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Press Release Database
Recent press releases, indexed by topic.
Finance · Retail
Richard Hawkins, George Wallace and Darren Donnelly Appointed to Newly Created Advisory Board as Company Builds Infrastructure for Its Next Phase of Growth ORLANDO, FL - September 29, 2026 ( NEWMEDIAWIRE ) - Pride Holdings Group (OTC: PHSE) today announced the formation of a new Advisory Board and the appointment of Richard Hawkins, George Wallace and Darren Donnelly as its initial members. The establishment of the Advisory Board represents another step in Pride Holdings Group’s continued development of its corporate governance and strategic infrastructure as the Company expands its operating portfolio, evaluates additional acquisition opportunities and works toward its long-term objective of pursuing an uplisting to the New York Stock Exchange (NYSE) or NASDAQ. The Advisory Board will wor
Sep 29 · 13:00·NewMediaWire
Finance · AI
HONG KONG, Sept 29, 2026 - (ACN Newswire) - Direct Drive Tech Limited ("Direct Drive Tech" or the "Company", stock code: 6731) was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited. The Company offered 50,000,000 shares under the Global Offering, of which the Hong Kong Public Offering was approximately 208.56 times subscribed. The final offer price was set at HK$21.60 per share with a board lot of 100 shares, raising gross proceeds of approximately HK$1,080.0 million.
"From day one, Direct Drive Tech has pursued a single goal — using direct drive technology to drive the world," founder Zhang Di said at the listing ceremony. "We remain committed to our mission of bringing robots into every household, and to making robots more efficient, more dexterous and more intelligent." In a letter to staff on the eve of the listing, Zhang likened the industry's shift to the replacement of vacuum tubes by transistors: "This time, the future will not belong to better reducers either." He expects at least 10 billion robots to enter industries and households over the next decade. Direct Drive Tech, he wrote, is not simply a maker of "direct drive joints", but a robotics technology company with direct drive technology at its core and general intelligence connecting everything, with future investment focused on three areas: AI4S (AI for Science), AI4I (AI for Iteration) and AI4R (AI for Robot).
Direct Drive Tech was founded in Dongguan in March 2020, when reducers dominated robot power systems and direct drive — with its high technical barriers — drew little interest. Starting from three core capabilities in direct-drive motor design, thermal management and drive-control integration, the Company built three technology pillars: robotic actuator module technology, wheel-legged robot technology and modular reconfiguration technology, establishing an integrated R&D system spanning core components and robots.
By eliminating reducers and other intermediate transmission components, direct drive couples the motor directly to the payload. The result is a simpler structure, higher positioning accuracy, lower noise and less wear — attributes suited to human-proximate applications such as household cleaning robots, where quietness and compact size matter most. On this differentiated route, the Company has become the world's first and only company to have shipped more than 5 million robotic direct drive actuator modules for consumer robots, according to Frost & Sullivan; by the end of June 2026, its technology had powered more than 7.5 million robots worldwide.
Built on the three pillars, the Company's embodied joint module portfolio covers the mainstream size range from 20 mm to 120 mm, with peak torque outputs of up to 120 Nm. As of the Latest Practicable Date, it held 352 patents in China with 148 applications pending; 94.3% of its 192-member R&D team hold bachelor's degrees or above.
In the consumer segment, the Company works with four of the world's top ten consumer robot providers by 2025 revenue. In embodied intelligence, it supplies embodied joint modules to one of China's top five embodied intelligence robot providers by total value of orders on hand in 2025. For its robot products, the Company has launched four wheel-legged robot models — Diablo, TITA, TITATIT and D1. Diablo robot is the first direct-drive dual-wheel-legged robot commercially introduced in the world; D1 is the first fully modular dual-wheel-legged robot commercially introduced in the world.
The numbers now back the route. Revenue rose from RMB17.5 million in 2023 to RMB281.7 million in 2025, a CAGR of 300.8%, and grew a further 39.7% year on year to about RMB200 million in the first half of 2026. Gross profit margin climbed from 13.5% to 21.5% over the period, while the adjusted net loss margin (non-IFRS measure) narrowed sharply from 349.1% to 15.4% as economies of scale took hold.
The Company plans to deploy about 50% of the net proceeds to R&D in key robotics technologies, including performance upgrades to robotic direct drive actuator modules and advances in robot and modular assembly technology; about 20% to deepen our collaboration with industry partners and wider domestic and overseas sales networks; about 20% to highly automated flexible production lines and process optimisation; and the remaining 10% to working capital and general corporate purposes.
Frost & Sullivan expects the PRC direct drive actuator module market to grow from RMB1.9 billion in 2025 to RMB12.9 billion in 2030, and the country's embodied joint modules market to expand from RMB1.18 billion to RMB14.03 billion over the same period. The Company said it will capture the twin opportunities of direct drive substitution and the industrialisation of embodied intelligence, consolidate its segment leadership and create long-term value for shareholders.
Copyright 2026 ACN Newswire. All rights reserved. www.acnnewswire.com
Sep 29 · 12:49·mlpr-acnnewswire
Crypto · AI
McAfee Launches Simple, Proactive All-in-One Safety Solution That Protects Consumers During Time of Growing Concern About AI-Enabled Threats McAfee's New Product Launches as State-by-State Data Shows Investment and Crypto Scams Dominate Nationwide - with 53% of Victims Who Lost Money...
Sep 29 · 12:00·mlpr-prnewswire-wire
Retail
STAMFORD, Conn., Sept. 29, 2026 /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today announced that it will report its financial and operating results for the third...
Sep 29 · 11:45·PR Newswire
Healthcare · Retail
The Probiotic Drink Market is being transformed by growing consumer interest in digestive wellness, preventive health, and functional nutrition. Probiotic Drink Market Valued at USD [read full press release...]
Sep 29 · 11:31·Express Press Release
AI · Retail
PARIS, Sept. 29, 2026 /PRNewswire/ -- JB Hi-Fi, Australia's leading consumer electronics retailer, and Vusion, the global leader in AI-powered digitalization solutions for physical commerce, today announce a new rollout plan to accelerate the digital transformation of JB Hi-Fi's stores....
Sep 29 · 11:30·PR Newswire
AI · Healthcare
Recognition by TIME and Statista highlights b.well among 500 health technology companies worldwide BALTIMORE, Sept. 29, 2026 /PRNewswire/ -- b.well Connected Health, the infrastructure powering AI-driven consumer health experiences, today announced it has been named to TIME's World's Top...
Sep 29 · 11:30·PR Newswire
AI · Retail
(PR-inside.com) CEO Kyle Hall to Present Live Online to Retail and Institutional Investors SURREY, BC / ACCESS Newswire / September 29, 2026 / INEO Tech Corp. (TSXV:INEO)(OTCQB:INEOF)(FSE:0OQ) (the "Company" or "INEO"), a provider of connected entrance infrastructure for modern retail, is pleased to announce that Chief Executive Officer Kyle Hall will present at the AI & Technology Virtual Investor Conference on Thursday, October 1, 2026. The online conference is hosted by Virtual Investor Conferences, an investor conference series operated by OTC Markets Group. INEO's live presentation will take place at 1:30 p.m. Eastern Time. During the presentation, Hall will provide an overview of INEO's ..
Sep 29 · 11:00·PR-Inside
AI · SaaS
(PR-inside.com) Veteran Retail & Global Finance Executive Joins David's to Further Accelerate the Company's Aisle-to-Algorithm Transformation & Scale Its Technology-Enabled Growth Engine KING OF PRUSSIA, PA / ACCESS Newswire / September 29, 2026 / David's Bridal, Inc. ("David's"), North America's largest bridal and occasion retailer and Pearl , its AI-powered wedding planning and marketplace platform, connecting couples with everything they need for life's biggest moments - today announced the appointment of Kathy Cherian as Chief Financial Officer, effective immediately. Cherian previously held finance executive roles at Nike and Magnolia. Cherian joins David's with more than 20 years of experience leading finance, strategy and ..
Sep 29 · 11:00·PR-Inside
Finance · SaaS
JERICHO, N.Y., September 29, 2026--1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) (the "Company"), a leading provider of thoughtful expressions designed to help inspire customers to give more, connect more, and build more and better relationships, today announced that it has entered into a definitive agreement to sell PersonalizationMall.com and Things Remembered to PlanetArt, LLC, a leading global technology platform for personalized, make on demand e-commerce products, for approximately $45 million in
Sep 29 · 11:00·mlpr-businesswire
Retail
Veteran Retail & Global Finance Executive Joins David's to Further Accelerate the Company's Aisle-to-Algorithm Transformation & Scale Its Technology-Enabled Growth Engine
Sep 29 · 11:00·Newswire.com
AI · Retail
CEO Kyle Hall to Present Live Online to Retail and Institutional Investors
Sep 29 · 11:00·Newswire.com