Technology

Westbridge Renewable Announces $0.10 per Share Return of Capital

Published

2 years ago

May 29, 2024

CALGARY, AB, May 29, 2024 /CNW/ – Westbridge Renewable Energy Corp. (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (“Westbridge”, “Westbridge Renewable” or the “Company”) is pleased to announce that its Board of Directors today authorized a cash distribution to its common shareholders of C$0.10 per share.

Stefano Romanin, CEO of Westbridge, noted: “We believe that this is an appropriate step for Westbridge to take given the conclusion of the disposition of the Georgetown Solar Project and is intended to reward shareholders for their unflagging support for the Company since its inception.”

The distribution will be payable, in Canadian Dollars, to shareholders of record on Friday, June 7, 2024 and will be paid on or about Friday, June 21, 2024.

The distribution will be classified as a return of capital. The tax consequences to any particular shareholder of a return of capital are fact-specific and shareholders are urged to seek independent advice as to the implications of the distribution to their tax position.

About Westbridge Renewable Energy

Westbridge Renewable Energy Corp. originates, develops, and monetizes best-in-class, utility-scale solar PV projects. The Company has a portfolio of projects in four key jurisdictions, Canada, the U.S., the UK, and Europe. Westbridge plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing permits within budget. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its investors valuable access to greenfield solar projects. This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain, as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users.

On behalf of the Board of Directors

Scott Kelly
Director and Executive Chair
skelly@westbridge.energy
+1 416 998-4714

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

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets”, “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about: the payment of a cash distribution to the Company’s shareholders.

In connection with the forward-looking information contained in this news release, Westbridge Renewable and its subsidiaries have made numerous assumptions regarding, among other things: the Company is not insolvent and paying the cash distribution to the shareholders will not make the Company insolvent; and the timing and payment of the cash distribution, and the tax treatment of the cash distribution. While Westbridge Renewable considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Westbridge Renewable’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the cash distribution may not be made to the shareholders as currently contemplated, Canada Revenue Agency may challenge the tax treatment of the distribution, and the tax implications of the distribution may differ than those currently anticipated by Westbridge Renewable.

A more complete discussion of the risks and uncertainties facing Westbridge Renewable is disclosed in Westbridge Renewable’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Westbridge Renewable disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/westbridge-renewable-announces-0-10-per-share-return-of-capital-302158461.html

SOURCE Westbridge Energy Corporation

Technology

Sungrow Secures World’s First German Inertia Market “Passport” with VDE FNN Prototype Certificate

Published

56 minutes ago

July 20, 2026

MUNICH, July 20, 2026 /PRNewswire/ — Sungrow, the globally leading PV inverter and energy storage system provider, achieved another global milestone in grid-forming technology. The company’s SC210HX series Power Conversion Systems (PCS) have obtained the VDE FNN Prototype Certificate issued by TÜV Rheinland of Germany, becoming the world’s first energy storage PCS to pass the full set of German medium- and high-voltage grid connection standards alongside grid-forming performance verification.

This breakthrough enables PowerTitan energy storage systems equipped with this SC210HX PCS series to shorten the grid connection timeline drastically, reduce project acceptance risks, accelerate access to Europe’s latest inertia market, and substantially boost the investment and financing competitiveness of energy storage projects.

Developed by VDE FNN, the organization responsible for Germany’s grid technology and operational standards, the certification framework sets comprehensive requirements for medium- and high-voltage grid integration. Widely recognized by European grid operators, developers, and financial institutions, it serves as a critical benchmark for evaluating the compliance, reliability, and grid-support capabilities of energy storage projects.

Powered by Sungrow self-developed Stem-Cell Grid-Forming Technology, energy storage systems equipped with the SC210CX series PCS deliver outstanding grid adaptability and stable grid support. The system can independently absorb or output active and reactive power to support full-scenario grid demands, including frequency regulation, voltage regulation, and backup power support. On weak grids with high penetration of renewable energy, the converter maintains voltage-source characteristics and rapidly outputs dynamic reactive current upon grid short-circuit faults. Furthermore, the system can establish a power grid without external synchronization, supporting black start and islanded operation to effectively resolve grid connection pain points for remote European energy storage plants and off-grid projects.

By successfully completing the stringent VDE FNN testing process, Sungrow has verified that its hardware reliability, proprietary control algorithms, and grid-forming performance fully meet Germany’s strictest mandatory grid standards. The certification represents authoritative recognition of Sungrow’s technical leadership in advanced energy storage and grid-support solutions.

Beyond its technical significance, this certification also delivers tangible commercial value for project developers. European market standards keep getting stricter, and leading investment institutions and lending banks use TÜV Rheinland VDE certification as a core metric for assessing project compliance and equipment reliability. This certification enables developers to significantly shorten grid-connection timelines, avoid project delays during acceptance and comply with Europe’s latest entry rules for inertia-based energy storage. Additionally, it strengthens the credibility, bankability, asset value, and financing prospects of energy storage projects.

Leveraging its full lineup of VDE-compliant grid-forming energy storage products, Sungrow will continue to deepen its expertise in Europe’s energy transition and deliver safer, more grid-friendly, high -yield energy storage solutions to global customers.

Photo – https://mma.prnewswire.com/media/3006323/Sungrow_Secures_World_s_First_German_Inertia_Market__Passport__with_VDE_FNN_Prototype_Certificate.jpg
Logo – https://mma.prnewswire.com/media/1344575/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sungrow-secures-worlds-first-german-inertia-market-passport-with-vde-fnn-prototype-certificate-302829365.html

Technology

Deka Lash Agoura Hills Launches “Wake Up Ready For Summer” Promotion

Published

56 minutes ago

July 20, 2026

Guests Can Receive 25% Off Any Full Set or Lash Lift for Pool Days, Vacations, and Low-Effort Summer Mornings

AGOURA HILLS, Calif., July 20, 2026 /PRNewswire/ — Deka Lash, a premier lash and eyebrow studio in Agoura Hills, is helping clients simplify their summer beauty routine with its limited-time “Wake Up Ready For Summer” promotion. For a limited time, guests can receive 25% offany full set of lash extensions or lash lift, making it easier to enjoy polished, effortless lashes for vacations, pool days, special events, and busy summer mornings.

The summer promotion is designed for clients who want long-lasting beauty with less daily maintenance. Whether guests are interested in natural-looking eyelash extensions in Agoura Hills or professional lash lift and tint services, Deka Lash offers customized treatments tailored to each client’s eye shape, lash goals, and personal style.

“Summer is the perfect time to simplify your routine,” said David Schiff, Owner of Deka Lash Agoura Hills. “Our lash extensions and lash lift services help clients feel confident and put together from the moment they wake up, whether they’re heading to the pool, going on vacation, or managing a packed schedule.”

Deka Lash in Agoura Hills provides a variety of lash and brow services, including full set eyelash extensions, lash refills, lash lifts, lash tinting, brow lamination, brow tinting, and brow shaping. Each service is performed by trained Lash Artists who focus on precision, comfort, lash health, and long-lasting results.

The “Wake Up Ready For Summer” promotion applies to any full set of lash extensions or lash lift service at the Agoura Hills studio. Guests are encouraged to book early, as summer appointments may fill quickly.

Promotion Details

What: 25% off any full set of lash extensions or lash lift
Where: Deka Lash in Agoura Hills
When: Limited-time summer promotion
Best For: Pool days, vacations, events, and low-effort mornings

About Deka Lash Agoura Hills

Deka Lash Agoura Hills is a professional lash and eyebrow studio offering customized eyelash extensions, lash lifts, brow services, and aftercare products. Known for personalized service and high-quality results, the studio helps clients achieve beautiful, low-maintenance lashes and brows that fit their lifestyle.

For more information or to take advantage of the promotion, visit https://dekalash.com/find-a-studio/california/agoura-hills/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/deka-lash-agoura-hills-launches-wake-up-ready-for-summer-promotion-302828855.html

SOURCE Deka Lash

Technology

Raghu Vamsi Aerospace Group Raises $40 Million to Scale Precision Manufacturing, Mission Systems and Deep-Tech Platforms

Published

57 minutes ago

July 20, 2026

Round led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures, and Ashish Kacholia, to accelerate global expansion and indigenous aerospace and defence technologies

HYDERABAD, India, July 20, 2026 /PRNewswire/ — Raghu Vamsi Aerospace Group (RVAG), a Hyderabad-headquartered precision manufacturing and deep-tech company serving the global aerospace, defence and energy sectors, today announced it has raised $40 million (approximately ₹400 crore) in its latest funding round. The round was led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures and noted investor Ashish Kacholia.

The capital will be used to expand manufacturing capacity across the Group’s facilities in India, the UK and the USA; accelerate development of its upcoming integrated manufacturing campus at Hardware Park near Hyderabad International Airport; and strengthen its Mission Systems and Deep-Tech & Autonomous Systems businesses.

Over the past two decades, RVAG has evolved into a global manufacturing platform with more than 1,200 employees and over ten facilities across three countries. The Group manufactures precision aero-engine components and sub-assemblies for leading global OEMs, including GE Aerospace, Collins Aerospace, Honeywell, Boeing and Safran, while also serving global energy companies such as Baker Hughes, Halliburton, SLB and GE. It currently has an order book exceeding ₹2,500 crore.

The Group is among the few Indian companies offering end-to-end aerospace manufacturing under one roof, spanning design, engineering, manufacturing, testing and assembly. Its capabilities include CNC machining, sheet metal fabrication, composites, electronics, software, gears, fasteners and NADCAP-approved special processes.

Beyond contract manufacturing, Raghu Vamsi has built strong indigenous capabilities through its Mission Systems and Deep-Tech verticals. The company develops propulsion systems, aircraft hydraulic components and subsystems for defence programmes, while its ARROBOT platform is advancing drone technologies and unmanned ground vehicles for India’s armed forces.

“This investment is a strong vote of confidence in what our team has built over the last two decades, a fully integrated, home-grown manufacturing platform that global aerospace, defence and energy leaders trust with mission-critical work. It allows us to scale capacity across our India, UK and USA operations; accelerate our Hardware Park campus and deepen our investments in Mission Systems and Autonomous Systems,” said Vamsi Vikas, Managing Director, Raghu Vamsi Aerospace Group.

“Our growth has always been guided by the values of our founder, Late Sri G. Thrimurthulu, who built this company on reliability, integrity and empathy toward every stakeholder we serve. This round strengthens our ability to invest in our people, our technology and our talent pipeline as we prepare for the next phase of scale,” added Siva Arvinth, CEO, Raghu Vamsi Aerospace Group.

“Raghu Vamsi has created a uniquely integrated manufacturing platform trusted by leading aerospace and energy OEMs for its technical depth and disciplined execution. We look forward to working with the team scales and unlocks the next phase of value creation,” said Shiv Chaudhary, Partner, Norwest.

“Raghu Vamsi’s breadth spanning precision manufacturing, mission systems and deep tech, sets it apart in India’s aerospace and defence ecosystem. We look forward to supporting the team through its next phase of growth,” said Navin Roy Vallabhneni, Skegen Asset Management.

The company has also established collaborations with premier institutions, including the IITs and IIITs, as well as research organisations such as ARCI and defence agencies, including ADA and DRDO, reinforcing its commitment to building globally competitive aerospace and defence technologies from India.

About Raghu Vamsi Aerospace Group

Raghu Vamsi Aerospace Group is a Hyderabad-based aerospace and defence manufacturing company with operations across India, the UK and the USA. The Group supplies precision-engineered components to leading global OEMs including GE Aerospace, Pratt & Whitney, Honeywell, Safran and Collins Aerospace, while expanding into mission systems and autonomous technologies.

View original content:https://www.prnewswire.co.uk/news-releases/raghu-vamsi-aerospace-group-raises-40-million-to-scale-precision-manufacturing-mission-systems-and-deep-tech-platforms-302828048.html