Month: February 2025

This is an ad hoc announcement pursuant to Article 53 of the Listing Rules (LR) of the SIX Exchange Regulation AG. 2024 developed differently from region to region for Feintool and was characterized by a significant decline in demand in the European automotive and industrial sectors. Within this context, the Feintool Group generated sales of CHF 720 million (-15.1 % previous year). The positive developments in North America and Asia only partially compensated for the economic and structural weakness in Europe. The operating result (EBIT) before one-off effects was slightly negative (CHF -2.2 million). Restructuring costs related to the strategic adjustment of our European manufacturing footprint had a negative impact of CHF -47.1 million on the result. Overall, the operating result (EBIT) amounted to CHF -49.3 million. Feintool managed...

SINGAPORE, Feb. 27, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG), a leader in efficient altcoin mining solutions, hosted an Ask Me Anything (AMA) session on X with Aleo co-founder and CEO of Provable, Howard Wu, to explore the future of crypto mining, hardware acceleration, and zero-knowledge proof (ZKP) advancements. The discussion underscored ICG’s role in shaping next-generation mining technologies and expanding the Aleo ecosystem. Goldshell, a subsidiary of ICG is excited to contribute to the Aleo ecosystem by providing mining hardware that complements Aleo’s vision. Goldshell’s AE BOX Series: The First ASIC Miner for ALEO ICG, through Goldshell, launched the AE BOX and AE BOX PRO on 7 February 2025, as the first mining products designed specifically for ALEO, marking a milestone for Aleo in advancing decentralised,...

WEST KELOWNA, British Columbia and BONHAM, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) — Kelso Technologies Inc (TSX: KLS) today announced that its Board of Directors has approved the budget for fiscal year 2025. The company anticipates sales growth to be flat to slightly positive, in the range of 0% to 5%, compared to fiscal year 2024. For FY2024, the Company expects to report revenue of $10.7 million. A key focus for FY2025 will be maintaining cost discipline as the company prepares for the anticipated upswing in new tank car builds expected to begin starting 2026. This strategic approach will position the company to capitalize on the increased demand and maximize profitability. “We are pleased to have reached a consensus on a budget that supports our strategic objectives for 2025,” said Paul Cass, Lead Independent Director....

HUZHOU, China, Feb. 26, 2025 (GLOBE NEWSWIRE) — LZ Technology Holdings Limited (“LZ Technology” or the “Company”), an information technology and advertising company, today announced the pricing of its initial public offering of 1,800,000 Class B ordinary shares, par value $0.000025 per share (the “Class B Ordinary Shares”), at a public offering price of $4.00 per share. The Company’s Class B Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on February 27, 2025 under the ticker symbol “LZMH.” The Company expects to receive aggregate gross proceeds of US$7.2 million from this offering, before deducting underwriting discounts and offering expenses payable by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 270,000 Class B...

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — Chijet Motor Company, Inc. (NASDAQ: CJET) (the “Company” or “Chijet”), a high-tech enterprise engaged in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles (“NEV”) today announced that, on February 13, 2025, it received a Staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the Staff’s determination to delist the Company’s securities from The Nasdaq Global Market due to the Company’s failure to regain compliance with: (1) the minimum $50 million market value of its listed securities requirement as set forth in Listing Rule 5450(b)(2)(A); and (ii) the minimum $15 million market value of its publicly held shares requirement as set forth in...