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Innovative Hydrogen Production Patent granted to Magma Power™ for Hydrogen production via Thermochemical Splitting with Subterranean Heat Sources and Magma Reservoirs

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NEW YORK, Oct. 2, 2024 /PRNewswire/ — Magma Power LLC, a leader in renewable energy innovation, proudly announces the issuance of a pioneering patent for a method and system designed to produce hydrogen through the thermochemical splitting of water, utilizing the immense heat generated by subterranean magma reservoirs. This state-of-the-art technology represents a major advancement in the pursuit of clean and sustainable hydrogen production, offering a revolutionary alternative to traditional methods.

Revolutionizing Hydrogen Production with Earth’s Natural Heat

The patented system begins with a wellbore that extends from the surface deep into a subterranean heat source, specifically a magma reservoir. The method involves injecting one or more feed streams of water into a reaction chamber, where the water undergoes thermochemical splitting to form hydrogen and oxygen. The process is powered by molten salt, heated by magma, which ensures the reaction occurs at an optimal temperature for maximum efficiency and sustainability. The resulting hydrogen and oxygen are then efficiently extracted through designated outlet conduits.

Key Patent Claims

This patent introduces a comprehensive and highly advanced system for optimizing hydrogen production using geothermal heat. Key claims of the patent include:

Thermochemical Splitting System: A reaction system designed for hydrogen production, featuring a wellbore extending into a magma reservoir. The system includes a reaction chamber maintained at the required reaction temperature by molten salt received from the wellbore, and inlet and outlet conduits for water feed streams and product streams of hydrogen and oxygen.Water Recycling Feature: The system includes a return conduit for recycling unreacted water back into the reaction chamber, enhancing efficiency and minimizing waste.Catalyst Integration: The reaction chamber can include a circulating fluidized bed of non-volatile metal oxide catalysts, or alternatively, a volatile metal oxide catalyst, to optimize the thermochemical reactions.Enhanced Feed Stream Composition: The system can handle additional feed streams such as iodine, sulfur dioxide, copper, and hydrochloric acid to further enhance the reaction processes.Molten Salt Heat Transfer: Heat is supplied to the reaction chamber via molten salt circulated through heat exchangers located within the wellbore, ensuring consistent and controlled reaction temperatures.Absorption Chiller and Separator Vessel: The system includes an absorption chiller that receives molten salt from the wellbore to generate a cooling fluid, which is then used to cool a separator vessel. This vessel further processes the hydrogen and oxygen product streams into one or more end products.Downstream Hydrogen Utilization: The system is designed to integrate with downstream processes, allowing the produced hydrogen to be combined with carbon dioxide to generate valuable hydrocarbon products.Hydrocarbon Recovery and Separation: The downstream system can produce both liquid and gas phase hydrocarbons. An absorption chiller and recovery equipment are used to cool and separate these hydrocarbons, maximizing the system’s efficiency and output.

Expert Insights on the Patent

Levi Conner, CEO of MagmaPower LLC, underscored the innovation’s significance: “This patent marks a transformative step in hydrogen production. By utilizing the Earth’s natural geothermal energy, specifically from magma reservoirs, we’ve developed a method that not only optimizes the efficiency of hydrogen generation but also significantly reduces environmental impact. This technology has the potential to reshape the energy landscape by providing a cleaner, more sustainable source of hydrogen.”

Richard McDonald, Chief Strategy Officer of Magma Power LLC, emphasized the technological breakthroughs involved: “The integration of molten salt heat transfer, catalyst-enhanced reactions, and water recycling within this system represents a major leap forward in thermochemical processes. By directly tapping into geothermal heat, we can produce hydrogen with a level of efficiency and environmental responsibility that was previously unattainable. This innovation aligns perfectly with the global push towards cleaner energy and reduced carbon footprints.”

KC Conner, Founder of Magma Power LLC, reflected on the journey to this milestone: “Our mission has always been to harness the Earth’s inherent energy in innovative ways that drive global progress. This patent is the culmination of years of dedicated research, and we’re thrilled to introduce a technology that promises to revolutionize hydrogen production. By leveraging geothermal heat, we’re not just creating a new method for producing hydrogen—we’re setting a new standard for what’s possible in sustainable energy.”

Looking Ahead

Magma Power LLC is actively engaging with industry leaders to bring this groundbreaking technology to the market. The company remains committed to advancing sustainable energy solutions and is eager to see how this innovative method for hydrogen production will be integrated into existing and future energy infrastructures.

Green Energy for Industry

Magma Power’s patented technology can be applied across a range of industries, offering transformative solutions for:

AI Data Centers: As AI computing power demands soar, Magma Power’s low-cost, constant energy supply is the ideal solution for powering data centers 24/7.Bitcoin Mining: Energy-intensive bitcoin mining operations will benefit from reliable, low-cost power, enabling sustainable and profitable mining at scale.Green Fuels: Magma Power enables the production of green hydrogen, ammonia, and kerosene, providing a carbon-neutral alternative for transportation and industrial sectors.

About MagmaPower LLC

Magma Power LLC, (visit MagmaPower.com) headquartered in Tampa, Florida, with additional offices in New York City and Houston, is a pioneering energy technology company dedicated to developing cutting-edge solutions for harnessing renewable energy. Magma Power, LLC has secured eleven worldwide patents covering all aspects of the production of green energy, energy-intensive manufacturing, green fuels, and other products using MagmaPower™. Magma Power, LLC has also filed an additional forty-six global patents covering all aspects of magma power production, with over 1,000 patent claims pending related to this revolutionary new green energy source. Magma power is a virtually unlimited source of green, renewable, baseload energy that U.S. government researchers in the 1970s, including those at Sandia National Laboratories, concluded could meet the Earth’s energy needs for the next several thousand years. The work of Magma Power, LLC has taken the initial insights from the Sandia Labs test and developed them into a robust, patent-protected technology ready for commercial deployment. Given the inability of wind and solar to provide stable baseload renewable power, there is no long-term alternative to magma power for renewable energy. Magma Power is Inevitable. It’s not a question of if magma power will power the Earth – but when. Energy is civilization, and the next several thousand years of civilization will be driven by MagmaPower™.

For media inquiries, please contact:

Richard McDonald

Chief Strategy Officer

rmcdonald@magmapower.com

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SOURCE Magma Power

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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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