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Betolar Plc’s Business Review 1-3/2026: Record-high revenue driven by new projects; push for Metal Extraction Technology continues

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KANNONKOSKI, Finland, April 23, 2026 /PRNewswire/ — Betolar Plc’s Business Review for 1 January–31 March 2026 (unaudited)

This is a summary of the Q1 Business Review, which is in its entirety attached to this release and can be downloaded from the company’s website at https://www.betolar.com/investors

January-March 2026 in brief

Revenue amounted to EUR 441 thousand (164 thousand)Other operating income amounted to EUR 200 thousand (428 thousand)EBITDA amounted to EUR -972 thousand (-1,007 thousand)Cash and cash equivalents and short-term fund investments at the end of the period amounted to EUR 5,181 thousand (10,253 thousand)Liquidity and undrawn grants at the end of the period amounted to EUR 6,148 thousand (12,408 thousand)Order intake amounted to EUR 221 thousand (90 thousand)The number of new NRE projects was 3 (1)The average number of employees was 28 (34)Full year guidance unchanged: revenue for 2026 is expected to increase significantly compared to the previous year

Main events in January-March 

Betolar, Ecograf and GTK collaborate to transform Epanko mine tailings using Betolar’s Metal Extraction Technology (2/2026)Trading in Betolar’s shares begun on 20 January 2026 on the OTCQX International marketplace in the United States (1/2026)Betolar’s Shareholders’ Nomination Committee’s proposals to the Annual General Meeting 2026 (1/2026)Annual General Meeting and the Constitutive Meeting of the Board of Directors on March 18, 2026 (3/2026)

 Main events after the period 

Betolar introduces a solution to protect critical infrastructure from drone and other threats (4/2026)

This business review is not an interim report under the IAS 34 standard. The company complies with the half-yearly reporting requirements of the Securities Markets Act and publishes business reviews for the first three and nine months of the year, which present key information and key figures on the company’s strategy and business development. The figures presented in this business review are unaudited. The figures in brackets refer to the corresponding period in the previous year, unless otherwise stated.

President and CEO’s review

“The start of 2026 was strong. The January–March revenue was all-time high in the company’s history. We made consistent progress across all key business areas and strengthened Betolar’s position as a developer of innovative, low-carbon solutions for critical needs of society.

In Mining & Metals, we received a follow-on order from Anglo American related to our Metal Extraction Technology processing of Sakatti mine tailings. We initiated also collaboration with EcoGraf and Geological Survey of Finland (GTK) to assess the utilization potential of tailings from the Epanko mine. These initiatives demonstrate the strong interest shown in our Metal Extraction Technology by leading global mining industry players, and in addition to these projects, we are actively advancing the demonstration of our technology’s performance at the next scale. During the review period, we also continued the development of cementless and low-carbon mining solutions within customer projects.

In Infrastructure Solutions, we focused on executing the company’s largest project order to date and continued the development of low-carbon and cementless concrete solutions for infrastructure projects. We also introduced a new solution to the market for protecting critical infrastructure, such as electrical substations and, especially, main transformers, against drones and other threats. The solution is based on a preventive approach, Betolar’s materials technology expertise, and the use of locally available materials, and it directly addresses the growing demand for improving the resilience and security of society.

In Circular Materials, business developed positively both internationally and in Finland. In India, blast furnace slag sales continued to grow, and in Finland we launched the sale of blast furnace slag to the concrete industry, enabling broader utilization of low-carbon materials that can be adopted immediately in construction.

Overall, the early part of the year reinforced Betolar’s strategic direction and created a solid foundation for business growth. We will continue our determined efforts to commercialize our technologies, deepen partnerships and bring our solutions to wider market adoption. Infrastructure solutions and the sale of circular economy materials support the company’s short-term revenue generation, while our investments in the development and commercialization of our Metal Extraction Technology support the company’s long-term value creation.

Finally, I would like to thank our customers for their trust, our partners for their excellent collaboration, and all Betolar employees for their committed work towards our shared goals. Together, we are building sustainable growth and solutions that create value both for our customers and society at large.”

Tuija Kalpala

Key Figures

Key indicators for the Group

(EUR thousand,

unless otherwise specified)

1–3
 2026

1–3
 2025

1–12
2025

Financial indicators

Revenue

441

164

946

Other operating income

200

428

1 414

EBITDA1

-972

-1,007

-3,709

Cash and cash equivalents and short-term fund investments (at the end of the period)1

5,181

10,253

6,715

Liquidity and undrawn grants (at the end of the period)1

6,148

12,408

7,681

Operational indicators

Order intake (EUR thousand)1

221

90

2,327

Number of new NRE projects1

3

1

9

Personnel (average number during the financial period)

28

34

32

1) Betolar uses certain indicators (EBITDA, cash and cash equivalents and short-term fund investments, liquidity and undrawn grants, order intake, and number of new NRE projects) as quarterly indicators of operational profitability and business performance. The definitions and calculation formulas of these indicators can be found in the annual report of the company.

Financial reporting

Betolar will publish the following financial reports in 2026:

12 August Half-year Review28 October Q3 Business Review

Betolar’s financial reports are available on the company’s website at www.betolar.com/investors

Webcast for investors and media

Betolar will host a live webcast in English for investors and media on 23 April 2026 at 10.00 Finnish time.

You can follow the broadcast at https://betolar.events.inderes.com/q1-2026

In the English presentation, CEO & President Tuija Kalpala and CFO Mikko Wirkkala will present Betolar’s Business Review and other topical issues. A recording of the event and the corresponding presentation will be available on Betolar’s investor website later in the day at https://www.betolar.com/reports-and-presentations 

Betolar Plc

More information
Tuija Kalpala, CEO & President, Betolar Plc, tuija.kalpala@betolar.com, +358 50 567 6608
Mikko Wirkkala, CFO, Betolar Plc, mikko.wirkkala@betolar.com, +358 50 458 4190

Certified Adviser
Aktia Alexander Corporate Finance Oy, +358 50 520 4098

About Betolar

Betolar is a circular economy and materials technology company. The company develops innovative solutions that transform industrial sidestreams and waste into low-carbon, cement-free products for the mining, metals, and construction industries.

At the core of Betolar’s offering is its groundbreaking Metal Extraction Technology for recovering critical and strategic metals from industrial waste streams and mine tailings. Through its continuously evolving Geoprime® solution, Betolar significantly reduces CO₂ emissions associated with traditional cement use and supports more sustainable mining and construction practices.

Complementing its material innovations, Betolar’s AI-based data platform accelerates solution development and optimizes the utilization of industrial sidestreams. The SidePrime analytics service, built on this platform, identifies and maps opportunities for efficient sidestream and waste utilization, enabling data-driven circular solutions.

Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market Helsinki (Helsinki: BETOLAR), and its shares are also traded in the United States on the OTCQX International marketplace 
(OTCQX: BTLRF). For more information www.betolar.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/betolar-oyj/r/betolar-plc-s-business-review-1-3-2026–record-high-revenue-driven-by-new-projects–push-for-metal-e,c4338880

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Robinson Nuclear Plant receives approval from U.S. Nuclear Regulatory Commission to continue operating until 2050

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License extension supports growing energy demand, helps keep customer costs as low as possibleExtended operation provides significant economic benefits for Pee Dee region

Editor’s note: Visit the Duke Energy News Center for downloadable B-roll and high-resolution images of Robinson Nuclear Plant.

CHARLOTTE, N.C., April 23, 2026 /PRNewswire/ — The U.S. Nuclear Regulatory Commission (NRC) has renewed the operating license for Duke Energy’s Robinson Nuclear Plant for an additional 20 years, extending the plant’s ability to deliver reliable energy until 2050.

Robinson, located in Hartsville, S.C., provides enough energy to power 570,000 homes and plays an important role in protecting reliability and affordability for customers as regional electricity demand continues to grow.

What they’re saying

South Carolina Gov. Henry McMaster: “South Carolina’s energy needs continue to rise, and extending Robinson Nuclear Plant’s operating license preserves a reliable, affordable source of nuclear energy our state depends on. This plant ensures we have the power needed to support jobs and strengthen communities across the Pee Dee region.”Congressman Russell Fry (SC-07): “For 50 years, Robinson Nuclear Plant has been the backbone of South Carolina’s nuclear fleet. The extension of its license is monumental for the Pee Dee and allows Duke Energy to continue providing affordable, reliable electricity to homes and businesses in the region. This renewal is a win for families in the Pee Dee, Robinson Nuclear Plant’s employees and Darlington County as a whole.”Steven Capps, chief nuclear officer for Duke Energy: “Extending the operating life of this proven asset helps us deliver low-cost, always-on electricity for customers while supporting jobs and energy security for the region. Robinson’s subsequent license renewal reflects the strength of our safety culture and the rigorous work our teams do every day to support our communities.”

Why it matters

Duke Energy’s nuclear fleet provides about 51% of customers’ energy needs in the Carolinas, making nuclear energy an essential component of the company’s diverse generation portfolio.License renewal extends the use of cost-effective generation, resulting in significant savings for customers over time.Extended operation sustains significant economic benefits for Darlington County and the broader Pee Dee region.

Robinson by the numbers

Delivers 759 megawatts (MW) of electricity, powering nearly 570,000 homes.Nearly 500 high-paying jobs supported.$1.7 billion in equipment upgrades completed.Approximately $28 million in annual local tax contributions.

Go deeper

U.S. nuclear facilities are licensed by the NRC. The process to renew a license requires a comprehensive analysis and evaluation to ensure the plant can safely be operated for the period of extended operation.Robinson’s original 40-year operating license was granted by the NRC in 1970, making it one of the first commercial nuclear power plants in the Southeast. Robinson’s initial license was renewed for an additional 20 years of operation until 2030, and the subsequent license renewal allows for continued operations until 2050.Robinson is the second Duke Energy nuclear facility to receive approval for subsequent license renewal, following Oconee Nuclear Station in 2025. Duke Energy plans to seek subsequent license renewal for all 11 operating units across its nuclear fleet.For more background and updates on the subsequent license renewal process, visit Duke Energy’s subsequent license renewal webpage.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Mikayla Kreuzberger
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/robinson-nuclear-plant-receives-approval-from-us-nuclear-regulatory-commission-to-continue-operating-until-2050-302752297.html

SOURCE Duke Energy

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Cin7 Appoints Sheldon Cummings as Chief Executive Officer

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Seasoned SMB technology leader joins to drive AI-powered growth for inventory and commerce platform

DENVER, April 23, 2026 /PRNewswire-PRWeb/ — Cin7, a leading inventory management and connected commerce platform for small and mid-sized businesses (SMBs), today announced the appointment of Sheldon Cummings as Chief Executive Officer, effective April 20th. Sheldon succeeds Ajoy Krishnamoorthy, who is stepping down after leading the company through a significant period of product investment, global expansion, and customer growth.

I’m thrilled to be joining Cin7 at such a defining moment for both the company and the future of commerce.

“Leading Cin7 over these past few years has been one of the most rewarding experiences of my career,” said Ajoy. “I am proud of the work that we’ve done to improve the product, unite our global team, and deepen our connection with our customers. I’m confident that Sheldon is the right leader for Cin7’s next phase and I look forward to watching this team take the business to the next level.”

Sheldon brings more than 25 years of experience scaling technology businesses that serve small and mid-sized businesses. He most recently served as President and General Manager of the Corporate Business Unit at Smarsh. Prior to Smarsh, he served as Chief Operating Officer of Mailchimp, leading revenue, strategy, and operations across one of the world’s most widely used SaaS platforms for small businesses. He has also held senior leadership roles at Intuit, including Vice President of Sales, where he contributed to scaling go-to-market engines for SMB and Mid-Market focused products.

Sheldon joins Cin7 at a pivotal moment as AI reshapes how businesses manage inventory, fulfill orders, and connect their commerce operations. Already deeply invested in AI, Cin7 is positioned to lead the transformation by delivering smarter, faster, and more connected capabilities to its customers around the world.

“I am thrilled to be joining Cin7 at such a defining moment,” said Sheldon Cummings. “Cin7 has built something genuinely valuable. It has real product depth, a passionate global team, and a large market still full of opportunity. There is a compelling opportunity to become the intelligent commerce platform for SMB and Mid-Market product sellers across the globe. To be the one that harnesses the power of AI to help businesses operate better and grow faster. I am excited to partner with this team to chase that opportunity and to continue delivering the innovation our customers deserve.”

Cin7 serves thousands of businesses worldwide, helping them manage inventory, streamline operations, and connect their sales channels through a single, powerful platform. With teams in the United States, United Kingdom, New Zealand, Australia, Sri Lanka, the United Arab Emirates, India, and the Czech Republic, Cin7 operates as a truly global business with a local commitment to every market it serves.

About Cin7

Cin7 is the leading inventory management and connected commerce platform for small and mid-sized product businesses. Cin7 helps growing brands manage inventory, automate workflows, and connect their sales channels, from e-commerce to wholesale to retail, in one powerful, easy-to-use platform. With over 8,500+ customers in over 100 countries processing over 125 million orders annually, Cin7 is a global business on a mission to make commerce simpler, smarter, and more connected for product sellers everywhere. For more information, visit www.cin7.com.

Media Contact

Karla Fleege, Cin7, 1 509-413-0025, pr@cin7.com, www.cin7.com

View original content:https://www.prweb.com/releases/cin7-appoints-sheldon-cummings-as-chief-executive-officer-302752187.html

SOURCE Cin7

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ShareRing, TKC and Transformational Launch Thailand’s First National Trust Infrastructure for Verifiable Credentials, with Production Rollout Starting June 2026

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A three-party alliance between ShareRing, publicly listed digital infrastructure provider TKC, and Thailand digital transformation firm Transformational will deliver the country’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, anchored on ShareRing’s Privacy KYC technology.

BANGKOK, April 23, 2026 /PRNewswire-PRWeb/ — Turnkey Communication Services PCL (TKC), in partnership with Transformational and ShareRing, today announced a strategic alliance to launch Thailand’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, bridging the trust gap between government and private sector transactions.

We are building the trust layer that the whole country runs on.

“This partnership is about establishing a ‘National Trust Infrastructure,’ which is a critical national policy direction,” said Mr. Sayam Tiewtranon, CEO of TKC. “TKC’s role is to merge our existing infrastructure with global technology standards to drive widespread adoption in alignment with MDES and ETDA. We aim to reduce costs and increase transparency without burdening existing systems, while ensuring future international connectivity.”

Thailand’s Digital Paradox: Connectivity vs. Physical Friction

Despite a 95 percent internet penetration rate, the transactions that matter most, proving where you live, verifying a professional qualification, or applying for a loan, still require a physical visit and photocopies. “In 2026, citizens are still taking half-days off work to manage paperwork at service counters that close at 3 PM,” said Khun Ariya Banomyong, CEO of Transformational, and former Country Head of Google Thailand and Managing Director of LINE Thailand. “What Thailand lacks is a shared infrastructure layer connecting verified documents to real transactions.”

The High Cost of Unverifiable Documents

Reliance on paper documents leaves citizens and businesses vulnerable. “Paper documents are the ‘weakest link’ in the trust chain; easy to forge and impossible to verify,” Mr. Ariya added. “Once data is on paper, you lose control. For businesses, scanned affidavits prove nothing without independent verification, exposing them to massive risks, from unauthorized directorship changes to fraudulent contracts. Nationally, the cost is measured in hundreds of billions of baht in untraceable educational loan portfolios and public services.”

The Solution: Digital Document Wallet plus Verifiable Credential

The alliance introduces a Digital Document Wallet infrastructure, acting as a “Digital Twin” for critical documentation. Powered by ShareRing’s blockchain technology, already deployed in multiple international markets, the platform supports a wide array of Verifiable Credentials. It is designed to accommodate professional licences, employment certifications, company affidavits, academic transcripts and other identity documents as they transition into the ecosystem.

A Three-Party Architecture

The alliance is designed around three complementary roles. TKC provides the national infrastructure footprint and institutional reach into Thai state-owned enterprises. Transformational leads enterprise and government delivery, translating national policy direction into operational rollout. ShareRing contributes the production Privacy KYC technology stack, already live in multiple international markets. ShareRing also holds a strategic equity stake in Transformational, aligning commercial incentives across delivery and technology beyond a standard vendor relationship.

What Institutions Actually Buy: Sovereign Issuance

The commercial offering at the core of the alliance is what ShareRing calls Sovereign Issuance. A government agency, university, regulator or large enterprise issues its own verifiable digital documents, from its own infrastructure, under its own seal. The end user holds the document on a personal device, gives explicit consent before anything is shared, and reveals only what the verifier requires through Zero-Knowledge Proofs. Verification happens in real time, cryptographically, without the verifier ever needing to contact the issuer. Trust stays with the real authority, the issuer, rather than with a centralised intermediary.

Compliant with Global Security Standards (Private and Secure by Design)

The platform is built on privacy-first global standards, with User Consent at its core. It is W3C Verifiable Credential compliant, DIATF certified and ISO 27001:2022 accredited, and aligned with GDPR, Thailand’s PDPA and the Australian Privacy Act. Implementation is being tracked against the emerging OpenID for Verifiable Credentials (OID4VC) interoperability layer being shaped by ETDA.

“By utilizing Zero-Knowledge Proof (ZKP) and Self-Sovereign Identity (SSI), we ensure users verify information without exposing sensitive data,” said Mr. Tim Bos, Co-Founder and Co-CEO of ShareRing. “No information is accessed without explicit user consent, ensuring only the owner holds the access keys to their digital identity.”

From Policy to Implementation

The alliance focuses on providing enterprise-ready solutions to bridge the gap between policy and execution:

Seamless connectivity via SDKs and APIs for immediate integration into existing legacy systems.Sovereign issuance infrastructure enabling organisations to securely issue their own verifiable digital documents.Real-time verification to eliminate manual delays and fraudulent documentation risks.

“We are building the trust layer that the whole country runs on,” said Mr. Rohan Le Page, Founder and Co-CEO of ShareRing. “By deploying W3C-compliant and ISO-accredited technology, we are providing Thailand with an infrastructure built for global interoperability and international business expansion.”

Implementation Roadmap

“We are already in execution,” said Mr. Piya Jirapapongsa, Deputy Managing Director (Operations) at TKC. “Our first deployment goes live with a major state-owned enterprise in June 2026, followed by digital credential issuance for a network of Thai universities in August 2026, with active discussions underway across financial services, hospitality, and public administration.”

A Blueprint for the Region

Thailand is the first national-scale deployment of the alliance’s model. The partners intend the same architecture, a national infrastructure anchor, a locally credible delivery partner, and a W3C compliant identity and credential stack, to serve as a template for broader South East Asian rollout, with regional conversations already active.

For further project enquiries, please contact Mr. Ekkapol Promratanapong, Digital Product Director, TKC, who leads this initiative.

About Turnkey Communication Services PCL (TKC)

TKC is Thailand’s full-service digital infrastructure provider, covering telecommunications, cybersecurity, and digital solutions for government and large enterprises. Led by CEO Sayam Tiewtranon, the company focuses on building infrastructure that is resilient, secure, and compatible with international standards, supporting the country’s transition to a digital economy.

About Transformational Co., Ltd.

Digital transformation consultancy, working with corporate clients and state-owned enterprises, specialising in digital document trust infrastructure and verifiable credential solutions. Led by CEO Ariya Banomyong.

About ShareRing

ShareRing is a Privacy KYC and Verifiable Credential platform operating across multiple international markets. W3C Verifiable Credential compliant, DIATF certified, and ISO 27001:2022 accredited, ShareRing’s infrastructure is built for institutional scale. The company operates ShareLedger, a Cosmos-based Layer 1 calibrated for identity workloads, and ships the ShareRing Me consumer wallet and ShareRing Link enterprise SDK. ShareRing holds a strategic equity stake in Transformational Co., Ltd.

Media Contact

Rohan Le Page, ShareRing, 61 438094075, marketing@sharering.network, https://www.sharering.network

View original content:https://www.prweb.com/releases/sharering-tkc-and-transformational-launch-thailands-first-national-trust-infrastructure-for-verifiable-credentials-with-production-rollout-starting-june-2026-302752315.html

SOURCE ShareRing

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