Tag: PR Newswire

The certification process was led by a team of environmental studies majors.

SALEM, Va., May 10, 2025 /PRNewswire/ — Roanoke College is proud to announce that it’s been certified as a Bee Campus USA site, recognizing its commitment to pollinator-friendly practices that support vital environmental needs. 

Roanoke is the 200th college or university nationwide to join the Bee Campus USA movement. Its certification process was spearheaded by students majoring in environmental studies who were inspired to turn what they were learning into tangible action right here on campus. 

“We wanted to show how even small changes can be part of a big impact,” said James Hartmann ’25, one of five students who proposed the project as part of their senor practicum, a course that challenged them to tackle a real-world issue. 

Bee Campus USA is a national program designed to marshal the strengths of higher ed campuses to create better habitats for bees and other pollinators essential to our ecosystem. Collectively, pollinators support the growth of over 85% of flowering plants and 65% of agricultural crops. This year, a new study concluded that one in five pollinators in North America is at an elevated risk of extinction. 

As part of its Bee Campus USA certification, Roanoke reaffirmed its commitment to pro-pollinator landscape management practices, including the use of native plants on campus. Hartmann and classmates also added a pollinator plant section to the campus garden, where the Roanoke College Beekeeping Society maintains a hive and plans to add a second one next month. 

Pollinator habitats also are supported on Elizabeth Campus, where the Roanoke College Environment Center is restoring about five acres of meadows, woods, and creek swales. In 2024, it was able to install bat houses and bee houses, thanks to grants from the National Wildlife Federation, Mutual of Omaha’s Wild Kingdom College and University Grant Program, and the Virginia Environmental Endowment Community Conservation Program.

“Bee Campus USA certification is a wonderful acknowledgment of the work our campus is doing to create a healthier environment for pollinators,” said Professor Kathy O’Neill, chair of environmental studies at Roanoke. “Pollinators play a crucial role in our ecosystems, and we’re proud to be part of a national effort to protect them.” 

More information is available at beecityusa.org.

View original content:https://www.prnewswire.com/news-releases/roanoke-earns-bee-campus-usa-certification-302451542.html

SOURCE Roanoke College

From Paris to New York, AWDPI’s mission to empower Asian women earns global recognition and catalyzes new action at CSW69.

NEW YORK, May 7, 2025 /PRNewswire/ — In March 2025, the global non-profit organization Asian Women Development Plan International (AWDPI) received two prestigious honors during the 69th session of the United Nations Commission on the Status of Women (CSW69) at UN Headquarters in New York.

AWDPI was awarded the Global Outstanding Women’s Public Welfare Organization Award, while its Board Member, Ms. Stephanie Sun, received the Asian Outstanding Female Leadership Award. These accolades reflect the international community’s recognition of AWDPI’s leadership in promoting gender equality and the rising global influence of Asian women in public service.

Five Years of Global Impact: Empowering Asian Women Worldwide

Founded in 2020 by Ms. Yimar Yu, AWDPI evolved from its original founding program Avoice (Against Violence to Overseas Chinese Women Program). The organization works to eliminate gender-based violence and discrimination and to uplift Asian women through economic opportunity, political engagement, and cultural empowerment.

Over the past five years, AWDPI has established a global footprint with offices in the United States, United Kingdom, Belgium, and Australia. Partnering with the United Nations, governments, academia, and private sector stakeholders, it has directly supported thousands of Asian women in more than 30 countries.

Programs such as the Anti-Domestic Violence Support System and the Conference of Asian Women Development International  are widely regarded as global models for innovation and cross-cultural impact in gender advocacy.

A Powerful Voice at the United Nations

AWDPI has participated in high-level dialogues and official parallel forums hosted by the United Nations, amplifying the call for equitable opportunities for Asian women. Its representatives have shared critical insights, proposed actionable policies, and strengthened interregional cooperation for sustainable development.

Advocating in Paris: Championing China’s Gender Equality Policy

On March 5, AWDPI Board Member Ms. Yanping Wang, a delegate to the landmark 1995 Fourth World Conference on Women in Beijing, took the stage at the Femina Vox International Forum held at UNESCO Headquarters in Paris. Speaking at the opening high-level roundtable, she reflected on the enduring global significance of the Beijing Declaration and Platform for Action—30 years on.

In a compelling dialogue moderated by UNESCO Artist for Peace Dr. Guila Clara Kessous, Ms. Wang reaffirmed China’s deep-rooted commitment to gender equality and inclusive development. She highlighted how the principles first enshrined in the Beijing Declaration continue to guide international cooperation on women’s rights.

“Empowering women is synonymous with empowering all of humanity,” she emphasized, calling on governments, private sector leaders, and civil society to re-energize their commitment to gender justice in the face of growing global challenges. Her remarks brought a powerful historical and policy perspective to the forum and were met with broad international resonance.

Breaking Barriers: Stephanie Sun’s Personal Journey of Leadership

On March 17, during CSW69 at the headquarters of the United Nations in New York, AWDPI Board Member Stephanie Sun was invited to share her inspiring journey with her personal “firsts”: including being the first one going to college and the first immigrant in her family, she became the first female immigrant in history to be appointed by the Governor of Pennsylvania as Executive Director of the Governor’s Commission on Asian Pacific American Affairs. She also made history by spearheading the historic progress of the Pennsylvania election system moving from bilingual to trilingual, adding the first Asian language, Chinese, secured by the federal Voting Rights Act, and by becoming the first Asian to serve as Vice President of the League of Women Voters of Pennsylvania, part of the largest civil rights organizations in the U.S.

Despite systemic challenges historically faced by Asian communities, Ms. Sun’s story is a powerful example of individual resilience driving systemic change. She encouraged Asian women to become agents of transformation and to create ‘countless firsts’ in public life. Her speech was met with great enthusiasm and was interrupted several times by resounding applause.

For her outstanding contributions to public policy and civic engagement, she received the Asian Outstanding Female Leadership Award. Other honorees at the event included Nobel laureate Ms. Youyou Tu, and former Secretary Ms. Elaine Chao.

Shaping the Global Gender Agenda: AWDPI at the New York Action Initiative

On March 19, AWDPI played a key role in CSW69’s parallel forum on Women’s Economic Empowerment. Ms. Yuting Deng, AWDPI’s U.S. Representative, presented findings from global projects and urged policymakers to take meaningful steps to address the needs of overseas Asian women. Building on this engagement, AWDPI joined international delegates in signing the New York Action Initiative, symbolizing cross-border solidarity and shared commitment to women’s empowerment.

Throughout CSW69, Ms. Tiantian Wu, Director of AWDPI’s U.S. National Office, led AWDPI’s strategic policy engagement and multilateral dialogue to amplify the voices of Asian women in global gender discussions. “Every registration table is a site of advocacy, and every coffee break holds the potential for change,” she noted. Through sustained and intentional presence, AWDPI ensured that the priorities of Asian women were meaningfully integrated into international gender equality agendas.

A Call to Action: Lighting the Path Ahead

At the award ceremony of CSW69’s parallel forum, held at the United Nations Headquarters, AWDPI founder Ms. Yimar Yu reaffirmed the organization’s commitment to empowering Asian women, advancing their participation and leadership in global progress. She extended her sincere appreciation to UN Gender Equality Advocate Ms. Hawa Taylor-Kamara Diallo, who also served as the award presenter, for her decades-long leadership in fostering cross-cultural understanding and advancing global gender equality.

From Paris to New York, AWDPI has been a consistent contributor to global gender equality efforts and human rights through sustained multilateral engagement. As a signatory to the New York Action Initiative, AWDPI continues to champion inclusive development through gender-responsive advocacy and international cooperation.

“Where fragments of light converge, they will ultimately illuminate the future of human civilization.” —AWDPI

AWDPI calls upon partners, media, and allies worldwide to join in advancing a more just, inclusive, and gender-equal world.

View original content:https://www.prnewswire.com/news-releases/awdpi-honored-at-the-united-nations-empowering-asian-women-advancing-global-gender-equality-302451686.html

SOURCE Asian Women Development Plan International

StarKist Volunteers Build Custom Playset for Pediatric Cancer Warrior as Part of National
“Play It Forward” Program

RESTON, Va., May 9, 2025 /PRNewswire/ — On May 9, StarKist Co., America’s favorite tuna brand, partnered with the Roc Solid Foundation to bring joy to 7-year-old Fallon D’Aguiar of Silver Spring, MD, who is bravely fighting Acute Lymphoblastic Leukemia. Since 2009, Roc Solid has supported thousands of families through the power of play, creating and offering hospital Ready Bags at diagnosis and building custom backyard playsets during treatment.

“We believe in the power of play, because when kids are playing, cancer is the last thing on their minds,” says Eric Newman, founder and CEO of Roc Solid Foundation. “We are so appreciative of the support of StarKist; we simply couldn’t do what we do without organizations like theirs rallying around these families with support.”

Fallon was surprised with a custom-built backyard playset through Roc Solid’s “Play It Forward” initiative, which brings the healing power of play to children fighting cancer. For families whose routines are filled with treatments and isolation, where public play isn’t always safe due to weakened immune systems, a backyard playset offers more than fun. It creates a safe, germ-free escape and a chance to make joyful memories together.

Volunteers, including a group of StarKist employees, spent the morning constructing Fallon’s playset from the ground up. The experience culminated in a powerful “What Hope Looks Like” moment as Charlie The Tuna^® helped unveil the finished playset to Fallon and her family for the first time, turning an ordinary backyard into a place of joy, comfort, and hope.

“As a socially responsible company, StarKist is thrilled to partner with Roc Solid Foundation for multiple initiatives this year to help bring hope and joy to kids fighting childhood cancer,” says Mike Merritt Jr., Head of Marketing at StarKist. “Our team was honored to play a part in creating a space where Fallon can just be a kid again and where cancer isn’t front and center.”

StarKist^® Cares is the company’s commitment to making a lasting impact through charitable initiatives that fight hunger and uplift communities. In addition to its work with Roc Solid Foundation to support children facing pediatric cancer, StarKist has spent more than 15 years addressing food insecurity by donating millions of tuna and chicken products nationwide. The company also partners with Feed the Children^® to provide vital disaster and emergency relief, supports Cornerstones in assisting vulnerable families in Northern Virginia, and honors Korean War veterans through its continued support of The Chosin Few.

About StarKist Co.
StarKist Co. is a socially responsible company that empowers people to live a healthy lifestyle by providing convenient nutritious proteins. An industry innovator, StarKist was the first brand to introduce convenient single-serve pouch products, which include StarKist Tuna Creations^®, Salmon Creations^®, and Chicken Creations^® in over 40 varieties. As America’s favorite tuna, StarKist represents a tradition of quality, consumer trust and a commitment to sustainability. StarKist’s charismatic brand icon, Charlie The Tuna^®, swam into the hearts of tuna fans in 1961 and is still a fan favorite today. StarKist Co. is a direct wholly owned subsidiary of Dongwon Industries Co., Ltd.

About Roc Solid Foundation
Roc Solid Foundation builds hope for kids fighting cancer nationwide through the power of play. The organization distributes hospital Ready Bags to families just after they hear the devastating news that their child has cancer, and then provides backyard playsets so kids have a safe place to play during treatment. Roc Solid currently partners with over 180 children’s hospitals to distribute Ready Bags, and playsets have been provided to thousands of kids fighting cancer in almost every state across the U.S. For more info, visit rocsolidfoundation.org.

Media Contacts
Michelle Faist
Michelle.Faist@StarKist.com
571-441-8096

Tori Schettino
tschettino@coynepr.com
973-588-2381

View original content to download multimedia:https://www.prnewswire.com/news-releases/starkist-teams-up-with-roc-solid-foundation-to-bring-backyard-joy-to-7-year-old-fighting-cancer-302451472.html

SOURCE StarKist Co.

DETROIT, May 9, 2025 /PRNewswire/ — Beginning Sunday, May 11, Comerica Bank and the Detroit Tigers will launch their 2025 Small Business of the Month program that recognizes metro Detroit small businesses and provides valuable resources to promote services and brands to a wider audience.

The Tigers Comerica Bank 2025 Small Business of the Month launches just after the conclusion of National Small Business Week (May 4-10) and will feature Rent A Bounce as its first honoree.

The Small Business of the Month receives in-game exposure on Comerica Park’s LED ribbon boards and scoreboard, in addition to promotion on both Comerica and Tigers social media channels. Each small business participating receives suite access during the game to entertain clients, prospects or employees.

“We value small businesses and the extensive impact they have on our local economies,” said Meghan Storey, Comerica Bank Senior Vice President and Michigan Director of Small Business Banking. “As we celebrate their successes and contributions to our communities, we want to further assist in their growth and reach by delivering valuable assets through our Small Business of the Month program with the Tigers at Comerica Park and on social platforms.”

Rent A Bounce, based in Sylvan Lake, is a premier party rental company specializing in inflatables, tables, chairs, and tents for events big or small. The service area for Rent A Bounce reaches throughout Oakland county and areas in Wayne and Macomb counties. For more information, visit www.rentabounce.com.

Additional Comerica Bank Small Business of the Month honorees include:

• June 7: Encore Commercial Products (Farmington Hills)
• July 12: Leonardo Marble & Granite (Wixom)
• August 23: Murray’s Worldwide (Oak Park)
• September 20: Doetsch Industrial Services (Warren)

Comerica’s commitment to small business is enhanced through its partnerships with Detroit pro sports teams and allows small business customers to leverage valuable and unique resources to gain exposure, build their brand and reach larger audiences. In addition to the Small Business of the Month program with the Tigers at Comerica Bark that first began in 2021, the bank has also partnered with the Detroit Lions on the Comerica Bank Small Business of the Game since 2017 and with the Detroit Pistons via the SHOP313 PopUp Shops presented by Comerica Bank, which recently completed its second season.

Including those featured in upcoming Detroit Lions season, over 40 small businesses will be showcased through Comerica’s partnerships with the Tigers, Lions and Pistons during 2025.

Furthermore, Comerica SmallBizCo-op® offers free radio advertising to Michigan small business customers during Detroit Tigers broadcasts.

On May 4, Comerica Bank announced it was taking a big swing during National Small Business Week (May 4-10) to support small business incubation by contributing $250,000 to community organizations located in five markets focused on entrepreneurial development, growth, education and empowerment. The five nonprofit organizations, each receiving a $50,000 contribution from Comerica Bank, include: Impact Ventures (Dallas, Texas), Pacific Asian Consortium in Employment (Los Angeles, California), TechTown Detroit (Detroit, Michigan), Women’s Business Enterprise Alliance (Houston, Texas), and Working Solutions CDFI (San Francisco, California).

Comerica Bank, a subsidiary of Comerica Incorporated, has served Michigan longer than any other bank with a continuous presence dating back 175 years to its Detroit founding in 1849. It is the largest bank employer in metro Detroit and has more than 4,300 employees (FTE) statewide. With one of the largest banking center networks in Michigan, Comerica nurtures lifelong relationships with unwavering integrity and financial prudence. Comerica positively impacts the lives of Michigan residents by helping customers be successful, providing financial support that assists hundreds of charitable organizations, and actively participating in Detroit’s downtown revitalization. Comerica Incorporated (NYSE: CMA) is a financial services company strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Follow on Facebook: www.facebook.com/Comerica, X: @ComericaBank and Instagram: @comerica_bank.

View original content to download multimedia:https://www.prnewswire.com/news-releases/comerica-bank-and-detroit-tigers-step-up-to-the-plate-for-metro-detroits-small-businesses-302451257.html

SOURCE Comerica Bank

TAMPA, May 9, 2025 /PRNewswire/ — KANA Private Wealth Group, a boutique wealth management firm, today announced that Blake Nelson, a 42-year industry veteran has joined their Tampa branch.

Blake was born and raised in central Florida and graduated High School in 1970. After graduation, he served his country honorably in the United States Air Force from October 1970 to September 1974. Two of those years in Southeast Asia. While in the Air Force, he was an Air Crew Boom Operator on a KC-135 Stratotanker air to air inflight refueler.

He graduated from the University of South Florida in 1980 with a degree in Finance. He has been working with individuals and businesses in Central Florida since 1983.  Blake has two children and a 5yr old Grandson. He and his wife Mary reside in Tampa and Tennessee.

About KANA Private Wealth Group

Mark H. Woodward founded KANA in 2019, after his six years serving as Chief Investment Officer and Principal at Blue Ocean Partners when his previous partner retired.  KANA Private Wealth Group was founded on the principle of Living Life on Purpose.  We help our clients identify and understand their needs, wants and long-term goals and then help them to develop a custom process-driven plan so that they can put their family first!

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. KANA Private Wealth Group is not affiliated with Kestra IS or Kestra AS. https://bit.ly/KF-Disclosures   

Contact:
Mark Woodward
mwoodward@kanapwg.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kana-private-wealth-group-continues-growth-in-2025-302451230.html

SOURCE KANA Private Wealth Group

FORNEBU, Norway, May 9, 2025 /PRNewswire/ —

Issuer: Aker Horizons ASA

ISIN for bond loan: NO0010923220

Original maturity date: 15 August 2025

New maturity date: 23 May 2025

Redemption price: 100.37 % per cent. of the Nominal Amount (plus accrued and unpaid interest on the redeemed amount)

Other information: The issuer has in a letter to Nordic Trustee (the Bond Trustee) notified that the Issuer will exercise the call option to redeem all of the outstanding bonds in accordance with the Bond Terms. The record date will be 21 May 2025.

This information is published in accordance with the requirements of the Continuing Obligations.

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

https://news.cision.com/aker-horizons/r/akh01-esg—key-information-relating-to-full-redemption-of-bond-loan,c4148407

The following files are available for download:

View original content:https://www.prnewswire.com/news-releases/akh01-esg–key-information-relating-to-full-redemption-of-bond-loan-302451190.html

SOURCE Aker Horizons

The Company unveiled the fruits of its collaboratively innovated photovoltaic and hydrogen energy along with energy storage solutions in Munich, accelerating Europe’s move towards carbon neutrality

MUNICH, May 9, 2025 /PRNewswire/ — Shanghai Electric (SEHK:2727, SSE:601727) once again impresses visitors at  this year’s Intersolar Europe, the world’s leading exhibition for the solar industry, held in Munich from May 7-9. The Company showcases solutions in multiple fields, including solar and hydrogen energy, and energy storage. Utilizing its solution that adapts and localizes with cutting-edge technology, it presents an efficient path for Europe’s green energy transformation and collaborates with global industry leaders to forge a blueprint for a zero-carbon future.

Carbon neutrality is a major strategic goal and a mission that will take concerted action from the whole world. Shanghai Electric is committed to connecting the world with innovative technologies, promoting the large-scale application of green energy, and making Chinese expertise a key force for global sustainable development.

Marking a major advance in green hydrogen technology, Shanghai Bright-H Technology, a subsidiary of Shanghai Electric, launches its new generation Bristack® series electrolyzers. Certified by TÜV Rheinland, the line includes 100-3000Nm³/h alkaline and 10-400Nm³/h PEM models. Featuring efficient gas-liquid transmission technology, the electrolyzers offer high current density, low energy consumption, wide load regulation and rapid response, achieving industry-leading hydrogen production efficiency. With annual production capacities of 1 gigawatt for alkaline electrolyzers and 200 megawatts for PEM electrolyzers, large-scale green hydrogen deployment is now more feasible.

Shanghai Electric’s latest photovoltaic offerings include the Creator 210R series heterojunction modules, delivering 640W of power with 90% bifaciality. The Company’s TOPCon cost-effective modules and colored building-integrated photovoltaics (BIPV) modules meet a range of market demands. Its modular sustainable construction site solutions boost low-carbon energy supply, increase installation efficiency by 50%, and suit fast turnover scenarios. Comprising five modules, including a single bracket and a BIPV roof, the system assembles quickly with bolts or self-tapping screws and allows flexible expansion.

At Intersolar Europe 2025, Shanghai Electric highlights its advancements in collaborative innovation across photovoltaics, hydrogen and energy storage, along with the integration of high-end equipment with smart energy. The Company’s multi-energy system, combining solar and hydrogen storage solutions, is designed to optimize investment and operating costs. Shanghai Electric’s flexible bracket and tracking system also unlocks the value of unused land, while its full life cycle services help ensure long-term project benefits and improved energy efficiency.

Leveraging its expertise and adapting to local conditions, Shanghai Electric proved its capability to push Europe’s green energy transition toward net-zero emissions by 2050. In the United Kingdom, the Company has independently developed, built, and operated eight photovoltaic projects, featuring 220MWh of energy storage, with 100MWh already operational. These efforts are expected to cut carbon dioxide emissions by about 112,000 tons annually.

Elsewhere, the photovoltaic project in Romania, constructed and operated with the participation of Shanghai Electric, is capable of supplying green electricity to over 120,000 households upon completion. The Pancevo Thermal Power Plant in Serbia, designed in full compliance with European standards and developed by Shanghai Electric, has generated a cumulative total exceeding 950 million kilowatt-hours of electricity since its commissioning, effectively alleviating local power supply constraints.

For more information about Shanghai Electric, please visit https://www.shanghai-electric.com/group_en/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shanghai-electric-illuminates-intersolar-europe-2025-drives-global-energy-transformation-with-full-range-of-innovative-new-energy-solutions-302451168.html

SOURCE Shanghai Electric

Nation’s Leading Dog Wellness Brand Supports Everyday Community Heroes Through its “Scenthound Salutes” Program

JUPITER, Fla., May 9, 2025 /PRNewswire/ — In celebration of Teacher Appreciation Week, Scenthound is recognizing and giving back to educators across the U.S. Throughout May, the pet wellness brand is offering a free basic hygiene service to teachers through its “Scenthound Salutes” program. Rooted in Scenthound’s mission to make routine hygiene care accessible to dogs nationwide, this initiative allows the brand to extend essential care to even more dogs while promoting a culture of gratitude within its system and the communities it serves.

Promotion Details:

• Educators can receive a complimentary basic hygiene service that includes a bath, ear cleaning, nail clip, teeth brushing and 6-point wellness check.
• The promotion is valid at all Scenter locations and is limited to one use and one dog per person.
• Appointments must be scheduled and completed in May 2025.
• The offer is available to all educators with valid ID or proof of employment.

The Scenthound Salutes Program is the brand’s ongoing community appreciation initiative that honors those who make a positive impact. Designed to spotlight everyday heroes, the program has previously recognized educators, first responders, and veterans for their contributions. This month, Scenthound is again focusing on educators — acknowledging their vital role in shaping future generations and strengthening communities across the U.S.

“Educators give so much every single day, often without recognition, and we wanted to find a meaningful way to give back,” said Jessica Vogel, Co-Founder and Chief Brand Officer of Scenthound. “By offering free wellness services to their dogs, we hope to show our gratitude and make their lives a little easier. It’s our way of saying thank you for all that they do.”

Scenthound Salutes reflects the brand’s commitment to its core pillars of connection, wellness, and education by strengthening community bonds and supporting those who make a difference. Through this initiative, the Scenters have an opportunity to build relationships within their neighborhoods while making a positive impact. Just as educators guide and shape future generations, Scenthound is dedicated to educating dog parents about the importance of routine hygiene and wellness care for their pets, helping them lead longer, healthier, happier lives.

To redeem the offer, educators can visit or call their local Scenthound to book their complimentary Basic Hygiene service.

As category creators, Scenthound is changing the conversation from reactive to proactive care and defining a new narrative for an entire industry segment. The success of the dog wellness concept has not gone unnoticed as Scenthound recently made its debut on the prestigious Entrepreneur Franchise 500 list for 2025. Scenthound also ranked on Inc. 5000’s 2024 list of the fastest-growing private companies in America for the fourth year in a row and was a finalist of South Florida Business Journal’s 2023, 2024 and 2025 Business of the Year award.

To learn more about the brand, visit www.scenthound.com or follow the brand on Instagram and LinkedIn. To find out more about franchise opportunities, visit www.franchise.scenthound.com.

About Scenthound

Founded in 2015, Scenthound, the nation’s first dog wellness franchise concept, offers monthly hygiene services for affordable and accessible routine dog care. With a unique focus on pet health and hygiene, the brand’s services are elevated through the integration of innovative technology, including its proprietary S.C.E.N.T. Check® (Skin, Coat, Ears, Nails, and Teeth) detailing an assessment of each dog’s external well-being following its monthly visit to a ‘Scenter.’ Today, Scenthound has finalized plans for over 300 franchised and corporate-owned locations across 26 states and is positioned for explosive growth across the U.S. For more information about Scenthound’s unique membership offerings, visit www.scenthound.com or follow the brand on Instagram, Facebook, and LinkedIn. To find out more about franchise opportunities, visit www.franchise.scenthound.com.

Media Contact: Jessica Peterson, Fishman Public Relations, jpeterson@fishmanpr.com or 636.439.0210

View original content to download multimedia:https://www.prnewswire.com/news-releases/empowering-educators-scenthound-provides-free-services-to-teachers-throughout-may-302450650.html

SOURCE Scenthound

Urges Shareholders to Vote on Bulldog’s GREEN Proxy Card at Tejon Annual Meeting of Shareholders

PALO ALTO, Calif., May 9, 2025 /PRNewswire/ — Glenbrook Capital Management (“Glenbrook” or “we”), a long-time shareholder of Tejon Ranch Co. (NYSE:TRC) (“Tejon” or the “Company”) and owner of approximately 1.1% of outstanding shares of the Tejon, thanks CalSTRS for its vote FOR both Item #4 to allow Tejon shareholders owning a combined 10% of outstanding shares to call a special meeting of shareholders and FOR Bulldog Capital’s state of nominees (“Bulldog’s Slate”) to the Tejon Board of Directors (the “Board”) on Bulldog’s GREEN Proxy Card.

“We are happy that CalSTRS has joined us, Bulldog and Harvey Capital in recognizing the urgent need for change to unlock value at Tejon for shareholders. We believe their votes FOR the shareholder proposal (“Item 4”) submitted by PFS Trust — which would enable Tejon shareholders owning a combined 10% of outstanding Tejon shares to call a special meeting — and FOR Bulldog’s Slate are aligned with the best interests of Tejon shareholders.

Importantly, casting votes using Bulldog’s GREEN Proxy Card enables cumulative voting and maximizes the impact of shares voted for Bulldog’s Slate. Accordingly, we intend to vote FOR Item 4 and Bulldog’s Slate on the GREEN Proxy Card at the Tejon Annual Meeting of Shareholders scheduled for next Tuesday, May 13, 2025, and urge other shareholders to do the same.”

***

Media Contact: 
ASC Advisors 
Taylor Ingraham
tingraham@ascadvisors.com
203-992-1230

Investor Contact:
Richard Rudgley
President, Glenbrook Capital Management
richard@glenbrookcapital.net

Grover Wickersham
Chairman, Glenbrook Capital Management
415-601-1111    

Disclaimer and Cautionary Statement Regarding Forward-Looking Statements

This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein in any state to any person. This press release does not constitute a solicitation of authority to vote any proxy card at the Annual Meeting of Shareholders of Tejon and Glenbrook is not asking for your proxy card.

The information herein contains “forward-looking statements.” Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should” or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans or goals are forward-looking. Forward-looking statements are subject to various risks and uncertainties and assumptions. There can be no assurance that any idea or assumption herein is, or will be proven, correct or that any of the objectives, plans or goals stated herein will ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if Glenbrook underlying assumptions prove to be incorrect, the actual results may vary materially from outcomes indicated by these statements. Accordingly, forward-looking statements should not be regarded as a representation by Glenbrook that the future plans, estimates or expectations contemplated will ever be achieved.

 

View original content:https://www.prnewswire.com/news-releases/glenbrook-welcomes-calstrs-support-of-pfs-trusts-shareholder-proposal-and-bulldogs-director-slate-302451052.html

SOURCE Glenbrook Capital Management

• First quarter 2025 net loss of $162.0 million, or basic loss per common share of $1.87 per share
• First quarter 2025 Adjusted EBITDA with Tax Attributes of $55.0 million, reflecting a $30.4 million adjustment for RINs incurrence expense and $16.9 million from the Production Tax Credit (“PTC”)
• Montana Renewables expects to reach 120 to 150-million-gallon SAF capacity sooner than previously reported for a fraction of the cost 
• Montana Renewables received $782 million funding of Department of Energy (“DOE”) loan in February 2025, closed sale of Royal Purple® industrial business for $110 million in March 2025, and launches partial redemption for $150 million of 2026 Notes  
• Company-wide cost reduction plan on track with $22 million year over year reduction in operating costs
• Consolidated quarter ending liquidity of $542.7 million

INDIANAPOLIS, May 9, 2025 /PRNewswire/ — Calumet, Inc. (NASDAQ: CLMT) today reported results of Calumet, Inc. (the “Company,” “Calumet,” “we,” “our” or “us”) for the first quarter ended March 31, 2025, as follows:

“The first quarter of 2025 reflected significant progress on multiple strategic fronts,” said Todd Borgmann, CEO. “Most importantly, we closed – and received funding – of our DOE loan under the new administration setting the stage for transformational growth in our Renewables business. Further, we commenced our deleveraging program with a sale of the Royal Purple Industrial business and announced a partial redemption notice for $150 million of our 2026 Notes. Further today, we’re announcing a plan to accelerate the MaxSAF™ expansion and take the first step of our SAF capacity increase at a fraction of the initially expected costs. For $20 million to $30 million of capital, we expect to increase our SAF capacity to 120 million to 150 million gallons by the second quarter of 2026.  This breakthrough was achieved as our team in Montana deployed learnings from our first two years of operations to debottleneck existing MRL assets and better utilize our technology, as opposed to transporting and installing additional major equipment on site.  While this first step is a major expediter, our ultimate plan of producing up to 300 million gallons of SAF by 2028 remains unchanged.

“Further, Calumet continued to execute on our 2025 priorities despite a seasonally difficult operating environment.  Year-over-year quarterly operating costs were reduced by over $22 million across the company.  Montana Renewables generated $2.4 million of Adjusted EBITDA with Tax Attributes, overcoming the lowest quarterly industry margin environment we have seen.  Further, we continue to experience strong demand throughout our specialties business.  We sold roughly 23,000 barrels per day of specialty products in our SPS segment, which ranks amongst the best sales volume quarters on record, and Performance Brands volume grew 7% year over year, amidst a volatile economic backdrop.”

Specialty Products and Solutions (SPS): The SPS segment reported Adjusted EBITDA of $56.3 million during the first quarter of 2025 compared to Adjusted EBITDA of $47.2 million for the same quarter a year ago.  Segment results reflected strong specialty product sales and fixed cost reduction offsetting a planned turnaround in the first quarter of 2025.

Performance Brands (PB): The PB segment reported Adjusted EBITDA of $15.8 million during the first quarter of 2025 versus Adjusted EBITDA of $13.4 million in the first quarter of 2024, benefitting from seven percent growth in year-over-year sales volumes and continued volume and margin growth of our TruFuel brand.

Montana/Renewables (MR): The MR segment reported $3.3 million of Adjusted EBITDA with Tax Attributes during the first quarter of 2025 compared to Adjusted EBITDA with Tax Attributes of $(13.4) million in the prior year period.  This metric includes $16.9 million of Tax Attributes from the Production Tax Credit, which are added to Adjusted EBITDA to provide a comparable metric to prior periods, when the Blenders Tax Credit appeared in Adjusted EBITDA. The MR segment benefitted from dramatic operating cost reductions compared to the prior year period, which resulted in substantial financial improvement despite the seasonally weak fuels and asphalt environment and relatively tight WCS-WTI spread.          

Corporate: Total corporate costs represent $(20.4) million of Adjusted EBITDA for the first quarter 2025. This compares to $(19.1) million of Adjusted EBITDA in the first quarter 2024.  

Calumet Issues Notice of Partial Redemption for $150 Million of 2026 Notes

Calumet announced today that it has delivered a notice of partial redemption for $150 million aggregate principal amount of the outstanding 11.00% Senior Notes due 2026 (the “2026 Notes”) at a redemption price of par, plus accrued and unpaid interest to, but not including, the redemption date. The redemption date for the 2026 Notes provided in the notice of partial redemption is May 24, 2025. Wilmington Trust, National Association is the trustee for the 2026 Notes and is serving as the paying agent for the redemption.

Operations Summary

The following table sets forth information about the Company’s continuing operations after giving effect to the elimination of all intercompany activity. Facility production volume differs from sales volume due to changes in inventories and the sale of purchased blendstocks such as ethanol and specialty blendstocks, as well as the resale of crude oil.

_______________________________

Webcast Information

A conference call is scheduled for 9:00 a.m. ET on May 9, 2025, to discuss the financial and operational results for the first quarter of 2025. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides, available on Calumet’s website at www.calumet.investorroom.com/events. Interested parties may also participate in the call by dialing (844) 695-5524. A replay of the conference call will be available a few hours after the event on the investor relations section of Calumet’s website, under the events and presentations section and will remain available for at least 90 days.

About Calumet

Calumet, Inc. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.

Cautionary Statement Regarding Forward-Looking Statements  

Certain statements and information in this press release may constitute “forward-looking statements.” The words “will,” “may,” “intend,” “believe,” “expect,” “outlook,” “forecast,” “anticipate,” “estimate,” “continue,” “plan,” “should,” “could,” “would,” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. The statements discussed in this press release that are not purely historical data are forward-looking statements, including, but not limited to, the statements regarding (i) demand for finished products in markets we serve, (ii) our expectation regarding our business outlook and cash flows, including with respect to the Montana Renewables business and our plans to de-leverage our balance sheet, (iii) our expectation that the DOE Facility will enable Montana Renewables to complete the MaxSAF™ construction on time and on budget, (iv) our ability to achieve the strategic and other objectives relating to the sale of the Royal Purple® industrial business, (v) the expected redemption of a portion of the outstanding 2026 Notes, (vi) our expectation regarding anticipated capital expenditures and strategic initiatives and (vii) our ability to meet our financial commitments, debt service obligations, debt instrument covenants, contingencies and anticipated capital expenditures. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our current expectations for future sales and operating results are based on our forecasts for our existing operations and do not include the potential impact of any future acquisition or disposition transactions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause our actual results to differ materially from our historical experience and our present expectations or projections. Known material factors that could cause our actual results to differ materially from those in the forward-looking statements include: the overall demand for specialty products, fuels, renewable fuels and other refined products; the level of foreign and domestic production of crude oil and refined products; our ability to produce specialty products, fuel products, and renewable fuel products that meet our customers’ unique and precise specifications; the marketing of alternative and competing products; the impact of fluctuations and rapid increases or decreases in crude oil and crack spread prices, including the resulting impact on our liquidity; the results of our hedging and other risk management activities; our ability to comply with financial covenants contained in our debt instruments; the availability of, and our ability to consummate, acquisition or combination opportunities and the impact of any completed acquisitions; labor relations; our access to capital to fund expansions, acquisitions and our working capital needs and our ability to obtain debt or equity financing on satisfactory terms; successful integration and future performance of acquired assets, businesses or third-party product supply and processing relationships; our ability to timely and effectively integrate the operations of acquired businesses or assets, particularly those in new geographic areas or in new lines of business; environmental liabilities or events that are not covered by an indemnity, insurance or existing reserves; maintenance of our credit ratings and ability to receive open credit lines from our suppliers; demand for various grades of crude oil and resulting changes in pricing conditions; fluctuations in refinery capacity; our ability to access sufficient crude oil supply through long-term or month-to-month evergreen contracts and on the spot market; the effects of competition; continued creditworthiness of, and performance by, counterparties; the impact of current and future laws, rulings and governmental regulations, including guidance related to the Dodd-Frank Wall Street Reform and Consumer Protection Act; the costs of complying with the Renewable Fuel Standard, including the prices paid for renewable identification numbers (“RINs”); our ability to sell, and the prices received for, PTCs; shortages or cost increases of power supplies, natural gas, materials or labor; hurricane or other weather interference with business operations; our ability to access the debt and equity markets; accidents or other unscheduled shutdowns; and general economic, market, business or political conditions, including inflationary pressures, instability in financial institutions, general economic slowdown or a recession, political tensions, conflicts and war (such as the ongoing conflicts in Ukraine and the Middle East and their regional and global ramifications).

For additional information regarding factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including the risk factors and other cautionary statements in our latest Annual Report on Form 10-K and our other filings with the SEC.

We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. While our management considers these assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. Certain public statements made by us and our representatives on the date hereof may also contain forward-looking statements, which are qualified in their entirety by the cautionary statements contained above.

Non-GAAP Financial Measures

Our management uses certain non-GAAP performance measures to analyze operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our financial information presented in accordance with generally accepted accounting principles (“GAAP”). These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include performance measures along with certain key operating metrics.

We use the following financial performance measures:

EBITDA: We define EBITDA for any period as net income (loss) plus interest expense (including amortization of debt issuance costs), income taxes and depreciation and amortization. We believe net income (loss) is the most directly comparable GAAP measure to EBITDA.

Adjusted EBITDA: We define Adjusted EBITDA for any period as: EBITDA adjusted for (a) impairment; (b) unrealized gains and losses from mark to market accounting for hedging activities; (c) realized gains and losses under derivative instruments excluded from the determination of net income (loss); (d) non-cash equity-based compensation expense and other non-cash items (excluding items such as accruals of cash expenses in a future period or amortization of a prepaid cash expense) that were deducted in computing net income (loss); (e) debt refinancing fees, extinguishment costs, premiums and penalties; (f) any net gain or loss realized in connection with an asset sale that was deducted in computing net income (loss); (g) amortization of turnaround costs; (h) LCM inventory adjustments; (i) the impact of liquidation of inventory layers calculated using the LIFO method; (j) RINs mark-to-market adjustments; (k) RINs incurrence expense; and (l) all extraordinary, unusual or non-recurring items of gain or loss, or revenue or expense.

We define Adjusted EBITDA with Tax Attributes for any period as Adjusted EBITDA plus the notional value of Production Tax Credits, less the difference between the notional value of any Production Tax Credits sold and the amount realized from such sales.

Specialty Products and Solutions segment Adjusted EBITDA Margin: We define Specialty Products and Solutions segment Adjusted EBITDA Margin for any period as Specialty Products and Solutions segment Adjusted EBITDA divided by Specialty Products and Solutions segment sales.

Specialty Products and Solutions segment Adjusted gross profit (loss): We define Specialty Products and Solutions segment Adjusted gross profit (loss) for any period as Specialty Products and Solutions segment gross profit (loss) excluding the impact of (a) LCM inventory adjustments; (b) the impact of liquidation of inventory layers calculated using the LIFO method; (c) RINs mark-to-market adjustments; (d) depreciation and amortization; (e) RINs incurrence expense; and (f) all extraordinary, unusual or non-recurring items of revenue or cost of sales.

Performance Brands segment Adjusted gross profit (loss): We define Performance Brands segment Adjusted gross profit (loss) for any period as Performance Brands segment gross profit (loss) excluding the impact of (a) LCM inventory adjustments; (b) the impact of liquidation of inventory layers calculated using the LIFO method; (c) RINs mark-to-market adjustments; (d) depreciation and amortization; (e) RINs incurrence expense; and (f) all extraordinary, unusual or non-recurring items of revenue or cost of sales.

Montana/Renewables segment Adjusted gross profit (loss): We define Montana/Renewables segment Adjusted gross profit (loss) for any period as Montana/Renewables segment gross profit (loss) excluding the impact of (a) LCM inventory adjustments; (b) the impact of liquidation of inventory layers calculated using the LIFO method; (c) RINs mark-to-market adjustments; (d) depreciation and amortization; (e) RINs incurrence expense; and (f) all extraordinary, unusual or non-recurring items of revenue or cost of sales.

The definition of Adjusted EBITDA that is presented in this press release is similar to the calculation of (i) “Consolidated Cash Flow” contained in the indentures governing our 11.0% Senior Notes due 2026 (the “2026 Notes”), our 8.125% Senior Notes due 2027 (the “2027 Notes”), each series of our 9.75% Senior Notes due 2028 (the “2028 Notes”), and our 9.25% Senior Secured First Lien Notes due 2029 (the “2029 Secured Notes”) and (ii) “Consolidated EBITDA” contained in the credit agreement governing our revolving credit facility. We are required to report Consolidated Cash Flow to the holders of our 2026 Notes, 2027 Notes, 2028 Notes, and 2029 Secured Notes and Consolidated EBITDA to the lenders under our revolving credit facility, and these measures are used by them to determine our compliance with certain covenants governing those debt instruments. Please see our filings with the SEC, including our most recent Annual Report on Form 10-K and Current Reports on Form 8-K, for additional details regarding the covenants governing our debt instruments.

These non-GAAP measures are used as supplemental financial measures by our management and by external users of our financial statements such as investors, commercial banks, research analysts and others, to assess:

• the financial performance of our assets without regard to financing methods, capital structure or historical cost basis;
• the ability of our assets to generate cash sufficient to pay interest costs and support our indebtedness;
• our operating performance and return on capital as compared to those of other companies in our industry, without regard to financing or capital structure;
• the viability of acquisitions and capital expenditure projects and the overall rates of return on alternative investment opportunities; and
• our operating performance excluding the non-cash impact of LCM and LIFO inventory adjustments, RINs mark-to-market adjustments, RINs incurrence expense, and depreciation and amortization.

We believe that these non-GAAP measures are useful to analysts and investors, as they exclude transactions not related to our core cash operating activities and provide metrics to analyze our ability to fund our capital requirements and to pay interest on our debt obligations. We believe that excluding these transactions allows investors to meaningfully analyze trends and performance of our core cash operations.

EBITDA, Adjusted EBITDA, Adjusted EBITDA with Tax Attributes, and segment Adjusted gross profit (loss) should not be considered alternatives to Net income (loss), Operating income (loss), Net cash provided by (used in) operating activities, gross profit (loss) or any other measure of financial performance presented in accordance with GAAP. In evaluating our performance as measured by EBITDA, Adjusted EBITDA, Adjusted EBITDA with Tax Attributes, and segment Adjusted gross profit (loss) management recognizes and considers the limitations of these measurements. EBITDA, Adjusted EBITDA, and Adjusted EBITDA with Tax Attributes do not reflect our liabilities for the payment of income taxes, interest expense or other obligations such as capital expenditures. Accordingly, EBITDA, Adjusted EBITDA, Adjusted EBITDA with Tax Attributes, and segment Adjusted gross profit (loss) are only a few of several measurements that management utilizes. Moreover, our EBITDA, Adjusted EBITDA, Adjusted EBITDA with Tax Attributes, and segment Adjusted gross profit (loss) may not be comparable to similarly titled measures of another company because all companies may not calculate EBITDA, Adjusted EBITDA, Adjusted EBITDA with Tax Attributes, and segment Adjusted gross profit (loss) in the same manner. Please see the section of this release entitled “Non-GAAP Reconciliations” for tables that present reconciliations of EBITDA, Adjusted EBITDA, and Adjusted EBITDA with Tax Attributes to Net income (loss), our most directly comparable GAAP financial performance measure; and segment Adjusted gross profit (loss) to segment gross profit (loss), our most directly comparable GAAP financial performance measure.

 

 

 

^{________________________________}

 

____________________________

 

 

 

View original content:https://www.prnewswire.com/news-releases/calumet-reports-first-quarter-2025-results-302451031.html

SOURCE Calumet, Inc.