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CON EDISON ENERGIZES LARGEST ELECTRIC SCHOOL BUS FLEET IN NYS FOR STUDENT TRANSPORT COMPANY GVC

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Project Reduces Pollution, Advances Health for Vulnerable Children; Future Grid Upgrades To Benefit South Bronx Community Where Childhood Asthma Rates Are Twice U.S. Average

NEW YORK, June 17, 2026 /PRNewswire/ — Con Edison is energizing the largest fleet of electric school buses in New York State, reducing emissions and improving air quality in the South Bronx, where childhood asthma rates are more than twice the national average.

Con Edison customer, GVC, a family-owned school bus company serving children with special needs in the Bronx for more than 30 years, has installed 23 dual–port chargers to power 45 new electric school buses to replace fossil fuel-powered buses. It is the largest fleet of electric school buses in the state.

“The children we transport are especially vulnerable to air and noise pollution,” said Michael Townsend, Compliance Officer, GVC. “Transitioning our fleet to electric is making a difference in people’s lives. The children we transport, and all those who live and work in the area, are enjoying cleaner air and quieter streets. I look forward to seeing more fleets along Zerega Avenue electrify as Con Edison’s grid upgrades progress.” 

“Con Edison is proud to invest in energy solutions that anticipate customers’ needs, reduce emissions, protect public health, and support New York’s clean energy transition,” said Vicki Kuo, Senior Vice President, Customer Energy Solutions, Con Edison. “By engaging with GVC from the earliest stages of the electrification journey, upgrading the grid and offering incentives, we’re supporting a cleaner, healthier future for the Bronx and beyond.”

GVC’s depot is located along a two-mile corridor where 20 percent of the city’s school buses (roughly 2,000) and 3,000 medium- and heavy-duty vehicles (MHD) are dispatched.

Con Edison, with approval from the New York State Public Service Commission, is prioritizing critical electrification upgrades to Zerega Avenue and Hunts Point to reduce the tailpipe pollution. The upgrades will enable faster and more widespread electrification of school buses and other medium- and heavy-duty vehicles.

“The Bronx is the borough that keeps New York moving and today, we can proudly say that the Bronx is also helping define how New York moves into the future,” said Bronx Borough President Vanessa L. Gibson. “GVC has spent decades serving Bronx families and communities and Con Edison has been a critical partner in helping New York build the infrastructure needed to power the future. Together, they have demonstrated that ambitious goals become reality when expertise, commitment, and partnership align.”

Electric buses don’t have tailpipes. That means no trail of carbon dioxide, nitrogen oxides, or fine particulate matter, which is specks of soot that lodge in the lung. The first beneficiaries of GVC’s new buses are the students.

Upgrading to electric buses will prevent the emission of 1 million pounds of carbon each school year. That’s the equivalent of the greenhouse gas emissions produced by burning 3,800 barrels of oil.

“By investing in vehicle electrification in the Bronx, we’re taking a stand for our families’ health and our community’s future,” said State Senator Nathalia Fernandez. “Every child deserves to breathe clean air, free of the pollution that has plagued our neighborhoods. These investments don’t just protect our lungs; they open doors to good-paying jobs in the clean energy sector, creating opportunities right here at home. Together, we’re creating healthier streets, stronger economies, and a more resilient Bronx for generations to come.”

“This project will benefit communities that have historically borne a disproportionate burden of transportation pollution,” said Alexis Hidalgo, Policy Advisor, Mayor’s Office of Climate and Environmental Justice. “By advancing New York State’s largest school bus electrification project in the South Bronx, we are reducing emissions, improving air quality, and creating quieter, healthier streets. This investment advances the City’s climate goals while delivering tangible environmental justice benefits for New Yorkers.”

“Transitioning to electric vehicles is one of the most effective steps we can take to improve air quality and invest in public health,” said Dr. Michelle Glick, NYC Health + Hospitals/Lincoln Asthma Champion & Assistant Professor of Clinical Pediatrics, Cornell. “The Bronx has the highest rate of children with asthma and asthma ER visits in NYC, in part due to the air pollution from highways, waste transfer sites, and industrial facilities.

“By replacing gas or diesel vehicles with clean, electric alternatives, we can significantly reduce harmful pollutants, create healthier neighborhoods, and give children a better chance to breathe easier every day,” added Glick.

Con Edison’s $450,000 incentive from its MHD Make-Ready Pilot program helped offset GVC’s costs for the installation of equipment to support 23 dual-port chargers at GVC’s lot off Zerega Avenue. To support the new charging infrastructure, Con Edison also upgraded the site’s electric service and provided a transformer.

The project also received support through the New York School Bus Incentive Program (NYSBIP), administered by the New York State Energy Research and Development Authority (NYSERDA) and funded by the Clean Water, Clean Air, and Green Jobs Environmental Bond Act. NYSBIP helped fund 20 of GVC’s electric buses and the 23 dual-port chargers.

“NYSERDA’s support of new electric school buses and chargers in the South Bronx is an investment that lowers New York City school’s upfront fleet transition costs,” said NYSERDA Director of Clean Transportation Adam Ruder. “These zero-emission buses, operated by GVC, will help reduce air pollution and improve the health of New Yorkers in the community, especially students who will benefit from a safe, comfortable ride to school.”

“Our children are at their best in the classroom, at play and in social settings when they are healthy, joyful and loved,” said Dr. Meisha Porter, Visiting Fellow at the Center for Educational Innovation and former Chancellor of NYC Schools. “GVC’s vision has resulted in emissions-free, safe, pleasant transportation to school for these students, lifting our optimism that they will achieve at a high level to the benefit of all of us.”

“Too many children are forced to breathe dirty diesel exhaust on their rides to and from school, which can trigger respiratory illnesses and have lifelong impacts on learning outcomes,” said Julie Tighe, President, New York League of Conservation Voters. “These 45 new electric school buses will help improve air quality for Bronx families, reduce greenhouse gas emissions, and provide students with a cleaner, quieter ride so they arrive at school healthy and ready to learn.”

GVC’s electric buses will carry about 800 children to their classes, averaging 18 Early Intervention to Pre-Kindergarten students per ride. Over the course of a school week, the fleet serves an estimated 4,100 student trips, reflecting the organization’s continued investment in sustainable transportation infrastructure and support for local families and school communities.

“Driving an electric school bus has completely changed the experience for both drivers and students,” said Christian Martinez, electric school bus driver, GVC. “The buses are quieter, cleaner, and much more comfortable, which makes a real difference for the children we transport, especially students with autism who can be sensitive to noise and fumes. Since switching to an electric bus, I’ve seen kids happier, calmer, and more excited to ride to school. As both a driver and a parent of a child with autism, that means everything to me.”

This initiative reflects Con Edison’s commitment to supporting New York’s clean energy transition and the well-being of the communities it serves. By coupling strategic infrastructure planning with public-health priorities, the company is helping accelerate New York City’s transition to a cleaner, more equitable energy system.

The announcement follows the completed interconnection of a transmission line delivering clean hydropower from Canada to the Con Edison grid in New York City with the capacity to supply up to 20 percent of the city’s electricity demand.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies. The utility delivers electricity, natural gas and steam, and serves 3.7 million customers in New York City and Westchester County, NY. For financial, operations and customer service information, visit conEd.com.

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SOURCE Con Edison of New York

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Hexagon Composites ASA: Third quarter 2026

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OSLO, Norway, Nov. 6, 2026 /PRNewswire/ — Hexagon Composites (OSE: HEX.OL), world leader in composite cylinder technology and related systems for storage and transportation of gaseous energy, reported revenues of NOK 929 million for third quarter 2026 (Q3’25: 538 million). The reported EBITDA was NOK 108 million (Q3’25: NOK -54 million), resulting in a 12% EBITDA margin (Q3’25: -10%).

“This quarter marks a significant step-up year-over-year, delivering our strongest quarterly performance since the record fourth quarter of 2024,” said Philipp Schramm, CEO of Hexagon Composites. “Over the past year, we have built a stronger foundation for our next phase of growth. We have entered new regions, consolidated markets and delivered into exciting new verticals such as aerospace and data centers. Alongside this important progress, we have also improved our financial strength, with a strong free cash flow conversion, and are well on track to deliver on our full-year targets.”

Outlook

Based on the progress delivered during the first three quarters of the year, the strengthening of our financial position, and normalizing demand in our key markets, we reconfirm our full-year EBITDA guidance of around NOK 300 million, with confidence in delivering toward the high side.

For further details, please see the attached third quarter 2026 report and presentation.

Presentation of the results today at 08:30 am CET
Philipp Schramm, CEO, and Eirik Løhre, CFO, will present the results at 08:30 am CET today, broadcasted live via this link.

The presentation of the results will be a virtual event, followed by a Q&A session. The quarterly report, presentation, and webcast recording will be made available at www.hexagongroup.com.

For more information:
Emily Cherry, Senior Communications & Investor Relations Manager, Hexagon Composites
Telephone: +47 480 90 239 I emily.cherry@hexagongroup.com

Berit-Cathrin Høyvik, Senior Director, Communications & Corporate Affairs, Hexagon Composites
Telephone: +47 988 92 161 | berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–third-quarter-2026,c4420876

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View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-third-quarter-2026-302931841.html

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Zhejiang aims to be highland of AI innovation

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BEIJING, Nov. 6, 2026 /PRNewswire/ –A news report from China Daily:

The 2026 World Internet Conference Wuzhen Summit concluded on Thursday after a four-day run. Beyond Wuzhen, a profound transformation driven by artificial intelligence is underway in Zhejiang’s workshops, laboratories and daily life. Building on years of efforts to deepen the Digital Zhejiang initiative, the province is aiming to become a hub of AI innovation.

In the first eight months, revenue of enterprises above designated size in Zhejiang’s core AI industry reached 582.87 billion yuan ($87.2 billion), up 26.9 percent year-on-year. The number of core industry enterprises rose to 2,112, forming a full industry-chain layout spanning chips, large models, intelligent agents and application services.

Computing power is one of the key infrastructure pillars of Zhejiang’s AI development. At a sock factory workshop in Zhuji, a designer can generate 20 original patterns within three minutes. In Yiwu, traders rely on an AI computing platform to produce high-definition product images and marketing short videos with a single click.

Powering these AI application scenarios is a province-wide integrated computing network built by China Mobile’s Zhejiang branch.

As of the end of September, Zhejiang’s total computing power reached 197 EFLOPS (short for ExaFLOPS, a unit of computing performance that quantifies the number of floating-point operations a computer can perform per second), ranking among the highest in the country. Of this, 54 enterprises and institutions in the province received national computing-power vouchers totaling 408 million yuan, accounting for 37 percent of the national total.

“As the Hangzhou and Jiashan intelligent computing centers are put into operation, Zhejiang can achieve millisecond-level access to computing, integrated computing-network scheduling and one-stop security assurance,” said Qiu Xiaoyuan, a manager at China Mobile’s Zhejiang branch.

Large models are another key factor to the game. With the Qwen and DeepSeek large models iterating continuously, Zhejiang’s model ecosystem aims to take the leading position.

In the 2026 government work report of Zhejiang, the province proposed the goal of gaining a leading position in AI development and striving to build a high-quality open-source ecosystem. Open source has been listed as one of the core levers of the province’s AI strategy.

Located in Xihu district, Hangzhou, the ModelScope community is among China’s largest AI open-source communities. Online, it brings together more than 29 million AI developers and more than 200,000 models worldwide, lowering the threshold for AI-related innovation.

Chen Tianrun, born after 2000, is a doctoral student at Zhejiang University and founder of Moxin Technology, which independently developed MoWorld, a real-time interactive world model built entirely on domestic neural processing units. An NPU is a specialized computer microprocessor designed to mimic the processing function of the human brain.

“The relationship between AI and humans is not about AI replacing humans, but about AI and humans working together to do more to raise productivity,” Chen said.

Backed by new production factors such as computing power, models and data, Zhejiang is breaking through its natural-resource constraints to become a trendsetter in innovation.

The Zhejiang provincial government hosted a series of major events during the 2026 WIC Wuzhen Summit, featuring interactive experiences and surprises.

On Monday, at the Light of Internet Expo, a signature event of the WIC Wuzhen Summit, more than 30 embodied-intelligence robots — from companies such as AgiBot, UBTech, Unitree and Zhongke Fifth Era — brought visitors to the world of perceptual intelligence.

Among them, the world’s first bipedal humanoid robot capable of playing badminton with humans autonomously became the centerpiece. The robot has also mastered table tennis; the faster the ball travels, the faster it reacts.

The Global Internet Competition of “Straight to Wuzhen” is another highlight event of the WIC Wuzhen Summit. Since registration opened in June, it has attracted 1,347 projects and one-person company entries from 31 countries and regions.

The Digital Economy Industrial Cooperation Conference held on Wednesday was a signature event of the Wuzhen Summit’s permanent venue. Over the past three years, annual signings of digital economy industrial projects at the event have each exceeded 100 billion yuan.

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SOURCE China Daily

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Broadridge’s Distributed Ledger Repo Processes $7.6 Trillion in October

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October 2026 ADV reaches $345 billion as Broadridge continues to advance institutional tokenization infrastructure

NEW YORK, Nov. 6, 2026 /PRNewswire/ — Broadridge (NYSE: BR), global Fintech leader, today announced that its Distributed Ledger Repo (DLR) processed an average of $345 billion in daily repo transactions during October, with volumes totaling $7.6 trillion. The total settled volume reflects the continued scale of tokenized securities financing activity as Broadridge expands its digital asset infrastructure through its recently launched DLX platform.

“DLR has laid the groundwork for the next phase of tokenization, as institutions increasingly shift their focus from exploring initial digital assets use cases to scaling these capabilities across their businesses,” said Horacio Barakat, Global Head of Digital Innovation at Broadridge. “In 2027, we anticipate further integration of tokenized assets into everyday financial market operations, helping institutions unlock efficiencies across the asset lifecycle. Through DLR and our broader DLX platform, we’re focused on making these capabilities more accessible and practical for financial institutions.”

Building on DLR’s proven infrastructure and institutional experience, DLX extends Broadridge’s tokenization capabilities beyond securities financing into a broader range of assets and workflows, spanning issuance, trading, settlement, servicing and distribution. Together, DLR and DLX equip financial institutions with the trusted, resilient technology and operational controls needed to integrate tokenized assets into existing market operations, helping bridge traditional and digital markets while reducing complexity.

To learn more about DLR, the world’s largest institutional platform for settling tokenized real assets, visit Broadridge’s DLR.

About Broadridge’s Tokenization Solutions

Broadridge is building the governance layer for tokenized equities, ensuring investors have access to trusted, institutional-grade governance as securities move on-chain. Through proxy voting, investor communications, disclosures, and corporate actions, Broadridge helps investors exercise their ownership rights across tokenized and traditional holdings, including across issuer-sponsored and third-party tokenization models. 

Broadridge connects traditional and digital finance with the trusted infrastructure institutions need to put tokenization to work. DLX, its multi-chain digital asset platform, brings together capabilities across issuance, distribution, trading, financing, settlement, custody, and asset servicing. DLX builds on the production experience of Broadridge’s Distributed Ledger Repo (DLR) solution, the world’s largest institutional platform for settling tokenized real assets, tokenizing more than $345 billion of repo’s a day. 

Through its integrated platform and connected partner ecosystem, Broadridge helps issuers, banks, broker-dealers, asset managers, and wealth firms bring tokenized investments to market, mobilize collateral, and connect investors to new opportunities through existing systems and workflows. By orchestrating the ecosystem rather than requiring clients to rebuild it, Broadridge helps firms manage complexity and scale across traditional and on-chain markets. 

About Broadridge

Broadridge is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. Broadridge powers investing, governance, and communications for clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Broadridge’s technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing approximately 16,000 associates in 28 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors: 
broadridgeir@broadridge.com  

Media:
Gregg.Rosenberg@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

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