NoneNEW YORK, Dec. 29, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Wolfspeed, Inc. (NYSE: WOLF) between August 16, 2023 and November 6, 2024, both dates inclusive (the “Class Period”), of the important January 17, 2025 lead plaintiff deadline. SO WHAT: If you purchased Wolfspeed securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: The alleged representations in this action concern Wolfspeed’s Mohawk Valley, New York fabrication facility. The complaint alleges that defendants provided the public with revenue projections that depended on the Mohawk Valley fabrication facility ramping its production to meet and/or exceed demand for its 200mm wafer product. According to the lawsuit, defendants provided these overwhelmingly positive statements to investors while simultaneously misrepresenting and/or concealing material adverse facts concerning the true state of Wolfspeed’s growth potential and, in particular, the operational status and profitability of the Mohawk Valley fabrication facility. First, to meet its publicly stated projections, Wolfspeed would have to cancel or otherwise indefinitely suspend planned future projects such as the facility in Saarland, Germany. Second, Wolfspeed would have to terminate a significant portion of its workforce and shutter its Durham, North Carolina fabrication facility. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Wolfspeed class action, go to https://rosenlegal.com/submit-form/?case_id=30954 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
DALLAS , Nov. 26, 2024 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery materials provider is excited to announce the signing of a strategic Memorandum of Understanding (MOU) with Giga Solar Materials Corp. , materials manufacturer out of Taiwan . The partnership represents a significant step forward in accelerating the production of innovative Silicon Oxide (SiOx) anode materials in the United States and playing a leading role in securing a robust lithium battery materials supply chain in North America . Leveraging Solidion's 550+ patent portfolio and advanced R&D capabilities, the collaboration with Giga Solar , and the previously announced partnership with Bluestar Materials Company , will focus on a total solution of high-quality SiOx anode materials. Foxconn, the global electronics manufacturer contracted by Apple among many others, previously invested $36 million through Giga Storage Corp, a subsidiary in an EV partnership with Giga Solar . Silicon and Silicon Oxide are now viewed by many as a more favored solution for battery technology over solid-state technology. These advanced materials offer a fivefold increase in specific capacity compared to traditional graphite anodes, while maintaining safety and stability, a critical step forward for improving the energy density and performance of lithium-ion batteries. Enhanced anode technology like this is vital to extending the durability and range of electric vehicles (EVs), addressing one of the most significant challenges in the EV industry. The MOU also positions Solidion and Giga Solar , who already have approximately 100 Metric Tons per Annum (MTPA) capacity in Taiwan , to explore U.S. based manufacturing opportunities and market strategies for commercializing advanced SiOx solutions. With the growing demand for EVs and energy storage systems, Silicon Oxide is emerging as a preferred anode material, offering significant advantages over conventional battery technologies. signing Solidion's partnership with Giga Solar is expected to bring significant benefits, including: About Solidion Technology Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio , Solidion's (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. Solidion holds a portfolio of over 550 patents, covering innovations such as high-capacity, non-silane gas and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies. About Giga Solar Materials Corp. Headquartered in Hsinchu, Taiwan , with production facilities in both Taiwan and China , Giga Solar's (3691.TWO) core business includes the manufacturing of conductive paste for PV cells and electronic components. Being one of the top 3 conductive paste manufacturers, Giga Solar also focuses on the development and production of next-generation materials for battery applications. About Bluestar Materials Company Bluestar Materials Inc. is a materials and process design company founded by Professor Chung-Wen Lan at National Taiwan University (NTU), specializing in developing production technologies for next-generation battery materials. The company's first silicon monoxide (SiO) production facility has been successfully implemented and is currently utilized by Giga Solar . Additionally, innovative and cost-effective technology for amorphous silicon is under development. Forward-Looking Statements This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Solidion's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Solidion's actual results to differ materially from those described in the forward-looking statements can be found in Solidion's Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 , which have been filed with the Securities and Exchange Commission and are available on Solidion's website, and on the Securities and Exchange Commission's website ( www.sec.gov ). Solidion does not undertake to update any forward-looking statements.
EAGAN, Minn. (AP) — The game had suddenly gone sideways for the Minnesota Vikings , their 11-point lead on the Chicago Bears having evaporated in the closing seconds. They straightened it out in overtime, no sweat, because Sam Darnold simply hasn't been fazed. Save for his occasional rash of turnovers, in games the Vikings still managed to win, Darnold proved again on Sunday in defeating the Bears that he's directing a passing attack with the potential to be one of the NFL 's most potent. “I think he’s a mentally tough guy. I think he’s a physically tough guy. I think he’s confident in the guys around him, and I think he’s confident in our system,” coach Kevin O'Connell said after the 30-27 victory. “I think when he just continues to play quarterback at a high level, I think we’re a tough team.” After the defense forced the Bears to punt on the opening possession of overtime, Darnold led the Vikings on a 68-yard drive to set up the game-ending field goal while overcoming a 7-yard sack on the first play and two subsequent setbacks with a false start and a holding penalty. On third-and-10 from the 21, he hit Jordan Addison near the sideline for 13 yards. On first-and-15 from the 29, Darnold threaded a throw to Justin Jefferson for 20 yards after he'd muscled his way through Bears cornerback Jaylon Johnson on a post route for the clutch catch after he'd been all but silenced all afternoon by a defense determined to constantly bracket him with double coverage. On second-and-11 from the 48, Darnold connected with a wide-open T.J. Hockenson underneath for 12 yards. Then two plays later off a second-and-8 play-action fake, he found Hockenson again on a deep corner route for 29 yards to put Parker Romo in prime position for the walk-off winner. “Just execute. It’s as simple as that. Just one play at a time," said Darnold, who went 22 for 34 for 330 yards and two touchdowns without a turnover. “I think I tell the guys that every single time in the huddle, but that’s my mindset every single time I’m out there on the field, especially in that situation.” Even when Jefferson continues to draw an extraordinary amount of coverage , the Vikings with Addison, Hockenson, Aaron Jones and the rest of their crew running O'Connell's system have proven they have an offense that can go win a game when it's required. That wouldn't be possible without Darnold, whose career rebirth has helped spark the Vikings (9-2) become one of the league's biggest surprises in what's now its most difficult division. “He’s cool, calm, collected,” Hockenson said. "That’s what you want as the leader of the huddle.” The Vikings' defense ranks ninth in the league on third downs, allowing a conversion rate of 34.5% after limiting the Bears to a 6-for-17 performance. The Vikings are tied for first on fourth downs with an allowance of 36.4% after the Bears went 2 for 3. Both conversions came in the fourth quarter during touchdown drives. The Vikings also rank fourth in the NFL in opponent points per drive (1.52). The Vikings had seven possessions that crossed the 20-yard line in Chicago, but only three of them yielded touchdowns. Their lone turnover was the type of game-altering giveaways they've struggled to eliminate this month, a fumble by Aaron Jones at the 1-yard line that ruined a promising first drive. The Vikings are tied for 20th in the league in red zone touchdown rate (53.9%) and are 17th in goal-to-go touchdowns (72%). Addison had eight catches for 162 yards, both career highs, and a touchdown on nine throws from Darnold. The second-year wide receiver has had a quieter season than his rookie year, but he stepped up in a significant way on an afternoon when Jefferson was as smothered by the opposing secondary as ever. TE Johnny Mundt had the onside kick glance off his shin as he charged toward the coverage, and the first kicking team recovery in the NFL this season helped the Bears extend the game. Mundt also had the false start on the overtime drive. His lone catch was a 7-yard gain when he was stopped short of the goal line, one play before the lost fumble. Mundt played 33 of 71 snaps and Hockenson took 48 snaps with Oliver out. The Vikings lost LT Cam Robinson (foot) and LB Ivan Pace (hamstring) to injuries in the first quarter against the Bears, and O'Connell said on Monday those players were still in "evaluation mode." Oliver (ankle) will have an opportunity to return after being sidelined last week. 101.7 — Darnold's passer rating, which ranks ninth in the NFL. Darnold has posted a 100-plus passer rating in nine of 11 games this season. He had only 12 such performances in 56 career starts before joining the Vikings. The Vikings have four of their next five games at home, starting with Arizona (6-5) this week, Atlanta (6-5) on Dec. 8 and a rematch with Chicago (4-7) in a Monday night game on Dec. 16. AP NFL: https://apnews.com/hub/NFLI recently listened to an archive clip on the radio that consisted primarily of people whingeing about the railways. Amongst the biggest complaints was about dirty trains and u reliability of services and there was widespread hope that things were about to get better. It all sounds familiar but the clip was from 1961 and came as the nationalised UK rail network was about to make the momentous move from steam to diesel. Fast forward more than 60 years and things haven’t really changed that much, apart from no-one today will moan about the problem of soot making the stations dirty. British Rail had many good points, not least the fine dining carriages, but in the end it became a national joke. But it appears the Labour Government has no recollection of BR’s faults as it embarks on the renationalising of the network. Read More: Is the human cost of Net Zero drive really worth it? Even the name - Great British Railways - harks back to a glorious bygone age that many argue didn’t actually exist. Regardless, it is happening but will it make a difference? History tells us it won’t and will almost certainly make things worse. Scotrail, of course, was nationalised in 2022 but you’ll be hard pressed to find a passenger who will say with a straight face that things have improved. Under Labour’s plan, three rail operators will be taken into state control next year, but the move is not expected to bring down fares for passengers travelling on these lines. UK Transport Secretary Heidi Alexander said she recognised that “affordability is really important to people” but that people were “willing to pay for a good service”. Of course they will but there is no guarantee they will get one. Read More: One Day plaque row is battle between conservation over evolution South Western Railway will be renationalised in May 2025, C2C in July 2025, and Greater Anglia in autumn 2025, after Labour passed a law allowing it to do so. But some have criticised the plans, arguing that public ownership will not make much difference unless it is paired with fresh investment in the railways. And therein lies the rub - can the taxpayer seriously be expected to fund new rolling stock and other investments that private companies currently do to the tune of billions of pounds? In short, no, which means the whole exercise is pretty futile. Presently, shiny new trains rattle up and down the country making rail travel vastly superior to what it once was. But what happens when they all need replaced? They’re not cheap and politicians keep telling us they’re skint so where will the money come from? Almost certainly from higher fares which folk will be happy to pay if the service matched the ticket price which it almost never does. Under the existing system, Britain’s railway lines are run by train operating companies as franchises for a fixed length of time. The Passenger Railway Services (Public Ownership) Act 2024, which has passed Westminster, allows the government to act on its manifesto promise to take rail contracts back into public ownership in five years as each private franchise runs out. The government also plans to set up a new arms-length body, the elaborately-titled Great British Railways (GBR), which will take over service contracts currently held by private firms as they expire in the coming years. Read More: How can CalMac run ferry services without any ships It wants GBR to take over responsibility for maintaining and improving rail infrastructure from Network Rail eventually. This moves comes as rail fares are due to rise by 4.6% from March as set out in the recent UK Budget, a figure that the transport secretary repeated when asked if tickets will get cheaper with public ownership. She described this as “the lowest absolute increase for the last three years”. Ms Alexander added that it while people may be willing to pay more for a “really good” service, including at evenings and weekends, performance had to improve. The transport department said that renationalisation would improve reliability, boost economic growth, and save £150m per year in fees. However, Rail Partners, which represents private train firms, said Labour has “parked the big decisions” on how to fix the railways. Responsibility for running train services was handed to private companies during the 1990s, and since then there has been a boom in rail usage. This year alone, passengers numbers have increased by 23% and 1.4bn passengers now use the railways annually. Some franchises have undoubtedly been a success, while many others less so. A few have been downright dreadful and have deservedly been stripped of their roles early. It is hard to conclude that nationalisation is less about passengers and more about ideology which is always a dangerous track to go down. As if to illustrate this, when Humza Yousaf (remember him)? announced the Dutch firm Abellio was being stripped of the franchise and Scotrail be nationalised, the top management was kept on. Read More: Sabbath isn't for everyone so Tesco should open on Sunday If, as the then Transport Secretary, claimed, Abellio was worse than useless, then the failing management would have been binned along with the franchise. Unions also like a nationalised industry as they know elected ministers are more likely to cave in to demands than a private company is. Let’s hope that nationalisation is a roaring success and passenger numbers keep rising As everyone would be a winner. This could be the age of the train after all.VOTERS IN DUBLIN Mid-West might think they’re seeing double when they open their ballot paper on 29 November. Two candidates with the same name – and similar taste in snazzy spectacles – are standing in the five-seat constituency. There’s Sinn Féin’s high profile housing spokesman Eoin Ó Broin – and there’s Independent-turned-Social Democrats councillor for Clondalkin Eoin Ó Broin. Sinn Féin’s Ó Broin, on his second canvas of the day at teatime on Tuesday in freezing conditions, is taking no chances: every prospective Sinn Féin voter is warned about the Other Eoin. “Don’t forget, there will be a second Eoin Ó Broin on the ballot,” he explains to one older voter in an estate on the outskirts of Clondalkin village. “Is he with...?” the woman trails off, seemingly confused. “He’s with the Social Democrats. The way it will be on the ballot, my name will be first with my face and the logo. Just follow the face and the logo.” The two men know each other. They both live in this area – they’ve even received each other’s post. Sinn Féin’s Ó Broin first became aware of his fellow Eoin 20 years ago when, at a conference in Canada, the person introducing him included details in his potted biography seemingly found online in relation to another Eoin Ó Broin, then president of the University of Limerick students’ union. The two met a couple of years later, when Ó Broin (of Sinn Féin) joined a Shell to Sea protest, alighting a bus in Ballinaboy to see “this fella looking at me”. “And I’m look at him, and I’m going: ‘Are you Eoin Ó Broin?’ And he goes: ‘Are you Eoin Ó Broin’? So we had a big chat.” The Social Democrats’ Eoin is a fluent Irish speaker, having attended Irish-medium schools in Clondalkin; there is a large Irish-speaking community in the area, associated with the longstanding Áras Chrónáin cultural centre. Sinn Féin’s Eoin doesn’t speak Irish, but the Irish language surname is on his birth cert; his father attended a Gaelscoil. A few streets away, earlier that day, the Soc Dems’ Eoin Ó Broin doesn’t let the freezing rain stop him from going door to door. Like his fellow Eoin, he’s out twice a day as the election approaches. His biggest pitch to voters, apart from his own track record as a councillor (he got the council to fix a footpath in this particular estate), is his party’s commitment to – the plan to reform healthcare to end the current two-tier system, a policy with which Social Democrats founder Róisín Shortall has been particularly associated. He believes small parties need to be strategic, and the Social Democrats can position themselves as authoritatively on universal access to healthcare as his namesake has managed to do on housing. He adds that he believes Sláintecare would be “transformative” not only for healthcare but for citizens’ relationship with society and the state in Ireland. “I’ve seen a one-tier health system in Sweden, when I lived there. I didn’t need health insurance, and a trip to the doctor was a tenner,” the Soc Dems’ Ó Broin says. “It gives everybody a sense that they’re getting something back. They don’t have this unfortunate bitterness which exists [among] those who are above thresholds.” He believes the Irish system of means-tested thresholds for medical cards is a “Victorian charity” approach, whereas universal access would be “a game changer we need in Ireland for people to feel that we’re all in this together.” The Soc Dems’ Ó Broin completed a PhD in energy systems modelling in Sweden, before undertaking postdoctoral research in France. With his background in environmental science, he was a member of the Green movement when he lived in Sweden, but he believes the Green Party do not sufficiently prioritise housing and workers’ rights. In the estate he’s canvassing today, he meets some voters who say he’ll get their number one, and a few undecideds. Do people bring up the name much? “Yeah. Some people say, ‘this will be fun’. Some people say, ‘that’s confusing, you should change your name’.” He is not impressed by this suggestion. “You know, you don’t just change your name. I grew up in Clondalkin, I went to the all-Irish school here, so because I grew up here and it is my name, why should I change?” the Soc Dems candidate says. (Although Sinn Féin’s Eoin Ó Broin has been living in Clondalkin for many years with his partner, Sinn Féin MEP Lynn Boylan, he is originally from Cabinteely and went to school in Blackrock. A blow-in Ó Broin, if you will.) Housing, waiting times for healthcare and access to supports for those with disabilities and additional needs are among the top issues that come up on the doorsteps in Clondalkin. Access to school places is also a big issue in this area, where public services do not seem to have kept pace with population growth. Both Eoin Ó Broins say the heat has somewhat gone out of the issue of immigration, relative to the local elections in June; this mirrors what heard However, immigration is definitely still on the agenda, and it’s raised a few times with Sinn Féin’s Ó Broin. He pushes back hard against the idea that immigrants are being prioritised on the housing list, as one Sinn Féin voter alleges, telling the man that that “every single one of those families” waited on the list for the same length of time as Irish families. “The only people who get council houses are people who have a legal right to reside and work with the state,” he says. However at another house (also voting Sinn Féin) he criticises the government for not consulting with the local community on a nearby accommodation centre for people seeking international protection. He tells a couple who say they’re concerned about the safety of women in the area that “a lot of concerns that you have, which are genuine concerns, can be addressed” through immigration being “properly managed”. “It’s the fear of not knowing what’s going on in your own community, and that’s why, for me, community engagement and consultation is key, right? People are gonna come, right? You can’t stop people coming, but what you have to make sure is when people arrive to claim international protection, there’s a proper process,” Ó Broin tells them. It is understood there have not been any incidents affecting the safety of local residents involving residents of this accommodation centre. Sinn Féin’s immigration manifesto, launched last week, promises to take the provision of accommodation for international protection applicants into complete state control, and pledges that new purpose built centres will not be located in deprived communities. Sinn Féin’s Ó Broin explains that to protect “community cohesion”, good quality accommodation has to provided in communities that “have capacity”, not in those that have been marginalised, and which are struggling already with a lack of basic infrastructure. He says these areas are identifiable using the produced by Pobal, the state’s social inclusion agency. By that metric, would areas in this constituency be suitable for new centres – in, say, Lucan, much of which is classified as “affluent” or “very affluent” by Pobal? Ó Broin seems to accept this could indeed by the case, telling that “the definition of ‘deprived’ is objective, and it has to be”, and adding that “large parts of Dublin city” would be deemed suitable for new centres under Sinn Féin’s plan. However, he adds that Sinn Féin would additionally require audits of local services to check whether there are enough school places and GP places before new accommodation for international protection applicants is approved. It sounds like you could rule out almost every area of Dublin with those additional criteria? “No, I don’t believe that,” Ó Broin says, reiteriating that he “absolutely” believes there are areas of Dublin that would right now be suitable for new asylum accommodation. He adds that while he advocates for more community consultation, he does not believe anyone should get a “veto” in the same way that nobody gets to veto Irish people moving into their area. “It’s about respect. It’s about engagement. It’s about talking to people, letting people know what the plan is,” he says. Sinn Féin wants to lead Ireland’s first left-wing government after the election, so if it gets enough seats there’s no doubt Social Democrats leader Holly Cairns will be getting a call from her counterpart, Mary Lou McDonald. For her part, Cairns has indicated she hasn’t ruled out taking that call and talking to Sinn Féin. What do the two Eoin Ó Broins think are the biggest points of difference between their parties? Sinn Féin’s Ó Broin says: “Sinn Fein is the only political party that can lead an alternative government of change. So if people want a change of government, they really need to think wisely as to where they give that vote.” He adds that there are “significant policy differences” between the two parties; the examples he gives are USC (Sinn Féin wants to reduce this tax and the Social Democrats don’t) and the fact that a united Ireland is a “key part of [Sinn Féin's] agenda”. He acknowledges that on healthcare and childcare the two parties’ policies “chime”, but claims Sinn Féin’s housing and other policies are more comprehensive. The other Eoin Ó Broin says the Social Democrats are a “coherent, centre-left party in an international left-wing tradition, whereas Sinn Féin struggle to define where they are politically”. “Migration is a good example,” he says, instancing Sinn Féin’s election literature ahead of the June local elections, which stated that the party was opposed to open borders. “That’s rhetoric borrowed from the United States. The EU has open borders by default. There’s an open border with Northern Ireland that they fought very hard to keep. So it’s that kind of inconsistency, I would say, which differentiates us,” the Social Democrats’ Ó Broin says. He adds that he believes it to be “disingenuous to people” for Sinn Féin “put it out there that we can have a society without property taxes or carbon taxes”. “We’re solid that we want healthcare, education, childcare, elderly care, to be available free at the point of use and paid for by tax, and we’re strong on the environment as well,” he adds. in this election, so Sinn Féin will be hoping it can once again return two TDs, Ó Broin and Mark Ward. Fine Gael TD Emer Higgins will also try to bring in a running mate, while Fianna Fáil, which lost its seat in 2020, is also running two candidates. People Before Profit TD Gino Kenny is running again. The Social Democrats aren’t the only party to have poached an Independent councillor – Labour has nabbed Clondalkin’s longstanding council poll-topper, Francis Timmons. Independent councillor and former Green Party TD Paul Gogarty, who topped the poll in the June elections in Lucan, could benefit from the fact that the incumbent TDs skew to the Clondalkin end of the constituency, while Independent Ireland councillor Linda de Courcey is running on an immigration platform. There are also candidates from the Greens and Aontú, as well as the anti-EU Irish Freedom Party and anti-immigration Irish People Party, along with other Independents.