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Thunder Power Holdings, Inc. Announces Financial Results and Strategic Developments

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WILMINGTON, Del., March 31, 2025 /PRNewswire/ — Thunder Power Holdings, Inc. (NASDAQ: AIEV) (“Thunder Power” or the “Company”), a technology innovator and developer of premium passenger Electric Vehicles (EVs), today announced its financial results for full fiscal year 2024 along with several key developments aimed at enhancing its market position and driving future growth. The Company also announced the transfer of listing in the United States from the Nasdaq Global Market to the Nasdaq Capital Market, effective on March 28, 2025.

Pending Share Exchange Transaction with Electric Power Technology Limited

On February 10, 2025, Thunder Power executed an Amendment Agreement (the “Amendment”) with certain shareholders (“TW Shareholders”) of Electric Power Technology Limited (“TW Company”). This Amendment amended the Share Exchange Agreement dated December 19, 2024 between the Company and TW Shareholders. The Company expect to issue approximately 37.6 million shares of the Company’s common stock for approximately 31.6 million ordinary shares in TW Company. The closing of the transaction is subject to shareholder and regulatory approvals.

The TW Company is currently focused on the acquisition and development of solar power generation projects and the development of energy storage businesses. On March 4, 2025, TW Company announced that it entered into equity trading agreements with shareholders of Laiyang Solar Energy Co. (Laiyang) and Jinlaiyang Solar Energy Co. (Jinlaiyang) for the purchase of 4.4 megawatts generation capacity, which are expected to provide additional solar energy exposure for both TW Company and Thunder Power. Solar generation in Taiwan represented 5% of the electricity market in 2024. The Taiwanese government has set a target for 15% of the island’s electricity to come from renewable energy sources by 2025. Solar is forecasted to grow to 35% of total installed generation capacity by 2035. TW Company is listed on the Taipei Exchange under the code 4529.

Taiwan represents an important market for Thunder Power, as it is designated as the launch market for its first EV. The combination of electricity generation and mobility will offer multiple commercial benefits.

Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, “Once the share exchange is approved, this transaction is expected to provide Thunder Power with an initial stream of revenue and further diversify AIEV as a green energy solution provider. AIEV is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. Electric Power Technology is developing a growing position within the solar power industry, and we are excited to launch this partnership to deliver innovative power solutions to a variety of end markets going forward. We view this transaction as a deliberate next step to expand our capabilities and enter adjacent environmentally sustainable fields as we work to bring our EV’s to market. We look forward to sharing additional exciting developments in the coming quarters.”

Thunder Power Announces Transfer of Listing from Nasdaq Global Market to Nasdaq Capital Market (NASDAQ-CM)

On March 26, 2025, the Company received approval from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer of the Company’s listing to the Capital Market is not expected to have any impact on trading in the Company’s common stock, which will continue to trade under the symbol “AIEV”.

The Nasdaq Capital Market (NASDAQ-CM), previously known as the Nasdaq SmallCap Market, serves smaller capitalization companies with less stringent financial and liquidity listing requirements. The Nasdaq Capital Market benefits smaller companies focused on raising capital and lists a wide variety of companies, including those from technology, biotechnology, and other sectors.

“We believe listing on the Nasdaq Capital Market is more reflective of AIEV at this stage in our development, allowing us to focus on generating revenue, improving our balance sheet, and giving us more financial flexibility. This listing transfer, along with our pending stake in Electric Power Technology, positions the Company favorably for future growth,” concluded Nicoll. 

Thunder Power’s securities began trading on NASDAQ-CM on March 28, 2025.

Full Year 2024 Financial Highlights:

Revenues were nil, consistent with the same period in 2023Operating expenses were approximately $2.4 million, compared to $1.8 million in the prior year. The changes were primarily attributable to a $0.3 million increase in general and administrative expenses related to professional fees incurred to support the closing of the Business Combination, and a $0.7 million increase in share-based compensation expense as we issued 90,000 shares of common stock to three independent directors of FLFV at the consummation of the Business Combination, partially offset by a decrease in share-based settlement expenses of approximately $0.5 millionNet loss was approximately $2.4 million, compared to a net loss $1.8 million for the same period in 2023

Commenting on the Company’s financial results, Nicoll continued, “As we look ahead to 2025, AIEV intends to capitalize on a number of strategic opportunities within the green energy market. We are focused on increasing and diversifying our revenue streams to further develop and deploy our EVs, driving sustainable growth and strengthening our financial footing. Additionally, once the Electric Power Technology transaction is completed, we will continue to pursue additional strategic targets in the attractive green energy landscape throughout 2025 and beyond.”

About Thunder Power Holdings, Inc. 

Thunder Power is a technology innovator and a developer of innovative electric vehicles (“EVs”). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high-performance EVs, targeting markets initially in Asia & Europe. Thunder Power’s acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: https://aiev.ai/.

Contact:

AIEV Investor Relations
AIEV@dennardlascar.com
713-529-6600

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminologies such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company’s ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the Nasdaq Global Market or successfully transfer its listing to the Nasdaq Capital Market; (iii) financial risks, such as the Company’s liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company’s current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company’s ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company’s final proxy statement/prospectus pursuant to rule 424(b)(3) filed with the Securities and Exchange Commission on May 17, 2024, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company’s filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.

 

THUNDER POWER HOLDINGS, INC.

(f/k/a Feutune Light Acquisition Corporation)
CONSOLIDATED BALANCE SHEETS
As of December 31, 2024 and 2023
(Expressed in U.S. dollar, except for the number of shares)

December 31,
2024

December 31,
2023

    ASSETS

   Current Assets

Cash

$

52,616

$

196,907

Deferred offering costs

—

429,750

Prepaid expenses for forward purchase contract

13,114,964

—

Other current assets

382,865

623,221

Total Current Assets

13,550,445

1,249,878

Non-current Assets

Property and equipment, net

—

1,974

Right of use assets

4,614

5,740

Total Non-current Assets

4,614

7,714

Total Assets

$

13,555,059

$

1,257,592

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current Liabilities

Advance of subscription fees from shareholders

$

—

$

590,000

Amount due to related parties

1,766,287

68,992

Other payable and accrued expenses

2,340,440

97,297

Lease liabilities

3,455

—

Underwriter fee payable

2,921,250

—

Total Current Liabilities

7,031,432

756,289

Total Liabilities

7,031,432

756,289

Commitments and Contingencies

Shareholders’ Equity

    Common stock ($0.0001 par value, 1,000,000,000 shares authorized; 50,724,664 and
          37,488,807 shares issued and outstanding at December 31, 2024 and 2023, respectively)*

5,073

3,749

Additional paid-in capital*

43,450,667

34,927,449

Accumulated loss

(36,932,246)

(34,429,895)

Accumulated other comprehensive income

133

—

Total Shareholders’ Equity

6,523,627

501,303

Total Liabilities and Shareholders’ Equity

$

13,555,059

$

1,257,592

*

The share information and additional paid-in capital are presented on a retroactive basis to reflect the reverse recapitalization on June 21, 2024

 

THUNDER POWER HOLDINGS, INC.

(f/k/a Feutune Light Acquisition Corporation)
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
For the Years Ended December 31, 2024 and 2023
(Expressed in U.S. dollar, except for the number of shares and loss per share)

For the Year Ended
December 31,

2024

2023

Revenues

$

—

$

—

Operating expenses

General and administrative expenses

(2,502,190)

(1,815,071)

Total operating expenses

(2,502,190)

(1,815,071)

Other income (expenses)

Interest income, net

51

—

Foreign currency exchange loss

(212)

(573)

Total other expenses, net

(161)

(573)

Loss before income taxes

(2,502,351)

(1,815,644)

Income tax expenses

—

—

Net loss

(2,502,351)

(1,815,644)

Other comprehensive income

Foreign currency adjustments

133

—

Comprehensive loss

$

(2,502,218)

$

(1,815,644)

Loss per share – basic and diluted*

$

(0.06)

$

(0.05)

Weighted average shares – basic and diluted*

44,736,947

34,870,846

*

The shares and per share information are presented on a retroactive basis to reflect the reverse recapitalization on June 21, 2024

 

THUNDER POWER HOLDINGS, INC.
(f/k/a Feutune Light Acquisition Corporation)
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICITS)
For the Years Ended December 31, 2024 and 2023
(Expressed in U.S. dollar, except for the number of shares)

Common stock

Additional

Accumulated
other

Total
shareholders’

Number of
stock*

Amount*

paid-in
capital *

Accumulated
loss

comprehensive
income

equity
(deficits)

Balance as of December 31, 2022

31,754,844

$

3,175

$

32,091,251

$

(32,614,251)

$

—

$

(519,825)

Capital injection from shareholders

5,583,236

559

2,762,215

—

—

2,762,774

Issuance of ordinary shares to a related party to
settle liabilities due to the related party

150,727

15

73,938

—

—

73,953

Share-based compensation

—

—

45

—

—

45

Net loss

(1,815,644)

—

(1,815,644)

Balance as of December 31, 2023

37,488,807

$

3,749

$

34,927,449

$

(34,429,895)

$

—

$

501,303

Capital injection from shareholders

2,511,193

251

946,549

—

—

946,800

Reverse recapitalization

5,279,673

528

3,911,563

—

—

3,912,091

Issuance of common stock to a financial advisor

1,200,000

120

(120)

—

—

—

Issuance of common stock to independent directors

90,000

9

899,991

—

—

900,000

Share-based compensation

—

—

107,712

—

—

107,712

Settlement of working capital loans

289,960

29

2,635,971

—

—

2,636,000

Issuance of ordinary shares pursuant to forward purchase contracts

3,706,461

371

(371)

—

—

—

Issuance of ordinary shares pursuant to a private placement

150,000

15

(15)

—

—

—

Share-based compensation to non-employees

8,570

1

21,938

—

—

21,939

Net loss

—

—

—

(2,502,351)

—

(2,502,351)

Foreign exchange adjustments

—

—

—

—

133

133

Balance as of December 31, 2024

50,724,664

$

5,073

$

43,450,667

$

(36,932,246)

$

133

$

6,523,627

*

The share information and additional paid-in capital are presented on a retroactive basis to reflect the reverse recapitalization on June 21, 2024

 

THUNDER POWER HOLDINGS, INC.
(f/k/a Feutune Light Acquisition Corporation)
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024 and 2023
(Expressed in U.S. dollar)

For the Year Ended
December 31,

2024

2023

Cash flows from operating activities:

Net loss

$

(2,502,351)

$

(1,815,644)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation expenses

1,974

4,366

Amortization of right of use assets

26,995

26,718

Share-based compensation

1,007,712

331,295

Share-based settlement expenses

—

479,174

Changes in operating assets and liabilities:

Other current assets

(6,997)

(8,221)

Amount due to related parties

130,735

236,803

Other payable and accrued expenses

137,093

86,269

Lease liabilities

(22,414)

511

Net cash used in operating activities

(1,227,253)

(658,729)

Cash flows from investing activities:

Cash acquired in reverse capitalization

929,302

—

Net cash provided by investing activities

929,302

—

Cash flows from financing activities:

Subscription fees advanced from shareholders

—

1,750,000

Subscription fees received from shareholders

356,800

—

Payment of offering cost

(999,700)

(429,750)

Return of subscription fees to an investor

—

(100,000)

Borrowings from related parties

1,051,560

—

Repayment of borrowings to a related party

(25,000)

—

Payment of extension loans

(380,000)

(300,000)

Payment of extension loans on behalf of a third party

—

(315,000)

Proceeds of prepayment shortfall under forward purchase contract

150,000

—

Net cash provided by financing activities

153,660

605,250

Net decrease in cash

(144,291)

(53,479)

Cash at beginning of year

196,907

250,386

Cash at end of year

$

52,616

$

196,907

Supplemental cash flow information

Cash paid for interest expense

$

—

$

—

Cash paid for income tax

$

—

$

—

Non-cash investing and financing activities

Operating lease right-of-use assets obtained in exchange for operating lease liabilities

$

25,824

$

—

Transfer of advance of subscription fees from shareholders to equity

$

590,000

$

1,460,000

Payable of expenses directly related to the business combination

$

1,353,913

—

Issuance of ordinary shares to settle the liabilities due to a controlling shareholder

$

—

$

609,958

Issuance of ordinary shares to settle the liabilities due to a related party

$

—

$

56,346

Issuance of ordinary shares to settle working capital loans

$

2,636,000

$

—

Share based compensation to a non-employee as part of offering cost

$

21,939

$

—

 

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SOURCE Thunder Power Holdings, Inc.

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KuCoin Upgrades Institutional Lending to Improve Capital Infrastructure and Efficiency

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29 minutes ago

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September 1, 2026

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PROVIDENCIALES, Turks and Caicos Islands, Sept. 1, 2026 /CNW/ — KuCoin, a leading global crypto platform built on trust, today announced an upgrade to its Institutional Interest-Free Lending Program, adding support for its Unified Trading Account (UTA). The upgraded program reduces the qualifying external 30-day trading-volume requirement for newly registered API clients from 30 million to 10 million USDT and offers 0% interest for the first two months without a volume requirement. Eligible clients may borrow up to 3 million USDT for use across Spot, Margin and Futures.

As institutions operate across more products and strategies, capital can become fragmented between accounts, increasing costs and operational friction. Integrating lending with a unified account brings financing closer to execution, helping professional teams use collateral and deploy capital more efficiently.

UTA is an account framework that enables eligible users to manage capital across supported trading products through a single account structure. With Institutional Lending integrated, borrowed funds can be deployed across Spot, Margin and Futures without transfers between separate trading accounts. Borrowing is available in USDT, USDC, BTC and ETH.

KuCoin introduced targeted interest-free credit in 2024, offering eligible API traders and quantitative teams up to 500,000 USDT alongside fee benefits, enhanced connectivity, higher API limits and technical support. In 2025, borrowing increased to 3 million USDT, with support for multiple borrowing assets and the ability to combine funds from sub-accounts as margin across eligible products. The 2026 upgrade marks the next stage of that development, moving the program from targeted credit support toward more integrated institutional capital infrastructure.

“Professional market participants need timely, flexible and capital-efficient access to liquidity. Effective institutional lending infrastructure must combine financing at scale, tailored terms and competitive pricing so clients can execute sophisticated strategies with confidence,” said Alison Qin, Head of KuCoin Institutional & VIP. “By integrating lending with UTA, we are bringing capital closer to the accounts and products behind those strategies, making it easier to deploy while helping clients maintain control over execution and risk.”

The upgrade reflects KuCoin’s broader approach to product innovation: building around how users access, manage, deploy and use digital assets. By connecting financing, account infrastructure and execution, KuCoin aims to provide institutions with practical tools for participating in the evolving digital asset economy.

About KuCoin
Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019 and ISO/IEC 42001:2023 certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.
Learn more at www.kucoin.com.

Disclaimer

The information is for corporate PR purposes only and does not constitute endorsement or investment advice.

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Odyssey Energy Solutions Raises $74 Million to Accelerate Distributed Renewable Energy Financing in Emerging Markets

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29 minutes ago

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September 1, 2026

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Funding will scale Odyssey’s platform in regions including Asia, Africa, and Latin America

BOULDER, Colo., Sept. 1, 2026 /CNW/ — Odyssey Energy Solutions, the leading platform for financing distributed renewable energy (DRE) projects in emerging markets, today announced $74 million in new financing. The funding consists of a $27 million equity round and $47 million in debt. New equity investors include Broadscale Group, FMO, and Al Mada Ventures, with continued participation from existing investors including Union Square Ventures, Equal Ventures, Abstract Ventures, Twelve Below, FJ Labs, MCJ, and Transition Ventures. Debt financiers include British International Investment, BIO, the Facility for Energy Inclusion represented by Cygnum Capital and the Energy Entrepreneurs Growth Fund represented by TripleJump.

The financing will support continued expansion of Odyssey’s platform, which connects more than 6,000 solar installers and engineering, procurement, and construction companies (EPCs) with financiers and equipment suppliers in more than 50 countries across Africa, Asia, and Latin America, facilitating access to $3.6 billion in capital for distributed energy projects. Odyssey’s procurement platform, launched in 2024, aggregates equipment procurement across its large network of EPCs, offering these small-to-medium sized companies access to volume pricing with embedded supply chain credit. The platform has unlocked 1.5 GW of projects to date.

“The focus of financing for distributed renewable energy has historically been on post-construction capital–funding that flows once a project is built,” said Emily McAteer, co-founder and CEO of Odyssey Energy Solutions. “That has left a significant gap upstream, where thousands of small and medium EPCs and installers lack the working capital needed to procure equipment, complete construction, and unlock customer payments. Odyssey bridges this gap directly, providing companies with the equipment pricing and financing they need to accelerate project delivery.”

The announcement comes at a moment of accelerating demand for distributed renewable energy across Odyssey’s core markets. Falling solar and battery costs, rising oil prices, and evolving government policy have converged to make the unit economics of distributed solar materially stronger than fossil-fuel alternatives. In Nigeria, where diesel backup generators supply more electricity than grid-connected power plants, according to the International Finance Corporation, diesel prices rose more than 93% between February and April 2026 following supply disruptions in the Strait of Hormuz. In India, where Odyssey’s platform has grown 205% over the past 12 months, new domestic manufacturing requirements for solar components are reshaping supply chains and driving demand for the procurement and financing infrastructure that Odyssey provides. Rapid data center construction across India, driven by rising AI compute demand, is further increasing electricity demand at a pace grid infrastructure is struggling to meet, adding urgency to distributed solar and storage as a complement to centralized power supply.

“Distributed solar in emerging markets has reached a watershed moment,” said Andrew Shapiro, founder and Managing Partner at Broadscale Group. “The demand is there, the economics work, and the remaining constraint to deployment at massive scale is access to capital and procurement infrastructure for installers. That is exactly what Odyssey provides and why we’re thrilled to support the company as they enable this critically important growth.”

“Having worked across distributed energy finance in India and emerging markets, I’ve seen firsthand both the scale of the opportunity and the barriers that have held the sector back,” said Piyush Mathur, co-founder and Managing Director of Odyssey Energy Solutions. “Today, the conditions for rapid deployment of clean energy have never been stronger. EPCs and distributed energy developers are growing at unprecedented rates, creating an urgent need for the procurement, financing, and technology infrastructure that can enable them to scale. That is the gap Odyssey is uniquely filling.”

The new capital will allow for expansion of Odyssey’s procurement platform, which aggregates equipment orders across smaller buyers to improve supplier terms and offers embedded supply chain credit. Given high demand from commercial and industrial customers for solar and storage solutions, installers typically have a much larger order book than they can supply at a given time due to working capital constraints. Procuring through Odyssey allows these companies to procure and construct more projects at once, accelerating project deployment.

The recent funding follows Odyssey’s $15M Series A, announced in May 2023, bringing the total capital raised by the company to $94M. The company is also among the inaugural portfolio partners of Multiplier, an advisory firm co-founded by Jigar Shah and Jonathan Silver, both former directors of the U.S. Department of Energy’s Loan Programs Office.

About Odyssey Energy Solutions
Odyssey Energy Solutions is accelerating the clean energy transition in emerging markets. The platform connects more than 6,000 distributed energy companies with financiers and equipment suppliers across India, Africa, Latin America, and more than 50 countries worldwide, facilitating access to $3.6 billion in capital. Learn more at odysseyenergysolutions.com.

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SOURCE Odyssey Energy Solutions

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Green Security Expands VendorOps Platform with Acquisition of VenSero

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29 minutes ago

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September 1, 2026

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Green Security acquired VenSero, expanding its VendorOps platform to connect vendor credentialing with surgical scheduling, loaner equipment coordination and case readiness, giving hospitals greater visibility ahead of procedures.

CLEARWATER, Fla., Sept. 1, 2026 /PRNewswire-PRWeb/ — Acquisition extends Green Security beyond vendor credentialing with surgical vendor scheduling and loaner tray management to improve operating room case readiness

Green Security, a leading provider of healthcare vendor operations and intelligence solutions, today announced it has acquired VenSero, a surgical vendor coordination platform that helps health systems improve operating room readiness by coordinating vendor representatives, loaner equipment and surgical workflows before every procedure.

VenSero is embedded directly within Epic OpTime, enabling perioperative teams to coordinate vendor representatives, loaner instrumentation and case readiness within their existing clinical workflows. Combined with Green Security’s credentialing, compliance and vendor access capabilities, the acquisition creates a more connected workflow spanning the critical operational steps that take place before a surgical procedure.

“Hospitals don’t think about vendor credentialing, surgical scheduling and loaner equipment as separate challenges,” said Mickey Meehan, CEO of Green Security. “They think about whether a case is ready. That’s what makes VenSero such a strong fit. Together, we’re giving healthcare organizations a more complete view of everything that happens before a procedure begins so they can reduce delays, improve coordination and better support patient care.”

Founded in 2010, VenSero is one of the healthcare industry’s longest-running surgical vendor coordination platforms. Embedded directly within Epic OpTime, the platform enables perioperative teams to schedule vendor representatives, coordinate loaner instrumentation and monitor case readiness without leaving their existing clinical workflow. The platform is trusted by leading health systems in Baltimore and the greater northeastern region.

That earlier visibility gives surgical teams more time to identify and resolve potential issues before a procedure. At a leading U.S. academic medical center, VenSero expanded visibility into upcoming surgical cases from approximately seven days to as much as four weeks, giving surgeons, perioperative leaders and sterile processing teams greater lead time to coordinate vendor representatives, equipment and instrumentation. This helps teams address potential gaps earlier, improve surgical planning and reduce disruptions caused by missing or delayed vendor support.

Together, Green Security and VenSero connect two parts of surgical vendor operations that have traditionally been managed separately. Green Security verifies that vendor representatives are credentialed and authorized to enter the facility, while VenSero coordinates their participation in upcoming cases, along with the loaner equipment and instrumentation those procedures require. This gives hospitals greater visibility from vendor authorization through case readiness while allowing them to retain control over scheduling and access.

“For more than 15 years, we’ve worked side by side with perioperative teams to solve the daily operational challenges that can delay surgeries,” said Mark Stickler, founder and president of VenSero. “Joining forces with Green Security allows us to build on that work while connecting vendor coordination with the credentialing and operational workflows hospitals already rely on every day. Together, we’re helping healthcare organizations prepare for surgery with greater confidence and fewer surprises.”

VenSero will continue supporting existing customers while Green Security integrates the platform into its broader VendorOps strategy. The combined platform will give Green Security the foundation to bring credentialing, vendor access, surgical scheduling and equipment readiness into a more unified view, while expanding the operational data available to health systems as they manage surgical vendor activity.

Additional resources:

Hear from Green Security’s CEO on why he’s excited about this newsExplore additional insights on the Green Security blogFollow Green Security on LinkedIn

About Green Security

Green Security is the leading provider of secure solutions for healthcare vendor operations. Trusted by over 1,500 hospitals, our platform simplifies credentialing, compliance, and value analysis, helping organizations manage vendor access and product trust with confidence. From onboarding and credentialing to real-time monitoring and secure onsite presence, Green Security reduces risk, streamlines operations, and supports patient safety through advanced analytics and smart access technologies. Learn more at gogreensecurity.com.

Media Contact

Jennifer Usher, PR for Green Security, 1 4154120181, jennifer@usherconsultancy.com

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SOURCE Green Security

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