Category: Uncategorized

Initial 30 MW delivery is expected to begin this year

DANBURY, Conn. and BOCA RATON, Fla., June 24, 2026 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq: FCEL), a clean energy technology company that manufactures utility scale power solutions, and Fit Energy USA LP (“Fit Energy”), a developer of reliable power solutions to support advanced computing infrastructure and artificial intelligence, today announced a strategic agreement for up to 380 megawatts (MW) of clean, baseload on-site power for data centers using FuelCell Energy’s utility-scale fuel cell technology. The agreement includes an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year.

“We are pleased to partner with Fit Energy on its development plans. We’ve engaged with a diverse range of prospective customers across the digital infrastructure landscape, and Fit Energy has distinguished itself through its commitment to ‘energy as a service’ power solutions that support both communities and the environment,” said Jason Few, President and CEO of FuelCell Energy. He added, “This agreement further validates our decision to scale our operations to 500 MW, preserving our ability to serve a broad and growing pipeline of customers.”

Joel Leonoff, CEO of Fit Energy, added, “Today’s announcement marks a critical step in building the power foundation required for the next generation of AI infrastructure. FuelCell Energy’s technology aligns with our growth objectives and our goal of delivering behind-the-meter power solutions to data centers at gigawatt scale.”

Under the arrangement, Fit Energy will be eligible to receive warrants tied to future deployment milestones of up to 380 MW. The warrant structure is designed to align long-term value creation with successful project execution and customer deployment.

Canaccord Genuity served as a financial advisor to FuelCell Energy Inc. on certain aspects of this transaction.

About Fit Energy

Fit Energy is an energy infrastructure company focused on long-term ownership of generation assets formed to deliver near-term, scaled energy solutions for the digital economy. The platform is designed to serve large power requirements through a hybrid model supporting behind-the-meter, microgrid and grid-connected structures ranging from fuel cell technology to natural gas turbines. Learn more about Fit Energy at www.Fitenergygroup.com.

About FuelCell Energy

FuelCell Energy, Inc. (Nasdaq: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.fuelcellenergy.com.

Cautionary Language

This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or our future financial performance that involve certain contingencies and uncertainties. The forward-looking statements include, without limitation, statements with respect to the Company’s anticipated financial results and statements regarding the Company’s plans and expectations regarding the continuing development, commercialization and financing of its current and future fuel cell technologies, the Company’s business plans and strategies, the Company’s plan to reduce operating costs, the capabilities of the Company’s products, the Company’s potential sales pipeline, opportunities, and partners, and the markets in which the Company expects to operate. Projected and estimated numbers contained herein are not forecasts and may not reflect actual results. These forward-looking statements are not guarantees of future performance, and all forward-looking statements are subject to risks and uncertainties, known and unknown, that could cause actual results and future events to differ materially from those projected. Factors that could cause such a difference include, without limitation: general risks associated with product development and manufacturing; general economic conditions; changes in interest rates, which may impact project financing; supply chain disruptions; changes in the utility regulatory environment; changes in the utility industry and the markets for distributed generation, distributed hydrogen, and fuel cell power plants configured for carbon capture or carbon separation; potential volatility of commodity prices that may adversely affect our projects; availability of government subsidies and economic incentives for alternative energy technologies; our ability to remain in compliance with U.S. federal and state and foreign government laws and regulations; our ability to maintain compliance with the listing rules of The Nasdaq Stock Market; rapid technological change; competition; the risk that our bid awards will not convert to contracts or that our contracts will not convert to revenue; market acceptance of our products; changes in accounting policies or practices adopted voluntarily or as required by accounting principles generally accepted in the United States; factors affecting our liquidity position and financial condition; government appropriations; the ability of the government and third parties to terminate their development contracts at any time; the ability of the government to exercise “march-in” rights with respect to certain of our patents; our ability to successfully market and sell our products internationally; delays in our timeline for bringing commercially viable products to market; our ability to develop additional commercially viable products in the future; our ability to implement our strategy; our ability to reduce our levelized cost of energy and deliver on our cost reduction strategy generally; our ability to protect our intellectual property; litigation and other proceedings; the risk that commercialization of our new products will not occur when anticipated or, if it does, that we will not have adequate capacity to satisfy demand; our need for and the availability of additional financing; our ability to generate positive cash flow from operations; our ability to service our long-term debt; our ability to increase the output and longevity of our platforms and to meet the performance requirements of our contracts; our ability to expand our customer base and maintain relationships with our largest customers and strategic business allies; and our ability to reduce operating costs, as well as other risks set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement contained herein to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.

FuelCell Energy Contacts
Media Relations: kblomquist@fce.com
Investor Relations: ir@fce.com

Fit Energy Media Contact
Zenergy Communications
media@zenergycom.com

Collaborative innovation from Garnica and Genesis Products is redefining expectations for TFL-on-plywood performance

Raleigh, NC. – June 23, 2026 – Garnica, a leading manufacturer of premium sustainable plywood, and Genesis Products, a prominent supplier of decorative surface solutions, will showcase EverPly+ at IWF 2026, taking place in Atlanta, Georgia from August 25–28, 2026.

Developed through a collaboration between the two companies, EverPly+ is an advanced thermally fused laminate (TFL) on plywood solution engineered to deliver superior consistency, durability, and fabrication performance for cabinetry, closets, furniture, and interior applications.

First introduced earlier this year, EverPly+ combines Genesis Products’ expertise in decorative surface systems with Garnica’s sustainably-sourced, lightweight European poplar plywood core. The result is a decorative panel designed to help address longstanding challenges associated with traditional composite substrates, including thickness variability, weight, machining performance, and long-term durability.

While TFL is most commonly applied to particleboard or MDF, EverPly+ offers manufacturers a premium plywood alternative engineered specifically for decorative panel applications. Key performance benefits include:

• Precise thickness accuracy for consistent fabrication and assembly
• Lightweight performance, approximately 15% lighter than particleboard
• Improved machinability and extended tool life due to a less abrasive core
• Enhanced strength and moisture resistance compared to traditional composite substrates

The product has generated particular interest among frameless cabinet and closet manufacturers, where panel quality and fastening performance play a critical role in long-term durability. With frameless systems, hinges and hardware are attached directly to cabinet sidewalls, placing greater demands on the panel core. EverPly+’s multi-layer plywood construction provides exceptional screw-holding strength while maintaining the flatness and stability required for precise door alignment and modern, minimalist aesthetics.

“As manufacturers continue to look for ways to improve efficiency without sacrificing quality, we are seeing growing interest in panel solutions that deliver consistency throughout the fabrication process,” said Álvaro González, CEO of Garnica. “EverPly+ combines the precision and performance manufacturers expect with the sustainability advantages of responsibly sourced European poplar plywood.”

“EverPly+ reflects what can happen when decorative surface expertise and engineered plywood technology are developed in tandem,” said Jon Wenger, CEO of Genesis Products. “The response from cabinet, closet and furniture manufacturers has reinforced the demand for a solution that improves fabrication while expanding design possibilities.”

Visitors to IWF 2026 can experience EverPly+ firsthand at the Genesis Products booth (C1862) and learn how the solution is helping manufacturers improve fabrication efficiency, reduce waste, and achieve greater consistency across decorative panel applications

About Garnica

Garnica is a global leader in the production of innovative and high-quality plywood, designed to meet the needs of the most demanding customers. Rooted in a strong respect for nature, people, and the community, the company works with wood from sustainable and renewable sources to preserve ecological balance. With over 1,100 employees, Garnica operates a total of seven production centers in Spain and France, strategically located to the main poplar plantation basins in Europe. Additionally, it has three offices including its headquarters in Logroño (La Rioja), support offices in Madrid, Spain and Raleigh in the United States. To strengthen its international presence, Garnica opened a warehouse in Savannah, US in 2024.

About Genesis Products

Genesis Products is a leading supplier of laminated panels, wood components and custom molded solutions serving OEMs across a growing spectrum of industries including RV, Manufactured Housing, Building Materials, Healthcare, Office & Education, Cabinet & Storage, Furniture, Transportation, and Heavy Truck.

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Media Contact:

Zenergy Communications

media@zenergycom.com

If the last few years have taught business owners anything, it’s this: resilience is no longer optional, it’s a survival skill. Somewhere between supply chain chaos, tariff whiplash, labor shortages, and everyone suddenly becoming economists overnight, business owners have developed an entirely new level of endurance… and possibly a slightly unhealthy relationship with coffee. I certainly count myself in that group.

Like many people, I’ve navigated difficult seasons both personally and professionally including financial pressure, career setbacks, family challenges, uncertainty, loss, and major life pivots. None of those experiences were easy at the time, but each one sharpened my instincts that have become invaluable in business. They taught me how to adapt quickly, problem-solve under pressure, stay calm during in times of big unknowns, and keep moving forward even when the roadmap suddenly changes. Honestly, that mindset may be one of my greatest business assets.

What feels different now is that the conversation is slowly shifting from crisis management into something more strategic: opportunity management. That shift matters. There were moments throughout my career where the ‘right next step’ looked obvious on paper and nearly impossible in reality. Experience taught me that leadership is not just about making calm, practical decisions. It’s also about helping teams build endurance, perspective, and creativity so the business can continue to progress, even when conditions are far from ideal.

That’s where I believe this year is separating companies into two groups: those waiting for perfect clarity and the ones willing to move, test, adjust and then adapt— even imperfectly. The latter, I believe, will begin building momentum, turning small advantages into meaningful progress.

Practically speaking, that may look like:

·        Scenario-planning around tariffs and economic shifts instead of hoping conditions stabilize

·        Using AI to create operational efficiencies and reduce costs, not simply to appear ‘modern’

·        Tightening cash flow visibility while lending and credit remain cautious

·        Treating marketing and digital presence as essential business infrastructure, because most clients meet your business online long before they ever make a phone call.

The challenges ahead are still very real. But optimism in 2026 doesn’t mean pretending those challenges don’t exist. It means having the confidence, adaptability, and right people around you to move forward anyway. Preferably with a strong team, a clear message, and perhaps…just one more cup of coffee.

Michelle Steele

For many years, investor relations (IR) and public relations (PR) operated as distinct functions within organizations.

IR focused on shareholders, analysts, and the financial community while PR was responsible for media, customers, employees, and the broader public. Each discipline had its own objectives, messaging, and metrics.

That separation is increasingly difficult to maintain, and organizations can no longer afford to communicate in silos.

Today, earnings releases are covered by the media within minutes, investors follow company headlines in real time, employees monitor executive commentary online, and stakeholders across audiences are often reacting to the same information at the same time. What a company says to shareholders can quickly influence how it is perceived by customers, employees, regulators, and the public. As a result, IR and PR are no longer separate communication tracks. They are increasingly interconnected parts of a company’s overall reputation and value story.

Patrick Dempsey and Ornella Muti headline ICFF’s 15th Anniversary edition, as the Lavazza IncluCity Festival brings a month of open-air cinema, exhibitions and special events back to Toronto.

TORONTO, June 2, 2026 — The Lavazza IncluCity Festival, presented by Rogers, returns to the Distillery Historic District from June 25 to July 19, 2026, for a milestone 15^th Anniversary edition headlined by two internationally celebrated screen icons: Patrick Dempsey and Ornella Muti.

Patrick Dempsey will be Guest of Honour at the prestigious ICFF Closing Gala on July 17. An award-winning actor and Golden Globe and Emmy nominee, Dempsey is one of the most recognized and admired talents in international entertainment. He currently stars in the new hit series Memory of a Killer, following a career that has captivated audiences worldwide through his iconic role in Grey’s Anatomy and celebrated performances in Can’t Buy Me Love, Enchanted, Ferrari and Dexter: Original Sin. His presence at ICFF marks one of the major highlights of this anniversary edition.

Italian cinema legend Ornella Muti will join closing festivities at the Distillery on July 19, appearing in a dedicated conversation and attending the Canadian premiere of Brunello: The Gracious Visionary, directed by Academy Award winner Giuseppe Tornatore.

The cobblestone streets of Toronto’s Distillery District will be transformed into an outdoor cultural village, where international cinema, live entertainment, visual arts and culinary experiences come together on ICFF’s signature open-air couches.

Launching as part of the festival is AiRTIFICIAL VISIONS, presented by Rogers, an immersive exhibition at Illuminarium exploring the intersection of human creativity and artificial intelligence, in partnership with TMU. Fashion Frames, presented by the Istituto Italiano di Cultura, will complement the visual arts program with iconic costumes from Italy’s most prestigious designers and the golden age of Italian cinema.

Film premieres from more than 20 countries will be presented across the festival stages, including a Focus on China and an appearance by Opening Night guest Yaxi Liu, lead actress of Gabriele Mainetti’s The Forbidden City.

Italian cinema also takes centre stage through Italian Screens, promoted by Italy’s Ministry of Foreign Affairs and International Cooperation and DGCA-MiC, coordinated by Cinecittà and conceived by Roberto Stabile, Head of Cinecittà’s International Department.

ICFF will celebrate the summer of soccer with watch parties at Spirit Theatre and a dedicated Soccer Film Series.

AI-powered platform replaces manual cash handling and outdated logistics with real-time visibility and faster access to funds for retailers

Toronto, ON – May 11, 2026 – KORT Payments (KORT), a leading omnichannel payments provider, and Paythings, an AI-powered cash operations platform, today announced a strategic partnership to bring Paythings’ smart safe technology and cloud platform to retailers across Canada, introducing a more efficient way to handle and reconcile cash.

Cash remains widely used in retail, but handling it still slows operations. Deposits are prepared manually, and access to funds can lag.

Paythings captures cash at deposit and makes it visible immediately. The Smart Safe secures funds in-store, while the cloud platform records deposits in real time. Funds are available as soon as the next business day.

“Retailers have been forced to work around outdated cash handling processes for too long,” said Clifford Richstone, Chief Revenue Officer of Paythings. “We’ve built a system that changes how teams operate. Cash handling becomes faster and more reliable, without relying on manual steps.”

Through its collaboration with KORT, Paythings is extending this capability to retailers across Canada that are looking for a more efficient way to handle cash across one or multiple locations.

“There’s been very little innovation in how businesses handle physical cash,” said James Good, Chief Revenue Officer at KORT. “What Paythings has built gives operators immediate visibility into their cash and a simpler way to manage it across locations. That has a direct impact on how efficiently stores run day to day.”

In practice, store teams spend less time preparing deposits and managers have a clear view of cash positions without waiting days for updates.

Retailers using Paythings typically see:

• 85–90% reduction in cash float with next-day deposit
• 25–60% reduction in shrinkage after replacing manual counting
• $500+ per month per location in savings from reduced deposit preparation and bank runs

The platform maintains a complete audit trail for every deposit and surfaces unusual activity across locations.

Paythings has processed billions in cash across multi-location retailers and is now bringing that experience to the Canadian market.

About KORT Payments

KORT Payments (KORT) is a specialized omnichannel payments provider. Its core purpose is to enable businesses to connect and transact seamlessly through industry-leading capabilities in compliance, risk management, and payment processing.

KORT is powered by its innovative full-stack, enterprise-grade platform and led by a seasoned management team. For more than 25 years, this team has been leading the charge in global e-commerce and payment processing.

KORT is a customer-focused business dedicated to enhancing partner and customer satisfaction and building strong relationships.

For more information about KORT Payments, please visit www.kortpayments.com.

About Paythings

Paythings is a technology-first cash management platform that redefines how businesses handle physical currency. By combining secure smart safe hardware with AI-powered software, Paythings provides enterprise-level visibility, automated reconciliation, and predictive forecasting.

The platform’s cloud-connected ecosystem eliminates manual handling risks and optimizes working capital, turning traditional cash operations into a streamlined, data-driven asset. Paythings is dedicated to building the next generation of cash automation infrastructure, allowing partners and clients to manage physical and digital financial positions with total confidence.

For more information about Paythings, please visit www.paythings.com.

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Media Contact:

Zenergy Communications

media@zenergycom.com