NewzIntel.com

Blog

  • MIL-OSI: Willis appoints new leader for law firms in North America

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Willis, a WTW business (Nasdaq: WTW), has announced the appointment of Linda Fisher as the sub-vertical leader for law firms within the Financial Services and Professional Services (FIPS) industry vertical division within North America.

    Based in Chicago and reporting directly to Brad Messinger, FIPS Leader, Fisher will leverage her extensive industry experience to drive growth in the legal sector. Her responsibilities will include business development, creating intellectual capital, representing Willis at industry events, and enhancing the full suite of services and solutions for law firm clients.

    Prior to joining Willis, Fisher was with Marsh McLennan Agency, where she was a Managing Director in their national law firm vertical. She was also a leader in Gallagher’s law firm group and the law firm practice leader at Old Republic Professional. Fisher holds a B.S. degree from the University of Alabama, has her RPLU and CPLP designations, and is a frequent conference and panel speaker.

    Messinger commented, “I am thrilled to welcome Linda to the team. Her deep understanding of the legal landscape and passion for law firms is second to none in the industry, and her expertise will guide us in deepening our business within the legal sector. I look forward to welcoming her to the team.”

    About WTW
    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    Media Contact
    Arnelle Sullivan +1 (718) 208-0474 | Arnelle.Sullivan@wtwco.com

    The MIL Network –

  • MIL-OSI: Oxbridge / SurancePlus to Speak at Yield Day NYC and Attend Permissionless IV

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, June 17, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States.

    Today, the company is pleased to announce its upcoming participation in Yield Day NYC and Permissionless IV, two leading events advancing real-world asset (RWA) innovation and institutional adoption in decentralized finance.

    On Monday, June 23rd, SurancePlus will be a featured sponsor and speaker at Yield Day NYC, hosted by RWA Builders at Apella, Suite 200 in Midtown Manhattan. The featured panel, “The Dividend Layer of DeFi,” at 4:45 PM ET will include:

    • Jay Madhu, Chairman and CEO of Oxbridge and SurancePlus
    • David Silverman, SVP of Strategic Product Initiatives, Polygon Labs
    • Mike Revy, Founder and CEO, Bulla Network
    • Anil Jaladi, Founder and CEO, cSigma Finance (Moderator)

    As a network member of RWA Builders, SurancePlus is proud to be part of the growing ecosystem enabling institutional-grade RWA tokenization through compliant, forward-looking infrastructure.

    From there, the Oxbridge and SurancePlus team will attend Permissionless IV, held June 24–26 at Industry City in Brooklyn—one of the largest global gatherings for developers, capital allocators, and blockchain innovators. The event features keynotes, panels, workshops, and side events focused on scaling institutional adoption and real-world applications of on-chain finance.

    Team members will be on-site throughout both events to meet with partners, showcase Oxbridge’s tokenized reinsurance offerings—EtaCat Re and ZetaCat Re—and engage with prospective collaborators on new strategic opportunities.

    Investors, asset managers, and collaborators are encouraged to contact the team to arrange a meeting.

    This announcement follows yesterday’s release of a new partnership between SurancePlus and Midnight, a privacy-first blockchain developed by the creators of Cardano. Chosen as one of SurancePlus’ partnered blockchain networks, Midnight brings powerful privacy infrastructure at a time when a growing number of global qualified investors are seeking confidentiality alongside compliance. The collaboration enables privacy-enabled, audit-grade RWA tokenization—advancing a new standard for secure, transparent, and compliant capital flows.

    Jay Madhu, CEO of Oxbridge, commented, “We look forward to joining Yield Day and Permissionless IV. These events bring together credible builders and capital allocators focused on the future of real-world assets. As interest in on-chain privacy grows, our partnership with Midnight broadens the infrastructure we can explore for secure, compliant reinsurance on-chain.”

    Meet Oxbridge / SurancePlus in New York

    Investors and potential partners interested in Oxbridge and SurancePlus’ tokenized reinsurance offerings are encouraged to connect with the team during the event. Contact details are provided below.

    Disclaimer: This press release does not constitute an offer to sell nor a solicitation of an offer to buy the EtaCat Re or ZetaCat Re tokenized reinsurance securities (the “Securities”). The Securities are not required to be, and have not been, registered under the United States Securities Act of 1933, as amended, in reliance on the exemptions provided by Regulation S and SEC Rule 506(c) thereunder. Offers and sales of the Securities are made only by, and pursuant to, the terms set forth in the Confidential Private Placement Memorandum relating to the Securities. The offering of the Securities is not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction.

    About Oxbridge Re Holdings Limited

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non U.S. investors.

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

  • MIL-OSI: The Keg Royalties Income Fund Enters into Arrangement Agreement

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. News wire services or dissemination in the U.S.

    VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that, further to the non-binding letter of intent previously announced on May 5, 2025 (the “LOI”), it has entered into an arrangement agreement (the “Arrangement Agreement“) with 1543965 B.C. Ltd. (the “Purchaser“) an affiliate of Fairfax Financial Holdings Limited (collectively with its affiliates, “Fairfax”) pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding units of the Fund (“Units”) other than Units already owned by Fairfax, for a price of $18.60 per Unit (the “Purchase Price”), payable in cash (the “Transaction”). The Transaction is not subject to a financing condition. The Fund will continue to pay its monthly cash distribution to unitholders (“Unitholders”) until the Transaction is completed, including a prorated cash distribution for the month in which the closing of the Transaction (the “Closing”) occurs, as well as a special cash distribution based on the Fund’s historical practice of paying annual special distributions, prorated for the portion of the fiscal year completed as of the Closing.

    Kip Woodward, Chairman of the Fund, commented, “The Transaction offers the Fund’s unitholders a substantial premium at a compelling valuation, as well as immediate liquidity. It also provides the Keg business with additional financial flexibility in the hands of a committed, well-capitalized owner with a long-term perspective. We are very pleased to have reached this definitive agreement with Fairfax for our unitholders, following our announcement of the non-binding LOI last month.”

    Benefits of the Transaction to Unitholders

    The Transaction, if completed, will provide numerous benefits to Unitholders, including the following:

    • Compelling Value and Significant Premium – the Purchase Price represents a 30.8% premium to the closing price for the Units on May 2, 2025 (the last trading day prior to the announcement of the LOI), and a 34.7% premium to the 20-day volume weighted average trading price as of that date.
    • Certainty and Immediate Liquidity – the Purchase Price is 100% payable in cash, with no financing condition, providing Unitholders with certainty and immediate liquidity.
    • Continued Distributions to Closing – the Fund will continue to pay its monthly cash distribution to Unitholders of $0.0946 per Unit until the Transaction is completed, including a prorated monthly distribution for the month in which the Closing occurs, as well as a special cash distribution based on the Fund’s historical practice of paying annual special distributions, with such special cash distribution being set at $0.055 per Unit for the 2025 fiscal year, prorated for the portion of the fiscal year completed as of the Closing.

    Trustee Recommendation

    The Transaction is the product of extensive, arm’s length negotiations that took place between the board of trustees of the Fund (the “Trustees”) and representatives of Fairfax. Throughout the negotiations, the Trustees were advised by independent and highly qualified legal and financial advisors.

    In connection with their review of the Transaction, the Trustees retained Fort Capital Partners (“Fort Capital”) as its independent valuator in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). Fort Capital delivered an oral opinion to the Trustees that, as of June 16, 2025, and subject to certain assumptions, limitations and qualifications to be set forth in the written formal valuation that will be included in the management information circular (the “Circular“) that will be sent to the Unitholders in connection with the special meeting to be called to approve the Transaction (the “Special Meeting“), the fair market value of the Units is in the range of $16.50 to $19.50 per Unit (the “Formal Valuation“). Fort Capital has also delivered an oral fairness opinion to the Trustees that, as of June 16, 2025, and subject to the assumptions, limitations and qualifications to be set forth in Fort Capital’s written fairness opinion that will be included in the Circular, the consideration to be received by the Unitholders (other than Fairfax) pursuant to the Transaction is fair, from a financial point of view, to the Unitholders (other than Fairfax) (the “Fort Capital Fairness Opinion“).

    Additionally, Capital West Partners (“Capital West”), financial advisor to the Trustees, provided an oral fairness opinion to the Trustees stating that, as of June 16, 2025, and subject to certain assumptions, limitations and qualifications to be set forth in Capital West’s written fairness opinion that will be included in the Circular, the consideration to be received by the Unitholders (other than Fairfax) pursuant to the Transaction is fair, from a financial point of view, to the Unitholders (other than Fairfax) (together with the Fort Capital Fairness Opinion, the “Fairness Opinions“).

    The Trustees of the Fund, after receiving legal and financial advice, the Fairness Opinions and the Formal Valuation, have unanimously determined that the Transaction is in the best interests of the Fund and fair to the Unitholders (other than Fairfax) and unanimously recommend that the Unitholders vote in favour of the Transaction.

    Copies of the Formal Valuation and the Fairness Opinions, as well as additional details regarding the terms and conditions of the Transaction, will be contained in the Circular, which will be filed with applicable Canadian securities regulators, made available on the SEDAR+ profile of the Fund at www.sedarplus.ca and mailed to the Unitholders in connection with the Special Meeting.

    Transaction Structure and Details

    The Transaction is structured as a statutory plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which, among other things, the Purchaser will acquire all of the issued and outstanding Units, other than Units already owned by Fairfax, for the Purchase Price payable in cash.

    The Transaction is expected to close in the third quarter of this year and is subject to customary closing conditions, including court approval, the approval of the Unitholders (as further described below), approval of the Toronto Stock Exchange and regulatory approval under the Competition Act (Canada).

    Completion of the Transaction will be subject to the approval of (i) more than two-thirds (66 2/3%) of the votes cast by Unitholders present in person or represented by proxy at the Special Meeting and (ii) the majority of the votes cast by Unitholders present in person or represented by proxy at the Special Meeting, excluding the votes of Fairfax (which currently owns approximately 33.92% of the Units on a fully-diluted basis, including securities exchangeable into Units (“Exchangeable Units”)) and any other Unitholders whose votes are required to be excluded for the purposes of “minority approval” under MI 61-101. Further details regarding the applicable voting requirements will be contained in the Circular.

    The Trustees and certain other Unitholders, including individuals who are directors and/or officers of certain subsidiaries of the Fund, and, as previously announced, the largest holder of outstanding Units (without taking into account any Exchangeable Units held by Fairfax), have agreed to vote their respective Units, if any, in favour of the resolution approving the Transaction, subject to certain customary conditions set forth in voting and support agreements (the “Support Agreements”). These Unitholders who have entered into Support Agreements currently hold an aggregate of approximately 14.7% of the issued and outstanding Units on an undiluted basis (representing approximately 9.9% of the issued and outstanding Units on a fully diluted basis, including the Exchangeable Units).

    Advisors

    Capital West Partners and Lawson Lundell LLP are acting as financial advisor and legal advisor, respectively, to the Trustees in respect of the Transaction. Torys LLP is acting as legal advisor to Fairfax in respect of the Transaction.

    Forward Looking Information

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This information includes, but is not limited to, statements concerning the Fund’s objectives, its strategies to achieve those objectives, as well as statements made with respect to the Trustees’ beliefs, plans, estimates, projections and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “estimates”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Trustees’ expectations, estimates and projections regarding future events or circumstances. Forward-looking information in this news release, which includes, among other things, statements relating to the Transaction (including statements in respect of the consummation of the Transaction, the payment of cash distributions, and the satisfaction of the conditions precedent thereto, in each case, if at all), is necessarily based on a number of opinions and assumptions that the Trustees considered appropriate and reasonable as of the date such statements are made in light of their experience, current conditions and expected future developments, including the assumption that the Transaction can be completed on acceptable terms and that any conditions precedent can be satisfied.

    Risks and uncertainties related to the Transaction include, but are not limited to: the possibility that the Transaction will not be completed on the terms and conditions currently contemplated; failure of the Fund and Fairfax to obtain the required regulatory, court, stock exchange and Unitholder approvals for, or satisfy other conditions to effect, the Transaction; the risk that the Transaction may involve unexpected costs, liabilities or delays; the risk of a change in general economic conditions; the risk that, prior to the completion of the Transaction, the business of KRL (as defined below) may experience significant disruptions; the risk that any legal proceedings may be instituted against the Fund or determined adversely to the interests of the Fund; and other risk factors contained in filings made by the Fund with the Canadian securities regulators, including the Fund’s annual information form dated March 25, 2025 and financial statements and related management discussion and analysis for the financial year ended December 31, 2024 filed with the securities regulatory authorities in certain jurisdictions of Canada and available at www.sedarplus.ca.

    Although the Trustees have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to them or that they presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward- looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Fund’s expectations as of the date of this news release (or as the date they are otherwise stated to be made) and are subject to change after such date. However, the Fund disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.

    About The Keg Royalties Income Fund

    The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes “Canada’s Best Employers 2025” survey.

    About Fairfax Financial Holdings Limited

    Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

    The MIL Network –

  • MIL-OSI: Combining Sustainable Growth with Performance: Boralex Announces Its Strategic Plan and Financial Objectives for 2030

    Source: GlobeNewswire (MIL-OSI)

    MONTRÉAL, June 17, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces its Strategic Plan and Financial Objectives for 2030.

    2030 Strategy Highlights

    • Acceleration of organic growth, leveraging our high-quality pipeline of projects and growth path
    • Maintain disciplined financial management with precise expected returns indicators, a solid balance sheet, flexible and agile financing and the introduction of a cash flows per share growth objective.  
    • Three simplified pillars: growth, efficiency and long-term differentiation.
    • Two markets in strong leadership position: Canada, with strong growth potential in Quebec and Ontario, and France, with significant potential to optimize revenues and cash flows from operating assets.
    • Two expanding markets: certain U.S. states, including solar in New York State, and the United Kingdom through the development of a long-term growth platform.
    • Increase in the weighted average remaining contract duration1 from 11 years in 2024 to 14 years by 2030.
    • Keeping up the pace of growth: double the Company’s installed capacity2 every five years within a diverse, inclusive, and responsible work environment aimed at a net-zero trajectory by 2050.

    “We are very proud to present the results of our 2030 strategic planning exercise. In a context where climate risk remains one of the main business risks globally, our strategy aims to combine sustainable growth with performance through the production of renewable and affordable energy,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “By executing this plan, we are unlocking the full potential of our business model, which will allow us to seize the most promising opportunities in the four markets where we are already active and where demand for renewable energy is growing rapidly,” he added.

    “This growth, supported by a development projects pipeline and growth path of 8 GW, will be carried out in a disciplined manner and will continue to focus on securing long-term power purchase agreements with an increasingly diversified customer base. Moreover, the increase in the weighted average remaining duration of our contracts from 11 to 14 years will enable us to implement highly competitive financing structures and reinvest these long-term secured funds into an increasing number of profitable projects in the coming years,” Mr. Decostre continued.

    Boralex’s 2030 Strategy is rooted in a long-term value creation perspective, as it will enable targeted investments in projects that will materialize not only over the next five years, but also in following years, replicating the approach adopted in the 2021-2025 Strategic Plan. The 2030 Strategy builds on the significant efforts made over the past five years to create a high-quality development portfolio, enabling us to set fully organic growth targets over which we have greater control. As a result, this approach carries a lower level of risk compared to the previous plan, which relied on an important expected portion coming from mergers and acquisitions.

    Financial Objectives and Main Business Indicators 2025–20303

    100% Organic financial objectives

    • Compound annual growth rate (CAGR)4 of operating income between 12% to 14%, consolidated EBITDA(A)4 between 7% to 9% and combined EBITDA(A)4 between 8% to 10%.
    • CAGR of cash flows related to operating activities per share4 and of discretionary cash flows per share4 between 8% to 10%.

    Main business indicators

    • Total planned investments4 of $6.8 billion plus $1.2 billion for projects scheduled to be commissioned after 2030.
    • Minimum levered internal rate of return (IRR)4 on investments threshold between 10% and 12% adjusted for specific risks by region and technology as well as changes in cost of capital.
    • Payout ratio4 of 20% to 40% of discretionary cash flows.

    “Boralex will continue to grow by applying the same financial discipline that has driven its success in recent years. We will become even more agile by further diversifying our sources of financing. This will include a proactive approach to capital recycling for our most mature assets or those with high value-creation potential, as well as evaluating partnerships for larger-scale projects,” said Bruno Guilmette, Senior Vice President and Chief Financial Officer of Boralex.

    “Our 100% organic financial objectives reflect the high potential of our development pipeline and growth path, which has nearly tripled over the past five years. We are also introducing a new target in this plan: the growth of discretionary cash flows per share—a metric aligned with investor expectations and with the variable compensation of our employees. We are therefore highly confident that these objectives, combined with our discipline, will enable Boralex to maximize value creation for its shareholders and all stakeholders,” Mr. Guilmette added.

    Investor Day 2025

    Boralex presented its 2030 Strategy and objectives to a group of investors, financial analysts, and bankers gathered in Toronto. The presentation was also broadcast live for business partners who were unable to attend in person. On this occasion, the executive team and regional leaders outlined the key elements and financial targets of the 2030 Strategy, the various growth opportunities and outlooks by region and technology, as well as the company’s approach to risk management and sustainability. A replay of the event and all presentation materials are available on Boralex’s website in the Investors section.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. 

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook and LinkedIn.

    Non-IFRS and other financial measures

    Performance measures

    In order to assess the performance of its assets and reporting segments, Boralex uses various performance measures. Management believes that these measures are widely accepted financial indicators used by investors to assess the operational performance of a company and its ability to generate cash through operations. The non-IFRS and other financial measures also provide investors with insight into the Corporation’s decision making as the Corporation uses these non-IFRS financial measures to make financial, strategic and operating decisions. It is important to note that the non-IFRS financial measures should not be considered as substitutes for IFRS measures. They are primarily derived from the audited consolidated financial statements, but do not have a standardized meaning under IFRS; accordingly, they may not be comparable to similarly named measures used by other companies. In addition, these non-IFRS financial measures are not audited and have important limitations as analytical tools. Investors are therefore cautioned not to consider them in isolation or place undue reliance on ratios or percentages calculated using these non-IFRS financial measures.

    Non-GAAP financial measures
    Specific financial measure Use Composition Most directly comparable IFRS measure
    Financial data – Combined (all disclosed financial data) To assess the performance and the ability of a company to generate cash from its operations and investments in joint ventures and associates. Results from the combination of the financial information of Boralex Inc. under IFRS and the share of the financial information of the Interests.

    Interests in joint ventures and associates, Share in earnings (losses) of joint ventures and associates and Distributions received from joint ventures and associates are then replaced with Boralex’s respective share in the financial statements of the Interests (revenues, expenses, assets, liabilities, etc.).

    		 Respective financial data –Consolidated
    Discretionary cash flows To assess the cash generated from operations and the amount available for future development or to be paid as dividends to common shareholders while preserving the long-term value of the business. Net cash flows related to operating activities before “change in non-cash items related to operating activities,” less:

    (i) distributions paid to non-controlling shareholders;
    (ii) additions to property, plant and equipment (maintenance of operations);
    (iii) repayments on non-current debt (projects) and repayments to tax equity investors;
    (iv) principal payments related to lease liabilities;
    (v) adjustments for non-operational items; plus
    (vi) development costs (from the statement of earnings).

    		 Net cash flows related to operating activities
    Non-GAAP financial measures – Non-GAAP ratios
    Specific financial measure Use Composition
    Discretionary cash flows per share To assess the amount per share available for future development or to be paid as dividends to common shareholders while preserving the long-term value of the business as well as to assess operating results.

    Financial objective 2030

    		 The discretionary cash flows amount divided by the weighted average number of basic outstanding shares.
    Payout ratio To assess ability to sustain current dividends as well as ability to fund its future development.

    Main business indicator 2030

    		 The amount of dividends paid to shareholders divided by the discretionary cash flows amount.
    Other financial measures – Total of segment measures
    Specific financial measure Most directly comparable IFRS measure
    EBITDA(A) Operating income
    Other financial measures – Total of segment measures
    Specific financial measure Most directly comparable IFRS measure
    Compound annual growth rate (CAGR) The CAGR is a growth rate indicating the annual variation as if the growth had been constant throughout the period for a period of more than one fiscal year.
    Net Cash flows related to operating activities per share

    Financial objective 2030    		 The amount of cash flows from operating activities is divided by the weighted average number of basic outstanding shares.
    Total planned investments

    Main business indicator 2030

    		 Total planned investments represent the sums that will need to be invested to complete the projects up to commissioning.
    Internal rate of return (IRR)

    Main business indicator 2030

    		 The IRR is a profitability indicator that measures the average annual return of an investment, taking into account levered cash flows.


    Assumptions regarding forward-looking information

    Assumptions and risk factors regarding the forward-looking information in our 2030 strategic targets are presented below.

    Assumptions regarding forward-looking information
    Forward-looking information Key assumptions Most relevant risk factors
    2030 Installed capacity Results solely from the contribution of organic projects, excluding the impact of potential merger and acquisition transactions. Lag in commissioning time if obtaining the required permits is more complicated and takes longer than expected and if the Corporation encounters issues related to the availability of materials.
    Weighted average residual duration of contracts 2030 Growth of installed capacity according to the strategic plan and obtaining targeted contracts for new projects that will be commissioned. Delay in the commissioning of organic projects and contractual conditions different from those initially planned.
    Projects under construction Investments, EBITDA(A) and forecasted discretionary cash flows to meet the target IRR of 10% to 12% set by management for projects under construction. Possible variation in construction costs related to the complexity of work, the supply of materials and equipment and availability of labour necessary for the construction of projects.
    2030 Operating Result and EBITDA(A) 2030 Prices of energy sales or feed-in premium contracts, proportion of production sold at market prices, annual anticipated production, cost structures to support growth. Competition in requests for proposals, lag in commissioning time for organic projects and completion of merger and acquisition transactions, price curve volatility and weather conditions impacting the total volume of power generated by the Corporation.
    Cash flow per share 2030 Largely related to the expected EBITDA(A), and to project financing ranging from 70% to 80% of the total planned investment and the number of shares outstanding. Possible fluctuations related to deviations in the expected EBITDA(A) target and market conditions for financing and issuing new equity instruments


    Disclaimer regarding forward-looking statements

    Certain statements contained in this release, including those related to results and performance for future periods, installed capacity targets, EBITDA(A) and discretionary cash flows, the Corporation’s strategic plan, business model and growth strategy, organic growth and growth through mergers and acquisitions, obtaining an investment grade credit rating, payment of a quarterly dividend, the Corporation’s financial targets, the projects commissioning dates, the portfolio of renewable energy projects, the Corporation’s Growth Path, the bids for new storage and solar projects and its Corporate Social Responsibility (CSR) objectives are forward-looking statements based on current forecasts, as defined by securities legislation. Positive or negative verbs such as “will,” “would,” “forecast,” “anticipate,” “expect,” “plan,” “project,” “continue,” “intend,” “assess,” “estimate” or “believe,” or expressions such as “toward,” “about,” “approximately,” “to be of the opinion,” “potential” or similar words or the negative thereof or other comparable terminology, are used to identify such statements.

    Forward-looking statements are based on major assumptions, including those about the Corporation’s return on its projects, as projected by management with respect to wind and other factors, opportunities that may be available in the various sectors targeted for growth or diversification, assumptions made about EBITDA(A) margins, assumptions made about the sector realities and general economic conditions, competition, exchange rates as well as the availability of funding and partners. While the Corporation considers these factors and assumptions to be reasonable, based on the information currently available to the Corporation, they may prove to be inaccurate.

    Boralex wishes to clarify that, by their very nature, forward-looking statements involve risks and uncertainties, and that its results, or the measures it adopts, could be significantly different from those indicated or underlying those statements, or could affect the degree to which a given forward-looking statement is achieved. The main factors that may result in any significant discrepancy between the Corporation’s actual results and the forward-looking financial information or expectations expressed in forward-looking statements include the general impact of economic conditions, fluctuations in various currencies, fluctuations in energy prices, the risk of not renewing PPAs or being unable to sign new corporate PPA, the risk of not being able to capture the US or Canadian investment tax credit, counterparty risk, the Corporation’s financing capacity, cybersecurity risks, competition, changes in general market conditions, industry regulations and amendments thereto, particularly the legislation, regulations and emergency measures that could be implemented for time to time to address high energy prices in Europe, litigation and other regulatory issues related to projects in operation or under development, as well as certain other factors considered in the sections dealing with risk factors and uncertainties appearing in Boralex’s MD&A for the fiscal year ended December 31, 2024.

    Unless otherwise specified by the Corporation, forward-looking statements do not take into account the effect that transactions, non-recurring items or other exceptional items announced or occurring after such statements have been made may have on the Corporation’s activities. There is no guarantee that the results, performance or accomplishments, as expressed or implied in the forward-looking statements, will materialize. Readers are therefore urged not to rely unduly on these forward-looking statements.

    Unless required by applicable securities legislation, Boralex’s management assumes no obligation to update or revise forward- looking statements in light of new information, future events or other changes.

    For more information

    Source: Boralex inc.        

    1 The weighted average remaining duration also includes non-activated contracts for newly commissioned sites.
    2 Installed capacity reflects 100% of Boralex’s subsidiaries in which Boralex is the controlling shareholder. It also reflects Boralex’s share in entities over which it does not have control, and which are accounted for using the equity method.
    3 For more information on the key assumptions and risk factors related to the targets of the 2030 strategic plan, refer to the section Non-IFRS financial measures and other financial measures of this press release.
    4 The compound annual growth rate, cash flows from operating activities per share, total planned investments, and internal rate of return are additional financial measures. The Combined is a non-GAAP financial measure and does not have a standardized definition under IFRS. Therefore, this measure may not be comparable to similar measures used by other companies. Discretionary cash flows per share and the payout ratio are non-GAAP ratios and do not have a standardized definition under IFRS. EBITDA(A) is a total of sector measures. In 2024, net cash flows from operating activities amounted to $411 million, after adjusting to exclude the change in accounts payable related to the inframarginal rent contribution, representing an amount of $196 million. This adjustment primarily reflects a payment made during the third quarter of the fiscal year. The inframarginal rent contribution is no longer applicable in 2025. For more details, refer to the section Non-GAAP Financial Measures and Other Financial Measures in this press release.

    The MIL Network –

  • MIL-OSI: Fengate Asset Management and Tilbury Properties achieve financial close on new student residence in Ontario

    Source: GlobeNewswire (MIL-OSI)

    SARNIA, Ontario, June 17, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate), in partnership with Tilbury Properties (Tilbury), today announced financial close on a new student residence at Lambton College in Sarnia. The residence will provide much-needed accommodation to 311 college students when it opens in September 2027.

    Fengate and Tilbury were selected to design, construct, finance, operate, and maintain the new on-campus residence following a competitive procurement process. Fengate is managing the investment on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by LiUNA’s Pension Fund of Central and Eastern Canada.

    Located in the heart of Lambton County, Lambton College is a globally recognized leader in education, innovation, and applied research. As the sole post-secondary institution in the region, the College plays a vital role in the community, driving economic development and diversification, propelling social and environmental innovation, and providing quality education to domestic and international students to ensure a thriving skilled workforce.

    “Fengate looks forward to bringing its deep institutional project experience to this new campus residence to provide modern, sustainable accommodation opportunities to Lambton College students in 2027,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

    Fengate delivered and is operating the Emily Carr University of Art + Design in British Columbia (B.C.) – the only specialized post-secondary institution in B.C. In 2023, the firm also completed a public-private partnership bundle of six schools in Prince George’s County, Maryland, to provide state-of-the-art schools and 8,000 new desks for K-8 and middle school students.

    “Tilbury is proud to partner with Lambton College on this exciting new student residence,” said Michael Kaye, Founding Partner at Tilbury. “This thoughtfully designed project will modernize the College’s on-campus housing and support the academic and personal success of students for decades to come.”

    Specializing in purpose-built student accommodation, Tilbury takes a collaborative, hands-on approach with its post-secondary partners. The company prides itself on tailoring each project to meet the unique needs of academic institutions, creating exceptional living and learning environments. In September 2025, Tilbury will open a 452-bed residence and dining hall at the University of Windsor, further demonstrating its leadership in on-campus housing development.

    The new campus residence at Lambton College will incorporate energy-efficient systems and sustainable building materials to minimize environmental footprint and will include landscaped green spaces to enhance the campus environment.

    Construction is scheduled to start later this month.

    About Fengate

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.

    About Tilbury

    Tilbury Properties is a Canadian real estate development firm focused on purpose-built student housing. Founded in 2020, the company has over 1,000 student beds in various stages of development, making it one of the leading developers in Canada’s student housing sector. Learn more at www.tilburyprop.com.

    Media Contact

    Maddison Sharples
    Vice President, Communications and Marketing
    Fengate Asset Management
    +1 416-254-3326
    Maddison.Sharples@fengate.com

    The MIL Network –

  • MIL-OSI: Fengate Asset Management and Tilbury Properties achieve financial close on new student residence in Ontario

    Source: GlobeNewswire (MIL-OSI)

    SARNIA, Ontario, June 17, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate), in partnership with Tilbury Properties (Tilbury), today announced financial close on a new student residence at Lambton College in Sarnia. The residence will provide much-needed accommodation to 311 college students when it opens in September 2027.

    Fengate and Tilbury were selected to design, construct, finance, operate, and maintain the new on-campus residence following a competitive procurement process. Fengate is managing the investment on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by LiUNA’s Pension Fund of Central and Eastern Canada.

    Located in the heart of Lambton County, Lambton College is a globally recognized leader in education, innovation, and applied research. As the sole post-secondary institution in the region, the College plays a vital role in the community, driving economic development and diversification, propelling social and environmental innovation, and providing quality education to domestic and international students to ensure a thriving skilled workforce.

    “Fengate looks forward to bringing its deep institutional project experience to this new campus residence to provide modern, sustainable accommodation opportunities to Lambton College students in 2027,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

    Fengate delivered and is operating the Emily Carr University of Art + Design in British Columbia (B.C.) – the only specialized post-secondary institution in B.C. In 2023, the firm also completed a public-private partnership bundle of six schools in Prince George’s County, Maryland, to provide state-of-the-art schools and 8,000 new desks for K-8 and middle school students.

    “Tilbury is proud to partner with Lambton College on this exciting new student residence,” said Michael Kaye, Founding Partner at Tilbury. “This thoughtfully designed project will modernize the College’s on-campus housing and support the academic and personal success of students for decades to come.”

    Specializing in purpose-built student accommodation, Tilbury takes a collaborative, hands-on approach with its post-secondary partners. The company prides itself on tailoring each project to meet the unique needs of academic institutions, creating exceptional living and learning environments. In September 2025, Tilbury will open a 452-bed residence and dining hall at the University of Windsor, further demonstrating its leadership in on-campus housing development.

    The new campus residence at Lambton College will incorporate energy-efficient systems and sustainable building materials to minimize environmental footprint and will include landscaped green spaces to enhance the campus environment.

    Construction is scheduled to start later this month.

    About Fengate

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.

    About Tilbury

    Tilbury Properties is a Canadian real estate development firm focused on purpose-built student housing. Founded in 2020, the company has over 1,000 student beds in various stages of development, making it one of the leading developers in Canada’s student housing sector. Learn more at www.tilburyprop.com.

    Media Contact

    Maddison Sharples
    Vice President, Communications and Marketing
    Fengate Asset Management
    +1 416-254-3326
    Maddison.Sharples@fengate.com

    The MIL Network –

  • MIL-OSI: Duck Creek Technologies Announces Six New Digital Certifications through Duck Creek University

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the release of six new digital certifications through Duck Creek University. These certifications are designed to deepen industry expertise, elevate technical knowledge, and drive success across the insurance technology ecosystem.

    The newly launched certifications include:

    • Loss Control Certification
    • DevOps Certification
    • Intelligence Certification
    • Suite Certification
    • Billing Certification
    • Reinsurance Certification

    Each certification track delivers a structured, role-based learning experience that equips learners with the practical skills needed to implement and optimize Duck Creek solutions. Developed by industry experts and powered by Duck Creek University’s modern learning platform, these certifications align directly with product capabilities and real-world application.

    “We are committed to building the future of insurance through education,” said Jeff Reinholtz, Senior Director, Duck Creek University for Duck Creek Technologies. “These new certifications not only validate key competencies but also empower our customers and partners to deliver value faster with confidence.”

    All digital credentials earned include a Credly certificate and badge, enabling learners to share their verified achievements on LinkedIn and other platforms. With a focus on flexibility, accessibility, and hands-on learning, Duck Creek University continues to support the growing demand for skilled professionals across the insurance technology landscape.

    Visit Duck Creek University for more information about Duck Creek’s world-class learning experience.

    About Duck Creek Technologies
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    Media Contacts:
    Marianne Dempsey/Tara Stred
    duckcreek@threeringsinc.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: OnTerra Systems Announces New Consulting & Software Development Services Offerings

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 17, 2025 (GLOBE NEWSWIRE) — OnTerra Systems (www.OnTerraSystems.com), a web mapping technologies provider and reseller, today announced new consulting & software development services offerings for Bing Maps, Azure Maps, and HERE Maps.

    OnTerra Systems will offer a wide range of affordable, efficient development services and consulting, including:

    • Architectural / Software & Application Design Services
    • Project Management Using “Agile” Methodologies
    • Bing Maps, Azure Maps, and HERE Maps Technology & Features Design
    • Mapping and Geospatial Development & Implementation
    • Mapping and Geospatial Migration Planning & Development
    • Proof-of-Concept (POC) Development
    • Rapid Project Startup / Project Jumpstart Services

    The availability of these consulting & software development services from OnTerra Systems is particularly timely. Free accounts for Bing Maps for Enterprise will be discontinued by Microsoft in June of 2025. Those organizations using the free version of Bing Maps for Enterprise will first need guidance on the best alternatives – as well as actual deployment of the migration. As a long-time Microsoft reseller and software solutions provider, OnTerra Systems is uniquely qualified to provide consulting and services for migration away from the free version of Bing Maps for Enterprise.

    In addition, Bing Maps for Enterprise will be completely retired as of June 2028. At that time, users of Bing Maps for Enterprise must migrate off that platform and to a new one, or solutions they’ve developed using Bing Maps for Enterprise will no longer work. OnTerra Systems is available to help organizations plan for the migration off Bing Maps for Enterprise and can provide recommendations for solutions that can immediately save businesses & non-profits money. For any business or non-profit that would like to lower their costs of using a mapping platform for enterprise solutions or products they’ve developed, it is worth considering a transition to a new platform sooner than June of 2028.

    Three Affordable Pricing Options For OnTerra Systems’ Consulting & Software Development Services Related To Bing Maps For Enterprise, Azure Maps & HERE Maps

    OnTerra Systems offers 3 options for obtaining Bing Maps for Enterprise migration consulting and/or software solution development services:

    Option 1: Straight Hourly Services
    OnTerra Systems can provide Bing Maps for Enterprise migration consulting services – as well as other consulting and software solution development services on a straight hourly basis. To begin the process, OnTerra Systems works with customers to determine the scope of the project and then provides an estimate.

    Option 2: OnTerra Systems “Jumpstart” Package
    OnTerra Systems offers a “Jumpstart” Package that includes up to 5 hours of project management and solution architecture design, and up to 40 hours of solution development time.

    Option 3: Bing Maps for Enterprise Migration Consulting Package
    This option includes project assessment and development of a project plan and budget to accomplish an organization’s Bing Maps for Enterprise migration goals. From the initial assessment, OnTerra Systems develops a project plan, a budget, and a timeline. This work typically ranges between 10-30 hours.

    “As long-time web mapping and geospatial services experts and long-time Microsoft resellers, OnTerra Systems is uniquely qualified to provide software services and consulting related to general web mapping, geospatial solutions, route optimization solutions, and Bing Maps for Enterprise migration strategies before Microsoft retires Bing Maps for Enterprise,” said OnTerra Systems CEO Steve Milroy.

    About OnTerra Systems
    Founded in 2005, OnTerra Systems is a mapping software company that offers affordable access to traditionally expensive web mapping technologies. OnTerra Systems’ web mapping technology offerings include powerful, affordable RouteSavvy route planning software, basic and advanced route optimization APIs, aerial imagery with MapSavvy.com, and licensing of web map platforms and related consulting and systems integration. For more information, visit: www.OnTerraSystems.com

    MEDIA CONTACT:
    Courtney DeWinter, DeWinter Marketing & PR Agency – Denver, Colo.
    303.572.8180, www.DeWinterMarketingPR.com

    The MIL Network –

  • MIL-OSI: Intermex and the New York Red Bulls Join Forces to Bring Financial Services to Northeastern Communities Through the Shared Passion for Soccer

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 17, 2025 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance provider to Latin America and the Caribbean, today announced a new official partnership with the New York Red Bulls, one of Major League Soccer’s most dynamic and community-focused clubs. This collaboration brings together two organizations committed to serving and celebrating the diverse cultural richness of the Latino community, using soccer as a powerful platform for connection.

    With over 85 million soccer fans across the United States and Latinos representing nearly 70% of MLS viewership, this partnership with the New York Red Bulls strengthens Intermex’s commitment to remain close to its customers in the northeast region — not only through financial services, but by supporting the sport that represents identity, family, and tradition for millions of Latino households.

    “Intermex was built by Latinos for Latinos. Partnering with the New York Red Bulls allows us to engage directly with the vibrant northeast latin communities we proudly serve, in one of the most culturally diverse regions in the world,” said Marcelo Theodoro, Chief Product, Marketing & Digital Officer at Intermex. “NY Red Bulls represents the cutting edge of the sport, This partnership demonstrates Intermex’s ambition to expand, grow, and redefine what it means to move money and provide financial services with meaning in the digital age.”

    “The Red Bulls and Sports Illustrated Stadium are proud to welcome Intermex to our club and venue,” said Scott Epstein, Head of Corporate Partnerships, New York Red Bulls. “As valued partners, we both pride ourselves on the exceptional customer and fan experience we strive to deliver.”

    Through this partnership, Intermex and the New York Red Bulls will collaborate on in-stadium activations, community outreach events, and cultural initiatives that spotlight the passion, pride, and identity that soccer brings to Latino families across the Tri-State area.

    About Intermex
    Founded in 1994, Intermex applies proprietary technology to enable consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries. The company facilitates digital money movement through its website and mobile app, as well as through a vast network of retail agents and company-operated stores. Headquartered in Miami, Florida, Intermex also operates international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain. Learn more at www.intermexonline.com.

    About New York Red Bulls
    The New York Red Bulls are one of 29 teams in Major League Soccer (MLS). The club is owned by the global energy drink and media company Red Bull GmbH and plays its home matches at Red Bull Arena in Harrison, New Jersey. Since joining MLS as a founding member in 1996, the Red Bulls have won three Supporters’ Shields, earned multiple playoff appearances, and continue to serve as a leader in youth development through its Academy system. The club is deeply committed to connecting with the diverse communities of the New York and New Jersey metro area through soccer, community programs, and fan engagement. For more information, visit www.newyorkredbulls.com.

    Investor Relations Contact:
    Alex Sadowski
    Investor Relations Coordinator
    ir@intermexusa.com
    305-671-8000

    The MIL Network –

  • MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Surpasses 16,000 Drinks Served at Flagship Las Vegas Location

    Source: GlobeNewswire (MIL-OSI)

    Company’s AI-powered robot, ADAM, continues to revolutionize beverage service and free its human counterparts to engage with customers

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-powered service robotics, announced today that its cutting-edge robot, ADAM, has officially served over 16,000 drinks at Clouffee & Tea in Town Square, Las Vegas.

    Opened on February 9, 2025, Clouffee & Tea is the Company’s flagship food and beverage concept, showcasing ADAM’s capabilities in a real-world retail setting. The café features a diverse menu of milk teas, coffees, and desserts—all prepared and served with precision and consistency by ADAM.

    Powered by advanced AI and driven by NVIDIA technology, ADAM is designed to engage customers, suggest beverages based on preferences, and execute complex recipes with both speed and accuracy. With two robotic arms operating in seamless coordination, ADAM can deliver a high-quality experience that’s both efficient and entertaining.

    At the core of ADAM’s high-performance service is its proprietary vision-AI system, which monitors each cup in real time and precisely adjusts pour angle, flow rate, and timing to ensure milliliter-level accuracy with every drink. This advanced, closed-loop “perception-to-action” control system not only enables ADAM to deliver premium beverages—it also represents the foundation for a much broader vision. Designed as a versatile robotic coworker, ADAM is built to scale far beyond beverage service, with potential applications across retail, laboratories, and other commercial environments.

    “Surpassing 16,000 drinks served is more than just a milestone—it’s a compelling validation of ADAM’s real-world performance and commercial viability,” said Matt Casella, President of Richtech Robotics. “ADAM combines precision engineering with adaptive AI to deliver a faster, smarter, and more engaging customer experience. This kind of scalable, revenue-generating automation not only transforms service models in food and beverage—it also underscores the broader value proposition for our partners and investors as we expand ADAM’s applications across multiple industries.”

    Richtech Robotics has deployed over 400 robotic solutions across a wide range of industries, including hospitality, retail, healthcare, manufacturing, and entertainment. Its clients include industry leaders such as the Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and many more.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the precision, quality and consistency of the performance of the ADAM robot and the scalability and commercial viability of the ADAM robot.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea, Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Surpasses 16,000 Drinks Served at Flagship Las Vegas Location

    Source: GlobeNewswire (MIL-OSI)

    Company’s AI-powered robot, ADAM, continues to revolutionize beverage service and free its human counterparts to engage with customers

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-powered service robotics, announced today that its cutting-edge robot, ADAM, has officially served over 16,000 drinks at Clouffee & Tea in Town Square, Las Vegas.

    Opened on February 9, 2025, Clouffee & Tea is the Company’s flagship food and beverage concept, showcasing ADAM’s capabilities in a real-world retail setting. The café features a diverse menu of milk teas, coffees, and desserts—all prepared and served with precision and consistency by ADAM.

    Powered by advanced AI and driven by NVIDIA technology, ADAM is designed to engage customers, suggest beverages based on preferences, and execute complex recipes with both speed and accuracy. With two robotic arms operating in seamless coordination, ADAM can deliver a high-quality experience that’s both efficient and entertaining.

    At the core of ADAM’s high-performance service is its proprietary vision-AI system, which monitors each cup in real time and precisely adjusts pour angle, flow rate, and timing to ensure milliliter-level accuracy with every drink. This advanced, closed-loop “perception-to-action” control system not only enables ADAM to deliver premium beverages—it also represents the foundation for a much broader vision. Designed as a versatile robotic coworker, ADAM is built to scale far beyond beverage service, with potential applications across retail, laboratories, and other commercial environments.

    “Surpassing 16,000 drinks served is more than just a milestone—it’s a compelling validation of ADAM’s real-world performance and commercial viability,” said Matt Casella, President of Richtech Robotics. “ADAM combines precision engineering with adaptive AI to deliver a faster, smarter, and more engaging customer experience. This kind of scalable, revenue-generating automation not only transforms service models in food and beverage—it also underscores the broader value proposition for our partners and investors as we expand ADAM’s applications across multiple industries.”

    Richtech Robotics has deployed over 400 robotic solutions across a wide range of industries, including hospitality, retail, healthcare, manufacturing, and entertainment. Its clients include industry leaders such as the Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and many more.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the precision, quality and consistency of the performance of the ADAM robot and the scalability and commercial viability of the ADAM robot.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea, Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Milton “Todd” Ault III Intends to Step Down as an Officer from Hyperscale Data Upon Divestiture of Ault Capital Group

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its Founder and Executive Chairman, Milton “Todd” Ault III, has informed the Company that he will resign as the Company’s Executive Chairman but remain as a director upon the effectiveness of the planned divestiture of Ault Capital Group, Inc. (“ACG”), a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.   Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”).

    Following the Divestiture, Mr. Ault, who is also the Executive Chairman of ACG, will focus almost exclusively on leading ACG and its growing portfolio of businesses, including private credit, an artificial intelligence (“AI”) software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations.

    Upon Mr. Ault’s departure, William Horne, Hyperscale Data’s Chief Executive Officer, is expected to continue as such and assume the position of Chairman of the Board. Mr. Horne, who has led the Company’s operational and strategic initiatives, will continue guiding Hyperscale Data’s transformation into an owner and operator of data centers to support high-performance computing (“HPC”) services, though it may for a time continue to mine Bitcoin.

    “This is a natural next step in Hyperscale Data’s evolution,” said Mr. Ault. “With Will at the helm, the Company is well-positioned to deliver on our vision of it becoming a leading pure-play AI data center platform. I’ll be turning virtually all my attention to ACG, where we see significant opportunities across our portfolio and new ventures. In my view, Hyperscale Data’s AI-centric data center represents tremendous untapped value for stockholders.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to complete the Divestiture of ACG on or about December 31, 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Milton “Todd” Ault III Intends to Step Down as an Officer from Hyperscale Data Upon Divestiture of Ault Capital Group

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 17, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its Founder and Executive Chairman, Milton “Todd” Ault III, has informed the Company that he will resign as the Company’s Executive Chairman but remain as a director upon the effectiveness of the planned divestiture of Ault Capital Group, Inc. (“ACG”), a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.   Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”).

    Following the Divestiture, Mr. Ault, who is also the Executive Chairman of ACG, will focus almost exclusively on leading ACG and its growing portfolio of businesses, including private credit, an artificial intelligence (“AI”) software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations.

    Upon Mr. Ault’s departure, William Horne, Hyperscale Data’s Chief Executive Officer, is expected to continue as such and assume the position of Chairman of the Board. Mr. Horne, who has led the Company’s operational and strategic initiatives, will continue guiding Hyperscale Data’s transformation into an owner and operator of data centers to support high-performance computing (“HPC”) services, though it may for a time continue to mine Bitcoin.

    “This is a natural next step in Hyperscale Data’s evolution,” said Mr. Ault. “With Will at the helm, the Company is well-positioned to deliver on our vision of it becoming a leading pure-play AI data center platform. I’ll be turning virtually all my attention to ACG, where we see significant opportunities across our portfolio and new ventures. In my view, Hyperscale Data’s AI-centric data center represents tremendous untapped value for stockholders.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to complete the Divestiture of ACG on or about December 31, 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: XWELL Named Official Wellness Spa of the Orlando Magic

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — XWELL, Inc. (Nasdaq: XWEL) (“XWELL” or the “Company”), a leading provider of wellness solutions for people on the go, today announced it has been named the Official Wellness Spa of the Orlando Magic as part of a new multiyear partnership. The partnership reflects a significant milestone in XWELL’s strategic expansion beyond airports and into high-growth local markets – beginning with Florida.

    “This partnership with the Orlando Magic represents a powerful opportunity to introduce our wellness offerings to a broader community,” said XWELL CEO Ezra Ernst. “Florida is a priority growth market for us, and we’re proud to partner with an organization that shares our dedication to physical and mental well-being. Together, we’ll help make wellness more accessible and top-of-mind for fans throughout the region.” 

    Building on its strong foundation in Orlando —where XWELL has long served wellness-minded travelers at its Xpres Spa in Orlando International Airport—this new collaboration allows XWELL to extend its reach into the broader community. It underscores the company’s expanding mission to liberate wellness beyond travel hubs and into daily life.

    Through this partnership, XWELL will receive significant brand integration across the Magic’s digital and in-arena platforms, including LED signage during home games, sponsored sweepstakes, radio promotions, website and app placement, and exclusive activations at Magic Fan Fest events outside the Kia Center. The agreement also includes on-court contests, consumer giveaways, and a co-branded wellness event at a local XWELL spa location featuring appearances by Magic alumni, the Magic entertainment teams, and fan-favorite mascot STUFF.

    “The Orlando Magic are thrilled to partner with XWELL, a brand continuing to grow in Central Florida,” said Magic Sr. Vice President of Global Partnerships J.T. McWalters. “As two organizations that place an emphasis on legendary customer service, this partnership is a natural fit. We can’t wait to share with our fans all that XWELL has to offer the Central Florida community.”

    The partnership plays a key role in supporting XWELL’s business goals in Florida, where the company is focused on expanding its medspa footprint as well as building brand awareness and lasting connections with local consumers. Through high-visibility brand activations and community engagement, XWELL aims to strengthen customer acquisition and solidify its role as a leading wellness provider in the state – inside and outside the airport.

    For Magic fans and the broader Orlando community, XWELL’s presence at Kia Center and in the local area reflects the shared commitment of both brands to the health and well-being of its fans, players, and staff. With a growing number of wellness spas and services available to Magic fans across Florida, XWELL is poised to help bring the same mindset of care, recovery, and resilience off the court and into everyday life.

    XWELL and the Orlando Magic will launch their first co-branded campaign and sweepstakes this season, offering fans exclusive discounts, chances to win a year of spa treatments, and additional unique opportunities to come.

    To learn more about XWELL’s services and locations, visit www.XWELL.com.

    About XWELL, Inc.
    XWELL, Inc. (Nasdaq: XWEL) is a global wellness holding company that operates a portfolio of brands dedicated to health, beauty, and self-care, including Xpres Spa®, Naples Wax Center®, XpresCheck®, and HyperPointe™. With locations in airports and metropolitan areas across the country, XWELL is redefining the modern wellness experience through innovation, personalization, and accessibility.

    About the Orlando Magic
    Orlando’s NBA franchise since 1989, the Magic’s mission is to be world champions on and off the court, delivering legendary moments every step of the way. Under the DeVos family’s ownership, the Magic have seen great success in a relatively short history, winning eight division championships (1995, 1996, 2008, 2009, 2010, 2019, 2024, 2025) with seven 50-plus win seasons and capturing the Eastern Conference title in 1995 and 2009. Off the court, on an annual basis, the Orlando Magic gives more than $2 million to the local community by way of sponsorships of events, donated tickets, autographed merchandise and grants. Orlando Magic community relations programs impact an estimated 100,000 kids each year, while a Magic staff-wide initiative provides more than 7,000 volunteer hours annually. In addition, the Orlando Magic Youth Foundation (OMYF) which serves at-risk youth, has distributed more than $30 million to local nonprofit community organizations over the last 35 years. The Magic’s other entities include the team’s NBA G League affiliate, the Osceola Magic, 2021 G League champions, and the Orlando Solar Bears of the ECHL, which serves as the affiliate to the NHL’s Tampa Bay Lightning. The Magic play their home games at the award-winning Kia Center – voted by fans no. 1 in the NBA for game experience; honored with TheStadiumBusiness Awards’ Customer Experience Award; named SportsBusiness Journal’s Sports Facility of the Year; and awarded the Venue Excellence Award (VEA) by the International Association of Venue Managers. The Magic practice at the award-winning AdventHealth Training Center. The Magic was also recognized by the Sports Business Journal as one of the “Best Places to Work” in sports in 2023 and 2024. For ticket information, visit OrlandoMagic.com or call 407-89-MAGIC.

    Forward-Looking Statements
    This press release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the negative of such terms, or other comparable terminology. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: the anticipated use of proceeds from the private placement. Forward-looking statements relating to expectations about future results or events are based upon information available to XWELL as of the date of this press release, and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Additional information concerning these and other risks is contained in the Company’s Annual Report on Form 10-K, as amended, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/314d6ece-0fb7-460a-8413-bd3ffe40667d

    The MIL Network –

  • MIL-OSI: Coralogix Surpasses $1B Valuation and Unveils Industry’s First AI Agent That Extends Observability Value Across the Enterprise

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — As part of its $115M funding round announced today, Coralogix, a leading full-stack observability platform provider, today introduced “Olly,” an AI agent designed to extend the value of observability across the enterprise. Olly enables anyone, from product managers to business leaders, to interact with observability data and get real-time, actionable answers.

    With its newest round of funding, the company surpasses a $1 billion valuation, driven by strong customer growth and increasing demand for scalable observability. The funding is fueling the global rollout and commercialization of Olly and will play a pivotal role in shaping the future of observability innovation.

    Observability is at a turning point. Traditionally used by engineers to troubleshoot systems, it’s now poised to become a strategic asset for the entire enterprise. Olly redefines what observability can be in the AI era, going beyond logs, metrics, and traces to deliver contextual answers, automate root cause analysis, and proactively surface opportunities and risks. By fusing advanced AI with deep telemetry data, Olly transforms observability from a reactive tool into an intelligent, always-on assistant that empowers teams across functions to drive faster, smarter decisions.

    Coralogix’s streaming architecture, which processes data in real time as it’s transmitted, enables the platform to deliver observability at scale, speed, and efficiency that legacy alternatives can’t match. This foundation, combined with Coralogix’s acquisition of AI observability and guardrails innovator Aporia, has established the company’s platform as the first to observe AI as a distinct stack. As enterprises rapidly deploy AI projects, Coralogix’s AI Center evaluates GenAI models and ensures they perform reliably, delivering accurate results while minimizing risks.

    Olly is an agentic AI system designed not just to surface alerts from all of the telemetry data that Coralogix observes, but to answer questions and guide action. Users can ask questions ranging from precise prompts like “What is wrong with the payment flow?” or “Why do some users struggle with logging in?” to more holistic questions like “Which service is frustrating our users the most?” Though easy to phrase, these prompts give users access to deep system-level understanding without requiring manual investigation or specialized knowledge.

    Olly’s key benefits include:

    • Efficient Telemetry Search and Reduced Mean Time to Repair (MTTR): Replacing the multi-step process of telemetry filtering and browsing, Olly offers a streamlined, prompt-driven interface to quickly identify the “why” behind system failures and all other actions taken in a company’s application or system.
    • Instant Root Cause Identification: By consolidating and interpreting logs, metrics, and traces, Olly saves engineers valuable time and eliminates the need for manual analysis.
    • Guided Recommendations: Rather than attempting to solve each problem directly, Olly focuses on fast, accurate error detection and diagnostics. It offers guidance and suggested fixes for common issues, giving teams the confidence to address problems while retaining full control over the resolution process.

    “Olly is more than just an observability tool; it’s an intelligent assistant that empowers employees to gain full access to all their data and make better decisions,” said Ariel Assaraf, CEO, Coralogix.

    “AI is not just part of the future; we believe it’s the foundation of it,” said Yoni Farin, co-founder and CTO of Coralogix. “That’s why we’ve made a bold, foundational change to embed AI into the core of our platform.”

    General availability is slated for early Q3 2025. To learn more, visit Olly.new or www.coralogix.com.

    About Coralogix
    Coralogix is a full-stack observability platform that enables businesses to monitor and manage data in real time, providing instant insights without the need for indexing. The platform supports Log Analytics, application performance monitoring (APM), security information and event management (SIEM), real user monitoring (RUM), and infrastructure monitoring, offering complete visibility into AI performance, security, and governance in a single solution. Coralogix offers a simple pricing model based on data volume, along with world-class support that ensures rapid response times and swift resolutions. To learn more, visit www.coralogix.com.

    PR Contact
    Mark Prindle
    Fusion PR
    mark.prindle@fusionpr.com

    The MIL Network –

  • MIL-OSI: Coralogix Raises $115M E Round at $1B+ Valuation to Advance AI-Powered Observability

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — Coralogix, a leading full-stack observability platform provider, today announced a $115 million Series E funding round. The round was led by NewView Capital, a California-based venture growth firm, with participation of the Canada Pension Plan Investment Board (CPPIB) and NextEquity, the venture firm founded by former Apple executives Avie Tevanian and Fred Anderson. The round brings Coralogix’s valuation to over $1 billion.

    All existing investors — including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments — also returned to support Coralogix’s continued growth and leadership in AI observability.

    Coralogix today announced its new AI agent Olly, the centerpiece of the company’s initiative to extend the value of observability across the enterprise. While traditional observability tools have helped DevOps teams diagnose and troubleshoot system behavior, Olly takes a fundamentally different, agentic approach – actively guiding users through questions, surfacing insights, and recommending next steps. By allowing both technical and non-technical users to access Observability insights, Olly transforms observability into an intelligent system that drives better, faster decisions across the business.

    The announcements follow the company’s December 2024 acquisition of Aporia, an AI observability and guardrails innovator; and the recent launch of Coralogix AI Center, the first AI observability platform that provides insights not only into performance, but also the quality, security and governance of its responses.

    “This funding round accelerates our momentum and helps us push the boundaries of AI-driven observability, enabling smarter decisions and faster innovation across the business,” said Ariel Assaraf, CEO and Co-founder of Coralogix.

    “As we expand our full-stack Observability & Security platform, this round will help us in accelerating the building of the Coralogix AI research center where engineers are already working on how data will be accessed and analyzed in the future,” said Yoni Farin, CTO and Co-founder of Coralogix.

    About Coralogix
    Coralogix is a full-stack observability platform that enables businesses to monitor and manage data in real time, providing instant insights without the need for indexing. The platform supports Log Analytics, application performance monitoring (APM), security information and event management (SIEM), real user monitoring (RUM), and infrastructure monitoring, offering complete visibility into AI performance, security, and governance in a single solution. Coralogix offers a simple pricing model based on data volume, along with world-class support that ensures rapid response times and swift resolutions. To learn more, visit www.coralogix.com.

    PR Contact
    Mark Prindle
    Fusion PR
    mark.prindle@fusionpr.com

    The MIL Network –

  • MIL-OSI: Tryg Analyst Day 2025

    Source: GlobeNewswire (MIL-OSI)

    Tryg is hosting its Analyst Day 2025 today at Tryg’s headquarters. The event is dedicated to the sell-side analysts that cover the share. No new financial or strategic targets will be revealed – presentations from different business units will be shown. The presentation can be found on Tryg.com or attached here.

    Attachment

    The MIL Network –

  • MIL-OSI: Tryg Analyst Day 2025

    Source: GlobeNewswire (MIL-OSI)

    Tryg is hosting its Analyst Day 2025 today at Tryg’s headquarters. The event is dedicated to the sell-side analysts that cover the share. No new financial or strategic targets will be revealed – presentations from different business units will be shown. The presentation can be found on Tryg.com or attached here.

    Attachment

    The MIL Network –

  • MIL-OSI: Tellus Power Globe Holding Limited, BinHendi Holding and Sing Family Enterprise Group Sign Joint Venture Agreement to Launch One of the First EV Charger Manufacturing Companies in Middle East with Support of UAE Ministry of Investment

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”), a global provider of electric vehicle (EV) charging solutions, today announced the official signing of a joint venture agreement with the renowned BinHendi Holding and SFE Group on May 30, 2025. This move responds to the surging growth of the electric vehicle (EV) market and the urgent need to accelerate e-mobility infrastructure development across the Middle East. This collaboration, supported by the UAE Ministry of Investment (the “Ministry of Investment”), marks the establishment of one of the first EV charging equipment manufacturing companies in the Middle East.

    The Ministry of Investment played a pivotal role in facilitating this greenfield investment, reiterating its commitment to attracting future-enabling investment into the UAE while also supporting and promoting the growth of family businesses in the UAE’s markets and strengthening the country’s position as a regional hub for advanced manufacturing and sustainable technologies – two priority sectors under the National Investment Strategy of UAE.

    The agreement was signed at the Ministry of Investment’s headquarters by Mike Calise, Chief Executive Officer of Tellus Power, and Marius Ciavola, Chief Executive officer of Sing Family Enterprise Middle East. The event was witnessed by Hessa Al Ghurair, Acting Assistant Undersecretary of the Ministry of Investment, Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, Yansong Li, Co-Founder of Tellus Power Group, and Mohammad BinHendi, Group CEO of BinHendi Holding.

    This collaboration aims to leverage Tellus Power’s global network in EV charging station technology and manufacturing, combined with the BinHendi Holding and SFE Group’s resources and conducive market conditions in the Middle East, to jointly develop future-oriented smart charging infrastructure and support the region’s sustainable energy transition.

    The joint venture is expected to invest in the construction of DC and AC charging equipment production lines, including high-power DC charging stations with V2G (vehicle-to-grid) functionality. The products are anticipated to not only serve the local market in UAE but also to expand to the entire Gulf Cooperation Council (“GCC”) countries and Middle East regions. As one of the first indigenous EV charging infrastructure manufacturers in the Middle East, the joint venture will be committed to providing local users with efficient, intelligent, reliable, and user-centric EV charging solutions.

    Mike Calise, Chief Executive Officer of Tellus Power, comments: “We’re truly honored to establish this strategic alliance. It’s a significant step that dramatically extends our global reach. Given the UAE’s impressive growth in clean tech and smart mobility, this joint venture, thanks to the vital support from all the incredible teams involved, ensures we are well positioned to meet the escalating demand across the GCC.”

    H.E. Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, said: “This agreement showcases the Ministry of Investment’s ongoing dedication to being a strategic partner for international investors, local investors, and family offices. It directly aligns with our mission to strengthen the UAE’s position in attracting future-focused investments that match our national priorities. By supporting partnerships like this, the Ministry of Investment continues to drive high-value investment into high-growth sectors, fostering innovation and sustainable economic prosperity.”

    Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, commented: “The Middle East is at a critical juncture in the green mobility transition. I believe this collaboration with MBH will enable Tellus Power Group to establish a stronger foothold in the Middle East and support the rapid growth of the EV ecosystem through technological innovation and localized operations. This marks a significant milestone in Tellus Power Group’s strategic expansion in the Middle East.”

    Mohammad BinHendi, Group CEO of BinHendi Holding, added: “For us, this is about building national capability – “Made in UAE” isn’t just a label, it’s a direction. We’re actively positioning the UAE as the regional manufacturing hub for next-generation EV infrastructure. Our vision extends beyond mobility, as we continue driving industrial manufacturing across multiple high-impact sectors. As a group committed to ‘Adding Value’, BinHendi Holding believes in adding value to everything we touch. How? We keep things consistent in what we do – and we keep it simple.”

    The joint venture plans to complete factory construction within the year and launch its first ‘Made in UAE’ products by the end of 2025.

    About Tellus Power

    Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”) is a global manufacturer of electric vehicle chargers. The Company delivers ROI-driven charging infrastructure designed for long-term profitability and operational efficiency. Leveraging global expertise, Tellus Power delivers advanced and dependable EV charging infrastructure to support the widespread adoption of electric vehicles.

    Find out more at https://telluspowernorthamerica.com.

    Company Contact
    Caitlin McCann
    cmccann@telluspowergroup.com

    Media Contact
    Jessica Starman, MBA
    hello@telluspowergroup.com

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7e12b3c9-5896-41cb-9839-80c0ad390709

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c0aff52-1111-4304-9744-6fb338a36571

    The MIL Network –

  • MIL-OSI: Tellus Power Globe Holding Limited, BinHendi Holding and Sing Family Enterprise Group Sign Joint Venture Agreement to Launch One of the First EV Charger Manufacturing Companies in Middle East with Support of UAE Ministry of Investment

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”), a global provider of electric vehicle (EV) charging solutions, today announced the official signing of a joint venture agreement with the renowned BinHendi Holding and SFE Group on May 30, 2025. This move responds to the surging growth of the electric vehicle (EV) market and the urgent need to accelerate e-mobility infrastructure development across the Middle East. This collaboration, supported by the UAE Ministry of Investment (the “Ministry of Investment”), marks the establishment of one of the first EV charging equipment manufacturing companies in the Middle East.

    The Ministry of Investment played a pivotal role in facilitating this greenfield investment, reiterating its commitment to attracting future-enabling investment into the UAE while also supporting and promoting the growth of family businesses in the UAE’s markets and strengthening the country’s position as a regional hub for advanced manufacturing and sustainable technologies – two priority sectors under the National Investment Strategy of UAE.

    The agreement was signed at the Ministry of Investment’s headquarters by Mike Calise, Chief Executive Officer of Tellus Power, and Marius Ciavola, Chief Executive officer of Sing Family Enterprise Middle East. The event was witnessed by Hessa Al Ghurair, Acting Assistant Undersecretary of the Ministry of Investment, Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, Yansong Li, Co-Founder of Tellus Power Group, and Mohammad BinHendi, Group CEO of BinHendi Holding.

    This collaboration aims to leverage Tellus Power’s global network in EV charging station technology and manufacturing, combined with the BinHendi Holding and SFE Group’s resources and conducive market conditions in the Middle East, to jointly develop future-oriented smart charging infrastructure and support the region’s sustainable energy transition.

    The joint venture is expected to invest in the construction of DC and AC charging equipment production lines, including high-power DC charging stations with V2G (vehicle-to-grid) functionality. The products are anticipated to not only serve the local market in UAE but also to expand to the entire Gulf Cooperation Council (“GCC”) countries and Middle East regions. As one of the first indigenous EV charging infrastructure manufacturers in the Middle East, the joint venture will be committed to providing local users with efficient, intelligent, reliable, and user-centric EV charging solutions.

    Mike Calise, Chief Executive Officer of Tellus Power, comments: “We’re truly honored to establish this strategic alliance. It’s a significant step that dramatically extends our global reach. Given the UAE’s impressive growth in clean tech and smart mobility, this joint venture, thanks to the vital support from all the incredible teams involved, ensures we are well positioned to meet the escalating demand across the GCC.”

    H.E. Mohammad Abdulrahman Alhawi, Undersecretary at the Ministry of Investment, said: “This agreement showcases the Ministry of Investment’s ongoing dedication to being a strategic partner for international investors, local investors, and family offices. It directly aligns with our mission to strengthen the UAE’s position in attracting future-focused investments that match our national priorities. By supporting partnerships like this, the Ministry of Investment continues to drive high-value investment into high-growth sectors, fostering innovation and sustainable economic prosperity.”

    Hamdan Zakaria Doleh, Chairman of China Innovation Centre in UAE, commented: “The Middle East is at a critical juncture in the green mobility transition. I believe this collaboration with MBH will enable Tellus Power Group to establish a stronger foothold in the Middle East and support the rapid growth of the EV ecosystem through technological innovation and localized operations. This marks a significant milestone in Tellus Power Group’s strategic expansion in the Middle East.”

    Mohammad BinHendi, Group CEO of BinHendi Holding, added: “For us, this is about building national capability – “Made in UAE” isn’t just a label, it’s a direction. We’re actively positioning the UAE as the regional manufacturing hub for next-generation EV infrastructure. Our vision extends beyond mobility, as we continue driving industrial manufacturing across multiple high-impact sectors. As a group committed to ‘Adding Value’, BinHendi Holding believes in adding value to everything we touch. How? We keep things consistent in what we do – and we keep it simple.”

    The joint venture plans to complete factory construction within the year and launch its first ‘Made in UAE’ products by the end of 2025.

    About Tellus Power

    Tellus Power Globe Holding Limited (“Tellus Power” or the “Company”) is a global manufacturer of electric vehicle chargers. The Company delivers ROI-driven charging infrastructure designed for long-term profitability and operational efficiency. Leveraging global expertise, Tellus Power delivers advanced and dependable EV charging infrastructure to support the widespread adoption of electric vehicles.

    Find out more at https://telluspowernorthamerica.com.

    Company Contact
    Caitlin McCann
    cmccann@telluspowergroup.com

    Media Contact
    Jessica Starman, MBA
    hello@telluspowergroup.com

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7e12b3c9-5896-41cb-9839-80c0ad390709

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c0aff52-1111-4304-9744-6fb338a36571

    The MIL Network –

  • MIL-Evening Report: The story of the journalist on the Rainbow Warrior’s last voyage, David Robie

    Report by Dr David Robie – Café Pacific. –

    In April 2025, several of the Greenpeace crew visited Matauri Bay, Northland, the final resting place of the original flagship, the Rainbow Warrior. This article was one of the reflections pieces written by an oceans communications crew member.

    COMMENTARY: By Emma Page

    I was on the track maintenance team, on the middle level. We were mostly cleaning up the waterways. I was with my son Wilbur who’s 11, and he was there with his friend Frankie, who’s 12, and they were also knee deep in digging out all of the weeds.

    It was my first time at Matauri Bay. One of the things it made me really think about, which is not only specific to the oceans campaign I work on, was really feeling for the first time what being part of Greenpeace as a community or a movement or family means and feels like.

    Other reflections:

    1. Juan: Diving the Rainbow Warrior
    2. Emma: The story of the journalist on the last voyage, David Robie
    3. Fleur: The incredible vision of sculptor Chris Booth
    4. Moira: Connecting with the people and the land
    David Robie’s tent talk about the Rainbow Warrior on the Rongelap voyage in May 1985 . . . the two men on the sheet screen are the late Senator Jetin Anjain (left) and Greenpeace campaigner Steve Sawyer who were key to the success of the relocation. Image: Greenpeace Aotearoa

    Looking back 40 years
    David Robie gave us a really great presentation of what it was like on board the Rainbow Warrior as a freelance journalist on that final voyage in 1985. David is a journalist and was actually one of my journalism lecturers when I went to journalism school at AUT, like 15 plus years ago!

    At that time on the Rainbow Warrior he was reporting on the journey to Rongelap and helping the people move from their island home.

    When you’re hearing people like David talking about being on that last voyage and sharing those memories — then thinking about how all of us here now are continuing the work — and that in the future, there will be people who join and keep campaigning for oceans and for all the other issues that we work on — I had this really tangible feeling of how it all fits together.

    The work goes behind us and before us – I think I described it in my reflection on the day, ‘looking back and moving forward’. And that it’s bigger than me right now or bigger than all of us right now. 

    Russel [Norman, executive director] said it in a way too, about feeling the challenge from the past when you’re looking at those photos of the people who were on that last voyage, and the really brave work that they did. You see them looking out at you and it does feel motivational, but also like a challenge to keep being courageous.


    Dr David Robie’s talk about the Rainbow Warrior and Rongelap. Video: Greenpeace

    We can get caught up in the everyday of trying to do something. And this was one of those moments where you get more of a bird’s eye view, and that felt significant.

    Connecting with the people in the photos
     I think one of the most moving things was hearing David talk about the people in the photographs, making them come alive with the stories of the people and what they were like, including when he talked about his favourite photo that he thought best represented Fernando sitting on a boat with his camera in mid-conversation.

    The photographer Fernando Pereira (right) and Rongelap Islander Bonemej Namwe ride ashore in the ‘bum bum’. Born on Kwajalein, Namwe, 62, had lived most of her life on Rongelap. The Rainbow Warrior I was in Rongelap to assist in the evacuation of islanders to Mejatto. © David Robie / Eyes of Fire / Greenpeace

    David has written in his book about being on the Rainbow Warrior (Eyes of Fire), putting it in the political context of the time.

    He  talked to us about the difficulties and all the challenges back 40 years ago, getting content to the media from a boat, and sending radio reports — how important it was to get the story out there.

    The Greenpeace photographer — that was Fernando — would have to develop the photos himself on board, then transmit them to media outlets. He was one of the people who was key in getting the story of that final voyage to the media and to the wider public.

    I found it interesting also talking with David about the different struggles for journalism training these days — there’s less outlets now to train as a journalist in New Zealand.

    That’s because there’s less jobs and there’s so much pressure on the media at the moment. Lots of outlets closing down, people losing their jobs and then the impact of that in terms of being able to get stories out.

    Emma Page is oceans communications lead for Greenpeace Aotearoa. Republished with permission.

    This article was first published on Café Pacific.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: The story of the journalist on the Rainbow Warrior’s last voyage, David Robie

    Report by Dr David Robie – Café Pacific. –

    In April 2025, several of the Greenpeace crew visited Matauri Bay, Northland, the final resting place of the original flagship, the Rainbow Warrior. This article was one of the reflections pieces written by an oceans communications crew member.

    COMMENTARY: By Emma Page

    I was on the track maintenance team, on the middle level. We were mostly cleaning up the waterways. I was with my son Wilbur who’s 11, and he was there with his friend Frankie, who’s 12, and they were also knee deep in digging out all of the weeds.

    It was my first time at Matauri Bay. One of the things it made me really think about, which is not only specific to the oceans campaign I work on, was really feeling for the first time what being part of Greenpeace as a community or a movement or family means and feels like.

    Other reflections:

    1. Juan: Diving the Rainbow Warrior
    2. Emma: The story of the journalist on the last voyage, David Robie
    3. Fleur: The incredible vision of sculptor Chris Booth
    4. Moira: Connecting with the people and the land
    David Robie’s tent talk about the Rainbow Warrior on the Rongelap voyage in May 1985 . . . the two men on the sheet screen are the late Senator Jetin Anjain (left) and Greenpeace campaigner Steve Sawyer who were key to the success of the relocation. Image: Greenpeace Aotearoa

    Looking back 40 years
    David Robie gave us a really great presentation of what it was like on board the Rainbow Warrior as a freelance journalist on that final voyage in 1985. David is a journalist and was actually one of my journalism lecturers when I went to journalism school at AUT, like 15 plus years ago!

    At that time on the Rainbow Warrior he was reporting on the journey to Rongelap and helping the people move from their island home.

    When you’re hearing people like David talking about being on that last voyage and sharing those memories — then thinking about how all of us here now are continuing the work — and that in the future, there will be people who join and keep campaigning for oceans and for all the other issues that we work on — I had this really tangible feeling of how it all fits together.

    The work goes behind us and before us – I think I described it in my reflection on the day, ‘looking back and moving forward’. And that it’s bigger than me right now or bigger than all of us right now. 

    Russel [Norman, executive director] said it in a way too, about feeling the challenge from the past when you’re looking at those photos of the people who were on that last voyage, and the really brave work that they did. You see them looking out at you and it does feel motivational, but also like a challenge to keep being courageous.


    Dr David Robie’s talk about the Rainbow Warrior and Rongelap. Video: Greenpeace

    We can get caught up in the everyday of trying to do something. And this was one of those moments where you get more of a bird’s eye view, and that felt significant.

    Connecting with the people in the photos
     I think one of the most moving things was hearing David talk about the people in the photographs, making them come alive with the stories of the people and what they were like, including when he talked about his favourite photo that he thought best represented Fernando sitting on a boat with his camera in mid-conversation.

    The photographer Fernando Pereira (right) and Rongelap Islander Bonemej Namwe ride ashore in the ‘bum bum’. Born on Kwajalein, Namwe, 62, had lived most of her life on Rongelap. The Rainbow Warrior I was in Rongelap to assist in the evacuation of islanders to Mejatto. © David Robie / Eyes of Fire / Greenpeace

    David has written in his book about being on the Rainbow Warrior (Eyes of Fire), putting it in the political context of the time.

    He  talked to us about the difficulties and all the challenges back 40 years ago, getting content to the media from a boat, and sending radio reports — how important it was to get the story out there.

    The Greenpeace photographer — that was Fernando — would have to develop the photos himself on board, then transmit them to media outlets. He was one of the people who was key in getting the story of that final voyage to the media and to the wider public.

    I found it interesting also talking with David about the different struggles for journalism training these days — there’s less outlets now to train as a journalist in New Zealand.

    That’s because there’s less jobs and there’s so much pressure on the media at the moment. Lots of outlets closing down, people losing their jobs and then the impact of that in terms of being able to get stories out.

    Emma Page is oceans communications lead for Greenpeace Aotearoa. Republished with permission.

    This article was first published on Café Pacific.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: UConn to Host 57th North American Power Symposium (NAPS)

    Source: US State of Connecticut

    The University of Connecticut has been selected to host the 57th North American Power Symposium (NAPS), an annual conference mainly sponsored by the Institute of Electrical and Electronics Engineers (IEEE) and the National Science Foundation (NSF). The event will be held in October 2025 at Hartford Marriott Downtown, and for the first time will be co-organized with the Clean Energy Summit, an annual gathering organized by UConn’s Eversource Energy Center in partnership with Eversource Energy.

    The selection of UConn as the host institution was the result of a competitive proposal process in 2022, completed by Professor Zongjie Wang, associate director from the Eversource Energy Center, who will serve as the general chair for NAPS 2025. She will be joined by Professor Diego Cerrai, the interim director of the Eversource Energy Center, who will serve as co-chair.

    Zongjie Wang, associate director, Eversource Energy Center, will serve as the general chair for NAPS 2025 (UConn Photo)

    “NAPS has always been a student-centered conference, and for 2025 we are expanding that mission with new undergraduate-focused awards and international student engagement,” says Wang. “In past years, we have successfully supported many UConn undergraduate students to attend NAPS, where some have won Best Paper and Best Presentation awards.”

    Wang says she has seen, firsthand, how influential and valuable this platform is in shaping student careers.

    “Whether by building confidence, showcasing their research, or opening doors to internships and job offers in the energy sector, this conference provides great value for UConn and our students,” Wang adds. “As the general chair of NAPS 2025, I am committed to further expanding these opportunities by introducing additional undergraduate awards and building stronger academic/industry connections to attract a broader and more diverse pool of future power engineers.”

    Founded in 1969, NAPS is one of the longest-running power engineering conferences in North America, drawing students, faculty, and professionals from across the United States, Canada, and abroad. It serves as a launchpad for emerging scholars and a convening ground for frontier research in power systems, electric grid operations, renewable energy integration, and distribution-transmission coordination. The 2025 NAPS in Hartford will feature paper presentations, poster sessions, panel discussions, technical tutorials, and industry networking opportunities.

    NAPS 2025 will maintain its core academic focus on power systems research while creating stronger bridges to industry. UConn’s College of Engineering (CoE) enhances student experiences through new networking opportunities, career panels, and mentorship sessions involving local, regional, and national partners. The Clean Energy Summit component will showcase innovations in grid modernization, grid resilience, and workforce development, highlighting Connecticut’s leadership in energy policy and utility engagement.

    According to Emmanouil Anagnostou, executive director of UConn Tech Park, integrating the Clean Energy Summit with NAPs further establishes UConn’s key role as a leader in promoting energy conservation, utilization and research.

    “This combined event reflects UConn’s growing role as a regional hub for clean-energy research and workforce development through the Eversource Energy Center, which serves as a bridge between academic research and practical deployment across New England’s energy infrastructure,” Anagnostou says. “The summit will feature the third cohort of students participating in the Eversource-sponsored Clean Energy and Sustainability Innovation Program (CESIP). As part of this program, students research and design solutions centered around a UConn campus-focused initiative or to assist a Connecticut municipality reach their sustainable energy goals.”

    Further details—including speaker announcements, program schedule, and registration—will be posted at the official NAPS 2025 website: Summary – 57th North American Power Symposium 2025. Registration is now open.

    MIL OSI USA News –

  • MIL-OSI USA: Cuts to School Lunch and Food Bank Funding Mean Less Fresh Produce for Children and Families

    Source: US State of Connecticut

    The U.S. government recently cut more than $1 billion in funding to two long-running programs that helped schools and food banks feed children and families in need. The U.S. Department of Agriculture says the reductions are a “return to long-term, fiscally responsible initiatives.” But advocacy groups say the cuts will hurt millions of Americans.

    The reductions came just days before the release of the Trump administration’s Make America Healthy Again report, an analysis of the factors causing chronic disease in children. One of those factors, the report says, is poor diet.

    Marlene Schwartz, a professor of human development and family sciences and director of the Rudd Center for Food Policy & Health at UConn, discusses why cutting the Local Food for Schools and the Local Food Purchase Assistance programs means less fresh food will be available to children and families – and could hurt local farmers and ranchers too.

    The Conversation has collaborated with SciLine to bring you highlights from the discussion, edited here for brevity and clarity.

    Could you explain the two programs that were cut?

    Marlene Schwartz: Most schools were eligible for Local Food for Schools, a $660 million program, which has now been cut. The funds for Local Food for Schools were on top of the reimbursement that schools get for meals and would have allowed them to buy more local, fresh food.

    The Local Food Purchase Assistance program was designed primarily for food banks. Again, the idea was to provide federal money, about $500 million, so food banks could buy from local farmers and support local agriculture. But that too was cut.

    How will these cuts affect families and schoolchildren?

    Schwartz: Many children eat two of their meals, five days a week, at school. During the 2022-2023 school year, about 28 million kids ate lunch at school. More than 14 million had breakfast there.

    Having fresh, local produce in the school cafeteria provides the opportunity to introduce children to more fruits and vegetables and teach them about the food grown in their own communities. Think about how powerful a lesson about nutrition and local agriculture can be when you not only hear and read about it but can taste it too.

    How will these cuts affect farmers and ranchers?

    Schwartz: When the funding was there, the farmers and ranchers knew they had guaranteed buyers for their products. So the loss of these funds, especially so quickly, will have a very negative effect on them. Suddenly, the buyers they counted on don’t have the money to buy from them.

    How does nutritious food in schools impact kids?

    Schwartz: Both the National School Lunch Program and the School Breakfast Program are required to comply with the dietary guidelines for Americans, so they’ve always had nutrition standards. These guidelines are updated every five years to reflect the most recent science and public health needs.

    The regulations on school meal nutrition were strengthened significantly with the 2010 Healthy, Hunger-Free Kids Act. We’ve done a number of studies showing that because of these changes, healthier meals are available at schools, and children eat better. The U.S. Department of Agriculture also did a large national study that reported much the same.

    Another study looked at the nutritional quality of the food at school, from home and at restaurants. It found that school food was the healthiest of all. Many people were surprised by this, but when you think about it, schools are the only setting required to follow federal and state nutrition regulations – restaurants and grocery stores don’t have to do that.

    But getting kids to eat nutritious food can be a challenge.

    Schwartz: We’ve known for decades that American children are not eating enough fruits and vegetables. We know they’re eating too much added sugar, saturated fat and sodium.

    This is due in part to the millions of dollars food companies spend to entice children to eat more sugary cereals, sweetened beverages and fast food.

    I think the best nutrition education happens on your plate. By maximizing the quality of food served in schools, policymakers can influence the diets of millions of children every single day.

    How nutritious are the foods at food banks?

    Schwartz: Food banks often measure their success in terms of the pounds of food they distribute into a community. But families relying on the charitable food system often have a higher risk of diet-related illness – like high blood pressure or Type 2 diabetes – and many want healthier foods.

    In response, food banks, which nationwide serve about 50 million Americans, have made a concerted effort to improve the nutritional quality of their food. There’s now a system to help food banks consistently track the nutritional quality of what they provide.

    Watch the full interview to hear more.

    Originally published in The Conversation.

    MIL OSI USA News –

  • MIL-OSI USA: Neag School Graduate Students Publish Third Issue of Education Research Journal

    Source: US State of Connecticut

    The UConn Neag School of Education’s academic journal has published its third issue, thanks to the hard work and dedication of a group of graduate students.

    “We are pleased to share the third issue of the Neag School of Education Journal,” reads a letter from the journal’s board members in the Spring 2025 issue. “We take pride in providing a supportive “testing ground” for graduate authors to refine their original work in collaboration with our graduate-led editorial board. Fundamentally, the Neag School of Education Journal is committed to the growth and development of emergent educational researchers across fields. After much hard work and dedication from our authors and editorial board, we are thrilled to unveil the culmination of their efforts – three pieces that showcase the excellence of our 2025 edition.”

    The Neag School of Education Journal is an editor-reviewed, open-access, annual journal. Founded and run by graduate students and published online through the Neag School, its primary purpose is to offer a platform for graduate students to share their research and knowledge with academic communities. It also hopes to broaden and deepen the literature of education as written and experienced by graduate students and early-career scholars. Ten graduate students from the Neag School make up the journal’s current board.

    The journal prizes pieces that seek to “improve education and social systems in order to facilitate increasingly effective, equitable, and socially just practices for educators and practitioners from a variety of fields, perspectives, and theoretical lenses as they serve their local communities.”

    The three articles accepted and published in the Spring 2025 issue are:

    In addition to providing graduate students and early-career scholars an opportunity to share their work more widely, the editors say the journal fosters collaboration among students and their colleagues. It also helps to demystify the publishing process and supports editors as they move toward publishing their own work in the field. Making the journal open access was also important, ensuring that its content could serve as an available source of information for current and future practitioners. Importantly, authors maintain their copyright and thus can work on their pieces after publication for future submission elsewhere – a feature aligned with the journal’s orientation toward building authors’ capacity and opportunities.

    The journal is accepting manuscripts for its fourth issue until June 30. Manuscripts must be one of the following four types: research articles, essays, literature reviews, or personal reflections. Of course, the manuscript must deal with a topic of interest to those in the field of education.

    “We have many fantastic and dedicated people to thank for the realization of our third issue,” the letter from the board says. “To Dr. Jennie Weiner, our advisor, thank you for your tireless dedication to this journal and to students. You model to us what a human-centered and compassionate review process can be and have taught us enduring lessons as reviewers and researchers. Another thank you to Dr. Jason Irizarry, our dean, who has enthusiastically supported the journal from its inception and made it clear that our work and voices matter. … Finally, thank you to the authors of the pieces featured in this issue and all who submitted work. It goes without saying that this would be impossible without your contributions. We are immensely proud to feature your work in this issue.”

    To learn more about the Neag School of Education Journal, visit education.uconn.edu/neag-journal.

    MIL OSI USA News –

  • MIL-OSI Security: Man arrested in connection to attempted rape

    Source: United Kingdom London Metropolitan Police

    A 67-year-old man has been arrested on suspicion of attempted rape after members of public came forward following a media appeal.

    The man is accused of an alleged attempted rape at a cinema in Finchley Road, NW3 on Wednesday, 11 June.

    He was arrested in Primrose Hill at around 17:30hrs on Monday, 16 June and remains in police custody.

    The victim-survivor continues to be supported by specialist officers.

    Detective Chief Inspector Paul Ridley, leading the Met’s investigation, said: “Our thanks go to the public who worked quickly to share the appeal, leading to the arrest.

    “I know this incident will have caused concern for the local community, so I’d like to reassure Londoners that this investigation is progressing at pace.

    “Our commitment remains that women and girls in London should feel safe going about their daily lives. Local neighbourhood officers continue to patrol in the surrounding area, so if anyone has any concerns, please do talk to them as they are here to help.”

    MIL Security OSI –

  • MIL-OSI Security: Eastern Passage — RCMP warning of cryptocurrency investment scam

    Source: Royal Canadian Mounted Police

    RCMP Halifax Regional Detachment is warning the public about a cryptocurrency investment scam reported in Eastern Passage.

    On June 13, RCMP officers responded to a report of fraud. Investigators learned that a man was contacted through email and then via a social media app to invest in cryptocurrency. The victim was defrauded more than $150,000.

    Cryptocurrency scams are becoming more common and often appear to be legitimate investment platforms. RCMP officers stress the importance of due diligence when considering investment opportunities.

    Avoid becoming a victim:

    • Be cautious: Be wary of anyone offering high-reward, low-risk investment opportunities. If it sounds too good to be true, it’s probably a scam.
    • Do your research: Take the time to investigate an investment opportunity. Anyone who trades or advises on securities in Nova Scotia must be registered with the Nova Scotia Securities Commission (NSSC). If someone isn’t registered with the NSSC or another Canadian securities regulator, it’s likely they’re a scammer.
    • Get advice: Remember that in Canada, cryptocurrencies are currently unregulated and aren’t covered by the Canada Deposit Insurance Corp. When in doubt, seek advice from a reputable financial institution.

    If you or someone you know is a victim of investment fraud, report it to your local police and the Canadian Anti-Fraud Centre.

    File #: 25-83549

    MIL Security OSI –