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  • MIL-OSI Russia: The number of users of the My ID service has doubled since the beginning of 2024

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Mobile application “My id” is becoming increasingly popular among Muscovites. Since the beginning of this year alone, the number of users has more than doubled. It now exceeds 125 thousand people.

    In the capital Department of Information Technology noted that the demand for the application is growing due to the constant expansion of its capabilities.

    “Since the launch of “My ID”, the number of documents whose information can be viewed in it has increased by 1.5 times. For example, a digital certificate of a large family has become available in the application, which can be presented to confirm the privileged status. At the same time, we continue to improve the already popular services of the application. Thus, recently, pet owners have the opportunity not only to view basic information about their pets, but also to control the timing of vaccinations and treatment, as well as quickly proceed to an appointment at a state veterinary clinic directly from the application,” the press service of the department said.

    With the My ID app, city residents can be sure that the necessary information will always be at hand. Currently, 14 types of documents and services are available in the app, including information on Russian and foreign passports, taxpayer identification numbers, birth certificates, SNILS, and others. This simplifies filling out various applications and online forms, and also allows sending information to trusted persons.

    In addition, the application provides digital versions of some documents, including a compulsory medical insurance policy, a single library card, and a large family certificate. They can be used to obtain various city services. For example, the barcode of the single library card from the application can be presented in the capital’s libraries to borrow and return books, and the QR code of the digital certificate of a large family will allow you to confirm your privileged status, for example, when buying tickets in the capital’s cultural institutions.

    Any registered user of the mos.ru portal can use the application – just log in to the application using your account. In the settings, the user can independently select the documents that he wants to use. The information specified by the user in the personal account or provided when receiving government services will be automatically displayed in the application.

    The mobile application “My id” is developing Department of Information Technology of the City of Moscow together with the State Institution “New Management Technologies”.

    The use of digital technologies and artificial intelligence to improve the quality of life of city residents corresponds to the objectives of the national program “Digital Economy of the Russian Federation” and the regional project of the capital “Digital Public Administration”. More information about this and other national projects implemented in Moscow can be found Here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145916073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Sobyanin: More than 3.4 thousand coaches and teachers prepare athletes in Moscow

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Sergei Sobyanin congratulated Muscovites on Coach’s Day and wished everyone who works in this field success in their work.

    “Today, Russia celebrates Coach’s Day. This is an opportunity to pay tribute to the most important people in the lives of athletes, those who pass on their invaluable experience and support them throughout their careers,” the Moscow Mayor noted on his Telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    More than 3.4 thousand specialists are involved in training athletes in Moscow, 350 of whom hold the title of “Honored Trainer of Russia”.

    “In addition, the number of amateurs who regularly engage in physical culture is growing, so specialized specialists are in great demand. There are many sports dynasties in Moscow. Children, inspired by their parents, follow in their footsteps. First they do it themselves, then they start teaching,” added Sergei Sobyanin.

    An example of the capital’s sports dynasty is the spouses Raisa and Sergey Galperin, who have trained more than one generation of successful athletes. Both are honored coaches of Russia. Their sons Gleb and Egor also linked your life with sports.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11969050/

    MIL OSI Russia News –

  • MIL-OSI Russia: Thanks to the service on mos.ru, large families can receive compensation for the purchase of school uniforms

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Moscow families with many children receive annual compensation for the cost of purchasing school uniforms for more than 340 thousand children. In total, there are over 200 thousand families with many children in the capital. Digital city services are provided for them, which make life easier and allow them to spend as much time as possible with their children.

    The annual compensation payment for the 2024/2025 academic year, which parents can receive for the purchase of a school uniform, was made in May of this year. The service is provided to children aged six to 16 years old if the large family has a valid preferential status.

    “We see a steady increase in the number of users of this service every year — about 30 thousand new applications. Already about 340 thousand children receive compensation. At the same time, the peak of initial applications from year to year falls at the beginning of the school year — September and October. It is enough to submit an application for the service once, then the payment will be assigned automatically, and the information will be verified online. This procedure for receiving is especially convenient for parents with many children, because digitalization frees them from the need to fill out documents on time every year and allows them to spend time on leisure with their family,” she noted.

    Elena Shinkaruk, Chairman of the Committee for State Services of the City of Moscow.

    A parent of a large family in which a child will go to first grade in the new school year, as well as in which children after 16 years of age will continue their education in educational institutions, can apply for payment starting from September 1 annual compensation. To do this, you need to submit an application on the mos.ru portal. It is required for families that became large after May of this year, as well as for families in which children went to school before reaching the age of six or in which children over 16 continue their education at school or college. For families that became large, it is enough to submit an application once.

    “To submit an application, you will need the passport details of both parents indicating their registration at their place of residence in Moscow, and the child’s birth certificate. Information about the child’s education in an educational institution will be received by the Social Treasury, which makes the payment, as a result of interdepartmental interaction,” she specified.

    Ekaterina Logacheva, Deputy Head of the Department of Labor and Social Protection of the Population of the City of Moscow.

    If the child is studying in a private or federal educational institution, a certificate must be provided.

    GetThe status of a large family can only be obtained on the mos.ru portal since November 2020. In case of a positive decision, a notification of assignment (extension) of the preferential status is sent to the applicant in his personal account.

    As noted in the capital Department of Information Technology, a certificate of a large family for Muscovites is available in digital format. The electronic document is equivalent to a paper one and contains a unique QR code, information about all members of the large family and the validity period of the benefit. All Muscovites with the status of a large family automatically receive a certificate in their personal account on the mos.ru portal. It can be downloaded to your smartphone as a pdf file. The document can also be used using the city mobile application “My id”.

    The digitalization of the above services and services for large families is the result of joint work Committee of State Services of Moscow, capital Department of Labor and Social Protection of the Population and the Department of Information Technology.

    The use of digital technologies and artificial intelligence to improve the quality of life of city residents is in line with the objectives of the national program “Digital Economy of the Russian Federation” and the Moscow regional project “Digital Public Administration”. More information about the national projects implemented in the capital can be found Here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145904073/

    MIL OSI Russia News –

  • MIL-OSI Russia: From Classicism to Art Deco: Mosgornasledie Opens the Exhibition “Architecture and Fashion. In the Flow of Time”

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The Moscow Department of Cultural Heritage invites you to the exhibition “Architecture and Fashion. In the Flow of Time”. It will be held in the Worker and Kolkhoz Woman pavilion at VDNKh. Visitors will be able to trace the relationship between architecture and fashion: learn how the trends of the time were manifested both in the historical buildings of the city and in the fashionable images of its residents.

    “Moscow is a city where, walking along the streets, you can see architectural monuments of completely different styles: classicism, baroque, modernism, constructivism and many others. The exhibition “Architecture and Fashion” is designed to show this diversity, the entire palette of the capital’s cultural heritage sites and their unique architectural details. Last year, the event received a great response, and we are pleased to invite everyone to visit the new exhibition,” said the head of the Department of Cultural Heritage of the City of Moscow.

    Alexey Emelyanov.

    The exhibition includes eight sections dedicated to different architectural styles and their refraction in fashion: from mature classicism to art deco. The Ostafyevo Museum-Estate, the Khlodov-Panteleyev House on Zemlyanoy Val, the Lopatina mansion on Bolshaya Nikitskaya, the Kievsky Railway Station building, the V.P. Zotov Bakery on Khodynskaya Street and other cultural heritage sites of the 18th–20th centuries will be presented here. Against their background, you can see costumes from the corresponding eras. For example, the I.S. Turgenev Museum-Estate on Ostozhenka and outfits that the heroines of the great writer’s works could have worn, a masterpiece of constructivism, the Narkomfin House on Novinsky Boulevard, combined with the geometry of the dress — the costume of the new man of the 1920s, as well as the building of the Russian State Library on Vozdvizhenka Street and art deco silhouettes.

    The authors of the exhibition believe that architecture serves as a guiding thread for fashion, which in turn inspires architects to new ideas. These two trends have been and remain a reflection of any era.

    At the exhibition, guests will be able to join a guided tour and panel discussions with experts in the field of architectural history and fashion. The project will be of interest to anyone interested in historical and cultural heritage and creative industries.

    The organizers of the exhibition “Architecture and Fashion. In the Flow of Time” hope that its holding will contribute to increasing interest in the topic of the cultural and historical heritage of the capital, the history of Moscow architecture, its preservation and development.

    The exhibition can be seen from November 2 to 21 every day except Monday, from 11:00 to 22:00.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145918073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Competitions, master classes and interactive exhibition: Moscow to host Sportland family festival

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The Sportland family festival will be held in Gostiny Dvor on November 1 and 2 from 11:00 to 19:00. It will be held with the support of the capital’s Department of Sports. The festival will feature more than 50 sports, master classes, competitions and other events.

    Thus, the organizers will offer participants to take the route “Sport as a Game”, where they will get acquainted with different sports in a game format. Among them are rugby, boxing, roller sports, rock climbing, tug-of-war, wushu, shooting, golf, fishing, sword fighting, parachute and kettlebell lifting, sports dancing and others.

    The interactive exhibition of the Sportland Expo festival will tell guests about strategic and developmental games, fitness programs, new and traditional forms of joint leisure and recreation, and will also present the products and services of partners in the healthy lifestyle industry.

    The festival will feature a program called “Family Competitive Testing” and for the first time will host open Moscow family games called “My Family – My Team”. Everyone is welcome to participate – both a full family team and a child accompanied by one of the parents. The conditions can be found on the website. Following the competition, everyone will receive a medal for participation, and the winners will be awarded sets of useful paraphernalia with the symbols of “Moscow Sport”.

    In addition, the main stage will host a non-stop multi-genre competition for young athletes and artists, “Sport as Art”.

    For the most active participants, the event organizers and partners have prepared prizes. Every day at certain hours, the “Time of Gifts” campaign will be held.

    Entry to the festival is free, with prior registration. You can register and also find out the detailed schedule of all events on the website festival. Guests of the festival will need to bring comfortable clothes and shoes. First of all, the festival is waiting for parents with children who want to choose a sport and participate in competitions with their family.

    “Sportland” is an interactive platform that unites organizations that work in the field of mass sports, healthy lifestyle, family leisure and children’s creativity. The main goal of the festival is to form a healthy lifestyle and joint family leisure. The event is dedicated to the Year of the Family. It contributes to the implementation of the national project “Demography”, as well as the regional project “Sport is the Norm of Life”. More information about this and other national projects implemented in Moscow can be found on a special page.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145896073/

    MIL OSI Russia News –

  • MIL-OSI Russia: More than 30 thousand students took part in the Moscow Youth Days

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Over 30,000 students from more than 60 educational institutions in the city joined the Moscow Youth Days this year. Events in this format have been held in the capital since 2023.

    “The Days of the Moscow Youth are an important communication platform for interacting with students. Here, kids can get to know the areas that interest them better, and also learn a lot of useful information about large-scale events and city projects,” she noted.

    Ekaterina Dragunova, Chairman of the Committee for Public Relations and Youth Policy of Moscow.

    The project days are held at the capital’s universities and colleges throughout the academic year. In 2023, more than 22 thousand students took part in them. In 2024, the Moscow Youth team visited more than 60 educational institutions in Moscow, including the National University of Science and Technology MISIS, the Russian State University for the Humanities, the National Research University Higher School of Economics, the Moscow Aviation Institute and many others. The last day of Moscow Youth this year was held on October 30 at the Kutafin Moscow State Law University.

    Representatives of the “Youth of Moscow” spoke about key events and student competitions. After that, the students visited a project fair, where they talked to teams, took part in various events and themselves became activists. Here you could find a community of interests and, together with like-minded people, engage in career advancement, stand-up comedy, public speaking, street sports and much more.

    Students also had the opportunity to join the Youth of Moscow team and become ambassadors of the project. At the moment, more than 120 people have joined their ranks. They introduce other students to the opportunities the city provides to young Muscovites, such as campaigns, useful resources, innovative sites, educational programs and large-scale events. To join the team of ambassadors, you must submit an application on a special page.

    Days of Moscow Youth are a convenient platform for direct interaction with the active youth of the city. Every semester, educational institutions of the capital host off-site events, where students are introduced to various projects. Moscow Youth is constantly working in 11 areas. The team has organized over 3.5 thousand events, in which more than two million people took part.

    You can find out more about the project on the portal orin social networks.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145924073/

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: FS visits Saudi Arabia

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan led a delegation from the financial and innovation sectors on a visit to Saudi Arabia and attended the Future Investment Initiative in Riyadh.

    While participating in a panel discussion during the conference, Mr Chan stated that Hong Kong is actively promoting the development of green finance and green technology.

    He emphasised that the city could provide capital support for infrastructure and green projects in the Global South and guide funding to new projects through innovative financial products, such as securitised loans.

    In response to questions raised at the panel discussion, Mr Chan highlighted that Hong Kong is collaborating with multiple central banks to launch Project mBridge, aiming for faster, more cost effective, and more secure cross-border payments and settlements.

    He also witnessed the signing of a strategic co-operation agreement between the Hong Kong Science & Technology Parks Corporation and a venture capital firm there. The signatory parties will share resources, recommend startups to each other, facilitate connections within their startup networks, and jointly engage in market promotion and events.

    In the evening, the Financial Secretary attended two receptions. One such function was hosted by Cathay Pacific.

    Mr Chan noted that the goal of his visit is to expand ties between Hong Kong and Saudi Arabia, adding that the resumption of flights between the two places yields huge potential.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on October 30, 2024

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on October 30, 2024, Wednesday, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor
    (day)    		 Window Timing Date of Reversal
    1 75,000 1 11:00 AM to 11:30 AM October 31, 2024
    (Thursday)

    2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1398

    MIL OSI Economics –

  • MIL-OSI Economics: Suzuki and Toyota to Deepen Collaboration in the Field of Electrified Vehicles

    Source: Toyota

    Headline: Suzuki and Toyota to Deepen Collaboration in the Field of Electrified Vehicles

    Suzuki Motor Corporation (Suzuki) and Toyota Motor Corporation (Toyota) have decided to further strengthen collaboration in the supply of a battery EV (BEV) SUV model developed by Suzuki to Toyota. This new model is scheduled to be manufactured at Suzuki Motor Gujarat in India from the spring of 2025.

    MIL OSI Economics –

  • MIL-Evening Report: US elections: Editorial writers at LA Times, Washington Post resign after billionaire owners block Kamala Harris endorsements

    Democracy Now!

    This is Democracy Now!, “War, Peace and the Presidency.” I am Amy Goodman, with Juan González:

    The Los Angeles Times and The Washington Post newspapers are facing mounting backlash after the papers’ publishers announced no presidential endorsements would be made this year. The LA Times is owned by billionaire Patrick Soon-Shiong, and The Washington Post is owned by Amazon’s Jeff Bezos.

    National Public Radio (NPR) is reporting more than 200,000 people have cancelled their Washington Post subscriptions, and counting.

    A number of journalists have also resigned, including the editorials editor at the Los Angeles Times, Mariel Garza, who wrote, “How could we spend eight years railing against Trump and the danger his leadership poses to the country and then fail to endorse the perfectly decent Democrat challenger — who we previously endorsed for the U.S. Senate?”

    Veteran journalists Robert Greene and Karin Klein have also resigned from the L.A. Times editorial board.

    At The Washington Post, David Hoffman and Molly Roberts both resigned on Monday from the Post editorial board. Michele Norris also resigned as a Washington Post columnist, and Robert Kagan resigned as editor-at-large.

    David Hoffman, who just won a Pulitzer Prize for his series “Annals of Autocracy,” wrote, “I believe we face a very real threat of autocracy in the candidacy of Donald Trump. I find it untenable and unconscionable that we have lost our voice at this perilous moment.”

    David Hoffman joins us now, along with former Los Angeles Times editorials editor Mariel Garza.

    David Hoffman, let’s begin with you. Explain why you left The Washington Post editorial board. Oh, and at the same time, congratulations on your Pulitzer Prize.

    DAVID HOFFMAN: Thank you very much.

    I worked for 12 years writing editorials in which I said over and over again, “We cannot be silent in the face of dictatorship, not anywhere.” And I wrote about dissidents who were imprisoned for speaking out.

    And I felt that I couldn’t write another editorial decrying silence if we were going to be silent in the face of Trump’s autocracy. And I feel very, very strongly that the campaign has exposed his intention to be an autocrat.

    JUAN GONZÁLEZ: And, David Hoffman, is there any precedent for the publisher of The Washington Post overruling their own editorial board?

    DAVID HOFFMAN: Yeah, there’s lots of precedent. It’s entirely within the right of the publisher and the owner to do this. Previous owners have often told the editorial board what to say, because we are the voice of the institution and its owner. So, there’s nothing wrong with that.

    What’s wrong here is the timing. If they had made this decision early in the year and announced, as a principle, they don’t want to issue endorsements, nobody would have even blinked. A lot of papers don’t. People have rightly questioned whether they actually have any impact.

    What matters here was, we are right on the doorstep of the most consequential election in our lifetimes. To pull the plug on the endorsement, to go silent against Trump days before the election, that to me was just unconscionable.

    JUAN GONZÁLEZ: And, Mariel Garza, could you talk about the situation at the LA Times and your reaction when you heard of the owner’s decision?

    MARIEL GARZA: Certainly. It was a long conversation over the course of many weeks. We presented our proposal to endorse Kamala Harris. And, of course, there was — to us, there was no question that we would endorse her. We spent nine years talking about the dangers of Trump, called him unfit in 5 million ways, and Kamala Harris is somebody that we know. She’s a California elected official.

    We’ve had a lot of conversations with her. We’ve seen her career evolved. We were going to — we were going to endorse her. And there was no indication that we were going to suddenly shift to a neutral position, certainly not within a few weeks or months of the election.

    At first, we didn’t get a clear answer — sounds like it’s the same situation that happened at The Washington Post — until we pressed for one. We presented an outline with — these are the points we’re going to make — and an argument for why not only was it important for us, an editorial board whose mission is to speak truth to power, to stand up to tyranny — our readers expect it.

    We’re a very liberal paper. There is no — there is no question what the editorial board believes, that Donald Trump should not be president ever.

    AMY GOODMAN: Mariel, I wanted to —

    MARIEL GARZA: So, it was perplexing. It was mystifying. It was — go ahead.

    AMY GOODMAN: Mariel, I wanted to get your response to the daughter of the LA Times owner. On Saturday, Los Angeles Times owner Patrick Soon-Shiong’s daughter Nika Soon-Shiong posted a message online suggesting that her father’s decision was linked to Kamala Harris’s support for Israel’s war on Gaza.

    Nika wrote, “Our family made the joint decision not to endorse a presidential candidate. This was the first and only time I have been involved in the process.

    “As a citizen of a country openly financing genocide, and as a family that experienced South African Apartheid, the endorsement was an opportunity to repudiate justifications for the widespread targeting of journalists and ongoing war on children,” she wrote.

    Her father, Patrick Soon-Shiong, later disputed her claim, saying that she has no role at the Los Angeles Times. Mariel Garza, your response?

    MARIEL GARZA: Look, I really don’t know what to say, because I have — that was — if that was the case, it was never communicated to us. I do not know what goes on in the conversation in the Soon-Shiong household. I know that she is not — she does not participate in deliberations of the editorial board, as far as I know. I’ve never spoken to her.

    We all know how she feels about Gaza, because she’s a prolific tweeter. So, I really can’t say. And this is part of the bigger problem, is we were never given a reason for why we were being silent.

    If there was a reason — say it was Israel — we could have explained that to readers. Instead, we remain silent. And that’s — I mean, this is not a time in American history where anybody can remain silent or neutral.

    JUAN GONZÁLEZ: And, David Hoffman, this whole issue has been raised by some critics of Jeff Bezos that his company has a lot of business with the US government, and whether that had any impact on Bezos’s decision. I’m wondering your thoughts.

    DAVID HOFFMAN: I can’t be inside his mind. His company does have big business, and he’s acknowledged it’s a complicating factor in his ownership. But I can’t really understand why he made this decision, and I don’t think it’s been very well explained. His explanation published today was that he wants sort of more civic quiet, and he thought an endorsement would add to the sense of anxiety and the poisonous atmosphere.

    But I disagree with that. I think, like in the LA Times, I think readers have come to expect us to be a voice of reason, and they’ve looked to endorsements at least for some clarity. So, frankly, I also feel that we’re still lacking an explanation.

    AMY GOODMAN: You know, you have subtitle, the slogan of The Washington Post, of course, “Democracy Dies in Darkness.” It’s being mocked all over social media. One person wrote, “Hello Darkness My Old Friend.”

    David Hoffman, your response to that? But also, you won the Pulitzer Prize for your series “Annals of Autocracy,” and you talk about digital billionaires, as well, and what this means. How does this fit into your investigations?

    DAVID HOFFMAN: You know, I would hope everybody would understand and acknowledge that we’ve done a lot of good for democracy and human rights. You know, I’ve had governments react sharply to a single editorial. When we call them out for imprisoning dissidents, it matters that we are very widely read.

    And that’s another reason why I feel this was a big mistake, because we actually were on a path, for decades, of championing democracy and human rights as an institution.

    And, you know, I have to tell you, I wrote a book in Russia about oligarchs. I understand how difficult it is when you have a lively and independent group of journalists. And ownership really matters. And, you know, we’re not just another widget company.

    This is actually a group of very, very deep-thinking and oftentimes very aggressive people that have a desire to change the world. That’s the kind of journalism that The Washington Post has sponsored and engaged in.

    In 2023, we published a series of editorials that took a look deep inside how China, Russia, Burma, you know, other places — how these autocracies function. One of the findings was that many of these dictatorships are using technology to clamp down on dissent, even things as tiny as a single tweet.

    Young people, young college students are being thrown in prison in Cuba, in Belarus, in Vietnam. And I documented these to show how this technology actually isn’t becoming a force for freedom, but it’s being turned on its head by dictatorship.

    AMY GOODMAN: We have to leave it there, David Hoffman, Washington Post reporter, stepped down from the Post editorial board when they refused to endorse a presidential candidate; Mariel Garza, LA Times editorials editor who just resigned.

    I’m Amy Goodman, with Juan González.

    This programme is republished under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States Licence.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China’s Shenzhou-19 spaceship docks with space station combination

    Source: China State Council Information Office 2

    China’s Shenzhou-19 crewed spaceship successfully docked with the space station combination on Wednesday, according to the China Manned Space Agency.
    The spaceship made a fast, automated rendezvous and docking with the front port of the space station’s core module Tianhe at 11 a.m. (Beijing Time).
    The astronaut trio aboard the spaceship will then enter the Tianhe module. Meanwhile, the Shenzhou-18 crew members are ready for their arrival.
    The spaceship, atop a Long March-2F carrier rocket, blasted off from the Jiuquan Satellite Launch Center in northwest China early on Wednesday. 

    MIL OSI China News –

  • MIL-OSI Australia: Salvation Army/Diabetes Australia Partnership Launch

    Source: Ministers for Social Services

    Good afternoon, everybody. Fantastic to be here. I’d like to acknowledge that Aboriginal people are the traditional owners of the land on which we meet. I just want to make four points. Settle in, it’ll take about half an hour. I was joking. First of all, Nick McCallum. I’d like to acknowledge Nick does a great job. He’s one of a band of people, Colonel Kelvin, who Brendan has gathered around him, and there’s a few other like-minded souls. And, whenever Brendan and Sandra think something needs to be pushed along, Nick has always got a very open mind and journalist in the best tradition of Melbourne. He wants to see the right thing by our community. It’s great to see Nick Reece here. You’ll get up, son. Okay. I just want to be the first to call you the Mayor, Lord Mayor. Justine Cain, CEO of Diabetes Australia. Thank you, Diabetes Australia I’m going to talk a little bit more about it in a moment, but it’s great you’re here. You’ll be busy.

    And Justine in your introduction, you said you’ve already had important conversations with 60 to 70 people. That’s almost everyone in the room, or the equivalent of. And when you think about it, when we reduce it, 1.9 million Australians have diabetes and someone’s diagnosed every five minutes, you realise that it is a big issue and you realise that people who live on the streets, people who live insecurely, just don’t get the same deal.

    So, I’m very pleased that Diabetes Australia took up our encouragement to work with Brendan, and I’m hoping that this is a model, as you are very positively and optimistically said. I should also acknowledge Brendan and Sandra. I acknowledge Brendan. Sandra. Well done. I love Brendan. He’s on a he’s on billboards in my electorate. I mean, they do a great job, and this is a great building. I just want to make these points so, you know, acknowledge everyone else too. You’re beautiful people.

    Diabetes, it’s real. I’ve had family members with it. But it’s treatable. There are things that can be done. And the worst thing in the world is seeing preventable conditions. You know, being the Minister for the NDIS, sometimes you get a genetic lottery. The great American poet Robert Frost, talking about the suicide of his son, he used the term the shafts of fate. And some things are unavoidable. But preventable illness is as it says, it’s really on all of us to go that extra distance. And so, the fact that you’re teaming up with Project 614, I think there’ll be a lot of other organizations very interested. So, I’m just excited. I think it’s really good, and I make at this point that, = you know, behind us, Matthew 1128 up on the wall, it really says it invites people to – this building and what happens in it is to provide support. It’s to provide comfort, to provide peace. But that doesn’t happen without people making that happen. So, great about the diabetes.

    I’d also like to acknowledge part of the reason why I keep coming back here, other than Brendan’s amazing charisma is, they do a lot of good stuff. And since I’ve been the Minister for Services Australia, which is a great privilege, I learned a lot about, you know, it’s not the sexiest portfolio in the government, but I’m now convinced there’s no thing that the government does, which is any more important than what we do at Services Australia. And what I’ve found out is that every year, or last year, Australians went online and dealt with Services Australia and Medicare 1.1 billion times online. That’s a lot. And we have 318 offices, and we have 30,000 plus people working. Over 10 million people come and visit Service Australia offices, which is a lot. It’s amazing. We just answer tens of millions of calls. And by the way, we’re answering quicker than we used to, which is great. But for some people, they’re not going to get on the phone. They’re not going to come into the office. They’re not going to be a digital native transacting. And then you what I realized is we need to go out to the people.

    And that in our communities, there are people who are under-documented or undocumented. We’ve got people who just aren’t in the Medicare system. It’s not that the safety net is inadequate. They’re just not in it. And that’s not anybody’s fault. Life has a way of, can upend endured, you know. A traumatic childhood, you just – there’s no blame about this. But some people are not going to go and sit down and sit in a Centrelink office or fill in a Medicare form online. And that’s where I think what Brendan’s Project 614 and the Salvo’s do so well, and plenty of other places. So, it’s been very exciting for me to be able to work with my agency and say, why don’t we put really special people in our agency, at the homelessness organisations or frontline organisations and Nick Carbine’s here. He’s done a great job, but we’re now doing it in 27 different organisations around the country. This is not rocket science. This has not involved us having to go to the budget to get new money. And by the way, the Services Australia staff, they get more volunteers to come out and do the outreach than there are outreach positions. So, it reflects well on our public servants. But now we’re doing it right across Australia, but we started it here and in Sydney with Bill Crews, the Reverend Bill Crews.

    Now there’s 27 frontline organizations. Over 20,000 different people have now been joined into the system who were missing, and that just means that they are getting some of that support, which a lot of other people take for granted. Now we’ve extended them. We’ve got Hearing Australia, putting in checking people’s hearing here. That’s great. That’s another agency that I work with. The National Disability Insurance Scheme, they’re now working with a lot of people on the NDIS and making sure they can get access. And so that’s fabulous. I mean, Project 614 has of course been doing other work, drug and alcohol work and VicPol and the Housing Vic people have also been utilising this place. But what I like about this place and working with it with the feds is, we’re going to the people and that’s really what it’s all about.

    When I announced that I was changing jobs – not retiring, changing jobs, Brendan was one of the first on the phone. I thought oh, that’s beautiful. He’s just a beautiful man, Brendan. He said, is our contract sorted for when you go? I mean, he sort of said, is it true? And he got into that conversation. And it’s great that David Hazlehurst is here. Services Australia sees the value of doing the outreach work. But really, what I wanted to say in conclusion, in addition to the diabetes work done here by the Salvos, the work done by all of you to join people up is really hope. See, I love coming to this building. It’s a marvellous building. You know, back in the 1880s, 1890s, people were building buildings to last. It showed the importance they attached to it. But whilst this is a beautiful building, it’s what happens in the building is what makes it significant.

    So, this is really a canteen of hope. It’s a building of hope. The volunteers and the people who work here, they’re people of hope. Hope is just the idea which says that you can have a better future and see. Hope is just the emotion that you can look forward to things, and that you have the ability, therefore, to take those steps. If we don’t have hope in our lives, then we have nothing. If we don’t have the idea or the expectation or the dream that things can get better, that there’s a reason to get out of bed in the morning, then you live in a very dark place. And what I love about this building of hope, this operation of hope, is that it delivers that in spades.

    And I love the fact that it’s got – the canteen, it’s rated 4.3, I think, on Google reviews, which is great. It is ironic because that’s what Grossi Florentino across the road. So, it is interesting. And the ham cheese and tomato sandwiches here are probably more value for money too.

    So, you’ve got the hope that you can get a good food, good meal here. But more importantly, all of you are people who subscribe to the view that other people are important. None of you are here because of yourselves. You are all here because you know that none of us are worth anything unless our fellow man and woman is doing okay. And that’s why I was lucky to be introduced by Warren Snowdon. Warren was the father of the House. that’s a term they used in parliament. Longest serving member. And he’s worked on diabetes and Aboriginal communities in central Australia because he represented most of the Northern Territory. But when I think about Warren or I think about any of you who I haven’t mentioned by name, I just know that the world is a very complex and disturbing place. Big elections in America. The news is full of all the things going wrong. But the people in this room, you’ve got hope that the place can be better. And that’s what Diabetes is doing. And that’s why I love today. Because this is just all about hope.

    Thank you.

    MIL OSI News –

  • MIL-OSI Australia: SAPOL mobile application

    Source: South Australia Police

    From 6 December 2024, the South Australia Police mobile application will no longer be available to download.

    Members of the community can access the same information from the SAPOL website.

    Launched in 2016, the app initially offered users an alternative to the SAPOL website, with about 8,000 having downloaded the app.

    Those with the app remaining on their device should be aware that the application will no longer be updated or supported and the recommended action will be to uninstall the app.

    All the functions/applications within the app can be accessed directly from the SA Police Website via desktop or mobile – SAPOL – Home (police.sa.gov.au)

    MIL OSI News –

  • MIL-OSI Australia: Unexplained death at Port Augusta

    Source: South Australia Police

    Major Crime Investigation Branch and Port Augusta CIB detectives are investigating the unexplained death of a 26 year-old woman from Port Augusta.

    The woman, who had physical and intellectual disabilities, died in Royal Adelaide Hospital on Monday night (October 28).

    She was taken to Port Augusta Hospital on October 24 after SA Ambulance attended at her Edinburgh Terrace home. She was found to be seriously ill with significant infected wounds.

    On October 25, the woman’s condition deteriorated, and she was transported to the Royal Adelaide Hospital. Port Augusta CIB detectives were advised and commenced a criminal neglect investigation and searched her home.

    The woman’s death has been declared a major crime.

    Major Crime officer-in-charge Detective Superintendent Des Bray said the investigation was in its early stages and the examination of the house was expected to take several days.

    Major Crime detectives and Forensic Response Section officers have been in Port Augusta working with local police since yesterday.

    “There are significant indicators of criminal neglect, but it is not yet clear if that caused the woman’s death,’’ he said.

    “Because of this there is a simultaneous criminal and coronial investigation underway that involves a significant commitment of resources.

    “The criminal investigation will examine the role of everyone who was involved in the provision of care to the victim and to determine if anyone is criminally responsible for the death. I expect that will take some time.’’

    “I would urge anyone who knows the victim that had raised concerns about her care to contact police.’’

    Anyone with any information is urged to contact Crime Stoppers on 1800 333 000.

    MIL OSI News –

  • MIL-OSI Australia: Supporting at-risk young men in Victoria to break the cycle of gendered violence

    Source: Ministers for Social Services

    Joint with:

    The Hon Justine Elliot MP
    Assistant Minister for Social Services 
    Assistant Minister for the Prevention of Family Violence
    Member for Richmond

    Mr Sam Rae MP
    Member for Hawke

    The Albanese Labor Government is strengthening efforts to prevent gender-based violence in Australia through its new $23 million early intervention trials focussed on engaging at risk young men and adolescent boys, including two trial sites in the Hume and Greater Shepparton regions of Victoria.

    Assistant Minister for Social Services and the Prevention of Family Violence, Justine Elliot, alongside the Federal Member for Hawke, Sam Rae, today met with Berry Street and their consortia partners who have been chosen to deliver the trial in the Hume region.

    Speaking from the trial site in Hume, Assistant Minister Elliot said early intervention work with young men is vital to helping break future cycles of violence in the community.

    “Ending gender-based violence is a complex issue, and we know that early intervention as part of a holistic approach is critical,” Assistant Minister Elliot said.

    “Through the Trial, we will intervene early to break the cycle of family, domestic, and sexual violence by improving the wellbeing of at-risk young men and boys in the key 12-to-18-year age range”

    “The 12 trial sites across Australia, including here in North-West of Melbourne, will support young men and boys to recover and heal from their experience of violence and help them to avoid choosing to use violence in their future relationships.”

    Local Federal Member, Sam Rae MP, said how important it was for these trials to be delivered by local services in order to get the best outcomes for the community.

    “Berry Street, alongside Uniting, Sunbury and Cobaw Community Health, Care First Support Services and Drummond Street, are experts in the field and importantly, know our area and our community”, Mr Rae said.

    “Backed by investment from the Albanese Labor Government, these services will deliver this critical support in our area, and provide the counselling and care that some young men and boys may need to ensure a safer future.”

    Successful grant recipients across Australia are expected to commence delivering services from early 2025.

    Following National Cabinet last month, the Albanese Labor Government committed a further $80 million to enhance and expand child-centric trauma-informed supports for children and young people who have witnessed or experienced family, domestic and sexual violence.

    More information on the National Plan to End Violence against Women and Children 2022-2032 is available on the Department of Social Services website.

    If you or someone you know is experiencing, or at risk of experiencing, domestic, family, or sexual violence, call 1800 737 732, text 0458 737 732 or visit www.1800RESPECT.org.au  for online chat and video call services.

    If you are concerned about your behaviour or use of violence, you can contact the Men’s Referral Service on 1300 766 491 or visit www.ntv.org.au

    Feeling worried or no good? Connect with 13YARN Aboriginal & Torres Strait Islander Crisis Supporters on 13 92 76, available 24/7 from any mobile or pay phone, or visit www.13yarn.org.au

    Kids Helpline (1800 551 800) is a free, confidential online and phone counselling service for young people aged 5 to 25. This service is available 24 hours a day, 7 days a week.

    MIL OSI News –

  • MIL-OSI Russia: From an ambulance to a hybrid operating room: How Moscow saves stroke patients

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Stroke is an acute disorder of blood supply to the brain, in which it is important to provide fast and high-tech assistance. In Moscow, a stroke network has been created on the basis of the largest multidisciplinary hospitals, which includes 13 specialized centers. In anticipation of World Stroke Day, which is celebrated on October 29, we tell you about one of them – at the flagship emergency care center City Clinical Hospital (CCH) No. 15 named after O.M. Filatov.

    A mos.ru correspondent followed in the footsteps of a patient at a stroke center and talked to doctors. How a multidisciplinary team is formed, what high-tech equipment allows finding the brain lesion and performing minimally invasive intervention, and what a hybrid operating room looks like — in our report.

    Beyond the Red Line. From the Ambulance to the Shock Ward

    Severe headache, nausea and vomiting, loss of consciousness or loss of consciousness, convulsions. These symptoms are typical of both ischemic stroke (impaired blood circulation due to vascular occlusion) and hemorrhagic stroke (ruptured blood vessels, causing blood to enter tissues). The first step is to call an ambulance team, which will take you to the nearest stroke center with a free operating room. Osman Osmanov, Deputy Chief Physician for Emergency Care at City Clinical Hospital No. 15 named after O. M. Filatov, shows an information board installed in the admissions department of the flagship center on the first floor.

    “Already on the way, the ambulance team gives us information about the patient. On the board, we see what time the acute condition arose, what is the level of consciousness according to the Glasgow Coma Scale and hemodynamic indicators: blood pressure, pulse, respiratory rate, saturation. In all flagship centers, the “triage” system has been implemented, according to which people are distributed among functional zones depending on the priority of assistance: red, yellow or green. Critical patients are marked on the board in red. Stroke is always “red”. Due to a blood clot in a vessel, brain tissue is damaged due to starvation,” Osman Osmanov specified.

    Meanwhile, a patient arrives at the center. There is a separate entrance for ambulances: through a spacious box separated from the reception area by glass doors. These doors open automatically for the team. Following the red line on the floor, it takes the patient to the anti-shock department. Doctors simultaneously register the person and collect a full anamnesis from the ambulance paramedics. Five minutes after arriving at the center, the patient is taken to the CT room.

    A multidisciplinary team is formed for each new case, emphasized Ikram Tagirov, head of the resuscitation and intensive care department for patients with acute cerebrovascular accident.

    “Not a minute can be wasted in vascular accidents, the life and subsequent rehabilitation of a person depend on our actions. That is why stroke centers are opening in Moscow, where there is everything for diagnostics and provision of qualified medical care for such pathologies: CT, MRI, ECG, at least two angiographs, laboratory equipment. We have four X-ray surgical operating rooms, one of which is hybrid. A multidisciplinary team of neurologists, resuscitators, specialists in radiation diagnostics, and X-ray endovascular surgeons is on duty around the clock. They are ready to meet the patient when they see on the board that he is coming. Sometimes a stroke or a heart attack occurs, then we involve cardiologists. If it turns out not to be a stroke, but a hematoma, then we involve neurosurgeons,” the doctor explained.

    From the triage system to the “space” operating room: how the flagship center of the O.M. Filatov Hospital No. 15 is organizedMoscow doctors have developed a technique for diagnosing childhood strokes — SobyaninSobyanin: Vascular centers received 8 angiographs with 3D modeling functionOver the past eight years, Moscow doctors have managed to increase the number of operations performed to remove blood clots by more than 30 times.

    Computed tomography for scanning the bloodstream

    The council is assembled right in the CT room. First of all, blood is taken for analysis and a native CT examination is performed (without contrast agent): the overall picture is assessed. Then, if indicated, CT angiography is performed to detect cerebral artery occlusion.

    If a hemorrhage or a space-occupying lesion of the brain is detected during a native examination, the patient is consulted by a neurosurgeon. When a person with an ischemic stroke is admitted in the therapeutic window (the time when a drug that dissolves a clot can be administered to a patient in this condition) and in the absence of contraindications, the question of thrombolytic therapy (TLT) arises. This is the breakdown of blood clots using medications. The faster the procedure is performed, the better the effect and the lower the neurological deficit. Thrombolytic therapy has strict time limits – 4.5 hours from the onset of symptoms, noted neurologist Zaretta Kurbanova.

    “We usually understand whether a particular patient is suitable for thrombolytic therapy before the ambulance arrives, since we know the onset time of the disease. If we are convinced by native CT that the ischemic focus (zone of dead cells) has not yet formed, we perform thrombolytic therapy and administer a thrombolytic drug. By that time, the test results are ready, because before thrombolysis it is important to check hemoglobin, platelets, and a coagulogram. After a native examination of the brain, if there are indications, we proceed to CT angiography. Contrasting the vessels allows us to scan the bloodstream and find the site of blockage that caused the stroke. It is in the CT examination room that a neurologist and an X-ray endovascular surgeon decide whether endovascular intervention (thromboextraction) is possible, that is, surgical extraction of a thrombus,” said Zaretta Kurbanova.

    In case of intracerebral hematoma, angiography is used to find the source of the hemorrhage and the patient is transferred to a neurosurgeon. Diagnostic procedures take about 30-40 minutes. The next stage is the operating room.

    Inside the “space” operating room. Stenting and thrombus extraction

    We leave the CT room and call the “red” elevator. The doors open immediately, and we go in a spacious cabin to the third floor – to the operating and resuscitation unit. If an intervention were planned, the anesthesiologist would already be waiting for us here. Most often, operations are performed under general anesthesia: the patient should not move while the surgeon works with microinstruments on small vessels.

    We put on a doctor’s suit – gowns, caps, masks – and go into the hybrid operating room. This is the heart of the stroke center, and doctors call it “Cosmos”. The latest generation angiographic complex, an artificial blood circulation machine, and ultrasound devices are installed here. Cardiovascular and general surgeons, traumatologists, gynecologists and other specialists can work together in the operating room. To understand all the sensors and monitors, we ask Sergei Korotkikh, a doctor of X-ray endovascular diagnostics and treatment, to give us a tour.

    He approaches the angiographic complex, presses a button on the display, and the couch smoothly rotates in different planes. For example, it tilts to the side: in this position, cardiac surgeons can conveniently operate on the aorta. In the case of a stroke, the couch is straightened. Sergei Korotkikh presses another button, and now the angiograph tube — an X-ray machine — moves in different planes.

    “With the help of an angiograph, we display a detailed image of the lesion on the screen, “remove” bone structures and build a vascular tree. The operation is performed using a minimally invasive endovascular method. Through small punctures, we insert flexible catheters into the vessel and open a stent in the thrombosis area. It is embedded in the structure of the thrombus, and we remove them both. After the intervention, we check whether the blood flow has been completely restored. And we always monitor the pressure: it can jump or fall sharply. After the thrombus is removed, the blood supply is restored, and the tissue in the brain is soft, it reacts sensitively to the effects of blood,” the doctor explained.

    We study angiographic images taken during operations. In the first one, the black “branches” – the blood supply – are cut off. In the second one, after treatment, they stretched across the brain again. The operation lasts about half an hour, then the person, accompanied by an anesthesiologist, is transported to the neurological intensive care unit.

    On the mend. Rehabilitation and prevention of recurrent stroke

    The final stage is a comprehensive examination to identify the cause of the stroke and reduce the risk of its recurrence. Rehabilitation begins in intensive care and continues in specialized centers or hospital departments.

    Innovative equipment also helps to recover from a stroke. For example, training is carried out on exercise machines with biofeedback. And a glove exercise machine helps to restore fine motor skills of the hands. A neurointerface is used to restore statolocomotor disorders, control of upper limb movements, and cognitive functions. Muscovites can receive free medications to reduce the risk of secondary stroke for two years from the date of diagnosis.

    The city also has a stroke prevention program. People at risk undergo ultrasound examinations of the neck vessels to detect atherosclerotic plaques, and those diagnosed with atrial fibrillation are prescribed blood thinners.

    Saving Hearts. Moscow’s Chief Cardiac Surgeon on Minimally Invasive Techniques and Disease PreventionTechnologies on guard of health: what high-precision equipment is used in Moscow hospitalsAngiograph, incubator and robotic technology: what makes the capital’s new medical centers uniqueSobyanin spoke about the new standard of emergency medical care in flagship centers

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145869073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Construction of the International Hockey Academy continues in the Mnevnikovskaya floodplain

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    As part of the formation of a sports cluster in the Mnevnikovskaya floodplain, the construction of the Alexander Ovechkin International Hockey Academy continues. This was reported by the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy Vladislav Ovchinsky.

    “The main building of the Alexander Ovechkin International Hockey Academy will have training grounds and two ice arenas. One of them will have an auditorium for 1,500 seats. A multifunctional conference hall will also be equipped here. A hotel for athletes and a recovery and rehabilitation center are being built on the territory of the academy. In addition, as part of the formation of a sports cluster, they plan to build a beach sports center and a year-round water recreation and entertainment complex here,” explained Vladislav Ovchinsky.

    In addition, Mnevnikovskaya floodplain will have well-equipped tennis courts, volleyball, streetball, and workout courts. They will also build an ice and multi-purpose sports palace, an ice palace, a multi-functional building with a curling arena, a billiards palace, a rowing base, and a building for the CSKA basketball club.

    “A large sports cluster is being formed on the territory of the Mnevnikovskaya floodplain, for the construction of facilities for which the city is providing land as part of the implementation of large-scale investment projects. Thus, over three hectares have been allocated for the construction of the Alexander Ovechkin International Hockey Academy, almost 2.5 hectares for a multifunctional ice palace for the Russian curling team, over 3.6 hectares for a complex with two ice arenas, martial arts and gymnastics halls, and a tennis center will appear on an area of 2.2 hectares,” said the Minister of the Moscow Government, Head of the Department of City Property of the capital

    Maxim Gaman.

    To implement large-scale investment projects, investors are provided with land without bidding. In addition to sports facilities, production complexes, innovation centers, social institutions, transport, commercial and other facilities can receive the status of such a project. For their construction, the city provides plots for rent for five years.

    On the instructions of Sergei Sobyanin, the city is paying special attention to the quality of sports infrastructure facilities. As noted by the Chairman of the Committee for State Construction Supervision of Moscow (Mosgosstroynadzor) Anton Slobodchikov, since the start of construction of the academy last summer, Mosgosstroynadzor has conducted five on-site inspections. Inspectors assessed the volume of work performed, the organization of the construction site, and compliance with safety requirements. Specialists from the subordinate Expertise Center were involved in the inspections. They conducted instrumental studies of the quality of structures and materials used, as well as their compliance with design documentation.

    Earlier Sergei Sobyanin reportedthat after the completion of the integrated development of the Mnevnikovskaya floodplain territory, a sports cluster with a total area of about 500 thousand square meters will appear here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145891073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Historical festival and excursions prepared at VDNKh for National Unity Day

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On November 3 and 4, in honor of National Unity Day, VDNKh will host excursions and a historical festival, reported Natalia Sergunina, Deputy Mayor of Moscow.

    “The program is prepared in such a way that it will be interesting for everyone – both adults and children. In addition to excursions, Muscovites and tourists will be treated to immersive performances and master classes,” Natalia Sergunina clarified.

    On November 3 and 4 at 13:00, everyone is invited to an educational walk “National Unity in the Symbols of VDNKh Architecture”. Participants will see iconic places of the complex, such as the “Friendship of Nations” fountain and Pavilion No. 1 “Central”. Guides will tell about the history of the celebration of National Unity Day at the exhibition.

    On November 4 at 15:00, 17:00 and 19:30 there will be excursions in the Cosmonautics and Aviation Center. Visitors will learn about space programs and experiments that are conducted in orbit. In addition, at the meetings they will list the cities of Russia where they are preparing for flights and from where it is possible to launch rockets and satellites.

    On the same day at 17:00 and 19:00, thematic walks will begin in the Museum of Slavic Literature “Word”.

    Admission is free with prior registration. on the exhibition website.

    Old recipes and theatrical interactives

    The festival “Bread Ear – Gold of Russia” is planned for November 4 at the Industrial Square. It will include master classes with theatrical performances reflecting different eras in Russian history.

    A large tent with four zones will be prepared for the guests. They will be transported to the 12th, 17th, 19th and 20th centuries. There they will learn how to bake gingerbread, kalachi and bread according to traditional recipes. Here they will also perform romances, play the gusli and gudok. In addition, you can join a ballroom dancing lesson and an interactive session with poems and fairy tales.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145862073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Perekopsky pond in Zyuzino has been put in order

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Specialists from the city services complex have rehabilitated the Perekop pond in the southwest of the capital. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “The pond, located on the territory of the Zyuzinskaya volost museum park between residential buildings, was in an unsatisfactory condition: silt deposits had accumulated at the bottom, which caused the water area to bloom during the warm season, and the coastal strip was partially destroyed. In connection with this, a decision was made to carry out a comprehensive rehabilitation of the pond, now it is again a comfortable place for city residents to relax,” said Pyotr Biryukov.

    The specialists removed the silt deposits, which increased the average depth of the pond. After that, they formed the pond bed by backfilling with sand and began repairing the shoreline, which was over 200 meters long. According to the project, it was done in two ways: vertically – in the form of a crib wall made of larch logs and sloping – with backfilling with crushed stone. In addition, the pavement of the path and stairways was restored.

    At the final stage, three bioplateau zones with a total area of about 240 square meters were organized. More than 3.5 thousand aquatic plants were planted there.

    The city regularly conducts surveys of water bodies and, if problems are identified, makes decisions on rehabilitation. The list of water bodies is compiled annually taking into account the wishes of Muscovites.

    Pond Bykovo Boloto in Zelenograd was put in orderIzyutinsky pond in the south of the capital has been put in order

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145906073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Fountains at VDNKh Prepared for Winter

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Specialists from the city economy complex have prepared the fountains on the territory of VDNKh for the winter period. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “The fountain season ended in the capital on October 12, after which they began preparing the structures for winter. They washed the fountains “Friendship of Peoples”, “Stone Flower”, “Golden Ear” and 14 fountains located on the Central Alley of VDNKh. The work was carried out by utility crews with the involvement of special equipment,” said Pyotr Biryukov.

    The fountains at VDNKh are complex architectural and artistic structures with a large number of gilded sculptures, as well as decorative copper and bronze elements. They require careful maintenance and are washed exclusively by hand.

    The gilded elements and smalt mosaics were cleaned with a citric acid solution using soft brushes, and the granite surfaces were washed using high-pressure devices with a neutral agent. Industrial climbers were used to clean the upper part of the Golden Ear fountain, which is 16 meters high. Boats were used to reach the fountain, located in the center of the Third Kamensky Pond.

    During the winter period, specialists will carefully check the technical condition of the fountains, all structures in underground collectors, hydraulics, pumping equipment and jet-forming elements.

    In 2018–2019, all 14 fountains located on the Central Alley were restored at VDNKh, as well as fountains that are cultural heritage sites: “Golden Ear”, “Stone Flower” and “Friendship of Peoples”. They were given back their historical appearance and their engineering systems were completely updated.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/145908073/

    MIL OSI Russia News –

  • MIL-OSI Europe: Telegram of the Holy Father on the death of His Eminence Cardinal Renato Raffaele Martino

    Source: The Holy See

    Telegram of the Holy Father on the death of His Eminence Cardinal Renato Raffaele Martino, 29.10.2024

    The following is the telegram of condolence on the death on Monday 28 October 2024 of His Eminence Cardinal Renato Raffaele Martino, protodeacon of San Francesco di Paola ai Monti, president emeritus of the Pontifical Council for Justice and Peace and president emeritus of the Pontifical Council for the Pastoral Care of Migrants and Itinerant Peoples, sent by the Holy Father Francis to the late Cardinal’s brother, Marcello Martino:

    Telegram of the Holy Father
    MR. MARCELLO MARTINO00012 GUIDONIA MONTECELIO
    ON LEARNING OF THE NEWS OF THE DEATH OF YOUR BROTHER, CARDINAL RENATO RAFFAELE MARTINO, I WISH TO EXPRESS MY CONDOLENCES TO YOU, TO ALL HIS FAMILY AND TO THE ARCHDIOCESE OF SALERNO-CAMPAGNA-ACERNO OF WHICH HE WAS A RESPECTED PRESBYTER. AS I REMEMBER THIS ZEALOUS PASTOR WHO SERVED THE GOSPEL AND THE CHURCH, I THINK WITH GRATITUDE OF HIS LONG AND DILIGENT COLLABORATION WITH MY PREDECESSORS AS APOSTOLIC NUNCIO TO A NUMBER OF ASIAN COUNTRIES AND ESPECIALLY TO THE UNITED NATIONS ORGANIZATION, WHERE HE SPARED NO ENERGY TO BEAR WITNESS TO THE POPE’S PATERNAL CONCERN FOR THE FATE OF HUMANITY, AND FINALLY AS PRESIDENT OF THE PONTIFICAL COUNCIL FOR JUSTICE AND PEACE. IN THE VARIOUS ROLES ENTRUSTED TO HIM, HE WORKED WITH GREAT DYNAMISM FOR THE GOOD OF PEOPLES, CONSTANTLY PROMOTING DIALOGUE AND CONCORD. I ASK THE LORD TO WELCOME THIS FAITHFUL SERVANT OF HIS TO THE HEAVENLY JERUSALEM AND FROM MY HEART I IMPART MY BLESSING TO THOSE WHO MOURN HIS DEPARTURE, WITH A GRATEFUL THOUGHT FOR THOSE WHO CARED FOR HIM.
    FRANCIS

    MIL OSI Europe News –

  • MIL-OSI Economics: Strong Portfolio and Strategic Priorities Support Phillips 66 Third-Quarter Results

    Source: Phillips

    Reported third-quarter earnings of $346 million or $0.82 per share; adjusted earnings of $859 million or $2.04 per share
    Returned $1.3 billion to shareholders through dividends and share repurchases
    Achieved business transformation $1.4 billion run-rate savings target, including $1 per barrel Refining cost reduction
    Progressed asset dispositions totaling $2.7 billion toward $3 billion target, including recently executed agreements

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX), a leading integrated downstream energy provider, announced third-quarter earnings.
    “Our employees continue to execute our strategic priorities, deliver strong operating performance and leverage the benefits of our differentiated downstream portfolio,” said Mark Lashier, chairman and CEO of Phillips 66.
    “We have achieved our cost reduction and Midstream synergy targets,” said Lashier. “In addition, we have significantly advanced our asset disposition program with recently announced transactions. Our commitment to operational excellence and disciplined capital allocation continues to create long-term shareholder value.” 
    Financial Results Summary ( in millions of dollars, except as indicated)

     

     

     

    3Q 2024

    2Q 2024

    Earnings

    $

    346

     

    1,015

     

    Adjusted Earnings 1

     

    859

     

    984

     

    Adjusted EBITDA 1

     

    1,998

     

    2,183

     

    Earnings Per Share

     

     

    Earnings Per Share – Diluted

     

    0.82

     

    2.38

     

    Adjusted Earnings Per Share – Diluted 1

     

    2.04

     

    2.31

     

    Cash Flow From Operations

     

    1,132

     

    2,097

     

    Cash Flow From Operations, Excluding Working Capital 1

     

    1,513

     

    1,181

     

    Capital Expenditures & Investments 2

     

    358

     

    367

     

    Return of Capital to Shareholders

     

    1,277

     

    1,325

     

    Share repurchases

     

    800

     

    840

     

    Dividends paid

     

    477

     

    485

     

    Cash

     

    1,637

     

    2,444

     

    Debt

     

    19,998

     

    19,960

     

    Debt-to-capital ratio

     

    40

    %

    40

    %

    Net debt-to-capital ratio 1

     

    38

    %

    36

    %

    1Represents a non-GAAP financial measure. Reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measure are included within this release.

    2Excludes acquisitions of $567 million in the third quarter of 2024, and purchases of government obligations of $1.1 billion in third-quarter of 2024.

    Segment Financial and Operating Highlights (in millions of dollars, except as indicated)

     

     

     

    3Q 2024

    2Q 2024

    Change

    Earnings 1

    $

    346

     

    1,015

     

    (669

    )

    Midstream

     

    644

     

    767

     

    (123

    )

    Chemicals

     

    342

     

    222

     

    120

     

    Refining

     

    (108

    )

    302

     

    (410

    )

    Marketing and Specialties

     

    (22

    )

    415

     

    (437

    )

    Renewable Fuels

     

    (116

    )

    (55

    )

    (61

    )

    Corporate and Other

     

    (327

    )

    (340

    )

    13

     

    Income tax expense

     

    (44

    )

    (291

    )

    247

     

    Noncontrolling interests

     

    (23

    )

    (5

    )

    (18

    )

     

     

     

     

    Adjusted Earnings 1,2

    $

    859

     

    984

     

    (125

    )

    Midstream

     

    672

     

    753

     

    (81

    )

    Chemicals

     

    342

     

    222

     

    120

     

    Refining

     

    (67

    )

    302

     

    (369

    )

    Marketing and Specialties

     

    583

     

    415

     

    168

     

    Renewable Fuels

     

    (116

    )

    (55

    )

    (61

    )

    Corporate and Other

     

    (327

    )

    (340

    )

    13

     

    Income tax expense

     

    (205

    )

    (278

    )

    73

     

    Noncontrolling interests

     

    (23

    )

    (35

    )

    12

     

     

     

     

     

    Adjusted EBITDA 2

    $

    1,998

     

    2,183

     

    (185

    )

    Midstream

     

    892

     

    971

     

    (79

    )

    Chemicals

     

    466

     

    348

     

    118

     

    Refining

     

    188

     

    531

     

    (343

    )

    Marketing and Specialties

     

    656

     

    484

     

    172

     

    Renewable Fuels

     

    (92

    )

    (43

    )

    (49

    )

    Corporate and Other

     

    (112

    )

    (108

    )

    (4

    )

     

     

     

     

    Operating Highlights

     

     

     

    Midstream NGL Fractionated Volumes (MBD)

     

    728

     

    744

     

    (16

    )

    Chemicals Global O&P Utilization

     

    98

    %

    98

    %

    —

    %

    Refining

     

     

     

    Turnaround Expense ($)

     

    137

     

    100

     

    37

     

    Realized Margin ($/BBL) 2

     

    8.31

     

    10.01

     

    (1.70

    )

    Crude Capacity Utilization

     

    94

    %

    98

    %

    (4

    %)

    Clean Product Yield

     

    87

    %

    86

    %

    1

    %

    Renewable Fuels Produced (MBD)

     

    44

     

    31

     

    13

     

    1Segment reporting is pre-tax.

     

     

     

    2Represents a non-GAAP financial measure. Reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measure are included within this release.

    Third-Quarter 2024 Financial Results
    Reported earnings were $346 million for the third quarter of 2024 versus $1.0 billion in the second quarter. Third-quarter earnings included a legal accrual of $605 million in the Marketing and Specialties segment, costs related to the planned shutdown of the Los Angeles Refinery of $41 million in the Refining segment, and an impairment of $28 million in the Midstream segment. Second-quarter earnings included a gain on sale of investment of $238 million and an impairment of $224 million, both impacting the Midstream segment. Adjusted earnings for the third quarter were $859 million versus $984 million in the second quarter.
    Midstream third-quarter 2024 adjusted pre-tax income decreased compared with the second quarter mainly due to seasonal maintenance costs and lower equity earnings, partially offset by higher export margins.
    Chemicals reported pre-tax income increased mainly due to higher margins and lower costs.
    Refining adjusted pre-tax loss was a decrease compared to the second quarter, primarily due to a decline in realized margins largely driven by lower market crack spreads.
    Marketing and Specialties adjusted pre-tax income increased primarily due to higher margins.
    Renewable Fuels reported pre-tax loss increased primarily due to lower realized margins, partially offset by higher volumes.
    As of September 30, 2024, the company had $1.6 billion of cash and cash equivalents and $5.3 billion of committed capacity available under credit facilities.
    Business Highlights and Strategic Priorities Progress
    Distributed $12.5 billion through share repurchases and dividends since July 2022 and on pace to achieve the company’s $13 billion to $15 billion target by year-end.
    Achieved $1.4 billion in run-rate business transformation savings, delivering on the company’s target ahead of schedule.
    Expanded its Midstream NGL wellhead-to-market business with the acquisition of Pinnacle Midstream and approved a follow-on processing plant expansion in the Midland Basin expected to be completed in mid-year 2025.
    Achieved target of over $400 million of run-rate synergies from the successful integration of DCP Midstream.
    Received proceeds of $1.3 billion since 2022 toward the company’s $3 billion asset disposition target. In addition, the company recently agreed to sell its 49% interest in a Switzerland-based retail joint venture for $1.24 billion, and its interests in non-core Midstream assets in North Dakota.
    Investor Webcast
    Members of Phillips 66 executive management will host a webcast at noon ET to provide an update on the company’s strategic initiatives and discuss the company’s third-quarter performance. To access the webcast and view related presentation materials, go to phillips66.com/investors and click on “Events & Presentations.” For detailed supplemental information, go to phillips66.com/supplemental.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.Use of Non-GAAP Financial Information —This news release includes the terms “adjusted earnings,” “adjusted pre-tax income (loss),” “adjusted EBITDA,” “adjusted earnings per share,” “refining realized margin per barrel,” “cash from operations, excluding working capital,” and “net debt-to-capital ratio.” These are non-GAAP financial measures that are included to help facilitate comparisons of operating performance across periods and to help facilitate comparisons with other companies in our industry. Where applicable, these measures exclude items that do not reflect the core operating results of our businesses in the current period or other adjustments to reflect how management analyzes results. Reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measure are included within this release.
    References in the release to earnings refer to net income attributable to Phillips 66. References to run-rate business transformation savings include cost savings and other benefits that will be captured in the sales and other operating revenues impacting gross margin; purchased crude oil and products costs impacting gross margin; operating expenses; selling, general and administrative expenses; and equity in earnings of affiliates lines on our consolidated statement of income when realized. Run-rate savings include run-rate sustaining capital savings. Run-rate sustaining capital savings include savings that will be captured in the capital expenditures and investments on our consolidated statement of cash flows when realized.
    Basis of Presentation — Effective April 1, 2024, we changed the internal financial information reviewed by our chief executive officer to evaluate performance and allocate resources to our operating segments. This included changes in the composition of our operating segments, as well as measurement changes for certain activities between our operating segments. The primary effects of this realignment included establishment of a Renewable Fuels operating segment, which includes renewable fuels activities and assets historically reported in our Refining, Marketing and Specialties (M&S), and Midstream segments; change in method of allocating results for certain Gulf Coast distillate export activities from our M&S segment to our Refining segment; reclassification of certain crude oil and international clean products trading activities between our M&S segment and our Refining segment; and change in reporting of our 16% investment in NOVONIX from our Midstream segment to Corporate and Other. Accordingly, prior period results have been recast for comparability.
    In the third quarter of 2024, we began presenting the line item “Capital expenditures and investments” on our consolidated statement of cash flows exclusive of acquisitions, net of cash acquired. Accordingly, prior period information has been reclassified for comparability.
    Cautionary Statement for the Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995 —This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

     

     

     

     
     
     

    Earnings

     

     

     

     

     

     

     

     

     

     

     

     

    Millions of Dollars

     

     

    2024

     

     

    2023

     

    3Q  

     

    2Q  

     

    Sep YTD

     

    3Q  

     

    Sep YTD

    Midstream

    $

    644

     

    767

     

    1,965

     

     

    724

     

    2,060

     

    Chemicals

     

    342

     

    222

     

    769

     

     

    104

     

    494

     

    Refining

     

    (108

    )

    302

     

    410

     

     

    1,712

     

    4,481

     

    Marketing and Specialties

     

    (22

    )

    415

     

    759

     

     

    605

     

    1,501

     

    Renewable Fuels

     

    (116

    )

    (55

    )

    (226

    )

     

    22

     

    164

     

    Corporate and Other

     

    (327

    )

    (340

    )

    (989

    )

     

    (354

    )

    (992

    )

    Pre-Tax Income

     

    413

     

    1,311

     

    2,688

     

     

    2,813

     

    7,708

     

    Less: Income tax expense

     

    44

     

    291

     

    538

     

     

    670

     

    1,754

     

    Less: Noncontrolling interests

     

    23

     

    5

     

    41

     

     

    46

     

    199

     

    Phillips 66

    $

    346

     

    1,015

     

    2,109

     

     

    2,097

     

    5,755

     

     

     

     

     

     

     

     

     

     

     

     

     

    Adjusted Earnings

     

     

     

     

     

     

     

     

     

     

     

     

    Millions of Dollars

     

    2024

     

     

    2023

     

    3Q

     

    2Q

     

    Sep YTD

     

    3Q

     

    Sep YTD

    Midstream

    $

    672

     

    753

     

    2,038

     

     

    581

     

    1,915

     

    Chemicals

     

    342

     

    222

     

    769

     

     

    104

     

    494

     

    Refining

     

    (67

    )

    302

     

    548

     

     

    1,742

     

    4,525

     

    Marketing and Specialties

     

    583

     

    415

     

    1,305

     

     

    605

     

    1,501

     

    Renewable Fuels

     

    (116

    )

    (55

    )

    (226

    )

     

    22

     

    164

     

    Corporate and Other

     

    (327

    )

    (340

    )

    (989

    )

     

    (303

    )

    (812

    )

    Pre-Tax Income

     

    1,087

     

    1,297

     

    3,445

     

     

    2,751

     

    7,787

     

    Less: Income tax expense

     

    205

     

    278

     

    709

     

     

    660

     

    1,768

     

    Less: Noncontrolling interests

     

    23

     

    35

     

    71

     

     

    21

     

    218

     

    Phillips 66

    $

    859

     

    984

     

    2,665

     

     

    2,070

     

    5,801

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Millions of Dollars

     

    Except as Indicated

     

    2024

     

     

    2023

     

    3Q

     

    2Q

     

    Sep YTD

     

    3Q

     

    Sep YTD

    Reconciliation of Consolidated Earnings to Adjusted Earnings

     

     

     

     

     

     

     

     

     

     

     

    Consolidated Earnings

    $

    346

     

    1,015

     

    2,109

     

     

    2,097

     

    5,755

     

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    Impairments 1

     

    28

     

    224

     

    415

     

     

    —

     

    —

     

    Net gain on asset dispositions

     

    —

     

    (238

    )

    (238

    )

     

    (101

    )

    (123

    )

    Change in inventory method for acquired business

     

    —

     

    —

     

    —

     

     

    (46

    )

    (46

    )

    Los Angeles Refinery shutdown-related costs 2

     

    41

     

    —

     

    41

     

     

    —

     

    —

     

    Legal accrual 3

     

    605

     

    —

     

    605

     

     

    30

     

    30

     

    Legal settlement

     

    —

     

    —

     

    (66

    )

     

    —

     

    —

     

    Business transformation restructuring costs

     

    —

     

    —

     

    —

     

     

    51

     

    127

     

    Loss on early redemption of DCP debt

     

    —

     

    —

     

    —

     

     

    —

     

    53

     

    DCP integration restructuring costs

     

    —

     

    —

     

    —

     

     

    4

     

    38

     

    Tax impact of adjustments 4

     

    (161

    )

    13

     

    (171

    )

     

    10

     

    (14

    )

    Noncontrolling interests

     

    —

     

    (30

    )

    (30

    )

     

    25

     

    (19

    )

    Adjusted earnings

    $

    859

     

    984

     

    2,665

     

     

    2,070

     

    5,801

     

    Earnings per share of common stock ( dollars )

    $

    0.82

     

    2.38

     

    4.94

     

     

    4.69

     

    12.61

     

    Adjusted earnings per share of common stock ( dollars ) 5

    $

    2.04

     

    2.31

     

    6.25

     

     

    4.63

     

    12.71

     

     

     

     

     

     

     

     

     

     

     

     

     

    Reconciliation of Segment Pre-Tax Income (Loss) to Adjusted Pre-Tax Income (Loss)

    Midstream Pre-Tax Income

    $

    644

     

    767

     

    1,965

     

     

    724

     

    2,060

     

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    Impairments 1

     

    28

     

    224

     

    311

     

     

    —

     

    —

     

    Net gain on asset disposition

     

    —

     

    (238

    )

    (238

    )

     

    (101

    )

    (137

    )

    Change in inventory method for acquired business

     

    —

     

    —

     

    —

     

     

    (46

    )

    (46

    )

    DCP integration restructuring costs

     

    —

     

    —

     

    —

     

     

    4

     

    38

     

    Adjusted pre-tax income

    $

    672

     

    753

     

    2,038

     

     

    581

     

    1,915

     

    Chemicals Pre-Tax Income

    $

    342

     

    222

     

    769

     

     

    104

     

    494

     

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    None

     

    —

     

    —

     

    —

     

     

    —

     

    —

     

    Adjusted pre-tax income

    $

    342

     

    222

     

    769

     

     

    104

     

    494

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Refining Pre-Tax Income (Loss)

    $

    (108

    )

    302

     

    410

     

     

    1,712

     

    4,481

     

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    Impairments 1

     

    —

     

    —

     

    104

     

     

    —

     

    —

     

    Los Angeles Refinery shutdown-related costs 2

     

    41

     

    —

     

    41

     

     

    —

     

    —

     

    Net loss on asset disposition

     

    —

     

    —

     

    —

     

     

    —

     

    14

     

    Legal accrual 3

     

    —

     

    —

     

    —

     

     

    30

     

    30

     

    Legal settlement

     

    —

     

    —

     

    (7

    )

     

    —

     

    —

     

    Adjusted pre-tax income (loss)

    $

    (67

    )

    302

     

    548

     

     

    1,742

     

    4,525

     

    Marketing and Specialties Pre-Tax Income (Loss)

    $

    (22

    )

    415

     

    759

     

     

    605

     

    1,501

     

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    Legal accrual 3

     

    605

     

    —

     

    605

     

     

    —

     

    —

     

    Legal settlement

     

    —

     

    —

     

    (59

    )

     

    —

     

    —

     

    Adjusted pre-tax income

    $

    583

     

    415

     

    1,305

     

     

    605

     

    1,501

     

    Renewable Fuels Pre-Tax Income (Loss)

    $

    (116

    )

    (55

    )

    (226

    )

     

    22

     

    164

     

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    None

     

    —

     

    —

     

    —

     

     

    —

     

    —

     

    Adjusted pre-tax income (loss)

    $

    (116

    )

    (55

    )

    (226

    )

     

    22

     

    164

     

    Corporate and Other Pre-Tax Loss

    $

    (327

    )

    (340

    )

    (989

    )

     

    (354

    )

    (992

    )

    Pre-tax adjustments:

     

     

     

     

     

     

     

     

     

     

     

    Business transformation restructuring costs

     

    —

     

    —

     

    —

     

     

    51

     

    127

     

    Loss on early redemption of DCP debt

     

    —

     

    —

     

    —

     

     

    —

     

    53

     

    Adjusted pre-tax loss

    $

    (327

    )

    (340

    )

    (989

    )

     

    (303

    )

    (812

    )

     

     

     

     

     

     

     

     

     

     

     

     

    1Impairments primarily related to certain gathering and processing assets in the Midstream segment, as well as certain crude oil processing and logistics assets in California, reported in the Refining segment.

    2Shutdown-related costs recorded in the Refining segment include pre-tax charges for severance costs.

    3Legal accrual primarily related to ongoing litigation.

    4We generally tax effect taxable U.S.-based special items using a combined federal and state statutory income tax rate of approximately 24%. Taxable special items attributable to foreign locations likewise use a local statutory income tax rate. Nontaxable events reflect zero income tax. These events include, but are not limited to, most goodwill impairments, transactions legislatively exempt from income tax, transactions related to entities for which we have made an assertion that the undistributed earnings are permanently reinvested, or transactions occurring in jurisdictions with a valuation allowance.

    5YTD 2024, Q3 2024, Q3 2023 are based on adjusted weighted-average diluted shares of 426,301 thousand, 419,827 thousand, and 447,255 thousand, respectively. Other periods are based on the same weighted-average diluted shares outstanding as that used in the GAAP diluted earnings per share calculation. Income allocated to participating securities, if applicable, in the adjusted earnings per share calculation is the same as that used in the GAAP diluted earnings per share calculation.

     
     
     

     

    Millions of Dollars

     

    Except as Indicated

     

    2024

     

    3Q

     

    2Q

     

    Reconciliation of Consolidated Net Income to Adjusted EBITDA

     

     

     

     

    Net Income

    $

    369

     

    1,020

     

    Plus:

     

     

     

     

    Income tax expense

     

    44

     

    291

     

    Net interest expense

     

    191

     

    200

     

    Depreciation and amortization

     

    543

     

    497

     

    Phillips 66 EBITDA

    $

    1,147

     

    2,008

     

    Special Item Adjustments (pre-tax):

     

     

     

     

    Impairments

     

    28

     

    224

     

    Net gain on asset disposition

     

    —

     

    (238

    )

    Los Angeles Refinery shutdown-related costs

     

    41

     

    —

     

    Legal accrual

     

    605

     

    —

     

    Legal settlement

     

    —

     

    —

     

    Total Special Item Adjustments (pre-tax)

     

    674

     

    (14

    )

    Change in Fair Value of NOVONIX Investment

     

    —

     

    7

     

    Phillips 66 EBITDA, Adjusted for Special Items and Change in Fair Value of NOVONIX Investment

    $

    1,821

     

    2,001

     

    Other Adjustments (pre-tax):

     

     

     

     

    Proportional share of selected equity affiliates income taxes

     

    24

     

    26

     

    Proportional share of selected equity affiliates net interest

     

    12

     

    19

     

    Proportional share of selected equity affiliates depreciation and amortization

     

    188

     

    195

     

    Adjusted EBITDA attributable to noncontrolling interests

     

    (47

    )

    (58

    )

    Phillips 66 Adjusted EBITDA

    $

    1,998

     

    2,183

     

     

     

     

     

     

    Reconciliation of Segment Income before Income Taxes to Adjusted EBITDA

     

     

     

     

    Midstream Income before income taxes

    $

    644

     

    767

     

    Plus:

     

     

     

     

    Depreciation and amortization

     

    233

     

    224

     

    Midstream EBITDA

    $

    877

     

    991

     

    Special Item Adjustments (pre-tax):

     

     

     

     

    Net gain on asset disposition

     

    —

     

    (238

    )

    Impairments

     

    28

     

    224

     

    Midstream EBITDA, Adjusted for Special Items

    $

    905

     

    977

     

    Other Adjustments (pre-tax):

     

     

     

     

    Proportional share of selected equity affiliates income taxes

     

    5

     

    5

     

    Proportional share of selected equity affiliates net interest

     

    3

     

    10

     

    Proportional share of selected equity affiliates depreciation and amortization

     

    26

     

    37

     

    Adjusted EBITDA attributable to noncontrolling interests

     

    (47

    )

    (58

    )

    Midstream Adjusted EBITDA

    $

    892

     

    971

     

    Chemicals Income before income taxes

    $

    342

     

    222

     

    Plus:

     

     

     

     

    None

     

    —

     

    —

     

    Chemicals EBITDA

    $

    342

     

    222

     

    Special Item Adjustments (pre-tax):

     

     

     

     

    None

     

    —

     

    —

     

    Chemicals EBITDA, Adjusted for Special Items

    $

    342

     

    222

     

    Other Adjustments (pre-tax):

     

     

     

     

    Proportional share of selected equity affiliates income taxes

     

    13

     

    15

     

    Proportional share of selected equity affiliates net interest

     

    (2

    )

    —

     

    Proportional share of selected equity affiliates depreciation and amortization

     

    113

     

    111

     

    Chemicals Adjusted EBITDA

    $

    466

     

    348

     

    Refining Income (loss) before income taxes

    $

    (108

    )

    302

     

    Plus:

     

     

     

     

    Depreciation and amortization

     

    230

     

    204

     

    Refining EBITDA

    $

    122

     

    506

     

    Special Item Adjustments (pre-tax):

     

     

     

     

    Los Angeles Refinery shutdown-related costs

     

    41

     

    —

     

    Refining EBITDA, Adjusted for Special Items

    $

    163

     

    506

     

    Other Adjustments (pre-tax):

     

     

     

     

    Proportional share of selected equity affiliates income taxes

     

    (1

    )

    1

     

    Proportional share of selected equity affiliates net interest

     

    (1

    )

    (2

    )

    Proportional share of selected equity affiliates depreciation and amortization

     

    27

     

    26

     

    Refining Adjusted EBITDA

    $

    188

     

    531

     

    Marketing and Specialties Income (loss) before income taxes

    $

    (22

    )

    415

     

    Plus:

     

     

     

     

    Depreciation and amortization

     

    32

     

    32

     

    Marketing and Specialties EBITDA

    $

    10

     

    447

     

    Special Item Adjustments (pre-tax):

     

     

     

     

    Legal accrual

     

    605

     

    —

     

    Marketing and Specialties EBITDA, Adjusted for Special Items

    $

    615

     

    447

     

    Other Adjustments (pre-tax):

     

     

     

     

    Proportional share of selected equity affiliates income taxes

     

    7

     

    5

     

    Proportional share of selected equity affiliates net interest

     

    12

     

    11

     

    Proportional share of selected equity affiliates depreciation and amortization

     

    22

     

    21

     

    Marketing and Specialties Adjusted EBITDA

    $

    656

     

    484

     

    Renewable Fuels Loss before income taxes

    $

    (116

    )

    (55

    )

    Plus:

     

     

     

     

    Depreciation and amortization

     

    24

     

    12

     

    Renewable Fuels EBITDA

    $

    (92

    )

    (43

    )

    Special Item Adjustments (pre-tax):

     

     

     

     

    None

     

    —

     

    —

     

    Renewable Fuels EBITDA, Adjusted for Special Items

    $

    (92

    )

    (43

    )

    Corporate and Other Loss before income taxes

    $

    (327

    )

    (340

    )

    Plus:

     

     

     

     

    Net interest expense

     

    191

     

    200

     

    Depreciation and amortization

     

    24

     

    25

     

    Corporate and Other EBITDA

    $

    (112

    )

    (115

    )

    Special Item Adjustments (pre-tax):

     

     

     

     

    None

     

    —

     

    —

     

    Total Special Item Adjustments (pre-tax)

     

    —

     

    —

     

    Change in Fair Value of NOVONIX Investment

     

    —

     

    7

     

    Corporate EBITDA, Adjusted for Special Items and Change in Fair Value of NOVONIX Investment

    $

    (112

    )

    (108

    )

     

     

     

     

     

     

     

     

     

     

    Millions of Dollars

     

    Except as Indicated

     

    September 30, 2024

    Debt-to-Capital Ratio

     

    Total Debt

    $

    19,998

     

    Total Equity

     

    29,784

     

    Debt-to-Capital Ratio

     

    40

    %

    Total Cash

     

    1,637

     

    Net Debt-to-Capital Ratio

     

    38

    %

     

     

     

     

     

     

    Millions of Dollars

     

    September 30, 2024

    Reconciliation of Net Cash Used in Operating Activities to Operating Cash Flow, Excluding Working Capital

     

    Net Cash Used in Operating Activities

    $

    1,132

     

    Less: Net Working Capital Changes

     

    (381

    )

    Operating Cash Flow, Excluding Working Capital

    $

    1,513

     

     

     

     

    Millions of Dollars

     

    Except as Indicated

     

    2024

     

    3Q

     

    2Q

     

    Reconciliation of Refining Income (Loss) Before Income Taxes to Realized Refining Margins

     

     

     

     

    Income (loss) before income taxes

    $

    (108

    )

    302

     

    Plus:

     

     

     

     

    Taxes other than income taxes

     

    100

     

    74

     

    Depreciation, amortization and impairments

     

    230

     

    203

     

    Selling, general and administrative expenses

     

    60

     

    51

     

    Operating expenses

     

    922

     

    884

     

    Equity in earnings of affiliates

     

    12

     

    (33

    )

    Other segment expense, net

     

    (4

    )

    (1

    )

    Proportional share of refining gross margins contributed by equity affiliates

     

    193

     

    260

     

    Special items:

     

     

     

     

    None

     

    —

     

    —

     

    Realized refining margins

    $

    1,405

     

    1,740

     

    Total processed inputs ( thousands of barrels )

     

    145,440

     

    151,296

     

    Adjusted total processed inputs ( thousands of barrels )*

     

    168,951

     

    174,107

     

    Income (loss) before income taxes ( dollars per barrel )**

    $

    (0.74

    )

    2.00

     

    Realized refining margins ( dollars per barrel )***

    $

    8.31

     

    10.01

     

    *Adjusted total processed inputs include our proportional share of processed inputs of an equity affiliate.

     
     

    **Income before income taxes divided by total processed inputs.

    ***Realized refining margins per barrel, as presented, are calculated using the underlying realized refining margin amounts, in dollars, divided by adjusted total processed inputs, in barrels. As such, recalculated per barrel amounts using the rounded margins and barrels presented may differ from the presented per barrel amounts.

    Source: Phillips 66

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: AFCD reports to Expert Group on Conservation of Marine Mammals on progress of work and way forward

    Source: Hong Kong Government special administrative region

         The Expert Group on Conservation of Marine Mammals held its second meeting today (October 29). The Agriculture, Fisheries and Conservation Department (AFCD) reported to the Expert Group on the progress and way forward of the Government’s work on enhancing conservation of marine mammals, including exchanges with agencies with relevant experience, raising public awareness and knowledge of conservation of wildlife (including marine mammals), and review of legislation in relation to the protection of marine mammals.
          
         The specific progress and way forward points were as follows:
     
    (1) Exchange with agencies with relevant experience: The AFCD earlier sent staff to the Beibu Gulf Cetacean Research and Protection Center at Beihai, Guangxi, and Southern Marine Parks, Queensland, Australia, to exchange and learn from their experience in handling marine mammal stranding cases; legislation, management and research on the protection of cetaceans; as well as communication with the public, publicity and education, etc. The department has suitably applied the relevant experiences in their follow-up work such as the formulation of a response plan and legislative review, etc. To prepare for future operations involving field rescues, rehabilitation, and release of stranded whales and dolphins, the department plans to organise a visit to Sanya, Hainan, as there was  a recent successful release of an injured short-finned pilot whale following its rescue and rehabilitation during the period from January to May 2024;
     
    (2) Enhancing publicity and education: The AFCD has conducted a series of public education activities, targeting not only the general public, but also government departments, marine users, students and teachers, with a view to deepening their understanding of Hong Kong’s marine environment and wildlife, raising their awareness of respecting, caring for and appreciating marine resources, and promoting the best practices that minimise the disturbance to cetaceans and fostering a sense of shared stewardship on the protection of wild cetaceans and their habitats. Among others, the AFCD organised the Marine Wildlife Appreciation Festival from January to March 2024 to promote the message of marine conservation to the public.  The AFCD will also prepare to organise a Marine Wildlife Appreciation Roving Exhibition to display the preserved skeleton of Bryde’s whale found in Hong Kong waters in July last year to further raise public awareness on protection of marine mammals; and
     
    (3) Legislative review: The Government has commenced the review of the legislation in relation to the protection of marine mammals. The preliminary suggestions are for the Director of Agriculture, Fisheries and Conservation to be given new power to designate certain areas of Hong Kong waters as a “Temporary Marine Restricted Area” for the purpose of protecting cetaceans when necessary, such as the situation of a non-resident whale appearing in Hong Kong waters, conferring a legal status on the existing Code of Conduct for Dolphin Watching, and exploring the feasibility of a prohibition on watching non-resident cetaceans.
          
         During the meeting, the Expert Group supported the relevant recommendations and direction of work proposed by the AFCD. The AFCD expressed gratitude for the constructive advice offered by the Expert Group and will take into account the views and continue to work with the Expert Group, with a view to enhancing the work of marine mammal conservation.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Heritage Museum Buddhist artefacts exhibition displays 70 treasures including thangka paintings and gilt-bronze Buddhist statues (with photos)

    Source: Hong Kong Government special administrative region

    Heritage Museum Buddhist artefacts exhibition displays 70 treasures including thangka paintings and gilt-bronze Buddhist statues (with photos)
    Heritage Museum Buddhist artefacts exhibition displays 70 treasures including thangka paintings and gilt-bronze Buddhist statues (with photos)
    ******************************************************************************************

         The Hong Kong Heritage Museum (HKHM) will stage the exhibition “Buddhist Pilgrimage: Treasures from the Donation of The Tsui Art Foundation” starting tomorrow (October 30) by selecting 70 Buddhist treasures from the ancient Chinese artefacts collection donated by the late Dr Tsui Tsin-tong for display. Precious exhibits include thangka paintings, gilt-bronze Buddhist statues and rare artefacts such as ritual objects and scriptures. With a multimedia educational display zone, the exhibition, with free admission, aims to present the introduction of Buddhism to China, its influence from the historical, artistic and cultural perspectives, as well as its impact on cultural exchanges between China and other countries.           The opening ceremony of the exhibition was held today (October 29). Addressing the ceremony, the Acting Director of Leisure and Cultural Services, Miss Eve Tam, said that during the early stage of the development of the HKHM, Dr Tsui provided full support in establishing the T. T. Tsui Gallery of Chinese Art, where the precious artefacts he donated to the HKHM were on display. Having witnessed the dispersal of Chinese artefacts abroad, Dr Tsui determined to protect the treasures. Through years of dedicated study and acquisition, he gradually built an extensive thangka art collection. Dr Tsui’s passion for collecting Chinese artefacts transcends mere personal interest, embodying his significant contribution to the cause of Chinese national rejuvenation.           Other officiating guests included representatives of the Tsui Art Foundation Mr Tsui Ho-chuen and Ms Tsui Ching-ming; the Chairman of the History Sub-committee of the Museum Advisory Committee, Professor Joshua Mok; and the Museum Director of the HKHM, Mr Brian Lam.           The Tibetan Buddhist artefacts showcased in this exhibition are all acquired by Dr Tsui through his extensive travels and purchases since the 1970s, including 29 exquisite thangka paintings from the 17th to the 20th century, 18 gilt-bronze Buddhist statues and 23 rare ritual objects, scriptures and other items. Being an artistic form unique to Tibetan Buddhism, thangkas typically portray major Buddhist deities or respected religious patriarchs surrounded by a divine entourage on cotton or silk, to illustrate the stories of their lives or the realms over which they preside. The gilt-bronze Buddhist statues demonstrate the artisanship and the ingenuity of the metalworking craft, reflecting the mutual influence exerted by the cultures of the region throughout various periods.           Highlight exhibits include “Votive thangka of Padmasaṃbhava”, which is the largest thangka on display at this exhibition, measuring 254.5 centimetres high and 202cm wide. The content of this thangka is based on the “Pad-ma thang-yig” (Life of the Master Padmasaṃbhava), and describes the charitable and pious deeds performed during the life of a great religious master. Another thangka, “Amitābha”, portrays the main deity Amitābha in the centre and being surrounded by the Eight Great Bodhisattvas. The layout of the work is extremely detailed and powerful. The delicately painted “Eleven-faced Avalokiteśvara”, with vivid colours, depicts an Avalokiteśvara with eight hands. The first pair of hands is held together in front of the chest, holding a precious jewel. The three hands on the right hold crystal beads, the Wheel of the Law, and the lower hand is in the “abhaya mudrā”. On the left, the hands hold a lotus, a bow and arrows, as well as a kuṇḍikā. “Gilt-bronze figure of Bodhisattva Avalokiteśvara” wears a pair of big earrings, and his exposed chest is adorned with strings of jewellery inlaid with turquoise. In addition, an exquisitely decorated “Conch shell” and a hand written “Buddhist sutra” with illustrations are also on display.           The curatorial team of the HKHM specially designated a multimedia educational display zone, utilising presentation techniques and multimedia installations alongside the artefacts on display, with a view to deepening visitors’ understanding of the inclusiveness of Chinese culture and enhancing their interest in Chinese history and culture. The HKHM also commissioned designer Chiu Kwong-chiu and his team to produce an animation to interpret the pilgrimage to India of the great Buddhist master of the Tang dynasty, Xuanzang, and the contribution he made to cultural exchanges between China and the world. The multimedia installations manifest the influence of Buddhist culture in daily life in a lively way, such as pointing out the Buddhist origins behind everyday expressions, and briefly describing the content of the Heart Sutra and displaying the beauty of calligraphy.           For details of the exhibition, please visit hk.heritage.museum/en/web/hm/exhibitions/data/buddhist2024.html, or call 2180 8188 for enquiries.           The exhibition is one of the activities of the Chinese Culture Promotion Series. The Leisure and Cultural Services Department has long been promoting Chinese history and culture through organising an array of programmes and activities to enable the public to learn more about the broad and profound Chinese culture. For more information, please visit www.lcsd.gov.hk/en/ccpo/index.html.

     
    Ends/Tuesday, October 29, 2024Issued at HKT 19:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Mavenir Welcomes O-RAN ALLIANCE Report for Spectrum Aggregation in Multi-Vendor Deployments

    Source: GlobeNewswire (MIL-OSI)

    RICHARDSON, Texas, Oct. 29, 2024 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, today welcomes the publication of a new Technical Report by the O-RAN ALLIANCE, ‘Spectrum Aggregation for Multi-Vendor Deployments’, that evaluates multiple spectrum aggregation techniques and proposes an open interface specification support between DUs for carrier aggregation in multi-vendor deployments.

    The O-RAN ALLIANCE report – which was initiated and led by Mavenir – sets out the practical scenarios for spectrum aggregation across equipment from multiple network equipment vendors comparing different approaches and includes a recommendation for specification development for carrier aggregation in multi-vendor RAN deployment. The carrier aggregation solution using an open interface between DUs has gathered significant support from operators and vendors to pursue specification development within the O-RAN ALLIANCE.

    Commenting on the report, Dr. Sridhar Rajagopal, Senior Vice President, Access Technologies for Mavenir and rapporteur for the technical report, said: “This report from the O-RAN ALLIANCE, with its welcome set of recommendations on multi-vendor carrier aggregation, could not come at a more pivotal time for Open RAN as spectrum discussions continue for expanding 5G deployments and with 6G on the horizon. Standardizing the interface between DUs for multi-vendor carrier aggregation will remove single vendor stickiness and will be a game changer for Open RAN.”

    Carrier aggregation across available spectrum is one of the key considerations by operators to maximize bandwidth, boost throughput, and improve network performance. An operator obtains new spectrum during regulatory spectrum sale over time. In such a situation, there is a strong desire by the operator to combine the new spectrum with their existing spectrum using carrier aggregation.

    However, there is no open standardized interface that exists today for carrier aggregation between two vendors, creating vendor stickiness to operators for all future spectrum expansions. Thus, operators are forced to rely on their incumbents for spectrum expansion, losing negotiating power and control over network evolution while becoming dependent on features, performance and timelines as dictated by their incumbents. Proprietary interfaces for carrier aggregation have existed since LTE days for carrier aggregation in deployments and are well understood for implementations. While an open interface for carrier aggregation has been proposed multiple times in standard bodies such as 3GPP by many operators, it has not been successful due to resistance from traditional vendors. An open specification for multi-vendor carrier aggregation support will open-up the 5G eco-system further and provide a pathway for new low latency features and services for 6G by enabling real-time communication between DUs that does not exist today.

    Notes to the editor:

    Technical Report by the O-RAN ALLIANCE, ‘Spectrum Aggregation for Multi-Vendor Deployments’, is now available for download: https://specifications.o-ran.org/download?id=715

    About Mavenir

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    Media Contacts

    Mavenir PR Contacts:
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network –

  • MIL-OSI: Climb Channel Solutions Launches North American Partnership with Cybersecurity Vendor Fortra

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) — Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), announced a North American partnership with Fortra.

    Fortra provides trusted cybersecurity solutions that span every part of the cyber-attack chain, from detection to response. Through this partnership, Climb North American VARs and MSPs have access to Fortra’s entire portfolio, which includes solutions covering digital risk and email protection, managed file transfer, data protection, infrastructure protection, managed security services, security awareness training, and automation.

    “Fortra is on a mission to help as many organizations as possible increase their security maturity and decrease operational burden,” said Matt Reck, President at Fortra. “With their strong channel expertise and exceptional operational practices, we believe Climb is the perfect North American partner to help us on this journey.”         

    The Fortra platform will enable partners to unify their cybersecurity stack into one platform. With Fortra’s platform, users are able to:

    • Detect various attacks with a broad-spectrum defense and multi-vector approach
    • Aggregate data to analyze your IT environment
    • Utilize AI to track events and correlate patterns to threats, allowing for improved speed to detection
    • Mitigate detected threats more quickly and efficiently with accurate response

    “The addition of Fortra and their comprehensive portfolio of cybersecurity focused products enables North American partners to provide the security solutions that have a strong line of defense,” said Dale Foster, CEO of Climb Channel Solutions. “VARs and MSPs alike will benefit from Fortra’s integration capabilities that will help them consolidate their security stack.”

    Those interested in distribution services and solutions should contact Climb by phone at +1.800.847.7078 (US), or +1.888.523.7777 (Canada), or by email at Sales@ClimbCS.com.

    About Climb Channel Solutions and Climb Global Solutions

    Climb Channel Solutions is a global specialty technology distributor focusing on Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle. What sets Climb apart is our commitment to transform distribution by providing emerging and established IT technologies, flexible financing, real-time quoting, best of breed channel operations, speed to market, and exceptional service to our partners worldwide. Climb Channel Solutions is a wholly owned subsidiary of Climb Global Solutions (NASDAQ: CLMB). Experience the Climb difference and learn how our people-first approach empowers VARs and MSPs to grow, scale, and accelerate their business. Visit www.ClimbCS.com, call 1-800-847-7078, and connect with us on LinkedIn!

    For Media & PR inquiries contact:
    Climb Channel Solutions
    Media Relations
    media@ClimbCS.com

    Investor Relations Contact:
    Elevate IR
    Sean Mansouri, CFA
    T: 720-330-2829
    CLMB@elevate-ir.com

    About Fortra  
    Fortra is a cybersecurity company like no other. We’re creating a simpler, stronger future for our customers. Our trusted experts and portfolio of integrated, scalable solutions bring balance and control to organizations around the world. We’re the positive changemakers and your relentless ally to provide peace of mind through every step of your cybersecurity journey. Learn more about Fortra.  

    Copyright © Fortra, LLC and its group of companies. Fortra™, the Fortra™ logos, and other identified marks are proprietary trademarks of Fortra, LLC.   

    Media Contact:  
    Jessica Ryan    
    Public Relations Manager  
    Jessica.Ryan@fortra.com

    The MIL Network –

  • MIL-OSI: Captivision Announces Venture at Dream Hollywood Hotel

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and SEOUL, Korea, Oct. 29, 2024 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (Nasdaq: CAPT), a pioneer manufacturer of architectural media glass and innovative LED solution provider, today announced its first collaboration with the Dream Hollywood hotel in Los Angeles. Crescent Hotels & Resorts, a leading hotel management company, manages Dream Hollywood. The property is part of Hyatt’s global portfolio of hotels, under the Dream Hotels brand.

    The collaboration catalyzes Captivision’s expansion into digital out-of-home (“OOH”) in a high-profile Los Angeles location with extraordinary partners. Unlike traditional LED signage, Captivision is creating a uniquely transparent and vibrant digital display, generating a new recurring revenue stream for the Company and its partners. This groundbreaking venture is emblematic of Captivision’s broadening business model as a trusted solution provider featuring highly innovative and transformational technology. The Dream Hollywood display is expected to generate in excess of three million social media impressions annually. Playing a pivotal role in the creation and operation of the OOH digital media at the Dream Hollywood, California-based company, Integrated Market Optimization, Inc. and Smart City Labs, have partnered with Captivision to bring their expertise and industry-leading solutions to this high-profile project.

    “Joining forces with Dream Hollywood is a pivotal venture for our company in multiple respects,” said Gary Garrabrant, Chairman and CEO of Captivision. “Captivision is quickly becoming a solution provider across the LED product spectrum generating entirely new revenue streams with valued partners and clients. We believe this collaboration will kickstart an exciting new chapter of growth for Captivision in the United States and globally.”

    Dream Hollywood (Façade Render)

    Captivision’s transparent and non-transparent LED media solutions provide a versatile and dynamic platform showcasing high-resolution content without compromising architectural integrity and user experience. This seminal venture combines cutting-edge physical and streaming technology to generate social media driven advertising revenue, the first of what promises to be many meaningful applications with recognized and valued partners and clients.

    About Captivision
    Captivision is a pioneering manufacturer of media glass, combining IT building materials with architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability. Captivision is fast becoming a solution provider across the LED product spectrum.

    Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties, and airports. Learn more at http://www.captivision.com.

    About Crescent Hotels & Resorts
    Crescent Hotels & Resorts is an award-winning, nationally recognized, operator of hotels and resorts with over 120 properties in the United States and Canada. Crescent is one of the few elite management companies approved to operate upper-upscale and luxury hotels under the brand families of Marriott, Hilton, and Hyatt. Crescent also works a collection of independent and lifestyle properties under the Latitudes Collection umbrella. These properties include PGA National Resort, The Opus Westchester, Autograph Collection, and NOPSI Hotel New Orleans. Powered by innovative, forward thinking experts, Latitudes is a modern management platform for lifestyle hotels and resorts where creative concepts connect with modern travelers from urban boutique hotels to oceanside resorts.

    Crescent’s clients include premiere REITs, private equity firms and major developers. For more information, please visit www.crescenthotels.com and www.latitudesbycrescent.com or connect with Crescent on LinkedIn.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

    The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”

    These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

    Media Contact:
    Dukas Linden Public Relations
    +1 212.704.7385
    captivision@dlpr.com

    Investor Contact:
    Gateway Group
    Ralf Esper
    +1 949.574.3860
    CAPT@gateway-grp.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4835d4a9-4083-475d-996e-b09ab5decf06

    The MIL Network –

  • MIL-OSI: Amplify ETFs Launches Targeted 12% Annual Option Premium Fixed Income ETF: Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 29, 2024 (GLOBE NEWSWIRE) — Amplify ETFs announces the launch of the Amplify Bloomberg U.S. Treasury Target High Income ETF (CBOE: TLTP). TLTP allows investors to tap into the stability of U.S. Treasuries while seeking to generate high, consistent levels of income through a dynamic rules-based covered call* option strategy.

    TLTP seeks to track the performance (before fees and expenses) of the Bloomberg U.S. Treasury 20+ Year 12% Premium Covered Call 2.0 Index, which is designed to provide a targeted annualized option premium income of 12% through writing weekly covered call options. This approach seeks to generate higher levels of income from targeted 12% option premium income as well as the underlying U.S. Treasuries. The Fund has a monthly distribution frequency.

    “Investors are increasingly seeking diversified income streams and portfolio stability,” said Christian Magoon, CEO of Amplify ETFs. “TLTP’s innovative use of a weekly covered call strategy in fixed income offers a multi-use solution for consistent high-income potential and a defensive position, making it a compelling option for a range of portfolio strategies.”

    The portfolio management team from Samsung Asset Management in New York brings extensive experience in managing U.S. Treasury and options strategies.

    “TLTP offers an effective way for investors to access a fixed income covered call strategy from U.S. Treasuries through a single ticker,” said Yunjae Hwang, lead portfolio manager of TLTP. “We’re excited to bring this solution to the market, especially for those looking for a more diversified and resilient approach to their portfolios.”

    TLTP is Amplify ETFs’ second ETF with its strategic partner Samsung Asset Management.

    For more information about the Amplify Bloomberg U.S. Treasury Target High Income ETF, visit AmplifyETFs.com/TLTP.

    About Amplify ETFs
    Amplify ETFs, sponsored by Amplify Investments, offers a diverse suite of income, growth, and risk-managed ETFs, with over $10 billion in assets under management (as of 10/21/2024). For more information, visit AmplifyETFs.com.

    Sales Contact:
    Amplify ETFs
    855-267-3837
    info@amplifyetfs.com    		 Media Contacts:
    Gregory FCA for Amplify ETFs
    Kerry Davis
    610-228-2098
    amplifyetfs@gregoryfca.com
       

    *A covered call refers to a financial transaction in which the investor selling call options owns an equivalent amount of the underlying security.

    Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectus carefully before investing.

    Investing involves risk, including the possible loss of principal. You could lose money by investing in the Fund. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. There can be no assurance that the Fund’s investment objectives will be achieved. Interest Rate Risk is the risk when interest rates rise, there is a corresponding decline in bond values. Conversely, very low or negative interest rates may magnify interest rate risk. The Fund is subject to the risks associated with the Underlying Funds specifically U.S. Treasury Securities Risk. The Fund bears its proportionate share of the Underlying ETF’s expenses.

    The Fund is non-diversified and can invest a greater portion of its assets in individual securities than a diversified fund; changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. Covered call risk is the risk that the Fund will forgo, during the option’s life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but has retained the risk of loss should the price of the underlying security decline. The Fund will also utilize FLEX Options and is subject to the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. The Fund currently expects to make distributions on a regular basis, a portion of which may be considered return of capital.

    Amplify Investments LLC is the Investment Adviser to the Fund, and Samsung Asset Management (New York), Inc. serves as the Investment Sub-Adviser.

    Amplify ETFs are distributed by Foreside Fund Services, LLC.

    The MIL Network –

  • MIL-OSI: Bitfarms Nominates Andrew J. Chang for Election to the Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario and BROSSARD, Québec, Oct. 29, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a global leader in vertically integrated Bitcoin data center operations, today announced that it has nominated Andrew J. Chang for election to its Board of Directors (the “Board”) at the Special Meeting of shareholders to be held on November 20, 2024 at 4:00p.m. Eastern Time (the “Special Meeting”).

    Bitfarms Special Meeting of Shareholders
    Pursuant to the Settlement Agreement between the Company and Riot Platforms, Inc. dated September 23, 2024, at the Special Meeting, shareholders will be asked to approve an expansion of the Board from five members to six members, to elect an independent director nominated by the Board to serve as the sixth member of the Board, to ratify the Company’s shareholder rights plan adopted on July 24, 2024, and to conduct such other business as may properly come before the Special Meeting.

    Shareholders and guests can access the virtual meeting using this link. Additional information regarding the Special Meeting, including how to vote, is available via the proxy materials disseminated to shareholders by Bitfarms and as filed on SEDAR+ at http://www.sedarplus.ca and on EDGAR at http://www.sec.gov/EDGAR.

    Nomination of Andrew J. Chang to Bitfarms Board of Directors
    Bitfarms’ Governance and Nominating Committee conducted a thorough director search process and held interviews with several qualified candidates, and, along with the Board, unanimously supports the nomination of Andrew J. Chang for election at the Special Meeting.

    Mr. Chang is a 20-year veteran of the technology industry with experience as an investor, operating executive, entrepreneur, and advisor. He was a founding partner of Liberty City Ventures, a leading venture capital fund. Mr. Chang also served as Chief Operating Officer of Paxos, a blockchain infrastructure platform that has powered solutions for PayPal, Stripe, and more. At Paxos, he helped grow the team from 8 to 190 employees and launched the first regulated blockchain focused trust company and the first regulated stablecoin in the U.S. During that time, Paxos raised $500M in capital and its most recent valuation is $2.4 billion.

    Before joining Paxos, Andrew served as a Lead Strategic Partner Development Manager at Google, working in business development for display ad products. Prior to that, he was the Chief Operating Officer of ConditionOne and an associate at TechStars (New York). He also has experience managing innovation in research, analytics and digital media at WPP PLC-owned Kantar Video and at 360i, a digital marketing agency. 

    Andrew earned his MBA from New York University’s Leonard N. Stern School of Business, where he was President of the student body, and a BS from Boston College.

    Brian Howlett, Independent Chairman of the Board, said, “The Bitfarms Board is committed to strong corporate governance and recognizes that a diverse set of skills is required to effectively oversee the execution of the Company’s strategic initiatives. Andrew is an impressive technology industry veteran whose experience and knowledge is highly complementary to that of our current Board. We believe he will be instrumental as we execute our aggressive growth plan, and we look forward to leveraging his expertise to maximize value for Bitfarms shareholders.”

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated data centers with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 12 operating Bitcoin data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding holding the Special Meeting and the timing thereof, and the matters to be put before the Company’s shareholders at the Special Meeting are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; and the power purchase agreements and economics thereof may not be as advantageous as expected. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the MD&A for the year-ended December 31, 2023, filed on March 7, 2024 and the MD&A for the three and six months ended June 30, 2024 filed on August 8, 2024. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms undertakes no obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact:

    Québec: Tact
    Louis-Martin Leclerc
    +1 418-693-2425
    lmleclerc@tactconseil.ca

    The MIL Network –

  • MIL-OSI: Beneficient to Present at the LD Micro Main Event XVII on October 30 in Los Angeles

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 29, 2024 (GLOBE NEWSWIRE) — Beneficient (Nasdaq: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company, today announced that it will be presenting at the LD Micro Main Event XVII investor conference to be held October 28-30, 2024 in Los Angeles. As part of the conference, the Company will conduct a group presentation at 12:30 pm Pacific Time on Wednesday, October 30, 2024. To join the presentation online, please visit the webcast link available at  https://shareholders.trustben.com/.

    Additionally, Beneficient will host investor meetings throughout the day on Wednesday, October 30, 2024.

    Investors attending the conference in person may request meetings with Beneficient through LD Micro’s meeting portal or Beneficient’s IR contact, mkreps@darrowir.com. Qualified investors who would like to attend the conference should contact registration@ldmicro.com.

    About Beneficient
    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

    For more information, visit www.trustben.com or follow us on LinkedIn.

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    The MIL Network –