OKLAHOMA CITY, May 29, 2025 /PRNewswire/ — APMEX, a leading national precious metals retailer, proudly supported the Regional Food Bank’s mission of ending hunger through its annual Fun Week celebration, held May 5–9. The week brought together employees for spirited activities that combined fun with philanthropy, driving meaningful support for the local community.

Throughout the week, APMEX hosted engaging in-office events to raise funds and awareness, including raffles, food sales, a basketball shootout, dunk tank, video game competitions, a cornhole tournament, and more. These events encouraged team camaraderie and a shared commitment to giving back.

Thanks to the generosity and enthusiasm of its team, APMEX raised $54,000 to benefit the Regional Food Bank of Oklahoma.

The week of giving culminated in hands-on volunteerism as numerous APMEX employees participated in the Stamp Out Hunger food drive on Saturday, May 10. This annual event, organized by the National Association of Letter Carriers, is the largest single-day food drive in the country. APMEX team members volunteered at local post offices, helping to sort and process food donations.

In total, APMEX volunteers helped sort approximately 39,960 pounds of food, providing an estimated 33,300 meals to Oklahoma families facing food insecurity.

“Every year, I’m inspired by the passion our team brings to Fun Week—not just in having fun, but in showing up for our community. Raising $54,000 and helping provide over 33,000 meals is a testament to what we can achieve together.” said Ken Lewis, CEO of APMEX.

APMEX is honored to continue supporting the Regional Food Bank of Oklahoma and encourages other local businesses to join the effort to fight hunger year-round.

About APMEX

APMEX LLC, part of Bullion International Group, is one of the nation’s largest online retailers of precious metals. It offers a wide selection of gold, silver, platinum, and palladium products to customers worldwide. Headquartered in Oklahoma City, APMEX is committed to excellence in business and community engagement.

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SOURCE Bullion International Group

HOUSTON, May 30, 2025 /PRNewswire/ — Surge Energy US Holdings Company (“Surge Energy” or the “Company”) today announced the Company celebrated its tenth anniversary of the Company’s founding. Surge Energy was founded in May 2015 and has made a meaningful impact to the energy industry, the Texas economy, and the local community. 

Since its inception, the Company has contributed over $11 billion to the Texas economy, including cumulative oil and gas revenues, royalty and working interest payments, and production taxes. Surge Energy has also made a meaningful impact on jobs in Texas. Surge employs approximately 1,000 Texans directly and indirectly through service providers, partners, and vendors.

In total, the Company has produced over 200 million gross operated barrels of oil equivalent which was accomplished through continuous growth due to substantial capital investment of over $6 billion including acquisitions and ongoing development activities.

Additionally, the Company has been a pioneer in freshwater conservation. Beginning in 2017, the Company has been recycling produced water for completion operations which conserves freshwater and reduces operating expenses. Since the commissioning of the Company’s fourth recycle facility in July 2022, 100% of completions in the Company’s core Moss Creek acreage position have utilized recycled produced water. In total, the Company has conserved over 6.8 billion gallons of freshwater. 

The Company has also eliminated substantial emissions through operational excellence, innovation, and investments in emissions-eliminating infrastructure. This includes water infrastructure which eliminates water hauling truck trips, electrical infrastructure which connects wells to grid power and eliminates the need for generators, and the use of dual fuel completion equipment which reduces the use of diesel fuel by substituting compressed natural gas (CNG). In total, the Company has eliminated 418 thousand metric tons of CO2e.

“I am proud of the substantial impact Surge has made on the state of Texas and the energy industry in our brief history,” stated Chief Executive Officer Linhua Guan. “These impacts and accomplishments were driven by the hardworking people of Surge and we remain committed to continuing the growth of Surge in a responsible manner.”

About Surge Energy

Surge Energy is an independent oil and natural gas company focused on the development, exploitation, production and acquisition of oil and natural gas reserves in the Midland Basin of West Texas, one of three primary sub-basins of the Permian Basin. The Company is headquartered in Houston, Texas, and currently holds approximately 173,000 net acres in the Permian Basin as of March 31, 2025. For more information, visit our website at www.SurgeEnergyA.com.

Contact Information

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400

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SOURCE Surge Energy

WICHITA, Kan., May 30, 2025 /PRNewswire/ — Botanica, The Wichita Gardens, is taking an unprecedented leap toward sustainable gardening and environmental responsibility with the launch of its Reclaimed Water Project, a first-of-its-kind initiative in Wichita to reduce reliance on municipal drinking water while preserving 20 acres of iconic display gardens.

Botanica Launches Unprecedented Reclaimed Water Project to Conserve Millions of Gallons Amid Drought

With Kansas experiencing ongoing drought conditions and rising water rates, Botanica has designed a temporary water storage and irrigation system that will utilize reclaimed, non-potable water from the new Wichita Water Treatment Plant’s testing process. The reclaimed water—safe for garden use but not for drinking—will be stored and distributed through a 100-day high-capacity irrigation support system.

“This project is more than just an upgrade—it’s a smart, sustainable solution to unpredictable weather and increasing demand on city water,” said Dr. Lynette Zimmerman, Executive Director of Botanica. “It demonstrates that cultural institutions like ours can lead the way in responsible resource use.”

Key Benefits of the Reclaimed Water Project:

  • Preserves over 3 million gallons of non-potable water over a 100-day period.
  • Reduces strain on city water supplies during peak summer months.
  • Saves over $28,000 compared to traditional water costs.
  • Demonstrates leadership in environmental sustainability and drought resilience.

Thanks to the City of Wichita, community members, and groups such as Wichita Clean Streams for stepping forward to support the initiative. Botanica looks forward to sharing more innovative community projects soon.

The Wichita Gardens is open year-round with new surprises each season. With ever-changing scenery, educational classes for young and old, and special events to entertain and amuse, Botanica has a lot to offer!

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SOURCE Botanica, The Wichita Gardens

Partnership with Feeding America® Brings Fresh Produce to Local Communities Nationwide

ATLANTA, May 30, 2025 /PRNewswire/ — Just months after announcing a partnership with Feeding America®, Cox Farms, a Cox Enterprises company and the largest greenhouse operator in North America, has donated over 1 million pounds of fresh, greenhouse-grown produce to families facing hunger. This milestone underscores the power of indoor agriculture to deliver nutritious, year-round food access at scale.

The partnership with Feeding America emphasizes donations of high-quality, perishable produce – including lettuce, tomatoes, cucumbers, strawberries, and peppers – that delivers vital daily nutrition to families facing food insecurity. Each delivery provides nourishment that supports long-term health and well-being.

“From the beginning of this partnership, our goal has been to deliver healthy fruits and vegetables that bring real nourishment to the table. Because this isn’t just about feeding people. It’s about helping them thrive,” said Steve Bradley, president of Cox Farms. “We’re proud of the momentum we’ve built with Feeding America, and we’re just getting started.”

Growing a Better Future with Indoor Agriculture

The collaboration, first announced in January 2025, builds on Feeding America’s deep national reach and Cox Farms’ ability to grow produce year-round using innovative, sustainable greenhouse practices. Cox Farms has committed to supply 3 million pounds of annual produce donations to the organization through local food banks.

With over 700 acres of greenhouse space and an annual harvest of more than 450 million pounds, Cox Farms is uniquely positioned to supply consistent, high-quality produce to the Feeding America network of more than 200 food banks and 60,000 partner organizations.

“Everyone needs nutritious food to thrive, and in every community in America, people are working hard to provide for themselves and their families. Yet 47.4 million people—1 in 7 people—experience food insecurity in the U.S. ” said Dru Montri, Vice President of Agri Food Engagement at Feeding America. “Together with Cox Farms, we are committed to working alongside people facing hunger to make sure everyone has nutritious food for health and wellbeing.”

About Cox Farms
Cox Farms is redefining farming and setting the global standard in growing a safe, secure and responsible food supply capable of feeding a growing population, regardless of calendar or climate. Through our multinational network of indoor farms and consumer brands, including BrightFarms and Mucci Farms, the business is the largest greenhouse operator in North America with anticipated revenues approaching $1 billion and a workforce comprising over 2,500 dedicated employees. Cox Farms is future-proofing the world of produce with clean, flavorful products serving the biggest names in retail and food service. Owned by Cox Enterprises, a private, family-owned business, Cox Farms represents the company’s commitment to improving the planet and elevating human health. Learn more at CoxFarms.com

About Feeding America
Feeding America is committed to an America where no one is hungry. We support tens of millions of people who experience food insecurity to get the food and resources they say they need to thrive as part of a nationwide network of food banks, statewide food bank associations, food pantries and meal programs. We also invest in innovative solutions to increase equitable access to nutritious food, advocate for legislation that improves food security and work to address factors that impact food security, such as health, cost of living and employment. We partner with people experiencing food insecurity, policymakers, organizations and supporters, united with them in a movement to end hunger. Visit FeedingAmerica.org to learn more.

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SOURCE Cox Enterprises

PHILADELPHIA, May 30, 2025 /PRNewswire/ — Rita’s Italian Ice & Frozen Custard, the world’s largest Italian Ice brand, is turning up the flavor this summer with the debut of the new Limeade Frozen Lemonade Ice Blender —and continuing its long-standing commitment to supporting families affected by childhood cancer through its partnership with Alex’s Lemonade Stand Foundation.

Available for a limited time, Rita’s new Limeade Frozen Lemonade joins the Frozen Lemonade Ice Blenders lineup alongside fan favorites Classic Lemon and Strawberry. These frozen, sippable treats are the ultimate way to beat the heat, offering guests a cool, fruity way to refresh all season long.

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As part of its continued partnership with Alex’s Lemonade Stand Foundation (ALSF), Rita’s is giving guests a refreshing way to make a difference. From Monday, May 19 through Sunday, June 29, for every Frozen Lemonade Ice Blender sold, Rita’s will donate $1 to ALSF, up to $10,000, to help fund the travel needs of families who are fighting cancer. ALSF is an organization with a mission to change the lives of children with cancer through funding impactful research, raising awareness, supporting families, and empowering everyone to help cure childhood cancer. Guests can also show their support by making a $1 donation in-shop, earning a spot on Rita’s Wall of Hope, a symbol of community solidarity and support for the cause. Donations can also be made online at https://www.alexslemonade.org/2025/2025-ritas-campaign.

Since 2006, Rita’s has raised over $5.8 million to support Alex’s Lemonade Stand Foundation through its in-store fundraisers, demonstrating its dedication to positively impacting the communities it serves.

“Our Frozen Lemonades are a go-to for guests looking to beat the heat, and this year’s new Limeade flavor adds a bright, citrusy twist,” said Carmela Hughley, Senior Vice President of Marketing Insights and Innovation at Rita’s Italian Ice & Frozen Custard. “We’re also honored to continue our partnership with Alex’s Lemonade Stand Foundation to support kids and families affected by childhood cancer. It’s a cause that’s close to our hearts and to the communities we serve.”

“We are delighted that Rita’s chose to partner with us again this lemonade season! Their dedicated shops and customers are among our longest standing partners and truly care about helping kids with cancer,” said Liz Scott, Alex’s mom and Co-Executive Director at Alex’s Lemonade Stand Foundation. “We are grateful for their continued partnership in helping end childhood cancer.”

Looking for more sweetness? Download the Rita’s Ice app to start earning rewards on your purchases. New members can enjoy a free small Ice, Custard, or Gelati after their first purchase just for signing up. Those who aren’t Rita’s loyalty members yet can download the Rita’s Ice app from the Apple or Google Play stores, or by visiting ritasice.com/app/. Join now to receive free treats, birthday rewards, exclusive app offers and more!

Rita’s signature Italian Ice is made fresh daily on-site and available in a rotating daily selection from over 80 flavors. Other menu items at Rita’s include creamy Frozen Custard, signature Gelati, Concretes, Frozen Coffee, Rita’s Blenders™, Milkshakes and more. For more information about Rita’s Italian Ice & Frozen Custard and to find your closest location, please visit http://www.ritasice.com/.

About Rita’s Italian Ice & Frozen Custard:
Rita’s Italian Ice & Frozen Custard opened its doors in Bensalem, Pa. in 1984, and has been dedicated to spreading “Ice, Custard, Happiness!” ever since. Now, Rita’s is the largest Italian Ice concept in the world with over 575 shops. Guests around the world visit Rita’s to celebrate their everyday moments with freshly made cool treats in a fun-filled atmosphere. Known for its famous Italian Ice, made daily featuring real fruit, and signature Frozen Custard, Rita’s serves a taste of happiness with each delicious treat. For more information about Rita’s Italian Ice, please call 1-800-677-7482 or visit http://www.ritasice.com/.

Media Contact:
Carly Hutter
For Rita’s Italian Ice & Frozen Custard
610-908-6150
ch@alliancemarketingpartners.com       

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SOURCE Rita’s Italian Ice & Frozen Custard

CALGARY, AB, May 30, 2025 /PRNewswire/ – Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (“Northstar” or the “Company“) is pleased to announce our financial and operating results for the three-month period ended March 31, 2025.  Selected financial and operational information is set out below and should be read in conjunction with the Company’s March 31, 2025 Condensed Interim Financial Statements and the related Management’s Discussion and Analysis, which are available for review at www.sedarplus.ca or the Company’s website at www.northstarcleantech.com.

First Quarter 2025 Financial and Operational Highlights

The first quarter of 2025 witnessed a number of significant developments and achievements, together with a few key funding achievements subsequent to the quarter-end, namely:

  • Operational
    • The Company successfully completed construction efforts of the Empower Calgary Facility; and
    • Following the successful completion of construction, the Company began the important task of commissioning the Empower Calgary Facility. The Company’s asphalt shingle reprocessing facilities are broadly broken into two main phases: (1) feedstock preparation and mechanical separation of aggregate, and (2) hydrocarbon treatment and processing. The Company successfully completed all commissioning efforts of the first phase and now continues to commission the second phase. Once those efforts are completed, the Empower Calgary Facility will be turned over to operations, currently scheduled for mid-year 2025.
  • Plant Expansions – significant steps continued towards expansion efforts of the Company’s business model, including:
    • Empower Hamilton Facility – the Company executed a letter of intent with YORK1 Environmental Waste Solutions Ltd. to supply up to 10,000 tonnes of waste roofing shingles with an understanding to increase supply volumes through time. Execution of supply agreements represents a critical step in establishing a working facility. This first supply agreement followed closely on the announcement in late 2024 of the Company signing a letter of intent with the Great Lakes Port Management Inc., a subsidiary of the Hamilton-Oshawa Port Authority, for a long-term lease for an industrial zoned property located in Hamilton, Ontario as the site for the Company’s planned facility in southwestern Ontario;
    • US Expansion – the Company continues to expend time and energy in the selection of a suitable site for our inaugural reprocessing facility in the United States. As has been previously communicated by the Company, selection criteria have focused on areas that represent an operational fit with the Company’s strategic financial partner, TAMKO Building Products Inc.; and
    • Empower Delta Facility – during the quarter, the Company successfully secured a fifteen-year lease at its existing Delta, British Columbia location. This paves the way to retro-fit the existing pilot facility at this location to a full-scale commercial facility. The site currently holds all necessary regulatory approvals and permits for light industrial operations, offering a future expansion opportunity with reduced timelines and costs associated with permitting and site development.
  • Liquidity – commensurate with execution of the business plan, the Company successfully received proceeds under previously negotiated funding agreements, consisting of:
    • $3.9 million from Emissions Reduction Alberta, subsequent to the quarter-end, upon completion of Milestone 2, which includes among other items, all major processing units installed and electrified and substantial completion as defined in the Builder’s Lien Act;
    • $617 thousand final draw subsequent to the quarter-end under the Business Development Bank $8.75 million non-revolving senior secured project loan facility; and
    • $248 thousand received during the quarter from the exercise of existing stock options and warrants. Year-to-date, the Company has received $392 thousand from the exercise of stock options and warrants. Outstanding common shares as of May 29, 2025 totaled 137,051,985.

 Financial Results

(CAD$, except per share amounts and common shares outstanding)

 Three Months Ended Mar. 31 

FINANCIAL RESULTS

2025

2024

Loss and comprehensive loss

2,949,917

1,581,578

Per share – basic and diluted

0.02

0.01

Net cash flow used in operating activities 

2,338,652

1,201,168

Per share – basic and diluted

0.02

0.01

Capital expenditures

Capital expenditures

4,080,489

1,848,278

Liquidity & Capitalization

Working capital (deficit) surplus 

(426,551)

3,440,770

   7.95% senior secured non-revolving loan (1)

8,132,302

Convertible debentures – principal amount (2)

9,505,000

5,700,000

Royalty debenture (3)

14,773,500

 Common shares outstanding

Weighted average – basic and diluted

132,942,452

126,710,381

Outstanding, end of period

134,306,216

126,710,381

(1) As at March 31, 2025, the Company had drawn $8,132,302 from the BDC Financing, with $617,698 remaining undrawn.   See Note 7 in the Company’s Condensed Interim Consolidated Financial Statements as at March 31, 2025.

(2) Since December 2022, the Company has entered into various financing arrangements through the issuance of convertible debentures in tranches, raising a total of $10,405,000 at interest rates varying between 10% and 12.5%. As at March 31, 2025, principal amounts totalling $9,505,000 remain outstanding, reflecting $900,000 of proceeds received in exchange for conversion into common shares.  See Note 8 in the Company’s Condensed Interim Consolidated Financial Statements as at March 31, 2025.

(3) On September 13, 2024 the Company completed an agreement with CVW CleanTech Inc. (“CVW”) pursuant to which CVW provided the Company with $14,000,000 in funding through a five-year 10.0% second secured convertible debenture (the “Royalty Debenture”) convertible into revenue royalties on two future facilities.  Balance includes the increase in fair value since inception.  See Note 9 in the Company’s Condensed Interim Consolidated Financial Statements as at March 31, 2025.

About Northstar

Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar’s mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/

For further information about Northstar, please visit www.northstarcleantech.com.

On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director

Cautionary Statement on Forward-Looking Information 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company’s current expectations regarding future events. Forward-looking statements are often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “aim”, “objective” or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar’s plans to reprocess used shingles into their component parts in the inaugural commercial facility in Calgary; (ii)  operations to commence mid-year 2025; (iii) the ability of the Company to expand into other regions, namely Hamilton, Ontario and the United States; and  (iv) Northstar’s ability to become a leader in the recovery and reprocessing of asphalt shingles in North America. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including: risks related to factors beyond the control of the Company; inability of the Company to execute on its business plans; the Company may require additional financing which may not be obtainable or on favourable terms; economic uncertainty; and the risks and uncertainties which are more fully described under the heading “Risk Factors” in the Company’s annual and quarterly management’s discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company’s profile on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, expected or aimed. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

DELRAY BEACH, Fla., May 30, 2025 /PRNewswire/ — The report ‘Dry Transformer Insulation Market by Type (Coatings (Electrical Insulation, Fire-Resistance & Thermal Protection, Moisture & Environmental Protection), Solid Insulators (Electrical Insulation, Bushings & Terminals, Other)), Component (Winding, Core, Enclosure, Bushing, Spacers & Supporters), and Region – Global Forecast to 2030′, is projected to reach USD 1.21 billion by 2030 from USD 0.93 billion in 2025, at a CAGR of 5.5% during the forecast period.

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The growth of the dry transformer insulation market is primarily driven by a high emphasis on safety, sustainability, and technological advancements. The increasing demand for enhanced safety and eco-friendly solutions in power distribution systems serves as a significant catalyst for market expansion. Unlike traditional oil-filled transformers, dry-type transformers employ solid insulation materials, effectively mitigating risks associated with oil leaks and eliminating fire hazards inherent to oil-based units. This characteristic makes them particularly suitable for installations in buildings and urban environments where safety and occupant accessibility are critical.

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Moreover, stringent environmental regulations and rising energy efficiency demands compel power utilities and various industries to transition to cleaner technologies. Dry transformer insulation, which utilizes non-toxic and recyclable materials, reduces overall carbon emissions while supporting green building certifications and sustainability initiatives. The growing adoption of automatic distribution systems, such as smart grids, along with the integration of renewable energy sources, necessitates reliable, low-maintenance, and performance-driven transformers that align with dry insulation technology. Furthermore, the expansion of urban populations and infrastructure development in emerging economies is driving new installations across utilities, real estate, healthcare, and data center sectors, where safety and operational efficiency—both in terms of space and performance—are of utmost importance. As advancements continue to enhance the thermal and mechanical properties of dry insulation systems, their appeal as a viable alternative in the energy sector is poised to increase.

Solid insulation segment to hold largest share of dry transformer insulation market during forecast period

Solid insulation is expected to hold the largest share of the dry transformer insulation market, attributed to its superior performance and safety advantages. Materials such as epoxy resin and polyester exhibit exceptional dielectric strength, thermal stability, and moisture resistance, making solid insulation highly suitable for urban and industrial dry-type applications. Unlike liquid insulation, solid insulation eliminates leakage risks and mitigates fire hazards and environmental contamination, enabling manufacturers to comply with stringent regulations while adhering to sustainability standards.

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Furthermore, solid insulation enhances the longevity of transformers by minimizing maintenance requirements and operational costs. The growing demand for safe, reliable, and energy-efficient power distribution systems, particularly in high-density areas and in conjunction with renewable energy sources, underscores the significance of solid insulation. The adaptability of solid insulation facilitates compact designs that can be seamlessly integrated into the limited spaces typical of commercial buildings and data centers. Advances in insulation technology, alongside a balance of manufacturing costs and durability—especially in the Asia Pacific region—have solidified the solid insulation segment’s dominance in the dry transformer insulation market.

Windings segment to hold largest share of dry transformer insulation market during forecast period

The winding segment is expected to hold the largest market share due to its critical role in transformer functionality. The insulation of windings necessitates the use of specialized materials. Dry transformers employ solid-state insulation solutions, including epoxy resin, fiberglass, and mica, to encase the windings, facilitating electrical separation and heat dissipation without relying on liquid cooling methods. The production of solid and composite materials is generally capital-intensive, attributed to their fire-resistant and environmentally friendly characteristics and the intricate manufacturing processes involved, such as vacuum pressure impregnation and cast resin encapsulation, which significantly enhance durability and safety. The rising demand for energy-efficient and environmentally sustainable transformers—driven by trends such as urbanization, industrialization, and the integration of renewable energy sources—further fuels the need for specialized insulation for windings. These components must endure high voltage conditions and exceptional operational environments, requiring the use of premium, high-cost materials such as coated copper or aluminum conductors. This necessity escalates the overall expenditure and amplifies the market share associated with windings.

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Europe to be second-largest market for dry transformer insulation during forecast period

Europe commands the second-largest share of the dry transformer insulation market for several key reasons. Firstly, the region is characterized by robust regulations and a comprehensive decarbonization strategy that emphasizes sustainability and energy efficiency. The European Union (EU) is increasingly implementing policies designed to address environmental challenges and facilitate decarbonization across its member states. This regulatory landscape is driving significant investments and productivity enhancements that align with these sustainability goals.

Dry-type transformers, which utilize solid insulation instead of oil, are well-aligned with these objectives due to their reduced environmental hazards, greater safety, and minimal maintenance requirements. The urgency to modernize aging power infrastructure within Europe necessitates substantial immediate investments to upgrade or replace outdated systems. This modernization is essential for effectively integrating the renewable energy funding required in this transition. Consequently, the development of efficient, safe, and compact transformer solutions is critical.

Additionally, Europe represents one of the most advantageous markets globally for firms with a mature industrial base focused on tangible results. The robust growth of dry-type transformer manufacturers can be attributed to their capacity for innovation and the enhancement of existing engineering capabilities related to materials and insulation. The transformation of energy infrastructure is imperative to accommodate urbanization, resulting in heightened demand for advanced systems, particularly in countries like Germany, France, and the UK that are progressing towards smart grid solutions. Furthermore, the emphasis on minimizing fire risks associated with environmental safety significantly enhances the attractiveness of dry transformers in comparison to traditional oil-filled models.

Key players

The dry transformer insulation market report comprises key manufacturers including 3M (US), The Sherwin-Williams Company (US), PPG Industries, Inc. (US), DuPont (US), WEG (Brazil), Huntsman International LLC (US), ALTANA AG (Germany), Krempel GmbH (Germany), PUCARO Electrical Insulation GmbH (Germany), and Kansai Altan (Turkey).

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SOURCE MarketsandMarkets

SHENZHEN, China, May 30, 2025 /PRNewswire/ — Elegoo, a rapidly developing brand in global smart manufacturing, has expanded its corporate social responsibility (CSR) programs with the launch of ELEGOO Empowers, a new initiative promoting social inclusion, STEM education, and equal opportunity through 3D printing technology. The launch marks a key milestone as the company celebrates its 10th anniversary.

Students exploring Elegoo’s Neptune series 3D printer during a workshop. Photo courtesy of Alconbury CofE Primary School.

This initiative builds on and unifies Elegoo’s ongoing CSR efforts under a stronger, more cohesive framework, including three key programs:

ELEGOO Gives A Hand: Harnessing 3D printing to deliver practical, reliable solutions for people and animals in need, while inspiring creativity and joy among users worldwide. From prosthetics to harnesses and assistive devices, Elegoo develops these in collaboration with partners like 3D Pets. More heartwarming projects are on the way.

ELEGOO With Her: Encouraging more women to develop their 3D printing skills through hands-on workshops and a supportive community. As the first 3D printer manufacturer to take meaningful steps toward addressing the gender gap, Elegoo is creating a more inclusive space where women can learn, connect, and build projects that expand the possibilities of 3D printing and create real-world impact. Projects by current participants will be showcased this June.

ELEGOO In Action: Promoting STEM education by providing 3D printers, supporting learning initiatives, and offering hands-on resources to schools, libraries, and student clubs worldwide, helping young creators explore robotics, model car building, and other real-world applications. Since last year, Elegoo has partnered with over 120 schools and student teams around the world.

“With ELEGOO Empowers, we’re taking that spirit beyond the desktop to help build a more inclusive and connected world,” said Chris Hong, Founder and CEO of Elegoo. “Inspired by the voices of our users, we will continue on this path and warmly invite more partners to join us in making this technology more meaningful and accessible.”

As 3D printing continues to evolve, Elegoo has spent the past 10 years leveraging the technology to empower users around the world. Many have shared their “ELEGOO moments” of giving back and helping others. Looking ahead, Elegoo is committed to making 3D printing more accessible and advancing its ESG efforts to create a more sustainable and inclusive future.

About Elegoo

Founded in 2015, Elegoo is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 90 countries and regions. In 2024, the company’s total sales revenue surpassed 200 million USD, with more than 800 employees and nearly 30,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, Elegoo provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

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SOURCE ELEGOO

CHONGQING, China and KUALA LUMPUR, Malaysia, May 30, 2025 /PRNewswire/ — On May 27, the ASEAN-China-GCC Economic Forum officially opened in Kuala Lumpur, aiming to create development opportunities and shared prosperity by strengthening cooperation in economy, trade, investment, and other fields. SERES, as a representative of China’s new energy vehicle (NEV) enterprises, was invited to attend the forum.

Malaysia’s Deputy Prime Minister I Dr. Ahmad Zahid bin Hamidi meets with Chairman and President of SERES Group John Zhang

John Zhang, Chairman and President of SERES Group stated that with the brand slogan of “Intelligence Redefining Luxury,” SERES focuses on the high-end luxury vehicle market, exploring a development path for Chinese automakers. For the markets of ASEAN and GCC member countries participating in the forum, SERES will accelerate the localized development and certification of relevant models, especially the high-end AITO series, to swiftly introduce them into target markets and achieve full coverage in the future.

SERES’ vehicle export business began in 2005. After years of development, the company has exported over 550,000 vehicles cumulatively to more than 70 countries and regions, including Germany, France, the UK, and Italy. In 2018, SERES established and put into operation a highly automated manufacturing plant in Indonesia integrating four major processes – stamping, welding, painting, and assembly, which became the first pure electric vehicle manufacturer in Indonesia. With a foothold in Indonesia, SERES is expanding its reach across ASEAN and continuously growing its presence in the Southeast Asian market.

By attending the ASEAN-China-GCC Economic Forum, SERES is expected to further strengthen exchanges and cooperation with ASEAN and GCC member countries, accelerating the materialization of its overseas market expansion.

John Zhang interviewed by Fortune during the forum

During the interview, John Zhang introduced that SERES was founded in 1986 and has undergone three entrepreneurial phases—transitioning from auto parts to complete vehicles, and now to intelligent electric vehicles—achieving leapfrog development each time. Now, AITO brand is redefining luxury with intelligence and pioneering a “New Luxury” concept combining Traditional Luxury and Technological Luxury. With leading product strength, AITO has won recognition from more than 600,000 users, establishing itself as the benchmark of “New Luxury” in China.

As a technology-driven company, SERES is committed to innovations of core technologies in electrification and intelligence, having developed the SERES MF Platform, SERES Super Range Extender, SERES Intelligent Safety, and SERES Super Factory, building a robust technological moat.

In the face of the opportunities and challenges brought by global economic integration, SERES will embrace a more open and inclusive mindset, working together with partners from all sectors to jointly write a new chapter in the development of China’s new energy vehicle industry.

About SERES

Founded in 1986, SERES is a leading technology company specializing in new energy vehicles (NEVs). With a workforce of approximate 20,000 employees, SERES is publicly listed on the A-share market and ranks among the Fortune China 500. The company is dedicated to the research and development, manufacturing, sales and services of new energy vehicles and their core NEV components.

The name SERES is inspired by the Greek word for “the land of silk”, evoking the luxuries of heritage of the East. SERES offers two NEV brands for overseas markets: AITO and DFSK. These brands provide a diverse range of products tailored to different market segments, with AITO focusing primarily on the high-end luxury segment. To date, SERES has exported over 550,000 vehicles to more than 70 countries and regions, including Germany, France, the United Kingdom, Italy, and many more countries.

 

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SOURCE SERES

CINCINNATI, May 29, 2025 /PRNewswire/ — Faizan Zaki, (FAY-zahn ZAH-kee) a 13-year-old speller from Allen, Texas, is the champion of the 2025 Scripps National Spelling Bee.

Zaki earned the prestigious title in round 21 when he correctly spelled “éclaircissement,” which is defined as “the clearing up of something obscure: enlightenment.”

Adam Symson, president and CEO of The E.W. Scripps Company (NASDAQ: SSP), presented the championship trophy moments before ION signed off from the 97th Scripps National Spelling Bee.

Watch the winning moment.

“Faizan exemplified the determination that defines a champion,” said Symson. His unwavering focus and preparation led to a well-earned victory tonight on the Bee’s largest stage.

“In this landmark 100th year of the Scripps National Spelling Bee, Scripps is honored to celebrate Faizan’s extraordinary achievement as well as the spellers throughout the Bee’s history who continue to inspire millions. Their stories remind us of the shared joy in cheering for their success, reinforcing the Bee’s legacy as a beloved tradition that, for a century, has championed connection, resilience and the limitless potential of young minds.”

This was Zaki’s fourth time participating in the Scripps National Spelling Bee. A 7th grader at C.M. Rice Middle School, he finished second in 2024 in a spell-off to Bruhat Soma. Zaki is only the fifth speller in Bee history to win after coming in second place the year before. He tied for 21st place in 2023 and 370th place in 2019. He was sponsored by the Dallas Sports Commission.

He receives:

  • From Scripps: a $50,000 cash prize, commemorative medal and the Scripps Cup, the official championship trophy of the Scripps National Spelling Bee;
  • From Merriam-Webster: a $2,500 cash prize and reference library from the Bee’s dictionary partner;
  • From Encyclopædia Britannica: $400 of reference works, including a 1768 Encyclopædia Britannica Replica Set and a three-year membership to Britannica Online Premium;
  • From Scholastic: $1,000 Scholastic Dollars to be donated to the school of the champion’s choice in their honor;
  • From News-O-Matic: A five-year subscription to News-O-Matic’s K-8 news platform awarded to the champion’s school. 

Sarvadnya Kadam of Visalia, California, representing Tulare County Office of Education, placed second in the competition and will receive $25,000.

Sarv Dharavane of Dunwoody, Georgia, representing Georgia Association of Educators, will receive $15,000.

The 97th Scripps National Spelling Bee took place at the Gaylord National Resort & Convention Center in National Harbor, Maryland. Competition began Tuesday with 242 spellers. Round-by-round results are available at spellingbee.com.

Photos from the 2025 Scripps National Spelling Bee are available on the Scripps National Spelling Bee’s official Flickr page at flickr.com/scrippsbee/.

Watch the finals again tonight on Scripps News
The finals aired exclusively on Scripps Networks, which includes popular entertainment networks ION, Bounce, Grit, ION Mystery and Laff, as well as its free, ad-supported streaming channels ION Plus, Bounce XL, Grit Xtra and Laff More. An encore of the finals will be available on Scripps News tonight from 11 p.m. ET to 1 a.m. The Scripps Networks can be found free over-the-air as well as on cable, satellite and streaming platforms.

Media contact: Becca McCarter, 513-410-2425, Rebecca.Mccarter@scripps.com

About the Scripps National Spelling Bee:
The Scripps National Spelling Bee is the nation’s largest and longest-running educational program, having launched in 1925. By inspiring the exploration of words, the Scripps National Spelling Bee illuminates pathways to lifelong curiosity, celebrates academic achievement and enriches communities. Visit spellingbee.com for more information about the Scripps National Spelling Bee, which is administered on a not-for-profit basis by The E.W. Scripps Company (NASDAQ: SSP).

About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating connection. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of more than 60 stations in 40+ markets. Scripps reaches households across the U.S. with national news outlets Scripps News and Court TV and popular entertainment brands ION, Bounce, Grit, ION Mystery, ION Plus and Laff. Scripps is the nation’s largest holder of broadcast spectrum. Its Scripps Sports division serves professional and college sports leagues, conferences and teams with local market depth and national broadcast reach of up to 100% of TV households. Founded in 1878, Scripps is the steward of the Scripps National Spelling Bee, and its longtime motto is: “Give light and the people will find their own way.”

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SOURCE The E.W. Scripps Company

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