logo
Cayuga Milk Ingredients Debuts Consumer Goods Plant as Part of $270 Million Expansion of New York State Facility

Cayuga Milk Ingredients Debuts Consumer Goods Plant as Part of $270 Million Expansion of New York State Facility

DENTON, Texas, July 3, 2025 /3BL/ - Cayuga Milk Ingredients (CMI), in collaboration with Tetra Pak, a pioneer and world-leading food processing and packaging solutions company, announces the grand opening of CMI's expanded facility in Auburn, Cayuga County as part of a two-phase, multimillion-dollar expansion and investment in New York state. The ribbon-cutting event, aligned with June's National Dairy Month, featured a host of local and state leaders and was also attended by key dairy industry groups, including New York Farm Bureau, New York Animal Agriculture Coalition, Northeast Agribusiness and Feed Alliance, and the Northeast Dairy Producers Association.
CMI is a unique leader in the global food market with 1.5 billion pounds of milk produced annually on 65,000 acres of fertile land. The company is owned and operated by 22 farm families with 32 farm locations in the Finger Lakes region of New York state, with a dairy ingredients portfolio that includes milk powders, protein powders and fluid milk products. With the addition of its new consumer goods dairy plant, CMI is positioning itself as a vertically integrated, premium contract manufacturing solution for fast-growing, value-added dairy products, with a commitment to maximizing their nutritional impact while minimizing environmental impact.
'Shelf-stable innovation continues to redefine what's possible in food and beverage,' said Mat Rutz, VP of contract manufacturing for Tetra Pak U.S. and Canada. 'Working with companies like CMI to expand their portfolio by providing innovative processing and packaging solutions for their products is energizing. We're proud to continue driving this bold new chapter for our industry with sustainable growth in mind.'
Tetra Pak and CMI share a deep commitment to sustainability and reducing environmental impact across the food and beverage industry. Through this plant expansion, which was supported by incentives from the state, the companies are advancing shelf-stable packaging solutions that offer cost savings and production efficiencies, while reducing food waste and minimizing the environmental impact of the transportation and storage of food and beverage products.
CMI has already supported over 350 construction-related jobs during the development of the plant and expects to add an additional 150 new jobs once the facility opens in fall of 2025, a workforce development win for the state's robust agricultural industry.
'The opening of our new consumer products facility marks a new chapter of possibilities, one where innovation, sustainability and responsible farming come together to shape the future of food,' said Brian Linney, CEO at CMI. 'As one of the key players in New York's significant dairy industry, we are excited to continually invest back in our county with a vertically integrated expansion that is sure to not only create meaningful opportunities for our local community but also drive economic benefits back to our state.'
About the Facility
About Cayuga
Cayuga Milk Ingredients (CMI) is a farmer-owned dairy processor located in the Finger Lakes in central New York, producing premium milk and innovative dairy ingredients for customers across the globe. Founded by progressive, sustainability-minded dairy farmers, CMI was built with a clear mission: to produce the highest quality dairy ingredients through innovation, integrity and sustainable stewardship.
With a vertically integrated model and state-of-the-art processing capabilities, CMI transforms high-quality milk into value-added products including high-protein milk, powders and ultrafiltered dairy ingredients. CMI is committed to advancing sustainable agriculture; supporting the wellbeing of its farmers, employees and cows; and delivering exceptional ingredients for the future of food.
More information about CMI is available at www.cmingredients.com.
Media contact:
Stephanie Ward [email protected] 940-380-4635
Visit 3BL Media to see more multimedia and stories from Tetra Pak
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

4 Oil Giants Invest Billions to Lead the Low-Carbon Energy Shift
4 Oil Giants Invest Billions to Lead the Low-Carbon Energy Shift

Yahoo

time21 minutes ago

  • Yahoo

4 Oil Giants Invest Billions to Lead the Low-Carbon Energy Shift

The energy world is changing fast, and for oil and energy companies, the message couldn't be clearer: low-carbon solutions aren't just a nice-to-have anymore — they're essential. With record-breaking heat, stricter regulations and growing pressure from customers, cutting carbon isn't just about doing the right thing — it's opening up real business opportunities. It's pushing companies to innovate, explore new markets, and rethink what it means to lead in this space. For oils-energy companies and investors, this shift isn't just about keeping up with regulations. It's about staying competitive, finding new paths to grow, and making sure their investments are built to last. In today's fast-changing energy world, integrated oil and gas companies are in a great position to lead the way. These big players handle everything — from finding and extracting oil and gas to refining it and getting it to customers, which gives them the know-how and resources to try new ideas and technologies. Companies like Exxon Mobil Corporation XOM, Shell plc SHEL, TotalEnergies SE TTE, and Chevron Corporation CVX aren't just sticking to traditional oil and gas anymore — they're upgrading their whole systems to include low-carbon solutions like carbon capture, hydrogen, and renewable energy. By combining what they've done for years with these new, cleaner options, they're finding smart ways to stay competitive and make real progress toward a greener future. Because they cover the entire process, they can move quickly, make smart investments, and lead the industry through one of its biggest transformations yet. Low-carbon solutions — from carbon capture to hydrogen and renewables — are vital for several reasons: Regulatory Pressure and Market Demand: Governments worldwide are tightening emissions standards and setting legally binding climate commitments. This means companies that can't show real progress on decarbonization risk losing their license to operate, facing higher costs, or missing lucrative contracts. Massive Market Opportunity: Hard-to-decarbonize sectors like industry, power, and transportation account for about 80% of global CO2 emissions. The market for emission-reduction technologies in these sectors could be worth up to $6 trillion by 2050. For oil and energy companies, this is a huge opportunity to capture new value pools and diversify revenue streams. Investor and Consumer Expectations: Investors are increasingly channeling capital toward businesses with strong sustainability credentials, while consumers are demanding cleaner products. Companies that lead in low-carbon innovation can enhance their brand, attract investment, and build long-term customer loyalty. Cost Savings and Efficiency: Advanced carbon management technologies and smart energy systems can help businesses slash energy waste, cut costs, and increase operational efficiency—all while reducing their environmental impact. Future-Proofing: As the energy transition accelerates, companies that invest early in low-carbon solutions will be better positioned to adapt to changing policies, technologies, and market dynamics. Let's explore how the largest energy companies — ExxonMobil, Shell, TotalEnergies, and Chevron — are evolving to lead in the low-carbon future: ExxonMobil, a Spring, TX-based integrated oil and gas company, is placing big bets on carbon capture and low-carbon hydrogen. In its first-quarter 2025 results, the Zacks Rank #3 (Hold) company reported earnings of $7.7 billion and highlighted ongoing transformation efforts to ensure resilience in uncertain markets. Notably, ExxonMobil has pledged up to $30 billion between 2025 and 2030 for lower-emission initiatives, with about 65% of this investment aimed at reducing emissions across the broader industry, not just its operations. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Baytown low-carbon hydrogen project, poised to be one of the world's largest blue hydrogen facilities, serves as a key pillar of this strategy. Using CCS technology, Baytown will capture up to 10 million metric tons of CO2 annually, enabling both ExxonMobil and third-party emitters to cut emissions at scale. ExxonMobil's deep infrastructure and engineering expertise give it a strong advantage in commercializing these solutions efficiently. The company is also advancing biofuels and lithium extraction, aiming to support both the decarbonization of its operations and those of other industries. Furthermore, ExxonMobil is deploying advanced methane detection and reduction technologies, underlining its commitment to tackling all major greenhouse gases as part of its broader emissions-reduction strategy. Shell's first-quarter 2025 adjusted earnings were $5.6 billion, but the real story is its portfolio transformation. The company sold its Nigerian onshore operations for $2.4 billion, exiting a legacy region with significant operational risks. Simultaneously, Shell acquired Pavilion Energy, strengthening its LNG trading capabilities and positioning itself for long-term growth in cleaner fuels. The Zacks Rank #3 company is also ramping up investments in renewable power and hydrogen. While specific hydrogen projects weren't disclosed in the first quarter, the London-based integrated oil and gas company has a clear capital expenditure (CapEx) outlook of $20-$22 billion, much of it directed at transition technologies, including renewables, energy storage, and distributed energy platforms. Shell is accelerating its energy transition strategy by investing $10-$15 billion in low-carbon solutions between 2023 and 2025, with a strong focus on hydrogen, renewables, and carbon capture. A key milestone in Shell's sustainability initiatives is the construction of Holland Hydrogen I in Rotterdam, poised to become Europe's largest renewable hydrogen plant when it begins operations in 2025. This facility will use offshore wind power to produce green hydrogen, which will help decarbonize Shell's refineries and support clean transportation. Beyond hydrogen, Shell is rapidly expanding its EV charging infrastructure and renewable energy generation, particularly in wind and solar. The company's carbon capture initiatives, such as the Polaris CCS project in Canada, are designed to capture significant volumes of CO2 and support Shell's goal of achieving net-zero emissions by 2050. Shell's progress is evident in its achievement of over 60% of its targeted reduction in operational emissions by 2030, even as it adapts its long-term plans to the evolving energy landscape. Among the most aggressive movers, TotalEnergies, a France-based integrated oil and gas company, is rapidly expanding its renewable electricity and green hydrogen assets. In first-quarter 2025, the Zacks Rank #3 company posted strong results driven by an 18% year-over-year rise in electricity production, largely powered by renewables. TotalEnergies also acquired VSB Group, a German renewables developer, further cementing its role in Europe's green energy ecosystem. A landmark initiative is its partnership with Air Liquide to build two green hydrogen facilities in the Netherlands, targeting 45,000 tons of annual production. These projects aim to reduce up to 450,000 tons of CO2 emissions per year, primarily by decarbonizing TotalEnergies' refining operations, while supporting broader EU climate targets. TotalEnergies' integrated approach combines renewable generation, storage, and distribution, positioning the company as a key player in Europe's evolving green energy ecosystem and enhancing its resilience in a rapidly changing market. Chevron, a Houston, TX-based Integrated Oil and Gas company, is taking a more measured yet innovative path. The first-quarter 2025 earnings were $3.5 billion, with highlights including the start-up of the Ballymore field in the Gulf of America. On the decarbonization front, the Zacks Rank #3 company launched a 5-megawatt solar-to-hydrogen project in California's Central Valley, its first such initiative. The facility uses solar energy to produce hydrogen for industrial and transport applications, showcasing Chevron's intent to blend renewables with traditional energy. In addition, Chevron is supporting more than 140 clean-tech startups through its Chevron Technology Ventures, investing in lithium production, recently acquired lithium-rich acreage as part of a strategic expansion and intelligent fracking technologies to boost efficiency while reducing emissions. The shift to low-carbon energy is no longer a distant ideal — it's a critical business transformation already underway. Leading oil and energy companies are evolving from fossil fuel producers into diversified energy innovators. For investors, this means opportunities to back companies with bold decarbonization strategies that promise growth, resilience, and competitive advantage. In the race to net zero, those who invest early and think beyond traditional oil and gas will define the energy leaders of tomorrow — and reap the rewards today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE) : Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Battery X Metals Reports Estimated Driving Range Increase of 255 Kilometers Following Successful Rebalancing of Light-Duty Electric Vehicle Model with Severe Cell Imbalance, Restoring Post-Rebalance Range to 295 Kilometers in Preliminary Trial
Battery X Metals Reports Estimated Driving Range Increase of 255 Kilometers Following Successful Rebalancing of Light-Duty Electric Vehicle Model with Severe Cell Imbalance, Restoring Post-Rebalance Range to 295 Kilometers in Preliminary Trial

Yahoo

time30 minutes ago

  • Yahoo

Battery X Metals Reports Estimated Driving Range Increase of 255 Kilometers Following Successful Rebalancing of Light-Duty Electric Vehicle Model with Severe Cell Imbalance, Restoring Post-Rebalance Range to 295 Kilometers in Preliminary Trial

News Release Highlights: Battery X Rebalancing Technologies has restored a severely degraded Class 3 electric truck from a reported ~40-kilometer range to an estimated 295 kilometers range per charge under no-load conditions (a 255-kilometer increase; 637.5% improvement) based on results from controlled real-world performance trials. Prototype 2.0, Battery X Rebalancing Technologies' patent-pending battery rebalancing platform, demonstrated breakthrough results in the field by fully restoring lost capacity in a 144-cell NMC battery pack exhibiting severe natural cell imbalance-achieving 100% recovery of imbalance-related losses and delivering a 37.7% increase in Rated Capacity. Battery X Rebalancing Technologies has been informed of a broader commercial opportunity following reports of widespread battery degradation across similar electric trucks in active service-underscoring growing demand for a scalable, cost-effective rebalancing solution to extend battery life and reduce operating costs for commercial EV stakeholders. VANCOUVER, BC / / July 4, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that further to its news release dated June 6, 2025, its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies"), has successfully completed a real-world driving trial demonstrating a significant increase in estimated driving range for a fully electric, Class 3 commercial electric vehicle, or light-duty electric vehicle (the "Electric Truck"), following a full battery rebalancing process using the Company's patent-pending second-generation lithium-ion battery rebalancing hardware and software platform ("Prototype 2.0"). As part of its ongoing performance validation program for Prototype 2.0, Battery X Rebalancing Technologies recently conducted a series of real-world road tests on a rebalanced Electric Truck to evaluate post-rebalancing driving range and battery efficiency. The Electric Truck was supplied by an authorized Canadian distributor of the Electric Truck (the "Electric Truck Authorized Distributor") and, as represented by the Electric Truck Authorized Distributor, had previously demonstrated a significantly degraded driving range of approximately 40 kilometers per full charge caused by significant natural cell imbalance caused by real-world conditions. In response to this battery capacity performance deficiency, Battery X Rebalancing Technologies performed a battery rebalancing procedure on the Electric Truck utilizing Prototype 2.0, as initially disclosed in the Company's news release dated June 6, 2025. During the associated rebalancing trial (the "Rebalancing Trial"), Battery X Rebalancing Technologies successfully completed a full rebalancing process on a 144-cell lithium-ion battery pack composed of lithium nickel manganese cobalt oxide (NMC) chemistry, which had exhibited substantial imbalance attributable to real-world operating conditions. The Rebalancing Trial demonstrated complete (100%) recovery of imbalance-related capacity loss and yielded a 37.7% increase in the Rated Capacity (as defined in the June 6, 2025 news release) of the Electric Truck's battery pack. The ResultsFollowing completion of the rebalancing procedure, Battery X Rebalancing Technologies conducted a series of controlled real-world performance evaluations (each, a "Trial" and collectively, the "Battery Range Performance Trials") on the Electric Truck for the purpose of assessing post-rebalancing improvements in battery range and overall energy efficiency under actual operating conditions. In the first Trial, the Electric Truck traveled a total distance of 41 kilometers, utilizing approximately 14% of its available battery capacity, while operating across a combination of highway and city driving environments. In the second Trial, the vehicle completed a distance of 107.3 kilometers while consuming approximately 35% of its battery capacity, under similarly mixed driving conditions. The third Trial, conducted exclusively under city driving conditions, demonstrated that the vehicle traveled 58.2 kilometers while utilizing approximately 21% of its available battery charge (collectively, the "Results"). The Results demonstrate a material improvement in the estimated driving range and effective battery capacity of the Electric Truck. Specifically, post-rebalancing performance testing indicates an estimated driving range of approximately 295 kilometers per full charge under no-load conditions. These figures represent an increase of up to 255 kilometers in driving range under no-load conditions, corresponding to an approximately 637.5% improvement of battery driving range, as compared to the pre-rebalancing range of approximately 40 kilometers. The Results affirm the technical efficacy and commercial relevance of Battery X Rebalancing Technologies' proprietary rebalancing process and support its broader applicability within light-duty electric vehicle fleets and other commercial electric transportation use cases. The Electric Truck parent company has represented that the Electric Truck's expected driving range under maximum payload conditions is approximately 290 kilometers. Battery X Rebalancing Technologies' Battery Range Performance Trials yielded an estimated range of approximately 295 kilometers under no-load conditions following rebalancing. Although these figures were obtained under different load scenarios, the close alignment between the Electric Truck Authorized Distributor's reported range and the post-rebalancing estimate supports the reliability of Battery X Rebalancing Technologies' testing methodology. Furthermore, the Results underscore the potential of Battery X Rebalancing Technologies' rebalancing process to restore battery performance to levels consistent with the high end of manufacturer-reported specifications. The Battery Range Performance Trials were performed under no-load conditions; it is relevant to note that payload can have an effect on energy consumption and overall driving range. This consideration is consistent with widely recognized industry dynamics and is disclosed to provide a complete and transparent understanding of factors that may influence real-world vehicle performance. Range may vary based on payload, terrain, driving behavior, and other operational conditions. These performance outcomes further validate the effectiveness and market relevance of Battery X Rebalancing Technologies' proprietary rebalancing solution in restoring degraded battery capacity and materially extending the remaining useful life of commercial electric vehicle batteries. The Company believes these results provide compelling technical validation in support of Prototype 2.0's broader commercial deployment, particularly in fleet environments where range reliability, battery lifespan longevity, and total cost of ownership are mission-critical considerations. Significance of Results & Market Opportunity for the Electric TruckThe Results of the Rebalancing Trial and the Battery Range Performance Trials collectively demonstrate that Prototype 2.0 is capable of effectively rebalancing lithium-ion battery packs exhibiting significant, naturally occurring cell imbalance. This successful outcome builds upon previously disclosed validation milestones achieved by Battery X Rebalancing Technologies, including third-party technical validation conducted by the National Research Council of Canada (as referenced below), as well as the Company's news release dated May 30, 2025, announcing the successful rebalancing of a naturally imbalanced Nissan Leaf battery pack-the second most common out-of-warranty electric vehicle platform in the United States. Importantly, the Results not only validate the technical efficacy of Prototype 2.0 in an Electric Truck application, but also demonstrate its potential to recover substantial lost battery capacity resulting from cell imbalance. This performance reinforces the relevance of the Company's patent-pending technology in practical, real-world scenarios and highlights the broader need for scalable, cost-effective battery recovery solutions. The Battery Range Performance Trials further substantiates the commercial viability of Prototype 2.0 as a solution to extend the remaining useful life of aging battery packs in commercial electric vehicle fleets. The Electric Truck and associated Electric Truck battery pack were supplied to Battery X Rebalancing Technologies at no cost for testing and evaluation by the Electric Truck Authorized Distributor, who advised that it owns and operates a fleet of approximately 20 Electric Trucks (the "Electric Truck Fleet"). According to the Electric Truck Authorized Distributor, multiple vehicles within the Electric Truck Fleet have exhibited material battery degradation and capacity loss attributable to cell imbalance. The Rebalancing Trial and the Battery Range Performance Trials were undertaken in response to the Electric Truck Authorized Distributor's request for a viable alternative to full battery replacement, which it advised may be financially prohibitive on a fleet-wide basis. The objective of the Rebalancing Trial and the Battery Range Performance Trials was to determine whether Prototype 2.0 could effectively restore functional battery performance in a degraded battery unit sourced from the Electric Truck Fleet. Upon successful rebalancing, the Battery Range Performance Trials further aimed to quantify the extent of recovered battery capacity in terms of estimated driving range. The positive Results are expected to inform and support ongoing discussions with the Electric Truck Authorized Distributor regarding the potential deployment of the rebalancing solution across its broader fleet, with the goal of extending battery life and mitigating the operational and financial impact of premature battery replacements. Battery X Rebalancing Technologies has been informed by the Electric Truck Authorized Distributor that a substantial number of similar electric trucks are currently in operation across various markets, including those held by the Electric Truck's parent company, authorized distributors, commercial fleet operators, and private owners. Many of these vehicles are reportedly experiencing battery degradation symptoms consistent with cell imbalance. This feedback underscores a broader market opportunity for Battery X Rebalancing Technologies to provide a scalable, cost-effective rebalancing solution aimed at extending battery life and reducing total cost of ownership for commercial EV stakeholders. In conjunction with the Rebalancing Trial and the Battery Range Performance Trials, Battery X Rebalancing Technologies is currently advancing the development of standardized operating procedures ("SOPs") tailored to the Electric Truck Battery Pack, in addition to refining user interface and workflow enhancements within Prototype 2.0. The Company is also actively pursuing a commercial manufacturing agreement to support scalable production and deployment of its rebalancing platform. These activities are intended to further the Company's broader commercialization strategy, which is not limited to any single third-party opportunity. The Electric Truck-specific SOPs, however, are being developed in direct response to the successful Battery Range Performance Trials and the interest expressed by the Electric Truck Authorized Distributor. There can be no assurance that Battery X Rebalancing Technologies will enter into any definitive commercial arrangement with the Electric Truck Authorized Distributor or any other third party at this time. While the Company remains encouraged by the Rebalancing Trial and the Battery Range Performance Trials, which demonstrate an apparent need in the marketplace, any future commercial arrangement will be subject to further technical validation, negotiation of mutually acceptable terms, and completion of all necessary operational readiness milestones. The Problem: Rising EV Adoption Presents New Battery Lifecycle ChallengesIn 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 20231. With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units2, a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage3,4. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements5. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing. The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery LongevityBattery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements. Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ("NRC"), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC-resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology. These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future. 1 Rho Motion - Global EV Sales 2024, 2 IEA Global EV Outlook 2024, 3 IEA, 4 U.S. News, 5 Recurrent Auto About Battery X Metals X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of DirectorsMassimo Bellini Bressi, Director For further information, please contact:Massimo Bellini BressiChief Executive OfficerEmail: mbellini@ (604) 741-0444 Disclaimer for Forward-Looking InformationThis news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements in this release relate to, among other things: the estimated driving range improvements for the Electric Truck under no-load and maximum payload conditions following the rebalancing procedure; the interpretation and implications of the Battery Range Performance Trials and the Rebalancing Trial; the technical capabilities and commercial potential of Prototype 2.0, including its ability to restore battery capacity and address cell imbalance in lithium-ion battery packs; the applicability of the technology to Class 3 electric trucks and other commercial electric vehicle platforms; the alignment between test results, manufacturer specifications, and industry standards; potential discussions and future commercial arrangements with the Electric Truck Authorized Distributor; the scale and condition of the Electric Truck Fleet; the development and implementation of standardized operating procedures (SOPs); user interface enhancements; the possibility of entering into a commercial manufacturing agreement; the broader market demand for cost-effective rebalancing solutions; the number of similar electric trucks currently in operation across various markets; the owners and holders of similar electric trucks; the battery degradation symptoms and potential state of cell imbalance of similar electric trucks; the potential market opportunity to be derived from similar electric trucks; and the Company's strategic objective to extend battery life and reduce total cost of ownership for commercial electric vehicle operators. These forward-looking statements reflect management's current expectations, estimates, projections, and assumptions as of the date of this news release and are based on a number of factors and assumptions believed to be reasonable at the time such statements are made, including without limitation: assumptions regarding battery chemistry behavior; repeatability of rebalancing results across similar battery packs and vehicle platforms; the continued accuracy of data provided by third-party distributors; the Company's ability to develop, test, and manufacture Prototype 2.0 at scale; and the successful negotiation and execution of commercial agreements and manufacturing agreements. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: technical challenges in product validation or scalability; variability in battery performance across different conditions and chemistries; inability to replicate test results in other environments; delays or failures in entering into commercial or manufacturing agreements; lack of customer adoption; supply chain limitations; regulatory, legal, or operational constraints; and risks generally associated with early-stage clean technology companies. There can be no assurance that the Company will enter into any commercial arrangement with the Electric Truck Authorized Distributor or any other third party, that Prototype 2.0 will achieve commercial adoption, or that Battery X Metals Inc. or Battery X Rebalancing Technologies Inc. will realize any revenue from the initiatives described herein. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, Battery X Metals Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are encouraged to consult the Company's continuous disclosure filings available under its profile at for additional risk factors and information. SOURCE: Battery X Metals View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Analyst resets Datadog stock price target after surprise addition to S&P 500
Analyst resets Datadog stock price target after surprise addition to S&P 500

Miami Herald

timean hour ago

  • Miami Herald

Analyst resets Datadog stock price target after surprise addition to S&P 500

Shares of Datadog (DDOG) surged nearly 15% to $155.15 on July 3 after S&P Global said the monitoring software provider will be included in the S&P 500 U.S. stock index, effective before the market opens on July 9. The move surprised some investors, who had expected names like Robinhood (HOOD) or AppLovin (APP) to be next in line. Datadog will replace Juniper Networks (JNPR) , which was just acquired by Hewlett-Packard Enterprise Co. (HPE) . The S&P 500 is a stock index that tracks the performance of 500 of the leading publicly traded companies in the U.S., serving as a key benchmark for the overall health of the U.S. economy. Tech firms now make up a major share of the index and have an important impact on its movements. Stocks could likely rally after being added to a major index like the S&P 500 because of increased demand from institutional investors, especially passive index funds. DoorDash (DASH) joined the index in March and has risen 20% since. Palantir (PLTR) , which was added last September, has jumped more than 250% since joining. Datadog has lagged behind the broader tech sector this year, falling 5.5% through July 2, while the Nasdaq has gained 5.6%. The stock also underperformed the Nasdaq Composite Index in 2024. Image source: NurPhoto/Getty Images New York-based Datadog, founded in 2010, went public in 2019. It produces software that monitors and secures an enterprise's entire technology infrastructure - including servers, applications, databases, and security systems. The company has benefited from expanding into AI. It offers tools such as LLM Observability to help businesses monitor machine learning models and AI-driven applications in production. Related: Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot In Q1 2025, Datadog generated $761.6 million in revenue, a 25% increase from a year earlier and ahead of the $741.5 million analysts were expecting. Adjusted earnings came in at 46 cents per share, beating estimates closer to 43 cents. The company raised its full-year revenue forecast to between $3.22 billion and $3.24 billion, up from its previous range of $3.18 billion to $3.20 billion. Wall Street had been looking for around $3.20 billion, according to LSEG data pulled by Reuters. Datadog also gave a second-quarter revenue outlook that topped expectations. Its next earnings report is expected in early August. Wedbush analyst Daniel Ives raised the firm's price target on Datadog to $170 from $140 and reiterated an outperform rating following the news, citing "incremental confidence in the company to capitalize on its observability initiatives over the coming years." Ives said Datadog's platform "continues to gain momentum within the observability space, especially with AI front and center." He expects the company to gain more market share with elevated usage for its AI cohort across its enterprise customers. Related: Veteran fund manager sets bold new targets on Palantir, Nvidia stocks "Datadog's new products and features look to complement agentic AI trends following the company's recent partnership with OpenAI," he wrote. "On the software front, Datadog remains one of our favorite names to own, and our recent checks have been very strong as the AI Revolution takes hold." More Wall Street Analysts: Analysts reboot Olive Garden parent's stock price targets as earnings loomAnalysts revamp forecast for Nvidia-backed AI stockIntuitive Surgical analyst raises eyebrows with new stock price target According to TipRanks, the average 12-month price target for Datadog is $140.46, based on ratings from 37 Wall Street analysts. That implies a downside of about 9.5% from the July 3 closing price of $155.15. Related: Cathie Wood buys $20.7 million of surging tech stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store