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  • MIL-OSI United Kingdom: Vacancy for IT Manager at MAIB, Southampton

    Source: United Kingdom – Executive Government & Departments

    We have an exciting opportunity to join the technical department at MAIB.

    Your responsibilities will include but not be limited to:

    • Service owner and system administrator of the branch’s local network, MADNet and its associated peripherals:

      • Network administrator
      • Network architect
      • Cybersecurity lead
      • First-line IT support
      • System administrator for Microsoft applications and licensing
      • Branch case management system
      • Building and issuing of staff laptops using Microsoft Intune
      • Set-up and problem-solving
      • Managing IT contractors
    • IT procurement lead
    • DfT IT Focal Point

    Applicants will have a robust technical background and strong leadership abilities, along with a deep understanding of network architecture and cybersecurity. Proven experience in managing and optimizing a range of IT systems and infrastructure is also desirable.

    This critical role requires candidates with a proven relevant technical background, combined with excellent communication, leadership, and people skills. You will have extensive experience of:

    • Windows-based PCs and server operating systems
    • Group Policy, Active Directory
    • Antivirus configuration and management
    • Firewall configuration and management
    • Managing network infrastructure, including UPS, switches and router configuration
    • VPN configuration and management
    • Cyber Security
    • Microsoft applications including Intune, O365 including Admin Centre, Teams, SharePoint, Power BI, Dynamics and Azure

    Applicants must have A level/BTEC National Level 3 equivalent or higher qualification, in an information technology subject, or certification from reputable IT companies such as Microsoft, Cisco, Dell, HP, Juniper, etc.

    For further information about the post and how to apply, go to Civil Service Jobs: IT Manager, Ref: 389736

    Closing date: Thursday 27th February 2025.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: Joint OECD-UNECE Seminar on SEEA Implementation

    Source: United Nations Economic Commission for Europe

    18-20 March 2025

    18 March (9:30) – 20 March (17:30) 2025

    Geneva Switzerland

    Concept Note

    pdf

    Provisional programme

    pdf

    WORLD CAFÉ: COMMUNICATION STRATEGIES, ADVANCED TECHNIQUES FOR SEEA AND NETWORKING WITH OTHER EXPERT COMMUNITIES

    SESSION 1: OPENING AND SETTING THE SCENE

    SESSION 2: THE SNA UPDATE AND THE SEEA CENTRAL FRAMEWORK UPDATE

    2a THE SNA UPDATE

    2b THE SEEA-CF UPDATE

    SESSION 3: BUILDING ROBUST SEEA ACCOUNTS FOR INFORMING CLIMATE CHANGE POLICIES AND DISASTER-RISK REDUCTION

    3a INTRODUCTION, INFORMATION NEEDS, EXISTING MEASUREMENT FRAMEWORKS AND THEIR LINKS WITH SEEA

    3b CHALLENGES IN IMPLEMENTING RELEVANT SEEA ACCOUNTS AND EXAMPLES OF USE

    3c EXPLORING THE POTENTIAL AND PRACTICALITIES OF INTEGRATING SEEA INTO THE GLOBAL DISASTER-RELATED STATISTICS FRAMEWORK

    SESSION 4: BUILDING ROBUST SEEA ACCOUNTS FOR INFORMING BIODIVERSITY POLICY

    4a INTRODUCTION AND POLICY CONTEXT

    4b PRACTICAL EXAMPLES OF PRODUCTION AND USE OF SEEA FOR INFORMING BIODIVERSITY POLICY

    4c PANEL DISCUSSION AND WRAP-UP

    SESSION 5: MAIN CONCLUSIONS AND RECOMMENDATIONS

    MIL OSI United Nations News –

  • MIL-OSI: With No Competing Offers, Beacon Roofing’s Board Stalls and Misleads

    Source: GlobeNewswire (MIL-OSI)

    Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon’s Case Against QXO
    QXO Calls on Beacon Roofing to Let Shareholders Decide on QXO’s $124.25 All-Cash Offer

    GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) —  QXO, Inc. (NYSE: QXO) today released a letter to Beacon Roofing Supply, Inc. shareholders regarding its $124.25 per share all-cash offer, addressing misrepresentations in Beacon’s recent 14D-9 filing.

    Dear Beacon Shareholders,

    We seek to set the record straight on some of the numerous misleading statements in Beacon’s recent communications.

    1.   QXO’s Offer to Acquire Beacon Roofing Supply is Highly Compelling and at a Significant Premium to Beacon’s Unaffected Share Price

    In evaluating QXO’s offer, Beacon conveniently ignores that its share price reflects our acquisition interest following the Wall Street Journal’s November 18, 2024 report. That day, Beacon’s stock rose 9.9%, compared to a 0.4% increase in the S&P 500. Yet, Beacon compares QXO’s offer to share price metrics as of January 14, 2025—a misleading approach that distorts expectations of Beacon’s standalone value.

    A more appropriate analysis shows that QXO’s offer represents:

    • A 37% premium to Beacon’s 90-day unaffected VWAP of $91.02 per share as of November 15, 2024;
    • A 26% premium to Beacon’s unaffected spot price of $98.75 per share as of November 15, 2024; and
    • A higher price than Beacon’s stock has ever traded.

    Indeed, Beacon acknowledges that November 15, 2024 is a significant date, referencing stock performance “from January 2, 2020 to November 15, 2024 (the last trading day before rumors surfaced).”

    Moreover, since November 15, 2024, Beacon’s Building Products Proxy Peers have lost 10.5% in value1, making QXO’s offer even more compelling:

    • A 41% premium to an implied spot share price of $88.42; and
    • A 52% premium to the peer-adjusted 90-day VWAP of $81.502.    

    2.   Data Indicates that Beacon Will Miss its Margin Targets. The Board’s Claim of Strong Performance is Flawed

    Beacon’s Board touts cherry-picked historical performance, painting a misleading picture of its track record. Consensus analysts’ estimates indicate that Beacon will miss all margin targets under its “Ambition 2025” plan. Further, Beacon’s revenue growth largely stems from extraordinary inflation and inorganic growth between 2022 and 2024. From 2019 through LTM September 2024, Beacon’s 7.7% revenue CAGR is the lowest of its peer group and well below the peer median of 12.1%3.

    Despite setting unambitious “Ambition 2025” targets, consensus analysts’ estimates indicate that Beacon will:

    • Miss its 2025 Gross Margin target by 130 basis points;
    • Miss its 2025 EBITDA Margin target by 114 basis points; and
    • Deliver EBITDA margins 20bps lower in 2025 than when the “Ambition 2025” plan was introduced4.

    Furthermore, Beacon’s claims of superior stock performance are easily debunked. Over the past five years, Beacon’s total shareholder return has trailed its Building Products Proxy Peers by 86% and trailed those peers by 140% since CEO Julian Francis took over as CEO in August 20195.

    3.   QXO’s Offer Represents a 3.0x Premium to Beacon’s Historical Multiple

    Beacon’s lackluster operational performance and relative share price underperformance are reflected in its enterprise value to next-twelve-months EBITDA multiple, which has remained rangebound at an average of 8.1x over the past three years. Meanwhile, its valuation gap relative to its Building Products Proxy Peers widened by 1.3x6 over the same period.

    Since Beacon has not closed the valuation multiple gap despite implementing “Ambition 2025,” reporting supposedly strong results and stock markets nearing all-time highs, we urge shareholders to decide if the current management and Board are the right team to create value for shareholders. QXO’s proposal provides a 3.0x premium to Beacon’s average historical next-twelve-months EBITDA multiple7, providing substantial immediate cash-certain value to shareholders.

    4.   If Beacon is Truly Confident in its Future, it Should Release its Projections Today

    Beacon’s upcoming financial projections for its March Investor Day warrant skepticism. Management itself acknowledged in its filings that its upcoming 2028 targets are “ambitious,” implying they may not be realistic. Beacon has already fallen short of some “Ambition 2025” goals. Adding to the skepticism, its decision to announce the Investor Day came only days after QXO disclosed its plan to go directly to shareholders.

    Further, these newly constructed projections will not be revealed for another month—more than three months after Beacon’s Board first rejected QXO‘s offer. Why the delay? What is Beacon formulating in the interim? If the company had strong, credible projections, there would be no reason for such a drawn-out disclosure process.

    5.   Actions Speak Louder than Words: Beacon Insiders Recently Sold Shares at Prices Far Below QXO’s Offer

    Since early 2024, Beacon’s Chairman and CEO have sold a significant percentage of their shares at prices well below QXO’s $124.25 per share offer:

    • Chairman Stuart Randle sold 20.9% of his shares at $94.808;
    • CEO Julian Francis sold 9.8% of his shares at $97.919;
    • CD&R, arguably the most sophisticated financial sponsor in the distribution space, exited its position in Beacon at $83.16 per share.

    If Beacon’s future is so bright under current management, why are insiders selling shares sharply below QXO’s offer price?

    Additionally, Beacon’s Board and management collectively own only 1.3% of outstanding10 shares, signaling a lack of alignment with shareholder interests and demonstrating their lack of confidence in Beacon’s standalone prospects.

    6.   Beacon’s Own Filings Suggest that No Actionable Competing Offer Exists

    Beacon’s recent filings indicate no viable third-party alternative to QXO’s premium offer. Beacon’s 14D-9 filing has not disclosed any competing offers, or even a single NDA being signed.

    Interestingly, on December 2, 2024, representatives of J.P. Morgan explicitly informed representatives of Morgan Stanley that they had been authorized to approach other potential suitors for Beacon. QXO’s letter to Beacon sent on the following day stated this clearly, yet Beacon made no effort to dispute this until two months later, on February 6, 2025.

    QXO’s offer is clear, compelling and in shareholders’ best interest. It is time for Beacon’s Board to stop obstructing shareholders and let them decide their own financial future.

    QXO’s tender offer for all of Beacon’s outstanding common stock will be effective until 12:00 midnight (New York City time) at the end of February 24, 2025, and QXO is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer. The transaction is not subject to any financing conditions or due diligence conditions, and QXO expects that the waiting periods under the Hart-Scott-Rodino Act and the Canadian Competition Act will have expired or been waived by the time the tender offer expires.

    Advisors

    Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.

    About QXO

    QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

    Forward-Looking Statements

    This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Such factors include but are not limited to: the ultimate outcome of any possible transaction between QXO, Inc. (“QXO”) and Beacon Roofing Supply, Inc. (“Beacon”), including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of any definitive agreement will be materially different from those proposed; uncertainties as to whether Beacon will cooperate with QXO regarding the proposed transaction; the ultimate result should QXO commence a proxy contest for election of directors to Beacon’s board of directors; QXO’s ability to consummate the proposed transaction with Beacon; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; QXO’s ability to finance the proposed transaction; the substantial indebtedness QXO expects to incur in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; QXO’s ability to retain certain key employees; and general economic conditions that are less favorable than expected. QXO cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not assume any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

    Important Additional Information and Where to Find It

    This communication is for informational purposes only and does not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell Beacon securities. QXO and Queen MergerCo, Inc. (the “Purchaser”) filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the “SEC”) on January 27, 2025, and Beacon filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer with the SEC on February 6, 2025. Investors and security holders are urged to carefully read the Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as each may be amended or supplemented from time to time) and the Solicitation/Recommendation Statement, as these materials contain important information that investors and security holders should consider before making any decision regarding tendering their common stock, including the terms and conditions of the tender offer. The Tender Offer Statement, Offer to Purchase, Solicitation/Recommendation Statement and related materials are filed with the SEC, and investors and security holders may obtain a free copy of these materials and other documents filed by QXO and Beacon with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Tender Offer Statement and other documents that QXO and the Purchaser file with the SEC will be made available to all investors and security holders of Beacon free of charge from the information agent for the tender offer: Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022, toll-free telephone: +1 (888) 750-5834.

    QXO and the other participants intend to file a preliminary proxy statement and accompanying WHITE universal proxy card with the SEC to be used to solicit proxies for, among other matters, the election of its slate of director nominees at the 2025 annual meeting of stockholders of Beacon. QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC as they become available because they will contain important information. Such proxy materials will be available at no charge on the SEC’s website at www.sec.gov and at QXO’s website at investors.qxo.com. In addition, the participants in this proxy solicitation will provide copies of the proxy statement, and other relevant documents, without charge, when available, upon request. Requests for copies should be directed to the participants’ proxy solicitor.

    Certain Information Concerning the Participants

    The participants in the proxy solicitation are anticipated to be QXO, Brad Jacobs, Ihsan Essaid, Matt Fassler, Mark Manduca and the individuals nominated by QXO (the “QXO Nominees”). QXO expects to determine and announce the QXO Nominees prior to the nomination deadline for the 2025 annual meeting of stockholders of Beacon. As of the date of this communication, other than 100 shares of common stock of Beacon beneficially owned by QXO, none of the participants who have been identified has any direct or indirect interest, by security holdings or otherwise, in Beacon.

    Media Contacts
    Joe Checkler
    joe.checkler@qxo.com
    203-609-9650

    Steve Lipin / Lauren Odell
    Gladstone Place Partners
    212-230-5930

    Investor Contacts
    Mark Manduca
    mark.manduca@qxo.com
    203-321-3889

    Scott Winter / Jonathan Salzberger
    Innisfree M&A Incorporated
    212-750-5833

    1 Market data as of February 7, 2025. Average of building products subset of the peer list presented in Beacon’s April 2024 Proxy Statement; includes: Builders FirstSource, Boise Cascade, GMS, Pool Corp, SiteOne, WATSCO, Wesco (“Building Products Proxy Peers”)
    2 Based on Beacon’s unaffected share price as of November 15, 2024 and the average share price performance since November 15, 2024 for the Building Products Proxy Peers
    3 Reported revenues for Beacon and Building Products Proxy Peers
    4 Based on median 2025E Wall Street research estimates, sourced from Capital IQ as of February 7, 2025
    5 Market data as of November 15, 2024. Total shareholder return reflects stock price performance adjusted for cash dividends paid, stock splits, rights offerings and spin-offs during the period
    6 As per Capital IQ as of November 15, 2024
    7 As of November 15, 2024; next-twelve-months EBITDA calculated using calendarized annual broker EBITDA estimates for Beacon
    8 As per Mr. Randle’s Form 4 filed with the SEC on May 28, 2024. According to Mr. Randle’s Form 4, this sale was not made pursuant to a Rule 10b5-1 plan or to pay any exercise price or tax liability incident to the receipt, exercise or vesting of equity awards.
    9 As per Mr. Francis’s Form 4 filed with the SEC on May 22, 2024. According to Mr. Francis’s Form 4, this sale was not made pursuant to a Rule 10b5-1 plan or to pay any exercise price or tax liability incident to the receipt, exercise or vesting of equity awards.
    10 As per Schedule 14D-9 filed with the SEC on February 6, 2025

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5854092c-16b2-41c5-918c-3c0e68bd5705

    The MIL Network –

  • MIL-OSI: Up to 70% Time Savings Achieved with Fully Integrated Advanced Referral Module of CareCloud’s AI-Enabled EHR

    Source: GlobeNewswire (MIL-OSI)

    Streamlining the Referral Process to Enhance Efficiency and Patient Experience

    SOMERSET, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology and AI-driven solutions, is proud to announce the launch of its new advanced referral module. This innovative solution is designed to simplify the referral process for medical providers and enhance the patient experience through advanced automation and location-based guidance. By optimizing referrals to specialists, the module reduces administrative time and effort, enabling a more streamlined, patient-focused approach. With its automated workflow, healthcare providers can save up to 70% of the time typically spent on generating and managing referrals, allowing them to prioritize patient care.

    92% of surveyed users rated the CareCloud’s advanced referral module as “exceptional”, praising its ease of use, efficiency, and ability to enhance patient satisfaction with one user explaining, “CareCloud’s advanced referral module has transformed how we handle patient referrals in our practice.” Asad Ullah of Mir Neurology & Spine Center continued, “Completing the referral process in real-time during patient visits ensures a seamless experience and faster access to specialty care. With the intuitive interface and location-based specialist recommendations, I can provide personalized options for my patients instantly. What’s even more valuable is that patients no longer have to call back or visit our office to complete or collect their referral forms. This not only improves efficiency but also enhances patient satisfaction by making the referral process more convenient and hassle-free.”

    The key features of CareCloud’s advanced referral module:

    1. Real-Time Referral Completion
      • Medical providers can complete referral forms while the patient is still in the office, ensuring accuracy and efficiency during the visit.
    2. Specialist Recommendations with Location Guidance
      • Integrated maps and location-based tools help doctors recommend specialists near the patient’s home or workplace, ensuring convenience and accessibility.
    3. Secure Patient Notifications
      • Patients receive text messages with a curated list of specialists, including secure links to detailed information such as the specialist’s name, contact details, and more.
    4. Seamless Appointment Booking
      • Patients can contact their chosen specialist and book appointments directly through secure links. Once confirmed, the system automatically forwards the referral form to the specialist.
    5. Patient Access to Referral Documentation
      • Patients can securely download, print, or access their referral forms through their Personal Health Record (PHR), ensuring ease of use and transparency.

    “With 92% of surveyed users rating it as exceptional and the ability to save up to 70% of referral processing time, the Advanced Referral Module is transforming care coordination,” said Hadi Chaudhry, Co-CEO of CareCloud. “By automating workflows and providing real-time specialist recommendations, it enhances efficiency for providers and accessibility for patients, improving the overall healthcare experience. This launch reinforces CareCloud’s commitment to reducing administrative burdens and driving innovation in healthcare technology.”

    About CareCloud

    CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at www.carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could,” “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “forecasts,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE CareCloud

    Company Contact:

    Norman Roth
    Interim Chief Financial Officer and Corporate Controller
    CareCloud, Inc.
    nroth@carecloud.com

    Investor Contact:

    Stephen Snyder
    Co-Chief Executive Officer
    CareCloud, Inc.
    ir@carecloud.com 

    The MIL Network –

  • MIL-OSI: Beamr CEO will Present a Keynote Speech at the ACM Mile-High-Video 2025

    Source: GlobeNewswire (MIL-OSI)

    The Keynote Titled ״Is the future of video processing destined for GPU?״ Describes First Hand The Evolution of Video Encoding in the Past Decades

    Herzliya Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced that Beamr CEO, Sharon Carmel, will present a keynote speech titled ״Is the future of video processing destined for GPU?״ at the ACM Mile-High-Video 2025 conference, being held in Denver, Colorado from February 18-20, 2025. The keynote speech will be held on February 18, 2025 at 11:15 AM MST (1:15 PM EST).

    To meet with the Beamr video experts team at the ACM Mile-High-Video 2025 conference, please use this link.

    “Video compression processes have evolved in the last decades, to meet the growing demands for higher image quality, increased resolutions, and diverse viewing devices – from 8K screens to smartphones, while overcoming networking challenges”, said Carmel. He added: “Today, GPU-accelerated solutions, like those delivered by Beamr, emerge as the leading approach, enabling fast, highly efficient video processing, while enhancing the video with AI capabilities during the same workflow”.

    Carmel has 30 years of experience in the video and media industry, starting as the co-founder of Emblaze, which developed the first video chips for Samsung Mobile. The company went public in 1996 on the London Stock Exchange, and in 2000 reached a peak market cap of ~$7B. In 2002, Carmel founded his second start-up, BeInSync, which developed P2P synchronization and online backup technologies, and was acquired in 2008 by Phoenix Technologies.

    The ACM Mile-High-Video conference is a flagship video formats and streaming event that is geared towards practicing engineers in areas related to media compression and streaming. This event, held annually in Denver, is organized by engineers and researchers from both industry and academia.

    To meet with the Beamr video experts team at the ACM Mile-High-Video 2025 conference, please use this link.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network –

  • MIL-OSI: Matador Technologies Partners with BitGo to Securely Store Bitcoin Holdings

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 10, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA) announces that it has selected BitGo Trust Company (“BitGo”) to securely manage and store its Bitcoin holdings.

    Matador has integrated Bitcoin as a foundational asset for its treasury and as the platform for its upcoming digital gold product. BitGo, known for its secure and compliant custody solutions, will provide institutional-grade custody services using its security infrastructure.

    “We are pleased to partner with BitGo as our trusted custodian for Bitcoin,” said Deven Soni, CEO and Chairman at Matador. “As we expand our engagement with digital assets, having a secure custodian like BitGo supports our security and compliance priorities.”

    BitGo offers a full suite of custody solutions, including multi-signature wallets and 100% cold storage technology, providing protection against theft, loss, or unauthorized access. Additionally, its insurance policy provides an added layer of security, aligning with Matador’s standards for asset management.

    “At BitGo, we are focused on providing secure custody for institutional clients,” said Mike Belshe, CEO of BitGo. “We look forward to supporting Matador’s Bitcoin custody needs with our security infrastructure.”

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network

    Phone: 647-932-2668

    About Matador Technologies Inc.
    Matador Technologies Inc. is a digital gold platform leveraging blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create an app that will allow users to buy, sell, and store gold 24/7 in a fun and engaging way.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –

  • MIL-OSI: Pando Launches Pi – AI Teams for Logistics, Enabling Autonomous Freight Procurement, Planning, and Payments for Global Brands

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Feb. 10, 2025 (GLOBE NEWSWIRE) — Pando, the leading Logistics AI company, today announced the launch of its AI Teams for Logistics, a groundbreaking suite of AI Agents designed to automate freight procurement, dispatch planning, and freight audit and payment processes for global brands. Purpose-built to transform logistics operations, its new ‘Logistics Services as Software’ model enables manufacturers, distributors, and retailers to replace manual, error-prone tasks with intelligent automation to unlock unprecedented efficiency and cost savings by replacing the need for hiring additional staff or more software with AI agents. Pi redefines both logistics and talent strategies, accelerating the shift toward a world where Human Intelligence and Artificial Intelligence work together to drive complex business processes. Pando’s AI Agents act as a team of smart analysts, empowering logistics managers to delegate important yet repetitive decisions to these agents, who execute them with unmatched accuracy.

    Pando’s CEO Nitin Jayakrishnan and global technology executive, public and private company board director Suja Chandra will showcase Pando’s AI Teams through a live demonstration at Manifest 2025 in Las Vegas from February 10-12 at booth #1408, giving industry leaders an exclusive look at how AI is reshaping global transportation management.

    Automating Routine Decisions with AI Teams

    For decades, logistics teams have been weighed down by time-consuming processes —coordinating with carriers, negotiating rates, verifying invoices, tracking shipment delays, and ensuring contract compliance and service delivery. These tasks, while critical, are cumbersome, and distract teams from focusing on strategic initiatives that drive top and bottom line for the brands they serve. Teams can now break this cycle by hiring AI Teams that can automate routine tasks such as invoice audits, payments processing, carrier collaboration, and freight spend analysis and reporting.

    Pando’s AI Teams are already deployed at some of the world’s largest brands. Seamlessly integrated with business systems, third-party tools, and market data Pando creates an enterprise-specific supply chain knowledge graph. This dynamic, real-time representation of the logistics network continuously trains enterprise-specific Logistics Language Models® (LLMs) that not only understand multi-modal global logistics but precisely understand the context of individual businesses and their networks. This allows Pando’s AI Teams to execute repetitive tasks and decisions in freight and transportation management with high precision.

    “At Accuride, on-time delivery to our global commercial vehicle customers is paramount. This in turn demands seamless collaboration with our global suppliers in Asia,” said Skotti Fietsam, SVP Global Supply Chain. “Pando’s AI agents have transformed our supplier collaboration in this context of inbound logistics. What once took days of painstaking manual review of booking reports and packing lists from suppliers now happens in minutes. Pi, Pando’s AI agent, automatically extracts critical data from supplier emails, generating shipment records ready for review. This frees our team from tedious tasks, allowing us to focus on strategic priorities and ensure we meet our customers’ demands. Pando is a true game-changer with its cutting-edge AI capabilities, dramatically boosting our team productivity and ensure we maintain our competitive edge.”

    From Automation to Intelligence: AI Teams That Execute Complex Logistics Decisions

    With more data and continuous learning, AI Teams take on increasingly complex and high-value logistics decisions. For example, Pando’s AI Teams now procure freight across multiple modes and geographies, ensuring optimal pricing and carrier selection for both spot and long-term contracts autonomously. It determines the best modal mix, optimizes carrier allocations, bundles lanes, negotiates rates, and finalizes contracts, all while ensuring alignment with broader service level expectations. AI Teams can also audit, validate invoices, execute claims processes, and pay freight invoices across all modes, services, and currencies, identifying discrepancies and even resolving disputes by collaborating directly with carriers to resolve invoice disputes.

    The Future of Logistics: AI Teams Partnering with Human Teams

    Pando represents a fundamental shift in how logistics teams operate. Moving beyond simple automation, it creates a model where human intelligence and artificial intelligence collaborate seamlessly. Instead of spending their time on routine decisions, logistics professionals can now focus on strategy, innovation, and higher-value problem-solving, supported by AI Agents that execute with precision and reliability.

    “Logistics teams are burdened with too many ‘keep-the-lights-on’ tasks—chasing carriers, negotiating spot rates, validating invoices—leaving little room for strategic initiatives. With Pando, we are bringing the power of AI to logistics decision-making, freeing teams to focus on what truly matters. This isn’t about automation for automation’s sake; it’s about super-powering logistics to be true revenue partners to the business,” said Nitin Jayakrishnan, CEO of Pando.

    Experience Pi at Manifest 2025

    As AI continues to reshape global supply chains, AI is set to become an indispensable tool for logistics teams worldwide, accelerating the industry’s shift toward autonomous operations.

    Pando will be showcasing Pi at Manifest 2025 in Las Vegas (Booth #1408, February 10-12), where attendees can experience firsthand how AI Teams can drive efficiency, accuracy, and autonomy in logistics management.

    About Pando

    Pando is a global leader in AI-powered logistics technology, helping manufacturers, distributors, and retailers automate the procure-to-pay lifecycle of freight to build agility, control freight spend, and reduce carbon footprint. Trusted by Fortune 500 enterprises with global customers across North America, Europe and Asia Pacific regions, Pando is pioneering the future of autonomous logistics with cutting-edge AI.

    Pando is recognized by Gartner for its transportation management capabilities, by World Economic Forum (WEF) as a Technology Pioneer, by G2 as a Market Leader in Freight Management, and named one of the fastest-growing technology companies by Deloitte. For more information, visit www.pando.ai.

    Media Contact
    Courtney Meints
    Skyya PR for Pando
    +1 651-329-9098
    pando@skyya.com

    The MIL Network –

  • MIL-OSI: Churchill Resources Confirms Ni-Co Potential of Large Tonnage Seahorse Lake Intrusive at Florence Lake

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 10, 2025 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to provide an update on its 2024 fieldwork results at the Florence Lake nickel project located in Labrador. Highlights include:

    Seahorse Lake Intrusive

    • CRI 2024 sampling confirms Ni-Co potential and ~7.5km strike length to the variably exposed Seahorse Intrusion with consistent historical surface grab samples grading 0.2-0.4% nickel and Company 2024 results confirm historical and new exposures with grades or 0.2-0.32% Ni and 100-756ppm Cobalt. The high cobalt value is much improved over the best historical result of 361ppm Co.
    • 13 of 27 CRI samples at Seahorse returned high-interest aluminum undepleted komatiite geochemical signatures, suggesting more primitive, potentially Ni-enriched units may also be present in the volcanic assemblage. This is a very encouraging early sign for Seahorse.
    • The lone short historical drillhole, TSH96-04, into the eastern margin of the intrusive, also returned nickel values in the 0.2-0.3% range with 0.01%Co from selected short samples between 30-100m downhole. The entire core is available for sampling to the end of hole at 102m.

    Baikie Belt

    • The northern licenses’ Baikie Sub-belt high-grade targets have been sampled with prioritization based on prospective komatiite geochemistry/VTEM conductors/high nickel-in-soil sampling highlighting numerous areas for detailed follow-up.

    Paul Sobie, CEO, commented:

    “Our 2024 fieldwork has confirmed that the Seahorse Lake Ultramafic Intrusive spans some 7.5km x 1km as suggested by its magnetic signature, and found it to outcrop over several impressively large areas. Historical grab sampling by Falconbridge returned pervasive surface nickel assays in the 0.2 to 0.4%Ni range, consistent with similar ultramafic intrusions being evaluated in Ontario, Quebec, BC, and Alaska.  

    Our 2024 sampling confirmed Seahorse’s Ni-Co potential per Table 1 and Figure 1, including a grab sample grading 756ppm Co (0.076%). We plan to cut long channel samples through these large outcrop exposures during fieldwork in 2025 to define nickel content over significant strike lengths and widths, as an important part of our first full “boots on the ground” season based out of the Florence Lake camp.

    On our northern licenses covering the high-grade target Baikie Sub-belt ~5km northwest of Seahorse, we’ve now sampled most of the 43 priority targets identified from VTEM survey and follow-up soil sampling, allowing for prioritization for detailed prospecting, geology and geophysical surveys this summer.

    Florence Lake lies ~70km west of the deep-water port of Postville, an all-weather road proposed along the Labrador coast would pass within 15km, and nearby waterfalls offer hydro-electric power potential, all greatly enhancing project economics.”

    Figure 1 – Seahorse Lake Total Magnetic Intensity with 2024 and Falconbridge Surface Sampling

    Figure 2 – Outcropping serpentinized peridotite southern Seahorse Lake Intrusion (note helicopter in distance for scale)

    Figure 3 – Outcropping serpentinized peridotite central Seahorse Lake Intrusion

    Table 1 – 2024 Lithogeochemical Sample Selected Analytical Results

    Baikie Belt High-Grade Targets

    The Baikie-Sub-belt volcanic package is highly encouraging for nickel discoveries throughout the volcanic stratigraphy, rather than just the Baikie Showing horizon, the primary target of Falconbridge, where a small deposit was delineated. CRI is continuing to sample the ultramafic lavas in the area of priority targets, following the recognition of numerous Al2O3-undepleted ultramafic volcanic areas (i.e., more primitive lavas, associated with nickel mineralization), as stacked targets located throughout the upper Eastern Volcanic areas of the greenstone belt, and importantly also within the more basal Western Volcanics. Kambalda-style nickel sulphide deposits occur primarily in the basal portions of ultramafic volcanic sequences.

    Figure 4 following shows the location of 2024 lithogeochemical samples detailed in Table 1, as well as the location of all other CRI surface samples collected since 2021. As well Dr. Derek Wilton has sampled numerous historical drill holes, and NL Government Geological Survey geologists have sampled the rest of the historical drillholes, which data will be available in the near-term to further our compilations of geochemical data and follow-up plans. CRI is in close contact with the Geological Survey team, who are actively assessing the Baikie and Seahorse Lake areas through mapping, lithogeochemistry and age-dating of surface and core samples and who completed their first field season in the Florence Lake area in 2024. The Geological Survey is planning to be active again this summer on our property and the collaboration will be extremely helpful to Churchill.

    2024 soil sampling was modest in sample numbers and targeted to assess VTEM conductors lower in the stratigraphy in the Western Volcanics per Figure 5. Moderate nickel anomalies were generated in several areas for follow-up this summer.

    The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Wilton is an honourary research professor of Economic Geology at Memorial University and is independent of the Company for the purposes of NI 43-101.

    The lithogeochemical samples reported here were whole rock pieces, collected from outcrop and historical drill core by Dr. Wilton during fieldwork in September/October 2024. These samples were sealed in labelled plastic bags in the field. All sample bags were photographed and transported to Thunder Bay, ON, by secure courier. The samples were analysed by ALS Geochemistry Ltd. in Thunder Bay using ME-ICP06 whole rock and ME-MS61L analytical protocols. Samples with over limit Ni contents were re-assayed using OG-46 Aqua-Regia overlimit method. Quality control results, including the laboratory’s own control samples, were evaluated immediately.1

    The soil samples were placed in labelled, sealed kraft paper bags and delivered to Eastern Analytical of Springdale, NL, an ISO/IEC 17025 certified facility. The samples were analysed using ICP 34 (inductively coupled plasma) analytical protocols. Samples with over limit Ni contents were re-assayed using Eastern’s Ore Grade Assay (multi acid digestion) overlimit method. Quality control results, including the laboratory’s control samples, were evaluated immediately.

    Figure 4 – CRI Lithogeochemical Samples 2021-2024 in Baikie Sub-belt

    Figure 5 – CRI Soil Samples 2022-2024 in Baikie Sub-belt on detailed CRI magnetics

    About Churchill Resources Inc.

    Churchill Resources Inc. is a Canadian exploration company focused on high grade, magmatic nickel sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland & Labrador. The Churchill management team, board and its advisors have decades of combined management experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill’s Taylor Brook and Florence Lake projects have the potential to benefit from the province’s large and diversified minerals industry, which includes world class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

    Further Information

    For further information regarding Churchill, please contact:

    Churchill Resources Inc.
    Paul Sobie, Chief Executive Officer
    Tel.   +1 416.365.0930 (o)
        +1 647.988.0930 (m)
    Email   psobie@churchillresources.com
         
    Alec Rowlands, Corporate Consultant
    Tel.   +1 416.721.4732 (m)
    Email   arowlands@churchillresources.com
         

    Cautionary Note Regarding Forward Looking Information

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

    These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

    1 The Company reminds investors that surface rock samples are select samples and may not be representative of all mineralization on the Florence Lake property.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a4a7348e-6b56-4bb1-8fed-cb6009e554be

    https://www.globenewswire.com/NewsRoom/AttachmentNg/63543e74-a8d5-455e-a5b4-539e2bc771fd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1640a47f-264a-4f11-962f-d3cb179b030c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/584d7791-09ee-45bc-ab69-c6a7e7332132

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d275b392-66dd-4a1a-937a-2488d04f4555

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4ad8cf7b-9b04-44ed-871c-34ec8a2d094b

    The MIL Network –

  • MIL-OSI: Helium Evolution Provides Encouraging Preliminary Update on 10-36 Well

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 10, 2025 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce preliminary test results from its 10-36-3-9W3 helium discovery well (the “10-36 Well”) along the Mankota helium fairway. HEVI holds a 20% working interest in the 10-36 Well, in partnership with the operator, North American Helium Inc. (“NAH”).

    10-36 Well Preliminary Test Results

    Completion, perforation and initial production testing of the 10-36 Well are ongoing. After an extended 5-day flow testing period, the 10-36 Well was producing approximately 11.5 million standard cubic feet per day (“MMscf/d”) at 13,100 kiloPascal (“kPa”) flowing tubing pressure. The preliminary test results also confirmed a helium content of 0.81%, significantly higher than the commercially viable threshold of 0.3%. Furthermore, the 10-36 Well produced negligible water, signaling strong potential for efficient helium recovery and processing.

    Following the extended production flow period, the 10-36 Well will be shut in for 14 days to gather reservoir pressure data. This data will be analyzed to further evaluate the resource potential and optimize future development.

    Flow Test Results from Select HEVI Wells:

    Well Bottom
    Hole
    Pressure
    (kPa)    		 Bottom Hole
    Temperature
    (°C)    		 Helium
    Content    		 Rate
    (MMscf/d)    		 Tubing
    Pressure
    (kPa)    		 Water
    10-36 Well (Preliminary)1 23,600 78 0.81% 11.5 13,100 Negligible
    10-1 Well2 24,069 78 0.75% 9.5 10,800 Negligible
    9-35 Well3 23,928 81 0.64% 7.0 9,000 Negligible
    2-31 Well4 24,189 81 0.95% 4.0 5,500 Negligible

    1The 10-36 Well preliminary results are subject to further analysis.
    2Well located at 10-1–4-9W3 (the “10-1 Well”)
    3Well located at 9-35-3-9W3 (the “9-35 Well”)
    4Well located at 2-31-2-8W3 (the “2-31 Well”)

    Looking Ahead

    HEVI continues to work closely with NAH to plan the next phase of development. With three helium discovery wells in close proximity to one another, NAH is evaluating the feasibility of installing processing facilities in the area, pending the results of well at 5-30-3-8W3 (the “5-30 Well”). HEVI fully supports this initiative, as the establishment of processing facilities is a crucial step in HEVI’s strategy to transition toward commercial helium production.

    Stay Connected to Helium Evolution

    Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers.

    About Helium Evolution Incorporated

    Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

    For further information, please contact:

    Statement Regarding Forward-Looking Information

    This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward–looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

    Forward-looking statements in this document include statements regarding the Company’s expectations regarding future production from the 2-31 Well, the 9-35 Well the 10-36 Well and the 10-1 Well, results of the 5-30 Well, the decision on processing facilities being made after the 5-30 Well, the Company’s expectations regarding scalable helium production from its land generally, the Company and/or NAH’s plans with respect to shutting in the 10-36 Well for a 14-day period and the interpretation of results, the Company and/or NAH’s plans with respect to constructing a facility, the Company’s intention to provide further updates regarding significant updates and developments, the Company becoming a leading supplier of sustainably-produced helium, timeline of future updates, the Company’s beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: NAH may be unsuccessful in drilling commercially productive wells; the Company and/or NAH may abandon or defer plans for continuing the completion, testing and evaluation of the 10-36 Well; the Company and/or NAH may choose to defer, accelerate or abandon its exploration, development and production facility plans; the Company and/or NAH may determine not to bring the 9-35 Well, the 10-1 Well, the 10-36 Well or the 2-31 Well onto production; the Company and/or NAH may defer the decision on installing a production facility; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company’s securities regardless of its operating performance; risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses and the Company’s working capital position; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and risks other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f5d50f3-d10d-42aa-8c54-ae68c1780a99

    The MIL Network –

  • MIL-OSI: Tower Semiconductor Reports 2024 Fourth Quarter and Full Year Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MIGDAL HAEMEK, Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) — Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter of 2024 and for the year ended December 31, 2024.

    Fourth Quarter of 2024 Results Overview
    Revenues for the fourth quarter of 2024 were $387 million as compared to $371 million for the third quarter of 2024 and $352 million for the fourth quarter of 2023, representing 5% quarter over quarter growth and 10% year over year growth. The Company met its expressed target of sequential quarter over quarter revenue growth within 2024, resulting in 18% growth fourth quarter over first quarter.

    Gross profit for the fourth quarter of 2024 was $87 million, compared to $84 million for the fourth quarter of 2023. During the fourth quarter of 2024, the Company took on for the first time its portion of incremental costs of the greenfield Agrate facility.

    Operating profit for the fourth quarter of 2024 was $46 million as compared to $45 million for the fourth quarter of 2023.

    Net profit for the fourth quarter of 2024 was $55 million, reflecting $0.49 basic and diluted earnings per share. Net profit for the fourth quarter of 2023 was $54 million, or $0.49 basic and $0.48 diluted earnings per share.

    Cash flow generated from operating activities in the fourth quarter of 2024 was $101 million and investments in property and equipment, net were $93 million.

    Full year 2024 Results Overview
    Revenues for the full year of 2024 were $1.44 billion, gross profit was $339 million, operating profit was $191 million. Net profit for the full year of 2024 was $208 million, or $1.87 basic and $1.85 diluted earnings per share. For the full year of 2023, revenues were $1.42 billion, gross profit was $354 million, operating profit was $547 million and included $314 million, net, from the Intel merger contract termination and $33 million of restructuring income, net, from the previously disclosed reorganization and restructure of our Japan operations during 2022. Net profit for the full year of 2023 was $518 million, or $4.70 basic and $4.66 diluted earnings per share and included $290 million, net, due to the merger contract termination payment by Intel and $11 million restructuring income, net.

    Cash flow generated from operating activities for the year ended December 31, 2024, was $449 million. Investments in property and equipment, net for the year ended December 31, 2024, were $432 million and debt payments, net totaled $32 million.

    6” Fab Consolidation Update
    During the fourth quarter of 2024, the lower margin legacy of 150mm flows were discontinued in Fab1, with last Fab outs occurring in January 2025. The forward-looking strategic flows have been transferred into the Fab2 200mm factory. This strategic integration enables the Company to streamline its production processes, enhancing overall efficiency.

    Business Outlook
    Tower Semiconductor guides revenues for the first quarter of 2025 to be $358 million, with an upward or downward range of 5%. First quarter mid-range guidance reflects about 10% year-over-year growth.

    Russell Ellwanger, Chief Executive Officer of Tower Semiconductor, stated:
    “With the close of 2024, we are pleased with our progress, in having brought to market highly differentiated end application advancing platforms, hence strengthening our position for sustainable growth. Our 2025 revenue target is year-over-year growth, with sequential quarter-over-quarter revenue growth, and an acceleration in the second half of the year. This momentum is fueled by increasing production shipments as our previously announced capacity investments progress through the final stages of customer qualifications.”

    Ellwanger further added: “Our commitment to customer partnered innovation and streamlined execution continues to drive our ability to meet the growing and evolving needs of our customers in a quickly changing business environment, whilst expanding our available market size and share. We look forward to the year ahead with confidence and enthusiasm.”

    Teleconference and Webcast
    Tower Semiconductor will host an investor conference call today, Monday, February 10, 2025, at 10:00 a.m. Eastern time (9:00 a.m. Central time, 8:00 a.m. Mountain time, 7:00 a.m. Pacific time and 5:00 p.m. Israel time) to discuss the Company’s financial results for the fourth quarter and full year of 2024 and its business outlook.

    The call will be webcast and available through the Investor Relations section of Tower Semiconductor’s website at ir.towersemi.com. The pre-registration form required for dial-in participation is accessible here. Upon completing the registration, participants will receive the dial-in details, a unique PIN, and a confirmation email with all necessary information. To access the webcast, click here. The teleconference will be available for replay for 90 days.

    Non-GAAP Financial Measures
    The Company presents its financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial information included in the tables below includes unaudited condensed financial data. Some of the financial information, which may be used and/or presented in this release and/or prior earnings related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, which we may describe as adjusted financial measures and/or reconciled financial measures, are non-GAAP financial measures as defined in Regulation G and related reporting requirements promulgated by the Securities and Exchange Commission (the “SEC”) as they apply to our Company. These adjusted financial measures are calculated excluding the following: (i) amortization of acquired intangible assets as included in our costs and expenses, (ii) compensation expenses in respect of equity grants to directors, officers, and employees as included in our costs and expenses, (iii) merger contract termination fees received from Intel, net of associated cost and taxes following the previously announced Intel contract termination as included in net profit in 2023 and (iv) restructuring income, net, which includes income, net of cost and taxes associated with the reorganization and restructure of our operations in Japan including the cessation of operations of the Arai facility, which occurred during 2022, as included in net profit. These adjusted financial measures should be evaluated in conjunction with, and are not a substitute for, GAAP financial measures. The tables also present the GAAP financial measures, which are most comparable to the adjusted financial measures used and/or presented in this release, as well as a reconciliation between the adjusted financial measures and the comparable GAAP financial measures. As used and/or presented in this release and/or prior earnings related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, as well as may be included and calculated in the tables herein, the term Earnings Before Interest Taxes, Depreciation and Amortization which we define as EBITDA consists of operating profit in accordance with GAAP, excluding (i) depreciation expenses, which include depreciation recorded in cost of revenues and in operating cost and expenses lines (e.g., research and development related equipment and/or fixed other assets depreciation), (ii) stock-based compensation expense, (iii) amortization of acquired intangible assets, (iv) merger contract termination fees received from Intel, net of associated cost following the previously announced Intel contract termination, as included in operating profit and (v) restructuring income, net in relation to the reorganization and restructure of our operations in Japan including the cessation of operations of the Arai facility, as included in operating profit. EBITDA is reconciled in the tables below and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company from GAAP operating profit. EBITDA and the adjusted financial information presented herein and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, are not a required GAAP financial measure and may not be comparable to a similarly titled measure employed by other companies. EBITDA and the adjusted financial information presented herein and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, should not be considered in isolation or as a substitute for operating profit, net profit or loss, cash flows provided by operating, investing and financing activities, per share data or other profit or cash flow statement data prepared in accordance with GAAP. The term Net Cash, as may be used and/or presented in this release and/or prior earnings-related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, is comprised of cash, cash equivalents, short-term deposits, and marketable securities less debt amounts as presented in the balance sheets included herein. The term Net Cash is not a required GAAP financial measure, may not be comparable to a similarly titled measure employed by other companies and should not be considered in isolation or as a substitute for cash, debt, operating profit, net profit or loss, cash flows provided by operating, investing and financing activities, per share data or other profit or cash flow statement data prepared in accordance with GAAP. The term Free Cash Flow, as used and/or presented in this release and/or prior earnings related filings and/or in related public disclosures or filings with respect to the financial statements and/or results of the Company, is calculated to be net cash provided by operating activities (in the amounts of $101 million, $125 million and $126 million for the three months periods ended December 31, 2024, September 30, 2024 and December 31, 2023, respectively and in the amounts of $449 million and $677 million for the years ended December 31, 2024 and December 31, 2023, respectively (less cash used for investments in property and equipment, net (in the amounts of $93 million, $128 million and $136 million for the three months periods ended December 31, 2024, September 30, 2024 and December 31, 2023, respectively and in the amounts of $432 million and $432 million for the years ended December 31, 2024 and December 31, 2023, respectively). The term Free Cash Flow is not a required GAAP financial measure, may not be comparable to a similarly titled measure employed by other companies and should not be considered in isolation or as a substitute for operating profit, net profit or loss, cash flows provided by operating, investing, and financing activities, per share data or other profit or cash flow statement data prepared in accordance with GAAP.

    About Tower Semiconductor
    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    CONTACT:
    Liat Avraham | Investor Relations | +972-4-6506154 | liatavra@towersemi.com

    Forward-Looking Statements
    This release, as well as other statements and reports filed, stated and published in relation to this quarter’s results, includes certain “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, projections and statements with respect to our future business, financial performance and activities. The use of words such as “projects”, “expects”, “may”, “targets”, “plans”, “intends”, “committed to”, “tracking”, or words of similar import, identifies a statement as “forward-looking.” Actual results may vary from those projected or implied by such forward-looking statements and you should not place any undue reliance on such forward-looking statements, which describe information known to us only as of the date of this release. Factors that could cause actual results to differ materially from those projected or implied by such forward-looking statements include, without limitation, risks and uncertainties associated with: (i) demand in our customers’ end markets, (ii) reliance on acquisitions and/or gaining additional capacity for growth, (iii) difficulties in achieving acceptable operational metrics and indices in the future as a result of operational, technological or process-related problems, (iv) identifying and negotiating with third-party buyers for the sale of any excess and/or unused equipment, inventory and/or other assets, (v) maintaining current key customers and attracting new key customers, (vi) over demand for our foundry services resulting in high utilization and its effect on cycle time, yield and on schedule delivery, as well as customers potentially being placed on allocation, which may cause customers to transfer their business to other vendors, (vii) financial results that may fluctuate from quarter to quarter, making it difficult to forecast future performance, (viii) our debt and other liabilities that may impact our financial position and operations, (ix) our ability to successfully execute acquisitions, integrate them into our business, utilize our expanded capacity and find new business, (x) fluctuations in cash flow, (xi) our ability to satisfy the covenants stipulated in our agreements with our debt holders, (xii) pending litigation, (xiii) meeting the conditions set in approval certificates and other regulations under which we received grants and/or royalties and/or any type of funding from the Israeli, US and/or Japan governmental agencies, (xiv) receipt of orders that are lower than the customer purchase commitments and/or failure to receive customer orders currently expected, (xv) possible incurrence of additional indebtedness, (xvi) the effects of global recession, unfavorable economic conditions and/or credit crisis, (xvii) our ability to accurately forecast financial performance, which is affected by limited order backlog and lengthy sales cycles, (xviii) possible situations of obsolete inventory if forecasted demand exceeds actual demand when we create inventory before receipt of customer orders, (xix) the cyclical nature of the semiconductor industry and the resulting periodic overcapacity, fluctuations in operating results and future average selling price erosion, (xx) financing capacity acquisition related transactions, strategic and/or other growth or M&A opportunities, including funding Agrate fab’s significant 300mm capacity investments and acquisition or funding of equipment and other fixed assets associated with the capacity corridor transaction with Intel as announced in September 2023, in addition to other capacity and capability expansion plans, and the possible unavailability of such financing and/or the availability of such financing on unfavorable terms, (xxi) operating our facilities at sufficient utilization rates necessary to generate and maintain positive and sustainable gross, operating and net profit, (xxii) the purchase of equipment and/or raw material (including purchases beyond our needs), the timely completion of the equipment installation, technology transfer and raising the funds therefor, (xxiii) product returns and defective products, (xxiv) our ability to maintain and develop our technology processes and services to keep pace with new technology, including artificial intelligence, evolving standards, changing customer and end-user requirements, new product introductions and short product life cycles, (xxv) competing effectively, (xxvi) the use of outsourced foundry services by both fabless semiconductor companies and integrated device manufacturers, (xxvii) our dependence on intellectual property rights of others, our ability to operate our business without infringing others’ intellectual property rights and our ability to enforce our intellectual property against infringement, (xxviii) the Fab 3 landlord’s alleged claims that the noise abatement efforts made thus far are not adequate under the terms of the amended lease that caused him to request a judicial declaration that there was a material non-curable breach of the lease and that he would be entitled to terminate the lease, as well the ability to extend such lease or acquire the real estate and obtain the required local state and/or approvals required to be able to continue operations beyond the current lease term, (xxix) retention of key employees and recruitment and retention of skilled qualified personnel, (xxx) exposure to inflation, currency rates (mainly the Israeli Shekel, the Japanese Yen and the Euro) and interest rate fluctuations and risks associated with doing business locally and internationally, as well as fluctuations in the market price of our traded securities, (xxxi) meeting regulatory requirements worldwide, including export, environmental and governmental regulations, as well as risks related to international operations, (xxxii) potential engagement for fab establishment, joint venture and/or capital lease transactions for capacity enhancement in advanced technologies, including risks and uncertainties associated with the Agrate fab and the capacity corridor transaction with Intel as announced in September 2023, such as their qualification schedule, technology, equipment and process qualification, facility operational ramp-up, customer engagements, cost structure, required investments and other terms, which may require additional funding to cover their significant capacity investment needs and other payments, the availability of which funding cannot be assured on favorable terms, if at all, (xxxiii) potential liabilities, cost and other impacts that may be incurred or occur due to reorganization and consolidation of fabrication facilities, including the impact of cessation of operations of our facilities, including with regard to our 6 inch facility, (xxxiv) potential security, cyber and privacy breaches, (xxxv) workforce that is not unionized which may become unionized, and/or workforce that is unionized and may take action such as strikes that may create increased cost and operational risks, (xxxvi) the issuance of ordinary shares as a result of exercise and/or vesting of any of our employee equity, as well as any sale of shares by any of our shareholders, or any market expectation thereof, as well as the issuance of additional employee stock options and/or restricted stock units, or any market expectation thereof, which may depress the market value of the Company and the price of the Company’s ordinary shares and in addition may impair our ability to raise future capital, and (xxxvii) climate change, business interruptions due to floods, fires, pandemics, earthquakes and other natural disasters, the security situation in Israel, global trade “war” and the current war in Israel, including the potential inability to continue uninterrupted operations of the Israeli fab, impact on global supply chain to and from the Israeli fab, power interruptions, chemicals or other leaks or damages as a result of the war, absence of workforce due to military service as well as risk that certain countries will restrict doing business with Israeli companies, including imposing restrictions if hostilities in Israel or political instability in the region continue or exacerbate, and other events beyond our control. With respect to the current war in Israel, if instability in neighboring states occurs, Israel could be subject to additional political, economic, and military confines, and our Israeli facility’s operations could be materially adversely affected. Any current or future hostilities involving Israel or the interruption or curtailment of trade between Israel and its present trading partners, or a significant downturn in the economic or financial condition of Israel, could have a material adverse effect on our business, financial condition and results of operations.

    A more complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this release or which may otherwise affect our business is included under the heading “Risk Factors” in the Company’s most recent filings on Forms 20-F and 6-K, as were filed with the SEC and the Israel Securities Authority. Future results may differ materially from those previously reported. The Company does not intend to update, and expressly disclaims any obligation to update, the information contained in this release.

    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)  
    (dollars in thousands)  
      December 31,   December 31,  
      2024   2023  
    ASSETS        
    CURRENT ASSETS        
    Cash and cash equivalents $ 271,894   $ 260,664  
    Short-term deposits 946,351   790,823  
    Marketable securities —   184,960  
    Trade accounts receivable 211,932   154,067  
    Inventories 268,295   282,688  
    Other current assets 61,817   35,956  
    Total current assets 1,760,289   1,709,158  
    PROPERTY AND EQUIPMENT, NET 1,286,622   1,155,929  
    GOODWILL AND OTHER INTANGIBLE ASSETS, NET 10,196   12,115  
    OTHER LONG-TERM ASSETS 23,378   41,315  
    TOTAL ASSETS $ 3,080,485   $ 2,918,517  
    LIABILITIES AND SHAREHOLDERS’ EQUITY        
    CURRENT LIABILITIES        
    Short-term debt $ 48,376   $ 58,952  
    Trade accounts payable 130,624   139,128  
    Deferred revenue and customers’ advances 21,655   18,418  
    Other current liabilities 84,409   60,340  
    Total current liabilities 285,064   276,838  
    LONG-TERM DEBT 132,437   172,611  
    LONG-TERM CUSTOMERS’ ADVANCES 7,690   25,710  
    OTHER LONG-TERM LIABILITIES 15,114   16,319  
    TOTAL LIABILITIES 440,305   491,478  
    TOTAL SHAREHOLDERS’ EQUITY 2,640,180   2,427,039  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,080,485   $ 2,918,517  
             
    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)  
    (dollars and share count in thousands, except per share data)  
      Three months ended  
      December 31,   September 30,   December 31,  
      2024   2024   2023  
    REVENUES $ 387,191   $ 370,512   $ 351,711  
    COST OF REVENUES 300,338   277,451   267,294  
    GROSS PROFIT 86,853   93,061   84,417  
    OPERATING COSTS AND EXPENSES:            
    Research and development 20,622   19,867   20,849  
    Marketing, general and administrative 19,812   17,432   18,401  
      40,434   37,299   39,250  
                 
    OPERATING PROFIT 46,419   55,762   45,167  
    FINANCING AND OTHER INCOME, NET 8,315   6,104   16,682  
    PROFIT BEFORE INCOME TAX 54,734   61,866   61,849  
    INCOME TAX EXPENSE, NET (2,149)   (7,026)   (10,130)  
    NET PROFIT 52,585   54,840   51,719  
    Net loss (profit) attributable to non-controlling interest 2,553   (193)   2,128  
    NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 55,138   $ 54,647   $ 53,847  
    BASIC EARNINGS PER SHARE $ 0.49   $ 0.49   $ 0.49  
    Weighted average number of shares 111,493   111,237   110,796  
    DILUTED EARNINGS PER SHARE $ 0.49   $ 0.49   $ 0.48  
    Weighted average number of shares 112,967   112,474   111,308  
    RECONCILIATION FROM GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY TO ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY:
    GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 55,138   $ 54,647   $ 53,847  
    Stock based compensation 10,684   8,611   6,662  
    Amortization of acquired intangible assets 574   448   442  
    ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 66,396   $ 63,706   $ 60,951  
    ADJUSTED EARNINGS PER SHARE:            
    Basic $ 0.60   $ 0.57   $ 0.55  
    Diluted $ 0.59   $ 0.57   $ 0.55  
                 
    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)  
    (dollars and share count in thousands, except per share data)  
      Year ended  
      December 31,  
      2024   2023  
    REVENUES $ 1,436,122   $ 1,422,680  
    COST OF REVENUES 1,096,680   1,069,161  
    GROSS PROFIT 339,442   353,519  
    OPERATING COSTS AND EXPENSES:        
    Research and development 79,434   79,808  
    Marketing, general and administrative 74,964   72,454  
    Restructuring income, net * (6,270)   (32,506)  
    Merger-contract termination fee, net ** —   (313,501)  
      148,128   (193,745)  
             
    OPERATING PROFIT 191,314   547,264  
    FINANCING AND OTHER INCOME, NET 26,113   37,578  
    PROFIT BEFORE INCOME TAX 217,427   584,842  
    INCOME TAX EXPENSE, NET (10,205)   (65,312)  
    NET PROFIT 207,222   519,530  
    Net loss (profit) attributable to non-controlling interest 642   (1,036)  
    NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 207,864   $ 518,494  
    BASIC EARNINGS PER SHARE $ 1.87   $ 4.70  
    Weighted average number of shares 111,153   110,289  
    DILUTED EARNINGS PER SHARE $ 1.85   $ 4.66  
    Weighted average number of shares 112,343   111,216  
    * Restructuring income, net resulted from the previously disclosed reorganization and restructure of our Japan operations during 2022.  
    ** Merger-contract termination fee received from Intel during the third quarter of 2023, net of associated cost.  
             
    RECONCILIATION FROM GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY TO ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY:
    GAAP NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 207,864   $ 518,494  
    Stock based compensation 33,837   27,931  
    Amortization of acquired intangible assets 1,918   1,923  
    Restructuring income, net *** (2,634)   (11,224)  
    Merger-contract termination fee, net **** —   (289,988)  
    ADJUSTED NET PROFIT ATTRIBUTABLE TO THE COMPANY $ 240,985   $ 247,136  
    ADJUSTED EARNINGS PER SHARE:        
    Basic $ 2.17   $ 2.24  
    Diluted $ 2.15   $ 2.22  
    *** Restructuring income, net resulted from the previously disclosed reorganization and restructure of our Japan operations during 2022, net of tax.
    **** Merger-contract termination fee received from Intel during the third quarter of 2023, net of associated cost and tax.
    TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONSOLIDATED SOURCES AND USES REPORT (UNAUDITED)  
    (dollars in thousands)  
      Three months ended  
      December 31,   September 30,   December 31,  
      2024   2024   2023  
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD $ 270,979   $ 265,313   $ 314,816  
    Net cash provided by operating activities 100,816   124,743   126,098  
    Investments in property and equipment, net (93,396)   (127,624)   (136,426)  
    Debt received (repaid), net 2,795   (16,402)   (8,950)  
    Effect of Japanese Yen exchange rate change over cash balance (4,972)   5,537   2,101  
    Proceeds from (investment in) deposits, marketable securities and other assets, net (4,328)   19,412   (36,975)  
    CASH AND CASH EQUIVALENTS – END OF PERIOD $ 271,894   $ 270,979   $ 260,664  
      Year ended      
      December 31,   December 31,      
      2024   2023      
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD $ 260,664   $ 340,759      
    Net cash provided by operating activities 448,682   676,561 *    
    Investments in property and equipment, net (431,653)   (432,184)      
    Debt repaid, net (32,455)   (32,346)      
    Proceeds from investment in subsidiary —   1,932      
    Effect of Japanese Yen exchange rate change over cash balance (4,758)   (5,395)      
    Proceeds from (investment in) deposits, marketable securities and other assets, net 31,414   (288,663)      
    CASH AND CASH EQUIVALENTS – END OF PERIOD $ 271,894   $ 260,664      
    * Merger-contract termination fee received from Intel during 2023, net of associated cost, in the amount of $313,501  
    was included within the net cash provided by operating activities for the year ended December 31, 2023.  
     TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)  
    (dollars in thousands)  
      Year ended  
      December 31,   December 31,  
      2024   2023  
    CASH FLOWS – OPERATING ACTIVITIES        
    Net profit for the period $ 207,222   $ 519,530  
    Adjustments to reconcile net profit for the period        
    to net cash provided by operating activities:        
    Income and expense items not involving cash flows:        
    Depreciation and amortization * 266,279   258,021  
    Effect of exchange rate differences and fair value adjustment 133   (1,632)  
    Other expense (income), net 24,721   (7,047)  
    Changes in assets and liabilities:        
    Trade accounts receivable (60,169)   (3,160)  
    Other current assets (33,992)   (9,541)  
    Inventories 4,778   8,682  
    Trade accounts payable 35,784   (8,254)  
    Deferred revenue and customers’ advances (14,783)   (35,676)  
    Other current liabilities 22,021   (70,163)  
    Other long-term liabilities (3,312)   25,801  
    Net cash provided by operating activities 448,682   676,561 **
    CASH FLOWS – INVESTING ACTIVITIES        
    Investments in property and equipment, net (431,653)   (432,184)  
    Proceeds from (investments in) deposits, marketable securities and other assets, net 31,414   (288,663)  
    Net cash used in investing activities (400,239)   (720,847)  
    CASH FLOWS – FINANCING ACTIVITIES        
    Debt repaid, net (32,455)   (32,346)  
    Proceeds from investment in subsidiary —   1,932  
    Net cash used in financing activities (32,455)   (30,414)  
    EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGE (4,758)   (5,395)  
             
    INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,230   (80,095)  
    CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 260,664   340,759  
    CASH AND CASH EQUIVALENTS – END OF PERIOD $ 271,894   $ 260,664  
    * Includes amortization of acquired intangible assets and stock based compensation in the amounts of $35,755  
    and $29,854 for the years ended December 31, 2024, and December 31, 2023, respectively.      
    ** Merger-contract termination fee received from Intel during the third quarter of 2023, net of associated cost, in the amount
    of $313,501 was included within the net cash provided by operating activities for the year ended December 31, 2023.
             

    The MIL Network –

  • MIL-OSI Economics: RBI announces OMO Purchase of Government of India Securities – Revised amount

    Source: Reserve Bank of India

    The Reserve Bank has announced OMO purchase of Government securities for an aggregate amount of ₹20,000 crore on February 13, 2025 vide Press Release 2024-2025/2106 dated February 07, 2025.

    2. On a review of current and evolving liquidity conditions, the aggregate amount of OMO purchase has now been revised to ₹40,000 crore.

    3. The terms and conditions of the auction along with the various Government securities to be purchased remain the same as announced in the aforementioned Press Release.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2122

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Media Release – By Election – 10.02.25 Monday 10 February 2025

    Source: Channel Islands – States of Alderney

    Media Release

    Date: 10th February 2025

    By Election

    The upcoming By Election for the two vacant seats on the States of Alderney will be held on March 8th at the Island Hall. Nominations to stand in the By Election are open from 9am on the 14th February and close at 4pm on the 21st February. If you are not on the electoral roll but wish to vote in the By Election, you have until 13th February to hand in your registration form.

    Further information on how to vote, how to register on the electoral roll and how to stand in the By Election can be found at our election’s website www.alderneyelections.gg Ends Media Contact: Publications.Alderney@gov.gg

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Interest continues to soar in ‘earn while you learn’ apprenticeships

    Source: Northern Ireland City of Armagh

    (L-R): Roger Wilson, Chief Executive Armagh City, Banbridge and Craigavon Borough Council; Lee Campbell, SRC Principal & CEO; Harry Hamilton, ABC LMP Vice-Chairperson; Councillor Kyle Savage, Deputy Lord Mayor of Armagh City, Banbridge and Craigavon; Tracy Rice, ABC LMP Chairperson; Alderman Paul Greenfield. (Economic Development and Regeneration Committee Chair, ABC Council).

    Over 920 people attended The Big Apprenticeship Event at the Craigavon Civic and Conference Centre on Thursday 6 February, to explore the opportunities available with apprenticeships and higher level apprenticeships across sectors from robotics, accountancy, beauty therapy, construction and engineering to transport and science.

    This is a key event in the Armagh, Banbridge and Craigavon (ABC) Labour Market Partnership’s Get Future Ready campaign, in partnership with Southern Regional College (SRC). The event ran alongside the Department for the Economy’s (DfE) Apprenticeship Week, which occurred from the 3 – 7 February 2025.

    Speaking at the event, Deputy Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Kyle Savage said; “Apprenticeships have come a long way from being associated with traditional trades to being a much sought-after pathway to a successful career in a wide range of sectors.

    “Throughout this event we have heard first hand from employers, education and training providers and current apprentices about how apprenticeships, which have greatly increased in recent years, are important for our future economy and a worthwhile investment for employers and apprentices alike. Employers can harness skills that best meet the needs of the business and apprentices feel secure and confident by learning sector-specific skills and gaining industry recognised qualifications.”

     “In council we are committed to working with our partners to drive the vision of the Labour Market Partnership to help get local people closer to work and into work through apprenticeships so everyone can achieve their full potential.”

    The theme for this year’s Apprenticeship Week was ‘Getting it Right for You’, highlighting the varied and flexible opportunities that exist with an apprenticeship.

    Lee Campbell, Principal & CEO of Southern Regional College added; “It has been incredible to witness the increased interest and enthusiasm for all things apprenticeships. The College has continuously developed the range of apprenticeship opportunities available, catering for the diverse interests and career pathways of people within the southern region.  

    “Apprenticeship and higher level apprenticeships offer participants the distinct opportunity to train for a career in a chosen field, whilst being in employment. Our aspiration is to enable as many people as possible to start a career they enjoy and are passionate about. We look forward to September when we will be welcoming new apprentices starting their journey with Southern Regional College.”

    Click here to find out more about apprenticeships at SRC.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Volunteers sought to take part in Bay Road Tree Planting Day

    Source: Northern Ireland – City of Derry

    Volunteers sought to take part in Bay Road Tree Planting Day

    6 February 2025

    Derry City and Strabane District Council are seeking volunteers to take part in a special Tree Planting Day at Bay Road Park.

    The event on Saturday February 22nd from 10am to Midday will see hundreds of trees being planted as part of the Life Project where a sapling tree is planted to mark the registration of significant life events in the Council area.

    Over 10,000 trees have been planted since the initiative started seven years ago and sees every birth, death, civil partnership and marriage registered in the District Registration Offices in Derry and Strabane marked by the planting of a sapling tree.

    The project forms part of a wider Council strategy to improve air quality and the public’s mental health.

    Speaking ahead of the planting day, Mayor of Derry City and Strabane District Council, Councillor Lilian Seenoi-Barr, encouraged local people of all ages to get involved in the event by registering their attendance online.

    “The Life Tree project is a poignant means of marking and remembering the registration of birth, deaths, civil partnerships and marriages in our City and District.

    “The Tree Planting Day at Bay Park is an ideal way to get out into the outdoors and contribute to a project that can help improve our air quality and the local landscape.

    “I would encourage people to register now and get involved.” 

    Spades will be provided on the day and volunteers are advised to wear appropriate footwear, warm clothing and gloves.

    Helpers will be on hand on the day to give tree planting advice.

    The tree planting site is adjacent to Bay Road Soccer and those attending on the day can park on spaces on the Bay Road.

    Further information on the Life Project is available at www.derrystrabane.com/lifeproject where you can also share your experiences of planting your trees.  

    If you would like to volunteer, please register now at [email protected] or contact Environmental Health Department by calling 028 71 253253 .

    Please register early as places are limited.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: HSE Launches Advanced Training Course on AI in Education

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Faculty of Computer Science HSE University is launching a professional development course on artificial intelligence in education. Program is intended for teachers, lecturers, and methodologists planning to integrate AI technologies into the educational process, as well as for management teams of educational institutions interested in improving educational processes through the implementation of AI.

    Teachers from the Faculty of Computer Science at the National Research University Higher School of Economics will show how to make artificial intelligence an assistant to a teacher so that it works for the benefit of the educational process. For example, students will be able to use neural networks to develop tests and educational materials, and analyze academic performance.

    The program consists of four blocks. The first is devoted to the effectiveness of AI in educational practice and the ethical issues of its use. The second block will examine AI services in detail: Yandex GPT, GigaChat, Perplexity and others. Teachers will tell how to use them to create programs of academic disciplines, articles, presentations, tests and assignments, and conduct data analysis. Block 3 contains information on how AI is currently used in education, business and media. The last block is a bonus. It is intended for those who want to delve deeper into the structure of large language models and learn about the practice of their application. Upon completion of the training in the Artificial Intelligence in Education program, students will be able to confidently create their own projects for integrating AI into the educational process based on the studied cases and examples.

    The integration of artificial intelligence tools into the educational process is not just a fashionable trend, but a necessity in today’s rapidly changing world, the expert believes Center for Continuous Education of the Faculty of Computer Science of the National Research University Higher School of Economics and the course creator Daria Kasyanenko, who spoke about the course and the importance of using AI tools in education.

    “AI opens up huge opportunities for personalizing learning, automating routine tasks, and increasing the efficiency of the educational process as a whole. Our course is designed to help teachers master these innovative technologies and implement them in their teaching practice,” she emphasized.

    The Higher School of Economics already has successful experience in this area. Last year, as part of the strategic academic leadership program “Priority 2030” More than 50% of HSE full-time employees have completed the course “Artificial Intelligence in Education and Research”.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: BNP Paribas Primary New Issues: POST STAB: No Stab Notice – LOXAM S.A.S

    Source: GlobeNewswire (MIL-OSI)

    [10.02.2025]

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    [LOXAM S.A.S]

    Post-stabilisation Period Announcement

    NO STABILISATION CARRIED OUT

    [Further to the pre-stabilisation period announcement dated [06.02.2025] BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

    Securities

    Issuer: LOXAM S.A.S
    Guarantor(s) (if any): N/A
    Aggregate nominal amount: EUR 500,000,000
    Description: EUR 5YR
    Offer price: 100

    Stabilisation Manager(s)

    Name(s): BNP PARIBAS

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.
      

    The MIL Network –

  • MIL-OSI Economics: WTO-OECD report examines economic implications of data flow regulation

    Source: WTO

    Headline: WTO-OECD report examines economic implications of data flow regulation

    The report, entitled “Economic Implications of Data Regulation: Balancing Openness and Trust”, notes how data flows have become the lifeblood of social and economic interactions. At the same time, it highlights a surge in regulations conditioning data flows or mandating that data be stored or processed domestically. 
    The report notes that the implications of data flow regulations are not well understood, especially where they relate to finding a balance between enabling flows while also ensuring that data receives the desired safeguards when transferred abroad.
    Drawing on information from a business questionnaire and analysis of data flows, the publication aims to help policy makers better understand the benefits involved in their regulatory choices.
    The report looks into the potential costs of data flow regulation and the potential benefits that arise from growing trust in economic transactions undertaken within data protection frameworks.
    It underscores that global solutions that balance free flows of data with the trust benefits of safeguards are likely to deliver better economic outcomes for countries at all levels of development. If open regimes that include safeguards were adopted by all economies, global exports would grow by 3.6% and global GDP by 1.77%, the report notes. Benefits would be highest for low and lower-middle income economies which could see their GDP rise by over 4%.
    The report notes that “full fragmentation”, where all economies fully restrict their data flows, would lead to global GDP losses of 4.5% and reductions in exports of 8.5%.
    However, the absence of data flow regulation is also associated with negative economic outcomes. If all economies removed their data flow regulation, trade costs would fall, but trust would also decline, the report says.
    With regards to measures explicitly mandating local storage or processing of data, the report underscores that the impact depends on the type of measure implemented. Developing economies would benefit most from removing data localisation measures.
    The full report can be found here.

    Share

    MIL OSI Economics –

  • MIL-OSI Economics: Space Norway orders THOR 8 telecom satellite from Thales Alenia Space

    Source: Thales Group

    Headline: Space Norway orders THOR 8 telecom satellite from Thales Alenia Space

    Cannes, February 10th, 2025 – Space Norway, Northern Europe’s leading satellite operator, and Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), today announced they have signed a contract for the supply of a new communications satellite, THOR 8.

    THOR 8 © Thales Alenia Space/Briot

    From its orbital slot at 1° west, the THOR 8 communications satellite will meet the growing demand for connectivity and ensure continuity of Space Norway’s broadcasting service over a geographic coverage area from the Nordics to Central and Eastern Europe. THOR 8 will provide top-tier satellite connectivity for broadcasters and high-speed internet access for fixed and mobile infrastructure (maritime, terrestrial and aeronautical services) in Europe, the Middle East and Africa. With a launch mass of 4 metric tons, the satellite will be built on Thales Alenia Space’s Spacebus 4000B2 platform and will operate in the Ka and Ku frequency bands.

    As prime contractor, Thales Alenia Space is responsible for the design, manufacture, testing and delivery of the satellite. THOR 8 will be launched in 2027 and will have an in-orbit service life of over 15 years.

    Morten Tengs, CEO of Space Norway & Hervé Derrey, CEO of Thales Alenia Space © Thales Alenia Space/Briot

    “I would like to thank Space Norway for its continued trust in Thales Alenia Space,” said Hervé Derrey, CEO of Thales Alenia Space. “THOR 8 is our second satellite built for Space Norway, after THOR 6, which was launched in 2009. This new contract further underscores the success of our robust and proven Spacebus 4000 product line, which has represented a total of 41 satellite programs, including 15 based on Spacebus 4000B2 product.”

    Morten Tengs, CEO of Space Norway, stated: “The deployment of the THOR 8 satellite is a significant milestone in our mission to deliver advanced and reliable connectivity solutions. This strategic addition will enhance our capabilities, providing critical services to safeguard the interests of both national and international governments while meeting the demands of our commercial partners. We extend our gratitude to Thales Alenia Space for their long-standing partnership and commitment towards this transformational project.”

    About THALES ALENIA SPACE

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of approximately €2.2 billion in 2023 and has around 8,600 employees in 8 countries, with 16 sites in Europe.

    MIL OSI Economics –

  • MIL-OSI Economics: World first: Thales delivers first autonomous drone system for mine countermeasures to the French Navy

    Source: Thales Group

    Headline: World first: Thales delivers first autonomous drone system for mine countermeasures to the French Navy

    • Thales has delivered the first drone system for mine countermeasures to the French Navy, as part of the MMCM (Maritime Mine Counter Measures) programme.
    • World first: this is the first autonomous surface drone system in service with a navy.
    • Thales achieves a technological breakthrough with autonomous, cyber-secure drone systems that include Artificial Intelligence (AI). The Group is involved in redefining the operational concept for mine warfare.
    Thales ©Eloi Stichelbaut|Polaryse

    Thales delivered the first serial production system of mine countermeasure drones to the French Navy in December 2024. This is a world first, as part of the Franco-British MMCM program, led by the French Defence Procurement Agency (DGA) and under the aegis of OCCAR1. A real technological breakthrough in the conduct of mine countermeasure missions, this system helps reduce sailors’ exposure to danger and contributes to the security of the maritime domain, which is the backbone of the global economy.

    The first system delivered to the French Navy includes a surface drone (USV – Unmanned Surface Vehicle) equipped with the towed sonar TSAM for the detection and classification of naval mines. Its operations can be controlled from land, from a mother ship, or from an opportunistic vessel, thereby enabling mine countermeasure missions to be carried out while reducing crew exposure to danger. Thales, the systems provider and integrator for the MMCM program, is at the forefront of drone systems for naval mine countermeasures, with innovative solutions such as the SAMDIS multi-view ​ sonar, the portable e-POC operations centre, the M-Cube mission management system, and the Mi-Map data analysis application, recognized for its exceptional performance and low false alarm rate, particularly due to the use of artificial intelligence (AI).

    The compact 12-metre naval surface drone is designed to be air transportable, allowing for deployment within 48 hours aboard an A400M and can be embarked on the future Mine Warfare Vessel (BGDM).

    Thales and its partners are proud to have met the challenges associated with their role as pioneers. Within the SLAMF1 program, France will receive 6 USV in 2025: 3 system-of-systems, each comprising 2 USVs, will be delivered to the French Navy, in addition to the prototype system already delivered and updated. The British Royal Navy will also receive 4 system-of-systems, each consisting of one USV, during 2025.

    “The United Kingdom and France have set an ambitious goal: to transform their mine countermeasure capabilities by adopting new disruptive operational concepts. Thales is proud to be at the heart of this transformation, which positions both nations as pioneers in autonomous naval systems. Our Group, a world leader in mine countermeasures, reaffirms its position as an innovative and reliable partner that navies can count on to develop their strategic capabilities.” said Philippe Duhamel, Executive Vice-President, Defence Mission Systems, Thales.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialising in three business domains: Defence & Security, Aeronautics & Space and Cyber & Digital.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    1OCCAR : Organisation for Joint Armament Cooperation

    2SLAMF – Système de Lutte Anti-mines Marines Futur (future naval mine countermeasures system) is an advanced naval mine countermeasures system being developed primarily by the French Navy. This system aims to enhance the ability to detect, classify, and neutralize underwater mines, which pose a significant threat to naval operations and maritime security.

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung TV Plus India Launches Five Exclusive FAST Channels from Warner Bros. Television

    Source: Samsung

     
    Samsung TV Plus, Samsung’s free ad-supported streaming TV (FAST) service, has collaborated with Warner Bros. to launch five new FAST channels exclusively on Samsung TV Plus India. These WBTV channels deliver premium storytelling to streaming audiences, meeting the demand for high quality, free entertainment. With a strong focus on Hindi programming, these new FAST channels are designed to engage both regional and urban audiences.
     
    Samsung TV Plus is a free streaming service that comes pre-installed on Samsung Smart TVs, offering a wide range of channels, including news, sports, entertainment, and more.
     
    Kunal Mehta, Head Partnerships and Business Development, Samsung TV Plus India, said “We are thrilled to welcome Warner Bros. Television to Samsung TV Plus. As a leader in FAST, we are committed to bringing top-tier content to our audiences. This partnership expands entertainment choices while delivering even more value and access to our viewers—and opportunities for advertisers.”
     
    Offering a diverse range of premium programming, the channels mentioned below are curated to captivate viewers on Samsung Smart TVs and mobile devices:
     
    House of Crime: A gripping destination for crime enthusiasts, offering a mix of intense dramas and intriguing investigative series in Hindi.
    Foodie Hub: A haven for culinary adventurers, featuring popular food shows, recipes, and gastronomic journeys, presented in Hindi.
    Wild Flix: A heart-warming gateway to the wonders of the animal kingdom, showcasing captivating insights into zoo life, and awe-inspiring animal rescue stories in Hindi.
    Wheel World: A high-octane destination for automobile enthusiasts, featuring exhilarating car and bike shows, and restoration stories from the best garages, presented in English.
    XXtreme Jobs: An adrenaline-pumping exploration of the world’s most daring professions, unearthing extraordinary workplaces and fearless individuals behind them, presented in Hindi.
    Ruchir Jain, Head of Distribution, Warner Bros. Discovery, South Asia, said: “At Warner Bros. Discovery, we are passionate about curating diverse and high-quality entertainment for our audiences. With connected TVs on the rise, we are excited to expand our presence on Samsung TV Plus through these new channels. Our partnership with Samsung TV Plus will enable us to bring our viewers the very best of WBTV.”

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung UK’s Chief Customer Officer Talks Online Safety ahead of Safer Internet Day 2025

    Source: Samsung

    Q) Thanks for joining us today, Deborah, can you tell us why Safer Internet Day is such an important day to mark for Samsung, and what it means to you personally?
     
    Days like Safer Internet Day are really crucial to help give all parents and guardians a platform to continue to talk openly about helping our children stay safe online and also share their experiences in how to achieve this. This is an ongoing area of focus for us, but marked days are vital for growing awareness on important topics. As a parent with a young son, my priority is his safety, both off and online. As he gets older and learns how to navigate the online world, it’s important that I’ll be able to help educate and give him a safe space to be confident, secure and knowledgeable when accessing new technologies.

    Q) What is Samsung’s role, as a device manufacturer, in helping combat the growing issue of keeping young people safe online?
     
    We do have a shared responsibility with all invested stakeholders to help combat this problem. We are now in our eighth year of supporting Safer Internet Day and have partnered with Internet Matters since 2019, creating vital resources to help parents and children. We need to keep these relationships strong and work together on projects that shine a light on online safety. This won’t be solved by any one organisation or campaign alone. We must collaborate to help inspire and enable parents and guardians to keep having the most important of conversations with their children, especially as we see how prevalent social media is in today’s society.
     
    We want all families who use our devices and services to be able to understand the tools and resources available to them, helping them to set positive boundaries and measures they feel can be effective. We always seem to say that our kids seem more tech-savvy than we are, but learning together can really help everyone in the family dynamic to understand the important and dangers of online safety.
     
    Q) Internet Matters does a huge amount of work on this issue, how important is this partnership to Samsung?
     
    It really is critical to work alongside incredible organisations like Internet Matters and try to tackle the online safety issue collaboratively. For example, in 2023, we launched the ‘Online Together Project’ with Internet Matters, where we designed a teaching module tool to educate on key topics  such as online hate, giving families practical advice and encouraging more open conversations between parents and children. We are proud of the resources created and we wanted to highlight that this type of conversation should always be a two-way, open dialogue.
     
    I certainly want my son to be able to have those conversations with me and share his views so we can set boundaries together, talk about safety and security openly, and develop a better way forward that builds trust and honesty as he gets older and inevitably has more access to the online world.
     
    Our work with Internet Matters has been critical to enhancing our own understanding of how we should not only collectively work together but also how we face into this issue as a manufacturer that has a responsibility to ensure its product features reflect the needs of parents and guardians. When they take that first step of introducing their children to new technology and the internet, we hope to enable them to do so armed with as much knowledge and expertise as we can provide. We design our products with safety and security as a critical priority and we take pride in that.
     
    Q) What plans do Samsung have to mark Safer Internet Day this year?
     
    I think it’s important to say that we have made a huge amount of progress already – from a device manufacturer perspective, we want to listen to our customers on this issue and address their concerns. You will all be aware over the last year that there has been an increased focus on this issue from key stakeholders – the Government, media and online safety parent campaigners – to champion the need to do more and push more on this issue, and we have been taken part in many constructive debates and discussions.
     
    We’re doing this by using our communication channels to help raise awareness on the parental controls and safety settings available across Samsung’s products. We are also providing free online safety resources for teachers to use in schools through our Solve for Tomorrow Next Gen programme. Next Gen this year is aimed at 11-15 year olds, focusing on AI for secondary school teachers to help students explore the benefits and challenges of AI and better understand how to use AI responsibly.
     
    This year, we are also raising awareness of Safer Internet Day and the existing Samsung tools & resources available to our customers through our brand and marketing channels, in-store and on the large format Piccadilly Lights digital screen in London. We encourage people to check out our latest online safety guides and videos available on Samsung.com that will address the need for better and more simpler education for parents, guardians and young children.
     
    We are also inviting people to register for our ‘Let’s Talk Online Safety’ Panel discussion event on the 18th March, hosted at Samsung KX, to continue the momentum and conversation beyond tomorrow. One of our brilliant ambassadors, Fearne Cotton, will be holding a panel discussion where we will be exploring the challenges that we know young people face online and the role we can all play in supporting them.
     
    Q) Finally Deborah, what is your message to our customers about our future ambitions to help tackle this issue?
     
    I think we have to understand that the work should never be done, we understand that this is a critical moment in time where this issue has never been more important in the eyes of so many people. We are open to working with the Government, our partners and stakeholders, through our role within our Tech UK industry body, on initiatives that will really engage customers and have the reach and impact that creates meaningful conversations.
     
    We champion and encourage these conversations all year-round through our interactions with our customers, but also crucially through our educational initiatives, encouraging early conversations about responsible use of technology. It really is a long-term journey that we’re committed to, but there is still a lot work ahead of us, to help tackle online safety successfully.
     
    To attend our ‘Let’s Talk Online Safety’ Panel Event at Samsung KX, on Tuesday 18th March at 5.30pm, please register here: https://www.eventbrite.com/e/lets-talk-online-safety-hosted-by-fearne-cotton-tickets-1234746994499?aff=oddtdtcreator
     
    To learn more about Safer Internet Day, please go to: https://saferinternet.org.uk/safer-internet-day/safer-internet-day-2025
     

    MIL OSI Economics –

  • MIL-OSI Economics: Final Chance to Experience Samsung’s Galaxy Studio at Sandton City!

    Source: Samsung

    This is your final chance to immerse yourself in the future of mobile AI technology at Sandton City with Galaxy Studio. For the past couple of weeks, Samsung has been bringing an electrifying and interactive experience for visitors to explore the new Galaxy S25 Series setting a standard as a true AI companion [that understands your needs and preferences and provides a personalised AI experience with privacy ensured at every turn].
     

     
    With AI quickly becoming integrated into our daily lives, avoid FOMO and head over to Sandton City before studio concludes on Sunday, February 9.
     
    Get to Galaxy Studio, now, where you’ll be able to experience Samsung’s most intuitive mobile AI device redefining how we interact with the world in the most natural experience – almost as if you were communicating with a friend. Powered with the all-new One UI 7, the Galaxy S25 Series can understand the context of everything on your screen – from voice, images, etc.– to anticipating your needs and prompting next-step suggestions. Receive tailored actionable insights and suggestions based on your habits – generated-on-device – to make your day seamless from start to finish with Now Brief. See the information you need most, quickly and easily from your lock screens with Now Bar.
     
    And it doesn’t end there! The Galaxy S25 Series sets a new standard for mobile photography with the new 50MP ultrawide camera sensor, unleashing truly pro creation. Low light videos have never been clearer. PLUS, the 10-bit HDR recording offers four times richer colour expression, revealing intricate textures like never before.  The Galaxy S25 also introduces a range of photo and video editing tools including Audio Eraser which simplifies the removal of unwanted noise in videos [by isolating categories of sounds including voices, crowds, wind, music, nature and background noise, you can control what tone down or eliminate completely]
     

     
    A mobile AI leader, Samsung is committed to preparing for the future, ensuring Galaxy devices are designed to protect users as technology evolves. Knox Matrix provides protection across your connected device ecosystem – a vital safeguard in today’s hyperconnected, AI-powered world. But don’t just take our word for it, head on to Galaxy Studio and experience, for yourself, Samsung’s vision to change the way users interact with their phone – and their world.
     
    Whether capturing stunning photos, organising your schedule, or discovering how Galaxy AI can revolutionise your daily life, Galaxy Studio is a space where technology meets imagination.
     
    Come to Galaxy Studio for an exclusive hands-on experience and be taken to dazzling new heights of the Galaxy S25 Series. Admission is free.
     
    For more information and updates, follow Samsung South Africa on social media – @SamsungmobileSA (X, Instagram), Samsung South Africa (Facebook) or visit www.samsung.com/za.

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung Galaxy S25 Series Off to a Flying Start in India as Customers Queue Up to Take Deliveries

    Source: Samsung

     
    Samsung, India’s biggest electronics company, today said that it received a record response for its flagship Galaxy S25 series in India, resulting in over 430,000 pre-orders. The pre-orders for Galaxy S25 series are 20% higher as compared to Galaxy S24 series in India.
     
    “Galaxy S25 Ultra, Galaxy S25+ and Galaxy S25 smartphones set a new standard as true AI companions with Samsung’s most natural and context-aware mobile experiences ever created. We have seen strong demand for the Galaxy S25 series among young tech-savvy consumers, who are at the forefront of Galaxy AI usage. This year, we widened our flagship distribution network to 17,000 outlets, which has helped us tap demand in smaller cities,” said Raju Pullan, Senior Vice President, MX Division, Samsung India.
     
    Samsung is manufacturing Galaxy S25 series at its Noida factory for consumers in India. The success of Galaxy S25 series reinforces Samsung’s belief that consumers will increasingly adopt seamless and intuitive AI solutions that impact their daily lives. For Galaxy S25 consumers in India, Google’s Gemini Live will be available in Hindi since the start, underscoring the importance of India for Samsung.
     
    On the Galaxy S25 series, AI agents with multimodal capabilities are integrated within the One UI 7 platform to perform complex tasks seamlessly across apps and enable natural user interactions through speech, text, videos and images. Now Brief provides tailored suggestions to guide through the day and Now Bar offers a new hub for ongoing activities. From enhanced productivity with Writing Assist to limitless creativity unleashed by Drawing Assist, the expanded capabilities of Galaxy AI continue to empower users in every aspect of their daily lives.
     
    Interactions with the Galaxy S25 series are also more intuitive. With just a single command, Gemini can effortlessly find a user’s favorite sports team’s schedule and add it to Samsung Calendar. Additionally, Google’s enhanced Circle to Search now gives users more helpful information with AI Overviews and one-tap actions.
     
    The Galaxy S25 series further refines and enhances the core capabilities that define the Galaxy experience. Powering the Galaxy S25 series globally, the Snapdragon® 8 Elite Mobile Platform for Galaxy fuels on-device processing for more responsive AI experiences. With unique customizations for Galaxy, including ProScaler9 and Samsung’s mobile Digital Natural Image engine (mDNIe), the Galaxy S25 series boasts enhanced AI image processing and display power efficiency. The newly introduced 50MP ultrawide camera sensor for the Galaxy S25 Ultra delivers epic shots from every range in exceptional clarity, while professional grade controls like Virtual Aperture and Samsung Log turn any photo or video into the ultimate visual experience.
     
    Starting February 7, the Galaxy S25 series will be available across retail stores and on Samsung.com as well as other online platforms. Galaxy S25 Ultra is available in Titanium Silverblue, Titanium Black, Titanium Whitesilver and Titanium Gray. Galaxy S25 and Galaxy S25+ come in Navy, Silver Shadow, Icyblue and Mint.

    MIL OSI Economics –

  • MIL-OSI Economics: Thales at the AI Action Summit: Trusted AI can change society

    Source: Thales Group

    Headline: Thales at the AI Action Summit: Trusted AI can change society

    At a time when much is expected of AI and its contribution to the security and sovereignty of nations, Thales offers a hybrid, explainable, cybersafe and frugal AI, which is already incorporated into more than 100 of its products. This technology is already delivering significant advances in the protection of infrastructure, optimisation of energy consumption and defence systems.

    “Thales is a key player in the field of trusted AI: our experts have developed a hybrid AI, which offers transparency, cybersecurity, energy efficiency and an ethical approach — unlike many AI systems that rely exclusively on large amounts of data and are particularly energy-intensive. Thales offers an augmented intelligence, which is capable of changing society,” said Patrice Caine, Chairman and CEO of Thales.

    Patrice Caine, Chairman and CEO of Thales, will take part in the dialogue between heads of state and government and business leaders at two roundtable sessions on AI and national security and on Europe’s AI champions.

    • On Tuesday 11th February, experts from cortAIx, Thales’s AI accelerator, will conduct exclusive demonstrations of the practical impacts of AI in 15 critical fields for official French and international delegations at the Thales Digital Factory. These AI-enabled solutions are designed to boost the performance of the most advanced systems and help humans make better decisions in crisis situations and high-stakes environments where data security and sovereignty are critical.

    These solutions are already available and show how AI can reduce the environmental footprint of air traffic, protect airports and major events, protect maritime traffic and infrastructure, and, in the defence sector, increase the effectiveness of operational assets/resources and accelerate the OODA loop (observe, orient, decide, act).

    Other events

    • On Tuesday 11th February, Thales’s Friendly Hackers team will take part in the Cyber Crisis Management Exercise organised by ANSSI, France’s national agency for information system security, at the Cyber Campus in Paris.
    • On Tuesday11th February, Thales will take part in two events:
      • Empowering AI Ecosystems through Strategic Autonomy: Lessons from Finland and France at Finnish Embassy in Paris.
      • Building Trust: Anticipating and Managing AI Risks, organised by the HEC Hub Digital and Axys in Paris.
    • On Monday 10th February, Thales will take part in Military Talks, organised by the French Ministry of the Armed Forces and the Ministerial Agency for Defence AI (AMIAD), dedicated to AI for defence applications.
    • As part of the Confiance.ai consortium, Thales is contributing to actions to expand the programme’s role internationally.
    • On Sunday 8th February, Thales took part in the AI Luminate conference: Evolving AI Safety for Economic Growth in Uncertain Times, ML Commons, AI Verify, LNE and Prism, in Paris.
    • On Thursday 6th February, Thales took part in the Presentation of AI Deliverables for Major French Groups, organised by French Tech Grand Paris and Wavestone in Paris.
    • On Friday 24th January, Thales took part in the French-German AI Industry Executives Dialogue, organised by the French Embassy in Berlin. This event resulted in a Call for Action, which will be presented at the AI Action Summit.
    • On Tuesday 21st January, ahead of the AI Action Summit, Thales organised a visit to its cortAIx research laboratory in Palaiseau with a presentation of its latest innovations for institutional stakeholders.

    Thales and AI

    Thales is a major player in trusted, cybersafe, transparent, explainable and ethical AI for armed forces, aircraft manufacturers and critical infrastructure providers. The Group files more patents than any other company in Europe in the field of AI for critical systems. It employs more than 600 engineers and 100 doctoral candidates specialising in AI. It is rganised within cortAIx, the Group’s accelerator for AI R&D and the integration of AI into sensors (sonars, radars, optronics, etc.) and complex systems. Over 100 of Thales’s products and services already incorporate AI components for defence, aerospace, cybersecurity and digital identity. Trusted, secure, sovereign AI from Thales is designed to ensure more efficient data analysis and decision support and speeds up the detection, identification and classification of objects and scenes of interest while taking account of the specific constraints of critical environments such as cybersecurity, embeddability and frugality.

    Thales is an active member of the AI ecosystem. It has strategic partnerships with academic research institutes and with other industry players, in particular as part of the Confiance.ai programme, and has put in place an ambitious charter on the ethical development and use of AI technologies.

    • In 2023, Thales’s Friendly Hackers Unit demonstrated its credentials at the CAID challenge (Conference on Artificial Intelligence for Defence) organised by the French defence procurement agency (DGA), which involved finding AI training data even when it had been deleted from the system to preserve confidentiality.
    • For the French defence procurement agency’s 2024 challenge, the Group’s Friendly Hackers Unit invented a new model to detect AI-generated deepfake images.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialising in three business domains: Defence & Security, Aerospace and Cyber & Digital.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.Thales has 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    LEARN MORE

    Ahead of France’s AI Action Summit, Thales unveils its latest innovations in trusted AI for critical systems | Thales Group

    Without proper cybersecurity protections, AI is a gamble we cannot afford (The Engineer)

    Developing AI systems we can all trust | Thales Group

    Thales speeds up its development of AI for defence | Thales Group

    Thales Group

    Consult related resources and documents in the Media Library

    Thales ​

    MIL OSI Economics –

  • MIL-OSI NGOs: Global: Nigerian residents take Shell to UK High court following 10-year fight for justice

    Source: Amnesty International –

    After a decade-long fight for justice, the Preliminary Issues Trial of Nigerian Law for Shell vs Ogale and Bille communities is set to take place at the UK High Court from 13 February to 10 March 2025.

    Ten years ago, residents from the Bille and Ogale communities in Nigeria claimed their livelihoods had been destroyed and homes damaged by hundreds of oil spills caused by Shell. The pollution caused widespread devastation to the local environment, killing fish and plant life, leaving thousands of people without access to clean drinking water.

    The communities brought their claims in the UK courts however Shell repeatedly delayed the case arguing it had no legal responsibility for any of the pollution. The delay has had a devastating effect on people’s lives.

    On 6 December 2024, the UK Court of Appeal gave the green light for the case finally to go ahead. Isa Sanusi, Amnesty International’s Country Director for Nigeria, said:

    “The Bille and Ogale communities of Nigeria’s Niger Delta oil-producing region have been living with the devastating impact of oil pollution for so long. Oil companies, particularly Shell, exposed them to multiple oil spills that have done permanent damage to farmlands, waterways, and drinking water – leaving them unable to farm or fish.

    “Water contamination and other impacts affect even babies that are in some cases born with deformities. These communities have been deprived of a good standard of living. They deserve justice and effective remediation, and I hope this long-overdue trial goes someway to providing it.”

    Amnesty International has published numerous reports, documenting the detrimental impact Shell’s operations are having on Nigerian communities. Going forward, Amnesty International is calling for Shell to conduct meaningful consultation with affected communities about its plans for disengagement. Shell must also provide a full remediation plan including details of all completed and ongoing clean-ups across its areas of operation, as well as adequate compensation for the severe and sustained harm affected communities have faced as a result of Shell’s operations in the Niger Delta.

    Background

    The two communities from Nigeria will be represented by Leigh Day. The Shell Preliminary Issues Trial of Nigerian Law will aim to resolve a number of Nigerian private and constitutional law questions, with a view to confirming the legal framework to be applied to the subsequent trial between Shell and the Ogale and Bille communities.

    The Court of Appeal heard the Shell Nigeria oil spill appeal on 8 October 2024. On 11 October 2024, the Court of Appeal ruled in favour of Nigerian communities over alleged pollution by oil giant Shell. On 6 December 2024, a full trial of Nigerian communities’ claims against Shell was given the go ahead.

    Over the past 20 years, Amnesty International has conducted extensive research and documented the human rights and environmental impact of Shell’s operations in the Niger Delta. In Amnesty’s 2023 report, Nigeria: Tainted Sale?, the organization recommended a series of safeguards to protect the rights of people potentially affected by Shell’s planned disposal of its oil interests in Nigeria.

    MIL OSI NGO –

  • MIL-OSI NGOs: Global/France: AI Action Summit must meaningfully center binding and enforceable regulation to curb AI-driven harms  

    Source: Amnesty International –

    Ahead of the AI Action Summit, which begins on February 10, Amnesty International’s Director of the technology and human rights programme, Damini Satija, said: 

    “With global leaders and tech executives gathering to attend the Artificial Intelligence (AI) Action Summit in Paris, the French government must not miss a crucial opportunity to make meaningful progress towards achieving human rights respecting AI regulation globally. Governments at the summit must not be swayed by corporate interests at the expense of those experiencing the sharpest human rights impacts of AI systems today.  

    “While France undertook a significant task in hosting the summit, the participation of civil society and human rights activists in the main summit agenda is wholly inadequate. The allocation of resources necessary to ensure a collaborative dialogue with representatives from the global majority, impacted communities, and human rights activists has not been prioritized.  

    “Lack of support by the summit organizers for human right advocates and community representatives in need of visas to enter France, exemplifies a lack of true commitment to engage in an equal dialogue with civil society particularly from Global Majority countries.  

    “If states are serious about an open, multi-stakeholder and inclusive approach around development, deployment and regulation of AI technologies, they must elevate and centre voices and priorities of impacted communities. 

    We are now living in a world that feels increasingly terrifying. The omnipresence of predictive algorithms, coupled with rising global backlash against civil liberties risks giving a carte blanche to tech companies, to operate without rules or guidelines. 

    Damini Satija, Programme Director, Amnesty Tech

    “State actors must also not be swayed by false ‘innovation vs regulation dichotomy’ parroted by tech companies and their executives to stifle human rights centric regulatory efforts. Governments must not ignore underlying systemic human rights issues heightened due to automation of our lives and roll-out of AI technologies. 

    “We are now living in a world that feels increasingly terrifying. The omnipresence of predictive algorithms, coupled with rising global backlash against civil liberties risks giving a carte blanche to tech companies, to operate without rules or guidelines. 

    “While governments present these announcements as ‘efficiency solutions’, they increasingly go hand in hand with austerity policies and the deployment of data-intensive AI technologies. Additionally, these systems also amplify pre-existing discrimination in society, ultimately leading to exclusion, inequalities, and the entrenchment of corporate power. 

    “There is ample evidence, along with investigations by civil society and journalists, exposing the grave consequences of AI technologies operating unchecked. From lethal autonomous weapons systems to facial recognition used for mass surveillance, and risk-scoring algorithms being used in the context of migration and the public sector for welfare distribution, it has become abundantly clear that the deployment and use of such technologies are incompatible with our rights and disregard human dignity.   

    “We must also acknowledge that the harms perpetuated by AI technologies have far-reaching consequences beyond the technologies themselves. The exploitative supply chains that fuel them, relying on inhumane labor practices and causing serious environmental damage, have created a disproportionate impact on people, particularly in the Global Majority. Given such devastating lasting effects of AI technologies, it is essential the impact of technologies is not just tackled within state boundaries, but also beyond. 

    “All AI regulation must also be free of loopholes and exemptions which risk violation of human rights. All public and private actors, including law enforcement, border management and national security bodies, must adhere to human rights standards throughout the whole lifecycle of AI technologies, including during research, development and testing phases of AI technologies.   

    “More importantly, people and communities impacted by AI must be empowered to seek redress and remedy. As prerequisite to effective remedy, impacted people should be guaranteed the right to information and explanation of AI-supported decision-making, including about the use and functioning of AI in the system.” 

    Damini Satija will be attending the AI Action Summit in Paris throughout its duration from 10 February to 11 February. She will be available for interviews on range of tech issues including: 

    a) Artificial Intelligence and algorithmic accountability 

    b) Artificial Intelligence regulation 

    c) Big Tech and policy 

    d) Spyware and surveillance 

    e) Children and Young people’s digital rights 

    Information for journalists: 

    Damini Satija is a technology, human rights and public policy expert. She is the Director of Amnesty Tech, the global human rights movement’s technology and human right’s programme which she originally joined to set up the Algorithmic Accountability Lab (an interdisciplinary unit investigating the impact of Artificial Intelligence technologies on human rights). Amnesty Tech works across a range of areas, most notably spyware and cyberattacks, surveillance, state use of AI and automation, big tech and social media accountability and children and young people’s rights in digital environments. Prior to her time at Amnesty International, Damini worked in a number of tech policy roles. She was most recently Senior Policy Advisor in the Center for Date Ethics & Innovation, the UK government’s independent expert body on data and AI policy and the UK’s policy expert at the Council of Europe’s committee on Artificial Intelligence and Human Rights.  

    For more information or to arrange an interview please contact Amnesty International’s press office: [email protected] 

    MIL OSI NGO –

  • MIL-OSI United Kingdom: Ministerial appointments: 10 February 2025

    Source: United Kingdom – Executive Government & Departments

    The King has been pleased to approve the following appointments.

    The King has been pleased to approve the following appointments:

    • Ashley Dalton MP as a Parliamentary Under-Secretary of State in the Department of Health and Social Care. 

    • The Rt Hon. Douglas Alexander MP jointly as a Minister of State in the Cabinet Office, in addition to his role as Minister of State in the Department for Business and Trade.

    • Lord Moraes OBE as a Lord in Waiting (Government Whip).

    • Lord Wilson of Sedgefield as a Lord in Waiting (Government Whip).

     Andrew Gwynne MP has left the government.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Press release: Ministerial appointments: 10 February 2025

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    The King has been pleased to approve the following appointments.

    The King has been pleased to approve the following appointments:

    • Ashley Dalton MP as a Parliamentary Under-Secretary of State in the Department of Health and Social Care. 

    • The Rt Hon. Douglas Alexander MP jointly as a Minister of State in the Cabinet Office, in addition to his role as Minister of State in the Department for Business and Trade.

    • Lord Moraes OBE as a Lord in Waiting (Government Whip).

    • Lord Wilson of Sedgefield as a Lord in Waiting (Government Whip).

     Andrew Gwynne MP has left the government.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Raksha Mantri Shri Rajnath Singh inaugurates India, iDEX & Karnataka Pavilions at Aero India 2025 in Bengaluru

    Source: Government of India (2)

    Posted On: 10 FEB 2025 4:18PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh inaugurated the India, iDEX and Karnataka Pavilions at Aero India 2025 in Bengaluru, Karnataka on February 10, 2025. The India Pavilion is showcasing the design, development, innovation and manufacturing capabilities of the domestic defence industries through state-of-the-art products and technologies. It signifies the ‘Flight of Self-Reliance’ which encapsulates synergy among the three Services and the space sector and India’s journey towards becoming a global aerospace and defence powerhouse. After the inauguration, Raksha Mantri visited  various stalls set-up in the pavilion and interacted with the representatives of the companies, inspecting their products.

    At the India Pavilion, more than 275 exhibits are being displayed through various mediums, represented by complete defence ecosystem of the country including Defence PSUs, design houses and private companies including MSMEs and start-ups. The exhibits at the Central Area include a striking display of marquee platforms including Advanced Medium Combat Aircraft, Combat Air Teaming System and Twin-Engine Deck-Based Fighter. 

    At the iDEX Pavilion, leading innovators are displaying indigenously-developed products spanning a wide range of advanced domains including Aerospace, DefSpace, Aero Structures, Anti-drone systems, Autonomous Systems, Robotics, Communication, Cybersecurity, Surveillance & Tracking, Unmanned Ground Vehicles etc. The Pavilion will also feature a dedicated section highlighting the winners of the ADITI (Acing Development of Innovative Technologies with iDEX) scheme, showcasing their ground-breaking works in critical and niche technologies.

    Raksha Mantri unveiled three publications – iDEX Report 2024, iDEX Coffee Table Book and iDEX Finance Manual on the occasion. The iDEX Report and Coffee Table Book highlight the key milestones of the defence innovation ecosystem, celebrating the contributions of innovators & stakeholders. The iDEX Finance Manual simplifies the existing finance procedures to enhance the pace of projects, and facilitate ease of doing innovation for the iDEX winners.

    The Karnataka Pavilion is showcasing cutting-edge technologies from the defence and aerospace industries from the state. These innovations highlight Karnataka’s robust ecosystem in defence and aerospace, supported by over 2,000 SMEs. Deputy Chief Minister of Karnataka Shri DK Shiva Kumar was present on the occasion.

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    VK/SPS/MJS/Savvy

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: WAVES AI Art Installation Challenge

    Source: Government of India (2)

    Posted On: 10 FEB 2025 4:06PM by PIB Delhi

    Pioneering the Fusion of Creativity and Artificial Intelligence

    Introduction

    The AI Art Installation Challenge, organised by the Internet and Mobile Association of India in partnership with the Ministry of Information and Broadcasting, is a pioneering competition that brings together artists, designers, and AI enthusiasts to explore the fusion of artificial intelligence and artistic expression. Participants are invited to create immersive and interactive installations using AI-driven tools and techniques, pushing the boundaries of creativity and innovation. The challenge aims to highlight AI’s transformative potential in the arts while fostering engagement with investors, collaborators, and industry leaders. By bridging art and technology, it positions India at the forefront of AI-powered creative expression.

    This challenge is part of the Create in India Challenges, a flagship initiative under the World Audio Visual & Entertainment Summit (WAVES), which serves as a global platform for innovation in the Media & Entertainment (M&E) industry. Led by the Ministry of Information and Broadcasting, it has attracted over 70,000 registrations. With 31 competitions launched, it fosters creativity and global participation. As a premier industry forum, it drives collaboration, trade opportunities, and India’s emergence as a global creative hub. The summit, set to take place from 1st to 4th May 2025 at Jio World Convention Centre & Jio World Gardens, Mumbai, will provide a launchpad for visionary ideas and emerging talent.

    Eligibility Guidelines

    Submission Requirements

     

    1. Submit a prototype or mockup showcasing the installation’s feasibility and interactivity.

     

    1. Include a project description outlining the process, inspiration, and AI techniques used.

     

    1. Provide visual representations, such as sketches or 3D models.

     

    1. Upload a short video (up to 5 minutes) explaining the concept and demonstrating any prototypes or simulations.

     

    1. Entry deadline: 15th March 2025.

     

    Evaluation Criteria

     

    Disqualification Criteria

     

    1. Plagiarism or use of unauthorized content
    1. Non-compliance with submission and eligibility guidelines

     

    References:

     

    1. https://wavesindia.org/challenges-2025
    2. https://eventsites.iamai.in/Waves/ai-art/
    3. https://pib.gov.in/PressReleasePage.aspx?PRID=2048202

    Click here to download PDF

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    Santosh Kumar/ Sarla Meena/ Saurabh Kalia

     

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    MIL OSI Asia Pacific News –