Technology
TAT Technologies Reports Record Second Quarter 2026 Results
Published
2 months agoon
By
Revenue Increases 22.8% as Demand Remains Strong and Supply Chain Conditions Ease; Backlog and Long-Term Agreements Reach Record $615 Million
CHARLOTTE, N.C., Aug. 5, 2026 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), a leading supplier of products and services for the commercial and military aerospace and ground defense industries, today reported financial results for the second quarter ended June 30, 2026.
Financial highlights:
Revenues were $52.9 million, a 22.8% increase compared to $43.1 million in the second quarter of 2025. For the first half of 2026, revenues increased by 10.4% to $94.1 million compared to $85.2 million in the first half of 2025.Gross profit increased by 23.0% to $13.3 million, representing 25.2% of revenues, compared to $10.8 million (25.1% of revenues) in the second quarter of 2025. For the first half of 2026, gross profit increased by 12.4% to $23.4 million compared to $20.8 million in the first half of 2025 (24.8% of revenues in the first half of 2026 compared to 24.4% of revenues in the first half of 2025).Operating Income increased by 26.8% to $5.6 million (10.6% of revenues) compared to $4.4 million (10.3% of revenues) for Q2 2025. For the first half of 2026, operating income was $8.6 million (9.1% of revenues) compared to $8.6 million (10.1% of revenues) in the first half of 2025Net Income of $8.1 million (Diluted EPS of $0.61) compared to $3.4 million for Q2 2025 (Diluted EPS of $0.3). The second quarter of 2026 included a $4.3 million (Diluted EPS of $0.26) net of tax, non-operating gain from the sale of a minority interest in an unconsolidated entity. Excluding the non-recurring benefit, net income would have been $4.66 million, an increase of 35.2% compared to the previous period (and Adjusted Diluted EPS of $0.35). For the first six months of the year, net profit was $11.5 (Diluted EPS of $0.87) million. Excluding the one-time net impact of the minority interest sale, net profit for the first six months was $8.06 million, an increase of 11.0% compared to $7.3 million in the previous period.Adjusted EBITDA was $7.4 million (14.0% of revenues), a 22.7% increase from $6.1 million (14.0% of revenues) for Q2 2025. Adjusted EBITDA for the first half of 2026 increased by 4.1% to $12.3 million (13.1% of revenues) compared to $11.8 million (13.8% of revenues) in the first half of 2025.Cash flow used in operations for the second quarter was $(0.6) million compared to $6.9 million provided by operations in Q2 2025. Cash flow from operations was $1.4 million in the first half of 2026 compared to $1.9 million in the first half of 2025.Backlog and Long-Term Agreements: approximately $615 million as of June 30, 2026, up from approximately $580 million on March 31, 2026, reflecting continued strong customer demand and providing multi-year revenue visibility.
“Continued strong demand and solid execution drove nearly 23% revenue growth and continued profitability improvements,” said Igal Zamir, TAT’s CEO and President. “This performance reflects our strategic position in the market, targeting high-demand services backed by established and solid relationships with OEMs. In part, improving supply chain conditions enabled us to convert previously constrained customer demand into revenue in the quarter, further enhancing results. Demand across our end markets remains robust and customer loyalty remained strong despite the supply chain shortages, driving backlog and long-term agreements to the highest in company history. Although supply chain conditions have not fully normalized, we remain focused on securing the components our customers need, reinforcing our position as a trusted aftermarket partner and supporting long-term profitable growth.”
“We have expanded our strategic relationship with Honeywell Aerospace” Zamir continued. “We became the sole authorized distributor(*) of spare parts for the 331-200 auxiliary power unit platform (APU), extended our MRO license through 2036, and acquired three Honeywell Aerospace 131-9A APUs to expand our leasing business. These agreements strengthen our position in the APU aftermarket and ensure that we will continue to be a valued partner for Honeywell for a long time to come.”
“We believe the combination of historically high customer demand, expanding platform coverage, and a record backlog, combined with improving supply chain conditions, positions TAT well for continued profitable growth,” Concluded Zamir.
(*) As previously disclosed in the Company’s Report on Form 6-K filed on July 14, 2026.
Investor Call Information
TAT Technologies will host an earnings webcast and conference call today, August 5, 2026, at 8:00 a.m. Eastern Time to discuss second quarter results. Investors may register using the link below or by visiting the Company’s website.
Webcast Registration: https://us06web.zoom.us/webinar/register/WN_MRtan_3wQoG9XfDYLkuNeA
Investor Relations Website: https://tat-technologies.com/investors/
Non-GAAP Financial Measures
To supplement its GAAP results, the Company presents Adjusted EBITDA to provide investors with additional insight into underlying operating performance. Adjusted EBITDA excludes the Company’s share in results of affiliated companies, share-based compensation, income taxes, net financial (expenses) income, and depreciation and amortization. Adjusted EBITDA should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.
About TAT Technologies
TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech) is a leading provider of services and products to the commercial and military aerospace and ground defense industries, providing OEM heat transfer solutions and aviation accessories, MRO services for aviation components, including heat transfer solutions, overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps and MRO services on APU’s, landing gears and other aircraft components for airlines, air cargo carriers, maintenance service centers and the military. For more information, please visit www.tat-technologies.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the United States federal securities laws. These forward-looking statements include, without limitation, statements regarding possible or assumed future operating results, demand conditions, supply chain conditions, customer relationships, backlog conversion, market position, and growth prospects. These statements are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management’s current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations, including, but not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, LTAs and backlog, the price and continuity of supply of component parts used in our operations, the war and hostilities between Israel and Hamas, Hezbollah and Iran, regional shipping disruptions and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F and its periodic reports on Form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statement.
Contact:
Eran Yunger
Director of IR
Tel: +1-980-451-1115
erany@tat-technologies.com
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
U.S dollars in thousands
June 30,
December 31,
2026
2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$54,629
$51,259
Accounts receivable, net of allowance for credit losses of $228
and $172 as of June 30, 2026, and December 31, 2025,
respectively
38,813
33,420
Inventory
85,189
75,549
Prepaid expenses and other current assets
7,041
6,071
Total current assets
185,672
166,299
NON-CURRENT ASSETS:
Property, plant and equipment, net
47,001
46,922
Operating lease right of use assets
5,285
5,807
Intangible assets, net
1,884
1,452
Investment in affiliates
5,726
4,905
Funds in respect of employee rights upon retirement
446
398
Deferred tax assets
573
639
Restricted deposit
–
307
Total non-current assets
60,915
60,430
Total assets
$246,587
$226,729
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
U.S dollars in thousands
June 30,
December 31,
2026
2025
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debts
$164
$2,227
Accounts payable
18,531
12,986
Accrued expenses and other current liabilities
18,309
17,296
Current maturities of operating lease liabilities
1,459
1,474
Total current liabilities
38,463
33,983
NON-CURRENT LIABILITIES:
Long-term debts, net
11,018
9,485
Operating lease liabilities
4,032
4,448
Liability in respect of employee rights upon retirement
853
770
Deferred tax liabilities
3,286
1,652
Total non-current liabilities
19,189
16,355
COMMITMENTS AND CONTINGENCIES (NOTE 7)
–
–
Total liabilities
57,652
50,338
SHAREHOLDERS’ EQUITY:
Ordinary shares of NIS 0 par value
Authorized: 19,000,000 shares at June 30, 2026, and at December 31, 2025
Issued:13,272,610 shares at June 30, 2026, and 13,257,610 shares at December
31, 2025
Outstanding: 12,998,137 shares at June 30, 2026, and 12,983,137 shares
at December 31, 2025
–
–
Additional paid-in capital
137,567
136,578
Treasury stock at cost
(2,088)
(2,088)
Accumulated other comprehensive income
727
643
Retained earnings
52,729
41,258
Total shareholders’ equity
188,935
176,391
Total liabilities and shareholders’ equity
$246,587
$226,729
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
U.S dollars in thousands
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenues:
Products
$15,329
$12,463
$29,235
$25,187
Services
37,609
30,641
64,850
60,059
52,938
43,104
94,085
85,246
Costs:
Products
10,775
9,112
20,874
17,443
Services
28,843
23,167
49,860
47,024
39,618
32,279
70,734
64,467
Gross profit
13,320
10,825
23,351
20,779
Operating expenses:
Research and development, net
535
240
1,106
564
Selling and marketing
2,530
2,185
4,712
4,113
General and administrative
4,632
3,965
8,925
7,497
7,697
6,390
14,743
12,174
Operating income
5,623
4,435
8,608
8,605
Gain on sale of equity investment
4,324
–
4,324
–
Interest expenses
(182)
(324)
(330)
(659)
Other financial expenses, net
(368)
(776)
(181)
(499)
Income before taxes on income
9,397
3,335
12,421
7,447
Provision for income taxes
1,911
211
2,056
803
Income before share of equity investment
7,486
3,124
10,365
6,644
Share in profits of equity investment
of affiliated companies
585
318
1,106
611
Net income
$8,071
$3,442
$11,471
$7,255
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
U.S dollars in thousands, except share and per share data
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Earnings per share
Basic
$0.62
$ 0.30
$0.88
$ 0.65
Diluted
$0.61
$ 0.30
$0.87
$ 0.64
Weighted average number of shares
outstanding
Basic
12,987,471
11,447,986
12,985,316
11,196,992
Diluted
13,131,610
11,666,309
13,164,168
11,409,488
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
U.S dollars in thousands
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income
$8,071
$3,442
$11,471
$7,255
Other comprehensive income (loss), net:
Change in foreign currency translation adjustments
(100)
148
91
676
Net unrealized losses from derivatives
(7)
–
(7)
–
Total comprehensive income
$7,964
$3,590
$11,555
$7,931
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
U.S dollars in thousands, except share data
Share capital
Accumulated
Number of
shares issued
Amount
Additional
paid-in
capital
other
comprehensive
income
Treasury shares
Retained earnings
Total equity
BALANCE AT MARCH 31, 2025
11,214,831
$-
$89,919
$452
$(2,088)
$28,249
$116,532
CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2025:
Comprehensive income
–
–
–
148
–
3,442
3,590
Exercise of stock option
79,633
–
–
–
–
–
–
Issuance of common shares on public offering, net of issuance costs of
$2,769
1,625,000
–
39,415
–
–
–
39,415
Exercise of the underwriters’ option on public offering, net of issuance
costs of $413
242,298
–
5,953
–
–
–
5,953
Share based compensation
–
–
291
–
–
–
291
BALANCE AT JUNE 30, 2025
13,161,762
$ –
$135,578
$600
$(2,088)
$31,691
$165,781
BALANCE AT MARCH 31, 2026
13,257,610
$-
$137,071
$834
$(2,088)
$44,658
$180,475
CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2026:
Comprehensive income
–
–
–
(107)
–
8,071
7,964
Exercise of stock option
15,000
–
136
–
–
–
136
Share based compensation
–
–
360
–
–
–
360
BALANCE AT JUNE 30, 2026
13,272,610
$-
$137,567
$727
$(2,088)
$52,729
$188,935
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
U.S dollars in thousands, except share data
Share capital
Accumulated
Number of
shares issued
Amount
Additional
paid-in
capital
other
comprehensive
income (loss)
Treasury shares
Retained earnings
Total equity
BALANCE AT DECEMBER 31, 2024
11,214,831
$-
$89,697
$(76)
$(2,088)
$24,436
$111,969
CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2025:
Comprehensive income
–
–
–
676
–
7,255
7,931
Exercise of option
79,633
–
–
–
–
–
–
Issuance of common shares on public offering, net of issuance costs of
$2,769
1,625,000
–
39,415
–
–
–
39,415
Exercise of the underwriters’ option on public offering, net of issuance
costs of $413
242,298
–
5,953
–
–
–
5,953
Share based compensation
–
–
513
–
–
–
513
BALANCE AT JUNE 30, 2025
13,161,762
$-
$135,578
$600
$(2,088)
$31,691
$165,781
BALANCE AT DECEMBER 31, 2025
13,257,610
$-
$136,578
$643
$(2,088)
$41,258
$176,391
CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2026:
Comprehensive income
–
–
–
84
–
11,471
11,555
Exercise of option
15,000
–
136
–
–
–
136
Share based compensation
–
–
853
–
–
–
853
BALANCE AT JUNE 30, 2026
13,272,610
$-
$137,567
$727
$(2,088)
$52,729
$188,935
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
$8,071
$3,442
$11,471
$7,255
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
1,391
1,208
2,704
2,513
Non-cash financial expenses
21
600
352
508
Gain on sale of equity investment (Note 4)
(4,324)
–
(4,324)
–
Change in allowance for credit losses
(14)
75
55
25
Share in profits of equity investment of affiliated companies
(585)
(318)
(1,106)
(611)
Share based compensation
360
291
853
513
Deferred income taxes, net
1,615
63
1,700
582
Changes in operating assets and liabilities:
Decrease (increase) in trade accounts receivable
(8,342)
882
(5,448)
(2,594)
Increase in inventory
(3,453)
(3,434)
(9,883)
(7,295)
Decrease (increase) in prepaid expenses and other current assets
1,445
1,697
(812)
1,183
Increase in trade accounts payable
2,403
2,972
4,874
3,406
Increase (decrease) in accrued expenses and other current liabilities
850
(529)
952
(3,571)
Net cash provided by (used in) operating activities
(562)
6,949
1,388
1,914
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of equity investment
4,493
–
4,493
–
Purchase of property and equipment
(1,139)
(3,305)
(2,559)
(6,167)
Net cash provided by (used in) investing activities
3,354
(3,305)
1,934
(6,167)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of short-term debts
–
(10,719)
–
(4,350)
Repayments of long-term debts
(10,721)
(516)
(11,272)
(1,087)
Proceeds from issuance of ordinary shares and exercise of the underwriters’ option
–
48,550
–
48,550
Issuance costs of ordinary shares and exercise of the underwriters’ option
–
(2,820)
–
(2,820)
Proceeds from long term debt, net
10,877
–
10,877
–
Proceeds from exercise of options
136
–
136
–
Net cash provided by (used in) financing activities
292
34,495
(259)
40,293
Net increase in cash and cash equivalents and restricted cash
3,084
38,139
3,063
36,040
Cash and cash equivalents and restricted cash at beginning of period
51,545
5,335
51,566
7,434
Cash and cash equivalents and restricted cash at the end of period
$54,629
$43,474
$54,629
$43,474
Supplementary information on investing and financing activities not involving cash flows:
Additions of operating lease right-of-use assets and operating lease liabilities
$217
$1,688
$299
$1,835
Reclassification between inventory and property, plant and equipment
–
–
–
579
Unpaid issuance costs on long term debt and issuance of shares
152
362
152
362
Unpaid addition to property and equipment and intangible assets
1,140
951
1,140
951
Supplemental disclosure of cash flow information:
Interest paid
154
249
303
516
Taxes paid
79
176
192
195
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)
TAT TECHNOLOGIES LTD.
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)
U.S dollars in thousands
Three months ended
Six months ended
June 30,
June 30,
2026
2025
2026
2025
Net income
$8,071
$3,442
$11,471
$7,255
Adjustments:
Share in profits of equity investment of affiliated companies
(585)
(318)
(1,106)
(611)
Provision for income taxes
1,911
211
2,056
803
Interest expenses
182
324
330
659
Gain on sale of equity investment
(4,324)
–
(4,324)
–
Other financial expenses, net
368
776
181
499
Depreciation, amortization and others
1,445
1,328
2,820
2,691
Share based compensation
360
291
853
513
Adjusted EBITDA
$7,428
$6,054
$12,281
$11,809
TAT TECHNOLOGIES LTD.
ADJUSTED NET INCOME ATTRIBUTABLE TO TAT TECHNOLOGIES LTD. (UNAUDITED)
U.S. dollars in thousands
Three months ended
Six months ended
June 30,
June 30,
2026
2025
2026
2025
Net income
$8,071
$3,442
$11,471
$7,255
Adjustments:
Gain on sale of equity investment
(4,324)
–
(4,324)
–
Income tax impact
908
–
908
–
Adjusted net income
$4,655
$3,442
$8,055
$7,255
Earnings per share
Basic
$0.62
$ 0.30
$0.88
$ 0.65
Diluted
$0.61
$ 0.30
$0.87
$ 0.64
Adjusted earnings per share
Basic
$0.36
$ 0.30
$0.62
$ 0.65
Diluted
$0.35
$ 0.30
$0.61
$ 0.64
View original content:https://www.prnewswire.com/news-releases/tat-technologies-reports-record-second-quarter-2026-results-302843077.html
SOURCE TAT Technologies Ltd
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“Understanding a cell means understanding how its many systems work together. Cellular Intelligence is bringing quantitative models and carefully designed experiments to that problem at an ambitious scale. I am excited by the opportunity to help turn that understanding into more predictable cell engineering and new therapeutic possibilities,” said Jens Nielsen, Scientific Advisory Board member.
Fabian Theis is Director of the Computational Health Center at Helmholtz Munich, Scientific Director of Helmholtz AI and Professor of Mathematical Modeling of Biological Systems at the Technical University of Munich. A co-founder of the Human Cell Atlas and a member of its Board of Directors, he received the 2023 Gottfried Wilhelm Leibniz Prize, Germany’s highest research honor, for machine-learning methods that predict how cells develop and respond to drugs, and is a member of the Leopoldina, the German National Academy of Sciences, and EMBO.
“Progress in modeling cells depends on the quality of the questions our data allow us to ask. What excites me about Cellular Intelligence is its ambition to build rich experimental data and predictive models together. That combination creates an opportunity to test how well models generalize across biological contexts and to learn systematically from where they fall short,” said Fabian Theis, Scientific Advisory Board member.
The appointments follow Arjun Raj’s arrival as Chief Scientific Officer and scientific co-founder, and the company’s acquisition of STEM-PD, an investigational Parkinson’s disease cell therapy with FDA Fast Track designation, from Novo Nordisk in May 2026. Manufacturing and clinical data from the program flow back into the company’s models. The company’s investors include Khosla Ventures, the Chan Zuckerberg Initiative and Novo Nordisk.
About Cellular Intelligence
Cellular Intelligence is a clinical-stage AI company building a universal foundation model of cell signaling to understand, predict and ultimately control cellular behavior. Based in Boston, the company runs experimental biology, machine learning and therapeutic development as a single program, with regenerative medicine at its core. Learn more at www.cellularintelligence.com.
STEM-PD is an investigational therapy. Its safety and efficacy have not been established.
Media contact: Media-Relations@CellularIntelligence.com
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SOURCE Cellular Intelligence
Technology
Huawei Releases an AIFW Technical White Paper to Facilitate Firewall Upgrade
Published
19 minutes agoon
September 21, 2026By
SHANGHAI, Sept. 21, 2026 /PRNewswire/ — On September 17 at HUAWEI CONNECT 2026, Huawei released the Huawei AIFW Technical White Paper during the session themed “Solidifying Network Security Foundations to Safeguard Industrial Intelligence Implementation.” The White Paper systematically presents the architectural concept and key technologies of next-generation AI firewalls (AIFW) tailored for the AI era. Richard Wu, President of the Security Product Domain of Huawei’s Data Communication Product Line, and Jeff Wang, President of Huawei Cyber Security & Privacy Dept, jointly attended the launch ceremony.
From Rule-Driven to Intent-Aware: Reshaping Security Defense Logic
As LLMs, AI agents, and compute clusters scale across industries, the cyber threat landscape is fundamentally shifting. Confronted with emerging risks like prompt injection, sensitive data leakage, and compute misuse, traditional rule-matching systems fall short due to delayed rule updates and limited semantic understanding.
According to the White Paper, AIFW integrates AI-native hardware, LLMs, and intelligence and security knowledge bases to shift defense focus from traffic protection to behavior governance. Leveraging full-spectrum awareness, semantic understanding, risk reasoning, and intent recognition, AIFW accurately pinpoints AI-specific risks such as DGA domains, prompt injection, and unauthorized content exfiltration. This marks a transition from rule-driven to intelligence-driven and from static policies to policy autonomy to protect AI computing centers, enterprise AI agents, and LLM operations.
AI-Native Hardware Foundation: Building Native Security Resilience with High Reliability
The White Paper details the AIFW’s native hardware architecture. Leveraging hardware-software synergy, performance across post-quantum cryptography, rule matching, and AI inference achieves order-of-magnitude improvements. Featuring 99.999% carrier-grade reliability, the product utilizes hardware decoupling, software isolation, and an engine-level root of trust to deliver robust survivability and rapid recovery. By preventing vulnerability exploitation and establishing native security immunity, it ensures uninterrupted core operations during extreme network attacks or failures.
Policy Autonomy and Intelligent Operations: Advancing Toward Human-Like Closed-Loop Defense
Addressing traditional security operation pain points—such as outdated rules, insufficient synergy, and complex management—AIFW achieves policy autonomy through unified security semantics and intelligent reasoning. The AIFW automatically identifies and remediates policy gaps and dynamically optimizes policies alongside service shifts. This establishes a human-like closed loop across awareness, decision-making, and response, significantly easing the operational burden on enterprises.
Moving forward, Huawei will continue collaborating with customers and partners to build an intelligent, efficient, autonomous, and trustworthy next-generation network security ecosystem.
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Technology
Willog Becomes First Korean Company Selected for Lloyd’s Lab Cohort 17, Gaining a Foothold in the Global Insurance Market
Published
19 minutes agoon
September 21, 2026By
Selected as 1 of just 10 companies out of 280 applicants worldwide, and the only Asian company in this cohortAt Lloyd’s, where the world’s insurance risk converges, alumni companies have generated more than $400 million in cumulative GWPWillog gains the opportunity to validate a diversified global revenue model spanning solution and data sales, insurance-linked commissions, and technology licensing fees
LONDON, Sept. 21, 2026 /PRNewswire/ — Willog, an AIoT-based supply chain intelligence company co-led by CEOs Bae Seong-hun and Yoon Ji-hyun, announced that it has become the first Korean company selected for Cohort 17 of Lloyd’s Lab, the global insurtech innovation program run by Lloyd’s of London.
Willog is also the only Asia-based company in this cohort. The selection stands as a major milestone towards an entry into the global insurance market as well as a formal endorsement of Willog’s business model by a leading marketplace.
Named a Top European Startup Hub by the FT: Lloyd’s Lab, Where the World’s Insurance Innovators Converge
Lloyd’s Lab is an insurtech accelerator program that Lloyd’s established in 2018, and the Financial Times has named it one of Europe’s top startup hubs.
The program supports participating companies by providing direct support and collaboration from Lloyd’s underwriters and brokers to prepare insurance products ready for market, while not taking any equity. Program alumni have raised more than $1.4 billion in funding combined and generated $426 million in gross written premium (GWP).
Willog’s Logistics AIoT Data Fills a Gap in the Global Insurance Market
Logistics data-driven insurance products already exist in the market, but most rely on data supplied by carriers or third parties. By connecting proprietary data collected in the field by its own AIoT devices directly to insurance risk assessment and pricing, Willog makes the source of the data itself the basis for trust.
Willog’s approach of applying real-time cargo condition data to underwriting was recognized as a practical solution to a problem the Lloyd’s market has long struggled with: the lack of data infrastructure specific to logistics cargo.
Solution Revenue, Data Sales, Insurance-Linked Commissions, Technology Fees: A Foothold for Diversifying Willog’s Global Revenue Model
Willog Vision, the company’s integrated supply chain solution spanning everything from data logging to claims compensation, records data across the entire logistics process in real time and detects anomalies instantly. Therefore, dramatically lowering loss ratios, while the collected data also allows for insurance claims to cover whatever losses still occur.
During the program, Willog intends to secure insurance partners and prepare to launch a dedicated insurance product optimized for logistics with AIoT data.
Yoon Ji-hyun, Co-CEO of Willog, said, “The essence of this selection is that Lloyd’s has recognized the possibility that data from the logistics field can be translated into the language of insurance underwriting. This will be the starting point of a journey in which Willog’s logistics data becomes real infrastructure that transforms the global insurance market.
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SOURCE Willog
Yann LeCun, Bob Langer, Jens Nielsen and Fabian Theis Join Cellular Intelligence Scientific Advisory Board
Huawei Releases an AIFW Technical White Paper to Facilitate Firewall Upgrade
Willog Becomes First Korean Company Selected for Lloyd’s Lab Cohort 17, Gaining a Foothold in the Global Insurance Market
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