Alaska Renters Can Now Get Fast, Affordable Coverage Starting at $5 Per Month

NEW YORK, Sept. 29, 2026 /PRNewswire/ -- Lemonade (NYSE: LMND), the tech-first insurance company, today announced the availability of its renters insurance in Alaska. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.

Lemonade Renters provides flexible coverage options via an app where renters can get quotes, purchase policies, update existing policies, and file claims, all in one place. About 40% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss. "We built Lemonade to cut through the complexity that makes traditional insurance painful. We offer simple quotes, instant claims, and rates that don't break the bank. Now we can deliver that to Alaska renters, too," said Dan Timist, Head of Renters Insurance at Lemonade.

Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. Based on company and industry data, Lemonade's renters insurance rates are approximately 30% lower than the national average.

Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing.

Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

For a full list of Renters state availability, visit Lemonade.com.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

SOURCE Lemonade, Inc.

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Collaboration combines HEVO's Rezonant™ wireless charging technology with Flying Pig GSE's decades of aviation experience to advance charging infrastructure for electric and autonomous airport operations

BROOKLYN, N.Y. and SPOKANE, Wash., Sept. 29, 2026 /PRNewswire/ -- Flying Pig GSE LLC, an aviation Ground Support Equipment company focused on electrification and advanced airport technologies, and HEVO Inc., a New York-based leading developer and Tier 1 supplier of patented Rezonant™ wireless charging hardware and the Journey™ software platform, today announced a strategic collaboration to advance wireless charging applications for electric and autonomous Ground Support Equipment (GSE).

The companies will combine HEVO's wireless charging hardware, power electronics, controls and software with Flying Pig GSE's aviation operating experience, customer relationships and market development capabilities to identify and develop applications where automated charging can improve fleet utilization, simplify charging operations and support increasingly automated airport environments.

Airports present a compelling use case for wireless charging. Ground support vehicles frequently operate within defined areas and return repeatedly to gates, staging areas, loading zones and other predictable locations. Strategically placed wireless charging infrastructure could allow electric GSE to receive energy during these natural dwell periods without requiring an operator to connect and disconnect a charging cable.

This approach could also influence future vehicle design. More frequent charging opportunities may allow certain GSE applications to operate with smaller onboard batteries depending on vehicle duty cycles and operational requirements. Reducing battery capacity can potentially reduce vehicle weight and cost while improving energy efficiency and asset utilization.

For autonomous GSE, automated charging becomes even more important. A vehicle capable of operating without a driver still requires an automated way to replenish its energy. Integrating wireless charging with vehicle controls and intelligent energy management creates a pathway for equipment to charge as part of its normal operating cycle with minimal human intervention.

"Airport electrification cannot stop at replacing the engine. We also need to rethink how energy gets into the vehicle," said Jeremy McCool, Founder and CEO of HEVO. "Ground Support Equipment is an ideal environment for automated wireless charging because these vehicles operate continuously within predictable workflows and locations. By combining HEVO's Rezonant™ hardware and Journey™ platform with Flying Pig's deep understanding of airport operations, we see an opportunity to make charging part of the operating environment itself. That becomes even more important as GSE moves toward autonomy because a truly autonomous vehicle should not depend on someone being there to plug it in."

"For more than forty years I have watched Ground Support Equipment evolve, but the next transformation is going to be much bigger than simply replacing a diesel engine with an electric motor," said Neil Bennett, Managing Director of Flying Pig GSE LLC. "We have to rethink the infrastructure underneath the equipment as well. If equipment can receive energy throughout the day during its normal operating cycle, manufacturers and operators may be able to optimize battery size around the actual duty cycle rather than simply installing enough battery to get through an entire shift. That can potentially mean lower weight, lower vehicle cost and a more economical pathway toward electric and autonomous GSE."

The companies intend to pursue customer engagements, application development, system integration, demonstrations and pilot opportunities across the Ground Support Equipment market. The collaboration will initially emphasize opportunities where HEVO's automated wireless charging technology can provide measurable operational or economic benefits to airports, fleet operators and GSE manufacturers.

From Plug-In Charging to Invisible Charging

The long-term opportunity is to make charging something an operator or autonomous vehicle does not need to think about.

Rather than removing equipment from service specifically to charge, electric GSE could receive energy while already stopped during normal operations. Rather than relying on drivers to connect charging cables, the charging process could occur automatically. As autonomous airport vehicles emerge, wireless charging could provide an energy infrastructure capable of operating alongside them without adding another manual process.

HEVO and Flying Pig GSE believe this transition from plug-in charging toward increasingly automated and ultimately "invisible" charging could become an important component of the next generation of electric airport infrastructure.

Ground Support Equipment is changing. The infrastructure supporting it must evolve with it.

About Flying Pig GSE LLC

Flying Pig GSE LLC brings more than four decades of aviation Ground Support Equipment experience together with a growing focus on electric GSE, charging infrastructure, robotics, autonomous mobility and emerging airport technologies. The company works with manufacturers, operators and industry partners to identify and develop technologies that can improve the performance, efficiency and economics of airport ground operations.

About HEVO Inc.

HEVO is a New York-based leading developer and Tier 1 supplier of patented Rezonant™ wireless charging hardware and the Journey™ software platform for electric and autonomous vehicles. HEVO's UL certified and SAE qualified systems enable automated depot operations, resilient fleet charging and next-generation mobility platforms. HEVO is advancing stationary and dynamic wireless charging technologies for passenger vehicles, commercial fleets, Ground Support Equipment and autonomous mobility applications.

Learn more at HEVO.com, LinkedIn, YouTube, Instagram and X.

Forward-Looking Statements

This press release may contain forward-looking statements. All statements other than statements of historical fact are forward-looking statements and involve risks and uncertainties that may cause actual results to differ materially. These statements include expectations relating to pilot opportunities, customer engagements, vehicle integration, battery optimization, future commercialization and potential applications of wireless charging technologies. Except as required by law, neither HEVO nor Flying Pig GSE undertakes any obligation to update forward-looking statements.

Media and Business Development Inquiries

HEVO Press and Commercial Inquiries

[email protected]

HEVO Investment Inquiries

[email protected]

Flying Pig GSE LLC

Neil Bennett - Managing Director

[email protected]

North America: 253 358-0330

Thailand: 092-290-5715

flyingpiggse.com

SOURCE HEVO

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LOS ANGELES, Sept. 29, 2026 /PRNewswire/ -- Sports fans could pay more than $2,260 annually to subscribe to eight platforms, according to analysis from Lucky Rebel.

The combined monthly cost of the services analysed rose from $149.95 in 2021 to $188.86 in 2026, an increase of 26%, or almost $39 a month.

Subscribing to every platform throughout the year would cost $2,266. The total illustrates the cost of taking all eight subscriptions, rather than the amount every sports fan needs to spend.

The findings accompany Lucky Rebel's Sports Streaming Inflation Calculator, which examines subscription costs as broadcasting rights become increasingly spread across multiple providers.

- Apple TV+ records the biggest increase

- Apple TV+ recorded the largest percentage increase, with its monthly subscription rising from $4.99 to $12.99, up 160.3%.

- Peacock increased by 120.2%, followed by Amazon Prime Video at 66.7%. Netflix rose 42.9%, NBA League Pass increased 37.9%, and NFL Sunday Ticket climbed 28.6%.

- MLB.TV was the only service analysed to become cheaper, with its monthly equivalent cost falling 3.8%.

- Coverage spread across multiple platforms

Around two decades ago, an expanded cable package costing approximately $45 monthly typically included ESPN, ESPN2, ESPN Classic and Fox Sports Net, alongside ABC, CBS, FOX and NBC affiliates.

Today, depending on their sports and leagues, viewers may use YouTube TV, NFL Sunday Ticket, NBA League Pass, MLB.TV, Peacock, Amazon Prime Video, Apple TV+ and Netflix. With rights divided between providers, fans may need several subscriptions to access the coverage they want.

Fans report missing games

Consumer research cited by Lucky Rebel found that nearly six in ten sports fans had skipped a game because access was too expensive. Around one third said this had happened multiple times. Meanwhile, 46% of Americans reported missing an entire game because they could not identify where it was streaming. The same proportion had missed part of a game for this reason.

Among people without sports streaming subscriptions, 30% said illegal streams were easier than navigating multiple paid platforms.

Calculator estimates future spending

Lucky Rebel's calculator lets users select their sports, teams, subscriptions and how long they have been fans. It estimates annual streaming bills, compares current costs with 2021 prices and projects spending over 10, 20 and 30 years.

Methodology

- Lucky Rebel compared historical and current subscription prices for services covering sporting competitions. Prices from 2021 were compared with 2026, using monthly equivalents for annual or seasonal subscriptions.

- For YouTube TV, the earliest comparable price available was used. The historical cable comparison used an expanded package costing approximately $45 monthly in 2006.

- Longer term calculator figures are projections, rather than guaranteed future subscription costs.

About Lucky Rebel

Lucky Rebel is an online sportsbook and casino offering sports and live betting, casino games and live casino games. The platform also offers promotions and a player rewards programme, with a focus on providing an accessible online betting and gaming experience.

SOURCE Lucky Rebel

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The new offering will connect recreation programs and facilities with the assets and operations that support them

PHILADELPHIA, Sept. 29, 2026 /PRNewswire/ -- (NRPA Annual Conference 2026) -- OpenGov, the company powering the AI platform for local and state government, today announced its expansion into Recreation Management, building on its work with more than 400 parks and recreation agencies using OpenGov Enterprise Asset Management.

The new offering is being developed with parks and recreation professionals to connect programs, facilities, activities, and community services with the physical assets and maintenance work that support them.

"We've spent years building alongside parks and recreation teams. We see the work they do, the care they put in, and the systems challenges that slow them down," said Kate Ernst, senior vice president of marketing and general manager of Enterprise Asset Management at OpenGov. "Recreation Management connects reservations, maintenance, and programs in one platform so public servants can move faster and focus on what matters most: building stronger communities for everyone."

Built with Parks and Recreation Teams

OpenGov is working directly with parks and recreation professionals to shape capabilities and validate workflows ahead of the launch.

Facility reservations are planned as the first capability, helping residents discover facilities, view availability, and reserve spaces such as shelters, fields, and courts. Future phases are expected to support program registration, memberships, leagues, point-of-sale transactions, and related workflows. These capabilities are planned for availability by the end of 2026.

Recreation Management will be available as a standalone offering in the AI-powered OpenGov Public Service Platform. Agencies pairing it with Enterprise Asset Management will be able to connect reservations with asset records, inspections, maintenance schedules, and field work, providing a more complete view of facilities and operations without duplicating information across systems.

Help Shape What's Next at NRPA

NRPA Annual Conference attendees can visit OpenGov in the exhibit hall at booth 2009, September 29–30 at the Pennsylvania Convention Center, to learn about the Recreation Management offering, share feedback with the product team, and explore OpenGov Enterprise Asset Management.

Ready to connect programs, facility reservations, and maintenance operations in one platform? Get started at https://opengov.com/products/recreation-management/.

About OpenGov

OpenGov powers the AI platform for local and state governments across the United States. More than 2,000 cities, counties, school districts, special districts, and state agencies use OpenGov to connect finance, operations, infrastructure, and community services in one unified ecosystem, purpose-built for government. One in three people in the U.S. has better access to their government through OpenGov.

The OpenGov Public Service Platform brings together ERP and community operations including accounting, asset management, billing and revenue, budgeting, grants management, HCM, permitting, and purchasing. Powered by OG Assist, AI is embedded through the platform to help teams surface insights, complete workflows, and make better decisions faster.

Learn about OpenGov's mission to power more effective and accountable government at OpenGov.com.

SOURCE OpenGov, Inc.

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New partnership brings Clean Express to Penguins fans through first-goal free wash promotion, fan engagement and community initiatives

COLUMBUS, Ohio, and PITTSBURGH, Sept. 29, 2026 /PRNewswire/ -- Express Wash Concepts (EWC), one of the nation's leading express car wash operators, today announced a new partnership between its Clean Express Auto Wash brand and the Pittsburgh Penguins, naming Clean Express the Official Car Wash of the Pittsburgh Penguins.

The partnership expands Clean Express' growing presence throughout Western Pennsylvania and will connect the brand with Penguins fans throughout the season through in-arena and broadcast visibility, digital engagement, community initiatives and an exciting new promotion that gives fans another reason to cheer when the Penguins strike first.

The Penguins partnership further strengthens Clean Express' connection to Pittsburgh sports and its continued investment in Western Pennsylvania. With partnerships now spanning the Pittsburgh Penguins, Pittsburgh Steelers and Pittsburgh Pirates, Clean Express is building meaningful connections with fans across three of the region's most celebrated professional sports organizations.

"Pittsburgh continues to be an incredibly important growth market for Clean Express, and we're thrilled to add the Penguins to the organizations we are proud to support throughout Western Pennsylvania," said John Roush, Founder and CEO of Express Wash Concepts. "From baseball to football and now hockey, these partnerships give us an opportunity to connect with Pittsburgh fans year-round while continuing to invest in the communities we serve. We're proud to align Clean Express with organizations that share such deep connections to this region."

Penguins Score First. Pittsburgh Gets Clean.

Throughout the NHL season, Clean Express will give Penguins fans a reason to cheer even louder for the first goal at home. Whenever the Penguins score the first goal during a regular-season home game, fans can sign up to receive a FREE Clean-est Ultra wash ($28 value), redeemable the following day at any Clean Express Auto Wash location. The free wash offer is limited to one redemption per person, per season.

"Clean Express has built a strong and growing presence throughout Western Pennsylvania, and we're excited to welcome them as the Official Car Wash of the Pittsburgh Penguins," said Steve Kelley, Penguins Senior Vice President of Partnerships. "This partnership creates a fun new way for our fans to celebrate Penguins hockey while extending that experience beyond the arena. We look forward to a great partnership both at PPG Paints Arena and throughout the Pittsburgh community."

Supporting the Next Generation of Penguins Fans

The partnership will also create opportunities for Clean Express and the Penguins to connect with young hockey players and families throughout Western Pennsylvania. Clean Express will support Penguins youth hockey initiatives throughout the partnership, providing co-branded experiences and special offers that introduce young players and their families to the Clean Express brand while supporting the continued growth of hockey throughout the region.

The effort reflects EWC's ongoing commitment to its mission of Enhancing People, Communities and Cars Through the Power of Clean and creates another opportunity for Clean Express to give back to families throughout the communities it serves.

Finally, Clean Express will also have opportunities to bring the partnership to life beyond game day through fan-focused experiences and activations designed to deepen its connection with Penguins fans and the Greater Pittsburgh community.

Clean Express Deepens Its Investment in Pittsburgh

The Penguins partnership comes at a time of significant growth for Clean Express throughout Greater Pittsburgh. The Clean portfolio currently includes 59 locations across Pittsburgh, Cleveland, Detroit and Toledo, including 13 Clean Express locations serving Greater Pittsburgh today. That Pittsburgh footprint is poised for substantial growth, with seven additional locations expected to open by the end of 2026, bringing Clean Express to 20 Greater Pittsburgh locations.

Together with its partnerships with the Penguins, Steelers and Pirates, the continued expansion represents a broader investment in the Pittsburgh market — one focused not only on making Clean Express more convenient and accessible to customers, but also on becoming an active part of the sports, organizations and communities that matter to the region.

Homegrown and locally operated, Clean Express offers state-of-the-art wash technology, complimentary professional-grade vacuums and award-winning customer service, with every wash backed by a 100% satisfaction guarantee. The popular Wash Smart Unlimited Club enables members to easily clean and protect their vehicles while enjoying the convenience and value of unlimited washing across the Express Wash Concepts portfolio.

About Express Wash Concepts:

Express Wash Concepts (EWC) operates 143 award-winning express car wash locations across six states under the following brands: Moo Moo Express Car Wash, Flying Ace Express Car Wash, Clean Express Auto Wash, Green Clean Express Auto Wash and Bee Clean Express Car Wash. EWC brands feature fast, high-quality and environmentally friendly express tunnel wash experiences and free vacuums. The company's popular Wash Smart Unlimited Club packages offer members the convenience and value of truly unlimited washing at any location. For more information, please visit www.expresswashconcepts.com or view EWC's history here.

SOURCE Express Wash Concepts

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Josh Duhamel Joins STOKE Shoes as Partner, Wants Men to Stop Settling for Shoes That Don't Fit

As comfort becomes a bigger priority in everyday footwear, the actor joins STOKE Shoes as a partner to champion a category hiding in plain sight: wide-fit footwear.

GEORGES MILLS, N.H., Sept. 29, 2026 /PRNewswire/ -- Josh Duhamel has played soldiers, cops, cowboys and action heroes on screen. But one of his latest roles is considerably more relatable – the guy who just wants his shoes to fit. Today, the actor, who wears a wide width himself, joins STOKE Shoes as a brand partner, backing the sneaker brand engineered for the 97 million men in America with wide feet.

Duhamel is putting his name behind the footwear company built specifically for men who need more room, after discovering STOKE and quickly making the shoes part of his everyday rotation. He now wears STOKE both on and off set, and believes strongly enough in the brand's mission, team and vision to take his relationship with the company a step further as a partner.

"I got tired of paying over 200 bucks for sneakers that made my feet hurt. I'm on my feet all day and STOKE Shoes is the only shoe I wear. Easily the most comfortable shoe I've ever owned," Josh comments.

But Duhamel isn't joining STOKE simply because he likes the shoes. He believes in the bigger problem the company is trying to solve: men with wide feet have historically had to compromise on comfort, fit or style to find footwear that works for them. STOKE is taking a different approach, designing shoes from the ground up around wider men's feet rather than simply scaling up a standard shoe.

"Josh didn't need us to convince him to wear STOKE – he was already wearing them," said Ian Stewart, Chief Marketing Officer at STOKE Shoes. "What made this partnership perfect is that he believes in what we're building. He sees the size of the problem, believes in our team and wants to help us solve it at scale."

As part of the partnership, he will star in various social content campaigns, with the first surrounding a surprisingly universal question: Why are so many guys still wearing sneakers that don't fit?

The partnership comes as STOKE continues to challenge a footwear category that has traditionally treated width as an afterthought. The brand offers purpose-built wide and extra-wide footwear spanning E/2E through 3E/4E widths, incorporating proprietary technologies including Big Ball Girth™, Mansplay™ Midsole and PowerStack™ cushioning.

Founded in 2025 in Georges Mills, New Hampshire, STOKE Shoes is a performance-lifestyle brand built for the 75% of guys - 97 million American men - with wide feet. Since launching, the brand has expanded to more than 450 retail doors nationwide, alongside its direct-to-consumer business.

To learn about STOKE Shoes, visit www.stokeshoes.com.

About STOKE Shoes

STOKE Shoes is a performance-lifestyle brand engineered for the millions of all-American men with wide feet overlooked by the athletic footwear industry. Founded by Rick Blackshaw in 2025, Stoke builds shoes that match how real men live; with more room, more cushioning, and more honesty. The company is headquartered in New Hampshire with global manufacturing partners.

Media Contact:

Bethany Willetts | [email protected] 

SOURCE STOKE Shoes

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Businessolver research reveals a C-suite divided over whether AI should make the workforce more capable or leaner, while CIOs and CTOs are 25 points more likely than CFOs to worry that technology will outpace internal systems and workforce skills.

DENVER, Sept. 29, 2026 /PRNewswire/ -- Executives investing in AI for cost savings via headcount reduction are nearly half as likely to invest in the AI upskilling and workforce readiness needed to enable the AI efficiency they seek, according to new Businessolver research.

Among the 27% of C-suite executives who name cost savings through headcount reduction as a top AI investment goal, just 18% also prioritize AI upskilling, compared with 35% of CXOs who do not prioritize AI for headcount reduction. The same leaders trail on predictive analytics (21% vs. 44%), time savings and productivity, and reducing employees' administrative work — the investments that make a workforce more capable.

"AI does not create value on its own. People create value when they're enabled with the right set of skills and confidence," said Sony SungChu, Chief AI Officer at Businessolver. "If leaders reduce capacity without building capability, they could risk undermining the very productivity gains they're chasing."

The survey of 300 C-suite leaders and 1,000 employees is part of Businessolver's 11th annual State of Workplace Empathy study.

The report also revealed:

- CXOs reporting significant financial growth in the past year, report double the layoffs (23% vs. 11%), more recruiting (37% vs. 29%), and lower benefits investment (48% vs. 61%) — a signal of targeted workforce redesign, not simple downsizing.

- Executives and employees see AI differently. Nine in 10 CXOs say employees are excited about AI, yet 39% of employees worry about their future, 31% fear falling behind, and 49% say they've been left to figure out AI on their own.

- The C-suite is operating with different views of future workforce risk. While 88% of CIOs/CTOs worry technology will outpace internal systems or workforce skills, 63% of CFOs share that concern, a 25-point gap between the leaders closest to implementation and their finance counterparts.

- CXOs prioritizing AI-driven headcount reduction are more likely to see empathy as an obstacle. Nearly one-third (30%) say organizational empathy "gets in the way" of their personal business goals, compared with 19% of other CXOs.

"AI will change jobs and economic pressure will force hard decisions," said Jon Shanahan, President and CEO of Businessolver. "These are challenges but also opportunities for companies to demonstrate empathy in the face of a generational workplace shift, while creating stronger, more resilient companies — not just more efficient ones."

Read the full report here.

About Businessolver

Businessolver is an independently owned benefits technology company advancing a more proactive, connected, and anticipatory benefits experience. Through a secure SaaS platform, governed intelligence, and an always-on service model designed to act early and stay aligned, Businessolver helps organizations reduce complexity, strengthen engagement, and deliver consistent outcomes across total wellbeing. With more than two decades of innovation, Businessolver unifies people, data, and operations so that insights turn into action — and benefits work better for employers, employees, and partners. 

SOURCE Businessolver

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Invitation to Alfa Laval's third quarter conference call

LUND, Sweden, Sept. 29, 2026 /PRNewswire/ -- Alfa Laval will release third quarter earnings on 27 October at 07:30 am CET. The conference call will start at 09:00 am CET.

The conference call is hosted by Alfa Laval's CEO and President Tom Erixon and EVP, CFO Fredrik Ekström.

To participate in the conference call and ask questions, please register on below link: Diamond Pass Registration

You can also follow the conference via a live webcast. A webcast link will be available on | Alfa Laval Investors

Contacts

Johan Lundin

Head of Investor Relations, Alfa Laval

Mobile: +46 730 46 30 90

[email protected]

Beata Ardhe

Executive Assistant

Mobile: +46 709 36 65 26

[email protected]

This is Alfa Laval

The ability to make the most of what we have is more important than ever. Together with our customers, we're innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We're set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we're decarbonizing the marine fleet that is the backbone of global trade.

We pioneer technologies and solutions that enable our customers to unlock the true potential of resources. As our customers' businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we're pioneering positive impact.

Alfa Laval was founded more than 140 years ago, has customers in 100 countries, employs more than 23,670 people, and annual sales were SEK 69.6 billion (6.6 BEUR) in 2025. The company is listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

SOURCE Alfa Laval

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The partnership accelerates ITpipes' product and AI development for the crews, engineers, and agencies who keep North America's wastewater and stormwater systems running.

SEATTLE and SAN FRANCISCO, Sept. 29, 2026 /PRNewswire/ -- ITpipes, the trusted leader in pipe inspection software for sewer and stormwater systems, today announced a strategic growth investment from Luminate Capital Partners. The investment will accelerate ITpipes' product and AI development — helping inspection crews work faster and more consistently, and giving the utilities, municipalities, and contractors who own these systems the reliable condition data they need to plan maintenance and to maximize the impact of their budgets.

Growing expectations require product innovation

Buried infrastructure has moved to the center of local budget and regulatory decisions. The American Society of Civil Engineers gave wastewater infrastructure a D+ in its 2025 Report Card, citing more than 1.87 million miles of collection system pipe and a roughly $69 billion annual capital investment gap. Utilities must assess more pipe and defend every dollar of spending — often with the same crews and budgets they had a decade ago — putting a premium on condition data that is accurate, complete, and defensible. More than 300 utilities, municipalities, and CCTV contractors use ITpipes to collect, manage, and act on that data, built on Esri ArcGIS and aligned with NASSCO PACP, MACP, and LACP standards.

"For fifteen years, utilities and contractors have trusted ITpipes with the condition data behind their rehabilitation and capital decisions — and that trust is the foundation our AI is built on. AiDetect works because it's trained on real inspection data and checked by NASSCO-certified experts, not because it's the newest thing on the market. Partnering with Luminate lets us build faster for the cities, counties, and contractors who count on us, with the same reliability that earned their trust," said Ned Bebawy, CEO of ITpipes.

AI has moved quickly through pipe inspection, from early defect-detection experiments to tools that now support certified coders on production inspections every day. ITpipes' AiDetect — shaped by more than fifteen years of understanding how inspections run and how defects are coded in the field, with every result reviewed by NASSCO-certified experts — delivers 97% defect-detection accuracy while cutting coding and QA time by at least 50%. This investment funds the next stage: building on that accuracy to make ITpipes the system of record for all underground condition data — where inspections, defect coding, and asset history come together to drive planning, prioritization, and capital decisions.

"ITpipes has earned something rare in this market: the trust of the utilities, municipalities, and contractors who depend on accurate inspection data every day. Ned and the team have paired that reputation with real product innovation, including AiDetect, and we're excited to partner with them to build the tools their customers need — reliable, easy to use, and grounded in how the work actually gets done," said Andrew Baldwin, Partner at Luminate Capital.

Lincoln International provided M&A advisory services to the shareholders of ITpipes and legal advice was provided by Holland & Knight.

Kirkland & Ellis served as legal advisor to Luminate.

Terms of the transaction were not disclosed.

About ITpipes

ITpipes is a leading provider of pipe inspection software and AI coding solutions for water and wastewater utilities, municipalities, and contractors across the United States and Canada. Built on Esri ArcGIS and aligned with NASSCO PACP, MACP, and LACP standards, ITpipes helps agencies collect, manage, and act on condition data to keep critical infrastructure running. ITpipes is headquartered in Seattle, Washington. Learn more at www.itpipes.com.

About Luminate Capital Partners

Luminate Capital Partners is an investment firm managing over $2 billion in assets with a focus on growth software companies. Luminate partners with management teams to drive growth through building innovative products that solve real customer problems. Luminate's portfolio of market leaders includes AbsenceSoft, Axonify, Conexiom, Adherent, Ease, FMX, MSI Data, StarCompliance, Suralink and Thought Industries. For more information, please visit www.luminatecapital.com.

Media Contacts

For ITpipes, Ashley Stuart, Director of Marketing, ITpipes

[email protected] | www.itpipes.com

For Luminate, Chris Tofalli, Chris Tofalli Public Relations, LLC

[email protected]

SOURCE Luminate Capital Partners

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Gross Margin Expands to 34.7% from 25.3%; Net Loss Narrows by $6.8 Million; IPP Production Revenue Reaches $9.8 Million

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.

TORONTO, Sept. 29, 2026 /PRNewswire/ -- PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company") reports results for the fiscal year ended June 30, 2026. All financial figures are in Canadian dollars and are in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board as presented in the consolidated financial statements. References to "FY2025" mean the year ended June 30, 2025 and references to "FY2026" mean the year ended June 30, 2026.

Fiscal Year Financial Highlights (All amounts are for the Twelve-Month Period ended June 30, 2026)

- Revenues were $27.4 million compared to $41.5 million in the same period during FY2025.

- Gross profit was $9.5 million, or 34.7% of revenues, compared to $10.5 million, or 25.3% of revenues in the same period for FY2025.

- IPP production revenue increased from $9.3 million to $9.8 million during the period.

- Adjusted EBITDA(1) of $(3.5) million compared to $(0.8) million for the same period during FY2025.

- Net loss of $24.3 million, or $(0.58) per basic share during the period in FY2026, compared to a net loss of $31.1 million, or $(0.97) per basic share during the same period in FY2025.

- Cash flow from operating activities was an outflow of $12.8 million compared to an outflow of $17.3 million in the same period in FY2025.

- Working capital improved to $1.6 million as of June 30, 2026, compared to a working capital deficit of $(1.8) million at June 30, 2025.

Corporate Fourth Quarter Highlights and Milestones:

- On May 5, the Company announced the SFF 06 battery energy storage project in Ontario achieved commercial operation on April 20, 2026.

- On May 21, the Company announced three new battery energy storage system projects in upstate New York, adding 60 MWh to the growing portfolio of BESS.

- The Company announced all three Community Solar Projects in the 21 MW upstate New York portfolio reached commercial operation. On June 30, the Company announced that it has executed an Operations and Maintenance Services Agreement for the three projects.

- On June 9, the Company announced that equipment procurement and physical work occurred for 8 distributed solar and energy storage projects in New York State, meaning the projects met the IRS Physical Work Test ahead of the July 4, 2026 deadline. The estimated ITC value associated with the safe-harbored projects is approximately US$29.7 million, with an estimated portfolio construction value of approximately US$74.3 million.

- The Company announced that all three community solar projects in Nova Scotia have secured interconnection agreements, advancing the 12.4 MW pipeline in the province.

- On June 26, the Company announced it was awarded a $2.95 million federal contract with the US Department of Defense and the Department of the Army for a Covered Parking Canopy Solar Project.

- On June 29, the Company announced a Joint Development Agreement with Nodiac Corp. to leverage PowerBank's portfolio of solar and BESS sites across North America for the deployment of distributed AI compute infrastructure.

Dr. Richard Lu, CEO of PowerBank commented: "Fiscal 2026 was the year PowerBank's financial transformation took hold. While revenue declined as we shifted from selling projects toward owning them, gross margin expanded to 34.7% from 25.3%, we narrowed our net loss by $6.8 million, reduced cash used in operations by $4.4 million, and moved from a working capital deficit to positive working capital of $1.6 million. We brought five projects into commercial operation during the year, including our SFF 06 battery energy storage project in Ontario, and our IPP portfolio generated $9.8 million in production revenue. With this foundation in place, we expect revenue to return to growth in Fiscal 2027."

Summary of Annual Results (All amounts are for the Twelve-Month Period)

The Company ended the 2026 fiscal year with $40.9 million in current assets (including $10.7 million in cash), as compared to $41.3 million in current assets as of year-end June 30, 2025. The decrease was primarily due to lower prepaid expenses and deposits and trade and other receivables, substantially offset by higher inventories and cash.

Current liabilities decreased from $43.1 million as of the year ended June 30, 2025, to $39.4 million as of June 30, 2026, primarily due to lower trade and other payables and contract liabilities, partially offset by increases in the current portion of long-term debt and short-term loans. As a result, the Company had working capital of $1.6 million at June 30, 2026.

For complete details please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the nine months ended March 31, 2026, available on SEDAR+ (https://www.sedarplus.ca).

The Company notes that the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements for the Company and its customers and the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power, which could cause demand for the Company's services to decline. Please refer to "Forward-Looking Statements" for additional discussion of the assumptions and risk factors associated with the statements in this press release.

Conference Call — September 29, 2026, at 4:30 PM ET

The Company will review financial results and provide a business update. Interested parties can register for the webinar by clicking here.

After registering, you will receive a confirmation email containing information about joining the webinar.

Non-IFRS Financial Measures

The Company has disclosed certain non-IFRS financial measures and ratios in this press release, as discussed below. These non-IFRS financial measures and non-IFRS ratios are widely reported in the renewable energy industry as benchmarks for performance and are used by management to monitor and evaluate the Company's operating performance and ability to generate cash. The Company believes that, in addition to financial measures and ratios prepared in accordance with IFRS, certain investors use these non-IFRS financial measures and ratios to evaluate the Company's performance. However, the measures do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other companies. Accordingly, non-IFRS financial measures and non-IFRS ratios should not be considered in isolation or as a substitute for measures and ratios of the Company's performance prepared in accordance with IFRS.

Non-IFRS financial measures are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112") as a financial measure disclosed that (a) depicts the historical or expected future financial performance, financial position or cash flow of an entity, (b) with respect to its composition, excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the entity, (c) is not disclosed in the financial statements of the entity, and (d) is not a ratio, fraction, percentage or similar representation.

A non-IFRS ratio is defined by NI 52-112 as a financial measure disclosed that (a) is in the form of a ratio, fraction, percentage, or similar representation, (b) has a non-IFRS financial measure as one or more of its components, and (c) is not disclosed in the financial statements.

Adjusted EBITDA

Adjusted EBITDA is a non-IFRS financial measure, which excludes the following from net earnings:

- Income tax (income) expense;

- Finance costs;

- Amortization and depreciation;

- Fair value gain/loss;

- Stock based compensation;

- Impairment charges or reversals;

- Loss on investments;

- Foreign exchange gains or losses.

Management believes Adjusted EBITDA is a valuable indicator of the Company's ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses Adjusted EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby Adjusted EBITDA is multiplied by a factor or "EBITDA multiple" based on an observed or inferred relationship between Adjusted EBITDA and market values to determine the approximate total enterprise value of a Company. Management also believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company's performance.

Adjusted EBITDA is intended to provide additional information to investors and analysts. It does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of operating performance prepared in accordance with IFRS. Other companies may calculate Adjusted EBITDA differently.

For the twelve months ended June 30, 2026, Adjusted EBITDA was a loss of $3,514, compared to a loss of $846 in the same period in the prior year, representing a decrease of $2,668. The decrease primarily reflected lower development and EPC revenue and higher operating expenses.