 30, 2025 was $0.4 million; for the nine-month period ended September 30, 2025, net loss totaled $1.7 million. Loss per share was $0.01 for the quarter and $0.03 for the nine months.
• Cash on hand as of September 30, 2025 was $16,441. Management has noticed material uncertainty regarding the Company’s ability to continue as a going concern, citing significant operating losses, constrained cash inflow, its delisting from Nasdaq, and uncertainty surrounding its access to the capital markets. Cash used in operating activities for the nine months was $1.4 million, primarily driven by net loss and modest increases in related party and accrued payables.
• As previously disclosed, the Company’s principal shareholder continues to remain involved in an ongoing legal proceeding, which impacts the Company’s governance and access to financial support. A recent court judgment has introduced significant uncertainty about the shareholder’s future involvement, but the case remains subject to appeal. Management is evaluating pathways to resolve this situation and continues to pursue alternative financing and restructuring options. See Thunder Power’s latest quarterly report for further details.

Commenting on the Company’s financial results, Mr. Nicoll continued, “While Thunder Power has not begun generating revenue, our efforts to streamline operations are evident in the latest results. During the third quarter of 2025, Thunder Power continued disciplined expense management and a year-over-year decline in general and administrative costs, while navigating ongoing M&A transaction due diligence and associated fees as well as our public company reporting requirements. We remain committed to pursuing additional sources of funding to execute on our roadmap, while navigating near-term challenges and building the foundation for sustainable, long-term growth.”

About Thunder Power Holdings, Inc.
 

Thunder Power is a technology innovator and a developer of innovative electric vehicles (“EVs”). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high-performance EVs, targeting markets initially in Asia & Europe. Thunder Power’s acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: https://aiev.ai/.

Contact:

AIEV Investor Relations
AIEV@dennardlascar.com
713-529-6600

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminologies such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) risks related to the completion and integration of mergers or acquisitions, including the TW Company share exchange and solar asset acquisitions; (ii) the ability to obtain and maintain required regulatory, governmental, and shareholder approvals; (iii) successful transfer of acquired asset ownership and timely operational integration; (iv) loss of key management or project personnel; (v) unexpected delays or increased costs in expanding solar and clean energy projects or transitioning to recurring revenue models; (vi) challenges and uncertainties in securing new financing and access to capital markets, including requirements for a potential NASDAQ relisting; (vii) changes in government energy policy, incentive or subsidy programs, and regulatory environments, particularly in Taiwan and other key markets; (viii) risks from supply chain interruptions or volatility of costs for critical raw materials in the EV and solar sectors; (ix) increased competition, technological change, or shifts in consumer demand in the electric vehicle and renewable energy markets; (x) adverse economic or industry-specific developments; (xi) the outcome of ongoing legal proceedings involving the Company’s principal shareholder and its impact on governance or financial support; and (xii) other known or unknown risks as described in the Company’s SEC reports and filings. All forward-looking statements attributable to the Company or persons acting on its behalf, including those relating to expected returns, planned increases in capacity, anticipated acquisition closings, and other projections referenced in this press release, are expressly qualified in their entirety by these risk factors as well as those disclosed in the Company’s filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.

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SOURCE Thunder Power Holdings, Inc.

Beyond Limits raised critical funds for Beyond Type 1’s Beyond Barriers initiative, fueling the next decade of global growth, innovation, and meaningful change in diabetes care

NEW YORK, Nov. 17, 2025 /PRNewswire/ — Beyond Type 1, the global nonprofit co-founded by Nick Jonas and Juliet de Baubigny, marked its 10th anniversary with Beyond Limits, a milestone celebration in New York City at the Ziegfeld Theater. The evening brought together more than 400 guests, including well-known voices and advocates in the diabetes community such as sports reporter Adam Schefter and featured a special performance by the Jonas Brothers. Beyond Type 1 will expand its Beyond Barriers initiative with funds raised, enabling Innovation Grants to reach over 288,000 people affected by diabetes in under-resourced communities.

The evening opened with de Baubigny and Jonas taking the stage, on the day that marked the 20th anniversary of Jonas’ type 1 diabetes diagnosis. Jonas said, “The support I received from my family, my parents who are here tonight, my friends, and my team gave me the belief that if we could one day extend that same support … to everyone living with diabetes, we could truly rewrite the story of life with this condition.”

That spirit of community and possibility carried through the evening’s centerpiece moment, the inaugural Beyond Limits Awards, hearing stories from five extraordinary individuals whose work is shaping the future of diabetes awareness, innovation and advocacy.

• Spotlight Awards: Presented by Love Island’s Jaden Ashley, actor, athlete, philanthropist, and musician Romeo Miller—who broke Michael Jackson’s record as the youngest artist to reach number one (many of us first knew him as Lil’ Romeo)—and The Amazing Race’s Adam Abdin were honored for using their platforms to spotlight diabetes, educate the public, and inspire others to live boldly and without limits. Abdin lives with type 1 diabetes, and Miller’s young daughter also lives with type 1.
• Innovator in Science & Technology Award: Dr. Per-Ola Carlsson, a professor and endocrinologist from Sweden, was recognized as a trailblazer whose groundbreaking work is accelerating the path toward a cure.
• The Tech Impact Award, sponsored by Abbott Diabetes Care: Justin Eastzer was honored as a top creator who makes diabetes technology easier to understand and embrace.
• The Max Stenbeck Global Hero Award: Geethanjali Rangaswamy, an advocate from India, was celebrated for fighting stigma, raising awareness and driving global progress for people living with diabetes.

Reflecting on the evening, Beyond Type 1 CEO Deborah Dugan said, “Since day one, Beyond Type 1 has amplified the voices of the diabetes community because storytelling sparks connection, collaboration and change. Ten years in, we’re building on that foundation, joining forces with bold and unexpected partners to drive impact where it’s needed most.”

The evening also spotlighted the organization’s expanding international work, including new partnerships in India through its Beyond Barriers initiative. The program culminated in a live auction and mission moment—with 100 percent of proceeds benefiting Beyond Barriers—before guests enjoyed a 45-minute headline performance by the Jonas Brothers.

Closing Gaps in Diabetes Care

Through its Beyond Barriers initiative, Beyond Type 1 is reaching people living with diabetes in underrepresented communities across the U.S. and around the world, including India, home to the highest number of children and teens living with type 1 diabetes globally. The need is urgent: The burden of diabetes and its complications is twice as great for low-income and minority populations, and more than 75 percent of adults with diabetes live in low- and middle-income countries where access to diagnosis and care remains limited.

Beyond Barriers partners with local organizations to improve early detection, expand access to care, and foster long-term support—providing financial backing through Innovation Grants, along with education and training that help local programs thrive. To date, the initiative has reached nearly 5 million people worldwide, including 1.9 million across the U.S. and 3 million through pilot programs in India.

This year, Beyond Type 1 announced the U.S. recipients of its Beyond Barriers Innovation Grants: Glucose Guide, Diabetes Insights, Mobile Healthcare Association, Mobile Care Chicago, Hip Hop Public Health, and the Morehouse School of Medicine H.E.A.L. Clinic. The 2025 grants fund projects that expand mobile health and telehealth services, and host community-based screening and education events with local partners in cities including Tampa, Miami, Los Angeles, Washington, D.C., New York, Denver, Atlanta, Chicago, Detroit, and Dallas.

In India, the organization has provided grants to local partners—Nityaasha Foundation, Gram Jyoti, and Samatvam Diabetes Center—to amplify efforts in high-need regions, Delhi-NCR, Rajasthan, Maharashtra, Tamil Nadu. Programs will raise awareness of the signs of diabetes, build support networks, and provide education and training for schools, communities, and healthcare providers.

Beyond Type 1 also partners with Risely Health, a virtual coaching and community platform that extends Beyond Barriers’ reach, providing grantees and their communities with lasting connection, education and empowerment throughout the diabetes journey.

Celebrating a Decade of Impact

Since its founding in 2015, Beyond Type 1 has redefined what it means to live with diabetes. Over the past decade, the organization has built the world’s largest digital diabetes community, reaching more than 200 million people worldwide. It has published more than 6,000 multilingual educational resources, invested more than $1 million in community programs and innovation grants, and provided $2 million in college scholarships.

The organization has also created life-saving programs such as GetInsulin.org, Thrive Out Loud screening events and #SeeTheSigns, the largest awareness program for the early signs of diabetes, supported by 4,000 community ambassadors worldwide.

About Beyond Type 1
Beyond Type 1 is a global nonprofit changing what it means to live with diabetes, serving the world’s largest digital diabetes community. Co-founded by Nick Jonas and Juliet de Baubigny in 2015, we provide tools, education, and support to help people with type 1 and type 2 diabetes survive, thrive, and drive innovation toward prevention and cures. Visit BeyondType1.org to learn more.

CONTACT: beyondt1@berlinrosen.com

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SOURCE Beyond Type 1

PALM SPRINGS, Calif., Nov. 17, 2025 /PRNewswire/ — Ernst & Young LLP (EY US) announced that Jitendra Mohan, Co-Founder, CEO; Sanjay Gajendra, Co-Founder, President & COO; and Casey Morrison, Co-Founder, Chief Product Officer, of Astera Labs, a global leader in purpose-built connectivity solutions for enterprise AI, have been named the Entrepreneur Of The Year^® 2025 National Overall Award winners.

For 40 years, the Entrepreneur Of The Year program has celebrated ambitious entrepreneurs who are transforming industries, impacting communities and creating long-term value. Mohan, Gajendra and Morrison were chosen by an independent panel of judges from a group of 221 Entrepreneur Of The Year regional winners, representing 191 companies across the US. Astera Labs’ solutions are at the core of how today’s data centers support the explosive growth of AI.

“Entrepreneur Of The Year has celebrated the bold leaders who redefine what’s possible for more than four decades. This program honors the many ways entrepreneurs drive our economy — through ingenuity, courage and an unwavering spirit of innovation,” said Andrew (AJ) Jordan, EY Americas Entrepreneur Of The Year Co-Director. “This year’s winners — Jitendra, Sanjay and Casey — embody that spirit. Their breakthroughs in connectivity let data centers across six countries talk to each other at lightning speed, boosting reliability and performance and redefining intelligent infrastructure. We are honored to celebrate them as the Entrepreneur Of The Year 2025 National Overall Award winners.”

The Astera Labs cofounders recognized a tremendous gap in the market for connectivity solutions to support the growing demands of AI workloads. They embarked on a venture that enables the expanding AI ecosystem’s nervous system to scale and use computer resources more efficiently. While most startups have focused on developing AI accelerators, Astera has addressed the unique challenges encountered by hyperscalers and large-scale cloud service providers.

Since 2017, Astera Labs has offered hardware with embedded software that improves data center observability, enabling predictive analytics for proactive maintenance, resource optimization and enhanced performance. Their commitment to research and development, innovation and cultivating a collaborative workforce — now nearly 500 strong — has been central to their continued success.

“Today’s environment rewards entrepreneurs who can innovate at speed and scale. Astera Labs’ founders have done exactly that, developing purpose-built silicon and software solutions for the world’s leading data centers,” said Anna Horndahl, EY Americas Entrepreneur Of The Year Co-Director. “Their talent strategy, smart market expansion and strong execution make them standout winners in a pivotal moment for AI.”

In addition to Mohan, Gajendra and Morrison, EY US recognized 10 other exceptional Entrepreneur Of The Year 2025 National Award winners from nine companies:

• John V. Oyler, Co-founder and Chairman and CEO, BeOne Medicines, Cambridge, Massachusetts
• Kate Haviland, CEO, Blueprint Medicines, Cambridge, Massachusetts
• Don Wenner, Founder and CEO, DLP Capital, St. Augustine, Florida
• Mitchell Eviston, Founder and CEO, Meristem Crop Performance Group, LLC, Powell, Ohio
• Tricia Wallwork, CEO, Milo’s Tea Company, Bessemer, Alabama
• Stephen Ellsworth, Founder & Chief Product Officer, and Allison Ellsworth, Founder & Chief Brand Officer, Poppi, Austin, Texas
• Walter Driver, Co-CEO and Chairman of the Board, Scopely, Culver City, California
• Charlie Youakim, CEO and Founder, Sezzle, Minneapolis, Minnesota
• Nathan Ough, President & CEO, VoltaGrid, Houston, Texas

Winners were selected by an independent panel of judges based on entrepreneurial spirit, purpose, growth and impact. The program honors original founders who grew their business from inception; visionary CEOs who transformed existing companies with innovation; and family business leaders who modernized legacy models for future success.

This year’s 221 regional winners represent 191 companies that are shaping what’s next for the economy. Collectively, they generated more than $59 billion in revenue over the past year and employ over 189,000 people. Over the last three years, these companies achieved 38% sales growth and expanded their teams by 23%.

“Since the program’s inception, more than 11,000 ambitious entrepreneurs have been part of the Entrepreneur Of The Year community in the US. Over the years, these visionaries have shaped industries, inspired generations and continually redefined what’s possible,” Jordan said. “The Class of 2025 is no exception. Their achievements are a testament to the enduring power of entrepreneurship and the limitless potential of those who dare to lead.”

The national winners were announced during a celebration held at the Strategic Growth Forum^®, the nation’s most prestigious gathering of high-growth, market-leading companies. Learn more about the Entrepreneur Of The Year 2025 national honorees. All regional and national winners who were celebrated this year are lifetime members of an esteemed community of award winners, with exclusive, continued access to the experience, insight and wisdom of fellow alumni and other ecosystem members in nearly 80 countries — all supported by the full suite of EY resources.

EY US also supports entrepreneurs through the EY Entrepreneurial Winning Women™ program and the EY Entrepreneurs Access Network to help connect underserved entrepreneurs with the resources, network and access needed to unlock their full potential

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, SAP, Cresa LLC, Marsh USA, and the Ewing Marion Kauffman Foundation.

About Entrepreneur Of The Year^®
Founded in 1986, Entrepreneur Of The Year^® has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 80 countries and territories globally.

The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum^® in November where National finalists and award winners are announced. The overall National winner represents the US at the World Entrepreneur Of The Year^® competition. Visit ey.com/us/eoy.

About EY
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multidisciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

Mackenzie Borland
Ernst & Young LLP
+1 908 256 6919
mackenzie.borland@ey.com 

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SOURCE EY

PINE BROOK, N.J., Nov. 17, 2025 /PRNewswire/ — A.J. Willner Auctions will conduct a major liquidation auction of approximately 700,000 Spanish-language and bilingual books from Lectorum Publications, the largest and longest-running Spanish-language book distributor in the United States. The company is closing its doors after more than 60 years in business, citing dramatic federal funding changes that devastated sales throughout 2024.

Lectorum president and CEO Alex Correa told Publishers Weekly that the company’s downfall was driven by a sudden and severe shift in federal school funding—specifically, changes to Title I allocations, which historically enabled schools to purchase Spanish-language reading materials for bilingual and ESL programs.

“The most critical factor for us was the shift in federal funding policies for schools, in particular regarding Title I funds, intended in part for purchases of books in Spanish,” Correa said.

“Our sales were impacted by 30% during the year, which is hard on an industry that already works with thin margins.”

For decades, Lectorum was a cornerstone supplier to educational institutions across the U.S. In previous years, schools accounted for roughly 60% of the company’s business, and children’s books for grades K–8 represented 70–75% of total sales. After the pandemic, the company’s revenue stabilized at roughly $12 million annually, but the sudden policy shift and corresponding drop in school purchasing proved unsustainable.

With school budgets redirected and Spanish-language book allocations curtailed, Lectorum experienced an unprecedented collapse in demand—forcing the company to wind down operations and liquidate its inventory.

Auction Details

• Auctioneer: A.J. Willner Auctions

• Inventory: Approx. 700,000 Spanish-language & bilingual books

• Categories: K–8 children’s literature, award-winning titles, classroom sets, library editions, trade books, bilingual readers, and more

• Location: Pine Brook, NJ

• Timed Online Auction Ends: Dec 4^th, 2025.

A Historic Opportunity for Schools, Libraries, Liquidators & Resellers

For decades, Lectorum has been the leading source of Spanish-language literature for U.S. schools, libraries, bilingual programs, and literacy initiatives. The liquidation represents the single largest offering of Spanish-language educational inventory to hit the U.S. market in years.

Buyers will have access to:

• Pallet lots of new, current-catalog titles
• Children’s bestsellers and bilingual classics
• Classroom sets and guided-reading materials
• Hardcovers, paperbacks, library bindings
• Publisher overstocks, backlist, and deep inventory across all age groups

About Lectorum Publications

Founded more than 60 years ago, Lectorum Publications was the nation’s largest independent distributor of Spanish-language books, serving public schools, dual-language programs, universities, and libraries nationwide. The company also operated as a publisher and produced Spanish-language editions of major U.S. children’s titles.

About A.J. Willner Auctions

A.J. Willner Auctions is a full-service business liquidation firm specializing in commercial inventory, industrial assets, heavy equipment, and specialty collections. With over 100 years of combined experience, the firm serves banks, trustees, attorneys, and private owners throughout the northeastern United States.

CONTACT:
AJ Willner Auctions
Harry Byrnes
(908) 789-9999

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SOURCE AJ Willner Auctions LLC