Technology
Automotive Engineering Service Providers Market to grow by USD 12.09 Billion (2025-2029), driven by digitization and electrification of automobiles, report with AI impact on market trends – Technavio
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1 year agoon
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NEW YORK, Jan. 28, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global automotive engineering service providers (ESP) market size is estimated to grow by USD 12.09 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 9.8% during the forecast period. Increasing digitization and electrification of automobiles is driving market growth, with a trend towards development of autonomous vehicles. However, increasing cost pressure on automotive oems poses a challenge. Key market players include Adecco Group AG, Altair Engineering Inc., ASM Technologies Ltd., AVL List GmbH, Belcan LLC, Bertrandt AG, Capgemini Services SAS, Contechs, EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., L and T Technology Services Ltd., Magna International Inc., Mahindra and Mahindra Ltd., and Ricardo Plc.
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Automotive Engineering Service Providers (ESP) Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 9.8%
Market growth 2025-2029
USD 12091.9 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.7
Regional analysis
Europe, APAC, North America, South America, and Middle East and Africa
Performing market contribution
North America at 33%
Key countries
US, Germany, UK, China, India, France, Japan, Canada, Malaysia, and Italy
Key companies profiled
Adecco Group AG, Altair Engineering Inc., ASM Technologies Ltd., AVL List GmbH, Belcan LLC, Bertrandt AG, Capgemini Services SAS, Contechs, EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., L and T Technology Services Ltd., Magna International Inc., Mahindra and Mahindra Ltd., and Ricardo Plc
Market Driver
The Automotive Engineering Service Providers (ESP) market is experiencing significant trends in the automotive industry. Companies are focusing on engineering solutions for designing, developing, fabricating mechanical, electrical, electronics, and software elements for automobiles and vehicles’ components. Safety elements are prioritized, including doors, reinforced frames, and improved quality for safe structured vehicles. Efficient and convenient driving experiences are in demand, driven by stringent safety regulations and luxury vehicle markets. Commercial vehicles, 5G networks, autonomous vehicles, electric vehicles, and vehicle efficiency are investment pockets. Self-driving vehicles require advanced sensors, including collision avoidance and connection sensors, and lightweight vehicles and fuel-efficient vehicles are essential for reducing emissions. ESPs provide outsourcing services for Industry 4.0 technologies, including LED technology, lightweight body materials, aerodynamics, software engineering, mechanical engineering, electrical engineering, and digital vehicles. Connected vehicles require cybersecurity, data analytics, and vehicle safety, while electric motors and battery management systems are crucial for electric vehicles. ESPs play a vital role in the automotive engineering field, adapting to emerging nations and the shift towards electric and autonomous vehicles.
Autonomous cars are unmanned vehicles that navigate roads without human intervention, utilizing technologies such as radar, GPS, and Advanced Driver-Assistance Systems (ADAS). These self-driving cars have driven automotive companies and Original Equipment Manufacturers (OEMs) to collaborate on research and development to create successful prototypes. Carmakers have teamed up with tech companies to integrate artificial intelligence, resulting in partnerships between Volvo, Volkswagen, Audi, BMW, General Motors, Ford, Apple Inc., and Google (a subsidiary of Alphabet Inc.). This collaboration aims to enhance the performance of autonomous vehicles and bring them to market.
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Market Challenges
The Automotive Engineering Service Providers (ESP) market is a significant player in the automotive industry, offering engineering solutions for designing, developing, fabricating, and assembling mechanical, electrical, electronics, and software elements for automobiles and vehicles. With the increasing focus on safety elements, ESPs play a crucial role in creating safe-structured vehicles with improved quality. Automotive engineering encompasses models and vehicles, including commercial vehicles, and addresses various challenges such as security concerns, doors, reinforced frames, and vehicle components. Strict safety regulations require ESPs to prioritize safety features, including collision avoidance sensors and connection sensors. ESPs also cater to emerging trends, such as 5G networks, autonomous vehicles, electric vehicles, and vehicle efficiency. Lightweight vehicles and fuel-efficient vehicles are in demand, driving investment pockets in areas like lightweight body materials, aerodynamics, and software engineering. ESPs must address cybersecurity concerns, data analytics, and vehicle safety while ensuring efficient and convenient driving experiences. The future of the automotive engineering field includes self-driving vehicles, electric motors, battery management systems, sensor fusion, and digital and connected vehicles. Outsourcing services, Industry 4.0, LED technology, and lightweight materials are essential for staying competitive in this dynamic market.In the automotive industry, Original Equipment Manufacturers (OEMs) face significant cost pressures due to increasing regulatory requirements and consumer demands. With the adoption of advanced technologies in vehicles, the bargaining power of OEMs has decreased for certain equipment, technologies, and services. As a result, OEMs are shouldering most of the warranty costs and feeling pricing pressure. To cater to price-sensitive consumers, they have absorbed some of the liability and risk, rather than passing it on to other stakeholders like Tier-1 suppliers, component manufacturers, and service providers. This situation puts OEMs under heavy cost pressure and impacts their profitability.
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Segment Overview
This automotive engineering service providers (esp) market report extensively covers market segmentation by
Application 1.1 In-house1.2 Out-sourceProduct Type2.1 Powertrain2.2 Complete vehicle2.3 Electrical/electronics2.4 OthersGeography 3.1 Europe3.2 APAC3.3 North America3.4 South America3.5 Middle East and Africa
1.1 In-house- In-house automotive engineering services refer to companies performing testing, inspection, and certification (TIC) activities internally instead of outsourcing to external service providers (ESPs). With the automotive industry’s technology-driven evolution, in-house engineering enables organizations to maintain control over proprietary technologies and innovations, integrate cross-disciplinary expertise, and ensure strategic control over product development processes. Major automakers like Toyota, General Motors, and Volkswagen have extensive in-house capabilities for innovation, control, and competitive advantage. However, the risks of outsourcing engineering services to ESPs, such as potential security breaches, have led some automotive OEMs to prefer in-house engineering. Despite the cost savings and focus on core competencies from outsourcing, in-house engineering’s strategic benefits and confidentiality advantages make it a preferred choice for many. This trend is expected to drive the moderate growth of the in-house segment in the global automotive engineering service providers market during the forecast period.
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Research Analysis
The Automotive Engineering Service Providers (ESP) market offers comprehensive engineering solutions for designing, developing, fabricating, and integrating mechanical, electrical, and electronic elements for commercial vehicles and passenger cars. These elements include vehicle efficiency technologies like lightweight materials, fuel-efficient engines, and 5G networks for connected and digital vehicles. ESPs specialize in software engineering, mechanical engineering, and electrical engineering for autonomous vehicles, electric vehicles, and vehicles equipped with advanced safety features such as collision avoidance sensors and connection sensors. Additionally, they provide cybersecurity services and data analytics to ensure the secure and efficient operation of modern vehicles. The market continues to evolve with the integration of advanced technologies like 5G networks, lightweight materials, and software development for creating safer, more efficient, and connected vehicles.
Market Research Overview
The Automotive Engineering Service Providers (ESP) market offers engineering solutions for designing, developing, fabricating, and assembling mechanical, electrical, electronics, and software elements for automobiles and commercial vehicles. These elements include doors, reinforced frames, safety elements, and vehicle components. With the increasing focus on improved quality, safe structured vehicles, efficient and convenient driving experiences, and stringent safety regulations, the automotive engineering field is witnessing significant growth. Autonomous vehicles, electric vehicles, and 5G networks are the new investment pockets in the automotive industry. The shift towards digital and connected vehicles is driving the demand for software engineering, cybersecurity, data analytics, and vehicle safety. Lightweight vehicles, fuel-efficient vehicles, and electric vehicle sales are also key trends in the market. ESPs provide outsourcing services for mechanical, electrical, and software engineering, as well as for Industry 4.0 technologies such as sensor fusion, collision avoidance sensors, connection sensors, and LED technology. They also offer expertise in lightweight materials, aerodynamics, battery management systems, electric motors, and fuel efficiency. Emerging nations are becoming significant players in the automotive engineering market, offering cost-effective solutions and advanced technologies. The market is also witnessing the adoption of lightweight body materials, self-driving vehicles, and internal combustion engines. The future of the automotive engineering industry lies in the integration of technology and engineering to create safe, efficient, and convenient vehicles for consumers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ApplicationIn-houseOut-sourceProduct TypePowertrainComplete VehicleElectrical/electronicsOthersGeographyEuropeAPACNorth AmericaSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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Ever.Ag Advances Everett, Its Ag Decision Engine, to Agribusiness
Published
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July 20, 2026By
The third wave of Ever.Ag’s agentic AI rollout arrives at Tech Hub Live, bringing FieldAlytics and Merchant Ag to ag retailers, cooperatives, and growers
DES MOINES, Iowa, July 20, 2026 /PRNewswire/ — Ever.Ag today announced the expansion of Everett, its Ag Decision Engine, to agribusiness—the third wave of an agentic AI rollout that began with dairy in April and expanded to livestock and animal protein in June. The announcement is being made at Tech Hub Live, where Ever.Ag is a key sponsor, at the Iowa Events Center in Des Moines. Everett connects data across a customer’s operation with Ever.Ag intelligence, turning insights into decisions by orchestrating, evolving, and creating workflows woven into the products ag retailers, cooperatives, and agronomists already rely on.
“We said from the beginning that this rollout would go deep in every vertical we serve,” said Ever.Ag CEO Scott Sexton. “FieldAlytics monitors over 220 million active acres. Merchant Ag powers ag retailers and cooperatives across the country. Bringing Everett into those products means agentic AI is now at work for the people who advise, supply, and serve growers every day.”
Agentic AI Built for Ag Retail and the Grower Adviser Network
Ag retailers and cooperatives manage agronomic advice, logistics, grain merchandising, energy delivery, and grower relationships simultaneously, and the margin for a missed signal is real. Everett proactively monitors what matters across that complexity, recommends actions with full context, and enables execution without requiring teams to jump between systems.
“Whether you’re a sales agronomist looking for the next opportunity to improve a grower’s yield, a grain merchandiser settling contracts under deadline, or a dispatcher routing energy deliveries ahead of a cold snap, Everett arrives knowing how operations like yours work and where those decisions happen,” said Simon Drake, Chief Product Officer. “General-purpose AI tools don’t.”
Everett works within each customer’s own data environment. Data stays within their operation and is never shared with or used to inform recommendations for other customers. Everett’s intelligence deepens as it learns the patterns of each customer’s own operation, so the value compounds for that customer without their data ever leaving it. This approach is reinforced by Ever.Ag’s SOC 2 Type II compliance, reflecting decades of experience safeguarding customer data with rigorous, independently validated controls.
What Everett Can Do: A Few Examples
FieldAlytics — Everett predicts which growers are likely to order, and in what quantities, so sales teams can pre-sell and operations can pre-position before the call comes in. Everett delivers role-aware summaries on every FieldAlytics report, giving growers, agronomists, and managers plain-language insights and clear next steps. It also continuously monitors connected equipment, detecting silent connectivity failures before operators encounter them.
Merchant Ag — Everett delivers a unified view of every customer across divisions, surfacing churn signals and expansion opportunities before they would be identified manually. For co-op finance teams, Everett models patronage scenarios and produces board-ready outputs in minutes. Everett also automates AP entry, reading and processing expense and product invoices for validation. Additional capabilities include energy demand forecasting and route optimization, grain settlement validation, and cross-division credit risk scoring and collections prioritization.
What’s Next
The expansion of Everett is not finished. Additional products across dairy, livestock, and agribusiness will carry Everett capabilities in the months ahead, further deepening the intelligence available to customers within each vertical.
“Every product we add makes the value compound,” Sexton added. “We’re not done within any of these verticals. And Everett keeps getting better. The more a customer uses it, the more it understands their operation, and the more value it delivers back to them.”
Learn more about Everett at Tech Hub Live, Iowa Events Center, Des Moines, Iowa, July 20–22, 2026. For more information, visit: www.ever.ag/everett
ABOUT EVER.AG
Ever.Ag is a leading provider of innovative AgTech solutions and services that connect and empower the entire agricultural supply chain, from farm to consumer. With a deep commitment to advancing how agriculture works, Ever.Ag delivers market intelligence, risk management, and cutting-edge software that enable smarter, more sustainable operations across dairy, livestock, crops, and agribusiness sectors. Backed by decades of experience and a passion for industry innovation, Ever.Ag helps producers, processors, and partners make data-driven decisions, improve efficiency, and feed a growing world with confidence.
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SOURCE Ever.Ag
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Replenish Nutrients Announces Strategic Relationship with SRC Agrominerals, including $15 Million Strategic Investment, Beiseker Facility Expansion and Supply Agreement
Published
16 minutes agoon
July 20, 2026By
OKOTOKS, AB, July 20, 2026 /CNW/ — Replenish Nutrients Holding Corp. (CSE: ERTH) (OTC: VVIVF) (“Replenish” or the “Company”) is pleased to announce that it has entered into a securities purchase agreement (the “Investment Agreement”) dated July 17, 2026 with SRC Agrominerals (“SRC”) to support and accelerate Replenish’s near-term growth, including an expansion of the Beiseker facility (the “Beiseker Pelletization Expansion”). Additionally, Mr. Tim Close, the CEO of SRC, and Dr. David Morris, the founder and chairman of Morris Group Canada will join Replenish’s Board of Directors as a director and board advisor, respectively, with Dr. Morris being put forth as a director at Replenish’s next annual shareholder meeting.
Pursuant to the Investment Agreement, SRC will (a) subscribe for 50 million units of the Company (the “Units”) at a price of $0.15 per Unit for gross proceeds of $7.5 million (the “Equity Investment”), each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.225 for a period of four years from closing, and (b) purchase a senior secured (second lien) convertible debenture (the “Debenture”) in an aggregate principal amount of $7.5 million (the “Debenture Investment”, and together with the Equity Investment, the “Strategic Investment”). The Debenture will bear fixed interest of 10% per annum, payable quarterly, in cash or Common Shares at the Company’s election, will mature four years from closing, and will be convertible into Common Shares at a price of $0.225 per Common Share.
As part of the Strategic Investment, the parties will enter into a supply agreement (the “Supply Agreement”) for the supply and delivery to Replenish of carbonatite, a calcium, phosphorus, trace-mineral and microbial-rich resource used for its soil-enhancing properties, and an investor rights agreement (the “Investor Rights Agreement”), as described below.
Highlights:
SRC will take an initial 19.9% interest (non-diluted) in Replenish through the $7.5 million Equity Investment, providing Replenish access to key growth capital and a long-term strategic partner.Each Unit includes one-half of a Warrant – 25 million Warrants in aggregate – exercisable at $0.225 for four years from closing, subject to an acceleration provision if the Common Shares trade at or above $0.28 for twenty consecutive trading days, representing potential additional proceeds to the Company of up to approximately $5.63 million for future growth.SRC will invest $7.5 million, pursuant to the Debenture Investment, representing flexible and cost-effective capital during a period of rapid expansion.Aggregate investment proceeds will support a separate 150,000 metric tonne pelletizing facility at the Company’s existing Beiseker property, along with additional storage, load-out and processing infrastructure supporting the existing Beiseker granulation facility and the new Beiseker Pelletization Expansion.The Supply Agreement provides a long-term supply of carbonatite to be incorporated into Replenish’s proprietary regenerative fertilizer products, securing a key input that enhances Replenish’s product line.In connection with the Strategic Investment, Tim Close, CEO of SRC Agrominerals, will be appointed to the Replenish board. Mr. Close brings significant leadership and expertise across capital markets, corporate strategy, operational execution and commercial governance. Mr. Close previously served as CEO of Ag Growth International (“AGI”), a large, publicly traded global leader in storage, handling and blending equipment for the fertilizer, seed, grain and food-processing sectors. During his 10-year tenure, Mr. Close led AGI’s transformation from a regional provider of grain-handling equipment into a global leader in food infrastructure, with revenue growing fivefold during that span. He built and led a high-performing team, strengthened operational execution and advanced the company’s global growth strategy, including overseeing the deployment of more than $700 million of capital across 19 strategic transactions. Dr. David Morris, Director of SRC Agrominerals, will also join the Replenish board as an advisor and will be put forward as a director at Replenish’s next annual shareholder meeting. Dr. Morris is the founder and former Chairman of Morris Group Canada Inc., which provided innovative solutions for the construction and resource sectors across Canada and South America, including modular construction, workforce housing, site services, labour management, and safety training. Dr. Morris brings deep operational expertise at a time when Replenish is moving into significant operational and commercial expansion.
CEO Commentary
Neil Wiens, CEO, Replenish Nutrients
“This strategic relationship marks a pivotal step in Replenish’s growth strategy,” said Neil Wiens, CEO of Replenish Nutrients. “SRC’s investment gives us the capital to accelerate our Beiseker pelletizing expansion, while our new supply agreement gives Replenish access to a key input for our regenerative fertilizer platform. Beyond the capital, we’re gaining a strategic partner in Tim, David and the SRC team, whose operational and capital markets experience will be a significant asset to Replenish as we scale.”
Tim Close, CEO, SRC Agrominerals
“Replenish has built a capital-efficient, scalable platform for regenerative fertilizer production, and this investment reflects our confidence in their team and their growth trajectory,” said Tim Close, CEO of SRC Agrominerals. “Pairing Replenish’s manufacturing and distribution capabilities with SRC’s carbonatite reserves creates a compelling opportunity to bring the proven soil health benefits of Spanish River Carbonatite to growers across North America. I look forward to joining the Replenish board and supporting the Company through its next phase of growth.”
Beiseker Pelletization Expansion & Facility Pipeline
The planned owned Beiseker Pelletization Expansion will consist of a separate 150,000 metric tonne pelletizing facility, along with additional storage, load-out and processing infrastructure supporting the existing Beiseker granulation facility and the new Beiseker Pelletization Expansion. The Beiseker Pelletization Expansion is expected to be completed by the first quarter of 2028.
The Company expects annualized production from its existing owned and licensed facilities is made up of the following:
Owned Beiseker granulation facility: 24,000 metric tonnesOwned Beiseker colony pelletization facility: 12,000 metric tonnesLicensed Farmers Union Enterprises (FUE) pelletization facility: 100,000 metric tonnesLicensed MJ Ag pelletization facility: 10,000 metric tonnes
The Beiseker Pelletization Expansion will be on the same site as the Company’s existing Beiseker granulation facility and will have no impact to the current production from the Beiseker granulation facility. Upon completion of the new Beiseker Pelletization Expansion, both facilities will benefit from additional shared storage, processing and load-out infrastructure. These capacity estimates have been prepared by management in good faith based on information available to management as of the date hereof and actual results may differ from these expectations.
Consistent with previous guidance, the Company expects gross margins of the new Beiseker Pelletization Expansion to be 25% to 35%. Replenish expects the new pelletization facility to be completed in the first quarter of 2028.
Strategic Investment
Equity Investment – SRC will subscribe for 50 million Units at a price of $0.15 per Unit for gross proceeds of $7.5 million, each Unit will consist of one Common Share and one-half of one Warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.225 for a period of four years from closing of the Equity Investment, subject to an acceleration provision if the Company’s common shares trade at or above $0.28 for twenty consecutive trading days, in accordance with the terms of the warrant certificate governing the Warrants.
Debenture Investment – SRC will also purchase the Debenture in an aggregate principal amount of $7.5 million. The Debenture will bear fixed interest of 10% per annum, payable quarterly, in cash or Common Shares at the Company’s election, will mature four years from closing of the Debenture Investment, and will be convertible into Common Shares at a price of $0.225 per Common Share.
Proceeds from the Strategic Investment shall be applied to the Beiseker Pelletization Expansion, which is expected to be completed in the first quarter of 2028, working capital, inventory purchases, debt repayment, and general corporate purposes.
Closing of the Equity Investment is expected to occur on or about July 24, 2026 and closing of the Debenture Investment is expected to occur on or about August 14, 2026. In accordance with applicable securities laws, the Units and the Debenture will be subject to a hold period expiring four months and one day following the date of issuance. Closing of the Equity Investment and the Debenture Investment is subject to certain customary conditions, including the receipt of all necessary consents, regulatory approvals and the approval of the Canadian Securities Exchange.
Supply Agreement
On closing of the Equity Investment, Replenish and SRC will enter into the Supply Agreement for the supply and delivery to Replenish of carbonatite, a calcium, phosphorus, trace-mineral and microbial-rich resource used for its soil-enhancing properties. Pursuant to the Supply Agreement, Replenish has agreed to purchase a minimum specified quantity per year of carbonatite over a 10-year period, and has agreed to ensure its products contain a minimum specified percentage of carbonatite, subject to product efficacy optimization. Payment terms for the initial volumes are $1 million upon execution of the Supply Agreement.
About Carbonatite
Carbonatite is a carbonate-rich igneous rock formed from volcanic activity. The Spanish River deposit is distinguished by high concentrations of loosely bonded calcium, phosphorus, potassium, and magnesium, along with trace rare earth elements — and, notably, without the radioactive or toxic heavy metals found in many other carbonatite deposits worldwide.
What makes the mineral agriculturally valuable is its reactivity: its fragile primary mineral structure breaks down quickly once applied to soil, releasing nutrients directly into the root zone rather than remaining chemically locked in rock. In its natural setting, this process has visibly transformed the surrounding landscape — the deposit has saturated the local water table with calcium, phosphorus, and potassium, producing decades of exceptional forest growth around the site.
That same effect has been documented repeatedly in independent and field research. A Wilfrid Laurier University study1 found that SRC raises and stabilizes soil pH, more than doubles beneficial soil microbe populations, supports mycorrhizal fungi, and increases seed weight and crop yield at recommended application rates. Trials2 on wheat, soybeans, and cucumbers have shown statistically significant gains in root and shoot biomass, and soybean trials recorded a marked increase in nitrogen-fixing root nodules. In a multi-year Norfolk Soil and Crop Improvement Association trial3 on asparagus, SRC-treated plots produced 75% greater root mass, brix (sugar/nutrient) readings nearly double the control plots (12–13% vs. 7–8%), and a 10%+ yield increase — with no supplemental fertilizer. A test plot4 at Kerr Farms in Chatham, Ontario, a carbonatite application suppressed aluminum toxicity in soil by 78% while increasing plant calcium uptake by over 200% within five weeks, alongside improved crop density, weed suppression, and overall soil tilth and microbial activity.
Collectively, this body of evidence positions carbonatite as a natural, reactive mineral platform for regenerative soil fertility — restoring soil chemistry, rebuilding microbial ecosystems, and improving nutrient uptake without reliance on synthetic inputs.
Investor Rights Agreement
On closing of the Equity Investment, Replenish and SRC will enter into the Investor Rights Agreement. Pursuant to the Investor Rights Agreement, SRC will have the right to nominate one director to Replenish’s board of directors and the right to participate in future equity issuances of the Company to maintain SRC’s pro rata equity interest on the terms set out in the Investor Rights Agreement. Following closing of the Debenture Investment, SRC will have the right to nominate two directors to Replenish’s board of directors.
Following the closing of the Equity Investment, SRC CEO, Tim Close, will join Replenish’s board of directors, and SRC Director, Dr. David Morris, will join the Replenish board as an advisor until he is put forward as a director at Replenish’s next annual shareholder meeting.
About SRC Agrominerals
SRC is a privately-owned Canadian company and the owner of Spanish River Carbonatite reserves — a mineral deposit located outside of Sudbury, Ontario. SRC has spent 15 years commercializing the deposit, with its flagship product — Spanish River Carbonatite (SRC) — now OMRI and ProCert-listed for organic use and applied across hundreds of thousands of acres in row crops, vegetables, fruit, vineyards, landscaping, and environmental remediation.
About Replenish Nutrients
Replenish Nutrients manufactures and sells proprietary fertilizer products containing essential macro and micro nutrients and biological material while using a proprietary zero-waste manufacturing process. Replenish Nutrients is a wholly-owned subsidiary of Replenish Nutrients Holding Corp. (CSE: ERTH) (OTC: VVIVF). To learn more about Replenish visit our website at www.replenishnutrients.com.
For additional information, please contact:
Replenish Nutrients Investor Relations
Email: info@replenishnutrients.com
Sophic Capital
Sean Peasgood
Email: sean@sophiccapital.com
Notes
The fact sheets for carbonatite can be viewed here:
(1)
srcagrominerals.ca/fact-sheets
(2)
srcagrominerals.ca/a%26l-biological-report
(3)
srcagrominerals.ca/fact-sheets
(4)
srcagrominerals.ca/fact-sheets
Cautionary Note Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: the completion, timing and terms of the $15 million Strategic Investment by SRC, including the closing of the $7.5 million Equity Investment and the $7.5 million Debenture Investment on or about July 24, 2026 and August 14, 2026, respectively, and the conditions to such closings, including the receipt of all necessary consents and regulatory approvals, including the approval of the Canadian Securities Exchange; the potential exercise of the Warrants, including the anticipated additional proceeds to the Company of up to approximately $5.63 million; the anticipated use of proceeds from the Strategic Investment, including the Beiseker Pelletization Expansion, working capital, inventory purchases, debt repayment and general corporate purposes; the anticipated timing for completion of the Beiseker Pelletization Expansion, its expected annual production capacity of 150,000 metric tonnes, and its expected gross margins of approximately 25% to 35%; the anticipated appointment of Tim Close and Dr. David Morris to the Replenish board of directors, the timing of those appointments, and the anticipated benefits of SRC’s board representation and governance rights, including SRC’s right under the Investor Rights Agreement to nominate two directors and to participate in future equity issuances to maintain its pro rata equity interest; the terms, duration and anticipated benefits of the 10-year Supply Agreement with SRC, including the incorporation of carbonatite into Replenish’s regenerative fertilizer products; the anticipated agronomic, soil health, crop yield and product-differentiation benefits of incorporating carbonatite into Replenish’s products, including as referenced in third-party research and field trial results; SRC’s initial 19.9% (non-diluted) equity interest in the Company and the potential for further dilution to existing shareholders; and the Company’s plans and opportunity to build a scalable regenerative fertilizer platform through strategic partnerships of this kind.
Forward-looking information is based on the beliefs, estimates and opinions of management as of the date such statements are made and involves a number of assumptions, including: the Strategic Investment will close on the anticipated terms and timing; all required regulatory and exchange approvals will be obtained; the Investor will fulfill its subscription and funding commitments; the Beiseker Pelletization Expansion will be completed on time; anticipated production capacity and gross margins will be achieved; the Supply Agreement will be executed and performed as contemplated; the anticipated agronomic and product benefits will be realized; key personnel will be appointed to the board of directors as expected; and the Company will have sufficient working capital to execute its growth plans.
These forward-looking statements also involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information, including, but not limited to: risks that the Strategic Investment does not close on the anticipated terms, timing, or at all, or that one or both tranches fail to close; risks related to shareholder and regulatory (including CSE) approval of the transaction; dilution to existing shareholders from the Equity Investment, Warrant exercise, and Debenture conversion; risks that the anticipated board appointments do not occur as contemplated or that governance changes affect the Company’s strategic direction; risks that the Supply Agreement does not deliver the anticipated commercial or product benefits, or that SRC is unable to fulfill its supply obligations; risks associated with reliance on a single or limited number of suppliers of carbonatite; risks that the anticipated agronomic, soil health, or product-differentiation benefits of carbonatite are not realized or cannot be substantiated, including because such benefits are based in part on third-party research not independently verified by the Company; risks associated with the commissioning, construction and ramp-up of the Beiseker Pelletization Expansion, including construction delays or cost overruns; risks that anticipated timelines, production volumes, or gross margins for the Beiseker Pelletization Expansion are not achieved; risks related to fertilizer commodity pricing and demand; risks related to the Company’s ability to raise additional capital and to maintain or expand its credit facilities; risks related to the Company’s going concern status; general business, economic, competitive, geopolitical and social uncertainties; regulatory risks; and the other risk factors disclosed in the Company’s public disclosure, which can be found under the Company’s profile on SEDAR+ at www.sedarplus.ca. Readers are cautioned that the foregoing list of risk factors is not exhaustive.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
Certain information contained in this press release regarding carbonatite, including statements regarding its composition, properties, agronomic benefits and referenced research and field trial results, has been obtained from third-party sources believed by the Company to be reliable. While such information is believed to be accurate, it has not been independently verified by the Company, and neither the Company nor its officers or directors makes any representation as to the accuracy or completeness of such third-party information.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Replenish Nutrients Holding Corp.
Technology
HomeWAV Launches Exclusive Staff-to-Inmate Messaging™ Feature for Correctional Facilities
Published
16 minutes agoon
July 20, 2026By
New solution enables staff instant two-way communication to reach inmates
ST. LOUIS, July 20, 2026 /PRNewswire/ — HomeWAV, the leader in simple, secure inmate communication and technology solutions, is proud to announce the launch of Staff-to-Inmate Messaging™, a groundbreaking, exclusive new product feature that gives correctional facilities a powerful new way to communicate directly with inmates, streamlining operations while improving visibility, accountability, and information delivery across the facility.
Staff-to-Inmate Messaging™ gives facility staff a secure, instant way to send text-based messages directly to inmates. While Forms provides a valuable, guided outlet for inmates to submit the right information to staff, it does not allow staff to initiate those communication threads when outreach is needed. Staff-to-Inmate Messaging™ fills that gap while creating guardrails that help staff confirm inmates have reviewed a message and prevent teams from being inundated with unnecessary replies.
“As we invested in strengthening our Forms platform, we continually looked for ways our system could better support administrators throughout their daily operations where every minute matters,” said Andrew Lewis, Senior Director of Product at HomeWAV. “Through that process, we identified a need for a faster, more efficient way for staff to initiate communication. Staff-to-Inmate Messaging™ transforms routine communication from a manual process into a secure, text-based conversation, allowing facilities to communicate with individuals or groups in seconds while maintaining the visibility and controls required in a correctional environment.”
Launching in a phased approach, Staff-to-Inmate Messaging™ will be available on both HomeWAV kiosks and tablets. This exclusive feature gives facilities an innovative, purpose-built product capability competitors do not offer, helping staff quickly share housing changes, program schedules, facility-wide announcements, and other critical updates without relying on time-consuming in-person communication.
Staff-to-Inmate Messaging™ empowers facilities to:
Deliver secure messages to individual inmates, specific PODs, or the entire facility in secondsReduce staff time spent communicating routine announcements and operational updatesMaintain a centralized, trackable record of communications for greater visibility and accountabilityRequire inmate acknowledgment for critical messages when confirmation is neededControl inmate response permissions based on facility policies and operational requirementsImprove coordination across shifts, departments, and housing units
The launch of Staff-to-Inmate Messaging™ reinforces HomeWAV’s commitment to developing innovative technology that helps correctional facilities operate more efficiently, communicate more effectively, and maintain safer, better-connected environments for staff and inmates alike.
Current HomeWAV facility partners interested in enabling Staff-to-Inmate Messaging™ should contact their dedicated Regional Operations Manager to learn more. Correctional facilities interested in HomeWAV’s communication and technology solutions can visit https://www.homewav.com/corrections/contact-homewav/ for additional information.
About HomeWAV
Founded in 2011, HomeWAV LLC has remained the industry leader in providing simple, secure inmate communication and technology solutions to correctional facilities across the country. Headquartered in St. Louis, Missouri, HomeWAV’s all‑in-one patented platform offers video and voice calling, secure messaging, investigative tools, background filtering, tablet‑based access to education, entertainment, reentry resources, and more. Serving facilities in over 30 states, HomeWAV supports millions of users nationwide and reinvests in its purpose-built technology, upholding its pillars of Integrity, Innovation, and Impact to keep facilities safe and communities connected. For more information, visit HomeWAV at www.homewav.com and on LinkedIn and Facebook.
Media Contact:
Amanda Jasper
View original content to download multimedia:https://www.prnewswire.com/news-releases/homewav-launches-exclusive-staff-to-inmate-messaging-feature-for-correctional-facilities-302827607.html
SOURCE HomeWAV
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HomeWAV Launches Exclusive Staff-to-Inmate Messaging™ Feature for Correctional Facilities
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