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TraceLink Named to RXinsider’s 2026 Pharmacy500 for Powering Digital Network Orchestration Across the Regulated Pharmacy Supply Chain

The recognition highlights TraceLink’s Business-to-Network Integrate-Once™ platform that enables end-to-end digitalization, interoperable compliance execution, and operational resilience at industry scale

Summary
TraceLink is recognized for delivering a unified, network-based platform that helps pharmacies and their trading partners orchestrate procure-to-pay through an Integrate-Once™ model, automate the identification and reconciliation of recalled products, and operationalize DSCSA regulatory requirements on an industrial-grade foundation designed for mission-critical, regulated processes.

BOSTON, Feb. 19, 2026 /PRNewswire/ — TraceLink, the largest end-to-end digital network platform for intelligent supply chain orchestration, today announced it has been named to RXinsider’s 2026 Pharmacy500 list for the third consecutive year. The Pharmacy500 recognizes companies whose solutions are driving meaningful operational impact across the U.S. pharmacy supply chain.

As pharmacies face increasing drug costs and drug shortages, higher transaction volumes, and growing operational pressure, TraceLink provides a Business-to-Network Integrate-Once™ model that links CMOs, brand manufacturers, wholesalers, logistics providers, health systems, and retail pharmacies through a shared digital infrastructure. Rather than relying on fragmented systems and point-to-point integrations, pharmacies operate regulated workflows—including procure-to-pay processes, DSCSA compliance, compliance exception management, and recall management—directly on the TraceLink network.

“Protecting patients today requires orchestration across many companies, people, processes, and systems. It requires dispensers and their suppliers to work together reliably at scale,” said Shabbir Dahod, President and CEO of TraceLink. “Our platform helps pharmacies and health systems meet DSCSA requirements and orchestrate critical processes such as procure-to-pay and recalls management and move forward with confidence—so pharmacy teams can focus on patient care while the system handles the complexity behind the scenes.”

Digitalizing the End-to-End Pharmacy Supply Chain on an Industrial-Grade Platform Built for Regulated Industries Like Healthcare
With full DSCSA interoperability enforcement now active, pharmacies face operational and financial risk when transaction systems fail to perform at scale. Product holds, inventory shortages, order management exceptions, shipment delays, reconciliation errors, and financial audit exposure directly impact product availability and patient safety.

TraceLink addresses these challenges by enabling pharmacies to digitalize workflows on a single network platform. This shared operational backbone allows pharmacies and their trading partners to operate in real time, coordinate across organizations, and maintain continuous visibility without fragmented systems or point-to-point integrations.

As a result of this network-based execution model, issues such as recalls or compliance exceptions are handled as part of normal operational execution—not as isolated emergency processes. Pharmacies gain faster product identification, more precise targeting, and coordinated partner response, helping to maintain continuity of care while minimizing operational disruption.

Orchestrating Execution at Scale Through an Industrial No-Code Platform
TraceLink’s platform enables pharmacies to move beyond task-level automation to orchestrated execution across trading partners, systems, and regulatory processes.

Built on an industrial, governed no-code platform, pharmacies can orchestrate and adapt network-based workflows that support daily operations and high-impact events without custom development.

Solutions such as Multienterprise Information Network Tower (MINT), Process Orchestration for Empowered Teams (POET), and OPUS Reports and Dashboards operate as native, integrated components of this orchestration layer, enabling visibility, workflow coordination, and performance monitoring without siloed tooling. Critically, for IT teams with already-stretched work backlogs, all OPUS solutions also feature no-code configuration capability for business teams to quickly adapt workflows, user roles, permissions, and other settings to each organization’s needs.

Looking ahead, TraceLink’s platform architecture and end-to-end supply chain orientation are purpose-built to support governed digital AI agents operating alongside pharmacy teams, enabling responsible automation of high-volume compliance and operational tasks under human oversight.

Built for Pharmacy-Grade Reliability and Network Scale
TraceLink’s platform is engineered to support always-on healthcare operations at scale:

  • 99.98%+ availability exceeded via always-on architecture in an active-active-active deployment.
  • 9+ billion EPCIS transactions processed across tens of billions of serialized items.
  • 310,000+ pre-integrated trading partners.
  • Proven performance during DSCSA enforcement milestones with 95% of transactions processed within 1 minute.
  • 73B+ commissioned serial numbers managed.
  • Top-tier ISO, SOC, and CyberVadis results—including zero nonconformances, zero exceptions, and a Platinum CyberVadis rating (993/1,000)—validating the security, compliance, and resilience of TraceLink’s industrial-grade digital network platform.

This industrial-grade infrastructure enables pharmacies to operate with confidence as regulatory complexity and transaction volumes continue to increase.

Being named to RXinsider’s 2026 Pharmacy500 reflects the trust pharmacies place in TraceLink to operate regulated supply chain processes at scale. By combining its B2N Integrate-Once™ model, orchestrated execution, and real-time operational visibility, TraceLink helps pharmacies reduce disruption, maintain continuity of care, and build resilient digital operations for the future. Learn how TraceLink is helping define the next era of pharmacy supply chain operations at https://www.tracelink.com/. 

About TraceLink
TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by linking more than 291,000 healthcare and life sciences entities through its Business-to-Network Integrate-Once™ network. Leading companies trust TraceLink to deliver complete global digitalization, visibility, and traceability of healthcare products, ensuring that every patient receives the medicines they rely on, safely, securely, and on time. 

About RXinsider
Headquartered in West Warwick, Rhode Island, RXinsider is a pharmacist-founded marketing/communications (MARCOM) and market intelligence (INTEL) company focused on pharmacy operations and the companies supporting dispensing pharmacies. Through our publications, digital platforms, market research, and training resources, RXinsider educates pharmacy management and industry professionals on the products, services, and trends that impact pharmacy operations across the supply chain.

PartnerOne Continues Investment in AI with XYPRO Applied AI Technology

RIVERSIDE, Calif., Feb. 19, 2026 /PRNewswire/ — XYPRO, a PartnerOne company and market leader of security and compliance solutions for mission-critical systems, introduces Lionel, an internal AI assistant designed to unlock institutional knowledge across the HPE Nonstop Compute ecosystem. This marks a major milestone in PartnerOne’s applied artificial intelligence strategy.

Over the past year, XYPRO has focused its AI efforts on a specific operational challenge: critical knowledge exists, but it is fragmented, difficult to access, and slow to use. This issue is particularly pronounced in HPE Nonstop Compute environments, where publicly available information is limited and expertise is spread across decades of technical manuals, support tickets, internal systems, and the experience of highly specialized domain experts.

The impact of this fragmentation is slower onboarding, inefficient troubleshooting, and challenges scaling expertise in mission-critical environments.

To address this, XYPRO built Lionel, an AI-powered assistant that provides a single, trusted interface for accessing verified answers drawn from internal and external sources. Lionel enables employees and ultimately customers to ask questions without needing to know where information resides or spending hours searching across systems.

Lionel is already delivering measurable benefits, including:

  • Reduced time to resolution for complex security and compliance support issues
  • Improved access to historical context and institutional knowledge
  • Increased engineering efficiency by minimizing time spent navigating dense technical manuals and documentation

By focusing on trusted data and practical outcomes, Lionel augments human expertise rather than replacing it, supporting the reliability and stability required in regulated enterprise environments.

“This work reflects a shared philosophy across PartnerOne companies,” said Steve Tcherchian, XYPRO CEO. “AI creates the most value when it’s applied with discipline. By focusing AI on real problems and tying it directly to measurable improvements, we unlock knowledge at scale.”

Suzanne Fortman, PartnerOne Vice President added, “AI is core to our investment strategy at PartnerOne, we look for companies and teams that apply technology with focus and intent. XYPRO’s approach to AI is a strong example of how disciplined innovation grounded in real operational needs can strengthen core businesses, leverage institutional knowledge, and create long-term value for customers and partners.”

XYPRO’s approach closely aligns with PartnerOne’s broader strategy of long-term investment, operational excellence, and value creation through focused innovation rather than speculative experimentation. As XYPRO expands its use of AI across the organization and the broader HPE Nonstop Compute market, the company will continue applying this same lens: clear objectives, trusted systems, and tangible business impact.

Through Lionel, XYPRO demonstrates how applied AI can strengthen core operations, protect institutional knowledge, and enhance long-term value for customers, employees, and investors alike.

About PartnerOne:

PartnerOne is one of the fastest growing enterprise software groups in the world. With an “Acquire. Invest. Grow.” philosophy, PartnerOne focuses on long-term growth and customer value. Over 1500 of the world’s largest organizations, including 80% of the world’s largest corporations, have placed their trust in PartnerOne for data protection, cybersecurity, AI, data management and digital transformation. PartnerOne provides a “forever-home” for acquired businesses and helps them thrive with shared resources and sustained investment.  

About XYPRO:

Founded in 1983, XYPRO is a recognized leader in cybersecurity, protecting the world’s most critical data. Trusted by global enterprises, XYPRO delivers industry-leading risk management and compliance solutions for mission critical workloads helping organizations prevent data breaches, reduce risk exposure, and ensure operational resilience. From regulatory compliance to ransomware protection, we partner with customers to secure what matters most – their data.

ELEGRP Showcased Four Core Electrical Technologies at IBS 2026

ORLANDO, Fla., Feb. 19, 2026 /PRNewswire/ — ELEGRP, the world’s leading manufacturer of electrical supplies, presented its four advanced electrical technologies and their applications at IBS 2026, demonstrating technology-driven, scenario-focused innovations that enhance safety, efficiency, and user experience in the residential electrical sector.

ELEGRP presented its four advanced electrical technologies and their applications at IBS 2026.
ELEGRP presented its four advanced electrical technologies and their applications at IBS 2026.

“At ELEGRP, technical innovation starts on the jobsite-by understanding how electrical products are actually installed, used, and relied on every day,” said Jonson Guo, Senior Product Manager at ELEGRP. “We focus on translating real-world installation feedback and user needs into practical, code-compliant solutions. The technologies and applications we’re showcasing at IBS are designed to solve common jobsite challenges while improving reliability, ease of installation, and long-term performance.”

The four technologies and their key applications are as follows:

PBE ™ Intelligent Protection Technology

PBE™technology centered on precision current detection and millisecond-level response protection, builds a comprehensive, multi-layered safety system for various electrical applications. By integrating intelligent monitoring with proactive protection mechanisms, PBE™ continuously tracks plug and connector temperatures and monitors ground voltage in real time when applied to EV chargers, preventing overheating and electrical leakage.

Extended to heavy-duty extension cords and GFCI outlets, PBE™ incorporates overload protection, high-frequency self-testing, and long-term durability and others features that surpass industry standards, redefining electrical safety for both residential and professional installations.

LEDPro ™ Advanced Dimming Technology

LEDPro™ is ELEGRP’s most advanced dimming technology, featuring key innovations such as zero-noise drive, single-wire installation, and wide-range dimming, etc. It delivers smooth, silent dimming even at low brightness levels, ensuring consistent and high-quality illumination.

The EDM25 Multi-Location Dimmer Switch, powered by advanced LEDPro™ technology, elevates LED dimming to a whole new level. At the show, attendees experienced it firsthand, praising its exceptional smoothness, silence and flicker-free performance.

SnapON ™ Fast-Charging Technology

SnapON™ is more than just a fast-charging technology. It combines stable high-power output with intelligent power distribution, allowing multiple devices to charge simultaneously without compromising speed or system stability.

Widely applied in the USB Elite series and EV charger, SnapON™ delivers safe, reliable, and convenient charging solutions for homes, offices, and commercial applications.

TrapConnect ™ Quick-Wiring Technology

Quick and reliable installation is a key priority for contractors and DIY enthusiasts. TrapConnect™ streamlines the wiring process by eliminating screws and enabling tool-free connections. With a simple “Insert—Trigger—Done” operation, connections can be completed in seconds and secured firmly thanks to strong steel springs that grip the wires tightly.

This year, ELEGRP showcased the upgraded series, which features improved ergonomics and stability. The new design is sleeker and more user-friendly, offering a faster, and more intuitive installation experience.

“ELEGRP has always focused on addressing real industry challenges and delivering practical solutions for our customers,” said James, VP of Sales and Marketing at ELEGRP. “From our very beginnings, technology innovation has been at the core of everything we do, and we will continue to push boundaries to bring safer, smarter, and more reliable solutions to the market.”

About ELEGRP

Founded in 2000, ELEGRP is a world-leading manufacturer of intelligent electrical and electromechanical equipment, including residual-current devices, wiring devices, smart home devices, wires and cables, domestic water pumps and more. Its products are widely used in household appliances, personal care appliances, smart bathrooms, power equipment, and building electrical systems.

ELEGRP now operates in more than 40 countries and regions worldwide. With a user-centered approach, ELEGRP commits to improving electrical appliance safety, expanding smart appliance and smart home applications, and providing users around the world with safer and more convenient products, services, and solutions.

For more information, please visit https://www.elegrp.com/ and follow ELEGRP on LinkedIn, Instagram, Facebook, and YouTube.

Autoliv publishes its Annual Report for 2025

STOCKHOLM, Feb. 19, 2026 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, has filed its 2025 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC).

The Form 10-K is available at www.sec.gov and www.autoliv.com. Autoliv has filed the same report with the Swedish Financial Supervisory Authority – Finansinspektionen.

Shareholders can receive a hard copy of the complete audited financial statements free of charge by e-mailing their request to: ir@autoliv.com  

Autoliv will publish its 2025 Annual Sustainability Report on www.autoliv.com in mid-March 2026.

Inquiries:
Investors & Analysts: ir@autoliv.com
Anders Trapp, Tel +46 709 578 171, Henrik Kaar, Tel +46 709 578 114
Media: media@autoliv.com
Gabriella Etemad, Tel +46 70 612 64 24, Emelie Ericson, Tel +46 70 957 81 35

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world, as well as mobility safety solutions, such as commercial vehicles and electrical safety solutions. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2025, our products saved approximately 40,000 lives and reduced around 600,000 injuries.

We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 64,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2025 amounted to $10.8 billion. For more information go to www.autoliv.com.

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

https://news.cision.com/autoliv/r/autoliv-publishes-its-annual-report-for-2025,c4308862

The following files are available for download:

https://mb.cision.com/Main/751/4308862/3943329.pdf

ALV_AR_2025_SingelPages_K10_Final

https://mb.cision.com/Main/751/4308862/3943330.zip

A23RUXWKASG834LTMK28-2025-12-31-1-en.zip

 

NYSE Content Update: AI Behemoth Anthropic Valued at $380 Billion after Series G

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Feb. 19, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

O’Leary Ventures Chairman Kevin O’Leary to join Live.

Kristen Scholer delivers the pre-market update on February 19th

  • Equities are little changed after technology shares boosted the major indices on Wednesday, February 18, 2026.
  • AI unicorn Anthropic scooped up $30 billion in fresh funding a week ago, pushing its valuation to $380 billion post-money.
  • Actor and investor Kevin O’Leary will join NYSE Live this morning to talk his latest venture: expanding compute power in Utah.
  • ‘Bar Rescue’ host Jon Taffer to record an ‘Inside the ICE House’ podcast, covering season 10 of the show and his business insight.

Opening Bell
Centrus Energy (NYSE: LEU) celebrates the launch of a multi-billion-dollar expansion of its uranium enrichment plant in Ohio

Closing Bell
Aris Mining (NYSE: ARIS) celebrates its uplisting to the NYSE and its ticker symbol change

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

NYSE congratulates Anthropic on its funding.
NYSE congratulates Anthropic on its funding.

 

Hong Kong Lela Cultural Copyright Ltd. Officially Launches in Hong Kong

2026 Leading Chinese Culture and Reaching New Heights in Media Excellence

HONG KONG, Feb. 19, 2026 /PRNewswire/ — The global wave of digital transformation in the cultural industry, Hong Kong Lela Cultural Copyright  Ltd. (Lela Cultural) officially held its product launch conference on 13rd February 2026. Guided by the core values of integrity, innovation, cooperation, and mutual success, the company is dedicated to building a high-quality reading platform focused on cultural copyright trading and management. Its mission is to advance the treasures of Chinese literature into the global market through professional commercial operations.

Group photo featuring guests at the inauguration ceremony of Hong Kong Lela Cultural Copyright  Ltd.
Group photo featuring guests at the inauguration ceremony of Hong Kong Lela Cultural Copyright Ltd.

Responding to Policy Initiatives: Unleashing the Value of Cultural Treasures
Established on September 28, 2025, Lela Cultural was formed in direct response to the Hong Kong SAR Government’s vision for cultural development. The “going global” of Hong Kong culture should not rely solely on financial subsidies, but must be driven by substantive policies to release local cultural assets to the world. Lela Cultural was born to address the challenges of foreign cultural influx and the increasing edge of Chinese, using institutional and policy support to help people find their successful path.

Diversified monetization models
In terms of copyright development, Lela Cultural exhibits a highly competitive business model. The platform collaborates with some well-known institutions—including Jindun Publishing House, China Literature, and Huaxia Literature Publishing House—to enhance copyright value through diversified profit models. These include international paid reading, advertising revenue, audiobook streaming, and translation rights. Furthermore, high-quality literary IPs can be further developed into films, animations, physical publications, and derivative products, achieving long-term economic benefits of “one-time investment, sustainable returns.”

Additionally, Lela Cultural has introduced a unique Economic Recovery Support Project to benefit the public. The company is opening the copyright market to Hong Kong citizens, allowing them to participate via a proprietary “Voice Capture” feature. People can provide voiceovers for novel characters and earn money returns based on the popularity of the stories. This initiative empowers the public with participation rights in the copyright market, creating a win-win situation for the community.

Future Outlook: Global strategic positioning
The market prospects for literary copyrights are huge, as literature serves as the core foundation for film, animation, and music. Lela Cultural aims to sign 10,000 authors in the future. and plans to discover some emerging talent through literary competitions, the establishment of literary funds, and partnerships with universities. Lela Cultural expects to grow its reader base to 10 million members.

In a trillion-dollar cultural market, Lela Cultural aims to lead the Chinese cultural works worldwide, attract overseas capital, and achieve the dual growth of cultural realization and collective wealth.

BON Announces Breakthrough Development of Apple Bio-Electronic Mask: Clinical Data Exceeds Expectations, Targeting $100B+ Medical Aesthetics Market

XI’AN, China, Feb. 19, 2026 /PRNewswire/ — Bon Natural Life Limited (Nasdaq: BON) (“Bon” or the “Company”), a leading provider of bio-ingredient solutions in the natural, health, and personal care industries, today announced the successful development of a premium anti-aging facial mask incorporating apple polyphenols as its core active ingredient and integrated with AI-enabled flexible bio-electronic technology. Leveraging advanced transdermal delivery systems, this product integrates plant-derived active ingredients with intelligent flexible electronics, creating a next-generation skin care solution designed to be non-invasive, painless, and suitable for at-home use.

Serving as the core natural active ingredient of this product, apple polyphenols are extracted from premium apple pomace and contain polyphenolic compounds such as proanthocyanidins and quercetin. These compounds are widely studied for their antioxidant, anti-inflammatory, and photoprotective properties. Published research indicates that apple polyphenols may help inhibit collagen degradation, reduce UV-induced oxidative stress, and support melanin metabolism, contributing to visible improvements in skin firmness, brightness, and overall appearance. Powered by its AI-enabled flexible bio-electronic platform, BON’s mask combines flexible electronic materials with smart controlled-release technology to enhance transdermal penetration of the active ingredients. This approach is designed to address the absorption limitations typically associated with conventional topical skincare products.

At present, the Company has completed sample development and preliminary internal performance evaluations of the AI-powered flexible bio-electronic mask incorporating apple polyphenols. Across key performance indicators — including the appearance of fine lines, skin firmness, UV-related skin stress, and overall brightness — the initial results have exceeded internal benchmarks. In the next phase, the Company plans to initiate expanded third-party clinical testing while advancing product finalization and optimizing large-scale manufacturing processes.

According to industry data, the global anti-aging market has surpassed $100 billion, with premium transdermal delivery devices and advanced formulations representing one of the fastest-growing segments. By combining the functional properties of apple polyphenols with proprietary bio-electronic mask technology, BON believes it is well positioned to capture a first-mover advantage within this emerging premium segment.

Hu Yongwei, Chairman and CEO of BON, stated: “This is a strategic product driven by technology and guided by market demand. Through AI-powered flexible electronic technology, we are enhancing the transdermal delivery efficiency of apple polyphenols, addressing growing consumer demand for high-performance, non-invasive anti-aging solutions. This milestone represents BON’s entry into the high-growth, high-value medical-grade beauty segment and reinforces our ecosystem strategy of ‘AI + Bioactive Ingredient.’ By delivering safe and effective skincare innovations, we aim to establish a second growth engine characterized by strong pricing power, high repurchase potential, and attractive margins, creating long-term value for our shareholders”.

About Bon Natural Life Limited (“BON”)

BON is a Cayman Islands company engaged in the business of natural, health, and personal care industries. For more information, please visit the Company’s website at http://www.bnlus.com.

Safe Harbor Statement

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

 

Hanwha Ocean Signs Landmark Agreements to Strengthen Canada’s Sovereign Defence Industrial Capacity, Expand Domestic Shipbuilding Workforce, and Accelerate Large-Scale Shipbuilding in Ontario

Strategic MOU advances industrial capability and technology transfer in Ontario; trilateral LOI establishes an embedded shipbuilding workforce development and innovation hub

HAMILTON, ON, Feb. 19, 2026 /PRNewswire/ — Hanwha Ocean and Ontario Shipyards have signed a strategic Memorandum of Understanding (MOU) to accelerate the return of large-scale shipbuilding in Ontario and to strengthen Canada’s ability to deliver future naval programs.

Key representatives pose for a commemorative photo following the Hanwha Ocean–Ontario Shipyards MOU signing and the trilateral LOI ceremony with Mohawk College. Front row, from left: Mohawk College President Paul Armstrong, Hanwha Ocean CEO Kim Hee-cheul, and Ontario Shipyards CEO Shaun Padulo, joined by Canadian Members of Parliament and other local officials after the signing ceremonies.
Key representatives pose for a commemorative photo following the Hanwha Ocean–Ontario Shipyards MOU signing and the trilateral LOI ceremony with Mohawk College. Front row, from left: Mohawk College President Paul Armstrong, Hanwha Ocean CEO Kim Hee-cheul, and Ontario Shipyards CEO Shaun Padulo, joined by Canadian Members of Parliament and other local officials after the signing ceremonies.

In parallel, Hanwha Ocean, Ontario Shipyards and Mohawk College have entered into a Letter of Intent (LOI) to establish an embedded shipbuilding training hub at Ontario Shipyards’ Hamilton facility, aligned with the sector’s long-term workforce requirements.

Together, the agreements establish a coordinated industrial and workforce development framework intended to position Ontario as a scalable centre of excellence for defence-related shipbuilding and advanced marine manufacturing in the Great Lakes region.

Memorandum of Understanding

Hanwha Ocean and Ontario Shipyards

Under the bilateral MOU, Hanwha Ocean will provide structured technical and operational support to Ontario Shipyards to strengthen production readiness and shipyard performance.

The cooperation will focus on:

  • design and engineering
  • production planning and construction sequencing
  • quality management systems
  • advanced shipyard processes and smart-yard best practices

These measures are intended to accelerate the re-establishment of large-scale vessel construction capability in Ontario, enhance production efficiency, and support long-term naval industrial readiness.

As part of this cooperation, Hanwha Ocean will provide support to the design and construction for a Training and Recruitment vessel that Ontario Shipyards will begin building in 2026, serving as a practical demonstration of next-generation shipbuilding capability in the province.

Subject to the award of the Canadian Patrol Submarine Project (CPSP), Hanwha Ocean intends to pursue further strategic investment in Ontario, including the establishment of a dedicated shipbuilding training centre and expanded industrial cooperation with Ontario-based suppliers.

Letter of Intent

Hanwha Ocean, Ontario Shipyards and Mohawk College

The trilateral LOI establishes a structured pathway to address persistent shortages in skilled trades and technical professionals critical to shipbuilding.

The collaboration will focus on:

  • establishing an integrated training hub embedded within Ontario Shipyards’ Hamilton Shipyard
  • developing industry-led credentials and specialized shipbuilding certifications
  • supporting apprenticeship and co-op pathways aligned with production requirements
  • exploring applied research in automation, robotics ad digital manufacturing

Under this framework:

  • Mohawk College will lead academic programming across skilled trades and technology disciplines including welding, electrical, millwright, marine mechanics, robotics, logistics, and non-destructive evaluation..
  • Ontario Shipyards will provide facilities and direct workforce integration aligned with its production and expansion plans.
  • Hanwha Ocean will contribute technical advisory support and access to its global industrial networks to align training with international standards and operational best practices.

Strengthening Ontario’s Role in Canada’s Marine Defence Ecosystem

By integrating industrial modernization with structured workforce development, the partnership aligns with Ontario’s advanced manufacturing strategy and Canada’s broader objective to strengthen sovereign defence industrial capability.

The coordinated framework is expected to:

  • generate and sustain high-quality skilled employment
  • expand Ontario-based marine and defence supply chains
  • increase participation of regional small and medium-sized enterprises
  • strengthen Canada’s domestic capacity to construct, maintain and sustain complex naval platforms

Over the long term, the initiative is designed to position the Golden Horseshoe and the broader Great Lakes region as a nationally significant hub for advanced marine manufacturing and shipbuilding.

Quotes

Kim Hee-cheul, President and CEO, Hanwha Ocean
“Our objective is not simply to transfer expertise, but to embed Hanwha Ocean’s advanced shipbuilding processes and operational know-how directly into Ontario Shipyard operations. By doing so, we are strengthening Canada’s domestic industrial base, supporting high-quality Canadian jobs, and ensuring long-term workforce readiness. This partnership reflects our commitment to building sustainable submarine construction and sustainment capacity in Canada, fully aligned with the objectives of the Canadian Patrol Submarine Project.”

Shaun Padulo, President and CEO, Ontario Shipyards
“At its core, this partnership is about people. With Hanwha Ocean working alongside our teams and Mohawk College training the next generation in a live shipyard, we are building the Canadian workforce that will deliver and sustain Canadian ships for decades to come. That is how sovereign capacity is created. This partnership activates Ontario’s industrial strength in direct support of the National Shipbuilding Strategy and the future of the Royal Canadian Navy and creates meaningful long-term careers for Canadians.

Paul Armstrong, President, Mohawk College
“Mohawk College believes in the strength and power of industry-led learning. By working alongside Hanwha Ocean and Ontario Shipyards, we are creating an environment where expertise, innovation, and education come together to support workforce development. This collaboration will strengthen advanced manufacturing and shipbuilding capability in Canada and help build the skilled talent required for long-term success in a rapidly evolving marine sector.”