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VOXX International Reports Receipt of Notice from Nasdaq Regarding Delayed Filing of Quarterly Report on Form 10-Q

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2 years ago

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ORLANDO, Fla., Jan. 31, 2025 /PRNewswire/ — VOXX International Corporation (NASDAQ: VOXX) (“VOXX” or the “Company”), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, as well as strategic joint ventures including biometrics, today announced that it received a notice dated January 28, 2025 (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”), stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended November 30, 2024 (the “Quarterly Report”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (“SEC”). The Notice has no immediate effect on the listing of the Company’s shares on Nasdaq.

As previously reported in its Form 12b-25 filed with the SEC on January 10, 2025, the Company was not able to file its Quarterly Report on Form 10-Q for the period ended November 30, 2024 (the “Quarterly Report”) within the prescribed time period.

On December 17, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Gentex Corporation, a Michigan corporation (“Gentex”), and Instrument Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Gentex (“Merger Sub”), pursuant to which, on the terms and subject to the conditions of the Merger Agreement, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Gentex. As a result of entry into the Merger Agreement, in connection with its triggering events review, the Company determined that it was necessary to test its goodwill, other intangible assets, and other long-lived assets for impairment. Due to the time necessary to conduct the impairment test, the Company was unable to timely file the Quarterly Report.

Under Nasdaq rules, the Company has 60 calendar days, or until March 31, 2025, to either file the Quarterly Report or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule (the “Compliance Plan”). If the Company does not file the Quarterly Report but submits a Compliance Plan, and Nasdaq accepts the Compliance Plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date, or until July 14, 2025, to file the Quarterly Report and regain compliance. If Nasdaq does not accept the Company’s Compliance Plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.

The Company intends to file the Quarterly Report within the 60-day period described above.

About VOXX
VOXX International (NASDAQ: VOXX) has grown into a worldwide leader in the Automotive Electronics and Consumer Electronics industries. Over the past several decades, VOXX has built market-leading positions in in-vehicle entertainment and automotive security, as well as in a number of premium audio market segments, and more. VOXX is a global company, with an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and many of the world’s leading automotive manufacturers. For additional information, please visit our website at www.voxxintl.com.

Safe Harbor Statement
Except for historical information contained herein, statements made in this release constitute forward-looking statements and thus may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements: (i) the Company’s inability to file the Quarterly Report by March 31, 2025, and in such event, Nasdaq not accepting the Company’s plan to regain compliance with Nasdaq Listing Rule 5250(c)(1), (ii) the risk that the proposed merger may not be completed in a timely manner or at all, which may adversely affect the Company’s business and the price of its shares of common stock, (iii) other factors described under Risk Factors in our most recent Form 10-K and other filings made by the Company from time to time with the SEC, as such descriptions may be updated or amended in any future reports the Company files with the SEC.

Investor Relations Contact:
Glenn Wiener, President & CEO
GW Communications (for VOXX)
Email: gwiener@gwcco.com

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SOURCE VOXX International Corporation

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Technology

StarHub Powers Up Its Network with 5G+

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47 minutes ago

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September 1, 2026

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Get more with wider coverage and up to four times faster speeds indoors and underground

SINGAPORE, Sept. 1, 2026 /PRNewswire/ — StarHub has launched 5G+, powered by the deployment of 700MHz spectrum to give customers a strong, more consistent network experience. Available across every StarHub 5G mobile plan, 5G+ gives customers more from their connectivity in the places where they need it most.

From office towers and crowded malls to basements, car parks and live events, some of the places where customers rely most on their network are also where connectivity are most tested. With 700MHz reaching deeper into buildings and harder-to-reach spaces, 5G+ delivers wider coverage and speeds of up to four times faster indoors and underground, helping customers stay connected as they move through their day.

Existing customers on StarHub 5G mobile plans will get 5G+ automatically, while new customers will get it from day one. With 5G+ across every StarHub 5G mobile plan, customers can get more from their network, whichever plan they choose.

For enterprises, 5G+ provides more dependable connectivity for critical teams and operations. With StarHub’s Enterprise Priority Services, organisations can also prioritise network access for key users and workflows when demand is high, helping keep field operations and collaboration tools running when it matters most.

Get More Out of Your Lunchtime at Lau Pa Sat

More coverage, more speed, and now more ice cream. For one day only on 2 September 2026, StarHub is bringing “more” to lunchtime at Lau Pa Sat. From 11.30am to 3pm, diners can enjoy unlimited complimentary ice cream as part of StarHub’s 5G+ launch celebrations. Competitive eater and influencer Zermatt Neo will kick off the fun with a lunchtime eating challenge, livestreamed on TikTok using StarHub’s 5G+ network.

5G+ builds on StarHub’s continued investment in its network and capabilities to give customers a better experience and more from their connectivity, wherever the day takes them.

For more information on StarHub 5G+, visit http://www.starhub.com/5g-plus.

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SOURCE StarHub Ltd

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Hinen at Solar & Storage Live UK 2026: Powering Smarter UK Homes with A15 RESS

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47 minutes ago

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September 1, 2026

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BIRMINGHAM, England, Sept. 1, 2026 /PRNewswire/ — Hinen will exhibit at Solar & Storage Live UK 2026, taking place at the NEC Birmingham from September 22–24, 2026. Visitors can find Hinen at Booth G12B, where the company will showcase its latest energy storage solutions, with the A15 Residential Energy Storage System taking centre stage.

As the UK’s largest solar energy exhibition, Solar & Storage Live UK brings together buyers, installers and industry leaders from across the energy value chain. Hinen will engage with partners and homeowners to explore smarter, more flexible residential energy solutions.

Smarter Energy for Modern UK Homes

As more UK households adopt solar PV, EVs and heat pumps, smart energy storage can help homeowners make better use of renewable energy and reduce reliance on grid electricity.

At the show, Hinen will highlight the A15 RESS, combining an A-series hybrid inverter with the B15 high-voltage battery. The system offers 14.4 kWh of storage per battery, up to 86.4 kWh of total capacity, 8,000+ cycles and an ultra-slim 180 mm design. Its smart energy management capabilities help homeowners optimise when to store and use energy, supporting greater energy independence and flexibility.

Comprehensive Energy Solutions

At the event, Hinen will also showcase a range of solutions tailored to different energy needs:

A Series H6S: 3.6–6kW single-phase all-in-one system for small homes.A Series H25T: 10–25kW three-phase all-in-one system for larger homes and small commercial applications.H6000-EU + B5000D-W: Flexible low-voltage solution for everyday home energy needs.H6000S + B5000D-W: Reliable Low-voltage solution with parallel function.E2400S + E2560B: 2400W balcony energy storage for space-constrained homes.PU1800 & PS3000: Portable power for travel, outdoor use and backup.

Visit Hinen at Booth G12B, NEC Birmingham, September 22–24, 2026, to discover the A15 and Hinen’s latest energy solutions.

About Hinen

Hinen is an energy storage technology company backed by more than 20 years of manufacturing experience from Hinen Group. Listed on the Shenzhen Stock Exchange (stock code: 300787), Hinen develops residential energy storage solutions including battery systems, hybrid inverters and intelligent energy management technologies. With offices and service teams across Europe, the UK, Australia and Africa, Hinen provides localised support to customers and partners worldwide.

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GOFO Deploys Automated Narrow-Belt Sorter at Rome Hub, Lifting Southern Italy Capacity by 40%

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47 minutes ago

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September 1, 2026

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ROME, Sept. 1, 2026 /PRNewswire/ — GOFO, a fast-growing, technology-driven last-mile delivery provider, today announced that its Rome sorting center has officially entered full production with a new automated narrow-belt sorting system featuring integrated singulation technology. The system began trial operation in May 2026 and, following more than three months of stable performance, is now fully operational, lifting the hub’s overall efficiency by 40%.

The linear narrow-belt sorter’s integrated singulation technology automatically separates overlapping parcels before they enter the sort loop. Because the system relies on proven mechanical separation rather than AI-based vision recognition, it is designed to deliver consistent throughput day after day, with reliability confirmed during the trial period and now carried into full production ahead of the autumn peak season.

The system has a design capacity of 6,500 parcels per hour and 120 sorting chutes, providing routing coverage across southern Italy, including Bari, Catanzaro, Naples and surrounding areas. It integrates dimensioning and weighing in a single pass, with volume accuracy of ±10 mm and weighing accuracy of ±20 g. Around 80% of the sorting process is now automated, with manual handling limited to loading and exception processing.

“The Rome hub is our primary gateway to southern Italy, and this upgrade ensures we can meet the growing demand from our e-commerce partners without compromising on speed or accuracy,” said Jacqueline Chan, General Manager of GOFO Italy. “As we head into peak season, this investment gives us the reliability and sufficient processing capacity our customers need across the south.”

About GOFO

GOFO, founded in the United States in 2023, is a technology-driven last-mile logistics network serving merchants and consumers across the U.S., Canada, France, the Netherlands, Italy and Spain. Guided by the brand philosophy “Drive Efficiency, Deliver Trust,” GOFO combines advanced technology with localized operations to deliver precise, reliable, and scalable delivery solutions. Operating nationwide through sorting centers and delivery centers across the country, GOFO Italy serves a broad population with high-performance last-mile delivery solutions. Its operations are powered by automated sorting, intelligent routing, and disciplined execution. For more information, please visit www.gofo.com/it.

Media Contact:

Email: branding.eu@gofo.com

Website: www.gofo.com/it

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