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Heat, drought and high energy bills will impact millions across the US this summer

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Temperature departures 3 degrees or higher above the historical average are expected across parts of 14 states this summerThe demand for home, business and data center cooling is expected to be above the historical average across 33 statesImpacts from our warming atmosphere are contributing to hotter days, warmer nights and more intense droughts across much of the western and central U.S.Click here to request an interview with an AccuWeather Expert MeteorologistClick here to watch the video media briefing with AccuWeather Lead Long-Range Expert Paul PastelokClick here to download video soundbites and forecast graphics cleared for media use

STATE COLLEGE, Pa., April 30, 2025 /PRNewswire/ — AccuWeather long-range expert meteorologists say families and businesses across much of the country should prepare for higher electricity bills this summer, with overall temperatures above historical averages expected across 45 states.

Meteorological summer starts on June 1 and runs through the end of August. AccuWeather Lead Long-Range Expert Paul Pastelok says the three-month span will feature sweltering heat, severe weather, intense wildfires and the start of a dynamic Atlantic hurricane season.

“Make sure your air conditioners are ready for another hot summer across much of the country, especially the western and central U.S. We expect a summer with more extremes, including extreme heat waves, expanding drought and the potential for big wildfires and major hurricanes later in the summer,” Pastelok said. “The only area we expect normal to below-historical-average temperatures this summer is across parts of the interior Northeast, interior mid-Atlantic and Tennessee Valley. Don’t be fooled, we’ll still have some hot and humid stretches in this region from time to time.”

What’s driving the heat?

Many towns and cities across America have already had a taste of summer warmth this spring. AccuWeather expert meteorologists say Phoenix reached the 100-degree mark on April 10, the earliest the mercury has hit the century mark in the past seven years.

Overall temperatures from June through August are forecast to be above the historical average across most of the nation, with the more intense heat expected in the northern Rockies, the Northwest and across the Plains.

“Temperature departures are forecast to be well above average across the northern Rockies and the interior Northwest. High pressure will be in control for most of the summer season,” Pastelok said. “The monsoon will help to lower departures in the Southwest, especially mid- to late summer.”

Pastelok said the demand for electricity is expected to climb above historical average levels across parts of 33 states this summer to power millions of air conditioners, fans and other cooling equipment inside homes, businesses, warehouses and massive data centers.

“Soil moisture and drought are big factors contributing to the demand for cooling this summer. We expect the middle of the country to dry out and bake in the summer heat. Higher air temperatures can enhance evaporation rates, which further reduces soil moisture. The hotter and drier it gets, the more families and businesses will depend on air conditioning,” Pastelok explained.

“Air conditioning is no longer just a luxury across much of the western and central U.S.; it’s a necessity in homes, schools and businesses for people to stay safe. Power outages in triple-digit heat can quickly lead to a life-threatening situation. Extreme heat is the deadliest weather hazard in the U.S.”

The AccuWeather team of long-range experts says strong to extreme heat waves are possible at times this summer, especially in the western, central and northwestern U.S.

“Intense heat is likely this summer in the northern Rockies, the High Plains and the interior Northwest. Seattle and Portland could experience some hot stretches, but places like Spokane, Boise and Billings will likely see the most intense scorching heat this summer,” Pastelok said.

In the Northeast and across the Appalachians, the summer will be full of ups and downs as heat waves are broken by showers and thunderstorms. The tradeoff will be higher humidity, which can ultimately boost AccuWeather RealFeel® Temperatures, especially when the sun is shining.

Plentiful soil moisture from spring rainfall will help keep summer temperatures in the average range across parts of the interior Northeast, interior mid-Atlantic and Tennessee Valley.

“The moist and saturated soil will prevent drought conditions from developing this summer and help hold down daytime high temperatures,” Pastelok said. “The evening and overnight hours will be warm and muggy across this region, so air conditioning will be needed during the hottest weeks of summer.”

AccuWeather long-range experts predict fewer 90-degree days in New York City, Philadelphia, Washington, D.C., and Atlanta this summer than last year.

The frequency of 90-degree days is expected to be in the same range as last summer farther west in cities including Minneapolis, Dallas, Denver, Los Angeles, Phoenix and Portland.

Resources to help you plan and prepare for summer heat are available for free on the AccuWeather app and AccuWeather.com, including AccuWeather RealFeel™ temperatures, which consider not just temperature and humidity, but also sun angle, sun intensity, cloud cover, wind and other factors to determine how it actually feels outside in the sunshine and in the shade.

The AccuWeather AccuLumen Brightness Index™ offers a more descriptive and better way of characterizing the brightness of the day measured on a scale from 1 to 10, where 1 is a gray, dark, dismal day and a 10 is a very bright day with blue sunny skies, no clouds, no pollution and a high level of glare at sunrise and sunset.

The AccuWeather HeatWave Counter and Severity Index™ is also available in key cities across the U.S. to quantify heat waves by duration and intensity compared to past heat waves of the year and historically.

Storms and monsoon to provide some relief from hot weather

Areas of the eastern U.S. that avoid the worst of the heat may face an uptick in showers and thunderstorms, including the risk of severe weather.

“Water in the Gulf is very warm and can fuel intense, severe weather events into summer,” Pastelok explained. “Storms could be more frequent in June and July than in August, including the potential for intense groups of thunderstorms known as derechos.”

A derecho can unleash extreme winds over a large area, with the ability to level fields of corn, snap trees like twigs and cause widespread power outages that last over a week. The zone that faces the highest risk of derechos this summer includes the northern Plains, the Ohio Valley and the Tennessee Valley.

Later in the summer, tropical storms and hurricanes that make landfall in the U.S. can contribute to tornado activity.

The North American monsoon is also forecast to ramp up in late June across the interior West and produce above-normal rainfall.

“The monsoon may help ease drought conditions,” Pastelok said. “Another positive to an above-average monsoon is to bring up river and lake levels. This can also bring relief from high heat and some energy savings.”

The tradeoff will be the risk of flash flooding and mudslides when the worst of the monsoon-fueled thunderstorms strike.

The peak of lightning activity in the U.S. occurs during the summer, which increases the risk of sparking wildfires.

People should remain vigilant when outdoors any time thunderstorms are in the forecast, as June, July and August account for the highest number of lightning-related fatalities. Every thunderstorm poses a risk of lightning, and it only takes one strike to abruptly end a day at the beach, on the golf course or hiking in the mountains.

The AccuWeather Lightning Network™ uses sensors across the U.S. to issue AccuWeather Lightning Alerts through the AccuWeather app when lightning strikes within 10 miles of their location. AccuWeather Lightning Alerts are available for free to all AccuWeather app users in the U.S.

Expanding drought will raise the risk of wildfires

AccuWeather long-range experts say many of the same areas that experience some of the hottest weather compared to the historical average this summer will also face worsening drought, which will cause the wildfire season to escalate quickly.

“Drought coverage will be widespread across the High Plains and West this summer,” Pastelok said. “Drought can have a big impact on the growing season in this region, including spring wheat, corn and soybeans.”

The drought risk this summer is the opposite of last summer across the Midwest and northern Plains, where rainfall was more frequent throughout the summer.

“Water shortages could be possible in some of the areas hit hardest by extreme heat and drought this summer,” Pastelok warned.

While the monsoon can provide much-needed moisture and help combat wildfires, the associated thunderstorms will also bring lightning strikes, which can ignite new blazes. There is a higher risk of these fire-starting thunderstorms at the onset of the monsoon when the landscape is at its driest.

The AccuWeather 2025 U.S. Wildfire Forecast warns of “very high” to “extreme” fire risk at times across parts of the Southwest, Texas, Rockies and interior Northwest.

“We expect a later start for wildfire activity in the Northwest this summer, but once it starts, fires could quickly explode in size. There is a lot of vegetation, dead trees and other fuels that will dry out across the region this summer. That can act like kindling for fires,” Pastelok explained. “The fire risk is earlier in the season for the Southwest. We’re closely monitoring the mountains of the western Carolinas, where a lot of downed trees from Helene could fuel any additional fires that spark this summer.”

AccuWeather’s Data Science team recently updated air pollution forecasting models that will enhance air quality forecasts during and after extreme events like major wildfires, available for free to all users on the AccuWeather app and AccuWeather.com.

Eye on the tropics

AccuWeather hurricane experts and long-range experts predicted a dynamic hurricane season back in March.

The same warm waters in the Gulf that will promote thunderstorms across the East could also fuel tropical storms or even hurricanes in the Gulf, Caribbean and Atlantic, especially in July and August. 

There is a chance for a subtropical or tropical storm to develop before the official start of the Atlantic hurricane season on June 1.

Beryl was one of the most powerful hurricanes of the 2024 season. It initially spun up in late June, becoming the earliest Category 5 hurricane on record. After causing devastation in parts of the Caribbean, Beryl made landfall in Texas as a Category 1 hurricane on the Saffir-Simpson Hurricane Wind Scale, before generating more than 60 tornadoes along its path inland from Texas to upstate New York. Hurricane Beryl caused damage that resulted in power outages that lasted over a week along parts of the Gulf Coast.

AccuWeather expert meteorologists warn that people should be prepared for the potential of extreme heat without access to electricity or air conditioning for up to a week or longer, in the wake of a hurricane landfall, similar to what happened in Texas after Beryl last summer.

Pastelok says a surge of moisture from tropical storms and hurricanes can ease or even wipe out any drought conditions that develop this summer.

“Drought can improve quickly early in the summer from Florida to the Carolinas due to frequent cool fronts and tropical moisture,” Pastelok said.

AccuWeather is predicting 13 to 18 named storms, seven to 10 hurricanes and three to six direct U.S. impacts during the Atlantic hurricane season this year.

“Similar to last year, northern and eastern portions of the Gulf Coast and the Carolinas are at a higher-than-average risk of direct impacts this season,” AccuWeather Lead Hurricane Expert Alex DaSilva explained. “Atlantic Canada and the northeastern Caribbean are also at an increased risk of direct impacts.”

The AccuWeather Hurricane Tracker is available for free on the AccuWeather app and AccuWeather.com, offering innovative features and the most comprehensive and accurate hurricane information available to increase awareness of incoming hurricanes and their impacts, including AccuWeather Forecast Eye Path maps, impact graphics and easily navigable tools to track and follow storms for optimal preparation, protection and insight.

Climate connection

The trend of higher summer temperatures, more intense droughts and extreme heat waves in the U.S. is linked to human-caused climate change, which is warming the atmosphere, according to AccuWeather Climate Expert and Senior Meteorologist Brett Anderson.

“Hundreds of record high temperatures were shattered across the country last summer. We’ll likely experience more record high temperatures being challenged or broken again this summer, especially in the western and central U.S.,” Anderson said. “The data is clear and cannot be ignored; overall temperatures will continue to rise as long as people around the globe continue burning fossil fuels that unleash carbon dioxide and other greenhouse gases that trap heat in our atmosphere.”

Anderson says the increasing frequency and severity of extreme temperatures, heat waves and droughts are taking a toll on public health and safety in the U.S.

“Prolonged exposure to extreme heat can lead to serious health problems, especially for the most vulnerable, including outdoor workers, athletes, young children and older adults. Heat is the deadliest weather-related threat in the U.S. More people die from extreme heat than from hurricanes, tornadoes, floods and cold weather combined,” Anderson said. “Not only is there a clear trend of hotter afternoons in the summer, but overnight hours are also rapidly getting warmer across much of the country during the summer months. Less relief from the heat at night can contribute to more heat stress and health issues.”

Warmer waters in the Atlantic and the Gulf are also increasing the odds of tropical storms and hurricanes rapidly intensifying before they make landfall. Hotter summers can also impact agriculture, the power grid and water supplies across America.

“The growing season starts earlier and lasts longer in many parts of the country compared to just 50 years ago. Worsening droughts and shifting precipitation patterns are forcing many farmers and ranchers to rely on more irrigation, which can strain water resources during extreme heat waves and drought,” Anderson explained. “Extreme heat, higher evaporation rates and lower river flows have led to less hydroelectric generation in parts of the western U.S. in recent years, a challenge that may worsen in the decades to come. Heat waves can also strain our aging power grid and generation plants that use fossil fuels, including coal and natural gas. The risk to the power supply and the grid is concerning during the hottest days of summer, with the growing demand for electricity to power air conditioning and other cooling equipment at homes and businesses across the country. The demand for reliable power is expected to grow rapidly in the coming years as more data centers go online to support AI and other high-tech businesses and infrastructure.”

Anderson says the impacts of extreme heat and drought are being compounded by the urban heat island effect, as towns and cities across the country continue to develop and expand using more heat-absorbing asphalt and concrete. The most significant impacts are being felt in cities across the Sunbelt region and the Southwest, which are experiencing hotter days and warmer nights.”

Extreme heat, severe weather, wildfires and hurricanes could cause major economic impacts across the U.S. this summer.

AccuWeather experts estimate that extreme weather events have caused a combined $344 billion to $382 billion in total damage and economic loss so far this year, including catastrophic wildfires in California in January, a historic winter storm in the Gulf Coast and Southeast, as well as rounds of flooding and tornado outbreaks in the central U.S. this spring.

Additional AccuWeather Resources:

AccuWeather 2025 U.S. Summer Forecast

Wildfires are expected to scorch more land across America this year compared to the historical average

AccuWeather forecasting 3-6 direct storm impacts to the U.S. during the 2025 Atlantic Hurricane season

Highest risk of tornadoes and severe thunderstorms expected east of Tornado Alley this year

Pollen forecast to reach levels higher than the historical average across 39 states this year

Rare multiday severe weather outbreak and widespread flooding in central US brings preliminary estimate of $80 billion to $90 billion in total damage and economic loss

Extreme Heat: How it can impact your business and success

AccuWeather’s heat wave index helps people better understand and respond to heat dangers

Know the signs of heat exhaustion and heat stroke

How climate change is influencing tornadoes

AccuWeather meteorologists are available 24/7 to provide further insights and updates on evolving weather conditions. Please contact pr@accuweather.com during regular business hours, or support@accuweather.com or call AccuWeather’s Media Hotline at (814)-235-8710 at any time to arrange interviews with AccuWeather experts or to request the most updated graphics for print or broadcast.

View original content to download multimedia:https://www.prnewswire.com/news-releases/heat-drought-and-high-energy-bills-will-impact-millions-across-the-us-this-summer-302443493.html

SOURCE AccuWeather

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Canada to advance global nature conservation and climate action at upcoming United Nations conferences

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October 16, 2026

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OTTAWA, ON, Oct. 16, 2026 /CNW/ — In a more uncertain and increasingly unstable world, Canada is stepping up to build a safer and more resilient future. Addressing climate change and biodiversity loss requires ambitious action at home and around the world. By advancing progress on both, Canada will protect nature, build resilient communities, and create lasting prosperity for future generations. International cooperation is key to achieving these goals.

That is why the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, will lead Canada’s efforts as Head of Delegation at the 17th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP17) and the 31st meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31).

At COP17, Minister Dabrusin and the Honourable Nathalie Provost, Secretary of State (Nature), will work with international partners to accelerate implementation of the Kunming–Montréal Global Biodiversity Framework. From October 19 to 30, 2026, in Yerevan, Armenia, Canada will champion the critical role of Indigenous peoples in conservation and advocate for practical solutions to mobilize global resources for biodiversity finance. Canada will showcase its leadership through two Canadian-led official side events focused on innovative nature finance and the essential role of Indigenous leadership in advancing conservation efforts at home and around the world. The delegation will also take part in strategic bilateral meetings, high-level roundtables, and civil society events to strengthen cooperation, advance solutions, and drive action to halt and reverse biodiversity loss.

From November 9 to 20, 2026, in Antalya, Türkiye, Canada will participate in the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31). Building on multilateral engagements, including the 10th Ministerial on Climate Action, Canada will continue working with international partners, Indigenous representatives, civil society, youth, and other stakeholders to strengthen the resilience of vulnerable communities; reduce methane emissions; accelerate electrification; and mobilize finance and investments from public and private sources. For the fifth consecutive year, Canada will host a national pavilion at COP31, showcasing Canadian climate leadership and innovation. The Canada Pavilion will serve as a hub for connection and collaboration.

Canada’s international leadership is backed by action at home. To accelerate electrification, Canada is building major clean energy projects across the country, including with the largest clean energy investment in North American history in Churchill Falls. Through A Force of Nature: Canada’s Strategy to Protect Nature and $3.8 billion in investments and funding, Canada is advancing its commitment to conserve 30% of lands and waters by 2030 through strong partnerships and innovative approaches to conservation. Canada recently reinforced this commitment by joining the 30×30 for Nature and People Ministerial Declaration at the 81st session of the United Nations General Assembly. Prime Minister, Mark Carney, recently announced a historic investment of $1.2 billion to better protect Canada’s oceans and the life they sustain. This will increase monitoring, strengthen ocean science and ecosystem protections, and improve marine incident prevention and preparedness. These priorities will be a key focus at both upcoming conferences.

Canada’s delegations to COP17 and COP31 will bring together the diverse perspectives from across Canadian society, including Indigenous representatives, civil society, the private sector, youth, and provincial and territorial government representatives. Working with international partners, these delegations help advance practical solutions to protect nature, strengthen resilience, and support sustainable economic prosperity.

Quotes

“Climate change and biodiversity loss are global challenges that no country can solve alone. At COP17 and COP31, Canada will work with partners from around the world to strengthen implementation of the Kunming–Montréal Global Biodiversity Framework and the Paris Agreement and collective efforts to address nature protection and climate change. Through international cooperation, Indigenous leadership, innovative solutions, and a collective commitment to conservation and climate action, we will build a sustainable future for people and nature alike.”
– The Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature

“Nature loss is a global challenge that requires countries to work together and turn shared commitments into action. At COP17, Canada will share its experiences in advancing nature finance, including innovative approaches to valuing natural capital and mobilizing private investment for conservation. By exchanging ideas, lessons learned, and practical solutions with international partners, we can accelerate progress toward our global biodiversity goals and recognize nature as a foundation of long-term economic prosperity and resilience.”
– The Honourable Nathalie Provost, Secretary of State (Nature)

Quick facts

As the second largest country in the world, Canada has a vast amount of natural capital, including 24% of the world’s boreal forest, 37% of lakes, 25% of wetlands, and approximately 80,000 species. We have both a responsibility to steward these resources as well as a competitive advantage because of these assets.Canada hosted the 15th meeting of the Conference of the Parties to the United Nations Convention on Biological Diversity (COP15) in Montréal in 2022, which resulted in the adoption of the Kunming–Montréal Global Biodiversity Framework: an ambitious global plan to halt and reverse biodiversity loss by 2030.Canada supports the Armenian COP17 presidency and its approach to strengthen implementation of the Kunming–Montréal Global Biodiversity Framework toward meeting the Framework’s goals and targets.In September 2026, Canada and China co-chaired the Kunming Dialogue in Kunming, China. The Dialogue was a multilateral working-level meeting to discuss progress and challenges in the implementation of the Framework ahead of COP17.The Canada Pavilion at the United Nations Conference of the Parties (COP) is a key space to show Canadian climate leadership and innovation.Reducing methane emissions remains one of the fastest and most cost-effective ways to limit the rise of near-term global temperatures. Canada serves as co-convenor of the Global Methane Pledge, which counts 159 participating countries and the European Commission, with participants agreeing to take voluntary actions toward a collective goal of reducing global methane emissions at least 30% by 2030 (from 2020 levels).In April 2026, Canada announced a new goal of delivering $13 billion in international climate finance over the next five years.

Associated links

A Force of Nature: Canada’s Strategy to Protect NaturePrime Minister Carney Announces Historic Investment to Protect Canada’s OceansCanada Pavilion at the Conference of the Parties (COP)

Environment and Climate Change Canada’s X page
Environment and Climate Change Canada’s Facebook page
Environment and Natural Resources in Canada’s Facebook page
Environment and Climate Change Canada’s LinkedIn page
Environment and Climate Change Canada’s Instagram page

SOURCE Environment and Climate Change Canada

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DGEN TECHNOLOGIES (FORMERLY CHINA KELI ELECTRIC COMPANY) COMPLETES ACQUISITION AND NAME CHANGE AND FILES CSE LISTING STATEMENT

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October 16, 2026

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VANCOUVER, BC, Oct. 16, 2026 /CNW/ — DGEN Technologies Corp. (formerly China Keli Electric Company Ltd.) (the “Company”) is pleased to announce that it has completed its previously announced acquisition of DGEN Financial Holdings Corp. (formerly DGEN Technologies Corp.) (“DGEN”) pursuant to a share exchange agreement dated December 9, 2025, as amended on August 17, 2026 (the “SEA”) on October 14, 2026 (the “Transaction”).

Pursuant to the Transaction, the Company acquired all of the issued and outstanding shares of DGEN in exchange for the issuance of an aggregate of 9,550,360 common shares of the Company (“Common Shares”) and 7,000,360 Common Share purchase warrants (“Warrants”) to certain former shareholders of DGEN. Each Warrant entitles the holder to acquire one Common Share at a price of $0.25 until October 14, 2028. As a result of the Transaction, DGEN became a wholly-owned subsidiary of the Company. As of the date hereof, the Company has 29,161,364 Common Shares and 7,000,360 Warrants issued and outstanding.

In connection with the completion of the Transaction, the Company changed its name from “China Keli Electric Company Ltd.” to “DGEN Technologies Corp.” and, hereinafter, will carry on the business of DGEN.

Listing Statement

Following the closing of the Transaction, the Company has filed a CSE Form 2A listing statement dated October 14, 2026 (the “Listing Statement”) on SEDAR+ under its profile relating to the Transaction and the proposed CSE listing. Investors are encouraged to review the Listing Statement, which provides detailed information about the Transaction, the Company and its operations.

The Company has received conditional approval to list the Common Shares on the Canadian Securities Exchange (the “CSE”) and has delisted the Common Shares from the TSX Venture Exchange in anticipation of listing on the CSE. The Common Shares are expected to commence trading on the CSE under the symbol “DGEN” on or about October 20, 2026.

Board of Directors and Management

Following completion of the Transaction, the directors and officers of the Company are Cole Goodwin, Chief Executive Officer and Director, Philip Lo, Chief Financial Officer, Corporate Secretary and Director, Sean Webster, Director, and Yee Man Cheung, Director.

Mr. Goodwin is a business executive with over 10 years of experience in alternative and traditional investment markets, financial technology and corporate operations. His experience includes senior management and board roles with publicly traded companies, including as Chief Operating Officer of Hyper Bit Technologies Ltd. Mr. Goodwin provides the Company with strategic and operational oversight in respect of its technology platform, including development and commercialization of payment infrastructure, integration of payment gateways, technology deployment and vendor management.

Escrow

At the time of listing, the Company will have 2,496,000 Common Shares and 1,000,000 Warrants held by related persons subject to escrow pursuant to an escrow agreement dated October 14, 2026 among the escrowed securityholders, the Company and Odyssey Trust Company, as escrow agent, subject to a 36-month release schedule pursuant to National Policy 46-201 – Escrow for Initial Public Offerings.

About DGEN Technologies Corp.

DGEN Technologies Corp. is a Vancouver-based technology company developing a cloud-based payment platform intended to integrate point-of-sale, kiosk and mobile payment systems into a unified and scalable solution. The Company’s platform is currently in beta stage and is operational, but has not yet been commercialized or generated revenue.

The CSE has not reviewed, approved, or disapproved, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including, without limitation, statements with respect to: the expected listing of the Common Shares on the CSE; the satisfaction of any remaining conditions to listing; the business and operations of the Company following completion of the Transaction; the Company’s platform, including its development, commercialization, functionality, market adoption and ability to generate revenue; the Company’s intended business objectives; the escrow arrangements applicable to certain Common Shares and Warrants; and future plans and expectations of the Company. Forward-looking information is based on management’s current expectations, estimates, projections, beliefs and assumptions as of the date of this news release.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the possibility that the Common Shares may not commence trading on the CSE when expected or at all; risks relating to the Company’s early stage of development; the fact that the platform is in beta stage, has not yet been commercialized and has not generated revenue; risks associated with development, commercialization and market adoption of the platform; competition from established payment technology providers; reliance on third-party contractors and service providers; additional financing and dilution risks; market volatility; regulatory, compliance, cybersecurity and data privacy risks; risks relating to escrowed securities; and the other risks described in the Listing Statement. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this news release. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE DGEN Technologies Corp.

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ASSA ABLOY sells PKI business unit to Vista Equity Partners

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3 hours ago

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October 16, 2026

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STOCKHOLM, Oct. 16, 2026 /PRNewswire/ — ASSA ABLOY has signed an agreement to sell HID’s PKI business unit to Vista Equity Partners (“Vista”).

The PKI business unit (Public Key Infrastructure) provides digital trust, identity, authentication, encryption, and certificate management solutions. The business unit includes PKI SaaS – IdenTrust and HydrantID – credential management, and ZeroSSL.

“I find it very satisfying that with Vista, the PKI business unit and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Our PKI team has built a strong business with a strong customer base, and Vista has the expertise to take it forward as the market evolves,” says Björn Lidefelt, EVP and Head of HID. “We are pleased with this outcome for our customers, our employees, and for HID.”

The divested business had sales in 2025 of MUSD 58 (approx. MSEK 570) with a strong operating margin.

The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026.

For more information, please contact: 
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com

About ASSA ABLOY
ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 64,000 employees and sales of SEK 152 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/assa-abloy-sells-pki-business-unit-to-vista-equity-partners,c4410007

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