Sunwoda Energy Debuts ST Series 48V Smart Lithium Battery at MWC 2025
Barcelona, Spain, March 11, 2025 -- On March 3, Sunwoda Energy, a full-industrial-chain energy storage solution provider, showcased its full range of Network Energy Solutions tailored for communication infrastructure and data center applications at MWC Barcelona 2025. During the event, the company unveiled its groundbreaking ST Series 48V Smart Lithium Battery for mission-critical communication infrastructure.
ST Series 48V Lithium Battery: Engineered for Mission-Critical Connectivity
Based on its extensive years of in-depth expertise in the network energy domain and a profound understanding of market demand, Sunwoda Energy is proud to officially debut its self-developed ST Series 48V Smart Lithium Battery. This series integrates the innovative i-Base Cloud Platform, which leverages digitalization to optimize lithium battery management and application. Specifically designed for mission-critical scenarios like communication base stations, the new-generation series delivers enhanced energy efficiency and streamlined operational maintenance. This advancement underscores Sunwoda Energy's leadership in driving the ICT industry toward a cleaner, smarter, and more efficient energy future.
Core Innovations:
1. High Flexibility
The ST Series 48V Smart Lithium Battery offers three options (100Ah/150Ah/200Ah). With functional module design, the ST series supports customizable functions comprehensively, such as SNMP Interface, GPS tracking, and heating film, catering to diverse market demands in Europe, the Middle East, Africa, etc.
2. High Safety
The product features industrially advanced technologies: 'Gyroscope Anti-theft + Communication Anti-theft + GPS Function.' This triple-layer anti-theft technology detects displacement in real time, locks the location, and triggers an alarm within a short time. Additionally, the product can be equipped with a heating film and other protective designs to withstand extreme environmental challenges.
3. High Intelligence
Equipped with Sunwoda Energy's self-developed i-Base Cloud Platform, the series enables battery status visualization and supports real-time monitoring and remote maintenance. It provides users with a smart battery management system solution that is visible, manageable, and capable of remote firmware upgrades. This significantly reduces the total cost of ownership and empowers operators to achieve a win-win situation in low-carbon transformation and business value.
SSI Series High-Voltage Lithium Battery System: Powering Data Center Resilience
For high-power short-term backup demands in data centers, Sunwoda Energy introduced the SSI Series high-voltage lithium battery system at the event. It is configured at 512V/140Ah with 5C discharge capabilities and combines proprietary high-rate cells, a triple-layer BMS architecture, and pack-level fire protection technology to deliver secure and intelligent backup solutions for government, finance, and mission-critical sectors. Having achieved mass overseas deployment in 2024 with flawless on-site testing, the product exemplifies Sunwoda Energy's efficient delivery capabilities.
Network Energy Solutions: Fortifying Reliable Energy Network
Sunwoda Energy, as a full industrial chain energy storage solution provider with nearly three decades of battery manufacturing experience from its parent company, has a comprehensive and strategic layout in the energy storage market. Starting from its core competencies in cells, PACK, BMS, EMS, and system integration, the company has successfully carved out a significant niche in the network energy segment, a crucial sub-market. With years of cultivation, Sunwoda Energy provides a full range of Network Energy solutions of 48V low voltage smart lithium battery (100Ah-200Ah) for the telecom sector and high voltage energy storage system to meet the 1KVA-800KVA UPS/HVDC backup power demand in data center and other application scenarios.
In the overseas market, Sunwoda Energy's influence is on the continuous rise. At MWC25, Sunwod Energy signed a cooperation framework agreement with T3 Technology, a digital service provider in Thailand. The partnership mainly focuses on providing customized communication energy solutions to Thailand's top-tier operators. This move not only demonstrates Sunwoda Energy's determination to expand its presence in the Southeast Asian market but also its commitment to promoting global sustainable development through innovative energy storage solutions.
About Sunwoda Energy
Sunwoda Energy, leveraging nearly 30 years of battery manufacturing expertise from its parent company, Sunwoda Electronic Co., Ltd. is a full industrial chain energy storage solution provider specializing in lithium battery storage integration and application technologies. Through its expertise in cells, PACK, BMS, EMS, and system integration, the company delivers integrated energy storage solutions for utility-scale, commercial & industrial, and residential applications, as well as network energy and smart energy, to drive innovation for a more sustainable energy future.
Contact Info:
Name: Chen Jiayi
Email: Send Email
Organization: Sunwoda
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
2 hours ago
- Hamilton Spectator
WSP to acquire Ricardo, a global strategic and engineering consultancy firm
MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) ('WSP' or the 'Corporation'), one of the world's leading professional services firms, announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc ('Ricardo') for 430 pence (the 'Offer Price') per share (the 'Acquisition'). This Acquisition underscores WSP's commitment to expanding its footprint in high-growth sectors worldwide. Headquartered in the United Kingdom, Ricardo is a global consulting firm delivering strategic, advisory, and engineering solutions that intersect the global transport, energy, and environment agendas. Operating in over 20 countries, Ricardo is home to approximately 2,700 experts based across Europe, Australia, North America, Asia, and the Middle East. Its activities are grouped under two main portfolios: Over the last few years, Ricardo has been reorienting its business to become a leading strategic and engineering consultancy firm, focused on its EE and Rail portfolio. Under WSP's ownership, Ricardo will continue its ongoing strategic review of the A&I and PP business units. While no firm decisions have been taken, the outcome of the strategic review is likely to result in a sale of the A&I and PP businesses at the appropriate time. This Acquisition represents an excellent opportunity for WSP to progress its 2025-2027 Global Strategic Action Plan and accelerate its expansion in targeted high-growth areas. Specialized and differentiated, Ricardo's value-added expertise in rail, air quality, water management, energy resilience, policy strategy, and advisory supplements and elevates WSP's offering in core market sectors. Geographically, Ricardo matches up well with WSP's existing footprint and further strengthens its presence in several key markets, including the UK, Australia, and the Netherlands. 'The proposed acquisition of Ricardo perfectly aligns with WSP's vision for sustainable, compounding growth and our clear ambitions to expand in advisory, energy transition, water solutions, and the rail sector over the next three years,' expressed Alexandre L'Heureux, President and CEO of WSP. 'We are poised to enhance our ability to deliver innovative solutions as we combine our global reach and resources with Ricardo's complementary expertise. Moreover, the shared entrepreneurial spirit and technical excellence between our teams position us to create further value for our clients. We look forward to welcoming Ricardo's talented professionals to WSP and seizing new opportunities with our broadened service offering.' The Acquisition reflects an enterprise value of approximately £363.1 million (approximately $670 million), which represents a multiple of 10.4x Ricardo's pre-IFRS 16 underlying EBITDA1 for the 12-month period ended December 31, 2024, based on Ricardo's continuing operations after the divestment of their defense business and including the full year contribution of their acquisition of E3A Advisory PTY Ltd. For further details regarding this announcement, readers are referred to the firm offer announcement in respect of the Acquisition (the 'Announcement') previously released in the United Kingdom on the date hereof in accordance with Rule 2.7 of the UK City Code on Takeovers and Mergers and which can be found on WSP's website at . This press release should be read in conjunction with, and is subject to, the full text of the Announcement. ACQUISITION AND TIMETABLE WSP has reached an agreement with the board of Ricardo on the terms of a recommended cash acquisition pursuant to which a wholly owned subsidiary of WSP will acquire the entire issued and to be issued share capital of Ricardo at the Offer Price, excluding a 19.9% interest in Ricardo which WSP will acquire from Science Group plc at the Offer Price on or around June 16, 2025 pursuant to a share purchase agreement dated as of the date hereof (the 'Scheme Acquisition'). WSP has also received undertakings from each of Ricardo's directors and some of its major shareholders in respect of a total number of shares representing in the aggregate approximately 45.1% of Ricardo's issued share capital on June 10, 2025, as well as a letter of intent from a shareholder in respect of a total number of shares representing approximately 3% of Ricardo's issued share capital on June 10, 2025, to vote in favor of the Scheme Acquisition at the Ricardo shareholder meetings to be convened in connection with the Scheme. It is intended that the Scheme Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement (the 'Scheme') under Part 26 of the UK Companies Act 2006. The purpose of the Scheme is to provide for WSP to, indirectly, via a wholly-owned subsidiary, become the owner of the entire issued and to be issued share capital of Ricardo, other than the shares which WSP will have acquired from Science Group on or around June 16, 2025. Details of the proposed Scheme Acquisition will be sent to Ricardo shareholders within 28 days of the date of the Announcement (unless the Panel on Takeovers and Mergers under the U.K. City Code on Takeovers and Mergers agrees otherwise). Subject, amongst other things, to the satisfaction or waiver of the conditions, the approval of the Scheme by the Ricardo shareholders, the receipt of applicable regulatory approvals and the Court's sanction of the Scheme, it is expected that the Acquisition will be completed in Q4 2025. ACQUISITION FINANCING Concurrently with the announcement of the Acquisition, WSP has obtained a fully committed 'certain funds' £230 million term loan facility (the 'New Credit Facility') (approximately $425 million). The remaining portion of the cash consideration for the Acquisition will be financed through cash on hand and existing credit facilities. Royal Bank of Canada is acting as lead arranger and sole bookrunner with respect to the New Credit Facility. The New Credit Facility is designed to ensure compliance with the 'certain funds' requirements from the announcement of the Scheme Acquisition under the UK City Code on Takeovers and Mergers. FINANCIAL AND LEGAL ADVISORS RBC Capital Markets is acting as financial advisor to WSP on the Acquisition. Legal advice is being provided to WSP by Linklaters LLP internationally. FORWARD-LOOKING STATEMENTS In addition to disclosure of historical information, WSP may make or provide statements or information in this press release that are not based on historical or current facts and which are considered to be forward-looking information or forward-looking statements (collectively, 'forward-looking statements') under Canadian securities laws. These forward-looking statements relate to future events or future performance and reflect the expectations of management of WSP ('Management') regarding, without limitation, the growth, results of operations, performance and business prospects and opportunities of WSP or the trends affecting its industry. Forward-looking statements in this press release include, without limitation, statements about the pending Acquisition by WSP of Ricardo; the conditions precedent to the closing of the Scheme Acquisition; the expected closing date of the Scheme Acquisition; the New Credit Facility; the acquisition of shares from Science Group plc and the timing thereof; the attractiveness of the Acquisition from a financial and strategic perspective; the result of the strategic review of the A&I and PP businesses and the likely outcome of a sale of those business units; other anticipated benefits of the Acquisition and their expected impact on WSP's delivery of its strategic plan and its long-term vision, future growth, results of operations, performance, business, prospects and opportunities, WSP's business outlook, objectives, development, plans, growth strategies and other strategic priorities, and WSP's leadership position in its markets; and statements relating to WSP's future growth, results of operations, performance business, prospects and opportunities. Forward-looking statements can typically be identified by terminology such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'estimate', 'predict', 'forecast', 'project', 'intend', 'target', 'potential', 'continue' or the negative of these terms or terminology of a similar nature. Such forward-looking statements reflect current beliefs of Management and are based on certain factors and assumptions, which by their nature are subject to inherent risks and uncertainties. While WSP considers these factors and assumptions to be reasonable based on information available as at the date of this press release, actual events or results could differ materially from the results, predictions, forecasts, conclusions or projections expressed or implied in the forward-looking statements. Forward-looking statements made by WSP are based on a number of assumptions believed by WSP to be reasonable as at the date of this press release, including assumptions about the satisfaction of all closing conditions; the expected timing of completion of the Acquisition and the conditions precedent to the closing of the Scheme Acquisition (including the approval of the Scheme by the Ricardo shareholders, the receipt of applicable regulatory approvals and the Court's sanction of the Scheme); WSP's ability to retain and attract new business, achieve synergies and maintain market positions arising from successful integration plans relating to the Acquisition; WSP's ability to otherwise complete the integration of Ricardo within anticipated time periods and at expected cost levels; WSP's ability to attract and retain key employees in connection with the Acquisition; Management's estimates and expectations in relation to future economic and business conditions and other factors in relation to the Acquisition and resulting impact on growth and various other financial metrics; Management's expectations in relation to the future performance and economic conditions and other factors in relation to Ricardo; the realization of the expected strategic, financial and other benefits of the Acquisition in the timeframe anticipated; the accuracy and completeness of the information (including financial information) provided by Ricardo and publicly available information; the absence of significant undisclosed costs or liabilities associated with the Acquisition; WSP or Ricardo being adversely impacted during the pendency of the Acquisition; and other factors discussed or referred to in the 'Risk Factors' section of WSP's Management's Discussion and Analysis for the fourth quarter and year ended December 31, 2024 (the '2024 MD&A'), and WSP's Management's Discussion and Analysis for the three-month period ended March 29, 2025 (the 'Q1 2025 MD&A' and together with the 2024 MD&A, the 'MD&As') and filed on SEDAR+ at . If any of these assumptions prove to be inaccurate, WSP's actual results could differ materially from those expressed or implied in forward-looking statements. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. For additional information on this cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect WSP's actual or projected results, reference is made to the MD&As, which are available on SEDAR+ at . The forward-looking statements contained in this press release are made as of the date hereof and except as required under applicable securities laws, WSP does not undertake to update or revise these forward-looking statements, whether written or verbal, that may be made from time to time by itself or on its behalf, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by these cautionary statements, as well as other risks detailed from time to time in reports filed by the Corporation with securities regulators or securities commissions or other documents that the Corporation makes public, which may cause events or results to differ materially from the results expressed or implied in any forward-looking statement. As such, there can be no assurance that actual results will be consistent with forward-looking statements. About WSP WSP is one of the world's leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals, known as Visioneers. Together they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP is publicly listed on the Toronto Stock Exchange (TSX:WSP). About Ricardo Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 110 years of engineering excellence and approximately 2,700 employees in more than 20 countries, Ricardo provides exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and environmental services, together with safe and smart mobility. Its global team of consultants, environmental specialists, engineers, and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. All dollar figures in this press release are Canadian dollars unless otherwise indicated. Where financial information of Ricardo has been converted from British pounds sterling to Canadian dollars for purposes of comparison to and combination with, financial information of WSP, British pounds sterling have been converted to Canadian dollars at an exchange rate of $1.8462 Canadian dollars per £1.00. 1 Ricardo's pre-IFRS 16 underlying EBITDA means earnings before finance expense, income tax expense, depreciation, and amortization, and includes rent expense and the benefit of major restructuring programs, but excludes significant costs (such as acquisition-related expenditures, reorganization costs, and other specific adjusting items).
Yahoo
2 hours ago
- Yahoo
WSP to acquire Ricardo, a global strategic and engineering consultancy firm
MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) ('WSP' or the 'Corporation'), one of the world's leading professional services firms, announces that it has reached agreements to acquire the entire issued and to be issued share capital of Ricardo plc ('Ricardo') for 430 pence (the 'Offer Price') per share (the 'Acquisition'). This Acquisition underscores WSP's commitment to expanding its footprint in high-growth sectors worldwide. Headquartered in the United Kingdom, Ricardo is a global consulting firm delivering strategic, advisory, and engineering solutions that intersect the global transport, energy, and environment agendas. Operating in over 20 countries, Ricardo is home to approximately 2,700 experts based across Europe, Australia, North America, Asia, and the Middle East. Its activities are grouped under two main portfolios: Future-focused air quality, water management, energy resilience, policy strategy, and advisory services ('EE') and Rail and Mass Transit ('Rail') business segments supported by approximately 1,700 professionals; and Automotive and Industrial ('A&I') and Performance Products ('PP') business segments, with approximately 1,000 professionals delivering propulsion design and systems engineering services, with niche manufacturing capabilities. Over the last few years, Ricardo has been reorienting its business to become a leading strategic and engineering consultancy firm, focused on its EE and Rail portfolio. Under WSP's ownership, Ricardo will continue its ongoing strategic review of the A&I and PP business units. While no firm decisions have been taken, the outcome of the strategic review is likely to result in a sale of the A&I and PP businesses at the appropriate time. This Acquisition represents an excellent opportunity for WSP to progress its 2025-2027 Global Strategic Action Plan and accelerate its expansion in targeted high-growth areas. Specialized and differentiated, Ricardo's value-added expertise in rail, air quality, water management, energy resilience, policy strategy, and advisory supplements and elevates WSP's offering in core market sectors. Geographically, Ricardo matches up well with WSP's existing footprint and further strengthens its presence in several key markets, including the UK, Australia, and the Netherlands. 'The proposed acquisition of Ricardo perfectly aligns with WSP's vision for sustainable, compounding growth and our clear ambitions to expand in advisory, energy transition, water solutions, and the rail sector over the next three years,' expressed Alexandre L'Heureux, President and CEO of WSP. 'We are poised to enhance our ability to deliver innovative solutions as we combine our global reach and resources with Ricardo's complementary expertise. Moreover, the shared entrepreneurial spirit and technical excellence between our teams position us to create further value for our clients. We look forward to welcoming Ricardo's talented professionals to WSP and seizing new opportunities with our broadened service offering.' The Acquisition reflects an enterprise value of approximately £363.1 million (approximately $670 million), which represents a multiple of 10.4x Ricardo's pre-IFRS 16 underlying EBITDA1 for the 12-month period ended December 31, 2024, based on Ricardo's continuing operations after the divestment of their defense business and including the full year contribution of their acquisition of E3A Advisory PTY Ltd. For further details regarding this announcement, readers are referred to the firm offer announcement in respect of the Acquisition (the 'Announcement') previously released in the United Kingdom on the date hereof in accordance with Rule 2.7 of the UK City Code on Takeovers and Mergers and which can be found on WSP's website at This press release should be read in conjunction with, and is subject to, the full text of the Announcement. ACQUISITION AND TIMETABLEWSP has reached an agreement with the board of Ricardo on the terms of a recommended cash acquisition pursuant to which a wholly owned subsidiary of WSP will acquire the entire issued and to be issued share capital of Ricardo at the Offer Price, excluding a 19.9% interest in Ricardo which WSP will acquire from Science Group plc at the Offer Price on or around June 16, 2025 pursuant to a share purchase agreement dated as of the date hereof (the 'Scheme Acquisition'). WSP has also received undertakings from each of Ricardo's directors and some of its major shareholders in respect of a total number of shares representing in the aggregate approximately 45.1% of Ricardo's issued share capital on June 10, 2025, as well as a letter of intent from a shareholder in respect of a total number of shares representing approximately 3% of Ricardo's issued share capital on June 10, 2025, to vote in favor of the Scheme Acquisition at the Ricardo shareholder meetings to be convened in connection with the Scheme. It is intended that the Scheme Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement (the 'Scheme') under Part 26 of the UK Companies Act 2006. The purpose of the Scheme is to provide for WSP to, indirectly, via a wholly-owned subsidiary, become the owner of the entire issued and to be issued share capital of Ricardo, other than the shares which WSP will have acquired from Science Group on or around June 16, 2025. Details of the proposed Scheme Acquisition will be sent to Ricardo shareholders within 28 days of the date of the Announcement (unless the Panel on Takeovers and Mergers under the U.K. City Code on Takeovers and Mergers agrees otherwise). Subject, amongst other things, to the satisfaction or waiver of the conditions, the approval of the Scheme by the Ricardo shareholders, the receipt of applicable regulatory approvals and the Court's sanction of the Scheme, it is expected that the Acquisition will be completed in Q4 2025. ACQUISITION FINANCING Concurrently with the announcement of the Acquisition, WSP has obtained a fully committed 'certain funds' £230 million term loan facility (the 'New Credit Facility') (approximately $425 million). The remaining portion of the cash consideration for the Acquisition will be financed through cash on hand and existing credit facilities. Royal Bank of Canada is acting as lead arranger and sole bookrunner with respect to the New Credit Facility. The New Credit Facility is designed to ensure compliance with the 'certain funds' requirements from the announcement of the Scheme Acquisition under the UK City Code on Takeovers and Mergers. FINANCIAL AND LEGAL ADVISORSRBC Capital Markets is acting as financial advisor to WSP on the Acquisition. Legal advice is being provided to WSP by Linklaters LLP internationally. FORWARD-LOOKING STATEMENTSIn addition to disclosure of historical information, WSP may make or provide statements or information in this press release that are not based on historical or current facts and which are considered to be forward-looking information or forward-looking statements (collectively, 'forward-looking statements') under Canadian securities laws. These forward-looking statements relate to future events or future performance and reflect the expectations of management of WSP ('Management') regarding, without limitation, the growth, results of operations, performance and business prospects and opportunities of WSP or the trends affecting its industry. Forward-looking statements in this press release include, without limitation, statements about the pending Acquisition by WSP of Ricardo; the conditions precedent to the closing of the Scheme Acquisition; the expected closing date of the Scheme Acquisition; the New Credit Facility; the acquisition of shares from Science Group plc and the timing thereof; the attractiveness of the Acquisition from a financial and strategic perspective; the result of the strategic review of the A&I and PP businesses and the likely outcome of a sale of those business units; other anticipated benefits of the Acquisition and their expected impact on WSP's delivery of its strategic plan and its long-term vision, future growth, results of operations, performance, business, prospects and opportunities, WSP's business outlook, objectives, development, plans, growth strategies and other strategic priorities, and WSP's leadership position in its markets; and statements relating to WSP's future growth, results of operations, performance business, prospects and opportunities. Forward-looking statements can typically be identified by terminology such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'estimate', 'predict', 'forecast', 'project', 'intend', 'target', 'potential', 'continue' or the negative of these terms or terminology of a similar nature. Such forward-looking statements reflect current beliefs of Management and are based on certain factors and assumptions, which by their nature are subject to inherent risks and uncertainties. While WSP considers these factors and assumptions to be reasonable based on information available as at the date of this press release, actual events or results could differ materially from the results, predictions, forecasts, conclusions or projections expressed or implied in the forward-looking statements. Forward-looking statements made by WSP are based on a number of assumptions believed by WSP to be reasonable as at the date of this press release, including assumptions about the satisfaction of all closing conditions; the expected timing of completion of the Acquisition and the conditions precedent to the closing of the Scheme Acquisition (including the approval of the Scheme by the Ricardo shareholders, the receipt of applicable regulatory approvals and the Court's sanction of the Scheme); WSP's ability to retain and attract new business, achieve synergies and maintain market positions arising from successful integration plans relating to the Acquisition; WSP's ability to otherwise complete the integration of Ricardo within anticipated time periods and at expected cost levels; WSP's ability to attract and retain key employees in connection with the Acquisition; Management's estimates and expectations in relation to future economic and business conditions and other factors in relation to the Acquisition and resulting impact on growth and various other financial metrics; Management's expectations in relation to the future performance and economic conditions and other factors in relation to Ricardo; the realization of the expected strategic, financial and other benefits of the Acquisition in the timeframe anticipated; the accuracy and completeness of the information (including financial information) provided by Ricardo and publicly available information; the absence of significant undisclosed costs or liabilities associated with the Acquisition; WSP or Ricardo being adversely impacted during the pendency of the Acquisition; and other factors discussed or referred to in the 'Risk Factors' section of WSP's Management's Discussion and Analysis for the fourth quarter and year ended December 31, 2024 (the '2024 MD&A'), and WSP's Management's Discussion and Analysis for the three-month period ended March 29, 2025 (the 'Q1 2025 MD&A' and together with the 2024 MD&A, the 'MD&As') and filed on SEDAR+ at If any of these assumptions prove to be inaccurate, WSP's actual results could differ materially from those expressed or implied in forward-looking statements. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. For additional information on this cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect WSP's actual or projected results, reference is made to the MD&As, which are available on SEDAR+ at The forward-looking statements contained in this press release are made as of the date hereof and except as required under applicable securities laws, WSP does not undertake to update or revise these forward-looking statements, whether written or verbal, that may be made from time to time by itself or on its behalf, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by these cautionary statements, as well as other risks detailed from time to time in reports filed by the Corporation with securities regulators or securities commissions or other documents that the Corporation makes public, which may cause events or results to differ materially from the results expressed or implied in any forward-looking statement. As such, there can be no assurance that actual results will be consistent with forward-looking statements. About WSP WSP is one of the world's leading professional services firms, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 73,000 professionals, known as Visioneers. Together they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors. WSP is publicly listed on the Toronto Stock Exchange (TSX:WSP). About Ricardo Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 110 years of engineering excellence and approximately 2,700 employees in more than 20 countries, Ricardo provides exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and environmental services, together with safe and smart mobility. Its global team of consultants, environmental specialists, engineers, and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. All dollar figures in this press release are Canadian dollars unless otherwise indicated. Where financial information of Ricardo has been converted from British pounds sterling to Canadian dollars for purposes of comparison to and combination with, financial information of WSP, British pounds sterling have been converted to Canadian dollars at an exchange rate of $1.8462 Canadian dollars per £1.00. For more information, please contact: Alain MichaudChief Financial OfficerWSP Global (438) 843-7317 1 Ricardo's pre-IFRS 16 underlying EBITDA means earnings before finance expense, income tax expense, depreciation, and amortization, and includes rent expense and the benefit of major restructuring programs, but excludes significant costs (such as acquisition-related expenditures, reorganization costs, and other specific adjusting items).Sign in to access your portfolio
Yahoo
6 hours ago
- Yahoo
I-Team: Why so much red tape when you try to get unclaimed funds?
CLEVELAND (WJW) – The FOX 8 I-Team investigated why it seems so hard for you to get your money from the Ohio unclaimed funds. We've found many people asking since the Cleveland Browns may get unclaimed funds to help build a dome. So, we took questions to the Department of Commerce to find out what you should know. Go to the FOX 8 Facebook page, you see a lot of people complaining about how difficult it is to get money from the state's unclaimed funds account. Lawmakers may allow the Browns to use $600 million in unclaimed funds to help build a dome in Brook Park. Now, that has put a spotlight on red tape for folks like you. Don't click that text, BMV says Melissa Quillin-Grignon told the I-Team she's been fighting for unclaimed funds for a long time. 'My mother and myself have been trying for over a year,' she said. 'I had to email them four times before I got a response they even had the claim. That was frustrating to start with.' The Department of Commerce told us the state recently put a new system in place to help more people get their money more easily. 'About 30% of people are being streamlined for approval and they are getting their money in days,' Division of Unclaimed Funds Outreach Supervisor Susie Wagner said. Yet, the state's website shows Ohio has well over $4 billion in unclaimed funds. That includes money from old bank accounts, insurance policies checks never cashed and more. 'If the process has been streamlined, why are we still hearing so many complaints, 'I can't get my money?'' we asked. 'We're walking a fine line of trying to make it easier for people to claim their money, but at the same time, we're administrators of the law. We have to make sure that it goes to the rightful owner,' Wagner said. 'I personally have received more messages than I can count from frustrated constituents,' state Senator Casey Weinstein said. Bill could make federal minimum wage $15: The states paying less than that Weinstein said he's looking into more changes to improve the system 'It's kind of heartbreaking to hear of everyday Ohioans to get their money out,' he added. Last week, lawmakers proposed giving the Browns $600 million in unclaimed funds. Money that would be paid back with profits from the project. Since then, it seems everyone's asking about unclaimed funds. 'That was an 80% bump in claims being submitted. Up to 13,000 a day,' Wagner said. The Department of Commerce recommends you make sure to pull together documents required and follow instructions on the unclaimed funds website, and keep checking for email messages back. A Department of Commerce spokesperson wrote in an email to FOX 8, 'For the submitted claims that are not finalized and unpaid currently, the vast majority are due to incomplete documentation. We encourage people who submit claims to continue to work with our team when we ask for additional documentation we may need.' 'I would hope I can get my mother's money that she worked for,' Quillin-Grignon said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
