Technology

Recurrent Energy Announces Initial Closing of Investment from BlackRock

Published

2 years ago

June 3, 2024

NEW YORK and GUELPH, ON, June 3, 2024 /PRNewswire/ — Recurrent Energy, a subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today the initial closing and funding of an investment in Recurrent Energy‘s platform by BlackRock through a fund managed by its Climate Infrastructure business (“BlackRock”). The initial closing of the transaction, first announced in January 2024, was contingent on requisite regulatory approvals and other conditions, which have now been met.

The initial closing represents the majority of the planned capital infusion. Once the transaction is fully complete, BlackRock’s $500 million investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Canadian Solar will continue to own the remaining majority shares of Recurrent Energy.

This milestone enables Recurrent Energy to advance investment in its high value project development portfolio, supporting its strategic transition from a pure developer to a developer plus long-term owner and operator in select markets including the U.S. and Europe. This transition will allow Recurrent Energy to generate more stable long-term revenue in low-risk currencies and capture greater value from its diversified global project development pipeline.

Recurrent Energy is one of the world’s largest clean energy project development platforms with a strong and established track record, having developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects on six continents since 2009.

As of March 31, 2024, Recurrent Energy had a global project development pipeline of 26 GW in solar and 56 GWh in storage, of which 11 GW and 15 GWh respectively are projects with interconnections. Recurrent Energy expects to have 4 GW of solar and 2 GWh of storage in operation in the U.S. and Europe by 2026.

Ismael Guerrero, CEO of Recurrent Energy, said, “With this financial and strategic support from BlackRock, Recurrent Energy is well-equipped to advance our development of key solar and energy storage projects globally. We value our partnership with BlackRock and appreciate their commitment to our mission of delivering clean, reliable, and affordable power to the world, today and tomorrow.”

David Giordano, Global Head of Climate Infrastructure, BlackRock, added, “This investment from the BlackRock Climate Infrastructure Global Renewable Power Fund IV positions Recurrent Energy to grow the development, construction, and management of utility-scale solar and battery energy storage projects in core, high-growth markets. We look forward to combining our strengths and expertise to build a leading, global independent power producer.”

For more information, please refer to Form 6-K filed with the Securities and Exchange Commission on January 23, 2024 regarding this investment in connection with the initial transaction announcement.

About Recurrent Energy

Recurrent Energy is one of the world’s largest and most geographically diversified utility-scale solar and energy storage project development, ownership and operations platforms, with an industry-leading team of in-house energy experts. Recurrent Energy is a subsidiary of Canadian Solar Inc. Additional details are available at www.recurrentenergy.com.

About Canadian Solar

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery energy storage solutions, and developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. Over the past 23 years, Canadian Solar has successfully delivered over 125 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world. Currently, the Company has over 1.2 GWp of solar power projects in operation, 6.5 GWp of projects under construction or in backlog (late-stage), and an additional 19.8 GWp of projects in advanced and early-stage pipeline. In addition, the Company has 600 MWh of battery energy storage projects in operation and a total battery energy storage project development pipeline of around 56 GWh, including approximately 4.3 GWh under construction or in backlog, and an additional 51.6 GWh at advanced and early-stage development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in Canadian Solar’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although Canadian Solar and Recurrent Energy believe that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar and Recurrent Energy undertake no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact

Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

Recurrent Energy Media Contacts
Inés Arrimadas
Recurrent Energy
comms@recurrentenergy.com

Ally Copple
Innovant Public Relations
713-201-8800
Ally@InnovantPR.com

BlackRock
Christopher Beattie
646-231-8518
christopher.beattie@blackrock.com

View original content:https://www.prnewswire.com/news-releases/recurrent-energy-announces-initial-closing-of-investment-from-blackrock-302161583.html

SOURCE Canadian Solar Inc.

Technology

hand2mind Launches New and Exclusive Back-to-School Products at Target

Published

16 minutes ago

June 16, 2026

Teacher-author collaborations with Tara West and Brooke Brown support hands-on math, literacy, and STEM learning

VERNON HILLS, Ill., June 16, 2026 /PRNewswire/ — hand2mind , a leading provider of hands-on learning tools for classrooms and homes, is launching a lineup of new and exclusive back-to-school products at Target, including classroom-ready tools created with its teacher-author partners Tara West and Brooke Brown.

The product lineup gives educators and parents easy access to engaging, hands-on learning tools designed to support math, literacy, STEM, and social-emotional learning. Select products will be available exclusively at Target, including new teacher-created items designed to help students build skills through exploration, problem-solving, and active play.

West and Brown are part of hand2mind’s growing network of teacher-author partners, bringing classroom expertise and educator-developed approaches to hands-on learning products for young learners. West is the creator of Little Minds at Work®, and her early literacy curriculum, Guided Phonics + Beyond®, is included on three state-approved lists. Brown is the creator of Teach Outside the Box® and STEM Bins® and is known for helping teachers make STEM exploration accessible, flexible, and engaging in everyday classroom settings.

“Teachers are looking for low-prep classroom tools that are easy to implement, developmentally appropriate and rooted in how children actually learn,” said Elana Woldenberg Ruffman, CMO at hand2mind. “By working with teacher-authors like Tara West and Brooke Brown, hand2mind is bringing classroom-tested ideas to Target shelves in a way that supports educators during the back-to-school season and beyond.”

The Target-exclusive products include:

STEM Bins® by Brooke Brown Builder Pack ($24.99): Brown’s first product available at a major retailer; this set includes building materials and open-ended task cards that encourage students to design, create and problem-solve. It is designed for early finishers, centers, morning work, and makerspace time. Little Minds at Work® Early Math Activity Set ($21.99): Featuring West’s Pip the Pup character, this hands-on set helps students practice foundational math skills through matching, sorting, patterning, framing and comparing activities. The set includes 54 Pip the Pup counters and 20 double-sided activity cards. Little Minds at Work® Game Tray Activity Set ($19.99): This single-student activity set includes six double-sided math and literacy game boards and accessories for up to four players. The tray fits 8.5-by-11-inch paper, allowing teachers to swap in worksheets, game boards or custom activities. Little Minds at Work® Alphabet and Letter Sounds ($19.99): This hands-on activity set helps young learners practice CVC words, 26 core letter sounds, and early spelling skills. With colorful, reusable materials and engaging activities, children can identify beginning, middle, and ending sounds while strengthening fine motor skills through play.

In addition to the Target-exclusive products, hand2mind’s back-to-school product lineup at Target includes a range of educational tools that support literacy, math, social-emotional learning, sensory play and hands-on skill-building.

The hand2mind back-to-school product lineup is available at Target stores and Target.com.

About hand2mind®  

At hand2mind®, we believe children learn best by doing. That’s why, for over 60 years, we’ve been creating hands-on learning tools and educational toys that help kids build skills through exploration, problem-solving, and active play. From math and STEM to literacy and social-emotional learning, our screen-free educational tool and toys support engaged skill development in grades PreK and up. We inspire curiosity, build confidence and make learning fun—at home, in the classroom, and beyond. Unlock the power of hands-on learning by visiting www.hand2mind.com or following the brand on TikTok @hand2mind, Facebook @hand2mindinc, and Instagram @hand2mindinc.

MEDIA CONTACT
Olivia Flores
2139888344
416893@email4pr.com

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SOURCE hand2mind

Technology

Quick Fix Max™ ️Is Here, And It’s Everything Users Have Been Asking For

Published

16 minutes ago

June 16, 2026

LAS VEGAS, June 16, 2026 /PRNewswire/ — Quick Fix Synthetic, an authorized distributor of Quick Fix products, today announced the availability of Quick Fix Max 4 oz, a newly released addition to the Quick Fix product line from Spectrum Labs. Designed to offer increased volume and a ready-to-use standalone bottle format, Quick Fix Max uses the same Quick Fix 6.4 formula trusted for more than 25 years.

Quick Fix Max is a prefilled, premixed 4-ounce synthetic urine solution formulated to simulate key urine characteristics, including pH balance, specific gravity, creatinine levels, urea, and uric acid.

The product includes a temperature strip, heating pad, and batch verification code to support product authenticity and consistency. It introduces a larger standalone format for customers who prefer a simple bottle configuration while continuing to use the current Quick Fix 6.4 formula.

“Customers have consistently looked for a larger standalone Quick Fix option,” said by Chris Kennedy from Quick Fix Synthetic. “Quick Fix Max expands the existing lineup with the same trusted 6.4 formula in a format that offers more volume and better overall value.”

Quick Fix Max is a larger-volume format designed to offer improved per-ounce value while maintaining the same formula specifications and batch verification process customers already rely on.

Each Quick Fix Max package includes:

4 fl oz of Quick Fix 6.4 synthetic urineTemperature strip attached directly to the bottleHeat pad designed to maintain temperature for several hoursPrinted batch code for authenticity verificationTwo-year shelf life when stored correctly

Quick Fix Max has been officially released by Spectrum Labs and is now available through quickfixsynthetic.com and authorized distributors carrying official Quick Fix products.

Quick Fix Synthetic emphasized that purchasing through authorized distributors helps ensure customers receive authentic products stored under proper conditions, reducing the risk of expired or counterfeit units commonly associated with unverified third-party sellers and online marketplaces.

The company also noted that every Quick Fix Max bottle includes a printed batch number that can be verified through the official Quick Fix batch validator to confirm authenticity and expiration status before use.

Quick Fix Max is intended for novelty, calibration, educational, and laboratory simulation purposes only. Customers are encouraged to review all applicable local and state laws before purchase or use.

About Quick Fix Synthetic
Quick Fix Synthetic is an authorized distributor of Quick Fix products, providing customers with verified formula versions, batch authentication support, and direct customer service. The company focuses on educational resources, product authenticity, and discreet customer support while offering access to the latest Quick Fix formulations and related simulation products.

For more information, visit https://www.quickfixsynthetic.com.

Contact
Chris Kennedy
Manager
416750@email4pr.com
1-866-420-4574

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SOURCE Quick Fix Synthetic

Technology

Aspirion Achieves HITRUST r2 Certification, Reinforcing Trust and Security Across Its AI-Powered Revenue Cycle Platforms

Published

16 minutes ago

June 16, 2026

HITRUST Certification validates that Aspirion’s Compass and DocIQ AI platforms meet rigorous cybersecurity and data protection standards through independent assessment and assurance.

COLUMBUS, Ga., June 16, 2026 /PRNewswire/ — Aspirion, the healthcare technology revenue cycle management (“RCM”) leader for denials, payment variance, and complex claims, today announced its Compass and DocIQ platforms have earned certified status from HITRUST for cybersecurity and information protection.

The HITRUST 2-year (r2) Certification demonstrates that Aspirion has met requirements defined by a leading cybersecurity assurance leader, confirming that strong controls are in place to protect sensitive data and manage risk effectively. As healthcare organizations increasingly adopt AI-enabled workflows, security, transparency, and governance become essential to scaling innovation responsibly.

“Our clients trust us with some of the most sensitive information in healthcare, and that trust is foundational to everything we do,” said Nick Giannasi, CEO of Aspirion. “Earning HITRUST r2 Certification for our Compass and DocIQ platforms reflects the significant investment we’ve made in building secure, trustworthy systems for healthcare providers. The sensitivity of the data we handle demands rigorous, continuously evolving controls, and this certification provides independent validation that those protections are in place.”

Built on the HITRUST Assurance Program, this achievement reflects independent third-party testing, centralized quality assurance, and certification backed by HITRUST’s Cyber Threat-Adaptive engine. These elements ensure continuous alignment with the latest threat intelligence and evolving standards across NIST, ISO, and OWASP.

“The HITRUST Assurance Program is rigorous and reliable because of the comprehensiveness of control requirements, depth of review, and consistency of oversight,” said Bimal Sheth, EVP, Standards Development & Assurance Operations at HITRUST. “HITRUST Certification demonstrates Aspirion is taking the most proactive approach to cybersecurity, data protection, and risk management.”

To learn more about HITRUST 2-year (r2) Certification, visit the HITRUST website at www.hitrustalliance.net. For more information about Aspirion, visit www.aspirion.com.

About Aspirion

Aspirion helps hospitals and health systems nationwide recover earned revenue from their most complex and difficult-to-resolve claims. Deploying proprietary AI and a specialized team of attorneys, clinicians, and claims experts, Aspirion overturns denials, recovers underpayments, and maximizes out-of-network and complex claim reimbursement—getting providers paid accurately, quickly, and transparently so they can focus on delivering affordable, accessible care. To learn more, visit www.aspirion.com.

Media Contact

Erin Haynie
Vice President, Marketing
Aspirion
erin.haynie@aspirion.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/aspirion-achieves-hitrust-r2-certification-reinforcing-trust-and-security-across-its-ai-powered-revenue-cycle-platforms-302800805.html

SOURCE Aspirion