Disc Medicine to Participate in Upcoming Investor Conferences
WATERTOWN, Mass., May 28, 2025 (GLOBE NEWSWIRE) -- Disc Medicine, Inc. (NASDAQ:IRON), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients suffering from serious hematologic diseases, announced today that company management will participate in fireside chats at two upcoming investor conferences:
Jefferies Global Healthcare Conference on Thursday, June 5th at 10:30 a.m. ET.
Goldman Sachs 46th Annual Global Healthcare Conference on Monday, June 9th at 1:20 p.m. ET.
Live webcasts of the fireside chats will be available through the investor relations section of the Company's website at ir.discmedicine.com and an archived replay will be available after the event.
About Disc Medicine
Disc Medicine (NASDAQ:IRON) is a clinical-stage biopharmaceutical company committed to discovering, developing, and commercializing novel treatments for patients who suffer from serious hematologic diseases. We are building a portfolio of innovative, potentially first-in-class therapeutic candidates that aim to address a wide spectrum of hematologic diseases by targeting fundamental biological pathways of red blood cell biology, specifically heme biosynthesis and iron homeostasis. For more information, please visit www.discmedicine.com.
Media Contact
Peg RusconiDeerfield Grouppeg.rusconi@deerfieldgroup.com
Investor Relations Contact
Christina TartagliaPrecision AQ christina.tartaglia@precisionaq.comSign in to access your portfolio
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Associated Press
19 minutes ago
- Associated Press
ReNew Announces Results for the Fourth Quarter and Full Fiscal Year: Reports 4X Growth in Q4 Net Profit
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Unless otherwise stated, the translation of Indian rupees into U.S. dollars has been made at INR 85.43 to US$ 1.00, which was the noon buying rate in New York City for cable transfer in non-U.S. currencies as certified for customs purposes by the Federal Reserve Bank of New York on March 31, 2025. We make no representation that the Indian rupee or U.S. dollar amounts referred to in this press release could have been converted into U.S. dollars or Indian rupees, as the case may be, at any particular rate or at all. Non-Binding Offer received in December 2024 On December 11, 2024 the Company announced that it has received a non-binding proposal dated December 10, 2024 from Abu Dhabi Future Energy Company PJSC-Masdar ('Masdar'), Canada Pension Plan Investment Board ('CPP Investments'), Platinum Hawk C 2019 RSC Limited as trustee for the Platinum Cactus A 2019 Trust ('Platinum Hawk') (a wholly owned subsidiary of the Abu Dhabi Investment Authority, 'ADIA') and Sumant Sinha (the Founder, Chairman and CEO of ReNew) (together with Masdar, CPP Investments and Platinum Hawk, the 'Consortium') to acquire the entire issued and to be issued share capital of the Company not already owned by members of the Consortium, for cash consideration of US$7.07 per share. As announced at the time of receipt of the non-binding offer, the ReNew Board of Directors formed a Special Committee ('Special Committee') led by Manoj Singh, the Lead Independent Director, consisting of the six independent non-executive ReNew Directors to consider the non-binding proposal. The role of the Special Committee is to constructively explore and evaluate all strategic capitalization / financing opportunities available to the Company, including proposals received, and act in the interests of all shareholders. To assist in these efforts, the Special Committee has retained an independent financial advisor, Rothschild & Co and independent legal counsel, Linklaters LLP. Active discussions with the Consortium are ongoing and the Special Committee will provide an update to the market on the outcome as soon as reasonably practicable. The ReNew Executive Management's primary focus will be to continue to ensure the effective management of the Company and in addition, contribute to the evaluation process, as required by the Special Committee. No assurance can be given regarding the likelihood, terms or details of a potential transaction resulting from the proposal received from the Consortium or any other potential transaction. Further decisions or disclosures by the Special Committee will be made as appropriate or required. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and similar expressions. The Company cautions readers of this press release that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, that could cause the actual results to differ materially from the expected results. These forward-looking statements include statements regarding our future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics, and our expectations regarding any proposal received from the Consortium, including the timing or terms of any transaction with the Consortium or any other alternative transactions. 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Yahoo
19 minutes ago
- Yahoo
Housing starts for May 2025
OTTAWA, ON, June 16, 2025 /CNW/ - The six-month trend in housing starts was flat (0.8%) in May (243,407 units), according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. The total monthly SAAR of housing starts for all areas in Canada was also flat (-0.2%) in May (279,510 units) compared to April (280,181 units). Actual housing starts were up 9% year-over-year in centres with a population of 10,000 or greater, with 23,745 units recorded in May, compared to 21,814 units in May 2024. The year-to-date total was 90,767 up 1% from the same period in 2024. "Growth in actual starts activity in May was once again driven by increases of single-detached homes and purpose-built rentals in Québec and the Prairie provinces. By contrast, weak condominium market conditions in Toronto and Vancouver have contributed to significant declines in overall housing starts in these regions, in line with our recent analysis on these markets,'' said Tania Bourassa-Ochoa, CMHC's Deputy Chief Economist. Key Facts: New housing starts revisions data: In Q3 2024, revisions totaled a net positive 87 units on an original total housing starts of 58,439 units. In Q4 2024, housing starts revisions totaled a net positive 17 units on an original total housing starts of 58,934 units. Housing starts revisions cover all urban centres of 10,000 population or more, reported at the Census Subdivision level on a quarterly basis. The monthly SAAR for Canada's centres with a population of 10,000 or greater was flat in May (259,804 units) compared to April (259,916 units). The rural starts monthly SAAR estimate was 19,706 units. Among Canada's big three cities, Montreal posted an 11% year-over-year increase in actual housing starts compared to May 2024, driven by more multi-unit starts. Vancouver recorded a 10% decrease in starts this month, driven primarily by lower multi-unit starts. A decrease in multi-unit starts also drove the 22% year-over-year decrease in Toronto's housing starts compared to May 2024. Monthly Housing Starts and Other Construction Data are accessible in English and French on our website and the CMHC Housing Market Information Portal. Housing starts data is available on the eleventh business day each month. We will release the June housing starts data on July 15 at 8:15 AM ET. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and to obtain a clearer picture of upcoming new housing supply. In some situations, analyzing only SAAR data can be misleading, as the multi-unit segment largely drives the market and can vary significantly from one month to the next. Read about our definitions and methodology to better understand the foundations of the Starts and Completions and Market Absorption surveys. Housing starts facilitate the analysis of monthly, quarterly, and year-over-year activity in the new home market. The data we collect as part of our Starts and Completions and Market Absorption surveys helps us obtain a clearer picture of upcoming new housing supply and is used as part of our various housing reports. CMHC plays a critical role as a national convenor to promote stability and sustainability in Canada's housing finance system. Our mortgage insurance products support access to home ownership and the creation and maintenance of rental supply. We actively support the Government of Canada in delivering on its commitment to make housing more affordable. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility. Follow us on X (formerly Twitter), YouTube, LinkedIn, Facebook and Instagram. Related Links: Housing starts for April 2025 2025 Housing Market Outlook Condominium Apartment Market Risks in Toronto and Vancouver Solving the housing crisis is a marathon not a sprint High housing costs making it harder to move for jobs many are seeking Canada's potential capacity for housing construction Table 2 Housing Start Data in Centres 10,000 Population and OverJanuary - May 2024 - 2025 AreaSingle-Detached All Others Total Province 2024 2025 % 2024 2025 % 2024 2025 % N.L.158 195 23 67 139 107 225 334 48 P.E.I. 66 97 47 414 393 -5 480 490 2 N.S. 514 427 -17 2,685 2,752 2 3,199 3,179 -1 N.B. 220 209 -5 1,262 1,167 -8 1,482 1,376 -7 Atlantic958 928 -3 4,428 4,451 1 5,386 5,379 0 Que. 1,520 1,639 8 12,664 19,633 55 14,184 21,272 50 Ont. 4,358 3,308 -24 26,332 18,524 -30 30,690 21,832 -29 Man. 613 883 44 1,241 1,641 32 1,854 2,524 36 Sask. 370 639 73 775 1,750 126 1,145 2,389 109 Alta. 5,363 6,376 19 12,355 16,136 31 17,718 22,512 27 Prairies6,346 7,898 24 14,371 19,527 36 20,717 27,425 32 B.C. 1,630 1,433 -12 17,314 13,426 -22 18,944 14,859 -22 Canada14,812 15,206 3 75,109 75,561 1 89,921 90,767 1 Metropolitan AreasAbbotsford-Mission 71 58 -18 442 902 104 513 960 87 Barrie164 45 -73 89 121 36 253 166 -34 Belleville - Quinte West68 43 -37 83 165 99 151 208 38 Brantford87 104 20 13 933 ## 100 1,037 ## Calgary2,624 2,969 13 6,588 9,443 43 9,212 12,412 35 Chilliwack58 54 -7 156 241 54 214 295 38 Drummondville55 91 65 176 337 91 231 428 85 Edmonton2,221 2,798 26 4,752 5,381 13 6,973 8,179 17 Fredericton63 46 -27 71 234 230 134 280 109 Greater/Grand Sudbury38 15 -61 24 74 208 62 89 44 Guelph18 8 -56 134 25 -81 152 33 -78 Halifax276 266 -4 2,455 2,555 4 2,731 2,821 3 Hamilton128 74 -42 882 691 -22 1,010 765 -24 Kamloops54 46 -15 104 110 6 158 156 -1 Kelowna118 105 -11 1,986 1,047 -47 2,104 1,152 -45 Kingston65 62 -5 59 218 269 124 280 126 Kitchener-Cambridge-Waterloo167 116 -31 889 1,055 19 1,056 1,171 11 Lethbridge89 124 39 168 180 7 257 304 18 London187 169 -10 1,328 251 -81 1,515 420 -72 Moncton64 66 3 797 809 2 861 875 2 Montréal397 468 18 6,014 9,495 58 6,411 9,963 55 Nanaimo66 33 -50 566 123 -78 632 156 -75 Oshawa190 105 -45 622 146 -77 812 251 -69 Ottawa-Gatineau 600 635 6 3,080 4,604 49 3,680 5,239 42 Gatineau129 97 -25 1,246 1,015 -19 1,375 1,112 -19 Ottawa471 538 14 1,834 3,589 96 2,305 4,127 79 Peterborough36 22 -39 16 3 -81 52 25 -52 Québec203 286 41 2,556 3,924 54 2,759 4,210 53 Red Deer27 48 78 242 197 -19 269 245 -9 Regina74 131 77 467 721 54 541 852 57 Saguenay87 84 -3 88 201 128 175 285 63 St. Catharines-Niagara328 160 -51 484 468 -3 812 628 -23 Saint John48 54 13 244 77 -68 292 131 -55 St. John's132 183 39 61 135 121 193 318 65 Saskatoon269 471 75 304 968 218 573 1,439 151 Sherbrooke106 91 -14 373 435 17 479 526 10 Thunder Bay14 14 - 32 31 -3 46 45 -2 Toronto1,465 1,105 -25 18,217 9,769 -46 19,682 10,874 -45 Trois-Rivières54 71 31 406 539 33 460 610 33 Vancouver757 754 0 11,754 8,938 -24 12,511 9,692 -23 Victoria121 83 -31 1,451 1,296 -11 1,572 1,379 -12 Windsor105 108 3 597 139 -77 702 247 -65 Winnipeg520 794 53 1,171 1,481 26 1,691 2,275 35 Total12,214 12,959 6 69,941 68,462 -2 82,155 81,421 -1 1Data for 2022 based on 2016 Census Definitions and data for 2023, 2024 and 2025 based on 2021 Census CMHC Starts and Completion Survey, Market Absorption SurveyHousing Start Data in Centres 10,000 Population and Over Single-Detached All Others Total May 2024 May 2025 % May 2024 May 2025 % May 2024 May 2025 % Provinces (10,000+)N.-L. 52 68 31 14 33 136 66 101 53 P.E.I. 34 30 -12 100 8 -92 134 38 -72 N.S. 116 103 -11 546 580 6 662 683 3 N.B. 104 92 -12 534 439 -18 638 531 -17 Atlantic 306 293 -4 1,194 1,060 -11 1,500 1,353 -10 Qc 470 478 2 4,328 6,244 44 4,798 6,722 40 Ont. 1,165 901 -23 6,091 4,816 -21 7,256 5,717 -21 Man. 134 193 44 94 512 445 228 705 ## Sask. 113 185 64 39 280 ## 152 465 ## Alta. 1,328 1,503 13 2,820 4,260 51 4,148 5,763 39 Prairies 1,575 1,881 19 2,953 5,052 71 4,528 6,933 53 B.C. 396 336 -15 3,336 2,684 -20 3,732 3,020 -19 Canada (10,000+) 3,912 3,889 -1 17,902 19,856 11 21,814 23,745 9 Metropolitan AreasAbbotsford-Mission 16 18 13 125 45 -64 141 63 -55 Barrie 27 24 -11 60 23 -62 87 47 -46 Belleville - Quinte West 18 11 -39 4 0 ### 22 11 -50 Brantford 26 16 -38 0 353 ## 26 369 ## Calgary 617 641 4 1,379 2,398 74 1,996 3,039 52 Chilliwack 13 16 23 13 4 -69 26 20 -23 Drummondville 13 19 46 61 83 36 74 102 38 Edmonton 577 706 22 1,253 1,517 21 1,830 2,223 21 Fredericton 32 21 -34 64 109 70 96 130 35 Greater/Grand Sudbury ... 6 7 17 22 69 214 28 76 ## Guelph 8 1 -88 0 18 ## 8 19 ## Halifax 60 56 -7 466 488 5 526 544 3 Hamilton 21 19 -10 429 66 -85 450 85 -81 Kamloops 21 5 -76 87 4 -95 108 9 -92 Kelowna 32 33 3 1,020 379 -63 1,052 412 -61 Kingston 10 15 50 20 2 -90 30 17 -43 Kitchener-Cambridge-Waterloo 37 20 -46 30 37 23 67 57 -15 Lethbridge 39 42 8 19 38 100 58 80 38 London 58 27 -53 99 26 -74 157 53 -66 Moncton 28 36 29 367 262 -29 395 298 -25 Montréal 143 121 -15 2,259 2,556 13 2,402 2,677 11 Nanaimo 15 4 -73 12 18 50 27 22 -19 Oshawa 87 41 -53 82 44 -46 169 85 -50 Ottawa-Gatineau 194 113 -42 1,344 933 -31 1,538 1,046 -32 Gatineau 44 30 -32 776 389 -50 820 419 -49 Ottawa 150 83 -45 568 544 -4 718 627 -13 Peterborough 7 4 -43 2 0 ### 9 4 -56 Québec 54 93 72 587 1,952 233 641 2,045 ## Red Deer 7 8 14 5 180 ## 12 188 ## Regina 21 32 52 17 28 65 38 60 58 Saguenay 25 26 4 11 50 355 36 76 ## St. Catharines-Niagara 117 60 -49 186 78 -58 303 138 -54 Saint John 23 20 -13 26 50 92 49 70 43 St. John's 43 62 44 11 30 173 54 92 70 Saskatoon 86 145 69 22 249 ## 108 394 ## Sherbrooke 32 21 -34 90 55 -39 122 76 -38 Thunder Bay 11 9 -18 2 11 450 13 20 54 Toronto 290 310 7 4,190 3,202 -24 4,480 3,512 -22 Trois-Rivières 29 21 -28 129 313 143 158 334 ## Vancouver 182 180 -1 1,789 1,593 -11 1,971 1,773 -10 Victoria 28 14 -50 122 362 197 150 376 ## Windsor 31 33 6 86 31 -64 117 64 -45 Winnipeg 106 174 64 81 499 ## 187 673 ## Total 3,190 3,224 1 16,571 18,155 10 19,761 21,379 8 Data for 2022 based on 2016 Census Definitions and data for 2023, 2024 and 2025 based on 2021 Census Definitions. Source: CMHC Starts and Completion Survey, Market Absorption Survey## not calculable / extreme valueHousing Start Data - Seasonally Adjusted at Annual Rates (SAAR)Single-Detached All Others TotalApril 2025 May 2025 % April 2025 May 2025 % April 2025 May 2025 % Provinces (10,000+)N.L. 808 773 -4 703 367 -48 1,511 1,140 -25 P.E.I. 314 230 -27 1,656 96 -94 1,970 326 -83 N.S. 1,435 1,407 -2 10,771 6,916 -36 12,206 8,323 -32 N.B. 811 980 21 1,592 5,031 216 2,403 6,011 150 Qc 4,706 4,538 -4 46,937 56,759 21 51,643 61,297 19 Ont. 10,275 10,066 -2 54,112 56,115 4 64,387 66,181 3 Man. 2,789 2,332 -16 2,712 6,144 127 5,501 8,476 54 Sask. 1,699 1,960 15 5,760 3,360 -42 7,459 5,320 -29 Alta. 18,208 16,575 -9 43,503 50,511 16 61,711 67,086 9 B.C. 3,595 3,657 2 47,530 31,987 -33 51,125 35,644 -30 Canada (10,000+) 44,640 42,518 -5 215,276 217,286 1 259,916 259,804 0 Canada (All Areas) 58,609 55,161 -6 221,572 224,350 1 280,181 279,510 0 Metropolitan Areas Abbotsford-Mission 51 138 ## 2,424 540 -78 2,475 678 -73 Barrie 47 269 ## 408 276 -32 455 545 20 Belleville - Quinte West 157 97 -38 0 0 - 157 97 -38 Brantford 384 0 ## 3,228 4,236 31 3,612 4,236 17 Calgary 9,215 7,185 -22 27,372 28,776 5 36,587 35,961 -2 Chilliwack 70 181 ## 70 48 -31 1,522 229 -85 Drummondville 261 210 -20 684 996 46 945 1,206 28 Edmonton 7,275 7,385 2 15,084 18,204 21 22,359 25,589 14 Fredericton 221 242 10 0 1,308 ## 221 1,550 ## Greater/Grand Sudbury 56 87 55 0 828 ## 56 915 ## Guelph 51 2 -96 72 216 200 123 218 77 Halifax 698 797 14 10,320 5,856 -43 11,018 6,653 -40 Hamilton 359 217 -40 2,148 792 -63 2,507 1,009 -60 Kamloops 55 46 -16 48 48 - 103 94 -9 Kelowna 232 366 58 2,124 4,548 114 2,356 4,914 109 Kingston 233 226 -3 396 24 -94 629 250 -60 Kitchener-Cambridge-Waterloo 343 238 -31 2,748 444 -84 3,091 682 -78 Lethbridge 280 496 77 240 456 90 520 952 83 London 646 276 -57 360 312 -13 1,006 588 -42 Moncton 229 290 27 1,512 3,144 108 1,741 3,434 97 Montréal 1,311 1,241 -5 21,593 30,375 41 22,904 31,616 38 Nanaimo 84 41 -51 216 216 - 300 257 -14 Oshawa 387 356 -8 420 528 26 807 884 10 Ottawa-Gatineau 2,117 1,155 -45 16,968 11,196 -34 19,085 12,351 -35 Gatineau 369 341 -8 1,476 4,668 216 1,845 5,009 171 Ottawa 1,748 814 -53 15,492 6,528 -58 17,240 7,342 -57 Peterborough 15 74 ## 0 0 - 15 74 393 Québec 659 952 44 7,452 23,424 214 8,111 24,376 201 Red Deer 147 95 -35 0 2,160 ## 147 2,255 ## Regina 278 390 40 3,144 336 -89 3,422 726 -79 Saguenay 284 249 -12 156 600 285 440 849 93 St. Catharines-Niagara 286 407 42 672 936 39 958 1,343 40 Saint John 168 196 17 12 600 ## 180 796 342 St. John's 721 663 -8 648 360 -44 1,369 1,023 -25 Saskatoon 1,231 1,462 19 2,580 2,988 16 3,811 4,450 17 Sherbrooke 357 225 -37 1,944 660 -66 2,301 885 -62 Thunder Bay 108 108 - 0 132 ## 108 240 122 Toronto 3,565 4,478 26 24,492 38,424 57 28,057 42,902 53 Trois-Rivières 188 141 -25 804 3,756 367 992 3,897 293 Vancouver 1,838 1,978 8 34,968 19,116 -45 36,806 21,094 -43 Victoria 211 170 -19 4,452 4,344 -2 4,663 4,514 -3 Windsor 352 404 15 420 372 -11 772 776 1 Winnipeg 2,527 2,026 -20 2,388 5,988 151 4,915 8,014 63 Data for 2022 based on 2016 Census Definitions and data for 2023, 2024 and 2025 based on 2021 Census Definitions. Source: CMHC Starts and Completion Survey, Market Absorption Survey## not calculable / extreme value SOURCE Canada Mortgage and Housing Corporation (CMHC) View original content to download multimedia:
Yahoo
19 minutes ago
- Yahoo
OMS Energy Technologies Inc. Issues Post-IPO Operational Update Featuring Customer Growth, Expansion Initiatives and R&D and Safety Achievements
SINGAPORE, June 16, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. ('OMS' or the 'Company') (Nasdaq: OMSE), a growth-oriented manufacturer of surface wellhead systems ('SWS') and oil country tubular goods ('OCTG') for the oil and gas industry, today provided a business update outlining its recent accomplishments as the Company prepares for its inaugural earnings call following its successful Nasdaq listing in May 2025. Operational Highlights New order win in Angola and renewed contract in Thailand; Southeast Asia emerging as driving force in customer acquisition Expanding business footprint and growing talent pool R&D achievements and partnerships steadily enriching product portfolio Consistent enhancements to occupational health, safety and environmental management Development initiatives fostering revenue diversification and enhancing financial stability Mr. How Meng Hock, CEO of OMS Energy Technologies Inc., commented, 'We're excited to begin our journey as a public company with a healthy operational foundation, underscored by thriving customer relationships and partnerships, an expanding brand presence and cutting-edge R&D and manufacturing capabilities. We are also supported by a strong balance sheet and a deep commitment to prudent financial management, positioning us to quickly and flexibly execute our development strategy when suitable opportunities arise. With our focus on exceptional service and dedication to crafting superior products, we're confident of delivering innovative solutions to a growing, global customer base, creating value for all of our stakeholders.' Customer Growth and Diversification Offering a broad array of highly engineered products and customizable solutions for the oil and gas industry, OMS is anchored by a solid base of long-term contracts and longstanding relationships with global and local oil companies, drilling contractors, E&P and oilfield service providers across the Asia Pacific, Middle East and North Africa (MENA), and West African regions. The Company recently entered the Angola market and has secured a letter of award through its Middle East representative for the supply of surface wellhead systems to Grupo Simples Oil in the Onshore Kwanza Basin Block of KON-06 in Angola, expanding its brand presence in West Africa. In the Indonesian market, the Company's marketing efforts are attracting new customers, such as PT Seleraya Belida (South Sumatra) and Pertamina Hulu Sanga Sanga (East Kalimantan), and driving steady growth in sales of surface wellhead and Christmas tree products. OMS' existing customer base continues to exhibit strong loyalty. In June, PTTEP, a long-term customer in the Thailand market, signed a new three-year agreement effective July 1, 2025, further stabilizing the Company's revenue base. The Company also inked a 10-year supply agreement with Saudi Aramco in early 2024, projected to generate an estimated $120 to $200 million annually. Moreover, the Company's annual price agreement with Halliburton continues to fuel robust order volumes at its Malaysia and Singapore facilities. Geographic and Talent Pool Expansion OMS boasts a broad geographic footprint in the oil-rich Asia Pacific and MENA regions, with 11 manufacturing facilities strategically situated across six countries (Singapore, Malaysia, Brunei, Saudi Arabia, Thailand, and Indonesia). By hiring local citizens, producing products and services within these jurisdictions, and sourcing high-value materials locally, the Company establishes eligibility to participate in government tenders and contracts, boosting its competitive edge. Employing locals also helps the Company meet the requirements of localization programs such as IKTVA in Saudi Arabia and TKDN in Indonesia while enriching its talent pool. The Company is exploring new operating jurisdictions to increase market share and extending its reach globally through a growing number of export countries. Product Development & Manufacturing Advancements OMS's $1.1 million investment in Additive Manufacturing (AM) research is propelling progress in the development of a metallic seal for the Company's high-pressure-high temperature (HPHT) gate valves, a technological breakthrough that promises to promote innovation, improve supply chain efficiency and enable better material selection for critical components. To date, OMS has completed Phase 1 of its proof of concept, covering material selection, additive manufacturing methodology and stress analysis on the part for fit, form and function for using this method. The Company continues to invest in R&D, forging partnerships with top institutions such as the Singapore Institute of Manufacturing and Technology (SIMTech) to remain at the forefront of industry innovation. Meanwhile, the Company is steadily delivering on orders placed under its long-term agreements with Saudi Aramco and Halliburton Malaysia and Singapore, leveraging its precision manufacturing expertise and strategically-located facilities to produce mission-critical products and custom solutions with shorter lead times. A healthy, balanced manufacturing capacity utilization level empowers OMS to seamlessly meet rising demand from new and existing customers. Occupational Health, Safety and Environmental Management Enhancements Safety and environmental protection are critical to the oil and gas industry and a key cornerstone of OMS' operations. The Company holds ISO 9001 and API Q1 quality management system certifications for all of its manufacturing sites, as well as ISO 45001-Occupational Health and Safety Management System and ISO 14001-Environmental Management System certifications. The Company recently completed the annual surveillance audit required to maintain its ISO 45001 and ISO 14001 certifications, a crucial step in the Company's ongoing implementation of ESG programs. Strategic Development Initiatives Sustainable, long-term growth remains OMS' top priority. The Company's R&D collaboration with Singapore's Agency for Science, Technology and Research (A*STAR) and SIMTech reflects its commitment to environmental sustainability, covering life cycle analysis, energy efficiency monitoring and digital transformation and innovation. OMS is also actively exploring growth and revenue diversification through acquisitions, joint ventures and strategic alliances. By driving development both organically and externally, OMS is creating a more resilient and balanced portfolio, strengthening the backbone of its business. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company's 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers. For more information, please visit Forward-Looking Statements The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the initial public offering. When used in this press release, words such as 'expect,' 'project,' 'estimate,' 'believe,' 'anticipate,' 'intend,' 'budget,' 'plan,' 'seek,' 'envision,' 'forecast,' 'target,' 'predict,' 'may,' 'should,' 'would,' 'could,' and 'will,' as well as the negative of these terms and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in OMS's prospectus. OMS undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. For investor and media inquiries, please contact: OMS Energy Technologies RelationsEmail: ir@ Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: oms@ Hui FanTel: +86-10-6508-0677Email: oms@ 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