New operating structure designed to increase efficiency and support continued growth

MARLBOROUGH, Mass., Oct. 7, 2026 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today announced the appointment of Joseph M. Fitzgerald to executive vice president and chief operating officer (COO), effective Jan. 1, 2027. In this role, Fitzgerald will oversee the company's global operations, business units and regions.

In connection with Fitzgerald's appointment, Boston Scientific will establish three reportable segments* — Interventional Therapies, Rhythm Solutions and MedSurg also effective Jan. 1. As the company continues to grow and expand its portfolio, the structure is designed to enable faster decision making and support strategic allocation of investments across the company's portfolio.

"Joe's deep knowledge of our business and markets, strategic leadership and strong track record of execution make him well suited for this role," said Mike Mahoney, chairman and chief executive officer, Boston Scientific. "These changes reflect the scale and breadth of our business today and the opportunities ahead. The new operating model will create greater capacity to focus on our long-term growth priorities while enabling our businesses to move faster and remain close to our customers and their patients."

Lance Bates, executive vice president and president, Interventional Therapies, will lead the global Interventional Therapies segment, which will include the Penumbra business following the anticipated close of the acquisition. Nick Spadea-Anello, executive vice president and president, Atrial Fibrillation Solutions, will lead the global Rhythm Solutions segment. Stephen Morse, senior vice president and president, Asia Pacific, will serve as executive vice president and president, MedSurg and Asia Pacific. Each will report to Fitzgerald.

Fitzgerald currently serves as executive vice president and group president, Cardiovascular, Boston Scientific. Under his leadership, the company has strengthened its portfolio through organic innovation, strategic investments and commercial execution, introducing new technologies that have advanced care for patients around the world.

*Interventional Therapies will include the Interventional Cardiology, Vascular Therapies and Interventional Oncology & Embolization businesses; Rhythm Solutions will include Electrophysiology, WATCHMAN and Cardiac Rhythm Management & Diagnostics; and MedSurg will include Endoscopy, Urology and Neuromodulation.

About Boston Scientific

Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at www.bostonscientific.com and follow us on LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "may," "intend" and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our management transition and organizational plans, business plans and product performance, and financial performance. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.

Risks and uncertainties that may cause such differences include, among other things: economic conditions, including the impact of foreign currency fluctuations; future U.S. and global political, competitive, reimbursement and regulatory conditions, including changing trade and tariff policies; geopolitical conflicts and tensions; manufacturing, distribution and supply chain disruptions and cost increases; disruptions caused by cybersecurity events; disruptions caused by public health emergencies or extreme weather or other climate change-related events; labor shortages and increases in labor costs; variations in outcomes of ongoing and future clinical trials and market studies; new product introductions; expected procedural volumes; the closing and integration of acquisitions; demographic trends; intellectual property; litigation; financial market conditions; the execution and effect of our business strategy, including our cost-savings and growth initiatives; and future business decisions made by us and our competitors. New risks and uncertainties may arise from time to time and are difficult to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements, except as required by law. This cautionary statement is applicable to all forward-looking statements contained in this press release.

SOURCE Boston Scientific Corporation

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TYSONS, Va., Oct. 7, 2026 /PRNewswire/ -- Oddball, a leading digital services agency modernizing government technology, today announced the appointment of Kathy Klapacz as Chief Operating Officer.

Kathy brings 20 years of executive leadership experience scaling federal programs and technology organizations across defense and civilian health agencies, including the Centers for Medicare & Medicaid Services (CMS), Department of Health and Human Services (HHS), and Defense Health Agency (DHA). Her expertise spans operational strategy, technology transformation, and delivering mission-critical solutions.

Throughout her career, Kathy has led complex federal portfolios exceeding $100 million and organizations of more than 400 personnel. Her experience includes overseeing large-scale federal technology modernization initiatives, cloud transformation, and operational strategy, with a proven track record of strengthening delivery performance and supporting organizational growth.

"Kathy brings the rare combination of operational rigor, deep federal market experience, and people-centered leadership that Oddball needs as we continue to scale," said Marybeth Wootton, Chairwoman of Oddball's Board of Directors. "Her ability to connect delivery, technology, customer needs, and growth will be instrumental as we build on Oddball's strong foundation."

As Chief Operating Officer, Kathy will oversee operational strategy and execution, strengthening collaboration across delivery, engineering, and growth while preserving Oddball's culture, technical excellence, and mission focus.

"What drew me to Oddball is the combination of an incredibly talented team, a strong culture, and a genuine commitment to delivering meaningful outcomes for our customers," said Klapacz. "I'm excited to build on that foundation and help Oddball scale in a way that preserves what makes the company special."

Kathy holds an MBA from the University of Maryland University College and a Bachelor of Science in Industrial Engineering from Penn State University. She also holds PMP, CSM, and ITIL certifications.

About Oddball

At Oddball, we're not just another agency – we're a strangely human force driving innovation in government digital services. Our team consists of experienced engineers, program managers, and other commercial tech professionals, and our passion lies not just in creating solutions but also in collaboratively addressing client challenges. Oddball takes pride in supporting federal clients throughout the entire process – from design to deployment.

We specialize in crafting scalable solutions that are purpose-built for the citizens they serve and the workforces they empower.

SOURCE Oddball

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SAN JOSE, Calif., Oct. 7, 2026 /PRNewswire/ -- Today, eBay released its 2026 Recommerce Report, new global research showing that secondhand shopping is becoming a more deeply embedded part of everyday life. The research indicates that consumers around the world are increasingly turning to recommerce for value, selection, sustainability and connection.

Based on surveys of more than 10,500 consumers and more than 1,700 eBay sellers across several markets, the report demonstrates a meaningful shift in the role of recommerce: what was once a more occasional or discretionary way to shop is increasingly becoming an engrained part of how consumers and eBay sellers manage household budgets and make everyday purchasing decisions.

Among the report's key global findings:

- 70% of global consumers surveyed consider secondhand shopping important for managing their household budgets.

- 47% say they buy secondhand goods at least monthly, up from 35% in 2025.

- 76% say they have shopped for secondhand products in the past year.

- 89% plan to spend the same or more on secondhand goods next year.

- Younger consumers continue to lead the shift, with 53% of 18–29-year-olds expecting to buy more secondhand products over the next 12 months, compared with 36% overall.

For the first time, eBay's research shows U.S. consumers place greater importance on secondhand for managing household budgets than consumers globally. In the U.S., 36% of consumers surveyed say secondhand is "very important" to managing their household budgets, compared with 28% globally. The new research shows the meaningful role recommerce can play for sellers, too: 45% of U.S. eBay sellers say resale provides supplemental income, while 25% say the money from their sales has provided vital support for their household income. With millions of sellers from around the world on the platform and approximately 70% of eBay sales coming from small businesses, these findings underscore how recommerce is increasingly helping people stretch their budgets as buyers while also creating economic opportunity for sellers.

"Recommerce has been core to our marketplace for 30 years, and this year's report makes clear that its role in people's lives is only growing," said Jamie Iannone, Chief Executive Officer at eBay. "With more than 2 billion live eBay listings, consumers around the world are embracing secondhand for the affordability, quality, trust, and discovery it offers. eBay is proud to help power that global shift by connecting people with the products they love and the economic opportunity that recommerce creates."

The report also points to several forces shaping the next chapter of recommerce:

- There is significant opportunity to unlock more supply: 85% of surveyed eBay sellers source secondhand inventory from their own belongings, highlighting the potential to bring more of the items sitting in homes and closets back into circulation.

- At the same time, sustainability remains a powerful part of the story, with 83% of consumers surveyed agreeing that recommerce has real environmental benefits.

- And as recommerce grows more social and interactive, 54% of consumers say community and shared connections, like live shopping, are important to their secondhand shopping experience.

About the Research

The 2026 Recommerce Report is based on two surveys conducted online in partnership with Bounce Insights, a leading agile research platform. The external survey included 10,522 consumers across the U.S., U.K., Germany, Poland, France, Italy, Spain, Australia, Austria, and Japan. The survey fieldwork took place between July 9, 2026 and July 27, 2026. Respondents included consumers who have engaged in recommerce, defined as individuals who have bought pre-loved or secondhand goods. In addition, a survey of 1,707 eBay sellers was conducted between July 15, 2026 and August 10, 2026 across the U.S., U.K., Germany, France, Italy, Australia, and Japan. Respondents included active eBay sellers who have engaged in recommerce by selling pre-loved or secondhand goods on the platform.

About eBay

eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2025, eBay enabled $80 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

SOURCE eBay Inc.

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- Volumetric Building Companies cuts operational cycle times by 50% with SAP Cloud ERP

- Second Nature Brands extends and strengthens their common enterprise platform following its Voortman acquisition

- Modernized ERP foundation positions clients to scale operations and support AI-readiness

ARMONK, N.Y., Oct. 7, 2026 /PRNewswire/ -- IBM (NYSE: IBM) today announced IBM Ready for SAP Solutions to help midsize and fast-growing organizations accelerate cloud ERP modernization, unify enterprise data, and establish an AI-ready digital core. Volumetric Building Companies and Second Nature Brands are among the clients using the solution to support growth and future AI initiatives.

Volumetric Building Companies (VBC), a global modular construction company, reduced operational cycle times by 50% across purchasing, manufacturing, and inventory processes following a three-month SAP Cloud ERP transformation with IBM. Second Nature Brands, a portfolio company and creator of premium snacks and treats, recently completed an SAP Cloud ERP transformation with IBM that integrated its acquired Voortman Bakery business and established a common enterprise platform for its operations.

The two transformations demonstrate how IBM Ready for SAP Solutions can support different business needs, from improving operational efficiency to integrating acquired businesses onto a common enterprise platform.

"As our business continues to grow, we needed technology that could scale with us and give our teams a more connected way of operating," said Chris Macies, COO, Volumetric Building Companies. "By modernizing our ERP environment with IBM, we now have unified visibility across our supply chain and operations, helping our teams move faster and make more informed decisions with greater visibility throughout the manufacturing process. Just as importantly, we've established a scalable digital foundation that positions VBC to support future automation and AI initiatives as we continue to grow."

"Successfully integrating an acquisition is about more than combining operations. It's about quickly implementing and expanding a unified foundation built for future growth," said Jeff O'Gradney, VP IT, Second Nature Brands. "Working with IBM, we successfully integrated the Voortman Bakery business and expanded our common enterprise platform that positions Second Nature Brands to scale more efficiently as one organization."

Bringing together IBM's industry expertise, fit-to-standard delivery, and IBM Consulting Advantage, the company's AI-powered consulting delivery platform, IBM Ready for SAP Solutions is designed to help organizations accelerate transformation at scale.

"Businesses are under increasing pressure to operate with greater speed, efficiency and predictability, and many are implementing AI to improve," said Dr. Tom Janoshalmi, Global Managing Partner, IBM Consulting. "But scaling AI requires a connected and modern enterprise foundation. VBC and Second Nature Brands started from different places, and now both run on a modern SAP platform built for what comes next."

Volumetric Building Companies and Second Nature Brands' transformations reflect a broader shift as companies focus on modernizing ERP systems to improve operational efficiency and prepare for AI. According to research from the IBM Institute for Business Value, 68% of enterprises say accelerating ERP modernization is important to improving operational efficiency and maintaining competitiveness.

"Businesses can unlock the greatest enterprise-wide value from AI when they connect intelligent technologies with rich data semantics, end-to-end business processes, industry expertise, and strong governance," said Santina Franchi, SAP Corporate Segment and GROW. "VBC and Second Nature Brands recognize this opportunity and are building a modern digital core with SAP and IBM Ready for SAP Solutions as the foundation for scaling their AI ambitions with confidence, speed, and reliability. Through this partnership, we are extending our GROW Fast methodology to help customers accelerate their journey to SAP Cloud ERP, enabling go-lives in weeks and creating a strong platform to expand across the SAP Autonomous Enterprise."

IBM Ready for SAP Solutions is currently available in limited countries and for specific industries. IBM plans to continue expanding availability of the solution globally across additional industries and markets. To learn more, visit ibm.com/consulting/sap-ibm-ready.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

Media contact:

Kristen Shah

IBM

[email protected] 

SOURCE IBM

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Rebrand expands the company's AI engagement portfolio and introduces a sports-focused revenue platform backed by CapStone Holdings

ASPEN, Colo., Oct. 7, 2026 /PRNewswire/ -- Structurely today announced its rebrand as 21X and the launch of 21X SPORTS, a new business vertical owned by 21X and developed in partnership with GameAbove Sports. The 21X name reflects a broader product portfolio built around the same commercial purpose that has guided Structurely for more than a decade: turn more customer conversations into revenue by capturing demand, sustaining follow-up and moving more opportunities toward action.

For existing customers, services, integrations, support relationships and platform access will continue without interruption under the 21X name. The new identity is built on the same experienced team, established platform and client relationships, strengthened by new investment and an expanding product portfolio. The platform draws on experience from more than 500 million conversations, with human feedback used to refine performance.

The 21X name builds on Structurely's proven foundation: representing the company's next phase and its ambition to multiply the value of every customer connection. Its brand promise is "21X. Multiply the power of connection." Under the new name, the company will expand that foundation with additional products, interfaces and AI tools designed to support both revenue growth and operating efficiency. The platform helps businesses engage customers faster and more relevantly while reducing the cost of routine conversations. AI manages initial interactions, answers questions and identifies intent, then routes the right opportunities to people when human judgment, expertise or relationships matter most.

"Structurely was built to help businesses create more revenue from the demand and customer relationships they already have. That focus does not change with 21X," said Corey Welch, CEO of 21X. "What changes is the scale of what we can offer: more products, more ways to engage and more tools that help customers grow top-line revenue, improve the customer experience and operate more efficiently."

CapStone Holdings Backs the Next Phase of Growth

CapStone Holdings remains the parent company of both 21X, formerly Structurely, and GameAbove, and is backing this next phase with new funding and resources. The commitment supports an expanded product portfolio, the launch of 21X SPORTS and the company's continued focus on long-term growth and operational excellence.

21X SPORTS Brings the Revenue Platform to Sports

21X SPORTS will help collegiate athletic departments, professional and minor league teams, leagues, and sports product and apparel companies pursue incremental revenue from existing fan and customer databases. Potential applications include ticket sales and renewals, lapsed-buyer reengagement, merchandise offers and other revenue campaigns. Across voice, SMS and email, AI can initiate engagement, answer questions, identify interest, present relevant opportunities and connect qualified fans or customers with team personnel when appropriate. For enterprise organizations already managing multiple systems, 21X SPORTS is designed to consolidate AI-powered engagement, voice, SMS, email and workflow orchestration into one platform, reducing reliance on disconnected point solutions.

The result is a more responsive fan experience, better insight for sales and marketing teams, and more opportunities to generate ticketing, merchandise and other commercial revenue. By automating routine engagement and qualification, 21X SPORTS is designed to help organizations serve larger audiences without increasing staffing at the same rate.

GameAbove Sports will contribute sports-market relationships, business development experience and sales perspective, helping 21X SPORTS reach organizations seeking to improve ticketing, merchandise and other commercial revenue.

"Sports organizations have invested heavily in building fan and customer relationships, but many lack the capacity to engage those audiences consistently and at scale," said Keith J. Stone, founder and chairman of GameAbove. "21X SPORTS gives teams, leagues and sports businesses a practical way to turn more of that existing demand into commercial opportunity while creating a more responsive fan experience."

Experience a 21X live demo: call (330) 222-6156 and hear the difference.

To learn more about how 21X helps organizations create more revenue from the customers they already have, visit 21Xai.com.

About 21X

21X, formerly known as Structurely, is an AI engagement infrastructure company that helps businesses grow revenue, improve customer experiences and operate more efficiently. Built on more than a decade of experience in real customer conversations, 21X uses AI across voice, SMS and email to respond, understand intent, guide customers toward the right next action and route appropriate opportunities to live personnel. The company serves organizations in real estate, mortgage lending, life insurance, aviation and sports. Learn more at 21Xai.com.

About GameAbove Sports

GameAbove Sports is focused on global sports business development and strategic investments. It works across teams, franchises, leagues, events, sports-related companies and community initiatives to advance growth and opportunity in sports. Learn more at gameabovesports.com.

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Multi-talented performer helps bring playful new campaign to life

SACRAMENTO, Calif., Oct. 7, 2026 /PRNewswire/ -- Blue Diamond Growers, the world's leading almond marketer and processor, today announced a partnership between the newly launched Blue Diamond Almondmilk and world-renowned dancer, actress and host Julianne Hough. The collaboration brings Julianne's unmistakable energy, creativity and sense of fun to two new spots inspired by the nostalgic joy people are craving right now, while giving classic kitchen moments a fresh, feel-good twist.

The campaign features two Blue Diamond Almondmilk varieties: Unsweetened Simple, made with just three ingredients: water, almonds and sea salt; and Chocolate Protein, featuring an indulgent, deep chocolate flavor with 8 grams of plant protein. Both varieties are versatile enough for any routine, whether poured into iced coffee or matcha, enjoyed with cereal, blended into smoothies, stirred into overnight oats or simply sipped straight from the glass.

From the initial concept through the final spots, Julianne was heavily involved in shaping the creative. The two spots reflect her personality, active lifestyle and love of movement, with choreography she created specifically to make Blue Diamond Almondmilk the perfect partner for an anything-but-ordinary day.

"Julianne brought such a joyful, hands-on energy to every part of this partnership," said Maya Erwin, Vice President Marketing and Innovation, Blue Diamond Growers. "She understood exactly how to make the spots feel playful, nostalgic and completely her own. We're thrilled to pair her creativity and passion for movement with the delicious and simple versatility of Blue Diamond Almondmilk."

With a busy schedule that includes dancing, performing, traveling and creating, Julianne looks for simple choices that help keep her moving. Blue Diamond Chocolate Protein Almondmilk offers the protein boost and Unsweetened Simple brings the simple ingredients she craves – whether she's starting her day, refueling after a workout or turning the kitchen into her own personal dance floor.

"My lifestyle is always on the go, so I'm constantly looking for delicious, feel-good ways to fuel my day," said Julianne Hough. "Blue Diamond Almondmilk is a natural fit for me, and it's something my dad and I both genuinely love. I had so much fun bringing the creative to life and leaning into that nostalgic feeling of dancing around the kitchen, making everyday moments a little more joyful."

Press materials, including video assets, photography, stills and campaign credits, are available for download here.

For more information on Blue Diamond Almondmilk, visit BlueDiamond.com.

About Blue Diamond

Blue Diamond Growers, a grower-owned cooperative representing approximately 3,000 of California's almond growers, is the world's leading almond marketer and processor. Established in 1910, it created the California almond industry and opened world markets for almonds. Blue Diamond is dedicated to delivering the benefits of almonds around the world and does so by providing high-quality almonds, almond ingredients, and branded products. Headquartered in Sacramento, the company employs about 1,250 people throughout its processing plants, receiving stations and gift shops. To learn more about Blue Diamond Growers, visit www.bluediamond.com and follow the company on Instagram, LinkedIn, and Facebook.

SOURCE Blue Diamond Growers

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TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM's incentive program

HELLERUP, Denmark, Oct. 7, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) has increased its share capital by 61,105 Class A shares, corresponding to a nominal increase of USD 611.05, as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). Of the new shares issued, 57,772 Class A shares were subscribed for in cash at DKK 179.80 per share, and 3,333 Class A shares were subscribed for in cash at DKK 124.20 per share.

Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any pre-emption rights for existing shareholders or others.

The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give the right to dividends and other rights in relation to TORM as of the date of issuance and (iii) are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.

After the capital increase, TORM's share capital totals to USD 1,027,118.82 divided into 102,711,882 A-shares with a nominal value of USD 0.01 each. Each A-share carries one vote.

Contact

Mikael Bo Larsen, Head of Investor Relations

Tel.: +45 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety, environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (NASDAQ: TRMD A) and (NASDAQ: TRMD). ISIN: GB00BZ3CNK81). For further information, please visit www.torm.com.

Safe Harbor Statement as to the Future

Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including "trade wars" and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis' attacks in the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers' abilities to perform under existing time charters; changes in the supply and demand for vessels comparable to ours and the number of newbuildings under construction; the highly cyclical nature of the industry that we operate in; the loss of a large customer or significant business relationship; changes in worldwide oil production and consumption and storage; risks associated with any future vessel construction; our expectations regarding the availability of vessel acquisitions and our ability to complete acquisition transactions planned; availability of skilled crew members other employees and the related labor costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries; effects of new products and new technology in our industry; new environmental regulations and restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks, upon our ability to operate; potential conflicts of interest involving members of our Board of Directors and Senior Management; the failure of counterparties to fully perform their contracts with us; changes in credit risk with respect to our counterparties on contracts; adequacy of insurance coverage; our ability to obtain indemnities from customers; changes in laws, treaties or regulations; our incorporation under the laws of England and Wales and the different rights to relief that may be available compared to other countries, including the United States; government requisition of our vessels during a period of war or emergency; the arrest of our vessels by maritime claimants; any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future government laws and regulations and trade policy matters, such as the imposition of tariffs and other import restrictions; potential disruption of shipping routes due to accidents, climate-related incidents, adverse weather and natural disasters, environmental factors, political events, public health threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to storage and receiving facilities; potential liability from future litigation and potential costs due to environmental damage and vessel collisions; and the length and number of off-hire periods and dependence on third-party managers.

In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

SOURCE TORM plc

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- Indonesia emerges as KT&G's largest overseas production base, with annual cigarette production capacity set to reach up to 35 billion sticks, strengthening its Asia-Pacific hub

- KT&G enters the final stage of its KRW 2.4 trillion overseas CAPEX program, backed by strengthened financial stability and continued commitment to enhancing shareholder and corporate value

SEOUL, South Korea, Oct. 7, 2026 /PRNewswire/ -- KT&G (CEO Bang Kyung-man) has begun full-scale operations at its new plant in Indonesia, completing a five-country global production system spanning South Korea, Indonesia, Russia, Kazakhstan, and Türkiye.

To mark the start of full-scale production, KT&G held an opening ceremony at the new plant in Pasuruan, East Java, on October 6 (local time). The event was attended by CEO Bang Kyung-man, KT&G executives and employees, Adhy Karyono, Regional Secretary of East Java Province, Yoon Soon-goo, Ambassador of the Republic of Korea to Indonesia, and other distinguished guests.

Indonesia is one of the world's major tobacco markets and an important export hub for the Asia-Pacific region. KT&G first entered the Indonesian market in 2011 through the acquisition of a local company. Since then, the company has launched ESSE, its globally leading super-slim cigarette brand, and JUARA, a brand developed specifically for Indonesia, and now ranks fourth in Indonesia's cigarette market by market share.

To meet growing demand in Indonesia and overseas markets, KT&G has built a new plant alongside its existing facility. Following an agreement with Indonesia's Ministry of Investment/Investment Coordinating Board (BKPM) in September 2023, the company broke ground on the new plant in April 2024 and began trial operations in the first half of 2026.

The new plant has now entered stable production. Once all nine cigarette manufacturing lines are installed, it will have an annual production capacity of up to 21 billion sticks. Combined with the existing plant's annual capacity of 14 billion sticks, KT&G's total cigarette production capacity in Indonesia is expected to reach up to 35 billion sticks, making Indonesia the company's largest overseas production base.

Leveraging Indonesia's strategic location between the Pacific and Indian Oceans, cigarettes produced at the new plant will be supplied not only to the Indonesian domestic market but also to overseas markets including Taiwan, Mongolia, Nigeria, and India. The new facility is expected to serve as a key export hub, supporting KT&G's expansion across the Asia-Pacific region and other global markets.

The construction of KT&G's new overseas plants is part of the growth investment program the company launched in January 2023. Following the completion of its new plant in Kazakhstan in April 2025 and the start of full-scale operations at the new Indonesia plant, KT&G has completed a significant portion of its previously announced KRW 2.4 trillion overseas capital expenditure program, unveiled in November 2024. Backed by strengthened financial stability, the company will continue to enhance shareholder value through share buybacks and cancellations, as well as increased dividend payouts.

Looking ahead, KT&G's four overseas production bases in Indonesia, Russia, Kazakhstan, and Türkiye are expected to have a combined annual production capacity of up to 65 billion sticks. By leveraging economies of scale and improving logistics efficiency, the company plans to increase the share of overseas production to more than 60% of its total production by 2028.

Bang Kyung-man, CEO of KT&G, said, "With the new plant in Indonesia as the final piece, KT&G has completed its large-scale overseas investment program and established a five-country global production system that will serve as a solid foundation for our global business and future growth. By strategically leveraging our production bases in Korea and overseas, we will maximize profitability, strengthen the competitiveness of our global business, and continue to increase shareholder and corporate value."

KT&G continues to expand its direct presence in global markets. The company currently operates six overseas subsidiaries in countries including Indonesia, Taiwan, Kazakhstan, and Uzbekistan, and six overseas branch offices in regions including Europe, Mongolia, and China.

SOURCE KT&G Corporation

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PUNE, India, Oct. 7, 2026 /PRNewswire/ -- ProMobi Technologies today announced that Scalefusion has now launched Veltar Vulnerability Management, a new capability that connects vulnerability detection and remediation within the Scalefusion platform. Veltar Vulnerability Management enables IT and security teams to identify vulnerabilities across managed Windows and macOS endpoints, assess and prioritize risk, and remediate vulnerabilities through Scalefusion UEM patch management.

Vulnerability management often spans separate security and endpoint management workflows. Security teams identify vulnerabilities, while IT teams manage the endpoints affected by them. Moving from vulnerability discovery to remediation can therefore require teams to work across multiple tools and workflows.

Veltar Vulnerability Management brings these stages together by connecting vulnerability intelligence with the endpoints being managed in Scalefusion UEM. Teams can discover vulnerabilities across operating system components and third-party applications, assess their severity and exploitability, prioritize remediation based on risk and threat context, and take remediation action through UEM patching.

"Vulnerability detection is only useful when teams can act on what they find," said Sriram Kakarala, Chief Product Officer, Scalefusion. "With Veltar Vulnerability Management, we are connecting vulnerability detection with endpoint management so security and IT teams can move from identifying exposure to remediation within a single workflow. This gives teams greater context around risk while reducing the operational effort involved in moving between security and endpoint management tools."

From vulnerability detection to remediation

Veltar Vulnerability Management combines vulnerability severity, threat intelligence, and endpoint context to help teams prioritize remediation. It uses signals including CVSS, EPSS, CISA Known Exploited Vulnerabilities data, and Device Risk Score to identify vulnerabilities and endpoints that require attention.

Once prioritized, teams can remediate affected Windows and macOS endpoints through Scalefusion UEM patch management, connecting vulnerability detection and remediation within the same platform without requiring a separate vulnerability management agent or manual data transfer between tools.

The capability extends Veltar's security portfolio across web security, device trust, compliance, and secure access, bringing vulnerability management closer to endpoint operations.

"Over the past three years, we have continued to expand Veltar around the endpoint, from web security and device trust to compliance and secure access," added Sriram Kakarala, Chief Product Officer, Scalefusion. "Vulnerability management extends that approach by connecting the identification of vulnerabilities with the systems and workflows used to resolve them."

Veltar Vulnerability Management is available for Windows and macOS endpoints and supports vulnerability detection across operating system components and third-party applications.

To learn more about Veltar Vulnerability Management, visit Scalefusion.

About Scalefusion

Scalefusion provides a comprehensive suite of products engineered to simplify endpoint, user, and access management for IT teams. The powerful product lineup includes Scalefusion UEM for streamlined device management, Scalefusion OneIdP for secure zero-trust access, and Scalefusion Veltar for advanced endpoint security. With over 12,000+ businesses in 120+ countries trusting our products, Scalefusion ensures your business is always one step ahead.

For more information, visit scalefusion.com.

SOURCE ProMobi Technologies Private Limited

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HSS-trained orthopedic spine surgeon adds surgical capacity and minimally invasive expertise as more patients seek care at the Reston spine center.

RESTON, Va., Oct. 7, 2026 /PRNewswire/ -- VSI Spine Solutions (formerly Virginia Spine Institute) announced that orthopedic spine surgeon Alexander Upfill-Brown, MD, MSc, has joined its nationally recognized surgical team. The addition expands VSI's surgical capacity to meet rising patient demand, giving patients faster access to comprehensive, spine surgeon-led care focused on personalized solutions and lasting results.

Dr. Upfill-Brown joins VSI after completing a spine surgery fellowship at Hospital for Special Surgery (HSS) in New York, an elite institution consistently ranked the nation's top orthopedic hospital.

"Patients are coming to VSI in greater numbers than ever, and we owe each of them timely access to expert spine care," said Christopher Good, MD, Spine Surgeon, President and CEO of VSI. "Dr. Upfill-Brown brings elite training, an esteemed research record, and a personal commitment to every patient's recovery and improving quality of life. With this expansion of our medical leadership, VSI enhances our surgical capabilities while prioritizing the personalized care we are known for."

Dr. Upfill-Brown's clinical and research interests include minimally invasive and endoscopic spine surgery, robot-assisted navigation, cervical and lumbar disc replacement, minimally invasive spinal fusion, and adult spinal deformity. He has authored or co-authored nearly 100 research publications, including a large review of outcomes after biportal endoscopic spine surgery in the European Spine Journal and studies on navigation in spinal fusion in The Spine Journal.

"For more than three decades, VSI has built a practice that brings together every specialty a spine patient needs for the best possible recovery," said Dr. Upfill-Brown. "I'm honored to join a team at the forefront of spine care, and I look forward to helping more people get back to the lives they love."

Dr. Upfill-Brown earned his medical degree from the David Geffen School of Medicine at UCLA and completed his orthopedic surgery residency at UCLA Medical Center. He holds a Master of Science from the University of Oxford and a Bachelor of Science in biology from Stanford University.

With Dr. Upfill-Brown's arrival, patients can schedule consultations at VSI's center, 11800 Sunrise Valley Drive, in Reston, Virginia, with convenient access from Dulles International Airport. Call 703-832-8018 or visit VSIspine.com.

About VSI

Founded in 1992 in Reston, Virginia, VSI (Virginia Spine Institute) is an independent, global destination spine center that has changed the lives of more than 100,000 patients. VSI brings spine surgeons, non-operative and regenerative medicine specialists, pain management, and physical therapy together under one roof to deliver personalized, comprehensive spine care. Learn more at www.vsispine.com.

SOURCE VSI

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