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Mynd Announces Fiscal Year 2024 Results

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2 years ago

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Highlights Include Sale of a Non-strategic Business Unit, Significant Reduction of Debt, and Implementation of a Share Repurchase Program to Strengthen the Company and Enhance Long Term Shareholder Value 

SEATTLE, March 26, 2025 /PRNewswire/ — Mynd.ai, Inc. (the “Company” or “Mynd”) (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2024.

Revenue of $267.4 million for the full year, compared to $411.8 million in the prior year with the decrease primarily driven by the headwinds in the overall education market due to normalization to pre-pandemic levels

Gross Margin improved 40 basis points versus 2023 to 24.8%, largely due to optimization of cost of materials, warranty, and freight costs

Operating loss improved by $8.0 million to $38.0 million, as compared to $46.0 million in 2023

Net loss from continuing operations, before income taxes totaled $35.7 million, a $12.7 million improvement compared to 2023

Cash balance at year-end of $75.3 million, compared to $87.8 million in 2023

Reduced outstanding indebtedness at year-end by $21.0 million

Repurchased 151,923 American Depositary Shares, representing 1,519,230 ordinary shares, pursuant to our share repurchase program

“We are very pleased with the progress our team made during 2024, our first full year as a public company,” said Vin Riera, Chief Executive Officer. “We feel that completing the sale of our non-strategic early childhood development business unit in October 2024, paying down debt, optimizing our cost structure, and initiating a share repurchase program were all meaningful steps towards strengthening our company. Despite a number of industry-wide challenges in the education sector stemming from inflation, threat of tariffs and uncertainty around Federal funding for education, we were able to capitalize on our brand loyalty, significant install base of over one million classrooms and strong distributor and partner network to maintain our strong market presence.”  

Arthur Giterman, Chief Financial Officer, added, “Our financial performance in 2024 reflects our commitment to improving operational efficiency to help combat significant industry headwinds impacting our interactive flat panel display business. Year over year, the Company made improvements in our gross margin and significantly reduced both our operating loss as well as our net loss from operations. Although we expect economic headwinds to continue during 2025, we are actively responding by continuing to optimize our operating cost structure, enhancing our go-to-market strategy and expanding our portfolio of product offerings. We are excited about the warm reception that our recently launched ActivPanel 10 and its modular infrastructure has received, and believe that providing our customers with the ability to select their preferred operating system will better position the Company to more effectively compete in the market.”

Forward-Looking Statements

This press release contains “forward-looking statements,” as defined by federal securities laws. Forward-looking statements reflect Mynd’s current expectations and projections about future events at the time and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “optimistic,” and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in Mynd’s Annual Report on Form 20-F, filed with the SEC on March 26, 2025, as such factors may be updated from time to time in Mynd’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Mynd’s filings with the SEC. While forward-looking statements reflect Mynd’s good faith beliefs, they are not guarantees of future performance. Mynd disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Mynd (or to third parties making the forward-looking statements).

Discussion of non-GAAP Financial Measures

We believe that providing non-GAAP (“Generally Accepted Accounting Principles”) information to investors, in addition to the GAAP presentation, allows investors to view the financial results in the way management views the operating results. We further believe that providing this information allows investors not only to better understand our financial performance, but more importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance. The non-GAAP information included in this press release should not be considered superior to, or a substitute for, financial statements prepared in accordance with GAAP.

We utilize a number of different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of the business, for making operating decisions and for forecasting and planning for future periods. Our annual financial plan is prepared both on a GAAP and non-GAAP basis, and the non-GAAP annual financial plan is approved by our board of directors. Continuous budgeting and forecasting for revenue and expenses are conducted on a consistent non-GAAP basis, in addition to GAAP, and actual results on a non-GAAP basis are assessed against the non-GAAP annual financial plan. In addition, and as a consequence of the importance of these measures in managing the business, we use non-GAAP measures and results in the evaluation process to establish management’s compensation. For example, our annual bonus program payments are based in part upon the achievement of consolidated revenue and Adjusted EBITDA targets.

About Mynd.ai, Inc.

Seattle-based Mynd is a global leader in interactive technology offering best-in-class hardware and software solutions that help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Our award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. Our global distribution network of more than 4,000 reseller partners and our dedicated sales and support teams around the world enable us to deliver the highest level of service to our customers.

Financial Tables Follow

 

Mynd.ai. Inc.
CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars, except share and per share data, or otherwise noted)

As of December 31,

2024

2023

ASSETS

Current assets:

Cash and cash equivalents

$               75,317

$               87,804

Accounts receivable, net of allowance for credit losses of $211 and $2,599, respectively

30,506

63,736

Inventories

28,638

53,944

Prepaid expenses and other current assets

11,601

14,408

Due from related parties

1,561

1,683

Current assets of discontinued operations

—

5,590

Total current assets

147,623

227,165

Non-current assets:

Goodwill

44,130

44,928

Property, plant, and equipment, net

14,595

7,037

Intangible assets, net

39,521

43,700

Right-of-use assets

3,448

2,413

Deferred tax assets, net

34

58,035

Other non-current assets

3,268

1,810

Non-current assets of discontinued operations

—

21,949

Total non-current assets

104,996

179,872

Total assets

$             252,619

$             407,037

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$               40,485

$               59,138

Accrued expenses and other current liabilities

45,959

49,134

Loans payable, current

10,931

31,942

Contract liabilities

11,281

14,004

Accrued warranties

15,749

17,871

Lease liabilities, current

1,047

1,618

Due to related parties

4,621

5,061

Current liabilities of discontinued operations

—

7,404

Total current liabilities

130,073

186,172

Non-current liabilities:

Loans payable, non-current

58,077

64,859

Loans payable, related parties, non-current

5,006

4,670

Contract liabilities, non-current

18,581

21,762

Lease liabilities, non-current

2,761

1,030

Deferred tax liabilities

9,756

—

Non-current liabilities of discontinued operations

—

7,950

Total non-current liabilities

94,181

100,271

Total liabilities

224,254

286,443

Shareholders’ equity:

Ordinary shares par value of $0.001; 990,000,000 shares authorized. 456,477,820
shares issued and 454,958,590 shares outstanding as of December 31, 2024.
456,477,820 shares issued and outstanding as of December 31, 2023.

 

10,000,000 shares, $0.001 par value, without designation; none authorized, issued
and outstanding as of December 31, 2024 and 2023.

456

456

Treasury shares, at cost, 1,519,230 and none shares, respectively

(342)

—

Additional paid-in capital

479,480

473,590

Accumulated other comprehensive income

3,344

3,513

Accumulated deficit

(454,573)

(358,854)

Total Mynd.ai, Inc. shareholders’ equity

28,365

118,705

Non-controlling interest

—

1,889

Total shareholders’ equity

28,365

120,594

Total liabilities and shareholders’ equity

$             252,619

$             407,037

 

Mynd.ai. Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars, except share and per share data, or otherwise noted)

Year Ended December 31,

2024

2023

2022

Revenue

$             267,381

$             411,757

$             584,684

Cost of revenue

201,140

311,272

443,598

Gross profit

66,241

100,485

141,086

Operating expenses, net:

General and administrative

33,427

30,964

34,608

Research and development

25,253

34,604

41,459

Sales and marketing

42,115

51,477

60,848

Transaction-related costs

—

19,288

502

Restructuring

3,484

10,195

238

Total operating expenses

104,279

146,528

137,655

Operating (loss) income

(38,038)

(46,043)

3,431

Other income (expense):

Interest expense

(10,371)

(4,658)

(1,833)

Interest income

2,659

223

6

Gain on embedded derivative

11,389

432

—

Gain on forgiveness of debt

—

—

4,923

Other (expense) income

(1,384)

1,598

591

Total other income (expense)

2,293

(2,405)

3,687

Net (loss) income from continuing operations, before income taxes

(35,745)

(48,448)

7,118

Income tax (expense) benefit

(68,732)

9,658

25,982

Net (loss) income from continuing operations

(104,477)

(38,790)

33,100

Income (loss) from discontinued operations, net of tax

8,725

(605)

(12,637)

Net (loss) income

(95,752)

(39,395)

20,463

Net (loss) income from continuing operations attributable to non-
controlling interests

—

—

—

Net (loss) income from discontinued operations attributable to
non-controlling interests

(33)

33

—

Net (loss) income attributable to non-controlling interests

(33)

33

—

Net (loss) income from continuing operations attributable to
ordinary shareholders

(104,477)

(38,790)

33,100

Net income (loss) from discontinued operations attributable to
ordinary shareholders

8,758

(638)

(12,637)

Net (loss) income attributable to ordinary shareholders

$             (95,719)

$             (39,428)

$               20,463

Net (loss) income per ordinary share

From continuing operations: Basic and Diluted

$                (0.23)

$                (0.09)

$                  0.08

From discontinued operations: Basic and Diluted

$                  0.02

$                (0.00)

$                (0.03)

Total basic and diluted

$                (0.21)

$                (0.09)

$                  0.05

Weighted average shares outstanding used in calculating net (loss)
income per share: Basic and diluted

456,471,923

427,986,755

426,422,220

 

Mynd.ai. Inc.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(in thousands)

Year Ended December 31,

2024

2023

2022

Net (loss) income

$             (95,752)

$             (39,395)

$               20,463

Other comprehensive (loss) income, net of tax of nil:

Change in foreign currency translation reserve

497

(1,033)

(3,367)

Release of foreign currency translation reserve to net loss as a
result of disposition

(566)

—

—

Total comprehensive (loss) income

(95,821)

(40,428)

17,096

Less: comprehensive income attributable to non-controlling
interest

67

33

—

Comprehensive (loss) income attributable to Mynd.ai Inc.

$             (95,888)

$             (40,461)

$               17,096

 

Mynd.ai. Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Year Ended December 31,

2024

2023

2022

CASH FLOWS FROM OPERATING ACTIVITIES:

Net (loss) income

$              (95,752)

$              (39,395)

$                20,463

(Income) loss from discontinued operations, net of tax

(8,725)

605

12,637

Net (loss) income from continuing operations

(104,477)

(38,790)

33,100

Adjustments to reconcile net (loss) income from continuing operations to net
cash (used in) provided by operating activities:

Depreciation and amortization

5,698

4,973

4,520

Deferred taxes

67,669

(10,828)

(25,982)

Non-cash lease expense

1,737

1,958

1,818

Non-cash interest expenses

4,844

325

—

Gain on forgiveness of debt

—

—

(4,923)

Share-based compensation

3,698

—

—

Amortization of RDEC credit

(1,182)

(839)

(460)

Accrued tax credit RDEC

—

(1,732)

—

Change in fair value of derivative liability

(11,389)

(432)

—

Increase in inventory provision

—

4,630

3,951

Write-off of prepaid subscriptions

—

5,668

—

Other

90

71

30

Change in operating assets and liabilities:

Accounts receivable

33,365

(679)

25,346

Inventories

25,251

54,734

(20,003)

Prepaid expenses and other assets

1,270

(5,482)

701

Prepaid subscriptions

—

1,632

(7,300)

Due from related parties

533

482

(4,376)

Accounts payable

(17,675)

(23,651)

(1,820)

Accrued expenses and other liabilities

(2,439)

(1,329)

(10,225)

Accrued warranties

(2,037)

3,883

3,266

Due to related parties

1,491

1,083

3,469

Contract liabilities

(5,743)

6,966

7,779

Lease obligations – operating leases

(1,579)

(1,903)

(2,084)

Net cash (used in) provided by operating activities – continuing operations

(875)

740

6,807

Net cash provided by (used in) operating activities – discontinued operations

1,661

(3,098)

(12,079)

Net cash provided by (used in) provided by operating activities

786

(2,358)

(5,272)

CASH FLOWS FROM INVESTING ACTIVITIES:

Acquisition of property, plant and equipment

(1,283)

(389)

(829)

Internal-use software development costs

(8,465)

(4,434)

(1,028)

 Repayment (issuance) of loan receivable, related party

—

8,019

(7,919)

Proceeds from disposition of GEH Singapore

20,000

—

—

Acquisition of businesses, net of cash

—

10,375

(6,000)

Net cash provided by (used in) investing activities – continuing operations

10,252

13,571

(15,776)

Net cash used in investing activities – discontinued operations

(5,942)

5,763

—

Net cash provided by (used in) investing activities

4,310

19,334

(15,776)

CASH FLOWS FROM FINANCING ACTIVITIES:

Repayment of Revolver

(38,000)

(80,300)

(49,305)

Debt issuance costs paid

(90)

—

—

Proceeds from Revolver

17,000

62,000

63,000

Proceeds from convertible note

—

64,884

—

Contingent consideration payments

(1,007)

(2,174)

—

Repayment of Paycheck Protection Program Loan

(192)

(192)

(5)

Repayment of NetDragon group loans

—

—

(3,210)

Proceeds from NetDragon group loans

—

219

869

Share repurchase

(342)

—

—

Net cash (used in) provided by financing activities – continuing operations

(22,631)

44,437

11,349

Net cash provided by financing activities – discontinued operations

—

—

—

Net cash (used in) provided by financing activities

(22,631)

44,437

11,349

Net change in cash

(17,535)

61,413

(9,699)

Cash and cash equivalents, beginning of year

91,784

29,312

40,508

Exchange rate effects

1,068

1,059

(1,497)

Cash and cash equivalents, end of year

$                75,317

$                91,784

$                29,312

Supplemental disclosure of non-cash investing and financing activities
transactions:

Continuing operations:

Convertible notes issued in exchange for accrued PIK interest

$                  3,309

$                      —

$                      —

Decrease in goodwill due to measurement period adjustments relating to
business acquisition, net

$                  1,228

$                      —

$                      —

Lease assets acquired in exchange for lease liabilities

$                  2,838

$                      —

$                      —

Forgiveness of related party payables

$                  2,412

$                      —

$                      —

Accrued purchase price related to acquisition of businesses

$                      —

$                      —

$                  1,688

Accrued value of earnout related to acquisition of businesses

$                      —

$                      —

$                    377

Noncash consideration transferred for acquisition of businesses

$                      —

$                22,848

$                      —

Discontinued operations:

Lease assets acquired in exchange for lease liabilities

$                  5,044

$                      —

$                      —

Supplemental disclosure of cash transactions:

Cash paid for interest

$                  5,387

$                  5,223

$                      —

Cash received for tax refunds, net

$                  1,397

$                    914

$                    969

Cash flows are presented on a consolidated basis and cash and cash equivalents presented in current assets of discontinued operations in the consolidated balance sheets as of December 31, 2023 were $3,980.

Mynd.ai. Inc.
SUPPLEMENTAL FINANCIAL INFORMATION
Reconciliation of Net Income to Adjusted EBITDA
(in thousands)

Year Ended December 31,

2024

2023

2022

(in thousands)

Net (loss) income

$            (95,752)

$            (39,395)

$             20,463

(Income) loss from discontinued operations, net of tax

(8,725)

605

12,637

Interest expense

10,371

4,658

1,833

Interest income

(2,659)

(223)

(6)

Income tax expense (benefit)

68,732

(9,658)

(25,982)

Depreciation and amortization

5,698

4,973

4,520

Share-based compensation

3,698

—

—

Gain on embedded derivative

(11,389)

(432)

—

Other expense (income), net

1,384

(1,598)

(591)

Transaction-related costs(1)

—

19,288

502

Restructuring costs(2)

3,484

10,195

238

Litigation costs and penalties(3)

1,021

405

1,046

Gain on forgiveness of debt(4)

—

—

(4,923)

Adjusted EBITDA

$            (24,137)

$            (11,182)

$                9,737

(1) Transaction-related costs are non-recurring costs related to one or more acquisitions.

(2) Refers to employee severance costs, contract termination costs, facility restructuring, and business restructuring efforts undertaken by management.

(3) Refers to costs incurred to defend against, opportunistically settle, and establish a reserve for claims associated with litigation, as well as any related penalties incurred for such litigation.

(4) Refers to forgiveness of loan provided by the U.S. Small Business Administration provided under the Payroll Protection Program (PPP).

 

View original content:https://www.prnewswire.com/news-releases/mynd-announces-fiscal-year-2024-results-302411370.html

SOURCE Mynd.ai

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ASTRI Showcases Pioneering Technologies at InnoCarnival 2026

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27 minutes ago

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October 24, 2026

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Driving Technology Adoption, Shaping a Vision for the Future

HONG KONG, Oct. 24, 2026 /PRNewswire/ — The Hong Kong Applied Science and Technology Research Institute (ASTRI) is proud to present a range of cutting-edge technologies and practical solutions at this year’s InnoCarnival, spanning communications technology, smart cities, IoT sensing, and renewable energy and energy storage. ASTRI’s innovations address urban development needs and everyday applications, driving diversity in the innovation and technology (I&T) sector.

Organised by the Innovation and Technology Commission of the Hong Kong SAR Government, the InnoCarnival 2026 runs from today through 1 November at Hong Kong Science Park (HKSP) with the theme of “Lead with I&T, Dream to Fly High “, offering the public an opportunity to experience the transformative power and I&T vibrancy.

Ir Dr Ted Suen, Chief Executive Officer of ASTRI, stated: “Innovation is not just about breakthroughs in the lab – it’s about putting technology into practice, empowering industries, and benefiting society as a whole. At ASTRI, we align closely with the government’s priorities in advancing AI development and accelerating new industrialisation. Through our participation in the InnoCarnival, we showcase various state-of-the-art technologies, some of which have been co-developed with industry partners and are already in commercial rollout. These innovations demonstrate the tangible benefits of technology in daily life and inspire the public to explore their curiosity about science and innovation.”

He highlighted the InnoCarnival as a key platform to bridge the I&T community with the public. “This annual landmark event motivates young people to explore their potential and encourages them to pursue careers in Hong Kong’s growing I&T sector,” he added.

ASTRI’s booth (A08), located at the HKSP’s Atrium Link, features interactive games powered by its groundbreaking technologies “5G-SAT Link” and “Omniguard-All-Weather Multispectral Surveillance System” technologies. Visitors can also explore other advanced solutions on display, including the dual-purpose “SafeStop Dual-purpose Impact Dissipation Bollard”, the “Hybrid-Powered Asset Tracker”, and the award-winning “NIR Secure Anti-Counterfeit Solutions”, which received gold award at the prestigious Edison Awards.

1. 5G-SAT Link
ASTRI’s “5G-SAT Link” technology delivers seamless, comprehensive communications coverage—even in remote areas, emergency scenarios where infrastructure is compromised, or at sea and in the air.

2. Omniguard: All-Weather Multispectral Surveillance System
The “Omniguard” is equipped with exceptional fog penetration capabilities, superior contrast, and crystal-clear signal quality. Leveraging its advanced shortwave and longwave infrared sensors, the system can even detect non-metallic vessels that are difficult for radar systems to identify in harsh coastal environments.

3. SafeStop Dual-purpose Impact Dissipation Bollard
Developed by ASTRI, the “SafeStop Bollard” features a unique material design inspired by the retractable claw structure of cats. Its 3D tension-expansion composition allows it to effectively dissipate kinetic energy from moving vehicles, providing dual protection by blocking vehicles while minimising potential harm to occupants. Certified to meet international crash-test standards, the bollard’s shallow foundation design makes it ideal for fast and efficient installation in high-traffic urban locations.

4. Hybrid-Powered Asset Tracker
The “Hybrid-Powered Asset Tracker” enables efficient, real-time management of airport equipment such as baggage carts over extended periods. Supported by the Airport Authority Hong Kong, the tracker is compatible with airport wireless networks and utilises automatic Bluetooth-GPS switching for seamless indoor and outdoor location updates. With a long-lasting battery combined with an efficient, low-light solar panel, the tracker extends its lifespan from under two years to five years.

5. NIR Secure Anti-Counterfeit Solutions
The “NIR Secure Anti-Counterfeit Solutions” offer an innovative authentication system by embedding covert near-infrared (NIR) absorbing materials into product packaging. Users can verify product authenticity instantly using a smartphone, paired with an NIR reader and mobile app. Highly scalable and robust, this solution combats counterfeit goods while preserving the original product design and production workflow. Co-developed with Zhuhai Print-Rite New Materials Corporation Ltd., this technology sets a new benchmark in secure authentication.

Photos Download: https://bit.ly/4iguifh

About ASTRI

Founded in 2000 by the HKSAR Government, Hong Kong Applied Science and Technology Research Institute (ASTRI) is the city’s largest government-funded R&D centre. Committed to transforming high-impact research into practical innovations, ASTRI drives market-driven, interdisciplinary advancements across sectors, including Smart City, FinTech, Digital Health and Life Sciences, New Industrialisation and Intelligent Manufacturing, Application-Specific Integrated Circuits (ASIC) and Advanced Electronics, New Energy and Energy Storage, and Green and ESG Technologies. Following its merger with the Nano and Advanced Materials Institute, ASTRI has further strengthened its capabilities, with over 1,500 patents and 2,200 successful cases of technology transfer. Recognised with numerous international awards, ASTRI continues to nurture top I&T talent and foster collaborations among the I&T ecosystem, contributing to Hong Kong’s high-value economic development. For more information, please visit: https://www.astri.org 

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SOURCE Hong Kong Applied Science and Technology Research Institute (ASTRI)

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Best Magnetic Stand Cases for iPhone 18 Pro & iPhone 18 Pro Max in 2026: TORRAS Recognized as a Top Choice by Expert Consumers

Published

27 minutes ago

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October 24, 2026

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NEW YORK, Oct. 24, 2026 /PRNewswire/ — Expert Consumers has recognized the TORRAS Magnetic Stand Case as a top choice for iPhone 18 Pro and iPhone 18 Pro Max users seeking built-in stand functionality, magnetic accessory support, and everyday convenience. The recognition highlights TORRAS’s Q-series and O-series lineup, including Q3 Spin, O3 Fitness, Q3 Silicone, Q3 Wind, Q3 VegSkin, and Q3 Air Essential.

Best MagSafe Cases:

TORRAS – offers magnetic stand cases with rotating and adjustable viewing mechanisms, support for compatible MagSafe accessories, and different materials and grip designs. Its Ostand lineup provides options for desk work, entertainment, fitness, travel, and everyday smartphone use.

As smartphones become increasingly central to video calls, navigation, streaming, and mobile work, the role of a phone case has expanded beyond protection. For consumers researching the best MagSafe case, the ability to position a phone hands-free, connect compatible accessories, and maintain comfortable everyday handling can make a meaningful difference.

Expert Consumers examined the features that matter when choosing a magnetic stand case, including stand practicality, viewing flexibility, magnetic functionality, charging compatibility, material feel, and documented durability features. The review highlights how TORRAS addresses these priorities through multiple stand configurations and case designs.

TORRAS Ostand Series Combines Stand and Magnetic Functionality

The TORRAS Ostand lineup integrates stand mechanisms into magnetic phone cases, reducing the need for separate hands-free viewing accessories. Rather than offering one universal configuration, the Q-series and O-series address different preferences for stand movement, grip, materials, and everyday use.

The TORRAS Q3 Spin features a 360-degree rotating ring stand that folds flat when not in use. The design supports flexible positioning for portrait video calls, landscape streaming, and desk use. For the iPhone 18 Pro version, TORRAS specifies an 18N magnetic holding force for compatible accessories and states that the stand mechanism has been tested through 30,000 rotations.

The TORRAS O3 Fitness offers additional adjustment for users who frequently move between handheld and hands-free activities. Available for iPhone 18 Pro and Pro Max, its aluminum stand provides 360-degree rotation, up to 180-degree tilt, and grip functionality. TORRAS lists 38 N56 magnets arranged in a Halbach array, delivering up to 18N of magnetic force. The design is particularly relevant for workouts, filming, travel, and video calls.

For users prioritizing a softer case feel, the TORRAS Q3 Silicone combines a liquid silicone exterior with a 360-degree rotating stand. Its documented iPhone 18 Pro Max version uses N52 magnets in a Halbach array for compatible magnetic charging and accessories. A microfiber interior and reinforced construction complement the soft-touch finish, supporting comfortable everyday handling.

The TORRAS Q3 Wind takes a related approach to comfort while offering a different stand configuration. Its iPhone 18 Pro Max version features 360-degree rotation and an opening range of up to 180 degrees. The stand can also function as a finger grip. TORRAS specifies N56 magnets in a Halbach array with an 18N magnetic holding force, combining flexible viewing with magnetic accessory support.

The TORRAS Q3 VegSkin emphasizes material finish alongside everyday functionality. Available for iPhone 18 Pro and Pro Max, it features an organic silicone-leather exterior and a 360-degree rotating aluminum stand. Its N56 Halbach magnetic system provides a stated 18N holding force. The combination makes it suitable for meetings, commuting, presentations, and users who prefer a more refined case appearance.

The TORRAS Q3 Air Essential combines rotating stand functionality with textured handling surfaces and Air Pro cushioning. Available in dedicated iPhone 18 Pro and Pro Max versions, it features a 360-degree rotating stand for hands-free viewing and a stated magnetic holding force of up to 18N. Its textured exterior is designed to support grip during everyday use, while cushioning provides an additional protective element.

Together, these models demonstrate how integrated stand cases can accommodate different routines without requiring users to rely on separate stands or grips.

Practical Features for Everyday Phone Use

A magnetic stand case becomes more useful when its design matches the way a phone is used. The TORRAS lineup includes configurations suited to several everyday situations:

Desk work and streaming: Q3 Spin provides a rotating ring stand for changing between portrait and landscape viewing.Fitness and filming: O3 Fitness combines 360-degree rotation, up to 180-degree tilt, and grip functionality for flexible positioning.Comfortable everyday handling: Q3 Silicone and Q3 Wind combine soft-touch finishes with adjustable stand mechanisms.Office use and commuting: Q3 VegSkin offers rotating stand functionality with a leather-inspired exterior.Travel and hands-free viewing: Q3 Air Essential combines a rotating stand with textured grip and cushioning.

Magnetic functionality is another shared consideration. The featured models support compatible MagSafe chargers and accessories, including magnetic mounts and wallets. However, magnet grades, arrangements, and attachment specifications differ between models.

These distinctions allow buyers to consider not only whether a case supports MagSafe accessories, but also how its stand mechanism and exterior design suit everyday habits.

Evaluating Durability, Handling, and Design

Expert Consumers’ evaluation considers the practical trade-offs of integrated stand cases. A built-in stand can reduce the need for additional accessories, but it also introduces a moving component that should be evaluated for convenience, durability, and comfort.

Stand construction varies across the lineup. Q3 Spin uses a rotating ring mechanism, while O3 Fitness offers additional tilt adjustment. Q3 Wind combines rotation with a wider opening range, and Q3 Silicone, Q3 VegSkin, and Q3 Air Essential provide their own approaches to rotating stand functionality.

Material choice also affects handling. The TORRAS magnetic stand case lineup includes soft silicone finishes, leather-inspired textures, and textured cushioning designs intended to address different preferences for grip and everyday carrying.

Manufacturer-stated testing offers additional product context. TORRAS reports 30,000 rotations for the Q3 Spin stand mechanism, although such figures should not be treated as guarantees of performance under every condition.

Protection features should also be considered separately from stand durability. Raised edges, cushioning, and reinforced construction may contribute to a case’s protective design, but the best choice ultimately depends on the intended phone model, handling preferences, and frequency of hands-free use.

A Complementary Screen-Protection Option

TORRAS also offers the SunView AR Ultra Screen Protector for iPhone 18 Pro and Pro Max, as well as iPhone 17 Pro and Pro Max.

The protector incorporates seven anti-reflective layers and two anti-fouling layers. TORRAS specifies film-only reflectance below 0.8%, light transmittance above 95%, and approximately 97% coverage through its 2.5D silk-screened glass.

Designed to reduce distracting reflections and fingerprint oils, the protector offers a complementary option for users who frequently check maps, messages, workout information, or camera previews outdoors.

Choosing a Magnetic Stand Case

Expert Consumers’ recognition of TORRAS highlights the growing importance of integrated stand functionality in everyday phone accessories. Rather than selecting a case solely for its appearance or magnetic attachment, buyers can consider viewing flexibility, stand construction, material feel, charging compatibility, and intended use.

The TORRAS Ostand lineup provides several approaches to these priorities. Q3 Spin emphasizes rotating viewing positions, O3 Fitness adds movement and grip flexibility, Q3 Silicone and Q3 Wind focus on comfortable handling, Q3 VegSkin combines functionality with a refined finish, and Q3 Air Essential balances adjustable viewing with textured grip and cushioning.

For consumers comparing magnetic stand cases for iPhone 18 Pro and iPhone 18 Pro Max, the most suitable option depends on viewing preferences, magnetic accessory compatibility, and everyday handling. Shoppers can explore the TORRAS Magnetic Stand Case to learn more about its integrated stand functionality and magnetic features.

The full review, including detailed product comparisons and buying considerations, is available at the Expert Consumers site.

About TORRAS

TORRAS creates technology accessories that combine protection, thoughtful engineering, and practical everyday function. Across the Q3 Air, Q3 Air Pro, and Ostand product lines, the brand challenges the idea that better protection must mean more bulk, while using Ostand to make hands-free use and spontaneous content capture part of daily life.

About ExpertConsumers.org: Expert Consumers delivers news and insights on consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided.

View original content:https://www.prnewswire.com/news-releases/best-magnetic-stand-cases-for-iphone-18-pro–iphone-18-pro-max-in-2026-torras-recognized-as-a-top-choice-by-expert-consumers-302918040.html

SOURCE ExpertConsumers.org

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2026 China Marine Economy Expo Kicks Off: Embarking Together on a Journey Toward Digital and Smart Ocean

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27 minutes ago

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October 24, 2026

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SHENZHEN, China, Oct. 24, 2026 /PRNewswire/ — On October 22, Shenzhen World Exhibition & Convention Center was illuminated in a deep ocean blue as the 2026 China Marine Economy Expo—themed “Digital and Smart Ocean: Co-creating a Sustainable Future”—officially opened. Spanning an exhibition area of 50,000 square meters, the expo hosts over 350 enterprises and is expected to attract 25,000 professional visits. It focuses on core marine sectors and cutting-edge fields, featuring eight exhibition zones including integrated deep-sea and far-sea energy development and application, green shipping and low-carbon logistics, marine electronic information, marine ecology and sustainable development, offshore applications of the low-altitude economy, full-space marine monitoring and disaster early warning, marine biomedicine, and modern marine services and coastal cultural tourism, as well as three specialized exhibition zones dedicated to international participation, industrial clusters, and accelerated technological innovation, which together present the complete ecosystem of marine industries across their entire value chain.

The international zone stands as one of the most prominent core zones. For the first time, China Marine Economy Expo has introduced a Guest Country of Honor mechanism, with France serving as the inaugural honoree. France pavilion offers an immersive experience of its Mission Neptune, and showcases the achievements of Sino-French cooperation in deep-sea research, polar affairs, marine engineering, digital marine technologies, etc. in collaboration with Deep Blue Voyager 2035 global ocean expedition (an international cooperation initiative under UN Ocean Decade spearheaded by China Ocean Mineral Resources R&D Association) and Fujian Ocean Innovation Center.

Hainan, as the inaugural Guest Province of Honor, has brought its leading enterprises to the expo. The enterprises unveil solutions in deep-sea oil and gas, marine renewable energy, deep-sea equipment manufacturing, marine tourism, fisheries, modern marine services, marine biomedicine, subsea embodied-AI robots, large AI models for marine application, quantum-based marine communication and navigation, as well as progress in the development of service and support bases for South China Sea resource exploration, and maritime search and rescue facilities.

Many leading Chinese enterprises, industry front runners and emerging companies are present to demonstrate their capabilities.

Enterprises including China Merchants Group, China Communications Construction Group, China International Marine Containers, and Shenzhen Mawan Smart Port present innovations in smart shipping, offshore engineering and port operations. Tech companies like China Telecom, Huawei, Hikvision and China Unicom introduce cross-industry solutions covering large marine AI models, open sea networked communications, subsea cables and underwater connectors, and digital twin technology for the marine environment.

Underwater robotics section offers a particularly immersive experience. Companies such as CRRC SMD, Boya Gongdao, VVLAI, Sealien Robotics, Seahi, T-SEA Tech, QYSEA Technology, Chasing Innovation, and Wujiang Ocean showcase a diverse range of equipment from consumer-grade robots to 6,000 m industrial-grade submersibles, deep-sea trenching gear, and autonomous underwater exploration and imaging installations. Shenzhen Energy Group highlights a project integrating seawater electrolysis for hydrogen production with offshore wind power generation. SANYA Oceanographic Laboratory presents its Magic Needle large AI model for the South China Sea. ZJU-Hengyi Global Innovation Research Center, Zhejiang University features Haihong II deep-sea unmanned submersible.

There is also a wealth of standout innovations in marine materials and parts. Exhibits such as heavy plates for offshore engineering from Baosteel Zhanjiang Steel, deep-sea robotic arms from KathayBot, deep-sea optoelectronic connectors from Lansuo Technology, pressure resistant spherical hulls from Yancheng Huida Glass Instrument, and solid buoyancy materials from T21 offer visitors a glimpse into the essential materials and parts that underpin China’s major national equipment. Professional service organizations including China Classification Society, China Rescue & Salvage, and Shenzhen Court of International Arbitration provide expertise in areas ranging from testing and certification to emergency response, commercial arbitration, and legal services. Additionally, regional delegations from Guangdong, Hainan, Shanghai, Zhejiang, Shenzhen’s Dapeng and Bao’an districts, Huizhou, and Shantou stage a diverse array of marine projects and technological innovations.

Meanwhile, the 2026 Shenzhen Global Marine Economy Forum, serving as a premier platform for international exchanges within China Marine Economy Expo, took place from October 22 to 23. Nearly 50 high-level representatives and professionals from more than 10 countries and regions engaged in in-depth discussions to advance initiatives related to ecological conservation, the resilience of coastal cities, the value of blue carbon, blue finance, and sustainable urban development.

Industry matchmaking and investment promotion efforts also advance steadily, exemplified by events including International Shipping and Cross-Border Trade Matchmaking, Inaugural Greater Bay Area Blue Ocean Summit on University Sci-Tech Innovation and Capital, investment and financing roadshows by marine SMEs, and Investment Promotion for Shenzhen’s Marine Industries. Notably, the 2026 Investment Promotion for Shenzhen’s Marine Industries—held on October 23 and co-hosted by the Shenzhen Municipal Bureau of Marine Development and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, with the support of Bao’an, Longgang and Guangming districts—attracted representatives from around 100 enterprises and organizations specializing in high-end shipping, new energy vessels, deep-sea equipment and other related sectors.

From the technological feast inside exhibition halls to forums covering global ocean governance, blue finance and APEC regional cooperation, and further to city-wide ocean week, yacht shows and public science outreach activities, this edition of China Marine Economy Expo boasts both in-depth professional content for the marine sector and inclusive public experiences with a humanistic touch. It serves not only as a vivid microcosm of the transformation and advancement of China’s marine industries, but also as a vital link for deepening global maritime cooperation and venturing into deep ocean. By gathering guests from all over the world for a journey toward digitally-empowered smart ocean governance, the event ushers in a new chapter of high-quality development in the global marine economy.

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SOURCE 2026 China Marine Economy Expo (CMEE)

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