Zepp Health Corporation Reports Second Quarter of 2026 Unaudited Financial Results

MILPITAS, Calif., Sept. 1, 2026 /PRNewswire/ -- Zepp Health Corporation (NYSE: ZEPP) ("Zepp", the "Company" or "we") today announced its unaudited financial results for the second quarter of 2026.

Second Quarter of 2026 Financial and Operating Highlights:

- Revenue reached US$63.5 million, representing year-over-year growth of 6.9%.

- Gross margin was 37.4%, an increase of 1.2 percentage points from the second quarter of 2025. The improvement was primarily driven by a more favorable product mix and growing contribution from higher-value products, partially offset by higher memory and other component costs.

- Net loss attributable to Zepp was US$11.3 million, compared with US$7.7 million in the same period of 2025. The benefits of higher revenue and improved gross margin were offset by foreign-exchange headwinds and increased investment in research and development, marketing and brand building.

- As of June 30, 2026, cash and cash equivalents and restricted cash totaled US$106.3 million, compared with US$95.3 million a year earlier and US$103.2 million as of March 31, 2026, primarily reflecting improved working-capital management.

- During the quarter, the Company launched new products or expanded its portfolio across multiple major product families, including professional running, Hybrid Training, entry-level smartwatches and screen-free fitness and health wearables.

Management Comments:

Wayne Huang, Chairman and Chief Executive Officer of Zepp Health, commented, "Our growth in the second quarter was measured rather than explosive. More importantly, the quality of our growth and the structure of our product portfolio continued to improve. Even before several new products had completed their production ramp and channel deployment, and despite supply continuing to constrain certain high-demand areas, we returned to year-over-year revenue growth and improved gross margin by 1.2 percentage points.

Several product families provide clear evidence of this structural progress. At U.S. suggested retail prices, T-Rex 3 Pro and T-Rex Ultra 2 are priced at approximately US$399 and US$549, respectively. Across global activations, these higher-end models continued to represent approximately 50% of the T-Rex family, demonstrating sustained consumer acceptance of our higher-end products and price ladder.

Active series has established a US$169 price tier that did not exist in the comparable period last year. This tier increased from approximately 22% of global Active family activations in the first quarter to approximately 40% in the second quarter, and reached approximately 57% through August 25, 2026. After Bip supply recovered, global monthly activations of the Active family remained broadly comparable with those of Bip in both July and August to date. This underscores that we have established meaningful scale in the US$100 to US$200 price band.

Balance is beginning to demonstrate how our long-term investment in Hybrid Training can translate into higher-value product demand. Compared with Balance 2 at a U.S. suggested retail price of US$299, the new Balance generation extends from US$369 to US$599. Despite this meaningful increase in price, total global Balance family (Balance 2 and 3 series) activations in July increased by more than one-third from the monthly average in the second quarter, while activations of earlier-generation products remained relatively stable. The new generation is therefore adding to the family rather than simply replacing earlier products. Balance remains at an early stage of growth and has not yet reached the scale we believe the family can ultimately achieve.

These positive indicators have not yet translated into their full revenue potential. T-Rex currently represents a story of sustained higher-end mix rather than rapid unit growth. Balance has only begun to establish growth momentum. Bip and Helio Strap were constrained by supply during the second quarter, while Cheetah and Helio Strap Pro remain at earlier stages of professional credibility and market development. The financial contribution of these product families is therefore developing at different speeds.

Bip supply has now recovered. Seventeen months after its launch, demand for Bip 6 remains very strong following the restoration of supply, while Bip Max has established a meaningful higher price tier within the family. Supported by sustained consumer demand, a more complete product structure, and the continued software evolution enabled by our in-house processor platform and Zepp OS, we are announcing today that we will increase prices across the entire Bip family beginning in January 2027. Our objective is to improve pricing discipline and unit economics while preserving a compelling consumer value proposition over a longer product lifecycle.

Demand for Helio Strap also exceeded available supply during the second quarter. We expect supply to recover partially during the third quarter and to be fully restored during the fourth quarter. As availability improves, we expect Helio Strap to make a more meaningful contribution to our screen-free fitness, training and recovery ecosystem."

Leon Deng, Chief Financial Officer of Zepp Health, commented, "The year-over-year improvement in gross margin, despite higher memory and other component costs, demonstrates that the shift in our product mix is beginning to yield tangible financial benefits. At the same time, foreign-exchange headwinds and continued investment in research and development, marketing and brand building affected profitability during the second quarter.

We will remain disciplined in managing our expenses and cash, while working to expand the contribution of higher-value products, restore supply where demand remains strong, and progressively convert product-mix improvements into stronger revenue growth, healthier unit economics and operating leverage. With our cash and cash equivalents and restricted cash balance of US$106.3 million at the end of the quarter, we are well positioned to continue executing our long-term product and brand strategy."

Third Quarter of 2026 Outlook:

Based on the information currently available, management expects third-quarter 2026 net revenues to be between US$68.0 million and US$73.0 million. In the third quarter of 2025, revenue increased 78.5% year over year to US$75.8 million, creating a high comparison base.

Product mix and consumer demand continued to improve during July and August. However, normal production ramp, supply-recovery and channel-deployment cycles mean that these developments will not be fully reflected in reported revenue immediately. The Company's third-quarter guidance incorporates this timing.

Second Quarter of 2026 Financial Results

Revenues

Revenues for the second quarter of 2026 reached US$63.5 million, an increase by 6.9% from the second quarter of 2025. The year-over-year sales increase was mainly driven by new product launches in the first half of 2026, including the Active 3 Premium, Active Max, and Cheetah models, while second-quarter sales were partially impacted by the new product launch timings and supply availability of the Balance 3 series.

Gross Margin

Gross margin in the second quarter of 2026 was 37.4%, an increase from 36.2% in the same period of 2025. During the quarter, margin performance faced several headwinds, including rising memory costs and RMB appreciation. On a year-over-year basis, margin expansion was primarily driven by an improved product mix from new product launches, though this was partially offset by higher memory component prices. Gross margin moderated from 37.7% in the first quarter of 2026, as mix benefits from new products were largely offset by increased memory costs, while supply constraints further constrained margin accretion.

Research and Development Expenses

Research and development expenses in the second quarter of 2026 were US$11.5 million, compared with US$11.2 million and US$13.1 million in the second quarter of 2025 and first quarter of 2026. Excluding US$0.7 million foreign currency headwinds, research and development expenses were slightly lower than the same period of 2025. We continued to invest in a series of cutting-edge products as well as new technologies, including AI, to maintain our competitive edge against our peers. At the same time, we focused on refined research and development approaches, consistently evaluating resource efficiency to optimize return on investment and productivity.

Selling and Marketing Expenses

Selling and marketing expenses in the second quarter of 2026 were US$18.3 million, compared with US$12.1 million and US$16.6 million in the second quarter of 2025 and first quarter of 2026. The US$6.2 million year-over-year increase was primarily driven by US$2.9 million in new product launch campaigns and US$1.6 million in e-commerce platform charges, which increased in line with top-line growth. The remaining increase reflected US$0.7 million in sponsorships for new athletes, US$0.5 million related to the HYROX partnership, and US$0.5 million in physical retail and event booth activations.

General and Administrative Expenses

General and administrative expenses were US$6.2 million in the second quarter of 2026, compared with US$4.4 million and US$7.4 million in the second quarter of 2025 and first quarter of 2026. Out of the year-over-year increase of US$1.8 million, substantially all was due to foreign currency headwinds. We continued to streamline overhead, maintaining disciplined cost control while improving operating efficiency.

Operating Expenses

GAAP and adjusted operating expenses[1] for the second quarter of 2026 were US$36.0 million and US$34.8 million, compared with US$27.6 million and US$26.4 million in the second quarter of 2025, and US$37.1 million and US$35.7 million in the first quarter of 2026. Out of the year-over-year increase of US$8.

HALIFAX, NS and MUNICH, Sept. 1, 2026 /PRNewswire/ -- Maritime Launch Services Inc. (CBOE: MAXQ) (OTCQB: MAXQF) and Isar Aerospace have agreed to extend the deadline to provide additional time to complete the statement of work and certain programmatic milestones contemplated under their previously-announced facilities usage agreement for Spaceport Nova Scotia. The deadline was extended from September 1, 2026, to September 15, 2026.

The parties continue to make strong progress through an intensive and productive planning process. The extension reflects the time required to complete this work.

"We are very pleased with the progress being made between both parties," said Stephen Matier, President and CEO of Maritime Launch Services. "Our teams are working through the detailed planning required to advance this important program. The additional 14 days will allow us to complete that work and maintain the strong momentum we have established together."

The extension does not change the other key terms of the facilities usage agreement announced on July 7, 2026. The parties remain focused on advancing the development of Isar Aerospace's dedicated launch complex for its Spectrum launch vehicle at Spaceport Nova Scotia, with first orbital launches targeted for 2028.The agreement supports the development of sovereign orbital launch capability from Canada and expands Isar Aerospace's launch capability into North America.

"We are making strong progress together with Maritime Launch Services as we advance the detailed planning for our launch operations at Spaceport Nova Scotia," said Alexandre Dalloneau, Vice President Mission and Launch Operations, Isar Aerospace. "The work between our teams has been intensive and productive, and this additional time will allow us to finalize the remaining details as we move toward execution of the program."

About Maritime Launch Services 

Maritime Launch Services Inc. (CBOE: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a dual-use commercial spaceport designed to support both civil and defence-related space missions. The spaceport will provide satellite launch services to domestic and international clients across the global commercial space market, supporting a wide range of orbital inclinations from a single location.

Spaceport Nova Scotia is Canada's first commercial orbital launch complex, enabling small and medium launch vehicles to place satellites into low Earth orbit.

For more information, visit: www.maritimelaunch.com

About Isar Aerospace

The European space company Isar Aerospace offers launch services for transporting small and medium-sized satellites and satellite constellations into Earth orbit. The launch vehicles used to transport these satellites are developed, manufactured, and tested almost entirely in-house. Headquartered near Munich, Germany, Isar Aerospace was founded in 2018 and has grown to over 400 employees, working across 5 international locations. Private funding from international investors provides strong backing for the company's pioneering approach to scale and industrialize launch vehicle production through vertical integration. More information: www.isaraerospace.com

https://www.linkedin.com/company/maritimelaunch

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. The forward-looking statements included in this press release include (without limitation) statements regarding the continuing of the term of the facilities usage agreement, continuing negotiations of the parties to the facilities usage agreement and the timing of completion of such negotiations, and anticipated launch timing.

Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Although Maritime Launch has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be factors that cause results not to be as anticipated, estimated or intended. Such forward-looking statements are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Risks and uncertainties that may cause such differences include but are not limited to: risks related to Maritime Launch's strategy going forward; capital requirements; risks related to interest rates and inflationary pressures on the cost of doing business; geopolitical events and changes, availability of third-party contractors and service providers, and other risks inherent in the industry in which Maritime Launch operates.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE Maritime Launch Services Inc.

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The article explains how blue light glasses may reduce digital eye strain and outlines practical habits to support daily eye comfort.

FLORENCE, Ky., Sept. 1, 2026 /PRNewswire/ -- Do blue light glasses really make a difference for people spending long hours on digital devices? A recent HelloNation article by Andrea Hill of Arnett Vision Care provides clear insights into the myths and facts surrounding these glasses. As screen times increase across workplaces, schools, and even at home, questions about how to prevent eye strain have become more critical than ever.

The HelloNation article notes that many people assume blue light glasses are simply a trend with no proven value. Andrea Hill explains that, while they are not a cure for vision conditions, they can still provide relief for individuals who work at a computer throughout the day. Patients in Florence often report less irritation, fewer headaches, and more comfort when using them consistently.

Blue light comes from natural sources, but exposure is much higher when spending long periods in front of computer screens. The article makes clear that digital devices have created new challenges for eye care. Symptoms such as dryness, blurred vision, and fatigue are common signs of computer vision syndrome, which often develops after extended time working at a computer. Blue light glasses help alleviate these symptoms, mainly when used in conjunction with other treatment options.

Andrea Hill emphasizes that glasses alone are not enough. Following the 20-20-20 rule, where individuals take breaks every 20 minutes to look at something 20 feet away for 20 seconds, can also prevent eye strain. This minor adjustment can help reduce discomfort and protect sensitive eyes from prolonged exposure to bright light. Adding artificial tears when needed can help with dryness, while adjusting the eye level of a screen can reduce strain on the neck and shoulders.

The HelloNation feature also explains that while blue light glasses help many people, they cannot correct refractive errors or replace prescription lenses. For patients who already need vision correction, digital eye exams are recommended to ensure that underlying health problems are not overlooked. Comprehensive eye care may include prescription glasses, contact lenses, or other treatments beyond blue light protection.

Computer screens have become a part of nearly every job, from classrooms to offices to healthcare settings. The HelloNation article highlights that in Florence, KY, patients who are sensitive to light during long workdays often find that blue light glasses provide enough relief to finish the day more comfortably. For many people, this simple solution helps balance the demands of modern work with better eye health.

Andrea Hill makes it clear that no single product is a complete answer. While blue light glasses are not a cure, they can reduce the intensity of strain caused by screen time. When combined with healthy habits such as taking breaks, adjusting lighting, and using the right prescription if needed, patients have more control over their comfort while working at a computer. This combined approach helps prevent eye strain before it develops into a larger health issue.

The article emphasizes the importance of managing expectations. Blue light glasses are not designed to solve every vision concern. They cannot replace medical advice, digital eye exams, or necessary prescription lenses. Instead, they should be seen as one of several treatment options to ease discomfort from prolonged computer use. By focusing on both prevention and relief, patients can make wise choices about eye care that fit into their daily routines.

Andrea Hill's message is that myths about blue light glasses should not distract from their real benefits. They will not eliminate all eye concerns, but they are also not just another passing trend. By offering practical comfort and reducing some of the effects of computer vision syndrome, they have earned a place in today's eye care strategies.

Readers can explore more by viewing the full HelloNation article, "Myth vs. Fact: Do Blue Light Glasses Really Help?". In it, Andrea Hill of Arnett Vision Care in Florence, KY, shares practical guidance on eye care, screen times, and ways to prevent eye strain in today's digital world.

About HelloNation

HelloNation is America's Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative "edvertising" approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the U.S. Conference of Mayors and the United States First Responders Association.

SOURCE HelloNation

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WASHINGTON, Sept. 1, 2026 /PRNewswire/ --

Postal Products

Customers may purchase stamps and other philatelic products through The Postal Store at usps.com/shopstamps, by calling (844-737-7824), by mail through USA Philatelic or at Post Office locations nationwide. For officially licensed stamp products, shop the USPS Officially Licensed Collection on Amazon. Additional information on stamps, first-day-of-issues ceremonies and stamp-inspired products can be found at StampsForever.com.

Please Note: The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to more than 170 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is currently pursuing a transformation plan aimed at restoring long-term financial sustainability, improving service, and maintaining the organization as one of America's most valued and trusted brands.

The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

For USPS media resources, including broadcast quality video and audio and photo stills, visit the USPS Newsroom. Follow us on X; Instagram; Pinterest; Threads; and LinkedIn. Subscribe to the USPS YouTube Channel, like us on Facebook and enjoy our Postal Posts blog. For more information about the Postal Service, visit usps.com and facts.usps.com.

National contact: Felicia M. Lott

felicia.m.lott@usps.gov

usps.com/news

Local contact: Lecia A. Hall

lecia.a.hall@usps.gov

usps.com/news

SOURCE U.S. Postal Service

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News provided by

California Consortium of Addiction Programs and Professionals

Sep 01, 2026, 20:53 ET

SACRAMENTO, Calif., Sept. 1, 2026 /PRNewswire/ -- The California Consortium of Addiction Programs and Professionals today announced the 34th Annual Recovery Happens event, scheduled for Wednesday, September 2, 2026, at the California State Capitol Park in Sacramento. Serving as the state's primary kickoff for National Recovery Month, the gathering unites hundreds of individuals in recovery, families, and behavioral health professionals each year to celebrate resilience and advocate for increased access to treatment. For more information on attendance and community exhibits, visit Recovery Happens | California Recovering Communities.

Event schedule and activities

Attendees can expect a comprehensive program designed to foster community and fellowship:

- Complimentary Pancake Breakfast: Beginning at 8:00 AM for all attendees.

- Live Entertainment: A featured performance by COLOSO.

- Community Exhibits: Resource tables featuring treatment providers, advocates, and peer support specialists.

- Advocacy in Action: One of the state's largest gatherings dedicated to reducing stigma and increasing awareness.

The event is free and open to the public in Area 33 of the park, running from 8:00 AM to 3:00 PM.

Recovery Happens serves as a visual reminder that treatment works and recovery is a reality for thousands of Californians. By convening on the steps of the State Capitol, all attendees send a clear message to policymakers and the public: recovery is visible, thriving, and essential to healthy communities. The event aims to highlight the strength of those who have reclaimed their lives while advocating for the belief that every person deserves the opportunity to build a healthy and meaningful life.

"The 34th Annual Recovery Happens event serves as a powerful testament to the resilience of our community, bringing together thousands of individuals at the California State Capitol Park to demonstrate that recovery is not only possible but thriving," said CCAPP CEO Pete Nielsen. "We invite the public to join us on Wednesday, September 2, 2026, to celebrate these transformations, as we firmly believe that highlighting the successes of those in recovery is the most effective way to reduce stigma and foster a supportive environment for everyone."

This annual tradition continues to be a cornerstone for the advocacy community, bridging the gap between clinical support and public awareness.

SOURCE California Consortium of Addiction Programs and Professionals

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Kareem's Lebanese Kitchen Opens Its Doors with Ribbon Cutting in Gaithersburg

Third-generation Lebanese Chef Rachid Eido joins community leaders to celebrate Kareem's debut at Rio Lakefront

GAITHERSBURG, Md., Sept. 1, 2026 /PRNewswire/ -- The Mediterranean and the Chesapeake are sharing a table in Gaithersburg. Kareem's Lebanese Kitchen officially celebrated its debut today with a ribbon-cutting ceremony at Rio Lakefront, bringing generations of Lebanese culinary tradition, family recipes, and hospitality to Montgomery County.

The new restaurant welcomes Gaithersburg diners to a menu inspired by the Eido family's recipes, from handmade mezze and fresh-baked breads to Lamb Mouzat, Farrouj and Kareem's signature hummus. Kareem's also gives its Lebanese tradition a distinctly Maryland twist with an exclusive crab hummus made with Maryland crab.

The celebration brought together Chef Rachid Eido, Karim El-Hibri of East West Hospitality Group, the Kareem's team, local leaders, and members of the community to officially welcome the restaurant to Gaithersburg.

"I'm proud to bring Kareem's to Maryland and share the food, traditions and hospitality that have been part of my family for generations," said Chef Rachid Eido. "Lebanese hospitality is about more than serving a meal. It is about opening your table, sharing generously and making people feel like they belong. That is what we want every guest to experience when they come to Kareem's."

At the center of Kareem's Lebanese Kitchen is Chef Rachid, a third-generation Lebanese chef whose culinary career has included work at the Four Seasons in Washington, D.C., and throughout the Washington region before helping bring Kareem's Lebanese Kitchen to Naples, Florida, in 2018.

The restaurant's name reflects one of the values at the heart of the experience. Kareem means "generous" in Arabic, a fitting reflection of Lebanese hospitality and the tradition of welcoming people around the table.

That spirit of generosity is reflected throughout the Kareem's experience, from the way guests are welcomed to the care behind each dish. Kareem's signature hummus, for example, is prepared over three days using traditional methods, along with variations such as beet and harissa hummus.

Kareem's Lebanese Kitchen is now open at 212 Boardwalk Place at Rio Lakefront in Gaithersburg and joins Montgomery County's growing dining scene and brings a distinctive Lebanese dining experience to the area's diverse collection of international cuisines.

About Kareem's Lebanese Kitchen

Kareem's Lebanese Kitchen is a full-service restaurant celebrating the flavors, heritage and hospitality of Lebanon. Located at Rio Lakefront in Gaithersburg, Maryland, Kareem's brings generations of Lebanese cooking traditions to the DMV through handmade mezze, fresh-baked breads, signature dishes and a dining experience centered on generosity, hospitality and gathering around the table.

Media Contact

Asia Rutledge

On The Marc Media

arutledge@onthemarcmedia.com

SOURCE Kareem’s Lebanese Kitchen

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Telephone and Data Systems Announces It Is No Longer Pursuing the Acquisition of Public Shares of Array Digital Infrastructure

TDS Expects to Recommence Repurchase Program

CHICAGO, Sept. 1, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) (the "Company" or "TDS") today announced that it is no longer pursuing the acquisition of the Common Shares of Array Digital Infrastructure, Inc. (NYSE: AD) ("Array") that it does not already own and has withdrawn its previously announced proposal. Under the terms of the proposal, each Array Common Share not owned by TDS would have been exchanged for 0.86 of a TDS Common Share, subject to the assumptions set forth in the proposal. TDS will continue to hold its approximately 82% ownership interest in Array.

"While we remain confident that the combination presents substantial benefits, we no longer believe that now is the right time to complete such a transaction. Despite extensive review on both sides, we were not able to reach agreement on the form of consideration and value," said Walter Carlson, President and Chief Executive Officer of TDS. "We appreciate the time and effort that the Special Committee of the Board of Directors of Array devoted to this process. We remain confident in Array's business and long-term prospects and are committed to supporting Array's continued success as a leading owner and operator of wireless communications infrastructure. Similarly, we remain confident in the long-term prospects of TDS Telecom as we execute our strategy to expand our marketable fiber service footprint and deliver value for customers and our shareholders."

TDS continues to support Array's previously disclosed intention to opportunistically monetize its remaining wireless spectrum assets. TDS and Array intend in the near term to increase their efforts to pursue opportunities to monetize such assets.

With the withdrawal of the proposal to Array, TDS expects to recommence repurchases of TDS Common Shares under its previously announced share repurchase programs, including the additional $500 million share repurchase authorization announced in November 2025. As of June 30, 2026, approximately $523.9 million remained available under TDS's share repurchase programs. The timing, manner and amount of any repurchases will be determined by TDS in its discretion and will depend on market conditions, applicable legal requirements and other factors.

About TDS

Founded in 1969, Telephone and Data Systems provides broadband services and wireless infrastructure through its businesses, TDS Telecom and Array Digital Infrastructure, Inc.

About Array

Array is a leading owner and operator of shared wireless communications infrastructure in the United States. With over 4,400 cell towers in locations from coast to coast, Array enables the deployment of 5G and other wireless technologies throughout the country. Headquartered in Chicago, Array is approximately 82% owned by TDS.

For more information about TDS and its subsidiaries, visit:

TDS: tdsinc.com

Array: arrayinc.com

TDS Telecom: tdstelecom.com

FORWARD LOOKING STATEMENTS

This communication contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect TDS' current estimates, expectations and projections about TDS' and Array's future results, performance, prospects and opportunities. Such forward-looking statements may include, among other things, statements regarding TDS' and Array's efforts to monetize Array's remaining spectrum assets, the timing and results of such efforts, TDS' plans to repurchase TDS Common Shares and the timing and amount of any such repurchases, and any other statements regarding TDS' or Array's future operations, anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competition and other expectations and estimates for future periods.

Forward-looking statements include statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "may," "should," "will," "would," "project," "forecast" and similar expressions. These forward-looking statements are based upon information currently available to TDS and are subject to a number of risks, uncertainties and other factors that could cause TDS' and Array's actual results, performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The TDS business is subject to the risks and uncertainties described in TDS' Annual Report on Form 10-K on file with the Securities and Exchange Commission and from time to time in other filed reports, including TDS' Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.

The forward-looking statements included in this communication are made only as of the date of this communication, and TDS undertakes no obligation to update any forward-looking information contained in this communication, or with respect to the announcement described herein, to reflect subsequent events or circumstances.

SOURCE Telephone and Data Systems, Inc.

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In the news release, Aramco Digital and Avathon Announce Strategic Partnership to Accelerate Industrial AI Across Saudi Arabia and the World, issued 01-Sep-2026 by Avathon over PR Newswire, we are advised by the company that changes have been made from a previous version distributed earlier. The complete, corrected release follows, with additional details at the end:

Aramco Digital and Avathon Announce Strategic Partnership to Accelerate the Adoption of Industrial AI

Partnership combines Aramco Digital's industrial expertise with Avathon's Physical AI and Autonomy Platform to build sovereign Industrial AI capabilities and bring advanced industrial intelligence to customers globally

DHAHRAN, Saudi Arabia and PLEASANTON, Calif., Sept. 1, 2026 /PRNewswire/ -- Aramco Digital, a Saudi Industrial AI company, and Avathon, the leader in Autonomy for Operations, today announced a strategic partnership to accelerate Industrial AI adoption across energy, mining, aerospace and transportation sectors in the Kingdom of Saudi Arabia and global industrial markets.

The partnership combines Aramco Digital's deep industrial expertise and technology capabilities with Avathon's proven Physical AI and Autonomy Platform to transform how complex industrial operations are understood, optimized and executed. By bringing together decades of Aramco operating knowledge with Avathon's experience applying AI in complex industrial environments, the companies aim to help organizations move beyond fragmented data and manual decision-making toward increasingly intelligent and industrial operations.

Unlocking Industrial Value at Scale

For Aramco Digital, the partnership accelerates the development and commercialization of Industrial AI solutions that enable increasingly intelligent and autonomous operations. By combining Aramco Digital's industrial expertise with Avathon's capabilities in agentic AI, computational digital twins, manufacturing, energy optimization, and safe autonomous operations, the partnership aims to enable faster deployment of proven solutions across the Kingdom and global industrial markets.

The companies aim to also apply AI to areas such as advanced materials, increasingly complex planning, logistics and supply chain operations, helping organizations make better decisions across interconnected industrial systems rather than optimizing individual processes in isolation.

"Aramco Digital is uniquely positioned to translate Aramco's industrial scale and expertise into technology that can transform industry globally," said Dr. Ashraf AlTahini, CEO of Aramco Digital. "Our partnership with Avathon combines that foundation with proven Industrial AI capabilities to address some of the most important challenges facing industrial organizations. Together, we aim to create significant value and accelerate the growth of our Industrial AI business.

Bringing Industrial AI to the Global Market

Aramco Digital and Avathon will bring their distinctive capabilities to customers and partners across energy, aerospace and defense, mining, manufacturing, maritime, logistics and other critical industries in Saudi Arabia and international markets.

"Industrial AI is moving beyond systems that simply analyze what happened or recommend what to do next. The opportunity is to create systems that understand complex operations and increasingly act on their own," said Pervinder Johar, CEO of Avathon. "Aramco Digital brings an extraordinary combination of industrial expertise and scale, while Avathon brings a proven platform for turning industrial data and knowledge into autonomous action. Together, we can help organizations unlock a new level of operational performance."

About Aramco Digital

Aramco Digital is a Saudi-based Industrial AI company focused on accelerating industrial digital transformation through advanced connectivity, digital platforms, cybersecurity, and AI-powered solutions. The company provides critical industries with secure, reliable, and scalable digital capabilities that enhance operational efficiency, resilience, and long-term value creation.

Through its integrated portfolio spanning Digital Connectivity, Digital Industrial Solutions, Digital Platforms, and Digital Business Services, Aramco Digital enables organizations to accelerate their transformation journeys and unlock the full potential of Industrial AI.

Headquartered in Saudi Arabia, Aramco Digital supports the Kingdom's digital economy ambitions and contributes to Saudi Vision 2030 by developing future-ready digital ecosystems, building national capabilities, and advancing the adoption of transformative technologies across industries.

For more information, visit www.aramcodigital.com.

About Avathon

Avathon is the leader in Autonomy for Operations. The Avathon Autonomy Platform powers a workforce of autonomous agents, transforming how businesses plan, orchestrate and manage operations across aerospace, defense, manufacturing, energy, mining, supply chain and asset management. For more information, visit www.avathon.com

Correction: Updates have been made from an earlier version of this release.

SOURCE Avathon

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First mission of Sceye's Service Test Program travels more than 15,000 km from New Mexico to Japan in the stratosphere, backhauls into SoftBank Corp.'s core network, verifies Direct-to-Device and edge computing capabilities and HAPS-based communications with drones.

TOKYO, Sept. 1, 2026 /PRNewswire/ -- Sceye, a U.S. aerospace and material science company specializing in High-Altitude Platform Systems (HAPS) for telecommunications and real-time environmental monitoring, today announced the successful trans-Pacific flight of its Service Test 1 (ST1) mission from New Mexico to Japan. Traveling more than 15,000 km through the stratosphere in 13 days, upon arrival over Japan, ST1 demonstrated mobile broadband connectivity to unmodified devices through SoftBank Corp.'s core network and HAPS-based edge computing and communication with drones to support the development of a 3D communications network.

Conducted in partnership with SoftBank Corp. (TOKYO:9434, "SoftBank"), a leading operator of telecommunications and IT businesses in Japan and globally, ST1 marks Sceye's first flight to Asia and a groundbreaking milestone towards the commercial deployment of HAPS as stratospheric infrastructure.

"This flight marks a defining moment for Sceye and for the commercial potential of HAPS," said Mikkel Vestergaard Frandsen, Founder and CEO of Sceye. "Flying from the US to Japan demonstrates the performance required to make the stratosphere a viable layer of infrastructure and realize the future of AI, edge computing, and 6G. Together with SoftBank, we are moving beyond proving the technology to demonstrating how Sceye can complement and extend existing networks and deliver persistent connectivity at scale."

The stratosphere offers the optimal vantage point: It is close enough to Earth for high-capacity connectivity and observation, yet the altitude is high enough for wide-area reach. Importantly, the stratosphere offers space-like conditions without the cost of being in space and the disadvantages of being in orbit. Sceye's HAPS maintain altitude and their area of operation in the stratosphere through consecutive day and night cycles, operating like geostationary satellites, only 1,800 times closer to Earth and at a fraction of the cost.

In 2025, SoftBank Corp. invested in Sceye's HAPS-based stratospheric infrastructure as a scalable solution to complement terrestrial towers and satellite constellations. The strategic partnership advances a shared vision for HAPS and Non-Terrestrial Networks (NTN) as transformative infrastructure that can expand connectivity, support communications during disasters, and enable future applications across AI, IoT, aerial communications, edge computing, and 6G.

ST1 carried SceyeCELL, a first-of-its-kind "cell tower in the sky" designed to deliver wide-area mobile broadband directly to standard devices from the stratosphere. When deployed at full scale, one Sceye HAPS is designed to cover the equivalent area of approximately 500 terrestrial towers. During the ST1 mission, Sceye and SoftBank demonstrated mobile broadband from the stratosphere, including text messaging, voice calls, internet access, and video streaming. Testing also included emergency calls, using an emergency alert messaging system designed for large-scale disasters, and communications with drones.

Sceye's ST1 mission launched on August 9, 2026 at 7:00 AM MDT from New Mexico. Additional notable mission attributes include:

- Traveled more than 15,000 km across the Pacific to Japan in 13 days

- Operated within Japanese managed air space for over 7 days

- Remained continuously within its area of operation for an extended period, achieving a station-seeking radius as low as 5 km

- Operated at approximately 16.5 km in altitude while completing telecommunications, drone, and emergency communications

- Confirmed communications performance equivalent to that of terrestrial networks while reducing radio interference with ground-based base stations

- Through a server installed on the HAPS, Sceye and SoftBank conducted data processing directly on the platform, demonstrating average round-trip processing response time of 68 milliseconds, reducing communications latency by over 40% compared with internet-based cloud processing. This marks the world's first successful test in which a mobile core network and a web server for processing were installed on a HAPS, enabling response processing to be performed entirely onboard the HAPS and the results to be relayed back to smartphones.

ST1 remains in flight, returning towards the United States over the Pacific Ocean at the time of this announcement.

"SoftBank aims to build next-generation communications infrastructure that seamlessly connects the ground, the sky, and space. The fact that Sceye's HAPS reached Japan from the United States and successfully provided Japan's first trial services from the stratosphere in Japan's airspace marks an important step toward the commercialization of HAPS, which is at the core of this vision," said Junichi Miyakawa, President & CEO of SoftBank Corp. "By combining the HAPS flight and operational technologies that Sceye has developed with SoftBank's communications technologies, we have gained confidence to realize a three-dimensional communications network utilizing HAPS. Going forward, in collaboration with Sceye, we will continue to integrate a wide range of technologies, including communications and AI, to develop HAPS into a new form of social infrastructure."

This flight builds on Sceye's Endurance Program, completed earlier this year, when its SE2 HAPS traveled more than 10,000 km in the stratosphere from New Mexico to the coast of Brazil where it stayed over its area of operation for several days to test long-duration performance in preparation for the Service Test Program, the first of which flew to Japan.

About Sceye

Founded in 2014, Sceye (pronounced "sky") is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention.

Contact: press@sceye.com

SOURCE Sceye

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First mission of Sceye's Service Test Program travels more than 15,000 km from New Mexico to Japan in the stratosphere, backhauls into SoftBank Corp.'s core network, verifies Direct-to-Device and edge computing capabilities and HAPS-based communications with drones.

TOKYO, Sept. 2, 2026 /PRNewswire/ -- Sceye, a U.S. aerospace and material science company specializing in High-Altitude Platform Systems (HAPS) for telecommunications and real-time environmental monitoring, today announced the successful trans-Pacific flight of its Service Test 1 (ST1) mission from New Mexico to Japan. Traveling more than 15,000 km through the stratosphere in 13 days, upon arrival over Japan, ST1 demonstrated mobile broadband connectivity to unmodified devices through SoftBank Corp.'s core network and HAPS-based edge computing and communication with drones to support the development of a 3D communications network.

Conducted in partnership with SoftBank Corp. (TOKYO:9434, "SoftBank"), a leading operator of telecommunications and IT businesses in Japan and globally, ST1 marks Sceye's first flight to Asia and a groundbreaking milestone towards the commercial deployment of HAPS as stratospheric infrastructure.

"This flight marks a defining moment for Sceye and for the commercial potential of HAPS," said Mikkel Vestergaard Frandsen, Founder and CEO of Sceye. "Flying from the US to Japan demonstrates the performance required to make the stratosphere a viable layer of infrastructure and realize the future of AI, edge computing, and 6G. Together with SoftBank, we are moving beyond proving the technology to demonstrating how Sceye can complement and extend existing networks and deliver persistent connectivity at scale."

The stratosphere offers the optimal vantage point: It is close enough to Earth for high-capacity connectivity and observation, yet the altitude is high enough for wide-area reach. Importantly, the stratosphere offers space-like conditions without the cost of being in space and the disadvantages of being in orbit. Sceye's HAPS maintain altitude and their area of operation in the stratosphere through consecutive day and night cycles, operating like geostationary satellites, only 1,800 times closer to Earth and at a fraction of the cost.

In 2025, SoftBank Corp. invested in Sceye's HAPS-based stratospheric infrastructure as a scalable solution to complement terrestrial towers and satellite constellations. The strategic partnership advances a shared vision for HAPS and Non-Terrestrial Networks (NTN) as transformative infrastructure that can expand connectivity, support communications during disasters, and enable future applications across AI, IoT, aerial communications, edge computing, and 6G.

ST1 carried SceyeCELL, a first-of-its-kind "cell tower in the sky" designed to deliver wide-area mobile broadband directly to standard devices from the stratosphere. When deployed at full scale, one Sceye HAPS is designed to cover the equivalent area of approximately 500 terrestrial towers. During the ST1 mission, Sceye and SoftBank demonstrated mobile broadband from the stratosphere, including text messaging, voice calls, internet access, and video streaming. Testing also included emergency calls, using an emergency alert messaging system designed for large-scale disasters, and communications with drones.

Sceye's ST1 mission launched on August 9, 2026 at 7:00 AM MDT from New Mexico. Additional notable mission attributes include:

- Traveled more than 15,000 km across the Pacific to Japan in 13 days

- Operated within Japanese managed air space for over 7 days

- Remained continuously within its area of operation for an extended period, achieving a station-seeking radius as low as 5 km

- Operated at approximately 16.5 km in altitude while completing telecommunications, drone, and emergency communications

- Confirmed communications performance equivalent to that of terrestrial networks while reducing radio interference with ground-based base stations

- Through a server installed on the HAPS, Sceye and SoftBank conducted data processing directly on the platform, demonstrating average round-trip processing response time of 68 milliseconds, reducing communications latency by over 40% compared with internet-based cloud processing. This marks the world's first successful test in which a mobile core network and a web server for processing were installed on a HAPS, enabling response processing to be performed entirely onboard the HAPS and the results to be relayed back to smartphones.

ST1 remains in flight, returning towards the United States over the Pacific Ocean at the time of this announcement.

"SoftBank aims to build next-generation communications infrastructure that seamlessly connects the ground, the sky, and space. The fact that Sceye's HAPS reached Japan from the United States and successfully provided Japan's first trial services from the stratosphere in Japan's airspace marks an important step toward the commercialization of HAPS, which is at the core of this vision," said Junichi Miyakawa, President & CEO of SoftBank Corp. "By combining the HAPS flight and operational technologies that Sceye has developed with SoftBank's communications technologies, we have gained confidence to realize a three-dimensional communications network utilizing HAPS. Going forward, in collaboration with Sceye, we will continue to integrate a wide range of technologies, including communications and AI, to develop HAPS into a new form of social infrastructure."

This flight builds on Sceye's Endurance Program, completed earlier this year, when its SE2 HAPS traveled more than 10,000 km in the stratosphere from New Mexico to the coast of Brazil where it stayed over its area of operation for several days to test long-duration performance in preparation for the Service Test Program, the first of which flew to Japan.

About Sceye

Founded in 2014, Sceye (pronounced "sky") is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention.

Contact: press@sceye.com

Share this article