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  • MIL-OSI USA: Chairman Crapo Releases Finance Committee Reconciliation Text

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) today released legislative text within the Finance Committee’s jurisdiction for inclusion in Senate Republicans’ budget reconciliation bill.
    “This bill prevents an over-$4 trillion tax hike and makes the successful 2017 Trump tax cuts permanent, enabling families and businesses to save and plan for the future. 
    “It delivers additional tax relief to middle-class families still recovering from record inflation under the Biden Administration.  It powers the economy by permanently extending critical pro-growth provisions and introduces new incentives for domestic investment, providing certainty for American job creators to spur domestic economic activity and invest in their workers.
    “The legislation also achieves significant savings by slashing Green New Deal spending and targeting waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable. 
    “I look forward to continued coordination with our colleagues in the House and the Administration to deliver President Trump’s bold economic agenda for the American people as quickly as possible.”
    Click HERE to view bill text.
    Click HERE for a section-by-section.
    Click HERE for a bill overview.
    Click HERE to view the 2025 Tax Reform landing page.

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    MIL OSI USA News –

  • MIL-OSI USA: Crapo: Senate Republican Plan Powers Economic Growth, Delivers Tax Relief

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.– U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) joined Larry Kudlow on Fox Business to talk about Senate Republicans’ plans to prevent the largest tax hike in U.S. history, power the economy through pro-growth tax policy, provide additional tax relief for working families and address wasteful spending.

    Click here or above to watch the interview

    On the importance of making pro-growth tax policy permanent: 

    [T]he Council of Economic Advisors has indicated that—together with some regulatory reform that President Trump is doing and some of the DOGE activities—we ought to generate somewhere between 4 and 6 percent growth in GDP, and what that translates into with regard to our tax bill is trillions of dollars for growth in capital formations, jobs, wages, benefits and new revenue to the treasury to pay down our deficits.

    This tax package will stop a $4.3 trillion tax increase, and it will make these taxes cuts permanent so that we don’t have to face another tax cliff like this in the future.

    Bonus depreciation—permanent; R&D—permanent; and the EBITDA accounting rules—permanent.  Those three business taxes that are now permanent are a big part of what is going to generate that capital formation in this country and help us grow back to the strength we did when we originally passed the [Tax Cuts and Jobs Act].

    . . .

    [The] 20 percent small business deduction is now permanent.  Our passthrough entities can get treated fairly like corporations do, and be a part of that incredible capital formation and growth that our country is going to see.

    On additional tax relief for American workers, seniors and businesses:

    [I]n addition to stopping a $4.3 trillion tax increase, we’ve got full factory expensing, as President Trump has asked for as well, and a number of other tax cuts. 

    We’ve got no tax on tips, an increase in the deduction for seniors, and we also have no tax on overtime.

    On Republican efforts to reduce spending: 

    We reduce actual spending in our entitlement programs by somewhere between one-and-a-half and $2 trillion, and that spending, as well as the growth element of these tax policies is going to generate a deficit reduction, not a deficit increase.

    The $1.5 to $2 trillion in actual spending reduction is the biggest entitlement reform that has ever been done by Congress.

    Legislative text within the Finance Committee’s jurisdiction can be found here, a section-by-section here and summary here.

    MIL OSI USA News –

  • PM Modi’s Call sparks village-level movement; “Yoga for One Earth, One Health” to guide celebrations

    Source: Government of India

    Source: Government of India (4)

    In a nationwide show of unity and enthusiasm, Gram Panchayats across India are preparing to make the upcoming International Day of Yoga (IDY) 2025 a historic grassroots celebration. This momentum follows a personal appeal from Prime Minister Narendra Modi, who, in a letter addressed to Gram Pradhans, urged them to spearhead community-level participation and integrate yoga into daily life.

    “Yoga has positively transformed lives not only in India but across the world,” the Prime Minister wrote, emphasizing the transformative impact of yoga and the importance of making it a collective practice. This year’s IDY also marks a decade of its observance on the global stage, making it a significant milestone in India’s cultural and wellness journey.

    The theme for IDY 2025, “Yoga for One Earth, One Health,” reflects the interconnectedness of individual health, community well-being, and environmental balance. PM Modi described yoga as a timeless part of India’s heritage and a vital tool for achieving a balanced and harmonious life.

    Across the country, panchayats are taking up the Prime Minister’s call with fervour. Villages are organising regular yoga sessions, public demonstrations of the Common Yoga Protocol, and community outreach events in schools, anganwadis, health centres, and open public spaces. These efforts aim to make IDY 2025 a jan-andolan—a people’s movement that reaches every corner of rural India.

    Union Minister of State (Independent Charge) for Ayush and Minister of State for Health & Family Welfare, Prataprao Jadhav, praised the collective spirit of the nation. He noted that the overwhelming response from Gram Panchayats demonstrated the inspiring influence of Prime Minister Modi. “His heartfelt call has transformed IDY into a mass movement, with villages across the country embracing yoga as a vital part of rural life,” the Minister said.

    In Uttar Pradesh’s Jaunpur district, Om Prakash Yadav, Sarpanch of Pariyari village, shared that the Prime Minister’s letter had a profound impact on his community. Motivated by the message, the village initiated weekly yoga sessions at the Panchayat Bhavan and introduced yoga competitions for school children. A special ‘Yoga Yatra’ was also organised to foster awareness and unity.

    In Madhya Pradesh, Sunil Kumar W, Gram Pradhan of Bandakpur in Damoh district, expressed gratitude for the Prime Minister’s initiative, calling it a historic moment for rural India. He shared that the panchayat is preparing a large community yoga session under the Common Yoga Protocol, accompanied by an awareness campaign to ensure every household is informed and involved.

    Similarly, in Khera Kursi village of Kanpur Dehat, Uttar Pradesh, Sarpanch Pawani Mishra expressed pride and appreciation for the Prime Minister’s outreach. Inspired by the letter, the panchayat established an open-air yoga site in their hilly terrain, which now hosts daily sessions. Women’s groups have also launched campaigns promoting the theme “Health is Wealth,” while schools have conducted painting and essay competitions on Prosperity through Yoga’ to engage children.

    In his message, the Prime Minister urged Gram Pradhans to ensure inclusive participation, encouraging involvement from children, youth, women, and the elderly alike. He expressed confidence that these grassroots efforts would make yoga a household practice and turn IDY 2025 into a deeply meaningful national celebration.

  • MIL-OSI Banking: Rosneft’s Green Investments Reach RUB 74 Billion in 2024

    Source: Rosneft

    Headline: Rosneft’s Green Investments Reach RUB 74 Billion in 2024

    The 5th of June is World Environment Day and the aim is to raise public interest in actions that protect ecosystems. In Russia, this date coincides with Ecologist’s Day.

    Rosneft carries out a wide range of activities and projects aimed at preserving a healthy environment. In 2024, the Company’s green investments totalled 74 billion roubles, which was a 16% increase on the previous year. Over the past three years, this figure totalled almost 200 billion roubles.

    The key components of the Company’s long-term environmental agenda are captured in the Rosneft 2030: Reliable Energy and Global Transition strategy. The top priorities in this field for the Company and its subsidiaries are the implementation of programmes to remediate land, including historical heritage land; the improvement of pipeline reliability; and the preservation of water resources and biodiversity in the regions where the Company operates.

    For instance, in 2024, Samotlorneftegaz completed a large-scale programme to remediate historical heritage lands, with the total area exceeding 2.2 thousand hectares. Approximately 85% of all remediation works were carried out by the Company’s own environmental department. The project has led to the development of new technologies and unique experiences that are in demand by other enterprises.

    Rosneft devotes considerable attention to reforestation activities, thereby contributing to the sustainable development of ecosystems, preserving biodiversity, and combating climate change. The Company is working in partnership with the Government of the Krasnoyarsk Territory to develop a far-reaching environmental forestation project. This project aims to unlock the region’s forests’ climate-regulating potential and to promote sustainable development. In 2024, the Company and its subsidiaries planted almost 11 million trees of various types in the regions where they operate.

    Rosneft is committed to the principles of the circular economy and is taking positive steps to implement them across its operations. Improving the efficiency of waste management processes is one of the priority goals of the Company’s 2030 strategy. The Company’s production enterprises have been successfully implementing zero-waste technologies that enable the production of artificial soil – an environmentally friendly construction material – from drilling cuttings.

    Furthermore, the Company’s Samara Group enterprises recycled almost 300 tonnes of exhausted catalyst. A total of 8,000+ tonnes of non-ferrous and ferrous metals were sent for processing by the Achinsk, Saratov, Syzran, Kuibyshev, Novokuibyshevsk refineries, RN-Vankor and Bashneft subsidiaries.

    Approximately 4,500 tonnes of waste oils and emulsions were sent for processing by the Kuibyshev Refinery, the Novokuibyshevsk Refinery, RN-Vankor and Bashneft enterprises.

    Biodiversity conservation is another important area of Rosneft’s environmental activities. For over a decade, the Company has been implementing annual initiatives to replenish Russia’s aquatic bioresources. In 2024, Rosneft’s enterprises released over 21.7 million young fish into the country’s water bodies.

    Volunteers from the Company, its subsidiaries and design institutes are also actively involved in various environmental initiatives and contribute to the development of a culture of rational and responsible consumption of natural resources. Employees and their children participate in activities involving the planting of greenery, with a view to enhancing both urban and natural recreational areas. These activities form part of federal environmental campaigns such as Green Spring, Memory Garden, Water of Russia, Clean Shores, etc.

    For more than 15 years, Samotlorneftegaz volunteers have been organising cleanup days to treat the shoreline of Lake Kymyl-Emtor as part of the nation-wide campaign Water of Russia.

    Samara oil workers assist the staff of the Botanical Garden of Samara University in a number of ways. These include the removal of deadwood and leaves, the purchase of rare plant species and plant seedlings, and the restoration and improvement of springs in the region. In 2024, volunteers in the Samara region collected over 30 cubic metres of rubbish from the banks of the Volga and Sok rivers. Volunteers from the Novokuibyshevsk Petrochemical Company participated in an environmental race, collecting a total of 930 kg of household waste.

    In 2024, RN-Nyaganneftegaz oil workers collected approximately 3 tonnes of household rubbish from the shoreline of the Nyagan-Yugan River.

    On the eve of Victory Day, Rosneft employees organised the cleaning of parks, memorial complexes and monuments dedicated to the Soviet people’s military achievements during the Great Patriotic War.

    The Company’s initiatives play a significant role in preserving natural resources by organising campaigns to collect used batteries, plastic, and waste paper for recycling. In 2024, Rosneft employees recycled over 1,100 kg of waste batteries, uninterruptible power supplies, and disposable batteries. They also handed over seven tonnes of plastic for recycling and collected approximately 180 tonnes of waste paper.

    Rosneft volunteers actively promote environmental education among young people, organising environmental quests, workshops, quizzes and eco-classes for schoolchildren. For instance, in 2024, Orenburgneft implemented the Eco-School project, collecting more than 10 tonnes of waste paper, over 70 kg of batteries, and over 17 kg of plastic caps with the help of students from regional schools.

    For the past 14 years, the company has organised annual environmental safety competitions, which contribute to raising the level of environmental awareness and encourage subsidiaries to develop their expertise and improve their work in this area.

    The public highly appreciated the successful environmental activities of Rosneft’s subsidiaries. In 2024, the Company’s Syzran, Novokuibyshevsk and Kuibyshev refineries received top honours at the nationwide Russian Environmental Leader contest.

    Department of Information and Advertising
    Rosneft
    5 June 2025

    MIL OSI Global Banks –

  • MIL-OSI Banking: Rosneft Supports Construction of a Large Cultural Centre in Yakutia

    Source: Rosneft

    Headline: Rosneft Supports Construction of a Large Cultural Centre in Yakutia

    The foundation stone laying ceremony of the Multifunctional Cultural Centre took place in the administrative centre of Botuobuya village in the Tas-Yuryakh district of Yakutia. Rosneft and the Republic of Sakha signed a financing agreement for its construction at the IX Eastern Economic Forum.

    Aysen Nikolaev, the head of the Sakha Republic, attended the ceremony and thanked the oil company for helping to implement the project, which is very important for the Republic.

    Rosneft actively supports social projects aimed at creating favourable living conditions in the regions where it operates. The Company pays great attention to cultural and educational projects.

    The centre will become the focal point of the village’s social and cultural life. The 1,533-square-metre building houses a cinema-concert hall equipped with ergonomic seating and state-of-the-art sound, lighting and video technology. The centre will also house an exhibition hall, a library, a reading room and a billiards room, as well as spaces for creative and folklore activities. There is a multipurpose sports hall for basketball, volleyball, mini-football and other activities.

    The project also involves equipping the building with modern heating, water supply and ventilation systems. The building’s architecture combines modern solutions with national traditions.

    Rosneft focuses on supporting educational, social, cultural and outreach projects in Yakutia. A new building for the Small Academy of Sciences, complete with a boarding school for 100 children, has opened in the village of Chapayevo in the Khangalassky District. The building was constructed and equipped by Rosneft. The Academy has become a hub for research and project activities involving schoolchildren from across the Far East region. A training centre called the ‘Factory of Oil and Gas Full Cycle Processes’ was established on the basis of the Regional Technical College in the town of Mirny for the practical training of oil and gas industry specialists.

    In the village of Tas-Yuryakh, oil workers have created a comfortable environment for local residents by renovating the school rooms for robotics, 3D modelling and the school press centre. In addition, the school boasts a TV studio, a language laboratory, a history museum and a local history museum with exhibitions and educational displays, as well as a modern stadium and a children’s playground.

    For reference:

    Rosneft is represented in Yakutia by Taas-Yuryakh Neftegazodobycha, the enterprise responsible for developing the Srednebotuobinskoye oil and gas condensate field. The enterprise is one of Rosneft’s three largest production assets in Eastern Siberia. It is responsible for developing 11 licence blocks, including the Central Block and the Kurungsky licence block of the Srednebotuobinskoye oil and gas condensate field.

    Department of Information and Advertising
    Rosneft
    April 18, 2025

    MIL OSI Global Banks –

  • MIL-OSI Europe: At a Glance – Tax challenges facing the European defence union – 18-06-2025

    Source: European Parliament 2

    Confronted with warfare on the European continent since Russia’s full-scale invasion of Ukraine, EU Member States, along with other European partners, have backed the need for a substantial increase in defence spending. This budgetary challenge has in turn raised important questions about the role of taxation in financing these efforts.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Miniature mice return to Breary Marsh after 50 years

    Source: City of Leeds

    Harvest mice, Europe’s smallest rodent, have been found in Breary Marsh in Leeds after last having been recorded there in 1975.

    The miniature mammal, which weighs less than a 50p coin, was once widespread across the UK but has seen rapid declines in many areas, including Leeds, over the last few decades. This is largely thought to be due to a change in farming practices resulting in a loss of their natural habitat.

    The harvest mouse lives in long, tussocky grassland, reed beds, hedgerows and around woodland edges. Their spherical nests are made from tightly woven grass, elevated from the ground in tall grasses.

    They can’t breed in thin vegetation which has been cut in the last two years, short grasses or those where the stems are too weak to support their nests.

    Thanks to a change in the way staff at Breary Marsh care for the land, including going back to traditional scything instead of mowing and leaving areas of wildflower meadow, verges, woodland edge and wetland areas uncut, harvest mice have now moved back.

    David L Preston, countryside ranger at Leeds City Council, said: “It is fantastic to see that harvest mice are back in Breary Marsh, a discovery I did alongside our brilliant volunteers from Friends of Breary Marsh. It shows that all the work we’ve been doing in changing our practices have worked wonders for the natural habitat.”

    The team will now continue their work, alongside Yorkshire Mammal Group, in setting up a monitoring programme for Breary Marsh and the surrounding area to better understand the spread of populations.

    Breary Marsh is a Local Nature Reserve and Site of Special Scientific Interest which borders onto Golden Acre Park and is a short walk away from Adel Nature Reserve.

    Success has also been seen in other areas of Leeds in reversing the decline of harvest mice. In 2012, Rodley Nature Reserve reintroduced mice bred in captivity through a collaboration with Leeds City Council’s parks and green spaces service. More releases have taken place since and numerous nests were found during recent surveys in 2022.

    It is the only British mammal with a prehensile tail, meaning it works as a fifth limb able to grasp and hold things.

    Councillor Mohammed Rafique, Leeds City Council’s executive member for climate, energy, environment and green space, said: “To hear that we are seeing an increase in harvest mice in Leeds is wonderful, proving that our teams are working hard to look after our natural habitats and green spaces.

    “In the last few years, we have restored two areas of Roundhay Park to wildflower meadows to increase the habitat for native butterfly species within the park, and we are also working on our ambition to plant 5.8million trees which we started in 2020.”

    ENDS

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Minister for the Cabinet Office speech at Constitution Unit Conference

    Source: United Kingdom – Government Statements

    Speech

    Minister for the Cabinet Office speech at Constitution Unit Conference

    Delivered on Wednesday 18th of June 2025 by The Rt Hon. Nick Thomas-Symonds MP, Minister for the Cabinet Office.

    Introduction

    It’s a pleasure to be here with you all.

    Before I start, let me commend the Constitution Unit…

    …not just for hosting today’s conference…

    …but for – this year – reaching its 30th birthday. 

    Don’t worry, I’m not going to sing…

    …but I will sing your praises…just a little.

    The esteem in which you are held speaks to the high quality and rigor of your work…

    …and I could not imagine a better audience to speak to on today’s topic.

    Today, I want to focus on Constitutional reform…

    …what it means for our democracy…

    …and, most importantly, what it means for the public.

    But before I start talking about the future, I would like to focus – briefly – on the past.

    Magna Carta

    This year, we celebrate the 800th Anniversary of the 1225 edition of Magna Carta.

    The definitive edition that, arguably, set the template for the United States Declaration of Independence…

    …and the Universal Declaration of Human Rights.

    It may be surprising, then, to learn that the original Magna Carta from 1215 was revoked as quickly as it was ratified.

    King John wrote to Pope Innocent the Third to repudiate the agreement that he himself had struck…

    …and it was annulled a few months after it was sealed.

    As the comedian David Mitchell puts it: “King John thought the country was his to do with what he liked…

    …and the idea that the Kingdom could generate rules that he would then have to obey was absurd to him…

    …as if a billionaire found a ‘No Diving’ sign next to their private swimming pool”.

    But it was the determination of a few people that ensured it was reintroduced…

    …ratified by King John’s son, Henry III, and found its proper place on the statute book.

    Magna Carta began a constitutional thread…

    …to the Bill of Rights in 1689, which established parliamentary sovereignty and the right to free election…

    …the Reform Acts of the 19th Century, which led to the modern electoral system…

    …all the way up to the incorporation of the European Convention on Human Rights into UK law through the Human Rights Act 1998.

    For one of the country’s oldest historic written documents, it still delivers a few new surprises…

    …with Harvard University recently uncovering a Magna Carta original from 1300, after believing it was a much more recent copy. 

    Recent Context

    But what isn’t surprising is what a foundation that Magna Carta creates for our modern constitution…

    …made up of laws, conventions and rules…

    …that, crucially, outlined how no one person is above the law…

    …and that we must all be held to the same standard.

    That’s right in historical principle…

    …but when it comes to Government, has that always been the modern practice?

    To put it plainly: we have reached record levels of distrust and dissatisfaction with how the Government works…

    …and how it can get things done.

    The most recent National Centre for Social Research report found that 45% of people surveyed say they ‘almost never’ trust governments – of any party – to place the needs of the nation above their political party.

    That is at one level a remarkable statistic – but it is hardly surprising. 

    [political content removed]

    No wonder people became exhausted with Westminster… it felt like politics wasn’t working for them.

    What a shocking indictment of our political and constitutional system.

    Especially, when I know the change I can help secure for my constituents through Parliament…

    …and how MPs across parties are motivated by making a difference.

    Parliament remains the forum through which the British people can give an instruction for change.

    …but that is not to say it cannot – or should not – be strengthened.

    Nor is it to say that we should not, always, be looking at the adequacy of checks and balances.

    But, fundamentally, I believe that, through that change, we can restore the public’s faith in our constitution…

    …restore their capacity to feel like political choices can make their lives better… 

    …and make ordinary people feel like they have a stake.

    That couldn’t be more important to this Government. 

    [political content removed]

    Driven by the desire for change. To rebuild our country. National renewal. Returning politics to public service.

    These were not just words on a leaflet. They were something we felt angry about, driven by.

    After fourteen years, we have the opportunity to make people feel like they have a stake in their communities again…

    …a stake in their country again…

    …for people to see their politicians governing as an act of public service, not personal gratification.

    To put country before party.

    Changes to Date

    And we can do this in sensible ways, with tangible steps.

    Take the small task of restoring trust. 

    All of us in this room know that accountability and integrity are core parts of protecting our constitution.

    But what do those things mean to the majority of the population? 

    How can we show action … 

    …convey what that action represents, 

    …and what it will do. 

    If we want to govern in the name of public service, we need to show we care about it.

    That is why we brought in changes – holding our Government Ministers to account in a much stronger way than ever before. 

    The Prime Minister has given the Independent Adviser on Ministerial Standards the power to independently initiate investigations…

    …without retaining a veto. 

    And the new Ministerial Code, published in November last year, strengthened and clarified standards across the board…

    …enshrining the ‘Seven Principles of Public Life’ directly into the Code. 

    For too long, standards slipped…

    …and few were interested in re-establishing the ideals and principles that should define the Government’s work.

    This is precisely what the Prime Minister promised… 

    …that we would get a grip on the problems we face. 

    And, crucially, that we would be judged by our actions, not by our words. 

    This is a Government focused on national renewal…

    …and, as part of that renewal, embedding higher standards in public life. 

    House of Lords

    Nowhere is our desire for sensible change more evident than in the House of Lords…

    …and the reforms we are finally bringing to that Chamber. 

    Now, I know that there are many hardworking Peers across the Lords…

    …I am incredibly fortunate, in working in the Cabinet Office, to work alongside the Leader of the House of Lords. 

    Peers are, undeniably, a crucial part of our democracy…

    …who use their expertise and experience to ensure legislation is scrutinised to an incredibly high standard.

    But that doesn’t mean we cannot improve it. 

    This belief is at the heart of our Hereditary Peers Bill, which is soon to have its Report Stage in the House of Lords.

    It is shaping up to be the largest constitutional reform to Parliament in the last 25 years…

    …and it was introduced in our first 100 days in office. 

    This could not be more important. 

    It is wholly indefensible that, in the 21st century, there are seats in our legislature allocated by an accident of birth. 

    So, finally, that historic wrong is being put right. 

    It is, in an important way, a gesture towards young people across our country. 

    I want people growing up in Blaenavon, Pontypool and Cwmbran in my constituency…

    …and, indeed, in every part of the country…

    …to feel that they have the same chance as anyone else to play a part in making the laws of the land.

    To remove the barriers, piece by piece, to ordinary people being able to feel like they have a stake in politics, and in parliamentary democracy.

    This sits alongside our other manifesto commitments on Lords reform…

    …like setting a retirement age, minimum participation requirements and making the appointments process more transparent

    …all making Parliament fit for modern Britain. 

    House of Commons

    But our ideas of constitutional reform are not solely focused on the House of Lords.

    No, we must look at the Commons, too…

    …and consider what we could improve. 

    So much of our constitution is wrapped up in the tradition displayed in the Commons. 

    Everything from the architecture, the layout, the procedures…

    …so much of it is symbolic of parliamentary sovereignty…

    …and the great tradition of open parliamentary debate. 

    But while tradition and ritual often protects the principles of our constitution, it can sometimes become a barrier if not updated for today’s world.

    I know that the vast majority of our MPs work hard to serve their constituents…

    …but they can often find that work is hamstrung by arcane procedures and outdated working practices.

    We should not forget that over half of MPs elected in the most recent General Election are new to Parliament.

    So, we need to make sure that the Commons is brought into the 21st Century…

    …and that these new MPs are able to navigate the historic system and use it to create modern, progressive change. 

    This is the precise objective of our Modernisation Committee.

    It’s headed up by my ministerial colleague, the Leader of the House of Commons…

    …and is considering many important issues to make the Commons more up-to-date so that MPs are enabled to deliver for their constituents.

    Everything from the accessibility of the physical parliamentary estate…

    …as well as the accessibility of procedures, language and information.

    It will also examine how to use MPs’ time better…

    …ensuring that sitting hours provide enough time to scrutinise legislation…

    …and give backbenchers a fair opportunity to raise issues on behalf of their constituents.

    The Modernisation Committee has, building on the changes we made in July 2024, asked the Committee on Standards to go further… 

    …exploring how the rules on MPs outside interests can be tightened even further, to ensure MPs are prioritising their constituents…

    …as I know the vast majority already do.

    This is all about making sure that those who turn up in Westminster are not blocked from speaking up for those they represent.

    Union and Devolution

    But I wouldn’t want anyone listening to think that we’re solely focused on what’s going on in Westminster. 

    England is one of the most centralised countries…

    …and my colleague the Deputy Prime Minister and I believe that it’s time we change that. 

    That’s why, in the English Devolution White Paper, we set out our plans to move power out of Westminster…

    …and move it back to those who know their areas best.

    We need to ensure that there is proper devolution throughout England…

    …and hand more power over to cities and communities to make the changes they see needed.

    I believe that devolution is crucial if we want communities to combat the challenges they recognise as uniquely their own…

    …while giving ordinary people a greater stake in shaping their region. 

    Only with strong local leadership and empowered institutions will we fix the foundations of the economy…

    …and bring about the kind of economic growth that is at the very heart of our ‘Plan for Change’.

    But it would be a mistake to think that the UK Government is only concerned with England. 

    We are a government of and for the whole of the UK. 

    My own constituency is in Wales…

    …and many of my ministerial colleagues are from Scotland. 

    But even if we weren’t, the UK Government has a responsibility for the entire UK. 

    Which is why the nations are – and always will be – at the heart of our thinking.

    In fact, an important part of delivering on our missions is rebuilding the UK Government’s  relationship with the devolved governments. 

    We’re putting an end to the disrespect that has been shown to the legitimate devolved Governments and Parliaments…

    …and focusing on a future built on partnership and recognition. 

    We introduced the Council of the Nations and Regions…

    …which creates genuine partnership between the UK Government, the devolved governments, and the mayors of England’s regions. 

    This has met twice since the General Election, most recently on 23rd May…

    …when the discussion was on trade and AI…

    …and how we can harness its potential and use it across the public sector to improve services.

    It’s about letting local leaders have more of a say…

    …and we will work together across the UK on legislation…

    …strengthening the Sewel Convention, which defines how the UK Government interacts with devolved legislatures.  

    A new Memorandum of Understanding will underpin this work. 

    It has been 25 years since power was devolved to governments in Scotland, Wales and Northern Ireland…

    …and it is through strengthening this partnership that we can make sure that all UK-wide decisions don’t just benefit one part of our nation…

    …but are made in the national interest – with every region and nation contributing, and shaping, that interest.

    Conclusion

    In conclusion, I would like to thank you for joining me today…

    …and UCL, for putting on this important conference. 

    Outside of these four walls, the phrase ‘constitutional reform’ may not immediately mean much to the ordinary person.

    But they are more than familiar with the rationale for it. 

    Politics that feels divorced from their day-to-day lives…

    …decisions about their local area being made in another nation…

    …a system that seems to safeguard a ‘do as I say, not as I do’ approach to public life. 

    All that has to change…

    …and this Government is making that a reality. 

    We are serious about ensuring our political systems represent every member of our society.

    This isn’t going to be an overnight change…

    …but we have shown – whether it’s in the Lords, the Commons or in our approach to devolution, this is a Government that has heard the calls for change.

    People want to have more of a stake in how they live their lives…

    …and they want a system of Government that represents and empowers them. 

    Through our constitution’s historic foundations, we are building a modern and thriving society…

    …one that serves the people of this country better than before.

    Thank you very much.

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Great British Railways in action – passengers benefit from track and train being united on South Eastern Railway

    Source: United Kingdom – Government Statements

    Press release

    Great British Railways in action – passengers benefit from track and train being united on South Eastern Railway

    Collaboration has seen consistently low levels of cancellations, with operational costs expected to reduce by £50 million every year.

    Credit: South Eastern Railway

    • Southeastern and Network Rail unite to operate under a single, more efficient leadership team known as South Eastern Railway 
    • under public ownership, Southeastern are delivering some of the lowest cancellation rates nationally and has forecast a £50 million reduction in taxpayer subsidy
    • South Eastern Railway marks a significant milestone towards Great British Railways and creating clear accountability for performance, delivering better public transport

    Southeastern and Network Rail Kent route have united under a single leadership team to drive investment and efficiency and deliver for passengers and freight in an important step towards Great British Railways (GBR). Further regional arrangements will come into place as other services transfer into public ownership.

    Operating as the South Eastern Railway team and overseen by Managing Director Steve White, the streamlined structure will allow for a more responsive railway with a common purpose and clear accountability for railway performance across the network.

    Already under public ownership, Southeastern has been able to work increasingly closely with Network Rail, which manages railway infrastructure, for over a year. This collaborative approach has resulted in greater efficiency with better, faster decisions for customers and taxpayers, leading to an improved railway. For example:

    • consistently low levels of cancellations
    • customer satisfaction at 86%
    • subsidy required to operate Southeastern expected to reduce by £50 million year on year

    Joint planning has led to more efficient and innovative solutions for reducing delays. This includes enabling engineers to access the track during the day to carry out repairs more efficiently, while maintaining a service for customers. Collaboration has also seen the railway trial drones up and down the network to identify and reduce incidents of trespass. More joined-up working also means matching trains to when passengers want to take them, delivering at least £3 million a year in additional revenue for the rail industry.

    This is a significant milestone in the government’s plans to overhaul the railways through the creation of Great British Railways, uniting train and track with the sole focus of delivering for passengers.

    This new integrated, collaborative approach across the south-east sets the path for how GBR will operate, including the high standards expected before the branding is given to operators. The standards, which will be tailored for each operator, will revolve around delivering high-performing, better-coordinated, more efficient and more responsive services.

    Rail Minister, Lord Peter Hendy, said:

    Track and train are 2 sides of the same coin, but for too long they have operated independently of each other – leaving customers and taxpayers to bear the consequences of this illogical approach.

    Uniting track and train leadership in the south-east is the first step in our journey to create a railway we can all be proud of; delivering the government’s Plan for Change with better connectivity, leading to more growth, jobs and homes and ultimately to the creation of Great British Railways.

    Under the new ways of working, South Eastern Railway have further plans to deliver for passengers and taxpayers over the next year/few years. This includes:

    • investing over £40 million in station improvements, including the country’s largest Access for All Scheme at Hither Green
    • modernising the rolling stock on the Metro service to deliver more accessible and passenger-focused journeys
    • fitting passenger trains with thermal imaging cameras and AI CCTV to monitor tracks and give early indications of issues that should be addressed before they affect customers – improving performance and reducing delays
    • recruiting the next generation of talent for a more inclusive and diverse workforce and delivering real social value and social mobility

    South Eastern Railway Managing Director, Steve White, said:

    We know that for our customers, what matters most is a railway they can depend on, is reliable and responsive when things go wrong. By joining together track and train under a single leadership team, with accountability for the whole railway instead of different parts, we can remove friction and make better, faster decisions to deliver a better service.

    This new way of working puts customer needs front and centre, and will deliver a more joined up, responsive and sustainable railway.

    This follows on from a watershed moment last month when South Western Railway (SWR) services became the first to transfer back into public control since the passing of the Public Ownership Bill, ending almost 30 years of fragmentation and waste under privatisation.

    Rail media enquiries

    Media enquiries 0300 7777878

    Switchboard 0300 330 3000

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: Gaza Statement

    Source: World Food Programme

    Over the last four weeks, WFP has been able to dispatch just 9,000 metric tons of food aid inside Gaza – a tiny fraction of what a population of 2.1 million hungry people needs.

    What is even worse is that far too many people have died while trying to access the trickle of food aid coming in.

    Only a massive scale-up in food distributions can stabilize the situation, calm anxieties and rebuild the trust within communities that more food is coming.

    Safer and more reliable convoy routes, faster permission approvals, dependable communication services, and the opening of additional border crossings are urgently needed now.

    The fear of starvation and desperate need for food is causing large crowds to gather along well-known transport routes, hoping to intercept and access humanitarian supplies while in transit. 

    Any violence resulting in starving people being killed or injured while seeking life-saving assistance is completely unacceptable.

    WFP continues to call for the protection of all civilians and all aid workers delivering life-saving assistance.

    During the ceasefire, WFP facilitated as many as 600 trucks per day into Gaza, which helped push back the tide of hunger. 

    WFP stands ready.We have food in the corridors, experienced teams on the ground, and proven systems in place to respond at scale.

    What is urgently needed now is another ceasefire, so we can reach families with critical food supplies in a consistent, orderly and safe manner — wherever they are across the Gaza Strip.

    The time to act is now. Delays cost lives. We must be allowed to safely do our jobs.

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: MOFA extends condolences following plane accident in India

    Source: Republic of China Taiwan

    MOFA extends condolences following plane accident in India

    Date：2025-06-12
    Data Source：Department of East Asian and Pacific Affairs

    June 12, 2025No. 205On June 12, Air India flight 171 crashed shortly after taking off from the airport in Ahmedabad in western India. On behalf of the people and government of Taiwan, the Ministry of Foreign Affairs (MOFA) promptly conveyed condolences to the India-Taipei Association and instructed the Taipei Economic and Cultural Center (TECC) in India to also express sympathies to India’s Ministry of External Affairs. In addition, TECC in India and TECC in Mumbai, after contacting relevant Indian agencies, have so far determined that no Taiwanese nationals were on the accident flight. MOFA and its missions in India will continue to closely follow developments, maintain contact with Indian agencies, and provide necessary assistance in a timely manner.Taiwanese nationals visiting India who require emergency assistance may call the hotlines of TECC in India (+91-9810642658), TECC in Mumbai (+91-8850842243), or TECC in Chennai (+91-9600099511). They may also ask friends or family in Taiwan to call the MOFA emergency hotline (0800-085-095). (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to joint statement by leaders of Japan and Finland emphasizing importance of Taiwan Strait peace and stability

    Source: Republic of China Taiwan

    MOFA response to joint statement by leaders of Japan and Finland emphasizing importance of Taiwan Strait peace and stability

    Date：2025-06-12
    Data Source：Department of East Asian and Pacific Affairs

    June 12, 2025Japanese Prime Minister Shigeru Ishiba and Finnish President Alexander Stubb met in Tokyo on June 11. In a joint statement, they said that Japan and Finland strongly opposed any unilateral attempts to change the status quo in the South and East China Seas by force or coercion, emphasized the importance of peace and stability across the Taiwan Strait as an indispensable element in the security and prosperity of the international community, and encouraged the peaceful resolution of cross-strait issues.This is the first time that the leaders of Japan and Finland have expressed their high concern for Taiwan Strait peace in a joint statement. Minister of Foreign Affairs Lin Chia-lung welcomes this concrete action by Japan and Finland to support peace and stability across the Taiwan Strait and appreciates Japan and other like-minded nations continuing to call the international community’s attention to the Taiwan Strait situation during international gatherings, including the US-Japan leaders’ summit in February, the meeting between Prime Minister Ishiba and NATO Secretary General Mark Rutte in April, and Japan’s summit meetings with Latvia and Guatemala in May. This shows the high degree of consensus and common interest that the international community has for maintaining peace and stability across the Taiwan Strait.The Ministry of Foreign Affairs hopes that democracies around the world will continue to take preventative action and countermeasures to stop the expansion of authoritarianism from posing a threat to regional peace and stability and challenging the rules-based global democratic order. Taiwan will uphold the ideals of integrated diplomacy as it continues to deepen cooperation with friends and allies, jointly advancing peace, stability, and prosperity throughout the Indo-Pacific region and around the globe.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA announces one-year extension of trial visa-free entry for nationals of New Southbound Policy partner countries Thailand, Brunei, and the Philippines from August 1, 2025 to July 31, 2026

    Source: Republic of China Taiwan

    MOFA announces one-year extension of trial visa-free entry for nationals of New Southbound Policy partner countries Thailand, Brunei, and the Philippines from August 1, 2025 to July 31, 2026

    Date：2025-06-14
    Data Source：Bureau of Consular Affairs

    June 14, 2025In line with efforts to promote the New Southbound Policy (NSP), the Ministry of Foreign Affairs (MOFA) convened a meeting on April 16 with relevant government agencies on further improving visa measures for nationals of NSP partner countries traveling to Taiwan. The meeting conducted a comprehensive review of existing visa and entry measures, focusing on the trial visa-free entry program for nationals of Thailand, Brunei, and the Philippines; the Project for Simplifying Visa Regulations for High-end Group Tourists from Southeast Asian Countries; and conditional visa-free entry through the Online Application for R.O.C. (Taiwan) Travel Authorization Certificate (TAC) scheme for nationals of Southeast Asian countries.After evaluating the effectiveness of the above measures over the past years, participating agencies decided to extend the trial visa-free entry program for one year for nationals of Thailand, Brunei, and the Philippines from August 1, 2025, to July 31, 2026. In addition, the Project for Simplifying Visa Regulations for High-end Group Tourists from Southeast Asian Countries will be extended for a further year through December 31, 2026, and the conditional visa-free entry through the TAC scheme will remain in place.MOFA will continue to review and fine-tune visa policies, with a view to strengthening bilateral relations and attracting more visitors while ensuring border and public security. MOFA will also continue to communicate with the governments of related countries to enhance visa treatment for Taiwan nationals and make their overseas travel more convenient.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin presents Friendship Medal of Diplomacy to former French Senator Gattolin

    Source: Republic of China Taiwan

    Foreign Minister Lin presents Friendship Medal of Diplomacy to former French Senator Gattolin

    Date：2025-06-16
    Data Source：Department of European Affairs

    June 16, 2025  
    No. 211  

    Minister of Foreign Affairs Lin Chia-lung presented the Friendship Medal of Diplomacy to former French Senator André Gattolin at the Ministry of Foreign Affairs (MOFA) on the morning of June 16 in recognition of his long-standing efforts to promote Taiwan-France relations and his staunch support of Taiwan’s participation in international organizations.
     
    In his speech, Minister Lin stated that Mr. Gattolin had long been a good friend of Taiwan in the French Senate, sparing no effort to speak up for Taiwan over the years. He pointed out that during the COVID-19 outbreak of 2020, Mr. Gattolin had taken the lead in bringing together a total of 110 members from both chambers of the French Parliament to sign an open letter calling for Taiwan’s participation in the World Health Organization, helping Taiwan gain widespread recognition in France and paving the way for the first passage of resolutions supportive of Taiwan in 2021 by both chambers. 
     
    He also mentioned that Mr. Gattolin had worked with French parliamentarians friendly to Taiwan to facilitate the adoption of the seven-year Military Programming Law in 2023, reiterating France’s continued defense of freedom of navigation in the Taiwan Strait. He added that during Mr. Gattolin’s tenure as French cochair of the Inter-Parliamentary Alliance on China (IPAC) in 2020, he had enthusiastically encouraged French parliamentarians to participate in various IPAC initiatives. On behalf of MOFA, Minister Lin extended sincere appreciation to Mr. Gattolin for having actively deepened Taiwan-France relations and expressed hope that he would continue to leverage his influence to further this bilateral friendship.
     
    Mr. Gattolin said in his remarks that the honor of receiving the medal was not only a recognition of him personally but also a commendation of the French Senate’s Taiwan Friendship Group. He observed that the French Parliament’s support for Taiwan had continued to expand, noting that the Senate’s Taiwan Friendship Group had grown to over 60 members and that they continued to exhort the French government to attach greater importance to Taiwan. He stated that he was profoundly pleased to have been able to facilitate the training of Taiwan’s Olympic and Paralympic teams in his electoral district of Levallois-Perret last year. And as current vice chair of the IPAC Alumni Council, Mr. Gattolin affirmed that he continued to pay close attention to the situation across the Taiwan Strait and the Indo-Pacific region.
     
    Deputy Director of the French Office in Taipei Cléa Le Cardeur, former Minister of Taiwan’s Council for Cultural Affairs Tchen Yu-chiou, and Chair of the Egret Cultural and Educational Foundation Lu Chia-hui attended the award ceremony and offered their congratulations. The atmosphere was heartfelt and earnest. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Connecting Communities to Ocean Exploration: Outreach from the Aleutian Arc Expedition

    Source: US Geological Survey

    Alaska’s rich and dynamic ecosystems draw scientists from around the world. But for the people who live here—many of whom have deep cultural, historical, and personal connections to the land and sea—it’s especially important that scientific research feels local, accessible, and relevant.

    As part of the deep-sea research and exploration cruise in the Aleutian Arc, the expedition team, including scientists from the U.S. Geological Survey (USGS), the Bureau of Ocean Energy Management (BOEM), the National Oceanic and Atmospheric Administration (NOAA), and the Smithsonian Institute (SI) partnered with local organizations to host a series of community engagement events in Unalaska. These events provided a chance to connect with residents, share deep-sea research, and celebrate the incredible biodiversity and geology of this region. Here’s a look at some of the highlights:

    Ship Tours of the R/V Atlantis

    Community members—including representatives from the Qawalangin Tribe of Unalaska, the Museum of the Aleutians, Unalaska City Council, local students, and other organizations—toured the 274-foot research vessel Atlantis. One of the biggest highlights? Seeing the deep-diving submersible HOV Alvin in person!

    Dive into Tidepools – Museum of the Aleutians

    Christina Bonsell, marine ecologist with BOEM, had the pleasure of leading this hands-on event at the Museum of the Aleutians, where visitors of all ages got an up-close look at the incredible marine life found right in their own backyard. From sea stars to anemones, attendees explored tidepool creatures and learned about local biodiversity through interactive touch tanks and engaging conversations about life in the nearshore ocean.

    “Exploring the Deep Sea: Hidden Habitats, Volcanoes, and More!” – Public Talk at the Unalaska Library

    Scientists from the expedition team—including Bonsell, Cathleen Yung (NOAA), Ashton Flinders (USGS), Katlin Bowman Adamczyk (USGS), and Stephanie Bush (SI)—gave a public presentation at the library, sharing the goals and the exciting science behind the 2025 Aleutian Arc Expedition.

    Ocean Discovery Day – Hands-on Science with Local Students

    In partnership with the Qawalangin Tribe of Unalaska and the Museum of the Aleutians, the science team hosted a day of hands-on activities that brought deep sea science to life for local students:

    • Deep Sea Biodiversity: Students learned how scientists use Alvin to explore life in the deep sea, led by Rhian Waller (Gothenburg University) and Lauren Rice (Florida State University).
    • Traditional Boatbuilding: Keegan Salners, Matt Tutiakoff, and Anfesia Tutiakoff of the Qawalangin Tribe introduced students to iqyax (Aleutian kayak) design—and the students even built their own boats!
    • Volcanoes and Earthquakes: Ashton Flinders (USGS) got students moving and learning as they became “earthquake-makers” and explored seismic waveforms.
    • Archaeological Discoveries: Thomas McLenigan from the Museum of the Aleutians guided students through sorting fish, bird, and mammal bones from ancient midden material to reveal clues about past ecosystems.
    • Deep Sea Pressure: Shannon Cofield (BOEM) explained the effects of deep-sea pressure, and students decorated foam cups that will travel to the ocean depths and shrink to amusingly-small size.
    • Community Science and Ecosystem Knowledge: Shanoy Anderson from the Qawalangin Tribe led a discussion on local ecosystem observations and how to share them using the Local Environmental Observer (LEO) Network.
    Students sort animal bones from ancient midden material in a hands-on archaeological activity during the Ocean Discovery Day. Image courtesy of The Aleutian Arc: Integrated Exploration of Biodiversity at Priority Benthic Habitats. Photographer: Art Howard. 

    It was an honor to collaborate with dedicated local partners and organizations to make this action-packed week of activities a success. These events offered an incredible opportunity to share our science, inspire curiosity, and build lasting connections with the community.

    We can’t wait to share the discoveries we make as this deep-sea expedition unfolds.

    Members of the local community including representatives from the Qawalangin Tribe of Unalaska, the Museum of the Aleutians, Unalaska City Council, local students, and other organizations had the chance to tour the research vessel Atlantis (Woods Hole Oceanographic Institution) in Dutch Harbor, Unalaska. Image courtesy of The Aleutian Arc: Integrated Exploration of Biodiversity at Priority Benthic Habitats. Photographer: Art Howard. 

    MIL OSI USA News –

  • MIL-OSI USA: United States Files Civil Forfeiture Complaint Against $225M in Funds Involved in Cryptocurrency Investment Fraud Money Laundering

    Source: US State of Vermont

    The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia against more than $225.3 million in cryptocurrency. According to the complaint, law enforcement used blockchain analysis and other investigative techniques to determine that the cryptocurrency is connected to the theft and laundering of funds from victims of cryptocurrency investment fraud schemes, commonly referred to as “cryptocurrency confidence scams.”

    The complaint alleges that the cryptocurrency addresses that held the over $225.3 million in cryptocurrency were part of a sophisticated blockchain-based money laundering network that executed hundreds of thousands of transactions and was used to disperse proceeds of cryptocurrency investment fraud across many cryptocurrency addresses and accounts on the blockchain to conceal the source of the illegally obtained funds. 

    “Today’s civil forfeiture complaint is the latest action taken by the Department to protect the American public from fraudsters specializing in cryptocurrency-based scams, and it will not be the last,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “These schemes harm American victims, costing them billions of dollars every year, and undermine faith in the cryptocurrency ecosystem. Our investigators and prosecutors are relentlessly pursuing these scammers and their ill-gotten gains, and we will relentlessly pursue recovery of victim funds.”

    “Under my leadership, with the support of President Trump and Attorney General Bondi, the U.S. Attorney’s Office for the District of Columbia is taking a leading role in the fight against crypto-confidence scams, partnering with law enforcement throughout the country to seize and forfeit stolen funds and rip them from the hands of foreign criminals, all with the eye toward making victims whole,” said U.S. Attorney Jeanine Pirro for the District of Columbia.

    “The forfeiture of these illicit funds is a powerful tool in the FBI’s toolbox to stop the fraudsters who are operating online from stealing from the American people,” said Assistant Director Jose A. Perez of the FBI Criminal Division. “The FBI will not standby while these criminals target unsuspecting victims who believe they are making legitimate investments. The hard work of the FBI and our partners continues as we work with victims and potential victims across the country to put an end to these scams and warn others about their devastating effects.”

    “This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service (USSS) history,” said Special Agent in Charge Shawn Bradstreet of the USSS San Francisco Field Office. “These scams prey on trust, often resulting in extreme financial hardship for the victims. The USSS, FBI, and our private partners worked diligently to trace these illicit transactions, identify victims and seize these funds so that they can eventually be returned to their rightful owners.”

    As part of the investigation of the laundering network, over 400 suspected victims are believed to have lost funds after being duped into believing that they were making legitimate cryptocurrency investments. The complaint recounts millions of dollars in victim losses. According to the FBI Internet Crime Complaint Center’s 2024 Internet Crime Report, cryptocurrency investment fraud caused more than $5.8 billion in reported losses in 2024 alone. The USSS San Francisco Field Office and FBI San Francisco Field Offices investigated the case. The Department of Justice thanks Tether for its proactive assistance in this investigation.

    Trial Attorneys Stefanie Schwartz and Ethan Cantor of the Justice Department’s Computer Crime & Intellectual Property Section (CCIPS) and Assistant U.S. Attorneys Kevin Rosenberg and Rick Blaylock Jr. for the District of Columbia are handling the matter.

    Members of the public who believe they are victims of cryptocurrency investment fraud and other cyber-enabled crime should contact the FBI Internet Crime Complaint Center at www.ic3.gov. If you believe you may be a victim of one of the scams alleged in the government’s complaint, add the code “BT06182025” in the narrative of your complaint, and if you have previously filed a related complaint, make note of the prior complaint in the narrative.

    MIL OSI USA News –

  • MIL-OSI Security: United States Files Civil Forfeiture Complaint Against $225M in Funds Involved in Cryptocurrency Investment Fraud Money Laundering

    Source: United States Attorneys General

    The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia against more than $225.3 million in cryptocurrency. According to the complaint, law enforcement used blockchain analysis and other investigative techniques to determine that the cryptocurrency is connected to the theft and laundering of funds from victims of cryptocurrency investment fraud schemes, commonly referred to as “cryptocurrency confidence scams.”

    The complaint alleges that the cryptocurrency addresses that held the over $225.3 million in cryptocurrency were part of a sophisticated blockchain-based money laundering network that executed hundreds of thousands of transactions and was used to disperse proceeds of cryptocurrency investment fraud across many cryptocurrency addresses and accounts on the blockchain to conceal the source of the illegally obtained funds. 

    “Today’s civil forfeiture complaint is the latest action taken by the Department to protect the American public from fraudsters specializing in cryptocurrency-based scams, and it will not be the last,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “These schemes harm American victims, costing them billions of dollars every year, and undermine faith in the cryptocurrency ecosystem. Our investigators and prosecutors are relentlessly pursuing these scammers and their ill-gotten gains, and we will relentlessly pursue recovery of victim funds.”

    “Under my leadership, with the support of President Trump and Attorney General Bondi, the U.S. Attorney’s Office for the District of Columbia is taking a leading role in the fight against crypto-confidence scams, partnering with law enforcement throughout the country to seize and forfeit stolen funds and rip them from the hands of foreign criminals, all with the eye toward making victims whole,” said U.S. Attorney Jeanine Pirro for the District of Columbia.

    “The forfeiture of these illicit funds is a powerful tool in the FBI’s toolbox to stop the fraudsters who are operating online from stealing from the American people,” said Assistant Director Jose A. Perez of the FBI Criminal Division. “The FBI will not standby while these criminals target unsuspecting victims who believe they are making legitimate investments. The hard work of the FBI and our partners continues as we work with victims and potential victims across the country to put an end to these scams and warn others about their devastating effects.”

    “This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service (USSS) history,” said Special Agent in Charge Shawn Bradstreet of the USSS San Francisco Field Office. “These scams prey on trust, often resulting in extreme financial hardship for the victims. The USSS, FBI, and our private partners worked diligently to trace these illicit transactions, identify victims and seize these funds so that they can eventually be returned to their rightful owners.”

    As part of the investigation of the laundering network, over 400 suspected victims are believed to have lost funds after being duped into believing that they were making legitimate cryptocurrency investments. The complaint recounts millions of dollars in victim losses. According to the FBI Internet Crime Complaint Center’s 2024 Internet Crime Report, cryptocurrency investment fraud caused more than $5.8 billion in reported losses in 2024 alone. The USSS San Francisco Field Office and FBI San Francisco Field Offices investigated the case. The Department of Justice thanks Tether for its proactive assistance in this investigation.

    Trial Attorneys Stefanie Schwartz and Ethan Cantor of the Justice Department’s Computer Crime & Intellectual Property Section (CCIPS) and Assistant U.S. Attorneys Kevin Rosenberg and Rick Blaylock Jr. for the District of Columbia are handling the matter.

    Members of the public who believe they are victims of cryptocurrency investment fraud and other cyber-enabled crime should contact the FBI Internet Crime Complaint Center at www.ic3.gov. If you believe you may be a victim of one of the scams alleged in the government’s complaint, add the code “BT06182025” in the narrative of your complaint, and if you have previously filed a related complaint, make note of the prior complaint in the narrative.

    MIL Security OSI –

  • MIL-OSI: IDEX Biometrics ASA – Updated key information relating to share consolidation and change of ISIN

    Source: GlobeNewswire (MIL-OSI)

    Updated key information relating to the share consolidation: 

    Date on which the terms and conditions of the share consolidation was made public: 11 April 2025;

    Share consolidation ratio: 100 old shares give 1 new share;

    Last day including right: 3 July 2025;

    Ex-date: 4 July 2025;

    Record date: 7 July 2025; and

    Date of approval: 11 April 2025

    In connection with the share consolidation, the Company’s shares will be transferred to a new ISIN. Please find below the updated key information for the change of ISIN:

    Issuer: IDEX Biometrics ASA

    Old ISIN: NO0013107490

    New ISIN: NO0013536078

    Date of ISIN change: 4 July 2025.

    Rounding rules: If the share consolidation (reverse split) does not result in whole shares (fractional shares), the Board has in place an authorization from the 11 April 2025 Extraordinary General Meeting in the Company to carry out a share capital increase to the extent necessary to make the total number of shares in the Company dividable by the share consolidation ratio (i.e. dividable by 100).

    Date of approval: 11 April 2025

    About IDEX Biometrics:

    IDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com

    About this notice:

    This notice was issued by Kristian Flaten, CFO, on 18 June 2025 at 17:22 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 5-8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5-12 of the STA.

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 18.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  18.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 18.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           18.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 300 Shares
    Average price/ share    6,2800 EUR
    Total cost            8 164,00 EUR
         
         
    Siili Solutions Plc now holds a total of 14 998 shares
    including the shares repurchased on 18.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         
         
         
         
         
         

    Attachment

    The MIL Network –

  • MIL-OSI: Treasury Bond Auction Announcement – RIKB 28 1115 – RIKB 38 0215

    Source: GlobeNewswire (MIL-OSI)

    Series RIKB 28 1115 RIKB 38 0215
    ISIN IS0000028249 IS0000037265
    Maturity Date 11/15/2028 02/15/2038
    Auction Date 06/20/2025 06/20/2025
    Settlement Date 06/25/2025 06/25/2025
    10% addition 06/24/2025 06/24/2025

    On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date, and the Bonds will be delivered in electronic form on the same day. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%.

    Further reference is made to the description of the Treasury bond and the General Terms of Auction for Treasury bonds on the Government Debt Management website.

    For additional information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.

    The MIL Network –

  • MIL-OSI: RIBER reaffirms its strategic roadmap at the Annual General Meeting held on June 18, 2025

    Source: GlobeNewswire (MIL-OSI)

    RIBER reaffirms its strategic roadmap at the Annual General Meeting held on June 18, 2025


    Bezons, June 18, 2025 – 5:45 PM – RIBER, a global market leader for molecular beam epitaxy (MBE) equipment for the semiconductor industry, held its Annual General Meeting today, chaired by Mrs. Annie Geoffroy, Chairwoman of the Company’s Board of Directors.

    All of the resolutions submitted to the vote were approved, including:

    • The approval of the statutory and consolidated financial statements for the 2024 financial year.
    • The appropriation of 2024 earnings and the distribution of a cash payout based on reimbursing part of the issue premium for €0.08 per share. The ex-dividend date will be June 23, 2025, followed by payment on June 25, 2025.
    • The approval of the Statutory Auditors’ special report on related-party agreements.
    • The authorizations granted to the Board of Directors to carry out transactions on the Company’s shares and to reduce the share capital by canceling treasury shares.

    A clear, forward-looking strategy

    During the Annual General Meeting, Annie Geoffroy reviewed RIBER’s performance and reaffirmed the relevance of its strategic roadmap. Built on a culture of excellence, continuous innovation, strong customer focus, and an agile organization, this strategy positions RIBER at the forefront of major transformations in the semiconductor industry, including the emergence of silicon-based integrated photonics (PICs).

    Several examples of the Company’s innovation momentum were shared, particularly the exclusive preview of ROSIE (Riber Oxide Silicon Epitaxy), an advanced platform designed for oxide growth on 300 mm wafers and fully compatible with SEMI standards.

    Representing a genuine technological breakthrough, ROSIE paves the way for automated production of epiwafers tailored to the new integration needs of advanced materials in microelectronics. The platform targets several fast-growing markets:

    • ultra-fast optical communications, particularly the Datacom / Telecom segments,
    • optical computing,
    • photonic quantum technologies.

    This structuring project is now entering its industrialization phase, following the signature of a strategic partnership with the Novo Nordisk Foundation Quantum Computing Programme (NQCP). The agreement includes the qualification of the ROSIE process for depositing functional oxides on silicon, as well as the sale of the platform’s first unit, scheduled for delivery in the second half of 2025.

    This strategic milestone highlights RIBER’s ambition to become an integral part of silicon fab production lines and reflects the industry’s recognition of the Company’s technological expertise, particularly from a global quantum research leader.

    A confirmed roadmap and strengthened outlook

    In conclusion, Annie Geoffroy emphasized the strength of RIBER’s strategic positioning: “Our strategy is guiding us with clarity and relevance. In a high-potential semiconductor sector, we are continuing to grow, driven by solid commercial momentum for our MBE equipment. At the same time, we are enhancing our growth and diversification potential with the industrial rollout of ROSIE and the emergence of new commercial opportunities in silicon-based integrated photonics.“

    The Company would like to thank all the shareholders who took part in the General Meeting. Quorum conditions and full voting results will be published shortly on the Company’s website: www.riber.com

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels. Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductors that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing. RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER
    Annie Geoffroy | tel: +33 (0)1 39 96 65 00 | invest@riber.com

    ACTUS FINANCE & COMMUNICATION
    Cyril Combe | tel: +33 (0)1 53 67 36 36 | ccombe@actus.fr

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Strengthen business resilience with Windows 365 and Azure Virtual Desktop

    Source: Microsoft

    Headline: Strengthen business resilience with Windows 365 and Azure Virtual Desktop

    Build a future-ready IT strategy with secure, scalable cloud solutions

    In the face of today’s complex and interconnected work ecosystems, resilience isn’t just a safeguard; it’s a strategic imperative for IT leaders driving sustainable transformation. True resilience means building an environment that proactively minimizes disruptions through robust systems, secured architectures and operational foresight. Resilience means an organization can anticipate, respond and recover swiftly, maintaining continuity without compromise. Security plays a foundational role in this approach.

    That’s why cloud-powered solutions such as Windows 365 and Azure Virtual Desktop are essential; they empower organizations to build resilience from the ground up. By enabling secure and scalable Windows experiences, these services help minimize disruptions, support flexible work and protect business continuity. Whether it’s seamless access to apps and data or built-in security and compliance, customers rely on these solutions to stay productive and protected, no matter where or how they work.

    Building on that foundation, we’re introducing new experiences across Windows 365 and Azure Virtual Desktop, each designed to strengthen organizational resilience through simplified, secured and flexible Windows solutions.

    And to make it easier for organizations to take the first step, new customers can take advantage of a limited-time 20% discount on all Windows 365 plans. Visit Windows 365 today to take advantage of the 20% promotional offer.

    Introducing Windows 365 Reserve: uninterrupted access, secured and ready when users need it

    Unexpected disruptions such as a lost, stolen, delayed or malfunctioning device can bring productivity to a halt and lead to considerable financial and operational losses. A recent study, which surveyed 1,000 ITDMs across a range of industries, highlighted the impact on business operations caused by device thefts and resulting data breaches. Seventy-six percent of those surveyed reported having been impacted by incidents of device theft in the last two years, with 33% reporting they were subjected to legal or regulatory consequences due to compromised data and 32% citing disruption to employee productivity. 1

    With Windows 365 Reserve, a new offering from Microsoft, employees can have instant access to a temporary, pre-configured Cloud PC when their primary device is unavailable. Windows 365 Reserve provides a secure, cloud-hosted Windows desktop that looks and feels like a physical PC, and is accessible from any device, anywhere, so employees can continue being productive.

    Device disruptions are more than an inconvenience — they’re a business risk that can lead to lost revenue, delayed service and reduced employee productivity.

    Windows 365 Reserve helps mitigate these risks by enabling:

    • Business continuity during device loss, theft, delivery delays or outages
    • Temporary access for onboarding, remote work delays or testing new OS/app configurations
    • Faster recovery from disruptions, reducing downtime and IT burden

    Windows 365 Reserve isn’t your traditional virtual desktop infrastructure (VDI) solution — it’s a modern, secured and scalable offering designed for any type of worker across the entire organization to stay uninterrupted and productive, without the hassle or cost of managing cumbersome loaner PCs, temporary backup PC solutions or legacy VDI access. Each Reserve Cloud PC is preloaded with Microsoft 365 apps,2 corporate settings and security policies — ensuring data protection and compliance. IT teams can manage both physical and Cloud PCs — including these new Reserve Cloud PCs — through Microsoft Intune, streamlining endpoint oversight and reducing complexity. And because users can connect to their Reserve Cloud PC within minutes from any device using the Windows App or a browser to access the Windows 11 experience, there is minimal disruption to their workflow and business continuity.

    Windows 365 Reserve will soon be available for preview. Complete this form or contact your Microsoft account team to express interest in participating in the preview.

    Windows 365 Cloud Apps: app streaming without the full desktop

    Now in private preview, Windows 365 Cloud Apps let organizations deliver secure access to individual apps hosted on Cloud PCs, without requiring a dedicated Cloud PC for every user. Windows 365 Cloud Apps are a great fit for enterprise customers whether they’re experienced with VDI or just starting their cloud journey. They also give IT teams more flexibility to support a range of user needs and scenarios, while maintaining centralized control. Organizations can use Windows 365 Cloud Apps to:

    • Streamline app delivery for frontline, seasonal or remote workers
    • Provide information workers with the line of business apps they require
    • Simplify management with Windows 365 and Microsoft Intune integration
    • Accelerate migration from on-premises VDI to the cloud

    Windows 365 Cloud Apps will soon be available for preview. Complete this form or contact your Microsoft account team to express interest in participating in the preview.

    Windows 365 Link: purpose-built Cloud PC device gets even better

    Windows 365 Link — the first Cloud PC device purpose-built by Microsoft for Windows 365 — became generally available in select markets in April 2025 and is expanding to more markets later this year. To make the experience of using Windows 365 Link even better, we are excited to introduce the following updates:

    Connection Center: access multiple Cloud PCs with ease

    The Connection Center makes accessing multiple Cloud PCs from a Windows 365 Link simple and intuitive. For users with more than one Cloud PC and no default set, the Connection Center prompts them to choose the Cloud PC they want to use right at sign-in. This means less confusion and more control.

    The Connection Center also empowers users with self-service tools to reboot, restore and manage their Cloud PCs without needing IT support. If something goes wrong, people can quickly access troubleshooting options — minimizing downtime and boosting productivity.

    This experience is now generally available, and starting mid-July, the Connection Center can also be launched from the Ctrl+Alt+Delete screen, making it even more accessible.

    Connection Center showing multiple Cloud PCs after sign-in

    Enhanced multi-monitor support for a more flexible Windows 365 Link experience

    For users who rely on multiple monitors to stay productive, Windows 365 Link now offers expanded display settings — available in preview. Users can easily configure duplicate or extend monitors, giving them the flexibility to mirror their screen or expand their workspace across displays.

    We have also added intuitive controls to adjust resolution, scale and orientation — all fully integrated into the Cloud PC settings. That means they can personalize their display setup directly from the familiar Display Settings menu, just like on a local PC.

    With these latest updates, Windows 365 Link makes it even easier to work more efficiently, multitask seamlessly and tailor your Cloud PC experience to meet your unique workflows.

    Accessing display settings for Windows 365 Link

    Making sign-in even easier with NFC reader support

    We have heard from customers that using near-field communication (NFC) readers helps streamline the Windows sign-in experience — especially in environments where speed and security are critical. That is why, based on your feedback, we introduced preview support for NFC readers for FIDO2 security keys with the launch of Windows 365 Link in April 2025. Today, we’re excited to announce that NFC reader support is now generally available. Users can simply tap their FIDO2 security key on a USB NFC reader and enter their PIN to sign in. This enhancement helps organizations improve both security posture and user productivity, especially in shared device or frontline scenarios. To learn more, check out the documentation.

    To purchase Windows 365 Link for desk-based and frontline users in your organization, contact your Microsoft account team or select resellers in Australia, Canada, Germany, Japan, New Zealand, the United Kingdom and the United States. We continue to expand availability to new markets, including Denmark, France, India, Netherlands and Sweden, with Switzerland anticipated later this year.

    Cross-region Disaster Recovery is available for Windows 365 Frontline

    Disaster recovery is a critical consideration for any IT desktop strategy. When it comes to virtualization, most organizations consider disaster recovery a primary objective. Since its introduction, Windows 365 has provided robust business continuity and disaster recovery options. Whether for compliance requirements, natural disasters, technical failure or human error, putting greater distance between your primary and backup environments can add an extra sense of security and peace of mind to any IT desktop strategy.

    On July 1, 2024, we introduced Cross-region Disaster Recovery, an add-on feature for Windows 365 Enterprise that creates “snapshots” of Cloud PCs. These snapshots are placed in customer-defined, geographically distant locations, and they can be recovered to Cloud PCs running in the selected location during a disaster recovery event.

    Today, we are excited to announce Cross-region Disaster Recovery is available in public preview as an add-on for Windows 365 Frontline. Now, in addition to Windows 365 Enterprise users, any user assigned to a dedicated Windows 365 Frontline Cloud PC will also be shielded against regional outages. If you’re interested in signing up for the public preview, please use this form. To learn more, read Cross-region Disaster Recovery in Windows 365 | Microsoft Learn.

    Secure by default: New security settings for Windows 365 Cloud PCs

    New default security settings are available for new and newly reprovisioned Cloud PCs. These updates mean Cloud PCs are more secure by default and include:

    • Disabling select redirections, such as USB and clipboard, making it easier for organizations to protect their data
    • Enabling additional security controls, including virtualization-based security, to better protect against credential theft and kernel-level exploits

    These updates are part of Microsoft’s commitment to making our products more secure by default, one of the core principles of our Secure Future Initiative.

    Powering high-performance scenarios: GPU support now available in HP Anyware for Windows 365

    We’re expanding our collaboration with HP Anyware to support GPU-enabled Windows 365 Enterprise Cloud PCs, now in preview. This integration brings the power of PC-over-IP (PCoIP) — a protocol known for delivering high-definition, low-latency performance — to Windows 365, making it ideal for graphics-intensive workloads such as 3D modeling, video editing and data visualization.

    With HP Anyware for Windows 365, users can securely access their Cloud PCs through a familiar digital workspace, while IT admins benefit from simplified deployment and management with Intune — no additional gateways or network reconfiguration required.

    To learn more or join the public preview of HP Anyware for Windows 365 GPU-enabled Enterprise Cloud PCs, contact your Microsoft account team or sign up to be notified.

    Bridge legacy and modern app delivery: App-V support now available for App attach in Azure Virtual Desktop

    Microsoft Application Virtualization (App-V) for Windows is now supported by App attach in Azure Virtual Desktop and is generally available, marking a major step forward in application delivery for virtual environments.

    Organizations can incorporate existing App-V packages into the App attach framework without repackaging. This capability streamlines the transition to Azure Virtual Desktop by preserving investments in legacy applications while enabling more modern and scalable delivery.

    The time for this update is critical, as App-V enters a phase of extended support. By bridging the gap between legacy application virtualization and modern desktop infrastructure, App attach combines continuity with innovation to help teams maintain stability while evolving their cloud strategy. To learn more about App-V support in App attach and to find information about partner solution integration with App attach visit our Azure Virtual Desktop documentation pages.

    Windows App updates: better Microsoft Teams, printing and remote access

    The Windows App is your gateway to securely connect to Windows on any device across Windows 365, Azure Virtual Desktop, Remote PC, Remote Desktop Services, Microsoft Dev Box and more.  Available on Windows, macOS, iOS, iPadOS,3 web browsers and now Android,4 it brings a unified, modern experience across platforms, making it easier than ever to access your Cloud PCs, virtual machines (VMs) and remote resources anywhere on any device. With the latest updates, we are excited to announce several new capabilities that will enhance your experience and productivity.

    Better Microsoft Teams performance on mobile: in public preview for Windows App on Android and iOS/iPadOS

    Building on last year’s Teams optimizations for Windows App on Windows, new exclusive optimizations for the Windows App on Android and iOS/iPadOS will soon be available in the newest versions of Windows App. These enhancements improve audio and sound quality in Teams, reducing issues and enhancing the overall user experience. Learn more.

    New Remote App launcher in Windows App on web

    People connecting to Windows App via the web can access the Remote App launcher directly from the toolbar inside the web client. The Remote App launcher can be used to launch additional apps from the same workspace without switching between tabs, making app discovery and launching apps more seamless.

    New printing capabilities in Windows App on web

    Windows App on web now supports new printing capabilities for locally attached printers on Windows 365 and Azure Virtual Desktop. Users can easily print documents directly to their locally attached printers, streamlining the printing process and eliminating extra steps between viewing and printing documents.

    Native access to remote sessions in Windows App on web

    You can now utilize the Windows App on web to access Windows 365 and Azure Virtual Desktop remote sessions natively. By simply selecting the “Connect in desktop app” option from the dropdown menu, you can open the desktop version of the Windows App.

    Users can also access their desktops and apps using direct launch URLs in Windows App on web. Learn more.

    Resilience starts with the right tools so organizations can stay agile, secured and ready

    Organizational resilience isn’t just convenient; it’s an essential approach to remain functional, flexible, prepared and competitive. With the latest enhancements to Windows 365 and Azure Virtual Desktop, Microsoft is enabling organizations to safeguard business continuity, navigate disruptions with confidence and maintain control. Now is the time to explore how these innovations can help strengthen your resilience strategy.

    Get 20% off Windows 365 today

    Microsoft is currently offering a 20% discount on all Windows 365 plans for the first 12 months for new customers, making it an even more compelling option for those looking to transition smoothly. Visit Windows 365 today to take advantage of the 20% promotional offer.*

    * Notice: Microsoft reserves the right to discontinue this promotion, and to modify these policies and the promotion’s terms and conditions at any time.

    This offer runs from May 1 to Oct. 31, 2025, and is for customers not currently subscribing to Windows 365. Transactions must be processed through Microsoft’s operations center before 11:00 p.m. Pacific Time on Oct. 31, 2025. This offer is non-transferable and cannot be combined with any other offer or discount on Windows 365. This offer is available only once per customer. The discount price will be in effect for the duration of the purchase commitment. Purchases made prior to the effective date of the offer are not eligible. Taxes, if any, are the sole responsibility of the recipient.

    1. Source: Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe. April 22, 2025;  Methodology: study conducted by market research firm, Vanson Bourne on behalf of Kensington Computer Products Group; Survey size: 1,000 IT decision-makers.
    2. Microsoft 365 subscription is required.
    3. macOS and iPadOS are trademarks of Apple Inc., registered in the U.S. and other countries and regions. IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.
    4. Android is a trademark of Google LLC.

    MIL OSI Economics –

  • MIL-OSI Africa: African Energy Week (AEW) 2025 to Host Dedicated Energy Finance Track

    The African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town – will host an Energy Finance Track, dedicated to exploring the opportunities, challenges and emerging trends across Africa’s investment environment. The Energy Finance Track – hosted across the three-day main conference agenda – covers a variety of topics and aims to reduce risk perception, identify strategic investment avenues while exploring innovative finance models that drive projects forward in Africa.

    The Energy Finance Track features a suite of companies, all of which will tackle strategic topics. These include African and global national oil companies, global energy and intelligence firms, energy and technology service providers, downstream regulators, upstream operators, African E&P firms, renewable energy developers, and many more. From access to finance to investment risks to Merger & Acquisition (M&A) activity, regional projects and development finance, the track will support decision-making and deal-signing in Africa’s energy sector.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Africa’s energy sector continues to witness a surge in investment, as both operators and financiers expand their portfolios across the continent. In 2025, capital expenditure across the continent is projected to hit $43 billion, rising to $54 billion by 2030. Onshore projects are expected to represent the lion’s share of expenditure at 56%, while natural gas is estimated to draw the majority of capital by 2030, accounting for over 60% of hydrocarbon investment during this period. Deepwater exploration is also on the rise, particularly in frontier markets such as Namibia and Ivory Coast. Financing exploration and production projects remains a key challenge, however, as the global capital pool continues to decline. The AEW: Invest in African Energies Energy Finance Track will address this challenge, with panels geared towards exploring innovative strategies to raise capital for oil and gas projects. Sessions include Reducing Barriers to Entry in African Energy Investments; Financing Upstream Projects for Domestic Energy Security; Sourcing International and African Capital for the Acquisition and Development of Marginal and Undeveloped Fields; and African Equity Risk Premium.

    Africa’s M&A landscape has also proven to be dynamic in recent years, with future projections showing a positive growth trajectory as companies seeks new investment and partnership opportunities across the continent. Driven by rising capital expenditure, a surge in exploration and a focus on frontier basins across the continent, M&A activity continues to grow in Africa. Amid this growth, the Energy Finance Track will address strategies for supporting future M&A activity. Sessions on Strategic Financing for M&A and Navigating Risk and Insurance in African M&A, will examine identified risk and liabilities between buyers and sellers and how access to capital, regulatory hurdles and shifting investment trends are impacting Africa’s M&A landscape.

    Beyond oil and gas, Africa’s renewable energy and power landscape is on track for significant growth, as countries diversify their energy systems and seek to support broader economic growth. With over 600 million people living without access to electricity across the continent, African countries are accelerating the pace and development of power infrastructure, from generation to transmission to storage. Yet, financing challenges remain. The International Energy Agency projects that to meet the continent’s energy access, climate and development goals, Africa requires annual energy investments to more than double to over $240 billion by 2030. Key sectors include energy access, power systems and emerging industries such as clean energy technologies.

    The Energy Finance Track will unpack the role innovative financing mechanisms and regional collaboration plays in achieving the continent’s energy and development goals. Sessions on Intra-Africa Commodities Trading and Financing Cross-Border Pipelines and Shared Infrastructure Projects will explore how increased regional trade can serve as a catalyst for economic development in Africa. Additionally, sessions on Integrated Energy Projects: Is Financing Easier and Energy Finance Strategies: Lessons Across Africa will examine how blended finance, public-private partnership models and development finance can support energy development.

    “The AEW: Invest in African Energies 2025 Energy Finance Track offers a unique opportunity for African financiers to gain insight into emerging opportunities across the continent. At the same time, the track offers project developers, governments and public institutions the chance to explore new methods of financing, while addressing critical challenges to energy development,” stated Oré Onagbesan, AEW: Invest in African Energies Program Director.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

  • MIL-OSI USA: Sen. Emanuel Jones Appointed to Senate Study Committee on Making Georgia the No. 1 State for Tourism

    Source: US State of Georgia

    ATLANTA (June 18, 2025) — Recently, Lt. Governor Burt Jones appointed Sen. Emanuel Jones (D–Decatur) to the Senate Study Committee on Making Georgia the No. 1 State for Tourism.

    “I’m grateful to Lt. Governor Burt Jones for appointing me to this important study committee,” said Sen. Jones. “We have an opportunity to bring inclusive growth and investments to communities across Georgia by showcasing the best attributes of our state. From neighborhood revitalization to job creation, a strong tourism strategy can uplift families and support small businesses. I look forward to working with my colleagues to help Georgia reach its full potential as a premier destination—one that truly reflects the richness and diversity of our state.”

    The Senate Study Committee on Making Georgia the No. 1 State for Tourism is tasked with discovering opportunities to promote and develop tourism in all regions of the state. Sen. Drew Echols (R-Gainesville) will serve as Chairman of the committee. Additional Senate members appointed to the committee include Sen. Frank Ginn (R–Danielsville), Sen. Russ Goodman (R–Cogdell) and Sen. Sonya Halpern (D–Atlanta).

    More information about Senate Study Committees can be found here.

    # # # #

    Sen. Emanuel Jones represents the 10th Senate District, which includes a portion of DeKalb County.  He may be reached at 404.656.0502 or via email at emanuel.jones@senate.ga.gov.

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI USA: Sen. Larry Walker III Named Republican Nominee for President Pro Tempore Ahead of 2026 Session

    Source: US State of Georgia

    ATLANTA (June 18, 2025) — Yesterday, the Georgia Senate Republican Caucus announced that Sen. Larry Walker III (R–Perry) has been selected as its nominee for President Pro Tempore of the Georgia State Senate, following today’s internal caucus vote. Walker, who has served the 20th Senate District since 2015, will stand for formal election by the full Senate body at the start of the new legislative session in January 2026.

    “I’m honored by the support and confidence of my Republican colleagues,” said Sen. Walker. “This nomination reflects our shared vision for a Senate that remains fair, efficient and stands in service to the people of Georgia. While January’s full Senate vote is still to come, I’m prepared to bring forward my experience and commitment to this important role.”

    In the position of President Pro Tempore, Walker would preside over Senate sessions in the absence of the Lieutenant Governor and collaborate closely with Senate leadership to streamline legislative procedure and enhance transparency.

    # # # #

    Sen. Larry Walker III serves as Chairman of the Senate Committee on Insurance and Labor. He represents the 20th Senate District, which includes Bleckley, Dodge, Dooly, Laurens, Treutlen, Pulaski and Wilcox counties, as well as portions of Houston County.  He may be reached by phone at (404) 656-0095 or by email at Larry.Walker@senate.ga.gov.

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI USA: Texas Man Charged Federally for Receipt and Transport of Explosives Intended for Use Against Law Enforcement

    Source: US State of North Dakota

    A Texas man is facing federal charges after allegedly purchasing powerful explosives in New Mexico and expressing plans to use them to harm law enforcement officers and government officials during riots in California.

    According to court documents, on June 12, 2025, Grzegorz Vandenberg, 48, visited a travel center in Lordsburg, New Mexico, to purchase fireworks. During the transaction, Vandenberg requested assistance in selecting fireworks that could be thrown directly at people to cause harm. He told store employees that he was prior special forces military and claimed he could make pipe bombs. Vandenberg further stated that he was traveling to Los Angeles, California, for the riots, with the intent to kill law enforcement officers or government officials.

    “This man allegedly intended to use the chaotic riots in Los Angeles as an opportunity to commit deadly violence against law enforcement officers,” said Attorney General Pamela Bondi. “Threats like these strike at the heart of law and order — we will not hesitate to bring federal charges against anyone who seeks to harm law enforcement or endanger the safety of our communities.”

    “Our message is clear: If you come after law enforcement officers, the FBI will spare no effort to find you and bring you to justice,” said FBI Director Kash Patel. “This defendant allegedly intended to use explosives to attack police officers currently conducting law enforcement operations in Los Angeles and – with the help of a store cashier who took down his license plate information – we were able to put a stop to that plan. Law enforcement officers put their lives on the line to serve the American people and the FBI will always do our part to protect them.”

    “Targeting law enforcement with violence is not protest – it’s a crime,” said U.S. Attorney Ryan Ellison for the District of New Mexico. “Anyone who attempts to harm officers or undermine public safety will be held accountable. Protecting the safety of our communities and upholding the integrity of lawful demonstrations are priorities, and those who cross the line into violence will be prosecuted swiftly and to the fullest extent of the law.”

    Store staff reported that Vandenberg asked for the largest explosives available and invited an employee to join him and his platoon in California. He also claimed to have mortar explosives in his possession and reiterated his plan to use them at the riots to kill officers. Vandenberg purchased six mortars, each containing 60 grams of gunpowder, and 36 large fireworks before leaving the store in a vehicle with Montana license plates, heading west on Interstate 10.

    Vandenberg is charged with transporting explosives in interstate commerce with the knowledge and intent that they would be used to kill, injure, or intimidate individuals. He will remain in custody pending trial, which has not yet been scheduled. If convicted of the current charges, Vandenberg faces up to 10 years in federal prison.

    The Las Cruces Resident Agency of the FBI’s Albuquerque Field Office investigated this case with assistance from the Tucson Resident Agency of the FBI’s Phoenix Field Office, Tucson Police Department, U.S. Air Force Office of Special Investigations, and Homeland Security Investigations (HSI) El Paso.

    Assistant U.S. Attorneys Joni Stahl and Grant Gardner for the District of New Mexico are prosecuting the case, with valuable assistance provided by Trial Attorney Patrick Cashman of the National Security Division’s Counterterrorism Section.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI USA: Armstrong helps break ground on Altru behavioral health expansion, highlights state investment

    Source: US State of North Dakota

    Gov. Kelly Armstrong today helped break ground on an expansion project that will double the number of inpatient beds at Altru Behavioral Health Center in Grand Forks, highlighting the state’s significant investments to address behavioral health needs across North Dakota.

    Armstrong recently signed legislation providing a $12.96 million grant to expand the number of inpatient behavioral health beds at the Altru facility from 24 to 48 beds. The grant was included in the North Dakota Department of Health and Human Services (DHHS) budget, House Bill 1012, and requires Altru to provide matching funds of $3.24 million.

    “This is a game-changer for behavioral health services in Grand Forks and the surrounding region, because when it comes to meeting the mental health needs of our citizens in their most vulnerable moments, every single bed counts,” Armstrong said.

    He noted the Legislature also approved $16 million for 30 behavioral health beds in Bismarck with a focus on youth and $3.4 million for 10 behavioral health beds in Williston. In addition, lawmakers approved $300 million for construction of a new State Hospital in Jamestown, which will provide 140 treatment beds to serve those most in need of acute mental health services.

    Armstrong thanked state Rep. Emily O’Brien of Grand Forks, Rep. Jon Nelson of Rugby and other lawmakers for their support for the Altru project and broader work on expanding behavioral health services, as well as Altru President Dr. Josh Deere and CEO Todd Forkel, Universal Health Services’ Behavioral Health Division President Matt Peterson, Grand Forks Mayor Brandon Bochenski and the DHHS Behavioral Health Division including Executive Director Pam Sagness for their commitment to North Dakotans’ mental health.

    The Altru Behavioral Health Center expansion is expected to be completed by fall 2026.

    MIL OSI USA News –

  • MIL-OSI: American Power Company awarded $100,000 NSF SuperBoost grant to optimize battery cell formation using AI

    Source: GlobeNewswire (MIL-OSI)

    ROCHESTER, N.Y., June 18, 2025 (GLOBE NEWSWIRE) — American Power Company (APC), a pioneer in AI-driven battery manufacturing optimization, has been awarded a $100,000 SuperBoost grant from the National Science Foundation Energy Storage Engine in Upstate New York. The funding will accelerate the development of APC’s AI-powered cell formation optimization model, designed to improve lithium-ion battery performance, reduce production time and lower manufacturing costs.

    The formation cycling process — the precise charge-discharge sequence that activates a newly assembled battery — plays a crucial role in determining a battery’s efficiency, longevity and energy density. However, current methods remain slow and costly. APC’s project will integrate artificial intelligence and active learning techniques to refine this process, offering a pathway to faster, more cost-effective and higher-performing battery production.

    The ability to optimize battery formation cycling has broad implications for the energy storage sector. By reducing the formation cycle time from multiple days to just hours, APC’s AI-driven solution could significantly cut production costs and enable faster scaling of lithium-ion gigafactories worldwide. With an initial focus on lithium iron phosphate (LFP) pouch cells, the project will use the RIT Battery Development Center to conduct experimental validation and process refinement.

    “Battery cell formation is a well-known bottleneck in lithium-ion cell production,” said Lincoln Miara, CTO of American Power Company. “Our AI-driven approach has the potential to drastically reduce cycle times while enhancing battery quality. With the support of the NSF Energy Storage Engine in Upstate New York, we’re developing a scalable solution that will optimize global battery production.”

    The SuperBoost program, a core initiative of the Energy Storage Engine, is designed to fast-track the commercialization of transformative battery technologies. By reducing the time-to-market from over five years to under two years, the program connects startups with funding, infrastructure and industry partnerships to support rapid technology deployment.

    SuperBoost funding has already accelerated numerous groundbreaking projects, and AI-driven manufacturing is a particularly critical area of focus as the industry looks to scale battery production efficiently.

    Fernando Gómez-Baquero, translation pillar director for the NSF Energy Storage Engine in Upstate New York, emphasized that APC’s innovation aligns directly with the Engine’s mission to enhance U.S. battery manufacturing capabilities. “The SuperBoost program is about advancing technologies that make energy storage manufacturing more efficient, scalable and cost-effective. American Power Company’s AI-powered approach to formation cycling will help streamline production while improving battery performance, a critical step in strengthening U.S. battery supply chains.”

    Bridging the gap between laboratory research and commercial-scale production is a defining goal of the Engine’s strategy. Meera Sampath, CEO of the NSF Energy Storage Engine in Upstate New York, noted the broader industry impact of AI-driven innovation in battery production. “This is exactly the type of technology needed to advance the next generation of lithium-ion battery production,” she said. “By supporting innovations in AI-driven manufacturing, we are helping companies like APC optimize production workflows and accelerate the adoption of cutting-edge battery solutions.”

    With this funding, American Power Company is set to refine its AI-driven formation model, pilot real-world applications, and bring a next-generation battery manufacturing optimization tool to market. The project aligns with the Engine’s broader mission to position upstate New York as a global leader in battery technology, manufacturing, and commercialization.

    About American Power Company

    American Power Company is revolutionizing lithium-ion battery manufacturing with AI- powered optimization models that enhance energy efficiency, reduce production costs, and improve battery performance. By leveraging machine learning and experimental validation, APC develops advanced manufacturing solutions that drive innovation in the EV, energy storage and consumer electronics sectors. Learn more at www.americanpower.ai.

    Contact:
    Lincoln Miara, Ph.D.
    CTO, American Power Company lmiara@americanpower.ai

    About the NSF Energy Storage Engine in Upstate New York

    The NSF Energy Storage Engine in Upstate New York, led by Binghamton University, is a National Science Foundation-funded, place-based innovation program. The coalition of 40+ academic, industry, nonprofit, state, and community organizations includes Cornell University, Rochester Institute of Technology, Syracuse University, Griffiss Institute, Launch-NY and NY-BEST as core partners. The Engine advances next-gen battery technology development and manufacturing to drive economic growth and bolster national security. Its vision is to transform upstate New York into America’s Battery Capital.

    For more information on the NSF Energy Storage Engine in Upstate New York, visit https://upstatenyengine.org/.

    Contact:
    Fernando Gómez-Baquero, Ph.D.
    Translation Pillar Director
    NSF Energy Storage Engine in Upstate New York fernando@cornell.edu

    The MIL Network –

  • MIL-OSI: American Power Company awarded $100,000 NSF SuperBoost grant to optimize battery cell formation using AI

    Source: GlobeNewswire (MIL-OSI)

    ROCHESTER, N.Y., June 18, 2025 (GLOBE NEWSWIRE) — American Power Company (APC), a pioneer in AI-driven battery manufacturing optimization, has been awarded a $100,000 SuperBoost grant from the National Science Foundation Energy Storage Engine in Upstate New York. The funding will accelerate the development of APC’s AI-powered cell formation optimization model, designed to improve lithium-ion battery performance, reduce production time and lower manufacturing costs.

    The formation cycling process — the precise charge-discharge sequence that activates a newly assembled battery — plays a crucial role in determining a battery’s efficiency, longevity and energy density. However, current methods remain slow and costly. APC’s project will integrate artificial intelligence and active learning techniques to refine this process, offering a pathway to faster, more cost-effective and higher-performing battery production.

    The ability to optimize battery formation cycling has broad implications for the energy storage sector. By reducing the formation cycle time from multiple days to just hours, APC’s AI-driven solution could significantly cut production costs and enable faster scaling of lithium-ion gigafactories worldwide. With an initial focus on lithium iron phosphate (LFP) pouch cells, the project will use the RIT Battery Development Center to conduct experimental validation and process refinement.

    “Battery cell formation is a well-known bottleneck in lithium-ion cell production,” said Lincoln Miara, CTO of American Power Company. “Our AI-driven approach has the potential to drastically reduce cycle times while enhancing battery quality. With the support of the NSF Energy Storage Engine in Upstate New York, we’re developing a scalable solution that will optimize global battery production.”

    The SuperBoost program, a core initiative of the Energy Storage Engine, is designed to fast-track the commercialization of transformative battery technologies. By reducing the time-to-market from over five years to under two years, the program connects startups with funding, infrastructure and industry partnerships to support rapid technology deployment.

    SuperBoost funding has already accelerated numerous groundbreaking projects, and AI-driven manufacturing is a particularly critical area of focus as the industry looks to scale battery production efficiently.

    Fernando Gómez-Baquero, translation pillar director for the NSF Energy Storage Engine in Upstate New York, emphasized that APC’s innovation aligns directly with the Engine’s mission to enhance U.S. battery manufacturing capabilities. “The SuperBoost program is about advancing technologies that make energy storage manufacturing more efficient, scalable and cost-effective. American Power Company’s AI-powered approach to formation cycling will help streamline production while improving battery performance, a critical step in strengthening U.S. battery supply chains.”

    Bridging the gap between laboratory research and commercial-scale production is a defining goal of the Engine’s strategy. Meera Sampath, CEO of the NSF Energy Storage Engine in Upstate New York, noted the broader industry impact of AI-driven innovation in battery production. “This is exactly the type of technology needed to advance the next generation of lithium-ion battery production,” she said. “By supporting innovations in AI-driven manufacturing, we are helping companies like APC optimize production workflows and accelerate the adoption of cutting-edge battery solutions.”

    With this funding, American Power Company is set to refine its AI-driven formation model, pilot real-world applications, and bring a next-generation battery manufacturing optimization tool to market. The project aligns with the Engine’s broader mission to position upstate New York as a global leader in battery technology, manufacturing, and commercialization.

    About American Power Company

    American Power Company is revolutionizing lithium-ion battery manufacturing with AI- powered optimization models that enhance energy efficiency, reduce production costs, and improve battery performance. By leveraging machine learning and experimental validation, APC develops advanced manufacturing solutions that drive innovation in the EV, energy storage and consumer electronics sectors. Learn more at www.americanpower.ai.

    Contact:
    Lincoln Miara, Ph.D.
    CTO, American Power Company lmiara@americanpower.ai

    About the NSF Energy Storage Engine in Upstate New York

    The NSF Energy Storage Engine in Upstate New York, led by Binghamton University, is a National Science Foundation-funded, place-based innovation program. The coalition of 40+ academic, industry, nonprofit, state, and community organizations includes Cornell University, Rochester Institute of Technology, Syracuse University, Griffiss Institute, Launch-NY and NY-BEST as core partners. The Engine advances next-gen battery technology development and manufacturing to drive economic growth and bolster national security. Its vision is to transform upstate New York into America’s Battery Capital.

    For more information on the NSF Energy Storage Engine in Upstate New York, visit https://upstatenyengine.org/.

    Contact:
    Fernando Gómez-Baquero, Ph.D.
    Translation Pillar Director
    NSF Energy Storage Engine in Upstate New York fernando@cornell.edu

    The MIL Network –

  • MIL-OSI: Xtract One Closes $8M Bought Deal Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Over-Allotment Option Exercised in Full

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) announces that it has closed its previously announced “bought deal” public offering (the “Offering”) conducted by Ventum Capital Markets (the “Underwriter”).

    Pursuant to the Offering, the Company issued an aggregate of 20,700,000 units (the “Units”) at a price of $0.39 per Unit for aggregate gross proceeds of $8,073,000, which includes the full exercise of the over-allotment option granted to the Underwriter. Each Unit consists of one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Common Share until June 18, 2028 at an exercise price of $0.49, subject to adjustment in certain events.

    In connection with the Offering, the Underwriter received a cash fee of $565,110 and 1,449,000 common share purchase warrants (each, an “Underwriter’s Warrant”). Each Underwriter’s Warrant is exercisable into one Common Share at an exercise price of $0.39 until June 18, 2028.

    Xtract One intends to use the proceeds of the Offering for working capital and general corporate purposes.

    No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”) and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act, and applicable state securities laws.

    About Xtract One

    Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, X, and LinkedIn.

    About Threat Detection Systems

    Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today’s world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

    Forward Looking Statements

    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including, without limitation, statements regarding the intended use of proceeds from the Offering, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the Company’s limited operating history and lack of historical profits; risks related to the Company’s business and financial position; fluctuations in the market price of the Company’s Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; reliance on management; the Company’s requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, clients and suppliers. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no intention to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason, except as required by law.

    For further information, please contact:

    Xtract One Inquiries: info@xtractone.com, www.xtractone.com
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 347-394-8807
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385

    The MIL Network –