Velan Inc. SV (TSE:VLN) has released an update.
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Velan Inc., a leading industrial valve manufacturer, has reported a significant improvement in financial performance for the second quarter of fiscal 2025, with a substantial increase in sales, bookings, and order backlog, highlighting strong demand from clean energy markets. The company also announced a new Main Services Agreement with GEH SMR Technologies Canada Ltd. and reached a new three-year collective agreement with union members at its Vermont plant.
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