Connect with us

Technology

Solstice Advanced Materials to Acquire Element Solutions, Creating an Industry-Leading Advanced Materials Platform Aligned to Serving Attractive Secular Growth Markets

Published

7 days ago

on

Accelerates Solstice’s strategy by deepening exposure to high-growth markets where materials innovation, performance and reliability are increasingly criticalCreates a leading, integrated electronics platform spanning semiconductor fabrication, packaging and assembly, while expanding thermal management for chip and data center coolingEnhances R&D, technical-service and commercial capabilities with a focus on customer co-innovation as requirements across electronics and AI infrastructure become more complex and mission-criticalExpected to strengthen Solstice’s long-term financial profile, with the goal of delivering faster growth while sustaining top-tier margins and strong free cash flow Transaction expected to be accretive to sales growth and adjusted EPS in year oneSolstice and Element Solutions to hold conference call today at 8:30AM ET

MORRIS PLAINS, N.J., and MIAMI, July 6, 2026 /PRNewswire/ — Solstice Advanced Materials (Nasdaq: SOLS) (“Solstice” or the “Company”) and Element Solutions (NYSE: ESI) (“Element”) today announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction represents a significant acceleration of Solstice’s strategy to build an industry-leading advanced materials platform with increased exposure to high-growth electronics, AI infrastructure and other attractive end markets.

On a combined basis, Solstice and Element would have full year 2025 net sales of approximately $6.8 billion and a 26% adjusted EBITDA margin including run-rate synergies. The combined company is expected to benefit from greater scale, a full suite of offerings for electronics customers, and an attractive set of specialty material businesses serving numerous attractive end markets. Element adds focused electronics, formulation, and technical service capabilities and a robust technology portfolio that complement Solstice’s strengths in chemistry, application development, refrigerant application solutions, and high-performance materials.

“Overall, we believe the combined company will be very well-positioned to benefit from generational tailwinds in high-growth end markets,” said David Sewell, President and CEO of Solstice. “Element brings highly complementary capabilities, deep customer relationships and a technical service-led model that expands how we support customers from early-stage development through high-volume manufacturing. This high-performing team brings with it inimitable domain expertise and customer process know-how in addition to a compelling track-record of value creation for shareholders. Together, we expect Element and Solstice to be extremely well positioned to deliver on our customers’ growing requirements for signal integrity, thermal management, reliability and performance.”

Sewell added, “Both companies have strong cultures grounded in integrity, innovation, teamwork and customer focus, with comprehensive patent portfolios and highly talented employees who are at the top of their profession. We intend to blend the best of our talents and cultures to build an organization with a broader technology platform and a stronger ability to co-innovate with customers to develop unique solutions addressing emerging, complex requirements from our combined customer base.”

Ben Gliklich, Chief Executive Officer of Element Solutions, said, “Since Element’s founding in 2019, we have delivered a strategy balancing operational excellence and prudent capital allocation to cement our position in the fastest growing, highest value niches of our markets. This transaction recognizes that achievement and brings together two great companies with shared attributes – strong market positions, attractive margins, deep technical know-how and excellent people – to accelerate their combined growth. We are creating a scaled advanced materials platform with complementary capabilities to broaden our offerings in our core electronics markets and deliver differentiated solutions to customers. We believe that the breadth of the combined portfolio along with enhanced innovation and manufacturing capabilities will allow us to better solve the pain points emerging in the leading edge of the electronics industry. This is an exciting opportunity for our people and shareholders, both of whom are expected to participate in the anticipated long-term upside of the combined company.”

Strategic and Financial Rationale

The transaction is expected to create several strategic and financial benefits, including:

Creates Industry-Leading Advanced Materials Portfolio, Accelerating Solstice’s Existing Strategy. The combination advances Solstice’s strategy to build a scaled advanced materials platform with greater exposure to electronics, AI infrastructure, thermal management, data center cooling applications and other attractive specialty markets.Strengthens Solstice’s Electronics Platform with Complementary Innovation and Customer Capabilities. Element Solutions brings capabilities that are directly aligned with Solstice’s electronics growth strategy, including formulation expertise, R&D, technical service and deep customer relationships. Together, the companies will be better positioned to serve customers across semiconductor fabrication, advanced packaging and assembly, supporting them from early-stage development through qualification and high-volume production. The combination is expected to create a broader platform for customer-led innovation as electronics customers increasingly need cutting edge materials technology to address the inherent challenges associated with advanced electronics. The combined company’s enhanced scale is also expected to accelerate Element’s high-growth technologies, such as Kuprion ActiveCopper.Broadens Solstice’s Role Across AI Infrastructure and Other Secular Growth Markets. The transaction is expected to strengthen Solstice’s exposure to AI infrastructure by connecting its electronics, packaging and thermal management capabilities with data center cooling and refrigerant application solutions. This broader platform will position the combined company to support customers across key parts of the advanced computing ecosystem, from higher-performance chips and packaging architectures to cooling solutions that improve efficiency and reliability. The combined company is expected to also retain attractive specialty positions, including serving as the sole U.S. supplier of uranium conversion services that support the nuclear fuel cycle.Strengthens Solstice’s Long-Term Growth, Margin and Cash Flow Profile. The combined company is expected to deliver faster growth while maintaining best-in-class margins and strong cash flow conversion. On a combined company basis, Solstice expects to deliver mid-to-high single-digit CAGR revenue growth, high single-digit to low double-digit CAGR Adjusted EBITDA growth, and cash conversion of approximately 75% over the medium term. Solstice expects to realize more than $180 million of net synergies by the third year following close, driven by procurement efficiencies, manufacturing optimization, supply chain optimization, operational efficiencies and SG&A savings. The combined company also expects additional significant benefits from revenue synergy opportunities over time.Accretive in Year One, with Rapid De-leveraging. The transaction is expected to be accretive to Adjusted EPS in year one after close. Additionally, the combined company is expected to have net leverage of approximately 3.5x at close and anticipates de-levering to below 3x Adjusted EBITDA within 18 months of close. The combined company will remain committed to maintaining a strong sub-investment grade credit rating with a target net leverage ratio of 2.0 – 3.0x Adjusted EBITDA. Further, the combined company expects to continue its policy of maintaining and growing its quarterly dividend over time.  

“This transaction allows us to amplify our transformational growth in electronics while building on the strength of Solstice’s existing businesses,” Sewell said. “Our refrigerant application solutions platform, including data center cooling, and our specialty exposures such as nuclear fuel remain core to the combined company’s value proposition and central to helping customers improve efficiency, resilience and performance. Together, we aim to create a higher growth, higher margin advanced materials leader with greater global reach. I am confident we will successfully integrate our teams by taking a best-of-both approach, building on our respective strengths, and creating an even stronger organization.”

Transaction Details

Under the terms of the agreement, Element Solutions shareholders will receive, for each share of Element common stock, $10.00 in cash and 0.500 shares of Solstice common stock, representing implied consideration of approximately $50.10 per Element share and a premium of approximately 15% over Element’s closing share price on July 2, 2026. Upon closing, Element shareholders are expected to own approximately 44% of the combined company.

The transaction has been unanimously approved by the respective Boards of Directors of both companies and is expected to close in the first half of 2027, subject to customary closing conditions, including receipt of required regulatory approvals and approval by Solstice and Element shareholders, as applicable.

Upon closing, the combined company will operate as Solstice. David Sewell will serve as President and Chief Executive Officer of the combined company. Solstice expects to maintain a strong operating presence across both companies’ existing major sites and build a leadership team with strong representation from both organizations to drive our shared success.

Upon closing, Solstice’s Board of Directors will be comprised of 11 directors, including Element Solutions CEO Ben Gliklich and two other designees from the Element board, subject to standard governance procedures.

Financing

Solstice has secured fully committed financing for the transaction in the form of an initial $4.7 billion bridge commitment from Goldman Sachs, which it plans to replace with permanent debt financing, which it intends to use in addition to cash from its balance sheet to fund the cash consideration payable at closing of the transaction. Solstice remains focused on maintaining a consistently strong balance sheet and expects to continue managing its disciplined capital structure.

Conference Call and Additional Materials

Solstice and Element Solutions will host a joint investor conference call and webcast today at 8:30 am Eastern Time to discuss the transaction.

The live webcast and accompanying investor presentation will be available on the investor relations sections of Solstice’s and Element’s websites at investor.solstice.com and www.elementsolutionsinc.com. A replay of the webcast will be available following the call.

Advisors

Goldman Sachs is serving as lead financial advisor to Solstice alongside PJT Partners. Consello also provided advisory services to Solstice. Davis Polk & Wardwell LLP and Hogan Lovells Cadwalader LLP are serving as M&A counsel and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel with respect to acquisition financing. Wilkie Farr & Gallagher LLP is serving as legal counsel to Goldman Sachs as a committed financing source in connection with the acquisition financing.

BofA Securities, Inc. is serving as financial advisor to Element Solutions, Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and Collected Strategies, LLC is serving as strategic communications advisor.

About Solstice

Solstice is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry’s most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice’s approximately 4,000 employees worldwide drive innovation in materials science. For more information, visit www.solstice.com. 

About Element Solutions

Element Solutions is a leading global specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers’ manufacturing processes in multiple high-value industries, including semiconductor fabrication, high-performance computing, automotive systems, consumer electronics, power electronics, communications and data storage infrastructure, aerospace and defense, industrial surface finishing and offshore energy. More information about the Company is available at www.elementsolutionsinc.com. 

Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the federal securities laws made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction between Solstice and Element Solutions, that involve substantial risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections regarding, among other things, the anticipated benefits and timing of the proposed transaction, synergies, expected future financial position, total addressable market, position in specialty chemicals and advanced materials verticals and the industry, business and financial results of each company and the combined company, including the combined company’s expected Adjusted EBITDA and Adjusted EBITDA margin, expected synergies, net debt and net leverage, anticipated de-leveraging, expected accretion to Adjusted EPS and expected growth, margins and free cash flow. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “positioned,” “projects,” “forecasts,” “intends,” “plans,” “continues,” “could,” “believes,” “may,” “will,” “would,” “should,” “goals,” “pro forma” and words and terms of similar substance in connection with discussions of the proposed transaction and the future operating or financial performance of the combined company. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Solstice’s, Element Solutions’ or the combined company’s actual results may vary materially from those expressed or implied in the forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by Solstice or on its behalf. Although Solstice and Element Solutions believe that the forward-looking statements contained in this communication are based on reasonable assumptions, you should be aware that a variety of factors, many of which are difficult to predict and outside of Solstice’s or Element Solutions’ control, could affect Solstice’s, Element Solutions’ or the combined company’s actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including, but not limited to: the completion of the proposed transaction on the anticipated terms and timing, including obtaining stockholder, regulatory and other approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, future prospects, business and management strategies, expansion and growth of Solstice’s and Element Solutions’ businesses and other conditions to the completion of the proposed transaction; failure to realize the anticipated benefits of the proposed transaction, or that such benefits may take longer to realize or be more costly to achieve than expected, including as a result of delay in completing the proposed transaction, Solstice’s ability to integrate Element Solutions’ operations and product lines or due to unexpected costs, liabilities or delays; the ability of the parties to obtain or consummate financing related to the proposed transaction upon acceptable terms or at all; the dilution caused by Solstice’s issuance of additional shares of its common stock in connection with the consummation of the proposed transaction; the risk of a downgrade of the credit rating of Solstice’s indebtedness; a material adverse change in the financial condition of Solstice, Element Solutions or the combined company; potential litigation relating to the proposed transaction that could be instituted against Solstice, Element Solutions or their respective directors; Solstice’s and Element Solutions’ ability to implement their business strategies; the risk that disruptions from the proposed transaction will harm Solstice’s or Element Solutions’ respective businesses, including current plans and operations; the ability of Solstice or Element Solutions to retain and hire key personnel; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; uncertainty as to the long-term value of Solstice’s common stock; risks associated with third party contracts containing consent and/or other provisions triggered by the proposed transaction; legislative, regulatory, political and economic developments affecting Solstice’s, Element Solutions’ or the combined company’s respective businesses; the evolving legal, regulatory and tax regimes under which Solstice and Element Solutions operate; potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Solstice’s and/or Element Solutions’ financial performance; restrictions during the pendency of the proposed transaction that may impact Solstice’s or Element Solutions’ ability to pursue certain business opportunities or strategic transactions; an overall decline in the health of the economy and the industries in which Solstice and Element Solutions operate, including as a result of inflation, tariffs and other trade barriers and restrictions, market volatility, geopolitical instability and social unrest, the possibility of an economic downturn or recession or other macroeconomic factors; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Solstice’s and Element Solutions’ response to any of the aforementioned factors; failure to receive the approval of the stockholders of Solstice and/or Element Solutions; and the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the businesses of Solstice and Element Solutions described in the “Risk Factors” section of their respective Annual Reports on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q and other documents filed by either of them from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those implied by forward-looking statements in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Solstice and Element Solutions assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by securities or other applicable law. Neither Solstice nor Element Solutions gives any assurance that either Solstice or Element Solutions will achieve its expectations.

Important Information and Where to Find It

In connection with the proposed transaction, Solstice intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will include a prospectus with respect to the shares of Solstice’s common stock to be issued in the proposed transaction and a joint proxy statement for Solstice’s and Element Solutions’ respective stockholders (the “Joint Proxy Statement/Prospectus”). The definitive Joint Proxy Statement/Prospectus (if and when available) will be mailed to stockholders of Solstice and Element Solutions after it is declared effective. Each of Solstice and Element Solutions may also file with or furnish to the SEC other relevant documents regarding the proposed transaction. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Solstice or Element Solutions may mail to their respective stockholders in connection with the proposed transaction.

INVESTORS AND SECURITY HOLDERS OF SOLSTICE AND ELEMENT SOLUTIONS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SOLSTICE, ELEMENT SOLUTIONS, THE PROPOSED TRANSACTION AND RELATED MATTERS.

Investors and security holders may obtain free copies of the Joint Proxy Statement/Prospectus and other documents filed with the SEC by Solstice or Element Solutions through the website maintained by the SEC at http://www.sec.gov or from Solstice at its website, https://www.solstice.com, or from Element Solutions at its website, https://www.elementsolutionsinc.com (information included on or accessible through the SEC website or either of Solstice’s or Element Solutions’ website is not incorporated by reference into this communication).

Participants in Solicitation

Solstice and Element Solutions and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Solstice and Element Solutions in connection with the proposed transaction.

Information about the interests of the directors and executive officers of Solstice and Element Solutions and other persons who may be deemed to be participants in the solicitation of stockholders of Solstice and Element Solutions in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Joint Proxy Statement/Prospectus, which will be filed with the SEC.

Information about Solstice’s directors and executive officers and their ownership of Solstice’s common stock is set forth in Solstice’s proxy statement for its 2026 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 2, 2026 under the headings “Director Compensation,” “Compensation Discussion and Analysis,” “Executive Compensation Tables” and “Stock Ownership Information.” To the extent that holdings of Solstice’s securities have changed since the amounts printed in Solstice’s proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

Information about Element Solutions’ directors and executive officers and their ownership of Element Solutions’ common stock is set forth in Element Solutions’ proxy statement for its 2026 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on March 23, 2026 under the headings “Director Compensation,” “Executive Compensation” and “Security Ownership.” To the extent that holdings of Element Solutions’ securities have changed since the amounts printed in Element Solutions’ proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

The information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the Joint Proxy Statement/Prospectus regarding the proposed transaction when it becomes available. Free copies of these documents may be obtained as described above.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”), and/or offered pursuant to an exemption from the registration requirements of the Securities Act, and otherwise in accordance with applicable law.

Important Note about Combined and Non-GAAP Financial Information

The financial information for the combined businesses of Solstice and Element Solutions is based on management’s estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Solstice and Element Solutions. These measures are provided for illustrative purposes and are based on an arithmetic sum of the relevant historical financial measures of Solstice and Element Solutions. Combined Adjusted EBITDA is the arithmetic sum of Solstice’s Adjusted Standalone EBITDA and Element Solutions’ Pro Forma Adjusted EBITDA, inclusive of expected net synergies. Combined Adjusted EBITDA Margin is inclusive of expected net synergies. These measures do not reflect what the combined company’s financial condition or results of operations would have been had the proposed transaction occurred on or prior to the dates indicated. Such illustrative information may differ materially from pro forma information included in SEC filings. Various factors could cause actual future results to differ materially from those currently estimated by management, including, but not limited to, the risks described above and in each of Solstice’s and Element Solutions’ respective filings with the SEC.

This communication also includes certain financial measures not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), such as adjusted standalone EBITDA, pro forma adjusted EBITDA, combined adjusted EBITDA, combined adjusted EBITDA margin, combined sales, synergies, integration benefits, free cash flow, net debt and net leverage. Non-GAAP financial measures have limitations as an analytical tool and are not meant to be considered in isolation from, or as a substitute for, the comparable GAAP measures. There are limitations to non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items being excluded. Solstice and Element Solutions caution you not to place undue reliance on these non-GAAP financial measures.

For a definition of Solstice’s adjusted standalone EBITDA and Element Solutions’ adjusted EBITDA and a reconciliation of adjusted standalone EBITDA and adjusted EBITDA to the most comparable GAAP financial measure for 2025, please see Solstice’s Current Report on Form 8-K furnished with the SEC on February 11, 2026 and Element Solutions’ Current Report on Form 8-K furnished with the SEC on February 17, 2026 and Element Solutions’ 2026 Investor Day presentation at its website at https://www.elementsolutionsinc.com (information included on or accessible through Element Solutions’ website is not incorporated by reference into this communication). Element Solutions’ pro forma Adjusted EBITDA for fiscal year 2025 is from Element Solutions’ 2026 Investor Day presentation and is Element Solutions’ Adjusted EBITDA inclusive of a pro forma adjustment of $61 million from the impact of the acquisitions of Micromax and EFC Gases. Combined Adjusted EBITDA and Combined Adjusted EBITDA margin includes expected synergies.

Investor Relations
Mike Leithead
(973) 370-8188
Michael.Leithead@solstice.com 

Media           
Amy Schneiderman  
(201) 218-2302                         
Amy.Schneiderman@teneo.com 

Contacts for Element Solutions

Investor Relations
Varun Gokarn
Vice President, Strategy and Integration
Element Solutions Inc
1-203-952-0369
IR@elementsolutionsinc.com 

Media
Ed Hammond / Tali Epstein
Collected Strategies
1-212-379-2072
esi@collectedstrategies.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/solstice-advanced-materials-to-acquire-element-solutions-creating-an-industry-leading-advanced-materials-platform-aligned-to-serving-attractive-secular-growth-markets-302818329.html

SOURCE Solstice Advanced Materials US, Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

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

Technology

Conversation with CHAI AI: $100M ARR, App Store Review, and what motivates AI research

Published

23 minutes ago

on

July 13, 2026

By

CHAI is currently in the Apple App Store Review Process – founder and CEO William Beauchamp has stated he believes their latest version of the app to be the safest version they have ever released yet, with significant and meaningful improvements to safety.

PALO ALTO, Calif., July 12, 2026 /PRNewswire/ — CHAI is currently in the Apple App Store Review Process – founder and CEO William Beauchamp has stated he believes their latest version of the app to be the safest version they have ever released yet, with significant and meaningful improvements to safety.

Millions of people enjoy CHAI every day and have used the platform to create and share AI for over 5 years. In that time CHAI has grown from a small team based in Cambridge, UK to a company in Palo Alto, California with over $100M a year in revenue.

CHAI AI still operates a small team of around 15 members. We have been given the first exclusive look into the safest version they have released yet.

This small team has been hard at work, especially so in recent weeks and months, employing the latest industry standard AI safety techniques. “We have been working towards a holistic safety system which achieves two things: to delight our customers, and to protect the long-term wellbeing of both our customers and the community.”

I asked Mr. Beauchamp about some of the major challenges presented by the second goal, “One is ensuring UGC moderation, we cannot allow any single user to produce content which spoils the experience for others. Another is model and algorithmic safety. Every safety iteration cycle starts with red teaming, where team members actively probe the safety system as it exists in production, to see whether they can bypass it. This sort of testing is used by AI researchers around the world. Only by putting yourself in the shoes of someone trying to push the limits of the system can you find where those limits are, and effectively reinforce them.”

So, what were the outcomes of the team’s latest safety iteration cycle? “This cycle the team held nothing back. All of us were in the office from 9am-9pm on a Saturday to get this shipped as fast as possible. Through dedication and hard work the team were able to achieve a lot. We introduced an entirely new AI governance system, shipped in record time. Not only is this system a complete upgrade of our existing protocols and safeguards, but it also provides new tools for team members to increase the amount of human oversight in the system. We believe we have substantially raised the bar for our social AI, preventing misuse, and ensuring it will continue to adhere strongly to moral and ethical social values.”

At CHAI AI the guiding principle in both product development, platform and AI governance, can be summarized by this vision written by Stanford Professor and CEO Dr. Fei-Fei Li:

“It matters what motivates the development of AI, in both science and industry, and I believe that motivation must explicitly center on human benefit.” From The Worlds I See by Dr. Fei-Fei Li

With great power comes great responsibility, as CHAI AI knows well. As their user base grew from the hundreds, to hundreds of thousands, to millions, their responsibility has grown too. Therefore, their principle has long been to put human benefit at the center of their AI research and product development approaches.

Is CHAI AI safe? CHAI has implemented a range of safety features that allow users to engage in dynamic chats while encouraging them to stay within established guidelines. By building better AI, CHAI aims to enhance user value and experience.

What makes CHAI special? CHAI is designed to be the most engaging social AI, delivering highly entertaining conversations. Users on CHAI are able to craft interactive stories and immersive experiences.

Why do people love CHAI? CHAI employs and develops advanced AI techniques to increase the entertainment value of its bots. Users chat with AI to write interactive novels and have engaging conversations, supported by a variety of genres that appeal to avid novel readers.

Who is the founder? William Beauchamp first started building CHAI with his sister in Cambridge UK in 2020. After building the first AI chat platform they relocated to Palo Alto.

Are they hiring? CHAI is a rapidly growing company that is known for paying very high salaries with an intense culture focused on delivering results and iterating quickly. Apply on CHAI’s website.

Press Contact:

CHAI AI Press, 
+1 (626) 594-8966,
https://chai-research.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/conversation-with-chai-ai-100m-arr-app-store-review-and-what-motivates-ai-research-302823379.html

SOURCE Chai AI

Continue Reading

Technology

EV All Day Launches Instant Battery-Health Check for Used Electric Cars

Published

11 hours ago

on

July 12, 2026

By

A used electric car’s most valuable part, its battery, is also the one thing no advert, V5C or history check will show you. EV All Day’s new £9.99 check changes that, giving buyers an instant, independent estimate of battery health, real-world range and remaining warranty before they ever view the car.

BRISTOL, England, July 12, 2026 /PRNewswire-PRWeb/ — EV All Day, a UK-based vehicle verification service, has launched to give used electric vehicle (EV) buyers and sellers the check that matters most for a battery-powered car: an independent read on the condition of its battery, before they buy.

The battery can be up to 40% of an EV’s value and thousands of pounds to replace, but nothing makes a seller prove its condition. For £9.99, we give buyers that proof before they travel to view.

While UK consumers can readily check any vehicle for outstanding finance, theft and write-off status, the single biggest factor in an electric car’s value and reliability, the health of its battery, has remained effectively invisible to buyers. Standard history checks were built for petrol and diesel cars and say nothing about battery condition, and a seller is under no obligation to evidence it.

EV All Day closes that gap. For £9.99, the service delivers an instant digital report estimating a used EV’s battery health, real-world range now versus when new, and how much battery warranty remains, from nothing more than a registration and the current mileage.

The Missing Check in Used EV Buying

On a petrol car, buyers judge condition on mileage and service history. On an electric car, the number that really decides value is one they can’t see. The battery can account for up to 40% of an EV’s value and costs anywhere from £5,000 to £15,000-plus to replace, yet its condition never appears on the advert, the V5C or the MOT.

Because batteries degrade gradually with age, mileage and charging habits, mileage alone is a poor guide: a well-treated 80,000-mile car can hold a healthier battery than a hard-charged 30,000-mile one. Until now, buyers have had no independent way to tell the difference before travelling to view a car.

“On a petrol car you check the mileage and the service history. On an electric car, the number that decides value is one you simply can’t see: the health of the battery. And no seller is obliged to show it to you,” said Simon Brown, founder of EV All Day.

“For £9.99 and about thirty seconds, we give buyers an honest estimate of that battery’s health, its real-world range and how much warranty is left, straight from the listing, before they ever travel to a viewing. It’s the check that’s been missing from used EV buying.”

What an EV All Day Check Shows

Every £9.99 report is built around an EV-specialist battery and range core, powered by ClearWatt, and cross-checked against official DVSA MOT and mileage records.

The report may include:

An estimated battery-health reading and range retention versus when newA battery-health grade (such as A+) where a manufacturer test record existsExpected real-world range now, shown side by side with the official WLTP figureRemaining battery warranty in miles and months, with an Active or Expired badgeUsable and total battery capacity (kWh)Charging, running cost, efficiency and full specification, where that data is held (powered by EV Database)Full MOT and mileage history from the DVSA, which also feeds the range estimate

The service is offered through two entry points to suit how buyers search: an EV Battery Health Check that leads with the battery reading, and a fuller Used EV Check that adds charging, running-cost and specification detail. Both are the same £9.99 report.

Crucially, EV All Day is honest about what the reading is: an estimate built from aggregated real-world data plus the specific car’s age and mileage, with a manufacturer grade shown where a test record exists, not an OBD-measured State of Health. It is the read buyers can get from a listing, before they ever contact the seller.

Coming Soon: A Full EV History Check

A comprehensive EV history check, bringing battery condition, charging and running costs, and full vehicle provenance together in a single report, is scheduled to follow, giving used EV buyers everything they need in one place.

Reducing Risk in a Fast-Growing Market

As more electric cars reach their second and third owners, so does the risk of undisclosed battery degradation. A tired battery can look identical to a healthy one on a forecourt, and dashboard range figures alone can mislead. Heavy, frequent rapid charging can roughly double the rate of battery wear, meaning two seemingly identical cars can hold very different batteries.

By providing an independent estimate of battery health and range, EV All Day helps buyers verify a used EV’s real condition rather than relying on seller claims, and helps sellers with a healthy battery evidence it to support their asking price. UK market research suggests buyers pay several hundred pounds more for a used EV with evidenced battery health, and that such cars sell noticeably faster.

Designed for Buyers, Sellers and the Trade

EV All Day is designed for use by:

Used EV buyers, screening listings and verifying battery health before travelling to viewPrivate sellers, evidencing a healthy battery and remaining warranty to support asking pricesDealers and traders, appraising electric vehicles quickly and consistentlyEV owners, understanding their car’s battery condition over time

The service is intended to complement existing vehicle history checks rather than replace them.

How the Service Works

Using EV All Day involves three steps:

Enter a UK registration number and current mileage, with no VIN required. The car is confirmed as an eligible EV before any payment is taken, and mileage is pre-filled from the latest MOT.Complete a single secure card payment of £9.99 through Stripe, with no subscription and no account.Receive the report in seconds, delivered three ways: instantly on screen, as a downloadable PDF, and as a copy by email.

If a report cannot be generated because data is unavailable for the vehicle, the customer is refunded in full, automatically. Coverage spans the mainstream UK electric market, including Tesla, Nissan, Kia, Hyundai, Volkswagen, BMW, MG and Jaguar, among many others.

The Switch to Electric Is Accelerating

The launch comes as electric vehicles take an ever-larger share of the UK market, with registrations climbing year on year and new petrol and diesel car sales due to end in 2030. As more of these vehicles reach the used market, buying with confidence increasingly means knowing each battery’s real condition, not just its mileage.

Availability

EV All Day is available now at evallday.com. Reports are delivered instantly where data is available, with an automatic full refund where a report cannot be generated.

About EV All Day

EV All Day is a UK-based vehicle verification service focused exclusively on electric vehicles. Operated by EV All Day Ltd and based in Chepstow, the platform combines EV-specialist battery and range data from ClearWatt with vehicle specification data from EV Database and official MOT and mileage records from the DVSA, helping buyers, sellers and the trade judge a used EV’s true condition. Reports cost £9.99, with an automatic full refund where a report cannot be generated.

Media Contact

Simon Brown, EV All Day, 44 01632 961111, hello@evallday.com, https://evallday.com/

View original content to download multimedia:https://www.prweb.com/releases/ev-all-day-launches-instant-battery-health-check-for-used-electric-cars-302823331.html

SOURCE EV All Day

Continue Reading

Technology

AlgoLaser Launches DIY KIT MK3: Start, Just That Simple–A Smarter Way to Laser Engrave

Published

1 day ago

on

July 11, 2026

By

SHENZHEN, China, July 11, 2026 /PRNewswire/ — AlgoLaser, a global leader in smart laser engraving technology, today officially launched its latest desktop laser engraver: the DIY KIT MK3. For years, complex assembly, cumbersome operation, and steep learning curves have kept many creators from exploring laser engraving. The DIY KIT MK3 eliminates these barriers. Built around the core promise to ‘Start, Just That Simple,’ it features optimized structural engineering, an intuitive AlgoOS-powered HD touchscreen, and significantly boosted laser performance. From unboxing to final creation, the DIY KIT MK3 seamlessly streamlines the entire process while delivering exceptional value.

Streamlined Assembly for Immediate Use

The DIY KIT MK3 introduces an innovative Structrix Frame, featuring precision alignment slots and cable management. Arriving 95% pre-assembled, the machine can be fully set up in just five simple steps in under 10 minutes. This completely eliminates traditional frustrations like belt tensioning, repeated alignments, and messy wiring.

Intelligent, Computer-Free Operation

Powered by the proprietary AlgoOS, the built-in HD touchscreen enables fully offline, standalone operation. It boasts smart parameter recommendations, drag-and-drop positioning, and direct image processing. Combined with over 400 ready-to-use projects and creative tools like AlgoType and AlgoSketch, the system allows beginners to start creating instantly—no computer or technical expertise required.

Enhanced Power and Speed for Higher Productivity

Equipped with new 8W, 15W, and 20W laser modules, the DIY KIT MK3 delivers up to a 60% power increase over its predecessor. Robust structural and material upgrades fully harness this power, ensuring stable, high-precision engraving at speeds up to 15,000 mm/min. Additionally, the spacious 400×400mm workspace and an efficient repetitive processing mode make intricate designs and small-batch production highly practical, empowering users to easily monetize their craft.

Modular Design for Long-Term Flexibility

The DIY KIT MK3’s modular architecture supports seamless laser module upgrades and effortless integration with accessories like rotary attachments. This flexibility adapts to diverse needs—from scaling an Etsy business to exploring family DIY projects. Furthermore, with an optional Class 1 safety enclosure and multiple built-in monitoring systems, the DIY KIT MK3 provides peace of mind, making it safe for both commercial studios and home environments.

Availability

The DIY KIT MK3 is now available for pre-order exclusively on the official website, algolaser.com. From July 11–31, customers can order during the Super Early Bird window and enjoy exclusive perks, including free gifts and bonus points. It will then launch globally on Amazon and other major platforms starting August 1.

Order now to secure early access before the worldwide launch.

About AlgoLaser

AlgoLaser is a global provider of smart laser engraving solutions, dedicated to empowering makers, educators, and everyday creators around the world. By pairing high-performance hardware with the intuitive AlgoOS operating system, AlgoLaser breaks down technical barriers to make professional-quality creation as simple as everyday printing. The company is committed to helping users of all skill levels effortlessly transform creative ideas into reality, making laser technology easier, safer, and accessible enough for every household. For more information, visit www.algolaser.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/algolaser-launches-diy-kit-mk3-start-just-that-simplea-smarter-way-to-laser-engrave-302822637.html

SOURCE AlgoLaser

Continue Reading

Trending