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Day: May 22, 2025

Velan Inc. Reports Fiscal 2025 Fourth Quarter and Year-End Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Significant full year improvement in bookings1, sales, gross profit and cash flow generationDividend of CA$0.33 per share including a special dividend of CA$0.30 per share, partially returning proceeds from recent transactions to shareholders MONTREAL, May 21, 2025 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its fourth quarter and fiscal year ended February 28, 2025. All amounts are expressed in U.S. dollars unless indicated otherwise. “Velan achieved its financial objectives in fiscal 2025, concluding the year with sales growth from continuing operations of 14.1%, a significant improvement in gross profit, adjusted net income and adjusted EBITDA,” said James A. Mannebach, Chairman of the Board and CEO of Velan. “Following...

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Inmarsat Provides NexusWave to Mitsui O.S.K. Lines to Help Accelerate Onboard Digitalisation Strategy

Written by Customer Service on . Posted in Public Companies.

Inmarsat’s fully managed bonded connectivity service will support transformation of MOL vessels into floating offices and homes to meet evolving operational and crew connectivity needs CARLSBAD, Calif., May 21, 2025 (GLOBE NEWSWIRE) — Inmarsat Maritime, a Viasat company, has signed an agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to upgrade their fleet from Fleet Xpress (FX) service to Inmarsat’s NexusWave. This fleet-wide transition to NexusWave will allow MOL to benefit from Inmarsat’s fully managed bonded connectivity service and accelerate the digitalisation strategy of the leading Japanese shipping company. Local Inmarsat partner JSAT MOBILE Communications will be responsible for implementing and supporting the upgrades on board, covering a fleet that includes liquefied natural gas (LNG) carriers, oil tankers, and car carriers. In...

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