Tag: PR Newswire

First Horizon to serve as presenting sponsor of tournament Pro-Am and Pairings Party

MEMPHIS, Tenn., May 6, 2025 /PRNewswire/ — First Horizon Bank (NYSE: FHN) and tournament officials announced today that First Horizon Bank has been named as Official Financial Services sponsor of the 2025 FedEx St. Jude Championship at TPC Southwind, August 6-10, 2025, and will also serve as presenting sponsor of the tournament’s Pairings Party and Championship Pro-Am on Wednesday, August 6, 2025.

“We are excited to welcome First Horizon Bank as the Official Financial Services sponsor of the 2025 championship,” said Robert Miller, Sales Director of the FedEx St. Jude Championship. “As a Memphis-based company, First Horizon Bank’s commitment to investing and engaging in our community aligns perfectly with our mission of creating meaningful impact in the Bluff City. With the support of First Horizon, we look forward to elevating our Pro-Am experience for the participants and enhancing Wednesday overall for all guests on-site.”

“We are proud to be the Official Financial Services sponsor of this year’s championship,” said Bo Allen, First Horizon Bank Midsouth Regional President. “Opportunities like this to collaborate with community leaders are an easy ‘yes.’ Partnering with these world-class organizations showcases our shared commitment to excellence and deepens our connection across the region.”

First Horizon Bank’s 161-year legacy extends beyond Memphis with more than 400 banking center locations across the southeast U.S. and its unique position offers the best of both a large and small bank – including the capital to fund big ideas and growth and the nimbleness and service mindset to create great client experiences.

Golf’s postseason tees off at the 2025 FedEx St. Jude Championship, which invites the top 70 players in the FedExCup Playoffs and Eligibility Points List at the conclusion of the regular season with only 50 players advancing to the following week’s BMW Championship. TPC Southwind plays host to the four-day, no-cut opening Playoffs event for the fourth year.

About First Horizon Corp. (NYSE: FHN), with $81.5 billion in assets as of March 31, 2025, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

About the FedEx St. Jude Championship
The FedEx St. Jude Championship is the first of three events in the FedExCup Playoffs, the culmination of the season-long competition that is the centerpiece of the PGA TOUR Season. Played August 6-10 at TPC Southwind, the FedEx St. Jude Championship features the top 70 players in the FedExCup Playoffs and Eligibility Points List at the conclusion of the regular season. The City of Memphis has held a PGA TOUR event every year since 1958, and 2025 will mark Memphis’ fourth year hosting a Playoffs event. Since 1970, Memphis’ PGA TOUR stop has raised more than $80 million for the tournament’s primary charitable beneficiary, St. Jude Children’s Research Hospital, helping to ensure patients’ families never receive a bill and can focus solely on helping their child.

About PGA TOUR
By showcasing golf’s greatest players, the PGA TOUR engages, inspires and positively impacts our fans, partners and communities worldwide.

The PGA TOUR, headquartered in Ponte Vedra Beach, Florida, co-sanctions tournaments on the PGA TOUR, PGA TOUR Champions, Korn Ferry Tour, PGA TOUR Americas and administers PGA TOUR Q-School presented by Korn Ferry and PGA TOUR University. TOUR members represent the world’s best players, hailing from 28 countries and territories. Showcasing the biggest moments in the sport with history and legacy on the line, the PGA TOUR has long-term domestic distribution partnerships for broadcast coverage on CBS, NBC and Golf Channel and video streaming service on ESPN+. Internationally, PGA TOUR coverage is available across 200+ countries and territories in 30 languages via 39 broadcast and digital partners. Virtually all tournaments are organized as non-profit organizations to maximize charitable giving, and to date, tournaments across all Tours have generated more than $4 billion.

Fans can follow the PGA TOUR  via: the PGA TOUR app and PGATOUR.COM; social media channels, including YouTube, Facebook, Instagram (in Spanish, Korean and Japanese), LinkedIn, TikTok, X (in English, Spanish and Japanese); the PGA TOUR Channel on Free Ad-Supported Television (FAST) platforms such as the Roku Channel, Samsung TV Plus, PlutoTV, Xumo, LG Channels, Tubi, Amazon’s Freevee, FireTV and Alexa devices; and WhatsApp (in English and Spanish),  WeChat, Weibo, Toutiao and Douyin.

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SOURCE First Horizon Bank

LANCASTER, Calif., May 6, 2025 /PRNewswire/ — First Public Hydrogen (FPH2) is proud to announce the appointment of Ernesto Medrano to its Board of Directors. Medrano serves as Executive Secretary of the Los Angeles/Orange Counties Building and Construction Trades Council, a coalition representing over 160,000 skilled workers across 48 local unions and district councils in 14 trades.

With more than three decades of experience in labor advocacy, public infrastructure, and community workforce development, Medrano has led campaigns to advance Project Labor Agreements (PLAs) and Community Workforce Agreements that prioritize collective bargaining and inclusive job access. His work has helped shape hundreds of high-impact construction and clean energy projects throughout California, including initiatives with LA Metro Transit, LA World Airports, and the ARCHES Hydrogen Alliance.

“Ernesto brings unparalleled experience in workforce development and a deep commitment to ensuring that clean energy investments create long-term, quality jobs,” said R. Rex Parris, Chairman of First Public Hydrogen. “His leadership in organizing labor standards for transformative infrastructure projects makes him an ideal partner as we scale hydrogen deployment across California.”

Prior to his current role, Medrano served as the Council’s Representative for Orange County from 2015 to 2023, transforming the region into a hub of union activism through successful Community Workforce Agreements in cities like Anaheim, Irvine, and Santa Ana. He began his career with the United Farm Workers and the AFL-CIO, later joining the Teamsters and serving as political coordinator for Local 952.

“Hydrogen holds enormous promise for the future of clean energy and job creation,” said Ernesto Medrano. “I’m honored to join FPH2’s board and help advance a model that pairs decarbonization with opportunity, equity, and strong labor standards.”

Medrano was born and raised in East Los Angeles and served in the Marine Corps Reserve during the 1980s. He is a recipient of the Labor Council for Latin American Advancement’s Lifetime Achievement Award and holds a degree in Spanish and Chicano Studies from UC Riverside.

About First Public Hydrogen

The First Public Hydrogen Authority (FPH2) is the United States’ first public hydrogen utility, designed to connect hydrogen producers with end users through a transparent, cost-effective model. As a Joint Powers Authority (JPA), FPH2 facilitates hydrogen procurement, delivery, and infrastructure development, helping municipalities, transit agencies, and private companies transition to clean energy. By aggregating demand and fostering strategic partnerships, FPH2 makes hydrogen adoption easier and more affordable.

Join us in shaping the future of clean energy. Learn more or become a member at FirstPublicH2.com.

Media Contact

Alexus Merino
Director, First Public H2
661-723-6081
amerino@fph2.org

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SOURCE First Public Hydrogen

Innovative new product swiftly extinguishes fires, conserves water, minimizes damage, and ensures firefighter safety.

CANTON, Ohio, May 6, 2025 /PRNewswire/ — Midwest Industrial Supply, a leader in Earth-conscious chemical manufacturing, today announced its latest innovation — SparkBarrier^®, a Class A firefighting foam approved by the U.S. Forest Service.

SparkBarrier is a highly concentrated foaming agent that gives fire departments a tactical advantage in attacking, containing, and extinguishing fires quickly.

In addition to improving firefighting efficiency, SparkBarrier helps reduce firefighters’ exposure to airborne toxins and hazardous conditions. Its thorough coverage prevents rekindling, limiting fire spread and the need for excessive water use, which can contribute to property damage.

“Firefighters need a foam they can trust to work quickly and effectively in critical situations,” said Steven Vitale, president of Midwest Industrial Supply. “SparkBarrier was designed to outperform low-cost alternatives while offering a better price point than other premium foams. We’re proud to provide a reliable, high-performance solution backed by decades of proven expertise.”

SparkBarrier works by clinging to surfaces and seeping deep into burning materials, reaching stubborn hot spots more effectively than water alone. The bubbles increase heat absorption, cooling surfaces faster, while the foam blanket traps vapors, preventing smoke and the risk of reignition. By reflecting radiant heat, the product also helps protect nearby structures and areas at risk.

Biodegradable and free from harmful PFOS/PFOA chemicals, SparkBarrier meets the requirements for the U.S. Forest Service’s Qualified Products List. The new product’s ability to maximize water efficiency makes it especially valuable in wildfires and rural areas with limited water resources.

SparkBarrier works with standard water delivery systems and can be injected directly into the water stream with proper proportioning equipment. The product is now available for municipal fire departments, wildfire response teams, and industrial firefighting applications.

SparkBarrier is five times more effective at extinguishing fires than water alone. Water treated by the product wets combustibles up to 20 times faster. SparkBarrier reduces exposure to airborne toxins by up to 90%.

Learn more at www.sparkbarrier.com.

About Midwest Industrial Supply
Midwest Industrial Supply has been a trailblazer in the fields of dust control, soil stabilization, rail lubrication, and anti-/deicing products for nearly five decades. With a rich history of industry innovation, Midwest has consistently led the way with breakthrough technologies, like firefighting foam, maintaining its competitive edge. Follow Midwest on LinkedIn.

For more information, contact:
Mark Vandegrift
Media Contact for Midwest Industrial Supply
Innis Maggiore
P: 330-492-5500, ext. 8164
Email Mark Vandegrift

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SOURCE Midwest Industrial Supply

WASHINGTON, May 6, 2025 /PRNewswire/ — On Saturday, May 17, 2025, National Park Trust will commemorate the 15th anniversary of Kids to Parks Day. This grassroots national day of park appreciation encourages kids and families to discover, explore, and celebrate their local, state, and national parks.

To coincide with the 15th anniversary, National Park Trust is launching its newly updated ParkPassport mobile app. The app allows users to easily find the information needed to locate a local, state, or national park or national marine sanctuary near them and earn park badges.

We know that kids need parks, and parks need kids. For 15 years, Kids to Parks Day has inspired families to get outside, connect with nature, and support the parks they love. In 2025, that mission is more important than ever,” said Grace Lee, executive director of National Park Trust.

Kids to Parks Day has grown in engagement every year. The United States Senate has passed bipartisan resolutions of support each year, thousands of cities and towns in all 50 states have hosted Kids to Parks Day events over the years, and millions of children have participated in park events across the country.

“Spending time enjoying our public lands and parks plays a vital role in children’s health and well-being. We also believe that kids who grow up exploring parks are more likely to become the future stewards these spaces need to thrive,” added Lee.

To learn more about the 15th annual Kids to Parks Day, find events near you, and download free park activity guides for all ages, visit parktrust.org/kids-to-parks-day.

ABOUT NATIONAL PARK TRUST
National Park Trust’s mission is to preserve parks today and create park stewards for tomorrow. Since 1983, the Park Trust has acquired many of the missing pieces of our national parks, benefiting 55 national park sites across the country. Our national youth education and family initiatives, including our Buddy Bison, College Ambassador and Military Family Programs, and National Kids to Parks Day, serve tens of thousands of children annually and cultivate future park stewards. We believe our public parks, lands, and waters should be cared for, enjoyed, and preserved by all for current and future generations. Find out more at parktrust.org.

MEDIA CONTACT: Ivan Levin at 540.818.5818 or ivan@parktrust.org 

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SOURCE National Park Trust

ST. CHARLES, Mo., May 6, 2025 /PRNewswire/ — May marks Mental Health Awareness Month—a time to recognize the emotional challenges faced by millions, including our nation’s veterans. In honor of this important month, Recon Supply, a Service-Disabled Veteran-Owned Small Business (SDVOSB), and Harvard MedTech, a leader in virtual reality-based trauma recovery, proudly celebrate their partnership in bringing Vx Therapy® directly into the homes of veterans across the country.

Vx Therapy® is a non-invasive, in-home therapy program that supports recovery from trauma-related conditions such as chronic pain, anxiety, depression, sleep disturbances, and PTSD-related symptoms. Delivered through a virtual reality headset, the program offers immersive, guided content that helps retrain the brain’s response to pain and distress — without requiring internet, Bluetooth, or travel to a clinic.

This approach is not only accessible, it’s effective. Veterans participating in the Vx Therapy® program report an average of over 30% improvements in each of the following categories: pain, anxiety, depression, sleep quality/duration, and PTSD-related symptoms.

“This May, we’re proud to take meaningful action during Mental Health Awareness Month,” said Steve Clark, CEO of Recon Supply. “Our partnership with Harvard MedTech reflects our shared mission to ensure no veteran is left behind when it comes to accessing mental health and trauma care — especially those in rural or underserved communities.”

Harvard MedTech’s mission is to reduce human suffering by promoting holistic, organic healing in place of, or in conjunction with, surgery and medications. Recon Supply complements this vision with deep logistical expertise, a veteran-led team, and a longstanding commitment to supporting military families and healthcare professionals.

Shan Padda, Founder and CEO at Harvard MedTech, added: “Mental Health Awareness Month is not just a time to reflect — it’s a call to act. Through this partnership, we are expanding access to innovative, evidence-based care for the veterans who have given so much. With Vx Therapy®, healing is not a hope — it’s within reach.”

To learn more about Vx Therapy® and this initiative, visit www.harvardmedtech.com or contact questions@harvardmedtech.com.

About Recon Supply
Recon Supply is an SBA-certified Service-Disabled Veteran Owned Small Business (SDVOSB), demonstrating its commitment to serving the country both in and out of uniform. The company takes pride in its veteran-led team and its dedication to providing exceptional service to military and government clients. For more information on Recon Supply’s offerings, visit www.Recon-Supply.com or contact Recon Supply at 314-317-0300

About Harvard MedTech
Harvard MedTech is committed to honoring and serving our veteran community by delivering innovative, accessible care that addresses both physical and emotional trauma. Our breakthrough digital health solution, Vx Therapy®, combines the latest neuroscience with immersive virtual reality, psychosocial support, and ongoing digital engagement—all delivered directly into the comfort of a veteran’s home.

Designed to meet the unique needs of those who have served, Vx Therapy® is the first modality to fully integrate this combination of technologies with proven behavioral health strategies. The result is high engagement, meaningful symptom relief, and measurable improvement in quality of life. This non-invasive, drug-free program is scalable across large populations, affordable for systems of care, and designed to drive outcomes that matter. Outcome reporting provide transparency and value for both veterans and their providers.

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SOURCE Recon Supply

Campus Hearing Acoustics promotes international exchange of hearing health expertise

LÜBECK, Germany and AMMAN, Jordan, May 6, 2025 /PRNewswire/ — A Lübeck Campus Hearing Acoustics team of experts took part in the 11^th Arab Hearing Health Conference (AHH 2025) organized by the Advanced Arab Academy of Audiovestibular, held in Amman, Jordan, from April 24 to 26, 2025.

With more than 25 member countries, the AHH expert conference is one of the most important meetings for hearing aid professionals, audiologists and ENT specialists in the Middle East and North Africa. As the world’s biggest center of training and expertise in the hearing acoustic trade, the Lübeck Campus Hearing Acoustics has been an active partner in the exchange of hearing health expertise for years. Once again, a committed and experienced team of lecturers from the Lübeck campus offered workshops during this year’s AHH in Amman about practical aspects of taking ear molds and cerumen management. These topics and the practice-relevant hands-on training by the Lübeck experts were met with great interest by the expert audience, which had travelled to the conference mainly from Arab and North African countries.

The Advanced Arab Academy of Audiovestibular (4A), organizer of the AHH, unites medical and audiological interests from the entire middle Eastern region in the field of hearing impairment rehabilitation. The five partners of 4A include the Jordanian Al-Ahliyya Amman University, the British Academy of Audiology, the Egyptian Audio-Vestibular Medicine Association Group, the American Salus University as well as the Academy of Hearing Acoustics on the Lübeck Campus. For years the Lübeck experts have been in a professional exchange with the 4A audiologists on training-relevant aspects and topics like clinical care, adjustment of cochlea implants (CI) and technical hearing system customization.

“The Arab Hearing Health Congress offers an indispensable platform for the global exchange of knowledge in hearing care. The expertise and high standards of the partners, including the Federal Guild of Hearing Aid Acousticians and the Academy of Hearing Acoustics in Germany, can provide valuable impetus for the further development of hearing care in the Arab region and lead to a sustainable improvement in the quality of life of many people,” says Dr. Khalid A. Hadi, President of 4A and Chairman AHH.

“Networking and exchange of knowledge beyond national borders and continents, are crucial for us as WHO partners, in order to continue to improve the care for people with hearing defects world-wide,” says Jakob Stephan Baschab, General Manager, German Federal Guild of Hearing Aid Acousticians (biha) and Director of Academy of Hearing Acoustics (afh). “The qualification of skilled workers is a deciding factor. Our concept of dual vocational training in hearing acoustics is internationally renowned. Through the Campus Hearing Acoustics, we share our expertise in Germany and other countries.”

According to the World Health Organization (WHO), 5 percent of the world population, i.e., approx. 430 million people, suffer from a hearing loss, among them 34 million children. Based on estimates, this means that by 2050, more than 700 million people, every 10th person [1] will be impacted.

In Germany the Hearing Acoustic craft (with approx. 19,500 hearing aid acousticians), provides professional care for roughly 3.5 million hearing impaired people and provides them with high-quality, fully digital hearing systems and hence improves their quality of life. Apprentices in the hearing acoustic craft from all over Germany attend the vocational school and the industry-wide training classes, during their dual-system of apprenticeship, on the Lübeck Hearing Acoustics Campus.

[1] WHO, Deafness and hearing loss, key facts, 26.02.2025:

https://www.who.int/news-room/fact-sheets/detail/deafness-and-hearing-loss

Background information on Campus Hearing Acoustics

The Campus Hearing Acoustics is the central training and continued education center of the Hearing Acoustic trade in Germany.  Within an internationally unique inter-campus cooperation of the Federal Vocational school (LBS) and the Academy (afh), which exists since 1971, young hearing aid professionals from all over Germany receive their practical and theoretical training on campus. Intermediate and journeyman/woman exams, as well as Master Craftsman/woman classes and examinations are held there, too. The Campus Hearing Acoustics and the dual system of apprenticeship are exemplary worldwide.

Further information on Campus Hearing Acoustics:
https://www.afh-luebeck.de/en/academy-international/

Information on the vocational training in the hearing acoustic craft:
https://www.afh-luebeck.de/en/beruf/

– Picture is available at AP –

Press contact: Nadine Röser, German Federal Guild of Hearing Aid Acousticians (biha), roeser@biha.de

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SOURCE German Federal Guild of Hearing Aid Acousticians (biha)

LOS ANGELES, May 6, 2025 /PRNewswire/ — ColdVentures, a medical device company dedicated to combating heat-related illnesses, today announced the appointment of Dr. Barrak Alahmad, MD, MPH, PhD, as a strategic advisor. Dr. Alahmad is an instructor in the Department of Environmental Health at the Harvard T.H. Chan School of Public Health, with extensive expertise in the health impacts of climate change, particularly extreme heat and air pollution.

“Dr. Alahmad’s pioneering research on climate-related health impacts, coupled with his deep experience working internationally, will be crucial as we expand ColdVest’s reach into new regions,” said Tracie Wagman, ColdVentures CEO. “His expertise will guide our efforts in addressing heat-related health risks on a global scale, ensuring our solutions effectively meet the needs of diverse communities worldwide.”

Dr. Alahmad’s research has significantly advanced the understanding of environmental exposures and their health impacts. His studies have highlighted the increased risks of cardiovascular events and hospitalizations due to extreme heat and air pollution, particularly in regions like the Middle East. He holds a medical degree from the University of Liverpool, a Master of Public Health from Johns Hopkins University, and a PhD from Harvard University. Prior to his academic pursuits, Dr. Alahmad practiced medicine at the Directorate of Public Health, Ministry of Health, Kuwait.

“ColdVest represents a critical innovation in protecting individuals from the escalating threats of heat-related illnesses,” stated Dr. Alahmad. “I am eager to collaborate with ColdVentures to enhance the reach and efficacy of this life-saving technology, especially among populations most vulnerable to climate change.”

ColdVest technology employs patented endothermic cooling methods, requiring no electricity, refrigeration, or special storage. In under three minutes, it can reduce an individual’s core body temperature by up to five degrees, providing immediate, life-saving relief during heat-related emergencies.

About ColdVentures

ColdVentures develops advanced medical technologies to prevent heat-related illnesses and deaths. Its proprietary ColdVest device rapidly reduces core body temperature, offering immediate relief in critical situations. To learn more, visit coldvest.com.

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SOURCE ColdVest

Upgrade Your Home Protection in May with Leak Alert™ Electronic Water Detectors Providing Early Warning Against Water Damage

CAMPBELL, Calif., May 6, 2025 /PRNewswire/ — Zircon Corporation (OTCQX:ZRCN), a Silicon Valley-based technology innovator providing 50 years of precision with its electronic hand tools, offers an extensive line of Leak Alert™ water detectors designed to provide critical protection. These advanced detection devices can help homeowners and property managers discover water leaks before they cause significant and costly damage.

According to the Insurance Information Institute (www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance), water damage and freezing account for nearly 24% of all homeowners’ insurance claims, with the average claim costing $11,098. Water damage ranks as the second most common homeowners’ insurance claim, with one in 50 homes filing a claim yearly. Even more concerning, water leaks in homes waste nearly 1 trillion gallons of water annually in the United States, according to the Environmental Protection Agency (www.epa.gov/watersense/fix-leak-week).

Zircon Leak Alert™ water detectors can detect even the smallest amount of water or moisture.

Leak Alert™ Electronic Water Detector – This stand-alone water detector alerts users with a loud alarm when it detects moisture. It’s ideal for placement near water heaters, washing machines, dishwashers, and under sinks. Powered by a 9V battery, the Leak Alert™ electronic water detector provides an affordable first line of defense against water damage.

Leak Alert™ WiFi Smart Water Detector – Zircon’s flagship water detector combines reliable leak detection with cloud-based communications and Wi-Fi modules. The Leak Alert™ WiFi includes a customizable and expandable system based on the user’s needs, and operates without the need for an external hub, subscription fees, or specialized app. It’s one of the most cost-effective smart water detectors on the market. When water is detected, the device sounds a powerful 105 dB alarm, while sending email alerts to contacts designated by the user. Powered by a 3V lithium battery, it can provide audible and visual alerts for up to 8 hours, even during power outages. A low-battery indicator is included for optimal safety.

Leak Alert™ X Smart Water Detector – This innovative smart water detector operates similarly to the Leak Alert™ WiFi but features a unique two-part design with a main unit connected to a water-sensing probe via a 9.8ft (3m) cable. It’s ideal for single family homes, multi-unit apartments, office buildings, rental properties, hotels, and schools. Powered by a long-life 3V Lithium battery, the Leak Alert™ X smart water detector sensor can be placed anywhere the potential for flooding or leaks exists, while keeping the alarm unit accessible via its built-in magnet or integrated mounting plate.

Zircon water detectors build on the company’s 50-year legacy of electronic tool innovation. Since introducing the world’s first electronic stud finder in 1980, Zircon has developed over 80 global patents and Registered Designs. It continues to apply its sensor-based technology expertise to solve practical household problems.

Zircon Leak Alert™ water detectors are available at major retailers, including The Home Depot, Lowe’s, True Value Hardware, Amazon.com, and directly through Zircon.com. Prices start at $16.

For more information about Zircon and its complete line of electronic tools, visit www.zircon.com.

About ZRCN, Inc.
ZRCN Inc., through its wholly-owned subsidiary Zircon Corporation, is a global manufacturer and seller of electronic hand tools, including stud finders, metal detectors, electrical scanners, water detectors, and other innovative electronic tools. Zircon has been a technology leader in its field since its inception, leveraging over 80 global patents and registered designs based on sensor and semiconductor-based technologies. In 2025, the company celebrates its 50th anniversary, marking a legacy of industry innovation and a commitment to quality for customers worldwide. To learn more, visit investors.zrcn.com or zircon.com

Media Contact:
Sara Trujillo
Trujillo Public Relations
sara@trujillopr.com
917-295-5491

Sources: Insurance Information Institute (www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance), Environmental Protection Agency (www.epa.gov/watersense/fix-leak-week)

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SOURCE Zircon Corporation

TEANECK, N.J., May 6, 2025 /PRNewswire/ — Divorce can be one of life’s most isolating experiences, especially for Black and brown women who often lack access to culturally relevant resources and support. That’s why Livd, a multi-platform community, is stepping up to change the narrative. With the launch of its new website and online community, Livd has become a one-stop shop, offering a robust resource hub featuring vetted lawyers, mediators, mental health practitioners, fitness experts, books, helpful apps and more—all designed to empower women as they navigate separation and rebuild their lives with confidence.

At the heart of Livd is the Livd Stories Podcast, now in its second season. Through deeply personal and candid conversations, the podcast shares the real-life experiences of women navigating divorce, providing not just inspiration but also practical wisdom. Listeners can expect to gain insights into recognizing red flags in relationships, the importance of maintaining individuality within a marriage, and strategies for managing life-altering changes such as separation. Just in time for Mental Health Awareness Month and Mother’s Day, the latest episode dives into the emotional toll of divorce, exploring grief, shame, and guilt—three emotions that often go unspoken but weigh heavily on women experiencing this transition. With expert guidance and real-life stories, the episode offers listeners tools to process these feelings and move toward healing. Livd Stories creates a safe and uplifting space where listeners can hear from others who have walked the same path and emerged stronger. The podcast is available on Apple Podcast, YouTube, Spotify or wherever you listen to podcasts.

According to the U.S. Census Bureau, the national divorce rate declined from just over 10.0 in 2008 to about 7.0 in 2022. Despite this decline, divorce remains a challenging journey, often leaving individuals feeling isolated. Recognizing the unique challenges faced by women of color, Livd was created to provide a safe and uplifting space where women can find solace and guidance.

“Divorce isn’t just a legal process; it’s an emotional upheaval that shakes the very core of one’s identity,” says Liv Lewis, founder of Livd. “I wanted to create a platform where Black and brown women could see themselves, share their stories, and realize they’re not alone on this journey.”

By combining the Livd resource hub with the power of storytelling through Livd Stories, Livd is creating a community and revolutionizing how Black and brown women experience and recover from divorce. Whether seeking legal guidance, mental health support, or the reassurance of shared experiences, Livd emerges as a guiding light for women seeking community, resources and support.

About Livd

Livd is a multi-platform community dedicated to providing Black and brown women navigating marital separation or divorce with trusted resources and support. Through its newly launched website and resource hub, Livd offers vetted professionals and tools to help women rebuild. The Livd Stories Podcast, now in its second season, shares powerful, personal narratives that inspire resilience and hope.

For more information, visit https://livd.co.

PRESS CONTACT
Ayodele MacFoy
9175800667
393933@email4pr.com

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SOURCE Livd

Financing to accelerate SolarBank’s growth as an owner of solar power projects in the U.S.

TORONTO, May 6, 2025 /PRNewswire/ – SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) (“SolarBank” or the “Company”) announced today that CIM Group (“CIM“), a real estate and infrastructure owner, operator, lender and developer, and the Company have entered into a Mandate Letter providing for up to US$100 million in project based financing for a portfolio of 97 MW of solar power projects located in the United States (the “Transaction“). The Transaction will be structured as a preferred equity investment into a newly formed entity (“New HoldCo“) that will be a joint venture between CIM and Abundant Solar Power Inc. (“ASP“), a wholly-owned subsidiary of SolarBank. No shares or other securities of SolarBank will be issued in connection with the Transaction.

“The financing is another major milestone in SolarBank’s plans to grow its status as an independent power producer. Assuming full funding, SolarBank will retain a majority ownership interest in what is expected to be 21 solar energy projects with a total capacity of 97 MW,” said Dr. Richard Lu, President and CEO of SolarBank. “The Transaction has been structured such that SolarBank does not have to issue any new shares, as the financing is being completed at the project company level.”

“CIM Group has a long history of developing and investing in essential infrastructure projects that seek to benefit communities and the environment,” said Kyle Hatzes, Managing Director, Infrastructure & Impact Investments, CIM Group. “This transaction with SolarBank to grow its portfolio of solar projects underscores our ongoing commitment to the renewable energy sector and our focus on supporting innovative companies leading the energy transition across North America.”

CIM shall acquire non-convertible preferred equity interests in New HoldCo (the “CIM Equity“). Pursuant to a membership interest purchase agreement to be entered into by New HoldCo and ASP, New HoldCo will purchase the membership interests of identified project companies that wholly own 97 MW of power generating capacity (the “Portfolio” or the “Projects“) directly or indirectly from ASP, subject to the satisfaction of customary conditions precedent. New HoldCo would advance 20% of the purchase price for each Project at mechanical completion of such Project, and 80% at substantial completion of such Project.

Each Project is anticipated to sell investment tax credits (“ITCs“) to one or more creditworthy third-party buyers pursuant to one or more tax credit transfer agreements in accordance with the requirements of Section 6418 of the Internal Revenue Code of 1986, as amended (the “Code” and each a “TCTA“).

CIM shall receive a coupon, payable semi-annually, equal to 3% (annually) of the aggregate investment and, subject to certain distributions detailed below, the remainder of the cashflow generated from the Portfolio shall be distributed to ASP. CIM shall retain 100% of the TCTA sales. In the event of liquidation, casualty or similar condemnation event the proceeds shall be distributed based on prior contributions of the parties. New HoldCo has the right to redeem the CIM Equity based on the greater of fair market value or a multiple of invested capital beginning 180 days after the fifth anniversary of the date the last Project is placed in service (the “Call Option“). If the Call Option is not exercised, CIM has the right to require a redemption of the CIM Equity at the lower of fair market value or a multiple of invested capital.

There are several risks associated with the Transaction and development of the Projects. The development of any project is subject to receipt of interconnection approval, receipt of a community solar contract, required permits, the continued availability of third-party financing arrangements for the Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic. The Transaction is subject to the execution of definitive documentation setting out all of the representations, warranties, covenants and conditions precedent associated with the Transaction. There is a risk that definitive documentation may not be executed or that the conditions precedent to the Transaction are not satisfied. In such case, no funding will be advanced under the terms of the Transaction. SolarBank will also need to secure the financing required to develop the Projects to mechanical completion and substantial completion, as prior to such milestone none of the funding from the Transaction will be available. Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the Project and statements made in this press release.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

About SolarBank Corporation

SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. To learn more about SolarBank, please visit www.solarbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, “forward-looking ‎statements”) that relate to the Company’s current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will ‎continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ‎‎”projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this news release ‎contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the Company’s growth strategies the expected energy production from the solar power projects mentioned in this press release; the terms of the Transaction, including the size of the potential financing and its expected structure; the receipt of interconnection approval, permits and financing to be able to construct the Projects; the receipt of incentives for the Projects; and the size of the Company’s development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this news release should not be unduly relied upon. These ‎statements speak only as of the date of this news release.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: the execution of definitive documentation for the Transaction; the satisfaction of all conditions precedent for the Transaction; obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Forward-‎Looking Statements” and “Risk ‎Factors” in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the failure to execute definitive documentation for the Transaction; the failure to satisfy all conditions precedent for the Transaction; the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the impact of tariffs; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any future global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this news release are expressly qualified in their entirety by ‎this cautionary statement.‎

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SOURCE SolarBank Corporation