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PicoCELA Reports Higher Revenue and Lower Net Loss for the Fiscal Year Ended September 30, 2024

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40% YoY Increase in Revenue and 23% YoY Decrease in Net Loss

TOKYO, Feb. 18, 2025 /PRNewswire/ — PicoCELA Inc. (“PicoCELA” or the “Company,”) (Nasdaq: PCLA), a Tokyo-based provider of enterprise wireless mesh solutions, today announced its financial results for the fiscal year ended September 30, 2024.

Recent Operational Highlights:
40% year-over-year (“YoY“) growth in revenue, which was primarily caused by a 34% YoY increase in the Company’s enterprise wireless Wi-Fi equipment business, while the Company’s supplemental businesses of software-as-a-service and maintenance service also grew by 69% YoY. The Company’s revenue growth in sales of its enterprise Wi-Fi equipment was due to recovery of its equipment production from the supply chain disruption caused by the shortage of Wi-Fi chips, which was a result of the sharp growth in the demand for Wi-Fi chips in the post-COVID-19 recovery of the global economy.

Management Commentary
“This past year was a pivotal year for PicoCELA to resume its growth track,” said chief executive officer and founder, Hiroshi Furukawa, Ph.D. “We achieved record revenue, and this is a good indication that the recognition of our technology and our products has been growing in the Japanese market. We are also hoping that our recent initial public offering on Nasdaq in the U.S. securities market will help increase global recognition of PicoCELA.”

Fiscal Year 2024 Financial Results:

Revenue increased by 40% to $5.5 million (¥784,403 thousand) for the fiscal year ended September 30, 2024, compared to $3.9 million (¥559,521 thousand) for the prior fiscal year. The increase was primarily due to increased revenue from product equipment.

Cost of revenue increased by 24.5% to $2.5 million (¥361,202 thousand) for the fiscal year ended September 30, 2024, compared to $2.0 million (¥290,090 thousand) for the prior fiscal year, reflecting the higher direct costs associated with the higher revenue during the fiscal year ended September 30, 2024.

Selling, general, and administrative expenses were $6.1 million (¥870,385 thousand) for the fiscal year ended September 30, 2024, compared to $6.3 million (¥897,965 thousand) for the prior fiscal year. The decrease was primarily due to efficient marketing spending.

Net loss was $3.4 million (¥479,921 thousand) for the fiscal year ended September 30, 2024, compared to $4.4 million (¥633,956 thousand) for the prior fiscal year. The decrease was primarily due to an increase in the aforementioned revenue.

As of September 30, 2024, cash and cash equivalents were $3.2 million (¥456,775 thousand).  Upon the closing of the Company’s recent initial public offering on January 17, 2025, PicoCELA received net proceeds of US$5.0 million (¥716,250 thousand).

* (Conversion Rate ¥143.25 – USD $1.00)

For more information regarding PicoCELA’s financial results, including financial tables, please see the Company’s Form 20-F (File No. 001-42470) for the year ended September 30, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s SEC filings can be found on the SEC’s website at https://www.sec.gov/.

About PicoCELA Inc.
PicoCELA is a Tokyo-based provider of enterprise wireless mesh solutions, specializing in the manufacturing, installation, and services of mesh Wi-Fi access point devices. PicoCELA Backhaul Engine, the Company’s proprietary patented wireless mesh communication technology software, eliminates the need for extensive LAN cabling and enables flexible and easy installation of Wi-Fi network devices. PicoCELA also offers a cloud portal service, PicoManager, which allows users to monitor connectivity and communication traffic, as well as install edge-computing software on the Company’s PCWL mesh Wi-Fi access points.

Cautionary Note Regarding Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of our SEC filings. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

PicoCELA Investor Contact
global@picocela.com

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SOURCE PicoCELA Inc.

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Mahoney Environmental Customers and Theft Prevention Team Help Lead to Nine Arrests in Three States in Under a Month

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WOODRIDGE, Ill., Nov. 4, 2026 /PRNewswire/ — Mahoney Environmental, a leading used cooking oil (UCO) recycler, today shares that its Grease Theft Rewards Program and Theft Prevention Team supported four recent incidents in three states that resulted in nine arrests in under a month.

Recent Incidents

Cranston, R.I. (Sept. 11): Police made two arrests after locating a suspect vehicle at PJ’s Pub. About 100 gallons of UCO were taken. Mahoney’s Sales and Theft Prevention teams collaborated on the case.Plymouth, Ind. (Sept. 17): A King Gyros owner spotted a truck stealing UCO on camera and called dispatch. When the truck returned, police arrested two men.Evansville, Ind. (Sept. 29): Officers responded to a theft in progress and found roughly 300 gallons of UCO in the suspects’ van. Two men were charged.Beverly, Mass. (Oct. 10): A neighbor alerted a business owner, who watched surveillance footage and called police. Officers made three arrests.

Why Quick Reporting Matters

Annually, UCO theft costs restaurants and recyclers millions of dollars, and thieves can empty a container in minutes. In each case, someone noticed something wrong and acted.

“Restaurant owners have enough to worry about without wondering if their oil is safe overnight. That’s why every Mahoney customer is eligible for a reward when their tip leads to an arrest and/or conviction. We want customers to know that speaking up is worth it, and that we have their backs,” said Beau Mega, SVP of Sales and Marketing, Mahoney Environmental.

How the Program Works

Mahoney’s dedicated Theft Prevention Team works closely with law enforcement and customers to identify and prosecute UCO thieves. All customers are eligible for cash rewards, and rewards vary between misdemeanor and felony convictions and are granted per vehicle. To report a theft or learn more, visit the Mahoney Environmental Grease Theft Rewards Program.

All individuals arrested are presumed innocent until proven guilty.

About Mahoney Environmental

Founded in 1953, Mahoney Environmental helps food service operators nationwide recycle used cooking oil, enabling nearly 100% material recovery at all facilities. In 2020, Neste (HEL: NESTE) acquired Mahoney Environmental, strengthening the global supply chain for sustainable aviation fuel and renewable diesel production. Mahoney is a licensed EPA and ISCC Certified recycler committed to creating a safer planet for future generations.

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SOURCE Mahoney Environmental

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Getwebcraft Limited launches MakeCalligraphy for creative lettering and text design

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MakeCalligraphy offers free tools for decorative lettering, signatures, monograms, and handwritten pages for personal projects and business use.

NICOSIA, Cyprus, Nov. 4, 2026 /PRNewswire-PRWeb/ — Getwebcraft Limited has launched MakeCalligraphy, a collection of free online tools for creating lettering for personal projects, business communications, and event stationery. The site lets users turn their own words into styled text images, compare fonts, and download lettering for use in digital designs and print layouts.

Getwebcraft Limited has launched MakeCalligraphy, a collection of free online tools that lets users turn their own words into styled text images, compare fonts, and download lettering for use in digital designs and print layouts.

The collection includes calligraphy, cursive, and decorative font generators, signature and monogram makers, and a tool for turning typed text into handwritten pages. Users can explore styles such as brush, gothic, graffiti, tattoo, manga, and comic lettering for branding, social media graphics, invitations, stationery, and personalized gifts. Below is a spotlight on five tools from MakeCalligraphy’s wider collection for lettering and text design.

Calligraphy and cursive generator for names, messages, and branding

The calligraphy and cursive generator turns names, quotes, slogans, and other short text messages into lettering using handwritten, cursive, and script fonts. Users can compare their text in several fonts before choosing a version and adjusting its size, color, line height, and alignment.

Background options include transparent and colored fills, allowing the exported lettering to fit different layouts. Users can turn a name into cursive lettering, style a quote for a social media graphic, or create a calligraphy heading for a website. Downloads are available as PNG images or scalable SVG files, without watermarks.

Signature generator with typing and drawing options

The signature generator gives users two ways to create a signature image. They can type a name and compare handwritten font styles, or draw their own signature with a mouse, finger, or stylus.

For drawn signatures, pen styles and settings let users adjust the appearance of existing strokes, including their size and color. Depending on the selected pen, controls also support changes to smoothing, stroke contrast, and tapered endings. Users can compare finishes on the same drawing before downloading it.

Transparent PNG files can be placed in compatible email or document editors. SVG files provide scalable artwork for compatible design software. Uses include personal website signoffs, artwork credits, and names added to letters or presentation slides.

Wedding text generator for invitations and stationery

The wedding text generator helps users compare names, dates, and short phrases in wedding calligraphy, script, and handwritten fonts. They can adjust text size, colors, line spacing, and alignment, then download the lettering for use in their own invitation or stationery layout.

Couples and event planners can use the same lettering style across invitation headings, guest place cards, menus, welcome signs, and thank you notes. Transparent backgrounds allow the lettering to sit over a photograph or colored design, while SVG downloads can be scaled in compatible software for larger printed signs. Users supply the wording and assemble the finished design in their chosen application.

Monogram maker for initials and personal designs

The monogram maker combines initials, fonts, and frames for personal or wedding monograms. Users can start with a preset, adjust individual letters, and change the colors and background. Designs can be downloaded as PNG images or scalable SVG files for use on invitations, stationery, and other personal designs.

Text to handwriting for notes and letters

The text to handwriting tool turns typed passages into pages styled with handwriting fonts. Users can choose paper formats, adjust margins and line spacing, and set ink and paper colors. Longer text flows across multiple pages. The tool exports a complete document as a PDF or the current page as a PNG, allowing users to prepare notes and letters for printing or sharing.

All the MakeCalligraphy tools work directly in a browser without requiring an account.

About MakeCalligraphy

MakeCalligraphy is a collection of free online tools for calligraphy, signatures, decorative lettering, and other text design projects. Its tools work in a browser and help users style their own text for personal and business projects. MakeCalligraphy is developed by Getwebcraft Limited.

Media Contact

Giorgia Mangoni, Getwebcraft Limited, 39 3402200119, giorgia.mangoni@getsitecontrol.com

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SOURCE Getwebcraft Limited

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Harvard students win the 2026 James Dyson Award’s Global Medical category for Rumble Rims, a breakthrough concussion-screening headset

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BOSTON, Nov. 4, 2026 /PRNewswire/ — Rumble Rims, a low-cost headset designed to bring objective concussion screening to the sidelines, has won the Global Medical category of the 2026 James Dyson Award. Created by Harvard University students Cleo Pontone, Radhika Saran and Sophia DeVito, the U.S. invention uses infrared eye-tracking to help identify possible neurological impairment when critical decisions must be made. The team will receive $40,000 to accelerate development of the technology.

Rumble Rims has won the 2026 James Dyson Award’s Global Medical category. Selected by Sir James Dyson, the Harvard team’s invention addresses one of sports’ most urgent safety challenges: recognizing a possible concussion quickly and objectively before an athlete returns to play.

The honor places Rumble Rims among the world’s most promising student inventions. Since 2005, the James Dyson Award has supported more than 400 student inventions worldwide with $2 million in prize money. This year, 2,294 entries were submitted by emerging engineers across 28 countries and regions—the highest number in the competition’s history.

James Dyson on Rumble Rims: “All too often, we hear of those having accidents involving head injuries, particularly amongst athletes, and suffering the consequences later in life. Yet spotting concussion is complex, requiring specialist equipment and hospital expertise, so screening isn’t always done when it should be. Cleo, Radhika and Sophia have found a new way to bring objective screening to the sidelines, where the critical decisions are made. It could help prevent the lasting brain injuries that affect so many sportsmen and women.”

2026 Global Medical Winner – Rumble Rims, invented by Cleo Pontone, Radhika Saran and Sophia DeVito

A critical challenge in sports

Concussion is a serious concern at every level of sports, from youth leagues to elite competition. When it goes unrecognized and an athlete continues to play, the risk of further brain injury can increase. Yet concussion can be difficult to identify in the moment because symptoms differ from person to person and may take up to 72 hours to appear.

Objective assessment technologies are available, but many are expensive, clinic-based or dependent on specialist expertise. That can leave schools, youth leagues and grassroots teams relying heavily on subjective sideline judgment precisely when fast, informed decisions matter most.

A winning solution built for the sidelines

Harvard University students Cleo Pontone, Radhika Saran and Sophia DeVito developed Rumble Rims to help close that gap. Their low-cost infrared eye-tracking headset is designed to bring objective concussion screening to the sidelines, placing potentially valuable neurological insight closer to athletes, coaches and trainers at the moment of concern.

During a two- to three-minute test, infrared cameras measure how an athlete’s eyes follow, fixate and move—behaviors that can provide an objective indication of neurological impairment. A mobile display translates those measurements into real-time guidance to help inform whether an athlete should be removed from play and referred for professional medical assessment.

Rumble Rims extends beyond the initial sideline screening. Its recovery dashboard enables repeat testing over time, creating an objective record that athletes, families and clinicians can use to monitor progress before returning to play. The system is intended as a screening tool, not a diagnostic device; return-to-play decisions remain under the direction of a qualified healthcare professional.

The team moved through prototypes involving helmets, mouthguards and chin rests before developing the current headset, which uses side-mounted infrared cameras and 45-degree dichroic mirrors. Feedback from medical professionals and coaches informed the design throughout. With support from the James Dyson Award, the team plans to build and test a higher-fidelity prototype, refine the eye-movement assessment and validate Rumble Rims with athletes, coaches, trainers and medical advisers. Their longer-term ambition is to pilot the technology with schools and youth sports programs and pursue medical device validation.

On winning the James Dyson Award, Cleo, Radhika and Sophia said: “The recognition from the James Dyson Award validates our belief that we don’t have to accept problems as they stand today. Concussions in youth sports have become something we treat as routine, despite their long-term neurological impact. We can challenge norms like this one and design a more usable, accessible world where technology reaches people when they need it most, not after the damage is done. This award gives us an incredible opportunity to progress towards pilots that could put Rumble Rims on every sideline.”

Shuya Gong, Faculty of Master’s in Design Engineering at Harvard, said: “What impressed me most about Cleo, Sophia, and Radhika was how, through rapid prototyping and curious experimentation, they found elegant ways to test ambitious ideas while holding themselves to the conviction that their solution should be affordable and easy to use, whether on the sidelines or at home. Rumble Rims is a fantastic collision of designing for care and engineering rigor.”

James Dyson Award

The James Dyson Award is an international design competition that inspires and celebrates the next generation of design engineers. Now in its 21st year, the Award has supported more than 400 problem-solving inventions with over $2.3m in prize money. It operates across 28 countries and regions and is run by the James Dyson Foundation, Sir James Dyson’s engineering-education charity.

James Dyson Foundation

The James Dyson Foundation, established in the UK in 2002, now supports design, technology and engineering education programs not only in the UK but also in countries around the world, including the United States, Japan, Singapore, the Philippines and Malaysia. To date, James Dyson and the James Dyson Foundation have donated more than $210 million to charitable causes. This includes a $16 million donation to establish the Dyson School of Design Engineering at Imperial College London, an $11 million donation to support the creation of the Dyson Centre for Engineering Design and the James Dyson Building at the University of Cambridge and finally, a $10.5 million donation to fund Malmesbury Primary School’s STEAM Center and expansion project.

1 Sarmiento, K., Thomas, K. E., Daugherty, J., Waltzman, D., Haarbauer-Krupa, J. K., Peterson, A. B., Haileyesus, T., & Breiding, M. J. (2019). Emergency department visits for sports- and recreation-related traumatic brain injuries among children — United States, 2010–2016 . MMWR Morbidity and Mortality Weekly Report, 68(10), 237–242.
2 DePadilla, L., Miller, G. F., Jones, S. E., Peterson, A. B., & Breiding, M. J. (2018). Self-reported concussions from playing a sport or being physically active among high school students — United States, 2017 . MMWR Morbidity and Mortality Weekly Report, 67(24), 682–685.
3 Centers for Disease Control and Prevention. Responding to a sports-related concussion; and Centers for Disease Control and Prevention. Returning to sports. CDC HEADS UP.
4 Eye-movement and ocular biomarker research, including Murray et al. Smooth pursuit and saccades after sport-related concussion; and Carrick et al. The pupillary light reflex as a biomarker of concussion.

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SOURCE Dyson

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