UL Solutions - ULS STOCK NEWS

UL Solutions (NYSE: ULS), a global leader in applied safety science, has announced its upcoming first quarter 2025 financial results release, scheduled for Tuesday, May 6, before market opening. The company will host a webcast and conference call at 8:30 a.m. EDT (7:30 a.m. CDT) on the same day to discuss the results.

The conference call will be streamed live online with an accompanying slide presentation, accessible through the Investors section of UL Solutions' website. For those unable to attend the live broadcast, an audio replay will be available on the company website for 30 days.

UL Solutions (NYSE: ULS) has announced major updates to testing methods for battery energy storage systems (BESS), important for renewable energy storage. The enhanced methods, part of the fifth edition of ANSI/CAN/UL 9540A, address innovations including tests for non-lithium-ion batteries like sodium-ion technology, while focusing on fire risk mitigation.

The updates include clearer criteria for cell-to-cell propagation, high-temperature test methods for various battery chemistries, and protocols for rooftop and open-garage BESS installations. The standard provides a standardized method to evaluate thermal runaway susceptibility and related fire hazards in battery systems.

The test data helps determine necessary safety measures and demonstrates compliance with codes including NFPA 855 and various fire codes. UL 9540A remains the only consensus standard referenced in NFPA 855 for Large-scale Fire Testing in the U.S. and Canada.

UL Solutions (NYSE: ULS) has announced the opening of its expanded Songshan Lake IoT Laboratory in Dongguan, China. The new 36,000-square-foot facility replaces a smaller location and significantly enhances the company's testing capabilities for connected and wireless devices.

The state-of-the-art facility features expanded EMC chambers for electromagnetic compatibility testing, focusing on products ranging from household appliances to industrial equipment. The laboratory offers comprehensive testing services including wireless, telecommunications, advanced 5G New Radio, Wi-Fi technologies, automotive testing, and IoT evaluations with cybersecurity certifications.

Key features include advanced Wi-Fi 6E/7 testing systems and a USB-Type C test platform for CE Radio Equipment Directive compliance. This expansion complements UL Solutions' global network of testing facilities across India, Italy, Japan, South Korea, Taiwan, the UK, and multiple locations in the US.

UL Solutions (NYSE: ULS) has announced the opening of a new 58,000-square-foot Retail and Consumer Products Laboratory in Ningbo, China. The facility, strategically located near UL Solutions' existing Shanghai laboratory, expands testing capabilities in the Yangtze River Delta region.

The new laboratory offers comprehensive safety, quality, performance, and chemical testing capabilities for textiles, footwear, furniture, and electronics packaging under one roof. Notable features include newly added furniture flammability testing and on-site subject matter experts available for real-time collaboration.

This expansion complements UL Solutions' 65,000-square-foot Shanghai facility in Caohejing Hi-Tech Park, which tests products ranging from personal care items to toys. The company operates 18 dedicated retail and consumer product testing facilities globally, including locations in Italy, Bangladesh, India, Vietnam, Arkansas, and Shenzhen.

UL Solutions (NYSE: ULS) has announced that LG Display's OLED televisions and monitors have achieved UL Solutions Eyesafe Verification, marking a global first. This verification validates LG Display's claims about reduced blue light emissions in their OLED products.

The verification process evaluated the devices using Eyesafe® Display Requirements 3.0, which includes Radiance Protection Factor (RPF®) and Circadian Protection Factor (CPF) methodologies. The OLED displays achieved an RPF40 rating for blue light toxicity, color gamut, and color temperature standards, and a CPF60 rating for blue light emission reduction.

This certification allows LG Display to use the UL Eyesafe Verified Mark on their products, packaging, and marketing materials. The verification process, developed with eye care professionals and scientists, establishes baseline standards for blue light filtration and color performance.

Evnia and UL Solutions have announced a strategic partnership to enhance environmental compliance and Extended Producer Responsibility (EPR) management services. The collaboration combines Evnia's expertise in ecofee management with UL Solutions' knowledge in compliance-assistance and safety services, particularly focusing on the North American retail product compliance sector.

The partnership aims to provide comprehensive solutions for companies facing new EPR laws, especially U.S.-based organizations. François Parent, General Manager of Evnia, emphasized their mission to simplify ecofee management, while Kieran Callahan from UL Solutions highlighted the introduction of a proven EPR reporting solution.

The joint initiative will support industries including retail, pharmaceuticals, cosmetics, and automotive sectors, streamlining ecofee reporting processes while ensuring adherence to environmental standards across North America.

UL Solutions (NYSE: ULS) has announced plans to develop an advanced automotive electromagnetic compatibility (EMC) testing laboratory in Toyota City, Japan. The facility, named UL Solutions Automotive Technology and Innovation Center, is set to open in the second half of 2026.

The 25,000 square-foot facility will feature high-voltage chambers capable of handling up to 25,000 RPM, over 3,500 torque, and power supply delivering up to 1,500 volts and 1,000 amp. Located in the Tokai region, a major automotive hub, the lab will help manufacturers test and protect against electromagnetic interference in vehicle systems.

The development aligns with Japan's position as the world's third-largest vehicle manufacturer, producing around 9 million vehicles in 2023. The automotive EMC testing market, valued at $1.7 billion in 2023, is projected to reach $2.7 billion by 2030.

UL Solutions (NYSE: ULS) has filed a lawsuit against Fly-E Group (NYSE: FLYE) and its subsidiaries for allegedly counterfeiting the UL Mark on their e-mobility products. The lawsuit targets Fly-E Group's entire line of e-bikes, e-scooters, and e-motorcycles that were falsely advertised as UL Certified without undergoing proper product testing.

The complaint accuses Fly-E Group of federal trademark infringement, using false descriptions in violation of the Trademark Act of 1946, unfair competition, unjust enrichment, and deceptive trade practices under New York law. UL Solutions is pursuing a permanent injunction, statutory damages, and punitive damages, citing the defendant's intentional infringement and disregard for consumer safety.

The UL Mark, used since 1937, appears on billions of products as a symbol of safety certification. UL Solutions has requested a trial by jury for the case.

UL Solutions (NYSE: ULS) has appointed Scott D'Angelo as executive vice president and chief legal officer, effective April 21, 2025. D'Angelo will oversee the legal, brand integrity, ethics and compliance functions, reporting directly to President and CEO Jennifer Scanlon.

D'Angelo joins UL Solutions from his previous role as vice president, chief legal and administrative officer and corporate secretary at CTS Corp. His prior experience includes positions at Baker McKenzie, Fortune Brands Innovations, and a 12-year tenure at McDonald's Corp where he served as divisional general counsel and other senior roles.