Tag: PR Newswire

Astronauts wrap up mission after supporting research that could lead to new cancer treatments, more lifelike robotics, space debris removal, and more

KENNEDY SPACE CENTER, Fla., Aug. 11, 2025 /PRNewswire/ — After nearly six months onboard the International Space Station (ISS), the four astronauts of NASA’s SpaceX Crew-10 mission have safely returned to Earth. This weekend’s splashdown off the coast of California concludes a long-duration science expedition that supported dozens of investigations sponsored by the ISS National Laboratory^®.

NASA astronauts Anne McClain and Nichole Ayers, Japan Aerospace Exploration Agency (JAXA) astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov played a vital role in advancing science in space, contributing to biomedical research, physical and materials sciences, technology demonstrations, and student-led experiments. Their work helped push the boundaries of discovery in low Earth orbit to benefit life on Earth and support a sustainable and robust space economy.

ISS National Lab-sponsored projects the crew worked on during their mission include the following:

• A project from the University of Connecticut and Eascra Biotech, in partnership with Axiom Space, is using microgravity to improve the production of Janus base nanomaterials, which could be used to treat diseases like osteoarthritis and cancer. This project builds on previous ISS investigations and is funded through NASA’s In-Space Production Applications program.
• Multiple projects were funded by the U.S. National Science Foundation, which has a long-standing partnership with the ISS National Lab to advance fundamental research on the orbiting laboratory.
• Rensselaer Polytechnic Institute, in partnership with Tec-Masters, is building on previous research to better understand why protein clumping occurs during pharmaceutical manufacturing—a significant challenge in the industry.
• Researchers from the University of California, Santa Barbara, in collaboration with Redwire Space Technologies, are studying a liquid separation phenomenon that could be used to create materials for more lifelike robotics.
• ELVIS may enhance the search for life beyond Earth. Portland State University, in collaboration with NASA’s Jet Propulsion Laboratory in Southern California and Teledyne Brown Engineering, Inc., tested a new holographic microscope—the Extant Life Volumetric Imaging System (ELVIS)—that could allow scientists to study the adaptability of life under extreme conditions.
• Kall Morris Inc, in partnership with Voyager Technologies, leveraged the Astrobee free-flying robots on the space station to validate its REACCH system, which uses tentacle-looking arms with gecko-like adhesive pads to capture floating space debris. REACCH could help protect critical in-orbit infrastructure for Internet communications, weather prediction, GPS, and more.

The ISS National Lab is proud to have partnered with NASA and international collaborators to enable this impactful space-based research for the benefit of humanity. The return of NASA’s SpaceX Crew-10 mission marks the successful completion of another science expedition in the ongoing effort to leverage space as an innovation platform.

To learn more about the science supported by the astronauts during this mission, visit our launch page.

Download a high-resolution image for this release: Crew-10 Return

About the International Space Station (ISS) National Laboratory:
The International Space Station (ISS) is a one-of-a-kind laboratory that enables research and technology development not possible on Earth. As a public service enterprise, the ISS National Laboratory^® allows researchers to leverage this multiuser facility to improve quality of life on Earth, mature space-based business models, advance science literacy in the future workforce, and expand a sustainable and scalable market in low Earth orbit. Through this orbiting national laboratory, research resources on the ISS are available to support non-NASA science, technology, and education initiatives from U.S. government agencies, academic institutions, and the private sector. The Center for the Advancement of Science in Space^® (CASIS^®) manages the ISS National Lab, under Cooperative Agreement with NASA, facilitating access to its permanent microgravity research environment, a powerful vantage point in low Earth orbit, and the extreme and varied conditions of space. To learn more about the ISS National Lab, visit our website.

As a 501(c)(3) nonprofit organization, CASIS accepts corporate and individual donations to help advance science in space for the benefit of humanity. For more information, visit our donations page.

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SOURCE International Space Station National Lab

WASHINGTON, Aug. 11, 2025 /PRNewswire/ — Signed into law by President Franklin D. Roosevelt on August 14, 1935, the Social Security Act is landmark legislation providing retirement benefits for older Americans that later was expanded to include benefits for the disabled, survivors, and others. To commemorate the program’s 90^th anniversary, Dan Doonan, Executive Director, National Institute on Retirement Security, issued the following statement.

“As we mark the 90th anniversary of Social Security, we celebrate one of the most successful and enduring programs in American history. For nine decades, Social Security has provided a critical foundation of financial security for millions of Americans, ensuring that after a lifetime of hard work, seniors can retire with dignity and peace of mind. With enactment of Social Security Act, our nation promised its workers that retirement would not mean poverty. Today, it’s a promise worth keeping.

This anniversary comes at a time when economic inequality is growing, and far too many Americans face an uncertain retirement future. For many, Social Security is their primary or even only source of guaranteed retirement income. The program’s success is a testament to our nation’s commitment to protecting those who have contributed to our economy throughout their working lives.

But we must not take this program for granted. With Social Security’s trust fund facing long-term solvency challenges, now is the time for Congress to come together and develop a bipartisan solution that provides assurances to retired Americans and keeps the promise to future generations. Our research finds overwhelming bipartisan support for Social Security and a desire for our leaders to act with urgency and responsibility to protect the program.

At the National Institute on Retirement Security, we are committed to providing data-driven, pragmatic research to help guide policy discussions about retirement security and the future of Social Security. As we look ahead, our role will continue to be offering fact-based insights to inform solutions that protect and strengthen this vital program.”

The National Institute on Retirement Security is a non-profit, non-partisan organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers and the economy as a whole. Located in Washington, D.C., NIRS membership includes financial services firms, employee benefit plans, trade associations, and other retirement service providers. More information is available at www.nirsonline.org.

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SOURCE National Institute on Retirement Security

The activated carbon market is anticipated to expand at a rapid pace due to rising global demand for clean water, and effective wastewater treatment. 

WESTFORD, Mass., Aug. 11, 2025 /PRNewswire/ — SkyQuest Technology Consulting published a report, titled, ‘Activated Carbon Market – Global Opportunity Analysis and Industry Forecast, 2025-2032′, valued at USD 5.41 Billion in 2024. With a projected CAGR of 8.3% from 2025 to 2032, the market is expected to reach USD 11.25 Billion by the end of 2032. Governments are implementing stricter rules for industrial emissions, wastewater discharge, and air pollution, compelling industries and municipalities to adopt advanced filtration and purification technologies where activated carbon is indispensable.

Get a Free Sample Copy of the Report: https://www.skyquestt.com/sample-request/activated-carbon-market

Activated Carbon Market Key Growth Drivers

The activated carbon market is currently experiencing robust expansion, primarily driven by a growing global imperative for environmental protection and increasingly stringent regulatory frameworks. A significant driver is the rising demand for effective water and wastewater treatment solutions. With escalating global populations, rapid industrialization, and the pervasive issue of water scarcity, activated carbon’s exceptional ability to remove impurities, pollutants, and undesirable odours from water makes it an indispensable component in municipal, industrial, and residential purification processes.

In parallel, heightened concerns over air pollution and more stringent air quality regulations are profoundly impacting market growth. Activated carbon plays a critical role in filtering out volatile organic compounds (VOCs), mercury, and other hazardous gases from industrial emissions and even automotive exhaust. As industries and governments globally strive to meet stricter environmental compliance standards.

Recent Developments in Activated Carbon Market

• In May 2024, Organic Recycling Systems Limited (ORS) launched the Alpha Carbon platform and introduced its first activated carbon product, GAC-01. ORS produced activated carbon mainly from biomass like coconut shells using their in-house Sanjeevak Carbonization System. They focused on sustainable sourcing and low-emission manufacturing processes. The activated carbon is used in water treatment and various industries for purification.
• In February 2024, PEER Next launched activated carbon filters in India as an alternative to traditional cardboard filters. These filters used activated charcoal to reduce tar and make smoking smoother. The company sourced high-quality activated charcoal from the UK. PEER Next aimed to offer these filters at a lower price to make them more accessible to users.
• In August 2022, Ingevity acquired Nexeon Limited to help enter the EV market and grow the potential of its current activated carbon company.

Speak to our Analyst: https://www.skyquestt.com/speak-with-analyst/activated-carbon-market 

Major Challenges in Activated Carbon Industry

One of the most pressing issues is the volatility and scarcity of raw materials. Activated carbon is primarily derived from sources like coal, coconut shells, and wood. Factors such as fluctuating agricultural yields (for coconut shells), geopolitical dynamics, and energy demands (for coal) directly affect the availability and price consistency of these critical raw materials. This instability can lead to increased production costs and unpredictable pricing for manufacturers, affecting their profit margins and market competitiveness.

Furthermore, the high production costs themselves pose a considerable challenge. The manufacturing process for activated carbon is energy-intensive, requiring high temperatures and often chemical treatments. This not only inflates operational expenses but also raises environmental concerns regarding carbon emissions and sustainability, attracting closer scrutiny from regulators. The capital expenditure required for setting up and maintaining advanced production facilities is substantial, creating a barrier to entry for new players.

Competitive Landscape

The competitive landscape of the activated carbon market is characterized by a mix of large, established global players and numerous regional manufacturers, all striving to innovate and capture market share amidst growing environmental regulations and expanding applications. The competitive strategies often involve significant investments in expanding production capacities, developing specialized activated carbon products for niche applications (e.g., mercury removal, high-purity pharmaceuticals), and focusing on sustainable production methods using biomass.

In 2024, the competitive dynamics continued to evolve with strategic moves. For instance, Nordmann, a Germany-based chemical manufacturer, acquired Italy-based SD Chemicals S.r.l. in January 2024, which, while catering to cosmetics, signifies broader consolidation trends in chemical distribution that could indirectly impact activated carbon’s supply chain for certain applications.

The major players in the activated carbon industry include,

• Xylem (Evoqua Water Technologies LLC)
• Daigas Group, Kuraray Co., Ltd.
• Haycarb PLC
• Albemarle Corporation
• Kureha Corporation
• Ingevity
• Iluka Resources Limited
• Tronox Holdings PLC
• Norit
• Donau Carbon GmbH
• Silcarbon Aktivkohle GmbH
• Carbotech
• Activated Carbon Technologies Pty Ltd.
• Carbon Activated Corporation
• Boyce Carbon
• Universal Carbons (India)
• Genuine Shell Carb Private Limited
• Raj Groups (Raj Carbon)
• Micbac India

Want to Explore More, Read Full Overview: https://www.skyquestt.com/report/activated-carbon-market

Activated Carbon Market Segmental Analysis

Global activated carbon market is segmented by type, application, raw material, end user and region. Based on type, the market is segmented into powdered activated carbon (PAC), granular activated carbon (GAC) and others. Based on application, the market is segmented into liquid phase application and gas phase application. Based on raw material, the market is segmented into coal, coconut, wood, peat and others. Based on end user, the market is segmented into water treatment, food & beverage, pharmaceutical & medical, automotive, industrial and others.

• Based on type, powdered activated carbon (PAC) segment dominates due to its affordability and the flexibility it offers in dosage adjustments, making it a highly economical choice for water treatment, especially for seasonal or intermittent contamination issues.
• Based on application, the gas phase application holds the largest market share primarily due to the increasing global focus on air quality control and stringent regulations for industrial and automotive emissions. Activated carbon’s high porosity effectively adsorbs volatile organic compounds (VOCs), mercury, and other harmful gases from industrial stacks, vehicle exhausts, and indoor air purification systems.
• Based on raw material, coal segment dominates the market due to its widespread availability, relatively lower cost compared to other raw materials, and its versatility.
• Based on end user, the water treatment segment is the largest end-user of activated carbon, driven by the escalating global demand for clean and safe drinking water, coupled with increasingly stringent environmental regulations for industrial and municipal wastewater discharge.

Buy this Research Report (250+ Pages PDF with Insights, Charts, Tables, and Figures):
https://www.skyquestt.com/buy-now/activated-carbon-market

Regional Outlook

North America holds a substantial share in the activated carbon market. This is primarily driven by stringent environmental regulations, particularly from the U.S. Environmental Protection Agency (EPA), which mandate the removal of pollutants from water and air. The region sees high demand from municipal water treatment facilities, industrial applications (like mercury removal from power plants), and the food and beverage industry.

Asia Pacific region is the largest and fastest growing activated carbon market. This rapid expansion is increasing in countries such as China, India and Japan with increasing awareness of rapid industrialization, burden and environmental pollution.

Europe represents an important and mature activated carbon market. Market growth in this region is mainly driven by the strong environmental regulations that the EU has imposed, which requires high standards for water and air quality. Active carbon is widely used in municipal drinking water treatment, industrial emission control and various special applications in the drug and food industry.

LAMEA region is an emerging market that demonstrates stable growth capacity. This development is largely attributed to an increase in industrial development, especially in parts of the Middle East and Latin America, which requires more industrial water and air purification.

Explore More Extensive Coverage in the Sector:

Ready-Mix Concrete Market – Global Opportunity Analysis and Industry Forecast – 2032
https://www.skyquestt.com/report/ready-mix-concrete-market

Biopesticides Market – Global Opportunity Analysis and Industry Forecast – 2032
https://www.skyquestt.com/report/biopesticides-market

Titanium Dioxide Market – Global Opportunity Analysis and Industry Forecast – 2032
https://www.skyquestt.com/report/titanium-dioxide-market

Hydrogen Generator Market – Global Opportunity Analysis and Industry Forecast – 2032
http://www.skyquestt.com/report/hydrogen-generator-market 

Ethylene Market – Global Opportunity Analysis and Industry Forecast – 2032
http://www.skyquestt.com/report/ethylene-market 

About SkyQuest Technology Consulting

SkyQuest Technology Consulting is a leading Strategy Consulting and Market Research firm, provides syndicated as well as customized research reports and growth consulting services, trusted by CXOs from Fortune 500 Companies, Start-ups, and MSMEs. The company comprises a team of expert research analysts and consultants, adding more than 1200 market research reports in our database each year. These reports offer in-depth analysis on 40+ industries & sub industries across 25 major countries worldwide, serving global clients across diverse industries. The company specializes in delivering customized intelligence, data-driven insights, and strategic advisory services that enable businesses to stay competitive and make informed decisions in rapidly evolving industries.

Contact Us:
SkyQuest Technology Consulting
1 Apache Way, Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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SOURCE SkyQuest Technology

With Blistering Performance and Jaw-dropping Design, Amaris is Anticipated to Begin Production in Q4 2026

IRVINE, Calif, Aug. 11, 2025 /PRNewswire/ — Following a preview of its exterior design earlier this spring, the MY2027 Karma Amaris will be fully-revealed including its interior cabin during Monterey Car Week at The Quail, A Motorsports Gathering, on Friday, August 15; and Sunday, August 17, when Amaris will grace the famed Concept Lawn at the 74^th Pebble Beach Concours d’Elegance.

As the world’s first Hybrid EREV performance luxury coupé, Amaris fully delivers the exceptional driving dynamics and sheer speed promised by its purposeful stance and dramatic proportions. Packing 708 horsepower and 676 ft. lbs. torque, Amaris will launch from 0-60mph in less than 3.5 seconds, continuing-on to an electronically governed top speed of 165mph. Its Hybrid EREV powertrain consists of two electric motors driving the rear wheels, powered by a 41.5 kw/H battery which is maintained by a 4-Cylinder turbocharged ICE generator. This Hybrid EREV powertrain delivers over 100 miles of electric-only driving range, and over 400 miles of combined driving range (electric and ICE).

Amaris begins production in Q4/2026, and will be priced from approximately $200,000USD.

“Amaris delivers all the joys and indulgences of a thoroughbred performance coupe – staggering pace, exuberant style and opulent interior appointments – balanced with an ultra-low emissions Hybrid EREV powertrain which offers the freedom to refuel with gasoline or recharge with electricity, whichever is more convenient,” says Marques McCammon, President and Chief Executive, Karma Automotive. “Amaris delivers pure desire paired with eco-conscious driving like no other vehicle in the world.”

The powerful yet timelessly elegant carbon fiber and aluminum body of the Amaris, specified for Monterey Car Week in Solar Blaze Red paintwork, features the latest evolution of the Comet Line design language first established with the upcoming Karma Kaveya super-coupe. With Amaris, the Comet Line originates in the sculpted cowl aft of the nose, continuing rearward in an arc across the sides of the hood, descending rearward to amplify the wide, aggressive rear track. 22″ Constellation wheels, crafted in forged aluminum, fully-establish the purposeful, fluid stance of the Amaris. The voluptuous clamshell hood – incorporating Karma’s Target Lighting signature – creates a seamless transition and visual flow to the front fenders. The Backslash design element punctuates the space between the front wheels and the “swan doors,” which gracefully pivot upwards to dramatic effect. Its sleek rear glass profile concludes with an aero pass-through spoiler that reduces aerodynamic drag while creating rear axle downforce for increased stability at high speeds. The Americana-inspired side exhaust further signals performance and capability. 

Inside, the cabin of the Amaris is specified in Crimson Orbit leather and suede, with carbon fiber and piano black accents. Like the Kaveya super-coupe, Amaris features an electro-chromatically adjustable full glass roof; and “orbits” which visually define the driver and passenger environments. Amaris is shown in its 2-seater configuration, with its rear compartment sculpted to accommodate travel bags.

Carbon fiber adorns the doors, center console and rear support brace, creating the visual effect of an exposed carbon fiber monocoque with floating leather and suede panels. The door panel forms are drawn forward, descending from shoulder height towards the footwells, creating a sense of speed and acceleration. This same dynamic effect applies to the center console, which houses the gear selector and—concealed beneath a hinged leather ignition cover to further heighten anticipation for the driving experience ahead—the “Start” button.

Following Karma Automotive’s “reductionary” approach, non-essential features remain hidden until called upon, including the co-pilot’s display which illuminates once the passenger is seated; and cupholders that are concealed by the wireless phone charger until it is retracted with a gentle touch. The interior environment also hides atmospheric lighting that can be adjusted by the user, or changes according to the drive mode selected.

About Karma Automotive

Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of EREV (Extended-Range Electric) vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. Sales of the 3^rd Generation Karma Revero sport sedan, the world’s first luxury Hybrid EREV, are now underway in the USA and EU, offering luxury balanced with conscientiousness delivered without compromise. Sales of Revero’s ultra-exclusive, performance-tuned stablemate, Karma Invictus, are also now underway, to be followed by the Gyesera Hybrid EREV four-seater in Q4 2025, and the Amaris coupe in Q4 2026. The Karma Kaveya super-coupe, with up to 1,000HP and butterfly-doors, will arrive in 2027, and the Karma Ivara GT-UV will arrive in 2028: both will incorporate SDVA (Software-Defined Vehicle Architecture) developed with the world’s leading technology companies. Further, Karma Automotive will provide Tier 1’s and Original Equipment Manufacturers (OEMs) with business-to-business SDVA solutions, as it does today with Karma Connect, its proprietary Vehicle Data Management and Over-the-Air services platform, which presently provides services to the world’s second largest OEM. Karma Automotive’s dealer network spans North America, Europe, South America and the Middle East. (www.karmaautomotive.com) 

Media Contact:                                                                                                                                                         
          Joe Richardson, (917) 716-6617                                                                           
          Joe@BeautifulNoisePR.com

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SOURCE Karma Automotive

Marine Week Boston to be Honored at
Boston Common, Fort Sewall, Manning Field

BOSTON, Aug. 11, 2025 /PRNewswire/ — The United States Marine Corps is proud to announce Marine Week Boston will take place Aug. 20-25, 2025, as part of the storied service’s year-long 250th birthday celebration. In Greater Boston, from Southie to Marblehead, Marines will celebrate its Veterans, honor the Corps’ centuries-long legacy of tradition and service, connect with fellow Americans and inspire future Marines and military leaders.

The series of events is an opportunity for the Greater Boston community to see up close the extraordinary talent and commitment of Marines who serve as a living testament to the Corps’ heritage of excellence. The celebration will include an impressive display of Marine Corps aircraft and vehicles on Boston Common, daily public workouts with the Marines, Quantico Marine Band and Silent Drill Platoon performances throughout the area, a ceremony at historic Fort Sewall and much more.

The U.S. Marine Corps was authorized by an act of the Second Continental Congress 250 years ago, bestowing upon Capt. Samuel Nicholas the responsibility to establish the first Marine Corps recruiting command at Tun Tavern in Philadelphia, Pa., on November 10, 1775.

“For centuries, the Marine Corps has had a storied history in Boston,” said Col. J.J. Wilson, commander of Special Purpose Marine Air-Ground Task Force 250, the unit leading the Marine Corps’ year-long commemoration. “We’re grateful for the support of the people of Boston and Massachusetts, where American Marines have been stationed since the Corps’ beginning¹. We’re proud to be able to celebrate Marine Week Boston and invite the community to join us and share their stories while we write new chapters in our beloved Corps’ legacy.”

Public and Media Opportunities during Marine Week Boston:

1. Thu, Aug. 21: Marblehead Ceremony: The public is invited to celebrate the Marine Corps’ 250^th birthday at historic Fort Sewall in Marblehead, Mass., a key fortification in New England during the Revolutionary War and later military campaigns. The ceremony will begin at 4:30 p.m. and will feature the world-famous Silent Drill Platoon, the Color Guard, the Quantico Marine Band, and a thrilling Marine Corps flyover, with remarks by Col. J.J. Wilson and other dignitaries. (mult-box provided for media)
2. Thu, Aug. 21: The Marblehead Ceremony will be followed by a special free performance by the Quantico Marine Rock Band at The Landing Restaurant in Marblehead at 6:30 p.m.
3. Thu-Sun, Aug. 21-24: Workout with the Marines: The public is invited to join Marines for ‘Morning PT’ each morning from 7-8 a.m. on Boston Common Baseball Field. Exercises are suitable and adaptable for all ages and designed to test strength, endurance and coordination. Sign-up opens at 6:30 a.m.
4. Thu-Sun, Aug. 21-24: Static Display: The public is invited to interact with a large display of Marine Corps aircraft and equipment at Boston Common. Opportunities are available to try on parachutes, climb aboard aircraft, participate in a pull-up challenge, check out camo face painting for kids, and see performances by the Quantico Marine Band and the Silent Drill Platoon. Open from 9 a.m. to 7 p.m., with the exception of Aug. 24, which will close at 4 p.m.
5. Thu-Sun, Aug. 21-24: Wreath-Laying Ceremonies: The Marine Corps will commemorate the lives and legacies of those who made the ultimate sacrifice in defense of the Nation with daily wreath-laying ceremonies. The public is invited to observe the ceremonies at the Boston Common Soldiers and Sailors Monument each day at 9 a.m.
6. Fri-Sun, Aug. 22-24: Colors Ceremonies: Daily colors ceremonies will take place at Boston City Hall (Congress St. side) each morning at 8 a.m. and each evening at 8 p.m.
7. Fri, Aug. 22: The Quantico Marine Rock Band will perform outdoors at the iconic Faneuil Hall Marketplace from 5-7 p.m.
8. Sun, Aug. 24: Recruiting Station Boston welcomes the community to Manning Field in Lynn, Mass., to see performances by the Quantico Marine Band, the Silent Drill Platoon, the Color Guard, and a field competition for future Marines led by Marine Corps Drill Instructors. The event begins at 9 a.m. and ends at 3 p.m.
9. Sun, Aug. 24: Closing Ceremony: The public is invited to Marine Week Boston’s Closing Ceremony at Christopher Columbus Waterfront Park at 4 p.m., featuring the Quantico Marine Band, Silent Drill Platoon, and Color Guard.

Primary On-Site Media Contact:
Josh Zecher
josh@mediaadvisoryexperts.com
(703) 930-4941 cell

Secondary On-Site Media Contact:
Mark Albert
mark@mediaadvisoryexperts.com
(202) 241-1833 cell

About the United States Marine Corps
The electronic press kit for the Marine Corps’ 250^th birthday celebration can be downloaded here. The celebration’s official website is here; hashtag #Marines250. The U.S. Marine Corps Style Guide is here. Learn more about the history of the Marine Corps.

¹ https://bit.ly/USMCBriefHistory

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SOURCE United States Marine Corps

VANCOUVER, BC, Aug. 11, 2025 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the second quarter ended June 30, 2025. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights

• Ballard initiated a strategic realignment to achieve positive cash flow by year-end 2027 and included actions to reduce annualized operating costs by ~30% relative to the first half of 2025.
• Revenue of $17.8 million, up 11% YoY and gross margin of (8%), a 24 point increase YoY.
• 27% reduction in Cash Operating Costs¹ due to 2024 restructuring actions and 19% reduction in Total Operating Expenses² driven primarily by 2024 restructuring actions, partially offset by initial restructuring costs related to the July restructuring.
• Q2 ended with $550.0 million in cash and cash equivalents.

“We have made progress with respect to improving our financial performance and with our recently announced strategic realignment we have established a core goal to achieve positive cash flow by year-end 2027” said Marty Neese Ballard’s newly appointed President and CEO. “Our focus needs to be on real, near-term opportunities where Ballard delivers clear value along with a sustainable business model that emphasizes operational excellence and cost discipline.”

“The restructuring plan, announced in July, aims to reduce Ballard’s annualized operating costs by approximately 30%, a majority of which will be driven by an immediate reduction in workforce,” continued Mr. Neese. “The plan also includes product portfolio simplification focusing on our strongest products and continued product cost reduction activities. This, along with more rigorous value-based pricing strategies, will support margin expansion. We will continue to limit capital expenditure and closely manage our cash to support our balance sheet. We expect majority of restructuring charges to be recognized in the third quarter, and the full benefit of reduced operating expenses in 2026.”

“Though the macro landscape continues to be dynamic, deliveries to our bus and rail customers remained on pace, driving year-over-year revenue growth of 11%.  We continue to make meaningful progress on Project Forge, our high volume bi-polar plate line, and a key product cost reduction initiative. Even as Q2 order intake was challenged, we secured new orders, including one of the largest marine orders on record to eCap and Samskip that was announced after the quarter end.” 

Mr. Neese concluded, “We continue to believe in the necessary role of hydrogen and fuel cells to decarbonize select heavy mobility and stationary power applications and we have taken action to continue our leadership position in this space. With $550 million in cash, no bank debt and no financing requirement for the foreseeable future, we are well positioned to reliably serve our customers over the long term as we move forward on our mission.” 

Q2 2025 Financial Highlights
(all comparisons are to Q2 2024 unless otherwise noted)

• Total revenue was $17.8 million in the quarter, up 11% year-over-year.
  • Heavy Duty Mobility revenue of $16.1 million, 22% higher year-over-year, driven by bus and rail deliveries to North American and European customers.
• Gross margin was (8%) in the quarter, an improvement of 24-points year-over-year, due to lower manufacturing overhead costs from restructuring actions taken in 2024 and a net reduction in onerous contract provisions.
• Total Operating Expenses² were $31.7 million, a decrease of 12%, as a result of our reduced global operating cost structure from our 2024 restructuring activities and includes $6.3 million in restructuring and other charges incurred in the quarter. Excluding these charges, Total Operating Expenses² decreased by 30% year-over-year. Cash Operating Costs¹  were $22.7 million, a decrease of 27%, also driven by the 2024 restructuring.
• Total Cash Used by Operating Activities was $20.3 million, compared to $35.1 million in the prior year. Cash and cash equivalents were $550.0 million at the end of Q2 2025, compared to $678.0 million in the prior year.
• Adjusted EBITDA¹ was ($30.6) million, compared to ($35.4) million in Q2 2024, driven primarily by the improvement in gross margin, and by lower Cash Operating Costs. These improvements were partially offset by higher restructuring and related expenses and higher impairment losses on trade receivables.
• Order Backlog at the end of Q2 2025 was $146.2 million, a decrease of 7% compared to the end of Q1 2025 as the result of soft order intake of $8.3 million and removal of certain high-risk orders.
• The 12-month Orderbook was $84.3 million at end-Q2, a decrease of $8.0 million or 9% from the end of Q1 2025.

2025 Outlook

Consistent with our past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue and net income (loss) guidance for 2025 is not provided. We expect revenue in 2025 will be back-half weighted. Restructuring actions taken in July 2025 may result in revisions to our guidance ranges to be updated at a future date. At this time, Total Operating Expense², excluding restructuring charges, and Capital Expenditure³ are expected to be at the low end of their respective guidance ranges. With restructuring charges included, Total Operating Expense² is expected to be at the high end of the guidance range. Total Operating Expense² and Capital Expenditure³ guidance ranges for 2025 are as follows:

Q2 2025 Financial Summary

For a more detailed discussion of Ballard Power Systems’ first second 2025 results, please see the company’s financial statements and management’s discussion & analysis, which are available at www.ballard.com/investors, www.sedarplus.ca and www.sec.gov/edgar.shtml.

Ballard today also announced a change to its Board of Directors, with Yingbo Wang stepping down and Huajie Wang appointed as a Weichai nominee director. The Board thanked Yingbo for his valuable contributions and welcomed Huajie, who will bring extensive experience and strategic insight to the Board.

Conference Call
Ballard will hold a conference call on Monday August 11, 2025 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2025 operating results. The live call can be accessed by dialing +1-833-821-2814 (Canada/US toll free). Alternatively, a live audio and webcast can be accessed through a link on Ballard’s homepage (www.ballard.com). Following the call, the audio webcast and presentation materials will be archived in the ‘Earnings, Interviews & Presentations’ area of the ‘Investors’ section of Ballard’s website (www.ballard.com/investors).

About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero- emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

Important Cautions Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements concerning the markets for our products, Order Backlog, expected revenues, gross margins, operating expenses, capital expenditures, corporate development activities, and impacts of investments in manufacturing and R&D capabilities and cost reduction initiatives. These forward-looking statements reflect Ballard’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard’s ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Any such statements are based on Ballard’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, market demand and financing needs. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard’s most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard’s actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, level of achievement of our business plans, achieving and sustaining profitability, changes that affect how long our cash reserves will last and the timing of, and ability to obtain, required regulatory approvals. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please refer to Ballard’s most recent Annual Information Form. These forward-looking statements represent Ballard’s views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. These forward-looking statements are provided to enable external stakeholders to understand Ballard’s expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.

Further Information
Sumit Kundu – Investor Relations, +1.604.453.3517 or investors@ballard.com

Endnotes

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SOURCE Ballard Power Systems Inc.

GOTHENBURG, Sweden, Aug. 11, 2025 /PRNewswire/ — On Thursday August 14, Minesto, leading ocean energy developer, will publish their Half-Year Report 1 January – 30 June 2025. Dr Martin Edlund, CEO, will present and share key updates from Minesto, followed by a Q&A session.

The webinar will take place online at 10am (CEST) on Thursday 14 August 2025.

The presentation will be held in English.

The webinar will be broadcast through Finwire TV.

Following the session, a recording will be available online.

Welcome! Please register your attendance here: 

Minesto – Half-Year report 2025 – Finwire

The Half-Year Report is scheduled for publication at 08.30 (CEST) on Thursday 14 August, it will be distributed through press release and available at www.minesto.com

For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

This information was brought to you by Cision http://news.cision.com

Invitation to Minesto’s Webinar: Half-Year Report 2025 On Thursday August 14, Minesto, leading ocean energy developer, will publish their Half-Year Report News Powered by Cision

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SOURCE Minesto AB

The recycled plastic market is anticipated to expand at a rapid pace owing to growing awareness regarding ill effects of plastic waste on the environment and rising emphasis on promoting sustainability.

WESTFORD, Mass., Aug 11, 2025 /PRNewswire/ — SkyQuest Technology Consulting published a report, titled, Recycled Plastic Market – Global Opportunity Analysis and Industry Forecast, 2025-2032″, valued at USD 54.3 Billion in 2024. With a projected CAGR of 9.5% from 2025 to 2032, the market is expected to reach USD 124.3 Billion by the end of 2032. Imposition of stringent regulations to control plastic waste disposal and advancements in plastic recycling technologies are expected to bolster the sales of recycled plastic in the future.

Get a Free Sample Report – https://www.skyquestt.com/sample-request/recycled-plastic-market

Recycled Plastic Market Key Growth Drivers

The recycled plastic market is being driven by increasing global awareness of plastic pollution and the enforcement of stringent environmental regulations. Governments and international bodies are mandating plastic recycling targets, banning single-use plastics, and encouraging circular economy initiatives. As environmental compliance becomes essential for brand reputation and regulatory approval, businesses are accelerating the adoption of recycled plastics to meet both legal requirements and consumer expectations.

Packaging, automotive, and consumer goods sectors are rapidly integrating recycled plastic to stay compliant with sustainability trends and regulations. Brands are under increasing pressure to use sustainable materials in response to consumer preferences and corporate social responsibility commitments. Recycled plastics offer a cost-effective and environmentally friendly alternative to virgin resins in applications like bottles, containers, and textiles. Innovations in material quality and processing have improved the appearance and performance of recycled plastics, making them suitable for high-volume, quality-sensitive uses.

Make an Inquiry to Address your Specific Business Needs – https://www.skyquestt.com/speak-with-analyst/recycled-plastic-market

Recent Developments in Recycled Plastic Market

• Ineos Olefins & Polymers Europe launched recycled plastic production at its Lavera site in June 2025 by utilizing pyrolysis oil made from unrecyclable plastic waste. This initiative enables the creation of virgin-quality polyethylene and polypropylene, certified under the ISCC PLUS scheme. By adapting its cracker to process both traditional and recycled feedstocks, Ineos supports EU regulations requiring 10% recycled content in plastic packaging by 2030, advancing circular economy goals and reducing reliance on fossil-based raw materials.
• Birch Biosciences signed a global patent license agreement with NREL in June 2025 to commercialize an enzymatic PET recycling technology. This process breaks down PET plastic into high-value monomers, which can be remanufactured into virgin-quality PET for 100% recycled content products. Integrated into Birch’s AI-powered recycling platform, the technology enables scalable, low-cost, and energy-efficient recycling, supporting circular economy goals and offering a sustainable alternative to traditional mechanical and chemical recycling methods.
• On March 2025, Agilyx and Carlos Monreal launched Plastyx, a joint venture aimed at sourcing 200,000 tonnes of plastic waste feedstock for Europe’s chemical recycling sector by year-end. Agilyx holds a 60% stake, with Monreal’s Circular Resources owning 40%. Plastyx will support the production of recycled, food-grade plastics by ensuring a stable supply of high-quality waste for chemical recycling, reinforcing both partners’ commitment to circular economy solutions and expanding Agilyx’s presence in Europe.

Competitive Landscape

Top recycled plastic manufacturers are focusing on developing novel plastic recycling technologies and products to stand out from the competition. Collaborating with governments and waste management companies is also helping recycling companies to enhance their output and business scope. Targeting countries with high emphasis on sustainability is slated to be a key strategy among recycled plastic companies.

The major players in the recycled plastic industry include,

• BlueAlp
• Mura Technology
• ReCircle
• Plastics For Change
• Oceanworks
• Banyan Nation
• GreenMantra Technologies
• Plastic Energy
• Recykal
• PureCycle Technologies
• Carbios
• MBA Polymers
• KW Plastics
• Suez Recycling
• TerraCycle
• Indorama Ventures
• ALPLA Recycling
• Veolia
• Avangard Innovative
• Jayplas

Secure Your Copy of Recycled Plastic Market Report – https://www.skyquestt.com/buy-now/recycled-plastic-market

Major Challenges in Recycled Plastic Industry

Inconsistency in quality and performance of recycled materials is a key issue that could hamper the sales of recycled plastic. Mechanical recycling can degrade polymer chains, resulting in weaker structural properties and limited applicability in high-performance or food-grade products. Contamination and mixing of plastic types during collection further reduce material quality. These limitations discourage adoption in industries that require strict specifications or aesthetic standards

Absence of a proper recycling infrastructure for plastics especially in emerging economies is a major restraint that impedes the demand for recycled plastic. Inadequate waste management systems result in high levels of plastic being landfilled or leaked into the environment rather than recovered. The absence of modern recycling facilities and trained personnel limits the supply of high-quality recycled feedstock. Additionally, insufficient public awareness and regulatory enforcement reduce participation in recycling initiatives.

Recycled Plastic Market Segmental Analysis

The global recycled plastic market is segmented by product type, source, application, and end user. Based on product type, the market is segmented into polyethylene (PE), (high-density polyethylene (HDPE), low-density polyethylene (LDPE)), polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS) and others. Based on source, the market is segmented into bottles, films, fibers, foams and others. Based on application, the market is segmented into packaging (food & beverage packaging, consumer goods packaging, industrial packaging), building & construction, automotive, electrical & electronics, textiles and others. Based on end user, the market is segmented into manufacturers, retailers, government bodies, recycling companies and others.

• By product type, the polyethylene (PE) segment dominated the global recycled plastic market in 2024 owing to its extensive use in multiple industry verticals such as packaging and automotive.
• By application, the packaging segment dominated the global recycled plastic market in 2024, which can be linked to pressure on packaging companies to make packaging from recycled and sustainable materials.
• By source, the bottles segment dominated the global recycled plastic market in 2024, owing to extensive availability of plastic bottle waste in landfills.

Read Recycled Plastic Market Report Overview – https://www.skyquestt.com/report/recycled-plastic-market

Regional Outlook

• The Asia Pacific region is slated to account for the highest demand for recycled plastic over the coming years. Rapid expansion of the packaging industry, high availability of plastic waste, and government initiatives to promote plastic recycling are helping cement the dominance of this region.
• Europe is estimated to account for the second-largest share of recycled plastic sales in the future. High emphasis on sustainability, adoption of circular economy practices, and investments in recycling infrastructure development are helping create new business scope in this region. Germany, France, Sweden, and the United Kingdom are key countries for recycled plastic vendors in Europe.
• Booming construction industry and high demand for eco-friendly packaging solutions are creating new opportunities for recycled plastic suppliers in North America. Food packaging is slated to be a key application for recycled plastic adoption in the United States and Canada.
• In the LAMEA region, the recycled plastic market is driven by booming e-commerce industry and rising concerns regarding plastic waste in economies of this region. Brazil, Argentina, Saudia Arabia, United Arab Emirates, and Columbia are key markets in this region.

Explore More Insights with Related Market Reports:

• Biodegradable Plastic Market – https://www.skyquestt.com/report/biodegradable-plastic-market
• Medical Plastics Market – https://www.skyquestt.com/report/medical-plastics-market
• Polymer Market – https://www.skyquestt.com/report/polymer-market
• 3D Printing Plastics Market – https://www.skyquestt.com/report/3d-printing-plastics-market
• Thermoplastic Vulcanizates Market – https://www.skyquestt.com/report/thermoplastic-vulcanizates-market
• Plastic Pallets Market – https://www.skyquestt.com/report/plastic-pallets-market
• Antimicrobial Plastics Market – https://www.skyquestt.com/report/antimicrobial-plastics-market

About SkyQuest Technology Consulting

SkyQuest Technology Consulting is a leading Strategy Consulting and Market Research firm, provides syndicated as well as customized research reports and growth consulting services, trusted by CXOs from Fortune 500 Companies, Start-ups, and MSMEs. The company comprises a team of expert research analysts and consultants, adding more than 1200 market research reports in our database each year. These reports offer in-depth analysis on 40+ industries & sub industries across 25 major countries worldwide, serving global clients across diverse industries. The company specializes in delivering customized intelligence, data-driven insights, and strategic advisory services that enable businesses to stay competitive and make informed decisions in rapidly evolving industries.

Contact Us:
SkyQuest Technology Consulting
1 Apache Way, Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

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SOURCE SkyQuest Technology

BEIJING, Aug. 10, 2025 /PRNewswire/ — Power Construction Corporation of China (“POWERCHINA” or “the Company”) is accelerating the global transition to a low-carbon, resilient energy system by constructing clean energy projects aimed at supporting regions affected by drought and extreme heat across Europe and Central Asia. The Company is delivering practical solutions to climate challenges through solar, hydropower, and green hydrogen projects tailored to local drought and energy needs.

In May, POWERCHINA entered into a general contracting agreement with Spain’s Viroque Energy for the Arreaz Photovoltaic Power Station in San Roque, Cádiz. The project, with an installed capacity of 44 megawatts, includes design, procurement, construction, commissioning, and operation and maintenance. Once completed, it is expected to supply about 95,000 megawatt-hours of clean electricity annually, supporting local low-carbon energy development. POWERCHINA is actively advancing the global energy transition.

Another POWERCHINA-constructed solution to global climate pressures, the Ulog Hydropower Plant in Bosnia and Herzegovina, was officially completed and handed over for operation recently, marking the project’s entry into full commercial operation. With an installed capacity of 35.14 megawatts, this hydropower station is designed to meet both power generation and ecological water supply needs, the project is equipped with a concrete double-curvature arch dam, an ecological flow power station, a right-bank water diversion tunnel, and a water diversion and power generation system. Upon full completion, the project will significantly enhance local power supply reliability, support Bosnia and Herzegovina’s energy structure optimization, concurrently improve regional ecological conditions, and further amplify POWERCHINA’s global influence.

Further east, Central Asia’s first industrial-scale green hydrogen project in the region – also marking POWERCHINA’s maiden international green hydrogen venture – has commenced trial operations in Tashkent, Uzbekistan, with successful production of high-purity hydrogen. This landmark project represents a crucial component of Uzbekistan’s Green Energy Strategy. The core hydrogen production facility is located at the MAXAM Chemical Plant in Tashkent, the capital of Uzbekistan. It adopts ALK electrolysis technology, equipped with 4×1,000 Nm³/h electrolyzer systems, total capacity is 20 MW. The facility can produce 3,150 tons of green hydrogen annually, reducing approximately 30,000 tons of carbon dioxide emissions per year compared to the previous gray hydrogen production mode. The project represents a key milestone in advancing green, low-carbon energy transformation across Central Asia and beyond.

Speaking about the green hydrogen initiative, Mohammad Abunayyan, Chairman of ACWA Power, commented that the successful launch of the project marks a significant milestone for the industry. He praised the project’s progress, highlighting its demonstration of international cooperation and the shared commitment to advancing clean energy. By overcoming numerous challenges, the project also provides valuable experience for the global development of green hydrogen.

As the world confronts unprecedented environmental challenges, POWERCHINA remains committed to helping accelerate the global transition to clean energy with tangible, scalable results.

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SOURCE POWERCHINA

WARREN, Ohio, Aug. 8, 2025 /PRNewswire/ — Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the second quarter of 2025.

Net operating revenues in the second quarter of 2025 were $20.3 million compared with $23.1 million in the second quarter of 2024. The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of $0.3 million in the second quarter of 2025 compared with net income attributable to Avalon Holdings Corporation common shareholders of $1.0 million in the second quarter of 2024. For the second quarter of 2025, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.07 compared with basic net income per share attributable to Avalon Holdings Corporation common shareholders of $0.24 in the second quarter of 2024.

For the first six months of 2025, net operating revenues were $36.3 million compared with $41.9 million for the first six months of 2024. The Company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of approximately $1.2 million in the first six months of 2025 compared with net loss attributable to Avalon Holdings Corporation common shareholders of $25,000 in the first six months of 2024. For the first six months of 2025, basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.31 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.01 in the first six months of 2024.

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets, captive landfill management services and salt water injection well operations. Avalon Holdings Corporation also owns Avalon Resorts and Clubs Inc., which includes the operation of a hotel and its associated resort amenities, four golf courses and related country clubs and a multipurpose recreation center.

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SOURCE Avalon Holdings Corporation