Connect with us

Technology

NAPCO Security Technologies, Inc. Reports Fiscal 2026 Q3 Results

Published

2 days ago

on

Fiscal Q3 2026 Highlights

Q3 Net revenues of $49.2 million, a 11.8% YoY increaseEquipment revenue increased 8.4% YoY to $24.2 millionRecurring service revenue (“RSR”) increased 15.4% YoY to $24.9 million with a 90.4% gross marginRSR had a prospective annual run rate of approximately $101 million based on April 2026 recurring service revenues.Gross profit margin for Q3 2026 of 60.0% vs 57.2% in prior fiscal year quarterNet (loss) income for the three and nine months ended March 31, 2026, of $(0.4) million and $25.3 million is inclusive of a $16.0 million litigation settlement chargeNon-GAAP Diluted Net Income per share increased YoY to $0.39 vs $0.28Q3 Adjusted EBITDA increased 20.2% YoY to $15.8 million with an Adjusted EBITDA Margin of 32.2%The Board declared a quarterly dividend of $0.15 per share, payable on July 3, 2026 to shareholders of record on June 12, 2026.

AMITYVILLE, N.Y., May 4, 2026 /PRNewswire/ — NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the leading manufacturers and designers of high-tech electronic security equipment, wireless communication devices for intrusion and fire alarm systems and the related recurring service revenues as well as a provider of school safety solutions, today announced financial results for its third quarter of fiscal 2026.  Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.  

Three months ended March 31, 

Nine months ended March 31, 

(dollars in thousands)

(dollars in thousands)

% Increase/

% Increase/

Financial Highlights

2026

2025

(decrease)

2026

2025

 (decrease)

GAAP Results

Net Revenue

$

49,167

$

43,961

11.8

%

$

146,507

$

130,897

11.9

%

Gross Profit

$

29,489

$

25,127

17.4

%

$

85,573

$

74,232

15.3

%

Gross Profit Margin

60.0

%

57.2

%

58.4

%

56.7

%

Operating (Loss) Income

$

(1,188)

$

11,146

(110.7)

%

$

27,208

$

34,173

(20.4)

%

Net (Loss) Income

$

(408)

$

10,122

(104.0)

%

$

25,260

$

31,774

(20.5)

%

Diluted (Loss) Earnings Per Share

$

(0.01)

$

0.28

(103.6)

%

$

0.70

$

0.86

(18.6)

%

Non-GAAP Results

Operating Income

$

14,812

$

11,146

32.9

%

$

43,208

$

34,173

26.4

%

Net Income

$

13,859

$

10,122

36.9

%

$

39,527

$

31,774

24.4

%

Net Income Margin

28.2

%

23.0

%

27.0

%

24.3

%

Diluted Earnings Per Share

$

0.39

$

0.28

39.3

%

$

1.10

0.86

27.9

%

Adjusted EBITDA

$

15,820

$

13,161

20.2

%

$

46,112

$

37,877

21.7

%

Adjusted EBITDA Margin

32.2

%

29.9

%

31.5

%

28.9

%

Adjusted EBITDA Per Share

$

0.44

$

0.36

22.2

%

$

1.28

$

1.03

% 

24.3

%

Free Cash Flows

$

16,022

$

13,314

20.3

%

$

41,979

$

37,024

13.4

%

Free Cash Flows Margin

32.6

%

30.3

%

28.7

%

28.3

%

1. In millions except percentages and per share data or as otherwise noted.

Richard Soloway, Chairman and CEO, commented, “Our Fiscal Q3 performance reflects positive financial results, including record Q3 Adjusted EBITDA of $15.8 million, which was sustained by our recurring service revenue with its continued year over year double digit growth, and the consistent demand for our door-locking products that drove growth in our equipment revenue and improved equipment gross margins, which increased to approximately 29%. Our RSR continues to sustain gross margins of over 90%, represents approximately 51% of total revenue in Q3, and has a prospective run rate of approximately $101 million based on our April 2026 recurring service revenue. Our revenue growth and margin expansion resulted in a 37% increase in Non-GAAP net income, a 20% increase in Adjusted EBITDA and our adjusted EBITDA margin was 32.2% as compared to 29.9% in Q3 of Fiscal 2025.

As such we are pleased to continue our dividend program and will be paying the next quarterly dividend of $0.15 per share on July 3, 2026 to shareholders of record on June 12, 2026.”

Conference Call Information

Management will conduct a conference call at 11 a.m. ET today, May 4, 2026, and in order to participate please go to the Investor Relations section of the Company website at https://investor.napcosecurity.com/events-presentations or choose https://app.webinar.net/Yr185qlxvQE. Alternatively, interested parties may participate in the call by dialing (US) 1-800-836-8184 or 1-646-357-8785.  A replay of the webcast will be available on the Investor Relations section of the Company’s website.

About NAPCO Security Technologies, Inc.

NAPCO Security Technologies, Inc., is one of the leading manufacturers and designers of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a provider of school safety solutions, The Company consists of four Divisions: NAPCO, plus three wholly owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. Headquartered in Amityville, New York, its products are installed by tens of thousands of security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market. For additional information on NAPCO, please visit the Company’s web site at http://www.napcosecurity.com.

Safe Harbor Statement

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, but are not limited to, statements relating to the impact of COVID-19 pandemic; supply chain challenges and developments; the growth of recurring service revenues and annual run rate; the strength of our balance sheet; our expectations regarding future results; the introduction of new access control and locking products; the opportunities for school security products; business trends , including the replacement of 3G radios, and our ability to execute our business strategies. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements because of certain factors, including those risk factors set forth in the Company’s filings with the Securities and Exchange Commission, such as our annual report on Form 10-K and quarterly reports on Form 10-Q. Other unknown or unpredictable factors or underlying assumptions subsequently proved to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and the Company undertakes no duty to update such information, except as required under applicable law.

*Non-GAAP Financial Measures

Certain non-GAAP measures are included in this press release, including non-GAAP operating income, non-GAAP net income, non-GAAP net income per share (diluted), non-GAAP net income margin, Adjusted EBITDA, Adjusted EBITDA per share (diluted), Adjusted EBITDA per share margin, Free Cash Flow and Free Cash Flow margin. We define non-GAAP net income as GAAP net income plus litigation settlement costs. We define Adjusted EBITDA as GAAP net income plus income tax expense, net interest income (expense), stock-based compensation, non-recurring legal expense, litigation settlement costs, and depreciation and amortization expense.  Non-GAAP net income margin is non-GAAP net income divided by revenue. Adjusted EBITDA margin is Adjusted EBITDA divided by revenue. We define Free Cash Flow (FCF) as net cash provided by operating activities less capital expenditures. FCF margin is the FCF divided by revenue. These non-GAAP measures are provided to enhance the user’s overall understanding of our financial performance. By excluding these charges our non-GAAP results provide information to management and investors that is useful in assessing NAPCO’s core operating performance and in comparing our results of operations on a consistent basis from period to period. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as Adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. The presentation of this information is not meant to be a substitute for the corresponding financial measures prepared in accordance with generally accepted accounting principles. Investors are encouraged to review the reconciliation of GAAP to non-GAAP financial measures set forth above.

NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31, 2026

June 30, 2025

(in thousands, except share data)

Assets

Current Assets

Cash and cash equivalents

$

114,408

$

83,081

Marketable securities

10,544

16,095

Accounts receivable, net of allowance for credit losses of $27 and $25 as of March 31, 2026

and June 30, 2025, respectively

28,527

30,108

Inventories

33,384

29,962

Income tax receivable

2,765

—

Prepaid expenses and other current assets

3,146

3,198

Total Current Assets

192,774

162,444

Inventories – non-current

10,012

11,313

Property, plant and equipment, net

9,297

9,233

Intangible assets, net

3,064

3,287

Deferred income taxes

1,697

6,476

Operating lease – Right-of-use asset

4,975

5,188

Other assets

190

200

Total Assets

$

222,009

$

198,141

Liabilities and Stockholders’ Equity

Current Liabilities

Accounts payable

$

5,786

$

5,742

Accrued expenses

7,999

8,712

Accrued litigation costs

16,000

—

Accrued salaries and wages

3,834

4,398

Dividends payable

5,357

4,992

Accrued income taxes

—

213

Total Current Liabilities

38,976

24,057

Accrued income taxes

34

143

Operating lease liability

5,217

5,335

Total Liabilities

44,227

29,535

Commitments and Contingencies (Note 13)

Stockholders’ Equity

Common Stock, par value $0.01 per share; 100,000,000 shares authorized as of March 31,

2026 and June 30, 2025; 39,841,951 and 39,771,035 shares issued; and 35,727,337 and

35,656,421 shares outstanding, respectively.

398

398

Additional paid-in capital

24,523

25,280

Retained earnings

209,001

199,083

Treasury Stock, at cost, 4,114,614 shares as of both March 31, 2026 and June 30, 2025

(56,315)

(56,315)

Accumulated other comprehensive income

175

160

Total Stockholders’ Equity

177,782

168,606

Total Liabilities and Stockholders’ Equity

$

222,009

$

198,141

 

NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months ended March 31, 

2026

2025

(in thousands, except for share and per share data)

Revenue:

Equipment revenue

$

24,238

$

22,351

Service revenue

24,929

21,610

Total revenue

49,167

43,961

Cost of Revenue:

Cost of equipment revenue

17,289

16,852

Cost of service revenue

2,389

1,982

Total cost of revenue

19,678

18,834

Gross Profit

29,489

25,127

Operating Expenses:

Research and development

3,418

3,185

Selling, general, and administrative

11,259

10,796

Litigation settlement cost

16,000

—

Total Operating Expenses

30,677

13,981

Operating (Loss) Income

(1,188)

11,146

Other Income:

Interest income, net

881

762

Other income, net

105

100

(Loss) Income before Provision for Income Taxes

(202)

12,008

Provision for Income Taxes

206

1,886

Net (Loss) Income

$

(408)

$

10,122

(Loss) Income Per Share:

Basic

$

(0.01)

$

0.28

Diluted

$

(0.01)

$

0.28

Weighted Average Number of Shares Outstanding:

Basic

35,691,000

36,111,000

Diluted

35,691,000

36,253,000

 

NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Nine Months Ended March 31, 

2026

2025

(in thousands, except for share and per share data)

Revenue:

Equipment revenue

$

74,300

$

66,993

Service revenue

72,207

63,904

Total revenue

146,507

130,897

Cost of Revenue:

Cost of equipment revenue

53,942

50,968

Cost of service revenue

6,992

5,697

Total cost of revenue

60,934

56,665

Gross Profit

85,573

74,232

Operating Expenses:

Research and development

10,131

9,349

Selling, general, and administrative expenses

32,234

30,710

Litigation settlement cost

16,000

—

Total Operating Expenses

58,365

40,059

Operating Income

27,208

34,173

Other Income:

Interest income, net

2,618

2,631

Other income, net

346

296

Income before Provision for Income Taxes

30,172

37,100

Provision for Income Taxes

4,912

5,326

Net Income

$

25,260

$

31,774

Income Per Share:

Basic

$

0.71

$

0.87

Diluted

$

0.70

$

0.86

Weighted Average Number of Shares Outstanding:

Basic

35,689,000

36,511,000

Diluted

35,911,000

36,743,000

 

NAPCO SECURITY TECHNOLOGIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

Nine Months ended March 31, 

2026

2025

(in thousands)

Cash Flows from Operating Activities

Net Income

$

25,260

$

31,774

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

1,670

1,705

Change in accrued interest on other investments

—

(194)

Unrealized gain on marketable securities

—

(131)

Realized gain on sales of marketable securities

(296)

—

Charge (recovery) of credit losses

2

(12)

Change to inventory reserve

(580)

78

Deferred income taxes

4,779

(2,324)

Stock-based compensation expense

784

1,143

Changes in operating assets and liabilities:

Accounts receivable

1,579

7,660

Inventories

(1,541)

2,973

Prepaid expenses and other current assets

52

841

Income tax receivable

(2,769)

(905)

Other assets

10

84

Accounts payable, accrued expenses, accrued litigation costs, accrued salaries and wages,

accrued income taxes

14,541

(3,789)

Net Cash Provided by Operating Activities

43,491

38,903

Cash Flows from Investing Activities

Purchases of property, plant, and equipment

(1,512)

(1,879)

Purchases of marketable securities

(7,825)

(10,222)

Proceeds from sales of marketable securities

13,691

—

Purchases of other investments

—

(78)

Redemption of other investments

—

27,252

Net Cash Provided by Investing Activities

4,354

15,073

Cash Flows from Financing Activates

Proceeds from stock option exercises

—

54

Dividends paid

(14,977)

(9,164)

Repurchase of common stock

—

(36,794)

Payment of tax withholdings related to stock option exercises

(1,541)

—

Net Cash Used in Financing Activities    

(16,518)

(45,904)

Net increase in Cash and Cash Equivalents

31,327

8,072

Cash and Cash Equivalents – Beginning

83,081

65,341

Cash and Cash Equivalents – Ending

$

114,408

$

73,413

Supplemental Cash Flow Information

Interest paid

$

—

$

—

Income taxes paid

$

3,114

$

8,350

Non-Cash Investing and Financing Transactions

Dividends declared and not paid

$

5,357

$

4,467

 

NAPCO SECURITY TECHNOLOGIES, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL DATA*

(unaudited)

(in thousands, except share and per share data)

Non-GAAP Adjustments

Litigation

Settlement

Tax

GAAP

Cost

Adjustments (1)

Non-GAAP

Three months ended March 31, 2026

Revenue

$

49,167

$

—

$

—

$

49,167

Gross Profit

29,489

—

—

29,489

Operating Expenses

30,677

(16,000)

—

14,677

Operating (loss) Income

(1,188)

16,000

—

14,812

Net (loss) Income

(408)

16,000

(1,733)

13,859

Non-GAAP adjusted net income margin

28.2

%

Non-GAAP adjusted net income per share – diluted

$

0.39

Three months ended March 31, 2025

Revenue

$

43,961

$

—

$

—

$

43,961

Gross Profit

25,127

—

—

25,127

Operating Expenses

13,981

—

—

13,981

Operating (loss) Income

11,146

—

—

11,146

Net (loss) Income

10,122

—

—

10,122

Non-GAAP adjusted net income margin

23.0

%

Non-GAAP adjusted net income per share – diluted

$

0.28

Nine months ended March 31, 2026

Revenue

$

146,507

$

—

$

—

$

146,507

Gross Profit

85,573

—

—

85,573

Operating Expenses

58,365

(16,000)

—

42,365

Operating Income

27,208

16,000

—

43,208

Net Income

25,260

16,000

(1,733)

39,527

Non-GAAP adjusted net income margin

27.0

%

Non-GAAP adjusted net income per share – diluted

$

1.10

Nine months ended March 31, 2025

Revenue

$

130,897

$

—

$

—

$

130,897

Gross Profit

74,232

—

—

74,232

Operating Expenses

40,059

—

—

40,059

Operating Income

34,173

—

—

34,173

Net Income

31,774

—

—

31,774

Non-GAAP adjusted net income margin

24.3

%

Non-GAAP adjusted net income per share – diluted

$

0.86

Three months ended March 31,

Nine months ended March 31,

2026

2025

2026

2025

Denominator:

Weighted average shares outstanding

Basic, as reported

35,691,000

36,111,000

35,689,000

36,511,000

Effect of Dilutive Securities

—

142,000

222,000

232,000

Diluted, (Denominator)

35,691,000

36,253,000

35,911,000

36,743,000

1.

The ‘with or without’ method is utilized to determine the income tax effect of all Non-GAAP adjustments.

 

NAPCO SECURITY TECHNOLOGIES, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL DATA*

(unaudited)

(in thousands, except share and per share data)

Three months ended March 31, 

Nine months ended March 31, 

2026

2025

2026

2025

Non-GAAP adjusted EBITDA:

Net (loss) income, as reported

$

(408)

$

10,122

$

25,260

$

31,774

Interest income, net

(881)

(762)

(2,618)

(2,631)

Provision for income taxes

206

1,886

4,912

5,326

Depreciation and amortization

535

572

1,670

1,705

Non-GAAP EBITDA

(548)

11,818

29,224

36,174

Adjustments:

Stock based compensation

290

386

784

1,143

Nonrecurring legal expense(1)

78

957

104

560

Litigation settlement cost(2)

16,000

—

16,000

—

Total adjustments

16,368

1,343

16,888

1,703

Non-GAAP adjusted EBITDA

$

15,820

$

13,161

$

46,112

$

37,877

Non-GAAP adjusted EBITDA margin

32.2

%

29.9

%

31.5

%

28.9

%

Non-GAAP per share data:

Non-GAAP adjusted EBITDA per share – diluted

$

0.44

$

0.36

$

1.28

$

1.03

Denominator:

Weighted average shares outstanding

Basic, as reported

35,691,000

36,111,000

35,689,000

36,511,000

Effect of Dilutive Securities

—

142,000

222,000

232,000

Diluted, (Denominator)

35,691,000

36,253,000

35,911,000

36,743,000

1.

Nonrecurring Legal Expenses, which are net of any insurance reimbursements, are legal fees that are determined not to be of a normal recuring nature and expenses necessary to operate the business

2.

Litigation settlement costs, which are net of any insurance reimbursements, were determined not to be of a recurring nature and costs that are not in the normal cost of business or necessary to operate the business

 

Three months ended March 31, 

Nine months ended March 31, 

(dollars in thousands)

(dollars in thousands)

2026

2025

2026

2025

Free cash flow:

Net Cash Provided by Operating Activities

$

16,756

$

13,379

$

43,491

$

38,903

Less: Purchases of property, plant, and equipment

(734)

(65)

(1,512)

(1,879)

Free Cash Flow(1)

$

16,022

$

13,314

$

41,979

$

37,024

Free Cash Flow Margin(1)

32.6

%

30.3

%

28.7

%

28.3

%

1.

Free cash flow is calculated as net cash provided by operating activities less capital expenditures. Free cash flow margin is the free cash flow divided by revenue.  

Contacts:
Francis J. Okoniewski
Vice President of Investor Relations
NAPCO Security Technologies, Inc.
Office 800-645-9445 x 374
Mobile 516-404-3597
fokoniewski@napcosecurity.com

View original content:https://www.prnewswire.com/news-releases/napco-security-technologies-inc-reports-fiscal-2026-q3-results-302760891.html

SOURCE NAPCO Security Technologies, Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Toronto firm fined $5,000 for unauthorized use of professional engineer’s seal

Published

8 minutes ago

on

May 6, 2026

By

TORONTO, May 6, 2026 /CNW/ – The Ontario Court of Justice has fined a Toronto firm $5,000 for applying a facsimile of a professional engineer’s seal to an engineering report without the engineer’s knowledge or consent.

In June 2023, 11951076 Canada Inc., operating as Studio Four, affixed an engineer’s seal to an engineering report and submitted it to the City of Hamilton in connection with a residential building project. The engineer whose seal was used did not authorize the use of the seal.

A complaint was made to Professional Engineers Ontario (PEO), which investigated and laid charges under the Professional Engineers Act (PEA).

On April 24, 2026, Studio Four pleaded guilty to one count of breaching section 40(3)(b) of the PEA. The firm’s two directors, Salim Afroz and Ashweek Chhabra, also pleaded guilty to breaching section 40(5) of the Act in connection with this conduct.

Studio Four was ordered to pay a $5,000 fine. The two directors each received suspended sentences.

As the regulator of professional engineering in Ontario, PEO reminds the public that the unauthorized use or forgery of a professional engineer’s seal on construction or design drawings is a quasi-criminal offence under the PEA. Such conduct may also result in criminal charges under the Criminal Code of Canada.

PEO administers the Professional Engineers Act to serve and protect the public interest by licensing Ontario’s more than 98,000 professional engineers and engineering firms. Professional engineers can be identified by the “P.Eng.” designation following their names.

Members of the public can verify a professional engineer or engineering firm by searching PEO’s public directories at peo.on.ca/directory. Concerns about unlicensed individuals or unauthorized firms may be reported through PEO’s enforcement hotline at 416-840-1444, 1-800-339-3716 ext. 1444, or enforcement@peo.on.ca.

SOURCE Professional Engineers Ontario

Continue Reading

Technology

Tell a Friend, Save on Travel! EF World Journeys Launches Cross-Brand Referral Program That Rewards Travelers to Inspire the People in Their Lives to Tour the Globe

Published

9 minutes ago

on

May 6, 2026

By

New benefit allows travelers to unlock savings on future trips by introducing friends and family to EF Go Ahead Tours, EF Ultimate Break, and EF Adventures

CAMBRIDGE, Mass., May 6, 2026 /PRNewswire/ — EF World Journeys, a leader in guided, experiential travel for adults from Gen Z to Baby Boomers, today announced the launch of a new referral program, a travel rewards benefit that can be redeemed across EF Go Ahead Tours, EF Ultimate Break, and EF Adventures.

Under the new program, travelers will receive $100 in travel credit for every friend who books a trip using their referral, with every fifth referral earning you $500 and no cap on total rewards earned. In short, the more friends or family who book from your referral, the more you save on your next trip.

Each year, guided trips across EF World Journeys’ portfolio bring travelers together through shared experiences that extend far beyond the journey itself. Many of those travelers continue to engage with the people they meet on tour, often exchanging photos, stories, and future travel inspiration well after returning home. The new referral program builds on the natural desire to share those experiences, offering travelers easy ways to connect and invite friends, family members, and fellow adventurers to experience a guided group tour for themselves.

“At EF, we’ve always believed that one of the most powerful parts of travel is the connections and communities we create along the way,” said Heidi Durflinger, CEO of EF World Journeys USA. “This referral program makes that even easier, giving our travelers a way to bring friends and family into the experience while continuing to grow a global community of people who choose to explore the world together.”

How it works: Give $100. Get $100.

Refer a friend: Any traveler who has taken a trip with or is currently booked on tour  with EF Go Ahead Tours, EF Ultimate Break, or EF Adventures can now share a personal referral link via email, text, social media, or their respective EF World Journeys mobile app. Friends must be new to EF World Journeys, 18 or older, and have a valid email address to qualify.Both travelers earn $100: When the referred traveler books, both receive $100 in travel credit. Rewards are issued 60 days after booking confirmation, and referrals must book within six months.Earn $500 on every fifth referral: Referring travelers receive $500 for every fifth successful referral. There is no limit to how many referrals can be made, and rewards NEVER expire.

To celebrate the launch of the new referral program, EF Go Ahead Tours is offering an additional limited-time incentive. For the month of May 2026, travelers who refer a friend that books an EF Go Ahead Tours trip will receive an extra $100 referral reward on top of the standard program credit. The promotional bonus applies exclusively to EF Go Ahead Tours bookings and is available for a limited time.

One program. Three brands. Built for every kind of traveler.

EF World Journeys’ referral benefits are available when booking across its entire portfolio of guided, experiential travel companies, allowing travelers to earn and share rewards regardless of which tour operator they or their friends or family choose.

EF Go Ahead Tours offers curated guided travel for adults of all ages, including multi-generational travel groups and private or customized group tours.EF Ultimate Break serves travelers ages 18–35 with social, immersive itineraries.EF Adventures provides hiking, biking, and multi-adventure trips for active adults with a focus on lifelong learning, wellness and community.

Because the referral program spans all three tour operators at EF World Journeys, credits can move naturally within families and friend networks whose travel styles differ.

For example, a traveler who just had a life-changing trip on EF Go Ahead Tours’ A Week in Greece can refer her college-aged daughter to EF Ultimate Break’s Europe’s Icons: London, Paris & Rome and both receive $100 towards their next tour. She can then refer her basketball coach who is a hiking enthusiast to EF Adventure’s Italy Hiking: The Dolomites — and earn again.

This cross brand traveler benefit ensures that no matter how or where someone chooses to book travel across EF Go Ahead Tours, EF Ultimate Break, or EF Adventures – the rewards follow.

For EF Go Ahead Tours, please visit: https://www.goaheadtours.com/about/referrals
For EF Ultimate Break, please visit: https://www.efultimatebreak.com/traveling-with-us/refer-a-friend
For EF Adventures, please visit: https://www.efadventures.com/about/referrals-program

About EF World Journeys
EF World Journeys  is a leader in guided, experiential travel. We connect cultures, communities, and people through guided, group travel with leading tour operator brands like EF Ultimate Break (adults 18-35), EF Go Ahead Tours (adults 35+), and our newest brand, EF Adventures, focused on adventure tours for the active traveler in you. EF World Journeys is part of EF Education First. For over 60 years, EF has planned guided tours with a focus on education and cultural immersion. EF offers travelers 24/7 global support, affordable payment plans, and supports tours in more than 400 destinations worldwide. Since 1965, EF has been committed to opening the world through education. At EF World Journeys, we do just that, helping people of all ages experience the magic of travel, connecting travelers with new places, cultures, and, best of all, a diverse community of people excited to explore the world.

About EF Go Ahead Tours
EF Go Ahead Tours offers more than 200 guided trips across six continents. Each carefully planned, expertly led tour makes it easy for curious travelers of all ages to get to the heart of a destination. With a maximum group size well below the industry average, each trip has the perfect balance of planned sightseeing and free time to explore.

EF Go Ahead Tours is a tour operator brand within EF World Journeys, one of North America’s leading guided, experiential travel companies.

Join EF Go Ahead Tours’ affiliate program, supported by AWIN and earn commissions on booked tours.

About EF Ultimate Break
EF Ultimate Break is the best way to experience the world for anyone 18-35. With over 175 trips, we handle logistics for everything that makes travel a great experience from accommodations to flights to amazing tour directors to memory-making excursions. Our affordable interest-free payment plans make international travel possible for every traveler. EF Ultimate Break is part of EF World Journeys, a leader in guided, experiential travel with tour operator brands that also include EF Go Ahead Tours (adults 35+) and EF Adventures (all ages, 14+ with adult supervision). 

Are you an influencer or creator who wants to lead tours with your growing audience? Earn commissions on each booking by joining our influencer-hosted tour program. 

Media partners can now participate in EF Ultimate Break’s affiliate marketing program and earn commissions for tour bookings. Click here to learn more.

About EF Adventures
EF Adventures is an education-based adventure travel company offering 40+ guided tours across 25 countries and 5 continents. Launched in September 2024 as part of the EF World Journeys family of experiential travel brands, EF Adventures builds on more than 30 years of EF’s global expertise in educational and cultural immersion.

Each small-group tour blends active exploration with authentic learning, inviting travelers to engage with local traditions, communities, and ecosystems through guided experiences like hiking, biking, and multi-adventure activities such as kayaking, yoga, ziplining, and more. Designed for varied fitness levels and age groups, the EF Adventures experience combines adventure-based activity with hands-on cultural discovery that transforms how people see the world.

EF Adventures invites publishers and creators to become part of its growing affiliate network. Earn competitive commissions on confirmed bookings by referring travelers to efadventures.com. Learn more and apply here.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tell-a-friend-save-on-travel-ef-world-journeys-launches-cross-brand-referral-program-that-rewards-travelers-to-inspire-the-people-in-their-lives-to-tour-the-globe-302761895.html

SOURCE EF World Journeys

Continue Reading

Technology

NEO Battery Partners with Highest-Ranking ROK Army’s Capital Defense Command for Defense Drone & Robotics Batteries

Published

9 minutes ago

on

May 6, 2026

By

Defense technology partnership with Republic of Korea (“ROK) Army’s Capital Defense Command (“CDC”), one of the highest-ranking command units responsible for securing the Presidential Office, the capital and key national infrastructureFocuses on battery supply and integration within CDC defense drone and robotics units, featuring specialized drone training and technical battery advisoryLeverages the CDC’s decision-making authority to accelerate the adoption of Korea-made battery technology across broader national defense and military units

TORONTO, May 6, 2026 /CNW/ – NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and physical AI, is pleased to announce it has entered into a significant defense partnership agreement (the “Agreement”) with the Republic of Korea (“ROK”) Army’s Capital Defense Command (CDC) – a direct reporting unit to the President of South Korea and the Joint Chiefs of Staff. Stationed in Seoul and known as the “Shield Unit”, the CDC is one of the highest-ranking national command units, responsible for protecting the Presidential Office (Blue House), the capital and key national infrastructure.

This partnership represents a strategic expansion into a higher command level within the ROK Army, operating directly under the Army Headquarters with significant decision-making and procurement authority. The Agreement builds on NEO’s momentum in its Korean Defense Integration Strategy (see previously announced partnerships with the 12th Infantry Division dated April 1, 2026, and the Capital Mechanized Infantry Division dated April 22, 2026), and serves as a critical milestone due to the CDC’s ability to advocate for the prompt implementation of non-Chinese battery solutions that meet stringent security clearance and performance requirements.

The Agreement will focus on the supply and deployment of high-performance, defense batteries within the CDC’s drone and robotics units to enhance operational runtime and energy efficiency. Furthermore along with Korean drone partners, NEO will provide specialized drone training and technical battery advisory to support CDC’s personnel, all of whom are required to be certified in drone operations. This Agreement followed a successful live demonstration of NEO’s high-energy drone batteries held at the CDC’s parade ground on April 30, 2026.

Lieutenant General Changjoon Eo, Commander of the Capital Defense Command, expressed, “The CDC was highly impressed with the drone flight time performance exhibited by NEO’s high-performance batteries compared to commercial Chinese products. As the ROK Army and its units initiate the transition towards a Korea-made supply chain, NEO Battery will act as an integral partner for the CDC and its sub-units to ensure traceability and performance for defense batteries in our drone and robotics platforms.”

“Securing this partnership with a high-ranking command unit such as the CDC further validates the effectiveness of NEO’s battery technology,” stated Spencer Huh, President & CEO of NEO. “As the CDC is a heavy consumer of drone technology and requires high-performance, non-Chinese components to ensure national security, NEO’s in-country presence, along with our robust performance data and wide technology offering, aptly positions us to meet stringent scopes of work for the highest levels of the ROK military.”

About the ROK Army’s Capital Defense Command
Operating under the name “Shield Unit” or Chungjeongdae, the ROK Army’s Capital Defense Command is one of the highest-ranking, corps-level military organizations within the Republic of Korea’s Armed Forces and Operations Command. The CDC is primarily responsible for defending the Presidential Office, the capital, the Ministry of National Defense facilities, major government buildings, and key national infrastructure. The Command exercises several subordinate units, including the 1st Security Group, the 1st Air Defense Brigade, the CDC Military Police Group, and the 52nd and 56th Infantry Divisions.

About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian-South Korean battery technology company focused on developing and producing silicon-enhanced lithium-ion batteries in drones, robotics, physical AI, electric vehicles, and energy storage systems. With a patent-protected, low-cost silicon manufacturing process, NEO Battery enables longer-running and ultra-fast charging properties and provides end-to-end battery solutions from materials selection, cell architecture, and process optimization. The Company aims to be a globally-leading producer of high-performance lithium-ion batteries and materials, building a secure, robust battery supply chain for Western manufacturers. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.

On Behalf of the Board of Directors
Spencer Huh
Director, President, and CEO

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of battery-related technologies; the risk associated with the effectiveness and feasibility of battery material, electrode, and cell technologies that have not yet been tested or proven on commercial scale or under real-world operating conditions; the risks associated with battery-related manufacturing process scale-up, including maintaining consistent material, component, and cell quality, production yields, and process reproducibility at a pilot, semi-commercial, or commercial scale; the risks associated with compatibility of existing battery chemistries, formulations, components, or designs; unforeseen risks associated with entering into and maintaining collaborations, joint ventures, partnerships, or commercial contracts with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery and downstream end-user supply chain; the risks associated with the failure to develop and produce commercially viable battery-related products or that technical goals may not be achieved within expected timelines or budgets under a joint development or collaboration; the risks associated with the Company’s technologies and products not meeting performance requirements or customer specifications; the risks that prototype and pilot-scale products do not advance into commercially produced products or translate into commercial orders; the risk associated with battery components and cell purchase orders and offtake supply that may not be fulfilled in full, on time, or at all as actual revenue realization depends on delivery schedules, achievement of technical milestones, and customer acceptance and validation; the risk associated with losing official vendor registration or status with existing customers; counterparty risk upon delivery of prototype and commercial products; the risks associated with constructing, completing, securing, and financing pilot, semi-commercial, and commercial battery materials, components, and cell manufacturing facilities including the Canadian and South Korean facilities; the risks associated with potential delays or increased costs with site preparation, equipment procurement and installation, and facility commissioning; the risks associated with integrating silicon anode material production, electrode manufacturing, and cell assembly within a single operational cluster or the Company’s business portfolio; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel, contracts and sales, and financing; access to adequate infrastructure and resources to support battery materials, components, and cell research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company’s strategies and business plans; the risks associated with the lithium-ion battery industry and end-users’ demand and adoption of the Company’s silicon anode technology and battery products; market adoption and integration challenges, including the difficulty of incorporating silicon anodes and silicon battery products within battery manufacturers and OEMs’ systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company’s recent Financial Statements and MD&A and in recent securities filings for the Company which are available on www.sedarplus.ca. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor, raw material, equipment, and relevant cost prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE NEO Battery Materials Ltd.

Continue Reading

Trending