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Verdek and Andromeda Power Unveil Proprietary V2B Platform Targeting a $50B+ Vehicle-to-Grid Market

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MotorTransformer™ technology delivers 90% infrastructure cost reduction, positioning the partnership at the center of the emerging, high-growth V2X economy.

MONROE, Conn., June 17, 2026 /PRNewswire/ — Verdek LLC, a vertically integrated EV charging infrastructure leader with 18 years of deployment experience, and Andromeda Power LLC, developer of the patented MotorTransformer™ bidirectional power platform, today announced a strategic technology partnership. This joint commercial go-to-market strategy, launched at the 2nd Annual Vehicle-to-Grid USA 2026 summit, marks a milestone in both companies’ growth trajectories, introducing a capital-efficient platform that enables electric vehicles to deliver power directly to buildings and the grid at up to 133 kW.

Addressing a Market Bottleneck with Defensible Technology
The V2G and V2B market has long been constrained by the prohibitive cost of bidirectional charging hardware, with conventional systems often exceeding $100,000 per connector—a barrier that has historically restricted deployment to small-scale pilots.

The Verdek-Andromeda platform fundamentally eliminates this bottleneck. The MotorTransformer™ technology, currently being developed by Andromeda Power, repurposes an EV’s existing traction motor as a galvanically isolated transformer while the vehicle is parked. This enables native high-power AC bidirectional operation with no additional hardware, no added vehicle weight, and no requirement to replace existing AC infrastructure.

Key Performance & Economic Metrics

Infrastructure Savings: 90% cost reduction vs. conventional offboard DC systems.High-Power Capability: 133 kW bidirectional AC operation (J3068/J3068-2 compliant).Exceptional Efficiency: 97.9% round-trip efficiency.Scalable BOM: $1,500 vehicle-onboard Bill of Materials, enabling rapid OEM and fleet integration.Validated IP: Platform protected by issued patents; validated via bench testing at 50 kW.

A Scalable, Defensible Business Model
The total addressable market (TAM) for V2X services is projected to exceed $50 billion by the early 2030s. Verdek and Andromeda’s platform is designed for rapid horizontal scaling, leveraging existing AC electrical infrastructure present in commercial buildings and fleet depots globally.

Verdek brings 18 years of established customer relationships, a nationwide footprint, and deep integrations with tier-one hardware partners like ChargePoint and ABB. Andromeda Power contributes the foundational IP and engineering roadmap. Together, this partnership presents a compelling combination of proprietary technology and proven commercial infrastructure.

Executive Commentary
“Fleet operators and building owners are sitting on an enormous untapped energy asset—the vehicles already in their lots,” said Guy Mannino, CEO of Verdek. “We’ve spent 18 years building the infrastructure relationships to monetize that asset at scale. The MotorTransformer™ is the technology that makes the economics work. This partnership is turning a market stuck in pilot mode into one ready for immediate commercial deployment.” 

Commercialization Roadmap

Milestone

Timeline

Nissan Leaf Prototype validation (*)

2026

Commercial fleet integration partnerships

Q4 2026

First commercial fleet deployments

Early 2027

Global V2X ecosystem scaling

2027+

(*) Nissan Leaf Prototype developed with funding from the California Energy Commission.

Resources & Visuals
To demonstrate the MotorTransformer™ technology in action, we invite you to view our latest technical demonstrations:

MotorTransformer™:                           

MotorTransformer™:

The Evolution of EV Fast Charging                         

How a Nissan Leaf EM57 Becomes a High-Frequency Isolation Transformer

https://youtu.be/8vK-BRaREfQ                           

https://youtu.be/rjQesu-X2EM

MEDIA CONTACT
Verdek LLC | 888-336-3734 | Info@Verdek.com

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SOURCE Verdek LLC

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Coral LLC and High Performance Providers Reach Settlement, Concluding Three-Year Litigation

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All claims and counterclaims resolved; no money changed hands

OKLAHOMA CITY, June 17, 2026 /PRNewswire/ — Coral LLC (“Coral”) today announced that it has reached a settlement resolving the litigation between Coral and Gregory E. Smith and Recruitment Specialists, Inc., doing business as High Performance Providers (“HPP”), and Doug Geinzer, which had been pending in the United States District Court for the Western District of Oklahoma (Case No. CIV-23-891). The parties have agreed to the following joint statement regarding the resolution:

“Coral LLC and High Performance Providers announce that they have reached a settlement agreement after three years of litigation. The settlement agreement, in which no money changed hands, terminates both the litigation and the agreement between the parties. A feature of this settlement agreement are strong non-disclosure and non-disparagement provisions with substantial penalties for breach.”

As part of the resolution, the parties have moved to dismiss their respective claims and counterclaims with prejudice. In keeping with the settlement, the joint statement above is the parties’ agreed and complete statement regarding the matter.

Gregory E. Smith, Chief Executive Officer of Coral, said: “We are pleased to put this matter fully behind us. With the litigation resolved, our focus is entirely on our customers and the continued rapid growth of the Coral platform. Coral will have many major announcements in the coming months.”

About Coral LLC

Coral LLC operates The Coral Platform, a direct contract network connecting employers, health plans, providers, and facilities for bundled and transparently priced medical services. Through its marketplace, Coral offers access to millions of transparent-priced medical services across all 50 states, including 5,000+ imaging centers, 80+ hospitals, 3,400 surgical facilities, more than 35,000 centers of excellence surgeons, and 31 Centers of Excellence, serving more than 2.3 million lives. All common service categories are available as bundles or single case agreements. The platform enables payers and providers to establish and scale direct-contract and bundled-price programs through a single contract. Coral is headquartered in Oklahoma City, OK. For more information, visit www.thecoralplatform.com.

View original content:https://www.prnewswire.com/news-releases/coral-llc-and-high-performance-providers-reach-settlement-concluding-three-year-litigation-302803647.html

SOURCE Coral

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TERAGO Announces Election of Directors

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TORONTO, June 17, 2026 /CNW/ – TERAGO Inc. (“TERAGO” or the “Company”) (TSX: TGO) (www.terago.ca), Canada’s largest mmWave spectrum holder (91% of spectrum held) and a leading provider of Managed Fixed Wireless Internet, 5G Private Wireless Networks and SD-WAN solutions today announced results from its 2026 annual and special meeting of shareholders (the “Meeting”) held on June 16, 2026.  All six of the nominees listed in TERAGO’s Management Information Circular dated May 12, 2026 submitted for election to the board of directors at the Meeting were re-elected as directors of the Company.  The directors will remain in office until the next annual meeting of shareholders or until their successors are elected or appointed. 

Detailed results of the vote are set out below: 

Nominee

Votes For

Votes Against

Kenneth Campbell

18,733,664

(99.98 %)

4,000

(0.02 %)

Martin Pinnes

18,733,664

(99.98 %)

4,000

(0.02 %)

Pietro Cordova

18,733,664

(99.98 %)

4,000

(0.02 %)

Tina Pidgeon

18,733,664

(99.98 %)

4,000

(0.02 %)

James A. Watson

18,638,473

(99.47 %)

99,191

(0.53 %)

Daniel Vucinic

18,733,664

(99.98 %)

4,000

(0.02 %)

About TERAGO

TERAGO provides managed network and security services to businesses across Canada. ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit www.terago.ca.

SOURCE TeraGo Inc.

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Prometheus Hyperscale Secures Unanimous Conditional Use Permit Approval from Uinta County Commissioners

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Key permitting milestone reached for 1.25 GW flagship Wyoming campus

LYMAN, Wyo., June 17, 2026 /PRNewswire/ — Prometheus Hyperscale yesterday received unanimous Conditional Use Permit approval from the Uinta County Board of Commissioners for its flagship data center campus near Evanston, Wyoming. The vote represents a significant permitting milestone for the 506-acre site, which is designed for 1.25 GW of initial capacity with a development path to 5 GW.

The approval came after an extensive public engagement process and a formal presentation to the board.

“This unanimous approval reflects the strength of the project’s fundamentals and the depth of community engagement we’ve built in Uinta County,” said Trevor Neilson, President of Prometheus Hyperscale.

Project Highlights

The Evanston campus will operate as a fully islanded microgrid, generating power on-site through high-efficiency natural gas engines and turbines with no draw on the public utility grid, eliminating interconnection queue exposure and ratepayer impact as regulatory risk factors. The facility’s closed-loop liquid cooling architecture requires no draw from local water supplies, with total campus water consumption projected at the equivalent of roughly 15 homes annually.

University of Wyoming Center for Business and Economic Analysis projects a $3.1 billion economic impact through 2032, with $184 million in state tax revenue generated during construction and $53 million annually once operational.

“We’ve been methodical about building the right foundation here, and today’s unanimous vote validates that approach,” said Trenton Thornock, Founder and Senior Advisor of Prometheus Hyperscale. “The site selection, community engagement, technical design, and economic structure were all built to clear the bar in a market where community and regulatory risk is increasingly the differentiating variable. We cleared it unanimously.”

Construction is anticipated to begin within six months of final permitting, with the full 1.25 GW campus expected to be built out in phases over 48 to 60 months.

The Evanston campus is the first of multiple Prometheus Hyperscale sites in development, including Falls Ranch near Casper, Wyoming, designed for up to 1.25 GW in partnership with Casper Carbon Capture, and a Texas project developed alongside ENGIE and Conduit Power near the I-35 corridor.

For investor inquiries, contact: Abby Pick, Chief of Staff, Prometheus Hyperscale abby.pick@prometheushyperscale.com

For media inquiries, contact: Stacie McDonald, Harry Marketing stacie@harry.marketing 307.689.3592

About Prometheus Hyperscale
Prometheus Hyperscale puts energy first in powering the age of intelligence. Prometheus is building next generation hyperscale data centers to deliver efficient, scalable infrastructure for AI and the digital economy. Led by seasoned energy executives and deeply experienced data center developers, Prometheus is redefining how data centers are built—driving innovation, and speed to unlock the future of digital infrastructure. To learn more, visit PrometheusHyperscale.com or our LinkedIn page at https://www.linkedin.com/company/prometheus-hyperscale.

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SOURCE Prometheus Hyperscale

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