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MIL-OSI China: Black box of S. Korea’s crashed plane stops recording after bird strike warning

Source: China State Council Information Office

This photo shows the site of an airplane crash at the Muan International Airport, some 290 km southwest of Seoul, South Korea, Dec. 29, 2024. [Photo/NEWSIS via Xinhua]

The black box of an airplane that crashed in South Korea’s southwestern airport late last month stopped recording just a minute after the warning of bird strike, the transport ministry said Saturday.

The Ministry of Land, Infrastructure and Transport’s aviation railway accident investigation committee held a meeting with the bereaved families to disclose the analysis of the passenger jet’s flight data recorder (FDR) and cockpit voice recorder (CVR).

The flight control tower warned the ill-fated plane of a possible bird strike just one minute before the jet’s FDR and CVR stopped recording simultaneously.

Immediately before the discontinued recording, the plane’s power supply was believed to have been cut off as both of its engines collided with birds.

One of the pilots declared a Mayday, caused by the bird strike, to the control tower during a go-around.

The airport’s closed-circuit television (CCTV) footage showed that the airplane struck a flock of birds, while feathers and bloodstains of one of the country’s most common winter birds were found from both of the engines.

On Dec. 29 last year, the passenger jet landed without heels, skidded off the runway and hit a concrete mound equipped with a localizer at the end of the runway at Muan International Airport, some 290 km southwest of the capital Seoul.

The localizer refers to a part of the instrument landing system providing aircraft with runway centerline guidance.

A total of 179 of the 181 people aboard the aircraft were confirmed dead. Only two were rescued.

MIL OSI China News –

January 26, 2025
MIL-OSI China: Announcement on Open Market Operations No.19 [2025]

Source: Peoples Bank of China

Announcement on Open Market Operations No.19 [2025]

(Open Market Operations Office, January 26, 2025)

In order to keep liquidity adequate before the Spring Festival, the People’s Bank of China conducted reverse repo operations in the amount of RMB151 billion through quantity bidding at a fixed interest rate on January 26, 2025.

Details of the Reverse Repo Operations

Maturity

Volume

Rate

14 days

RMB151 billion

1.65%

Date of last update Nov. 29 2018

2025年01月26日

MIL OSI China News –

January 26, 2025
MIL-OSI Global: Finding ‘Kape’: How Language Documentation helps us preserve an endangered language

Source: The Conversation – Indonesia – By Francesco Perono Cacciafoco, Associate Professor in Linguistics, Xi’an Jiaotong-Liverpool University

Shiyue Wu, a member of Francesco Perono Cacciafoco’s research team at Xi’an Jiaotong-Liverpool University (XJTLU), who is currently developing intensive fieldwork in Alor Island to document and preserve endangered languages, discovered and first documented Kape during a Language Documentation fieldwork in August 2024 and therefore actively contributed to this study.

As of 2025, more than 7000 languages are spoken across the world. However, only about half of them are properly documented, leaving the rest at risk of disappearing.

Globalisation has propelled languages such as English and Chinese into the mainstream, and they now dominate global communication.

Parents today prefer their children learn widely-spoken languages. Meanwhile, indigenous languages, such as Copainalá Zoque in Mexico and Northern Ndebele in Zimbabwe, are not even consistently taught in schools.

Indigenous people generally did not use writing for centuries and, therefore, their languages do not have ancient written records. This has contributed to their gradual disappearance.

To prevent the loss of endangered languages, field linguists – or language documentarists – work to ensure that new generations have access to their cultural heritage. Their efforts reveal the vocabulary and structure of these languages and the stories and traditions embedded within them.

My research team and I have spent over 13 years documenting endangered Papuan languages in Southeast and East Indonesia, particularly in the Alor-Pantar Archipelago, near Timor, and the Maluku Islands. One of our significant and very recent discoveries is Kape, a previously undocumented and neglected language spoken by small coastal communities in Central-Northern Alor.

Not only is the discovery important for mapping the linguistic context of the island, but it also highlights the urgency of preserving endangered languages by employing Language Documentation methods.

The discovery of Kape

In August 2024, while working with our Abui consultants, Shiyue Wu, my Research Assistant at Xi’an Jiaotong-Liverpool University, discovered a previously-ignored, presumably undocumented Papuan language from Alor, ‘Kape’.

At the time, she was gathering information about the names and locations of ritual altars known as ‘maasang’ in the Abui area, with assistance from our main consultant and several native speakers. In Central Alor, every village has a ‘maasang’.

During conversations about the variants in altar names across Alor languages and Abui dialects, some speakers mentioned the name of the ‘maasang’ (‘mata’) in Kape—a language previously unrecorded and overlooked in linguistic documentation.

‘Kape’ translates to ‘rope’, symbolising how the language connects its speakers across the island, from the mountains to the sea. Geographically and linguistically, it is associated with Kabola in the east and Abui and Kamang in Central Alor.

At this stage, it is unclear whether Kape is a distinct language or a dialect of Kamang, as the two are mutually intelligible. Much of Kape’s basic lexicon (the collection of words in one language), indeed, shares cognates (related words among languages) with Kamang.

However, Kape is spoken as the primary (native) language by the whole Kape ethnic group of Alor, and the speakers consider themselves an independent linguistic and ethnic community. This could serve as an element for regarding Kape as a language.

Kape also shows connections with Suboo, Tiyei, and Adang, other Papuan languages from Alor Island. The speakers, known as ‘Kafel’ in Abui, are multilingual, fluent, to some extent, in Kape, Kamang, Bahasa Indonesia, Alor Malay, and, sometimes, Abui.

So far, no historical records have been found for Kape, though archival research may reveal more about its origins. Based on its typology and lexical characteristics, Kape appears as ancient as other languages spoken in Alor. Like many Papuan languages, it is critically endangered and requires urgent documentation to preserve its legacy.

Documenting languages: An ongoing challenge

Language Documentation aims to reconstruct the unwritten history of indigenous peoples and to guarantee the future of their cultures and languages. This is accomplished by preserving endangered, scarcely documented or entirely undocumented languages in disadvantaged and remote areas.

External sources, like diaries by missionaries and documentation produced by colonisers, can help reconstruct some historical events. However, they are insufficient for providing reliable linguistic data since the authors were not linguists.

My research team and I document endangered languages, starting with their lexicon and grammar. Eventually, we also explore the ancient traditions and ancestral wisdom of the native speakers we work with.

We have contributed to the documentation of several Papuan languages from Alor Island, especially Abui, Kula, and Sawila. These languages are spoken among small, sometimes dispersed communities of indigenous peoples belonging to different but related ethnic clusters.

They communicate with each other mostly in Bahasa Indonesia and Alor Malay. This is because their local languages are almost never taught in schools and are rarely used outside their groups.

Over time, in addition to documenting their lexicons and grammars, we worked to reconstruct their place-names and landscape names, oral traditions, foundation myths, ancestral legends and the names of plants and trees they use.

We also explored their traditional medical practices and local ethnobotany, along with their musical culture and number systems.

Safeguarding Kape is not just linguistically relevant. Its preservation and documentation are not just about attesting its existence – they also contribute to revitalising the language, keeping it alive, and allowing the local community to rediscover its history, knowledge, and traditions to pass down to the next generations.

This journey has just begun, but my team and I – with the indispensable collaboration from our local consultants and native speakers – are prepared to go all the way towards its completion.

Francesco Perono Cacciafoco received funding from Xi’an Jiaotong-Liverpool University (XJTLU): Research Development Fund (RDF) Grant, “Place Names and Cultural Identity: Toponyms and Their Diachronic Evolution among the Kula People from Alor Island”, Grant Number: RDF-23-01-014, School of Humanities and Social Sciences (HSS), Xi’an Jiaotong-Liverpool University (XJTLU), Suzhou (Jiangsu), China, 2024-2025.

– ref. Finding ‘Kape’: How Language Documentation helps us preserve an endangered language – https://theconversation.com/finding-kape-how-language-documentation-helps-us-preserve-an-endangered-language-247465

MIL OSI – Global Reports –

January 26, 2025
MIL-OSI Australia: Police update on city events

Source: South Australia Police

Police were pleased with the overwhelming majority of community members who attended the Adelaide CBD today to participate in the events held, including the Tour Down under and other Australia Day events.

At least a dozen people from across the Country, not involved in organised events or protests, were arrested and charged with various street offences including failing to cease loiter, possess articles of disguise, hinder and resist arrest. One of the males arrested has also been charged with displaying a Nazi symbol.

Further details on arrests will be released later this afternoon.

Police would like to thank those people who safely and peacefully attended city events.

MIL OSI News –

January 26, 2025

MIL-OSI: Infinera Corporation Reports Third Quarter 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024.

GAAP revenue for the quarter was $354.4 million compared to $342.7 million in the second quarter of 2024 and $392.4 million in the third quarter of 2023.

GAAP gross margin for the quarter was 39.8% compared to 39.6% in the second quarter of 2024 and 40.3% in the third quarter of 2023. GAAP operating margin for the quarter was (3.1)% compared to (8.7)% in the second quarter of 2024 and 2.0% in the third quarter of 2023.

GAAP net loss for the quarter was $(14.3) million, or $(0.06) per diluted share, compared to net loss of $(48.3) million, or $(0.21) per diluted share, in the second quarter of 2024, and net loss of $(9.4) million, or $(0.04) per diluted share, in the third quarter of 2023.

Non-GAAP gross margin for the quarter was 40.4% compared to 40.3% in the second quarter of 2024 and 41.9% in the third quarter of 2023. Non-GAAP operating margin for the quarter was 3.5% compared to (1.3)% in the second quarter of 2024 and 7.7% in the third quarter of 2023.

Non-GAAP net income for the quarter was $0.3 million, or $0.00 per diluted share, compared to non-GAAP net loss of $(14.0) million, or $(0.06) per diluted share, in the second quarter of 2024, and non-GAAP net income of $19.9 million, or $0.08 per diluted share, in the third quarter of 2023.

During the three-months ended September 28, 2024, the Company generated positive cash flow from operations of $44.5 million and ended the quarter with cash, cash equivalents and restricted cash of $115.6 million.

A further explanation of the use of non-GAAP financial information and a reconciliation of each of the non-GAAP financial measures to the most directly comparable GAAP financial measure can be found at the end of this press release.

Infinera CEO, David Heard said “Our team delivered another quarter with continued sequential improvements in our financial metrics and critical service provider and webscaler design wins across our ICE-X coherent pluggables, next-generation line systems, software, and ICE7 solutions. In addition, in October we signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce for an award under the CHIPS and Science Act that, together with other federal and state incentives, could result in more than $200 million in funds for Infinera.”

“Looking ahead, our customers remain excited about our pending acquisition by Nokia as they look forward to the combined company accelerating the pace of innovation in the industry. We are making good progress on the steps required to close the transaction, including receiving stockholder approval and attaining U.S. antitrust and CFIUS approval. There are still other regulatory approvals pending, but we believe we remain on track to close the deal in the first half of 2025,” continued Mr. Heard.

Pending Merger with Nokia

On June 27, 2024, Infinera, Nokia Corporation, a company incorporated under the laws of the Republic of Finland (“Nokia”) (NYSE: NOK) and Neptune of America Corporation, a Delaware corporation and wholly owned subsidiary of Nokia (“Merger Sub”) entered into an Agreement and Plan of Merger (as it may be amended, modified or waived from time to time, the “Merger Agreement”) that provides for Merger Sub to merge with and into Infinera (the “Merger”), with Infinera surviving the Merger as a wholly owned subsidiary of Nokia. The transaction is expected to close in the first half of 2025.

In light of the proposed transaction with Nokia, and as is customary during the pendency of an acquisition, Infinera will not be providing financial guidance during the pendency of the acquisition.

Third Quarter 2024 Investor Slides to be Made Available Online

Investor slides reviewing Infinera’s third quarter of 2024 financial results will be furnished to the U.S. Securities and Exchange Commission (“SEC”) on a Current Report on Form 8-K and published on Infinera’s Investor Relations website at investors.infinera.com.

Contacts:

Media:
Anna Vue
Tel. +1 (916) 595-8157
avue@infinera.com

Investors:
Amitabh Passi, Head of Investor Relations
Tel. +1 (669) 295-1489
apassi@infinera.com

About Infinera

Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit www.infinera.com, follow us on X and LinkedIn, and subscribe for updates.

Infinera and the Infinera logo are registered trademarks of Infinera Corporation.

Forward-Looking Statements

This press release contains certain 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. Forward-looking statements generally relate to future events or Infinera’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will,” and “would” or the negative of these words or similar terms or expressions that concern Infinera’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the amount Infinera could receive in government funding; and statements related to the Merger, including the timing of completion of the Merger and the future performance and benefits of the combined business.

These forward-looking statements are based on estimates and information available to Infinera as of the date hereof and are not guarantees of actual or future performance; actual results could differ materially from those stated or implied due to risks and uncertainties. The risks and uncertainties that could cause Infinera’s results to differ materially from those expressed or implied by such forward-looking statements include statements related to the Merger, including whether the Merger may not be completed or completion may be delayed, and if the Merger Agreement is terminated, there may be a required payment of a significant termination fee by either party; the receipt of necessary approvals to complete the Merger; the possibility that due to the Merger, and uncertainty regarding the Merger, Infinera’s customers, suppliers or strategic partners may delay or defer entering into contracts or making other decisions concerning Infinera; the significance and timing of costs related to the Merger; the impact on us of litigation or other stockholder action related to the Merger; the effects on us and our stockholders if the Merger is not completed; demand growth for additional network capacity and the level and timing of customer capital spending and excess inventory held by customers beyond normalized levels; delays in the development, introduction or acceptance of new products or in releasing enhancements to existing products; aggressive business tactics by Infinera’s competitors and new entrants and Infinera’s ability to compete in a highly competitive market; supply chain and logistics issues and their impact on our business, and Infinera’s dependency on sole source, limited source or high-cost suppliers; dependence on a small number of key customers; product performance problems; the complexity of Infinera’s manufacturing process; Infinera’s ability to identify, attract, upskill and retain qualified personnel; challenges with our contract manufacturers and other third-party partners; the effects of customer and supplier consolidation; dependence on third-party service partners; Infinera’s ability to respond to rapid technological changes; failure to accurately forecast Infinera’s manufacturing requirements or customer demand; failure to secure the funding contemplated by grants Infinera may receive from governments, agencies or research organizations, or failure to comply with the terms of those grants; Infinera’s future capital needs and its ability to generate the cash flow or otherwise secure the capital necessary to meet such capital needs; the effect of global and regional economic conditions on Infinera’s business, including effects on purchasing decisions by customers; the adverse impact inflation and higher interest rates may have on Infinera by increasing costs beyond what it can recover through price increases; restrictions to our operations resulting from loan or other credit agreements; the impacts of any restructuring plans or other strategic efforts on our business; Infinera’s international sales and operations; the impacts of foreign currency fluctuations; the effective tax rate of Infinera, which may increase or fluctuate; potential dilution from the issuance of additional shares of common stock in connection with the conversion of Infinera’s convertible senior notes; Infinera’s ability to protect its intellectual property; claims by others that Infinera infringes on their intellectual property rights; security incidents, such as data breaches or cyber-attacks; Infinera’s ability to comply with various rules and regulations, including with respect to export control and trade compliance, environmental, social, governance, privacy and data protection matters; events that are outside of Infinera’s control, such as natural disasters, acts of war or terrorism, or other catastrophic events that could harm Infinera’s operations; Infinera’s ability to remediate its recently disclosed material weaknesses in internal control over financial reporting in a timely and effective manner, and other risks and uncertainties detailed in Infinera’s SEC filings from time to time; and statements of assumptions underlying any of the foregoing. More information on potential factors that may impact Infinera’s business are set forth in Infinera’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 30, 2023, filed with the SEC on May 17, 2024, and its Quarterly Report on Form 10-Q for the quarter ended June 29, 2024, as filed with the SEC on August 2, 2024, as well as subsequent reports filed with or furnished to the SEC from time to time. These SEC filings are available on Infinera’s website at www.infinera.com and the SEC’s website at www.sec.gov. Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

Use of Non-GAAP Financial Information

In addition to disclosing financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), this press release and the accompanying tables contain certain non-GAAP financial measures that exclude in certain cases stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs, warehouse fire recovery, merger-related charges, foreign exchange (gains) losses, net, and income tax effects. Infinera believes these adjustments are appropriate to enhance an overall understanding of its underlying financial performance and also its prospects for the future and are considered by management for the purpose of making operational decisions. In addition, the non-GAAP financial measures presented in this press release are the primary indicators management uses as a basis for its planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for gross margin, operating expenses, operating margin, net income (loss) and net income (loss) per common share prepared in accordance with GAAP. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and are subject to limitations.

For a description of these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP financial measures, please see the table titled “GAAP to Non-GAAP Reconciliations” and related footnotes.

Infinera Corporation
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)

	Three months ended						Nine months ended
	September 28, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Revenue:
Product	$	276,214		$	316,613		$	778,008		$	931,057
Services		78,184			75,756			226,051			229,615
Total revenue		354,398			392,369			1,004,059			1,160,672
Cost of revenue:
Cost of product		170,693			190,312			494,248			577,152
Cost of services		42,515			40,209			121,910			124,889
Amortization of intangible assets		—			3,528			—			10,621
Restructuring and other related costs		(24	)		—			652			—
Total cost of revenue		213,184			234,049			616,810			712,662
Gross profit		141,214			158,320			387,249			448,010
Operating expenses:
Research and development		73,283			76,846			225,223			237,234
Sales and marketing		35,715			41,075			118,357			124,406
General and administrative		34,160			29,368			101,114			89,762
Amortization of intangible assets		2,257			2,976			6,769			10,088
Merger-related charges		6,954			—			15,471			—
Restructuring and other related costs		(157	)		400			4,105			2,621
Total operating expenses		152,212			150,665			471,039			464,111
Income (loss) from operations		(10,998	)		7,655			(83,790	)		(16,101	)
Other income (expense), net:
Interest income		874			546			2,789			1,734
Interest expense		(8,764	)		(7,608	)		(25,556	)		(21,795	)
Other gain (loss), net		8,485			(7,540	)		(8,910	)		10,586
Total other income (expense), net		595			(14,602	)		(31,677	)		(9,475	)
Loss before income taxes		(10,403	)		(6,947	)		(115,467	)		(25,576	)
Provision for income taxes		3,910			2,466			8,528			12,510
Net loss	$	(14,313	)	$	(9,413	)	$	(123,995	)	$	(38,086	)
Net loss per common share:
Basic	$	(0.06	)	$	(0.04	)	$	(0.53	)	$	(0.17	)
Diluted	$	(0.06	)	$	(0.04	)	$	(0.53	)	$	(0.17	)
Weighted average shares used in computing net loss per common share:
Basic		235,832			228,077			233,905			225,465
Diluted		235,832			228,077			233,905			225,465

Infinera Corporation
GAAP to Non-GAAP Reconciliations
(In thousands, except percentages)
(Unaudited)

	Three months ended														Nine months ended
	September 28, 2024					June 29, 2024					September 30, 2023				September 28, 2024					September 30, 2023
Reconciliation of Gross Profit and Gross Margin:
GAAP as reported	$	141,214		39.8	%	$	135,594		39.6	%	$	158,320	40.3	%	$	387,249		38.6	%	$	448,010		38.6	%
Stock-based compensation expense⁽¹⁾		2,084		0.6	%		1,777		0.5	%		2,515	0.7	%		5,754		0.5	%		7,672		0.7	%
Amortization of acquired intangible assets⁽²⁾		—		—	%		—		—	%		3,528	0.9	%		—		—	%		10,621		0.9	%
Restructuring and other related costs⁽³⁾		(24	)	(0.0)	%		703		0.2	%		—				652		0.1	%		—		—	%
Warehouse fire recovery⁽⁴⁾		—		—	%		—		—	%		—	—	%		—		—	%		(1,985	)	(0.2)	%
Non-GAAP as adjusted	$	143,274		40.4	%	$	138,074		40.3	%	$	164,363	41.9	%	$	393,655		39.2	%	$	464,318		40.0	%

Reconciliation of Operating Expenses:
GAAP as reported	$	152,212				$	165,403				$	150,665			$	471,039				$	464,111
Stock-based compensation expense⁽¹⁾		12,305					8,024					13,230				32,967					41,721
Amortization of acquired intangible assets⁽²⁾		2,257					2,256					2,976				6,769					10,088
Restructuring and other related costs⁽³⁾		(157	)				3,948					400				4,105					2,621
Merger-related charges⁽⁵⁾		6,954					8,517					—				15,471					—
Non-GAAP as adjusted	$	130,853				$	142,658				$	134,059			$	411,727				$	409,681

Reconciliation of Income (Loss) from Operations and Operating Margin:
GAAP as reported	$	(10,998	)	(3.1)	%	$	(29,809	)	(8.7)	%	$	7,655	2.0	%	$	(83,790	)	(8.3)	%	$	(16,101	)	(1.4)	%
Stock-based compensation expense⁽¹⁾		14,389		4.1	%		9,801		2.8	%		15,745	3.9	%		38,721		3.8	%		49,393		4.3	%
Amortization of acquired intangible assets⁽²⁾		2,257		0.6	%		2,256		0.7	%		6,504	1.7	%		6,769		0.7	%		20,709		1.8	%
Restructuring and other related costs⁽³⁾		(181	)	(0.1)	%		4,651		1.4	%		400	0.1	%		4,757		0.5	%		2,621		0.2	%
Warehouse fire recovery⁽⁴⁾		—		—	%		—		—	%		—	—	%		—		—	%		(1,985	)	(0.2)	%
Merger-related charges⁽⁵⁾		6,954		2.0	%		8,517		2.5	%		—	—	%		15,471		1.5	%		—		—	%
Non-GAAP as adjusted	$	12,421		3.5	%	$	(4,584	)	(1.3)	%	$	30,304	7.7	%	$	(18,072	)	(1.8)	%	$	54,637		4.7	%

	Three months ended									Nine months ended
	September 28, 2024			June 29, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Reconciliation of Net Income (Loss):
GAAP as reported	$	(14,313	)	$	(48,287	)	$	(9,413	)	$	(123,995	)	$	(38,086	)
Stock-based compensation expense⁽¹⁾		14,389			9,801			15,745			38,721			49,393
Amortization of acquired intangible assets⁽²⁾		2,257			2,256			6,504			6,769			20,709
Restructuring and other related costs⁽³⁾		(181	)		4,651			400			4,757			2,621
Warehouse fire recovery⁽⁴⁾		—			—			—			—			(1,985	)
Merger-related charges⁽⁵⁾		6,954			8,517			—			15,471			—
Foreign exchange (gains) losses, net⁽⁶⁾		(8,039	)		11,690			7,527			10,099			(9,903	)
Income tax effects⁽⁷⁾		(788	)		(2,604	)		(894	)		(3,775	)		2,072
Non-GAAP as adjusted	$	279		$	(13,976	)	$	19,869		$	(51,953	)	$	24,821

Weighted Average Shares Used in Computing GAAP Net Income (Loss) per Common Share:
Basic		235,832			234,349			228,077			233,905			225,465
Diluted⁽⁸⁾		235,832			234,349			228,077			233,905			225,465

Weighted Average Shares Used in Computing Non-GAAP Net Income (Loss) per Common Share:
Basic		235,832			234,349			228,077			233,905			225,465
Diluted⁽⁹⁾		240,502			234,349			257,219			233,905			228,735

Reconciliation of Adjusted EBITDA ⁽¹⁰⁾:
Non-GAAP net income (loss)	$	279		$	(13,976	)	$	19,869		$	(51,953	)	$	24,821
Add: Interest expense, net		7,890			7,370			7,062			22,767			20,061
Less: Other gain (loss), net		446			507			(13	)		1,189			683
Add: Income tax effects		4,698			2,529			3,360			12,303			10,438
Add: Depreciation		13,501			13,285			13,498			39,975			38,694
Non-GAAP as adjusted	$	25,922		$	8,701		$	43,802		$	21,903		$	93,331

Net Income (Loss) per Common Share: GAAP
Basic	$	(0.06	)	$	(0.21	)	$	(0.04	)	$	(0.53	)	$	(0.17	)
Diluted⁽⁸⁾	$	(0.06	)	$	(0.21	)	$	(0.04	)	$	(0.53	)	$	(0.17	)

Net Income (Loss) per Common Share: Non-GAAP
Basic	$	0.00		$	(0.06	)	$	0.09		$	(0.22	)	$	0.11
Diluted⁽⁹⁾	$	0.00		$	(0.06	)	$	0.08		$	(0.22	)	$	0.11

⁽¹⁾	Stock-based compensation expense is calculated in accordance with the fair value recognition provisions of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation effective January 1, 2006. The following table summarizes the effects of stock-based compensation related to employees and non-employees (in thousands):

		Three months ended						Nine months ended
		September 28, 2024		June 29, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Cost of revenue		$	2,084	$	1,777	$	2,515	$	5,754	$	7,672
Research and development			4,623		4,497		5,734		14,232		17,557
Sales and marketing			3,241		2,611		3,706		9,139		11,371
General and administration			4,441		916		3,790		9,596		12,793
Total operating expenses			12,305		8,024		13,230		32,967		41,721
	Total stock-based compensation expense	$	14,389	$	9,801	$	15,745	$	38,721	$	49,393

⁽²⁾	Amortization of acquired intangible assets consists of developed technology and customer relationships acquired in connection with the acquisitions of Coriant and Transmode AB. GAAP accounting requires that acquired intangible assets are recorded at fair value and amortized over their useful lives. As this amortization is non-cash, Infinera has excluded it from its non-GAAP gross profit, operating expenses and net income measures. Management believes the amortization of acquired intangible assets is not indicative of ongoing operating performance and its exclusion provides a better indication of Infinera’s underlying business performance.
⁽³⁾	Restructuring and other related costs are primarily associated with the reduction of headcount and the reduction of operating costs. In addition, this includes accelerated amortization on operating lease right-of-use assets due to the cessation of use of certain facilities. Management has excluded the impact of these charges in arriving at Infinera’s non-GAAP results as they are non-recurring in nature and its exclusion provides a better indication of Infinera’s underlying business performance.
⁽⁴⁾	Warehouse fire losses were incurred due to inventory destroyed in a warehouse fire in the third quarter of fiscal year 2022. Recoveries are recorded when they are probable of receipt. Management has excluded the impact of this loss and subsequent recoveries in arriving at Infinera’s non-GAAP results as it is non-recurring in nature and its exclusion provides a better indication of Infinera’s underlying business performance.
⁽⁵⁾	Merger-related charges represent costs incurred directly in connection with the pending merger with Nokia. Management has excluded the impact of these charges in arriving at Infinera’s non-GAAP results as they are non-recurring in nature and the exclusion of these charges provides a better indication of Infinera’s underlying business performance.
⁽⁶⁾	Foreign exchange (gains) losses, net, have been excluded from Infinera’s non-GAAP results because management believes that this expense is not indicative of ongoing operating performance and its exclusion provides a better indication of Infinera’s underlying business performance.
⁽⁷⁾	The difference between the GAAP and non-GAAP tax provision is due to the net tax effects of above non-GAAP adjustments. Management believes the exclusion of these tax effects provides a better indication of Infinera’s underlying business performance.
⁽⁸⁾	The GAAP diluted shares include potentially dilutive securities from Infinera’s stock-based benefit plans and convertible senior notes. These potentially dilutive securities are added for the computation of diluted net income per share on a GAAP basis in periods when Infinera has net income on a GAAP basis, as its inclusion provides a better indication of Infinera’s underlying business performance.

For purposes of calculating GAAP diluted earnings per share, we used the following net loss and weighted average common shares outstanding (in thousands, except per share data):

			Three months ended									Nine months ended
			September 28, 2024			June 29, 2024			September 30, 2023			September 28, 2024			September 30, 2023
GAAP net loss for basic earnings per share			$	(14,313	)	$	(48,287	)	$	(9,413	)	$	(123,995	)	$	(38,086	)
Interest expense related to the convertible senior notes, net of tax				—			—			—			—			—
GAAP net loss for diluted earnings per share			$	(14,313	)	$	(48,287	)	$	(9,413	)	$	(123,995	)	$	(38,086	)

Weighted average basic common shares outstanding				235,832			234,349			228,077			233,905			225,465
Dilutive effect of restricted and performance share units				—			—			—			—			—
Dilutive effect of 2024 convertible senior notes^(a)				—			—			—			—			—
Dilutive effect of 2027 convertible senior notes^(b)				—			—			—			—			—
Dilutive effect of 2028 convertible senior notes^(c)				—			—			—			—			—
Weighted average dilutive common shares outstanding				235,832			234,349			228,077			233,905			225,465

GAAP net loss per common share:
Basic			$	(0.06	)	$	(0.21	)	$	(0.04	)	$	(0.53	)	$	(0.17	)
Diluted			$	(0.06	)	$	(0.21	)	$	(0.04	)	$	(0.53	)	$	(0.17	)

	^(a)	For the three-months ended September 28, 2024, June 29, 2024, and September 30, 2023, there were 1.4 million, 1.9 million and 1.9 million shares, respectively, excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. For the nine-months ended September 28, 2024, and September 30, 2023, there were 1.7 million, and 7.1 million shares, respectively, excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect.
	^(b)	For each of the three-months ended September 28, 2024, June 29, 2024, and September 30, 2023, there were 26.1 million shares excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. For each of the nine-months ended September 28, 2024, and September 30, 2023, there were 26.1 million shares excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect.
	^(c)	For each of the three-months ended September 28, 2024, June 29, 2024, and September 30, 2023, there were no shares excluded from the calculation of diluted net loss per share. For the nine-months ended September 28, 2024, there were no shares excluded from the calculation of diluted net loss per share. For the nine-months ended September 30, 2023, there were 1.2 million shares excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect.
⁽⁹⁾	The non-GAAP diluted shares include the potentially dilutive securities from Infinera’s stock-based benefit plans and convertible senior notes. These potentially dilutive securities are added for the computation of diluted net income per share on a non-GAAP basis in periods when Infinera has net income on a non-GAAP basis as its inclusion provides a better indication of Infinera’s underlying business performance. Refer to the diluted earnings per share reconciliation presented below.

For purposes of calculating non-GAAP diluted earnings per share, we used the following net income (loss) and weighted average common shares outstanding (in thousands, except per share data):

			Three months ended							Nine months ended
			September 28, 2024		June 29, 2024			September 30, 2023		September 28, 2024			September 30, 2023
Non-GAAP net income (loss) for basic earnings per share			$	279	$	(13,976	)	$	19,869	$	(51,953	)	$	24,821
Interest expense related to the convertible senior notes, net of tax				—		—			1,359		—			—
Non-GAAP net income (loss) for diluted earnings per share			$	279	$	(13,976	)	$	21,228	$	(51,953	)	$	24,821

Weighted average basic common shares outstanding				235,832		234,349			228,077		233,905			225,465
Dilutive effect of restricted and performance share units				4,670		—			1,123		—			2,005
Dilutive effect of employee stock purchase plan				—		—			—		—			70
Dilutive effect of 2024 convertible senior notes^(a)				—		—			1,899		—			—
Dilutive effect of 2027 convertible senior notes^(b)				—		—			26,120		—			—
Dilutive effect of 2028 convertible senior notes^(c)				—		—			—		—			1,195
Weighted average dilutive common shares outstanding				240,502		234,349			257,219		233,905			228,735

Non-GAAP net income (loss) per common share:
Basic			$	0.00	$	(0.06	)	$	0.09	$	(0.22	)	$	0.11
Diluted			$	0.00	$	(0.06	)	$	0.08	$	(0.22	)	$	0.11

	^(a)	For the three-months ended September 28, 2024, and June 29, 2024, there were 1.4 million, and 1.9 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For the three-months ended September 30, 2023, there were no shares excluded from the calculation of diluted net income per share. For the nine-months ended September 28, 2024, and September 30, 2023, there were 1.7 million, and 7.1 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.
	^(b)	For each of the three-months ended September 28, 2024, and June 29, 2024, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For the three-months ended September 30, 2023, there were no shares excluded from the calculation of diluted net income per share. For each of the nine-months ended September 28, 2024, and September 30, 2023, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect.
	^(c)	For each of the three-months ended September 28, 2024, June 29, 2024, and September 30, 2023, there were no shares excluded from the calculation of diluted net income (loss) per share. For each of the nine-months ended September 28, 2024, and September 30, 2023, there were no shares excluded from the calculation of diluted net income (loss) per share.
⁽¹⁰⁾	Adjusted EBITDA is a non-GAAP supplemental measure of operating performance that does not represent and should not be considered an alternative to operating loss or cash flow from operations, as determined by GAAP. Infinera’s adjusted EBITDA is calculated by excluding the above non-GAAP adjustments, interest expense, net, other gain (loss), net, income tax effects and depreciation expenses. Management believes that adjusted EBITDA is an important financial measure for use in evaluating Infinera’s financial performance, as it measures the ability of our business operations to generate cash.

Infinera Corporation
GAAP to Non-GAAP Reconciliations
(In thousands)
(Unaudited)

Free Cash Flow

We define free cash flow as net cash provided by (used in) operating activities in the period minus the purchase of property and equipment made in the period.

Free cash flow is considered a non-GAAP financial measure under the SEC’s rules. Management believes that free cash flow is an important financial measure for use in evaluating Infinera’s financial performance, as it measures our ability to generate additional cash from our business operations. Free cash flow should be considered in addition to, rather than as a substitute for, net loss as a measure of our performance or net cash provided by (used in) operating activities as a measure of our liquidity. Additionally, our definition of free cash flow is limited and does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other obligations. Therefore, we believe it is important to view free cash flow as supplemental to our entire statement of cash flows.

	Three months ended									Nine months ended
	September 28, 2024			June 29, 2024			September 30, 2023			September 28, 2024			September 30, 2023
Net cash provided by (used in) operating activities	$	44,563		$	(59,954	)	$	(29,793	)	$	8,635		$	(30,142	)
Purchase of property and equipment		(24,090	)		(14,582	)		(13,318	)		(46,748	)		(40,900	)
Free cash flow	$	20,473		$	(74,536	)	$	(43,111	)	$	(38,113	)	$	(71,042	)

Infinera Corporation
Condensed Consolidated Balance Sheets
(In thousands, except par values)
(Unaudited)

	September 28, 2024			December 30, 2023
ASSETS
Current assets:
Cash and cash equivalents	$	115,089		$	172,505
Short-term restricted cash		42			517
Accounts receivable, net		288,265			381,981
Inventory		356,119			431,163
Prepaid expenses and other current assets		162,560			129,218
Total current assets		922,075			1,115,384
Property, plant and equipment, net		231,190			206,997
Operating lease right-of-use assets		39,359			39,973
Intangible assets, net		18,050			24,819
Goodwill		237,509			240,566
Long-term restricted cash		446			837
Other long-term assets		57,128			50,662
Total assets	$	1,505,757		$	1,679,238
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	259,225		$	299,005
Accrued expenses and other current liabilities		137,078			110,758
Accrued compensation and related benefits		48,683			85,203
Short-term debt, net		10,473			25,512
Accrued warranty		12,635			17,266
Deferred revenue		116,332			136,248
Total current liabilities		584,426			673,992
Long-term debt, net		667,205			658,756
Long-term accrued warranty		12,554			15,934
Long-term deferred revenue		21,626			21,332
Long-term deferred tax liability		1,770			1,805
Long-term operating lease liabilities		44,563			47,464
Other long-term liabilities		39,767			43,364
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value Authorized shares – 25,000 and no shares issued and outstanding		—			—
Common stock, $0.001 par value Authorized shares – 500,000 as of September 28, 2024 and December 30, 2023 Issued and outstanding shares – 236,296 as of September 28, 2024 and 230,994 as of December 30, 2023		236			231
Additional paid-in capital		2,012,820			1,976,014
Accumulated other comprehensive loss		(30,409	)		(34,848	)
Accumulated deficit		(1,848,801	)		(1,724,806	)
Total stockholders’ equity		133,846			216,591
Total liabilities and stockholders’ equity	$	1,505,757		$	1,679,238

Infinera Corporation
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

	Nine months ended
	September 28, 2024			September 30, 2023
Cash Flows from Operating Activities:
Net loss	$	(123,995	)	$	(38,086	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		46,744			59,403
Non-cash restructuring charges and other related costs		32			1,183
Amortization of debt issuance costs and discount		2,750			2,970
Operating lease expense		6,905			6,402
Stock-based compensation expense		38,721			49,393
Other, net		139			(683	)
Changes in assets and liabilities:
Accounts receivable		92,364			89,248
Inventory		74,527			(82,983	)
Prepaid expenses and other current assets		(48,141	)		16,811
Accounts payable		(57,127	)		(27,798	)
Accrued expenses and other current liabilities		(5,386	)		(46,163	)
Deferred revenue		(18,898	)		(59,839	)
Net cash provided by (used in) operating activities		8,635			(30,142	)
Cash Flows from Investing Activities:
Purchase of property and equipment		(46,748	)		(40,900	)
Net cash used in investing activities		(46,748	)		(40,900	)
Cash Flows from Financing Activities:
Proceeds from issuance of 2028 Notes, net of discount		—			98,751
Repayment of 2024 Notes		(18,747	)		(83,446	)
Payment of debt issuance cost		—			(2,108	)
Proceeds from asset-based revolving credit facility		50,000			—
Repayment of asset-based revolving credit facility		(40,000	)		—
Repayment of mortgage payable		(354	)		(381	)
Principal payments on finance lease obligations		(469	)		(784	)
Payment of term license obligation		(7,882	)		(7,720	)
Proceeds from issuance of common stock		5			14,931
Tax withholding paid on behalf of employees for net share settlement		(1,860	)		(2,217	)
Net cash (used in) provided by financing activities		(19,307	)		17,026
Effect of exchange rate changes on cash		(862	)		(8,551	)
Net change in cash, cash equivalents and restricted cash		(58,282	)		(62,567	)
Cash, cash equivalents and restricted cash at beginning of period		173,859			189,203
Cash, cash equivalents and restricted cash at end of period⁽¹⁾	$	115,577		$	126,636

Infinera Corporation
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

	Nine months ended
	September 28, 2024		September 30, 2023
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net	$	18,205	$	9,955
Cash paid for interest	$	25,967	$	21,579
Supplemental schedule of non-cash investing and financing activities:
Property and equipment included in accounts payable and accrued liabilities	$	26,779	$	18,529
Transfer of inventory to fixed assets	$	—	$	1,207
Unpaid term licenses (included in accounts payable, accrued liabilities and other long-term liabilities)	$	16,380	$	16,510

⁽¹⁾Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets (in thousands):

	September 28, 2024		September 30, 2023
Cash and cash equivalents	$	115,089	$	123,927
Short-term restricted cash		42		1,725
Long-term restricted cash		446		984
Total cash, cash equivalents and restricted cash	$	115,577	$	126,636

Infinera Corporation
Supplemental Financial Information
(Unaudited)

		Q4’22			Q1’23			Q2’23			Q3’23			Q4’23			Q1’24			Q2’24			Q3’24
GAAP Revenue $(Mil)		$	485.9		$	392.1		$	376.2		$	392.4		$	453.5		$	306.9		$	342.7		$	354.4
GAAP Gross Margin %			37.1	%		37.5	%		38.0	%		40.3	%		38.6	%		36.0	%		39.6	%		39.8	%
	Non-GAAP Gross Margin %⁽¹⁾		38.7	%		38.8	%		39.3	%		41.9	%		39.6	%		36.6	%		40.3	%		40.4	%
GAAP Revenue Composition:
Domestic %			61	%		60	%		58	%		59	%		68	%		54	%		58	%		60	%
International %			39	%		40	%		42	%		41	%		32	%		46	%		42	%		40	%
Customers >10% of Revenue			1			—			1			1			1			—			—			2
Cash Related Information:
Cash from Operations $(Mil)		$	(0.6	)	$	(1.8	)	$	1.4		$	(29.7	)	$	79.6		$	24.0		$	(59.9	)	$	44.5
Capital Expenditures $(Mil)		$	8.3		$	16.8		$	10.8		$	13.3		$	21.4		$	8.1		$	14.6		$	24.0
Depreciation & Amortization $(Mil)		$	19.8		$	19.6		$	19.8		$	20.0		$	19.4		$	15.4		$	15.6		$	15.7
DSOs⁽²⁾			79			78			79			76			77			79			76			74
Inventory Metrics:
Raw Materials $(Mil)		$	48.7		$	67.6		$	85.4		$	110.4		$	133.6		$	132.5		$	119.4		$	105.2
Work in Process $(Mil)		$	66.6		$	71.8		$	71.9		$	69.9		$	68.4		$	68.6		$	68.7		$	67.6
Finished Goods $(Mil)		$	259.6		$	273.6		$	270.1		$	276.6		$	229.2		$	219.6		$	196.1		$	183.3
Total Inventory $(Mil)		$	374.9		$	413.0		$	427.4		$	456.9		$	431.2		$	420.7		$	384.2		$	356.1
Inventory Turns⁽³⁾			3.4			2.4			2.2			2.1			2.5			1.8			2.0			2.3
Worldwide Headcount			3,267			3,351			3,365			3,369			3,389			3,323			3,334			3,340
Weighted Average Shares Outstanding (in thousands):
Basic			219,921			222,393			225,922			228,077			230,509			231,533			234,349			235,832
Diluted			258,030			265,921			262,712			257,219			259,210			260,980			265,591			267,999

⁽¹⁾	Non-GAAP adjustments include stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs and warehouse fire recovery. For a description of this non-GAAP financial measure, please see the section titled, “GAAP to Non-GAAP Reconciliations” of this press release for a reconciliation to the most directly comparable GAAP financial measures. For reconciliations of prior periods that are not otherwise provided herein, see the prior period earnings releases available on our Investor Relations webpage.
⁽²⁾	Infinera calculates DSO based on 91 days. Fiscal year 2022 was 53 weeks and the fourth quarter of fiscal year 2022 was 98 days. When calculation is based on 98 days, DSO was 85 days for the fourth quarter of fiscal year 2022.
⁽³⁾	Infinera calculates non-GAAP inventory turns as annualized non-GAAP cost of revenue, which is calculated as GAAP cost of revenue less stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs and warehouse fire recovery, as illustrated in the reconciliation of gross profit above, divided by the average inventory for the quarter.

The MIL Network –

January 26, 2025

MIL-OSI: Carlyle Secured Lending, Inc. Announces Financial Results For Third Quarter Ended 2024, Declares Fourth Quarter 2024 Dividends of $0.45 Per Common Share
Source: GlobeNewswire (MIL-OSI)

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2024. Justin Plouffe, CGBD’s Chief Executive Officer said, “We delivered consistent performance in the third quarter of 2024, capitalizing on increased new deal activity and the strength of our existing portfolio companies. With another strong quarter of originations, we benefited from access to the broader Carlyle Global Credit Platform, as we supplemented our core cash flow strategy with differentiated deal flow and specialty lending capabilities. We remain disciplined in our investment and portfolio management approach and are committed to executing on our strategy of providing investors with resilient, stable cash flows and principal protection.”

Net investment income for the third quarter of 2024 was $0.47 per common share with Adjusted Net Investment Income Per Share⁽¹⁾ of $0.49 after adjusting for the acceleration of debt issuance costs relating to the 2015-1R CLO Reset (as defined below), net of incentive fees. Net asset value per common share decreased by 0.6% for the third quarter to $16.85 from $16.95 as of June 30, 2024. The total fair value of our investments was $1.7 billion as of September 30, 2024.

Dividends

On November 4, 2024, the Board of Directors declared a base quarterly common dividend of $0.40 per share plus a supplemental common dividend of $0.05 per share. The dividends are payable on January 17, 2025 to common stockholders of record on December 31, 2024.

On September 26, 2024, the Company declared a cash dividend on the Preferred Stock for the period from July 1, 2024 to September 30, 2024 in the amount of $0.438 per Preferred Share to the holder of record on September 30, 2024.

Conference Call

The Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, November 6, 2024 to discuss these quarterly financial results. The conference call will be available via public webcast via a link on Carlyle Secured Lending’s website and will also be available on our website soon after the call’s completion.

Non-GAAP Financial Measures

On a supplemental basis, the Company is disclosing Adjusted Net Income Per Share, which is calculated and presented on a basis other than in accordance with GAAP (“non-GAAP”). The Company’s management uses this non-GAAP financial measure internally to analyze and evaluate financial results and performance and believes that this non-GAAP financial measure is useful to investors as an additional tool to evaluate ongoing results and trends for the Company and to review the Company’s performance without giving effect to one-time or non-recurring investment income and expense events, including the effect on incentive fees. The presentation of this non-GAAP measure is not intended to be a substitute for financial results prepared in accordance with GAAP and should not be considered in isolation.

The Company’s management uses the non-GAAP financial measure described above internally to analyze and evaluate financial results and performance and to compare its financial results with those of other business development companies that have not had similar one-time or non-recurring events. The Company’s management believes “Adjusted Net Investment Income Per Share” is useful to investors as an additional tool to evaluate ongoing results and trends for the Company without giving effect to one-time or non-recurring events and are used by management to evaluate the economic earnings of the Company.

The following details the one-time or non-recurring events considered as part of the non-GAAP measure. The non-GAAP measure is reflected net of any incentive fee impacts, as applicable.
- On July 2, 2024, Carlyle Direct Lending CLO 2015-1R LLC, a wholly-owned and consolidated subsidiary of the Company, completed the refinancing of its outstanding notes by redeeming the notes in full and issuing new notes and loans (the “2015-1R CLO Reset”). Refer to Note 8, Borrowings, in the Company’s Form 10-Q for the Quarterly Period ended September 30, 2024 for more information on the refinancing. In connection with the refinancing, the debt issuance costs were accelerated in accordance with GAAP.
Carlyle Secured Lending, Inc.

CGBD is an externally managed specialty finance company focused on lending to middle-market companies. CGBD is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group Inc. Since it commenced investment operations in May 2013 through September 30, 2024, CGBD has invested approximately $8.5 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. CGBD’s investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies. CGBD has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.

Web: carlylesecuredlending.com

About Carlyle

Carlyle (“Carlyle,” or the “Adviser”) (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 employees in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Contacts:

Investors: Media:

Nishil Mehta Kristen Greco Ashton

+1-212-813-4928
publicinvestor@carlylesecuredlending.com +1-212-813-4763
kristen.ashton@carlyle.com

The MIL Network –
January 26, 2025
MIL-OSI: H&R Block to Participate in the Northcoast Research 2024 Management Fall Forum

Source: GlobeNewswire (MIL-OSI)

KANSAS CITY, Mo., Nov. 05, 2024 (GLOBE NEWSWIRE) — H&R Block, Inc. (NYSE: HRB) today announced that Jeff Jones, President and Chief Executive Officer, and Tiffany Mason, Chief Financial Officer, will host virtual investor meetings at the Northcoast Research 2024 Management Fall Forum on Tuesday, November 12, 2024.

To request a meeting, please contact your Northcoast Research salesperson.

About H&R Block
H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time, and be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.

For Further Information

The MIL Network –

January 26, 2025
MIL-OSI: Devon Energy Reports Third-Quarter 2024 Results and Declares Quarterly Dividend

Source: GlobeNewswire (MIL-OSI)

OKLAHOMA CITY, Nov. 05, 2024 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third-quarter 2024. The company also declared its quarterly dividend and provided an updated 2024 outlook. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.

The company’s third-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Nov. 6, 2024, and will serve primarily as a forum for analyst and investor questions and answers.

ABOUT DEVON ENERGY

Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

Investor Contacts
Rosy Zuklic, 405-552-7802
Chris Carr, 405-228-2496 Media Contact
Michelle Hindmarch, 405-552-7460

This press release was published by a CLEAR® Verified individual.

The MIL Network –

January 26, 2025

MIL-OSI: Key Tronic Corporation Announces Results for the First Quarter of Fiscal Year 2025

Source: GlobeNewswire (MIL-OSI)

SPOKANE VALLEY, Wash., Nov. 05, 2024 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended September 28, 2024.

For the first quarter of fiscal year 2025, Key Tronic reported total revenue of $131.6 million, compared to $150.1 million in the same period of fiscal year 2024. Revenue in the first quarter of fiscal year 2025 was adversely impacted by customer-driven design and qualification delays of three programs that we believe impacted revenue by approximately $9 million. These delays have since been resolved on two of these programs and shipments have resumed in the second quarter. Production in Key Tronic’s Mexico facilities in the first quarter of fiscal year 2025 increased by approximately 10% sequentially from the prior quarter.

The Company saw significant improvement in its production efficiencies compared to the first quarter of fiscal year 2024, primarily as a result of recent headcount reductions, continued improvements in the supply chain and a favorable decline in the exchange rate of the Mexican Peso. Gross margins were 10.1% and operating margins were 3.4% in the first quarter of fiscal year 2025, up from 7.2% and 2.2%, respectively, in the same period of fiscal year 2024.

Net income was $1.1 million or $0.10 per share for the first quarter of fiscal year 2025, compared to net income of $0.3 million or $0.03 per share for the same period of fiscal year 2024. Adjusted net income was $1.2 million or $0.11 per share for the first quarter of fiscal year 2025, compared to $0.0 million or $0.00 per share for the same period of fiscal year 2024. See “Non-GAAP Financial Measures,” below for additional information about adjusted net income and adjusted net income per share.

“While we did not meet revenue expectations in our first quarter of fiscal 2025 due to unavoidable delays for a few programs, we are pleased to see our improved operating efficiencies, margins, and liquidity,” said Brett Larsen, President and CEO. “The recent workforce reductions in Mexico, trimming of non-profitable programs, and making a concerted effort to improve working capital are starting to pay off. We also continued to reduce our inventories, which are now much more in line with our revenue levels. Over the longer term, we expect that these strategic changes will improve our overall profitability.”

“During the first quarter, we also continued to win new business, including new programs in manufacturing equipment, vehicle lighting, and commercial pest control. We believe we are well positioned for increased growth and profitability in coming periods.”

The financial data presented for the first quarter of fiscal 2025 should be considered preliminary and could be subject to change, as the Company’s independent auditor has not completed their review procedures.

Business Outlook

For the second quarter of fiscal 2025, Key Tronic expects to report revenue in the range of $130 million to $140 million and earnings in the range $0.05 to $0.15 per diluted share. These expected results assume an effective tax rate of 20% in the coming quarter.

Conference Call

Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) today. A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 888-394-8218 or +1-313-209-4906 (Access Code: 7268667). The Company will also reference accompanying slides that can be viewed with the webcast at www.keytronic.com under “Investor Relations”. A replay will be available at www.keytronic.com under “Investor Relations”.

About Key Tronic

Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers with full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com

Forward-Looking Statements

Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to those including such words as aims, anticipates, believes, continues, estimates, expects, hopes, intends, plans, predicts, projects, targets, will, or would, similar verbs, or nouns corresponding to such verbs, which may be forward looking. Forward-looking statements also include other passages that are relevant to expected future events, performances, and actions or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its expectations with respect to financial conditions and results, including revenue and earnings, cost savings from headcount reduction and the Mexican Peso exchange rate, demand for certain products and the effectiveness of some of its programs, business from customers and programs, and impacts from operational streamlining and efficiencies. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the future of the global economic environment and its impact on our customers and suppliers; the availability of components from the supply chain; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; timing and effectiveness of ramping of new programs; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the previously reported financial statement restatements and related material weaknesses, the May 2024 cybersecurity incident and the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.

Non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared in accordance with generally accepted accounting principles in the United States (GAAP), we use certain non-GAAP financial measures, adjusted net income and adjusted net income per share, diluted. We provide these non-GAAP financial measures because we believe they provide greater transparency related to our core operations and represent supplemental information used by management in its financial and operational decision making. We exclude (or include) certain items in our non-GAAP financial measures as we believe the net result is a measure of our core business. We believe this facilitates operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain income and expense items that would not otherwise be apparent on a GAAP basis. Non-GAAP performance measures should be considered in addition to, and not as a substitute for, results prepared in accordance with GAAP. We strongly encourage investors and shareholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Our non-GAAP financial measures may be different from those reported by other companies. See the table below entitled “Reconciliation of GAAP to non-GAAP measures” for reconciliations of adjusted net income to the most directly comparable GAAP measure, which is GAAP net income, and the computation of adjusted net income per share, diluted.


KEY TRONIC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited)

	Three Months Ended
	September 28, 2024		September 30, 2023
Net sales	$	131,558	$	150,112
Cost of sales		118,255		139,250
Gross profit		13,303		10,862
Research, development and engineering expenses		2,289		2,241
Selling, general and administrative expenses		6,570		5,784
Gain on insurance proceeds, net of losses		—		(431	)
Total operating expenses		8,859		7,594
Operating income		4,444		3,268
Interest expense, net		3,263		3,011
Income before income taxes		1,181		257
Income tax (benefit) provision		57		(78	)
Net income	$	1,124	$	335
Net income per share — Basic	$	0.10	$	0.03
Weighted average shares outstanding — Basic		10,762		10,762
Net income per share — Diluted	$	0.10	$	0.03
Weighted average shares outstanding — Diluted		10,762		11,003


KEY TRONIC CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)

	September 28, 2024			June 29, 2024
ASSETS
Current assets:
Cash and cash equivalents	$	6,555		$	4,752
Trade receivables, net of credit losses of $3,129 and $2,918		133,984			132,559
Contract assets		23,626			21,250
Inventories, net		95,845			105,099
Other, net of credit losses of $1,642 and $1,679		28,273			24,739
Total current assets		288,283			288,399
Property, plant and equipment, net		27,910			28,806
Operating lease right-of-use assets, net		14,612			15,416
Other assets:
Deferred income tax asset		18,394			17,376
Other		6,735			5,346
Total other assets		25,129			22,722
Total assets	$	355,934		$	355,343
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	83,768		$	79,394
Accrued compensation and vacation		6,870			6,510
Current portion of long-term debt		3,057			3,123
Other		18,450			15,149
Total current liabilities		112,145			104,176
Long-term liabilities:
Long-term debt, net		109,675			116,383
Operating lease liabilities		9,573			10,312
Deferred income tax liability		74			263
Other long-term obligations		124			219
Total long-term liabilities		119,446			127,177
Total liabilities		231,591			231,353
Shareholders’ equity:
Common stock, no par value—shares authorized 25,000; issued and outstanding 10,762 and 10,762 shares, respectively		47,351			47,284
Retained earnings		78,045			76,921
Accumulated other comprehensive income (loss)		(1,053	)		(215	)
Total shareholders’ equity		124,343			123,990
Total liabilities and shareholders’ equity	$	355,934		$	355,343

KEY TRONIC CORPORATION AND SUBSIDIARIES Reconciliation of GAAP to non-GAAP measures (In thousands, except per share amounts) (Unaudited)

	Three Months Ended
	September 28, 2024			September 30, 2023
GAAP net income	$	1,124		$	335
Gain on insurance proceeds (net of losses)		—			(431	)
Stock-based compensation expense		67			59
Income tax effect of non-GAAP adjustments (1)		(13	)		74
Adjusted net income:	$	1,178		$	37

Adjusted net income per share — non-GAAP Diluted	$	0.11		$	0.00
Weighted average shares outstanding — Diluted		10,762			11,003

(1) Income tax effects are calculated using an effective tax rate of 20%, which approximates the statutory GAAP tax rate for the presented periods.


CONTACTS:	Tony Voorhees	Michael Newman
	Chief Financial Officer	Investor Relations
	Key Tronic Corporation	StreetConnect
	(509)-927-5345	(206) 729-3625

The MIL Network –

January 26, 2025

MIL-OSI: Wilmington Announces 2024 Third Quarter Results

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (TSX: WCM.A, WCM.B) (“Wilmington” or the “Corporation”) reported net income for the three months ended September 30, 2024, of $0.05 million or $0.00 per share and net income for the nine months ended September 30, 2024 of $1.2 million or $0.09 per share, compared to net income of $2.4 million or $0.19 per share and $2.5 million and $0.20 per share for the same periods in 2023.

A summary of the Corporation’s activities is set out below:

Overview
During the past 15 months the Corporation has monetized several of its investments in order to unlock the embedded value, which had been substantially realized, simplify its business, return capital to its shareholders and pursue transactions better suited to creating value and liquidity for shareholders.

On May 7, 2024, the Corporation paid a special dividend and a return of capital distribution totaling $2.75 per Class A and Class B share, or $33.9 million. Class A shareholders received $1.25 per Class A share as a return of capital and $1.50 as an eligible dividend. Class B shareholders received $1.12 per Class B share as a return of capital and $1.63 as an eligible dividend.

On August 7, 2024, the Shareholders of the Corporation approved the disposition of all or substantially all of the assets of the Corporation. The Corporation completed the sale of the assets of Bow City 2 Limited Partnership (“Bow City Seton”), a wholly owned subsidiary of the Corporation on August 30, 2024. The assets were sold on a cost recovery basis. On November 1, 2024, the Corporation completed the sale of its interest in the Sunchaser RV Resorts Limited Partnership (“Sunchaser Partnership”) for proceeds of $ 4.7 million. The Corporation is evaluating options to sell its 18.2% interest in the Bay Moorings Partnership, which is its remaining asset. The Bay Moorings Partnership is reviewing various options to repay advances made by the Corporation. The Corporation estimates that the sale of its interest in the Bay Moorings Partnership together with the repayment of advances will generate proceeds of approximately $5.5 million.

Outlook
The Corporation has taken great strides to reassess its business opportunities in the context of a changing economic environment, simplify its business, and reward shareholders for their support through the payment of dividends and return of capital. As at November 5, 2024, and taking into account the sale of the Corporation’s investment in the Sunchaser Partnership, the Corporation had cash on hand of approximately $32 million. At the completion of monetizing its remaining investments, the Corporation expects to have cash on hand, net of liabilities, of $35 million. The Corporation is actively seeking out opportunities to scale its public platform through transactions which will create value and liquidity for shareholders.

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)

(unaudited)	Three months ended September 30				Nine months ended September 30,
($ thousands, except per share amounts)	2024		2023		2024		2023
Revenues
Management fee revenue	240		305		640		640
Interest, distributions and other income	315		1,022		1,401		2,660
	555		1,327		2,041		3,300
Expenses
General and administrative	(440	)	(423	)	(1,887	)	(1,331	)
Amortization	(7	)	(7	)	(21	)	(21	)
Finance costs	(1	)	(2	)	(4	)	(5	)
Stock-based compensation	—		(23	)	(18	)	(94	)
	(448	)	(455	)	(1,930	)	(1,451	)
Fair value adjustments and other activities
Fair value changes to investments	(30	)	1,700		164		1,180
Gain from dispositions	—		—		947		—
Equity accounted income (loss)	—		19		—		(6	)
	(30	)	1,719		1,111		1,174
Income before income taxes	77		2,591		1,222		3,023
Current income tax expense	(20	)	(347	)	(481	)	(540	)
Deferred income tax recovery	—		140		453		37
Provision for income taxes	(20	)	(207	)	(28	)	(503	)
Net income	57		2,384		1,194		2,520
Other comprehensive income
Items that will not be reclassified to net income (loss):
Fair value changes to investments	—		(518	)	—		(688	)
Related income taxes	—		(30	)	36		(17	)
Other comprehensive income (loss), net of income taxes	—		(548	)	36		(705	)
Comprehensive income	57		1,836		1,230		1,815

Net income per share
Basic	—		0.19		0.09		0.20
Diluted	—		0.19		0.09		0.20

CONSOLIDATED BALANCE SHEETS

(unaudited)	September 30,	December 31,
($ thousands)	2024	2023

Assets
NON-CURRENT ASSETS
Investment in Maple Leaf Partnerships	910	22,910
Investment in Sunchaser Partnership	—	4,700
Investment in Energy Securities	—	7,584
Land held for development	—	6,632
Right-of-use asset	42	64
	952	41,890
CURRENT ASSETS
Cash	27,849	10,664
Short term securities	—	17,000
Amounts receivable and other	5,423	4,616
Asset classified as held for sale	4,670	—
Total assets	38,894	74,170

Liabilities
NON-CURRENT LIABILITIES
Deferred income tax liabilities	196	1,773
Lease liabilities	70	85
	266	1,858
CURRENT LIABILITIES
Lease liabilities	38	38
Income taxes payable	905	171
Amounts payable and other	607	800
Total liabilities	1,816	2,867

Equity
Shareholders’ equity	35,619	51,324
Contributed surplus	—	1,132
Retained earnings	1,240	10,364
Accumulated other comprehensive income	219	8,483
Total equity	37,078	71,303
Total liabilities and equity	38,894	74,170

Executive Officers of the Corporation will be available at 403-705-8038 to answer any questions on the Corporation’s financial results.

STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND OTHER MEASUREMENTS
Certain statements included in this document may constitute forward-looking statements or information under applicable securities legislation. Forward-looking statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial conditions, expected financial results, performance, opportunities, priorities, ongoing objectives, strategies and outlook of the Corporation and its investee entities and contain words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, or similar expressions and statements relating to matters that are not historical facts constitute “forward-looking information” within the meaning of applicable Canadian securities legislation.

While the Corporation believes the anticipated future results, performance or achievements reflected or implied in those forward-looking statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond the Corporation’s control, which may cause the actual results, performance and achievements of the Corporation to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors and risks that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include but are not limited to: the ability of management of Wilmington and its investee entities to execute its and their business plans; availability of equity and debt financing and refinancing within the equity and capital markets; strategic actions including dispositions; business competition; delays in business operations; the risk of carrying out operations with minimal environmental impact; industry conditions including changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; operational matters related to investee entities business; incorrect assessments of the value of acquisitions; fluctuations in interest rates; stock market volatility; general economic, market and business conditions; risks associated with existing and potential future law suits and regulatory actions against Wilmington and its investee entities; uncertainties associated with regulatory approvals; uncertainty of government policy changes; uncertainties associated with credit facilities; changes in income tax laws, tax laws; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; and other risks, factors and uncertainties described elsewhere in this document or in Wilmington’s other filings with Canadian securities regulatory authorities.

The foregoing list of important factors that may affect future results is not exhaustive. When relying on the forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, that may be as a result of new information, future events or otherwise. These forward-looking statements are effective only as of the date of this document.

The MIL Network –

January 26, 2025

MIL-OSI: Institute for Catastrophic Loss Reduction formally opens Winnipeg Climate Resilience Centre
Source: GlobeNewswire (MIL-OSI)

WINNIPEG, Manitoba, Nov. 05, 2024 (GLOBE NEWSWIRE) — The Institute for Catastrophic Loss Reduction (ICLR) is very pleased to announce the formal launch of its Climate Resilience Centre in downtown Winnipeg. The centre was made possible through generous contributions from Wawanesa, including the provision of office space in the company’s former executive office at 191 Broadway and operating funds.

“ICLR is thrilled to partner with Wawanesa on this trailblazing facility,” said Paul Kovacs, Executive Director of the Institute for Catastrophic Loss Reduction. “After this year’s horrendous series of storm and wildfire-related losses that have led to a record $8 billion in insurance claims, it has never been more clear that all facets of Canadian society must work together to foster resilience to extremes. In the context of making Canadian homes, both existing and new, stronger against nature’s extremes, we know what features need to be added. The new ICLR Climate Resilience Centre in Winnipeg allows attendees to see these features in action.”

“As Canada’s leading property and casualty mutual insurer, we see firsthand the devastating impact of severe weather across the country,” said Jeff Goy, President & CEO of Wawanesa. “Driven by our commitment to building stronger, more resilient communities, Wawanesa is proud to support the Institute for Catastrophic Loss Reduction’s new Climate Resilience Centre in our former executive office in Winnipeg. This facility will serve as a critical resource in equipping Canadians with the knowledge to better protect themselves against the growing threats of climate change, helping them to reduce their risk of loss.”

The Climate Resilience Centre will serve as a destination for various stakeholders, such as insurers, reinsurers, brokers, home builders, building code officials and others to come together and learn about best practices and the issues involved in becoming more climate resilient. This includes:
- Developing programming with national reach, distributing information to various stakeholders that is relevant to climate risks across the country.
- Free attendance, allowing groups to book the premises for education sessions, host events and to collaborate in person.
- Multimedia and other hands-on displays highlighting practical strategies for property loss mitigation developed by ICLR and sponsored by Wawanesa. The displays will be able to travel to communities for education events to address hazards such as basement flooding/sewer backup, wildfire, overland flooding, extreme wind, and hail.
- A dedicated space sponsored by Wawanesa that will encourage attendees to come together to share knowledge and learn.
Tours of the ICLR Climate Resilience Centre can be booked, and inquiries about borrowing the displays can be made by visiting www.iclr.org/climatecentre/.

About The Institute for Catastrophic Loss Reduction (ICLR)
Canada’s leading disaster research institute, the Institute for Catastrophic Loss Reduction (ICLR), was established by the insurance industry in 1997 as an independent, not-for-profit research and outreach institute to champion disaster resilience in Canada. ICLR is an international centre of excellence affiliated with Western University, London, Ontario. The Institute develops and champions evidence-based disaster safety solutions that can be implemented by homeowners, businesses and governments to enhance their disaster resilience. Visit www.iclr.org for more information.

About The Wawanesa Mutual Insurance Company
The Wawanesa Mutual Insurance Company, founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion. Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada. The company actively gives back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. Learn more at wawanesa.com.

For more information:
Michel Rosset
Manager, Corporate Communications & Media Relations
The Wawanesa Mutual Insurance Company
media@wawanesa.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/2b304c1a-bceb-4c48-81ab-b15fbf482fd5

https://www.globenewswire.com/NewsRoom/AttachmentNg/df5d68f1-6b5a-4a3e-aef0-b2630d979275

https://www.globenewswire.com/NewsRoom/AttachmentNg/ec5a4ca6-49a7-425f-a354-f6b7a926aa64

The MIL Network –
January 26, 2025
MIL-OSI: Microchip Technology Increases Quarterly Cash Dividend 3.6% Year-Over-Year to 45.5 Cents Per Share

Source: GlobeNewswire (MIL-OSI)

CHANDLER, Ariz., Nov. 05, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.5 cents per share. The dividend is payable on December 6, 2024, to stockholders of record on November 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 83 times since then.

About Microchip:

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 116,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

INVESTOR RELATIONS CONTACT:

Sajid Daudi — Head of investor Relations….. (480) 792-7385

The Microchip logo and name are registered trademarks of Microchip Technology Incorporated.

The MIL Network –

January 26, 2025

MIL-OSI: Nasdaq Executives to Present at Upcoming Investor Conferences

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) will be presenting at the following conferences in November with webcasts available at Nasdaq’s Investor Relations website: ir.nasdaq.com/events.cfm.

Who:	Adena Friedman, Chair and CEO, Nasdaq
What:	J.P. Morgan Ultimate Services Investor Conference
When:	Thursday, November 14, 2024
	2:30 PM ET

Who:	Sarah Youngwood, Executive Vice President & CFO, Nasdaq
What:	RBC Capital Markets Technology, Internet, Media and Telecommunications Conference
When:	Tuesday, November 19, 2024
	9:20 AM ET

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Media Relations Contact:

Nick Eghtessad
+1.929.996.8894
Nick.Eghtessad@Nasdaq.com

Investor Relations Contact:

Ato Garrett
+1.212.401.8737
Ato.Garrett@Nasdaq.com

-NDAQF-

The MIL Network –

January 26, 2025

MIL-OSI: HP Inc. to Announce Fourth Quarter Fiscal 2024 Earnings on Nov 26, 2024

Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) will present a live audio webcast of a conference call to review financial results for the fourth fiscal quarter and fiscal year ended October 31, 2024 on Tuesday, Nov 26, 2024 at 5:30 p.m. ET / 2:30 p.m. PT.

The webcast will be available at www.hp.com/investor/2024Q4Webcast.

A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year.

About HP Inc.

HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com.

©Copyright 2024 HP Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

The MIL Network –

January 26, 2025
MIL-OSI Security: Twelve Indicted in Connection with Violent Drug Trafficking Gang That Distributed Fentanyl in Seattle and Everett

Source: Federal Bureau of Investigation (FBI) State Crime News

Group referred to two distribution sites in U District of Seattle as “the House” and “the Office” – Leader shot dead outside one location earlier this year

Seattle – A coordinated law enforcement operation over the last 48 hours has resulted in eleven arrests of members of a drug trafficking ring that set up shop in the University District of Seattle, announced U.S. Attorney Tessa M. Gorman. A year-long wire-tap investigation led to the indictment of 11 defendants on drug distribution and weapons charges. A twelfth defendant with ties to the organization was indicted on illegal weapons possession in connection with a deadly shooting at a Hookah bar in South Seattle. The defendants arrested over the last two days have or will be making appearances in U.S. District Court in Seattle.

“These defendants were prolific fentanyl dealers who were frequently armed when guarding their stash or distributing their drugs,” said U.S. Attorney Gorman. “The danger to the community cannot be overstated in this case. The leader of the drug crew was gunned down last summer – right in front of one of the U District locations where members of the crew distributed their poison, and continued do so, following the deadly shooting.”

“This operation exemplifies the power of collaboration among law enforcement agencies at all levels,” said Special Agent in Charge Robert Hammer, who oversees HSI operations in the Pacific Northwest. “By uniting our resources and expertise, we have successfully dismantled a criminal network that has endangered our communities through violent acts and the distribution of fentanyl. Together, we will continue to fight against violent crime and protect the lives of our citizens.”

“There’s no true relief for those who have lost loved ones to drug-related crime or rising overdoses,” said Assistant Special Agent in Charge Carrie Nordyke of IRS-CI Seattle. “We stand with our law enforcement partners to stop groups that profit from the fentanyl epidemic by following the money.”

Thirty-one locations were searched yesterday by some 600 law enforcement officers from ten different agencies. A total of eleven people were arrested: nine of those indicted and two additional defendants were arrested on criminal complaints.

Three defendants are indicted for both gun and drug crimes:

Cooper Sherman, aka “Coop,” 27, of Seattle is charged with conspiracy, two counts of possessing fentanyl with intent to distribute, one count of possessing a firearm in furtherance of a drug trafficking crime, and one count of carrying a firearm during and in relation to a drug trafficking crime.

Alvin Whiteside, aka “Mafia, 51, of Federal Way is charged with conspiracy, one count of possessing fentanyl with intent to distribute, and one count of carrying a firearm during and in relation to a drug trafficking crime. Whiteside is in state custody and will be transferred to federal custody.

Muhamed Ceesay, aka “Mo,” 27, of Lynnwood is charged with conspiracy, two counts of distributing fentanyl, one count of possessing fentanyl with intent to distribute, and one count of possessing a firearm in furtherance of a drug trafficking crime. Ceesay remains a fugitive.

These eight defendants are charged in the indictment for the drug conspiracy and various drug distribution crimes:

Ali Kuyateh, aka “Pops,” 49, of Seattle

Lamin Saho aka “Buck,” 38, of Everett, Washington

Oche Poston, 31, of Everett, Washington

Jaquan Means, 45, of Bellevue, Washington

Dominque Sanders, 34, of Everett, Washington – remains a fugitive.

Patrick Smith, 27 of Edmonds, Washington – remains a fugitive.

Matthew Robinson, 37, of Everett, Washington

Yohannes Wondimagegnehu, aka “Jon,” 35, of Seattle

Finally, Khaliil Ahmed, aka “Bossup,” 26, of Kent, Washington, was identified as someone who supplied guns to members of the conspiracy. He is charged in a separate indictment with three counts of illegal possession of firearms, and one count of illegal possession of ammunition. Two of the charges relate to guns he possessed on August 20, 2023, at the time of a fatal shooting at a hookah bar in South Seattle. Ahmed was injured in the shooting and three others were killed. The final two charges relate to a firearm and ammunition he possessed on May 30, 2024. Ahmed is prohibited from possessing firearms due to a 2022 conviction for illegally possessing firearms.

Two defendants – Anteneh Tesfaye, 39, of Edmonds, Washington, and Michael Janisch, 25, of Mercer Island, Washington, were arrested on criminal complaints.

Over the course of the investigation law enforcement has seized more than 19 kg of fentanyl, 12 firearms, and more than $130,000 in cash. In the operations yesterday they seized over 50 firearms to include fully automatic weapons and handguns with Glock switches; thousands of rounds of ammunition, including high capacity drum magazines, and armor-piercing rounds; several hundred thousand dollars of bulk cash and jewelry; 1 kilogram of fentanyl and 4 kilograms of cocaine.

The charges contained in the indictments are only allegations. A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

This case is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF .

This investigation was led by Homeland Security Investigations (HSI), with significant participation by Seattle Police Department (SPD), Internal Revenue Service Criminal Investigation (IRS-CI), Washington State Patrol (WSP), FBI, Drug Enforcement Administration (DEA), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), U.S. Customs and Border Protection (CBP) Office of Field Operations, Customs and Border Protection Air and Marine Operations, U.S. Border Patrol, the King County Sheriff’s Office, the Bellevue Police Department, U.S. Marshals Service (USMS), Everett Police Department, Renton Police Department, U.S. Food and Drug Administration (FDA), Washington State National Guard, Washington State Gambling Commission, Yakima County Law Enforcement Against Drugs (L.E.A.D) Narcotics and Gang Task Force, and Northwest High Intensity Drug Trafficking Area (HIDTA).

The case is being prosecuted by Assistant United States Attorneys Michelle Jensen and Joseph Silvio.

MIL Security OSI –

January 26, 2025
MIL-OSI USA: Beyond the Console: Kenneth Attocknie’s Mission to Bridge Cultures at NASA

Source: NASA

From the Mission Control Center to community celebrations, Kenneth Attocknie blends safety expertise with a commitment to cultural connection.
For the past 25 years at NASA, Attocknie has dedicated his career to safeguarding the International Space Station and supporting real-time mission operations at Johnson Space Center in Houston.
As a principal safety engineer in the Safety and Mission Assurance Directorate, Attocknie ensures the safe operation of the space station’s environmental control and life support system. This system is vital for maintaining the life-sustaining environment aboard the orbiting laboratory— a critical foundation for similar systems planned for future Artemis missions.

As a contractor with SAIC, Attocknie has served as a flight controller, astronaut crew office engineer, and astronaut crew instructor. He joined NASA just as the first two modules of the space station, Zarya and Unity, connected in space on Dec. 6, 1998.
“I’ve supported the space station ever since and have been blessed to witness the remarkable progression of this amazing orbiting experiment,” he said. “I feel I have found a way to contribute positively to NASA’s mission: to improve life for all people on our planet.”
He also contributed to closing out the Space Shuttle Program and worked in system safety for the Constellation program.
As part of SAIC’s Employee Resource Group, Attocknie supports the Mathematics, Engineering, Science Achievement project, which uses project-based learning to inspire high school students from underrepresented communities to pursue careers in science, technology, engineering, and mathematics. He continues to advocate for Native Americans as a member of the American Indian Science and Engineering Society, helping NASA engage with college students across Indian Country.

Attocknie strives to contribute to a space exploration legacy that uplifts and unites cultures, paving the way for a future in human spaceflight that honors and empowers all.
A member of the Comanche and Caddo tribes of Oklahoma, he has made it his mission to create a cross-cultural exchange between NASA and Native communities to provide opportunities for Natives to visit Johnson.
One of his proudest moments was organizing a Native American Heritage Month event with NASA’s Equal Opportunity and Diversity Office. The celebration brought together Native dancers and singers from Oklahoma and Texas to honor their heritage at Johnson.
“Seeing the Johnson community rally around this event was amazing,” said Attocknie. “It was a profound experience to share and celebrate my culture here.”

Overcoming challenges and setbacks has been part of his NASA experience as well. “Finding and achieving my purpose is always an ongoing journey,” he said. “Accepting what might seem like a regression is the first step of growth. There’s always a lesson to be found, and every disappointment can fuel a new ambition and direction. Ride the waves, be humble, learn lessons, and above all, always keep going.”
He believes that NASA’s mission is deeply connected to diversity and inclusion. “You can’t truly benefit humankind if you don’t represent humankind,” said Attocknie. “The status quo may feel comfortable, but it leads to stagnation and is the antithesis of innovation.”

Attocknie’s hope for the Artemis Generation? “A healthier planet, society, and the desire to pass on lessons of stewardship for our environment. All life is precious.”
He sees NASA as a gateway to a brighter future: “NASA can truly harness its influence to be an example for our planet, not only in the new heavenly bodies we journey to but also in the new human spirits we touch.”

MIL OSI USA News –

January 26, 2025
MIL-OSI Security: Bay d’Espoir — Bay d’Espoir RCMP investigates break and enter at Canada Post storage shed

Source: Royal Canadian Mounted Police

Bay d’Espoir RCMP is investigating a break, enter and theft that occurred at a Canada Post storage shed sometime between Saturday, November 2 and Monday, November 4.

Shortly before 2:30 p.m. on Monday, police received the report of the crime that occurred at the storage shed located on Route 360, approximately 1 km north of the Route 361 turnoff. Suspect(s) forced entry into the shed, causing property damage. In the same area, a passenger van was stolen and was later recovered abandoned at an apartment building parking lot in Grand Falls-Windsor. See images attached.

Police believe the two incidents may be related. The investigation is continuing.

Anyone with information about this crime or the identity of those responsible is asked to contact Bay d’Espoir RCMP at 709-882-2230. To remain anonymous, contact Crime Stoppers: #SayItHere 1-800-222-TIPS (8477), visit www.nlcrimestoppers.com or use the P3Tips app.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Albuquerque FBI Division Announces It’s 2025 Citizen’s Academy
Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

Have you ever wondered how the FBI solves a case? Want to hear about the work agents are doing across New Mexico? Special Agent in Charge Raul Bujanda welcomes business, civic, and faith-based community leaders to apply for FBI Albuquerque’s Citizens Academy program, where we will give participants a first-hand look into life at the FBI.

“The FBI’s Citizens Academy provides an incredible opportunity for members of the community to better understand the work of the FBI and partner with us in keeping New Mexico citizens safe,” said Raul Bujanda, special agent in charge for the FBI Albuquerque Division. “The FBI Citizens Academy program is a unique opportunity for us to share our work one-on-one with community leaders of all backgrounds, and for them to provide us with feedback. Through frank discussion and information sharing, we can improve relationships and advance our mission to protect all Americans.”

FBI Albuquerque is now accepting nominations for the 2025 FBI Citizens Academy. Over the course of 8 sessions this spring, select business, religious, civic, and community leaders will be given an opportunity to go behind the scenes of local FBI operations and experience case studies and demonstrations led by Special Agents, Intelligence Analysts, and FBI Professional Staff. Topics will include how the FBI works to combat violent crime, human trafficking, cybercrime, counterintelligence, Indian Country, terrorism, and how teams train in forensics, firearms, evidence recovery, and more.
- When: Wednesday evenings February 19th, 2025 – April 23rd, 2025
- Where: FBI Albuquerque 4200 Luecking Park Ave NE, Albuquerque New Mexico 87107
How to Apply: The FBI Citizens Academy is open to anyone with an interest in learning how the FBI works to protect and serve the community. Candidates can be nominated by a program alumnus, former or current FBI employee, or self-nominated. The nomination form must be completed in full and returned by the close of business on Friday, December 20, 2024. If selected, there is no cost to attend. Questions regarding the program or application process can be directed to aq.outreach@fbi.gov

Requirements:
- Business, religious, civic, or community leader
- Be at least 21 years of age
- No felony or serious misdemeanor convictions
- Cannot be under investigation as a subject in a criminal case
- Must live or work in New Mexico
- Must agree to and pass a limited background check
- Must be able to attend classes in person
MIL Security OSI –
January 26, 2025
MIL-OSI Security: Two National MS-13 Gang Leaders and Other MS-13 Members and Associates Indicted for Murders in Queens and Long Island
Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

Superseding Indictment Adds Charges Relating to Three Murders, Including Charges Against National Gang Leaders Edenilson Velasquez Larin and Hugo Diaz Amaya
A 49-count superseding indictment was unsealed today in federal court in Brooklyn that includes new charges relating to murders allegedly ordered and committed by national leaders, members and associates of the violent transnational criminal organization La Mara Salvatrucha, also known as MS-13. To date, multiple MS-13 members and associates have been charged in the case for numerous crimes including the murders of Andy Peralta in 2018, Victor Alvarenga in 2018, Abel Mosso in 2019 and Eric Monge in 2020. The superseding indictment filed today includes new charges against the following MS-13 members and associates:
- Edenilson Velasquez Larin, also known as “Agresor,” “Saturno,” “Tiny,” “Erick” and “Paco,” allegedly a national leader of MS-13 and the Fulton Locos Salvatruchas (Fulton) clique, who is charged with the 2016 murder of Kenney Reyes and for ordering the murders of Monge in 2020 and Oswaldo Gutierrez Medrano in 2022.
- Hugo Diaz Amaya, also known as “21” and “Splinter,” allegedly another national leader of MS-13 and the Park View Locos Salvatruchas clique, who is charged with racketeering conspiracy and the murder of Gutierrez Medrano in 2022.
- Numerous other members of the Fulton clique, all of whom were previously charged in the case, have also now been charged with the murders of Reyes, Monge and Gutierrez Medrano.
Breon Peace, United States Attorney for the Eastern District of New York, James E. Dennehy, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), William S. Walker, Special Agent in Charge, Homeland Security Investigations (HSI), New York, Thomas G. Donlon, Interim Commissioner, New York City Police Department (NYPD), and Patrick Ryder, Commissioner, Nassau County Police Department (NCPD), announced the arrests and charges.

“My Office and our law enforcement partners have worked tirelessly to hold MS-13 accountable for the unspeakable harm it has done to its victims and our communities. As these charges make clear, our pursuit of those responsible will not be deterred by the passage of time or by the leaders of MS-13’s futile attempts to hide in the shadows,” stated United States Attorney Peace. “This indictment strikes yet another blow at MS-13’s leadership and demonstrates our work to dismantle MS-13 from top to bottom.”

Mr. Peace also thanked the FBI Baltimore Field Office’s Cross Border Task Force, the Nassau County District Attorney’s Office and the Suffolk County District Attorney’s Office for their valuable coordination with the investigation.

“Edenilson Velasquez Larin and Hugo Diaz Amaya, national MS-13 leaders, allegedly assumed the role of executioner by ordering and participating with the other charged defendants in a series of brutal murders to achieve status and revenge. These alleged conspiracies highlight the fearmongering and callousness in which MS-13 leaders and members operate. May today’s charges reflect the FBI’s commitment to continue its close collaboration with our law enforcement partners to rigorously dismantle the MS-13 hierarchy and disrupt all gang violence terrorizing our communities,” stated FBI Assistant Director in Charge Dennehy.

“The defendants’ ruthless violence, in furtherance of the MS-13 gang, has no place in society and our communities,” said Special Agent in Charge William S. Walker. “Everyday, HSI New York and our law enforcement partners are utilizing every tool at our disposal to dismantle transnational gangs that jeopardize the safety of New Yorkers, as demonstrated with today’s announcement. No stone will be left unturned in our pursuit of justice on behalf of the victims slain by MS-13 gang members.”

“These new charges highlight the NYPD’s relentless pursuit of individuals terrorizing our communities,” stated NYPD Interim Commissioner Donlon. “We and our law enforcement partners must continue to find and dismantle the gangs that fuel crime on our streets, and we must hold their members accountable for their senseless acts of violence. I express my gratitude to all of our federal, state, and local partners for their steadfast dedication to our shared public safety goal.”

“We want to thank our partners in federal law enforcement, particularly the United States Attorney’s Office, for this collaborative effort to bring these violent and destructive criminals to justice,” stated Nassau County Police Commissioner Patrick Ryder. “From our patrol officers on the street to the dedicated investigators in our Detective Division, the Nassau County Police Department is committed to fighting gang violence and rooting out those who bring destruction to our communities.”

The U.S. Program

As alleged in court filings, MS-13 is an extraordinarily violent street gang operating through “cliques” or chapters in Queens, Long Island and communities across the United States, as well as El Salvador, Honduras and other countries in the Americas and Europe. The gang primarily makes money through drug trafficking and extortion, and is known for its gruesome murders of perceived gang rivals and gang members and associates who have violated the gang’s rules. MS-13 has been responsible for dozens of murders in the Eastern District of New York alone.

Since approximately 2021, virtually all MS-13 cliques in the United States have been united under a single hierarchy known as the “U.S. Program.” The U.S. Program is led by a group of senior gang leaders, most of whom are incarcerated, known as “La Mesa” or “The Table.” La Mesa, among other roles, allegedly authorizes and directs murders throughout the country, including in New York. Prior to their arrests, Velasquez Larin and Diaz Amaya were allegedly two of the few members of La Mesa outside of prison — Velasquez Larin was living in Colorado and Diaz Amaya was living in Kansas — and were among the top leaders responsible for the gang’s operations on the East Coast.

Murder of Kenny Reyes

The superseding indictment adds charges for the 2016 murder in Uniondale, New York, of 18-year-old Kenny Reyes, who had recently come to the United States from Honduras. As alleged in court filings, Fulton clique member Jose Espinoza Sanchez befriended Reyes and learned that he had been associated with the 18th Street gang, rivals of MS-13. Velasquez Larin and Espinoza Sanchez plotted with other members of MS-13 in Nassau County to murder Reyes to increase their positions in the gang. On May 23, 2016, Velasquez Larin, Espinoza Sanchez and two others lured Reyes to a wooded area to smoke marijuana, where they killed him with machetes and buried his body. For years after the murder, Velasquez Larin bragged about their roles in the killing to other MS-13 members.

Murder of Eric Monge

The superseding indictment charges Velasquez Larin and Espinoza Sanchez for their roles in ordering the murder of Eric Monge, and Jose Guevara Aguilar, Jose Arevalo Iraheta and Erick Zavala Hernandez for their participation in the murder. As alleged, in the early morning hours of September 6, 2020, Guevara Aguilar and fellow Fulton clique member Oscar Hernandez Baires shot and killed Monge while he was seated in the front passenger seat of his parked car near his home in Queens. Monge’s wife had just returned to the car after bringing their young children inside their residence when Hernandez Baires and Guevara Aguilar began shooting. After the shooting, Guevara Aguilar and Hernandez Baires ran back to a car where Arevalo Iraheta and Zavala Hernandez were waiting to help them escape. As they fled to the car, Guevara Aguilar dropped his hat, which was later found to have his DNA on it.

Murder of Oswaldo Gutierrez Medrano

The superseding indictment also adds charges relating to the 2022 murder in Nassau County of 20-year-old Oswaldo Gutierrez Medrano, a member of the Sailors clique of MS-13. As alleged, Velasquez Larin and Diaz Amaya ordered the murder of Gutierrez Medrano, and Diaz Amaya coordinated luring Gutierrez Medrano to meet other MS-13 members under the false pretense that he would be receiving a promotion within MS-13. In Nassau County, on February 13, 2022, Gutierrez Medrano allegedly met with those other members of MS-13, including defendants Arevalo Iraheta, Carlos Alvarado, Erick Galdamez Leon and Jose Mejia Hernandez, who allegedly killed him with machetes and knives, dismembered his body and buried him in a wooded area.

The charges in the superseding indictment are allegations, and the defendants are presumed innocent unless and until proven guilty.

This case was investigated as part of the ongoing efforts by the OCDETF, a partnership that brings together the combined expertise of federal, state and local law enforcement agencies. The principal mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking, weapons trafficking and money laundering organizations, and those primarily responsible for the nation’s illegal drug supply.

Today’s charges are the latest in a series of federal prosecutions by the United States Attorney’s Office for the Eastern District of New York targeting members of the MS-13. Since 2003, hundreds of MS-13 members, including dozens of clique leaders, have been convicted on federal felony charges in the Eastern District of New York. A majority of those MS-13 members have been convicted on federal racketeering charges for participating in murders, attempted murders and assaults. Since 2009, this Office has obtained indictments charging MS-13 members with carrying out more than 70 murders in the district and has convicted dozens of MS-13 leaders and members in connection with those murders. These prosecutions are the product of investigations led by our law enforcement partners.

The government’s case is being handled by the Office’s Organized Crime and Gangs Section. Assistant United States Attorneys Jonathan Siegel, Michael W. Gibaldi, Anna L. Karamigios and Sophia M. Suarez are in charge of the prosecution, with the assistance of Paralegal Specialist Eleanor Jaffe-Pachuilo.

New Defendant:

HUGO DIAZ AMAYA (also known as “21” and “Splinter”)
Age: 36
Kansas City, Kansas

Defendants Previously Indicted:

RAMIRO GUTIERREZ (also known as “Cara de Malo”)
Age: 31
Flushing, New York

VICTOR LOPEZ (also known as “Curioso”)
Age: 26
Flushing, New York

TITO MARTINEZ-ALVARENGA (also known as “Imprudente”)
Age: 24
Flushing, New York

ISMAEL SANTOS-NOVOA (also known as “Profe” and “Travieso”)
Age: 36
Flushing, New York

EDENILSON VELASQUEZ LARIN (also known as “Agresor,” “Saturno,” “Tiny,” “Erick” and “Paco”)
Age: 35
Thornton, Colorado

CHRISTIAN ALAS LEON (also known as “Pata de Chucho”)
Age: 26
Westbury, New York

CARLOS ALVARADO (also known as “Brayle” and “Danny”)
Age: 21
Westbury, New York

JOSE AREVALO IRAHETA (also known as “Splinter,” “Inesperado” and “Daniel”)
Age: 27
Queens, New York

JOSE ESPINOZA SANCHEZ (also known as “Cable,” “Bleca,” “Clave,” “Fantasma” and “Victor”)
Age: 25
Carrboro, North Carolina

ERICK GALDAMEZ LEON (also known as “Truco,” “Burro,” and “Chicle”)
Age: 24
Westbury, New York

JOSE GUEVARA AGUILAR (also known as “Tranquilo,” “Malhechor,” and “Angel”
Age: 25
Queens, New York

KEILA HERNANDEZ MAY
Age: 37
Carrboro, North Carolina

YONATHAN HERNANDEZ
Age: 25
Hempstead, New York

JOSE MEJIA HERNANDEZ (also known as “Mismo” and “Timbre”)
Age: 22
Westbury, New York

JOSE PEREZ OVANDO (also known as “Domino” and “Incompleto”)
Age: 24
Westbury, New York

ERICK ZAVALA HERNANDEZ (also known as “Berry,” “Berro,” and “Alex”)
Age: 26
Queens, New York

E.D.N.Y. Docket No. 20-CR-228 (S-3) (LDH)
MIL Security OSI –
January 26, 2025
MIL-OSI Security: Owner and Senior Executive of New York Contracting Company Plead Guilty to Paying Kickbacks to Obtain Construction Contracts From a Fortune 500 Company

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

Damian Williams, the United States Attorney for the Southern District of New York, announced that TROY CARUSO, the owner and chief executive officer of a commercial construction and contracting company headquartered in New York, New York (the “Contracting Company”), and JOHN NOLAN, a senior executive at the Contracting Company, pled guilty Friday, November 1, 2024, to conspiring to commit honest services wire fraud in connection with their scheme to pay kickbacks to a senior project manager at a Fortune 500 real estate services firm in order to obtain contracting work. CARUSO and NOLAN pled guilty before U.S. District Judge Lewis J. Liman, who is scheduled to sentence CARUSO on February 12, 2025, and NOLAN on February 13, 2025.

U.S. Attorney Damian Williams said: “Corruption has no place in our business landscape. Troy Caruso and John Nolan sought to exploit the system for their own benefit, but today’s outcome shows that integrity will prevail. This Office is dedicated to ensuring that the integrity of our contracting processes is upheld, and we will relentlessly pursue those who engage in such dishonest schemes.”

According to the documents filed in this case, including the Indictment and the plea agreements of CARUSO and NOLAN, and statements made in Court:

From at least in or about February 2021, up to and including in or about September 2023, CARUSO and NOLAN agreed to pay, and did pay, kickbacks to an employee of a global and publicly traded commercial real estate services company (the “Real Estate Firm”) in exchange for assistance and preferential treatment so that the Contracting Company would be awarded projects managed by the Real Estate Firm (the “Kickback Scheme”).

In or about March 2021, CARUSO and NOLAN were introduced by an individual (“CC-1”) to a senior project manager at the Real Estate Firm (“CC-2”). CC-2 managed the process by which contracting companies bid for, and were awarded, contracts to work on construction projects for various of the Real Estate Firm’s clients. Beginning in or about March 2021, because of the Kickback Scheme, CC-2 took a series of actions CC-2 otherwise would not have taken to ensure that the Contracting Company was awarded a pre-construction contract and a construction contract relating to a certain project (“Project-1”), which was managed by the Real Estate Firm on behalf of its client, a health services business that provides hospital, medical, and other health services to patients. For example, CC-2 ensured that the Contracting Company was on the Real Estate Firm’s “bid list” so that it could submit bids relating to Project-1 that it otherwise could not have submitted. CC-2 also provided non-public information to CARUSO and NOLAN about the bidding process, and recommended the Contracting Company for both the pre-construction contract and the construction contract relating to Project-1. As a result of the Kickback Scheme and CC-2’s actions, the Contracting Company was awarded the pre-construction and construction contracts for Project-1, the latter of which was valued at approximately $3.55 million (to be paid to the Contracting Company).

In exchange for CC-2’s assistance and preferential treatment, CARUSO and NOLAN agreed to pay kickbacks to CC-2 in the amount of approximately one percent of the construction value of any project managed by the Real Estate Firm that resulted in a contract award to the Contracting Company. Accordingly, CARUSO and NOLAN agreed to pay CC-2 approximately $35,500 for Project-1, and ultimately paid CC-2 approximately $33,000 in kickbacks for CC-2’s assistance on Project-1. Most of these payments were made in cash at locations around New York City. CARUSO and NOLAN also paid CC-1 approximately $15,000 for CC-1’s assistance in the Kickback Scheme, which included connecting CC-2 with CARUSO and NOLAN.

CARUSO and NOLAN attempted to obtain additional contracts from the Real Estate Firm, with CC-2’s assistance as part of the Kickback Scheme. Between in or about 2022 and in or about 2023, in exchange for CARUSO and NOLAN’s promise of payment for any contract awarded to the Contracting Company, CC-2 provided CARUSO and NOLAN with assistance relating to two additional construction projects managed by the Real Estate Firm that did not result in contract awards to the Contracting Company.

* * *

CARUSO, 57, of Smithtown, New York, and Ludlow, Vermont, and NOLAN, 43, of Brooklyn, New York, each pled guilty to one count of honest services wire fraud conspiracy, which carries a maximum sentence of 20 years in prison.

The statutory maximum penalty is prescribed by Congress and is provided here for informational purposes only, as the defendants’ sentences will be determined by a judge.

Mr. Williams praised the outstanding investigative work of the Special Agents and the Task Force Officers of the U.S. Attorney’s Office for the Southern District of New York. Mr. Williams also thanked the Federal Bureau of Investigation for their assistance in the investigation.

This case is being handled by the Office’s Public Corruption Unit. Assistant U.S. Attorney Jane Kim is in charge of the prosecution.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Leader of International Stock Manipulation Ring Pleads Guilty

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

Damian Williams, the United States Attorney for the Southern District of New York, announced today that RONALD BAUER pled guilty to conspiring to commit securities fraud in connection with his role in a long-running “pump-and-dump” stock manipulation scheme. BAUER pled guilty before U.S. District Judge Paul A. Engelmayer and is scheduled to be sentenced on May 20, 2025.

U.S. Attorney Damian Williams said: “For years, Ronald Bauer orchestrated a sprawling ‘pump-and-dump’ scheme involving the shares of numerous U.S.-based issuers that preyed on ordinary, retail investors. While Bauer and his co-conspirators lived outside of the United States, they took advantage of the U.S. markets to perpetrate their fraud and reaped millions upon millions in profits at the expense of the victims. Today’s guilty plea should send a clear message that this Office is committed to holding market manipulators accountable no matter how hard they try to conceal their crimes.”

According to allegations in the Indictment, public filings, and statements made in court:

BAUER, a/k/a “Patek,” a citizen of Canada and the United Kingdom who resided in the United Kingdom, orchestrated numerous “pump-and-dump” schemes, controlling various aspects of the plans. The Securities and Exchange Commission (“SEC”) had previously filed securities fraud claims against BAUER in 2005 for engaging in an alleged market manipulation scheme that was alleged to have issued false and misleading press releases while secretly dumping tens of millions of shares into the inflated market that BAUER and his associates had created. In 2006, without admitting or denying the allegations, BAUER consented to the entry of a judgment against him providing for injunctive relief, barring BAUER from serving as an officer or director of a public company or participating in an offering of penny stock for a period of five years, and payment of disgorgement of $840,000.

As he admitted in connection with his guilty plea, BAUER and his co-conspirators participated in a conspiracy to commit securities fraud with respect to seven issuers: Cantabio Pharmaceuticals Inc. (CTBO) (previously Lion Consulting Group (LIOC)); Virtus Oil and Gas Corp. (VOIL) (previously Curry Gold Corp. (CURGD)); Steampunk Wizards (SPWZ) (previously Freedom Petroleum (FPET)); Black Stallion Oil and Gas Inc. (BLKG) (previously Secure IT Corp.); PetroTerra Corp. (previously Loran Connection Corp (LRNC)); Black River Petroleum (BRPC) (previously American Copper Corp. (AMCU)); and Cyberfort Software Inc. (CYBF) (previously Patriot Berry Farms (PBFI)) (collectively, the “Issuers”).

To perpetrate the “pump-and-dump” scheme, BAUER and his co-conspirators obtained ownership and control of all or the vast majority of the unrestricted (i.e., free trading) stock of the Issuers. BAUER and his co-conspirators sought to conceal their beneficial ownership of these controlling interests in the shares of the Issuers by causing their shares to be distributed to and divided amongst nominee entities that had been established by a Swiss corporation called Blacklight, S.A. These entities were nominally owned by unrelated third parties but were, in fact, controlled by BAUER or his co-conspirators. Thereafter, BAUER and his co-conspirators retained trading authority over the blocks of shares of the Issuers held by the Blacklight nominee entities and BAUER regularly provided trading instructions with respect to these shares to executives or employees at Blacklight. In addition, BAUER and his co-conspirators effectively controlled or otherwise maintained significant influence over the management of the Issuers during the “pump-and-dump” scheme.

At times, BAUER and his co-conspirators caused nominees to engage in “match trades”—i.e., place both buy and sell orders in the same stock on the same day—for no legitimate economic purpose. Furthermore, BAUER and his co-conspirators financed and coordinated promotional campaigns touting the Issuers to stoke trading interest in the Issuers’ stock, though without publicly disclosing their relationship to the promotional campaigns, their controlling interest, or their intent to sell a significant percentage of their holdings into the buying interest that they intended the promotional campaigns would generate. BAUER and his co-conspirators took steps to conceal the fact that the nominee entities they controlled were the true funding source for the promotional campaigns.

During or shortly after the promotional campaigns, BAUER and his co-conspirators caused the Blacklight nominee entities to engage in trading activity in the Issuers’ stock, including selling a large percentage of their holdings of the Issuers’ stock, then caused the Blacklight nominee entities they controlled to remit to them the proceeds of the stock sales.

* * *

BAUER, 49, of London, United Kingdom, pled guilty to one count of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison. As part of his guilty plea, a money judgment in the amount of $4,377,228.74 was entered against BAUER.

The maximum potential sentence in this case is prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.

Mr. Williams praised the outstanding work of the Federal Bureau of Investigation. He further thanked the Justice Department’s Office of International Affairs of the Department’s Criminal Division, as well as authorities in the United Kingdom, in particular the Crown Prosecution Service’s National Extradition Unit. Finally, Mr. Williams also thanked the Securities and Exchange Commission, which separately initiated civil proceedings against BAUER.

The case is being handled by the Office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorneys Jason Richman, Matthew R. Shahabian, Noah Solowiejczyk, and Vladislav Vainberg are in charge of the prosecution.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Defendant Pleads Guilty to Federal Kidnapping and Carjacking Charges

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

WASHINGTON – David Zanders, 22, of Washington D.C., pleaded guilty today in U.S. District Court to one count of federal kidnapping and one count of carjacking, stemming from an incident on May 1, 2022, announced U.S. Attorney Matthew Graves; FBI Acting Special Agent in Charge David Geist, of the Washington Field Office’s Criminal and Cyber Division; and Chief Pamela Smith, of the Metropolitan Police Department.

U.S. District Court Judge Royce C. Lamberth scheduled a sentencing hearing for March 4, 2024. The defendant was arrested on November 18, 2022, and has been detained ever since.

According to the court documents, in the early morning hours of May 1, 2022, Zanders and a conspirator kidnapped two males outside of a nightclub located at 645 Florida Avenue, NW, Washington, D.C. The pair posed as an Uber and the two male victims subsequently got into the defendant’s vehicle. Shortly thereafter, Zanders pulled over on a neighborhood street in Washington, D.C., pointed a firearm at the two victims and robbed them of their phones and money. The victims were then driven around so the kidnappers could attempt to withdraw money using the victims’ credit cards. One of the victims was able to escape at a gas station in Washington D.C., when Zanders and the other suspect were looking for an ATM. After the first victim escaped, the second victim was driven to a supermarket in Maryland. The defendant and his cohort then retrieved money from an ATM at the supermarket using the second victim’s ATM card. The second victim was then driven to another location in Maryland and released.

That same evening, Zanders, his cohort and a third individual met at 955 Longfellow Street, NW, Washington, D.C. Zanders had arranged a meeting with two additional victims where he was purporting to sell his vehicle but was, in fact, going to take their vehicle. When the two victims arrived in their vehicle, a 2019 green Dodge Charger, Zanders pulled out a gun, threatened to shoot the third victim, and demanded his phone, money and keys. The additional suspects turned towards the fourth victim and demanded the car keys. The fourth victim complied and one of the suspects then drove away with the 2019 green Dodge Charger. Zanders and the additional suspect then drove away in their own vehicles and fled the scene.

Zanders faces a statutory maximum sentence of life in prison for kidnapping and 15 years for carjacking. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

In announcing the plea, U.S. Attorney Graves, SAC Geist, and Chief Smith commended the MPD officers and FBI agents who collaborated on the investigation as members of MPD’s Violent Crime Suppression Unit and FBI’s Washington Field Office’s Violent Crimes Task Force. Valuable assistance was provided by the Prince George’s County Police Department.

The case was prosecuted by Assistant U.S. Attorney Shehzad Akhtar and Assistant U.S. Attorney Cameron Tepfer and by former Special Assistant U.S. Attorney Lauren Renaud. The case was initially investigated and indicted by Assistant U.S. Attorney Thomas Strong.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Romance Scammer Who Took U.S. Citizens Hostage in the Dominican Republic Sentenced to 25 Years in Prison

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

WASHINGTON – Deivy Jose Rodriguez Delgado, 30, a Venezuelan national, was sentenced today in U.S. District Court for the District of Columbia to 25 years in federal prison for the 2022 armed hostage takings of three U.S. citizens in the Dominican Republic, announced U.S. Attorney Matthew M. Graves and FBI Special Agent in Charge Jeffrey B. Veltri of the Miami Field Office.

On December 11, 2023, after a nearly two week trial, a jury convicted Delgado of one count of conspiracy to commit hostage taking and three counts of hostage taking. In addition to the prison sentence, U.S. District Court Chief Judge James E. Boasberg ordered Delgado to serve five years of supervised release. Following his release from prison, Delgado will be subject to deportation proceedings.

According to the government’s evidence, Delgado, also known as “Sebastian,” kidnapped three men in separate instances between July 5 and July 30, 2022. In each of the three hostage-takings, Delgado lured his victim online with the promise of a friendly “date” and picked the victim up in his car. After driving a short distance, Delgado suddenly stopped to let an accomplice into the backseat, at which point Delgado and his accomplice held the victim at knifepoint, physically restrained the victim, and demanded ransom for his release. Delgado ordered that the ransoms be paid to online banking accounts, including the same CashApp account.

Each of the three victims was forced at knifepoint to call his friends and family and ask for money to secure his release. The victims were held in captivity by Delgado and his accomplice(s) for up to an hour and were only released after Delgado believed a ransom payment had been made by the victims’ friends and family. In all three hostage takings, the victims were also robbed of their personal belongings before being released on the streets of the Dominican Republic.

Following multiple victim reports, Dominican authorities began an investigation in August 2022. Local law enforcement in the Dominican Republic traced a vehicle used in one of the hostage takings to Delgado and arrested him on Sept. 14, 2022. During a search of the vehicle, Dominican authorities found two serrated knifes like those used in the hostage takings.

This case was investigated by the FBI’s Miami Field Office with valuable assistance provided by the Justice Department’s Office of International Affairs and the Dominican Republic’s Division Especial de Investigacion de Crimen Organizado Internacional (DECROI). The case was prosecuted by Assistant U.S. Attorneys John Korba and Jolie Zimmerman of the U.S. Attorney’s Office for the District of Columbia with assistance from paralegal Michael Watts.

##

Deivy Jose Rodriguez Delgado, 30, a Venezuelan national, used this image of himself to meet his victims on a social media dating application.

During a search of the vehicle linked to Delgado, Dominican authorities found two serrated knifes like those used in the hostage takings.

An image Delgado used on his social media app to lure victims.

##

22cr0304

MIL Security OSI –

January 26, 2025
MIL-OSI Security: El Dorado Convicted Sex Offender Indicted for Distribution of Child Pornography

Source: Federal Bureau of Investigation (FBI) State Crime News

SACRAMENTO, Calif. — A federal grand jury returned a single-count indictment against Kevin Dail Meadors, 56, of El Dorado Hills, charging him with receipt of child pornography, U.S. Attorney Phillip A. Talbert announced.

According to court documents, between July 1, 2023, and Dec. 9, 2023, Meadors knowingly received visual depictions of minors engaged in sexually explicit conduct. The indictment alleges that Meadors suffered a prior conviction for committing lewd and lascivious acts with a child under the age of 14, which affects the potential penalties he faces in this case.

This case is the product of an investigation by the Federal Bureau of Investigation, El Dorado County District Attorney’s Office, and Sacramento Valley Hi-Tech Crimes Task Force. Special Assistant U.S. Attorney Nchekube Onyima and Assistant U.S. Attorney Shea J. Kenny are prosecuting the case.

If convicted, Meadors faces a mandatory minimum penalty of 15 years in prison, a maximum statutory penalty of 40 years in prison, and a $250,000 fine. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute those who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc. Click on the “resources” tab for information about internet safety education.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Guatemalan National Pleads Guilty to Heroin and Methamphetamine Delivery to Fresno

Source: Federal Bureau of Investigation (FBI) State Crime News

FRESNO, Calif. — Donis Ariel Maldonado, 28, a Guatemalan national residing in El Monte, pleaded guilty today to conspiring to distribute and possess with intent to distribute heroin and methamphetamine, U.S. Attorney Phillip A. Talbert announced.

According to court documents, Maldonado agreed with other members of the conspiracy to distribute 22 pounds of heroin and over 80 pounds of methamphetamine sourced from Mexico. On June 24, 2019, Maldonado delivered the drugs to an informant in Fresno.

This case is the product of an investigation by the Federal Bureau of Investigation, the Drug Enforcement Administration, the Fresno County Sheriff’s Office, and the High Impact Investigation Team (HIIT), a High Intensity Drug Trafficking Area Initiative (HIDTA), which consists of personnel from the California Department of Justice, Fresno Police Department, Fresno County Sheriff’s Office, Fresno County District Attorney’s Office, California Highway Patrol, Madera County Sheriff’s Office, Tulare County Sheriff’s Office, Kings County Sheriff’s Office, and the California Department of Corrections and Rehabilitation. Assistant U.S. Attorney Karen Escobar is prosecuting the case.

Maldonado is scheduled to be sentenced by U.S. District Judge Jennifer L. Thurston on Feb. 18, 2025. Maldonado faces a maximum statutory penalty of 20 years in prison and a $2 million fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

The case was investigated under the Organized Crime Drug Enforcement Task Forces (OCDETF). OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. For more information about Organized Crime Drug Enforcement Task Forces, please visit Justice.gov/OCDETF.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Jacksonville Medical Records Technician Sentenced to 35 Years for Sexually Exploiting Numerous Children Online

Source: Federal Bureau of Investigation (FBI) State Crime News

Jacksonville, Florida – Chief United States District Judge Timothy J. Corrigan has sentenced Arin Caleb Ellis (27, Jacksonville) to 35 years in federal prison for producing and distributing videos depicting children being sexually abused. Ellis was also ordered to serve a lifetime term of supervised release and to register as a sex offender. Ellis was arrested on August 29, 2022, and has been in federal custody since that date. On February 28, 2024, Ellis pleaded guilty to persuading and coercing a child to engage in producing visual depictions of sexually explicit conduct and to distributing a video depicting a child being sexually abused.

According to court documents, from January 2018 through August 29, 2022, Ellis was an active member of several online groups on social media applications (apps) dedicated to the sexual exploitation of children and the sharing of child sexual abuse materials. Ellis and other members of these groups conspired and worked together to locate and sexually exploit minors across a variety of online social media platforms. During online text conversations, Ellis and other members discussed and strategized on how to pressure and coerce targeted children into producing sexually explicit photos and videos and engaging in sexually explicit conduct live on social media apps. Ellis and the other members also exchanged information about the identity of children who had an online presence, such as the minors’ names, ages, locations, and online user identifiers. Ellis told other group members that he preferred targeting female children who were 8 to 11 years old. Posing as minor children, Ellis and the other members persuaded and coerced the targeted children to engage in sexually explicit conduct and to live-stream the conduct that Ellis and his co-conspirators would covertly record. When Ellis and the other members obtained the sexually explicit recordings, they shared these materials through online group chats and other cloud-based file storage apps and websites.

Ellis developed and used certain recording tools to capture live-streaming content over the internet that depicted the targeted children engaging in sexual acts. These tools allowed Ellis to simultaneously record multiple streaming video feeds from different children, and he shared these tools with other members for their use. Ellis used a variety of social media apps to communicate with the targeted minors across the United States and portrayed himself as a 10 or 11-year-old female child named “nova” from Florida. Ellis initially sent the targeted child sexually explicit photos and videos depicting an actual minor female that he was pretending to be and asked the child to be his “girlfriend.” After gaining some measure of trust, he then asked the child to send him sexually explicit photos and videos and recorded the child as she live-streamed sexually explicit conduct at his direction. Ellis also threatened some of the targeted children who refused to provide him with sexually explicit materials.

Ellis and the other group members also collaborated to hack into baby monitors, “nanny” cameras, and other internet-enabled cameras within private residences. The co-conspirators periodically provided Ellis with internal protocol addresses, which he developed his own computer code to remotely hack into these devices, allowing him to capture streaming video from compromised baby monitors.

During this investigation, the FBI executed multiple search warrants and seized the contents of the accounts used by Ellis and other group members. That content, combined with the evidence recovered from Ellis’ electronic devices, revealed that Ellis potentially targeted thousands of minor children for online sexual exploitation.

On August 29, 2022, law enforcement executed a federal search warrant at Ellis’ residence and seized his computers and electronic devices, several of which were encrypted. Forensic examination of one of Ellis’ cellphones revealed that he used a particular online app to send two videos of child sexual abuse to a co-conspirator just hours before FBI agents arrived at his residence. In total, the FBI recovered at least 1,700 photos and 700 videos depicting children engaging in sexually explicit conduct that Ellis maintained on his electronic devices and in his online social media accounts. Many of these materials depict young children, some as young as 6 years old.

Roger B. Handberg, United States Attorney for the Middle District of Florida, Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division, Assistant Director B. Chad Yarbrough of the FBI’s Criminal Investigative Division, and Special Agent in Charge Kristin Rehler of the FBI Jacksonville Field Office, made this announcement.

This case was investigated by the FBI Child Exploitation Operational Unit in Linthicum, Maryland, and the FBI Jacksonville Field Office, with assistance from the Jacksonville Sheriff’s Office. Assistant United States Attorney D. Rodney Brown for the Middle District of Florida, and Trial Attorneys Kaylynn Foulon and McKenzie Hightower of the DOJ Criminal Division’s Child Exploitation and Obscenity Section prosecuted the case.

This case was brought as part of Project Safe Childhood, a nationwide initiative launched in 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Sapotaweyak Cree Nation — Swan River RCMP lay numerous charges in robbery

Source: Royal Canadian Mounted Police

On November 2, 2024, at 3:25 pm, Swan River RCMP responded to a report of a 24-year-old male having assaulted several people and was now walking around the community with a firearm.

As officers arrived in the community, information was received that the suspect had fled the area after being picked up in a vehicle.

Patrols were made and the suspect vehicle was located at the gas bar in Mafeking. A traffic stop was conducted on this vehicle that led to the arrest of the 24-year-old male, a 27-year-old male and a 40-year-old female. The 24-year-old male suspect had been found lying in the back of the vehicle with a loaded sawed-off shotgun, machete and ammunition.

The investigation has determined that the 24-year-old male had assaulted two male victims (22, 20), threatened to harm them and forced them to empty their pockets and turn over their cell phones all while having the firearm pointed at them.

24-year-old Chandler Cook and 27-year-old Travis Cook, both from Sapotaweyak Cree Nation, were remanded into custody on charges including Careless Use of a Firearm x2, Point Firearm x2, Robbery with Firearm x2 as well as numerous other firearm-related offences.

The 40-year-old female, from Brandon, was later released from custody for a future court appearance in Swan River.

Swan River RCMP continue to investigate.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Springhill — Cumberland County District RCMP investigating suspicious circumstances

Source: Royal Canadian Mounted Police

Cumberland County District RCMP is seeking assistance to identify a man following a suspicious incident in Springhill.

On November 4, RCMP officers responded to a report of a suspicious person on Pine St. Investigators learned that at approximately 5:00 p.m., a man driving a truck stopped on the roadway and waved to a child outside a nearby home in an attempt to have them approach his vehicle.

Based on there having been a significant distance between the child and the road, the child is not believed to have been at risk of physical harm during this incident. The child quickly informed an adult, and the vehicle left the area. Police did patrols but the vehicle was not located.

“This child did the right thing by immediately telling an adult about this incident,” says Sgt. Brian Cameron, Operations NCO of Cumberland County District RCMP. “We don’t know the driver’s intent and would like to hear from him.”

The male driver had brown hair and a mask that covered his nose and mouth. He was wearing a sweater and pants, possibly blue and green. The pick-up truck was silver in colour.

Police want to speak with people who have information about this incident, as well as anyone who has witnessed or experienced a similar incident in the area. Anyone with information is asked to contact Cumberland County District RCMP at 902-243-2181. To remain anonymous, contact Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Canton Man Sentenced to Five Years in Prison for Possession of Firearm by a Convicted Felon

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

Jackson, MS – A Canton man was sentenced to 5 years in federal prison for possession of a firearm by a convicted felon.

According to court documents, on January 2, 2024, Damonik Robinson, 23, was found in possession of a firearm after Capitol Police conducted a traffic stop on Madison Street near Fortification Street in Jackson. There were four firearms found in the vehicle, three of which were equipped with attached machinegun conversion devices, commonly known as “switches,” which convert semi-automatic handguns to automatic weapons. At the time of this possession, Robinson already had a previous felony conviction for drug and gun possession. It is a violation of federal law for a convicted felon to possess a firearm or ammunition.

Robinson was indicted by a federal grand jury on February 21, 2024. He pled guilty on July 18, 2024, to possession of a firearm by a convicted felon.

The U.S. Attorney’s Office has seen an increase in cases involving illegal firearm conversion devices, commonly known as “switches” or “auto sears,” which convert semi-automatic handguns into fully automatic weapons (i.e., machineguns) in a matter of seconds. The rapid fire of firearms converted to machineguns presents a significant danger in our community to both the public and law enforcement. According to a 2023 report by the Bureau of Alcohol Tobacco, Firearms and Explosives (ATF), there was a 570% increase in the number of machinegun conversion devices taken into ATF custody between 2017 and 2021.

U.S. Attorney Todd W. Gee and Special Agent in Charge Joshua Jackson of the Bureau of Alcohol, Tobacco, Firearms and Explosives made the announcement.

The ATF and Capitol Police Department are investigating the case.

Assistant U.S. Attorney Amber Jones 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.

MIL Security OSI –

January 26, 2025
MIL-OSI Security: Marion County Man Indicted for Drug, Firearms Charges

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

CLARKSBURG, WEST VIRGINIA – Vincent Irving Jones, 33, of Fairmont, West Virginia, has been indicted on methamphetamine and firearms charges.

Jones is charged with possession with intent to distribute methamphetamine, unlawful possession of a firearm, and possession of a firearm with an obliterated serial number. According to the court documents, Jones was found with methamphetamine and a .32 caliber pistol in Marion County. Jones is prohibited from having firearms because of prior felony convictions of voluntary manslaughter, escape from custody, and fleeing while under the influence of alcohol.

Jones faces up to 20 years in federal prison for the drug charge, up to 15 years for the unlawful firearms charge, and up to five years for the obliterated serial number charge. If convicted, a federal district court judge will determine the sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Assistant U.S. Attorney Brandon Flower is prosecuting the case on behalf of the government.

The case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Fairmont Police Department.

An indictment is merely an allegation, and each defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

MIL Security OSI –

January 26, 2025

Investors:	Media:
Nishil Mehta	Kristen Greco Ashton
+1-212-813-4928 publicinvestor@carlylesecuredlending.com	+1-212-813-4763 kristen.ashton@carlyle.com

Investor Contacts Rosy Zuklic, 405-552-7802 Chris Carr, 405-228-2496		Media Contact Michelle Hindmarch, 405-552-7460

Maturity	Volume	Rate
14 days	RMB151 billion	1.65%

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