Market Newsdesk

NASHVILLE, Tenn., May 26, 2026 (GLOBE NEWSWIRE) — HRX, the premium racing apparel and safety gear brand built for performance, protection and modern motorsports style, in the Holley Performance Brands (NYSE: HLLY) portfolio, today announced that HRX driver Felix Rosenqvist won the 110th running of the Indianapolis 500 presented by Gainbridge, delivering the closest finish in race history.

Photo Credit: Meyer Shank Racing / Indianapolis Motor Speedway 

Rosenqvist secured victory by .0233 seconds, surpassing the previous record margin set in 1992. The race also established a new Indianapolis 500 record with 70 lead changes.

The win marks a notable milestone for HRX, the Italian motorsports racewear company Holley acquired earlier this year as part of the company’s continued expansion of its Safety & Racing portfolio, which includes Simpson, Stilo, HANS and RaceQuip.

“Winning the Indianapolis 500 is a significant achievement for both Felix and the HRX brand,” said Del Bohman, Vice President, Safety & Racing Division, Holley Performance Brands. “This result highlights HRX’s growing visibility within global motorsports and reinforces the strategic value the brand brings to our Safety & Racing portfolio.”

Holley acquired HRX in March 2026 to expand its racewear capabilities and strengthen the company’s position across European and international motorsports markets.

“This is an important moment for HRX and the teams and drivers who trust our products at the highest levels of racing,” said Ago Alberghino, CEO and Founder of HRX. “For a bespoke Italian racewear brand to be part of such an iconic moment in American motorsports history is incredibly special, and we’re proud to celebrate this achievement alongside Holley Performance Brands.”

Forward-Looking Statements

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) execute our business strategy, including monetization of services provided and expansions in and into existing and new lines or segments of business; (2) grow and manage growth profitably; (3) maintain relationships with customers and suppliers; (4) successfully integrate acquisitions or achieve the expected synergies from such acquisitions, including anticipated growth opportunities and operational efficiencies; (5) successfully design, develop, and market new, effective, and safe products, (6) expand into new markets or segments; (7) compete effectively in our market; (8) maintain and strengthen demand for our products and brands; (9) maintain successful and profitable partnerships; (10) achieve expected returns on investments; (11) predict and respond to customers’ changing preferences; and (12) the other risks and uncertainties set forth in the Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 16, 2026, and in any subsequent filings with the SEC.

About HRX

HRX delivers premium racing apparel and safety gear designed for drivers who expect performance, protection, and modern style. Built for motorsports participants who value technical function and professional presentation, HRX supports racers with gear made for confidence in and around the cockpit. 

About Holley Performance Brands

Holley Performance Brands (NYSE: HLLY) is home to a portfolio of iconic brands that serve enthusiasts across the high-performance aftermarket. The company designs, engineers, manufactures and markets category-leading products and solutions for automotive enthusiasts through a focused portfolio spanning four consumer vertical groupings: American Performance, Modern Truck & Off-Road, Euro & Import, and Safety & Racing. For more than a century, Holley has built its reputation through innovation, technical expertise and a deep understanding of enthusiast culture. For more information, visit holley.com.

Media Relations Contact(s):

Nathan Espinosa / Michael Murray
Kahn Media
818-881-5246
[email protected]

Investor Relations Contact(s):

Anthony Rozmus / Jenna Kozlowski
Solebury Strategic Communications
203-428-3324
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc24da9b-f42c-4db6-b469-4bf726e7dcb9

NORTH RICHLAND HILLS, Texas, May 26, 2026 (GLOBE NEWSWIRE) — TestEquity, a leading distributor of test and measurement solutions, electronics production supplies, and value-added services, today announced the appointment of several senior executives: Jacob Harris as Chief Sales Officer, Karen McGowan as Chief People Officer, John Leahy as Chief Merchandising Officer, Clifton Wu as Chief of Staff and Strategy, and Klaus Werner as Chief Digital and Marketing Officer. The company also recognized the promotion of William Bland to President of TestEquity / DSG Mexico, expanding its leadership footprint across North America.

The new leadership team supports TestEquity’s next phase of growth as the company strengthens its commercial go-to-market model and supplier partnerships, improves supply chain efficiency, and expands its value-added services platform and digital commerce capabilities. Together, the new leaders bring deep experience in electronics distribution, B2B ecommerce, merchandising, operations, and organizational transformation.

The timing is deliberate. Each appointment accelerates the execution of AmpX, TestEquity’s multi-year growth strategy focused on customer experience, operational excellence, scalable execution, and digital expansion across the electronics manufacturing and test and measurement ecosystem.

Demand is shifting, and TestEquity is built for this moment as manufacturers across aerospace, defense, medical, and industrial markets increasingly seek integrated supply chain partners capable of supporting sourcing, production, testing, calibration, and inventory management at scale.

“TestEquity already has a strong position in the electronics distribution market,” said Barry Litwin, Chief Executive Officer of TestEquity. “These leaders joined to give us the depth to accelerate execution of our AmpX growth strategy across the priorities that matter most to our customers and supplier partners: commercial alignment, merchandising strategy, organizational capability, and digital commerce. This is what a best-in-class team looks like. Our job now is to execute.”

“We’re building a leadership structure that scales with our ambitions,” said Mark Riordan, Chief Financial Officer of TestEquity. “Every one of these roles maps directly to a growth lever with measurable impact on revenue, margin, and long-term value creation.”

Executive Leadership Appointments

Jacob Harris, Chief Sales Officer

Joined January 5, 2026.


Harris spent 26 years at Arrow Electronics, progressing through regional and global commercial leadership roles in test and measurement and electronics distribution. At TestEquity, he oversees commercial alignment, customer growth, and strategic account and supplier partnerships.

Karen McGowan, Chief People Officer

Joined October 20, 2025.

McGowan brings more than 30 years of HR leadership at scale, including senior roles at Swarovski and Gap Inc. She leads TestEquity’s talent strategy, organizational development, and culture.

John Leahy, Chief Merchandising Officer

Joined April 13, 2026.

Leahy brings nearly 30 years of merchandising and supplier management experience, including management of more than $4 billion in annual spend at Grainger and global sourcing leadership at True Value. At TestEquity, he is responsible for product assortment, supplier relationships, category management, and pricing.

Clifton Wu, Chief of Staff and Strategy

Joined July 21, 2025.

Wu brings over 20 years of strategy and business transformation experience, including three years as Chief of Staff at Global Industrial and six years in senior strategy roles at Citi. At TestEquity, he is responsible for driving strategic initiatives and operational execution.

Klaus Werner, Chief Digital and Marketing Officer

Joined October 1, 2025.

Werner has led digital transformation and B2B ecommerce at Global Industrial, HD Supply, and Lowe’s. At TestEquity, he oversees digital commerce, marketing, and customer analytics as the company expands its omnichannel capabilities.

William Bland, President, TestEquity / DSG Mexico

Promoted January 2026.

Bland brings nearly three decades of experience at Hisco and TestEquity. He leads operations across 12 locations in Mexico and Central America, focused on growing DSG’s TestEquity, Gexpro Services, and Lawson Products businesses through integrated supply chain solutions, value-added manufacturing, and measurable customer cost savings.

About TestEquity LLC

TestEquity is a leading distributor of test and measurement solutions, electronics production supplies, and value-added services supporting customers across the full electronics lifecycle. Its services platform includes VMI, calibration, fabrication, rental, and refurbished equipment programs. The company serves customers across aerospace, defense, medical, automotive, energy, and advanced manufacturing through its family of brands, including TestEquity, Hisco, and TEquipment. TestEquity is an operating company of Distribution Solutions Group, Inc. (NASDAQ: DSGR).

Learn more at www.testequity.com.

Media Contact

Lacey Nichols Vice President, Marketing, TestEquity

[email protected]
  

MIAMI, May 26, 2026 (GLOBE NEWSWIRE) — Defiance ETFs today announced that the Defiance Quantum Computing ETF (NYSE Arca: QTUM), the first and largest U.S.‑listed ETF dedicated to quantum computing, has surpassed $5 billion in assets under management. The milestone arrives the same day the Trump administration unveiled an approximately $2 billion federal funding initiative for U.S. quantum computing companies — the most significant federal commitment to the quantum industry to date and a defining inflection point for the sector.

According to reporting by the Wall Street Journal and confirmed in part by the U.S. Department of Commerce, the package includes a $1 billion award to IBM — anchoring a new U.S.‑based quantum chip foundry, Anderon — alongside $375 million for GlobalFoundries and approximately $100 million each for D‑Wave Quantum, Rigetti Computing, Infleqtion, and additional recipients. In exchange, the federal government will take minority equity stakes in each company, extending the industrial‑policy framework first applied to Intel in 2025.

QTUM holds direct, index‑rules‑based exposure to several of the companies named in the initiative — including IBM, D‑Wave Quantum, Rigetti Computing, IonQ, and Honeywell — as part of a diversified portfolio of approximately 86 global quantum computing and machine‑learning constituents. Holdings are subject to change. For a complete list of QTUM’s holdings, visit www.defianceetfs.com/qtum-full-holdings

“Today is a watershed moment for the U.S. quantum industry. When we launched QTUM in 2018, the quantum thesis was viewed as a decade‑out science project. With today’s announcement, the federal government has moved from research patron to strategic capital allocator — taking direct equity in the companies it believes will define the next computing paradigm. Crossing $5 billion in AUM alongside this kind of policy validation reflects how seriously investors and policymakers now take the quantum opportunity.”

— Sylvia Jablonski, CEO and CIO, Defiance ETFs

About QTUM

The Defiance Quantum Computing ETF (QTUM) launched in September 2018 as the first U.S.‑listed ETF providing pure‑play exposure to companies developing quantum computing, quantum hardware, and applied machine learning. The fund seeks to track the BlueStar Quantum Computing and Machine Learning Index, a modified equal‑weight benchmark of global companies materially engaged in the development and commercialization of quantum technologies.

QTUM carries an expense ratio of 0.40% and has earned a 5‑Star Overall Morningstar Rating™ within the US Fund Technology category, rated among 221 funds (three‑year) and 199 funds (five‑year) as of March 31, 2026.

Fund Inception	September 4, 2018
Expense Ratio	0.40%
Primary Exchange	NASDAQ
Index	BlueStar Quantum Computing and Machine Learning Index (BQTUM)
Number of Holdings	86
Morningstar Rating™	5 Stars Overall (as of 3/31/2026)

Standardized Performance (as of April 30, 2026)

Cumulative Total Return

Cumulative (NAV)	YTD	1 Month	3 Months	6 Months	Since Inception
Total Return NAV (%)	22.07%	25.24%	15.27%	16.84%	469.57%
Market Price (%)	22.48%	24.91%	15.89%	17.16%	472.02%

Average Annual Total Return

Average Annual Total Return	1 Year	3 Years	5 Years	Since Inception
Total Return NAV (%)	79.88%	46.59%	23.91%	25.53%
Market Price (%)	80.81%	46.64%	23.97%	25.60%

Performance data quoted represents past performance. Past performance does not guarantee future results; current performance may be lower or higher than the performance quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Short‑term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while NAV represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day. To obtain performance data current to the most recent month‑end, please visit defianceetfs.com/qtum or call 833.333.9383.

About Defiance ETFs

Founded in 2018, Defiance ETFs is a leading issuer of thematic, leveraged, and income‑focused exchange‑traded funds, with a product suite including QTUM, AIPO, JEDI, UFOX, ONDL, and others. For more information, visit www.defianceetfs.com.

Media Contact:

Sylvia Jablonski
[email protected]
833.333.9383

IMPORTANT RISK INFORMATION

The fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company and may be obtained at defianceetfs.com or by calling 833.333.9383. Please read carefully before investing.

Investing involves risk. Principal loss is possible. As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the fund. The fund is not actively managed and would not sell a security due to current or projected under‑performance unless that security is removed from the index or is required upon reconstitution of the index. A portfolio concentrated in a single industry or country may be subject to a higher degree of risk. The value of stocks of information technology companies is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation, and competition. The fund is considered non‑diversified, so it may invest more of its assets in the securities of a single issuer or a smaller number of issuers. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability; this risk is magnified in emerging markets. Small‑ and mid‑cap companies are subject to greater and more unpredictable price changes than securities of large‑cap companies. The possible applications of quantum computing are only in the exploration stages, and the possibility of returns is uncertain and may not be realized in the near future.

Morningstar Disclosure: The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. ©2026 Morningstar, Inc. All Rights Reserved.

The “BlueStar Quantum Computing and Machine Learning Index™”, “BQTUM™ Index” (collectively “Quantum Computing and Machine Learning Index”), is the exclusive property and a trademark of BlueStar Global Investors LLC d/b/a BlueStar Indexes® and has been licensed for use for certain purposes by Defiance ETFs LLC. Products based on the Quantum Computing and Machine Learning Index are not sponsored, endorsed, sold or promoted by BlueStar Global Investors, LLC or BlueStar Indexes®, and BlueStar Global Investors, LLC and BlueStar Indexes® makes no representation regarding the advisability of trading in such product(s). It is not possible to invest directly in an index.

QTUM is distributed by Foreside Fund Services, LLC. Defiance ETFs is not affiliated with, endorsed by, or sponsored by the U.S. Department of Commerce, the Trump administration, IBM, or any of the companies named in the federal quantum funding initiative.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/633a71ac-b126-41b1-abaa-56680af4e6c8