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LG Energy Solution Releases 2026 First-Quarter Financial Results

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LG Energy Solution posts KRW 6.6 trillion in consolidated revenue and KRW 207.8 billion in operating loss in Q1 2026In Q1, the company secured over 100GWh of new orders for its 46-Series cylindrical EV batteries, with the order backlog exceeding 440GWh as of AprilIts North American ESS battery production network is now in place, with the aim to achieve more than 50GWh production capacity by year-end

SEOUL, South Korea, April 29, 2026 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced its first-quarter earnings for 2026, reporting an increased quarterly revenue mainly driven by stable demand and solid orders for both 46-Series cylindrical EV batteries and ESS batteries.                                                              

The company posted consolidated revenue of KRW 6.6 trillion, a 1.2 percent increase quarter-on-quarter. The revenue includes the North America production incentive, which is estimated at KRW 189.8 billion. The operating deficit stood at KRW 207.8 billion.

In the first quarter, shipment of pouch-type EV batteries declined due to inventory adjustments by a major North American customer. However, stable shipments of cylindrical EV batteries and active response to growing North American ESS demand through capacity expansion resulted in a slight quarter-on-quarter increase in the revenue, with the ESS business now representing mid-20 percent of the total revenue.

At the same time, despite increase in shipments of both cylindrical EV and ESS batteries and ongoing cost-reduction efforts, the company posted a quarterly loss, driven by initial ramp-up costs associated with the expansion of ESS production sites and deterioration of product mix resulting from reduced sales of pouch-type EV batteries in North America.

Q1 Achievements                                               

In the first quarter, LG Energy Solution fully leveraged its local manufacturing capabilities in North America and the product competitiveness of its 46-Series cylindrical EV batteries to win over 100GWh of new orders for the product, bringing its total order backlog to over 440GWh (as of the end of April 2026). The company started producing 4695 cells at its Ochang facility late last year and will start producing diverse 46-Series cylindrical cells, ranging from 4680 to 46120 cells, at its Arizona facility late this year.

It also secured an additional ESS battery supply contract for grid-scale project in North America. Under the contract, the company will start supplying its next-generation product, which has reduced total cost by 15 percent compared to its current ESS LFP products, in 2028. Through such projects, the company is actively responding to growing customer demand for ESS batteries produced locally in the United States.

In addition, the company has successfully established its ESS battery production network in North America, comprising three standalone facilities (Holland, Lansing, Windsor) and two joint venture facilities (Ultium Cells facility in Tennessee and L-H Battery Company in Ohio). Leveraging this robust production network, the company will secure over 50GWh of ESS battery production capacity in the region by the end of this year.

Key Initiatives

As electricity consumption rises, driving the need for a more stable power grid amid the possibility of prolonged energy supply instability and high oil prices, the importance of ESS is emerging as a key component of power infrastructure that can offset the limitations of traditional power sources. This environment may also boost consumer demand for EVs, supported by their improving total cost of ownership relative to ICE vehicles, as well as advances in autonomous driving technologies.

Also, the U.S. and Europe continue to require local battery production to qualify for government incentives, which is increasing the customers’ preference for companies that can manufacture locally—enabling them to maximize policy benefits and respond swiftly to logistics risks.

In light of these circumstances, the company will focus on four areas going forward:

1. Strengthening cash flow management

Improve financial structure through EBITDA growth, divestment of non-core assets, and enhanced asset turnoverExecute Capex only for essential investments and best allocate strategic resources

2. Maximizing response to customer demand

ESS: actively secure new projects for power infrastructure and data centers, and promptly stabilize North American production facilitiesEV: proactively respond to EV demand recovery, leverage global production sites to respond to a solid demand for cylindrical EV batteries

3. Stabilizing the supply chain

Enhance monitoring for all raw materials and advance proactive sourcing strategiesMinimize logistics costs impacts by securing shipping capacity in advance, etc.

4. Reinforcing product competitiveness

Advance product specs: system integration (SI)-based software for ESS, fast charging for EVsSecure next-generation technologies: dry electrode processing, all-solid-state batteries, sodium-ion batteries

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 90,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

 

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-releases-2026-first-quarter-financial-results-302758128.html

SOURCE LG Energy Solution

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Super Famicom Style Comes to PS5 and PC with Killscreen’s SFC-1 Controller

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Killscreen™ launches SFC-1, a Super Famicom-inspired custom controller for PC and PS5 featuring retro 16-bit styling, multicolor face buttons, and optional performance upgrades including TMR Anti-Drift Thumbsticks, Omron powered Mecha Triggers™, and mechanical face buttons.

LARGO, Fla., June 19, 2026 /PRNewswire-PRWeb/ — Killscreen™ today announced the launch of SFC-1, a new custom performance controller inspired by the Japanese Super Famicom and the 16-bit era of gaming. Built for PC and PlayStation 5 players, SFC-1 brings the unmistakable visual style of classic Japanese gaming hardware into a modern performance controller.

With SFC-1, we wanted to capture a little bit of that Super Famicom feeling and bring it forward for PC and PS5.

SFC-1 features a retro SFC-inspired aesthetic with a soft gray body, graphite directional controls, and multicolor face buttons in blue, green, red, and yellow. The design draws from the Japanese Super Famicom console and controller — 16-bit hardware many players in the U.S. first discovered through magazines, import shops, and collector culture.

“Growing up, the Super Famicom always felt like this mysterious, cooler version of the system we got in the U.S.,” said Erik at Killscreen. “The gray body, the colored buttons, the shape of the console — it had this completely different energy. It felt like hardware from another world. With SFC-1, we wanted to capture a little bit of that feeling and bring it forward for PC and PS5.”

Beyond its retro-inspired design, SFC-1 is available with Killscreen’s premium performance upgrade options, including TMR Anti-Drift Thumbsticks for improved precision, durability, and long-term resistance to stick drift. Players can also configure SFC-1 with Mecha Triggers™, featuring high-performance Omron microswitches for shorter, faster trigger pulls, and mechanical face buttons for crisp, tactile inputs.

SFC-1 is designed for players who want a unique custom controller with a clear connection to gaming history, without giving up modern performance options. Like all Killscreen controllers, SFC-1 can be configured from a clean standard build to a competition-focused setup, giving players the ability to choose the controller that fits how they play.

The release continues Killscreen’s growing line of retro-inspired modern gaming hardware, following previous controllers that reimagine classic PlayStation, Xbox, and Nintendo-era design cues for today’s players.

The SFC-1 Super Famicom-inspired PS5 controller is available now exclusively at killscreen.io.

Key Features

Retro SFC-inspired aesthetic — Classic 16-bit color styling with multicolor face buttons inspired by the Japanese Super Famicom console and controller.TMR Anti-Drift Thumbstick upgrade option — Built for improved precision, durability, and long-term resistance to stick drift.Mecha Triggers™ upgrade option — High-performance Omron microswitch triggers with shorter, faster pulls designed for quicker response in competitive play.Mechanical face button upgrade option — Crisp, tactile button inputs with a more responsive mechanical feel.Configurable performance-focused build options — Available in standard or upgraded configurations depending on how players want to build their controller.Full PC + PS5 compatibility — Designed for PlayStation 5 and compatible PC gaming setups.

About Killscreen

Killscreen™ is a premium gaming hardware company focused on custom performance controllers for PlayStation, Xbox, and PC players. Combining distinctive industrial design with competition-focused upgrade options, Killscreen builds next-generation controllers engineered for precision, speed, durability, and personal expression.

For more information, visit For more information, visit Killscreen custom performance controllers.

Media Contact

Maya, Killscreen LLC, 1 212-457-1776, pr@killscreen.io, https://killscreen.io

View original content to download multimedia:https://www.prweb.com/releases/super-famicom-style-comes-to-ps5-and-pc-with-killscreens-sfc-1-controller-302804993.html

SOURCE Killscreen LLC

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AKA Foods Launches AKA Label Studio, a Free Food Labelling Tool for FDA and EU/UK Markets

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AMSTELVEEN, Netherlands, June 19, 2026 /PRNewswire/ — AKA Foods, a European food technology company, today launched AKA Label Studio, a free food labelling tool that produces compliant labels for the US (FDA) and Europe (EU/UK) markets. The product is available immediately at no charge, with no usage tier, no usage cap and no credit card required.

AKA Label Studio is built for food product developers, QA leads, regulatory teams and consumer packaged goods brands. Comparable nutrition and regulatory labelling software typically costs between $500 and $1,500 per user per year. AKA Label Studio is the company’s first free product and an entry point to the wider AKA Studio platform, the AI-powered R&D system used by AKA Foods’ paying customers.

Built by AKA Foods’ in-house food R&D team

AKA Label Studio was developed by the same in-house food R&D team behind AKA Studio. The product includes a Feedback bar on every page, where users can submit requested features. AKA Foods has committed to building the most-requested capabilities and publishing what it ships.

“We have spent two years building a professional food labelling tool inside AKA. Today we are making it available to the food industry free of charge. The food professionals who use it will tell us what to build next.”
David Sack, CEO and co-founder, AKA Foods

Product features

AKA Label Studio supports FDA and EU/UK compliance from a single tool, with a two-click market switch. It automatically detects the US Big 9 and the 14 EU-regulated allergens, includes a compliance review workflow and a live regulatory radar covering FDA and EFSA sources. Recipe versions, lab results and multi-recipe reports are included. Labels export as print-ready PNG, SVG or PDF.

“AKA Label Studio is a full implementation of food labelling functionality. It has been built to the same standard as the rest of the AKA Studio platform used by our paying customers.”
Shahar Rosentraub, Chief Product Officer, AKA Foods

AKA Studio integration

AKA Studio integrates formulation science, sensory data and institutional knowledge into a single AI-powered R&D system for food product development. The platform was named in the FoodTech 500 and received the Fi Europe Innovation Award 2025. Users of AKA Label Studio see references to AKA Studio inside the product, with an upgrade path to a paid licence.

AKA Label Studio is available immediately at www.aka-food.com. Registration requires an email and a phone number for verification.

Media contact
Olga Sukhman, AKA Foods
417131@email4pr.com
+1 888 301 5010

View original content to download multimedia:https://www.prnewswire.com/news-releases/aka-foods-launches-aka-label-studio-a-free-food-labelling-tool-for-fda-and-euuk-markets-302804708.html

SOURCE AKA Foods

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In HelloNation, Plumbing Expert Manny Valdez Explains What a Plumbing Estimate Should Include

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The article outlines how Southern Arizona homeowners can review a plumbing estimate to understand scope, permits, and warranty coverage before work begins.

ORO VALLEY, Ariz., June 19, 2026 /PRNewswire/ — What should homeowners expect to see in a written plumbing estimate before approving a plumbing repair or installation? HelloNation recently published an article that explains what Southern Arizona homeowners should review in a plumbing estimate before any project begins.

The article features insights from Plumbing Expert Manny Valdez of Acclaimed Drain and Plumbing Solutions LLC. The HelloNation article explains that a plumbing estimate should function as a clear roadmap for the repair or project, outlining the scope of work, permit requirements when applicable, and plumbing warranty coverage.

According to the article, transparency is one of the most important elements of a written plumbing estimate. Homeowners should be able to clearly understand the work being performed and the total cost of the project before the job begins. This clarity helps prevent misunderstandings between the homeowner and the plumber.

The article also notes that a detailed plumbing estimate should identify what is not included in the project. Because many plumbing estimates use flat-rate pricing, homeowners may receive a single price for the job without separate breakdowns for labor, materials, or equipment. Reviewing exclusions and asking questions helps homeowners understand the full scope of the work.

Local conditions can also influence how plumbing repairs are handled in Southern Arizona plumbing systems. Hard water is common throughout the region and can cause mineral buildup and corrosion in pipes and fixtures over time. The article explains that a thorough plumbing estimate should describe how the plumber plans to address the underlying cause of the problem rather than simply replacing damaged components.

The scope of work should also be clearly defined within the plumbing estimate. Homeowners should confirm which areas of the home will be serviced and what specific plumbing issues will be addressed. This level of detail allows homeowners to compare estimates more accurately and ensures the project targets the intended problem.

Permit requirements are another important consideration discussed in the article. Certain plumbing installations or repairs may require city or county permits. A detailed plumbing estimate should clarify whether the licensed plumber will obtain the permit or whether the homeowner is responsible for arranging it.

Warranty coverage is also a key part of the estimate review process. The article explains that homeowners should receive a clear explanation of the plumbing warranty, including its duration and any limitations. A written list of exclusions should also be provided so homeowners understand what may not be covered after the repair is completed.

Communication during the estimate process plays a major role in homeowner plumbing decisions. Reliable professionals take time to explain the estimate, answer questions, and provide realistic timelines for the project. This communication helps homeowners understand what to expect throughout the repair process.

Experience with regional plumbing conditions is another factor homeowners should consider when reviewing an estimate. Homes in Tucson, Marana, and Oro Valley often face challenges related to hard water, aging infrastructure, and desert climate conditions. A Tucson plumber or Oro Valley plumber familiar with these conditions may provide estimates that reflect practical solutions designed to last.

Referrals and online reviews may also support the evaluation process. Feedback from previous clients can help homeowners determine whether a Marana plumber or other local professional typically completes projects within the estimated scope and timeframe.

The article concludes that reviewing a plumbing estimate carefully helps homeowners protect their investment and reduce the risk of unexpected costs. By confirming the scope of work, permit responsibilities, and plumbing warranty coverage, homeowners can make informed decisions and prepare for successful repairs.

What a Written Plumbing Estimate Should Include for Southern Arizona Homeowners features insights from Manny Valdez, Plumbing Expert of Oro Valley, Arizona, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-plumbing-expert-manny-valdez-explains-what-a-plumbing-estimate-should-include-302805396.html

SOURCE HelloNation

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