Home Blog Page 352

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.

Louis Vuitton Celebrates 130 Years of the Monogram


TAIPEI, TAIWAN – Media OutReach Newswire – 15 July 2026 – In 2026, Louis Vuitton commemorates the 130th anniversary of its most enduring emblem: the Monogram, born in 1896. To mark this extraordinary milestone, the House unveils the Monogram 130 collection, a masterful dialogue between heritage and innovation, distilled into an exquisite range of small leather goods spanning long wallets, compact wallets and coin purses.

A Modern Tribute to an Icon

The Monogram Origine and Monogram Emblème lines breathe new life into the House’s signature motif, rendered in soft, vintage-inspired pastels and intricately woven jacquard. Beloved silhouettes, including the Victorine wallet and sleek zip-around designs, are refined with meticulous detailing, paying homage to time-honoured French savoir-faire while speaking fluently to the present moment.

Colour, Craft and Contemporary Spirit

The offering expands further with a suite of seasonal collections that push the Monogram into bold new territory. The Rainbow collection reimagines Monogram Empreinte leather in ethereal sage, buttery yellow and soft lavender, while Monogram Taigarama commands attention in vivid primary tones. Meanwhile, the LV Resort and Nautical collections evoke the House’s storied travel legacy, uniting striped canvas and Monogram Denim with vibrant, sun-soaked colourways.

Creative Direction by Pharrell Williams

Under the vision of Men’s Creative Director Pharrell Williams, the Pre-Fall 2026 small leather goods venture into striking new expression. Monogram Surplus camouflage and pixelated Damoflage canvas lead the charge. The Sport Capsule collection, meanwhile, channels the spirit of football, skiing and beach culture, infusing fresh energy into archival favourites like the Multiple wallet.

Poised between legacy and reinvention, the 2026 collections affirm the Monogram’s place not merely as a symbol of heritage, but as a living language of modern luxury.

Hashtag: #LVTAIWAN #LouisVuittonTaiWan #LVWallets #LVWalletLong #BestLuxuryWallets #WalletBrandsForGirl #LVWalletWomen #WalletForMen #WalletForWomen








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

Louis Vuitton Taiwan

Between a craftsman’s exceptional technique, and a designer’s vision and inventiveness, Louis Vuitton Taiwan offers its expertise to bring elegance and distinctiveness to its creations: shoes, watches, leather goods, ready-to-wear, jewelry and accessories.

TECO Showcases Powertrain and Motion Solutions at Taiwan Expo in Japan

Complete TJM Series Robotic Joint Modules Debut

TOKYO, July 15, 2026 /PRNewswire/ — TECO Electric & Machinery Co. (TWSE:1504), together with its Japanese subsidiary TECO Japan (TEJ), is participating in Taiwan Expo in Japan, held in Tokyo from July 15–17. Targeting Japan’s demand for intelligent manufacturing, electrified mobility and robotics, TECO showcases robotic joint modules, EV powertrain systems and high-payload commercial UAV powertrain systems, demonstrating its expansion from core motor technologies into integrated powertrain and motion solutions.

TECO Japan showcases the complete TJM Series robotic joint modules at Taiwan Expo in Japan.
TECO Japan showcases the complete TJM Series robotic joint modules at Taiwan Expo in Japan.

TECO President Fei-Yuan Kao stated, “Japan is a leading global market for electromechanical systems, industrial automation and smart manufacturing, and a key focus of TECO’s global expansion. Through the exhibition, TECO aims to strengthen brand visibility, deepen local industry partnerships and creating new business opportunities.”

As AI adoption accelerates demand for robotics, a highlight of TECO’s exhibition is the first complete showcase of the TJM Series robotic joint modules, including the M1-140, winner of the 2026 Taiwan Excellence Gold Award. The series comprises five sizes with rated torque ranging from 17 Nm to 361 Nm, peak torque up to 484 Nm, and a lightest module weighing only 0.7 kg. Designed for humanoid robots, quadruped robots and intelligent automation equipment, the platform delivers high precision, high torque density and modular flexibility.

TECO also showcases its T Power Pro 400 kW Hairpin Oil-Cooled Direct Drive Motor. Delivering up to 400 kW of output with efficiency exceeding 97.5%, the motor is more than 30% smaller than conventional motors while offering higher power density and reliability. Its ‘One Platform, Multiple Applications’ design supports demanding electric bus operations. Leveraging the same Hairpin platform, TECO has expanded its motor technology into high-payload commercial drone systems. Each motor generates more than 75 kg of maximum thrust and supports 50-150 kg-class UAV platforms for logistics, solar panel cleaning, firefighting and smart agriculture.

Established in 1992, TECO Japan is expanding beyond its motor business into EV powertrain systems and robotic joint modules. Through Taiwan Expo, TECO demonstrates its transformation into an integrated solutions provider. Leveraging TECO Japan’s local expertise and TECO’s global R&D and manufacturing capabilities, the company aims to become a trusted long-term partner in Japan.

About TECO

Founded in 1956, TECO Electric & Machinery (TWSE:1504) is a global leader in industrial motors and smart energy solutions. TECO leads Taiwan’s offshore wind substation market and holds over 85% of its electric bus powertrain market. https://www.teco.com.tw/zh-tw/

Valvoline™ Global, The Original Motor Oil, Accelerates Growth in Asia Pacific with Horse Powertrain Collaborations

The expansion secures Valvoline Global as Geely’s official lubricant technology partner, integrating its advanced fluids into factory-fill production and a newly launched aftersales network.

SINGAPORE and SYDNEY, July 15, 2026 /PRNewswire/ — Valvoline™ Global Operations, The Original Motor Oil and worldwide leader in automotive and industrial solutions, today announced an expanded strategic partnership with Horse Powertrain (“Horse”), a global manufacturer of powertrain solutions and joint venture between Geely, Renault and Aramco, which supplies automotive engines for Geely and other top automakers. Building on an existing factory-fill collaboration with Horse, the expanded partnership extends Valvoline Global’ s lubricant solutions into a broader vehicle service ecosystem, accelerating its business expansion in Asia Pacific.

Separately, Valvoline Global has entered a long-term aftersales agreement with Geely Auto Group (“Geely”), one of China’s largest automakers, to become its designated lubricant technology partner. As such, Valvoline Global will now supply high‑performance aftermarket lubricants for Geely vehicles, including other owned and operated brands under its parent company. Together, the expanded Horse and Geely partnership positions Valvoline to deliver a seamless lubricant solution that supports vehicles from initial assembly through the aftermarket ownership experience.

“Valvoline has demonstrated deep technical capability, a robust global supply chain, and a shared commitment to advancing the next generation of mobility solutions,” said Simon Hu, Chief Procurement Officer of Horse Powertrain. “This long-term collaboration reinforces our ability to deliver exceptional performance, durability, and sustainability to our customers, and we are pleased to have Valvoline Global as a strategic partner.”

“Our strengthened partnership with Horse Powertrain and Geely Auto Group is representative of where Valvoline Global is going,” said Michael Dreyer, SVP and General Manager for APAC, Valvoline Global Operations. “By delivering innovative, OEM-endorsed solutions from factory-fill to aftersales, supported by 160 years of expertise, we are working not just as a legacy oil brand, but as a preferred technology partner for next-generation mobility.”

Co-Developed Lubricants Formulated to Benefit Drivers

As part of Valvoline Global’ s agreement with Geely, the brand introduces a new line of co-engineered lubricants for Geely vehicles, including the Valvoline GEELY Ultra Full Synthetic Engine Oil, Valvoline GEELY Full Synthetic Engine Oil, and others. Co-developed with Geely and validated through rigorous OEM testing, these synthetic and full synthetic formulations are engineered for fuel economy, engine efficiency and cleanliness, and protection of critical engine components. All formulations available to consumers meet powertrain specifications required by Horse.

With 160 years in the lubricant industry, Valvoline Global is uniquely positioned to bring innovative products to car owners, who will benefit from the brand’s proven expertise. The partnership also reflects Valvoline Global’ s continued investment in strategic growth markets across the Asia Pacific region for business expansion and leader in the rapidly advancing mobility sector. These integrated strengths now serve as a compelling reference for pipeline OEMs seeking a future‑ready lubricant partner.

Industry Recognition: Valvoline Global at the 6th International Summit of Automotive Propulsion Systems (ISAPS)

Valvoline Global demonstrated its technical credibility as a participant in the 6th ISAPS hosted in China. The summit brings together major global OEMs and leading academics from top universities, enabling technical exchange on light-duty powertrain development between trusted technical partners in the mobility ecosystem. Valvoline Global’s participation underscores its growing reputation as a technical partner in the global mobility ecosystem. 

A display booth featuring Valvoline GEELY collaboration, showcasing co-developed lubricants and a timeline of their partnership, with product bottles arranged on a central table.
A display booth featuring Valvoline GEELY collaboration, showcasing co-developed lubricants and a timeline of their partnership, with product bottles arranged on a central table.

About Valvoline™ Global Operations

Valvoline™ Global, being America’s first branded motor oil, is powering the next generation of mobility through innovation for customers in 140+ countries and at more than 80,000 points of distribution. A worldwide leader in future-ready automotive and industrial solutions and best-in-class services for partners around the globe, our legacy of firsts spans 160 years.

With solutions available for every engine and drivetrain, from high-mileage and heavy duty to electric vehicles, Valvoline Global is inventing the way forward for mobility and beyond, expanding its heat transfer solutions to high performance computing.

Together with our parent company Aramco, one of the world’s largest integrated energy and chemicals companies, we are driving unparalleled product innovation and sustainable business solutions for what the future holds – on and off the road.

Follow us on Instagram, Facebook and LinkedIn.

Valvoline TM is a registered Trademark of Valvoline Global or its subsidiaries.

Binance Launches U.S. Stocks Trading and Previews bStocks Tokenized Securities

A major step in Binance’s vision to build a multi-asset financial super app for investing, trading, and on-chain finance

ISLAMABAD, July 15, 2026 /PRNewswire/ — Binance today introduced U.S. equities trading, giving eligible users access to more than 7,000 U.S.-listed stocks and ETFs. The launch reflects Binance’s belief that financial inclusion grows meaningfully when access to opportunities becomes simpler and more integrated. Binance will also soon introduce tokenized U.S. stocks, marking another step in its vision of a multi-asset financial super app.

Binance Launches U.S. Stocks Trading and Previews bStocks Tokenized Securities
Binance Launches U.S. Stocks Trading and Previews bStocks Tokenized Securities

“We have set out to reach the next 3 billion users, and to do that, we need to make it simpler for users to access opportunities across asset classes, diversify their portfolios, and move more easily between traditional investing and on-chain finance,” said Yi He, co-founder and co-CEO of Binance. “That is what a multi-asset financial super app should help people do.”

Enabled through Binance’s ADGM broker-dealer, Nest Trading Limited, the new offering expands Binance’s multi-asset platform by bringing U.S. equities trading and a path to tokenization into a unified user experience. By reducing friction around how users access and hold major traditional assets, Binance is building on an approach already proven in products like perpetual futures.

Eligible users will be able to trade U.S. equities with zero commission, purchase fractional shares starting at just $5, and have direct ownership of the equities held by a U.S.-regulated clearing broker, including eligibility for applicable dividends and corporate actions. Select equities will also be available for 24/5 trading. Purchases will primarily be made using USDC, with support for BNB, USDT, USD1, and $U, and sale proceeds will be received in USDC. Fully Paid Securities Lending (FPSL) will be available, allowing eligible users to earn passive income by lending their stock holdings.

In the coming weeks and subject to regulatory approvals, Binance will also introduce bStocks, tokenized securities representing select U.S. stocks and ETFs, issued by BTECH Holdings Ltd, a Special Purpose Vehicle (SPV) registered in the Abu Dhabi Global Market (ADGM). Once launched, bStocks tokenized securities will be available for trading on Binance Exchange.

As the largest digital assets exchange by trading volume and users, Binance will offer a native bridge from traditional stock ownership to programmable, always-on tokenized assets at a global scale that few others can match. This unlocks mobility and utility for real-world equities within and beyond the Binance ecosystem, enabling continuous on-chain access and potential DeFi applications, from lending to liquidity provision.

“Tokenization has the potential to reshape financial markets by giving users greater control, more flexibility, and ultimately more financial freedom,” said Richard Teng, co-CEO of Binance. “We see a significant opportunity to make financial assets more accessible, more useful, and more connected across traditional and digital markets.”

Important notes:

  1. This announcement is jointly made by Nest Trading Limited and Nest Exchange Limited.
  2. Nest Trading Limited acts as your introducing broker and routes your orders for Securities to its clearing broker partner, Alpaca, for execution, clearing, settlement and custody. Binance does not handle or custody your Securities. Securities are subject to high market and liquidity risk and price volatility (particularly outside traditional market hours).
  3. bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks Tokenized Securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR).  
  4. The issuance of bStocks tokenized securities is subject to regulatory approval by the FSRA.
  5. This announcement is for general information only and is not an offer, solicitation, recommendation, or invitation to buy or sell securities in any jurisdiction. The offering is available only to eligible users in permitted jurisdictions.
  6. Binance does not onboard or service U.S. persons. bStocks are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. bStocks have not been registered under the U.S. Securities Act of 1933 or any U.S. state securities laws.
  7. bStocks are subject to market risk, liquidity risk, issuer risk, custody risk, broker risk, operational risk, technology risk, regulatory risk, tax risk, fees, withholding, transfer restrictions, and possible loss of the entire investment. Users should read the applicable Prospectus, Terms of Use, Securities Trading Product Terms, bStocks Minting and Redemption Product Terms, Risk Warning, Exchange Rules, and Exchange Procedures before trading.