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Viasat Completes Sale of Energy Services Systems Integration Business

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CARLSBAD, Calif., Dec. 18, 2024 /PRNewswire/ — Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that it has completed the divestiture of its Energy Services System Integration (SI) business to US-based private investment firm MAG Capital Partners. No further transaction details were announced.

Gary Chase, Chief Financial Officer, Viasat said: “We are focused on taking strategic actions and continuously looking at ways to enhance our financial position and unlock value. This transaction is part of Viasat’s strategy to actively manage our portfolio. While the SI business is a vibrant, stand-alone operation, it has minimal strategic synergies with our core growth businesses.

“It made strong sense for the future of the SI business – its employees and customers – to find a new owner prioritizing large-scale telecoms project work to allow the business to reach its full potential. In MAG Capital Partners, we believe we have found an owner that will help the business continue to expand. We appreciate the many contributions of our SI colleagues and wish them continued success.”

SI, which was included in Viasat’s acquisition of RigNet in 2021, provides engineering design, procurement services, shop assembly, factory acceptance testing, and “day 2” support for telecom systems installed on critical infrastructure projects. Approximately 80 employees currently engaged in the SI business will transfer to the new company, Nessco. The agreement includes the sale of the company’s SI facility in Aberdeen, Scotland. No locations are expected to close as a result of the sale. Imperial Capital, LLC served as exclusive financial advisor to Viasat in connection with the sale of the SI business. 

About Viasat
Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on FacebookInstagramLinkedInX or YouTube.

Copyright © 2024 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered in the U.S and in other countries to Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

Forward-Looking Statements 
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the enhancement of financial performance and unlocking of value resulting from the active management of Viasat’s portfolio; the number of employees expected to transfer to the new company; and the number of locations expected to close as a result of the sale. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to realize the anticipated benefits of any existing or future satellite; unexpected expenses related to our satellite projects; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, launch, operational or deployment failure or degradation in satellite performance; increasing levels of competition in our target markets; our ability to successfully implement our business plan on our anticipated timeline or at all; changes in the global business environment and economic conditions; and our level of indebtedness and ability to comply with applicable debt covenants. In addition, please refer to the risk factors contained in our SEC filings available at www.sec.gov, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements for any reason.

View original content:https://www.prnewswire.com/news-releases/viasat-completes-sale-of-energy-services-systems-integration-business-302335522.html

SOURCE Viasat, Inc.

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Canadian Solar Launches TOPCon 3.0 High-Power-Density Module, Delivering up to 670 Wp, 24.8% Efficiency and Lower LCOE for Utility-Scale and C&I Solar Projects

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KITCHENER, ON, June 22, 2026 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced the launch of its new TOPCon 3.0 high-power-density photovoltaic module, tailored for utility-scale power plants as well as commercial and industrial (C&I) PV systems. With a power output of up to 670 Wp and a conversion efficiency of up to 24.8%, the new product is scheduled for global mass shipment starting in August 2026.

The TOPCon 3.0 high-power-density module delivers higher energy yield and lower Levelized Cost of Electricity (LCOE), improving project economics and long-term returns.

Higher power density: With a power output of up to 670 Wp, the module features a multi-cut technology based on large-format rectangular cells and enhanced light utilization, while maintaining a standard module size of 2382 × 1134 × 30 mm for optimum logistics and easy system integration.

Higher bifaciality: Cell poly-patterned technology and optimized back-side design enable PV module bifaciality of up to 90%, delivering an additional 0.4%–0.5% system-level energy gain.

Lower temperature coefficient: Advanced passivation technologies on cell edge and surface lower the PV module temperature coefficient to -0.26%/°C, improving PV system performance in high-temperature environments.

Together, these advanced cell and module technologies deliver high reliability and reduce degradation to ≤1% in the first year and 0.35% annually thereafter, ensuring over 88.85% output after 30 years.

For demanding conditions such as glare-sensitive, high-load, corrosive, and dusty environments, the TOPCon 3.0 module portfolio can be equipped with anti-glare glass, IoT (Internet of Things)-enabled junction box, and steel, composite, or anti-dust frames, enhancing PV system safety and visibility.

Dr. Shawn Qu, Executive Chairman and Chief Technology Officer of Canadian Solar, said, “With the launch of our TOPCon 3.0 module, we continue to advance high-efficiency PV technology, delivering up to 1.6% higher energy yield and up to 1.4% lower LCOE, translating into stronger lifecycle value and more predictable long-term returns for our global partners.”

The TOPCon 3.0 high-power-density module will be showcased at Intersolar Europe from June 23 to 25 in Munich, Germany. Visit Canadian Solar at booth B2.250 to explore the new generation of high-efficiency PV technology.

About Canadian Solar Inc.
Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of 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, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales 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 “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes 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 undertakes 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 

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SOURCE Canadian Solar Inc.

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Rockwell Automation Technology Supports Modernization at New Heaven Hill Distillery

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PlantPAx helps streamline operations at the state-of-the-art facility and enables future AI-driven optimization.

MILWAUKEE, Wis., June 22, 2026 /PRNewswire/ — Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, helped an iconic bourbon maker bring its operations into the digital era. When Opus Integration helped Heaven Hill launch a new distillery last year in Bardstown, KY, it used the PlantPAx® modern distributed control system (DCS) from Rockwell Automation to increase efficiency and embed digital transformation from day one.

“Creating a state-of-the-art distillery with digital transformation embedded from day one creates long-term advantages,” said Kris Dornan, Commercial Marketing Manager, Rockwell Automation. “Using the PlantPAx modern DCS, Opus and Heaven Hill have created a unified control and data environment giving operators deep visibility into operations today while laying the groundwork for more advanced analytics and richer insights in the future.”

Heaven Hill is the world’s largest independent bourbon maker, with well-known brands such as Elijah Craig, Evan Williams and its namesake bourbon. The new production facility launched in 2025 brought operations back to Bardstown for the first time in decades after a fire destroyed the distillery where the company had previously produced bourbon since 1935.

While Heaven Hill has crafted bourbon for more than 90 years, the company wanted its new distillery to be fully modernized. The facility required full plant visualization, robust cybersecurity and a foundation capable of supporting long-term digital transformation.

Opus Integration, a Rockwell Automation partner specializing in industrial control systems, with deep expertise in process automation and plant modernization, deployed the PlantPAx modern DCS to deliver a cohesive view of the entire distillery. The solution transformed how operators engage with the production environment and reduced troubleshooting time. Modern interlock objects allow operators to immediately see what is preventing equipment from running, eliminating the need to dig through code or place multiple support calls.

The modern DCS also allows operators to analyze historical trends and compare past production runs. This supports anomaly detection, process optimization and continuous improvement in the distillery operations.

“The PlantPAx DCS gives operators greater visibility into the distillery’s operations than they’ve had in the past, allowing them to stay focused on delivering Heaven Hill’s iconic products without worrying about the production process,” said Don Ault, owner and CEO of Opus Integration. “Heaven Hill now has the real-time insights and information security it needs to succeed today and a foundation for digital evolution based on future business needs.”

The PlantPAx-based infrastructure positions the new distillery to use AI-driven insights and other advanced technologies. Heaven Hill is already building AI-focused roles to interpret and apply production data generated through the PlantPAx system.

To learn more about how Rockwell Automation supports Heaven Hill with PlantPAx to modernize operations, read the full case study here.

About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 26,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit  www.rockwellautomation.com.

 

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SOURCE Rockwell Automation, Inc.

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Watch a New Episode of Advancements on Saturday, July 27 at 8:00 PM ET

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Get an inside look at how innovation is transforming operations in an increasingly tech-driven world.

JUPITER, Fla., June 22, 2026 /PRNewswire/ — An upcoming episode of Advancements with Ted Danson is scheduled to air on Saturday, July 27, 2026, at 8:00 PM ET. Tune in to Bloomberg Television to watch.

The episode will take viewers inside four compelling stories highlighting the people, technologies, and innovations shaping the future across cybersecurity, veterinary healthcare, energy production, and battery technology.

The program begins with a look at the evolving cybersecurity landscape, and the growing challenges organizations face in an increasingly connected world. Watch to learn how advanced cyber threats are reshaping security strategies and discover how innovations in identity-based security, passwordless technologies, and proactive defense measures are helping to protect critical infrastructure, organizations, and consumers alike.

Next, the series turns its attention to veterinary healthcare, where rising demand for advanced pet care, workforce shortages, and increasing operational complexity are driving industry-wide transformation. Discover how technology-enabled care models, integrated digital systems, and AI-supported tools are helping veterinary professionals improve efficiency, reduce administrative burdens, and enhance outcomes for both patients and pet owners.

The episode also explores the critical role of domestic energy production in supporting long-term energy security. Featuring insights into California’s untapped natural gas resources and advances in drilling technology, the segment examines how innovative approaches to resource development may help address growing energy demands, while supporting economic growth and regional energy stability.

Finally, Advancements highlights the future of battery technology and its role in the global transition toward electrification. The segment features the latest innovations in solid-state battery development and shares how next-generation energy storage solutions are being engineered to improve safety, performance, scalability, and sustainability across electric vehicles and other emerging applications.

“Technology and innovation continue to transform every aspect of modern life,” said Dustin Schwarz, programming director for the Advancements series. “This episode showcases organizations and thought leaders working to address some of today’s most pressing challenges, while helping to build a more secure, sustainable, and connected future.”

Featured segments in this episode include: T-Mobile, Tandem Vet Care, INNEX Energy, and ProLogium.

About Advancements:
Advancements is an information-based educational television series that explores recent developments taking place across several industries and economies. With a focus on some of the major innovations responsible for global progress today, the award-winning series goes behind-the-scenes to discover and share how technology and innovation continue to drive the world forward.

For more information, please visit www.AdvancementsTV.com or call 866-496-4065.

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SOURCE Advancements

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