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Tecsys Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2026

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EliteTM SaaS Revenueii Up 21% Driving Record Revenue Quarter, Adjusted EBITDAi Up 56%

MONTREAL, June 29, 2026 /CNW/ — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management company, today announced its results for the fourth quarter and full year of fiscal 2026, ended April 30, 2026. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).

“Fiscal 2026 reinforced the critical role supply chain execution plays in helping organizations operate with confidence in increasingly complex environments,” said Peter Brereton, President and CEO at Tecsys. “Resilience, visibility and execution confidence have become baseline expectations, and we continue to see strong engagement across our customer base — including record participation at our recent Tecsys User Conference — reinforcing demand for more connected, intelligent supply chain operations. Building on our strong SaaS foundation, we continue to advance AI-driven capabilities, including TecsysIQ, to better connect data, workflows and decisions in real time. We enter fiscal 2027 with a strong recurring revenue base and confidence in the opportunities ahead.”

Mark Bentler, Chief Financial Officer of Tecsys, added, “We closed fiscal 2026 with a strong fourth quarter, delivering record revenue of $50 million, Elite™ SaaS revenue growth of 21% and record Adjusted EBITDA of $6.7 million. Our fiscal 2026 total revenue growth and SaaS revenue growth were in line with our financial guidance. Our fiscal 2026 Adjusted EBITDA margin was 10%, ahead of our financial guidance of 8-9%. Today we are providing fiscal 2027 financial guidance with continued revenue growth and Adjusted EBITDA margin expansion.”

Fourth Quarter Highlights:

Total SaaS revenue increased by 17% to $21.5 million, up from $18.4 million in Q4 2025. EliteTM SaaS revenueii increased by 21% compared to Q4 last year.Total SaaS ARRiii increased by 13% (15% on a constant currency basisiii) to $86.8 million on April 30, 2026, compared to $76.5 million on April 30, 2025. EliteTM SaaS ARRiii increased by 19% (21% on a constant currency basis).Total SaaS Remaining Performance Obligation (RPOii) increased by 12% (14% on a constant currency basisii) to $243.0 million at April 30, 2026, up from $216.7 million at the same time last year.Total revenue increased to a record $50.0 million compared to $46.6 million in Q4 2025.Net loss was $0.2 million ($0.02 basic and diluted loss per share) in Q4 2026, compared to a net profit of $1.7 million ($0.12 basic earnings per share and $0.11 diluted earnings per share) for the same period in fiscal 2025. Restructuring costs of $4.7 million (pre-tax) were recognized during the quarter.Adjusted net profit i was $3.2 million in Q4 2026, compared to $1.7 million for the same period in fiscal 2025.Adjusted EBITDAi was $6.7 million compared to $4.3 million reported in Q4 last year.In the fourth quarter of fiscal 2026, Tecsys acquired 207,800 of its outstanding common shares for approximately $5.9 million as part of its ongoing Normal Course Issuer Bid, compared to 22,800 common shares acquired in the same period last year for approximately $0.9 million.

Fiscal 2026 Highlights:

Total SaaS revenue increased by 20% to $80.4 million, up from $67.1 million in fiscal 2025. EliteTM SaaS revenueii increased by 24% compared to last year.Total revenue increased to a record $193.1 million compared to $176.5 million in fiscal 2025.Net profit was $4.0 million ($0.27 basic and diluted earnings per share) in fiscal 2026, compared to $4.5 million ($0.30 basic and diluted earnings per share) in fiscal 2025.Adjusted net profit i was $7.5 million in fiscal 2026, compared to $4.5 million in fiscal 2025.Adjusted EBITDAi was $20.0 million compared to $13.4 million in fiscal 2025.In Fiscal 2026, Tecsys acquired 423,814 of its outstanding common shares for approximately $13.2 million as part of its ongoing Normal Course Issuer Bid, compared to 172,200 common shares acquired in the same period last year for approximately $6.9 million.

i See Non-IFRS Performance Measures in Management’s Discussion and Analysis of the 2026 Financial Statements.

ii EliteTM SaaS Revenue refers to our core product and the predominant contributor to total SaaS Revenue.

iii See Key Performance Indicators in Management’s Discussion and Analysis of the 2026 Financial Statements.

Financial Guidance:

“Total revenue growth guidance reflects sustained SaaS revenue growth and stable professional services and hardware revenue, partially offset by ongoing declines in legacy maintenance revenue, including the effects of SaaS migrations,” noted Mark Bentler, Chief Financial Officer of Tecsys. “To provide investors with greater visibility into the performance of our core growth engine, we are introducing guidance for EliteTM SaaS revenueii Growth.”

 Tecsys is providing financial guidance as follows:

FY27 Guidance

Total Revenue Growth

2-4%

EliteTM SaaS Revenueii Growth

18-20%

Total SaaS Revenue Growth

13-15%

Adjusted EBITDAi Margin

11-13%

On June 29, 2026, the Company declared a quarterly dividend of $0.09 per share to be paid on August 4, 2026, to shareholders of record on July 10, 2026.

Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.

Q4 and FY2026 Financial Results Conference Call
Date: June 30, 2026
Time: 8:30 a.m. ET
Phone number: 800-836-8184 or 646-357-8785
The call can be replayed until July 7, 2026, by calling:
888-660-6345 or 646-517-4150 (access code: 11868#)

About Tecsys

Tecsys is trusted by mission-critical organizations in healthcare and distribution to power resilient, efficient and secure supply chains. A global provider of cloud-based, AI-driven software with deep domain expertise, Tecsys delivers real-time operational visibility and execution across critical workflows when performance and reliability matter most. Tecsys is publicly traded on the Toronto Stock Exchange (TSX). For more information, visit www.tecsys.com.

Forward Looking Statements

The statements in this news release relating to matters that are not historical fact are forward-looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and the most recently filed annual information form. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR+ (www.sedarplus.ca).

Copyright © Tecsys Inc. 2026. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.

Non-IFRS Measures

Reconciliation of EBITDA and Adjusted EBITDA

EBITDA is calculated as earnings before interest expense, interest income, income taxes, depreciation and amortization. Adjusted EBITDA is calculated as EBITDA before stock-based compensation and restructuring costs. The exclusion of interest expense, interest income, income taxes and restructuring costs eliminates the impact on earnings derived from non-operational activities and non-recurring items, and the exclusion of depreciation, amortization and stock-based compensation eliminates the non-cash impact of these items.

The Company believes that these measures are useful measures of financial performance without the variation caused by the impacts of the items described above and that could potentially distort the analysis of trends in our operating performance. In addition, they are commonly used by investors and analysts to measure a company’s performance, its ability to service debt and to meet other payment obligations, or as a common valuation measurement. Excluding these items does not imply that they are necessarily non-recurring. Management believes these non-IFRS financial measures, in addition to conventional measures prepared in accordance with IFRS, enable investors to evaluate the Company’s operating results, underlying performance and future prospects in a manner similar to management. Although EBITDA and Adjusted EBITDA are frequently used by securities analysts, lenders and others in their evaluation of companies, they have limitations as an analytical tool, and should not be considered in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.

The reconciliation of EBITDA and Adjusted EBITDA to the most directly comparable IFRS measure is provided below.

                                                                                 Three months ended

                                                                                      April 30,

Year ended
April 30,

(in thousands of CAD)

2026

2025

2026

2025

2024

Net (loss) profit for the period

$

(224)

$

1,710

$

4,038

$

4,459

$

1,849

Adjustments for:

Depreciation of property and equipment and
right-of-use assets

355

349

1,417

1,473

1,477

Amortization of deferred development costs

245

184

1,082

769

583

Amortization of other intangible assets

524

320

2,124

1,304

1,493

Interest expense

61

15

143

82

163

Interest income

(159)

(111)

(464)

(641)

(1,015)

Income taxes

571

1,302

3,650

2,976

641

EBITDA

$

1,373

$

3,769

$

11,990

$

10,422

$

5,191

Adjustments for:

Stock based compensation

706

536

3,389

2,951

2,301

Restructuring costs

4,652

–

4,652

–

2,122

Adjusted EBITDA

$

6,731

$

4,305

$

20,031

$

13,373

$

9,614

Adjusted net profit 

Adjusted net profit represents net profit adjusted to exclude restructuring costs, net of related tax benefits which are determined based on statutory income tax rates.

The Company believes that this measure is a useful measure of financial performance without the variation caused by the impact of the restructuring costs, net of tax, described above.

The reconciliation of Adjusted net profit to the most directly comparable IFRS measure is provided below.

                                                                                         Three months ended

                                                                                                     April 30,

Year ended 
April 30,

(in thousands of CAD)

2026

2025

2026

2025

2024

Net (loss) profit

$

(224)

$

1,710

$

4,038

$

4,459

$

1,849

Adjustments for:

Restructuring costs

4,652

–

4,652

–

2,122

Tax benefit related to restructuring costs

(1,233)

–

(1,233)

–

(562)

Adjusted net profit

$

3,195

$

1,710

$

7,457

$

4,459

$

3,409

 

Consolidated Statements of Financial Position
(In thousands of Canadian dollars)

April 30, 2026

April 30, 2025

Assets

Current assets

Cash and cash equivalents

$

19,133

$

27,580

Short-term investments

12,077

11,712

Accounts receivable

28,425

23,943

Work in progress

5,681

7,436

Other receivables

818

274

Tax credits

6,193

6,390

Inventory

1,167

1,870

Prepaid expenses and other

11,292

10,699

Total current assets

84,786

89,904

Non-current assets

Other long-term receivables and assets

3,188

1,457

Tax credits

6,978

6,120

Property and equipment

4,824

1,164

Right-of-use assets

2,409

836

Contract acquisition costs

5,084

5,017

Deferred development costs

4,965

3,838

Other intangible assets

7,356

6,726

Goodwill

17,901

17,827

Deferred tax assets

5,516

7,521

Total non-current assets

58,221

50,506

Total assets

$

143,007

$

140,410

Liabilities

Current liabilities

Accounts payable and accrued liabilities

21,191

22,367

Deferred revenue

54,050

45,025

Lease obligations

531

590

Total current liabilities

75,772

67,982

Non-current liabilities

Other long-term accrued liabilities

–

33

Deferred tax liabilities

200

405

Lease obligations

4,759

728

Total non-current liabilities

4,959

1,166

Total liabilities

$

80,731

$

69,148

Equity

Share capital

$

56,691

$

57,573

Contributed surplus

–

4,755

Retained earnings

2,971

7,700

Accumulated other comprehensive income

2,614

1,234

Total equity attributable to the owners of the Company     

62,276

71,262

Total liabilities and equity

$

143,007

$

140,410

 

Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income 
(In thousands of Canadian dollars, except per share data)

Three Months Ended

Twelve Months Ended

April 30,

April 30,

2026

2025

2026

2025

Revenue:

SaaS

$

21,488

$

18,375

$

80,412

$

67,071

Maintenance and Support

7,383

7,910

30,694

32,470

Professional Services

15,792

16,213

63,807

57,665

License

302

294

1,079

1,811

Hardware

5,080

3,763

17,150

17,437

Total revenue

50,045

46,555

193,142

176,454

Cost of revenue

24,020

22,712

93,594

91,161

Gross profit

26,025

23,843

99,548

85,293

Operating expenses:

Sales and marketing

9,493

9,695

39,538

36,152

General and administration

3,613

3,373

14,541

12,646

Research and development, net of tax credits     

7,788

7,665

33,064

29,315

Restructuring costs

4,652

–

4,652

–

Total operating expenses

25,546

20,733

91,795

78,113

Profit from operations

479

3,110

7,753

7,180

Other (costs) income

(132)

(98)

(65)

255

Profit before income taxes

347

3,012

7,688

7,435

Income tax expense

571

1,302

3,650

2,976

Net (loss) profit

$

(224)

$

1,710

$

4,038

$

4,459

Other comprehensive (loss) income:

Effective portion of changes in fair value on
designated cash flow hedges, net of tax

128

7,662

1,269

1,941

Exchange differences on translation of foreign
operations

(141)

486

111

718

Comprehensive (loss) income

$

(237)

$

9,858

$

5,418

$

7,118

Basic earnings per common share

$

(0.02)

$

0.12

$

0.27

$

0.30

Diluted earnings per common share

$

(0.02)

$

0.11

$

0.27

$

0.30

 

Consolidated Statements of Cash Flows
(In thousands of Canadian dollars)

Three Months Ended

Twelve Months Ended

April 30,

April 30,

2026

2025

2026

2025

Cash flows from operating activities:

Net (loss) profit

$

(224)

$

1,710

$

4,038

$

4,459

Adjustments for:

Depreciation of property and equipment and right-of-use assets

355

349

1,417

1,473

Amortization of deferred development costs

245

184

1,082

769

Amortization of other intangible assets

524

320

2,124

1,304

Interest expense (income) and foreign exchange loss 

132

98

65

(255)

Unrealized foreign exchange and other

(216)

(1,204)

(818)

(605)

Non-refundable tax credits

(495)

(588)

(2,474)

(2,530)

Stock-based compensation

706

536

3,389

2,951

Income taxes

387

2,125

2,748

2,346

Net cash from operating activities excluding changes in non-cash
working capital items related to operations

1,414

3,530

11,571

9,912

 

Accounts receivable

(5,696)

(2,299)

(4,426)

(1,728)

Work in progress

(1,619)

(348)

1,763

(3,152)

Other receivables and assets

315

68

(597)

(278)

Tax credits

(906)

(963)

199

16

Inventory

500

69

704

(507)

Prepaid expenses

24

(422)

(403)

(993)

Contract acquisition costs

(295)

(919)

(258)

(1,090)

Accounts payable and accrued liabilities

271

1,851

(707)

2,962

Deferred revenue

9,054

6,311

8,408

8,766

Changes in non-cash working capital items related to operations

1,648

3,348

4,683

3,996

Net cash provided by operating activities

3,062

6,878

16,254

13,908

Cash flows from financing activities:

Payment of lease obligations

(66)

(209)

(609)

(816)

Payment of dividends

(1,315)

(1,261)

(5,155)

(4,880)

Interest paid

(4)

(15)

(28)

(82)

Issuance of common shares on exercise of stock options

59

3,070

590

4,638

Shares repurchased and cancelled

(5,909)

(943)

(13,228)

(6,934)

Net cash (used in) provided by financing activities

(7,235)

642

(18,430)

(8,074)

Cash flows from investing activities:

Interest received

75

13

99

72

Transfers from short-term investments

–

–

–

5,570

Acquisitions of property and equipment

(347)

(331)

(2,186)

(828)

Acquisition of intangible assets

–

–

(1,975)

–

Deferred development costs

(659)

(592)

(2,209)

(1,924)

Net cash (used in) provided by investing activities

(931)

(910)

(6,271)

2,890

Net (decrease) increase in cash and cash equivalents during the period     

(5,104)

6,610

(8,447)

8,724

Cash and cash equivalents – beginning of period

24,237

20,970

27,580

18,856

Cash and cash equivalents – end of period

$

19,133

$

27,580

$

19,133

$

27,580

 

Consolidated Statements of Changes in Equity
(In thousands of Canadian dollars, except number of shares)

Share capital

Number

Amount

Contributed
Surplus

Accumulated
other
comprehensive
income (loss)

Retained
earnings

Total

Balance, May 1, 2025

14,836,120

$

57,573

$

4,755

$

1,234

$

7,700

$

71,262

Net profit

–

–

–

–

4,038

4,038

Other comprehensive income:

Effective portion of changes
in fair value on designated
cash flow hedges

–

–

–

1,269

–

1,269

Exchange difference on
translation of foreign
operations

–

–

–

111

–

111

Total comprehensive income

–

–

–

1,380

4,038

5,418

Shares repurchased and cancelled

(423,814)

(1,664)

(7,952)

–

(3,612)

(13,228)

Stock-based compensation

–

–

3,389

–

–

3,389

Dividends to equity owners

–

–

–

–

(5,155)

(5,155)

Share options exercised

22,031

782

(192)

–

–

590

Total transactions with
owners of the Company

(401,783)

$

(882)

$

(4,755)

$

–

$

(8,767)

$

(14,404)

Balance, April 30, 2026

14,434,337

$

56,691

$

–

$

2,614

$

2,971

$

62,276

Balance, May 1, 2024

14,840,150

$

52,256

$

9,417

$

(1,425)

$

8,121

$

68,369

Net profit

–

–

–

–

4,459

4,459

Other comprehensive income:

Effective portion of changes
in fair value on designated
cash flow hedges

–

–

–

1,941

–

1,941

Exchange difference on
translation of foreign
operations

–

–

–

718

–

718

Total comprehensive income

–

–

–

2,659

4,459

7,118

Shares repurchased and cancelled

(172,200)

(618)

(6,316)

–

–

(6,934)

Stock-based compensation

–

–

2,951

–

–

2,951

Dividends to equity owners

–

–

–

–

(4,880)

(4,880)

Share options exercised

168,170

5,935

(1,297)

–

–

4,638

Total transactions with
owners of the Company

(4,030)

$

5,317

$

(4,662)

$

–

$

(4,880)

$

(4,225)

Balance, April 30, 2025

14,836,120

$

57,573

$

4,755

$

1,234

$

7,700

$

71,262

 

 

SOURCE Tecsys Inc.

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, 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-custom-fabrication-expert-mark-coyle-explains-a-common-mistake-in-custom-aluminum-design-302918282.html

SOURCE HelloNation

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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SOURCE China Daily

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The Ultimate Send-off to Summer: CSTS Debuts Global Entertainment IP PremierX at New York’s Pier 17, Ushering in a New Era of Live Entertainment

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NEW YORK, Oct. 24, 2026 /PRNewswire/ — CSTS Enterprises (‘CSTS’), a New York-based sports, entertainment, integrated media and travel technology group, today announced the official launch of PremierXTM, its flagship live entertainment brand, with a landmark Halloween Weekend event “AFTER DARK” at The Rooftop at Pier 17 in New York on October 30, 2026.

Capping off Seaport’s 2026 Summer Season in unforgettable fashion, the grand finale brings a powerhouse lineup of stars to the PremierXTM stage at Pier 17, featuring Lil Xan, Armani White, DJ Soda, Nate Wyatt, and surprise A-list guest headliners. Set against the iconic Manhattan skyline, the landmark eventing unites chart-topping hip-hop and high-octane electronic music for a festival-grade experience as The Rooftop at Pier 17 transforms into the city’s premier live music destination.

Building on the momentum of the PremierXTM After Party for the 2026 World Cup Final that took place in New York on July 19th, “AFTER DARK” signals the official debut of PremierXTM, a proprietary, New York – born global entertainment IP created by CSTS to deliver defining cultural experiences at the intersection of music, sport, art and lifestyle. Centred on the power of cultural crossover, PremierXTM serves as an international bridge connecting East and West, modern innovation and timeless classical, while uniting world-class artists, creators, performers and audiences through the universal language of entertainment and premium live experiences.

The launch also marks the beginning of a promising relationship with Pier 17, providing a world-class stage for PremierXTM to accelerate its growth in the U.S. and engage international audiences over the long term. By combining PremierXTM’s global entertainment vision with Pier 17’s iconic waterfront setting, the partnership aims to create a premier destination for live experiences, empowering both platforms to expand their global reach, deepen audience engagement, and drive sustainable growth.

As a key pillar of CSTS’ integrated ecosystem spanning entertainment, sports, travel, integrated media and marketing solutions, PremierXTM further strengthens the Group’s ability to create high-impact experiences that connect audiences, destinations and brand partners. With the global live entertainment market projected to grow from approximately US$203 billion in 2025 to US$270 billion by 2030[1], PremierXTM is well-positioned to capitalize on the growing demand for premium, experience-led entertainment while creating long-term value to the Group through recurring audience engagement, tourism and brand partnerships.

“PremierX TM represents a significant milestone in CSTS’ evolution from a leading operator of global sports and hospitality platforms into a creator of world-class entertainment experiences,” said Abel Zhao, Group CEO and Executive Director at CSTS Enterprises. “The season finale at Pier17 marks the beginning of an exciting new chapter for CSTS as we expand our entertainment footprint and introduce a platform designed to deliver iconic live experiences and bring together artists and audiences from across the globe.”

“PremierXTM was built from the ground up as a bespoke platform to champion multicultural talent and visionary creative performers.” said Jason Liu, Regional Director of CSTS USA. “Starting from New York, we are building a scalable global brand that brings iconic live experiences to audiences worldwide while expanding our presence across key entertainment hubs in North America, Asia and Europe.”

Following its New York launch, PremierXTM plans to expand through a broader international rollout across North America, Asia and Europe, with future editions planned as part of a growing network of recurring live entertainment properties and flagship cultural events.

For ticket information on PremierXTM: “AFTER DARK”, visit
https://www.axs.com/events/1644912/after-dark-tickets

About CSTS Enterprises

CSTS Enterprises is an integrated media, entertainment, sports, and travel technology group. Headquartered in New York City, the company develops and partners with intellectual properties and brands to deliver compelling experiences that connect with audiences across the world. In addition to its own initiatives, including Generation CTM and PremierXTM, it collaborates with international IPs including FIFA World Cup, UEFA European Championship, and Formula 1.

CSTS integrates experiential marketing, travel, data, and technology to deliver seamless end-to-end audience experiences. The company engages consumers across physical events and digital channels, executing at scale worldwide, turning complex activations into co-ordinated, measurable outcomes.

[1] Source: Industry research by Markets and Markets, Live Entertainment Market Size, Share, Latest Trends & Growth Analysis, 2025-2030, Live Entertainment Market Size, Share, Latest Trends & Growth Analysis, 2025-2030.

 

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SOURCE CSTS Enterprises

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