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Kanders & Company Completes Acquisition of Antenna and Test Equipment Businesses from L3Harris

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Launches Fisica, Kanders’ New Defense Technology Platform

PALM BEACH, Fla., June 3, 2024 /PRNewswire/ — Kanders & Company, Inc. (“Kanders”), a U.S.-based single-family office, announced today the completion of its previously announced acquisition of certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million.

The acquired ATI, Datron and Randtron businesses will operate under Fisica, Inc. (“Fisica”), Kanders’ defense technology platform, and manufacture airborne and ground-based antennas, and electromagnetic systems and simulators for applications across radar, communications, warning systems, remote sensing, nuclear effects testing and imaging. Fisica, which is based in San Leandro, Calif., with additional operations in Menlo Park and Simi Valley, Calif., is well positioned for continued growth as a critical partner for flagship defense primes and the U.S. Department of Defense. Additional information about Fisica can be found at https://www.fisica.com.

“We are pleased to complete this transaction and launch Fisica, a defense industry platform positioned to grow organically and through targeted acquisitions,” said Warren B. Kanders, President of Kanders and Executive Chairman of Fisica. “Alongside the talented existing management team, I look forward to leveraging and building on Fisica’s outstanding portfolio to serve a growing need in the electronic warfare and communications industry. I view these businesses as an excellent starting point to think expansively and opportunistically about growth in the broader defense space.”

Warren B. Kanders will serve as Executive Chairman of Fisica. The businesses will be led on a day-to-day basis by President Mark Rayner and Chief Financial Officer Christopher Prabhu.

Mr. Rayner has over 30 years of experience in satellite communications, electronic protection and support, and antenna technology. Prior to the transaction he was serving as General Manager overseeing these businesses for the seller, and his prior experience includes time at TRW Inc.

Mr. Prabhu joined the seller in 2019 as CFO of the ATI business and following a series of consolidations, grew to oversee all the businesses as finance lead. He has over 20 years of aerospace and defense industry experience with companies such as Dover Corporation, GE Aviation, Triumph Group, and IMPEX.

Three well-respected independent directors will round out the leadership of Fisica, including:

Hamish Norton is the President of Star Bulk Carriers Corp. and in addition to a distinguished career in finance and shipping, has an undergraduate degree in physics from Harvard College and a Ph.D. in physics from the University of Chicago.Lisa Randall is the Frank B. Baird, Jr., Professor of Science at Harvard University, having previously taught at MIT, Princeton University, and University of California-Berkeley. Professor Randall is a bestselling author and her studies have made her among the most cited and influential theoretical physicists. She has an undergraduate degree and a Ph.D. in physics from Harvard University.Neil deGrasse Tyson is a well-known astrophysicist and author who received an undergraduate degree in physics from Harvard College, and a PhD in astrophysics also from Columbia University.

About Kanders & Company, Inc.

Kanders & Company, Inc., based in Palm Beach, Florida, is a single-family office owned and controlled by Warren B. Kanders. Mr. Kanders has more than 35 years of experience investing in public and private companies across a variety of sectors, acting as an active strategic partner for enhancing operating discipline and catalyzing long-term growth.

About Fisica

Fisica, Inc. is a leading defense products manufacturer that was formed to acquire the Randtron, Datron and Applied Technologies Inc. businesses, establishing a platform that designs and produces airborne antennas, ground-based antennas, and electromagnetic systems and simulators. Headquartered in San Leandro, Calif., with additional operations in Menlo Park and Simi Valley, Calif., the company has approximately 375 employees.

Contacts:

Kanders & Company
Gray Hudkins
ghudkins@kanders.com
(203) 550-7148

Media
Aura Reinhard / Tim Ragones
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

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SOURCE Kanders & Company, Inc.

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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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