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Fox ESS Partners with Solar Juice to Enhance Energy Storage Solutions in Australia

MELBOURNE, Australia, Oct. 31, 2025 /PRNewswire/ — Fox ESS, a leading provider of renewable energy solutions, has entered into a strategic partnership with Solar Juice, one of Australia’s foremost renewable energy distributors, to collaborate on 1GWh battery storage projects at All Energy 2025. This collaboration, aims to establish a long-term, stable, and sustainable distribution and technical cooperation relationship to support the sales and after-sales service framework for localized energy storage products in Australia.

Mr. John Grimes, CEO of the Smart Energy Council (SEC), attended as a witness to the signing and stated, “I am honored to be part of this special moment. The Australian energy storage market is thriving, and I look forward to seeing the sparks that Fox ESS will create here.”

The partnership will cover the entire Australian market, with a primary focus on regions experiencing the fastest growth in energy storage demand, including New South Wales (NSW), Victoria (VIC), and Queensland (QLD). Depending on project advancements, the collaboration may gradually expand to South Australia (SA), Western Australia (WA), and Tasmania (TAS).

Central to this partnership are residential energy storage systems, featuring the sale, promotion, installation, and technical support of Fox ESS’s KH, H3 Smart, and H3 PRO series inverters, along with EQ, CQ, and AIO series high-voltage batteries. Both companies will explore further opportunities in commercial energy storage solutions, electric vehicle (EV) charging solutions, and smart energy management systems, including virtual power plant (VPP) integrations.

Rami Fedda, Co-founder of Solar Juice, emphasized the advantages of this partnership: “Joining forces with Fox ESS allows us to enrich our product offerings with cutting-edge energy storage technology. Together, we can meet the growing demand for efficient and reliable energy solutions, ultimately supporting Australia’s transition to a cleaner energy future.”

This partnership comes at a pivotal moment, as Australia’s energy storage market is poised for rapid growth, driven by recent policies that have significantly increased demand for residential energy storage systems. Fox ESS’s robust R&D capabilities and scalable manufacturing, combined with Solar Juice’s influential distribution channels, create a powerful synergy.

End customers will benefit from enhanced efficiency and safety in home energy storage solutions, backed by localized after-sales and technical support. This collaboration aims to contribute meaningfully to Australia’s energy transition and grid stability.

“Our collaboration with Solar Juice represents a significant step forward in our commitment to enhance energy accessibility in Australia,” said Michael Zhu, CEO of Fox ESS. “By leveraging Solar Juice’s extensive distribution network, we can accelerate the adoption of our innovative energy storage solutions and strengthen our brand presence in this vital market.”

Darkivore CTI & DRP Solution for Critical Sectors – Achieves Australian Data Sovereignty Compliance

SYDNEY, Oct. 31, 2025 /PRNewswire/ —  Potech’s Darkivore is now fully compliant with Australian Data Sovereignty regulations. This ISO-certified Digital Risk Protection (DRP) and Cyberthreat Intelligence (CTI) platform proactively neutralizes cyberattacks by detecting and capturing threats from across the entire web, from surface to dark.

By ensuring all user data remains under the protection and jurisdiction of Australian authorities, and with end-to-end Australian infrastructure, security and business continuity are guaranteed, even during international turbulence. This policy also applies to all data processed for demonstrations and proof-of-concepts.

This addresses the increasing demand from businesses and government agencies for cybersecurity solutions that meet Australia’s stringent data sovereignty compliance requirements.

The compliance was achieved through a sharp partnership between Potech, a leading global cybersecurity firm, and Genisys, a premier Australian-owned and operated managed IT and cloud services provider. In addition to Darkivore, the partnership covers Potech’s full suite of products, including Tacivoar, a SIEM++ solution for infrastructure control, and Octivore which provides a scalable Security Incident Response Platform (SIRP) to promptly manage security incidents.

“Partnering with Genisys was a natural choice for us,” said Bassam Khoreich, Managing Partner at Potech Australia. “Their deep expertise in managed IT and cloud services, combined with their commitment to sovereign hosting and cybersecurity, provides the perfect environment for our advanced cybersecurity products. This move allows us to offer our Australian clients the unparalleled protection of Darkivore, Tacivoar, and Octivore, with the added confidence of local data residency and compliance.”

Genisys’s cloud infrastructure is designed with security and compliance at its core, providing a highly resilient and protected platform. The collaboration leverages the ISO 27001 certifications of both companies, ensuring that the hosted solutions adhere to the highest international standards for information security management, from SDLC and application controls, to system hosting and network security.

Peter Srbinovski, Cloud and Information Security / Group CISO at Genisys, commented on the partnership, “We are thrilled to work with Potech to bring their world-class cybersecurity solutions to the Australian market on a sovereign platform. The need for Australian organizations to have control over their data has never been more critical. This partnership provides a powerful combination of Potech’s advanced threat intelligence capabilities and our secure, local hosting, giving businesses and government agencies peace of mind that their digital assets are protected.”

About Potech

Potech is a global leader in Information & Technology and cybersecurity solutions, offering innovative services and products that help organizations safeguard their digital assets.

The group operates across multiple regions, including Europe, Africa, the Middle East, the Americas, and Australia, serving clients across diverse industries including government agencies, telecommunications, energy, financial firms, academic & healthcare institutions.

For more information, visit www.potech.global

About Genisys

Genisys is an Australian-owned and operated managed IT and cloud services provider. Since 2001, Genisys has been a trusted partner to over 280 businesses across the private and public sectors, providing a full suite of services, including managed cloud, cybersecurity, and IT consulting. Genisys is committed to delivering innovative, secure, and scalable IT solutions that empower Australian organizations.

Lufax Announces New Senior Management Hire

SHANGHAI, Oct. 31, 2025 /PRNewswire/ — Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it has appointed Mr. Xiang Ji as the Co-Chief Executive Officer of the Company and Mr. Tao Wu as the Executive Deputy General Manager and Chief Marketing Officer of the Company, with immediate effect.

The biographical details of Mr. Ji and Mr. Wu are set out below.

Mr. Xiang Ji, aged 43, possesses close to 20 years of cross-industry work experience in retail credit, risk management and investment management. Mr. Ji served at McKinsey & Consulting Company Inc. from February 2014 to September 2025, with his last position as Global Managing Partner overseeing Asia Retail Banking Business. From September 2007 to December 2012, Mr. Ji provided post-investment service and project management service to various institutions in the United Kingdom. Mr. Ji obtained a master’s degree in business management from INSEAD in December 2013, a master’s degree in telecommunication engineering from Politecnico Di Torino in June 2007, and a bachelor’s degree in communication engineering from Beijing Information Science and Technology University in June 2005.

Mr. Tao Wu, aged 52, has over 30 years of work experience in the financial insurance, automobile service and internet industries. Prior to joining the Company, Mr. Wu served at Autohome (a company whose shares are dually listed on the NYSE (stock code: ATHM) and the Hong Kong Stock Exchange (stock code: 2518)), where he held positions of executive director and Chief Executive Officer from December 2023 to February 2025, and Vice President from July 2016 to November 2020. Mr. Wu also worked at Ping An Property & Casualty Insurance Company of China, Ltd. (“Ping An Property & Casualty”), serving as a director of Ping An Property & Casualty from August 2023 to June 2024. From November 2020 to December 2023, Mr. Wu successively served as the Director of Operations, Deputy General Manager, and Executive Deputy General Manager at Ping An Property & Casualty. From August 2015 to July 2016, he served as the General Manager of Ping An Property & Casualty Guangdong Branch. From January 2012 to August 2015, he successively held positions as the Deputy General Manager and the General Manager of the Motor Insurance Claim Department at the headquarters of Ping An Property & Casualty. Mr. Wu served as the Deputy General Manager at certain branches of Ping An Property & Casualty, including Fujian Branch from May 2011 to January 2012 and Xiamen Branch from July 2008 to May 2011. From September 2001 to July 2008, he worked at Ping An Property & Casualty, mainly responsible for motor insurance underwriting and dealership channel management. Mr. Wu obtained a bachelor’s degree in automotive engineering from Tsinghua University in July 1995.

The Company is pleased to welcome Mr. Ji as Co-Chief Executive Officer and Mr. Wu as Executive Deputy General Manager and Chief Marketing Officer and looks forward to their leadership in advancing the Company’s vision and future growth.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. Lufax offers financing products designed to address the needs of small business owners and others. In doing so, Lufax has established relationships with 85 financial institutions in China as funding partners, many of which have worked with Lufax for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com 

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

ATTACK SHARK Unveils R11 ULTRA: A Carbon Fiber Flagship Redefining Lightweight Precision in Gaming

NEW YORK, Oct. 31, 2025 /PRNewswire/ — Gaming is no longer just a contest of reflexes and performance. It has evolved into a fusion of technology, vision, and design. Embodying this philosophy, ATTACK SHARK, a gaming peripheral brand specializing in affordable, high-performance mechanical keyboards, gaming mice, and accessories, has recently introduced the R11 ULTRA, its latest flagship carbon fiber gaming mouse. This launch marks a major leap forward in combining advanced material science with top-tier engineering, setting a new benchmark for precision, durability, and responsiveness in professional gaming gear.

ATTACK SHARK R11 ULTRA Carbon Fiber Wireless 8K PAW3950MAX Gaming Mouse
ATTACK SHARK R11 ULTRA Carbon Fiber Wireless 8K PAW3950MAX Gaming Mouse

The R11 ULTRA’s most striking innovation lies in its material: forged dry carbon fiber. Inspired by the full-carbon body of Formula 1 race cars, this material offers an exceptional balance of lightness and strength. With a tensile strength exceeding 3,500 MPa—several times that of steel—dry carbon fiber allows the R11 ULTRA to achieve extreme lightweight construction without compromising structural rigidity. Crafted through a complex multi-stage process that demands artisan-level precision, each shell of the mouse embodies engineering mastery and material artistry.

Beyond its technical merits, the R11 ULTRA also stands out visually. Its unique surface pattern draws inspiration from Damascus steel blades, merging the fluid elegance of forged metal with the high-tech appeal of modern composites. The result is not only a gaming tool but also a statement piece, engineered for both beauty and performance.

At the heart of this flagship lies industry-leading hardware. The R11 ULTRA is equipped with a custom PixArt PAW3950MAX flagship sensor, offering up to 42,000 DPI, 750 IPS tracking speed, and 50G acceleration. Dual-engine architecture powered by the Nordic 52840 chipset ensures a wireless connection that is ultra-stable and virtually lag-free. Powered by an industry-leading 20,000 FPS static scan rate and an ultra-responsive 8,000 Hz polling rate, every click and movement are captured with millisecond precision, setting a new benchmark for speed and accuracy. The proprietary “Hunting Shark Mode” further enhances tracking sensitivity, enabling players to execute even the subtlest maneuvers, which is considered a key advantage in competitive esports environments.

Comfort and durability also reach new heights with the R11 ULTRA. Its Nano-Metal Ice coating stays cool even during marathon gaming, while double-layered feet ensure smooth glide. Omron optical switches rated for 70 million clicks and a 2-million-cycle F-Switch encoder deliver lasting reliability. The combination of refined ergonomics and industrial-grade durability creates an experience tailored for pros and enthusiasts alike. 

Behind this technological achievement stands ATTACK SHARK’s enduring philosophy: precision, speed, and power—qualities symbolized by its emblem of the ultimate predator. The brand’s motto, IGNITE YOUR GAMING JOURNEY, BUILD YOUR GAMING EMPIRE, captures its mission to empower gamers through cutting-edge innovation and craftsmanship. The R11 ULTRA continues the legacy of ATTACK SHARK’s acclaimed lineup, following the success of the R5 ULTRA carbon fiber mouse and the R2 and R3 magnesium alloy models. With a strong presence across North America, Europe, Southeast Asia, South America, the Middle East, Japan, and South Korea, ATTACK SHARK continues to expand its influence in the global gaming hardware landscape.

The introduction of the R11 ULTRA signals the next evolution of gaming precision. By advancing materials engineering and performance optimization, ATTACK SHARK sets higher standards in esports technology, where innovation meets instinct and every motion becomes mastery.

For more information, please visit https://attackshark.com/ or connect with the brand on Social Media and Discord. To place an order, please visit the ATTACK SHARK Amazon Store for US, UK, Europe, and Japan.

SuperX Digital Power Launches Flagship “Panama + Aurora” Full-Chain 800VDC Power Solutions — Dual-Path Breakthrough for Data Center Power Bottlenecks

SINGAPORE, Oct. 31, 2025 /PRNewswire/ — SuperX AI Technology Limited (NASDAQ: SUPX) (“the Company” or “SuperX”), a provider of full-stack AI infrastructure solutions, today announced that its joint venture with Zhonhen Electric Co., Ltd. (“Zhonhen”), SuperX Digital Power Pte. Ltd. (“SuperX Digital Power”), has launched its first two flagship 800V Direct Current (800VDC) power products:

  • SuperX Panama-800VDC end-to-end Solution, designed for new-build data centers, and
  • SuperX Aurora-800VDC Retrofit Solution, tailored for both existing and new data centers.

Together, these innovations enable a major lead in power architecture design, supporting both next-generation hyperscale AI factories and existing data centers, by resolving long-standing power bottlenecks in high-density GPU cluster deployment.

With the next-generation GPU systems such as NVIDIA GB300 NVL72 driving single-rack power demands to 250kW and beyond, traditional AC architectures are reaching their physical limits in conversion efficiency, cable size, power density, and transient response.

Figure 1. NVIDIA Roadmap and SuperX Digital Power’s Products
Figure 1. NVIDIA Roadmap and SuperX Digital Power’s Products

Introducing SuperX Panama-800VDC and Aurora-800VDC

Combining advanced engineering with refined industrial design, the Panama-800VDC and Aurora-800VDC redefine DC power supply solutions for data center infrastructure, addressing diverse application scenarios and promoting a product strategy that supports both retrofit and new-built deployments.

Two Solutions for Different Scenarios

SuperX Panama-800VDC: End-to-end Native Architecture

Designed for new AI hyperscale centers, the Panama system adopts a pure DC path from the medium-voltage grid to the GPU, integrating MV switchgear, phase-shifting transformers, and 800V rectifier cabinets into a one-step power delivery framework.

Key features include:

  • Ultra-high power density and up to 98.5% efficiency.
  • Modular hot-swappable design for online maintenance.
  • Prefabricated deployment for rapid installation.
  • Scalable to 1 MW+ per rack, ideal for AI data-center environments.

SuperX Aurora-800VDC: Modular Retrofit Upgrade Solution

  • Tailored for operating data centers, Aurora enables “non-disruptive” upgrades via modular and customized design, eliminating the need to rebuild main distribution rooms or trunk lines.
  • Single-rack upgrades can be completed within hours, significantly reducing cost and downtime.
  • Scalable from 200 kW to 1 MW and beyond, SuperX Aurora supports seamless transitions and is optimized for next-generation AI data-center deployments exceeding 1 MW.

Figure 2. SuperX 800VDC Product Series
Figure 2. SuperX 800VDC Product Series

Industry Impact: Building a High-Efficiency, Green Compute Foundation

Through a “DC-to-Chip” direct-supply model, the Panama and Aurora systems reduce power conversions from 4–5 stages to just 1–2, achieving up to 98.5% system efficiency.
Together, they deliver four fundamental industrial advantages:

  1. Eliminating Transient Current Peaks
    Built-in energy-storage interfaces and intelligent power-regulation mechanisms buffer millisecond-level GPU load fluctuations ranging from milliseconds to several seconds, ensuring grid stability and equipment safety.
  2. Reducing Copper Usage by Over 45%
    The 800VDC architecture dramatically lowers current for the same power, cutting cable diameter and copper consumption.
    Compared with the traditional AC power systems, a 1 GW data center deploying 800VDC can save an estimated 500,000 tons of copper.
  3. Achieving 98.5% System Conversion Efficiency
    Leveraging advanced GaN and SiC power devices with LLC resonant conversion, the Panama solution ensures high-efficiency transmission from medium-voltage input to GPU chips, minimizing energy loss and operational cost.
  4. Supporting Over 3.6 MW High-Power-Density Racks
    By simplifying power paths and eliminating redundant UPS/PDU units, the Panama system delivers up to 3.6 MW per rack, freeing nearly 50% of rack space for dense GPU deployment.

Customer Value: The “Compute + Power + Cooling” Full-Stack Advantage

Both the Panama-800VDC and Aurora-800VDC systems are fully compatible with NVIDIA Kyber rack architecture.

“We’re not only addressing today’s power bottlenecks. We’re building the sustainable energy foundation for next-generation AI infrastructure,” said Kenny Sng, Chief Technology Officer of SuperX AI Technology Limited. “With Panama and Aurora, SuperX has achieved a true Compute + Cooling + Power tri-stack capability. Whether building greenfield or retrofitting brownfield data centers, our customers gain a high-efficiency, reliable, and low-carbon compute infrastructure—end to end.”

About SuperX AI Technology Limited (NASDAQ: SUPX)

SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

About SuperX Digital Power Pte. Ltd.

SuperX Digital Power Pte. Ltd. is a Singapore joint venture established by a Subsidiary of SuperX AI Technology Limited (NASDAQ: SUPX) and Enervell Power, a subsidiary of Hangzhou Zhonhen Electric Co., Ltd. (SHE: 002364).

Safe Harbor Statement

This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. Forward-looking statements are based on current expectations and assumptions that, while considered reasonable are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. Except as required by law, we are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Follow our social media:

X.com: https://x.com/SUPERX_AI_ 
LinkedIn: https://www.linkedin.com/company/superx-ai
Facebook: https://www.facebook.com/people/Super-X-AI-Technology-Limited/61578918040072/#

Lake Superior Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on November 6, 2025

NEW YORK, Oct. 31, 2025 /PRNewswire/ — Lake Superior Acquisition Corp. (the “Company”) today announced that, commencing on November 6, 2025, holders of the 11,500,000 units (the “Units”) sold in the Company’s initial public offering (the “Offering”), including Units sold upon full exercise of the underwriters’ over-allotment option, may elect to separately trade the Class A ordinary shares and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market (“NASDAQ”) under the symbol “LKSPU.” Any underlying Class A ordinary shares and rights that are separated will trade on the NASDAQ under the symbols “LKSP” and “LKSPR,” respectively. Holders of Units will need to have their brokers contact the Company’s transfer agent, Efficiency, in order to separate the holders’ Units into Class A ordinary shares and rights.

The Units were initially offered by the Company in an underwritten offering. Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“CCM”), acted as sole book-running manager of the Offering. A registration statement on Form S-1 (File No. 333-287114) relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on September 30, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained by contacting Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com, or from the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Lake Superior Acquisition Corp. 

Lake Superior Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is led by Edward Cong Wang, its CEO and Chairman.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering, the anticipated use of the net proceeds and the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated or that the Company will consummate an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

Yalla Group Limited to Report Third Quarter 2025 Financial Results on November 10, 2025 Eastern Time

DUBAI, UAE, Oct. 31, 2025 /PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced that it will report its unaudited financial results for the third quarter 2025 after the U.S. market closes on Monday, November 10, 2025.

Yalla Group Limited will hold a conference call on Monday, November 10, 2025, at 8:00 PM Eastern Time, 5:00 AM Dubai Time on Tuesday, November 11, 2025, or 9:00 AM Beijing Time on Tuesday, November 11, 2025, to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States Toll Free: 

+1-888-317-6003

International:

+1-412-317-6061

United Arab Emirates Toll Free:

80-003-570-3598

Mainland China Toll Free:

400-120-6115

Hong Kong Toll Free: 

800-963-976

Access Code:

4820370

The replay will be accessible through November 17, 2025, by dialing the following numbers:

United States Toll Free:

+1-855-669-9658

International:

+1-412-317-0088

Access Code:

5560759

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.yalla.com.

About Yalla Group Limited

Yalla Group Limited is the largest MENA-based online social networking and gaming company, in terms of revenue in 2022. The Company operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games, popular in MENA, with in-game voice chat and localized Majlis functionality. Building on the success of Yalla and Yalla Ludo, the Company continues to add engaging new content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users’ evolving online social networking and gaming needs. Through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core games in the MENA region, leveraging its local expertise to bring innovative gaming content to its users. In addition, the growing Yalla ecosystem includes YallaChat, an IM product tailored for Arabic users, WeMuslim, a product that supports Arabic users in observing their customs, and casual games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in MENA. Yalla is also actively exploring outside of MENA with Yalla Parchis, a Ludo game designed for the South American markets. Yalla’s mobile applications deliver a seamless experience that fosters a sense of loyalty and belonging, establishing highly devoted and engaged user communities through close attention to detail and localized appeal that profoundly resonates with users.

For more information, please visit https://ir.yalla.com.

Investor Relations Contact

Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yalla.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com

Trane Technologies Reports Strong Third Quarter Results

Highlights (third-quarter 2025 versus third-quarter 2024, unless otherwise noted):

  • Record enterprise bookings of $6 billion, up 15 percent; organic bookings up 13 percent
  • Bookings strength led by Americas Commercial HVAC, up approximately 30 percent, applied solutions up over 100 percent
  • GAAP operating margin up 150 bps, adjusted operating margin* up 170 bps
  • GAAP continuing EPS of $3.82; adjusted continuing EPS* of $3.88, up 15 percent
  • Enterprise backlog of $7.2 billion, up 7 percent versus year-end 2024

*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.

SWORDS, Ireland, Oct. 31, 2025 /PRNewswire/ — Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $3.82 for the third quarter of 2025. Adjusted continuing EPS was $3.88, up 15 percent.

Third-Quarter 2025 Results

Financial Comparisons – Third-Quarter Continuing Operations

 

$, millions except EPS

Q3 2025

Q3 2024

Y-O-Y

Organic Y-O-Y
Change

Bookings

$5,979

$5,213

15 %

13 %

Net Revenues

$5,743

$5,441

6 %

4 %

GAAP Operating Income

$1,165

$1,025

14 %

GAAP Operating Margin

20.3 %

18.8 %

150 bps

Adjusted Operating Income*

$1,182

$1,026

15 %

Adjusted Operating Margin*

20.6 %

18.9 %

170 bps

Adjusted EBITDA*

$1,252

$1,127

11 %

Adjusted EBITDA Margin*

21.8 %

20.7 %

110 bps

GAAP Continuing EPS

$3.82

$3.43

11 %

Adjusted Continuing EPS

$3.88

$3.37

15 %

Pre-Tax Non-GAAP Adjustments, net**

$16.7

$1.2

$15.5

**For details see table 2 and 3 of the news release.

“In the third quarter, we delivered 15% adjusted EPS growth and achieved all-time-high quarterly bookings of $6 billion, up 13% organically, despite challenging residential markets,” said Dave Regnery, chair and CEO, Trane Technologies. “Our commercial HVAC business remains strong, and our project pipeline continues to expand as customers increasingly choose Trane Technologies for the most efficient and sustainable solutions.

“Our performance continues to be led by Americas commercial HVAC, with organic bookings up 30% — driven by more than 100% growth in applied solutions — and organic revenue up low-teens in the quarter.

“With our leading innovation, elevated backlog, and strong financial position, we are well-positioned to continue to deliver differentiated shareholder value over the long term.”

Highlights from the Third Quarter of 2025 (all comparisons against third-quarter 2024 unless otherwise noted):

  • Strong bookings of $6 billion, up 15 percent; organic bookings up 13 percent. Bookings strength led by Commercial HVAC, up approximately 30 percent.
  • Book-to-bill was more than 100 percent in Commercial HVAC in all regions.
  • Enterprise reported revenues were up 6 percent; organic revenues were up 4 percent.
  • Excluding Residential, enterprise organic bookings and revenues were up 26 percent and 10 percent, respectively.
  • GAAP operating margin was up 150 basis points, adjusted operating margin was up 170 basis points and adjusted EBITDA margin was up 110 basis points.
  • Volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment.

Third-Quarter Business Review (all comparisons against third-quarter 2024 unless otherwise noted)

Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, energy services and solutions, residential heating and cooling; and transport refrigeration systems and solutions.

 

$, millions

Q3 2025

Q3 2024

Y-O-Y Change

Organic Y-O-Y
Change

Bookings

$4,814.6

$4,296.9

12 %

12 %

Net Revenues

$4,663.3

$4,474.9

4 %

4 %

GAAP Operating Income

$1,002.6

$922.3

9 %

GAAP Operating Margin

21.5 %

20.6 %

90 bps

Adjusted Operating Income

$1,018.0

$920.7

11 %

Adjusted Operating Margin

21.8 %

20.6 %

120 bps

Adjusted EBITDA

$1,077.4

$993.9

8 %

Adjusted EBITDA Margin

23.1 %

22.2 %

90 bps

  • Strong bookings of $4.8 billion; reported and organic bookings both up 12 percent.
  • Bookings strength led by Americas Commercial HVAC, up approximately 30 percent, more than offsetting a decline in Residential bookings.
  • Reported and organic revenues were both up 4 percent.
  • Excluding Residential, Americas organic bookings and revenues were up 28 percent and 11 percent respectively.
  • GAAP operating margin was up 90 basis points, adjusted operating margin was up 120 basis points and adjusted EBITDA margin was up 90 basis points.
  • Strong volume growth in Commercial HVAC and positive price realization and productivity across the Americas segment more than offset inflation and lower volumes in Residential. The Company also continued high levels of business reinvestment.

Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions.

 

$, millions

Q3 2025

Q3 2024

Y-O-Y Change

Organic Y-O-Y
Change

Bookings

$791.1

$637.0

24 %

14 %

Net Revenues

$749.6

$667.8

12 %

3 %

GAAP Operating Income

$147.0

$137.4

7 %

GAAP Operating Margin

19.6 %

20.6 %

(100) bps

Adjusted Operating Income

$147.9

$137.1

8 %

Adjusted Operating Margin

19.7 %

20.5 %

(80) bps

Adjusted EBITDA

$157.4

$144.3

9 %

Adjusted EBITDA Margin

21.0 %

21.6 %

(60) bps

  • Strong bookings up 24 percent; organic bookings up 14 percent.
  • Reported revenues were up 12 percent including approximately 5 percentage points of positive foreign exchange impact and approximately 4 percentage points related to acquisitions. Organic revenues were up 3 percent.
  • GAAP operating margin was down 100 basis points; adjusted operating margin was down 80 basis points and adjusted EBITDA margin was down 60 basis points.
  • Volume growth and productivity were more than offset by acquisition-related integration costs, and continued high levels of business reinvestment and inflation.

Asia Pacific Segment: innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions.

 

$, millions

Q3 2025

Q3 2024

Y-O-Y Change

Organic Y-O-Y
Change

Bookings

$373.4

$279.0

34 %

32 %

Net Revenues

$329.6

$298.5

10 %

9 %

GAAP Operating Income

$74.2

$56.9

30 %

GAAP Operating Margin

22.5 %

19.1 %

340 bps

Adjusted Operating Income

$74.2

$56.9

30 %

Adjusted Operating Margin

22.5 %

19.1 %

340 bps

Adjusted EBITDA

$76.8

$62.7

22 %

Adjusted EBITDA Margin

23.3 %

21.0 %

230 bps

  • Strong bookings up 34 percent, organic bookings up 32 percent.
  • Reported revenues were up 10 percent, including approximately 1 percentage point of positive foreign exchange impact. Organic revenues were up 9 percent.
  • GAAP operating margin and adjusted operating margin were up 340 basis points, and adjusted EBITDA margin was up 230 basis points.
  • Strong volume growth, positive price realization and productivity more than offset inflation. The Company also continued high levels of business reinvestment.

Balance Sheet and Cash Flow

$, millions

Q3 2025

Q3 2024

Y-O-Y Change

Cash From Continuing Operating Activities Y-T-D

$2,054

$2,272

($218)

Free Cash Flow Y-T-D*

$1,786

$2,038

($252)

Working Capital/Revenue*

3.9 %

2.2 %

170 bps

Cash Balance June 30

$1,126

$1,928

($802)

Debt Balance June 30

$4,616

$5,269

($653)

  • Through September 30, 2025, cash flow from continuing operating activities was approximately $2.1 billion and free cash flow was approximately $1.8 billion.
  • Year-to-date through October, the Company deployed or committed approximately $2.8 billion of capital including approximately $840 million for dividends, $420 million for M&A, $1.35 billion for share repurchases and $150 million for debt retirement.
  • The Company expects to pay a competitive and growing dividend and to deploy 100 percent of excess cash to shareholders over time.

Full-Year 2025 Guidance

  • The Company expects full-year 2025 reported revenue growth of approximately 7 percent, including 1 percentage point related to acquisitions, and organic revenue growth of approximately 6 percent versus full-year 2024.
  • The Company expects GAAP continuing EPS for full-year 2025 of approximately $13.15 to $13.25, including $0.20 for non-GAAP adjustments. The Company expects adjusted continuing EPS for full-year 2025 of $12.95 to $13.05.
  • Additional information regarding the Company’s 2025 guidance is included in the Company’s third-quarter earnings presentation found at www.tranetechnologies.com in the Investor Relations section.

# # #
10/31/2025
(See Accompanying Tables)