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/C O R R E C T I O N — Hoymiles Power Electronics Inc./

In the news release, Hoymiles Introduces HiFlow Pro, the First UL 3700-Compliant Plug-in Microinverter in the US to Boost DIY Solar, issued 15-Jul-2026 by Hoymiles Power Electronics Inc. over PR Newswire, we are advised by the company that the image shall be changed. The complete, corrected release follows:

Hoymiles Introduces HiFlow Pro, the First UL 3700-Compliant Plug-in Microinverter in the US to Boost DIY Solar

RICHARDSON, Texas, July 15, 2026 /PRNewswire/ — Hoymiles announced the official release of its HiFlow Pro plug-in microinverter, the first DIY solar microinverter compliant with the UL 3700 standard that is developed specifically for plug-in photovoltaic (PIPV) systems. Designed for plug-and-play residential solar applications, HiFlow Pro maximizes energy yield and optimizes performance within limited installation spaces, such as balconies and compact rooftops.

Hoymiles launches HiFlow Pro plug-in solar microinverter in the US
Hoymiles launches HiFlow Pro plug-in solar microinverter in the US

Building on years of dedicated expertise in the European plug-in energy sector, Hoymiles is bringing more accessible solar solutions to homeowners across the US.

A New Era for Plug-in Solar in the US

Plug-in solar systems have gained popularity in Europe by making solar energy accessible for homeowners and renters. As demand for similar solutions grows in the US, the market has highlighted the need for a dedicated safety framework beyond traditional rooftop PV.

In response, UL 3700 was introduced—the first North American safety standard specifically designed for plug-in photovoltaic systems. It provides manufacturers with a clear certification pathway while offering utilities, authorities having jurisdiction (AHJs), and consumers a consistent benchmark for safe deployment.

Hoymiles is leading this transition by introducing the first UL 3700-compliant plug-in solar microinverter to the US.

HiFlow Pro Microinverter: Easy, Accessible and Efficient DIY Solar Solution

HiFlow Pro is optimized for residential plug-in PV applications to ensure maximum energy harvest.

What sets Hoymiles HiFlow Pro apart:

  • High energy yield enabled by industry-leading MPPT efficiency (99.8% static and 99.5% dynamic) and low-voltage operation, maximizing energy harvest under changing weather conditions.
  • Plug-and-play setup and commissioning via Bluetooth and Wi-Fi in less than 60 seconds, simplifying installation and system setup.
  • Type 6 enclosure rating with reliable operation from -40°C to +65°C; Backed by 250,000-hour reliability testing, it delivers dependable performance across diverse climates.
  • It supports parallel operation of four microinverters installed in separate sockets, enabling flexible expansion up to 1200 W total output power to satisfy different market needs and local regulations.

Driving the Future of Distributed Energy

“By introducing the first UL 3700-compliant plug-in microinverter in the US, we’re not only launching a new product—we’re helping establish a new benchmark for residential solar that combines simplicity, safety, and high performance,” said Hoymiles CEO Dr. Yang Bo.

As residential energy needs evolve in the US, Hoymiles remains committed to making solar more accessible and empowering more households with reliable clean energy solutions.

Learn more at https://www.hoymiles.com/us/hiflowpro.html

Now is Your Moment: Huawei Unlocks New Possibilities for Every Moment Through All-Scenario Innovation

HUAWEI Pura 90s Series Headlines a Line-up Designed for Expression, Style and Creativity


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 15 July 2026 – On July 14, 2026, Huawei held its Flagship Product Global Launch Event in Kuala Lumpur, Malaysia, where it officially unveiled the HUAWEI Pura 90s Series, HUAWEI FreeClip 2 S and HUAWEI MatePad Air. Led by the HUAWEI Pura 90s Series and its upgraded imaging technologies, these new devices seamlessly extend users’ all-scenario experiences, empowering them to capture, express, and create more effortlessly in everyday life.

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Advanced Imaging, Designed for Expression, Capturing Every Meaningful Moment

As a key highlight of the launch, the HUAWEI Pura 90s Series delivers flagship imaging, empowering expression. Guided by the Rhythm of Colour design philosophy, the series combines clean design lines with a layered colour palette to create a distinctive and cohesive visual identity, while the Dual-Tone Gradient Mid-Frame[1] further enhances its aesthetic. The HUAWEI Pura 90s Series also introduces comprehensive imaging upgrades. Equipped with 200MP Ultra Large Sensor Telephoto Camera[2], True-to-Colour Camera 2.0 and a range of industry-leading imaging technologies, it delivers clear, stable, and consistent results across long-range, macro, and challenging lighting scenarios. Enhanced by AI-powered composition and image optimisation, users can move efficiently from capture to refinement, resulting in more expressive and refined visual outcomes.

Luminous Aesthetics, Designed for Style, Balancing Fashion and Comfort

Designed for personal style and everyday wear, the HUAWEI FreeClip 2 S introduces Huawei’s Luminous Aesthetics design philosophy, combining metallic lustre with organic tones in two new colourways – Deepsea Blue and Space Silver – to support individual style expression. The all-new Luminous Charging Case, crafted through over 100 precision manufacturing steps, features a refined rounded silhouette while expanding usable interior space by 20%[3], providing room for both earbuds and small accessories. Complementing the design, the upgraded Airy C-bridge blends skin-friendly liquid silicone with a luminous texture-spraying process to create a distinctive metallic finish. Refined through 22 paint-mixing and spraying processes, it balances visual elegance with a soft and comfortable fit, delivering both style and all-day wearability. Combined with Huawei’s open-ear listening experience, the HUAWEI FreeClip 2 S delivers clear listening and calling performance for everyday use.

Lightweight Design, Designed for Inspiration and Productivity

Designed for inspiration and productivity, the HUAWEI MatePad Air features a slim 5.3 mm[4] profile while delivering flagship-level performance. Equipped with the Ultra-clear OLED PaperMatte Display, it delivers vibrant visuals and exceptional clarity, empowering users to create with greater ease.

Maintaining its sleek and lightweight design, the device offers accurate colour reproduction and exceptional clarity, delivering an immersive viewing experience across work, learning, content creation and entertainment scenarios.

With powerful PC-level productivity and an integrated suite of AI tools, the HUAWEI MatePad Air helps users work more efficiently, transform ideas into content, and present complete solutions with ease. Together, these capabilities enable a seamless creative workflow and bring PC-level productivity into a lightweight form factor.

Together, the HUAWEI Pura 90s Series, HUAWEI FreeClip 2 S, and HUAWEI MatePad Air showcase Huawei’s all-scenario ecosystem. From capturing meaningful moments and expressing personal style to supporting creativity, they deliver a more connected and cohesive user experience across everyday scenarios.

Looking ahead, Huawei will continue to evolve its ecosystem to support diverse user needs, delivering a smarter and more efficient connected experience.


[1] Only available in the Orange Ocean model.

[2] The 200 MP high-resolution mode is only available at the 4x focal length and requires a HOTA update. Optical zoom ratios are approximate.

[3] Data is a comparison with HUAWEI FreeClip 2 and comes from Huawei lab tests.

[4] Data comes from Huawei laboratories. Actual weight and thickness may vary depending on product configuration, manufacturing processes, and measurement methods.

Hashtag: #Huawei

The issuer is solely responsible for the content of this announcement.

Central & Western District Youth-to-Career Explo Connects Hong Kong Youth to Future Careers in AI Era

Two-day flagship youth to career exploration event unites 30+ corporates and organisations for youth empowerment, officiated by Alice Mak, SBS, JP, Secretary for Home and Youth Affairs


HONG KONG SAR – Media OutReach Newswire – 14 July 2026 – The Central and Western District Office, Central and Western District Youth Network, and FutureGen Youth Foundation (“the Foundation“) co-organised the two-day Central & Western District Youth-to-Career Explo on 9 and 11 July. This event is funded by the Government of HKSAR, with the Hall of the Sai Ying Pun Community Complex provided as a venue. The event, part of the IGNITE18: Jumpstart Your Career series, brought together over 1,200 participants —including students, parents, teachers, and careers masters —alongside education institutions, prominent industry leaders, and community partners to explore future careers, AI, and the evolving world of work. Committed to expanding the program’s reach across the district, The Council of Central & Western District School Heads served as the event’s education partner.

Alice Mak, SBS, JP, Secretary for Home and Youth Affairs; Jennifer Yu Cheng, JP, Founder of FutureGen Youth Foundation and Secy Cheung, Founding Board Director of FutureGen Youth Foundation, alongside students, Strive and Rise Program participants and youth
Alice Mak, SBS, JP, Secretary for Home and Youth Affairs; Jennifer Yu Cheng, JP, Founder of FutureGen Youth Foundation and Secy Cheung, Founding Board Director of FutureGen Youth Foundation, alongside students, Strive and Rise Program participants and youth

Hosted at co-organiser and seed school St. Stephen’s Girls’ College, and the Sai Ying Pun Community Complex, the event was officiated by Alice Mak, SBS, JP, Secretary for Home and Youth Affairs, with a rich lineup of keynote sharing sessions on career insights, future trends and opportunities; AI and future skills workshops; youth dialogue sessions; and career exploration company booths.

Building A Future Talent Pipeline Through Early Industry and AI Exposure

Successfully equipping youth with direct access to leading industry representatives and companies, the signature youth event supported students across the Central and Western District in navigating their career and life planning journeys while strengthening Hong Kong’s future talent pipeline across diverse industries. Bringing together education institutions, corporations, government departments, professional organisations, NGOs and community partners, and spanning across more than 20 industries, the event bridged the gap between education and the rapidly evolving world of work, connecting young people with real-world industry insights and equipping them with the access, opportunities, and resources they need to explore future pathways and prepare for tomorrow’s workforce.

The IGNITE18 event series was pioneered by the FutureGen Youth Foundation, which aims to establish a citywide collective impact ecosystem connecting schools, industry, universities, and parents to support students navigating career and life planning. The initiative seeks to provide exposure to diverse industries, future career pathways, and hands-on future skills and AI experiences, while offering valuable workforce market insights and professional development opportunities for teachers and careers masters. By engaging parents in understanding AI and future-ready skills, the program actively strengthens Hong Kong’s future talent pipeline across diverse sectors. The Foundation plans to expand IGNITE18 across all 18 districts in Hong Kong in the next two years.

“In a world where AI, business transformation, and entirely new fields are reshaping career pathways, there is an urgency to create greater access earlier – from secondary age – to better equip and support youth on their career development journey,” said Jennifer Yu Cheng, JP, Founder of FutureGen Youth Foundation.

“At our Foundation, we have created a platform connecting over 140 Supporting Organisations with representation from education institutions, corporations, public institutes, NGOs, entrepreneurs and innovators to support youth career exploration and development in Hong Kong. Through IGNITE18, we aim to open doors earlier and inspire students to explore diverse career opportunities to be better equipped for tomorrow’s world – with the ultimate hope of building a stronger and more diverse talent pipeline for Hong Kong’s future.”

Uniting Corporate and Education Leaders in a Collective Impact Ecosystem

The Central & Western District Youth-to-Career Explo brought together an extensive network of participating and supporting organisations across corporate, tech, education, and public service sectors, including:

Strategic Partner: Hong Kong Cyberport Management Company Limited

Fully Supported By: McDonald’s Hong Kong

Supporting Organisations: DALLOYAU; Deloitte Foundation; DETERMINANT; Hong Kong Hereditary Breast Cancer Family Registry; Hong Kong Institute of Human Resource Management; Police Community Relations Office, Central District,Hong Kong Police Force; Hong Kong Qualifications Framework; HSBC; JEMS Character Academy; L’Oréal Hong Kong; Microsoft Hong Kong; MTR Corporation Limited; Ocean Park Corporation; Pet Space Group Limited; PRISTER Corporation Limited; Project Management Institute; Story Jungle Education; Tencent Wetech Academy; XPENG Hong Kong; XPENG Hong Kong ARIDGE; Y.L.Yang Foundation; iREd Solutions Limited; Plus One Dimension Interactive Company Limited

Education Partners: Center for Global & Community Engagement (GCE), School of Engineering, The Hong Kong University of Science and Technology; The University of Hong Kong; Department of Surgery, School of Clinical Medicine, Li Ka Shing Faculty of Medicine, The University of Hong Kong; Faculty of Science, The University of Hong Kong; Hong Kong Association of Careers Masters and Guidance Masters; Hong Kong Association of the Heads of Secondary Schools; Hong Kong Institute of Vocational Education (Chai Wan), Higher Diploma in Food Technology and Safety; Lingnan University Department of Digital Art and Creative Industries; Pre-incubation Centre, The Chinese University of Hong Kong; School of Business, The Hang Seng University of Hong Kong; The Council of Central & Western District School Heads; The Education University of Hong Kong; The Hong Kong Federation of Youth Groups

Supporting Statutory Body: The Authority of Qianhai SZ-HK Modern Service Industry Cooperation Zone of Shenzhen

The event also featured prominent leaders and experts sharing insights across business, finance, education, technology, innovation, and the public sector:

  • Lawrence Hung – Immediate Past President and Executive Council Member, Hong Kong Institute of Human Resource Management
  • Gary Wong Chi-him, MH, JP – Chief Hong Kong and Macao Liaison Expert, Authority of Qianhai SZ-HK Modern Service Industry Cooperation Zone of Shenzhen
  • Professor Ava Kwong – Chairman, Hong Kong Hereditary Breast Cancer FamilyRegistry; Clinical Professor, Department of Surgery, School of Clinical Medicine, The University of Hong Kong
  • Professor Lee Man Hoi – Professor, Department of Earth and Planetary Sciences, The University of Hong Kong
  • Serena Tang – Career Development and Training Director, HKU Business School

“We are deeply grateful to our seed schools, education partners, and Supporting Organisations for transforming the Foundation’s vision into action and for joining us in empowering young people,” said Secy Cheung, Founding Board Director of FutureGen Youth Foundation.

“Through our work with students, we have seen how powerful it can be when young people hear directly from industry leaders, professionals, and innovators. Often, a single conversation, sharing unexpected angles, can spark new aspirations and help students see pathways they had never previously imagined. IGNITE18 is about planting those seeds of possibility – inspiring young people to explore, discover, and take their first steps towards shaping their own futures.”

The signature event showcased the boundless possibilities of a strong ecosystem connecting schools, industry, universities, and families in supporting Hong Kong’s future leaders and talents. The IGNITE18 Central & Western District Youth-to-Career Explo generated strong community momentum that will continue to support students in understanding the future world of work, discovering their own pathways, and stepping into the future with confidence.

Hashtag: #FutureGenYouthFoundation

The issuer is solely responsible for the content of this announcement.

The Central and Western District Youth Network

The Central and Western District Youth Network, established under the Central and Western District Office, is a platform for young people aged 12 to 29 providing them with opportunities to develop their potential, cultivate personal interests, enhance self‑confidence, and encourage active participation in community affairs, thereby fostering a stronger sense of social belonging. Each year, the District Youth Network organises a diverse range of activities tailored to meet the interests and needs of its members.

The technology breakthroughs behind Huawei’s next-generation Smart String Grid-Forming ESS Platform

Huawei FusionSolar’s new Smart String Grid-Forming ESS Platform, LUTERRA, is born from technology breakthroughs designed to drive customer success.

MUNICH, July 15, 2026 /PRNewswire/ — Huawei launched LUTERRA at Intersolar Europe in Germany last month. In this article, Steve Zheng, President of Smart ESS Business, Huawei Digital Power explains how Huawei has achieved industry-leading efficiency in an easy-to-install battery storage solution that delivers plant level grid-forming (GFM) applications.

Steve Zheng, President of Smart ESS Business, Huawei Digital Power
Steve Zheng, President of Smart ESS Business, Huawei Digital Power

Huawei’s grid-forming technology has already been proven in field operation, including the world’s largest 100% renewable energy microgrid, at The Red Sea resort destination in Saudi Arabia. The Red Sea project has been in stable operation for over two years, demonstrating that multi-site coordination of GFM energy resources is entirely possible at the gigawatt-hour scale.

While not many projects will be as large as the 400MW of solar PV and the 1.3GWh battery energy storage systems (BESS) deployed in Saudi Arabia, Huawei’s technology can deliver increased revenues, higher throughput and seamless integration with solar for all customers.

Features such as its industry-leading round-trip efficiency (RTE), high-precision state of charge (SOC) control and cell-to-pack optimisation are achieved across multiple disciplines, Zheng says, “including electrochemistry, electrical engineering, electronics, thermodynamics, control technology, and prediction technology.”

“Huawei’s comprehensive control over the overall solution achieves 93.1% efficiency on the low-voltage side of the PCS at 25°C ambient temperature, with the SOC precision reaching 2.5% at both ends and 3% in the plateau,” Zheng says.

The integrated design covers full cell-to-pack thermal management, liquid-cooling systems and high-voltage silicon carbide (SiC) switching architecture. The setup offers unique performance advantages for long-duration energy storage (LDES) applications over other products on the market.

“We adhere to the string architecture and adopt an optimiser for each pack and a controller for each rack. These refined and effective management methods address electrochemical inconsistency, especially inconsistency in the battery lifecycle,” Zheng explains.

“In our next-generation solution, the AC voltage is increased to 1000 V AC for the first time based on SiC components. This reduces system loss and improves efficiency. Our unique, intelligent, distributed cooling technology increases the heat dissipation area. In addition, high RTE, high consistency, high SOC level, and high availability are improving the solution’s throughput by more than 10% compared with conventional solutions.”

While the technology is sophisticated, installation and logistics are designed to be as simple as possible, according to Steve Zheng. In the example of a 1GWh BESS plant, LUTERRA Smart String Grid-Forming ESS Platform reduces delivery time by at least 30%, balance of plant (BOP) costs by at least 20%, and the footprint by 1 square metre for every megawatt-hour installed, compared to conventional solutions.

Zheng says these results are achieved with Huawei’s patented through-busbar Architecture, which enables flexible installation, capacity expansion, and adaptive C-rates for charging and discharging throughout the project’s lifecycle.

Grid-forming for stable inverter-based electricity grid

As regular readers of Energy-Storage.news will be aware, grid-forming technologies and their associated applications have grown hugely in importance for enhancing the stability of electricity grid across the world.

Historically, grid frequency and voltage have been established as byproducts of the rotating mass of thermal generation turbines. As these largely fossil-fuel-based assets are replaced or outnumbered by variable renewable energy (VRE) sources, a new challenge arises in maintaining system stability.

Fortunately, inverters equipped with GFM capabilities can provide the same inertia, short-circuit ratio (SCR) and other essential functions such as black start capability. GFM is a perfect fit for BESS and countries and regions including the UK, Australia and China are actively deploying grid-forming resources.

Within Europe, Germany’s four transmission system operators (TSOs) launched a long-term inertia service market earlier this year, for which GFM BESS assets are eligible, while the European association of TSOs across 36 countries, ENTSO-E, has drafted technical guidelines for grid-forming requirements.

“Grid-forming technology is key to maintaining the stability of a power grid that integrates a high proportion of renewable energy. The technology has evolved from individual equipment to arrays and power plants,” Steve Zheng says.

Huawei has defined six grid-forming capabilities: inertia, short-circuit Level, Primary frequency regulation, Power oscillation damping, black start and on/off-grid switching in virtual synchronous generator (VSG) mode.

“We believe that the breakthrough of grid-forming technology at the plant level is critical,” Zheng says.

In the example of a 100MW BESS plant, there will be thousands of power electronics devices that must run in GFM mode.

“It is technically challenging to ensure that these devices work together to stabilise the power grid through the collaboration of hardware and software,” Zheng says, referring to the example of The Red Sea project.

Huawei’s technology has also been used in large-scale grid-forming projects in other countries, including Germany, Bulgaria, the Philippines and China.

Huawei’s product roadmap strategy focuses on array and system-level optimisation

The company has developed the industry’s largest GFM energy storage solution, optimised for BOP at the system level. The strategy behind that product roadmap choice was to focus not just on the power and energy density of a single BESS container, but on the power and energy density of a full array or power plant.

“Only when the array solution is optimal can the entire plant be optimal. A single container is not a true energy storage system; cells alone do not make an energy storage system,” Zheng says.

“Therefore, we consider each array as the basic unit in our solution design and planning, rather than blindly pursuing higher power density of a single container.”

The Smart String Grid-Forming ESS Platform’s design features a Dual stage 1000Vac high-voltage platform. This grid-forming storage system can resolve critical front-of-the-meter (FTM) operational challenges across utility renewable plants and C&I storage deployments, even as power systems impose increasingly stringent grid-support requirements on energy storage assets.

Huawei's next-generation Smart String Grid-Forming ESS Platform LUTERRA
Huawei’s next-generation Smart String Grid-Forming ESS Platform LUTERRA

“When it comes to architecture, we believe that the dual-stage solution offers superior grid safety compared to the conventional single-stage solution,” Steve Zheng tells us.

First, under high-voltage ride-through (HVRT) conditions, inrush current will flow back and forth between the power grid and the PCS. Especially when the battery SOC is low, this may cause battery insulation failure or even severe safety issues.

Second, during low-voltage ride-through (LVRT), a certain constant active power is required to help the power grid recover quickly. These advantages are not available in the single-stage architecture.”

Hycroft Appoints Michael Deal as Chief Operating Officer

WINNEMUCCA, Nev., July 15, 2026 /PRNewswire/ — Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”), a U.S.-based gold and silver development company that owns the Hycroft Mine, today announced the appointment of Michael Deal as Senior Vice President and Chief Operating Officer, effective August 24, 2026.

Mr. Deal brings more than 20 years of operating and technical leadership experience across complex, multi-asset gold and silver operations in North America, with a proven track record of building, scaling, and optimizing operations through disciplined capital allocation, technical rigor, and operational excellence.

Most recently, Mr. Deal served as Vice President, Operations at First Majestic Silver, where he provided enterprise leadership across a portfolio of operating mines and development assets and served as Executive Lead for the integration of a $1 billion acquisition. He also directed annual capital programs exceeding $300 million while improving production, safety performance, and operating discipline.

Mr. Deal previously held senior operating and technical leadership roles with Nevada Gold Mines, OceanaGold, Romarco Minerals, and Newmont Corporation, spanning open-pit and underground mining, heap leaching, milling, flotation, roasting, autoclave processing, and refractory ore treatment.

During his time with Nevada Gold Mines, Mr. Deal managed processing operations at the Carlin Complex, including the Goldstrike roaster and autoclave facilities, as well as Gold Quarry’s roaster, concentrator, and heap leach operations. He led initiatives focused on refractory processing performance, recovery optimization, cost reduction, and extending the life of critical processing infrastructure across one of the world’s largest gold-producing operations.

Mr. Deal also played a key leadership role in the construction, commissioning, and ramp-up of the Haile Gold Mine in South Carolina, successfully transitioning the operation from development into production. Throughout his career, he has consistently delivered improvements in safety, production, recovery, and operating performance while building high-performing teams and systems.

Diane Garrett, Executive Chairman and CEO, said, “Michael’s deep technical and operating experience is directly relevant to our strategy of advancing Hycroft to the next phase of operations. Michael will be instrumental in reviewing our many options for developing the mine with a primary focus on the two high-grade silver systems – Brimstone and Vortex. His extensive background building and managing sulfide processing operations — including roasters and autoclaves in Nevada — and in building the systems, teams and discipline needed to run them safely and profitably at scale is exactly the caliber of operating leadership we need as we advance and prepare the Hycroft Mine for future development.”

Mr. Deal added, “Hycroft represents a rare opportunity to help advance one of North America’s largest gold and silver assets. The combination of a large-scale resource base, Nevada jurisdiction, and significant metallurgical and exploration upside creates tremendous potential. I have spent my career building the operating systems, technical discipline, and high-performing teams required to safely advance complex assets. I look forward to working with the Hycroft team to systematically advance the project and build the foundation for long-term value creation.”

Mr. Deal serves on the SME Foundation Board of Directors and has previously served on the Nevada Mining Association Board of Directors and the Nevada Mineral Processing Division Board. He is a Registered Member and Qualified Person (QP) with the Society for Mining, Metallurgy & Exploration (SME). Mr. Deal holds a Bachelor of Science degree in Chemical Engineering with a minor in Economics from the Colorado School of Mines and an MBA from Arizona State University.

About Hycroft Mining Holding Corporation  

Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing the Hycroft Mine, among the world’s largest precious metals deposits, located in northern Nevada, a Tier-1 mining jurisdiction. With a long history of heap leach operations, Hycroft is advancing to the next phase of operations for processing sulfide mineralization. In addition, Hycroft is engaged in a robust exploration drill program (2025-2026 exploration drill program) to expand and advance the two new high-grade silver systems Brimstone and Vortex. These discoveries represent a significant value driver for the Hycroft Mine.

For further information, please contact:

E: info@hycroftmining.com
Investor Relations Phone: 775-245-0564
www.hycroftmining.com

Media: Tavistock, Jos Simson / Emily Moss
E: hycroft@tavistock.co.uk
Phone: +44 207 920 3150

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release and in public statements by our officers or representatives that address activities, events or developments that we expect or anticipate will or may occur in the future are forward-looking statements. These include, but are not limited to, statements regarding future business strategy, plans and goals, competitive strengths, the advancement and development of the Hycroft Mine, the results and implications of metallurgical analysis and test work, and the expansion and growth of our business.

Forward-looking statements are often identified by future or conditional words such as “estimate,” “plan,” “anticipate,” “expect,” “intend,” “believe,” “target,” “budget,” “may,” “can,” “will,” “would,” “could,” “should,” “seeks,” “scheduled to” and similar words or expressions but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. The risks include, but are not limited to: (i) risks related to changes in our operations at the Hycroft Mine, including risks associated with the cessation of mining operations at the Hycroft Mine; uncertainties concerning estimates of mineral resources; risks related to the lack of a completed feasibility study; risks related to metallurgical test work and process development; and risks related to our ability to re-establish commercially feasible mining and processing operations; and (ii) industry-related risks, including fluctuations in the price of gold and silver; the commercial success of, and risks related to, our exploration and development activities; uncertainties and risks related to our reliance on contractors and consultants; and the availability and cost of equipment, supplies, energy or reagents.

Any exploration target described in this press release does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve. Ranges of potential tonnage and grade (or quality) of an exploration target are conceptual in nature; there has been insufficient exploration of the relevant property or properties to estimate a mineral resource; and it is uncertain if further exploration will result in the estimation of a mineral resource.

These and other risks may cause actual results to differ materially from those expressed or implied by the forward-looking statements, and the occurrence of one or more of these events or circumstances, alone or in combination with others, may have a material adverse effect on our business, cash flows, financial condition and results of operations. Please see the “Risk Factors” outlined in our Annual Report on Form 10-K for the year ended December 31, 2025, and in other reports filed with the SEC, for more information about these and other risks.

Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although these forward-looking statements are based on assumptions that we believe are reasonable when made, forward-looking statements are not guarantees of future performance and actual results, performance or achievements may differ materially from those made in or suggested by the forward-looking statements in this press release.

Any forward-looking statements made in this press release speak only as of the date of this press release. We undertake no obligation to update these forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments, except as required by law.

HIGHWAY HOLDINGS REPORTS FISCAL FOURTH QUARTER AND FULL YEAR 2026 RESULTS

HONG KONG, July 15, 2026 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO, the “Company” or “Highway Holdings”) today reported results for the fiscal fourth quarter and fiscal year ended March 31, 2026. The Company notes its financial results reflect the negative impact on the Company’s business of two of its major customers significantly reducing orders that had been manufactured at its Myanmar facility due to Myanmar’s political instability, along with the effects of tariffs on some of our customers.  In response, the Company is focused on diversifying its OEM business by adding more customers with the long-term intention of reducing its reliance on the OEM business, and views its Regent-Feinbau acquisition as the first step in that direction.

For the fiscal 2026 fourth quarter, net sales were $0.93 million compared to $1.5 million in the year ago period, reflecting the negative impacts cited above, which led to a sudden reduction in sales and inventory imbalance at the Company’s customers and a material decline in new orders.  Gross profit was $246,000 compared to $305,000 in the year ago period. Net loss for the fiscal 2026 fourth quarter was $1.1 million, or $0.24 per basic share, compared to a net loss of $315,000, or $0.07 per basic share in the year ago period.

Net sales for the fiscal year 2026 were $4.8 million compared to $7.4 million for the fiscal year 2025, reflecting the above noted negative impact. Gross profit for the fiscal year 2026 was $1.4 million with a gross margin of 28%, compared to $2.5 million and 33% for the fiscal year 2025. Net loss for the fiscal year 2026 was $1.5 million, or $0.33 per basic share, compared with net income of $106,000, or $0.02 per diluted share, in the fiscal year 2025.

For the year ended March 31, 2026, the Company determined that certain long-lived and right-of-use (“ROU”) assets were impaired due to adverse business conditions, operating losses, political unrest in Myanmar, trade tensions and evolving global regulations. Accordingly, the Company recorded a substantially non-cash impairment charge of $125,000, consisting of $19,000 for long-lived assets and $106,000 for ROU assets, which compares to no impairment charge in the year ended March 31, 2025.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, said, “Fiscal 2026 was the most difficult year in Highway Holdings’ history, and it will be a turnaround year. Despite the numerous unlucky events hitting the Company over the last four years, we take this as a learning lesson. The year exposed clear weaknesses in our customer concentration, geographic exposure, factory utilization and cost structure. Significantly, two important customers substantially ceased orders at our Myanmar facility after deciding to no longer use such facility because of Myanmar’s political situation – one customer without prior warning – which led not only to the sharp sales reduction but also to the primarily non-cash impairment charge in the fourth quarter and full year 2026. This charge came in addition to the fiscal year 2024 impairment charges totaling $862,000, which included $335,000 for long-lived assets and $527,000 for ROU assets, bringing the aggregate to nearly US$1 million attributable to the same underlying factors. We responded by protecting liquidity, reducing our operating base where necessary and taking decisive steps to reposition the company. Our focus now is to turn those actions into measurable operating progress.”

“The acquisition of Regent-Feinbau on March 1, 2026 gives Highway Holdings a stronger and more diversified manufacturing platform, with European customer relationships, deeper technical capabilities and exposure to demanding automotive, commercial vehicle, aerospace and industrial markets. We view the acquisition of Regent-Feinbau as a strategic reset and a significant catalyst for the Company’s ultimate rebound. We are continuing our merger and acquisition activities and are actively searching for companies with product production as a long term add on solution to reduce our dependency on the OEM business, which exposed us to the immediate helplessness we experienced in regard to the actions of our OEM customers. This was a lasting lesson learned.”

The company reported a $22,000 currency exchange gain for the fiscal year 2026 compared with a $124,000 currency exchange gain in the fiscal year 2025. The currency exchange gain in the current year was mainly due to the weakened Kyat. The Company does not engage in currency exchange rate hedging, and the fluctuations in the exchange rate of the RMB and Kyat are expected to affect the Company’s future results.

The Company’s cash balance at March 31, 2026 was approximately $4.4 million, or approximately $0.97 per basic share. Total current assets at March 31, 2026, were $7.1 million, with working capital of $3.9 million and a current ratio of 2.2:1

About Highway Holdings

Highway Holdings is an international manufacturer of a wide variety of high-quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative office is located in Hong Kong and its manufacturing facilities are located in Germany, Yangon, Myanmar and Shenzhen, China.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company’s revenues, operations, markets, products and prices, the political situation in Myanmar, relations between the U.S. and China, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.

 (Financial Tables Follow)

Consolidated Statement of Income

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Statement of Income

(Dollars in thousands, except per share data)

 

Three Months Ended

Year Ended

March 31,

(Unaudited)

March 31,

(Audited)

2026

2025

2026

2025

Net sales

$931

$1,487

$4,805

$7,412

Cost of sales

685

1,182

3,439

4,942

Gross profit

246

305

1,366

2,470

Selling, general and administrative expenses

1,262

957

3,548

3,005

Impairment of property, plant and equipment

19

19

Impairment of  right of use assets

106

106

Operating income/(loss)  

(1,141)

(652)

(2,307)

(535)

Non-operating items

Exchange gain/(loss), net

8

(20)

22

124

Interest income

31

56

159

203

Gain on disposal of assets

333

75

333

Other income

5

6

21

22

Total non-operating income / (expenses)

44

375

277

682

Share of profits / (loss) of equity investee

Net income/(loss) before income tax and non-controlling Interest

(1,097)

(277)

(2,030)

147

Income taxes

(2)

(38)

486

(38)

Net  income/(loss) before non-controlling interests

(1,099)

(315)

(1,544)

109

Profit / (loss) attributable to non-controlling Interests

2

0

20

(3)

Net income/(loss) attributable to Highway Holdings Limited shareholders

($1,097)

($315)

($1,524)

$106

Net income/(loss) per share:

           Basic

($0.24)

($0.07)

($0.33)

$0.02

           Diluted

($0.24)

($0.07)

($0.33)

$0.02

Weighted average number of shares outstanding:

          Basic

4,551

4,402

4,554

4,402

          Diluted

4,551

4,402

4,554

4,402

 

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Balance Sheet

(In thousands, except per share data)

March 31,

 March 31,

2026

2025

Current assets:

Cash and cash equivalents

$4,409

$5,972

Accounts receivable, net of doubtful accounts

1,023

1,022

Inventories

1,452

1,146

Prepaid expenses and other current assets

253

430

Total current assets

7,137

8,570

Property, plant, and equipment, net

389

94

Intangible assets, net

532

Goodwill

260

Operating lease right-of-use assets, net

2,424

784

Long-term deposits

179

11

Long-term loan receivable

75

95

Investments in equity method investees

Total assets

$10,996

$9,554

Current liabilities:

Accounts payable

$437

$613

Operating lease liabilities, current

844

623

Accrual expenses and other current liabilities

1,509

1,274

Current portion of long-term loan payable

162

Income tax payable

162

486

Dividend payable

81

81

Total current liabilities

3,195

3,077

Long term liabilities:

Operating lease liabilities, non-current

1,742

187

Deferred tax liabilities

190

Long term accrued expenses

26

23

Non current portion of long-term loan payable

407

Total liabilities

5,560

3,287

Shareholders’ equity:

Preferred shares, $0.01 par value

Common shares, $0.01 par value

46

44

Additional paid-in capital

12,417

12,178

Accumulated deficit

(6,961)

(5,437)

Accumulated other comprehensive loss

(610)

(516)

Non-controlling interest

544

(2)

    Total equity

5,436

6,267

Total liabilities and shareholders’ equity

$10,996

$9,554

Arup partners YJK to launch AI Designer in Hong Kong to advance AI-enabled structural engineering

Strategic partnership integrates design optimisation and artificial intelligence to improve engineering efficiency, project outcomes and decarbonisation


HONG KONG SAR – Media OutReach Newswire – 15 July 2026 – Arup and YJK, a leading engineering software solutions company in Chinese Mainland, announced the launch of AI Designer in Hong Kong, an innovative digital platform that integrates artificial intelligence (‘AI’) with design optimisation, enhancing the efficiency, quality and productivity of engineering workflows.

Chen Dailin, Chairman of Beijing YJK Building Software Co., Ltd (left), and Theresa Yeung, Managing Principal, East Asia at Arup (right), officially sign the strategic partnership agreement.
Chen Dailin, Chairman of Beijing YJK Building Software Co., Ltd (left), and Theresa Yeung, Managing Principal, East Asia at Arup (right), officially sign the strategic partnership agreement.

Jointly developed by Arup and YJK, the initial AI Designer modules combine Arup’s global structural engineering experience and advanced computational design expertise with YJK’s integrated software capabilities in analysis, code-compliant design and drawing production. The first phase of the platform focuses on two core applications: Structural design optimisation, including reinforced concrete and steel structures, and Piled foundation layout and design optimisation.

Chen Dailin, Chairman of Beijing YJK Building Software Co., Ltd (middle left), and Theresa Yeung, Managing Principal, East Asia at Arup (middle right), with teams from YJK and Arup at the Arup x YJK Strategic Partnership Signing Ceremony in Hong Kong.
Chen Dailin, Chairman of Beijing YJK Building Software Co., Ltd (middle left), and Theresa Yeung, Managing Principal, East Asia at Arup (middle right), with teams from YJK and Arup at the Arup x YJK Strategic Partnership Signing Ceremony in Hong Kong.

The platform helps engineers evaluate design options more effectively, enabling faster decision-making, improved project outcomes and smarter project delivery, while representing a transformational step forward in modernising engineering workflows.

Key features of AI Designer

  • YJK’s structural design software (Hong Kong Code Edition) has been officially recognised by the Hong Kong Buildings Department, while its structural, BIM and construction software suite has been certified under Hong Kong’s Construction Innovation and Technology Fund (CITF).
  • In controlled benchmarking using the same model, loads and code — and with engineer review retained — AI Designer‘s algorithmic optimisation reduced design iteration time by approximately 82% (from 2.5 days to 0.5 days) and decreased over-limit components by around 88% (from 64 to 6).
  • Through AI Designer‘s optimisation, material usage could be reduced by around 10–20%, contributing to lower embodied carbon.

The partnership underscores Hong Kong’s ambitions to accelerate the adoption of digital technologies across the construction sector. By enhancing productivity and streamlining engineering processes, AI Designer will bring more efficient project delivery while supporting the city’s innovation agenda and driving AI adoption across the built environment industry.

Theresa Yeung, Managing Principal, East Asia of Arup, said: “We are delighted to collaborate with YJK on the launch of the first AI Designer module. By combining Arup’s deep structural engineering and computational design expertise with YJK’s advanced software capabilities, we are empowering engineers with powerful tools that improve workflows, accelerate design exploration and unlock new opportunities for innovation.

As projects become increasingly complex, AI Designer will enable us to assess a broader range of solutions more efficiently while maintaining the highest standards of technical excellence. This reflects our commitment to applying emerging technologies to deliver better outcomes for our clients, communities and the built environment.”

Chen Dailin, Chairman of Beijing YJK, said: “We are thrilled to partner with Arup, an industry heavyweight with deep expertise in computational design. By combining YJK’s software capabilities with Arup’s optimisation algorithms, AI Designer will deliver real impact by enhancing design quality, broadening the application of artificial intelligence in engineering, and supporting the development of a smarter, more efficient and resilient built environment.”

The launch ceremony was attended by representatives from both the public and private sectors, reflecting the growing importance of advanced technologies in driving innovation across Hong Kong’s construction and infrastructure industries. Attendees were introduced to AI Designer’s capabilities and its vision for the future of AI-enabled engineering and design.

Hashtag: #Arup #YJK

The issuer is solely responsible for the content of this announcement.

About Arup

Arup is a global built environment consultancy providing advisory and technical expertise for our clients across more than 150 disciplines. We create safe, resilient, and regenerative places.

About YJK

YJK (Hong Kong) Digital Technology Limited is a wholly-owned overseas subsidiary of YJK. Leveraging Hong Kong’s geographical advantages, it has established a two-pronged strategy of “deepening local adaptation in Hong Kong while simultaneously expanding overseas markets”, and oversees the overall planning of YJK’s operations in Hong Kong, China as well as its overseas business layout.

The parent company has long been deeply engaged in the engineering software sector covering construction, bridges, municipal infrastructure, power and other fields. It provides standardized BIM products and digital solutions for the full project lifecycle, backed by profound in-house R&D capabilities and solid technical accumulation.

Leveraging the parent company’s in-house software R&D strengths and AI technology expertise, YJK (Hong Kong) has achieved in-depth alignment with Hong Kong’s engineering codes and business workflows, further consolidating its local service capabilities. Meanwhile, with Hong Kong as its strategic pivot for internationalization, it aligns with mainstream international engineering standards and delivers digital products and services tailored for overseas markets. Driven by technological innovation as its core driving force, the company provides high-quality engineering digital services to clients across the globe.

Body of Lao Victim Returned Home After Deadly Bangkok Pub Fire

A picture of the body of Lao victim received by victim's relatives at the Second Thai–Lao Friendship Bridge in Mukdahan on 15 July. (Photo by Khammoun Rescue)

The body of a 21-year-old Lao national who died in the deadly fire at Pub Ladprao in Bangkok on 12 July has been returned to Laos, while rescue authorities say they are still awaiting confirmation on when a second Lao victim will be repatriated.

Phonepaseut Poungppany, from Outhoumphone district in Savannakhet province, was handed over to Lao rescue personnel at the Second Thai-Lao Friendship Bridge in Mukdahan on 15 July after Thai authorities completed the repatriation process.

The Khammouane Rescue Team received the body before transporting it to his hometown in Savannakhet for funeral rites.

Rescue team president Konekeo Oudone confirmed that only one body had been transferred to Lao authorities on Wednesday morning.

“We have only received one body today. We have not yet been informed when a second victim will be returned,” he said.

Phonepaseut’s brother, cousin, and girlfriend travelled to the border to receive the body before accompanying it home, according to Konekeo.

He added that the rescue team is still coordinating with Thai authorities to obtain the identity and details of the second confirmed Lao victim.

The repatriation comes after a fire tore through a packed music venue in Bangkok‘s Chatuchak district late on 12 July.

As of 15 July, Thai authorities said 32 people had died and more than 70 others were injured, many of them critically.

Thai police are investigating the cause of the fire, including whether an electrical short circuit near the stage, faulty wiring, and blocked or inadequate emergency exits contributed to the high death toll. Authorities have also opened an investigation into possible negligence and fire safety violations.

The Lao Embassy in Bangkok has not responded to requests for comment and has yet to publicly confirm how many Lao citizens were killed or injured.

Lao and Thai authorities continue coordinating the repatriation of Lao victims while efforts to identify the remaining casualties continue.