Providing high-fidelity, live mission training capabilities for advanced weapons and tactics training
SAN DIEGO, CALIFORNIA / ACCESS Newswire / August 14, 2025 / Cubic Defense, the world’s leading provider of advanced air combat training, announces the IDIQ contract award by the USAF for activities relating to the procurement, integration, deployment and sustainment of the entire P5 Combat Training Systems (P5CTS) inventory.
“Our P5CTS is designed to provide users with live mission training capabilities for advanced weapons and tactics training,” stated Russ Marsh, President, Cubic Defense. “The system features real-time air-to-air and air-to-ground weapons simulations and live monitoring capabilities. With the recent addition of the P5 Security Subsystem Upgrade (P5 SSU) to enable fully interoperable encrypted Time Space Position Information with Coalition 5th Generation aircraft, Cubic and its partners are continuing to invest and deliver upgrades to the P5 CTS infrastructure to preserve customer investments in authentic training.”
Cubic, along with its principal subcontractor, Leonardo DRS, will be supporting all contractor activities relating to the procurement, integration, deployment, and sustainment. The P5CTS improves U.S. and coalition training used by the USAF, US Marine Corps, US Navy and coalition partners. The system permits the user to continuously relay time, space, position information (TSPI) of the aircraft during training exercises, allowing the warfighter to train as they fight on a common platform with coalition partners.
About Cubic
Cubic creates and delivers technology solutions in transportation that make people’s lives easier by simplifying their daily journeys, and defense capabilities that help promote mission success and safety for those who serve their nation. Led by our talented teams around the world, Cubic is driven to solve global challenges through innovation and service to our customers and partners.
Part of Cubic’s portfolio of businesses, Cubic Defense provides networked Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) products and services and is a leading provider of live, virtual, constructive, and game-based training solutions for both U.S. and Allied Forces. These mission-inspired capabilities enable assured multi-domain access; converged digital intelligence; and superior readiness for defense, intelligence, security and commercial missions. For more information, visit: Cubic Defense.
Comparable clinic revenues increase 5.7% vs prior year period
Net losses decrease 10% vs. prior year period
VIRGINIA BEACH, VA / ACCESS Newswire / August 14, 2025 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today reported financial results for the second quarter ended June 30, 2025.
Second Quarter 2025 Financial Highlights Compared to Prior Periods
Total revenue of approximately $4.3 million, a sequential increase of 20% from Q1 2025 and a decrease of 2% from the prior year period. The decrease in revenue is attributed to the exclusion of the Hawaii clinic (KVC) from 2025 results
Services revenue of approximately $3.2 million, a sequential increase of 17% from Q1 2025 and a decrease of 1% from the prior year period
Product revenue of $1.1 million, a sequential increase of 21% from Q1 2025 and a decrease of 7% from the prior year period
Comparable clinic revenues increased 5.7% from the prior year period
Total operating expenses of $6.2 million, an increase of 5% from the prior year period
Net loss of $3.0 million, a decrease of $0.4 million from the prior year period
Entered an exclusive, non-binding Letter of Intent to acquire 100% ownership interest in one animal hospital located in New Jersey. Once completed, the acquisition could potentially add up to approximately $2.0 million in (unaudited) revenue
Entered into a securities purchase agreement for the issuance and sale of securities for up to $10M under a new convertible preferred stock transaction. The consideration, consisting of a combination of cash and transferred securities, was valued at $1.00 per share
Announced the launch of a company-wide incentive and recognition program, which provides vital new engagement tools and offers new avenues to wealth for all employees across their clinic network
Integrated a new artificial intelligence (AI) platform in partnership with leading software provider Covetrus into the Company’s medical software. The Company believes this is the only AI platform being offered among publicly traded veterinary clinic networks
Acquired 100% ownership interest in one animal hospital located in central Florida (DeBary). The acquisition is expected to add up to approximately $1.8 million in (unaudited) revenue, and brings the Company’s Florida holdings up to 5 clinics
For the second quarter of 2025, total revenue was approximately $4.3 million, a decrease of 2% from the prior year period but an increase of 20% from Q1 2025. Comparable clinic revenues increased 5.7% from the prior year period.
Second Quarter 2025 Operational Highlights
Entered an exclusive, non-binding Letter of Intent to acquire 100% ownership interest in one animal hospital located in New Jersey. Once completed, the acquisition could potentially add up to approximately $2.0 million in (unaudited) revenue
Entered into a securities purchase agreement for the issuance and sale of securities for up to $10M under a new convertible preferred stock transaction. The consideration, consisting of a combination of cash and transferred securities, was valued at $1.00 per share
Announced the launch of a company-wide incentive and recognition program, which provides vital new engagement tools and offers new avenues to wealth for all employees across their clinic network
Integrated a new artificial intelligence (AI) platform in partnership with leading software provider Covetrus into the Company’s medical software. The Company believes this is the only AI platform being offered among publicly traded veterinary clinic networks
Acquired 100% ownership interest in one animal hospital located in central Florida (DeBary). The acquisition is expected to add up to approximately $1.8 million in (unaudited) revenue, and brings the Company’s Florida holdings up to 5 clinics
Executive Commentary
“During the second quarter of 2025, we started to see the rewards of our new initiatives, processes, and hard work over the past 18 months with sequential revenue growth of 20% and year over year organic growth of 5.7%.,” said Kimball Carr, Inspire ‘s Chairman, President and Chief Executive Officer. “We also grew our portfolio of clinics to 14 with the recently announced acquisition in Florida while significantly improving our liquidity and capital structure with the recently announced preferred stock transaction. I believe this quarter will mark the turning point for our business model and that our top line growth will accelerate going forward.
Second Quarter 2025 Financial Overview
All comparisons are made relative to the same period in 2024 unless otherwise stated.
For the second quarter of 2025, total revenue was approximately $4.3 million, a decrease of 2% from the prior year period but an increase of 20% from Q1 2025. Comparable clinic revenues increased 5.7% from the prior year period.
Service revenue for the second quarter of 2025 decreased $25,000 or 1%, to $3.2 million. The decrease in service revenue is mainly attributed to the exclusion of KVC from 2025 results and reduced practitioner capacity. These decreases were partially offset by the acquisition of the DeBary animal clinic during Q2 2025.
Product revenue for the second quarter 2025 decreased $82,000, or 7%, to $1.1 million. The overall decrease was a result of customers purchasing less products per visit and the exclusion of KVC from 2025 results partially offset by the acquisition of the DeBary animal clinic during Q2 2025.
Total operating expenses increased $285,000 or 5%. The increase is primarily due to increased costs of consulting agreements relating to customer outreach and public company costs.
Net loss for the first quarter of 2025 decreased $352,000, or 10%, to $3.0 million. The decline in net loss is primarily attributable to the reduction of interest expense and the exclusion of the operating expenses associated with KVC.
Balance Sheet
As of June 30, 2025, the Company had cash and cash equivalents of approximately $0.2 million.
About Inspire Veterinary Partners, Inc.
Inspire Veterinary Partners is an owner and provider of pet health care services throughout the US. As the Company expands, it expects to acquire additional veterinary hospitals, including general practice, mixed animal facilities, and critical and emergency care.
This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding management’s expectations of future financial and operational performance and expected growth and business outlook. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” or words of similar meaning. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks associated with our limited operating history and history of losses; our ability to continue operating as a going concern; our ability to raise additional capital; our ability to complete additional acquisitions; our ability to recruit and retain skilled veterinarians; our ability to retain existing customers and add new customers; the continued growth of the market in which we operate; our ability to manage our growth effectively over the long-term to maintain our high level of service; the price volatility of our Class A common stock; our ability to continue to have our Class A common stock listed on the Nasdaq Stock Market; the impact of geopolitical conflicts, inflation, and macroeconomic instability on our business, the broader economy, and our ability to forecast our future financial performance; and other risks set forth under the caption “Risk Factors” in our SEC filings. We assume no obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.
Exclusive Letter of Intent for West Coast distribution of Nimbus Boats USA
Expands Nautical Ventures’ lineup with premium Scandinavian‑designed models
Strategic step to broaden Vision Marine’s portfolio after acquiring Nautical Ventures
Enhances choice and experience for boaters in Florida’s top market
FORT LAUDERDALE, FL / ACCESS Newswire / August 14, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (“Vision Marine” or the “Company”), a leader in premium on‑water experiences and the owner of Florida‑based dealership network Nautical Ventures, today announced that Nautical Ventures has entered into a Letter of Intent with Nimbus Boats USA to exclusively distribute Nimbus powerboats on Florida’s West Coast.
Nimbus’s Tender, Commuter, Weekender and Coupe series are recognized worldwide for their Scandinavian design, versatile layouts and meticulous construction. With more than seventy years of heritage, Nimbus is one of the respected powerboat builders in Europe and North America, and the largest Scandinavian boat builders by volume. Upon entering into definitive agreements, which the parties expect to conclude by March 31, 2026, Nautical Ventures would be authorized to promote, sell and service these models in Florida’s West Coast region beginning August 1, 2025.
“Adding Nimbus to our lineup will be a strategic move to broaden our product portfolio and serve customers who are seeking premium day‑cruiser and weekender boats,” said Alexandre Mongeon, Co‑Founder and Chief Executive Officer of Vision Marine. “Our vision is to curate the best selection of boats on the market and deliver an elevated on‑water experience. This partnership will expand our reach in Florida, leverage the sales and service capabilities of Nautical Ventures and align with our plan to build a diversified portfolio that addresses high‑margin segments. We believe it will position us to capitalize on strong consumer demand and favourable market trends, while continuing to support and grow our existing brand relationships.”
Industry data underpins the commercial rationale for the partnership. Boating and fishing contribute roughly $1.2 trillion to the U.S. outdoor recreation economy and support more than 812,000 jobs [1]. Florida is the largest market for new powerboats, engines and accessories, generating $6.4 billion in sales in 2023, a 3.1 percent increase over the prior year [2]. The National Marine Manufacturers Association projects that new powerboat sales will rebound in 2025, with total boating expenditures expected to rise 3-5 percent above 2024’s record levels [3]. Adventure‑style boats-versatile models designed for day trips, water sports and island hopping-are among the fastest‑growing categories in recreational boating, and Nimbus’s Tender, Commuter, Weekender and Coupe series are squarely in this segment. These trends suggest a sizable and resilient addressable market for high‑quality day boats and weekenders [4].
The Nimbus partnership is one of several initiatives Vision Marine is pursuing as it structures and expands its brand portfolio under new leadership. In June 2025, the Company acquired Nautical Ventures, a Florida‑based recreational boat dealership, marina and service provider widely recognized as one of the top networks in the United States and the number‑one Axopar dealership worldwide. Nautical Ventures operates nine high‑volume retail locations across Florida and distributes a diverse range of premium brands- including Axopar, Beneteau, Brabus, Edgewater, Highfield, NorthStar, Smokercraft, Wellcraft -serving customers from pontoons to luxury yacht owners. The acquisition created North America’s first electric boat propulsion and multi‑brand retail company, combining Vision Marine’s high‑voltage E‑Motion™ powertrain and electric boats with Nautical Ventures’ established sales and service infrastructure. Integrating Nimbus into this platform is part of a broader strategy to offer consumers the best products across propulsion types while supporting long‑term growth for all brands in the Nautical Ventures family.
About Vision Marine
Vision Marine Technologies Inc. (NASDAQ:VMAR) is a leader in high‑performance electric propulsion systems and premium boating experiences. The Company’s proprietary E‑Motion™ 180 horsepower electric outboard is the first high‑voltage system purpose‑built for the marine industry. In June 2025 Vision Marine acquired Nautical Ventures, creating North America’s first electric propulsion and multi‑brand boat retail company. The combined entity operates nine retail locations across Florida and distributes a wide range of prestigious boating brands. By uniting advanced technology with established sales and service infrastructure, Vision Marine aims to accelerate adoption of cleaner, high‑performance boating and provide consumers with an unmatched on‑water experience.
About Nimbus Boats USA
Nimbus Boats USA is the American arm of Nimbus Group, a global leader in the design and manufacture of luxury powerboats. With more than seventy years of heritage, Nimbus has earned a reputation for quality, safety, and innovation, and is the largest Scandinavian boat builder by volume. Its award-winning Tender, Commuter, Weekender, and Coupe series are sold through an extensive international dealer network spanning more than fifty countries. [5].
[5] Nimbus Boats USA information derived from company disclosures and publicly available sources, including Nimbus Group corporate materials.
Forward‑Looking Statement
Certain statements in this press release may constitute “forward‑looking statements” within the meaning of U.S. federal securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Forward‑looking statements include, among others, statements regarding the expected terms and timing of the definitive distribution agreement with Nimbus Boats USA, anticipated benefits of the partnership, projected market opportunities and Vision Marine’s strategic outlook. Factors that could affect actual results are detailed in the “Risk Factors” section of Vision Marine’s filings with the U.S. Securities and Exchange Commission. Vision Marine undertakes no obligation to update or revise any forward‑looking statements, except as required by law.
Investor and Company Contact: Bruce Nurse Investor Relations (303) 919‑2913 bn@v‑mti.com
WATERLOO, ON / ACCESS Newswire / August 14, 2025 / CryoDragon Inc., a boutique creative studio based in Kitchener-Waterloo, has won the 2026 Consumer Choice Award in the Web Design category for the Waterloo Region. Known for delivering personalized, scientifically-informed digital solutions, the award highlights CryoDragon’s commitment to crafting responsive, accessible websites and robust branding packages that help clients across Canada stand out.
Since launching in 2015, CryoDragon has built a reputation for offering full-service web design, e-commerce development, AODA-compliant accessibility solutions, SEO optimization, and comprehensive branding support – from logo design to photography and scientific illustration. Their services are delivered entirely in-house by Craig Christoff and Brenda Lee, a husband-and-wife team that uses a wealth of knowledge and expertise from their experiences to ensure clients receive expert oversight and a consistent creative vision.
Custom Websites Tailored to Real Needs
CryoDragon designs and develops websites tailored to client goals – ranging from lead generation and brand storytelling to e-commerce sales and membership portals. Each project includes consultation, user-experience design, coding, content strategy, hosting, and maintenance. The studio’s hands-on, data-driven process helps businesses improve site traffic, engagement, and conversions.
“We don’t outsource anything,” says Craig. “Everything stays under our roof, ensuring quality, seamless communication, and no hidden costs.”
SEO, Accessibility & Ongoing Support
CryoDragon offers AODA-compliant website design, incorporating accessibility (WCAG 2.0 A-AAA), SEO enhancements, content planning, and post-launch monitoring. Their long-term hosting and maintenance packages include analytics reporting and timely updates to keep sites secure and optimized.
A Branding & Design Partner Across Industries
Beyond web work, CryoDragon provides cohesive branding solutions – logo creation, corporate print design, photography, videography, and scientific illustrations. Their clients range from local startups and nonprofits to national consultants, research institutions, and corporate enterprises.
Regional Reach, National Impact
While based in Kitchener-Waterloo, CryoDragon has completed projects throughout Southwestern Ontario (Guelph, Cambridge, Hamilton) and across Canada – from Vancouver to Halifax. Their client roster includes the Biophysical Society of Canada, StrongPoint Automation, and HP Gas MRI Lab.
Clients praise their responsive communication, attention to detail, and professionalism:
“CryoDragon is a rare company… informative, highly responsive, incredibly patient and charitable… we gained a partner.” – Argus
“Prompt and professional… delivered on time… outstanding work and commitment.” – Biophysical Society of Canada
Trusted & Accredited Studio
CryoDragon is accredited by the Better Business Bureau with an A+ rating, reflecting its commitment to trust and transparency. Their Consumer Choice Award win further validates their excellence in client satisfaction, service quality, and local reputation – selected through an independent research process that includes customer surveys and brand reputation analysis. Their small-team approach makes them flexible, affordable, and deeply invested in each client’s success.
Commitment That Fuels Creativity
This award reflects CryoDragon’s dedication to delivering creative excellence, scientific rigor, and client-focused service. Their responsive design, accessible builds, and brand strategy help businesses thrive online, while their honest pricing and strong communication build lasting relationships.
“We view every project as a partnership,” says Brenda Lee. “We bring creativity, technical skill – and genuine care – to help your brand stand out.”
To learn more about CryoDragon’s award-winning digital and branding services, visit cryodragon.ca or explore their CCA Profile.
About CryoDragon Inc. Founded in 2015, CryoDragon is a full-service creative studio based in Kitchener-Waterloo, with services across Southwestern Ontario and Canada. The in-house team offers website design and development, e-commerce, SEO, AODA-compliant accessibility, branding, graphic design, photography, videography, and scientific illustration – all driven by data and creative thinking. Accredited by the BBB with an A+ rating.
About Consumer Choice Award: Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.
CAMBRIDGE, ON / ACCESS Newswire / August 14, 2025 / Straight Street Event Services is proud to announce its selection as the 2026 Consumer Choice Award Winner for Audio Visual Services in Waterloo Region. This recognition reflects the trust placed in the company by local clients and partners, and highlights Straight Street’s ongoing commitment to delivering exceptional live event production – made easy.
Locally owned and operated, Straight Street specializes in full-service audiovisual support for live events of all shapes and sizes, combining over 30 years of technical expertise with a hands-on, customer-first approach that keeps clients coming back.
Built on Trust. Backed by Experience. Focused on You.
From one-night-only performances to corporate event, ice shows, fundraisers, and festivals, Straight Street brings every event to life with confidence, clarity, and calm. Their approach is simple: open communication, transparent budgets, and no unnecessary upselling – just reliable service from a team that knows what they’re doing.
“Winning the Consumer Choice Award is incredibly meaningful to us because it’s a reflection of our community’s confidence in what we do,” said Keith Kissner, Owner of Straight Street Event Services. “Our team works hard to make every client feel heard, every show be seamless, and every challenge feel easy. This award is a shared celebration of that philosophy.”
Technical Expertise. Personal Touch.
Straight Street provides complete audiovisual production, whether you’re hosting a meeting for ten or a gala for hundreds, or an outdoor event for thousands. Services include:
Audio – Crystal-clear sound for speeches, music, and full productions
Video – Projection, multi-camera live streaming, playback, and recording
Lighting – From theatrical stage design to atmospheric event lighting
AV Rentals – Fully supported gear packages for every venue and budget
On-Site Support – Professional, proactive techs that keep your event running smoothly
Each solution is customized – not pulled off the shelf. Clients appreciate Straight Street’s dedication to making the process as smooth as the final show.
More Than Just Tech
What sets Straight Street apart isn’t just their gear – it’s their grounded, human approach. Clients receive honest advice, detailed planning, and on-site execution that makes everyone involved feel at ease.
That’s why event planners, producers, venues, schools, and municipalities and organizations across the region continue to trust Straight Street, year after year.
Proudly Serving Waterloo Region and Beyond
Located in Cambridge with work that stretches throughout Southern Ontario, Straight Street remains committed to supporting the communities it serves while delivering professional AV services that feel easy – and make a big impact.
Looking Ahead
As live events continue to evolve, Straight Street is investing in next-generation technologies for virtual and hybrid productions, expanding its equipment lineup, and mentoring the next wave of AV talent – all while staying grounded in the same values that have defined the company since day one.
Because at Straight Street, we don’t just produce shows – we make the process easy, the experience memorable, and the results something to be proud of.
To learn more about Straight Street Event Services or to request a quote, visit www.straightst.com.
About Consumer Choice Award: Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.
HALIFAX, NS / ACCESS Newswire / August 14, 2025 / Choice Health Centre, a leader in collaborative healthcare in Halifax, has been selected as a 2025 Consumer Choice Award recipient in the category of Health & Wellness for the Halifax Greater Region. This recognition reflects the company’s ongoing commitment to delivering the highest quality collaborative, patient-directed care that supports long-term health and wellness.
Collaborative, Integrated Health Care in Halifax
At the core of the Centre’s model is a team of carefully selected healthcare professionals providing services such as Physiotherapy, Chiropractic Care, Massage Therapy, TCM Acupuncture, Osteopathic Manual Therapy and Naturopathic Medicine.
By offering a range of services under one roof, Choice Health Centre creates a seamless, integrated experience that allows patients to access individualized care plans that reflect their goals, health concerns, and lifestyle.
“We believe healthcare should be tailored, empowering, and rooted in education,” says Dr. Kempt-Sutherland, Founder of Choice Health Centre and Centre Director. “That’s why we’ve built a team of professionals who can guide patients through every stage of their wellness journey.”
Supporting Informed, Proactive Health Decisions
Choice Health Centre’s approach is grounded in education and empowerment. Patients are equipped with the information and tools they need to make confident decisions about their care-whether they’re recovering from injury, managing chronic conditions, or simply striving for a healthier way of life.
“We want everyone who walks through our doors to feel informed, supported, and inspired to take an active role in their care,” adds Dr. Kempt-Sutherland. “When patients are engaged and confident, real transformation is possible.”
Improving Community Wellness Across Nova Scotia
Beyond individual care plans, the clinic is dedicated to helping their communities thrive by getting involved in community initiatives, advocating for patients and providing inclusive, accessible care to people of all ages and lifestyles. Serving everyone from families and seniors to athletes and professionals, Choice Health Centre has become a trusted destination for high quality collaborative health and wellness services in Halifax.
Recognition Backed by Independent Research
The Consumer Choice Award is the only organization in North America that recognizes business excellence through a four-step, independent research process. Conducted by a third-party research firm, this methodology involves gathering unbiased consumer feedback, analyzing brand reputation, and verifying top-ranked service providers in each local category.
“This recognition reflects the relationships we’ve built with our patients and the shared commitment we have to helping our communities thrive,” says Dr. Kempt-Sutherland. “We’re proud to be part of a growing movement toward collaborative, person-centered care.”
About Consumer Choice Award: Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.
The Wedding Planner Hong Kong has announced the reinforcement of its corporate event planning services, reflecting the firm’s long-term strategy to support businesses with comprehensive, professionally managed event solutions. The announcement comes amid a wider shift in the regional business environment, where in-person and hybrid events are once again becoming central to internal communications, brand outreach, and stakeholder engagement.
Operating from its established base in Central Hong Kong, The Wedding Planner Hong Kong has continued to build out its corporate planning infrastructure, enabling the company to deliver strategic event management across a range of functions including leadership offsites, client dinners, product launches, brand activations, and company-wide milestone celebrations. The initiative is supported by new internal project management tools, expanded vendor networks, and updated frameworks for stakeholder collaboration.
Corporate event planning within the company is treated as a distinct service vertical, separate from its private and social event offerings. While leveraging overlapping operational systems and creative resources, the corporate segment is structured to align closely with business objectives, communication goals, and brand identity requirements. Each engagement begins with a structured briefing and scope development session to identify the specific outcomes the client intends to achieve through the event.
Clients in industries such as financial services, technology, fashion, hospitality, education, and property development have already worked with the company on a variety of engagements, ranging from small executive workshops to multi-day conferences and brand-focused media events. These events are designed with an emphasis on logistics precision, stakeholder alignment, and experience-driven interaction, recognizing the increasing importance of event strategy as a component of corporate communication.
The planning process includes detailed consultations to define the role of the event within the company’s larger narrative. This could involve aligning a product launch with a marketing campaign, designing a client event to reflect brand values, or creating a staff celebration that supports internal culture goals. From this foundation, the company builds out the full scope of services, including venue sourcing, design development, programming, vendor coordination, staffing, and compliance documentation.
Venue selection remains a cornerstone of the service. The Wedding Planner Hong Kong works with a broad portfolio of venue partners throughout Hong Kong and the surrounding region, offering access to corporate-friendly environments such as hotels, galleries, industrial spaces, rooftops, and purpose-built convention sites. Venue suitability is evaluated based on capacity, functionality, accessibility, and technical infrastructure. For events requiring confidentiality or customization, off-market venues and private settings can be secured through the company’s partner network.
Creative direction is tailored to the tone and structure of each corporate event. While some engagements require only minimal visual styling, others demand full-scale brand integration through signage, stage design, digital media installations, and environmental graphics. The company collaborates with design and production partners to develop layouts, visual concepts, and digital elements that align with the client’s visual language, ensuring a coherent and purposeful presentation across all guest-facing elements.
Logistics is managed by dedicated teams who coordinate technical production, equipment rentals, permit acquisition, transportation, and venue readiness. Vendor sourcing is handled through a curated network that includes audio-visual teams, catering firms, signage producers, photographers, security staff, and on-site technicians. Vendors are selected based on their capacity to operate within time-sensitive environments and meet detailed corporate compliance requirements.
The Wedding Planner Hong Kong also provides program development services for clients requiring assistance with scheduling, speaker coordination, emcee briefing, and guest facilitation. Events with international or multilingual audiences can include interpretation services, bilingual documentation, and cross-cultural consultation during the planning phase. Hybrid and live-streamed formats are supported with the assistance of technical specialists experienced in virtual production and real-time audience interaction.
An area of focus for the company’s corporate event planning division is guest experience management. This includes pre-event communication, digital registration systems, seating arrangements, name badge production, dietary tracking, and post-event feedback. For premium events, VIP arrival coordination, hospitality services, and concierge support are also available. Data security protocols and access control measures are implemented for events involving confidential information or sensitive discussions.
On the day of execution, a live operations team is deployed to manage set-up, event flow, and vendor performance. The team operates from a master schedule with detailed run sheets, contingency plans, and escalation protocols in place. The objective is to maintain a seamless guest experience while managing the logistical requirements and timing with precision. Where required, post-event dismantling and venue restoration are also coordinated as part of the full-service scope.
For companies seeking performance measurement, the post-event reporting service provides documentation of attendance, guest feedback summaries, media impressions, and internal evaluation metrics. This reporting can support future planning, budget forecasting, and internal communication around the event’s success and learning outcomes.
Sustainability has also been increasingly integrated into the company’s corporate event planning methodology. Initiatives include reducing plastic use, sourcing local and seasonal menu items, providing reusable décor materials, and offsetting carbon emissions through local environmental programs. These practices are designed to align with clients’ corporate social responsibility goals and demonstrate accountability in public-facing initiatives.
As part of its operational enhancements, The Wedding Planner Hong Kong has invested in updated project management systems that allow clients to receive real-time updates, budget tracking, and documentation access through secure digital portals. These tools are especially relevant for large-scale or multi-phase events that involve multiple departments or regional stakeholders. Internal protocols have also been revised to allow for clearer communication, faster approvals, and version-controlled documentation.
The company reports an increase in demand for corporate event planning that focuses not only on execution but also on strategy and creative alignment. This reflects a broader shift in the Hong Kong and Asia-Pacific markets, where businesses are viewing events as strategic tools for reputation building, internal engagement, and partner outreach. The Wedding Planner Hong Kong has positioned its service model to accommodate this shift with a balance of creativity, structure, and discretion.
Through this expanded commitment to corporate event planning, The Wedding Planner Hong Kong continues to develop as a multidisciplinary event planning firm. With expertise across both private and corporate domains, the company remains focused on delivering events that are operationally sound, brand-consistent, and experience-driven.
JACKSONVILLE, FL / ACCESS Newswire / August 13, 2025 / GEE Group Inc. (NYSE American:JOB) together with its subsidiaries (collectively referred to as the “Company,” “GEE Group,” “our” or “we”), a provider of professional staffing services and human resource solutions, today announced consolidated results for the fiscal 2025 third quarter and year to date periods ended June 30, 2025. The Company’s contract and placement services are currently provided under its Professional Staffing Services operating division or segment. The operations and substantially all the assets of the Company’s former Industrial Staffing Services segment were sold during the quarter and are characterized as discontinued operations as of June 30, 2025 and excluded from the results of continuing operations reported below, unless otherwise stated. All amounts presented herein are consolidated or derived from consolidated amounts, and are rounded and represent approximations, accordingly.
Fiscal 2025 Third Quarter and YTD Continuing Operations Highlights
Consolidated revenues for the three and nine-month periods ended June 30, 2025 were $24.5 million and $73.0 million, down 9% and 10%, respectively, over the comparable fiscal 2024 periods. The decrease in consolidated revenues was mainly attributable to ongoing volatile macroeconomic conditions and weakness in the overall labor market. These and other factors, including high interest rates and unsettled trade policy, led to client caution in making capital investments and IT projects being put on hold contributing to a relatively subdued labor market which resulted in elongated hiring cycles. These challenges and, to a lesser extent, certain tasks being replaced by artificial intelligence (“AI”), contributed to fewer job orders and lower demand for GEE Group’s services.
Professional contract staffing services revenues for the three and nine-month periods ended June 30, 2025 were $21.3 million and $64.3 million, down 10% and 11%, respectively, compared with the same fiscal 2024 periods. These year-over-year declines were mainly due to a decrease in job orders and demand due to the above-mentioned conditions.
Direct hire placement revenues for the three and nine-month periods ended June 30, 2025 were $3.2 million and $8.7 million, near breakeven compared with the same fiscal 2024 periods.
Gross profits and gross margins were $8.7 million and 35.4%, and $25.0 million and 34.2%, for the three and nine-months periods ended June 30, 2025, respectively, compared to $9.2 million, and 34.1%, and $27.0 million, and 33.4%, respectively, for the comparable fiscal 2024 periods. The net increases in our gross margins are mainly attributable to the increase in the mix of direct hire placement revenues, which have 100% gross margin, relative to total revenue.
Selling, general and administrative expenses (“SG&A”) were lower for the three and nine-month periods ended June 30, 2025 at $9.0 million and $26.7 million, down 8% and 9%, respectively, compared with the same fiscal 2024 periods.
Losses from continuing operations for the three and nine-month periods ended June 30, 2025 were $(0.4) million, or $(0.00) per diluted share, and $(34.0) million, or $(0.31) per diluted share, as compared with losses from continuing operations of $(18.1) million, or $(0.17) per diluted share, and $(20.5) million, or $(0.19) per diluted share for the three and nine-month periods ended June 30, 2024. The net losses are primarily attributable to a continuation of the macroeconomic weakness and other factors as addressed above. The U.S. Staffing Industry, as a whole, has experienced declines in overall volume and financial performance. The net loss for the third quarter ended June 30, 2025 was lower relative to the comparable prior year and sequential quarters of fiscal 2025 due, in general, to operating cost reductions and other productivity improvement measures.
As a result of our Industrial Segment becoming a discontinued operation, the results of that segment have been reclassified to loss from discontinued operations in the Company’s unaudited condensed consolidated statements of operations. On June 2, 2025, the Company entered into an agreement to sell certain operating assets of our Industrial Segment and recorded a net gain on sale of $133 thousand after related expenses during the three-month period ended June 30, 2025. Loss from discontinued operations, including the net gain recorded upon sale, was $(22) thousand and $(193) thousand for the three and nine-month periods ended June 30, 2025, respectively, compared to losses of $(1.2) million and $(1.3) million, respectively, for the comparable fiscal 2024 periods.
Adjusted EBITDA (a non-GAAP financial measure) which improved for the three and nine-month periods ended June 30, 2025, was $(25) thousand and $(918) thousand, respectively, as compared with $(329) thousand and $(1.0) million for the comparable fiscal 2024 periods. Reconciliations of net loss from continuing operations to non-GAAP adjusted EBITDA are attached hereto.
Free cash flow (a non-GAAP financial measure), including cash flows from discontinued operations, for the nine months ended June 30, 2025 was negative $(1.9) million as compared with negative $(1.2) million for the comparable fiscal 2024 period. Reconciliations of cash flow from operating activities to non-GAAP free cash flow are attached hereto.
As of June 30, 2025, cash balances were $18.6 million, borrowing availability under GEE Group’s bank ABL credit facility was $6.6 million, which remains undrawn, and net working capital was $24.1 million. Our current ratio was 4.2, shareholders’ equity was $50.4 million, and our long-term debt was zero.
Net book value per share and net tangible book value per share were $0.46 and $0.23, respectively, as of June 30, 2025.
On January 3, 2025, the Company acquired Hornet Staffing, Inc. Hornet provides staffing solutions to markets serving large scale, “blue chip” companies in the information technology, professional and customer service staffing verticals. The Company expects the Hornet acquisition to enhance its ability to compete more effectively and anticipate it helping to secure new business from Fortune 1000 and other large users of contingent and outsourced labor. Hornet’s workforce solutions include significant expertise in working with managed service providers (“MSP”) and vendor management systems (“VMS”) utilizing a highly efficient offshore recruiting team to fill job orders.
GEE Group Inc. will hold an investor webcast/conference call on Thursday, August 14, 2025 at 11a.m. EDT to review and discuss the fiscal 2025 third quarter and YTD results. The Company’s prepared remarks will be posted on its website www.geegroup.com prior to the call.
Investor Conference Call/Webcast Information:
The investor conference call will be webcast, and you should pre-register in advance for the event to view and/or listen via the internet by clicking on the link below to join the conference call/webcast from your laptop, tablet or mobile device. Audio will stream through your selected device, so be sure to have headphones or your volume turned up. Questions can be submitted via email after the prepared remarks are delivered with management responding real time. A full replay of the investor conference call/webcast will be available at the same link shortly after the conclusion of the live event.
A confirmatory email will be sent to each registrant to acknowledge a successful registration.
Management Comments
Derek E. Dewan, Chairman and Chief Executive Officer of GEE Group, commented, “The Company delivered a resilient quarter and continues to adjust its business plan including targeting new revenue generating opportunities, aggressively implementing “AI” tools to maximize efficiency and accelerating the reduction of recurring expenses in a challenging and uncertain macroeconomic environment. The use of contingent labor and volume of full-time hires has lessened in fiscal 2024 and the first half of fiscal 2025, but appears to have stabilized somewhat as businesses are beginning to initiate new projects which presumably will lead to more job orders and full-time and contingent labor placements. We also believe that AI is fast becoming a disruptor in the staffing industry. Therefore, GEE Group has implemented and incorporated “AI” in its strategic plan internally to enhance its recruiting and sales efforts, and to provide its clients with the necessary human resources to implement and support their use of AI to create increased efficiency and profitability.”
Mr. Dewan added, “Our demand environment for the remainder of 2025 is expected to be somewhat volatile but we anticipate that it will gradually improve and the Company plans to increase its market share irrespective of overall growth in the staffing industry with an aggressive AI assisted sales process, increased use of offshore recruiting to maximize fill rates more efficiently and provide clients with more value added services including human resources (“HR”) consulting, information technology (“IT”) statement of work (“SOW”) project capability, resource process outsourcing (“RPO”) and other higher-end service offerings. We are tightly managing costs and continually evaluating GEE’s expenses and expect to further streamline our business and significantly reduce costs. The Company has a strong balance sheet with a current ratio of 4.2 and substantial liquidity resources, both in cash and borrowing capacity. GEE Group’s dedicated, tenured employees and select new hires continue to provide outstanding customer service and remain committed to growing our business.”
Additional Information to Consider in Conjunction with the Press Release
The aforementioned Fiscal 2025 Third Quarter and YTD Highlights and Results should be read in conjunction with all of the financial and other information included in GEE Group’s most recent Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, as well as any applicable recent Current Reports on Forms 8-K and 8-K/A, Registration Statements and Amendments on Forms S-1 and S-3, and Information Statements on Schedules 14A and 14C, filed with the SEC. The discussion of financial results in this press release, and the information presented herein, include the use of non-GAAP financial measures. Schedules are attached hereto which reconcile the related financial items prescribed by accounting principles generally accepted in the United States (“GAAP” or “U.S. GAAP”) to the non-GAAP financial information. These non-GAAP financial measures are not a substitute for the comparable measures prescribed by GAAP as further discussed below in this press release. See “Use of Non-GAAP Financial Measures” and the reconciliations of Non-GAAP Financial Measures used in this press release with the Company’s corresponding financial measures presented in accordance with U.S. GAAP below.
Financial information provided in this press release also may consist of or refer to estimates, projected or pro forma financial information and certain assumptions that are considered forward looking statements, are predictive in nature and depend on future events, and any such predicted or projected financial or other results may not be realized nor are they guarantees of future performance. See “Forward-Looking Statements Safe Harbor” below which incorporates “Risk Factors” which may possibly have a negative effect on the Company’s business.
Use of Non-GAAP Financial Measures
The Company discloses certain non-GAAP financial measures in this press release, including adjusted net loss, EBITDA, adjusted EBITDA, and free cash flow. Management and the Board of Directors use and refer to these non-GAAP financial measures internally as a supplement to financial information presented in accordance with U.S. GAAP. Non-GAAP financial measures are used for purposes of evaluating operating performance, financial planning purposes, establishing operational and budgetary goals, compensation plans, analysis of debt service capacity, capital expenditure planning and determining working capital needs. The Company also believes that these non-GAAP financial measures are considered useful by investors.
Non-GAAP adjusted net loss is defined as net loss adjusted for non-cash stock compensation expenses, acquisition, integration, restructuring and other non-recurring expenses, capital market-related expenses, and gains or losses on extinguishment of debt or sale of assets. Non-GAAP EBITDA is defined as net loss before interest, taxes, depreciation and amortization. Non-GAAP adjusted EBITDA is defined as EBITDA, adjusted for the same items used to derive non-GAAP adjusted net loss. Non-GAAP free cash flow is defined as cash flows from operating activities, less capital expenditures.
Non-GAAP adjusted net loss, EBITDA, adjusted EBITDA, and free cash flow are not terms proscribed or defined by GAAP and, as a result, the Company’s measure of them may not be comparable to similarly titled measures used by other companies. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP financial measures discussed above should be considered in addition to, and not as substitutes for, nor as being superior to net loss reported in the consolidated statements of income, cash and cash flows reported in the consolidated statements of cash flows, or other measures of financial performance reflected in the Company’s consolidated financial statements prepared in accordance with U.S. GAAP included in Form 10-K and Form 10-Q for their respective periods filed with the SEC, which should be read and referred to in order to obtain a comprehensive and thorough understanding of the Company’s financial results. The reconciliations of net loss to non-GAAP adjusted net loss, net loss to non-GAAP EBITDA and non-GAAP adjusted EBITDA, and cash flows from operating activities to non-GAAP free cash flows referred to in the highlights or elsewhere in this press release are provided in the following schedules that also form a part of this press release.
Reconciliation of Net Loss from Continuing Operations to Non-GAAP EBITDA and Adjusted EBITDA Three Month Periods Ended June 30, (In thousands)
2025
2024
Net loss from continuing operations
$
(401
)
$
(18,105
)
Interest expense
112
113
Interest income
(140
)
(179
)
Income taxes
(115
)
(2,546
)
Depreciation
49
63
Amortization
225
720
Non-cash intangible assets impairment charges
–
5,209
Non-cash goodwill impairment charges
–
14,201
Non-GAAP EBITDA
(270
)
(524
)
Non-cash stock compensation
177
149
Severance agreements
17
33
Acquisition, integration & restructuring
51
13
Non-GAAP adjusted EBITDA
$
(25
)
$
(329
)
Reconciliation of Net Loss from Continuing Operations to Non-GAAP EBITDA and Adjusted EBITDA Nine Month Periods Ended June 30, (In thousands)
2025
2024
Net loss from continuing operations
$
(34,041
)
$
(20,541
)
Interest expense
267
247
Interest income
(434
)
(548
)
Income taxes
9,671
(3,461
)
Depreciation
154
201
Amortization
655
2,159
Non-cash intangible assets impairment charges
–
5,209
Non-cash goodwill impairment charges
22,000
14,201
Non-GAAP EBITDA
(1,728
)
(2,533
)
Non-cash stock compensation
418
459
Severance agreements
17
333
Acquisition, integration & restructuring
368
708
Other losses (gains)
7
5
Non-GAAP adjusted EBITDA
$
(918
)
$
(1,028
)
Reconciliation of Net Cash provided by (used in) Operating Activities to Non-GAAP Free Cash Flow Nine Month Periods Ended June 30, (In thousands)
2025
2024
Net cash provided by (used in) operating activities
$
(1,884
)
$
(1,117
)
Acquisition of property and equipment
(16
)
(58
)
Non-GAAP free cash flow
$
(1,900
)
$
(1,175
)
GEE GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (Amounts in thousands except per share data)
Three Months Ended June 30,
Nine Months Ended June 30,
2025
2024
2025
2024
NET REVENUES:
Contract staffing services
$
21,301
$
23,761
$
64,310
$
71,977
Direct hire placement services
3,222
3,287
8,733
8,797
NET REVENUES
24,523
27,048
73,043
80,774
Cost of contract services
15,842
17,819
48,076
53,816
GROSS PROFIT
8,681
9,229
24,967
26,958
Selling, general and administrative expenses
8,951
9,753
26,695
29,491
Depreciation expense
49
63
154
201
Amortization of intangible assets
225
720
655
2,159
Intangible assets impairment charges
–
5,209
–
5,209
Goodwill impairment charge
–
14,201
22,000
14,201
LOSS FROM OPERATIONS
(544
)
(20,717
)
(24,537
)
(24,303
)
Interest expense
(112
)
(113
)
(267
)
(247
)
Interest income
140
179
434
548
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAX PROVISION
(516
)
(20,651
)
(24,370
)
(24,002
)
Provision for income tax (expense) benefit attributable to continuing operations
115
2,546
(9,671
)
3,461
LOSS FROM CONTINUING OPERATIONS
(401
)
(18,105
)
(34,041
)
(20,541
)
Loss from discontinued operations, net of tax (Note 3)
(22
)
(1,181
)
(193
)
(1,308
)
CONSOLIDATED NET LOSS
$
(423
)
$
(19,286
)
$
(34,234
)
$
(21,849
)
WEIGHTED AVERAGE SHARES OUTSTANDING – BASIC AND DILUTED
109,413
108,772
109,413
109,150
BASIC AND DILUTED LOSS PER SHARE
From continuing operations
$
(0.00
)
$
(0.17
)
$
(0.31
)
$
(0.19
)
From discontinued operations
$
(0.00
)
$
(0.01
)
$
(0.00
)
$
(0.01
)
Consolidated net loss per share
$
(0.00
)
$
(0.18
)
$
(0.31
)
$
(0.20
)
GEE GROUP INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands)
June 30, 2025
September 30, 2024
ASSETS
CURRENT ASSETS:
Cash
$
18,622
$
20,735
Accounts receivable, less allowances ($117 and $144, respectively)
11,752
12,751
Prepaid expenses and other current assets
1,304
762
Current assets of discontinued operations
–
1,153
Total current assets
31,678
35,401
Property and equipment, net
401
546
Goodwill
24,762
46,008
Intangible assets, net
822
834
Deferred tax assets, net
–
9,495
Right-of-use assets
2,759
3,115
Other long-term assets
142
295
Noncurrent assets of discontinued operations
–
208
TOTAL ASSETS
$
60,564
$
95,902
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable
$
1,426
$
1,960
Accrued compensation
3,992
5,026
Current operating lease liabilities
1,050
1,090
Current portion of notes payable
196
–
Other current liabilities
902
899
Current liabilities of discontinued operations
–
347
Total current liabilities
7,566
9,322
Deferred taxes, net
329
–
Noncurrent operating lease liabilities
2,048
2,254
Notes payable
196
–
Other long-term liabilities
30
82
Noncurrent liabilities of discontinued operations
–
33
Total liabilities
10,169
11,691
SHAREHOLDERS’ EQUITY
Common stock, no par value; authorized – 200,000 shares; 114,900 shares issued
and 109,413 shares outstanding at June 30, 2025 and September 30, 2024
113,547
113,129
Accumulated deficit
(59,966
)
(25,732
)
Treasury stock; at cost – 5,487 shares at June 30, 2025 and September 30, 2024
(3,186
)
(3,186
)
Total shareholders’ equity
50,395
84,211
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
60,564
$
95,902
About GEE Group
GEE Group Inc. is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. The Company provides professional staffing services and solutions in information technology, engineering, finance and accounting specialties through the names of Access Data Consulting, Agile Resources, Omni-One, and Paladin Consulting. Also, in the healthcare sector, GEE Group, through its Scribe Solutions brand, staffs medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records (EMR). The Company provides contract and direct hire professional staffing services through the following SNI brands: Accounting Now®, SNI Technology®, Legal Now®, SNI Financial®, Staffing Now®, SNI Energy®, and SNI Certes. On January 3, 2025, the Company acquired Hornet Staffing, Inc., which is now part of its professional contract services offerings.
Forward-Looking Statements Safe Harbor
In addition to historical information, this press release contains statements relating to possible future events and/or the Company’s future results (including results of business operations, certain projections, future financial condition, pro forma financial information, and business trends and prospects) that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, (the “Exchange Act”), and the Private Securities Litigation Reform Act of 1995 and are subject to the “safe harbor” created by those sections. The statements made in this press release that are not historical facts are forward-looking statements that are predictive in nature and depend upon or refer to future events. These forward-looking statements include, without limitation, anticipated cash flow generation and expected shareholder benefits. Such forward-looking statements often contain, or are prefaced by, words such as “will”, “may,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “pro forma”, “estimates,” “aims,” “believes,” “hopes,” “potential,” “intends,” “suggests,” “appears,” “seeks,” or variations of such words or similar words and expressions of future tense. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and, consequently, as a result of a number of factors, the Company’s actual results could differ materially from those expressed or implied by such forward-looking statements. The international pandemic, the “Novel Coronavirus” (“COVID-19”), negatively impacted and disrupted the Company’s business operations and had a significant negative impact on the global economy and employment in general, resulting in, among other things, a lack of demand for the Company’s services. This was exacerbated by government and client directed “quarantines”, “remote working”, “shut-downs” and “social distancing”. Some of these outcomes or by-products of the pandemic have persisted in one form or another since and there is no assurance that conditions will ever fully return to their former pre-pandemic status quo. These and certain other factors that might cause the Company’s actual results to differ materially from those in the forward-looking statements include, without limitation: (i) the loss, default or bankruptcy of one or more customers; (ii) changes in general, regional, national or international economic conditions; (iii) an act of war or terrorism, industrial accidents, or cyber security breach that disrupts business; (iv) changes in the law and regulations; (v) the effect of liabilities and other claims asserted against the Company including the failure to repay indebtedness or comply with lender covenants including the lack of liquidity to support business operations and the inability to refinance debt, failure to obtain necessary financing or the inability to access the capital markets and/or obtain alternative sources of capital; (vi) changes in the size and nature of the Company’s competition; (vii) the loss of one or more key executives; (viii) increased credit risk from customers; (ix) the Company’s failure to grow internally or by acquisition or the failure to successfully integrate acquisitions; (x) the Company’s failure to improve operating margins and realize cost efficiencies and economies of scale; (xi) the Company’s failure to attract, hire and retain quality recruiters, account managers and salesmen; (xii) the Company’s failure to recruit qualified candidates to place at customers for contract or full-time hire; (xiii) the adverse impact of geopolitical events, government mandates, natural disasters or health crises, force majeure occurrences, future global pandemics such as COVID-19 or other harmful viral or non-viral rapidly spreading diseases and such other factors as set forth under the heading “Forward-Looking Statements” in the Company’s annual reports on Form 10-K, its quarterly reports on Form 10-Q and in the Company’s other filings with the Securities and Exchange Commission (SEC). More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company is under no obligation to (and expressly disclaims any such obligation to) and does not intend to publicly update, revise, or alter its forward-looking statements whether as a result of new information, future events or otherwise.
BETHLEHEM, PA / ACCESS Newswire / August 13, 2025 / Buzzi Unicem USA, a prominent U.S. cement manufacturer and subsidiary of Buzzi S.p.A is partnering with UptimeAI, a leading provider of AI-powered operational excellence solutions, to deploy an artificial intelligence-based program aimed at transforming asset reliability and operational performance at its Festus, MO plant.
The collaboration began with a pilot deployment of AI Expert, UptimeAI’s flagship platform, to gain deeper insights into operational parameters and their correlation, asset performance, prediction of equipment failures and reduction of maintenance costs. Powered by advanced AI and machine learning algorithms trained on more than 1,000 failure modes, AI Expert is expected to enable predictive diagnostics and informed decision-making. Its two primary core modules, “AI Expert: Generative AI” and “AI Expert: Reliability and Process,” aim to streamline operational parameters, root cause analysis, support continuous improvement and enhance knowledge management across plant operations.
The platform emulates the reasoning of experienced engineers by combining historical data, real-time operating conditions, and institutional knowledge to detect issues early to recommend targeted corrective actions.
“Unlike generic deviation detectors, our platform acts as a virtual process and reliability engineer,” Jagadish Gattu, founder and chief executive officer of UptimeAI, said. “AI Expert is purpose-built for complex industrial operations like we see at Buzzi Unicem USA to learn from plant-specific data with a comprehensive view approach mimicking the reasoning of seasoned engineers, to bridge the gap between human expertise and scalable AI.”
“Partnering with UptimeAI reflects our commitment to continuously improving reliability and performance,” Antonio Buzzi, president and chief executive officer of Buzzi Unicem USA, said. “This initiative supports our core value of continuous evolution. We pursue excellence, embrace innovation and face change with courage to achieve lasting, sustainable results. We expect UptimeAI’s platform to provide deep operational insight, to equip our teams with smart decisions and, most importantly, to support and share critical plant operational knowledge across our organization.”
This partnership reflects the companies’ shared commitment to driving innovation and advancing sustainable operations. As the cement industry faces increasing pressure to reduce unplanned downtime and lower its carbon footprint, AI-powered solutions are rapidly emerging as a strategic lever for competitiveness and long-term resilience.
About Buzzi Unicem USA
Buzzi Unicem USA Inc., part of the global Buzzi Unicem Group, is a leading cement manufacturer headquartered in Bethlehem, Pa. The company operates eight full-cycle cement plants and 36 cement terminals across the U.S., delivering high-quality materials and advancing innovation in construction. Learn more at: www.buzziunicemusa.com
About UptimeAI
UptimeAI is a San Francisco-based provider of AI-based operational excellence solutions for heavy industries. Its proprietary “AI Expert” platform enables organizations to improve asset reliability, efficiency, and sustainability by replicating the knowledge of top engineers at scale. UptimeAI is trusted by Global industry leaders in cement, power, oil and gas, and chemicals. More at: www.uptimeai.com | Contact: info@uptimeai.com
Visit Highlights Mississippi’s Role in Defense Innovation and Economic Growth
TUPELO, MS / ACCESS Newswire / August 13, 2025 / General Atomics Electromagnetic Systems (GA-EMS) welcomed Mississippi Gov. Tate Reeves to its Manufacturing Center of Excellence in Tupelo, Miss on Tuesday, August 12, where he toured the facility and met with company leaders to discuss Mississippi’s expanding role in national defense and advanced manufacturing.
Reeves emphasized the importance of high-tech job creation and public-private partnerships in driving economic growth. GA-EMS briefed him on its manufacturing capabilities and weapons systems that complement the Golden Dome for America initiative including hypersonics, directed energy, space-based missile tracking and warning payloads and Bullseye™, the company’s long range precision-guided missile that will be produced in Mississippi. The Governor was also briefed on GA-EMS’ investments and initiatives to support the expansion of the maritime and submarine industrial bases and its nuclear power solutions for future Mississippi data centers.
“General Atomics is helping build the future of American defense right here in Mississippi,” Reeves said. “Their work reflects the strength of our workforce and the success of our pro-growth policies. Mississippi is breaking economic development records and bringing in billions in new private sector investment – and it’s thanks to great companies like General Atomics.”
GA-EMS operates more than 750,000 square feet of manufacturing space in Tupelo and maintains additional facilities in Iuka, Miss., with strategic access to world ports via the Tennessee-Tombigbee Waterway to support future shipbuilding and logistics expansion.
“This facility represents our long-term commitment to building resilient, world-class manufacturing capability in Mississippi,” said Scott Forney, president of GA-EMS. “We’re investing in infrastructure and workforce development to deliver advanced technologies at scale for critical national defense priorities and to facilitate military readiness.”
About General Atomics Electromagnetic Systems
General Atomics Electromagnetic Systems (GA-EMS) develops innovative technologies to create breakthrough solutions supporting operational environments from undersea to space. From electromagnetic, power generation and energy storage systems and space systems and satellites, to hypersonic, missile defense, and laser weapon systems, GA-EMS offers an expanding portfolio of capabilities for defense, government, and national security customers. GA-EMS also provides commercial products and services targeting hazardous waste remediation, oil and gas, and nuclear energy industries.
