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SpreeAI Is Redefining Retail With Virtual AI-Powered Try-Ons Curated by the Top in Tech and Fashion

SpreeAI celebrates a $1.5 billion valuation as it prepares for groundbreaking partnerships and game-changing innovation.

NEW YORK, May 6, 2025 /PRNewswire/ — SpreeAI, a leader in fashion tech innovation, is transforming retail with its photorealistic try-on product so lifelike the naked eye can’t tell it’s virtual. Combined with sizing technology boasting 99% accuracy, SpreeAI delivers hyper-personalized shopping experiences that enhance both retail companies’ operations and consumers’ satisfaction. Designed for seamless use both in-store and online, SpreeAI is reshaping shopping by merging advanced AI with real-world applications.

For consumers, SpreeAI adds an unparalleled level of personalization, allowing shoppers to become the model and visualize clothing in a lifelike, photorealistic way. Packed with upcoming features like an AI stylist, a virtual wardrobe, and more, SpreeAI creates a dynamic and engaging shopping experience. For retailers, SpreeAI is engineered to reduce returns and boost sales conversions, offering a transformative solution for the fashion industry.

Visionary Leadership Drives $1.5B Valuation

Led by visionary Co-founder and CEO John Imah, SpreeAI’s board is bolstered by legendary supermodel and fashion icon Naomi Campbell, alongside entrepreneurs Bob Davidson and Larry Ruvo. Having one of the world’s most recognized fashion figures on the board underscores SpreeAI’s fusion of high-fashion insight with cutting-edge tech. The company recently achieved a $1.5 billion valuation after an undisclosed funding round led by The Davidson Group, a prominent family office known for supporting groundbreaking ventures. This milestone valuation reflects the market’s confidence in SpreeAI’s mission and its rapid growth at the intersection of technology and style.

“It’s inspiring to be part of SpreeAI’s transformative journey under John’s visionary leadership. I’ve always believed in pushing boundaries and embracing innovation, and seeing John’s passion and determination firsthand makes me even more excited about the future we’re creating together. SpreeAI represents the powerful fusion of fashion, technology, and inclusivity—and I’m thrilled to be on this groundbreaking path.”

— Naomi Campbell, Fashion Icon and SpreeAI Board Member

Academic and Industry Alliances Fuel Innovation

Exclusive collaborations with the Massachusetts Institute of Technology (MIT) and Carnegie Mellon University across research initiatives, talent development, and technical collaboration drive SpreeAI’s deep commitment to innovation. Additionally, SpreeAI’s partnership with the Council of Fashion Designers of America (CFDA) further solidifies its intersection between advanced technology and high-fashion expertise. These prestigious alliances enable the company to lead the industry with unmatched solutions. With 4 issued patents and 23 pending, SpreeAI safeguards its proprietary technology, ensuring its position as a frontrunner in the competitive retail tech market. This foundation of innovation is further supported by internal initiatives like Protea—a platform that helps retail partners integrate and test SpreeAI’s solutions—empowering brands to enhance operational efficiency and customer experiences.

“The CFDA is proud to collaborate with SpreeAI, a fashion technology leader delivering innovative solutions to help designers and brands thrive in the fashion industry.”

Steven Kolb, CEO, Council of Fashion Designers of America (CFDA)

“SpreeAI’s partnership with the EECS Alliance exemplifies the kind of forward-thinking collaboration we strive for—bringing together industry innovation and academic excellence. Their active involvement, including providing impactful internship opportunities, has opened up exciting pathways for our students while supporting research and real-world application in the AI space. We’re proud to support SpreeAI as they continue to grow and lead in this evolving field.”

Priscilla Capistrano, Program Manager at Massachusetts Institute of Technology (MIT)

“AI is poised to revolutionize many things including e-commerce. SpreeAI is pushing the forefront of this for a truly personalized garment-shopping experience, by leveraging collaborations with academia and assembling a team that understands both the deep technical challenges and their product impact.”

Professor Deva Ramanan, Robotics Institute at Carnegie Mellon University (CMU)

Fashion Collaborations & Met Gala Spotlight

2025 is set to be a transformative year for SpreeAI, with major retail and luxury brand partnerships and new product features on the horizon. As part of this momentum, SpreeAI is announcing new partnerships with luxury fashion label Sergio Hudson and London-based contemporary womenswear brand Kai Collective. The timing of these collaborations coincides with a cultural moment: the 2025 Met Gala’s theme, “Superfine: Tailoring Black Style,” which honors Black designers. Both Sergio Hudson and Kai Collective’s founder Fisayo Longe are celebrated Black designers at the forefront of fashion innovation. John Imah will attend the Met Gala as the first-ever fashion tech in AI startup CEO invited, underscoring SpreeAI’s prominent role in the fashion world and its commitment to celebrating the creative visionaries who inspire its technology.

You can now experience SpreeAI’s technology firsthand by visiting Sergio Hudson’s website at sergiohudson.com.

“We’re thrilled to partner with SpreeAI and aim to create a personalized experience for Sergio Hudson and drive increased sales.”

Sergio Hudson, Founder & Creative Director

“At Kai Collective, we’re always looking for ways to fuse innovation with storytelling. Collaborating with SpreeAI allows us to explore how technology can elevate the customer experience while staying true to our brand’s identity and values.”

Fisayo Longe, Founder & CEO of Kai Collective

These designer partnerships exemplify how SpreeAI’s technology unites with creative vision to redefine customer engagement. And SpreeAI isn’t stopping here – the company has hinted that even more collaborations with major luxury fashion houses are on the way. By keeping details under wraps, SpreeAI is fueling a buzz of excitement and industry-wide anticipation for what’s coming next.

“Our approach will always be customer-focused—that means both the retail partners and the consumers we serve,” said John Imah, Co-founder and CEO of SpreeAI. “We don’t just look at the shopping landscape; we reimagine it. Whether it’s in-store or online, we step back and ask how AI can transform real-world challenges into seamless, exciting experiences. This mindset drives us forward as we continue shaping the future of retail and fashion with AI, blending innovation with personalization to empower and inspire. The possibilities are limitless, and we’re just getting started.”

For more information, please contact Brittanae Casper at brittanae@vmgroupe.com.

About SpreeAI

SpreeAI is transforming the shopping experience with its photorealistic try-on product and 99%-accurate sizing technology, designed to enhance both retail operations and consumer satisfaction. For shoppers, SpreeAI offers unmatched personalization, enabling them to become the model while introducing features like an AI stylist, a virtual wardrobe, and more. For retailers, SpreeAI reduces returns, increases sales conversions, and creates seamless shopping experiences. Its product integrates effortlessly into both in-store and online environments, promoting sustainability and setting new standards for retail.

About John Imah

John Imah is a visionary leader at the forefront of technology and fashion. As a Nigerian American and first-generation immigrant, John brings innovation and diversity to the tech industry. Under his leadership, SpreeAI has achieved a $1.5 billion valuation, cementing its role as a transformative force in AI-powered retail.

John’s career includes leadership roles at Samsung, Twitch, Amazon, Meta, Take-Two Interactive, and Snap Inc., where he implemented strategies that drove impactful growth. A member of the Council of Fashion Designers of America (CFDA), John seamlessly combines his expertise in tech and fashion to deliver groundbreaking solutions.

As a successful entrepreneur and creative, John’s influence extends beyond business into design, music, and philanthropy, including initiatives like serving as a strategic advisor to the Davidson Academy—a pioneering school dedicated to providing profoundly gifted students with educational opportunities tailored to their unique abilities, strengths, and interests. His involvement with the Academy is deeply personal, rooted in his own experiences as a profoundly gifted child. By actively mentoring students, funding scholarships, and supporting charitable initiatives, John blends professional success with a genuine commitment to empowering gifted youth and uplifting underserved communities, ensuring his legacy is defined not only by innovation but by authentic and meaningful impact.

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SK bioscience Joins Korea’s National Initiative to Develop Avian Influenza Vaccine Amid Rising Pandemic Threats

  • Company aims to develop a bird flu vaccine with rapid mass production and variant responsiveness.
  • SK bioscience and KDCA join forces to build a national pandemic preparedness and response system for potential next-pandemic avian influenza.
  • “We will promote global public health and grow as a global leader, building on our COVID-19 response experience.”

SEONGNAM, South Korea, May 6, 2025 /PRNewswire/ — SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, today announced that it has been selected for the Korea Disease Control and Prevention Agency (KDCA)’s Priority Infectious Disease Pandemic Preparedness Rapid R&D Support Program.

Researchers at SK bioscience are analyzing the vaccine candidate.
Researchers at SK bioscience are analyzing the vaccine candidate.

This government-led initiative aims to develop vaccines against avian influenza – identified as a high-risk candidate for the next pandemic. SK bioscience was chosen for its proven technological capabilities as the only domestic company to have commercialized cell-culture-based vaccines for both influenza and COVID-19.

Under the program, SK bioscience and KDCA will co-invest approximately KRW 5.25 billion (USD 3.7 million) in early-stage development. The company will initiate development of a cell-culture-based avian influenza vaccine, aiming to enter Phase 1/2 clinical trials in the second half of next year. Furthermore, the company plans to foster international collaboration alongside its vaccine development to enhance global public health as the threat of avian influenza is not confined to a single region or country.

Unlike traditional egg-based vaccines, cell-culture-based vaccines offer greater effectiveness in pandemic response. Egg-based vaccines can face significant challenges during avian influenza outbreaks, as mass culling of poultry may limit access to uninfected fertilized eggs, making timely and large-scale vaccine production difficult and less responsive to emerging viral mutations.

In contrast, cell-culture-based vaccines are produced using animal cells in advanced aseptic facilities, minimizing the risk of contamination or infection. This method enables rapid, large-scale manufacturing and allows for quicker adaptation to evolving virus strains.

SK bioscience has already utilized its cell-culture platform to develop vaccines against a range of viral diseases. During the COVID-19 pandemic, the company played a pivotal role by manufacturing vaccines for global partners and successfully launching its own COVID-19 vaccine. These achievements highlight the company’s strong capabilities in both development and production, reinforcing its preparedness for future pandemic.

While human-to-human transmission of avian influenza remains low, highly pathogenic strains such as H5N1 and H7N9 continue to pose serious global threats. According to the World Health Organization (WHO), more than 950 human cases of avian influenza infection have been reported worldwide between 1997 and January 2025, with approximately half resulting in death. Experts warn that if H5N1 mutates to enable human-to-human transmission, it could trigger a deadly pandemic.

SK bioscience is also developing mRNA vaccines as part of its pandemic preparedness strategy. The mRNA technology, which demonstrated effectiveness during the COVID-19 pandemic, is well-suited for responding to highly transmissible diseases thanks to its rapid development timeline and scalability for mass production.

The company is currently conducting global Phase 1/2 clinical trials of its mRNA Japanese encephalitis vaccine candidate, GBP560, in collaboration with the Coalition for Epidemic Preparedness Innovations (CEPI). Interim results are expected next year.

Jaeyong Ahn, CEO of SK bioscience, said, “Our partnership with the Korean government and global organizations in pandemic response underscores our world-class technological and production capabilities. We are committed to strengthen our readiness for the next pandemic and fulfilling our mission to promote global health, laying the foundation to become a global vaccine and biotech leader.”

About SK bioscience

SK bioscience is an innovative vaccine and biotech company, committed to vaccine development and manufacturing to enable more equitable access to vaccines around the world. Leveraging strengths on cutting-edge technologies, SK bioscience has been dedicated to promoting human health from prevention to cure across the globe. With the cooperation of domestic and international governments, regulatory agencies, healthcare providers, doctors, and medical experts, all of the SK colleagues are passionately committed to providing high-quality vaccines to those who need them and better public healthcare solutions.

SK bioscience Website
– SK bioscience Linkedin

Contact
SK bioscience Communications Team
Changhyun Jin (jin99@sk.com
Jeannie S. Pak (j.pak@sk.com)

FIC Global Expands Optical Transceiver Business to Enable Innovation at the Speed of Light

TAIPEI, May 6, 2025 /PRNewswire/ — FIC Global Inc. (TWSE: 3701; FICG), a leading expert in packaging and installing semiconductors on optical modules for 16 years, today announced a significant expansion of its optical transceiver business to meet the rapidly evolving demands of silicon photonics optical transceivers for next-generation data center networking.

FICG expands its optical transceiver business to meet the rising demand of next-gen networking.
FICG expands its optical transceiver business to meet the rising demand of next-gen networking.

For information on FICG’s latest earnings and business updates, please visit: https://www.ficg.com.tw/en/financials-monthly-reports/

Empowering the 1.6T era

As AI-powered data centers scale in complexity and density, co-packaged optics (CPO) switches — highlighted recently at GTC 2025 — have emerged as a solution for ultra-fast intercommunication, reduced energy consumption, and minimal latency, with the new benchmark for data transmission speeds now 1.6 terabits (T) per second. Optical transceivers — key components that convert electrical signals into light data for transmission over fiber optic cables — are driving this transformation.

“Our expansion reinforces FICG’s role at the heart of the optical transceiver revolution,” commented Mr. Leo Chien, Chairman of FICG. “Powered by FICG’s cutting-edge manufacturing technology, competitive yields, and comprehensive capabilities, we are innovating at the speed of light to enable 1.6T and 3.2T.”

As part of the expansion, the company will announce new manufacturing facilities later this year.

A legacy of expertise, innovation, and collaboration

FICG’s leadership is built on a legacy of expertise in joint design manufacturing (JDM) for optical modules. Working closely with semiconductor makers upstream and optical transceiver customers downstream, the company leverages advanced techniques to package electronic and optical semiconductors and install them onto the core printed circuit boards (PCBs) of optical modules.

With experience in optical transceivers since 2008, these now represent over 50% of FICG’s revenue, and the company continues to grow:

  • Market leadership: In 2024, FICG achieved 17.5% market share in 800G and 1.6T optical transceivers and 20% market share in 400G optical transceivers.
  • A key ecosystem player: FICG supplies major players worldwide and collaborates closely with chip manufacturers in Taiwan.
  • Significant growth: To meet major sales growth recently, the company has tripled optical module production capacity over the past two years.
  • Future-forward innovation: FICG is actively innovating to prepare for transmission speeds to double from 1.6T to 3.2T.

Standing out through process leadership

As the backbone of silicon photonics, FICG maintains process leadership through advanced R&D capabilities, a unique combination of capabilities, and innovation in manufacturing technology. The company particularly stands out for its ability to integrate higher-tech manufacturing processes like 2.5D and 3D semiconductor packaging and bare-die flip chip installation with the more mainstream surface mount technology for the rest of a PCBA, enabling customers to consolidate and simplify their supply chains.

FICG is also recognized by global customers for precision and yield quality:

  • Ultra-high first-pass yield rates: For exceptional reliability
  • Ultra-fine component installation: Capable of installing component sizes such as 008004 (0.25×0.125 mm), 01005 (0.4×0.2 mm), and 0201 (0.6×0.3 mm) — almost as small as a hair’s breadth
  • Rigorous quality control: Leveraging 3D X-ray and soldering testing for uncompromising standards

FICG’s excellence has earned it recognition from one customer as its leading optical transceiver brand supplier for three consecutive years, along with achievements such as CMMI Level 3 Maturity Certification and ranking 23rd worldwide in the MMI Top 50™ EMS Providers in 2024.

About FIC Global Inc.
FIC Global Inc. (TWSE: 3701) is a leading provider of optical transceivers, specializing in the semiconductor packaging and advanced printed circuit board (PCB) assembly.  Formed by the integration of FIC, Ubiqconn and 3cems, FICG leverages a strong foundation of expertise to deliver innovative solutions. With expertise in optical modules since 2008, FICG has rapidly grown into a key player in the global supply chain, collaborating with major industry leaders worldwide and standing out for cutting-edge, high-yield manufacturing capabilities.

https://www.ficg.com.tw/en/

Niall Prendiville Joins CSafe as Chief Product Officer to Drive Continued Growth in Innovation Across the Product Portfolio

Prendiville brings over 25 years of expertise in product, engineering, automation and supply chain operations

MONROE, Ohio, May 6, 2025 /PRNewswire/ — CSafe, a leading active and passive temperature-controlled shipping solutions provider for the life sciences industry, announced today that Niall Prendiville has joined its team as the Chief Product Officer. 

Niall is a global product and engineering leader with deep expertise in engineering, automation, and supply chain operations. He has successfully led product development, engineering, and business transformations across high-tech industries, including warehouse automation, power systems, and aerospace. As the Chief Product Officer at CSafe, he will drive innovation, product strategy, and commercialization to support the company’s long-term success across CSafe’s robust portfolio of active and passive temperature-controlled shipping solutions for life sciences, cell and gene therapy, military applications and more.

Throughout his career, Niall has focused on lean management, product development, and the commercialization of innovative solutions. He has a strong track record of bringing products to the market, optimizing development processes, and aligning technology with business objectives. His expertise in cost management, scaling operations, and driving profitability has helped organizations enhance their product offerings and market impact.

Based in Monroe, OH at CSafe’s corporate office, Prendiville will be positioned to lead CSafe’s global product roadmap and support the company’s mission to ensure patients around the world receive the medicines and treatments they need.

“Niall brings a wealth of experience in product strategy and engineering. As we continue as a market leader with our global portfolio of solutions, we will further accelerate our product development, continually focusing on meeting our customers’ needs and delivering meaningful value,” said Patrick Schafer, CEO. “We’re pleased to welcome Niall to our team, where his skills will help to bring our future product vision to life.”

Media Contact:

Lauren LaVelle

Sr. Marketing Manager

Direct: +1 513 713 1913

Email: llavelle@csafeglobal.com

Web: csafeglobal.com

About CSafe

CSafe has been committed to ensuring life-enhancing therapies reach patients around the globe since 1979. With a patient-first approach, deep industry expertise, and focus on innovation, backed by an unparalleled service offering, CSafe provides peace of mind through best-in-class temperature-controlled solutions for the delivery of life-enhancing products. CSafe offers a comprehensive portfolio of active and passive bulk air cargo, parcel, cell and gene, specialty and advanced digital solutions. – Temperature Assured. Life Enhanced. csafeglobal.com

Niall Prendiville, CSafe
Niall Prendiville, CSafe

 

Canton Fair: Smart Home Revolution Takes Center Stage

GUANGZHOU, China, May 6, 2025 /PRNewswire/ — “You’ll see a mix of modern international design trends, making it a goldmine for buyers who want unique globally inspired home goods.” said Venezuelan influencer Rafa, who perfectly captured the innovative spirit of this year’s Canton Fair as he was experiencing and filming the event.

Rafa’s tour of the Canton Fair revealed how smart technology is reshaping the modern lifestyle. Visitors were impressed by high-tech toilets featuring motion-activated lids, adjustable water and seat temperatures, and even built-in Bluetooth speakers for personalized entertainment. The exhibition also showcased luxurious multi-functional massage bathtubs that make ordinary bathrooms premium spa retreats, offering hydrotherapy jets and mood lighting.

The innovation extended beyond product displays to its services. Covering 1.5 million square meters across four sections (Areas A-D) with approximately 35,000 exhibitors, the venue implemented an advanced navigation system featuring robotic arm kiosks with interactive screens. These intelligent wayfinding stations generate optimal routes while physical indicators point toward selected destinations, along with precise distance measurements to guide attendees efficiently through the massive complex.

For those who are interested in the future of smart home and witnessing the Canton Fair’s impressive innovations firsthand, Rafa’s video offers a closer look at these groundbreaking developments in the global home furnishing industry.

Want to learn more about smart homes and the Canton Fair’s intelligent exhibition guide? Click the video link below and follow Rafa’s lens to explore the new trends in the sector.

YouTube Link:https://www.youtube.com/watch?v=HieC4VV7ZEk

“Gedeon Richter House of Hope” opens its doors to support 300 women annually in Africa-Bamako

BUDAPEST, Hungary, May 6, 2025 /PRNewswire/ — A center providing healthcare and educational support as well as shelter for vulnerable women has been built in Bamako, the capital of Mali, with financial assistance from Gedeon Richter. As one of the world’s leading manufacturers of women’s healthcare medications, Richter emphasizes the importance of promoting women’s health and quality of life in every country where it operates. With the new center, capable of sheltering dozens of underprivileged women of the region Richter aims to provide help for nearly 300 women annually. This initiative is not just a one-time investment as the pharmaceutical company is committed to the long-term support of the operation of the House of Hope center.

Andrea Morris (House of Hope) and Mme Assetou Touré, Operations manager
Andrea Morris (House of Hope) and Mme Assetou Touré, Operations manager

The foundation stone of the Gedeon Richter House of Hope in Bamako was laid in early February 2024, with the aim of giving hope for women escaping violence for a more fulfilling life by providing them proper gynecological care and education. The center has been operational since the beginning of 2025. Besides medical and educational support, House of Hope also provides psychological and legal help and offering job opportunities at the center.

The “Gedeon Richter House of Hope” was implemented by the Hungary-based Close to Africa Foundation in cooperation with its local partner, the Sini Sanuman Foundation. Richter covered a substantial portion of the construction costs and will also support the operation for at least the next 4 years. Part of the equipment expenses were covered by the Hungary Helps Program, an initiative of the Hungarian Government. The center was designed by a team of Hungarian architects who also ensured that the building is appropriately constructed for the African conditions. The Hungarian NGO also received donations from numerous private individuals as well, and they are still looking for donations to further expand the functions of House of Hope.

Richter, as a responsible European company headquartered in Hungary, has long sought opportunities to support regions beyond our traditional markets, this time focusing on the developing World. We will provide support for women in need with the same dedication and passion in Africa as we have successfully done for decades in many of our markets. Our company supports and organizes numerous health and educational initiatives in line with our mission to promote health and improve people’s quality of life. Women’s health initiatives have always been a core focus for us” – said Zsuzsa Beke, Head of PR and Public Affairs at Gedeon Richter.

The president of the Close to Africa foundation, Andrea Morris added: “We are grateful to Gedeon Richter and the Hungary Helps Program for their generous donations. In today’s challenging economic climate, securing donors, particularly for such a unique project, is increasingly difficult. I am confident that our local knowledge, experience and dedication will help us to give support to approximately 300 women annually, providing them a second chance. I truly believe we are making a meaningful difference.

About Gedeon Richter Plc.

Richter aspires to be a global innovator in some key scientific fields, while dedicated to making medicines more accessible worldwide. Founded in 1901, headquartered in Hungary, with a market capitalization of EUR 4.7bn and sales of EUR 2.2bn in 2024, it operates Central Europe’s largest R&D hub. Its research drives breakthroughs in Neuropsychiatry and Women’s Healthcare, while Biotechnology and General Medicines strengthen its affordable treatment portfolio. Committed to sustainable growth, Richter invests in R&D, manufacturing excellence, and digitalization to advance medical innovation. Learn more at www.gedeonrichter.com

Local participants at House of Hope opening
Local participants at House of Hope opening

 

Gedeon Richter House of Hope building
Gedeon Richter House of Hope building

 

 

Iridium Equips 9603 Module with Enhanced Short Burst Data Capabilities for Government Users

MCLEAN, Va., May 6, 2025 /PRNewswire/ — Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced a special U.S. government version of the Iridium® 9603 module built for Enhanced Short Burst Data (ESBD). ESBD is a low-latency and secure messaging service designed to provide optimal transmission security (TRANSEC) for the U.S. government and approved allies.

Iridium Satellite Network
Iridium Satellite Network

The ESBD version can act as a drop-in replacement for the existing Iridium 9603 Short Burst Data® (SBD®) module. Alongside Iridium’s known reliability and resiliency, Iridium 9603 ESBD can deliver secure one- or two-way messaging with an increased payload capacity for mobile-originated (MO) and mobile-terminated (MT) messages. Example applications range from command and control (C2) and image data transfer to personnel and asset tracking.

“Iridium 9603 ESBD is a testament to Iridium’s commitment to investing in secure, low-latency solutions that address threats in the changing global environment,” said Scott Scheimreif, executive vice president, government programs, Iridium. “The new module offers end-to-end communication security for critical operations, helping ensure warfighters can exchange vital information with confidence — no matter the environment. This capability not only safeguards mission success but also reflects the Department of Defense’s trust in Iridium’s proven technology, network reliability, and operational excellence.”

The upgraded module represents the latest innovation of Iridium to support the Enhanced Mobile Satellite Services (EMSS) program, a decades-long partnership that delivers truly global standard and secure voice, broadcast, PTT, and other services to an unlimited number of Department of Defense and DoD-approved subscribers anywhere on Earth. Iridium 9603 ESBD is targeted to be made available to EMSS-approved value-added manufacturers in July.

With its unique low-Earth orbit (LEO) satellite network, Iridium provides resilient L-band connectivity and unparalleled global coverage that does not encounter permanent line-of-sight blockages faced by geostationary (GEO) systems. This helps to ensure the delivery of mission-critical communications for the DoD and other federal agencies. Whether in high-risk combat zones or during inclement weather events, the Iridium network provides pole-to-pole satellite communications that keep users connected when it’s needed most, making it critically important for the Joint All Domain Command and Control’s (JADC2) Primary, Alternate, Contingency, and Emergency (PACE) communications architecture. 

About Iridium Communications Inc.
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location® service. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit www.iridium.com.

Press Contact:                     

Investor Contact:

Jordan Hassin                     

Kenneth Levy

Iridium Communications Inc. 

Iridium Communications Inc.

Jordan.Hassin@Iridium.com   

Ken.Levy@Iridium.com

+1 (703) 287-7421                 

+1 (703) 287-7570

X: @Iridiumcomm               

 

 

Canadian Solar Launches Cutting-Edge SolBank 3.0 Plus at Intersolar Europe

KITCHENER, ON, May 6, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), will officially  launch its SolBank 3.0 Plus battery energy storage product at Intersolar Europe.

SolBank 3.0 Plus is e-STORAGE’s next technological advancement in its successful SolBank battery solutions product line offering. SolBank 3.0 Plus uses enhancements to the Lithium-Ion Phosphate (LFP) battery cell manufacturing processes to bring the battery performance to a new level over the already successful SolBank 3.0. In doing so, e-STORAGE can offer its customers a battery solution with a 25-year lifespan, a near zero battery degradation curve for the first four years, and up to 12,000 cycles at a 95% round-trip efficiency. SolBank 3.0 Plus can significantly reduce its customers’ operational costs by boosting overall lifetime energy throughput by over 13%.

Additional enhanced product features of the SolBank 3.0 Plus include its aerospace grade heat-resistant separator and upgraded and electrical protection systems, providing further enhanced safety over its demonstrated high safety standard and track record. The optimized design of the battery cooling system can reduce auxiliary load power consumption by up to 30% while providing a reduced decibel noise output superior to its competitive products. SolBank 3.0 Plus also utilizes active balancing technology down to cell level for battery performance optimization, operational health and monitoring.

Colin Parkin, President of e-STORAGE, stated, “SolBank 3.0 Plus is perfectly designed for integration into e-STORAGE ‘all-in-one’ battery energy storage solution, offering our customers a new leading-edge in safety and performance, continuously increasing the value and reliability of their deployed assets. This new product launch marks a major milestone in e-STORAGE’s commitment to innovation and excellence. With enhanced performance, safety, and operational efficiency, these innovations are designed to meet the growing needs of utility-scale energy storage projects worldwide and reaffirm Canadian Solar’s leadership in the energy storage industry.”

The SolBank 3.0 Plus will be showcased at Intersolar Europe from May 7 to 9 in Munich, Germany. Visit Canadian Solar’s booth A2.380 to learn more.

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 150 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 10 GWh of battery energy storage solutions to global markets as of December 31, 2024, boasting a US$3.2 billion contracted backlog as of December 31, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About e-STORAGE

e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual battery production capacity of 20 GWh. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

e-STORAGE MEDIA CONTACT
marketing@csisolar.com