Source: The Chinese University of Hong Kong (CUHK)

A Practical Guide to Unlocking the US$232,420+ Hong Kong PhD Fellowship Scheme

HONG KONG SAR - Media OutReach Newswire - 12 November 2026 - The Chinese University of Hong Kong (CUHK) is issuing a final call for prospective doctoral candidates to apply for the prestigious Hong Kong PhD Fellowship Scheme (HKPFS) before applications close on 1 December 2026 at 12:00 noon Hong Kong Time (GMT+8) / 4:00 am UTC.

Through CUHK's enhanced HKPFS Package valued at over US$232,420+, successful candidates will receive full tuition fee waivers, annual stipends, guaranteed on-campus lodging awards, and conference travel allowances. Ranked 18th globally in the QS World University Rankings 2027 and 10th in Asia in the Times Higher Education Asia University Rankings 2026, CUHK provides an elite academic launchpad, featuring 20 subjects in the global top 30 and six in the top 10-including Education (#1), Gastroenterology and Hepatology (#2), Nursing (#6), Computer Science (#7), and Arts and Humanities and Artificial Intelligence (both #9).

Navigating the Final Submission

To secure HKPFS funding for the 2027?28 intake, applicants must complete two essential steps:

1. Initial Application via the Research Grants Council (RGC): Submit an initial application via the RGC electronic portal to obtain an official HKPFS reference number. Candidates are encouraged to designate CUHK as their preferred institution (Choice 1) to ensure priority nomination.

Deadline: 1 December 2026 at 12:00 noon Hong Kong Time (GMT+8) / 4:00 am UTC

2. Full Application to CUHK: Complete your doctoral application through the CUHK Graduate School postgraduate admission application portal, quoting your assigned HKPFS reference number.

Deadline: 1 December 2026 at 11:59 pm Hong Kong Time (GMT+8) / 3:59 pm UTC

Shortlisted candidates will be invited for interviews, with fellowship results announced between March and April 2027.

Comprehensive Funding Pathways

To nurture global research talent, CUHK provides robust financial support across multiple funding pathways. PhD candidates nominated by CUHK for the HKPFS who are not selected by the RGC will receive admission to CUHK's regular PhD programme with a postgraduate studentship of up to US$29,400 annually. These candidates are also eligible for the CUHK Vice-Chancellor's PhD Scholarship of up to US$10,240, subject to satisfactory academic performance.

First-year research postgraduates from Belt and Road countries will also be automatically considered for CUHK nomination to the HKSAR Government's Belt & Road Scholarship, under which awardees may have their full tuition fees covered.

60 Years of Graduate Excellence

Established in 1966 to pioneer research postgraduate training in Hong Kong, the CUHK Graduate School marks its 60th anniversary this year. Situated on Hong Kong's largest and greenest campus, CUHK hosts approximately 240 postgraduate programmes supported by 460+ top 2% global scientists, four State Key Laboratories, and over US$324 million in annual research funding.

Application Timeline & Key Details

As the admissions cycle for CUHK MPhil and PhD programmes enters its final phase, candidates are encouraged to submit their applications early.

For programme details, scholarship opportunities, eligibility criteria, and application procedures, visit: https://www.gs.cuhk.edu.hk/admissions/research-postgraduate.

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

Hashtags: #CUHK

Revenues grow by 11% and normalized EBITDA surges by 30%

Smart Solutions revenue rises by 16%, marking second consecutive quarter of profitable growth

Space Services delivers its strongest 9-month performance

ABU DHABI, United Arab Emirates, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Space42, the UAE-based AI-powered SpaceTech company with global reach, today announced its consolidated financial results for the first nine months of 2026. The company is listed on the Abu Dhabi Securities Exchange under symbol SPACE42 (ISIN: AEE01122B228).

Space42 delivered an outstanding financial performance for the 9-month period ended 30 September 2026, delivering double digit revenue growth and a significant increase in profitability whilst continuing to execute across its four core strategic pillars.

The Group reported revenues of USD 404 million, an increase of 11% year-on-year, with both businesses, Space Services and Smart Solutions, growing strongly as they continue to deliver scalable, dual-use applications.

Space Services delivered a record performance, growing revenue by 11% to USD 340 million, driven by a robust government business including the USD 700 million, 15-year capacity services contract that commenced on July 1, 2025, following the successful launch of the Thuraya-4 satellite. The business remains on course to deliver its strongest ever annual performance in 2026.

Smart Solutions increased revenue by 16% year-on-year, driven by rising government demand for geospatial intelligence and situational awareness, reinforced by sovereign requirements.

The Group reported normalized EBITDA of USD 194 million, an increase of 30% year-on-year, generating a superior margin of 48%, reflecting the turnaround within Smart Solutions and its return to profitable growth as its strategic transformation gathers pace.

Space42 continued to maintain a strong balance sheet, closing the period with an enhanced cash position of over USD 1.3 billion and a backlog of USD 6.2 billion, providing a firm foundation upon which to deliver its strategic objectives.

During the period, Space42 successfully progressed its share buyback program of up to 2.5% of the Company's issued share capital, with approximately 37% now completed. The program reflects the Company's confidence in its long-term future and its belief that the current share price undervalues the intrinsic value of the business.

Karim Michel Sabbagh, Managing Director of Space42, commented:

"Space42 has delivered another outstanding performance, with both business units delivering double-digit revenue growth during the nine-month period, underpinned by a robust government business, increased demand for Earth Observation (EO) and geospatial analytics and continued strategic execution.

Space Services delivered a record performance whilst Smart Solutions continued to advance its transformation towards programmatic, higher-value dual-use engagements focused on its core capabilities of EO and geospatial analytics.

During the period Space42 continued to focus on strategic execution, culminating in the binding agreement with Viasat to co-found Equatys, thereby creating the first shared space and ground infrastructure platform for global Direct-to-Device and advanced MSS connectivity."

Delivering Across Four Strategic Pillars and Sectorial Priority

Premium geospatial data - Global

Foresight -3, -4, and -5 satellites entered service during the period with their imagery now commercialized across multiple dual-use applications, further reinforcing Smart Solutions programmatic capabilities

Mira Aerospace, in collaboration with Telespazio Ib?rica, began wildfire monitoring in Spain using the ApusNeo18 HAPS, demonstrating real-time monitoring capabilities and advancing emergency response applications

GeoInt AI-enabled platform and services ? Global

Continued enhancement of the GIQ platform through strengthened security, multi-source data integration and further development of its weather application, alongside continued progress on the GIX platform

Non-Terrestrial Network services - Global

Continued ramp-up of Thuraya-4 operations, expanding services across South Africa whilst rolling out third-party Thuraya-4 compatible smart devices, demonstrating the potential of the satellite network to deliver voice and SMS connectivity across a broader range of devices

Space42 and Viasat signed binding agreement to co-found Equatys, creating the first shared space and ground infrastructure platform for global direct-to-device and advanced MSS connectivity

Terrestar Solutions joined with Equatys, expanding shared satellite infrastructure for global direct-to-device and advanced MSS connectivity while preserving national sovereignty

Secure connectivity - Regional

Continued progress on the Al Yah 4 and Al Yah 5 satellite program, which remains on budget, underpinned by a USD 5.1 billion, 17-year government contract

Further advanced LEO/MEO broadband dual-use capabilities under a multi-orbit strategy designed to complement Al Yah 4 and Al Yah 5, integrating low-latency NGSO connectivity to enhance secure communications

Autonomous mobility as sectorial priority - Regional

Signed first commercial agreement with Autonomous A2Z, South Korea's leading autonomous driving company, to advance the deployment of Level-4 autonomous mobility solutions in the UAE, combining Space42 AI, geospatial and connectivity capabilities with autonomous driving technology

Financial Highlights

Metric                             Result

Revenue                             USD 404 million (11% YoY)

Normalized EBITDA             USD 194 million, (30% YoY) with 48% margin

Net Profit                             USD 49 million, (31% YoY) with 12% margin

Cash CapEx                     USD 134 million

Cash / Short-Term Deposits    USD 1.3 billion

Negative Net Debt             USD 747 million

Net Leverage Ratio             -2.8x

Contracted Future Revenues    USD 6.2 billion

   

The complete financial disclosures are available in the Investor Relations section of Space42's website at www.space42.ai/en/investor-relations.

About Space42

Space42 (ADX: SPACE42) is a UAE-based, AI-powered SpaceTech company with global reach, that integrates satellite communications and geospatial intelligence to enlighten the Earth from space. It operates through two business units. Space Services runs a fleet of geostationary satellites, including the Thuraya mobile network, delivering secure connectivity across land, sea, and air in more than 120 countries. Smart Solutions operates a synthetic aperture radar constellation in low Earth orbit, covering 90% of the world's population, and uses AI to turn that imagery into actionable insight. Space42 serves governments and enterprises across defense and security, energy, environmental conservation, and autonomous mobility. Major shareholders include G42, Mubadala and International Holding Company (IHC).

Legal Notice and Cautionary Statement Regarding Forward-Looking Information

This announcement may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, words such as "expect", "will", "looking ahead" and any other words and terms of similar meaning. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and its investments and speak only as of the date of this announcement. Forward-looking statements are based on assumptions of future events and information currently available to the Company which may not prove to be accurate, and the Company does not accept any responsibility for the accuracy or fairness thereof and expressly disclaims any obligation to update any such forward-looking statement. No representation or warranty is made that any forward-looking statement will come to pass. You are therefore cautioned not to place any undue reliance on forward-looking statements.

Neither this announcement nor anything contained herein constitutes a financial promotion, or an invitation or inducement to acquire or sell securities in any jurisdiction.

Copyright 2026 GlobeNewswire, Inc.

Proyeksi itu menunjukkan pertumbuhan sekitar 22% dibandingkan tahun sebelumnya, dari pendapatan tahun fiskal 2025 yang telah diaudit sebesar US$57,2 juta

SINGAPURA, Nov. 12, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (Nasdaq: YFOR) ("YYForce" atau "Perusahaan"), penyedia platform teknologi pengelolaan tenaga kerja perusahaan dan robotika berbasis AI, hari ini merilis proyeksi keuangannya untuk tahun fiskal yang berakhir pada 31 Desember 2026, dengan proyeksi pendapatan setahun penuh sebesar US$70,0 juta.

Proyeksi itu mencerminkan pertumbuhan pendapatan sekitar 22% dibandingkan dengan tahun sebelumnya, berdasarkan pendapatan tahun fiskal 2025 yang telah diaudit sebesar US$57,2 juta.

Proyeksi peningkatan pendapatan sebesar US$12,8 juta itu mencerminkan meningkatnya permintaan klien perusahaan terhadap platform Workforce OS milik Perusahaan, berlanjutnya penerapan robotika komersial, serta bertambahnya kontrak perangkat lunak dan layanan berulang di seluruh Asia Tenggara. Peningkatan ini juga mencerminkan kontribusi yang diharapkan dari bisnis yang diakuisisi atau didirikan pada tahun 2026.

Ikhtisar Utama Keuangan & Operasional

Proyeksi Pendapatan Tahun Fiskal 2026: Ditargetkan sebesar US$70,0 juta, mencerminkan pertumbuhan sekitar 22% dibandingkan dengan tahun sebelumnya.

Pendapatan Dasar Tahun Fiskal 2025: Angka acuan yang telah diaudit sebesar US$57,2 juta.

Proyeksi Peningkatan Pendapatan: Pendapatan diproyeksikan naik sebesar US$12,8 juta.

Peningkatan Margin: Algoritma pencocokan berbasis AI dan penerapan layanan otomatis terus mendorong peningkatan efisiensi operasional di berbagai pusat operasional regional.

Pengelolaan Neraca yang Disiplin: Pendanaan ekspansi didukung oleh kemampuan menghasilkan arus kas operasional yang positif dan struktur permodalan yang lebih sederhana.

Komentar dari Eksekutif

"Peningkatan pendapatan dari angka acuan sebesar US$57,2 juta pada tahun fiskal 2025 menjadi proyeksi US$70,0 juta untuk tahun fiskal 2026, yang mencerminkan pertumbuhan sekitar 22% dibandingkan dengan tahun sebelumnya, menunjukkan berlanjutnya adopsi arsitektur operasional berbasis AI kami oleh berbagai perusahaan," ujar Mike Fu, Chief Executive Officer YYForce. "Dengan mengintegrasikan perangkat lunak penugasan milik sendiri dan robotika layanan komersial secara langsung ke dalam alur kerja perusahaan, YYForce berupaya memberikan efisiensi biaya kepada klien kami sekaligus mendukung pertumbuhan pendapatan. Berdasarkan prospek bisnis kami saat ini di Asia Tenggara, kami tetap berfokus pada pelaksanaan strategi ekspansi komersial selama sisa tahun fiskal 2026."

Tentang YYForce Inc.

YYForce Inc. (Nasdaq: YFOR) adalah perusahaan penyedia solusi tenaga kerja dan layanan pengelolaan fasilitas terpadu berbasis teknologi. Perusahaan tengah mengembangkan ekosistem tenaga kerja masa depan yang memadukan sumber daya manusia, kecerdasan buatan, robot humanoid dan robot layanan, teknologi IoT, serta platform pengelolaan fasilitas digital.

Melalui operasional tenaga kerja, kemampuan pengelolaan fasilitas terpadu, platform 24iFM, dan inisiatif robotika yang sedang dikembangkan, YYForce berupaya mendukung transisi menuju penyediaan layanan berbasis teknologi yang mengedepankan kolaborasi antara manusia dan mesin.

Untuk informasi selengkapnya, kunjungi www.yyforce.ai.

Pernyataan Berwawasan ke Depan

Siaran pers ini memuat pernyataan berwawasan ke depan sebagaimana dimaksud dalam Pasal 27A Undang-Undang Sekuritas Tahun 1933, sebagaimana telah diubah, dan Pasal 21E Undang-Undang Perdagangan Sekuritas Tahun 1934, sebagaimana telah diubah. Pernyataan-pernyataan ini didasarkan pada ekspektasi dan asumsi Perusahaan saat ini, serta informasi yang tersedia bagi Perusahaan per tanggal rilis siaran pers ini. Pernyataan berwawasan ke depan dapat dikenali melalui penggunaan kata-kata seperti "mungkin", "akan", "seharusnya", "memperkirakan", "mengantisipasi", "merencanakan", "bermaksud", "meyakini", "mengestimasi", "potensi", atau ungkapan serupa, maupun bentuk negatif dari istilah-istilah ini.

Pernyataan berwawasan ke depan dalam siaran pers ini termasuk, tetapi tidak terbatas pada, pernyataan mengenai proyeksi pendapatan Perusahaan sebesar US$70,0 juta untuk tahun fiskal yang berakhir pada 31 Desember 2026 dan tingkat pertumbuhan yang diperkirakan dibandingkan dengan tahun sebelumnya; perkiraan permintaan terhadap layanan pengelolaan tenaga kerja, pengelolaan fasilitas, perangkat lunak, dan robotika Perusahaan; waktu dan volume kontrak pelanggan serta implementasi; margin operasional dan arus kas; serta strategi, prioritas investasi, dan tujuan operasional Perusahaan.

Pernyataan berwawasan ke depan mengandung risiko dan ketidakpastian yang melekat, dan peristiwa mendatang yang dibahas dalam siaran pers ini mungkin tidak terjadi. Peristiwa dan hasil aktual dapat berbeda secara signifikan serta bergantung pada risiko, ketidakpastian, dan asumsi terkait Perusahaan serta sejumlah faktor, termasuk, tetapi tidak terbatas pada, riwayat kerugian bersih Perusahaan dan keraguan substansial mengenai kemampuannya untuk mempertahankan kelangsungan usaha; kemampuannya memperoleh pendanaan dengan persyaratan yang dapat diterima; serta kemampuannya mengintegrasikan bisnis yang baru diakuisisi. Untuk pembahasan lebih detail mengenai faktor-faktor risiko, silakan merujuk pada dokumen yang disampaikan Perusahaan kepada Komisi Sekuritas dan Bursa (SEC) A.S., termasuk bagian "Risk Factors" (Faktor Risiko) dalam laporan tahunan terbaru Perusahaan pada Formulir 20-F, sebagaimana telah diubah, serta dokumen-dokumen berikutnya yang disampaikan kepada SEC.

Proyeksi pendapatan itu mencerminkan estimasi manajemen saat ini per tanggal siaran pers ini, belum ditinjau atau diaudit oleh auditor independen Perusahaan, dan tidak boleh diandalkan sebagai prediksi atas hasil aktual. YYForce tidak berkewajiban untuk memperbarui pernyataan ini kecuali sebagaimana diwajibkan oleh hukum yang berlaku.

Copyright 2026 GlobeNewswire, Inc.

Source: DP World

Renewal provides long-term certainty for ATI to advance investment in port modernisation, innovation and sustainable infrastructure

MANILA, PHILIPPINES - Media OutReach Newswire - 12 November 2026 - Asian Terminals, Inc. (ATI), DP World's strategic partner in the Philippines, has secured a 25-year renewal of its concession to operate and develop Manila South Harbour, reinforcing its long-term commitment to supporting Philippine trade and economic growth.

The renewed concession agreement, signed with the Philippine Ports Authority (PPA), will run from May 2038 up to May 2063, providing long-term certainty for the continued development and modernisation of one of the Philippines' key international trade gateways.

The agreement marks a significant milestone as ATI celebrates its 40th anniversary this year, reflecting four decades of investment in port infrastructure, operational capability and trade connectivity.

Essa Kazim, Executive Chairman, DP World, said:

"The Philippines has significant long-term growth potential and an important role to play in regional and global trade. Realising that potential requires sustained investment in world-class infrastructure that strengthens competitiveness and connects businesses to international markets. This concession renewal provides the certainty needed to plan and invest for decades ahead. It reflects DP World's belief in the Philippines' economic future and our commitment to building enduring partnerships that enable trade and support sustainable growth."

Jason Varsamidis, CEO and Managing Director of DP World Asia Pacific, said:

"The renewal of the Manila South Harbour concession is a strong endorsement of ATI's track record and the long-term partnership it has built with the Philippine Port Authority. Over four decades, ATI has played an important role in developing the infrastructure that supports Philippine trade, and this agreement provides the foundation to build on that legacy. As ATI's partner, our focus is now on the next phase of ATI's development, including investment in capacity, technology and more sustainable operations to ensure Manila South Harbour remains competitive, efficient and responsive to the evolving needs of customers."

Central to this commitment is future-proofing Manila South Harbour to respond proactively to changing trade patterns, increasing cargo volumes, and the evolving needs of shipping lines, importers, exporters, and the broader logistics community.

This includes capacity expansion, the deployment of greener and more energy-efficient cargo-handling equipment, increased automation, and the adoption of advanced digital technologies to deliver safer, smarter, and more sustainable end-to-end ports and logistics solutions to customers.

Over the past 40 years, ATI has invested more than Php42 billion in developing and modernizing its Philippine port facilities, contributing to the movement of approximately 30 million twenty-foot equivalent units (TEUs) of containers, 57 million metric tons of non-containerized cargo, and 70 million passengers across its operations.

About Asian Terminals, Inc.

Asian Terminals, Inc. (ATI) is a leading Philippine ports and logistics operator, developer and investor, enabling trade and supporting economic growth through its strategic network of modern trade gateways in Manila, Batangas, Cavite, Laguna and South Cotabato.

Built on four decades of industry experience and powered by a 2,000-strong workforce, ATI combines proven cargo-handling expertise with the global capabilities and world-class standards of DP World, its strategic foreign equity partner, to deliver safe, reliable and efficient services for Philippine industries. Through sustained investment, innovation and responsible business practices, ATI continues to build future-ready port infrastructure that connects industries and communities, grows economies and changes what's possible for Philippine trade.

DP World

DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 125,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer's door.

In Asia Pacific, DP World employs over 12,000 people across 22 geographies. We operate 16 ports and terminals, complemented by a comprehensive suite of end-to-end supply chain solutions - to connect the region to the rest of the world.

WE MAKE TRADE FLOW

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

Hashtags: #DPWORLD

https://www.dpworld.com

https://www.linkedin.com/company/dp-world

https://twitter.com/DP_World

Octave's engineering record + Cerebre's live plant state: laying the context foundation for industrial AI

HUNTSVILLE, Ala., Nov. 11, 2026 (GLOBE NEWSWIRE) -- Octave Intelligence plc (Nasdaq New York: OCTV and Nasdaq Stockholm: OCTV SDB), a global leader in software for the world's most mission-critical facilities and infrastructure, today announces the acquisition of Cerebre, a U.S.-based software company that transforms fragmented engineering schematics, plant data and engineering knowledge into a connected plant model.

Octave carries the engineering system of record for what its customers design and build across large-scale projects. Major global oil & gas companies use Cerebre's models to combine the plant configuration, conditions and knowledge to represent how the facility is configured and operates as the plant dynamically changes. Combining the plant model and the engineering record will strengthen industrial AI use cases and has high-growth potential in brownfield facilities where plant data remains largely disconnected.

"Our customers run facilities where being wrong is not an option," said Mattias Stenberg, Chief Executive Officer of Octave. "For years we have been building the record to design, build, operate and protect those facilities from one connected view. Cerebre provides insights into existing facilities, serving as a context engine for a unified plant model. Introducing Cerebre to Octave's installed base, which covers 60% of Fortune 500 companies, supports our strategy of accelerated ARR growth and new licensing models."

Most industrial AI starts from data and works backward to provide context. Cerebre's model starts with the plant itself, enabling engineers to capture and govern plant-specific operational knowledge that is often siloed or lost today, reflecting how each team organizes and operates its plant. Reliability, process, inspection and operations teams review the model and make the final decisions. AI applications, whether Octave's or a customer's own, reason over an up-to-date representation of the plant. For Octave customers, this shortens the path from a first connected data source to many. The model remains the customer's and operates agnostically, working alongside the tools they already use.

"We've spent years operating in stealth, pushing our technology to the limits with the world's largest and most demanding operators," said Jeff Robbins, Chief Executive Officer of Cerebre. "We built Cerebre so engineers and AI can reason over the same trusted, real-time model of the plant. By joining Octave, we are positioned to underpin industrial AI and expand across our combined customer base and beyond."

Cerebre's capabilities will be delivered through the Octave platform and will be available to customers of Octave's engineering and operations solutions. Further detail will follow in the coming months as part of Octave's platform launch.

Founded in 2019, Cerebre is deployed at leading energy companies across 200+ plants and billions of usable data points. The company is expected to generate $8M in revenue in 2026, the majority of which is ARR, with high-growth potential.

FOR MORE INFORMATION, CONTACT:

Investors: Elizabeth Chwalk, VP, Investor Relations, elizabeth.chwalk@octave.com

Media: media@octave.com

About Octave

Octave provides mission-critical software that empowers organizations to make informed decisions across every stage of the asset lifecycle - Design, Build, Operate and Protect - where performance, safety and reliability are non-negotiable, and failure is not an option.

Turning complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insight to improve performance, resilience and incident response where it matters most.

Octave has approximately 7,200 employees in 45 countries. Learn more at octave.com and follow us on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact, including, without limitation, statements regarding the anticipated timing of the acquisition of Cerebre and whether such transaction will be consummated at all and the expected operational, technical and other benefits of the acquisition are forward-looking statements. Use of words such as "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plans," "seeks," "intends," "anticipates," "continues," "forecasts," "target," "outlook," "objective," "goal" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. 

Forward-looking statements are based on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, strategy, short- and long-term business operations and objectives and financial needs, and on a number of assumptions. Forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including, among other things, the risk that the conditions to closing the acquisition may not be satisfied or waived and that the transaction may not close on the anticipated terms or at all, our ability to successfully integrate the acquisition and realize the anticipated benefits thereof, customer demand for our software solutions, subscription license activity, SaaS adoption, pricing and packaging initiatives, macroeconomic conditions, our ability to execute our growth strategies, and other risks and uncertainties included under the section titled "Risk Factors" in the Information Statement attached as Exhibit 99.1 to Octave's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 12, 2026 available on our investor relations website at investors.octave.com and on the SEC website at www.sec.gov and in other documents we file with the SEC. All information provided in this press release is as of the date hereof. You should not rely upon forward-looking statements as predictions of future events. We cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur, including any expected or targeted financial or operating results. Moreover, except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this press release to conform these statements to actual results or to changes in our expectations.

Copyright 2026 GlobeNewswire, Inc.

Patent-pending vertical PECVD/PVD architecture doubles wafer throughput over NAED's previous platform and is designed to produce perovskite/HJT tandem cells targeting 30% efficiency

MIAMI, Nov. 11, 2026 (GLOBE NEWSWIRE) -- NAED Energy Holding Inc. ("NAED"), the U.S. aerospace, engineering and utility-energy company behind NAED Nexus Core, today unveiled PV-1 PECVD-V, a vertical in-line deposition platform for high-volume solar cell manufacturing.

PV-1 combines plasma-enhanced chemical vapor deposition (PECVD) and physical vapor deposition (PVD) on a single shared-carrier line. It is designed for a throughput of 96,000 wafers per hour, double the 48,000 wafers per hour of NAED's previous XL-class platform.

In PV-1, wafers travel upright on a shared carrier through every PECVD and PVD stage. To reach the second side of the wafer, the system never flips the substrate: the entire carrier is lifted and turned 180 degrees as a unit. This keeps wafers seated in the same carrier from first deposition to last, cutting direct wafer handling between process steps. The PV-1 production line, its 180-degree carrier turn, its wafer-retention carrier and the T2X tandem cell are the subject of pending U.S. patent applications assigned to NAED Energy Holding Inc. NAED's intellectual property portfolio has been independently appraised at $179 million under an ASC 820 Level 3 fair-value methodology, as of November 11, 2026.

PV-1 was engineered from the start for tandem solar. The full line, including perovskite top-cell process tools, is designed to produce NAED's T2X two-terminal perovskite/heterojunction (HJT) tandem cell, which targets 30% cell efficiency. NAED plans to bring T2X cells to both terrestrial and space solar markets, alongside a family of glass-glass T2X modules starting at 600 W.

Every PV-1 tool is designed in-house by NAED and machined in its own aerospace-grade CNC shop in the United States. The first six of PV-1's thirteen process tools are complete, and the remaining seven are in production. Engineering and design for the full PV-1 line and its production facility are complete.

"Going vertical let us double throughput and build the line around tandem cells from day one, rather than retrofitting tandem onto a platform designed for something else," said Malcom Longair, Media & Development Lead, NAED Energy Holding Inc. "With PV-1, manufacturers anywhere in the world can reserve U.S.-engineered deposition equipment built for the next generation of solar cells."

NAED is now opening reservations for PV-1 production tool slots to solar cell manufacturers in the United States and internationally. Manufacturers can request specifications and reserve a slot at NAED.energy or through the media and partnership contact below.

About NAED Energy Holding Inc.

NAED Energy Holding Inc. operates NAED Nexus Core, a U.S. company spanning aerospace, engineering and utility energy. NAED designs and builds its process equipment in-house, from wet bench to deposition, and machines it in its own aerospace CNC facilities. Its NAED Energy Continuum runs from Atomic Lattice to Photon Conversion, Energy Storage, Grid Infrastructure, Mobility Torque and Aerospace Propulsion. NAED operates in South Florida, New York and Nevada, with an international presence in Indonesia. Learn more at NAED.energy.

Specifications

PV-1's 96,000 wafers-per-hour figure is its rated throughput, and 30% is the T2X cell's target efficiency. Full specifications and NAED's measured station test data are available to qualified manufacturers on request.

Copyright 2026 GlobeNewswire, Inc.

YIBIN, Tiongkok, Nov. 11, 2026 (GLOBE NEWSWIRE) -- KAIYI Auto saat ini tengah menggelar acara uji berkendara (test drive) X7 Hybrid di berbagai negara. Di Amerika Selatan, armada X7 Hybrid di Bolivia akan melakukan perjalanan dari Santa Cruz menuju La Paz pada tanggal 9-14 November, melintasi dataran tinggi Pegunungan Andes dengan menempuh jarak total 1.075 km.

Di Timur Tengah, Eropa Timur, dan Asia Tenggara, para dealer bekerja sama dengan influencer otomotif untuk menguji performa kendaraan di jalan perkotaan, jalan raya antarkota, dan jalur pegunungan dalam kondisi muatan penuh. Rangkaian kegiatan ini menunjukkan berbagai keunggulan X7 Hybrid, mulai dari tenaga mobil hibrida, jarak tempuh, dinamika berkendara, hingga sistem keselamatan aktif dan pasif.

Sistem Keselamatan Aktif yang Menyeluruh untuk Berkendara Sehari-hari

X7 Hybrid dilengkapi dengan 12 sistem keselamatan aktif yang terintegrasi. Kendali Jelajah Adaptif (Adaptive Cruise Control/ACC) menjaga jarak dengan kendaraan di depan dan mampu menghentikan kendaraan secara otomatis saat kendaraan tersebut berhenti. Jika lalu lintas berhenti sesaat, yakni maksimal tiga detik, sistem dapat membuat kendaraan kembali melaju secara otomatis mengikuti arus lalu lintas sehingga membantu mengurangi kelelahan akibat menginjak pedal. Jika terdeteksi risiko tabrakan dari depan, sistem Pengereman Darurat Otomatis (Autonomous Emergency Braking/AEB) akan mengaktifkan pengereman untuk membantu mencegah tabrakan dengan bagian belakang kendaraan yang ada di depannya atau mengurangi dampak benturannya.

Saat berpindah jalur dan bergabung dengan arus lalu lintas, sistem Pendeteksi Titik Buta (Blind Spot Detection/BSD) dan Bantuan Pindah Jalur (Lane Change Assist/LCA) memantau kondisi lalu lintas di samping dan belakang kendaraan. Kamera dengan tampilan sekeliling 540? aktif secara otomatis saat parkir untuk mengurangi titik buta, sedangkan sistem Bantuan Keluar Aman (Safe Exit Assist/SEA) memperingatkan pengemudi dan penumpang jika ada kendaraan atau pesepeda yang mendekat. Peringatan Keluar Jalur (Lane Departure Warning/LDW), Peringatan Tabrakan Depan (Forward Collision Warning/FCW), dan Peringatan Tabrakan Belakang (Rear Collision Warning/RCW) memberikan peringatan saat kendaraan keluar dari jalurnya, serta ketika terdeteksi risiko tabrakan dari depan maupun belakang. Sistem-sistem ini memberikan peringatan dini dan melakukan intervensi tepat waktu pada momen genting.

Keselamatan Ekstra untuk Melindungi Pengemudi dan Penumpang

X7 Hybrid dilengkapi dengan struktur bodi model sangkar yang terintegrasi. Baja yang dibentuk melalui proses pemanasan digunakan pada sejumlah bagian kendaraan, termasuk pilar A dan B, ambang pintu, serta balok melintang di bagian tengah lantai. Sementara itu, baja berkekuatan tinggi membentuk 65% dari struktur bodi kendaraan. Atap kendaraan mampu menahan beban sekitar tiga kali berat kendaraan, sedangkan bagian-bagian struktural utama di sekitar kabin diperkuat. Untuk melengkapi perlindungan tersebut, kendaraan ini dilengkapi dengan enam kantong udara (airbag) yang memiliki waktu respons 0,03 detik. Kantong udara ini membantu meredam benturan saat terjadi tabrakan sehingga meningkatkan perlindungan bagi pengemudi dan penumpang.

Teruji dalam Kondisi Berkendara Sesungguhnya

Bagi KAIYI, keselamatan bukan sekadar menambahkan fitur, melainkan tanggung jawab terhadap setiap pengguna dalam setiap perjalanan. Mulai dari sistem keselamatan aktif dan pasif yang terintegrasi hingga validasi dalam kondisi berkendara nyata, X7 Hybrid dirancang dengan mengutamakan keselamatan pengguna dalam setiap detailnya. Dengan demikian, pelanggan dapat memulai perjalanan dengan percaya diri dan tiba di tujuan dengan selamat, baik saat menempuh perjalanan jarak jauh melintasi dataran tinggi, melakukan perjalanan rutin di perkotaan, maupun bepergian bersama keluarga.

Copyright 2026 GlobeNewswire, Inc.

BEIJING, Nov. 11, 2026 (GLOBE NEWSWIRE) --

In 1975, a fishing boat carrying 30 men went out to sea. It never returned.

Among those lost was Su Xianli, the husband of Fu Yuhua. More than half a century later, she still keeps the only portrait she has of him.

"The three children were still young back then. They had already lost their father. What would they do if they lost their mother, too?" recalls Fu Yuhua.

Her son, Su Biaowei, grew up to become a fisherman. When he heads out to sea, Fu and her daughter-in-law, Lu Chunxiang, wait on shore.

"I do worry about him, especially when the weather is bad or the sea gets rough," says Lu Chunxiang.

For this family, the sea has brought both a livelihood and loss. The same disaster also took the life of Lu Chunxiang's father. She and Su Biaowei were both five years old when they lost their fathers. Years later, they married and built a life shaped by the same sea.

Today, another generation still goes out to fish. And the family still waits.

A Life Shaped by the Sea

This pattern of departure and waiting is not unique to one family. In Tanmen, a fishing town in southern China's Hainan Province, generations of fishermen have made their living from the South China Sea.

Some inherited the routes and skills of their elders. Su Chengfen began going to sea with his grandfather at the age of 13. The traditional navigation books he kept, known as Genglubu, recorded routes used by fishermen long before satellite navigation.

"If we want to know which course to take to a particular reef, we just look it up in the Genglubu," said Su Chengfen, who died in 2021.

Others continue to dive among the reefs to catch fish, using skills learned over years of practice. But catches have declined, and fewer young people are taking up the traditional method.

On Jinqing Island, fishermen are adapting in other ways. Larger vessels carry smaller fishing boats farther offshore. Feng Ping, whom the documentary crew first met 12 years ago, now also transports supplies between islands.

"The sea we sail has not changed much. What has changed are the people," says Feng Ping.

Their lives are different, but the connection remains. The sea is where they work, where knowledge passes between generations and where every departure and return is part of family life.

The Meaning of Home

As a child, Wang Zhenzhong would go to the shore with his mother to wait for his father's boat. In those days, families had little way of knowing when the fishermen would return.

"We saw a tiny dot on the horizon, slowly getting bigger. A boat was coming back. But when it reached the harbor, it wasn't ours. So, we had to keep waiting," recalls Wang Zhenzhong.

His memory echoes the story of Fu Yuhua and her family. Across generations, fishermen have gone out to sea, while their families have waited for them to return.

These are among the stories told in The Sea We Call Home, a CGTN documentary featuring five stories of islanders and fishermen in the South China Sea. Through their lives, the film explores traditional navigation, changing fishing practices and the ties between people and the sea.

For these fishermen, the sea is more than a place to earn a living. It carries the knowledge of their elders, the memory of those they have lost and the hope of seeing loved ones return.

"Men venture far out to sea. They do it for home. Women wait for them and raise their children. That is home. When the children grow up, they follow in their fathers' footsteps. That, too, is home," says Wang Zhenzhong.

Copyright 2026 GlobeNewswire, Inc.

The Company has more than doubled revenue from innovative medicines since launching Pivot to Growth in 2023, demonstrating sustained execution and the growing strength of its high-velocity biopharma model

A live webcast of the event and presentation materials will be available on Teva's Investor Relations website at Events and Presentations, with the webcast beginning at 8:30 a.m. EST today and concluding at 12:30 p.m. EST.

A dedicated media Q&A with Teva leadership will follow the webcast. The session is intended for members of the media, who can register to participate here.

TEL AVIV, Israel and PARSIPPANY, N.J., Nov. 11, 2026 (GLOBE NEWSWIRE) --  Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today will host its first-ever R&D Day, outlining the next phase of the company's growth and its ambition to generate $6-7 billion in innovative medicines revenue by 2030.

President and CEO Richard Francis, together with members of Teva's executive leadership and R&D teams, will highlight Teva's advancing pipeline, differentiated R&D model and the potential to launch one innovative medicine per year over the next five years.

"With our Pivot to Growth strategy, we set out to transform Teva," said Richard Francis, Teva's President and CEO. "Since then, we have more than doubled our innovative medicines revenue, built a pipeline with more than $10 billion in peak sales potential, and returned to investment grade. We've made meaningful progress, driven by teams that are bringing together the speed and agility of a biotech with the scale and capabilities of a global biopharmaceutical company. Our R&D engine and commercial excellence are designed to translate proven science into new medicines, with the potential for one new launch annually through 2030, driving revenue growth, margin expansion and strong cash generation."

Teva will provide updates on its differentiated R&D approach, late-stage growth drivers and early-stage pipeline assets, in-house antibody discovery capabilities, as well as its commercial and financial capabilities to support its upcoming next wave of innovation and longer-term shareholder value creation. The next wave of growth drivers supporting Teva's growth ambition beyond 2030:

Anti-IL-15: Phase 2a study in Celiac disease met its primary endpoint, with a Phase 2b study expected to begin in the second half of 2027. In vitiligo, TEV-'408 is advancing into a Phase 2/3 study building on encouraging Phase 1b results. Teva is also evaluating the potential of TEV-'408 in additional indications, including alopecia.

Anti-PD-1/IL-2 ATTENUKINE: The investigational asset is currently in Phase 1 development in advanced cancer, with early efficacy signals and a favorable safety profile observed to date.

Next Generation antibodies: Teva is advancing its early-stage pipeline with next-generation precision antibodies, including anti-TSLP/IL-13 and anti-TL1A/IL-23, applying its antibody-engineering capabilities and understanding of disease biology with a potential to build potential new treatments in in asthma and inflammatory bowel disease.

The presentation is grounded in the fundamentals that enable Teva's journey:

Differentiated R&D approach: Focuses on proven science from internal or external sources enabling accelerated development. This aims to build assets with best-in-class potential, including a late-stage pipeline with a potential of more than $10 billion in combined peak sales, subject to regulatory approvals.

Disciplined decision-making and capital allocation: Fast, data-driven decisions and allocating capital into high-return opportunities. Its targeted and strategic partnerships allow it to expand and accelerate its pipeline.

Strong commercial capabilities: Deep patient and healthcare understanding, strong analytics and access experience, combined with expertise to drive launch excellence, build markets and help innovative medicines reach the patients who need them.

Financial strength and capital allocation: In 2026, Teva has returned to an investment grade credit rating. Its disciplined and focused reinvestment funds the pipeline, launches and business development in areas of focus, to continue to create shareholder value.

This approach has already accelerated timelines across our late-stage pipeline, including WELTRUZATM going directly from Phase 1 into Phase 3, ecopipam receiving FDA priority review and advancing anti IL-15 in vitiligo as a seamless Phase 2/3 program later this year.

A biopharma company, by the numbers

Since launching its Pivot to Growth strategy in 2023, Teva has delivered on the commitments with Teva's revenue from innovative medicines more than doubling, with its three key innovative products AUSTEDO (deutetrabenazine) AJOVY (fremanezumab-vfrm) and UZEDY (risperidone) expected to grow more than 125% by the end of 2026. In addition, Teva has recently launched WELTRUZA (olanzapine).

Innovative medicines now make up more than 20% of Teva's revenue, gross margin has improved to 55%1, and Teva has seven late-stage pipeline assets with high-value potential. The innovative pipeline has grown to ten programs, including two clinical antibodies discovered in-house. Teva's generics business has been stabilized in recent years, its revenue from biosimilars is expected to double from 2024 to 2026, and Teva has generated more than $6 billion in free cash flow from 2023 to 2025. Teva's return to investment grade credit ranking provides Teva the financial foundation to fund Teva's next phase.

Financial outlook through 2030:

Innovative revenue potential of $6-7 billion by 2030

Innovative gross margins target of above 75%, with the mix shift driving margin expansion

Total revenue: mid-single-digit growth from 2026 to 2030

Free cash flow target of more than $3.5 billion by 2030

Leverage: a clear path to net debt to adjusted EBITDA of 2.0x by the end of 2027

Capital allocation: a disciplined framework funds the pipeline, launches and business development, along with shareholder returns

Presenters include:

Richard Francis, President and Chief Executive Officer

Eric Hughes, MD, PhD, EVP, Global R&D and Chief Medical Officer

Steffen Nock, PhD, Chief Scientific Officer and Head of Global Discovery and Human Translational Science

David Gardiner, MD, SVP, Head of Innovative Medicines and Clinical Development

Chris Fox, EVP, U.S. Commercial and Global Innovative Medicines

Eli Kalif, EVP, Chief Financial Officer

Webcast and materials

A live webcast and the presentation materials will be available on Teva's Investor Relations website at ir.tevapharm.com/Events-and-Presentations. An archived version will be posted within 24 hours of the event. An interactive digital magazine and press kit is available on tevapharm.com.

Pipeline products are investigational and subject to clinical development and regulatory approval. Peak sales figures are non-risk-adjusted and indicative. Financial measures other than revenue are non-GAAP.

About Teva

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a global biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva's commitment to bettering health has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars, and pharmacy brands worldwide, Teva is dedicated to addressing patients' needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit www.tevapharm.com.

Teva Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management's current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. You can identify these forward-looking statements by the use of words such as "should," "expect," "anticipate," "estimate," "target," "may," "project," "guidance," "intend," "plan," "believe" and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance.

Important factors that could cause or contribute to such differences include risks relating to: our ability to become a high-velocity biopharmaceutical company and to achieve the potential revenue growth from innovative medicines; our ability to deliver on the ambitions and targets for the development of our pipeline assets; our ability to achieve the financial targets for 2030 included in this press release and in the R&D Day presentation; our ability to successfully compete in the marketplace, including our ability to develop and commercialize additional pharmaceutical products; our ability to successfully execute our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and profitably commercialize the innovative medicines and biosimilar portfolio, whether organically or through business development, and to sustain and focus our portfolio of generic medicines and to execute on our organizational transformation and to achieve expected cost savings; our significant indebtedness, which may limit our ability to incur additional indebtedness, engage in additional transactions or make new investments, and our potential need to raise additional funds in the future, which may not be available on acceptable terms or at all; our business and operations in general, including: the impact of global geopolitical, economic conditions and other macroeconomic developments and the governmental and societal responses thereto, and our exposure to changes in international trade policies; and other factors discussed in our Quarterly Report on Form 10-Q for the third quarter of 2026 and in our Annual Report on Form 10-K for the year ending December 31, 2025, including in the sections captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements."

Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures as defined by SEC rules. These non-GAAP financial measures, including, but not limited to, non-GAAP operating margin, non-GAAP gross profit margin, adjusted EBITDA and free cash flow, are presented in order to facilitate investors' understanding of our business. Please see our press release reporting our financial results for the third quarter of 2026, as well as our latest Annual Report on Form 10-K filed with the SEC, for a reconciliation of the non-GAAP financial measures to their nearest GAAP equivalents.

Management believes that such non-GAAP financial measures provide useful information to investors to facilitate their understanding of our business because the non-GAAP financial measures are used by Teva's management and board of directors, in conjunction with other performance metrics, to evaluate the operational performance of the company, to compare our results against the company's work plans and budgets, and ultimately to evaluate the performance of management; the company's annual budgets are prepared on a non-GAAP basis; and senior management's annual compensation is derived, in part, using non-GAAP measures. Investors should consider the non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP.

We are not providing the most comparable forward-looking GAAP measures for non-GAAP metrics included in our financial outlook or a quantitative reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures because we are unable to predict with reasonable certainty the ultimate outcome of certain significant items including, but not limited to, the amortization of purchased intangible assets, legal settlements and loss contingencies, impairment of long-lived assets and goodwill impairment, without unreasonable effort. These items are uncertain, depend on various factors, and could be material to our results computed in accordance with GAAP. Revenues and CAPEX are presented on a GAAP basis.

Copyright 2026 GlobeNewswire, Inc.

Outlook implies approximately 22% year-over-year growth from audited FY2025 revenue of US$57.2 million

SINGAPORE, Nov. 11, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (Nasdaq: YFOR) ("YYForce" or the "Company"), an AI-enabled enterprise workforce and robotics technology platform, today issued its financial guidance for the fiscal year ending December 31, 2026, projecting full-year revenue of US$70.0 million.

The outlook represents approximately 22% year-over-year revenue growth compared to audited fiscal year 2025 revenue of US$57.2 million.

The projected US$12.8 million increase in revenue reflects growing enterprise demand for the Company's proprietary Workforce OS platform, continued commercial robotics deployments, and expanding recurring software-and-service contracts across Southeast Asia, as well as expected contributions from businesses acquired or established in 2026.

Key Financial & Operating Highlights

FY2026 Revenue Guidance: Targeted at US$70.0 million, representing approximately 22% year-over-year growth.

FY2025 Revenue Baseline: Audited benchmark of US$57.2 million.

Projected Revenue Increase: Projected US$12.8 million increase in revenue.

Margin Expansion: AI matching algorithms and automated service deployment continue to drive operating leverage across regional operational hubs.

Balance Sheet Discipline: Funded expansion supported by positive operating cash flow generation and a streamlined capital structure.

Executive Commentary

"Growing the US$57.2 million FY2025 benchmark toward a projected US$70.0 million in FY2026, representing approximately 22% year-over-year growth, reflects continued enterprise adoption of our AI-enabled operating architecture," said Mike Fu, Chief Executive Officer of YYForce. "By embedding proprietary dispatch software and commercial service robotics directly into enterprise workflows, YYForce seeks to deliver cost efficiency to our clients while supporting revenue growth. Based on our current Southeast Asian pipeline, we remain focused on executing our commercial expansion strategy for the remainder of fiscal 2026."

About YYForce Inc.

YYForce Inc. (Nasdaq: YFOR) is a technology-enabled provider of workforce solutions and integrated facility management services. The Company is developing a future workforce ecosystem integrating human talent, artificial intelligence, humanoid and service robotics, IoT technologies, and digital facility-management platforms.

Through its workforce operations, integrated facility-management capabilities, 24iFM platform, and emerging robotics initiatives, YYForce seeks to support the transition toward technology-enabled, human-and-machine collaborative service delivery.

For more information, visit www.yyforce.ai.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the Company's current expectations, assumptions and information available to it as of the date of this release. Forward-looking statements can be identified by words such as "may," "will," "should," "expects," "anticipates," "plans," "intends," "believes," "estimates," "potential" or similar expressions, or the negative of these terms.

Forward-looking statements in this release include, but are not limited to, statements regarding the Company's projected revenue of US$70.0 million for the fiscal year ending December 31, 2026 and the anticipated year-over-year growth rate; expected demand for the Company's workforce, facility management, software and robotics services; the timing and volume of customer contracts and deployments; operating margins and cash flow; and the Company's strategy, investment priorities and operating objectives.

Forward-looking statements involve inherent risks and uncertainties, and the forward-looking events discussed in this press release may not occur. Actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about the Company and a number of factors, including, among others, the Company's history of net losses and the substantial doubt about its ability to continue as a going concern; its ability to obtain financing on acceptable terms; and its ability to integrate recently acquired businesses. For a more detailed discussion of risk factors, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section of the Company's most recent annual report on Form 20-F, as amended, and its subsequent filings with the SEC.

The revenue guidance reflects management's current estimates as of the date of this release, has not been reviewed or audited by the Company's independent auditors, and should not be relied upon as a prediction of actual results. YYForce undertakes no obligation to update these statements except as required by applicable law.

Copyright 2026 GlobeNewswire, Inc.

Photo: On August 24th, after 26 years, 'Saikai Si' returned to the Maowusu Desert and planted saplings again with Yin Yuzhen and her husband. After planting trees with Yin Yuzhen (left), 'Saikai Si' sniffed the saplings.

BEIJING, CHINA - Media OutReach Newswire - 11 November 2026 - The 27th China Annual Conference & Expo for International Education (CACIE) hosted a "CACIE Talk" session in Beijing on October 30, where Yin Yuzhen, a Chinese anti-desertification pioneer, Bai Fan, head of the Luoyang No. 2 Foreign Language School Education Group, and their American friend Sakolsky, whose full name is Ronald Sakolsky, reconnected via video link. The brief conversation added a new footnote to a cross-border green story now spanning 26 years.

In the video link, Sakolsky said he had launched preparations on October 1 to establish the Sakolsky Foundation. He plans to work with the China Education Association for International Exchange to build a platform for exchanges between Chinese and American teachers and students, using people-to-people exchanges to bridge cultural divides. Communication and understanding, he said, are important bridges to a peaceful future for young people in the global village we all share.

Bai Fan also noted that face-to-face cross-border educational exchanges can help young people learn tolerance and respect, and see a real, multi-dimensional China. Yin Yuzhen responded with a simple observation that resonated with the audience: planting trees and nurturing people both come down to perseverance.

The friendship had its origins in the Maowusu Sandy Land. In 1999, Sakolsky, then teaching in Luoyang, was moved by Yin Yuzhen's story of taking root in the desert to control desertification, and raised $5,000 himself to support her afforestation efforts. Yin invested the entire sum in the sandy land, planted some 50,000 saplings, erected a stone marker bearing her friend's name, and kept one dollar as a memento.

The two then lost touch for more than two decades. Yin kept up her sand-control work day after day while thinking of her friend far away. In May 2026, she posted a video appeal to find him and located Sakolsky within 26 hours. In August that year, the two met in person in Ordos and walked together into the forest that now stands there.

For more than four decades, Yin Yuzhen and her husband have remained committed to the Maowusu, bringing a total of 70,000 mu (about 4,667 hectares) of barren sand under control. The shifting dunes that once rolled with yellow dust have gradually become woodland and pasture. Today, 85 percent of the Maowusu Sandy Land in Uxin Banner has been treated, and the transformation of this sandy expanse is regarded as a model case in reversing land degradation worldwide. Over the years, the area has continued to attract volunteers from many countries to take part in desertification control, and people-to-people cooperation on environmental protection has continued to grow.

The goodwill that began with sand control has long gone beyond a single stretch of sandy land. On October 15 this year, Yin Yuzhen was named one of the inaugural "100 Women Heroes in Agrifood Systems and Rural Development" at the headquarters of the Food and Agriculture Organization of the United Nations (FAO) in Rome. There she joined Sakolsky and FAO Director-General Qu Dongyu in planting a crape myrtle as a symbol of friendship, sharing China's experience in desertification control on the international stage. Windblown sand respects no borders, and a shared commitment to ecological conservation has carried the story of two ordinary people out of the desert and onto the international multilateral platform.

The thread of people-to-people friendship clearly runs from the saplings in the Maowusu to the crape myrtle as a mark of friendship in Rome, and now to the conversation in Beijing about exchanges among young people. Sakolsky's plan to establish the foundation is meant to carry forward the goodwill that began in the desert: starting from an ecological commitment, using educational exchange as a bond, and helping more young people build connections and pass on the power of goodness and beauty.

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

The arrangement gives Axi an opportunity to introduce its trading services to Babypips' established global audience through its advertising platform

SYDNEY, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Axi, a global online FX and CFD broker, has joined Babypips as an advertising partner through its Trusted Partner programme, providing an opportunity to increase brand visibility among an established audience of forex traders and those looking to learn more about financial markets.

Founded in 2005, Babypips has become an established online destination for forex education, helping millions of readers understand the foreign exchange market. Its accessible learning resources explain forex trading and the economic forces that influence currency prices and wider financial markets.

Its educational offering includes the School of Pipsology, a structured, self-paced programme with free courses covering forex basics and technical analysis. Its Premium curriculum goes further into price action, macro fundamentals, intermarket analysis, global liquidity and trading plan development, with a strong emphasis on risk management. Babypips also offers market commentary, trading tools, quizzes and a community forum.

Through the Trusted Partner programme, Axi will be featured as an advertising partner on Babypips, giving readers the opportunity to discover more about the broker and its trading services through designated promotional placements. The arrangement provides Axi with access to a relevant audience while allowing Babypips to maintain a distinction between advertising partnerships and its independent educational and editorial content.

"Babypips has built an established presence within the forex education space, reaching an audience interested in understanding and participating in financial markets. Becoming an advertising partner through its Trusted Partner programme gives Axi an opportunity to increase our visibility among this audience and introduce more traders to our offering," said Julie Sharova, Global Head of Marketing at Axi.

To support traders at every stage, the School of Pipsology has continually evolved beyond introductory forex into advanced market study. Its latest curriculum updates feature specialised modules on price action trading, macro fundamentals, global liquidity, and a practical prop firms 101 guide. Alongside these structured lessons, the platform's active community forums provide an open space for traders around the world to debate strategy, analyse market movements, and share ideas in real time.

About Axi

Axi is a global online FX and CFD broker, providing thousands of clients across 100+ countries with access to financial markets through intuitive trading platforms, advanced tools, and educational resources. Its product suite includes forex, CFDs, and perpetual futures, with availability varying by region and entity.

About Babypips

Founded in 2005, Babypips is one of the world's most trusted online resources for retail traders. The platform is best known for its flagship School of Pipsology. Beyond education, Babypips empowers market participants with MarketMilk, an intuitive visual technical analysis and screening tool, and daily market commentary authored entirely by its veteran in-house editorial team.

The team covers forex, equities, commodities like gold and oil, and broader financial markets. Backed by an active global trading community, Babypips equips millions of readers each month with clear, actionable insights to navigate modern investing. For more information, visit www.babypips.com.

Copyright 2026 GlobeNewswire, Inc.

This release is intended for the general public, healthcare professionals, policymakers and other healthcare decision-makers, plus pharmaceutical, policy and trade media. 

New analysis of five EU countries as well as Canada, Japan and the UK quantifies what governments stand to gain or lose by 2035 under pro- and contra-innovation policy choices 

Europe risks falling further behind the US and China on R&D investments, clinical trials and access to new medicines 

Cutting investments into medical innovation today could lead to raising overall healthcare spending tomorrow 

Attractive market conditions for new medicines are as much a prerequisite for strategic healthcare autonomy as research and manufacturing 

Ingelheim, Germany - EY today released "Innovation at a Crossroads," a report commissioned by Boehringer, on how policy choices could shape the economy, healthcare systems and strategic autonomy in the EU until 2035. The report assesses France, Germany, Italy, Poland and Spain, as well as EU-level policy, and compares them with Canada, Japan and the UK. 

The EY report finds that Europe has significant strengths to draw upon but that policymakers continue to balance a range of competing challenges. These include rising healthcare demand and constrained public finances, as well as the need to strengthen competitiveness, reduce external dependencies and respond to intensifying geopolitical tensions and global competition for investment. Since 2010, EU pharmaceutical R&D spending has grown 4.4% a year, against 5.5% in the US and 20.7% in China, and the European Economic Area's share of commercially sponsored clinical trial starts fell from 22% in 2013 to 12% in 2023. The report concludes that the EU is not losing its science edge as such but is facing challenges in creating the commercial and regulatory conditions required to allow science to translate into economic growth and value.

To explore the consequences of different policy choices, the report sets out two scenarios. In a pro-innovation scenario, governments create predictable conditions through stable intellectual property frameworks, efficient regulation, competitive reimbursement, and support for commercialization. In a contra-innovation scenario, governments introduce cost containment measures that may ease budget pressures in the short run but create higher healthcare costs in the mid- to long-term. The scenarios illustrate the upside and downside of today's policy choices to quantify what countries could gain or lose under different trajectories. 

Key findings include: 

Economy: Weaker innovation incentives could impact economic competitiveness and healthcare resilience. R&D investment is fragile and depends on predictable pricing, strong IP protection and efficient regulation. For example, France's corporate R&D expenditure in pharmaceuticals would rise only 14% in the contra-innovation scenario, compared with 66% in the pro-innovation scenario. 

Healthcare: Pharmaceutical innovation can help reduce future healthcare costs, so it should be treated as a long-term investment, not simply as an expense. As an example, in 2035, a pro-innovation path would leave German healthcare spending about 3.1 percentage points of GDP lower than a contra-innovation path, saving around EUR124 billion.  

Strategic autonomy: Creating the right conditions to support the launch of new pharmaceuticals in Europe is critical to allow Europeans to benefit from the latest medical innovation. To be effective, research & development and local manufacturing capacity should be supported by a commercial environment that retains, scales innovation in domestic markets. The analysis shows that in France, Germany and Italy, a pro-innovation policy path could result in around 390 additional Life Sciences companies being founded per year by 2035 compared with a contra-innovation path, strengthening Europe's domestic innovation ecosystem.

"Pharmaceutical innovations should not be seen simply as a cost for healthcare systems. Innovation allows us to prevent disease, reduce hospital stays, and keep economies productive. This report shows that affordability and innovation are not competing goals but need to be addressed together," said Shashank Deshpande, Chairman of the Board of Managing Directors, Boehringer Ingelheim. 

The report highlights that a coordinated approach, aligning healthcare, industrial, innovation and economic policy, relies on the following requirements: predictable and transparent pricing frameworks, strong and reliable intellectual property protection, and efficient and timely regulatory pathways. 

Download the report here: https://www.ey.com/en_uk/industries/life-sciences-innovation-at-a-crossroads 

About the "Innovation at a Crossroads" report 

The report was commissioned by Boehringer to consider policy developments and their impacts in order to provide a strategic assessment of the policy landscape, rather than a precise quantitative forecast. Based on analysis by EY, the report's policy assessment covers measures introduced or proposed between 2022 and June 2026. The assessment and scenarios rely on a set of assumptions and judgements regarding the potential impact of policies, which are inherently uncertain.

Boehringer Ingelheim 

Boehringer Ingelheim is a biopharmaceutical company active in both human and animal health. As one of the industry's top investors in research and development, the company focuses on developing innovative therapies that can improve and extend lives in areas of high unmet medical need. Independent since its foundation in 1885, Boehringer takes a long-term perspective. Our approximately 54,300 employees serve over 130 markets to build a healthier tomorrow. Learn more at https://www.boehringer-ingelheim.com (Global) or https://www.boehringer-ingelheim.com/uk (UK).  

Copyright 2026 GlobeNewswire, Inc.

Source: Hong Kong Science and Technology Parks Corporation

Leading 10 Park Companies to Expand Overseas and Deepen Collaboration with Singapore

HONG KONG SAR - Media OutReach Newswire - 11 November 2026 - Hong Kong Science and Technology Parks Corporation (HKSTP) has successfully concluded its inaugural participation at Singapore Urban Mobility Week 2026 (SUMW 2026), organised by the Land Transport Authority (LTA) of Singapore from 4-6 November 2026. This mission also marked HKSTP's first dedicated overseas pavilion focused on the theme of "Smart Mobility".

Leading a delegation of 10 outstanding park tech ventures, HKSTP showcased Hong Kong's cutting-edge R&D capabilities in smart transit, autonomous driving, passenger experience, and intelligent transport solutions. The initiative actively unlocked international partnerships and commercial opportunities, reinforcing Hong Kong's firm positioning as an international innovation and technology hub.

Through this delegation, HKSTP further solidified its strategic partnership with Singapore government authorities while expanding multifaceted collaborations with local commercial partners across land transport operators, urban rail networks, and major transport hubs.

Notably, Mr. Ng Lang, Chief Executive of the Land Transport Authority (LTA) of Singapore, visited the HKSTP Pavilion, acknowledging the immense potential of park ventures to integrate into Singapore's smart mobility ecosystem. Additionally, HKSTP hosted the "HKSTP Global Mixer ? Mobility & Logistics in Singapore" networking event, gathering over 100 representatives from the Hong Kong Economic and Trade Office in Singapore, InvestHK, HKTDC, park ventures, and Singaporean industry leaders to foster multi-party dialogue and cross-border exchange.

Mr Terry Wong, Chief Executive Officer of HKSTP, said: " HKSTP is committed to empowering tech ventures to scale globally. Debuting our first overseas smart mobility pavilion provides a targeted strategy that opens doors for park companies to connect directly with local authorities, industry leaders, academia, and investors. This initiative highlights Hong Kong's unique role as a gateway for cross-border collaboration and a 'super-connector' and 'super value-adder'. HKSTP will continue to expand its network across Southeast Asia and deepen long-term collaboration between Hong Kong and Singapore in smart city and transport technologies, reinforcing Hong Kong's position as an international innovation and technology hub."

HKSTP has been actively driving cross-regional collaborations in recent years to provide comprehensive support for park ventures expanding into Southeast Asia and international markets, delivering remarkable results. Moving forward, HKSTP will continue to leverage its strength as a "two-way gateway" to lead more outstanding tech ventures beyond Hong Kong, deepen global commercial and technical matchmaking, and empower them to achieve tangible business breakthroughs in overseas markets.

Click here to download high-res photos

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

Hashtags: #HKSTP #HongKongScienceandTechnologyParksCorporation

DUBLIN, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Travel is changing, and not simply because people are going abroad more often; as travellers, we are rethinking where we go, how we plan our journeys and what we expect along the way. What was considered a luxury just a few years ago is now a must-have, while things we could hardly have imagined have become part of everyday life.

Think back to when finding a taxi in an unfamiliar city meant having to call for one, something most travellers would hardly think of doing today.

To understand these changes and how travel continues to evolve, Holafly has launched the second edition of its Global eSIM & Travel Report 2026?2027, bringing together the experiences and expectations of 5,220 international travellers across 13 countries to explore the forces shaping travel today and tomorrow.

The report looks at how people travelled in 2026, where they are planning to go in 2027 and how technology and sustainability are influencing their decisions. It also explores the evolution of business travel and how travel eSIMs are changing the way we use our phones abroad. Rather than focusing on a single trend, it brings these perspectives together to understand what travellers increasingly expect from their journeys.

One of the clearest findings is that the appetite for international travel remains strong, with 49% of respondents travelling more frequently than they did two years ago and 75% expecting to take at least two international trips in 2027, up from 67% last year. Travellers are also becoming more independent, with solo travel rising from 20% to 24% over the past year.

The way travellers access the internet abroad is changing rapidly, with 29% of respondents now using eSIMs as their main way of accessing mobile data abroad, up from 17% in 2025, while 44% frequently use AI to plan their trips, an increase of 13 percentage points. What once felt like an added convenience is now becoming something travellers expect to have at their fingertips.

"The interesting thing about travel is how quickly our expectations change. A few years ago, managing almost everything from your phone felt like a convenience; today, we simply expect it to work, wherever we are. What matters is not the technology itself, but what it allows people to do. This report helps us understand how those everyday changes are transforming the way we experience the world," said Alfonso Mata, Head of Strategy at Holafly.

The Holafly Global eSIM & Travel Report 2026?2027 offers a broader picture of an industry evolving alongside its travellers. While the desire to discover new places remains much the same, how we plan, experience and think about our journeys continues to change.

Copyright 2026 GlobeNewswire, Inc.

SINGAPORE, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") reports its unaudited financial and operating results for the three and nine month periods ended 30 September 2026.

The complete quarterly reporting package for the Company, including the unaudited financial statements (the "Interim Financial Statements") and associated management's discussion and analysis ("MD&A") are being filed on SEDAR+ at www.sedarplus.ca and posted the Company's website at www.valeuraenergy.com.

Q3 Highlights

Oil production of 2.036 million bbls, averaging 22,128 bbls/d(1);

Oil sales of 2.013 million bbls;

Price realisations averaged US$97.4/bbl, resulting in revenue of US$196.1 million;

Adjusted EBITDAX of US$115.8 million(2) and adjusted cashflow from operations of US$93.6 million(2);

Net cash of US$384.9 million(3), with no debt.

Exploration discovery on Block G1/48(4) ? the Suraphi oil field;

Final investment decision ("FID") on the first phase of development of the Bussabong gas field, on Block G3/65(5); and

Milestone cumulative production of 100 million bbls of oil from the Jasmine/Ban Yen field on Block B5/27(6) as of 21 September 2026.

Recent Achievements

Early completion and installation of the new Wassana central processing platform ("CPP") on Block G10/48(6).

(1) Working interest share production, before royalties.

(2) Non-IFRS financial measure or non-IFRS ratio ? see "Non-IFRS Financial Measures and Ratios" section.

(3) Includes restricted cash of US$15.8 million.

(4) 70% operated working interest.

(5) 40% non-operated working interest.

(6) 100% operated interest.

Dr. Sean Guest, President and CEO commented:

"Across the entire spectrum including exploration, development, and production, our performance in Q3 2026 provides strong examples of how we are delivering value for our stakeholders. We are firing on all cylinders.

Our exploration discovery at Suraphi creates a line of sight to a longer life for the G1/48 Block by unlocking both new and stranded oil accumulations in the vicinity. Our Wassana redevelopment project demonstrates our ability to execute high value offshore developments efficiently, underscored by our two-month acceleration of the CPP installation. Our FID of the first phase of development at the Bussabong field lays a framework for us to diversify our portfolio and to build materiality from gas development over time. All of this was delivered safely, and while recording high-margin oil production exactly in line with our plan.

From a financial perspective, our Q3 performance illustrates how our portfolio is pre-disposed to turning high oil prices into a formidable stream of cash flow. As a result, by the end of Q3 our balance sheet had grown to US$385 million in cash, with no debt. This position, together with our undrawn credit facility, provides the wherewithal for us to pursue our inorganic growth ambitions in Thailand and elsewhere in the region. We are excited by the opportunity set before us and see the potential for Valeura to deliver transformational growth."

Financial and Operating Results Summary

		Three months ended				Nine months ended
		30 September 2026	30 September 2025	Delta (%)		30 September 2026	30 September 2025	Delta (%)
Oil Production(1)	(願 bbls)	2,036	2,114	-4%		6,075	6,210	-2%
Average Daily Oil Production(1)	(bbls/d)	22,128	22,976	-4%		22,254	22,743	-2%
Average Realised Price	($/bbl)	97.4	72.1	+35%		93.5	72.9	+28%
Oil Volumes Sold	(願 bbls)	2,013	2,160	-7%		5,861	5,943	-1%
Oil Revenue	($'000)	196,106	155,651	+26%		548,126	432,996	+27%
Profit before income taxes	($'000)	48,690	23,689	+106%		149,813	76,681	+95%
Net Income	($'000)	25,646	15,813	+62%		84,695	35,335	+140%
Adjusted EBITDAX(2)	($'000)	115,814	80,710	+43%		320,274	230,306	+39%
Adjusted Pre-Tax Cashflow from Operations(2)	($'000)	109,779	77,667	+41%		294,486	202,536	+45%
Adjusted Cashflow from Operations(2)	($'000)	93,558	73,616	+27%		268,988	197,034	+37%
Operating Costs	($'000)	52,704	49,093	+7%		142,413	131,741	+8%
Adjusted Opex(2)	($'000)	57,118	52,525	+9%		166,847	158,830	+5%
Operating Costs per bbl	($/bbl)	25.9	23.2	+12%		23.4	21.2	+10%
Adjusted Opex per bbl(2)	($/bbl)	28.1	24.8	+13%		27.5	25.6	+7%
Adjusted Capex(2)	($'000)	40,861	52,355	-22%		150,739	134,189	+12%
Weighted average shares outstanding ? basic	(願 shares)	106,271	106,219	+0%		106,028	106,339	-0%

 

		As at
		30 September 2026	31 December 2025	Delta (%)
Cash and cash equivalents(3)	($'000)	384,941	305,738	+26%
Adjusted net working capital(2)	($'000)	366,513	261,498	+40%
Shareholder's equity	($'000)	630,716	542,796	+16%

 

(1) Working interest share production before royalties.

(2) Non-IFRS financial measure or non-IFRS ratio - see "Non-IFRS Financial Measures and Ratios" section.

(3) Includes restricted cash.

Financial Update

The Company's Q3 2026 financial performance reflects ongoing production operations at all four of its operated fields in the offshore Gulf of Thailand, and was influenced by continuing high realised prices during the quarter, coupled with sales volumes essentially equivalent to production volumes.

Valeura's working interest share production before royalties averaged 22,128 bbls/d, resulting in a total of 2.036 million bbls produced during Q3 2026, which was approximately 4% lower than Q3 2025. Production was above the Company's expectations for the quarter, and continues to support its production guidance outlook for the full year 2026 as set out in its Revised Guidance (September 2026).

Oil sales totalled 2.013 million bbls during Q3 2026, which was approximately the same as production, and therefore resulted in crude oil inventory being unchanged from the beginning of the quarter. Realised prices during Q3 2026 averaged US$97.4/bbl, a 35% increase over Q3 2025, and a reflection of higher global oil benchmark prices as a result of the conflict in the Middle East.

Q3 2026 revenue was US$196.1 million, an increase of 26% over Q3 2025 revenue, primarily as a result of higher realised prices. Revenue in Q3 2026 includes crude oil receivables of US$22.6 million at 30 September 2026(2), in respect of oil sales just prior to the end of the quarter.   Consequently, these particular sales are included in revenue for Q3 2026, but are not reflected in the Company's cash position as at 30 September 2026.

Valeura's cost of operations in Q3 2026 was influenced by continuing high prices for refined fuel products, notably diesel, which is consumed across the Company's portfolio and comprises a material proportion of the operating budget. Operating costs for the quarter totalled US$52.7 million, equating to US$25.9/bbl of oil produced. As previously disclosed, in describing its cost of ongoing operations Valeura focuses primarily on operating costs, which is an IFRS measure.

However, the Company continues to provide information on Adjusted opex, a non-IFRS measure(1), for historical comparative purposes. To derive Adjusted opex, the Company adjusts for (1) the cost of leases, relating primarily to floating infrastructure used in its operations, which totalled US$6.0 million in Q3 2026; and (2) the capitalisation of inventory, amounting in Q3 2026 to (US$1.6) million. These adjustments thereby result in Adjusted opex of US$57.1 million, or US$28.1/bbl of oil produced in Q3 2026. Management estimates that the increase in the price of diesel has resulted in an addition of approximately US$3.7/bbl to its Q3 2026 Adjusted opex versus its original plan.

Valeura generated adjusted cashflow from operations(1) of US$93.6 million in Q3 2026, which was 27% higher than in Q3 2025, reflecting higher cash flow margins which were driven by higher revenue more than offsetting increases in operating costs.

Valeura had no cash tax payments during Q3 2026. Following the Company's cash tax payments in Q2 2026, no further Special Remuneratory Benefit ("SRB") obligations or Petroleum Income Taxes ("PITA") cash payments are anticipated for the rest of 2026. SRB and PITA for 2026 production will be paid in May 2027. PITA accrued for Q3 2026 (relating to the Nong Yao, Wassana, and Manora fields) was fully offset by the application of tax loss carry-forwards.

Valeura made cash outlays in respect of its operating expenses and capex of US$93.6 million in Q3 2026, and generated Other Income, primarily related to its overriding royalty on the Rossukon field and interest income, of US$5.0 million. As a result, the Company's performance was additive to its financial position. As at 30 September 2026, cash had increased to US$384.9 million, including restricted cash of US$15.8 million. Valeura's adjusted net working capital(1) increased to US$366.5 million as at 30 September 2026, an increase of 40% from 31 December 2025.

(1) Non-IFRS financial measure or non-IFRS ratio - see "Non-IFRS Financial Measures and Ratios" section.

(2) Excludes Value Added Tax.

Operations Update

During Q3 2026, Valeura had ongoing production operations at all four of its operated Gulf of Thailand fields. One drilling rig was on contract during the quarter, until demobilisation from its final Valeura drilling operation on 18 September 2026.

Jasmine / Ban Yen

Oil production before royalties from the Jasmine/Ban Yen field, in Licence B5/27 (100% operated interest) averaged 8,238 bbls/d during Q3 2026.

Production rates reflect the impact of a successful drilling campaign which was completed during the quarter. Valeura drilled two new wellbores from the Jasmine-C platform and two from Jasmine-D. The drilling programme included two horizontal development wells and two dual-objective deviated wells drilled for both development and appraisal targets.

In addition to increasing production, the drilling programme's multi-objective wells successfully appraised several new zones, which are being studied as potential future development candidates.

During Q3 2026, cumulative oil production from the Jasmine/Ban Yen field reached a milestone of 100 million bbls produced, substantially exceeding the original production estimates for the field.

Nong Yao

Working interest share oil production before royalties from the Nong Yao field, in Licence G11/48 (90% operated working interest) averaged 9,255 bbls/d during Q3 2026.

In addition to routine production and maintenance operations in Q3 2026, Valeura advanced its project to add four additional well slots to the Nong Yao A platform and completed it in October 2026. The Company has since mobilised its new drilling rig to the Nong Yao field, where it plans to drill three wells from the new slots in Q4 2026.

Wassana

Oil production before royalties from the Wassana field, in Licence G10/48 (100% operated interest), averaged 2,484 bbls/d during Q3 2026. No wells were drilled on the licence in Q3 2026, and no further wells are planned to be drilled from the field's original production facility, the Mobile Offshore Production Unit ("MOPU") Ingenium.

Onshore construction of the Wassana field's new CPP facility progressed ahead of schedule in Q3 2026 and was fully completed on 01 October 2026. The CPP facility's jacket structure and the CPP itself were mobilised to the field in October and safely installed on location. Hook up and commissioning of the facility has commenced and Valeura plans to begin development drilling from the CPP later in Q4 2026.

In accordance with the project plan, installing the CPP will require a shutdown of production from the field's existing production facilities for approximately two months, to execute upgrades to the field's floating storage and offloading vessel. This shutdown is scheduled to begin in mid-November 2026.

Manora

Working interest share oil production before royalties from the Manora field, in Licence G1/48 (70% operated working interest), averaged 2,148 bbls/d during Q3 2026.

During Q3 2026 Valeura drilled the Manora-9 open water exploration well, approximately 4.5 km to the northeast of the Manora-A platform. The well, along with follow-up sidetracks, identified several oil-bearing sandstone intervals within separate fault blocks, thereby constituting a new field on the licence, to be known as Suraphi. Valeura's management believes the discovery is likely to justify a satellite facility development on the block. The Company is evaluating whether to pursue a fast-track development of the Suraphi field, or to first conduct further appraisal drilling in the vicinity, with a decision anticipated by the end of 2026.

Block G1/65 and G3/65

In September 2026, the Cabinet of the Government of Thailand granted executive approval for the transfer of interest from PTTEP Energy Development Company Limited ("PTTEP"), a subsidiary of PTT Exploration and Production Public Company Limited to Valeura, in connection with the Company's strategic farm-in to Blocks G1/65 and G3/65. Valeura expects to complete the administrative steps to close the transfer of 40% non-operated working interest in each of the blocks before the end of 2026.

Also in September 2026, Valeura and PTTEP took a final investment decision to proceed with an initial gas development at the Bussabong gas field on Block G3/65. The project will be Valeura's first organic gas development in its Thailand portfolio and entails two gas wellhead platforms tied in to nearby processing infrastructure. Valeura anticipates first production from the Bussabong field at approximately year-end 2028.

In addition, Valeura and PTTEP are continuing to plan the next phases of appraisal and exploration on several focus areas in both Block G1/65 and G3/65, guided by 3D seismic data, which was acquired in 2025.

T?rkiye

On the West Thrace Production Leases and the West Thrace Exploration Licence, Transatlantic has satisfied the earning requirements entitling it to a 50% undivided working interest, but in Q3 2026, notified Valeura of its intent to relinquish its earning rights. Accordingly, Valeura's interest remains 63% in these blocks and 100% in the Banarli Licence.

The Company intends to seek a new farm-in partner to pursue the next phases of exploration and appraisal on its tight gas play in T?rkiye.

Valeura's management remains primarily focused on executing to add value through its growth-oriented strategy in the Asia-Pacific region, but continues to see the T?rkiye tight gas play as a potentially significant source of value in the longer term.

Guidance

Full year 2026 production is expected to be above the guidance mid-point despite a planned shutdown of the Wassana field now planned to begin in November 2026 rather than in 2027, in accordance with the accelerated redevelopment work plan.  

Operating Costs and Adjusted opex continue to be affected by higher than anticipated oil prices and the flow through effect to the cost of diesel fuel. Prices have remained at elevated levels throughout both Q2 and Q3, and are continuing into Q4 2026. As a result, the Company now anticipates its full year Adjusted opex being just above the top end of its Revised Guidance (September 2026) range. Accordingly, Valeura is adjusting its guidance on Adjusted opex as indicated in the Revised Guidance (November 2026) figures below.

All capital projects associated with Valeura's original 2026 work programme, and those added by way of its Revised Guidance, as announced in May and September 2026, remain on budget.

Original Guidance	Revised Guidance (May 2026)	Revised Guidance (September 2026)	Revised Guidance (November 2026)
Production(1)	(願 bbls)	19,500 ? 22,500	19,500 ? 22,500	20,000 ? 22,000	20,000 ? 22,000
Adjusted opex(2)	(US$ million)	190 ? 220	190 ? 220	190 ? 220	225 ? 235
Adjusted capex(2) (including exploration spend)	(US$ million)	175 ? 195	195 ? 215	220 ? 235	220 ? 235

 

(1) Working interest share production before royalties.

(2) Non-IFRS financial measure or non-IFRS ratio ? see "Non-IFRS Financial Measures and Ratios" section.

The Company intends to fund its Adjusted opex and Adjusted capex spending from ongoing cash flow.

Webcast

Valeura's management team will host an investor and analyst webcast tomorrow, Thursday, 12 November 2026 at 08:00 Calgary / 14:00 London / 21:00 Bangkok / 22:00 Singapore to discuss this announcement. The live audio and video feed can be accessed via the link below. Written questions may be submitted through the webcast system or by email to IR@valeuraenergy.com.

Webcast link: https://events.teams.microsoft.com/event/643f46a0-dd8c-4bd1-a230-7c4286f43037@a196a1a0-4579-4a0c-b3a3-855f4db8f64b?source=copyLinkLegacyShareLinkDialog

An audio only feed of the event is available by phone using the Conference ID and dial-in numbers below.

Conference ID: 115 585 132#

Dial-in numbers:

Canada: 833-845-9589

Singapore: +65 6450 6302

Thailand: +66 2 026 9035

T?rkiye: 0800 142 034779

United Kingdom: 0800 640 3933

United States: (833) 846-5630

For further information, please contact:

Valeura Energy Inc. (General Corporate Enquiries)  +65 6373 6940

Sean Guest, President and CEO

Yacine Ben-Meriem, CFO

Contact@valeuraenergy.com  

Valeura Energy Inc. (Investor and Media Enquiries)  +1 403 975 6752

Robin James Martin, SVP, Communications and Investor Relations

IR@valeuraenergy.com

Contact details for the Company's advisors, covering research analysts and joint brokers, including ATB Cormark Capital Markets, Auctus Advisors LLP, Beacon Securities Limited, Canaccord Genuity Ltd (UK), Research Capital Corporation, Roth Canada Inc., and Stifel Nicolaus Europe Limited, are listed on the Company's website at www.valeuraenergy.com/investor-information/analysts/.

About the Company

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and T?rkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.

Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

Unaudited Financial Information

Certain anticipated financial and operating results for Q3 2026 in this news release, including free cash flow, are preliminary estimates based on unaudited financial information. These preliminary figures have not been audited or reviewed by the Company's auditor and remain subject to change, which changes could be material, upon completion of the Company's unaudited Interim Financial Statements for the three and six months ended 30 September 2026 and management's final review.

Non-IFRS Financial Measures and Ratios

Adjusted EBITDAX: is a non-IFRS financial measure which does not have a standardised meaning prescribed by IFRS Accounting Standards. This non-IFRS financial measure is included because management uses the information to analyse the financial performance of the Company. Adjusted EBITDAX is a non-IFRS and non-standardised variant of EBITDAX, adjusted to remove non-cash items as well as certain non-recurring costs including severance payments and other one-off items in relation to the Company's recent acquisitions. Adjusted EBITDAX is calculated by adjusting profit for the period before other items as reported under IFRS Accounting Standards to exclude the effects of other income, exploration, SRB, finance income and expense, depletion, depreciation & amortisation ("DD&A"), other costs, and certain non-cash items (such as impairments, foreign exchange, unrealised risk management contracts, reassessment of contingent consideration and gains or losses arising from the disposal of capital assets). In addition, share-based compensation is excluded from adjusted EBITDAX, as the expenses are not indicative of the underlying financial performance of the Company.

Three months ended			Nine months ended
$'000	Unaudited	Unaudited		Unaudited	Unaudited
	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Profit for the period before other items	48,498	23,516		149,205	76,081
Other income	(5,027)	(3,386)		(15,109)	(14,496)
Exploration	1,459	201		2,031	3,692
SRB	13,904	3,582		14,277	3,778
Finance costs	4,875	5,941		13,944	16,388
DD&A	48,934	49,951		143,732	139,701
Share-based compensation (1)	3,171	905		12,194	5,162
Adjusted EBITDAX	115,814	80,710		320,274	230,306

 

(1) Items are not shown in the Company's Interim Financial Statements ? see the Adjusted G&A Expenses section for more details.

Adjusted opex and adjusted opex per barrel: are a non-IFRS financial measure and a non-IFRS financial ratio respectively, which do not have standardised meanings prescribed by IFRS Accounting Standards. This non-IFRS financial measure and ratio are included because management uses the information to analyse cash generation and financial performance of the Company. Operating cost represents the operating cash expenses incurred by the Company during the period including the leases that are associated with operations, such as bareboat contracts for key operating equipment, such as FSOs, floating production, storage, and offloading vessels ("FPSO"), MOPUs, and warehouses. Adjusted opex is calculated by effectively adjusting non-cash items from the operating cost and adding lease costs.

Adjusted opex is divided by production in the period to arrive at adjusted opex per barrel. Valeura calculates adjusted opex per barrel to provide a more consistent indication of the cost of field operations. Adjusted opex, as opposed to operating expenses, excludes the impacts of non-recurring, non-cash items such as prior period adjustments, and adds back lease costs in relation to FSOs, FPSOs, MOPU, and other facilities.

Three months ended			Nine months ended
$'000	Unaudited	Unaudited		Unaudited	Unaudited
	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Operating Costs(1)	52,704	49,093		142,413	131,741
Adjustment of accounting related to inventory capitalisation(2)	(1,565)	(4,751)		5,533	2,306
Leases(3)	5,979	8,183		18,901	24,783
Adjusted Opex	57,118	52,525		166,847	158,830
Production Volumes during the period (mbbls)	2,036	2,114		6,075	6,210
Adjusted Opex per Barrel(2) ($/bbl)	28.1	24.8		27.5	25.6

 

(1) Operating costs, derived from the Interim Financial Statements, are presented net of crude oil inventory capitalisation
(2) The item is not shown in the Interim Financial Statements. The cost of crude inventory is capitalised from operating costs. As a result, the Company has excluded the effect of crude inventory capitalisation.
(3) In accordance with IFRS 16 Leases, the Company recognised cost related to its operating leases ? attributed to FSO and FPSO vessels and MOPU used at its Jasmine/Ban Yen, Nong Yao, Manora, and Wassana fields, as well as onshore warehouse facilities costs to its balance sheet and finance cost in the profit and loss statement. In order to report a more relevant lifting cost, the Company has included costs associated with these leases in the adjusted operating cost calculation. This will be a recurring adjustment.

Adjusted G&A expenses: is a non-IFRS financial measure, which does not have standardised meanings prescribed by IFRS Accounting Standards. This non-IFRS financial measure is included because management uses the information to analyse cash generation and financial performance of the Company. G&A expenses represent the administrative expenses incurred by the Company during the period, including personnel and office expenses, share-based compensation, severance, IT licences and consultancy and professional services. To analyse the Company's cash generation and financial performance, adjusted G&A expenses is calculated by deducting non-cash items such as the provision for severance, and share-based compensation, from the G&A expenses reported in the financial statements.

	Three months ended			Nine months ended
$'000	Unaudited	Unaudited		Unaudited	Unaudited
	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Personnel and office costs	3,871	5,372		15,190	14,886
Share-based compensation	3,171	905		12,194	5,162
Severance	157	229		605	93
IT hardware and software licences	-	90		-	342
Consultancy and professional services	745	1,398		2,966	2,988
Total G&A expenses	7,944	7,994		30,955	23,471
Non-cash items	(1,550)	(1,294)		(10,840)	(4,481)
Adjusted G&A expenses(1)	6,394	6,700		20,115	18,990

(1) Adjusted G&A expenses are newly presented in the current period.

Adjusted cashflow from operations and adjusted cashflow from operations per barrel: are a non-IFRS financial measure and a non-IFRS financial ratio respectively, which do not have a standardised meaning prescribed by IFRS Accounting Standards. This non-IFRS finance measure and ratio are included because management uses the information to analyse cash generation and financial performance of the Company. Adjusted cashflow from operations is calculated using two methods which generate the same figures: a) by subtracting from oil revenues, adjusted opex, royalties, general and administrative costs which are adjusted for non-recurring charges (generating the adjusted pre-tax cashflow), and accrued PITA taxes and SRB expenses, and b) to enhance and facilitate to the reader a reconciliation of this non-IFRS measure, the Company also presented the adjusted cash flow from operations by calculating from cash generated from (used in) operating activities in the consolidated statement of cash flows, adjusting with non-cash items, adjusted opex, general and administrative costs which are adjusted for non-recurring charges (generating the adjusted pre-tax cashflow), and accrued PITA tax and SRB expenses.

Adjusted cashflow from operations is divided by production in the period to arrive at adjusted cashflow from operations per bbl. Valeura calculates adjusted cashflow from operations per barrel, to provide a more consistent indication of cashflow generated from operations by the Company.

	Three months ended			Nine months ended
$'000	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Oil revenues	196,106	155,651		548,126	432,996
Royalties	(22,815)	(18,759)		(66,678)	(52,640)
Adjusted opex	(57,118)	(52,525)		(166,847)	(158,830)
Adjusted G&A expenses(1)	(6,394)	(6,700)(1)		(20,115)	(18,990)(1)
Adjusted pre-tax cashflow from operations	109,779	77,667(3)		294,486	202,536(3)
Income tax / PITA tax	(2,317)	(469)		(11,221)	(1,724)
SRB	(13,904)	(3,582)		(14,277)	(3,778)
Adjusted cashflow from operations	93,558	73,616(3)		268,988	197,034(3)
Production during the period (mbbls)	2,036	2,114		6,075	6,210
Adjusted cashflow from operations per barrel ($/bbl)	46.0	34.8(3)		44.3	31.7(3)

 

	Three months ended			Nine months ended
$'000	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Net cash generated from operating activities	134,462	76,419		294,122	156,199
Change in non-cash working capital	(33,602)	2,356		26,358	49,533
Non-cash and other adjustments(2)	72,431	58,117		160,968	174,624
Adjusted opex	(57,118)	(52,525)		(166,847)	(158,830)
Adjusted G&A expenses(1)	(6,394)	(6,700)(1)		(20,115)	(18,990)(1)
Adjusted pre-tax cashflow from operations	109,779	77,667(3)		294,486	202,536(3)
Income tax / PITA tax	(2,317)	(469)		(11,221)	(1,724)
SRB	(13,904)	(3,582)		(14,277)	(3,778)
Adjusted cashflow from operations	93,558	73,616(3)		268,988	197,034(3)
Production during the period (mbbls)	2,036	2,114		6,075	6,210
Adjusted cashflow from operations per barrel ($/bbl)	46.0	34.8(3)		44.3	31.7(3)

(1) Adjusted G&A expenses are newly applied to present adjusted cash flow from operations.
(2) Includes non-cash items and other adjustments, including taxes paid, decommissioning expenditures and restricted cash movements, to align with net cash from operating activities.
(3) Prior year adjusted pre-tax cashflow from operations and adjusted cashflow from operations are revised to align with the current period's presentation.

Free cash flow: is a non-IFRS financial measure which does not have a standardised meaning prescribed by IFRS Accounting Standards. This non-IFRS finance measure is included because management uses the information to analyse cash generation of the Company. Free cash flow is calculated by starting with adjusted cash flow from operations, subtracting adjusted capex, and exploration expenses, adding other income, and excluding any effects of foreign exchange gains or losses.

	Three months ended			Nine months ended
$'000	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Adjusted cashflow from operations	93,558	73,616(1)		268,988	197,034(1)
Adjusted capex	(40,861)	(52,355)		(150,739)	(134,189)
Exploration expenses(2)	(7,489)	(267)		(9,177)	(4,266)
Other income	5,027	3,386		15,109	10,496(3)
Foreign exchange (gain) loss	39	(218)		(266)	(3,122)
Free cash flow	50,274	24,162(4)		123,915	65,953(4)

(1) Prior year adjusted pre-tax cashflow from operations and adjusted cashflow from operations are revised to align with the current period's presentation
(2) Exploration expenses include exploration expenses in profit and loss and exploration and evaluation assets ("E&E assets").
(3) Prior year Free cash flow is revised to align with the current period's presentation.

Outstanding debt and net cash: are non-IFRS financial measures which do not have a standardised meaning prescribed by IFRS Accounting Standards. These non-IRFS financial measures are provided because management uses the information to a) analyse financial strength and b) manage the capital structure of the Company. These non-IFRS measures are used to ensure capital is managed effectively in order to support the Company's ongoing operations and needs.

$'000	30 September 2026	31 December 2025
Outstanding Debt	-	-
Cash and cash equivalents	369,155	282,739
Restricted cash (Current)	8	8
Restricted cash (Non-current)	15,778	22,991
Cash balance	384,941	305,738
Net cash	384,941	305,738

Net working capital and adjusted net working capital: are non-IFRS financial measures which do not have a standardised meaning prescribed by IFRS Accounting Standards. These non-IFRS financial measures are included because management uses the information to analyse liquidity and financial strength of the Company. Net working capital is calculated by deducting current liabilities from current assets. Adjusted net working capital is calculated by adding back the current leases liabilities and including non-current restricted cash in net working capital.

The leases are associated with operations, such as bareboat contracts for key operating equipment, such as FSOs, FPSOs, MOPU, and warehouses which are included in the Company's disclosed adjusted opex (and adjusted opex guidance). Management believes the adjusted net working capital provides a useful data point to the reader to ascertain the business' next-twelve-months surplus or deficit capital requirement. It is also a data point that management uses for cash management.

$'000	30 September 2026	31 December 2025
Current assets	495,546	382,253
Current liabilities	(166,956)	(180,695)
Net working capital	328,590	201,558
Current lease liabilities	22,145	36,949
Restricted cash (Non-current)	15,778	22,991
Adjusted net working capital	366,513	261,498

Adjusted capex: is a non-IFRS measure which does not have a standardised meaning prescribed by IFRS Accounting Standards. Adjusted capex is defined as the addition in capital expenditure for capital work-in-progress, drilling, brownfield, and other PP&E. Management uses this non-IFRS measure to analyse the capital spending of the Company and assess investments in its assets.

	Three months ended			Nine months ended
$'000	30 September 2026	30 September 2025		30 September 2026	30 September 2025
Capital work-in-progress(1)	18,333	16,258		51,542	26,421
Drilling	15,625	31,647		74,003	88,210
Brownfield	5,784	3,432		17,201	16,284
Other PP&E(2)	1,119	1,018		7,993	3,274
Adjusted Capex	40,861	52,355		150,739	134,189

(1) Capital work-in-progress represents expenditures related to the Wassana redevelopment project incurred prior to the commencement of production.

(2) Other PP&E includes office equipment and spare parts movement during the year.

Advisory and Caution Regarding Forward-Looking Information

Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information in this news release includes, but is not limited to: the potential for a longer life for the G1/48 block; the Company's expectation that FID of the first phase of development at the Bussabong field will build materiality from gas development over time; the Company's cash and credit facility providing the wherewithal for it to pursue inorganic growth; no further PITA or SRB cash tax payments being anticipated in 2026; timing for future drilling campaigns; the potential for the Suraphi discovery to justify a satellite facility development on the G1/48 block; timing to decide between fast-track development or further appraisal on the G1/48 block; timing to complete the administrative steps to close the transfer of 40% non-operated working interest in Blocks G1/65 and B3/65; Valeura's plans to begin development drilling from the CPP at the Wassana field and the expected timing thereof; the expected timing of first production from the Bussabong field; and the potential for the T?rkiye tight gas play to be a significant source of value in the longer term.

Forward-looking information is based on management's current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; future drilling activity on the required/expected timelines; the prospectivity of the Company's lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the ongoing conflicts between the U.S.-Israel and Iran, and between Russia and Ukraine; royalty rates and taxes; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to fund its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company's reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; future debt levels; and the Company's continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company's work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners' plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company's ability to manage growth; the Company's ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the Company's most recent annual information form and the MD&A for a detailed discussion of the risk factors.

Certain forward-looking information in this news release may also constitute "financial outlook" within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura's prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management's assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura's current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

The forward-looking information contained in this new release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this new release is expressly qualified by this cautionary statement.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Copyright 2026 GlobeNewswire, Inc.

PALMA, SPAIN - Media OutReach Newswire - 11 November 2026 - Huawei announced the launch of HUAWEI LUTERRA S2, an all-in-one residential energy system that integrates a hybrid inverter, storage, and AI-powered energy management in one stackable unit. Designed for easy deployment, LUTERRA S2 can be installed and commissioned in minutes.

Available in single-phase (3-10 kW) and three-phase (5- 20 kW) configurations, LUTERRA S2 is the industry's first all-in-one residential energy system built on Huawei's proprietary full-SiC (silicon carbide) architecture, delivering exceptional efficiency, power density, and reliability.

"We are thrilled to introduce HUAWEI LUTERRA S2, our next-generation all-in-one residential energy system," said Steve Zhang, President of Huawei Distributed PV & BESS Business. "By combining full-SiC architecture, AI-driven energy management, and industry-leading safety, LUTERRA S2 is designed to be smaller, lighter, quieter, safer, smarter and more powerful than ever before."

As solar, storage, EV charging, and home energy management continue to converge, homeowners are looking for solutions that go beyond power and capacity to deliver greater intelligence, efficiency, and safety.

To meet these evolving needs, Huawei introduces HUAWEI LUTERRA S2, a breakthrough residential energy system built on three defining pillars: Ultimate Experience, Ultimate Intelligence, and Ultimate Safety.

Ultimate Experience: From Core Technology to Everyday Experience

LUTERRA S2 combines high power density and compact design, delivering 20 kW-class power in a streamlined form factor. Powered by Huawei's proprietary full-SiC architecture and ANPC topology, it achieves up to 99% efficiency. Built-in energy optimizers enable up to 5.0 MWh/kWh of lifetime usable energy and a design lifespan of more than 15 years.

Beyond technical performance, LUTERRA S2 is designed to integrate naturally into modern homes. Its art-inspired design, Red Dot Award-winning hardware, App 3.0, and intelligent breathing light create a seamless blend of technology and lifestyle.

The industry's first 20 kW-class all-natural cooling design eliminates the need for external fans and maintains operating noise below 29 dB.

Ultimate Intelligence: From Automation to Active Decision-Making

Through the AI Energy Management 2.0 platform, LUTERRA S2 brings intelligence to energy planning, operation, and value optimization.

By integrating weather forecasts, electricity prices, household loads, and energy status, the platform intelligently coordinates photovoltaic systems, energy storage, EV charging, heat pumps, and virtual power plants (VPPs). This coordination maximizes the value of every kilowatt-hour generated, stored, and consumed.

For homeowners, the AI Assistant turns complex energy management into simple, conversational interactions, enabling users to make informed energy decisions with ease. For installers, AI 3D modeling simplifies planning and design by identifying roof structures and installation environments. AI-powered diagnostics and remote support further enhance operation and maintenance efficiency.

Ultimate Safety: From Cell-Level Protection to End-to-End Safety

Safety is built into every layer of LUTERRA S2, from battery cells to system-level operations.

Each battery cell incorporates an independent protective isolation structure, supported by Huawei-developed safety components and localized non-propagation design to help contain thermal risks. An intelligent smoke-duct design enables directional pressure relief, smoke evacuation, and cooling, while continuous AC and DC terminal temperature detecting provides proactive detection and protection of critical connections.

LUTERRA S2 has been validated against relevant EU Battery Regulation requirements and complies with key international standards, including IEC 63027 AFCI. It has also undergone T?V Rheinland safety testing, including a cell thermal runaway test, a 20-minute fire test at 1,000C, and a 20% hydrogen explosion test, as well as UL 9540A validation.LUTERRA S2 has received the highest-level Safety Mark certification from T?V Rheinland, backed by the industry's first cell-level thermal insulation design, safety venting design, and full-link terminal over-temperature protection.

Leading the Future of Residential Energy Systems

More than an energy storage system, LUTERRA S2 connects intelligent technology, enhanced quality of life, and sustainable living. Huawei is setting a new benchmark for next-generation residential energy and accelerating the transition toward a smarter, more sustainable future.

More information is available at https://solar.huawei.com/en/products/luterra-s2-xl-xm/

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

Hashtags: #Huawei

Source: HGC Global Communications

HONG KONG SAR - Media OutReach Newswire - 11 November 2026 - HGC Global Communications("HGC" or the "Group"), a Hong Kong-based digital infrastructure, connectivity and ICT solutions provider with international reach, today announced the appointment of Dr Frederic Schepens (Fred) as Chief Executive Officer, effective 1 November 2026.

Fred succeeds Andrew Kwok, who has decided that the time is right to begin the next chapter of his career outside the Group and will support a smooth handover to ensure continuity.

Fred will lead HGC's next phase of growth, overseeing the Group's strategy and operations across its enterprise, consumer, carrier and international businesses. With Hong Kong as its home market, HGC will continue to serve local households and businesses while strengthening the city's role as an international digital hub connecting Asia and the world.

Fred is a seasoned telecoms leader with 30 years of international experience across Europe, Asia, the Middle East and Africa. He founded and led Bayobab, MTN Group's open-access digital infrastructure business. He previously held senior carrier leadership roles at Vodafone and BICS.

Darrin Webb, Executive Vice Chairman of HGC, said, "Fred has built and grown digital infrastructure businesses and knows how to work with customers and partners across markets. That experience is a strong fit for HGC as we expand our businesses and deepen our partnerships in Hong Kong, across Asia and beyond. We are delighted to welcome Fred as CEO. I also want to thank Andrew for his leadership and for the trust he and the team have earned over the years."

Andrew Kwok said, "Leading HGC has been a true privilege. Through years of rapid industry change and challenging market conditions, our talented and dedicated team has shown remarkable resilience, and HGC has evolved and grown stronger as a result. I am deeply grateful to our colleagues, customers and partners for their trust and support. I look forward to continuing to contribute to the industry in a new capacity. Fred brings exceptional international experience across networks, carrier services and digital infrastructure, and I am confident he will lead HGC to even greater success."

Dr Frederic Schepens, Chief Executive Officer of HGC, said, "I am proud to join HGC and build on the expertise of our people and the trust of our customers. My focus is clear: to strengthen our core businesses and bring our connectivity, digital infrastructure and ICT capabilities closer together to help customers operate securely and adopt AI with confidence. We will be ambitious in our thinking and disciplined in our execution. I look forward to working closely with our people, customers and partners to turn these priorities into practical results."

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a Hong Kong and international telecommunications operator and ICT solutions provider. The company owns extensive network infrastructure in Hong Kong and overseas, with 19 global offices and a staff presence in 33 cities worldwide. HGC provides telecommunications infrastructure services to other operators, as well as connectivity, ICT solutions and broadband services to enterprises, SMEs and households in local and international markets. HGC owns and operates an extensive fibre-optic network and five cross-border telecommunications routes integrated with tier-one operators in Chinese Mainland, and connects with hundreds of international telecommunications operators.

The company continues to invest in its infrastructure, technologies and services. In 2019, HGC Group acquired Macroview Telecom Limited (Macroview), a digital technology solutions and managed services provider, strengthening the Group's ICT and digital services capabilities. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focused on energy, utilities, transport, social infrastructure, digital infrastructure and environmental infrastructure in North America, Europe, Latin America and Asia.

To learn more, please visit HGC's website at: www.hgc.com.hk

LinkedIn: Linkedin.com/company/hgc-global-communications/

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

Hashtags: #HGC

https://www.hgc.com.hk/

https://hk.linkedin.com/company/hgc-global-communications/

Source: SCG

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 11 November 2026 - SCG outlined its ASEAN industrial competitiveness vision in the "Climbing Up the Value Chain" session at Fortune Southeast Asia 500 Summit 2026.

Thammasak Sethaudom, President and CEO of SCG, called for "a shift from volume-driven growth to value creation through innovation, technology, and productivity improvements." He emphasized AI & Robotics to enhance efficiency and create business opportunities, workforce development, sustainable business under Inclusive Green Growth and supply-chain collaboration among governments, businesses, partners and small and medium-sized enterprises (SMEs), connecting national strengths and helping SMEs access innovation.

For 9M/2026, Adjusted Cash EBITDA reached 57,357 MB, up 19% year on year and exceeding full-year 2025's 55,012 MB. Reported Profit was 20,143 MB. Restructuring, cost management and efficient capital allocation supported these results amid global volatility.

Expecting petrochemical recovery from two-year lows, SCG Chemicals (SCGC) is pursuing four initiatives: 1) managing production, sourcing feedstock and aligning product allocation with customer needs and target market demand amid uncertainty over Middle East conflict, while increasing the share of High Value-Added Products (HVA); 2) accelerating the ethane feedstock enhancement project at Vietnam's Long Son Petrochemicals (LSP) complex, expected to save more than US$250 million annually, with operations expected to resume in Q2/2027 ahead of schedule; 3) managing its investment portfolio through the completed sale of a 14.86% stake in Indonesia's PT Chandra Asri Pacific Tbk. to reduce financial burdens and fund strategic investments; and 4) bringing together the strengths of SCGC's and GC's olefins and polyolefins businesses in Thailand to strengthen the Thai petrochemical industry's global competitiveness. Other initiatives include expanding Low Carbon Cement across ASEAN, a platform serving building materials markets, and ASEAN consumer packaging expansion.

Kulachet Dharachandra, President and Country Director - Vietnam, joined the Ho Chi Minh City Investment Cooperation Forum's "Dialogue between City Leaders and Investors" on "Investment Needs and Potential for Cooperation." He emphasized economic growth, environmental stewardship, resource efficiency and workforce development to strengthen existing investors' confidence, attract investment and grow with Vietnamese businesses.

SCG also received an award recognizing its No. 22 ranking in the 2026 Fortune Southeast Asia 500, marking its third consecutive year on the list. SCG's participation in forums reflects its commitment to building long-term partnerships with businesses across ASEAN and creating lasting shared value.

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

Hashtags: #SCG