Technology

CIB closes $100 million loan with Morguard to advance building energy upgrades

Published

2 hours ago

September 16, 2026

NERVA Energy to support deep energy retrofits across selected Morguard properties

Disponible en français

Morguard has established a $145 million Morguard ReNew Fund supported by its partnersThe Morguard ReNew Fund supports retrofits which will reduce energy use and help lower long-term operating costs, with a minimum 30 per cent reduction in emissionsMorguard and NERVA Energy will complete deep energy retrofits and optimization projects across a diverse portfolio of residential and commercial properties in CanadaUpgrades will modernize mechanical systems and support fuel switching to low-carbon heating and hot water options, including heat pumps and the use of district energy

TORONTO, Sept. 16, 2026 /CNW/ — The Canada Infrastructure Bank (CIB) has reached financial close on a $100 million loan with Morguard Corporation to enable energy‑efficient retrofits across a portfolio of approximately 30 properties in Canada.

Morguard is a fully integrated real estate firm with more than $24.2 billion in assets under management across North America. Morguard will collaborate with NERVA Energy, a multi‑disciplinary engineering firm specializing in energy performance, to design and implement the retrofit projects across the portfolio.

The loan, coupled with an equity commitment from Morguard and its investors through the newly established Morguard ReNew Fund, will support portfolio-scale building upgrades across Morguard’s multi-suite residential and commercial buildings, including retail, office and industrial properties. Upgrades are expected to include improvements to optimize building systems and mechanical equipment, along with low-carbon heating and hot water solutions.

NERVA Energy is serving as the technical and delivery partner, providing integrated engineering and implementation across participating properties. The projects are focused on improving building performance, reducing emissions and supporting long-term operational efficiency.

The upgrades are expected to reduce annual emissions by approximately 35,246 tonnes of CO₂e across participating properties, while improving building performance and long-term operational efficiency.

The CIB’s loan is provided through its Building Retrofits Initiative, which offers low-cost, long-term financing to help building owners overcome high upfront costs and long payback periods associated with deep energy retrofits.

Endorsements:

Delivering deep retrofits at scale takes strong collaboration between building owners, technical experts, and long‑term capital. Working with Morguard and NERVA Energy, we’re accelerating deep retrofits that reduce energy use, save owners long‑term operating expenses and cut emissions.
Ehren Cory, CEO, Canada Infrastructure Bank

Through investments like this, the Canada Infrastructure Bank is helping building owners make the upgrades needed to cut emissions, lower energy costs, and extend the life of the building. These large-scale retrofits will modernize buildings across Ontario and Quebec while supporting a cleaner economy and more resilient communities for generations to come.
Hon. Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada

This $100 million investment through the Canada Infrastructure Bank will help modernize buildings across Canada, reduce emissions by more than 35,000 tonnes annually, and improve long-term energy efficiency. By partnering with Morguard and NERVA Energy, we are supporting practical solutions that strengthen our building infrastructure while advancing Canada’s clean economy.
Hon. Shafqat Ali, President of the Treasury

Establishing the Morguard ReNew Fund, with support from CIB, advances our ongoing efforts to strengthen the performance, efficiency and resilience of our properties over time. By implementing retrofit upgrades across selected assets, we are improving building operations, reducing emissions and continuing to position our portfolio for long-term value creation.
Angela Sahi, President and Chief Executive Officer, Morguard Corporation

This is a clear example of where the industry is heading. Retrofit programs are no longer conceptual or fragmented, they are becoming structured, measurable and scalable. We are proud to support Morguard in delivering tangible performance improvements across their portfolio while advancing Canadian expertise in this space.
Rob Hallewick, Chief Executive Officer, NERVA Energy

Learn More:

Morguard Corporation
NERVA Energy

Morguard Corporation

Morguard Corporation is a real estate investment company listed on the Toronto Stock Exchange (TSX: MRC). The company and its subsidiaries, Morguard REIT (TSX: MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN), own a diversified portfolio of real estate assets across multiple classes, including office, industrial, retail, multi-suite residential and hotel. Morguard also provides real estate management services to institutional and other investors. As of June 30, 2026, Morguard’s owned and managed portfolio of assets was valued at $24.2 billion.

For more information, visit www.morguard.com or follow on LinkedIn and Instagram.

NERVA Energy

NERVA Energy is a Canadian multidisciplinary engineering firm specializing in the delivery of high-performance building retrofit solutions. Combining in-house engineering expertise with field execution capabilities, NERVA provides turnkey programs that optimize building systems, improve energy performance, and enhance overall asset quality.

With a focus on measurable outcomes and accountability, NERVA’s solutions are supported by performance guarantees, ensuring that projected results are realized in practice. The firm works with building owners and institutional partners to deliver scalable retrofit programs that improve efficiency, reduce emissions, and strengthen long-term asset performance.

SOURCE Canada Infrastructure Bank

Technology

Unisys Transfers Approximately $200 Million of Its U.S. Defined Benefit Pension Obligations to New York Life Through the Purchase of a Group Annuity Contract

Published

32 minutes ago

September 16, 2026

Consistent with Unisys’ capital structure and pension strategy, this agreement reduces pension liabilities and lowers the future cost of fully removing its U.S. pension obligations

BLUE BELL, Pa., Sept. 16, 2026 /PRNewswire/ — Unisys (NYSE: UIS) today announced it closed an agreement with New York Life Insurance Company (“New York Life”) to purchase a group annuity contract totaling approximately $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the Company’s U.S. qualified pension plans to New York Life.

As outlined in Unisys’ July 2025 Capital Structure and Pension Strategy investor presentation, the Company targeted a $600 million reduction of U.S. qualified defined benefit pension plan liabilities. This latest annuity purchase transaction brings the cumulative reduction to approximately $520 million since July 2025. The Company anticipates completing one additional settlement by January 2027, which would bring the reduction in U.S. liabilities closer to achieving the target.

As part of the transfer, New York Life will assume responsibility for providing pension benefits for approximately 1,700 retirees and beneficiaries with monthly benefits lower than certain thresholds. There will be no changes to the gross amount, timing, or form of the monthly pension benefit payments, backed by New York Life’s financial strength and long-term commitment to policy owners.

Unisys anticipates that this action will result in a third-quarter 2026 one-time, non-cash, pre-tax settlement charge of approximately $150 million. Since the purchase will be made by the pension trust, there will be no impact on the Company’s cash position.

About Unisys

Unisys is a global technology solutions company that powers breakthroughs for the world’s leading organizations. Our solutions – cloud, AI, digital workplace, applications and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what’s possible for more than 150 years, visit unisys.com and follow us on LinkedIn.

About New York Life

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest1 mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, disability income insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.2

1Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/3/2026. For methodology, please see https://fortune.com/company/new-york-life-insurance/.
2Individual independent rating agency commentary as of 10/28/2025: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aa1), Standard & Poor’s (AA+).

Forward-Looking Statements

Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Unisys cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond Unisys’ ability to control or estimate precisely and are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Forward-looking statements in this release include the impact on the U.S. pension. Additional information and factors that could cause actual results to differ materially from Unisys’ expectations are contained in Unisys’ filings with the U.S. Securities and Exchange Commission (SEC), including Unisys’ Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. Information included in this release is representative as of the date of this release only and while Unisys periodically reassesses material trends and uncertainties affecting Unisys’ results of operations and financial condition in connection with its preparation of management’s discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, Unisys does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.

RELEASE NO.: 0916/10070

Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.

UIS-C

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SOURCE Unisys Corporation

Technology

TE Connectivity declares quarterly dividend

Published

32 minutes ago

September 16, 2026

GALWAY, Ireland, Sept. 16, 2026 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) announced today that its board of directors declared a regular quarterly cash dividend of $0.78 per ordinary share, payable on December 11, 2026, to shareholders of record at the close of business on November 20, 2026.

About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.

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SOURCE TE Connectivity plc

Technology

Brightstar Lottery Showcases Innovative Lottery Solutions at NASPL 2026

Published

32 minutes ago

September 16, 2026

LONDON, Sept. 16, 2026 /PRNewswire/ — Brightstar Lottery PLC (NYSE: BRSL) (“Brightstar”) announced today that it will spotlight its comprehensive portfolio of lottery solutions at the North American Association of State and Provincial Lotteries (“NASPL”) 2026 annual conference, from Sept. 21 – 24, in Orlando, Florida. Brightstar’s team of lottery experts will highlight solutions across content, retail performance, intelligent operations, and player experience designed to help lotteries drive growth and engage players.

“We are excited to connect with lottery leaders at NASPL 2026 and demonstrate how Brightstar’s solutions innovations and investment in transformation are designed to meet the evolving needs of lotteries that are operating in an environment of rapid technology advancements and new competitive threats,” said Marco Tasso, Brightstar Executive Vice President and Chief Operating Officer Global Lottery. “As lotteries look for new ways to drive growth, improve performance, and engage players in this dynamic marketplace, we remain focused on delivering technology, expertise, and insights intended to support those objectives while generating sustainable results and long-term value for the communities they serve.”

NASPL attendees who explore Brightstar’s booth can experience a variety of engaging new products and services including:

Explore Games for All Experiences: Brightstar will spotlight its growing portfolio of omnichannel content and digital engagement solutions that offer players a variety of ways to play across retail and digital channels. Featured in the booth will be Brightstar’s portfolio of iconic licensed brands, including Wheel of Fortune, Ghostbusters™, and Rubik’s™, all available as omnichannel game offerings, as well as its partnership with iHeartRadio, which provides lotteries with extensive media reach and player engagement opportunities. Brightstar will feature Infinity Instants Frame™, a flexible platform that leverages infinity technology to create unique ticket designs across a variety of game types. Attendees can explore Brightstar’s latest patented draw game, WinMode™, alongside eInstant games engaging players across North America, including top-performing titles, new releases, and innovative features designed to support player engagement and portfolio growth.Drive Retail Growth: Showcased in this area of Brightstar’s booth are products and services designed to help lotteries and retailers remove barriers, simplify retail operations, enhance efficiency, and create more seamless experiences for retailers and players alike. Featured solutions include Retailer Lens, a versatile new device for ticket, barcode, QR code, and mobile content scanning; and Brightstar’s latest retailer terminals, Retailer Pro S2 and Retailer To Go S2. Brightstar will showcase how LotteryLink™, the compact solution that enables instant ticket and draw-game sales directly through a retailer’s point of sale environment, is actively supporting lottery retailers in the marketplace. Visitors can also learn how Brightstar is helping lotteries modernize retail operations through innovations such as predictive maintenance, remote visual assistance, and artificial intelligence (AI)-powered tools designed to help sales and field service teams to operate more effectively and efficiently.Accelerate Insights: Brightstar will demonstrate how AI, advanced analytics, and automation can help lottery teams work more effectively, uncover insights, strengthen player engagement, and improve operational efficiency. The area will also showcase how player feedback can complement traditional performance metrics to provide a more complete understanding of player preferences and behaviors. Demonstrations will include Brightstar’s Agentic Reporting Assistant, designed to facilitate interaction with lottery data; and Game Planner, an AI-assisted solution designed to simplify and enhance instant-game planning and forecasting. Attendees can also explore innovations across player marketing, game recommendations, bonus optimization, player segmentation, and business intelligence.Elevate Every Play: Brightstar will showcase innovative retail and digital solutions designed to help lotteries connect with players in new ways while delivering more personalized and convenient experiences across every touchpoint. Highlights include the GameFlex 48 vending machine, now providing players with access to 48 instant and draw games in lottery retail environments, and GameTouch Draw S2 with eInstants, which brings eInstant games into the retail environment. Attendees can also experience the SignaLink Player Experience and Connected Play solutions that help bridge retail and digital channels through features such as mobile-enabled game discovery, self-service claims, and paperless instant ticket concepts.

Brightstar leaders will also participate in several NASPL panel discussions including:

Wednesday, September 23Nathanael Worley, Brightstar Vice President, North American Sales Development, will participate in the “Product Management and Game Development” panel for a discussion on the trends, innovations and player expectations influencing the next generation of lottery products.Thursday, September 24Marco Tasso, Brightstar Executive Vice President and Chief Operating Officer of Global Lottery, will participate in the Premiere Member Panel to discuss the trends transforming lottery today and how lotteries can adapt, innovate and thrive in a changing market.Michelle Carney, Brightstar Vice President, Global Lottery Marketing, will deliver Brightstar’s Premier Partner Presentation on how lotteries can stay relevant, competitive and connected to the next generation of players.Jesse Saccoccio, Brightstar Senior Director, Lottery Product Management, will participate in the “Self-Checkout and Digital Lottery at Retail Blends” panel to share insights into the growing convergence of retail and digital play in a changing lottery industry.

About Brightstar Lottery PLC
Brightstar Lottery PLC (NYSE: BRSL) is a global leader in lottery focused on innovation and forward-thinking strategies and solutions, building on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, entertain players and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar serves nearly 90 lottery customers and their players on six continents. It is the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. and eight of the world’s 10 largest lotteries with central systems. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com or follow along on LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, financial condition, business opportunities, market developments, strategic initiatives, or otherwise, based on the current beliefs of the management of the Company, as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of those words or comparable terminology. Specifically, statements regarding the anticipated benefits, capabilities, performance, functionality, customer adoption, commercialization, market acceptance, growth potential, operational efficiencies, business opportunities, or future development of the Company’s products, technologies, digital initiatives, artificial intelligence solutions, and other offerings highlighted at NASPL 2026 are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions as of the date of this news release and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control, that could cause actual results, performance or developments to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, among others, the Company’s ability to successfully develop, enhance, deploy, market and commercialize its products, technologies and services; customer acceptance and adoption of new products, services and technologies; the ability to convert customer interest, demonstrations, pilot initiatives or business discussions into commercial opportunities or contracts; the timing and success of product launches, implementations and deployments; the performance and reliability of the Company’s products and technologies; developments relating to artificial intelligence technologies and their use, regulation and adoption; competitive pressures; technological changes; cybersecurity and data privacy risks; changes in laws, regulations and governmental policies affecting the lottery industry; macroeconomic, political and regulatory uncertainty, including as a result of tariffs, trade restrictions and geopolitical events; fluctuations in foreign currency exchange rates; and other risks and uncertainties described under “Risk Factors” in the Company’s most recent Annual Report on Form 20-F and in subsequent reports filed or furnished to the U.S. Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.brightstarlottery.com. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. Accordingly, readers should not place undue reliance on such statements. The forward-looking statements contained in this news release speak only as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Contact:
Mike DeAngelis, Corporate Communications, +1 (401) 392-1000, mike.deangelis@brightstarlottery.com
Matteo Selva, Italian media inquiries, +39 366 6803635
James Hurley, Investor Relations, +1 (401) 392-7190

The trademarks and/or service marks used herein are either trademarks or registered trademarks of Brightstar Lottery PLC, its affiliates or its licensors.

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SOURCE Brightstar Lottery PLC