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HONOR Advances Its AI Vision at MWC 2026 with Robot Phone, Humanoid Robot and Magic V6

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From robotics innovation to flagship devices, HONOR expands its AI device ecosystem at MWC 2026

BARCELONA, Spain, March 2, 2026 /PRNewswire/ — At MWC 2026, HONOR advanced its Augmented Human Intelligence (AHI) vision and accelerated ALPHA PLAN through three connected pillars: Alpha Phone, Alpha Store and Alpha Lab. Building on its long-term commitment to human-centric AI, HONOR offered a preview of Robot Phone, a bold exploration of embodied intelligence and a new species of smartphone that reimagines how future AI devices could integrate motion and spatial awareness.

Alongside this futuristic innovation, HONOR unveiled Magic V6, the pinnacle of its foldable innovation, combining breakthrough silicon-carbon battery technology, advanced display engineering and AI-enhanced productivity in its most refined foldable design to date. Together with new ecosystem devices, HONOR MagicPad 4 and MagicBook Pro 14, these announcements reinforce HONOR’s roadmap to integrate intelligent hardware and software around real human needs.

James Li, CEO of HONOR, said: “With Human-centric as our lighthouse, we navigate the growth of AI through the two beams of IQ and EQ, bringing three forms of intelligence together. We are exploring the new paradigm of AI devices with Alpha Phone; hosting the new paradigm of AI ecosystem with Alpha Store; and building the new paradigm of a silicon-carbon civilization with Alpha Lab. With three waves of the Alpha Plan, we now have all the components in place and we are driving this journey at full warp speed.”

HONOR Magic V6: A New Foldable Benchmark


While Robot Phone explores the future of embodied intelligence, Magic V6 represents cutting-edge flagship foldable innovation. Building on HONOR’s leadership in foldable design, Magic V6 delivers a device engineered for durability, performance and intelligent productivity.

Combining an ultra-thin 8.75mm[1] closed profile with reinforced structural integrity and advanced hinge architecture, Magic V6 is engineered for long-term reliability while maintaining exceptional slimness. The device is rated IP68 and IP69[2] for water and dust resistance, reinforcing its resilience in everyday environments. Within this ultra-thin foldable design, HONOR integrates its next-generation silicon-carbon battery technology.

Made possible by partnering with ATL, Magic V6 gets HONOR’s fifth-generation silicon-carbon material, addressing the challenge of balancing slimness and high energy density. This innovation empowers HONOR Magic V6 to achieve an industry-first silicon content of 25%, supporting higher energy density in an ultra-thin foldable design. The result is a 6,660mAh battery[3] housed in one of the thinnest foldables on the market, redefining expectations for endurance in the category without compromising design.

At MWC 2026, HONOR also demonstrated next-generation battery innovation with the all-new HONOR Silicon-carbon Blade Battery, featuring 32% silicon content and 900+ Wh/L. Designed to enable foldables to enter the 7000mAh era, it signals a further leap in ultra-thin, ultra-high energy battery technology.

Magic V6 also sets a new benchmark in foldable display innovation. Its dual flagship LTPO 2.0 screens, measuring 6.52 inches externally and 7.95 inches[4] when unfolded, deliver adaptive 1–120Hz refresh rates and peak brightness of up to 6,000 nits and 5,000 nits respectively for HDR content. The inner display features ultra-thin flexible glass with SGS Minimized Crease Certification and a 44% reduction in crease depth compared to the previous generation, creating a flatter, more immersive canvas. A silicon nitride–based anti-reflection stack reduces reflectivity to as low as 1.5%, while advanced 4320Hz PWM dimming[5] and AI Defocus Display enhance comfort during prolonged use. Together, these innovations make Magic V6 more refined and durable across everyday interaction.

When using its expansive unfolded display, AI-enhanced productivity features optimize multitasking, content creation and communication. Cross-ecosystem tools further enhance flexibility, positioning Magic V6 as a powerful companion device, seamlessly working alongside Apple’s ecosystem.

As the first foldable powered by the Snapdragon 8 Elite Gen 5[6], matched with advanced vapor chamber cooling for sustained performance, Magic V6 delivers ultra-smooth gaming, multitasking and demanding workloads, making it the truest expression of an AI-era foldable available today, engineered to endure and assist.

HONOR AI Ecosystem: MagicPad 4 and MagicBook Pro 14

Extending its AI-powered portfolio beyond smartphones, HONOR also introduced MagicPad 4 and MagicBook Pro 14 to its flagship ecosystem at MWC 2026.

HONOR MagicPad 4, powered by the Snapdragon 8 Gen 5 mobile platform[5], brings flagship-class performance to an ultra-slim 4.8mm tablet form factor. Its category-leading 3K OLED display features a 165Hz refresh rate, and with AI-enhanced multitasking tools, MagicPad 4 is designed to support fluid productivity and content creation across its 12.3-inch display. As with Magic V6, cross-device collaboration enables seamless interaction alongside smartphones and multi-platform environments, including Apple’s ecosystem. Moreover, based on the new Linux Lab in Developer Options, we can successfully deploy and run the OpenClaw[7] AI assistant on HONOR MagicPad4, providing a more convenient environment and broader possibilities for unlocking more efficiency tools and productivity scenarios in the future.


HONOR MagicBook Pro 14 further strengthens HONOR’s AI-laptop offering, with performance driven by the Intel Core Ultra Series 3 Processors[8]. Engineered for sustained workloads, creative tasks and everyday efficiency, it pairs a color-accurate 14.6-inch OLED display with class-leading battery performance, intelligent performance management and an ultra-light design for enhanced portability.

Together, MagicPad 4 and MagicBook Pro 14 reinforce HONOR’s strategy of integrating AI across device categories, delivering connected, intelligent experiences beyond the smartphone.

Advancing Intelligent Devices and Robots for the AI Era

At its launch event, HONOR also unveiled its first humanoid robot, signaling a broader strategic move to leverage its expertise in mobile technology to create consumer-grade robots. HONOR’s robots will focus on three core scenarios: shopping assistance, workplace inspections, and especially supportive companionship. Unlike traditional robotics companies, HONOR brings a deep understanding of users developed through its smartphones and connected devices. This ecosystem continuity enables future embodied AI devices to recognize users, understand their needs and provide personalized physical assistance from the first interaction.

Together, Robot Phone, humanoid robot, HONOR Magic V6, MagicPad 4 and MagicBook Pro 14 demonstrate how HONOR is extending AHI across both digital and physical experiences. From embodied AI exploration to flagship foldable engineering and AI-powered productivity, each announcement reflects deeper integration of intelligence across hardware and software.

Availability and Pricing

HONOR Magic V6 will be available in select markets in H2 this year, with regional availability to be confirmed. Further details on configurations, color options and pricing will be announced locally.

HONOR MagicPad 4 will be available in Grey and White, starting at €699. Availability, configurations and promotional bundles may vary by region.

About HONOR 

HONOR is a global leading AI device ecosystem company. It is committed to revolutionizing human-to-device interactions to bridge the AI ecosystem with all consumers in the agentic AI era and beyond.

[1] 8.75mm refers to the thickness of the device in its folded state. Thickness does not include protective films or the raised camera module.

[2] IP68 and IP69 ratings are tested under controlled laboratory conditions. Water and dust resistance may decrease due to daily wear and tear.

[3] The typical battery capacity is 6,660mAh, and the rated battery capacity is 6,510mAh.

[4] With a rounded-corner display design, the diagonal lengths of the internal and external screens are measured as standard rectangles. Actual viewable area may be slightly smaller.

[5] 4320Hz PWM dimming is not a medical feature and should not be used for treatment purposes.

[6] Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

[7] This feature is for reference only. Actual AI capabilities require users to complete installation and deployment; supported on MagicPad 4 Commercial Edition and above.

[8] Intel and the Intel logo are trademarks of Intel Corporation or its subsidiaries.

 

Halia Therapeutics Announces Presentation at the BIO Investment & Growth Summit

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LEHI, Utah, March 2, 2026 /PRNewswire/ — Halia Therapeutics, a clinical-stage biopharmaceutical company advancing therapies grounded in human biology, today announced that it will deliver a company presentation at the BIO Investment & Growth Summit.

David Bearss, Ph.D., Chief Executive Officer of Halia Therapeutics, will present an overview of the company’s strategy, platform, and clinical programs.

Presentation Details

Event:  BIO Investment & Growth Summit
Date/Time:  Monday, March 2, 2026 at 2:30 PM
Location:  Ballroom I, Salon C

About NEK7

NEK7 is a critical regulator of inflammasome activation and a required component for assembly and activation of the NLRP3 inflammasome. Activation of this pathway can drive the release of proinflammatory cytokines, including IL-1β and IL-18, contributing to chronic inflammation across hematology, cardiometabolic, pain, and other inflammation-driven diseases. Targeting NEK7 offers a pathway-level approach to modulating NLRP3 inflammasome activity upstream, providing a differentiated strategy versus blocking individual downstream cytokines.

About Halia Therapeutics

Halia Therapeutics is a biotechnology company developing first-in-class inflammasome inhibitors. We target the root causes of inflammation-driven diseases to create transformative therapies.

Media Contact
Taylor Avei
Director of Business Development
Halia Therapeutics
info@haliatx.com

Compax MVNE continues to support Airalo’s eSIM platform

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VIENNA, AUSTRIA – Newsaktuall – 2 March 2026 – Compax, a leading solution provider in the MVNO and telco space, will continue to support Airalo, the world’s first and largest eSIM platform.

Airalo and Compax have extended their partnership for another five years, ensuring Airalo continues to run on the powerful Compax backend platform. This technology allows Airalo to quickly launch and manage data plans across more than 200 destinations. By using the Compax real-time charging system, Airalo can accurately track data usage and set custom pricing independently, without having to rely on the technical systems of local phone carriers. This total control ensures that Airalo can offer its 20 million users the most flexible and competitive travel eSIM rates on the market.

Compax is proud to support Airalo as it continues to launch new products and services, ensuring its 20M+ customers can stay connected seamlessly across more than 200 destinations, regardless of their travel plans.

“At Airalo, our goal is to provide our customers with reliable connectivity and a seamless experience. Extending our partnership with Compax MVNE for another five years ensures we have the technical foundation to keep that promise,” explained Peter Nussbaumer, VP of Networks at Airalo. “Compax MVNE’s platform gives us the independence to launch new products and manage complex global data plans in real-time, allowing us to stay agile and focus on what matters most: keeping our 20 million users connected, no matter where their journey takes them.”

“The Airalo team set out to transform the way travelers enjoy connectivity abroad forever and they are not falling short on their goal. It’s an absolute pleasure for us to be a part of their journey and assist them on their mission. Connectivity is at the heart of everything we do in our modern ways of life and the Airalo offering is perfectly tuned to that beat.” said Werner Kohl, CEO of Compax.

Hashtag: #CompaxMVNE

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

About Compax

Compax is a leading BSS/OSS software provider for the telecommunications industry. Its business software suite covers the full spectrum required to cover areas such as DSL, FTTH, MVNO and related industries: Apps and portals for customer orders and selfcare, convergent product catalog, CPQ, order management, CRM, contact center, billing, accounting, payments, online charging, and retail management. Compax enables operators to bring new services, offers, and brands to market with a quick turnaround and covering B2B, B2C, and B2B2X scenarios. Relying on proven agile methodology, Compax successfully serves top brands around the globe.

About Airalo
Airalo, founded in 2019, is the world’s largest travel eSIM platform. Trusted by over 20 million travelers, Airalo offers eSIM packages in 200+ destinations, empowering users to connect to mobile networks worldwide instantly. With a remote team of over 300 people, spanning more than 50 countries, Airalo is committed to making mobile connectivity on the move easier, more affordable, and accessible to all.

Many happy returns as Kai Tak Sports Park celebrates first anniversary

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Over 120 event days in first year of operation


HONG KONG SAR – Media OutReach Newswire – 2 March 2026 – Hong Kong’s Kai Tak Sports Park (KTSP) celebrated its milestone first anniversary on Sunday (1 March), successfully hosting nearly 50 major events and delivering over 120 international and local sports and entertainment days since its grand opening.

KTSP has established a unique identity as the city’s new “Home Venue” for major sports and entertainment events. Highlights have included the Hong Kong Sevens (rugby), the Hong Kong Football Festival featuring top teams such as Liverpool, AC Milan, Arsenal and Tottenham Hotspur, as well as concerts by British rock band Coldplay, Mandopop rock band Mayday, singer Jay Chou and global pop icons BLACKPINK.

Kai Tak Sports Park has established a unique identity as Hong Kong's new
Kai Tak Sports Park has established a unique identity as Hong Kong’s new “Home Venue” for major sports and entertainment events

Sports activities at the Park have welcomed more than 840,000 participants so far. In terms of sports activities, the three major facilities—Kai Tak Stadium, Kai Tak Arena and Kai Tak Youth Sports Ground—together with the bowling centre, outdoor sports facilities and open spaces in the precinct, are expected to surpass 200 event days from the Park’s opening through to the end of March 2026.

In the past year, the utilisation rates of the Kai Tak Stadium and Kai Tak Arena have reached close to 90%. Kai Tak Stadium has already attracted over 1.8 million attendees, rapidly becoming a powerful new driving force in advancing Hong Kong’s sports industry, events economy, and tourism development.

“Our first anniversary is not only a major milestone for Kai Tak Sports Park, but also a moment of pride for Hong Kong. Over the past year, we witnessed athletes’ determination, outstanding performances from artists, and the unforgettable energy of cheering audiences. Each event has touched and inspired us.

“As Hong Kong’s largest integrated sports, leisure and entertainment landmark, we are committed to bringing the community together while strengthening Hong Kong’s connection with the Greater Bay Area and the international stage,” said a spokesperson for KTSP.

The centerpiece 50,000-seat Kai Tak Stadium was ranked third in the world and top in Asia for total ticket sales in 2025 just nine months after its debut, according to Pollstar’s 2025 year-end stadium charts (published mid-December 2025). Pollstar also ranked Kai Tak Stadium No.5 worldwide and No.1 in Asia for total gross revenue (1.25 million passes worth US$191.34 million). Meanwhile, the 10,000-seat Kai Tak Arena, was ranked Asia’s No. 8 in terms of total gross revenue.

“Seeing the Park evolve over the past year into a major sports destination for Hong Kong has been incredibly inspiring,” said Hong Kong, China karatedo team former representative, Lee Chun Ho. “Every time I walk in, I can feel the energy. The professional facilities not only support large-scale events but also make it easier for the public to access different sports, whether they’re beginners or experienced enthusiasts.”

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With an expanding line‑up of exciting events, enhanced visitor experiences and an increasingly compelling programme of global attractions, KTSP will further advance the integration of culture, sports and tourism, ushering in an even brighter and more vibrant chapter for Hong Kong.

Hashtag: #HongKong #BrandHongKong #KTSP #Sports #Entertainment #Landmark #MegaEvents





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

Green SM Named “Best EV Carpooling App” In the Asia-Pacific Region

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Ho Chi Minh, Vietnam – Media OutReach Newswire – 2 March 2026 – GreenSM has been honored at the Sensor Tower APAC Awards 2025 with the title of “Best EV Carpooling App.” The annual awards program, organized by global digital intelligence firm Sensor Tower, recognizes mobile applications demonstrating outstanding performance across the Asia–Pacific region.

Sensor Tower honored Green SM as the "BEST EV CARPOOLING APP" in the Asia-Pacific region. (Photo source: Sensor Tower)
Sensor Tower honored Green SM as the “BEST EV CARPOOLING APP” in the Asia-Pacific region. (Photo source: Sensor Tower)

Award recipients are evaluated entirely based on independent performance data, including key indicators such as downloads, monthly active users (MAU), growth rates, in-app purchase revenue, and user engagement. These metrics reflect sustained operational effectiveness and performance over time. Green SM’s recognition not only marks a breakthrough for the brand but also demonstrates consistent growth and sufficient operational stability to be recognized at a regional level.

According to the published results, Green SM achieved 114.4% year-on-year MAU growth in 2025 and ranked No. 1 in downloads among EV-focused carpooling platforms in the region. This performance reflects steady expansion across the company’s operating markets, including Vietnam, Laos, Indonesia, and the Philippines.

Behind these growth figures lies a systematically built operational foundation. Green SM maintains that growth is only sustainable when accompanied by the ability to deliver consistent service quality across all operating markets. Scaling its electric fleet while ensuring a uniform and reliable user experience has remained a central priority throughout the company’s development.

This operational stability benefits both sides of the platform. Passengers experience transparent, dependable services, while the Green Driver community operates within a clearly structured, long-term-oriented work environment. For Green SM, growth and quality control are pursued in parallel as two core pillars of sustainable development.

Mr. Nguyen Van Thanh – Global CEO of Green SM stated: “Recognition through an independent data evaluation system affirms that the fully electric mobility model we are pursuing is on the right track. More important than growth speed is the trust we earn from users in every market where we operate. That trust motivates us to continuously refine our fully electric mobility model, ensuring stable operations, structured technology deployment, and sustainable long-term development.”

In the context of an increasingly competitive mobile application landscape, recognition grounded in independent performance data demonstrates that Green SM’s growth is built on a structured, scalable operational platform. The ability of an electric mobility model to achieve strong regional growth while maintaining consistent service quality confirms that this is no longer an experimental alternative, but a practical direction for modern urban transportation.

Previously, Green SM was also honored at the VnExpress Tech Awards 2025 with the titles “Outstanding Ride-Hailing App” and “Vietnamese Tech Brand of the Year,” and received the “CXP Best Customer Experience Award,” which recognized its implementation capabilities and consistent operational standards across the system.

Hashtag: #GreenSM

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

The largest pharma show in Asia makes its return to Shanghai this June 2026

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SHANGHAI, March 2, 2026 /PRNewswire/ — CPHI & PMEC China 2026 is set to take place from 16 to 18 June 2026 at the Shanghai New International Expo Centre (SNIEC), building on its extremely successful run over the last few years.

CPHI & PMEC China 2026
CPHI & PMEC China 2026

As the world’s premier destination for pharmaceutical ingredients and manufacturing solutions, this year’s edition is set to bring together over 110,000 attendees, and more than 3,600 local and international exhibitors. This comfortably makes CPHI & PMEC China Asia’s largest pharma event, offering unparalleled opportunities to source, supply and innovate within China’s pharmaceutical powerhouse.

The extraordinary growth of CPHI & PMEC China speaks to the country’s reputation as the global hub for pharmaceutical building blocks. The event has become the essential marketplace for global products and solutions that power modern medicine worldwide, from APIs and natural extracts, machinery, laboratory instruments and packaging, to biotech and Traditional Chinese Medicine (TCM).

Orhan Caglayan, Executive Vice President, Pharma Portfolio, Informa Markets, adds, “The growth of CPHI & PMEC China mirrors the extraordinary pace of innovation in China, solidifying its position as the ultimate destination for sourcing, supply chain optimisation and forging strategic partnerships. CPHI & PMEC China 2026 is a testament to the resilience and future-forward vision of the pharmaceutical industry.” 

The 2026 edition will feature expanded zones, including TCM pavilions and next-generation API showcases, reflecting China’s dual strengths in heritage ingredients and cutting-edge pharmaceutical advancements. First-time exhibitors and specialized areas for medical aesthetic packaging, frontier technologies, and smart lab spaces will further enhance the event’s comprehensive offerings.

Attendees will gain access to Asia’s largest concentration of pharmaceutical machinery manufacturers and cutting-edge production technologies. Live equipment demonstrations, technical seminars, and networking programs, such as the Hosted Buyer Matchmaking Program and plant visits, will facilitate direct connections between international buyers and leading suppliers.

More than 100 conferences and workshops, led by over 700 experts and officials, will provide attendees with unparalleled access to market intelligence and technical expertise. These sessions position participants at the heart of rapid innovation, from investigational drugs to biotech and machinery developments. 

Don’t miss this definitive global platform for sourcing from China’s leading manufacturers, discovering TCM ingredients and natural extracts, evaluating pharmaceutical machinery for production needs, partnering with contract manufacturers, networking, learning and staying ahead of trends in pharmaceutical innovation.

For more information and registration, visit https://www.cphi.com/china/en/home.html

CooperVision Expands MyDay® MiSight® 1 day Myopia Control Soft Contact Lenses Into Asia Pacific Region

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Second Phase of Rollout Builds on Strong Momentum Across Europe and UK.

ROCHESTER, N.Y., March 2, 2026 /PRNewswire/ — CooperVision is continuing its global rollout of MyDay® MiSight® 1 day contact lenses with immediate availability in Australia and New Zealand, marking the myopia control product’s first entry into the Asia Pacific region. In addition, the innovative lenses are now shipping in South Africa and Israel, building on the initial launch earlier this year across Europe, the Middle East and Africa. 

CooperVision MyDay® MiSight® 1 day
CooperVision MyDay® MiSight® 1 day

The expansions underscore the company’s commitment to making evidence-based myopia management interventions accessible to eye care professionals (ECPs) and children worldwide.

“Myopia is a pressing health challenge of epic proportions, now affecting nearly one in three children worldwide,” said Debbie Olive, Chief Commercial Officer for CooperVision.*1,2,3 “The growing availability and adoption of our myopia control contact lenses, including MyDay® MiSight® 1 day, are helping drive a meaningful shift in pediatric eye care by supporting children’s vision today while helping protect their sight for the future.”

MyDay® MiSight® 1 day combines the proven MiSight® 1 day ActivControl® Technology with the advanced silicone hydrogel material used in MyDay® lenses, offering “always-on” myopia control alongside the comfort and performance of a daily disposable silicone hydrogel lens.†4 This technology has demonstrated an approximate 50% reduction in myopia progression and is supported by the longest-running soft contact lens clinical trial for myopia control in children. ‡5,6

“The introduction of MyDay® MiSight® 1 day into the Asia Pacific region marks an important milestone in our global efforts to make the latest in evidence-based myopia control accessible to as many children as possible,” said Jennifer Lambert, VP – Myopia Control & Cornea Care for CooperVision, CooperVision. “As MiSight® products become available in more markets worldwide, CooperVision’s scale and focus are driving a shift in the paradigm, from simply correcting vision to actively controlling myopia progression.”

CooperVision expects to continue its phased MyDay® MiSight® 1 day expansion in the coming months, including additional availability in Asia Pacific markets.

To find out more about CooperVision’s contact lens portfolio and evidence-based myopia management interventions, visit: www.coopervision.com/select-region 

About CooperVision
CooperVision, a division of CooperCompanies (Nasdaq: COO), is one of the world’s leading manufacturers of contact lenses. The company produces a full array of daily disposable, two-week and monthly soft contact lenses that feature advanced materials and optics, and premium rigid gas permeable lenses for orthokeratology and scleral designs. CooperVision has a strong heritage of addressing the toughest vision challenges such as astigmatism, presbyopia, childhood myopia, and highly irregular corneas; and offers the most complete portfolio of spherical, toric and multifocal products available. Through a combination of innovative products and focused practitioner support, the company brings a refreshing perspective to the marketplace, creating real advantages for customers and wearers. For more information, visit www.coopervision.com.

About CooperCompanies
CooperCompanies (Nasdaq: COO) is a leading global medical device company focused on helping people experience life’s beautiful moments through its two business units, CooperVision and CooperSurgical. CooperVision is a trusted leader in the contact lens industry, helping to improve the way people see each day. CooperSurgical is a leading fertility and women’s healthcare company dedicated to putting time on the side of women, babies, and families at the healthcare moments that matter most. Headquartered in San Ramon, Calif., CooperCompanies has a workforce of more than 15,000, sells products in over 130 countries, and positively impacts over 50 million lives each year. For more information, please visit www.coopercos.com.

Forward-Looking Statements
This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 including, among others, statements regarding the launch of MyDay® MiSight® 1 day. Forward-looking statements necessarily depend on assumptions, data or methods that may be incorrect or imprecise and are subject to risks and uncertainties. Among the factors that could cause actual results and future actions to differ materially from those described in forward-looking statements are risks relating to challenges inherent in developing, manufacturing, launching, marketing, and selling new or alternative products; potential product performance, availability and quality issues; competition; launch delays; and other factors described in CooperCompanies’ Securities and Exchange Commission filings, including the “Business”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Cooper’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024, as such Risk Factors may be updated in annual and quarterly filings. CooperCompanies cautions investors that forward-looking statements reflect the company’s analysis only on their stated date. CooperCompanies disclaims any intent to update them except as required by law.

Media Contact
Laura DiCaprio, APR
McDougall Communications for CooperVision
laura@mcdougallpr.com or +1-585-434-2148

_________________________________

* Based on a comprehensive analysis of 276 studies, involving a total of 5,410,945 children and adolescents with spherical equivalent of -0.50D or less, aged 6-19 from across 50 countries, with notable variations in prevalence across different demographic groups.
† Proven to slow myopia progression in children compared to a single vision 1-day lens over a 3-year period.
‡ Using measured and modeled data, pooled across ages (8-17), myopia progression was slowed by an average of approximately 50% with MiSight® 1 day, which shares the same ActivControl® Technology with MyDay® MiSight® 1 day.

_________________________________

1 Holden BA, Fricke TR, Wilson DA, et al. Global prevalence of myopia and high myopia and temporal trends from 2000 through 2050. Ophthalmology. 2016;123(5):1036-1042.
2 Liang J, Pu Y, Chen J, et al, Global prevalence, trend and projection of myopia in children and adolescents from 1990 to 2050: a comprehensive systematic review and meta-analysis, British Journal of Ophthalmology 2025;109:362-371.
3 James S. Wolffsohn, Monica Jong, Earl L. Smith, Serge R. Resnikoff, Jost B. Jonas, Nicola S. Logan, Ian Morgan, Padmaja Sankaridurg, Kyoko Ohno-Matsui; IMI 2021 Reports and Digest – Reflections on the Implications for Clinical Practice. Invest. Ophthalmol. Vis. Sci. 2021;62(5):1. https://doi.org/10.1167/iovs.62.5.1.
4 Chamberlain P et al A 3-year Randomized Clinical Trial of MiSight Lenses for Myopia Control. OVS 2019;96:556-567.
5 Arumugam B et al. Modelling Age Effects of Myopia Progression for the MiSight 1 day Clinical Trial. IOVS 2021;62(8):2333.
6 CVI data on file, 2025.

 

Photo – https://laotiantimes.com/wp-content/uploads/2026/03/coopervision_myday_misight_1_day.jpg 
Logo – https://mma.prnewswire.com/media/2854596/5829336/CooperVision_Logo.jpg

 

HIGHWAY HOLDINGS REPORTS FISCAL YEAR 2026 THIRD QUARTER AND NINE MONTH RESULTS

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HONG KONG, March 2, 2026 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO) (the “Company” or “Highway Holdings”) today reported financial results for its third quarter and nine months fiscal 2026 ended December 31, 2025. The Company’s results reflect the continued impact of the previously disclosed loss of a significant electric motor customer, as well as ongoing actions to diversify its revenue base and execute its strategic acquisition program during the transition period. The Company intends for its strategic initiatives, cost actions, and acquisitions to potentially support a return to profitability in the next fiscal year.

Net revenue for the first nine months of fiscal year 2026 decreased 34.6% to $3.8 million, compared with $5.9 million in the year ago period. Net loss for the first nine months of 2026 was $427,000, or $0.09 per basic share, compared with a net income of $421,000, or $0.10 per diluted share for the year ago period.

Net revenue for the third quarter of fiscal year 2026 decreased 40.5% to $1.1 million compared with $1.9 million in the year ago period. Net loss for the third quarter of fiscal year 2026 was $115,000, or $0.02 per basic share, compared with net income of $92,000 or $0.02 per diluted share in the year ago period.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, said, “Unfortunately our entire fiscal year 2025 was affected by the political decisions of our biggest customers to stop all their business from Myanmar. Our beautiful and highly profitable factory in Yangon, and our dedicated employees who have served our customers for many years were severely affected by it. The operations came to a near full stop, with the exception of some business from smaller customers and wind-down orders. Consequently, we had to lay off most employees. Today, we only operate with the essential core. They are the best, most skilled and knowledgeable employees, including the management. We believe that with this core group we can restart operations in a very short time. After reviewing business options and market opportunities to best leverage our Myanmar factory, we found an electric car manufacturer in China, which gave us a permit to assemble car kits in order to sell them in Myanmar. Our Myanmar management is busy negotiating with the Myanmar government to allow this change of business, as well as to secure an import license for the electric car kits and vehicle road permit.  If the company obtains the Myanmar import license, our goal would be to import low-cost Chinese electric car kits, assemble the kits in Yangon, and then sell the completed vehicle for use in Myanmar. While we are excited about the growth potential of this new business, there is no guarantee we will be successful in our negotiations to obtain all required rights, or that we will be able to successfully manufacture and sell the electric vehicles; such major changes take time, patience and working capital to execute. Our Chinese factory remains a bright spot and is running smoothly but is not at high enough volume level to support the entire company’s expense level.”

“In terms of our fiscal year 2026 third quarter, results reflect the impact of the previously announced loss of a significant portion of our motor business, which has materially reduced revenue and resulted in a negative growth cycle. Initially, we hoped to offset the loss with new business at our Chinese factory but the transition has taken longer than originally anticipated. For example, we previously mentioned a new motor business for a customer, which is still in an extensive customer testing phase. We also restarted our game console manufacturing business, which previously ran production out of our Myanmar factory. We shipped most of the material and necessary assembly tools back to our factory in China. This transition took time and delayed the anticipated start of the business. We finally started the production in early of February and expect first shipments will soon leave the factory.”

“We are also currently closing the previously announced potential acquisition of a German company, Regent-Feinbau Adermann GmbH, which serves several prominent German automotive brands. Furthermore, we scheduled a major reorganization with the goal of significantly reducing our operating expenses to better align with the current market realities and reduced revenue level. At the same time, we continue to pursue a variety of options to stabilize our share value with focus on creation of benefits for all shareholders.”

“With a strong cash position, minimal debt, and a focused strategy centered on diversification, operational efficiency, and targeted acquisitions, we believe Highway Holdings is well positioned to stabilize performance, which would allow us to return to profitability and to enter a new phase of sustainable growth longer term. We remain cautiously optimistic that our ongoing business development initiatives and strategic investments will allow us to overcome the current challenges and build a stronger, more diversified global manufacturing platform.”

Gross margin for the third quarter of fiscal year 2026 was 25.5 percent, compared to 34.7 percent in the year ago period. Gross margin for the first nine months of fiscal year 2026 decreased to 28.9 percent, compared to 36.5 percent in the year ago period. The lower gross margin in both periods mainly reflects the continued impact of the previously disclosed loss of a significant motor business customer, as well as ongoing actions to realign its cost structure and to diversify its revenue base.

The Company reported a $14,000 currency exchange gain for the first nine months of fiscal year 2026, compared with a $144,000 currency exchange gain in the year ago period. The Company does not engage in currency exchange rate hedging, and the fluctuation in the exchange rate of the RMB and Kyat are expected to affect the Company’s future results.

The Company’s balance of cash at December 31, 2025 was approximately $5.1 million, or approximately $1.10 per diluted share.

Results for the third quarter and first nine months of fiscal year 2026 reflect the positive impact of a reversal of a tax provision of $327,000 and $488,000, respectively.

The Company’s current ratio was 4.26:1 at December 31, 2025.

Outlook

Highway Holdings expects near-term financial performance to continue reflecting the transition resulting from the loss of its motor business customer. However, management believes the Company is well positioned to return to growth and profitability through a combination of:

  • Cost reduction and operational efficiency initiatives
  • New customer programs and expanded business opportunities
  • Strategic acquisitions, including Regent-Feinbau
  • Diversification across customers, markets, and geographic regions

The Company remains confident that its strong liquidity, disciplined cost management, and strategic acquisition program will position Highway Holdings to rebuild its revenue base and deliver improved financial performance beginning in fiscal year 2027.

About Highway Holdings 

Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China. For more information visit website www.highwayholdings.com. 

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 impact of the worldwide COVID-19 pandemic, 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)

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Statement of Income

(Dollars in thousands, except per share data)

(Unaudited)

Three Months Ended

Nine Months Ended

December 31,

December 31,

2025

2024

2025

2024

Net sales

$1,147

$1,929

$3,874

$5,925

Cost of sales

855

1,259

2,754

3,760

Gross profit

292

670

1,120

2,165

Selling, general and administrative expenses

778

666

2,286

2,048

Operating (loss)/income  

(486)

4

(1,166)

117

Non-operating items

Exchange gain /(loss), net

(1)

48

14

144

Interest income

31

44

128

147

Gain/(Loss) on disposal of assets

(7)

–

75

–

Other income/(expenses)

6

4

16

16

Total non-operating income/ (expenses)

29

96

233

307

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

(457)

100

(933)

424

Income taxes

327

–

488

–

Net (loss)/income before non-controlling interests

(130)

100

(445)

424

Less: net (loss)/ income attributable to non-controlling
interests

15

(8)

18

(3)

Net (loss)/ income attributable to Highway

Holdings Limited’s shareholders

 

(115)

 

92

 

(427)

 

421

Net (loss)/ gain per share – Basic                     

 

$(0.02)

$0.02

$(0.09)

$0.10

Net (loss)/gain per share – Diluted                    

$(0.02)

$0.02

  

$(0.09)

 

$0.10

Weighted average number of shares outstanding  

Basic

4,602

4,402

4,602

4,398

Diluted

 

4,602

 

4,402

 

4,602

 

4,398

 

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Balance Sheet

(Dollars in thousands, except per share data)

(unaudited)

Dec 31,

(audited)

Mar 31,

2025

2025

Current assets:

Cash and cash equivalents

$5,131

$5,972

Accounts receivable, net of doubtful accounts

1,116

1,022

Inventories

668

1,146

Prepaid expenses and other current assets

290

430

Total current assets

7,205

8,570

Property, plant and equipment, (net)

180

94

Operating lease right-of-use assets

248

784

Long-term deposits

–

11

Long-term loan receivable

85

95

Investments in equity method investees

–

–

Total assets

$7,718

$9,554

Current liabilities:

Accounts payable

$374

$613

Operating lease liabilities, current

162

623

Other liabilities and accrued expenses

1,071

1,274

Income tax payable

–

486

Dividend payable

81

81

Total current liabilities

1,688

3,077

Long term liabilities:

Operating lease liabilities, non-current

156

187

Long terms accrued expenses

23

23

Total liabilities

1,867

3,287

Shareholders’ equity:

Preferred shares, $0.01 par value

–

–

Common shares, $0.01 par value

46

44

Additional paid-in capital

12,249

12,178

Accumulated deficit

(5,864)

(5,437)

Accumulated other comprehensive income/(loss)

(560)

(516)

Non-controlling interest

(20)

(2)

   Total shareholders’ equity

5,851

6,267

Total liabilities and shareholders’ equity

$7,718

$9,554

 

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