Latest news with #ADS
Barnama
4 days ago
- Business
- Barnama
SIRIM Bags Six Golds, Four Silver And Two Major Awards At ITEX 2025
GENERAL KUALA LUMPUR, May 31 (Bernama) -- SIRIM Berhad (SIRIM) achieved oustanding success when all 10 of its participating projects earned accolades - six gold medals and four silver medals - at the International Invention, Innovation and Technology Exhibition (ITEX 2025), at the Kuala Lumpur Convention Centre (KLCC), yesterday. SIRIM, in a statement, said that its two top innovations also received the Best Invention and Best Green Invention awards in the Research Institution category. Among the gold medal-winning projects was the Automated Drone Station (ADS) for Smart Aerial Monitoring and Surveillance, which also earned the Best Invention award. It is a smart platform designed to manage, charge, and launch drones autonomously, without the need for human supervision. The Bioactive Antimicrobial Material Enriched with Citrus Extract for Sustainable Applications (BioCitrusProtect) project, which also won the Best Green Invention award, combines chitosan, bacterial cellulose, and naringin extracted from citrus to create a natural and effective solution for inhibiting harmful microorganisms, with potential applications in food packaging and coatings. Other projects that won gold medals included QUANTUMLFA: Revolutionising Hepatitis B Detection, a rapid test kit for detecting Hepatitis B surface antigen, and Sustainable Innovation: Biodegradable Microbeads from Pineapple Fibre, a sustainable scientific solution designed to replace plastic microbeads in skincare and personal care products. Other gold award recipients include the Digitalisation of Clear Aligners Production Through Direct 3D Printing project, which introduced a fully digital workflow for producing clear braces, and REP4WRD®: Agile Best Practices for Industry, a framework designed to help organisations effectively implement Agile methodologies. Meanwhile, four other projects earned silver awards: Green Plastics Sustainable Solutions Through G0-Terra Innovations; Smart Mosquito Repellent Dispenser (X-IOT); Low Pressure Storage System Using Amine-Functionalised Multiwall Carbon Nanotube (MWCNT) as Adsorbent Materials for Natural Gas Storage, and AI-Based Automated Data Extraction API for Dynamic Paper-Based Documents (aIDEA). SIRIM Berhad president and group chief executive officer Datuk Dr Ahmad Sabirin Arshad said the recognition demonstrated SIRIM's commitment to driving sustainable solutions that not only advance the country's technological capabilities but also contribute to addressing global challenges.
Associated Press
4 days ago
- Business
- Associated Press
GDS Announces Closing of Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ('GDS Holdings', 'GDS' or the 'Company') (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the closing of a previously announced registered public offering of 6,000,000 American Depositary Shares ('ADSs'), each representing eight Class A ordinary shares, par value US$0.00005 per share (the 'Delta Placement of Borrowed ADSs'), at a public offering price of US$24.50 per ADS (the 'Delta Public Offering Price'), which the Company lent (such loaned ADSs, the 'Borrowed ADSs') to an affiliate of the underwriter in the ADS offering (such affiliate, the 'ADS Borrower') pursuant to an ADS lending agreement with the ADS Borrower (the 'ADS Lending Agreement'). The ADS Borrower or its affiliate received all of the proceeds from the sale of the Borrowed ADSs. The Company did not receive any proceeds from the Delta Placement of Borrowed ADSs but received from the ADS Borrower a nominal lending fee, which was applied to fully pay up the Class A ordinary shares underlying the Borrowed ADSs. The Company believes that the Borrowed ADSs will not be considered outstanding for the purpose of computing and reporting its earnings per ADS under the current U.S. Generally Accepted Accounting Principles and, therefore, the Company believes that no dilution will occur as a result of the Borrowed ADSs. The Borrowed ADSs were sold concurrently with the pricing of the Notes Offering (as defined below) and the Primary ADSs Offering (as defined below). The Company was informed by the ADS Borrower that it or its affiliates intends to use the short position resulting from the Delta Placement of the Borrowed ADSs to facilitate privately negotiated derivatives transactions related to the Notes. The activity described above could affect the market price of the Company's ADSs or the Notes otherwise prevailing at that time. The Company also announced today by separate press release the closing of an offering of 2.25% convertible senior notes in an aggregate principal amount of US$550 million due 2032 (the 'Notes') in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), which amount reflects the exercise in full by the initial purchasers of their option to purchase an additional US$50 million in aggregate principal amount of the Notes (collectively, the 'Notes Offering'). The Company also announced today by separate press release the closing of a separate registered public offering (the 'Primary ADSs Offering') of 5,980,000 ADSs (the 'Primary ADSs'), at a public offering price of US$24.50 per ADS (which is the same public offering price as the Delta Public Offering Price), and reflecting the exercise in full by the underwriters in the Primary ADSs Offering of their option to purchase 780,000 additional Primary ADSs. Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Borrowed ADSs, the Notes or the Primary ADSs, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Delta Placement of Borrowed ADSs and the Primary ADSs Offering were made only by means of separate prospectus supplements and accompanying prospectuses pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission (the 'SEC'). The Company filed an automatic shelf registration statement on Form F-3 with the SEC. A preliminary prospectus supplement and the accompanying prospectus describing the terms of the Delta Placement of Borrowed ADSs were filed with the SEC. The prospectus supplement for the Delta Placement of Borrowed ADSs was filed with the SEC. The Delta Placement of Borrowed ADSs was made only by means of the prospectus supplement and accompanying prospectus. You may obtain these documents free of charge by visiting EDGAR on the SEC website at Copies of the prospectus supplement and the accompanying prospectus may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204 or by email at [email protected]. About GDS Holdings Limited GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company's facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company's customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in Day One Data Centers Limited which develops and operates data centers in International markets. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'aim,' 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'future,' 'guidance,' 'intend,' 'is/are likely to,' 'may,' 'ongoing,' 'plan,' 'potential,' 'target,' 'will,' and similar statements. Among other things, statements that are not historical facts, including statements about GDS Holdings' beliefs and expectations regarding the Notes Offering, Delta Placement of Borrowed ADSs and the Primary ADSs Offering, the growth of its businesses and its revenue for the full fiscal year, the business outlook and quotations from management in this announcement, as well as GDS Holdings' strategic and operational plans, are or contain forward-looking statements. GDS Holdings may also make written or oral forward-looking statements in its periodic reports to the SEC on Forms 20-F and 6-K, in its current, interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the Stock Exchange of Hong Kong Limited (the 'Hong Kong Stock Exchange'), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause GDS Holdings' actual results or financial performance to differ materially from those contained in any forward-looking statement, including but not limited to the following: GDS Holdings' goals and strategies; GDS Holdings' future business development, financial condition and results of operations; the expected growth of the market for high-performance data centers, data center solutions and related services in China and regions in which GDS' major equity investees operate, such as South East Asia; GDS Holdings' expectations regarding demand for and market acceptance of its high-performance data centers, data center solutions and related services; GDS Holdings' expectations regarding building, strengthening and maintaining its relationships with new and existing customers; the results of operations, growth prospects, financial condition, regulatory environment, competitive landscape and other uncertainties associated with the business and operations of our significant equity investee DayOne; the continued adoption of cloud computing and cloud service providers in China and other major markets that may impact the results of our equity investees, such as South East Asia; risks and uncertainties associated with increased investments in GDS Holdings' business and new data center initiatives; risks and uncertainties associated with strategic acquisitions and investments; GDS Holdings' ability to maintain or grow its revenue or business; fluctuations in GDS Holdings' operating results; changes in laws, regulations and regulatory environment that affect GDS Holdings' business operations and those of its major equity investees; competition in GDS Holdings' industry in China and in markets that affect the business of our major equity investees, such as South East Asia; security breaches; power outages; and fluctuations in general economic and business conditions in China and globally, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in GDS Holdings' filings with the SEC, including its annual report on Form 20-F, and with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release and are based on assumptions that GDS Holdings believes to be reasonable as of such date, and GDS Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: GDS Holdings Limited Laura Chen Phone: +86 (21) 2029-2203 Email: [email protected] Piacente Financial Communications Ross Warner Phone: +86 (10) 6508-0677 Email: [email protected] Brandi Piacente Phone: +1 (212) 481-2050 Email: [email protected] GDS Holdings Limited
Yahoo
4 days ago
- Business
- Yahoo
GDS Announces Closing of Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ('GDS Holdings', 'GDS' or the 'Company') (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the closing of a previously announced registered public offering of 6,000,000 American Depositary Shares ('ADSs'), each representing eight Class A ordinary shares, par value US$0.00005 per share (the 'Delta Placement of Borrowed ADSs'), at a public offering price of US$24.50 per ADS (the 'Delta Public Offering Price'), which the Company lent (such loaned ADSs, the 'Borrowed ADSs') to an affiliate of the underwriter in the ADS offering (such affiliate, the 'ADS Borrower') pursuant to an ADS lending agreement with the ADS Borrower (the 'ADS Lending Agreement'). The ADS Borrower or its affiliate received all of the proceeds from the sale of the Borrowed ADSs. The Company did not receive any proceeds from the Delta Placement of Borrowed ADSs but received from the ADS Borrower a nominal lending fee, which was applied to fully pay up the Class A ordinary shares underlying the Borrowed ADSs. The Company believes that the Borrowed ADSs will not be considered outstanding for the purpose of computing and reporting its earnings per ADS under the current U.S. Generally Accepted Accounting Principles and, therefore, the Company believes that no dilution will occur as a result of the Borrowed ADSs. The Borrowed ADSs were sold concurrently with the pricing of the Notes Offering (as defined below) and the Primary ADSs Offering (as defined below). The Company was informed by the ADS Borrower that it or its affiliates intends to use the short position resulting from the Delta Placement of the Borrowed ADSs to facilitate privately negotiated derivatives transactions related to the Notes. The activity described above could affect the market price of the Company's ADSs or the Notes otherwise prevailing at that time. The Company also announced today by separate press release the closing of an offering of 2.25% convertible senior notes in an aggregate principal amount of US$550 million due 2032 (the 'Notes') in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), which amount reflects the exercise in full by the initial purchasers of their option to purchase an additional US$50 million in aggregate principal amount of the Notes (collectively, the 'Notes Offering'). The Company also announced today by separate press release the closing of a separate registered public offering (the 'Primary ADSs Offering') of 5,980,000 ADSs (the 'Primary ADSs'), at a public offering price of US$24.50 per ADS (which is the same public offering price as the Delta Public Offering Price), and reflecting the exercise in full by the underwriters in the Primary ADSs Offering of their option to purchase 780,000 additional Primary ADSs. Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Borrowed ADSs, the Notes or the Primary ADSs, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Delta Placement of Borrowed ADSs and the Primary ADSs Offering were made only by means of separate prospectus supplements and accompanying prospectuses pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission (the 'SEC'). The Company filed an automatic shelf registration statement on Form F-3 with the SEC. A preliminary prospectus supplement and the accompanying prospectus describing the terms of the Delta Placement of Borrowed ADSs were filed with the SEC. The prospectus supplement for the Delta Placement of Borrowed ADSs was filed with the SEC. The Delta Placement of Borrowed ADSs was made only by means of the prospectus supplement and accompanying prospectus. You may obtain these documents free of charge by visiting EDGAR on the SEC website at Copies of the prospectus supplement and the accompanying prospectus may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204 or by email at prospectus-eq_fi@ About GDS Holdings Limited GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company's facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company's data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company's customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in Day One Data Centers Limited which develops and operates data centers in International markets. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'aim,' 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'future,' 'guidance,' 'intend,' 'is/are likely to,' 'may,' 'ongoing,' 'plan,' 'potential,' 'target,' 'will,' and similar statements. Among other things, statements that are not historical facts, including statements about GDS Holdings' beliefs and expectations regarding the Notes Offering, Delta Placement of Borrowed ADSs and the Primary ADSs Offering, the growth of its businesses and its revenue for the full fiscal year, the business outlook and quotations from management in this announcement, as well as GDS Holdings' strategic and operational plans, are or contain forward-looking statements. GDS Holdings may also make written or oral forward-looking statements in its periodic reports to the SEC on Forms 20-F and 6-K, in its current, interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the Stock Exchange of Hong Kong Limited (the 'Hong Kong Stock Exchange'), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause GDS Holdings' actual results or financial performance to differ materially from those contained in any forward-looking statement, including but not limited to the following: GDS Holdings' goals and strategies; GDS Holdings' future business development, financial condition and results of operations; the expected growth of the market for high-performance data centers, data center solutions and related services in China and regions in which GDS' major equity investees operate, such as South East Asia; GDS Holdings' expectations regarding demand for and market acceptance of its high-performance data centers, data center solutions and related services; GDS Holdings' expectations regarding building, strengthening and maintaining its relationships with new and existing customers; the results of operations, growth prospects, financial condition, regulatory environment, competitive landscape and other uncertainties associated with the business and operations of our significant equity investee DayOne; the continued adoption of cloud computing and cloud service providers in China and other major markets that may impact the results of our equity investees, such as South East Asia; risks and uncertainties associated with increased investments in GDS Holdings' business and new data center initiatives; risks and uncertainties associated with strategic acquisitions and investments; GDS Holdings' ability to maintain or grow its revenue or business; fluctuations in GDS Holdings' operating results; changes in laws, regulations and regulatory environment that affect GDS Holdings' business operations and those of its major equity investees; competition in GDS Holdings' industry in China and in markets that affect the business of our major equity investees, such as South East Asia; security breaches; power outages; and fluctuations in general economic and business conditions in China and globally, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in GDS Holdings' filings with the SEC, including its annual report on Form 20-F, and with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release and are based on assumptions that GDS Holdings believes to be reasonable as of such date, and GDS Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: GDS Holdings LimitedLaura ChenPhone: +86 (21) 2029-2203Email: ir@ Piacente Financial CommunicationsRoss WarnerPhone: +86 (10) 6508-0677Email: GDS@ Brandi PiacentePhone: +1 (212) 481-2050Email: GDS@ GDS Holdings LimitedError 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
Yahoo
6 days ago
- Automotive
- Yahoo
Arizona Desert Shocks Expands Mesa 2.5 Series to Broader Platforms, Bringing Race-Tested Suspension to Everyday Drivers
New shocks line delivers race-inspired suspension for top off-road platforms, including Toyota, Jeep, Ford, Chevy, GMC and Ram BOWLING GREEN, Ky., May 29, 2025--(BUSINESS WIRE)--Arizona Desert Shocks (ADS), part of the Holley Performance Brands (NYSE: HLLY) portfolio, today announced additional platform expansion to support the launch of its Mesa 2.5 Series shocks – a significant step forward for the iconic suspension brand as it seeks to bring its race-tested technology to a larger segment of the automotive aftermarket. With new direct replacement kits now available for more platforms than ever, Mesa 2.5 Series shocks offer a high-quality off-road suspension upgrade that brings competition-inspired performance to a wider variety of enthusiasts – from weekend adventurers to daily drivers. "At Holley Performance Brands, we're committed to delivering innovative products that enhance performance, safety and driving excitement for every level of enthusiast," said Matthew Stevenson, President & CEO. "The Mesa 2.5 Series is a prime example—offering race-proven capability and control on and off road, without added complexity. With this new shock series, ADS delivers performance, convenience and affordability in one high-performance solution." ADS leveraged decades of experience in building custom race shocks to engineer the Mesa 2.5 series. Made in the U.S. with premium materials at ADS's flagship Tucson facility, the result is upgraded suspension performance that delivers better vehicle control and handling over mass-produced stock shocks. Whether drivers are crawling rocks, blasting through desert trails, or want better ride confidence for everyday driving, the Mesa shocks provide drivers with the edge for safer and faster off-road travel. With an estimated 48 million vehicles currently on the road that could benefit from the Mesa 2.5 Series technology, ADS and Holley Performance Brands are expanding access to this premium suspension upgrade by offering direct fitment kits for more popular vehicle platforms, including: Toyota Tacoma, Tundra and Land Cruiser Jeep Gladiator and Wrangler Ford F-150, Bronco, and 2500/3500 Super Duty trucks Chevrolet Silverado HD GMC Sierra HD Ram 2500 Key Features and Benefits: Direct replacement fit for faster, easier installation Made in the U.S.A. using American components at ADS's Tucson, Arizona facility Premium materials like aerospace-grade aluminum and stainless steel enhance durability and corrosion resistance 2.5" shock body provides increased damping control and reduced fade Rebuildable and tunable design for longer lifespan and cost savings Customer-Inspired Design ADS has built a 25-year track record of consistent and reliable performance in off-road motor sports, while keeping the voice of the customer at the heart of product innovation. The retail space within its Tucson, Arizona development facility allows product engineers to get direct feedback from customers, insight that was instrumental in shaping the Mesa 2.5 Series shocks. "We were very thoughtful and intentional in the design of the Mesa 2.5 Series," said Osvaldo Gallegos, Vice President, Modern Truck & Off-Road Division, Holley Performance Brands. "We combined customer feedback and our decades of expertise to create a custom-tailored, race-quality shock that's ready to install and go. It's built for performance, priced for reality and made to last." Driven by strong market demand, the Mesa 2.5 Series is slated for continued expansion across an increasingly diverse range of truck, off-road and UTV platforms—broadening access to ADS's race-proven performance and engineering. For information about how you can purchase the ADS Mesa 2.5 Series shocks, click here. For more Holley company news, click here. Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other important factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to Holley's ability to (1) successfully design, develop, and market new, effective, and safe products, (2) compete effectively in our market, (3) maintain and strengthen demand for our products and brands, (4) attract new customers in a cost-effective manner, (5) expand into additional consumer markets, and (6) and the other risks and uncertainties set forth in the Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 14, 2025, and in any subsequent filings with the SEC. About Holley Performance Brands Holley Performance Brands (NYSE: HLLY) leads in the design, manufacturing and marketing of high-performance products for automotive enthusiasts. The company owns and manages a portfolio of iconic brands, catering to a diverse community of enthusiasts passionate about the customization and performance of their vehicles. Holley Performance Brands distinguishes itself through a strategic focus on four consumer vertical groupings, including Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing, ensuring a wide-ranging impact across the automotive aftermarket industry. Renowned for its innovative approach and strategic acquisitions, Holley Performance Brands is committed to enhancing the enthusiast experience and driving growth through innovation. For more information on Holley Performance Brands and its dedication to automotive excellence, visit View source version on Contacts Media Relations Contact(s):Jordan Moore, jmoore@ / Sydney Goggans, sgoggans@ Investor Relations Contacts: Anthony Rozmus / Neel SikkaSolebury Strategic Communications203-428-3224Holley@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
Business Wire
6 days ago
- Automotive
- Business Wire
Arizona Desert Shocks Expands Mesa 2.5 Series to Broader Platforms, Bringing Race-Tested Suspension to Everyday Drivers
BOWLING GREEN, Ky.--(BUSINESS WIRE)-- Arizona Desert Shocks (ADS), part of the Holley Performance Brands (NYSE: HLLY) portfolio, today announced additional platform expansion to support the launch of its Mesa 2.5 Series shocks – a significant step forward for the iconic suspension brand as it seeks to bring its race-tested technology to a larger segment of the automotive aftermarket. With new direct replacement kits now available for more platforms than ever, Mesa 2.5 Series shocks offer a high-quality off-road suspension upgrade that brings competition-inspired performance to a wider variety of enthusiasts – from weekend adventurers to daily drivers. 'At Holley Performance Brands, we're committed to delivering innovative products that enhance performance, safety and driving excitement for every level of enthusiast,' said Matthew Stevenson, President & CEO. 'The Mesa 2.5 Series is a prime example—offering race-proven capability and control on and off road, without added complexity. With this new shock series, ADS delivers performance, convenience and affordability in one high-performance solution.' ADS leveraged decades of experience in building custom race shocks to engineer the Mesa 2.5 series. Made in the U.S. with premium materials at ADS's flagship Tucson facility, the result is upgraded suspension performance that delivers better vehicle control and handling over mass-produced stock shocks. Whether drivers are crawling rocks, blasting through desert trails, or want better ride confidence for everyday driving, the Mesa shocks provide drivers with the edge for safer and faster off-road travel. With an estimated 48 million vehicles currently on the road that could benefit from the Mesa 2.5 Series technology, ADS and Holley Performance Brands are expanding access to this premium suspension upgrade by offering direct fitment kits for more popular vehicle platforms, including: Toyota Tacoma, Tundra and Land Cruiser Jeep Gladiator and Wrangler Ford F-150, Bronco, and 2500/3500 Super Duty trucks Chevrolet Silverado HD GMC Sierra HD Ram 2500 Key Features and Benefits: Direct replacement fit for faster, easier installation Made in the U.S.A. using American components at ADS's Tucson, Arizona facility Premium materials like aerospace-grade aluminum and stainless steel enhance durability and corrosion resistance 2.5' shock body provides increased damping control and reduced fade Rebuildable and tunable design for longer lifespan and cost savings Customer-Inspired Design ADS has built a 25-year track record of consistent and reliable performance in off-road motor sports, while keeping the voice of the customer at the heart of product innovation. The retail space within its Tucson, Arizona development facility allows product engineers to get direct feedback from customers, insight that was instrumental in shaping the Mesa 2.5 Series shocks. ' We were very thoughtful and intentional in the design of the Mesa 2.5 Series,' said Osvaldo Gallegos, Vice President, Modern Truck & Off-Road Division, Holley Performance Brands. 'We combined customer feedback and our decades of expertise to create a custom-tailored, race-quality shock that's ready to install and go. It's built for performance, priced for reality and made to last.' Driven by strong market demand, the Mesa 2.5 Series is slated for continued expansion across an increasingly diverse range of truck, off-road and UTV platforms—broadening access to ADS's race-proven performance and engineering. For information about how you can purchase the ADS Mesa 2.5 Series shocks, click here. For more Holley company news, click here. Certain statements in this press release may be considered 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other important factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to Holley's ability to (1) successfully design, develop, and market new, effective, and safe products, (2) compete effectively in our market, (3) maintain and strengthen demand for our products and brands, (4) attract new customers in a cost-effective manner, (5) expand into additional consumer markets, and (6) and the other risks and uncertainties set forth in the Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ('SEC') on March 14, 2025, and in any subsequent filings with the SEC. About Holley Performance Brands Holley Performance Brands (NYSE: HLLY) leads in the design, manufacturing and marketing of high-performance products for automotive enthusiasts. The company owns and manages a portfolio of iconic brands, catering to a diverse community of enthusiasts passionate about the customization and performance of their vehicles. Holley Performance Brands distinguishes itself through a strategic focus on four consumer vertical groupings, including Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing, ensuring a wide-ranging impact across the automotive aftermarket industry. Renowned for its innovative approach and strategic acquisitions, Holley Performance Brands is committed to enhancing the enthusiast experience and driving growth through innovation. For more information on Holley Performance Brands and its dedication to automotive excellence, visit
