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Businesses are expecting catastrophic cyber incidents: 65% think a serious cyber attack could threaten survival

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New research finds that cyber is the leading cause of downtime and data loss for the fourth year running

LONDON, June 24, 2026 /PRNewswire/ — In the wake of highly disruptive attacks on M&S and Jaguar Land Rover, 65% of organisations now think a serious cyber attack could threaten their survival, according to Databarracks’ Data Health Check 2026, released today.

The annual survey of 500 IT decision-makers also revealed that, for the fourth consecutive year, cyber is the leading cause of both downtime and data loss. 30% of organisations cited cyber incidents as their biggest cause of IT downtime over the last 12 months, ahead of hardware failure at 19%. Meanwhile, 43% of large organisations reported losing data as a result of a cyber attack.

Other key findings from the research include:

Integrating IT and business resilience is the leading resilience priority in 2026, cited by 39% of organisations, just ahead of updating continuity plans (38%) and improving backup processes (38%).AI-driven attacks have more than doubled in frequency in the last 12 months, affecting 25% of organisations, and are now seen as the biggest resilience challenge facing organisations over the next 5 years.Only 18% of organisations that suffered a ransomware attack paid the ransom, while 59% recovered from backups. 76% of organisations believe they are more resilient than they were 12 months ago.

Commenting on the findings, James Watts, Managing Director at Databarracks, said:

“The idea that a cyber attack could be existential is no longer a fringe view. It is now the majority position. We can’t dismiss it as alarmism because it’s grounded in what organisations are experiencing. Cyber is still the leading cause of IT downtime and data loss, and AI-driven attacks are adding to the pressure, more than doubling in frequency in the last 12 months.”

With organisations now prioritising integration and improvement to backup processes, Databarracks expects to see more coordinated incident response and a stronger baseline of cyber resilience. If adoption of air-gapped and immutable backups continues to increase, as the trend suggests it will, more organisations will also be in a stronger position to recover from ransomware without paying attackers.

Watts added:

“Encouragingly, the data also shows that organisations are growing in confidence. They believe they are more resilient than they were 12 months ago and better able to respond to a crisis. The next step is ensuring that confidence is backed by preparation, testing and exercising so recovery is proven in practice and not just assumed.”

Download the full report: Data Health Check 2026 – Databarracks

View original content:https://www.prnewswire.co.uk/news-releases/businesses-are-expecting-catastrophic-cyber-incidents-65-think-a-serious-cyber-attack-could-threaten-survival-302809005.html

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Garmin Ltd. schedules second quarter 2026 earnings call

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SCHAFFHAUSEN, Switzerland, June 24, 2026 /PRNewswire/ — Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its second quarter 2026 earnings conference call on Wednesday, July 29, 2026, at 10:30 a.m. EDT, with executives of Garmin. The call will be held in conjunction with the company’s earnings release, which will be distributed prior to market open on July 29, 2026.

The conference call can be accessed by registering online at GRMN Q2 2026 Earnings Call Webcast, at which time registrants will receive dial-in information as well as a conference ID.

The live webcast will be accessible from the Garmin Ltd. investor relations website on the News & Events page. An archive of the live webcast will be available for one year after the webcast date.

Contact: investor.relations@garmin.com

About Garmin Ltd.:

For more than 35 years, Garmin has developed innovative technology for the fitness, outdoor, aviation, marine and automotive OEM markets. Engineered on the inside for life on the outside, Garmin products are purpose built to help people make the most of the time they spend pursuing their passions. Garmin is committed to building products known for quality, reliability, and durability across its global portfolio of connected devices and services. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin’s Newsroom, email media.relations@garmin.com or follow us on LinkedIn.

INVESTOR CONTACT:
Teri Seck
Garmin International, Inc.
Phone | +1 913-397-8200
Email | investor.relations@garmin.com

MEDIA CONTACT:
Krista Klaus
Garmin International, Inc.
Phone | +1 913-397-8200
Email | corporate.communications@garmin.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-ltd-schedules-second-quarter-2026-earnings-call-302808304.html

SOURCE Garmin Ltd.

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e-STORAGE to Supply 381 MWh Battery Storage System for Apex Clean Energy in Michigan

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KITCHENER, ON, June 24, 2026 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, its energy storage solutions business, will supply a 75 MW / 381 MWh DC battery energy storage system (BESS) to Apex Clean Energy in Branch County, Michigan. The system will be co-located with Apex’s operating Coldwater Solar facility.

Under the agreement, e-STORAGE will deliver a complete, integrated solution that combines SolBank 3.0 battery blocks with Power Conversion Systems and e-STORAGE’s proprietary EQ‑S Energy Management System into one coordinated utility‑scale platform. Deliveries are scheduled to begin in early 2027, with commercial operation targeted for mid-2027. e-STORAGE will provide its proprietary ‘SolBank’ battery pack powered by its lithium-Ion phosphate-based battery cells, all produced at Canadian Solar’s manufacturing facilities, giving the customer full supply chain visibility and compliance.

Coldwater Storage enters service against a firm policy backdrop: Michigan law requires utilities to bring 2,500 MW of energy storage online by 2030, and the state’s largest coal units are slated to retire through 2032, removing dispatchable capacity from the MISO grid that storage must replace. Once operational, the project will store low‑cost energy and discharge it when demand peaks, helping firm the supply that Michigan is shifting toward solar and wind.

Ken Young, CEO of Apex, said: “Power demand is rising rapidly, and storage projects like Coldwater enable our grid to keep pace. e-STORAGE has the technology and the scale to deliver this project, and we’re glad to be working once again with our partners at Canadian Solar.”

Jeff Roy, President of e-STORAGE, said: “Michigan is rebuilding its power generation mix on a fixed timeline, and this collaboration shows how that target turns into reliable capacity on the ground. By supplying the batteries, power conversion, and our EQ-S controls as one integrated system, we serve as Apex’s single accountable technology partner across the project’s lifecycle.”

About Canadian Solar Inc.
Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 177 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar had shipped over 20 GWh of battery energy storage solutions to global markets as of March 31, 2026, and had a $3.5 billion contracted backlog as of May 8, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.2 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 24 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About e-STORAGE
e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.

Safe Harbor/Forward-Looking Statements
Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors 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 Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com 

e-STORAGE MEDIA CONTACT
media@csestorage.com 

View original content:https://www.prnewswire.com/news-releases/e-storage-to-supply-381-mwh-battery-storage-system-for-apex-clean-energy-in-michigan-302808539.html

SOURCE Canadian Solar Inc.

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LRTS Solutions Awarded 20 Year GSA Multiple Award Schedule, Expanding Federal Access to Mission-Critical Scientific, Engineering and Technical Services

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WASHINGTON, June 24, 2026 /PRNewswire/ — LRTS Solutions, LLC, an SBA-approved Mentor-Protégé Joint Venture between Lindahl Reed, Inc. and TechSource, LLC, is pleased to announce the award of a General Services Administration (GSA) Multiple Award Schedule (MAS) Contract (Contract No. 47QRAA26D0066). The award provides federal agencies with a streamlined acquisition pathway to access LRTS Solutions’ integrated capabilities in nuclear science, national security, energy resilience, environmental stewardship, infrastructure modernization, and mission support services.

The GSA MAS contract represents a significant milestone for LRTS Solutions and expands the joint venture’s ability to support federal customers across the Department of Energy (DOE), National Nuclear Security Administration (NNSA), Department of War (DOW), Department of Homeland Security (DHS), and other civilian and national security agencies. The contract includes a broad portfolio of awarded Special Item Numbers (SINs) spanning engineering, energy, environmental remediation, technical consulting, acquisition support, facilities management, information technology, strategic planning, training, and professional services.

LRTS Solutions combines Lindahl Reed’s expertise in energy innovation, infrastructure resilience, environmental stewardship, and mission support with TechSource’s nationally recognized leadership in nuclear science, national security, weapons systems support, and classified program execution. Together, the joint venture offers federal customers access to more than 750 engineers, scientists, analysts, project managers, and subject matter experts capable of delivering solutions across some of the government’s most complex and consequential missions.

“The award of our GSA Multiple Award Schedule contract is a major achievement for LRTS Solutions and an important step in our long-term growth strategy,” said Shayne Naugle, Senior Vice President of Growth at Lindahl Reed. “This contract provides federal agencies with a fast, flexible, and trusted procurement pathway to access our integrated capabilities across energy, environmental, engineering, national security, and mission support services. We are excited to expand our support to existing customers while building new partnerships across the federal marketplace.”

The contract positions LRTS Solutions to compete for task orders worldwide across multiple professional service disciplines and further strengthens the joint venture’s ability to deliver best-value solutions set aside under small business and women-owned small business contracting programs. LRTS Solutions combines the agility of a high-performing small business with the infrastructure, management systems, and technical depth required to execute large-scale federal programs.

“The GSA MAS award is a testament to the strength of the partnership between Lindahl Reed and TechSource and the proven capabilities we bring to federal customers,” said Brent Clark, Senior Vice President of Operations – East at TechSource.” This contract vehicle expands our ability to support agencies with innovative, mission-focused solutions that improve performance, strengthen resilience, and advance national priorities.”

About LRTS Solutions

LRTS Solutions, LLC is an SBA-approved Mentor-Protégé Joint Venture formed by Lindahl Reed, Inc. and TechSource, LLC. The company delivers scientific, engineering, technical, environmental, energy, and mission support services to federal agencies nationwide. LRTS Solutions supports the nation’s most critical missions through expertise in nuclear science and engineering, national security, environmental stewardship, energy innovation, infrastructure modernization, data analytics, acquisition support, and program management.

For more information, visit www.lrtssolutions.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lrts-solutions-awarded-20-year-gsa-multiple-award-schedule-expanding-federal-access-to-mission-critical-scientific-engineering-and-technical-services-302808617.html

SOURCE Lindahl Reed, Inc.

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