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Clarendelle & Domaine Clarence Dillon Return as Official Wine Partner of the Academy of Motion Picture Arts and Sciences, Academy Museum of Motion Pictures and Exclusive Wines Poured at the 97th Oscars® Ceremony for the Third Year in a Row

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Laotian Times
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Clarendelle & Domaine Clarence Dillon will bring renowned Bordeaux wines to the film industry’s biggest night

PARIS, Feb. 11, 2025 /PRNewswire/ — Clarendelle and the family company Domaine Clarence Dillon today announce the brand’s return as the official wine partner of the Academy of Motion Picture Arts and Sciences and the Academy Museum of Motion Pictures. For the third consecutive year, the prestigious family-owned wine company will exclusively pour exceptional red and white wines at the 97th Oscars® ceremony. This partnership bridges the world of fine wine and film, elevating the Oscars experience for Hollywood’s biggest stars.

To view the Multimedia News Release, please click: 
https://www.multivu.com/clarendelle_domaine_clarence_dillon/9318751-en-return-official-wine-partner-academy-motion-picture-arts-and-sciences-oscars

In addition to delighting guests at the Dolby® Theatre at Ovation Hollywood, Clarendelle and Domaine Clarence Dillon wines will be served at the iconic Governors Ball after the Oscars ceremony and the Official Oscars® Watch Party at the Academy Museum of Motion Pictures. This year, Governors Ball attendees can enjoy a glass of our elegant and contemporary wines while winners have their Oscar® statuettes engraved. The wines will also be perfectly complemented with a legendary gastronomic menu crafted by Wolfgang Puck Catering for an unforgettable evening.

“Before joining the family business, I began my career as a screenwriter, so to have the opportunity to partner with the Oscars for the third consecutive year is truly an honor,” said President and CEO of Domaine Clarence Dillon, Prince Robert of Luxembourg. “This collaboration is a natural extension of my family’s longstanding commitment and deep connection to film and the arts.”

Domaine Clarence Dillon will introduce two new wines for the star-studded events:

  • La Clarté de Haut-Brion 2021: A sought-after white wine of rare delicacy with only 1,000 cases produced annually, La Clarté brings together the qualities of a fine white Bordeaux wine with fresh citrus and white flower aromas, followed by a crisp and refreshing finish of lemony brightness.
  • Le Clarence de Haut-Brion 2015: Château Haut-Brion became the first Bordeaux vineyard to be named after its terroir, making the estate the first luxury brand in the world. The exquisite red Le Clarence de Haut-Brion 2015 is similar in style and elegance to its elder and encompasses all unique attributes of a fine wine with an attractive profile – smooth yet powerful, tasty and full-bodied, with notes of ripe fruit leaving an impression of freshness and volume, without heaviness.

Among the returning wine favorites are:

  • Clarendelle Bordeaux White 2023: A refined and elegant wine, offering bright citrus notes of lemon and grapefruit, balanced by the smooth sweetness of pear and lychee.
  • Clarendelle Bordeaux Red 2016: A wine with fruity aromas of red fruit and blackcurrant alongside floral overtones balanced by great tannic power and delicious velvety texture.
  • Clarendelle Amberwine 2021: A complex, well-concentrated and modern sweet wine distinguished by its freshness and harmonious balance of floral fruit and acidity with a smooth finish.

Founded in 1935, Domaine Clarence Dillon is a family-owned group renowned for its prestigious Bordeaux estates, including Château Haut-Brion, Château La Mission Haut-Brion, and Château Quintus. Under the leadership of Prince Robert of Luxembourg, the company has earned a global reputation for excellence in winemaking, joining Primum Familiae Vini, an international association of some of the world’s finest wine producing families. Domaine Clarence Dillon has long been a supporter of the arts, with Prince Robert’s background and screenwriting playing an essential role in merging the worlds of wine and cinema by bringing Clarendelle and Domaine Clarence Dillon to the biggest night in Hollywood.

For more information, follow on Instagram @clarendelle @chateauhautbrion_ @chateaulamissionhautbrion  @chateauquintus  @leclarenceparis.

Media Contacts:

Sunshine Sachs Morgan & Lylis
DCDOscars@ssmandl.com 

Tatianna Thurik
Communications Officer
t.thurik@domaineclarencedillon.com

Cécile Riffaud
Communication & Marketing Director
c.riffaud@domaineclarencedillon.com 

 

 

Chairman & CEO, Prince Robert of Luxembourg and his daughter Charlotte de Nassau ©A.M.P.A.S.
Chairman & CEO, Prince Robert of Luxembourg and his daughter Charlotte de Nassau ©A.M.P.A.S.

 

 

Bankruptcy Sale Features All-New EV Battery-Manufacturing Equipment

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Laotian Times
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— Tiger Group and Liquidity Services offer unused assets stored in Belgium and South Korea

SEOUL, South Korea and ANTWERP, Belgium, Feb. 11, 2025 /PRNewswire/ — On behalf of a secured creditor, Tiger Group and Liquidity Services are accepting offers on a large amount of advanced EV battery manufacturing equipment—brand-new and still in its original crates.

Originally acquired at a cost of approximately $82 million, the equipment is stored in Belgium and South Korea. It comes from Northvolt Group subsidiary Northvolt Ett Expansion AB. The division had been managing construction of an EV battery plant that was suspended as part of its parent company’s rescoping of Swedish operations.

“This advanced, high-quality equipment—much of it manufactured in South Korea by SLA, WuXi, Creative and Innovative Systems [CIS] and Sejong Technology—is in perfect condition,” said Chad Farrell, Managing Director, Tiger Commercial & Industrial. “We are already receiving strong interest from EV battery manufacturers that are looking to build new plants as well as owners and operators of existing facilities.”

“This sale represents an extraordinary opportunity for companies in Europe, Asia and beyond,” added Nick Taylor, SVP & Managing Director of the Capital Assets Group at Liquidity Services. “It is rare to see this much brand-new EV manufacturing equipment become available at liquidation values.”

The available equipment includes:

  • Cathode and anode notching and slitting machines
  • Powder blower
  • Waste collectors
  • WuXi stacking machine
  • Formation and aging temperature-controlled warehouse equipment, including pre-charge and monitoring chambers, stacker crane and racking
  • End-of-line cell-cleaning, visual inspection and packaging equipment
  • Aging tray cleaner, formation tray cleaner
  • Water tanks
  • Floor lifters
  • Roller conveyors
  • Boxed-cell warehouse equipment, including stacker crane and racking
  • Walkways, stairs and framework

The liquidation is one of many to occur in the green/sustainable sector in recent months, Farrell noted. “It is not only electric vehicle and battery companies, but also ‘green’ packaging makers, experimental food producers, solar specialists and others,” he explained.

To arrange an inspection or obtain other information, email auctions@tigergroup.com or call +1 (805) 497-4999.

For asset photos, descriptions, and other information, visit SoldTiger.com or AllSurplus.com.

About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger’s seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and provide capital or convert assets to capital quickly and decisively. Tiger maintains offices in New York, Los Angeles, Boston, Chicago, Houston and Toronto.

About Liquidity Services
Liquidity Services operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.

Media Contacts: At Tiger Group, Maria Hoang, +1 (805) 497-4999 mhoang@tigergroup.com. At Jaffe Communications, Elisa Krantz, +1 (908) 789-0700, elisa@jaffecom.com.

Forescout Recognized by Frost & Sullivan with the 2025 Global Product Leadership Award for Enabling Single Platform Approach to Medical Device Security

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Laotian Times
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Forescout’s Platform offers comprehensive, real-time visibility across organizational network architecture, and boosts the operational efficiency and overall productivity of under resourced healthcare security teams.

SAN ANTONIO, Feb. 11, 2025 /PRNewswire/ — Recently Frost & Sullivan assessed the medical device security industry, and based on its findings, recognizes Forescout with the 2025 Global Product Leadership Award. The company has over 20 years of experience serving healthcare customers globally, enabling it to provide a single pane-of-glass solution for healthcare security teams seeking an easy-to-deploy solution for actionable medical device security. Click here to read the Frost and Sullivan 2025 Product Leadership Award Report. The Forescout Platform offers healthcare security teams with comprehensive, real-time visibility across the realm of IT, OT, IoT, and IoMT connected devices within their organizational architecture. The Platform’s asset risk assessment capabilities, coupled with its dynamic segmentation functionality that does not disrupt device operation, offers critical insight to security teams on the true risk and status of their connected networks. The platform’s flexible architecture also offers unparalleled scalability to organizations, enabling security teams to maintain full visibility over connected devices no matter how their organization grows over time.

The Forescout Platform eliminates the blind spots created by more unmanaged IoT and IoMT devices, offering security teams a means to safely expand network access to clinicians, caregivers, research organizations, and contractors, while still protecting data relating to full-time staff and patients. With its integrated artificial intelligence and machine learning capabilities, the platform provides significant automation capabilities to boost the operational efficiency and overall productivity of under resourced healthcare security teams. Many of these automated capabilities not only assist with the detection and identification of specific threats or vulnerabilities, but also automate the more task-intensive event remediation and policy configuration capabilities. Within the platform, security teams can initiate and coordinate threat mitigation and remediation actions automatically, based on a combination of organizational policies and risk prioritization. The platform can also issue automated alerts for detected threats or recalls on connected devices, as well as offering triage-based recommended remediation actions that security teams can consider and implement.

Danielle VanZandt, Research Manager – Security, Frost & Sullivan, observed “Security teams benefit from the Forescout Platform’s intelligent, continued ability to detect, identify, and classify new devices on the organizational network, ensuring that the total network architecture is visible to security operators.”

Forescout platform’s intuitive interface, at an organizational level, makes it easy for users across departments to utilize the solution for their specific needs through simplified navigation tools and easy drilldown options that offer contextual, visual analysis and insights into specific devices, policies, or risk profiles. The platform’s automation functions also help to reduce operator fatigue through a drastic reduction of alert noise, easing the burden of healthcare security practitioners and keeping security teams’ financial overhead lower by augmenting the existing team’s productivity and efficiency. The automation capabilities create a more streamlined incident response and mitigation action plan, ultimately demonstrating the value of the platform through measurable decreases in security teams’ mean time to resolution (MTTR) for active incidents. The platform offers the ability to both proactively identify the medical devices and connected assets at high risk of being compromised and point out major vulnerabilities or exposure gaps in the organization’s network architecture. Combining organizational benefits alongside the technical benefits behind many of the platform capabilities, Forescout sets itself apart as a medical device security thought leader and key partner to healthcare security teams.

“The Forescout Platform offers security teams with a single platform approach to visibility into their connected device ecosystem through automated identification and classification, contextual analysis and insight into clinical utilization and device allocation, automated threat detection and mitigation – all guided by Forescout’s in-house threat intelligence expertise,” added Danielle. Healthcare security teams can rapidly see demonstrable return on investment for security-centric and organizational goals, while augmenting the capabilities of their existing teams and drastically reducing the number of point tools and solutions required. With its highly scalable single-platform approach to actionable security and threat remediation, Forescout earns Frost & Sullivan’s 2025 Global Product Leadership Recognition in the medical device security industry.

“Healthcare attacks are life-threatening. One unmanaged device could mean thousands of patients unable to receive the care they need and families losing loved ones. With the increasing number of connected IT, IoT and medical devices that are critical to patient care, the cybersecurity risks are escalating,” said Barry Mainz, CEO at Forescout. “Healthcare organizations require a comprehensive solution that enables them to detect, identify, and secure all devices – managed or unmanaged – with limited resources. Frost & Sullivan’s prestigious Best Practices Product Leadership Award validates Forescout’s commitment to empower organizations with a unified platform to improve medical device security and ultimately, protect those most vulnerable: patients.”

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
E:Lindsey.Whitaker@frost.com

About Forescout

The Forescout cybersecurity platform provides complete asset intelligence and control across IT, OT, and IoT environments. For more than 20 years, Fortune 100 organizations, government agencies, and large enterprises have trusted Forescout as their foundation to manage cyber risk, ensure compliance, and mitigate threats. With seamless context sharing and workflow orchestration across more than 100 full-featured security and IT product integrations, Forescout makes every cybersecurity investment more effective.

Forescout Research – Vedere Labs is the industry leader in device intelligence, curating unique and proprietary threat intelligence that powers Forescout’s platform.

Contact:
RH Strategic for Forescout
forescoutpr@rhstrategic.com
Forescout Communications
press@forescout.com

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 11th

By
Laotian Times
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NEW YORK, Feb. 11, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 11th

Kristen Scholer delivers the pre-market update on February 11th

  • Equities trading lower to begin Tuesday
  • President Trump announces tariffs on steel imports, raises aluminum tariffs
  • January consumer prices release Wednesday, Wholesale prices on Thursday

Watch NYSE TV Live every weekday 9:00-10:00am ET 

 

Hitachi Scroll Compressor Showcases Innovative Low-Side Scroll Compressor at AHR Expo, Debuts in North America

By
Laotian Times
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ORLANDO, Fla., Feb. 11, 2025 /PRNewswire/ — At the AHR Expo, North America’s largest HVACR event held from February 10-12, Hitachi Scroll Compressor made its solo debut with the global launch of its innovative low-side scroll compressor and announced its entry into the North American market. This move highlights Hitachi Scroll Compressor’s technological prowess and commitment to innovation in the HVAC industry.

During this significant event, the newly launched low-side scroll compressor stands out with advanced features, including an optimized involute design for low GWP refrigerants that boosts efficiency while maintaining the world-class dependability of Hitachi’s pioneering scroll compressor family. Engineered to be compatible with both R454B and R32 refrigerants, it aligns with green initiatives by providing a more efficient and environmentally friendly solution. The compressor also features a new high-efficiency hermetic motor and an optimized load for stable operation across its entire range, ensuring exceptional functionality and reliability.

In addition, Hitachi Scroll Compressor showcased its extensive range of high-side scroll compressors, highlighting the company’s commitment to product diversity and innovation. This comprehensive product line caters to a wide array of applications, including VRF systems, chillers, heat pumps, transport, refrigeration, and energy storage solutions. By deeply understanding user needs, Hitachi Scroll Compressor continuously innovates its products to meet the increasingly specialized demands of the market, ensuring exceptional user experiences.

Wisdom Hao, General Manager at China & Southeast Asia/Pacific Compressor Business Unit of Johnson Controls-Hitachi Air Conditioning Inc., said: “Our independent presence at the AHR Expo marks a significant step in our global strategy as we enter the North American market. We are committed to our strategy of Full Inverter, New Refrigerant and New Globalization. This exhibition not only highlights Hitachi Scroll Compressor’s strength in technological innovation but also underscores our commitment to this key market. With advanced technology and an extensive product range, we aim to deeply cultivate the North American market creating greater value for our customers.”

Hitachi Scroll Compressor remains committed to its dedication towards “New Refrigerant” adoption and international expansion by pushing technological innovations that accelerate growth in global markets. By maintaining a focus on innovation and customer satisfaction, the company aims to provide solutions that not only meet but exceed market expectations, reinforcing its position as a leader in the HVAC industry.

About Hitachi Scroll Compressor:

In 1983, HITACHI introduced the world’s first scroll compressor tailored for air-conditioning applications. Four years later, the brand launched the world’s premier scroll compressor designed for Railway AC systems.

In 1988, HITACHI unveiled the world’s debut scroll compressor engineered specifically for Refrigeration purposes.

By 2008, HITACHI created China’s inaugural R410A DC inverter scroll compressor, integrating cutting-edge dynamic oil balance management technology.

At Hitachi Scroll Compressor, our unwavering commitment is to infuse comfort and harmony into your living and working spaces through the continual innovation of energy-efficient and eco-friendly compressors. With over eight decades of pioneering innovation, our premium compressors have earned a reputation as the optimal choice for dependability and quality.

For more information visit: https://compressors.hitachiaircon.com/en

Enhance Home Comfort This Valentine’s Day with Tineco’s Limited-Time Offers

By
Laotian Times
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SEATTLE, Wash., Feb. 11, 2025 /PRNewswire/ — As Valentine’s Day approaches, Tineco invites you to celebrate love by giving the gift of a clean and comfortable home. With exclusive discounts available on Amazon from February 11 to February 16 for some of our most popular smart cleaning appliances, Tineco ensures that every moment spent together is in a space that feels fresh and inviting. Whether you’re looking for an easier way to tackle household messes or searching for the perfect gift for a loved one, our Valentine’s Day deals offer innovative solutions at unbeatable prices.

Love Is In The Air, Savings Are With Tineco
Love Is In The Air, Savings Are With Tineco

Make Every Home Feel Like a Love Nest

Tineco’s smart cleaning solutions go beyond convenience—they redefine the way we care for our homes. This Valentine’s Day, give yourself or someone special the gift of effortless cleaning and more quality time together. Here are some of our best deals:

FLOOR ONE S5 Blue (Original: $449.99, Deal Price: $329.99)
A must-have for homes with hard floors, this powerful wet-dry vacuum simplifies floor care with strong suction and self-cleaning technology. With high-capacity water tanks and up to 35 minutes of runtime, it ensures sparkling floors with minimal effort. Perfect for those who love hosting or want to keep their space pristine without hassle. The ideal gift for anyone who values a tidy and welcoming home.

FLOOR ONE Stretch S6 (Original: $599, Deal Price: $499)
Designed for deep and effortless cleaning, the FLOOR ONE Stretch S6 is perfect for those who struggle with hard-to-reach spaces. Its 180° lay-flat design and 5.1-inch slim profile easily glide under furniture, while assistive wheels and smart sensor technology ensure thorough cleaning. A great choice for busy individuals who need an efficient and powerful cleaning tool to maintain their home’s comfort and elegance.

A30S (Original: $229, Deal Price: $189)
Equipped with 160W powerful suction and up to 60 minutes of runtime, this cordless vacuum is built for effortless whole-home cleaning. With a large 1L dustbin, advanced HEPA filtration, and ZeroTangle brush technology, it’s perfect for pet owners and busy households that need strong performance without frequent maintenance. A thoughtful gift for those who appreciate efficiency and convenience in everyday cleaning.

Carpet One Cruiser (Original: $699)
Say goodbye to stubborn carpet stains and long drying times. The Carpet One Cruiser features SmoothPower technology and bidirectional assist wheels for a seamless deep-cleaning experience. With three adjustable power levels and an advanced water tank system, it dries carpets 50% faster than traditional methods. A game-changer for those who want professional-grade results at home without the expense of professional services. Ideal for families and pet owners looking for a hassle-free carpet cleaning solution.

Why You Deserve These Innovations

Cleaning doesn’t have to be a chore—Tineco’s smart technology makes it easier, faster, and more effective. Each product is designed to reduce effort, save time, and enhance your home’s comfort. Whether you’re surprising a loved one or treating yourself, these deals offer the perfect opportunity to upgrade your cleaning routine with cutting-edge technology and convenience.

Limited-Time Valentine’s Offers

These special discounts are available exclusively on Amazon from February 11 to February 16, so don’t miss out on the chance to bring effortless cleaning into your home. Visit Amazon to take advantage of these savings before they’re gone.

About Tineco
Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices. For more information, visit us.tineco.com.

Massimo Moves MVR Golf Cart Production to U.S. to Enhance Quality Control and Market Positioning

By
Laotian Times
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GARLAND, Texas, Feb. 11, 2025 /PRNewswire/ — Massimo Group (NASDAQ: MAMO) is proud to announce the transition of its MVR Golf Cart series production to its facility in Garland, Texas. By assembling these vehicles domestically, Massimo ensures stricter quality control while strategically positioning itself within the U.S. market. This move aligns with the company’s commitment to delivering high-quality vehicles while adapting to the evolving trade landscape.

Recently, U.S. trade regulators took action against unfair practices in the low-speed personal transportation vehicle market. A petition was filed highlighting how certain foreign manufacturers, benefiting from government subsidies, were able to export vehicles at significantly lower costs. This created an uneven playing field. Following an investigation, the U.S. Department of Commerce determined that these manufacturers engaged in unfair trade practices. As a result, countervailing duties and antidumping tariffs have been imposed, ranging from 149% to 500%, depending on the manufacturer.

By shifting production to the U.S., Massimo is proactively addressing these trade challenges while reinforcing its commitment to high manufacturing standards. Additionally, the company is actively exploring strategic partnerships in Vietnam to diversify its supply chain and mitigate potential cost increases from tariffs affecting imports from China.

“We are committed to providing our customers with the highest quality golf carts while ensuring long-term business sustainability,” said David Shan, CEO of Massimo Motor. “Bringing production to our Texas facility strengthens our supply chain, enhances quality assurance, and positions us competitively in the U.S. market. Our customers and dealer partners can continue to rely on Massimo for innovative and reliable personal transportation solutions.”

Massimo will continue to offer its MVR Series golf carts through its extensive network of retail and dealer partners across the United States. This move ensures continued product availability while reinforcing the company’s role as a leader in the personal transportation market.

About Massimo Group 

Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTVs, off-road, and on-road vehicles in the industry. The company’s product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Massimo Marine manufactures and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo also manufactures electric versions of UTVs, golf-carts and pontoon boats. The company’s 376,000 square foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” “continue,” “contemplate,” “plan,” and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under “Risk Factors” in filings with the SEC made by Massimo. Moreover, Massimo operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo’s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

Worksport Subsidiary Terravis Energy Unveils Revolutionary Heat Pump, Eliminating Defrost Cycles & Shattering Performance Standards; AetherLux(TM)

By
Laotian Times
-

Groundbreaking System Successfully Operates From -57°F to 131°F, Eliminates Defrost Cycles, and Paves the Way for a New Era in Clean-Energy Efficiency

West Seneca, New York – Newsfile Corp. – February 11, 2025 – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced that its wholly owned subsidiary, Terravis Energy, a Colorado corporation (“TVE”), has achieved a major industry milestone with the unveiling of the revolutionary AetherLux™ heat pump system.

Heat pumps are an answer to inefficient and outdated heating sources. The AetherLux product line has achieved a significant technological advancement on existing heat pumps. Set to feature three high performing models, the Pro Model debuts TVE’s proprietary ZeroFrost™ technology, eliminating the need of Defrost Cycles, preventing a commonly known heat pump drawback, freezing. Tested to successfully work at temperatures as low as -57°F and as high as +131°F, AetherLux is expected to redefine performance standards in a global heat pump market projected to exceed $148 billion by 2030, growing at 9.4% CAGR.

TVE’s ZeroFrost Technology: A Leap Beyond Defrost Cycles

AetherLux leverages ZeroFrost, an innovative TVE technology that eliminates the need for energy-draining defrost cycles. By preventing ice buildup, the system avoids thermal stress and minimizes wear on components-critical issues plaguing conventional heat pumps. This breakthrough extends the product’s operational lifespan and sustains efficient heating and cooling in extreme environments. Worksport believes the strength of this innovation redefines the HVAC market, and the ability to target billions of customers, world-wide. Worksport shares the global reveal below, along with more details.

  • Defrost-Free Design: No auxiliary heating system is necessary, reducing costs and energy consumption.
  • Extreme Temperatures: The TVE heat pump has been tested to work in temperatures believed to be unmatched by competitors, from -57°F to +131°F. The AetherLux Pro variant is expected to deliver robust home heating and cooling comfort, year-round. The targeted operating range is -50°F to +131°F, subject to real-world-conditions.
  • High Efficiency: The TVE heat pump has an estimated COP of 3.0 to 3.5 at -57°F and an HSPF of 11.0 to 12.5, substantially cutting energy usage.
  • AI-Driven Optimization: Intelligent software adapts operations in real time, ensuring peak efficiency under changing conditions.
  • R32 Refrigerant: The TVE heat pump utilized a refrigerant that is compliant with the 2025 Clean Air Act regulations, aligning with evolving environmental standards. Heat pumps reduce the risk of Carbon Monoxide Poisoning.

“The AetherLux system has tested as the world’s first heat pump that does not freeze, even in extreme cold. There is no competition at -50°F,” said Lorenzo Rossi, CEO of Terravis Energy. “Currently, heat pumps can be extremely inefficient during cold weather, having to rely on supplementary heat sources during defrost cycles. Our innovation solves this drawback of current heat pump technology by eliminating the need altogether. Given the redesigned configuration and eco-compliant technology, we believe it will excel in both extreme and moderate climates, delivering a solution that should increase the speed of heat pump adoption, reduce climate impact, and save customers money on their energy bill.”

Global Reveal and Product Information:

Terravis Energy expects to offer two affordable variants of the AetherLux system:

  1. AetherLux (Performance Unit): Engineered for versatility, handling climates from hot to -13°F (-25°C) with optimized efficiency. Available in 18,000 and 36,000 BTU units, preorders, further details and pricing are coming soon.
  1. AetherLux Pro (Ultra-Performance Unit) – Built for every climate, featuring ZeroFrost™ technology, highly efficient, ensuring uninterrupted heat delivery even in the harshest winter conditions.

Investors, corporations, and global heat pump distributors interested in learning more about the AetherLux launch can visit: AetherLux Reveal Website.

For inquiries, contact: info@terravis.com ; LinkedIn ; +1 (888) 554-8789 x128

Steven Rossi, CEO of Worksport, parent company to Terravis Energy, remarked: “Terravis’s breakthrough is the result of three years of cutting-edge R&D. We expect significant commercial interest, given the product’s virtually unheard-of performance metrics. Since Worksport shareholders also own Terravis shares, we believe this technology is an underrecognized asset within our Company. As Terravis moves toward commercialization, I’m tremendously excited about the impact on Worksport’s future.”

AetherLux Pro- Reveal Video
Cannot view this video? Visit:
https://www.youtube.com/watch?v=chTYESTIFlM

Learn more about Terravis’s Parent Company, Worksport Ltd (NASDAQ: WKSP): https://investors.worksport.com.

Stay tuned for more information and join our mailing list to stay up to date with the latest. Join Worksport’s Newsletter

About Worksport

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s website is terravisenergy.com.

For more information, please visit investors.worksport.com.

Connect with Worksport

Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third-party websites, as well as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.

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Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

For additional information, please contact:

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

Forward-Looking Statements

The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “scheduled,” “expect,” “future,” “intend,” “plan,” “project,” “envisioned,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

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

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