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  • MIL-OSI Russia: Six new regions of the Russian Federation are set to connect to Moscow’s AI medical services platform, MosMedAI

    Source: Center for Diagnostics and Telemedicine of the Moscow Health Department (MHD)

    The MosMedAI platform utilizes advanced artificial intelligence algorithms to assist healthcare professionals by highlighting potential pathologies in medical images through color-coded segmentation, along with generating radiology report.   These advanced solutions have undergone comprehensive testing and have been successfully implemented in hospitals for the past five years.

     Currently, over 75 percent of the country’s regions are utilizing medical services available on the MosMedAI platform. The integration of six new regions into this system marks a significant step toward the digital transformation of healthcare throughout the country. Sergey Sobyanin emphasized that the platform offers 17 AI-based services designed to enhance the speed and accuracy of diagnostic processes.

    The expansion of this AI-driven platform is part of a broader initiative to modernize healthcare delivery in Russia, improving access and quality for patients nationwide. This development was announced by the Mayor of Moscow, Sergey Sobyanin via his Telegram channel.

    MIL OSI Russia News –

  • MIL-OSI Russia: Moscow Leads in Transport Innovation with Autonomous Tram and Smart Contracts

    Source:  Moscow Metro

    Moscow continues to set new standards in transport innovation with the first autonomous tram, now insured using a smart contract. This milestone marks a first in Russia, made possible through a three-party agreement between the Moscow Metro, VTB Bank, and SOGAZ Insurance.

    Maksim Liksutov announced that the introduction of smart contract technology in urban transport insurance enhances transparency, efficiency, and security. The system allows for potential future transactions in digital rubles, aligning with Moscow’s broader push for technological advancements.

    Key benefits of smart contracts in transport insurance:

    Transparent execution and automation

    Elimination of human error

    Full control over targeted fund allocation

    “A smart contract is a self-executing algorithm that ensures all contractual obligations are met. This agreement became possible thanks to a collaboration between Moscow Mayor Sergey Sobyanin and the First Deputy Chairman of the Central Bank of Russia. By automating document workflows, we can accelerate contract execution and insurance settlements,” — said Maksim Liksutov.

    Moscow’s push for autonomous transport is driven by the Research and Development Center for Autonomous Transport, a hub for pioneering technological advancements. Located within the Moscow Center for Advanced Development in the Kuntsevo district, the facility was inaugurated by Mayor Sergey Sobyanin in May last year.

    The center is equipped with:

    A state-of-the-art laboratory for testing autopilot systems

    High-performance servers for tram behavior simulations and neural network training

    A 3D printer for prototyping sensor mounts and other components

    Experts at the center, many with backgrounds in leading Russian and international companies, are developing the software powering Moscow’s autonomous transport. Thanks to their work, the first autonomous tram in Russia has already been successfully launched.

    “This is a unique development for Europe, and it belongs entirely to the Moscow Government. We continue to lead in transport technology, integrating smart solutions that enhance efficiency and passenger experience,” — added Maksim Liksutov.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Golden Week visitors reach 1.4m

    Source: Hong Kong Information Services

    The interdepartmental working group on festival arrangements today said that the overall number of visitors to Hong Kong reached around 1.4 million for the Chinese New Year Golden Week of the Mainland from January 28 to yesterday, with various arrangements for receiving visitors rolling out smoothly.

    During the eight-day Golden Week, the Immigration Department recorded around 1.4 million inbound visitors to Hong Kong through sea, land and air control points, with Mainland visitors accounting for about 1.2 million. The daily average of Mainland visitors was around 150,000.

    Visitor arrivals peaked at around 190,000 on January 30, the second day of the Lunar New Year. The Express Rail Link West Kowloon Control Point received the highest number, followed by the Lok Ma Chau Spur Line Control Point.

    They visited different parts of Hong Kong during Golden Week, with high visitor flow seen at major tourist attractions, including the West Kowloon Cultural District, Ocean Park, Hong Kong Disneyland, the Peak Tram and Ngong Ping 360.

    The hotel occupancy rate during this period generally reached 90%, according to industry information.

    While the Travel Industry Authority revealed that over 2,200 Mainland inbound tour groups came to the city during Golden Week, with around 83% engaging in overnight itineraries. These tour groups covered around 79,000 visitors, accounting for about 7% of all Mainland visitors.

    Chief Secretary Chan Kwok-ki, who leads the interdepartmental working group, noted that the wide range of celebration events held in Hong Kong during this period were well received by the public and visitors alike.

    The events included the Cathay International Chinese New Year Night Parade, the fireworks display, the Chinese New Year Raceday and the Chinese New Year Cup football match, taking place on the first four days of the Lunar New Year respectively.

    “Thanks to the collaboration of relevant government departments, organisations and the trade as well as the co-operation of the public and tourists, the reception arrangements operated smoothly this year, enabling citizens and tourists to celebrate the Chinese New Year in Hong Kong in a joyous and festive manner,” Mr Chan added.

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: AFRICA/GHANA – A debate in Parliament revives the question of the incompatibility between the Catholic faith and membership in Freemasonry

    Source: Agenzia Fides – MIL OSI

    Accra (Agenzia Fides) – Since the end of January, various statements have been made by bodies of the Catholic Church in Ghana, aimed at reaffirming the incompatibility between the Catholic faith and membership in Freemasonry. The issue arose during the parliamentary hearings for the appointment of the Minister of Youth Development and Emancipation, George Opare Addo. During the debate, minority leader, Afenyo-Markin, asked if Opare Addo was a Freemason, to which he responded by openly acknowledging his membership in Freemasonry.The admission generated mixed reactions, and the Archdiocese of Accra reiterated, in a note issued on January 26, that Catholics cannot associate with Freemasonry. In response, Afenyo-Markin, who professes the Catholic faith, indicated that he had not received official communication from the Church regarding his membership in Masonic organizations.”My Archbishop Palmer-Buckle (Archbishop of Cape Coast) has not written any letter to me,” Afenyo-Markin said in an interview on January 29. “I have been seeing letters flying around, but nobody has written to me personally,” the leader of the parliamentary opposition said. The Ghana Bishops’ Conference intervened in the matter through a statement released to the press on January 31, in which it reaffirmed the official position of the Church on the incompatibility between the Catholic faith and Freemasonry. Referring to the teachings of various pontiffs – since the Bull of Clement XII, dated April 28, 1738 – to the provisions of the Code of Canon Law and to the declarations of the then Congregation (later Dicastery) for the Doctrine of the Faith, the note reminds “the faithful that, according to the doctrine of the Church, membership in Masonic organizations is a grave matter that can lead to spiritual harm. Those who may be involved in such associations are strongly encouraged to reconsider their membership to live fully in the light of the Gospel.”“The position of the Catholic Church with regard to Freemasonry is that it is a religion in its own right, with doctrines that are irreconcilable with Christian doctrines.Freemasonry also promotes a form of universalism that ignores the unique role of Jesus in the salvation of mankind. In many cases also, it offers a syncretistic view of religion that undermines the exclusive claims of the Christian faith.”In reaction to these statements, a senior Masonic dignitary, John Edusei, Assistant Provincial Grand Master of the North of the Grand Lodge of Ghana, responded to these latest statements. Edusei, who also professes to be a Catholic, recalls the official statements of the United Grand Lodge of England (UGLE), which read: “Freemasonry is not a religion, nor is it a substitute for religion. There is no separate Masonic god, and there is no separate proper name for a deity in Freemasonry.” To avoid confusion between Freemasonry and Catholic orders of chivalry, the Knights of St. John International and Ladies’ Auxiliary of Ghana have issued a clarifying note. In it, they emphasize that it is “a renowned Catholic association that operates under the auspices of the under the auspices of the Catholic Church worldwide and that firmly maintains the position of the Church against Catholics’ membership of the Freemasonry.” (L.M.) (Agenzia Fides, 5/2/2025)
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  • MIL-OSI Europe: ASIA/TAIWAN – Appointment of auxiliary bishop of Taipei

    Source: Agenzia Fides – MIL OSI

    Wednesday, 5 February 2025

    Vatican City (Agenzia Fides) -The Holy Father has appointed the Reverend Peter Chao Yung-Chi, of the clergy of the diocese of Chiayi, until now episcopal chancellor and parish priest of the Cathedral of Saint John in Chiayi, as auxiliary bishop of Taipei, Taiwan, assigning him the titular see of Rusgunie.Msgr. Peter Chao Yung-Chi was born on 28 March 1973 in Taichung City, Taiwan. He was awarded a bachelor’s degree in philosophy and in theology at the Saint Robert Bellarmine Faculty and a licentiate in religious studies from the Department of Religious Studies of Fu Jen Catholic University.He was ordained a priest on 3 February 2001, for the diocese of Chiayi.He has held the following offices: parish priest of the Cathedral of Saint John, Chiayi (2001-2002), deputy parish priest of Our Lady of Sorrows, Chiayi (2002-2003), vice rector of the regional seminary of Taiwan (2003-2015), parish priest of Immaculate Conception and of Saint Catherine, Dalin (2015-2022), and chaplain of the Anna Nursing Home and the Chung-Jen Junior College of Nursing, Health Science and Management, Chiayi (2016-2022). Since 2016 he has served as chancellor of the diocese of Chiayi and, since 2023, parish priest of the Cathedral of Saint John, Chiayi. (EG) (Agenzia Fides, 5/2/2025)
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  • MIL-OSI Europe: ASIA/INDIA – Food and “certain hope” for the poor, in the spirit of the Jubilee: the Capuchin mission in Tamil Nadu

    Source: Agenzia Fides – MIL OSI

    Dindigul (Agenzia Fides) – The “Assisi Free Food Support” initiative aims to offer food to the neediest students in rural areas, those who cannot afford even one meal a day, as well as to those who share this situation of deprivation. This initiative is launched today, February 5, at Anugraha College (whose name means “Providence of God”), a center run by the Capuchin Fathers in the diocese of Dindigul, in Tamil Nadu, and is presented as a prophetic gesture for the Jubilee Year. “We intend to demonstrate in a concrete way our closeness to the poorest, in the spirit of the Jubilee that announces hope to those in need,” says Father George Bernardshaw Jesudass OFM. Cap, director of the school, which houses 900 young people between 18 and 23 years old. The centre, dedicated to guiding students from rural families in their formation and higher education, is affiliated with the Kamaraj University of Madurai. “We are happy and receive support from both the friars of the Mary Queen of Peace Province and others, since any kind of help is prescious in order to generate a positive impact in the lives of our students and ensure the basis of food security necessary for study,” adds the friar, who is also Provincial Vicar. The initiative reflects the inclusive approach of the Indian Capuchins, especially in favour of the most disadvantaged in rural areas, without ethnic, cultural or caste distinctions. “When we are in heaven, the doors will be open to all, regardless of culture, language, social status or caste,” recalls Father Bernardshaw. “The caste mentality persists in society and even in some hierarchical structures of the Church, which represents a danger for the Catholic community. We, as Capuchin friars, do not impose barriers or hierarchies in our relationship with our neighbours; we are close to everyone and our doors remain open,” he says. The director reports that the province, made up of 150 Franciscan religious, is committed to various areas of the apostolate: “from aid and solidarity towards the needy, psychological and social counselling, the management of homes for abandoned elderly people and the mentally ill, to assistance to victims of addictions, especially among young people addicted to drugs or alcohol, without forgetting the important field of education, through schools that accompany the growth of students from rural families. This apostolate allows the friars to stay close to the people and to be widely appreciated.”“In the name of Francis of Assisi, we also try to give people that ‘certain hope’ that he preached,” explains the provincial father, Fr Arockiadoss Savarimuthu. The Capuchin friars have been present in India for almost 400 years. Their journey in the country is divided into four phases: at first, they were directly linked to the Sacred Congregation of Propaganda Fide (1632-1887); later, their missionary activities were promoted through provinces of other nations (1887-1982); then, with the birth of the “Commissariat of India”, Capuchin provinces were developed throughout the country (1922-1963); and, finally, the Indian Capuchins were consolidated and spread in their own land, also carrying out missions ad gentes (1963-today). During almost 400 years of mission, the friars have baptized thousands of people, founded various dioceses, contributed to the formation of the local clergy and erected 13 cathedrals, which remain a clear testimony of their dedication to the mission and to the Church in India. It is common for Capuchin convents to have annexes as charity centres, centres for social development and apostolic activities, also in the cultural field, through the publication of works of Franciscan theology and spirituality in the local language. Among the significant dates of this long history, the beginning of the Capuchin mission in India in 1632 stands out, marked by the landing of Brother Ephrem de Nevers, from France, in Madras, in the south of the country; and, later, in 1703, the missionary landing in Tibet and Nepal by Italian Capuchins from Le Marche area. In 2021, the friars celebrated the centenary of the opening of the first novitiate in India. (PA) (Agenzia Fides, 5/2/2025)
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  • MIL-OSI Europe: VATICAN/GENERAL AUDIENCE – Pope Francis: memory, mercy and promise are key words for the action of God in history

    Source: Agenzia Fides – MIL OSI

    Wednesday, 5 February 2025

    Vatican Media

    Vatican City (Agenzia Fides) – Memory, mercy, promise: these are the three key words for those who, like the Virgin Mary, recognize the action of God the Father in the history of humanity, said Pope Francis during today’s general audience in the Paul VI Hall.The Pope, who had a cold, did not read the text of the catechesis himself: “I apologize,” explained Pope Francis, “because with this severe cold it is difficult for me to speak.” A member of the Secretariat of State read the address for the Pope, which dealt with the themes “Blessed is she who believed,” the Visitation and the Magnificat.When the Virgin Mary visits Saint Elizabeth, the Bishop of Rome said, “it is above all Jesus who visits his people in the womb of his mother… Mary sets out, she does not choose to protect herself from the world, she does not fear danger or the judgment of others, but goes out to meet people.” Because “when you feel loved, you experience a strength that carries love forward. As the Apostle Paul says, ‘the love of Christ compels us’ (2 Cor 5:14), it pushes us, it moves us.”The meeting of the two women, Mary and Elizabeth, “has an astonishing effect: the voice of the ‘full of grace’ who greets Elizabeth provokes a prophetic movement in the child in her womb and causes Elizabeth to pronounce a double blessing (“Blessed are you among women, and blessed is the fruit of your womb”). And a beatitude (“Blessed is she who believed that what the Lord had spoken to her would be fulfilled”). “In the face of the recognition of the messianic identity of her Son and her own vocation as a mother, Mary does not speak of herself but of God. She raises a hymn full of faith, hope and joy, a song that resounds daily in the evening prayer of the Church: the Magnificat,” said the Pope.This praise “is permeated with biblical echoes, a sign that Mary does not want to ‘fall out of line’ but rather to harmonize with the Fathers and to praise God’s mercy for the humble.” The strong presence of the Easter motif makes the Magnificat “also a song of redemption. The verbs are all in the past,” explained the Pope, because they are “permeated by a loving memory that fills the present with faith and illuminates the future with hope: Mary sings of the grace of the past, but she is also the woman of the present who carries the future in her womb.”And while the first part of the canticle “praises the action of God in Mary, who, as a microcosm of the people of God, follows the covenant perfectly”, the second part expands “to the work of the Father in the macrocosm of the history of his children” and “unfolds around three key concepts: memory – mercy – promise”.God has indeed “saved his people, beginning with the Exodus, and has let a continuous stream of merciful love flow over his covenant people ‘from generation to generation’, and now reveals the fullness of salvation in his Son, whom he sent to redeem his people from their sins. From Abraham to Jesus Christ and to the community of believers, Easter appears as the key hermeneutical dimension to understand each subsequent liberation, up to that accomplished by the Messiah in the fullness of time”, the Pope concluded.Only at the end of the audience, during the greetings in Italian, did the Pope take the floor again to repeat the appeal for peace in the clearest possible terms: “Let us think of the countries where war is raging: the tormented Ukraine, Israel, Sudan, so many countries that are suffering there. Let us think of the displaced people in Palestine and let us pray for them,” said the Pope. Shortly before, in the greetings in Polish, Don Giroli read another prayer intention of the Pope for peace: “I encourage you to pray for the priests and consecrated men and women who carry out their ministry in poor and war-torn countries, especially in Ukraine, the Middle East and the Democratic Republic of Congo. For many, this presence is proof that God is thinking of them.” (F.B.) (Agenzia Fides, 5/2/2025)
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  • MIL-OSI Security: Georgia Man Indicted for Firearm Charge in 2023 Shooting of SCHP Trooper

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    COLUMBIA, S.C. — A federal grand jury in Columbia returned a single-count indictment against Derrick Gathers, 38, of Augusta, Georgia, for being a felon in possession of a firearm.

    The indictment alleges that on April 16, 2023, Gathers possessed a firearm and ammunition during an incident where he shot at a South Carolina State Trooper. Gathers has been charged in state court for a number of other charges related to the incident. Gathers has a previous felony conviction that prevents him from possessing a firearm or ammunition.

    The trooper, Lance Corporal Frazier, has recovered.

    Gathers faces a maximum penalty of 15 years. Gathers was already detained on state charges.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the South Carolina Law Enforcement Division, Orangeburg County Sheriff’s Office, Dorchester County Sheriff’s Office, and the Bamberg Police Department.  Assistant U.S. Attorney Lamar Fyall is prosecuting the case.

    All charges in the indictment are merely accusations and defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Europe: AFRICA/SOUTH SUDAN – Local health authorities forced to suspend HIV & AIDS program in Yambio: thousands of lives at risk

    Source: Agenzia Fides – MIL OSI

    Wednesday, 5 February 2025

    Yambio (Agenzia Fides) – The suspension of the HIV & AIDS program in Yambio has placed thousands of lives at risk. Healthcare workers, patients, and local authorities are now calling for urgent intervention to restore funding and ensure continued access to life-saving treatment.Following the decision to halt the activities of the United States Agency for International Development (USAID) for 90 days, which makes the United States the main country for providing humanitarian aid, the Western Equatoria State Ministry of Health has confirmed the suspension of the HIV & AIDS program in Yambio due to funding cuts from the United States, leaving thousands of vulnerable individuals uncertain about their future.“The program was halted following decisions from the United States. I spoke with the program director of CMMB Yambio, and they assured me that discussions are ongoing. We expect to receive further updates soon,” said Health Minister James Abdallah Arona to the local press.The Minister expressed concern about the impact of the decision, emphasizing that the program was heavily reliant on international donors, including USAID and Sweden. “If funding stops, people will suffer. I urge the national government and our partners to engage donors to ensure continued support for our vulnerable population,” said Arona.According to reports, the HIV/AIDS prevalence in Western Equatoria is 6.8%. This is higher than the prevalence in the other states of the greater Equatoria region, which are Central Equatoria (3.1%) and Eastern Equatoria (4.0%).“We were instructed to halt all ongoing services. Before closing, we informed all county health departments about the development,” said the Prevention of Mother-to-Child Transmission (PMTCT) clinician from CMMB Yambio, Henry Biata Nzari. “The government must act swiftly to prevent further suffering. The community is highly vulnerable, and the impact of this suspension could be devastating,” he stressed.USAID was founded in 1961 with the aim of fighting global poverty, providing humanitarian assistance to countries affected by conflict or health emergencies, and supporting the development of democratic societies by improving their potential. Since the 1980s, USAID has worked in the areas of food security, the right to education and humanitarian assistance, focusing on combating the spread of pandemic threats and diseases such as HIV and malaria, as well as supporting maternal and child health. (AP) (Agenzia Fides, 5/2/2025)
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  • MIL-OSI Security: Kanawha County Man Pleads Guilty to Federal Gun Crime

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    CHARLESTON, W.Va. – Jason Douglas MaComber, 52, of St. Albans, pleaded guilty today to being a felon in possession of a firearm.

    According to court documents and statements made in court, on June 12, 2023, MaComber possessed a Remington model 870 Wingmaster 12-gauge shotgun in St. Albans.

    Federal law prohibits a person with a prior felony conviction from possessing a firearm or ammunition. MaComber knew he was prohibited from possessing a firearm because of his prior felony convictions for possession of dangerous drugs/controlled substances on November 20, 2007, possession of a firearm by a felon on June 24, 2014, and illegal firearm transportation on July 1, 2019, all in San Bernardino, California, Superior Court.

    The shotgun had a modified and shortened barrel. The short-barreled shotgun was not registered to MaComber in the National Firearms Registration and Transfer Record as required by federal law.

    MaComber is scheduled to be sentenced on April 22, 2025, and faces a maximum penalty of 15 years in prison, up to three years of supervised release, and a $250,000 fine.

    United States Attorney Will Thompson made the announcement and commended the investigative work of the South Charleston Police Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    United States District Judge Joseph R. Goodwin presided over the hearing. Assistant United States Attorney JC MacCallum is prosecuting the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:24-cr-148.

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    MIL Security OSI –

  • MIL-OSI: Stock Yards Bancorp to Participate in the KBW Winter Financial Services Conference

    Source: GlobeNewswire (MIL-OSI)

    LOUISVILLE, Ky., Feb. 05, 2025 (GLOBE NEWSWIRE) — Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Ja Hillebrand, Chairman and CEO, Phil Poindexter, President and T. Clay Stinnett, EVP and CFO, will participate in the Keefe, Bruyette & Woods’ Winter Financial Services Conference to be held February 12th to 14th, and will participate in a series of one-on-one meetings with institutional investors.

    Management’s discussion materials to be used at this conference will be posted to the investor section of the Company’s website, www.syb.com, on or before February 12, 2025.

    Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $8.86 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.”

    Contact:   T. Clay Stinnett
        Executive Vice President,
        Treasurer and Chief Financial Officer
        (502) 625-0890

    The MIL Network –

  • MIL-OSI United Kingdom: This announcement is straight out of an authoritarian playbook.

    Source: Green Party of England and Wales

    Green Party Co-Leader Adrian Ramsay MP has responded to the news that local elections in a number of parts of England this May will cancelled saying: “It’s hard to think of anything more anti-democratic than cancelling elections ahead of a significant change in local democracy. It’s straight out of an authoritarian playbook.

    “How can the Government claim an electoral mandate for these major changes if those most impacted see their elections cancelled?  

    “The Green Party is urging the Government to protect democracy, allow these long-planned elections to take place and get around the table with elected representatives of all parties to discuss how to make devolution work for people in local areas across the country. 

    “We want decisions closest to where they have the greatest impact with significant devolution of powers and funding from Westminster. That is the way to keep the vital connection between the politicians making decisions and those affected by them and avoid further alienation from the political process. The imposition of huge, remote councils against the will of local people would fly in the face of local democracy.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Closed notice to improve: The City Literary Institute

    Source: United Kingdom – Executive Government & Departments

    A financial health notice to improve issued to The City Literary Institute by the Education and Skills Funding Agency.

    Applies to England

    Documents

    Financial health notice to improve: The City Literary Institute

    PDF, 143 KB, 5 pages

    Details

    This notice to improve is now closed.

    This letter and its annex serves as a notice to improve financial health at The City Literary Institute.

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: ‘Tornado 2 Tempest’: Fighter jet component recycling project off to flying start

    Source: United Kingdom – Government Statements

    Individual parts from retired Tornado aircraft have been ground down and 3D printed into new components suitable for next generation Tempest fighter jets.

    A Tempest Jet flying over London.

    First-of-its-kind initiative shows how defence is an engine for growth and supports the government’s Plan for Change.

    Development could save money, support the UK defence industry and producer higher quality components.

    Individual parts from retired fighter jets have been ground down and 3D printed into new components suitable for the UK’s next generation of military aircraft – a first of its kind initiative for the Royal Air Force.

    The innovative recycling project has seen parts from old Tornado aircraft turned into powered metal and used to 3D print new components suitable for Tempest jets. This is a great example of UK-developed technology of the future, and demonstrates UK defence industry as an engine for growth and a key part of the Government’s Plan for Change.

    The development could save taxpayer money, reduce the UK’s reliance on global supply chains of critical and high value metals and produce components that are lighter, stronger, and longer lasting than those made through traditional forging techniques.

    Many of the Ministry of Defence’s surplus assets contain strategic metals, including high quality steel, aluminum, and titanium, and the Tornado 2 Tempest project team have been identifying whether some of these components could be atomised into powders – known as “feedstock” – for additive manufacturing to make new parts.

    Tornado parts containing titanium, including jet engine compressor blades from a low-pressure air compressor, were selected. They were cleaned, successfully atomised and recycled into a 3D printed nose cone and compressor blades by Additive Manufacturing Solutions Limited (AMS) for Orpheus – Rolls-Royce’s small engine concept that is part of the MOD’s Future Combat Air System (FCAS) programme delivering Tempest.

    The nose cone was fitted onto an Orpheus test engine and passed suitability and safety checks – demonstrating the technique has potential use in the sixth-generation jet.

    Minister for Defence Procurement and Industry, Maria Eagle said:

    The Tornado 2 Tempest project highlights the creativity, ingenuity and innovation defence employs in our approach to national security.

    By working with key industry partners, we can deliver savings, reduce reliance on global supply chains and ensure our Armed Forces have the very best kit to keep our country safe.

    Not only does this initiative have a positive impact on the environment and national security, it supports the domestic defence industry acting as an engine for growth, which is at the heart of Plan for Change.

    The project was led by Defence Equipment and Support’s (DE&S) Defence Recycling & Disposals Team (DRDT) in partnership with the MOD FCAS team, Rolls-Royce and AMS based in Burscough, Lancashire.

    The initiative also led to the creation of three jobs and sustained two at Small Medium-Sized Enterprise (SME), AMS. The business now expects to create 25 new jobs by offering the innovation to other suppliers.

    A team of more than 80 people participated in the project, including DRDT’s commercial graduates and Rolls-Royce graduate apprentices, combining current skills and innovative technologies to deliver and maintain future capabilities.

    Funded by UK Strategic Command’s Defence Support Organisation in relation to its Circular Economics for Defence Concept Note, the feat shows that turning old parts into new is viable and could bring huge benefits to the MOD and wider Defence, especially through increasing the accessibility of strategic metals to the UK Defence industry and suppliers.

    The MOD’s Chief of Defence Logistics and Support (CDLS) recently awarded the Tornado 2 Tempest Rolls-Royce Team a CDLS Commendation in recognition of their commitment and dedication to the delivery and improvement of support to the front line.

    The team also demonstrated a Digital Product Passport (DPP) by capturing and recording material provenance and lifecycle data. This can potentially enable more informed decisions around material allocation and protect against the use of counterfeit materials.

    Andrew Eady, Rolls-Royce VP FCAS Sustainability, said:

    The Tornado 2 Tempest project exemplifies the forward-thinking sustainability principles embedded in the FCAS Sustainability Strategy and MoD Defence Support Strategy.

    This project is bold, exciting and innovative, and a demonstration of exemplary collaboration between the MoD, industry and SME, furthering the drive for circular economy practices and innovative digital enablers in Defence.

    Robert Higham, AMS Director, said:

    At AMS our tagline is ‘Innovative Solutions for a Sustainable Future’ and we were confident our innovations and ideas would have a great bearing on the future of a resilient supply.

    This project turned our proposed solutions into a reality, and we have been very humbled and grateful to the MOD and Rolls Royce, for allowing us to showcase our capability to deliver game-changing circular economy processes and parts in Defence.

    Updates to this page

    Published 5 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: NobleAI Selected by ICL Industrial Products to Help Speed Discovery of Safe, High-Performance Materials

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 05, 2025 (GLOBE NEWSWIRE) — NobleAI, a pioneer in AI solutions for Materials Informatics, announced it has been selected by ICL Industrial Products to help drive the development of innovative chemical compounds for use in its flame retardants. NobleAI’s unique Science-Based AI modeling technology and powerful Visualizations, Insights & Predictions (VIP) platform are expected to help speed the discovery of new high-performance, sustainable compounds for ICL’s life-saving flame retardants, which are used in a multitude of industrial and consumer applications.

    Using NobleAI’s Science-Based AI models and VIP platform, ICL will be able to leverage AI to explore multiple new molecules in a more timely and cost-efficient manner versus lab-only development methods, which typically allow for testing of only a handful of new chemical compounds in a year. This effort will be in collaboration with Microsoft Azure Quantum Elements (AQE) and will accelerate ICL’s ability to identify and evaluate promising new compounds for the development of safer, more sustainable and innovative flame retardants.

    “We are honored to partner with a true industry leader like ICL and are excited to support them in their innovation journey,” said Sunil Sanghavi, CEO of NobleAI. “Their unwavering commitment to advancing safety and sustainability, while simultaneously achieving their cost and profitability goals, sets them apart as a global company dedicated to balancing environmental responsibility with economic success.”

    “ICL is in constant pursuit of new molecular formulations to help improve the performance and sustainability of our flame retardants,” said Yaniv Kabalek, president, Industrial Products Division, ICL. “By partnering with NobleAI, we can reduce wasted resources and speed time to market, while continuing to deliver the safest, highest performing products to our customers.” 

    About NobleAI 
    NobleAI offers commercially-proven AI solutions for Material Informatics powered by its unique, Science-Based AI (SBAI) technology. SBAI models are developed quickly, securely and specifically for each customer and a specific use case. Delivered via the cloud-based Visualizations, Insights & Predictions (VIP) Platform, NobleAI technology delivers actionable insights to accelerate product development and reduce costs, while improving product performance, sustainability and reliability. NobleAI is supported by investments from world-class organizations such as Microsoft, Chevron and Syensqo, and the company’s solutions are already delivering real value in production deployments at leading chemical, material and energy companies around the globe. 

    About ICL
    ICL Group Ltd. is a leading global specialty minerals company, which creates impactful solutions for humanity’s sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company’s growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2023 revenue totaled approximately $7.5 billion.

    The MIL Network –

  • MIL-OSI: Matador Acquires 3.46 Bitcoin for CAD$500,000, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 68.14

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA) announces that the Company has acquired an additional 3.46 bitcoin for CAD$500,000 (USD$344,257). The 3.46 bitcoin was acquired at an average price of USD$99,580 per bitcoin, inclusive of fees and expenses.

    This acquisition brings Matador’s Bitcoin holdings to approximately 68.14 bitcoin (and Bitcoin equivalents), reinforcing its long-term capital preservation strategy. The Company continues to operate debt-free, with all Bitcoin (and Bitcoin equivalent) holdings free and clear.

    The Company also maintains cash reserves of approximately CAD$1.8 million and physical gold holdings of 2 kilograms (approximately CAD$287,000), reflecting prudent financial management aimed at sustaining long-term growth and stability.

    Matador continues to integrate Bitcoin into its long-term strategy, reinforcing its role as a core treasury asset and the platform of choice for its upcoming digital gold platform.

    As Matador advances its growth strategy, the Company remains committed to expanding its treasury holdings of Bitcoin and gold, leveraging blockchain technology, and delivering long-term value for stakeholders.

    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 timing and nature of the launch of its mobile application as currently proposed or at all and the potential revenue generated therefrom. 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 and the receipt of all applicable regulatory approvals. 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: Dayforce Reports Fourth Quarter and Full Year 2024 Results1

    Source: GlobeNewswire (MIL-OSI)

    Dayforce® recurring revenue of $347.9 million, up 19% year-over-year in the fourth quarter

    Total revenue of $465.2 million, up 16% year-over-year in the fourth quarter

    Full year 2024 net cash provided by operating activities of $281.1 million, up 28%

    Annual Dayforce gross revenue retention rate of 98%

    MINNEAPOLIS and TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Dayforce, Inc. (“Dayforce” or the “Company”) (NYSE:DAY) (TSX:DAY), a global leader in human capital management (“HCM”) technology, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024.

    “2024 was a year of outstanding progress and innovation for Dayforce. We launched the Dayforce brand, maintained our product positioning as leaders in HCM, and drove significant innovation to help our customers achieve their best work,” said David Ossip, Chair and CEO of Dayforce. “We are optimistic about 2025 as current and prospective customers continue to recognize the value the Dayforce platform provides as they streamline HCM processes and navigate compliance complexities.”

    “The fourth quarter of 2024 was the strongest sales quarter in our history – helping us close out a successful year with robust growth across both new business and add-on sales,” said Stephen Holdridge, President and COO of Dayforce. “We saw a healthy mix of enterprise, major-market, and global sales on top of annual gross retention rate of 98% – another company record. This momentum, alongside the strength of our sales pipeline, gives us great confidence in our right to continue winning in 2025.” 

    “Looking out to 2025, we plan to continue executing on the vision laid out during our November investor day, operating the business for optimal cash generation while maintaining our pace of innovation and high levels of customer success,” said Jeremy Johnson, CFO of Dayforce. “I’m pleased that we are starting the year with demonstrable progress toward our profitability goals, raising our 2025 Adjusted EBITDA guidance 100 basis points to 32%.”

    Financial Highlights for the Fourth Quarter 20241

    • Total revenue was $465.2 million, an increase of 16.4%, or 17.0% on a constant currency basis.
    • Dayforce recurring revenue was $347.9 million, an increase of 19.1%, or 19.5% on a constant currency basis. Excluding float revenue, Dayforce recurring revenue was $307.6 million, an increase of 20.0%, or 20.4% on a constant currency basis.
    • Cloud recurring gross margin was 80.0%, compared to 77.0%, an increase of 3.0 percentage points. Adjusted Cloud recurring gross margin was 80.4%, compared to 78.1%, an increase of 2.3 percentage points.
    • Operating profit was $28.5 million, compared to $38.8 million. Adjusted operating profit was $103.3 million, compared to $78.9 million.
    • Net income was $10.8 million, compared to $45.6 million. Adjusted net income was $97.1 million, compared to $80.3 million.
    • Adjusted EBITDA was $129.2 million, compared to $99.2 million. Adjusted EBITDA margin was 27.8%, compared to 24.8%, an increase of 3.0 percentage points.
    • Diluted net income per share was $0.07, compared to $0.29. Adjusted diluted net income per share was $0.60, compared to $0.50.

    Financial Highlights for the Full Year 20241

    • Total revenue was $1,760.0 million, an increase of 16.3%, or 16.7% on a constant currency basis.
    • Dayforce recurring revenue was $1,339.9 million, an increase of 20.6%, or 20.8% on a constant currency basis. Excluding float revenue, Dayforce recurring revenue was $1,159.7 million, an increase of 20.4%, or 20.7% on a constant currency basis.
    • Cloud annualized recurring revenue (“ARR”) was $1,474.1 million, an increase of 17.9%, or $223.5 million.2
    • Cloud recurring gross margin was 78.9%, compared to 77.0%, an increase of 1.9 percentage points. Adjusted Cloud recurring gross margin was 79.8%, compared to 78.3%, an increase of 1.5 percentage points.
    • Operating profit was $104.1 million, compared to $133.1 million. Adjusted operating profit was $410.5 million, compared to $339.8 million.
    • Annual Dayforce gross revenue retention rate was 98.0% for the full year of 2024, compared to 97.1%.2
    • Net income was $18.1 million, compared to $54.8 million. Adjusted net income was $315.8 million, compared to $238.7 million.
    • Adjusted EBITDA was $501.5 million, compared to $410.2 million. Adjusted EBITDA margin was 28.5%, compared to 27.1%, an increase of 1.4 percentage points.
    • Diluted net income per share was $0.11, compared to $0.35. Adjusted diluted net income per share was $1.97, compared to $1.51.
    • Net cash provided by operating activities was $281.1 million, compared to $219.5 million.
    • Free cash flow was $171.5 million, compared to $105.1 million. Free cash flow margin was 9.7%, compared to 6.9%, an increase of 2.8 percentage points.
    • Cash and equivalents were $579.7 million, compared to $570.3 million.

    Supplemental Detail

    • 7.62 million global employees were live on the Dayforce platform as of December 31, 2024, up 11.4% compared to 6.84 million global employees as of December 31, 2023.3
    • 6,876 customers were live on the Dayforce platform as of December 31, 2024, an increase of 146 customers since September 30, 2024 and an increase of 483 customers since December 31, 2023, or 7.6% year-over-year.3
    • Dayforce recurring revenue per customer was $163,101 for the trailing twelve months ended December 31, 2024, an increase of 11.1%.4
    • The average float balance for Dayforce’s customer funds during the quarter was $4.68 billion and the average yield on Dayforce’s float balance was 3.8%, a decrease of 10 basis points year-over-year. Float revenue from invested customer funds was $45.1 million for the three months ended December 31, 2024.
    • The average U.S. dollar to Canadian dollar foreign exchange rate was $1.40 for the three months ended December 31, 2024, compared to $1.36 for the three months ended December 31, 2023. Dayforce presents percentage change in revenue on a constant currency basis in order to exclude the effect of foreign currency rate fluctuations, which it believes is useful to management and investors. Percentage change in revenue was calculated on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period.

    1 The financial highlights are on a year-over-year basis, unless otherwise stated. All financial results are reported in United States (“U.S.”) dollars and in accordance with accounting principles generally accepted in the U.S. (“GAAP”), unless otherwise stated.
    2 Excluding Ascender and eloomi.
    3 Excluding Ascender, ADAM HCM, and eloomi.
    4 Excluding float revenue, Ascender, ADAM HCM, and eloomi revenue, and on a constant currency basis. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.

    Business Highlights

    • The Company launched its first mass advertising campaign across the U.S. after uniting its global brand as Dayforce.
    • Dayforce announced the launch of the Dayforce Partner Network to create growth opportunities and provide an exceptional experience for customers.
    • Dayforce was named a Leader in the IDC MarketScape – Worldwide Cloud-Enabled Human Capital Management 2024 Vendor Assessment and a Leader in the Nucleus Research Full Suite Talent Acquisition Technology Value Matrix 2024.
    • Dayforce won the gold medal and was named a Leader in Software Reviews Data Quadrant Awards for both HCM Enterprise Software and WFM Enterprise Software and was recognized by Constellation Research for excellence in Workforce Management Suites, HCM Suites with a North American Focus, Global HCM Suites, and Payroll for North American SMBs.
    • For the second consecutive year, Dayforce was named by Newsweek magazine and the Best Practice Institute as one of the Top 100 Most Loved Workplaces in America, made Computerworld’s list of Best Places to Work in IT, and earned a place on the United Kingdom’s (“U.K.”) Most Loved Workplace list.
    • Dayforce achieved record attendance at Dayforce Discover 2024, its annual customer conference in Las Vegas, where it welcomed its global community of customers, prospective customers, partners, and industry disruptors.

    Sales Highlights

    • A large member-owned retail cooperative selected the full Dayforce suite to support all 66,000 employees at 362 stores across nine states in the U.S.
    • A large global manufacturer and distributor of paints and coatings supporting 60,000 employees has expanded its partnership with Dayforce Payroll and Workforce Management for its regions beyond the U.S.
    • A global air services provider with over 48,000 employees across 35 countries has expanded its partnership with Dayforce to its U.S. operations. The company, which employs 3,200 in the U.S., has purchased the full suite of Dayforce products, including Managed Payroll.
    • A space exploration company selected Dayforce Payroll and Time and Attendance to support its 18,000 employees.
    • A global manufacturer of construction equipment selected Dayforce for Managed Payroll and Time and Attendance, supporting 6,500 employees and 500 pensioners globally.
    • A large Indigenous organization in the U.S. selected the full Dayforce suite to support 5,000 employees across Arizona, New Mexico, Utah, and Colorado.
    • A specialty food distributor with 5,000 employees across the U.S. and Canada has expanded its Dayforce partnership to include Advanced Experience Hub, Succession Planning, Co-Pilot, Career Explorer, Engagement, and Talent Acquisition Management.
    • A global beverage company has expanded its partnership with Dayforce choosing Time and Managed Payroll, to support 3,100 employees across the United States and Canada.
    • A global leader specializing in radiation detection, measurement, and monitoring solutions opted for the full Dayforce HCM suite to support its 3,000 employees globally.

    Customer Highlights

    • A global aviation services provider with over 55,000 employees across 36 countries has successfully gone live with Dayforce HR and Payroll for 8,000 employees in the U.K. and plans to continue its global rollout of the platform.
    • A leading American entertainment company with 23,000 employees successfully launched Dayforce Talent – Performance, Learning, Compensation, and Succession Planning – across its U.S. operations.
    • A leading U.K. contract catering and support services provider successfully implemented Dayforce HR and Payroll for its 10,500 employees.
    • A large public sector organization in North Carolina has gone live with Dayforce HR, Payroll, Benefits, Time, and People Analytics to support 8,000 employees.
    • A U.S gaming and digital entertainment company has successfully gone live with Dayforce HR, Payroll, Time and People Analytics, supporting 5,800 employees across the U.S. and Canada.
    • A global cybersecurity company has gone live with Dayforce HR, Payroll, and Time and Attendance, supporting 2,900 employees across the U.S.
    • A leading U.S. based commercial real estate company has successfully implemented Dayforce, using HR, Managed Payroll, Managed Benefits, Time and Talent to support its 2,650 employees.

    Product Roadmap Highlights

    In the fourth quarter, Dayforce continued to set a new standard for the HCM industry by bringing product capabilities to market to help organizations invest in their people and push their businesses forward.

    • 900+ compliance updates in 2024 further strengthen the company’s industry-leading position in compliance by addressing taxes, workers’ compensation, garnishments, dependent care, and multiple state and city rate changes.
    • New intelligence capabilities across the Dayforce suite will help customers simplify and accelerate business processes including:
      • Dayforce Co-Pilot, made generally available to all customers in Q4, optimizes people operations by enabling a more informed, empowered, and productive workforce through a powerful GenAI assistant that is personalized to answer contextual questions, summarize data, and provide step-by-step guidance.
      • Dayforce Artificial Intelligence (“AI”) Agents, announced at Dayforce Discover, will help customers accelerate workflows, efficiencies, and decision-making by automating repetitive tasks across the employee lifecycle.
      • AI-enhanced Dayforce Demand Forecasting, a new capability, better predicts demand and labor needs by delivering AI-enhanced insights through machine learning algorithms to help organizations plan more effectively.
      • Dayforce Workforce Insights, a new feature, provides critical workforce insights and serves as a one-stop shop for people leaders.
    • Dayforce Shift Marketplace supercharges staffing mobility by enabling workers to search for, select, and fill open shifts, right from their mobile device. Shift Marketplace provides workers with the up-front information required to understand their role, work, and compensation.
    • Dayforce Talent enhancements elevate the experience for talent acquisition professionals by enabling them to hire at scale, reduce complexities in recruitment, and view qualified candidates quickly and efficiently.
    • Dayforce Wallet updates include new direct-to-bank functionality with the option to continue to access available pay using Dayforce Wallet or to choose to send pay directly to another personal bank account and expanded access to on-demand pay using Dayforce Mobile.

    Business Outlook

    Based on information available as of February 5, 2025, Dayforce is issuing the following guidance for the full year and first quarter of 2025 as indicated below. Comparisons are on a year-over-year basis, unless stated otherwise.

    First Quarter 2025 Guidance

    • Total revenue, excluding float, of $421 million to $427 million, an increase of approximately 13.5% to 15% on a GAAP basis, or approximately 15.5% to 17% on a constant currency basis.
    • Float revenue of $53 million.
    • Adjusted EBITDA margin of 31% to 32%.

    Full Year 2025 Guidance

    • Total revenue, excluding float, of $1,745 million to $1,760 million, an increase of approximately 11.9% to 12.8% on a GAAP basis, or approximately 14% to 15% on a constant currency basis.
    • Dayforce recurring revenue, excluding float, of $1,315 million to $1,340 million, an increase of approximately 13.4% to 15.5% on a GAAP basis, or approximately 15% to 17% on a constant currency basis.
    • Float revenue of $180 million.
    • Adjusted EBITDA margin of 32%.
    • Free cash flow margin of 12%.

    Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” section for a reconciliation of Dayforce’s free cash flow margin guidance. Dayforce has not reconciled the Adjusted EBITDA margin ranges for the first quarter or full year of 2025 to the directly comparable GAAP financial measures because applicable information for the future period, on which these reconciliations would be based, is not available without unreasonable efforts due to uncertainty regarding, and the potential variability of, depreciation and amortization, share-based compensation expense and related employer taxes, changes in foreign currency exchange rates, and other items.

    Foreign Exchange

    For the first quarter and full year of 2025, Dayforce’s guidance assumes an average U.S. dollar to key foreign currencies as follows:

      % of 2024 total
    revenue    		 Foreign exchange
    rate assumed in
    guidance    		 Foreign exchange rate
    in Q1 2024    		 Foreign exchange rate
    in FY 2024
    U.S. dollar to Canadian dollar 21% 1.44 1.35 1.37
    U.S. dollar to Australian dollar 4% 1.61 1.52 1.52
    U.S. dollar to Great British pound 3% 0.81 0.79 0.78
             

    Conference Call Details

    Dayforce will host a live webcast and conference call to discuss the fourth quarter and full year 2024 earnings at 8:00 a.m. Eastern Time on February 5, 2025. Those wishing to participate via the webcast should access the call through the Investor Relations section of the Dayforce website. Those wishing to participate via the telephone may dial in at 877-497-9071 (USA) or 201-689-8727 (International). The webcast replay will be available through the Investor Relations section of the Dayforce website.

    About Dayforce

    Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, Pay, Time, Talent, and Analytics equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.

    Forward-Looking Statements

    This press release contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-looking statements give Dayforce’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance, and business. Users can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements in this press release include statements relating to the full year and first quarter of 2025, as well as those relating to future growth initiatives. These statements may include words such as “anticipate,” “estimate,” “expect,” “assume”, “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events, but not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on assumptions that Dayforce has made in light of its industry experience and its perceptions of historical trends, current conditions, expected future developments and other factors that it believes are appropriate under the circumstances. As users consider this press release, it should be understood that these statements are not guarantees of performance or results. These assumptions and Dayforce’s future performance or results involve risks and uncertainties (many of which are beyond its control). In particular:

    • its inability to maintain its high Cloud solutions growth rate, manage its domestic and international growth effectively, or execute on its growth strategy;
    • the impact of disruptions to the movement of funds to initiate payroll-related transactions on behalf of  customers;
    • its failure to manage its aging technical operations infrastructure;
    • system breaches, interruptions or failures, including cyber-security breaches, identity theft, or other disruptions that could compromise customer information or sensitive company information, including its ongoing consent order with the Federal Trade Commission regarding data protection;
    • its failure to comply with applicable privacy, data protection, information security, and financial services laws, regulations and standards;
    • its inability to successfully compete in the markets in which Dayforce operates and expand its current offerings into new markets or further penetrate existing markets due to competition;
    • its failure to properly update its solutions to enable its customers to comply with applicable laws;
    • its failure to provide new or enhanced functionality and features, including those that may involve artificial intelligence or machine learning;
    • its inability to maintain necessary third-party relationships, and third-party software licenses, and identify errors in the software it licenses;
    • its inability to offer and deliver high-quality technical support, implementation, and professional services;
    • its inability to attract and retain senior management employees and highly skilled employees;
    • the impact of its outstanding debt obligations on its financial condition, results of operations, and value of its common stock;
    • its ability to maintain effective internal control over financial reporting, and the effect of the existing material weakness in its internal control over financial reporting on its business, financial condition, and results of operations; or
    • the impact of adverse economic and market conditions on its business, operating results, or financial condition.

    Although Dayforce has attempted to identify important risk factors, additional factors or events that could cause Dayforce’s actual performance to differ from these forward-looking statements may emerge from time to time, and it is not possible for Dayforce to predict all of them. Should one or more of these risks or uncertainties materialize, or should any of Dayforce’s assumptions prove incorrect, its actual financial condition, results of operations, future performance, and business may vary in material respects from the performance projected in these forward-looking statements. In addition to any factors and assumptions set forth above in this press release, the material factors and assumptions used to develop the forward-looking information include, but are not limited to: the general economy remains stable; the competitive environment in the HCM market remains stable; the demand environment for HCM solutions remains stable; Dayforce’s implementation capabilities and cycle times remain stable; foreign exchange rates, both current and those used in developing forward-looking statements, specifically U.S. dollar to Canadian dollar, remain stable at, or near, current rates; Dayforce will be able to maintain its relationships with its employees, customers, and partners; Dayforce will continue to attract qualified personnel to support its development requirements and the support of its new and existing customers; and that the risk factors noted above, individually or collectively, do not have a material impact on Dayforce. Any forward-looking statement made by Dayforce in this press release speaks only as of the date on which it is made. Dayforce undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

         
    Dayforce, Inc.
    Condensed Consolidated Balance Sheets
    (Unaudited)
         
      December 31,  
      2024     2023  
    (In millions, except per share data)          
    Assets          
    Current assets:          
    Cash and equivalents $ 579.7     $ 570.3  
    Restricted cash   —       0.8  
    Trade and other receivables, net   264.8       228.8  
    Prepaid expenses and other current assets   137.5       126.7  
    Total current assets before customer funds   982.0       926.6  
    Customer funds   5,001.5       5,028.6  
    Total current assets   5,983.5       5,955.2  
    Right of use lease assets, net   12.3       19.1  
    Property, plant, and equipment, net   223.7       210.1  
    Goodwill   2,336.7       2,293.9  
    Other intangible assets, net   189.2       230.2  
    Deferred sales commissions   231.8       192.1  
    Other assets   139.8       110.3  
    Total assets $ 9,117.0     $ 9,010.9  
               
    Liabilities and stockholders’ equity          
    Current liabilities:          
    Current portion of long-term debt $ 7.3     $ 7.6  
    Current portion of long-term lease liabilities   5.7       7.0  
    Accounts payable   77.0       66.7  
    Deferred revenue   42.3       40.2  
    Employee compensation and benefits   126.8       92.9  
    Other accrued expenses   31.5       30.4  
    Total current liabilities before customer funds obligations   290.6       244.8  
    Customer funds obligations   5,024.2       5,090.1  
    Total current liabilities   5,314.8       5,334.9  
    Long-term debt, less current portion   1,209.1       1,210.1  
    Employee benefit plans   5.9       27.7  
    Long-term lease liabilities, less current portion   10.8       18.9  
    Other liabilities   30.1       21.1  
    Total liabilities   6,570.7       6,612.7  
    Commitments and contingencies          
    Stockholders’ equity:          
    Common stock, $0.01 par, 500.0 shares authorized, 159.0 and 156.3 shares issued and outstanding, respectively   1.6       1.6  
    Additional paid in capital   3,363.2       3,151.1  
    Accumulated deficit   (335.8 )     (317.8 )
    Accumulated other comprehensive loss   (482.7 )     (436.7 )
    Total stockholders’ equity   2,546.3       2,398.2  
    Total liabilities and stockholders’ equity $ 9,117.0     $ 9,010.9  
                   
    Dayforce, Inc.
    Condensed Consolidated Statements of Operations
    (Unaudited)
               
      Three Months Ended December 31,     Year Ended December 31,  
      2024     2023     2024     2023  
    (In millions, except per share data)                      
    Revenue:                      
    Recurring $ 393.7     $ 339.1     $ 1,517.3     $ 1,297.3  
    Professional services and other   71.5       60.6       242.7       216.4  
    Total revenue   465.2       399.7       1,760.0       1,513.7  
    Cost of revenue:                      
    Recurring   87.6       85.5       352.7       324.9  
    Professional services and other   80.2       68.6       291.0       265.6  
    Product development and management   57.0       56.4       223.8       209.9  
    Depreciation and amortization   21.8       19.4       80.4       66.8  
    Total cost of revenue   246.6       229.9       947.9       867.2  
    Gross profit   218.6       169.8       812.1       646.5  
    Selling and marketing   93.5       72.7       342.0       250.2  
    General and administrative   96.6       58.3       366.0       263.2  
    Operating profit   28.5       38.8       104.1       133.1  
    Interest expense, net   7.4       8.9       40.6       36.1  
    Other expense (income), net   20.2       (5.6 )     25.9       1.0  
    Income before income taxes   0.9       35.5       37.6       96.0  
    Income tax (benefit) expense   (9.9 )     (10.1 )     19.5       41.2  
    Net income $ 10.8     $ 45.6     $ 18.1     $ 54.8  
    Net income per share:                      
    Basic $ 0.07     $ 0.29     $ 0.11     $ 0.35  
    Diluted $ 0.07     $ 0.29     $ 0.11     $ 0.35  
    Weighted average shares outstanding:                      
    Basic   158.3       156.2       157.8       155.3  
    Diluted   161.8       159.2       160.4       158.5  
                                   
    Dayforce, Inc.
    Condensed Consolidated Statements of Cash Flows
    (Unaudited)
         
      Year Ended December 31,  
      2024     2023  
    (In millions)          
    Cash flows from operating activities          
    Net income $ 18.1     $ 54.8  
    Adjustments to reconcile net income to net cash provided by operating activities:          
    Deferred income tax (benefit) expense   (34.1 )     4.1  
    Depreciation and amortization   209.8       132.5  
    Amortization of debt issuance costs and debt discount   4.2       4.4  
    Loss on debt extinguishment   4.3       —  
    Provision for doubtful accounts   10.1       5.4  
    Net periodic pension and postretirement cost   10.1       1.1  
    Share-based compensation expense   155.5       136.7  
    Change in fair value of contingent consideration   9.0       4.3  
    Other   0.1       1.0  
    Changes in operating assets and liabilities, excluding effects of acquisitions:          
    Trade and other receivables   (48.0 )     (48.3 )
    Prepaid expenses and other current assets   (3.3 )     (22.1 )
    Deferred sales commissions   (43.9 )     (39.5 )
    Accounts payable and other accrued expenses   15.7       9.3  
    Deferred revenue   (4.4 )     (1.3 )
    Employee compensation and benefits   12.8       (7.5 )
    Accrued taxes   (3.6 )     (4.7 )
    Payment of contingent consideration   (20.9 )     —  
    Other assets and liabilities   (10.4 )     (10.7 )
    Net cash provided by operating activities   281.1       219.5  
               
    Cash flows from investing activities          
    Purchases of customer funds marketable securities   (541.1 )     (528.1 )
    Proceeds from sale and maturity of customer funds marketable securities   353.4       445.5  
    Purchases of marketable securities   (16.2 )     (6.8 )
    Proceeds from sale and maturity of marketable securities   14.7       2.0  
    Expenditures for property, plant, and equipment   (14.3 )     (19.0 )
    Expenditures for software and technology   (95.3 )     (95.4 )
    Acquisition costs, net of cash acquired   (173.1 )     —  
    Other   —       (1.0 )
    Net cash used in investing activities   (471.9 )     (202.8 )
               
    Cash flows from financing activities          
    Increase in customer funds obligations, net   51.8       200.9  
    Proceeds from issuance of common stock under share-based compensation plans   56.6       49.0  
    Repurchases of common stock   (36.1 )     —  
    Proceeds from debt issuance   650.0       —  
    Repayment of long-term debt obligations   (648.3 )     (7.9 )
    Payment of debt refinancing costs   (11.4 )     —  
    Payment of contingent consideration   (3.0 )     —  
    Net cash provided by financing activities   59.6       242.0  
               
    Effect of exchange rate changes on cash, restricted cash, and equivalents   (36.3 )     11.5  
    Net (decrease) increase in cash, restricted cash, and equivalents   (167.5 )     270.2  
    Cash, restricted cash, and equivalents at beginning of period   3,421.4       3,151.2  
    Cash, restricted cash, and equivalents at end of period $ 3,253.9     $ 3,421.4  
               
    Reconciliation of cash, restricted cash, and equivalents to the
    consolidated balance sheets    		          
    Cash and equivalents $ 579.7     $ 570.3  
    Restricted cash   —       0.8  
    Restricted cash and equivalents included in customer funds   2,674.2       2,850.3  
    Total cash, restricted cash, and equivalents $ 3,253.9     $ 3,421.4  
               
    Supplemental cash flow information          
    Cash paid for interest $ 45.3     $ 52.4  
    Cash paid for income taxes   56.4       43.0  
    Cash received from income tax refunds   0.8       0.6  
                   
    Dayforce, Inc.
    Revenue Financial Measures
    (Unaudited)
                           
      Three Months Ended
    December 31,    		     Percentage
    change in
    revenue    		     Impact of
    changes in
    foreign
    currency
    (a)    		     Percentage
    change in
    revenue on
    a constant
    currency
    basis (a)    		  
      2024     2023     2024 vs.
    2023    		           2024 vs.
    2023    		  
      (In millions)                    
    Revenue:                            
    Recurring revenue:                            
    Dayforce recurring, excluding float $ 307.6     $ 256.4       20.0 %     (0.4 )%     20.4 %
    Dayforce float   40.3       35.7       12.9 %     (0.5 )%     13.4 %
    Total Dayforce recurring   347.9       292.1       19.1 %     (0.4 )%     19.5 %
    Powerpay recurring, excluding float   23.1       23.1       (— )%     (2.6 )%     2.6 %
    Powerpay float   4.4       5.0       (12.0 )%     (4.0 )%     (8.0 )%
    Total Powerpay recurring   27.5       28.1       (2.1 )%     (2.8 )%     0.7 %
    Total Cloud recurring   375.4       320.2       17.2 %     (0.7 )%     17.9 %
    Other recurring (b)   18.3       18.9       (3.2 )%     0.5 %     (3.7 )%
    Total recurring revenue   393.7       339.1       16.1 %     (0.6 )%     16.7 %
    Professional services and other (c)   71.5       60.6       18.0 %     (0.8 )%     18.8 %
    Total revenue $ 465.2     $ 399.7       16.4 %     (0.6 )%     17.0 %
    a) Dayforce has calculated percentage change in revenue on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.
    b) Float attributable to Other recurring was $0.4 million and $0.5 million for the three months ended December 31, 2024, and 2023, respectively.
    c) For the three months ended December 31, 2024, Professional services and other consisted of $69.4 million, $1.9 million, $0.2 million associated with Dayforce, Other, and Powerpay, respectively. For the three months ended December 31, 2023, Professional services and other consisted of $57.6 million, $2.7 million, and $0.3 million associated with Dayforce, Other, and Powerpay, respectively.
       
      Year Ended December 31,     Percentage
    change in
    revenue    		     Impact of
    changes in
    foreign
    currency
    (a)    		     Percentage
    change in
    revenue on
    a constant
    currency
    basis (a)    		  
      2024     2023     2024 vs.
    2023    		           2024 vs.
    2023    		  
      (In millions)                    
    Revenue:                            
    Recurring revenue:                            
    Dayforce recurring, excluding float $ 1,159.7     $ 962.9       20.4 %     (0.3 )%     20.7 %
    Dayforce float   180.2       148.2       21.6 %     (0.3 )%     21.9 %
    Total Dayforce recurring   1,339.9       1,111.1       20.6 %     (0.2 )%     20.8 %
    Powerpay recurring, excluding float   83.7       81.9       2.2 %     (1.6 )%     3.8 %
    Powerpay float   18.8       18.4       2.2 %     (1.6 )%     3.8 %
    Total Powerpay recurring   102.5       100.3       2.2 %     (1.6 )%     3.8 %
    Total Cloud recurring   1,442.4       1,211.4       19.1 %     (0.3 )%     19.4 %
    Other recurring (b)   74.9       85.9       (12.8 )%     (0.7 )%     (12.1 )%
    Total recurring revenue   1,517.3       1,297.3       17.0 %     (0.3 )%     17.3 %
    Professional services and other (c)   242.7       216.4       12.2 %     (0.3 )%     12.5 %
    Total revenue $ 1,760.0     $ 1,513.7       16.3 %     (0.4 )%     16.7 %
    a) Dayforce has calculated percentage change in revenue on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.
    b) Float attributable to Other recurring was $1.3 million and $2.1 million for the years ended December 31, 2024 and 2023, respectively.
    c) For the year ended December 31, 2024, Professional services and other consisted of $233.8 million, $8.5 million, and $0.4 million associated with Dayforce, Other, and Powerpay, respectively. For the year ended December 31, 2023, Professional services and other consisted of $202.1 million, $13.8 million, and $0.5 million associated with Dayforce, Other, and Powerpay, respectively.
       
    Dayforce, Inc.
    Share-Based Compensation Expense and Related Employer Taxes
    (Unaudited)
               
      Three Months Ended
    December 31,    		     Twelve Months Ended
    December 31,    		  
      2024     2023     2024     2023  
      (in millions)  
    Cost of revenue – Cloud $ 1.7     $ 3.5     $ 11.3     $ 15.4  
    Cost of revenue – Other   0.5       0.3       2.2       1.5  
    Professional services and other   2.5       3.7       14.2       17.2  
    Product development and management   7.6       6.8       32.6       32.5  
    Sales and marketing   9.1       4.5       36.3       23.5  
    General and administrative   16.8       —       60.0       47.0  
    Total $ 38.2     $ 18.8     $ 156.6     $ 137.1  
                                   
    Dayforce, Inc.
    Reconciliation of GAAP to Non-GAAP Financial Measures
    (Unaudited)
     
    The following tables reconcile Dayforce’s reported results to its non-GAAP financial measures:
         
      Three Months Ended December 31, 2024  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 75.2       80.0 %   $ 1.7     $ —     $ 0.1     $ 73.4       80.4 %
                                             
    Operating profit $ 28.5       6.1 %   $ 38.2     $ 32.5     $ 4.1     $ 103.3       22.2 %
                                             
    Net income $ 10.8       2.3 %   $ 38.2     $ 32.5     $ 15.6     $ 97.1       20.9 %
    Interest expense, net   7.4             —       —       —       7.4        
    Income tax benefit (c)   (9.9 )           —       —       (8.8 )     (1.1 )      
    Depreciation and amortization   58.3             —       32.5       —       25.8        
    EBITDA $ 66.6           $ 38.2     $ —     $ 24.4     $ 129.2       27.8 %
                                             
    Net income per share – diluted $ 0.07           $ 0.24     $ 0.20     $ 0.10     $ 0.60        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustment to operating profit consists of $4.1 million of restructuring expenses. The adjustments to net income also include $17.1 million of foreign exchange loss, $3.2 million of costs associated with the planned termination of its frozen U.S. pension plan, and a $8.8 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
      Three Months Ended December 31, 2023  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 73.7       77.0 %   $ 3.5     $ —     $ —     $ 70.2       78.1 %
                                             
    Operating profit $ 38.8       9.7 %   $ 18.8     $ 27.8     $ (6.5 )   $ 78.9       19.7 %
                                             
    Net income $ 45.6       11.4 %   $ 18.8     $ 27.8     $ (11.9 )   $ 80.3       20.1 %
    Interest expense, net   8.9             —       —       —       8.9        
    Income tax benefit (c)   (10.1 )           —       —       0.5       (10.6 )      
    Depreciation and amortization   48.4             —       27.8       —       20.6        
    EBITDA $ 92.8           $ 18.8     $ —     $ (12.4 )   $ 99.2       24.8 %
                                             
    Net income per share – diluted $ 0.29           $ 0.12     $ 0.17     $ (0.07 )   $ 0.50        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustments to operating profit consist of a $7.5 million gain related to the impact of the fair value adjustment for the DataFuzion contingent consideration, a $0.3 million gain related to the abandonment of certain leased facilities, and $1.3 million of restructuring expenses. The adjustments to net income also include $5.9 million of foreign exchange gain and a $0.5 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
      Year Ended December 31, 2024  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 303.7       78.9 %   $ 11.3     $ —     $ 1.0     $ 291.4       79.8 %
                                             
    Operating profit $ 104.1       5.9 %   $ 156.6     $ 120.0     $ 29.8     $ 410.5       23.3 %
                                             
    Net income $ 18.1       1.0 %   $ 156.6     $ 120.0     $ 21.1     $ 315.8       17.9 %
    Interest expense, net   40.6             —       —       —       40.6        
    Income tax expense (c)   19.5             —       —       (35.8 )     55.3        
    Depreciation and amortization   209.8             —       120.0       —       89.8        
    EBITDA $ 288.0           $ 156.6     $ —     $ 56.9     $ 501.5       28.5 %
                                             
    Net income per share – diluted $ 0.11           $ 0.98     $ 0.75     $ 0.13     $ 1.97        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustments to operating profit consist of $19.8 million of restructuring expenses, $9.0 million related to the impact of the fair value adjustment for the DataFuzion contingent consideration, and $1.0 million of fees associated with initiating the receivables securitization program. The adjustments to net income also include $14.2 million of foreign exchange loss, $12.9 million of costs associated with the planned termination of our frozen U.S. pension plan, and a $35.8 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
      Year Ended December 31, 2023  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 278.5       77.0 %   $ 15.4     $ —     $ —     $ 263.1       78.3 %
                                             
    Operating profit $ 133.1       8.8 %   $ 137.1     $ 60.5     $ 9.1     $ 339.8       22.4 %
                                             
    Net income $ 54.8       3.6 %   $ 137.1     $ 60.5     $ (13.7 )   $ 238.7       15.8 %
    Interest expense, net   36.1             —       —       —       36.1        
    Income tax expense (c)   41.2             —       —       (22.2 )     63.4        
    Depreciation and amortization   132.5             —       60.5       —       72.0        
    EBITDA $ 264.6           $ 137.1     $ —     $ 8.5     $ 410.2       27.1 %
                                             
    Net income per share – diluted $ 0.35           $ 0.86     $ 0.38     $ (0.09 )   $ 1.51        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustments to operating profit consist of $4.7 million of restructuring expenses, $4.3 million related to the impact of the fair value adjustment for the DataFuzion contingent consideration, and $0.1 million related to the abandonment of certain leased facilities. The adjustments to net income also include $0.6 million of foreign exchange gain and a $22.2 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
    Dayforce, Inc.
    Reconciliation of Free Cash Flow
    (Unaudited)
     
    The following table reconciles Dayforce’s reported results to free cash flow:
               
      Three Months Ended December 31,     Year Ended December 31,  
      2024     2023     2024     2023  
      (In millions)  
    Net cash provided by operating activities $ 81.0     $ 89.9     $ 281.1     $ 219.5  
    Capital expenditures   (26.8 )     (26.1 )     (109.6 )     (114.4 )
    Free cash flow $ 54.2     $ 63.8     $ 171.5     $ 105.1  
                           
    Operating cash flow margin (a)   17.4 %     22.5 %     16.0 %     14.5 %
    Free cash flow margin (b)   11.7 %     16.0 %     9.7 %     6.9 %
                                   

    The following table reconciles Dayforce’s free cash flow guidance:

      Year Ended December 31,
    2025    		  
      Low range     High range  
      (In millions)  
    Net cash provided by operating activities $ 334     $ 339  
    Capital expenditures   (105 )     (105 )
    Free cash flow $ 229     $ 234  
               
    Operating cash flow margin (a)   17.4 %     17.5 %
    Free cash flow margin (b)   11.9 %     12.1 %
    (a) Operating cash flow margin is determined by calculating the percentage that operating cash flow is of total revenue.
    (b) Free cash flow margin is determined by calculating the percentage that free cash flow is of total revenue.
       

    Non-GAAP Financial Measures

    Dayforce uses certain non-GAAP financial measures in this release including:

    Non-GAAP Financial Measure   GAAP Financial Measure
    EBITDA   Net income
    Adjusted EBITDA   Net income
    Adjusted EBITDA margin   Net profit margin
    Adjusted Cloud recurring gross margin   Cloud recurring gross margin
    Adjusted operating profit   Operating profit
    Adjusted operating profit margin   Operating profit margin
    Adjusted net income   Net income
    Adjusted net profit margin   Net profit margin
    Adjusted diluted net income per share   Diluted net income per share
    Free cash flow   Net cash provided by operating activities
    Free cash flow margin   Operating cash flow margin
    Percentage change in revenue, including total revenue and revenue by solution, on a constant currency basis   Percentage change in revenue, including total revenue and revenue by solution
    Cloud annualized retention rate   No directly comparable GAAP measure
    Dayforce revenue retention rate   No directly comparable GAAP measure
    Dayforce recurring revenue per customer   No directly comparable GAAP measure
         

    Dayforce believes that these non-GAAP financial measures are useful to management and investors as supplemental measures to evaluate its overall operating performance including comparison across periods and with competitors. Dayforce’s management team uses these non-GAAP financial measures to assess operating performance because these financial measures exclude the results of decisions that are outside the normal course of its business operations, and are used for internal budgeting and forecasting purposes both for short- and long-term operating plans. Additionally, Adjusted EBITDA is a component of its management incentive plan and Adjusted Cloud recurring gross margin and Adjusted operating profit are components of certain performance based equity awards for its named executive officers. Additionally, Dayforce believes that the non-GAAP financial measure free cash flow is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of Dayforce’s liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business. The exclusion of capital expenditures facilitates comparisons of Dayforce’s liquidity on a period-to-period basis and excludes items that management does not consider to be indicative of Dayforce’s liquidity.

    These non-GAAP financial measures are not required by, defined under, or presented in accordance with, GAAP, and should not be considered as alternatives to Dayforce’s results as reported under GAAP, have important limitations as analytical tools, and its use of these terms may not be comparable to similarly titled measures of other companies in its industry. Dayforce’s presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by similar items to those eliminated in this presentation. Please refer to Dayforce’s full financial results, including further discussion of non-GAAP financial measures, on the Investor Relations portion of its website at investors.dayforce.com.

    Dayforce defines its non-GAAP financial measures as follows:

    • EBITDA is defined as net income before interest, taxes, depreciation, and amortization, and Adjusted EBITDA is EBITDA, as adjusted to exclude share-based compensation expense and related employer taxes, and certain other items.
    • Adjusted EBITDA margin is determined by calculating the percentage Adjusted EBITDA is of total revenue.
    • Adjusted Cloud recurring gross margin is defined as Cloud recurring gross margin, as adjusted to exclude share-based compensation and related employer taxes, and certain other items, as a percentage of total Cloud recurring revenue.
    • Adjusted operating profit is defined as operating profit, as adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items.
    • Adjusted net income is defined as net income, as adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items, all of which are adjusted for the effect of income taxes.
    • Adjusted net profit margin is determined by calculating the percentage Adjusted net income is of total revenue.
    • Adjusted diluted net income per share is calculated by dividing adjusted net income by diluted weighted average common shares outstanding. When adjusted diluted net income per share is positive, diluted weighted average common shares outstanding incorporate the effect of dilutive equity instruments.
    • Free cash flow is defined as net cash provided by operating activities, as adjusted to exclude capital expenditures.
    • Free cash flow margin is determined by calculating the percentage that free cash flow is of total revenue.
    • Percentage change in revenue, including total revenue and revenue by solution, on a constant currency basis is calculated by applying the average foreign exchange rate in effect during the comparable prior period.
    • Cloud ARR is calculated by starting with recurring revenue at year end, excluding revenue from Ascender and eloomi, subtracting the once-a-year charges, annualizing the revenue for customers live for less than a full year to reflect the revenue that would have been realized if the customer had been live for a full year, and adding back the once-a-year charges. We have not reconciled Cloud ARR because there is no directly comparable GAAP financial measure.
    • Annual Dayforce revenue retention rate is calculated as a percentage, excluding Ascender and eloomi, where the numerator is the Dayforce ARR for the prior year, less the Dayforce ARR from lost Dayforce customers during that year; and the denominator is the Dayforce ARR for the prior year. We have not reconciled Annual Dayforce revenue retention rate because there is no directly comparable GAAP financial measure.
    • Dayforce recurring revenue per customer is an indicator of the average size of Dayforce recurring revenue customers. To calculate Dayforce recurring revenue per customer, we start with Dayforce recurring revenue on a constant currency basis by applying the same exchange rate to all comparable periods for the trailing twelve months and excludes float revenue, and Ascender, ADAM HCM, and eloomi revenue. This amount is divided by the number of live Dayforce customers at the end of the trailing twelve month period, excluding Ascender, ADAM HCM, and eloomi. We have not reconciled the Dayforce recurring revenue per customer because there is no directly comparable GAAP financial measure.

    Source: Dayforce, Inc.

    For further information, please contact:

    Investor Relations
    1-844-829-9499
    investors@dayforce.com

    Public Relations
    1-647-417-2117
    teri.murphy@dayforce.com

    The MIL Network –

  • MIL-OSI: The Hackett Group® Recognizes Employ as a Top Performer in its Talent Acquisition Software Provider Matrix™ 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 05, 2025 (GLOBE NEWSWIRE) — Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions including JazzHR, Lever and Jobvite, today announces its inclusion in the Hackett Group® Digital World Class® Matrix focused on the talent acquisition software marketplace.

    The Talent Acquisition Digital World Class® Matrix provides an in-depth guide to some of the biggest talent acquisition technology providers and how their solutions impact companies’ operations, recruiting effectiveness, and ultimately the success of the workforce. The report evaluated 15 providers for their capabilities and value delivered to clients based on vendor briefings and extensive customer interviews across 29 different criteria.

    JazzHR, Lever and Jobvite stood out as talent acquisition “top performers” for having a breadth of capabilities, strong improvements in hiring metrics post-implementation and delivering strong value for different types of streamlined hiring needs, whether that’s deep and complex, flexible and broad, or quick and simple.

    According to the report, adoption of emerging technologies (including AI) has significantly propelled performance improvements in HR organizations for recruiting outcomes and broader talent management alignment. Additionally, the report states that leading TA solutions are investing heavily in AI enablement across the hiring lifecycle and continue to leverage the broader technology ecosystem to augment existing capabilities and provide HR organizations with holistic capability enablement.

    “Being recognized in the Hackett Group® Talent Acquisition Digital World Class® Matrix is a testament to our commitment to innovation and proof that our work is empowering organizations to deliver better business outcomes,” said Dara Brenner, Chief Product Officer, Employ. “This acknowledgement helps reinforce our leadership in the talent acquisition space as a vendor of choice offering our customers multiple, personalized solutions to choose from, not just one, and elevates the value and results we bring throughout the full recruiting lifecycle journey.”

    “Employ has made tremendous progress across its capabilities and the unique value that each product brings to market,” said Matthew Merker, Senior Research Director, Human Capital Management Market Intelligence, The Hackett Group. “They are listening and reacting to what today’s talent acquisition leaders and recruiters need, offering choice and optionality as it relates to selecting a solution provider. Their product lines and new go-to-market strategy position them for growth from SMB to the enterprise level going into 2025.”

    To learn more about Employ and its JazzHR, Lever and Jobvite solutions, visit www.employinc.com.

    To download a copy of the Hackett Group® report, click here.

    About Employ Inc.
    Employ Inc. provides people-first recruiting solutions that empower companies to overcome their greatest hiring challenges. Services SMBs to global enterprises, Employ focuses on the unique recruiting needs of each organization – from foundational hiring to sophisticated talent acquisition. Employ is the only organization to offer companies choice in their hiring solutions, providing a curated set of recruiting technologies and services. Together, Employ and its solutions (JazzHR, Lever, Jobvite) serve more than 23,000 customers across multiple industries. For more information, visit www.employinc.com.

    About The Hackett Group
    The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLR™ and ZBrain™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.

    The MIL Network –

  • MIL-OSI: Ethical Web AI appoints Tom Symonds as the new Chief Executive Officer

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) — Ethical Web AI (d/b/a Bubblr Inc.) (OTC: BBLR), a leader in ethical technology innovation, proudly announces the appointment of Tom Symonds as Chief Executive Officer. Tom has been at the forefront of innovative technology for 25 years. He is a recognized pioneer in the field of immersive technology for enterprise, having founded Immerse.io and acted as CEO prior to joining Ethical Web. He also comes with a unique blend of corporate experience developed during his years at GE Capital and Sky, where he led the transformation of their internet presence. His passion for developing disruptive uses of technology to break open new market opportunities makes him uniquely suited to the company.

    Ethical Web’s previous CEO, Manfred Ebensberger, left the post for personal reasons. He remains a big supporter of the company and retains a keen interest in its progress.

    Steve Morris, CTO of Ethical Web AI, remarked:
    “Tom is the ideal CEO for the company, with deep experience in early-stage technology and a clear understanding of how to bring enterprise products to market. I have known Tom for over ten years. He was an early investor in the company, and I have always hoped he would join us as CEO. Thankfully, he joins at this pivotal moment and is focused on a completely new business plan and approach. Tom has already had a huge impact, shouldering a great deal of my work burden so I can focus on software development and IP. Tom has a fantastic proven record as a specialist CEO for companies focussed on delivering transformative new technologies.”

    Tom Symonds stated:
    “In my opinion, Steve Morris is a unique technical genius. While he is also a very humble guy (happiest described in those terms), his ability to come up with genuinely revolutionary software products and to secure this IP with patents puts Steve in the same bracket as the handful of genuine technology innovators who have changed the world. That said, Steve would be the first to agree that his skills should be focused on the product and not on CEO responsibilities. I have been working with Steve and his team for the past three months, and we will be completely pivoting the company’s priorities to focus on revenue. It is my ambition to make the company’s cash flow positive within six months. There are a few milestones we need to achieve both in the short and medium term. These include:

    • The launch of a new enterprise-only product will deliver secure and safe generative AI capabilities for 30% of enterprises that are currently banning the use of generative AI for fear of leaking sensitive data. This product is already under development, and we expect to launch it officially in the next few weeks.
    • Finalize a software development partnership with one of the major cloud hosting companies to deliver the product and provide the basis of a unique and powerful route to market. Again, we expect to be able to deliver this within a few weeks of the new product launch.
    • Revamp the company’s business plan, investment deck and website to reflect the new company direction. The business plan has already been updated, and the corporate investment deck is due to be completed in weeks. A new company website will immediately follow.
    • File a new patent at the US patent office that describes the unique techniques we use to prevent sensitive data from leaving the customer enterprise’s intranet. Again, we expect this patent to be filed in weeks.
    • Recruit a top-quality Chief Revenue Officer. Interviews for the role have already begun, and we expect to announce in the next few weeks.
    • Raise substantial new investment capital to ensure capital (in the order of $3m in total) to ensure the necessary expansion required to comply with the new business plan. Again, I am expecting we can deliver this funding within the next two months.
    • Engage with institutional investors with a view to uplisting to a superior exchange and for this to be executed this year.

    The new focus on revenue and enterprise sales does not diminish the actual value of Ethical Web AI, which lies in its Open-Source SaaS platform and its associated patents. This platform is so disruptive and so innovative that it has always been challenging to describe in simple terms. However, in my opinion, it is this platform that will eventually impel a global technology giant to acquire the company for billions of dollars. I am really looking forward to ensuring the company’s success, and I could not be happier in my current role. It is a wonderful and unique challenge.”

    About Ethical Web AI:

    Ethical Web AI is an ethical technology company championing an anonymous, safe, and fair new internet. We produce unique intellectual property and technology made defensible by our valuable utility software patents.

    Visit the new AI Seek website at https://www.aiseek.ai.

    For more information about our company and products, please visit our website at www.ethicalweb.ai.

    Media Contact:
    Steve Morris
    Bubblr, Inc.
    (646) 814 7184

    Safe Harbor Statement
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the company’s current plans and expectations, future operations, and financial condition. The company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Recent Draganfly Sales and Activities with Policing Agencies Signals Growing Focus on Northern (Canada) Border Security 

    Source: GlobeNewswire (MIL-OSI)

    Draganfly Confirms Its Strategic & Tactical Positioning and Preparedness for Growing Border Security Demand Amid Global Trade and Security Initiatives

    Saskatoon, SK., Feb. 05, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award‑winning leader in drone solutions and systems development, today confirms through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

    “Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies is a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

    Draganfly’s comprehensive product portfolio—featuring high‑resolution, electro-optical/infra-red and low-light sensors with real‑time data processing capabilities available in multiple tactical communication and control configurations—is designed to deliver multi-mission capabilities for challenging mission profiles. With an emphasis on North American‑made innovation, the Company is committed to supporting the security needs of government agencies and border authorities, ensuring that technology remains at the forefront of national security and economic stability.

    “As we continue to navigate an era of rapid geopolitical change, it is essential that both the public and private sectors collaborate to safeguard borders,” added Chell. “Draganfly is proud to be at the leading edge of this effort, leveraging our technological expertise to help create a more secure and resilient border.”

    About Draganfly

    Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations operate and serve their stakeholders. With over 24 years of innovation, Draganfly is recognized as a leader in the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. The Company’s commitment to ingenuity and first-class services drives its goal to save time, money, and lives across the globe.

    For more information on Draganfly, please visit Draganfly’s website. For additional investor information, visit:

    The CSE Listing
    NASDAQ Listing
    Frankfurt Listing

    Media Contact Erika Racicot Email: media@draganfly.com

    Company Contact Email: info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to Draganfly’s comprehensive product portfolio’s ability to deliver multi-mission capabilities for challenging mission profiles. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –

  • MIL-OSI Banking: RBI to conduct 56-day Variable Rate Repo (VRR) on February 07, 2025

    Source: Reserve Bank of India

    As announced vide the Press Release 2024-2025/2013 dated January 27, 2025, the Reserve Bank will be conducting a 56-day Variable Rate Repo (VRR) on February 07, 2025, Friday, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor
    (day)    		 Window Timing Date of Reversal
    1 50,000 56 03:30 PM to 04:00 PM April 04, 2025
    (Friday)

    2. Standalone Primary Dealers will be allowed to participate in this auction, along with other eligible participants.

    3. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2082

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: ESFA Update: 5 February 2025

    Source: United Kingdom – Executive Government & Departments

    Latest information and actions from the Education and Skills Funding Agency for academies, schools, colleges, local authorities and further education providers.

    Applies to England

    Documents

    ESFA Update further education: 5 February 2025

    HTML

    ESFA Update academies: 5 February 2025

    HTML

    ESFA Update local authorities: 5 February 2025

    HTML

    Details

    Latest for further education

    Article Title
    Action Mid-year funding claim for 2024 to 2025
    Information Changes to the administration of the Care to Learn and 16 to 19 Bursary Fund (defined vulnerable bursary) schemes from the academic year 2025 to 2026
    Information Department for Education recruitment for professional conduct panellists to support the Teaching Regulation Agency
    Information College and local authority accountability agreements and local needs duty
    Your feedback ESFA funding contracts and agreements – redesign

    Latest information for academies

    Article Title
    Information Mid-year funding claim for 2024 to 2025
    Information Changes to the administration of the Care to Learn and 16 to 19 Bursary Fund (defined vulnerable bursary) schemes from the academic year 2025 to 2026
    Information Department for Education recruitment for professional conduct panellists to support the Teaching Regulation Agency
    Events and webinars Risk protection arrangement (RPA)
    Events and webinars Academy finance professionals February power hour – counter fraud

    Latest information for local authorities

    Article Title
    Action Mid-year funding claim for 2024 to 2025
    Information Changes to the administration of the Care to Learn and 16 to 19 Bursary Fund (defined vulnerable bursary) schemes from the academic year 2025 to 2026
    Information Updated high needs funding and local authorities’ schools funding document collection pages
    Information Department for Education recruitment for professional conduct panellists to support the Teaching Regulation Agency
    Information College and local authority accountability agreements and local needs duty
    Your feedback ESFA funding contracts and agreements – redesign
    Events and webinars Risk protection arrangement (RPA)

    Updates to this page

    Published 5 February 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Second consultation on Drax Power Limited permit variation opens

    Source: United Kingdom – Executive Government & Departments

    The Environment Agency has opened a second consultation into a permit variation application from Drax Power Limited in Yorkshire.

    The operator first applied for the variation in May 2023 to request permission to incorporate carbon capture at its bioenergy plant near Selby.

    At the time, the Environment Agency held a public consultation to offer people the opportunity to comment on the application.

    During the Environment Agency’s review of this 2023 application, it considered the applicant had not included sufficient information, so it requested a more detailed assessment.

    Drax has now provided the potential substances that could be formed in the carbon capture plant and with a more detailed justification for the substances it considers could be emitted to air.

    A second consultation for the application has now been opened and will run from Tuesday 4 February to Tuesday 4 March, 2025.

    Tim Shaw, Installations Team Leader, said:

    We have now received updated information from the applicant and this can be found in a revised air emissions risk assessment.

    It’s important to hold a second consultation so the public have the opportunity to view the new documents and provide their views on environmental factors they feel are important.

    We are committed to carrying out a detailed and rigorous assessment of this permit variation application.

    Carbon capture

    Carbon capture is the removal of carbon dioxide from waste gases (usually by absorbing the carbon dioxide in a special solvent) and either using it or storing it underground, reducing the amount of emissions into the atmosphere.

    Drax Power Ltd wants to capture the carbon dioxide emitted during electricity generation, to prevent the majority of it from entering the atmosphere.

    The carbon dioxide captured will be transported via a pipeline for permanent storage under the North Sea.

    To capture carbon dioxide from the combustion process, Drax will need to vary its existing environmental permit.

    The Environment Agency assesses applications for environmental permits, or to vary existing environmental permits, under the Environmental Permitting Regulations (EPR).

    Its role is to assess the application and decide if it meets all requirements under relevant environmental legislation and provides a high level of protection to the environment and human health.

    It will only vary the environmental permit if it is satisfied this would be the case.

    After the consultation has closed, the Environment Agency will review the comments received from the consultation process and take them into account in the determination of the application.

    The documentation can be found on the Environment Agency’s Citizen Space page

    Background

    More information about Drax’s permit application can be found on the application pages on Citizen Space.

    • Responses to the consultation can be made electronically.
    • Information on the website explains how people can view the consultation documents and how they can provide comments. It also explains what the EA can and can’t take into account when deciding on the application.
    • Anyone wishing to comment on the proposals is urged to read the documentation online before responding directly on the website or by email
    • People can respond directly on the website or alternatively by email to pscpublicresponse@environment-agency.gov.uk 
    • Those unable to view the documents or make representation via the consultation website or by email should contact the Environment Agency on 03708 506 506.

    Updates to this page

    Published 5 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Deal for Council to take over D&E Coaches completed

    Source: Scotland – Highland Council

    Pictured are L to R – General Manager Gayle McEwan, former owner and Managing Director Donald Mathieson, Council Leader Cllr Raymond Bremner and Chair of the Economy and Infrastructure Committee, Cllr Ken Gowans.

    Yesterday (Tuesday 4 February) the Leader of The Highland Council Cllr Raymond Bremner along with the Chair of the Economy and Infrastructure Committee Cllr Ken Gowans visited the depot of D&E Coaches following the completion of the deal for the council to acquire the business.

    There to meet them was the former owner Donald Mathieson, who started the business nearly 30 years ago with one minibus. Speaking to the media who were invited along to the depot yesterday afternoon he said:

    “We’ve taken the company as far as we can and I’m now ready to retire from the business. Moving forward, we feel that the Council taking on ownership is the best move for the company, and everyone concerned, including our staff and customers.”

    There will however still be a family connection to the business as Donald’s daughter Gayle McEwan is taking on the role of General Manager.

    The Council spends around £25m on school and public transport throughout the region, with well over 300 separate contracts.  The last tendering round saw an increase of £8m in one financial year, which led to the Council setting up an in-house bus team. 

    Council Leader Raymond Bremner said: “I see this deal very much as a positive move forward. D&E operate a significant number of school contracts for the Council, so we now can take ownership and look for opportunities in future tendering rounds to compete more effectively. However, I want to stress that we intend to operate D&E very much as a going concern so it’s business as usual. I wish Gayle all the very best in her role and we look forward to maintaining the legacy and service standards set by Donald and the whole team over the course of many years.”   

    Chair of the Economy and Infrastructure Committee, Councillor Ken Gowans said: “Purchasing D&E Coaches on behalf of Highland Council is a fantastic opportunity and offers us more flexibility moving forward. D&E is a well-established company, and we’re delighted to have reached a deal. We’re looking forward to working with the same team who have a wealth of experience which will be of great benefit to Highland Council.”

    Earlier in the day the Council launched its new shopper service – the “108 Shopper Bus”, which will run every Tuesday and Thursday starting at Torvean Park and Ride. The route will be going through all the housing areas along Sir Walter Scott Drive (Distributor Road) to include Holm Dell, Culduthel Mains, Slackbuie, Miller Street, Boswell Road. It will then pass through the back of Inshes Retail Park and then go through the UHI Campus to the Inverness Shopping Park.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Joy, Music, and Community Come Together to Celebrate Martin Luther King Legacy

    Source: US State of Connecticut

    Smiles, singing, and spirits soared at the 2025 Dr. Marting Luther King Living Legacy Convocation last Friday at the Jorgensen Center for the Performing Arts. The event featured performances from UConn’s gospel choir, Voices of Freedom, and special guest Grammy-nominated Gospel artist, Todd Dulaney.

    MLK Legacy Awardees also received recognition during the event. The Living Legacy Convocation was organized by the Office of Diversity and Inclusion.

    Jonelle Reynolds, director of diversity and inclusion initiatives at UConn, gives remarks during the Dr. Martin Luther King Living Legacy Convocation at the Jorgensen Center for the Performing Arts on Friday, Jan. 31, 2025. (Sydney Herdle/UConn Photo)

    The convocation has grown since last year, with a full awardee selection committee, more submitted nominations, and a ceremony in a bigger space with a pre-event reception.

    Jonelle Reynolds, Director of Diversity and Inclusion Initiatives, served as co-chair of the awardee selection committee and emcee for the evening.

    Reynolds says she hoped the event would give attendees a chance to breathe and to take a break from stressful news around the world.

    “Anxiety, fear, frustration, anger, hopelessness – those are negative feelings that have been impacting some of our communities,” she says. “This is really an opportunity for people to put all of that aside and just be present in the room with each other.”

    Guest poet Nadia Sims performed a new piece, “Reclaiming My Slice,” that was inspired by her wanting to live and prosper freely as a Black woman and as an American, she says.

    Vice President for Student Life and Enrollment at UConn Nathan Fuerst gives Alexis Monteiro, a residence hall director at UConn, the 2025 MLK Legacy Award for staff during the Dr. Martin Luther King Living Legacy Convocation at the Jorgensen Center for the Performing Arts on Friday, Jan. 31, 2025. (Sydney Herdle/UConn Photo)

    “I want to get to a place where being American is enough to secure and pursue happiness and liberty and life,” Sims says. “Martin Luther King had a dream and that is my dream – to just do what I need to do as a citizen and have that be enough.”

    After recipients received their awards, Voices of Freedom took the stage and brought energy to the audience. Directed by Lisa Clayton, attendees united with the voices on stage as a giant choir with all voices tuned in the right key.

    “I am excited that Voices of Freedom was asked to honor the memory and legacy of Dr. Martin Luther King, Jr. Our amazing students shared their melodious voices to help create an incredible night,” Clayton says.

    The highlight of the evening was Todd Dulaney’s performance. He performed many of his gospel hits and had everyone in the Jorgensen Center on their feet dancing and singing along. Members of Voices of Freedom even had the opportunity to display their vocal talent when several members had solo moments during Dulaney’s set.

    “I’m so glad I came,” one smiling audience member said. “It really was great way to end the week and it way good way to kick off Black History Month.”

    Award winners included a mix of students, staff & faculty, alumni, and community members:
    Undergraduate Student: Andy Zhang
    Graduate Student: Adanma Akoma
    Faculty: Kate Capshaw
    Staff: Alexis Monteiro
    Team: CAHNR Diversity, Equity, Inclusion, and Justice Strategic Vision Implementation Committee
    Alum: N. Chineye (Chi) Anako
    Community Member: Nelson Merchan

    Based on the crowd’s response, the celebration will continue to grow and be a highlight for many.

    “I want it to be not just something that people are excited about in the UConn community but the entire Connecticut community,” Reynolds says.” “My hope is that five years from now it’s even bigger and the Jorgensen Center will be packed.”

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Alan Wilson wins fight against Biden-era woke policies, government overreachRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – South Carolina Attorney General Alan Wilson announced a court victory in fighting government overreach and Biden-era woke policies. The U.S. District Court for the District of North Dakota ruling in favor of a 21-state coalition, including South Carolina, stopped a federal agency from making any more regulations and threw out an agency rule that was based on ideology instead of science. 

    “This is one of the many examples of woke bureaucrats making rules they didn’t have the authority to make, and with no accountability to the American people,” Attorney General Wilson said. “Now, we’ve gone back to upholding the rule of law.” 

    Besides exceeding the agency’s authority, this unlawful rule would have delayed essential construction projects in South Carolina and all states by requiring reevaluation of potential environmental impact of those projects. 

    The case challenged a regulation written by the Council on Environmental Quality (“CEQ”), which was itself created by the National Environmental Policy Act of 1969 (“NEPA”). That act requires all federal agencies to analyze what kinds of environmental effects are likely to result from federal action. NEPA set up the CEQ to “make recommendations to the President” and “develop and recommend to the President national policies that foster and promote the improvement of environmental quality.” 

    However, CEQ exceeded its authority by going from giving “recommendations to the President” to setting regulations on its own. The Court ruled, “The plain text of the statute does not give CEQ authority to issue binding regulations.” 

    U.S. District Judge Daniel M. Traynor concluded his ruling by writing, “The first step to fixing a problem is admitting you have one. The truth is that for the past forty years all three branches of government operated under the erroneous assumption that CEQ had authority. But now everyone knows the state of the emperor’s clothing and it is something we cannot unsee.” 

    Joining South Carolina in the case, led by Iowa and North Dakota, were the states of Alaska, Arkansas, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Missouri, Montana, Nebraska, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, and Wyoming. 

    You can read the ruling here. 

    MIL OSI USA News –

  • MIL-OSI China: Xi signs order to promulgate revised regulations on military equipment research

    Source: People’s Republic of China – State Council News

    BEIJING, Feb. 5 — Xi Jinping, chairman of the Central Military Commission, has signed an order to promulgate a set of revised regulations on scientific research related to military equipment.

    The regulations set rules for the quality control, cost management, acceptance procedures, support measures, and safety and confidentiality issues of relevant work.

    The regulations, comprising 49 articles in eight chapters, will take effect on March 1.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Import of poultry meat and products from ŠilutÄ—s District Municipality of Klaipedos County in Lithuania suspended

    Source: Hong Kong Government special administrative region

    Import of poultry meat and products from Šilutės District Municipality of Klaipedos County in Lithuania suspended
    Import of poultry meat and products from Šilutės District Municipality of Klaipedos County in Lithuania suspended
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         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (February 5) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in Šilutės District Municipality of Klaipedos County in Lithuania, the CFS has instructed the trade to suspend the import of poultry meat and products from the area with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that Hong Kong has currently established a protocol with Lithuania for the import of poultry meat but not for poultry eggs. According to the Census and Statistics Department, no poultry meat was imported into Hong Kong from Lithuania last year.     “The CFS has contacted the Lithuanian authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

     
    Ends/Wednesday, February 5, 2025Issued at HKT 19:20

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union MoS for Health and Family Welfare, Smt. Anupriya Patel delivers keynote address at 15th International Meeting of World Pharmacopoeias in New Delhi today

    Source: Government of India

    Union MoS for Health and Family Welfare, Smt. Anupriya Patel delivers keynote address at 15th International Meeting of World Pharmacopoeias in New Delhi today

    Reaffirms India’s commitment to global pharmaceutical standardization and regulatory convergence

    “IMWP serves as a vital platform to foster international collaboration in pharmacopoeial science and regulatory harmonization”

    Releases IPC Newsletter 2024 and a special IPC video film which showcase India’s advancements in pharmacopoeial science

    Posted On: 05 FEB 2025 4:24PM by PIB Delhi

    Union Minister of State for Health and Family Welfare, Smt. Anupriya Patel delivered the keynote address at the 15th International Meeting of World Pharmacopoeias (IMWP), hosted by the Indian Pharmacopoeia Commission (IPC) under the aegis of the Ministry of Health and Family Welfare, Government of India, in collaboration with the World Health Organization (WHO), here today. The meeting brought together global pharmacopoeial leaders, regulatory authorities, and industry stakeholders to deliberate on key issues related to pharmaceutical standards and harmonization.

    Addressing the gathering, Smt. Patel reaffirmed India’s commitment to global pharmaceutical standardization and regulatory convergence. She highlighted India’s role as the “Pharmacy of the World” and emphasized the importance of ensuring access to high-quality medicines globally. She stated that the IMWP serves as a vital platform to foster international collaboration in pharmacopoeial science and regulatory harmonization.

    On this occasion, the Union Minister also released the IPC Newsletter 2024 and a special IPC video film, which showcase India’s advancements in pharmacopoeial science and the Commission’s efforts in ensuring high-quality pharmaceutical standards. The video film can be accessed at the following link: https://www.youtube.com/watch?v=MCdAZodvOSM.

    Smt. Punya Salila Srivastava, Secretary, Ministry of Health and Family Welfare, underscored the significance of global partnerships in strengthening pharmaceutical quality standards. She reiterated India’s efforts in aligning regulatory frameworks with international best practices and ensuring the availability of safe and effective medicines worldwide.

    Dr. Rajeev Singh Raghuvanshi, Secretary-cum-Scientific Director, IPC, and Drugs Controller General (India), highlighted IPC’s contributions in setting global benchmarks in pharmacopoeial science. He elaborated on IPC’s initiatives, including the IP Online platform, which enhances accessibility and usability of Indian Pharmacopoeia standards. He emphasized the role of scientific advancements and regulatory cooperation in shaping global pharmaceutical standards.

    Dr. Roderico H. Ofrin, WHO Representative to India, commended India’s leadership in pharmacopoeial standard-setting and emphasized the importance of regulatory harmonization in ensuring patient safety and public health.

    The 15th IMWP is set to facilitate discussions on key focus areas, including:

    • Updates on recommendations from the 14th IMWP and review of progress on harmonization initiatives.
    • Emerging issues in impurity assessment (Q3) and the implications of ICH Q6 guidelines on pharmacopoeial monograph specifications.
    • Defining the IMWP Charter to establish a long-term governance structure for the forum.
    • Enhancing collaboration among global pharmacopoeias and regulatory bodies, with updates from the Pharmacopoeial Discussion Group (PDG).
    • Promotion of environmental sustainability in pharmacopoeial practices and pharmaceutical manufacturing standards.
    • Finalization of reports for the 15th IMWP and preparatory discussions for the 16th IMWP.

    The deliberations during the IMWP will reinforce the role of pharmacopoeias in ensuring the quality, safety, and efficacy of medicines. The outcomes of the meeting will guide future collaborations in standard-setting and regulatory harmonization.

    The 15th IMWP, which commenced today, will conclude on 7th February 2025. The discussions held over these three days will set the stage for further strengthening global pharmacopoeial cooperation and enhancing pharmaceutical quality assurance.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Prime Minister condoles the passing of His Highness Prince Karim Aga Khan IV

    Source: Government of India (2)

    Posted On: 05 FEB 2025 4:10PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi today condoled the passing of His Highness Prince Karim Aga Khan IV. PM lauded him as a visionary, who dedicated his life to service and spirituality. He hailed his contributions in areas like health, education, rural development and women empowerment.

    In a post on X, he wrote:

    “Deeply saddened by the passing of His Highness Prince Karim Aga Khan IV. He was a visionary, who dedicated his life to service and spirituality. His contributions in areas like health, education, rural development and women empowerment will continue to inspire several people. I will always cherish my interactions with him. My heartfelt condolences to his family and the millions of followers and admirers across the world.”

     

     

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    MIL OSI Asia Pacific News –