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Grand Opening of $750M CANXPORT Logistics Hub a Triumph for Canadian Trade

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PRINCE RUPERT, BC, Aug. 28, 2026 /PRNewswire/ — Ray-Mont Logistics, Canadian National Railway (CN), and the Prince Rupert Port Authority (PRPA) announce the grand opening of CANXPORT, an innovative $750 million export logistics facility at the Port of Prince Rupert that is growing markets for Canadian exporters while supporting thousands of Canadian jobs.

CANXPORT, operated by Montreal-based Ray-Mont Logistics, will unlock global customers for Western Canada’s trade corridor. CANXPORT provides expanded capacity for rail-to-container transloading of multiple export products at the Port of Prince Rupert, including from the petrochemical, forestry, agriculture and mining sectors.

CN is proud to support Canadian trade and the operations at CANXPORT with its investment to expand the Zanardi Rapids Bridge, increase the rail corridor capacity, and enhance the port’s intermodal ecosystem.

Indigenous partners are actively involved in the development and operation of CANXPORT. PRPA awarded the primary contract to develop the site to an Indigenous joint venture that includes Metlakatla First Nation, Lax Kw’alaams Band, Gitxaala Nation and IDL Projects Inc. Metlakatla and Lax Kw’alaams are also majority owners of Gat Leedm Logistics, which is the main provider of truck drayage services at the Port of Prince Rupert.

The development of CANXPORT was supported by a $150 million loan from the Canada Infrastructure Bank (CIB), representing the CIB’s first-ever investment in a port project, in recognition of the project’s long-term economic benefits and importance for growing global trade. Transport Canada’s National Trade Corridors Fund contributed nearly $50 million and the Province’s Stronger BC program provided $25 million toward the project. As North America’s closest West Coast port to Asia, the Port of Prince Rupert is uniquely positioned to support Canada’s trade diversification strategy and generate prosperity to strengthen communities across the country.

PARTNER QUOTES

“CANXPORT is an investment in Canada’s trade future, creating jobs, expanding export capacity, and connecting Canadian products to global markets. This facility strengthens the Port of Prince Rupert as a world-class gateway while creating lasting economic opportunities for communities across Canada.”
– Kurt Slocombe, President and CEO, Prince Rupert Port Authority

“As a Canadian company, Ray-Mont Logistics is proud to invest in Prince Rupert and deliver a made-in-Canada solution that supports Canadian exporters and businesses. CANXPORT will lead the way in creating economic opportunities across the country and demonstrating what Canadian innovation can achieve on the global stage.”
– Charles Raymond, President and CEO, Ray-Mont Logistics

“CANXPORT is a part of the momentum building at Prince Rupert, creating new opportunities and connecting Canadian trade with global markets more efficiently. CN’s investments in Prince Rupert, including the Zanardi Rapids Bridge Project, expand capacity and enhance the competitiveness of this important gateway.”
– Tracy Robinson, President and Chief Executive Officer, CN

“Dow is pleased to see this transformational investment, which reinforces our confidence in the long-term strength and competitiveness of the region. The Port of Prince Rupert has been an exceptional partner, and this strategic investment further strengthens current and future port utilization and efficiency, helping companies that rely on the region’s infrastructure to serve global markets.”
– Skya Kruithof, President, Dow Canada

“CANXPORT is a powerful example of what can be achieved when Indigenous Nations are active partners in economic development. The Metlakatla First Nation played a direct role in bringing this facility to life by leading its construction together with our joint venture partners. Our vision, leadership and unwavering commitment to building a stronger economic future for our Nation and the region is bolstered by our businesses like Gat Leedm Logistics and the South Kaien Logistics Park that support the Prince Rupert Gateway.”
– Chief Robert Nelson, Metlakatla First Nation

“The opening of CANXPORT is an important milestone for the region and demonstrates the value of First Nations participation in major projects. Gitxaała Nation is pleased to have been involved in the development of this project and to see investment in the Port of Prince Rupert creating employment, business opportunities and long-term economic benefits for our people and the region.”
– Luugagwelks, Elected Chief Councillor Linda Innes, Gitxaała Nation

 “Canada’s prosperity depends on our ability to get Canadian products to global markets quickly and reliably. CANXPORT will help our exporters reach more customers, strengthen our supply chains and create good jobs here at home. By expanding Canada’s trade capacity and opening new opportunities in fast-growing international markets, we are building a stronger, more resilient economy that delivers greater prosperity for communities across the country.”
– The Honourable Steven MacKinnon
Minister of Transport and Leader of the Government in the House of Commons

“The opening of CANXPORT is a major step forward for British Columbia’s trade future. By expanding export capacity at the Port of Prince Rupert, this project supports B.C.’s Look West strategy to diversify trade, grow exports to non-U.S. markets, and strengthen Canada’s trade corridors. It also demonstrates the value of strong partnerships between Indigenous Nations, industry, and governments in building infrastructure that creates jobs and benefits communities.”
– Mike Farnworth, B.C. Minister of Transportation and Transit

 “The opening of CANXPORT reflects the power of partnerships. The CIB’s $150 million investment enabled new trade capacity, created long-term jobs for Indigenous and local communities and strengthens Canada’s ability to compete in global markets. By improving the movement of goods, CANXPORT will support economic growth and productivity for years to come.”
– Ehren Cory, CEO, Canada Infrastructure Bank

KEY FACTS

CANXPORT is the first in a series of major projects to come online at the Port of Prince Rupert as part of a $3 billion expansion to grow the Gateway.CANXPORT contributes up to 400,000 twenty-foot equivalent units (TEUs) of rail-to-container transloading capacity to the Port annually, with the ability to increase capacity to 750,000 TEUs for bulk and breakbulk commodities in the future.The Port of Prince Rupert is the third-largest port in Canada with the deepest natural harbour in North America and shipped $8.1 billion of Canada’s exports in 2025. In 2025, the Port of Prince Rupert handled 26.3 million tonnes of cargo, a 14% increase over 2024.The Port of Prince Rupert currently supports approximately 7,940 full-time jobs across BC, representing $690 million in annual wages, and contributes $1.5 billion to Canada’s GDP.

CANXPORT Media Kit

ABOUT THE PRINCE RUPERT PORT AUTHORITY

The Prince Rupert Port Authority manages the Port of Prince Rupert, Canada’s northernmost trade gateway on the west coast. The Port of Prince Rupert anchors one of the fastest and most reliable supply chains between North America and Asia, providing vital infrastructure to support shippers and industries as they move their goods and resources to market. The Port of Prince Rupert handles $8.1 billion in Canadian exports and $32.1 billion in imports, supports approximately 7,940 full-time jobs throughout BC, representing $690 million in annual wages, and contributes $1.5 billion to Canada’s GDP.

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SOURCE Prince Rupert Port Authority

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SickSlip Expands Beyond Doctor’s Notes Into Sports Physicals, HSA/FSA Letters, and Dive Medicals

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Founded by Dr. Adam Z. Kawalek, SportSlip brings sports physicals online, built on the joint AAP/AHA pre-participation consensus with ECG screening read to international criteria.

LOS ANGELES, Aug. 28, 2026 /PRNewswire/ — SickSlip, the physician-founded company that modernized the workplace and school absence note, has expanded into three new categories, led by sports physicals for student athletes.

SportSlip is built around a proprietary physician-designed screening that captures a full cardiac, medical, and orthopedic history. It is modeled on the joint AAP/AHA pre-participation consensus, incorporates the American Heart Association’s full 14-element cardiac history, and offers an optional ECG review interpreted under the international (Seattle) criteria used in European and Olympic athlete screening.

“A sports physical is not a formality. It is often the one moment a young athlete’s cardiac, medical, and orthopedic history gets a careful look before they push their body hard, and it deserves real rigor,” said Adam Z. Kawalek, MD, a board-certified internal medicine physician on the medical staff at Cedars-Sinai Medical Center and SickSlip’s founder.

“We built SportSlip’s screening on the standards a good clinic would use. The difference is access. More than 100 million Americans no longer have a regular primary care physician, so for many families a well-designed telehealth screening is not the convenient option. It is the only one they have.”

SickSlip also launched MedSlip, issuing letters of medical necessity so patients can put pre-tax HSA and FSA funds toward expenses that require physician certification, and DiveSlip, physician-signed dive medical clearances for recreational scuba certification.

“Any brand that wants its product covered by HSA or FSA dollars needs a physician’s letter of medical necessity, and that’s the bottleneck. MedSlip is the physician layer that clears it, to the IRS standard and tied to a real diagnosis. Our aim is to be the medical-necessity rail the HSA and FSA economy runs on,” Dr. Kawalek added.

Every SickSlip document is signed by a licensed, board-certified physician with built-in verification for authenticity.

About SickSlip

SickSlip is a digital health company providing physician-reviewed documentation for work and school absences, sports physicals, HSA/FSA letters, and dive medicals. Founded in Los Angeles, it has served over 3,500 patients across 30 states.

SickSlip: www.sickslip.co
SportSlip: www.sportslip.co
MedSlip: www.medslip.co
DiveSlip: www.diveslip.co

Media contact:
Sahil Beg
sahil@sickslip.co

 

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SOURCE SickSlip

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Luxshare Precision Expects Net Profit to Rise 15%-25% in the First Nine Months of 2026

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Growth outlook supported by continued execution across consumer electronics, AI data center infrastructure and automotive electronics

DONGGUAN, China, Aug. 28, 2026 /PRNewswire/ — Luxshare Precision Industry Co., Ltd. (“Luxshare Precision” or the “Company”) (SZSE: 002475; HKEX: 02475), a global provider of precision intelligent manufacturing solutions, announced its preliminary earnings outlook for the nine months ending September 30, 2026.

The Company expects net income attributable to shareholders of RMB 13.25 billion to RMB 14.40 billion, representing year-over-year growth of 15% to 25%. Adjusted net income attributable to shareholders, excluding non-recurring gains and losses, is expected to reach RMB 10.37 billion to RMB 11.72 billion, an increase of 8.63% to 22.79%. Basic earnings per share is expected to range from RMB 1.79 to RMB 1.95, compared with RMB 1.59 in the prior-year period.

The outlook reflects continued progress across the Company’s three core business platforms, supported by its global manufacturing footprint, vertically integrated capabilities and precision intelligent manufacturing platform. The estimates are preliminary and unaudited, with final results to be reported in the Company’s 2026 third-quarter report.

“Our expected performance reflects disciplined execution across our diversified business portfolio and progress in converting earlier technology and capacity investments into commercial programs,” said Wang Laichun, Chairwoman and General Manager of Luxshare Precision. “We remain focused on AI-enabled devices, AI infrastructure and intelligent vehicles, while strengthening localized delivery, operating efficiency and long-term value creation.”

Growth Across Three Core Businesses

Consumer Electronics. Based on the latest disclosed results for the six months ended June 30, 2026, segment revenue increased 19.3% year over year to RMB 122.48 billion. Luxshare Precision continued to deepen core customer relationships, expand ODM and JDM capabilities, and increase its participation in AI-enabled devices. By integrating technologies across acoustics, optics, electrical systems, thermal management, magnetics and precision structures, the Company is extending its capabilities from components and modules to product definition, system development and end-to-end manufacturing. Key areas include AI PCs, smart wearables, AI glasses and intelligent acoustic products.

Communications and Data Center. First-half revenue increased 49.7% to RMB 16.61 billion. The Company is building an integrated AI infrastructure portfolio spanning high-speed copper interconnects, optical interconnects, thermal management and power management. Progress includes batch shipments of 1.6T DAC, ACC and AEC products, volume production of 800G optical products, continued customer introductions for liquid-cooling solutions, and scaled production of DC-DC server power modules. Its system-led development model supports coordinated optimization of bandwidth, signal integrity, power density and thermal performance.

Automotive Electronics. First-half revenue increased 274.1% to RMB 32.39 billion, supported by organic growth, customer program ramp-ups and Leoni’s contribution. Luxshare Precision has expanded its portfolio across connectors, wiring harnesses, intelligent control systems, smart chassis technologies and powertrain solutions. High-speed connectors, intelligent cockpit platforms and advanced driver-assistance systems are progressing across multiple customer programs, while rear-wheel steering products have entered mass production on mainstream vehicle models in China. The continued integration of Leoni strengthens the Company’s global customer access, engineering resources and localized delivery capabilities as it develops a platform-based global Tier 1 business.

Targeted Investment Supports Commercialization

The following figures represent the Company’s latest disclosed data for the six months ended June 30, 2026.

Gross margin increased by 17 basis points year over year to 11.78%, supported by operating leverage, internal efficiency improvements and faster growth in Automotive Electronics and Communications and Data Center, which carry gross margins above the Company average.

Capital expenditures totaled RMB 10.27 billion, up RMB 742 million year over year, primarily supporting overseas facilities, infrastructure and new product lines. Research and development investment increased 43.1% to RMB 6.57 billion, with more than half directed toward forward-looking technology preparation for programs approaching commercialization.

Inventory totaled RMB 50.37 billion at June 30, 2026, an increase of 19.0% from year-end 2025, below first-half revenue growth of 40.2%. The increase primarily reflected business expansion and strategic material preparation for selected products. Digital operating platforms continue to strengthen coordination across demand planning, procurement, inventory and production.

Global Platform and Outlook

Luxshare Precision operates across five continents, 29 countries and more than 100 production sites, supporting localized delivery, customer collaboration and supply chain resilience. Its vertically integrated platform spans core components, functional modules and system-level products, while AI-enabled digital manufacturing tools support quality management, predictive maintenance, production scheduling and standardized global execution.

For the remainder of 2026, the Company will continue advancing consumer electronics product launches and ODM/JDM programs; accelerating commercialization across high-speed interconnects, optical products, liquid cooling and power management; and capturing further integration benefits and customer opportunities in Automotive Electronics.

Luxshare Precision will maintain disciplined capital allocation and continue investing in technology, manufacturing capacity and global delivery capabilities that support sustainable, high-quality growth.

About Luxshare Precision

Luxshare Precision Industry Co., Ltd. is a global provider of precision intelligent manufacturing solutions serving Consumer Electronics, Communications and Data Center, Automotive Electronics and other technology-driven industries. The Company supports customers from product definition and process development through new product introduction, volume manufacturing and global delivery.

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SOURCE Luxshare Precision Industry Co., Ltd.

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Tineco Brings Next-Generation Floor Care Innovations at IFA 2026

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“The Future Cleans Itself” takes the centre stage as Tineco showcases its latest innovations in smart floor care at IFA 2026

SEATTLE, Aug. 28, 2026 /PRNewswire/ — Tineco, a global leader in smart home care solutions, will bring its “The Future Cleans Itself” vision to IFA 2026, showcasing its latest advancements in smart floor care. The lineup spans floor washers, vacuum cleaners and carpet cleaners, demonstrating how Tineco is advancing floor care through greater automation and technology designed to make everyday cleaning easier and more efficient.

As a key communication theme for IFA, “The Future Cleans Itself” reflects Tineco’s continued focus on simplifying the cleaning experience through smart technology. The company’s latest floor care innovations are designed to reduce the manual steps involved in everyday cleaning and maintenance, while delivering greater convenience across different cleaning needs.

At IFA, visitors will be able to explore Tineco’s broader floor care portfolio, including its latest developments in floor washing, vacuum cleaning and carpet cleaning. The showcase will highlight how Tineco is continuing to evolve these categories through intelligent features, automation and thoughtful product design.

Among the products on display will be the FLOOR ONE STATION S9 Scientist Pro, recently launched in the U.S., alongside additional floor care innovations that will be revealed at IFA 2026. Further product details, features and announcements will be shared as part of Tineco’s Big Day press release.

The IFA preview builds on Tineco’s “Every Generation, a New Definition” approach to floor care, a philosophy reflected in the brand’s continued evolution of the category since the launch of the FLOOR ONE S1 in 2020. Recognized as the world’s No. 1 household wet & dry vacuum cleaner brand for the fourth consecutive year,* Tineco has continued to advance the floor washer category and help establish it as an important segment of home cleaning appliances. Through continued investment in product innovation, internationally recognized quality standards, and participation in relevant IEC and ASTM standards, Tineco continues to push the category forward.

At the broader group level, ECOVACS began developing robotic vacuum technology in 2000 and launched its first DEEBOT in China in 2006. Since then, the company has continued to advance DEEBOT through technologies including LDS laser navigation, vacuum-and-mop functionality, All-in-One OMNI Stations, Roller Washing and PowerBoost fast-charging technologies, helping advance the broader robotic cleaning industry.

Media attending IFA can experience Tineco’s broader floor care lineup at Hall 9, Booth 113 (H9 113) at Messe Berlin, Messedamm 22, 14055 Berlin, Germany, from September 4–8, 2026.

*Source: Euromonitor International (Shanghai) Co., Ltd.; measured in terms of the brand’s global retail sales volume (in units) of household wet & dry vacuum cleaners in 2022, 2023, 2024 and 2025. Household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and debris thereafter. Based on research completed in March 2026.

About Tineco

Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 24 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation.

For more information, visit Tineco U.S.

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SOURCE TINECO

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