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  • MIL-OSI: Franklin Access Announces Updates to JEXtream MDM Platform

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Franklin Access unveils significant enhancements to its JEXtream Mobile Device Management (MDM) platform, reinforcing its commitment to providing versatile solutions for enterprise clients and educational institutions.

    Key Updates

    1.  Internet Suspension Feature

    a.  Enables efficient management of internet functionality across individual or multiple devices
    b.  Particularly valuable for corporate clients managing large device fleets

    2.  Single Sign-On (SSO) Integration

    a.  Streamlines access for existing JEXtream customers
    b.  Users can now access additional MDM features directly with their JEXtream login credentials

    3.  Enhanced User Interface

    a.  Improved Device Detail screen for clearer information display
    b.  Advanced Filter and Column selection options for easier customization
    c.  Upgraded Group Assignment feature for more efficient device management

    4. New Dashboard for individual accounts, offering quick insights at a glance

    OC Kim, CEO of Franklin Access, states, “These enhancements to JEXtream MDM demonstrate our commitment to evolving our platform to meet diverse needs. We’re providing our clients with advanced tools for efficient and secure device management in today’s dynamic digital landscape whether it be for enterprise or educational purposes.”

    JEXtream MDM is designed to cater to the distinct needs of various sectors, offering a unified solution with flexible branding to address specific market requirements. This update underscores Franklin Access’s position as a versatile provider of cloud-based MDM solutions, capable of meeting the demands of modern organizations across different industries.

    For more information about JEXtream MDM and its latest features, please visit https://www.jextream.net/mdm

    About Franklin Access
    Franklin Access (FKWL) specializes in integrated solutions, leveraging 4G LTE and 5G technologies. From mobile device management to network management solutions, we design connectivity solutions for the digital age. You will be able to explore more at https://franklinaccess.com/

    For media inquiries, please contact: marketing@franklinaccess.com

    Safe Harbor Statement

    Certain statements in this press release constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Actual results may differ materially from those expressed or implied due to various factors.

    The MIL Network

  • MIL-OSI: Coalesce and Fivetran Announce Integration for Real-Time Data Transformation

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Coalesce, the data transformation company, today announced a new technology integration with Fivetran, the global leader in data movement, that enables organizations to prepare and transform raw data as soon as it is ingested into their cloud data platform. This collaboration builds on Fivetran’s industry-leading real-time data movement and replication capabilities by integrating Coalesce’s advanced transformation workflows, creating a more seamless and synchronized ELT process that accelerates data preparation and insight generation.

    “Many organizations spend too much time and resources on ensuring that the platforms and tools that make up their modern data stack work together seamlessly,” said Armon Petrossian, CEO and co-founder of Coalesce. “Our new integration with Fivetran removes the need for manual orchestration of data pipelines and ultimately enables organizations to go from raw data to insights more quickly and efficiently. Fivetran has been an important partner in the data ingestion space since the early days of Coalesce and we are thrilled to further strengthen our alliance and align our shared mission of equipping customers with automated, best-in-class solutions that enable them to scale and quickly extract value from their data.”

    This integration allows customers to optimize and schedule data transformation jobs in alignment with Fivetran syncs, ensuring a more cohesive and automated data pipeline from ingestion to insight. This provides a seamless experience for customers who previously had to enlist additional tools or processes to complete the run.

    “Collaborating with Coalesce advances our mission to make data access as seamless and reliable as electricity,” said Taylor Brown, Co-founder and COO at Fivetran. “By automating data movement and transformation, we’re empowering teams to focus on extracting value from their data instead of managing pipelines. This offering eliminates inefficiencies and drives organizations towards a future where real-time insights are the standard.”

    Benefits for Coalesce and Fivetran customers include:

    • Accelerated, real-time insights
    • Optimized compute and platform costs
    • Enhanced data team productivity

    “We were able to quickly synchronize our Coalesce data pipeline runs with Fivetran syncs through Fivetran’s Coalesce integration,” said Wojciech Dadak, Director of Data Engineering at FCP Euro. “The integration unlocked a workflow that is significantly easier to maintain by offloading the scheduling of Coalesce pipelines onto Fivetran, and made near real-time reporting to business stakeholders for actionable insights significantly simpler for us!”

    To learn more about Coalesce or connect about partnership with the company, please visit: https://coalesce.io/partners/

    Resources

    About Coalesce
    Coalesce revolutionizes data transformations to accelerate the delivery of data projects. Recognizing data transformation’s critical role in the analytics lifecycle, we’ve created an inclusive developer platform that automates most SQL coding without sacrificing flexibility. Our platform boosts data team efficiency tenfold, allowing faster data pipeline development while empowering organizations to concentrate on extracting maximum value from their data. Discover more at Coalesce.io.

    The MIL Network

  • MIL-OSI: MoneyHero Appoints Distinguished Global Executive Wallace Pai to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Mr. Pai brings deep and diverse senior executive experience to MoneyHero, having spent his career with notable multinational companies including Imagination Technologies, Pixelworks, SMIC, GlobalFoundries, Synaptics, Samsung, Google (Motorola Mobility), Cadence, and McKinsey & Company

    MoneyHero’s Chairman Kenneth Chan to be replaced on Audit Committee by Mr. Pai; Committee now made-up entirely of Independent Non-Executive Directors

    SINGAPORE, Oct. 24, 2024 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced that Wallace Pai has been named to the Company’s Board of Directors, effective immediately. In connection with his appointment, Mr. Pai has also replaced MoneyHero’s Chairman, Kenneth Chan, on the Company’s Audit Committee, ensuring the Committee is comprised entirely of Independent Non-Executive Directors.

    Mr. Pai is a seasoned global executive with deep experience across the technology and semiconductor industries. He currently serves as President of Asia Pacific and Chairman of China with Imagination Technologies, where he oversees the group’s regional strategy, revenue, and growth. Previously, Mr. Pai served as COO of Pixelworks, SVP of the Advanced Technology Business at SMIC, and VP/General Manager of Asia Pacific at GlobalFoundries. Earlier in his career, Mr. Pai also held executive roles with Synaptics, Samsung, Google (Motorola Mobility), Qualcomm Technologies, Cadence, and McKinsey & Company. Mr. Pai graduated with a Master of Science from the University of Michigan and a Master of Business Administration from Harvard Business School.

    “Mr. Pai represents a significant addition to our Board of Directors and corporate governance,” said Rohith Murthy, CEO of MoneyHero. “His leadership in the technology sector, as well as a proven track record of success running large-scale enterprises in the Asia Pacific region, will bring immense value to our operations and growth strategy. Mr. Pai has contributed to the vision and oversight of many notable multinational companies throughout his illustrious career, and we are thrilled to have him on board. Moreover, this marks the second major Board appointment that we have achieved this year, which is critical to our future and a testament to the reputation and stature of the MoneyHero Brand.”

    The appointment of Mr. Pai follows the addition of accomplished legal and finance executive Steve Teichman to the Company’s Board, which was announced in June. Importantly, both Mr. Pai and Mr. Teichman bring the unique combination of having experience with U.S. capital markets and leading businesses in Asia Pacific.

    “I am honored to join MoneyHero’s Board and excited to bring new ideas and resources to this winning organization,” said Mr. Pai. “I have been following the MoneyHero story for a while, even before the Company went public last year, and I have been impressed by the strategy and fundamentals of the business, as well as their clear leadership-positioning in the marketplace, which will enable them to continue innovating and outpacing its peers. MoneyHero is absolutely forwarding the fintech industry in Greater Southeast Asia, and I am very much looking forward to being a part of it.”

    For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com.

    About MoneyHero Group
    MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving Greater Southeast Asia’s digital economy, please visit www.MoneyHeroGroup.com.

    Investors Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    Gaffney Bennett PR
    MoneyHero@gbpr.com

    The MIL Network

  • MIL-OSI: 180 Degree Capital Corp. Notes Preliminary Net Asset Value Per Share of $4.40 as of September 30, 2024, and Expects to Report Full Third Quarter Financial Results and Host a Conference Call During the Week of November 11, 2024

    Source: GlobeNewswire (MIL-OSI)

    MONTCLAIR, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) noted today that it expects to report a net asset value per share (NAV) of $4.40 as of September 30, 2024. It plans to report and discuss its full results from Q3 2024 and updates from Q4 2024 on a conference call that it plans to schedule for a day during the week of November 11, 2024.

    “While we look forward to issuing our full results for Q3 2024 in a few weeks, we thought it was important to provide a preliminary view to our NAV as of the end of Q3 2024,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “Our view is that 180 Degree Capital’s current share price does not reflect the value we believe we have based on our current NAV, nor any relevance to what we believe to be our long-term growth prospects. It is for this reason we have also increased our activism and involvement with our portfolio companies to help drive value creation for all stakeholders. This process and value creation does not happen overnight, and our stepped-up activism within these holdings began in earnest less than a year ago. We continue to believe these efforts will lead to material increases in 180 Degree Capital’s NAV in the ensuing quarters and years.”

    “To be clear, we are not pleased with the performance of 180 Degree Capital’s stock,” added Daniel B. Wolfe, President of 180 Degree Capital. “We are laser focused on taking steps that we believe will lead to creation of value for shareholders. While our activism in certain holdings can lead to restrictions on trading, it allows us to work with management teams to drive outcomes. As Kevin said, these outcomes do not happen overnight. To investors without such access to information, it can look like management teams and boards are not taking such issues seriously, nor driving for value creation with any sense of urgency. We can confidently state these perceptions are misplaced and incorrect, both here at 180 Degree Capital and at our portfolio companies where we are working constructively with management and boards of directors. At 180 Degree Capital, we are driving such value creation through growth of net assets, our previously announced Discount Management Program, and/or through other strategic efforts. We look forward to providing further updates on these efforts as we are able to do so.”

    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Mo Shafroth
    RF Binder
    Morrison.shafroth@rfbinder.com

    Forward-Looking Statements

    This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company’s current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company’s securities filings filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company’s business and other significant factors that could affect the Company’s actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference and link to the website www.180degreecapital.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. 180 is not responsible for the contents of third-party websites.

    The MIL Network

  • MIL-OSI: Marex Group plc Announces Pricing of the Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) — Marex Group plc (“Marex”) (Nasdaq: MRX), the diversified global financial services platform, today announces the pricing of the public offering (the “Offering”) of 8,472,333 ordinary shares by certain selling shareholders (the “Selling Shareholders”) at $24.00 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,270,849 ordinary shares.

    Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from any sale of shares by the Selling Shareholders. The Offering is expected to close on October 25, 2024, subject to customary closing conditions.

    Barclays, Goldman Sachs & Co. LLC, Jefferies and Keefe, Bruyette & Woods, a Stifel Company, are acting as joint lead book-running managers and as representatives of the underwriters for the proposed Offering. Citigroup, UBS Investment Bank, Piper Sandler & Co. and Berenberg are acting as bookrunners for the Offering. Drexel Hamilton and Loop Capital Markets are acting as co-managers for the Offering.

    The proposed Offering is being made only by means of a prospectus. Copies of the prospectus relating to the proposed Offering may be obtained from:

    • Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at barclaysprospectus@broadridge.com;
    • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com;
    • Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com; or
    • Keefe, Bruyette & Woods Inc., 787 Seventh Avenue, Fourth Floor, New York, NY 10019, attention: Equity Capital Markets, or by calling toll free at (800) 966-1559 or emailing USCapitalMarkets@kbw.com.

    A registration statement on Form F-1 relating to the Offering has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission (the “SEC”).This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including the expected closing date of the Offering. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation: subdued commodity market activity or pricing levels; the effects of geopolitical events, terrorism and wars, such as the effect of Russia’s military action in Ukraine, on market volatility, global macroeconomic conditions and commodity prices; changes in interest rate levels; the risk of our clients and their related financial institutions defaulting on their obligations to us; regulatory, reputational and financial risks as a result of our international operations; software or systems failure, loss or disruption of data or data security failures; an inability to adequately hedge our positions and limitations on our ability to modify contracts and the contractual protections that may be available to us in OTC derivatives transactions; market volatility, reputational risk and regulatory uncertainty related to commodity markets, equities, fixed income, foreign exchange and cryptocurrency; the impact of climate change and the transition to a lower carbon economy on supply chains and the size of the market for certain of our energy products; the impact of changes in judgments, estimates and assumptions made by management in the application of our accounting policies on our reported financial condition and results of operations; lack of sufficient financial liquidity; if we fail to comply with applicable law and regulation, we may be subject to enforcement or other action, forced to cease providing certain services or obliged to change the scope or nature of our operations; significant costs, including adverse impacts on our business, financial condition and results of operations, and expenses associated with compliance with relevant regulations; and if we fail to remediate the material weaknesses we identified in our internal control over financial reporting or prevent material weaknesses in the future, the accuracy and timing of our financial statements may be impacted, which could result in material misstatements in our financial statements or failure to meet our reporting obligations and subject us to potential delisting, regulatory investments or civil or criminal sanctions, and other risks discussed under the caption “Risk Factors” in our Registration Statement filed on Form F-1 with the SEC on October 21, 2024 and our other reports filed with the SEC.

    The forward-looking statements made in this release relate only to events or information as of the date on which the statements are made in this release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network

  • MIL-OSI: Starbox Powers 180 Degrees Brandcom with StarboxAI Pro Series, an AI-Driven Expansion into Image, Video, and Live Streaming Content

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) — Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, advertising, and payment solutions, is excited to announce that it has started to support 180 Degrees Brandcom Sdn Bhd (“180”) with its StarboxAI Pro Series software for 180’s branding and advertising business. 180, an indirect subsidiary that is 51% owned by Starbox, is a 4A advertising agency incorporated in 2013 that offers digital marketing, advertising consulting and design services. 180 has maintained long-term relationships, with more than 20% of its existing clients for over 15 years. To enhance service quality, 180 anticipates improving brand engagement by using StarboxAI Pro Series, which provides artificial intelligence (“AI”) powered solutions for image creation, video production, and live streaming alongside data-driven marketing strategies.

    Equipped with StarboxAI Pro Series, 180 is expected to have the following new capabilities:

    • AI-powered Image Creation: Generation of campaign-specific image tailored to brand identity.
    • AI-powered Video Production: Fast, automated creation of short videos for product promotion and social media.
    • AI-powered Live Streaming: Real-time engagement with interactive features such as Q&A, purchase guidance, and dynamic content streaming.

    These AI-driven tools are expected to enable 180 to generate creative output, offer personalized campaigns, and provide real-time insights to optimize performance.

    “Through StarboxAI Pro Series, 180 will be able to join data with creativity to quickly produce engaging campaigns. Since its incorporation, 180 has been pursuing excellence in branding and advertising, serving a diverse portfolio of clients. The adoption of StarboxAI Pro Series reinforces 180’s commitment to deliver outstanding brand experiences through image, video, and live streaming solutions. With this adoption, 180 expects to continue to improve brand engagement in a competitive digital landscape,” said Lee Choon Wooi, Chief Executive Officer and Chairman of the Board of Directors of Starbox.  

    About Starbox Group Holdings Ltd

    Headquartered in Malaysia, Starbox is a technology-driven, rapidly growing company with innovation as its focus. Starbox is aiming to be a comprehensive technology solutions provider within Southeast Asia and also engages in building a cash rebate, advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company’s website: https://ir.starboxholdings.com and WeChat Channels: StarboxTechnologies.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

    For more information, please contact:

    Starbox Group Holdings Ltd.
    Investor Relations Department
    Email: ir@starboxholdings.com

    Ascent Investor Relations LLC
    Tina Xiao
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/120adab1-f25c-42b0-9b96-4c1534dd2408

    The MIL Network

  • MIL-OSI: Nokia named Leader in GlobalData’s Small Cell Competitive Landscape Assessment 2024 report

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia named Leader in GlobalData’s Small Cell Competitive Landscape Assessment 2024 report

    • Nokia’s award-winning small cell portfolio recognized as overall Leader in residential and outdoor categories beating competition

    24 October 2024
    Espoo, Finland – Nokia has been named Leader in GlobalData’s Small Cells: Competitive Landscape Assessment September 2024 report. The in-depth report judged all leading small cell providers and positioned Nokia as overall Leader in the Residential and Outdoor categories. In particular, Nokia was commended for being the only vendor to offer an ‘All-in-One’ 5G solution for both outdoor and residential use cases available to the global market. GlobalData is a globally recognized data analytics and consulting organization.

    GlobalData commented that: “Nokia’s outdoor small-cell portfolio offers the lightest, smallest 5G products on the market and support for a wider range of spectrum bands than nearly every other vendor. The portfolio is also distinguished by containing the only all-in-one 5G small cell supporting sub-6 GHz spectrum that is not a CBRS product – a product, branded Kolibri, that is also as compact as any outdoor small cell radio on the market. And its Shikra Outdoor Residential Enterprise.”

    GlobalData defines small cells as ‘mobile base stations that operate under lower power and with a smaller coverage range than traditional base stations. This category includes what have traditionally been called femtocells and picocells, which improve mobile coverage and capacity inside homes and businesses, respectively.’

    Nokia has the widest range of small solutions that address all deployment requirements and offer seamless coverage, capacity and performance in dense urban areas and indoor venues with minimal infrastructure, enabling flexible and scalable deployments. Its advanced indoor radio solutions and compact, plug-and-play small cells enhance in-building coverage and capacity, such as in offices, malls and enterprises. They also support mmWave bands with high bandwidth and data rates for demanding 5G applications like VR, AR and gaming as well as smart cities and IoT applications.

    Mark Atkinson, Head of RAN at Nokia, said: “We are proud to be named Leader in GlobalData’s small cells competitive landscape assessment report. It’s recognition of the steps we have taken to make our portfolio best-in-class for our customers. All of our solutions benefit from having the latest ReefShark chipsets and support all frequency ranges for premium coverage and capacity both indoors and outdoors.”

    Resource and additional information
    Webpage: Nokia Small Cells
    Full Report: GlobalData Report

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network

  • MIL-OSI: Foresight Financial Group to Become Region’s Largest Locally Headquartered Bank

    Source: GlobeNewswire (MIL-OSI)

    WINNEBAGO, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) — Foresight Financial Group today announced that, in partnership with each of its six bank brands including German American State Bank, State Bank of Herscher, Lena State Bank, State Bank of Davis, Northwest Bank, and State Bank, that it will be consolidating its six bank charters into one, making it the region’s largest locally headquartered and operated bank in Winnebago County, while maintaining its market share dominance in Stephenson County. Each of the six charters will retain their unique market brand names post consolidation.

    This is the next step in the organization’s ongoing work to enhance operational efficiencies across the Foresight family, streamlining processes, eliminating duplication, and standardizing best practices to deliver enhanced value to the customers and communities it serves. In addition, customers will benefit from a significant increase in lending limits for borrowers, increased depth in staffing resources, and an even greater access to cutting edge treasury management, commercial, and agricultural lending services and professionals. This move makes Foresight Financial Group the region’s largest locally headquartered and locally managed bank with assets in excess of $1.6 billion as of September 30, 2024. All six brands and their customers will benefit from the collective capabilities of Foresight while maintaining their local approach to service.

    “By streamlining our processes through charter consolidation, we’ll be able to bring offerings to our markets more quickly and reinvest in the products, technologies, and services that best meet the needs of our customers,” said Peter Morrison, CEO of Foresight Financial Group. “As a locally headquartered and managed bank, decisions will still be made by those bankers that have been in our communities for years and who possess the firsthand knowledge of local market conditions that is so vital to customer success.”

    “We’ve been focused on creating operational efficiencies across the Foresight family and have already realized significant benefits for our banks and customers,” said Jeff Hultman, President of Foresight Financial Group. “The charter consolidation is the next step in that process, which will reduce workloads on the individual banks, allowing them to focus on the personal connections in their local communities that are central to their success.”

    Each of the Foresight Bank brands will maintain their local identities and staff. Our goal is to retain our current talent while making minimal adjustments to positions to fully align all six charters into one; customers will continue to work with the people they know and trust. Each bank will continue to meet the needs of its community and customers with the added benefit of the standards, procedures, policies, and best practices from across the Foresight family.

    The charter consolidation will begin in late 2024 and the operational consolidation of the charters will be complete in 2025.

    About Foresight Financial

    Foresight Financial is a multi-bank holding company located in Northern Illinois, Its subsidiary community banks include Northwest Bank of Rockford, State Bank in Freeport, State Bank of Davis, German-American State Bank, German Valley, Lena State Bank, and the State Bank of Herscher. Foresight’s common stock is listed on the “OTCQX” market under the trading symbol FGFH.

    Forward-Looking Statements

    When used in this communication, the words “believes,” “expects,” “likely”, “would”, and similar expressions are intended to identify forward-looking statements. The Company’s actual results may differ materially from those described in the forward-looking statements. Factors which could cause such a variance to occur include, but are not limited to: heightened competition; adverse state and federal regulation; failure to obtain new or retain existing customers; ability to attract and retain key executives and personnel; changes in interest rates; unanticipated changes in industry trends; unanticipated changes in credit quality and risk factors, including general economic conditions particularly in the Company’s markets; potential deterioration in real estate values, success in gaining regulatory approvals when required; changes in the Federal Reserve Board monetary policies; unexpected outcomes of new and existing litigation in which the Company or its subsidiaries, officers, directors or employees is named defendants; technological changes; changes in accounting principles generally accepted in the United States; changes in assumptions or conditions affecting the application of “critical accounting policies”; inability to recover previously recorded losses as anticipated, and the inability of third party vendors to perform critical services for the Company or its customers. The inclusion of forward-looking information should not be construed as a representation by the Company or any person that future events or plans contemplated by the Company will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information or otherwise.

    FOR INFORMATION CONTACT:                      Peter Q. Morrison
    CEO
    815-847-7500
          Todd J. James
    CFO
    815-847-7500
             

    The MIL Network

  • MIL-OSI: Middlefield Sustainable Global Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Sustainable Global Dividend ETF (TSX: MDIV) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Sustainable Global Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.06
    November 30, 2024 December13, 2024 $0.06
    December 31, 2024 January 15, 2025 $0.06
         

    The trust units trade on the Toronto Stock Exchange under the symbol MDIV.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI: The Victory Bancorp, Inc., Announces 2024 Third Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) — The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, announced unaudited results for the quarter ended September 30, 2024.

    Joseph W. Major, Bank Leader and Chief Executive Officer, stated, “Our third quarter results reflect consistent growth and improved earnings. Our commitment to providing top-notch banking services is central to our strategy which we implement by hiring skilled and dedicated bankers who offer trusted advice and exceptional personal service to our clients. Our focus is on maintaining disciplined pricing and credit underwriting practices as we expand the Bank. This diligence not only strengthens our institution but also benefits the communities we serve.”

    As of September 30, 2024, deposits rose to $398.2 million, up from $358.2 million a year earlier—a 10.8% increase. Net loans increased by 12.7%, reaching $395.2 million, compared to $351.9 million on the same date last year. Total assets grew by $49.1 million to $467.9 million, marking an 11.9% increase over the past year. Overall credit quality remained strong, with very low levels of non-performing and non-accrual loans. Because of these excellent credit metrics, third quarter provision for loan losses decreased to $71 thousand, down from $75 thousand in the 3rd quarter of 2023. Notably, non-performing assets fell significantly from $2.2 million at the end of 2023 to $209 thousand as of September 30, 2024.

    Third Quarter 2024 Highlights compared to Third Quarter 2023

    • Net Loans increased 12.7% to $395.2 million from $351.9 million at September 30, 2023
    • $2.9 million increase in stockholders’ equity
    • $0.065 per share cash dividend paid to shareholders
    • Net interest margin at the Bank was 3.58% for the quarter
    • Net income of $586 thousand, totaling approximately $0.29 per common share fully diluted
    • Book value per share as of September 30, 2024 was $14.89
    • Total assets increased by $49.1 million from September 30, 2023 to $467.9 million as of September 30, 2024
    • Credit quality is outstanding

    Capital Insights and Credit Quality:

    • Nonaccrual loans decreased in the third quarter of 2024, from $2.2 million at year end 2023 to $206 thousand in the current quarter.
    • Non-performing assets to total assets rose slightly from 0.01% in the linked quarter to 0.04% in the current quarter.
    • Delinquencies greater than 30 days were 0.05% of total loans as of September 30, 2024, down from 0.68% as of December 31, 2023.
    • The bank’s ACL ratio was 0.91% as of September 30, 2024, down slightly from 0.94% at year-end 2023. The September 30, 2024 ACL covered non-performing loans 17.5 times, an increase from 1.6 times at year-end 2023.
    • The bank remains well capitalized.

    Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (https://www.otcmarkets.com) and is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania, which is located just outside the Philadelphia market in Montgomery County. The Victory Bank was established in 2008 as a specialized business lender that provides high-quality banking services to small and mid-sized businesses and professionals through its three offices located in Montgomery and Berks Counties, Pennsylvania. Additional information about Victory Bancorp is available on its website, VictoryBank.com.

    This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.

    Contact:

    Joseph W. Major,
    Chairman and Chief Executive Officer

    Robert H. Schultz,
    Chief Financial Officer, Chief Operating Officer

    The Victory Bancorp, Inc.
    548 N. Lewis Rd.
    Limerick, PA 19468

    CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)            
    (dollars in thousands, except per share data)            
        September 30,   December 31,   September 30,
    Selected Financial Data   2024   2023   2023
    Investment securities $ 46,110 $ 47,931 $ 47,335
    Loans, net of allowance for loan losses   395,213   364,383   351,926
    Total assets   467,939   442,163   418,843
    Deposits   398,169   364,032   358,207
    Borrowings   24,692   36,200   19,750
    Subordinated debt   12,851   12,830   12,824
    Stockholders’ equity $ 29,437 $ 27,948 $ 26,548
    Book value per common share $ 14.89 $ 14.17 $ 13.47
    Allowance/loans   0.91%   0.94%   0.94%
    Nonperforming assets/total assets   0.04%   0.49%   0.01%
                 
        3 Months Ended
        September 30,   December 31,   September 30,
    Selected Operations Data   2024   2023   2023
    Interest income $ 7,526 $ 6,680 $ 6,298
    Interest expense   4,064   3,337   2,955
    Net interest income   3,462   3,343   3,343
    Provision for loan losses   71   170   75
    Other income   239   210   143
    Other expense   2,895   2,748   2,826
    Income before income taxes   735   635   585
    Income taxes   (149)   (160)   (39)
    Net income $ 586 $ 475 $ 546
    Earnings per common share (basic) $ 0.30 $ 0.24 $ 0.28
    Earnings per common share (diluted) $ 0.29 $ 0.23 $ 0.26
    Return on average assets (annualized)   0.50%   0.45%   0.53%
    Return on average equity (annualized)   8.14%   6.97%   8.05%
    Net charge-offs(recoveries)/average loans   0.01%   0.00%   0.00%

    The MIL Network

  • MIL-OSI: Middlefield Healthcare Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Healthcare Dividend ETF (TSX: MHCD) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Healthcare Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.05
    November 30, 2024 December13, 2024 $0.05
    December 31, 2024 January 15, 2025 $0.05
         

    The trust units trade on the Toronto Stock Exchange under the symbol MHCD.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI: Drones Driven by A.I. Are Taking Over Major Industries Including Agriculture, Construction, Military & More

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial intelligence (AI) and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of artificial intelligence and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands. Factors such as technological advancements, growing need for automation and efficiency, and the increasing adoption of drones in the Logistics and Delivery, Agriculture and Precision Farming, Disaster Management and Search & Rescue, Environmental Monitoring and Industrial sectors are boosting the adoption of AI solutions in the UAV landscape. A report from Knowledge Sourcing Intelligence projected that the Artificial Intelligence in drone market size is projected to show steady growth during the forecast period (2024-2029). The report said: “Booming drone adoption in the sector boosts AI in drone market growth. Drones driven by AI are taking over major sectors such as agriculture, serving as industrious field workers. They minimize human effort while monitoring crop health, accurately locating pests, and applying irrigation to maximize production and optimize resource use. The movement known as “precision agriculture” is revolutionizing the way of raising food. According to the January 2022 Press Release Bureau, the government is extending financial support under the “Sub-Mission on Agriculture Mechanization” to encourage the use of drones in agriculture. The Agriculture Ministry will give agricultural institutions grants of up to Rs. 10 lakhs so the farmers can buy drones. When it comes to drone demonstrations on farmer fields Farmer’s Producers Organizations (FPOs) can receive funds for up to 75% of the total cost of the drone. The initiatives and factors supporting agriculture enhance the drone market.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Palantir Technologies Inc. (NYSE: PLTR), QUALCOMM Incorporated (NASDAQ: QCOM), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO).

    “The growing need for automation in logistics propels AI in drone market. Industries these days need effective and automated ways to handle logistics jobs. Drones and AI together present an attractive alternative for companies looking to increase productivity and accuracy as they save labor expenses and increase productivity by automating operations that were previously done by hand. By the end of 2024, Prime Air plans to expand internationally into Italy and the UK, in addition to starting drone deliveries in the United States. Similarly, in October 2023, Amazon Pharmacy launched drone delivery of pharmaceuticals. Eligible consumers in College Station, Texas, can now have their drugs delivered to their homes via drone within 60 minutes of placing their purchase with Amazon Pharmacy.”

    ZenaTech Inc. (NASDAQ:ZENA) Issues Big Development News Today on Adding Patent Assets to the Company – Get the full details by visiting: https://www.financialnewsmedia.com/news-zena/

    Additional Groundbreaking ZenaTech Inc. Developments this week include:

    ZenaTech Announced a Software Company Acquisition Adding Significant Capabilities to Building AI Drones – ZenaTech also announced that it has entered into an agreement to acquire ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. The acquisition of these two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaTech’s ZenaDrone AI drone solutions. This transaction further expands ZenaTech’s portfolio of SaaS software solutions and customer base and is expected to add to recurring revenue in the government sector among others. The acquisition is subject to shareholder and regulatory approvals that may be required.

    “Adding Jadian and DeskFlex software capabilities to the ZenaTech portfolio is part of our strategy to offer full stack, integrated AI drone solutions targeted to multiple sectors such as Agriculture. Jadian’s compliance software will be integrated with ZenaDrone drone hardware and sensors to help farmers track and manage regulatory and environmental requirements such as crop traceability, fertilizer and pesticide use, water conservation, and greenhouse gas emissions. Deskflex scheduling and mapping software will add value integrated into our property management sector solutions,” said CEO Shaun Passley, Ph.D. Read this full release at: https://finance.yahoo.com/news/zenatech-announces-software-company-acquisition-113000656.html

    Other recent developments in the technology industry include:

    Edgescale AI Inc. and Palantir Technologies Inc. (NYSE: PLTR) recently announced a strategic partnership to deliver Live Edge, a groundbreaking combination of Palantir Edge AI and Edgescale AI distributed infrastructure technology, designed to operationalize artificial intelligence (AI) in manufacturing, utilities, and other complex industrial environments.

    AI is reshaping the world and transforming our relationship with technology, yet applying AI to operational technology in industries and critical infrastructure remains a challenge. So long as the complexity and operational burden of activating machines, equipment, vehicles, and sensors in physical systems remains high, we only achieve a fraction of AI’s true potential for automating our technology and improving our lives.

    QUALCOMM Incorporated (NASDAQ: QCOM) recently announced that, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

    This initiative aims to support early-stage startups in the high-tech sector by guiding them from product design and development to commercialization. It aims to provide a comprehensive suite of support that includes technical assistance, business coaching, and intellectual property (IP) training, all aimed at enhancing the Kingdom’s technology ecosystem. Should this initiative materialize, startups would gain access to resources such as Qualcomm Technologies and Aramco’s industrial experience and RDIA’s strategic guidance.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, recently issued a Letter to Stockholders from Company CEO Bill Irby.

    Dear Stockholders: First, I want to extend my appreciation for the trust and confidence you have placed in AgEagle. Upon taking over as CEO from Grant Begley (former interim CEO and current Board Chairman), we have been evolving and advancing AgEagle toward the creation of maximum long-term shareholder value.

    To fund our aggressive growth plans, we recently completed a $6.5M capital raise. The market’s reaction was a continued decline in our stock price. It became necessary to plan and execute a 50:1 reverse stock split. Our trading was halted October 4th but has since resumed, and I am truly optimistic regarding the path ahead as I believe that the company is currently under-valued… In conclusion, through a combination of our key initiatives, growing demand, and demonstrated progress in our newest market, I believe AgEagle is on the correct path to increase long-term shareholder value. We appreciate your continued support. Sincerely, Bill Irby, CEO

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading developer of drone solutions and systems, recently announced its participation in the upcoming Wings of Saskatchewan event in Regina, from October 30 to October 31, 2024. Draganfly will showcase its latest drone technology advancements, contributing to discussions on industry trends, safety, and regulatory considerations alongside key stakeholders in the aviation sector.

    The Wings of Saskatchewan Conference, hosted by the Saskatchewan Aerial Applicators Association and the Saskatchewan Aviation Council, serves as a vital gathering for the aviation community. This year’s event will bring together leaders from both civil and commercial aviation sectors to discuss technological advancements, regulatory updates, and future trends within the industry.

    About FN Media Group:
    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia
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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually”, or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network

  • MIL-OSI: Middlefield Innovation Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Innovation Dividend ETF (TSX: MINN) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Innovation Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.033
    November 30, 2024 December13, 2024 $0.033
    December 31, 2024 January 15, 2025 $0.033
         

    The trust units trade on the Toronto Stock Exchange under the symbol MINN.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI: TopLine Credit Union Foundation Awards $36,500 in Scholarships

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., Oct. 24, 2024 (GLOBE NEWSWIRE) — In its tenth year, TopLine Credit Union Foundation has awarded a total of $36,500 in scholarship money to 35 TopLine members who are continuing their education, and $1,500 in scholarship funds to support post-secondary educational needs and goals of students in Nigeria through partnership with African Education and Health Initiative (AFEDHI), a local non-profit organization with a vision to assist African students with access to education, books and school supplies.

    TopLine Credit Union Foundation received 127 applications. Any TopLine member pursuing post-secondary education by attending a college or university, graduate school, or a 2-to-4-year community, vocational or technical college in the fall of 2024 was eligible.

    Scholarship applicants needed to complete a one-page application form and submit an essay (500 words or less) that answered the question: “Discuss a hobby, interest, or passion that is important to you. How has this influenced your personal growth and academic journey?”

    As one of our scholarship recipients commented, “Unlike most twin sisters, I grew up not just as a sibling, but as a caregiver. Her ability to navigate the world was often reliant on my hearing, and I was responsible for filling her in on our learning in school. From an early age, I became my sister’s advocate and ally. I witnessed firsthand the challenges she faced in navigating a predominantly hearing world. My sister’s journey has shown me the significance of empathy, understanding, and hard work, ultimately steering me toward my aspiration to become an audiologist. I hope to create a space where people feel heard, empowered, and understood, much like I’ve strived to do for my sister.”

    “It’s was so rewarding to read all the personal stories written by applicants based on the influences they have experienced to help them along their personal growth and academic journeys,” said Vicki Roscoe Erickson, President, TopLine Credit Union Foundation. “Our foundation board had an extremely difficult decision of just selecting 35 scholarship recipients, and we celebrate their dedication and drive as they embark on their learning journey.”

    TopLine Credit Union Foundation, guided by its mission of “working within the community to build a better tomorrow,” will continue to support the cooperative spirit of “people helping people” by living the mantra – to care, connect and contribute in the communities they serve.

    Scholarship recipients will be recognized with a reception at the credit union, on TopLine Credit Union Foundation’s website page and on their Facebook page.

    TopLine Credit Union Foundation, a 501(c)(3) non-profit organization, is dedicated to providing members with an array of financial education opportunities and counseling for members of all ages, awarding scholarships, contributing to community charitable organizations and sponsoring other community give-back efforts. Since inception in 2014, TopLine Credit Union Foundation has given out $175,000 in scholarship monies to assist with the affordability of post-secondary education. Donations are tax deductible to the extent allowed by law. For further information visit www.TopLinecu.com/foundation, email Foundation@TopLinecu.com, call 763-391-9494, or stop by any branch location or write to: 9353 Jefferson Hwy, Maple Grove, MN 55369. Federal Tax ID # is 46-4335752.

    CONTACT:
    Vicki Roscoe Erickson
    President, TopLine Credit Union Foundation
    verickson@toplinecu.com
    763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/70b1950d-0cdb-42e0-a7bf-213f59799195

    The MIL Network

  • MIL-OSI: Introducing Alvacomm’s Cyber Risk Platform for Insurance Providers and Brokers in the Middle East

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) — Alvacomm’s latest platform sets a new standard in cyber risk management for insurance providers and brokers in the Middle East. As cyber threats rise, insurers need tools that go beyond traditional risk assessments. This platform merges cyber insurance with actionable solutions, giving insurers and brokers the resources to address risks proactively. Designed for today’s evolving threat challenges. Alvacomm’s platform empowers providers to assess and mitigate client vulnerabilities, transforming how they manage cyber risk.

    A New Approach to Cyber Insurance

    Alvacomm’s platform revolutionizes cyber insurance by infusing it with targeted solutions. Rather than focusing solely on traditional assessments, it highlights vulnerabilities in a client’s cyber threat prevention strategies. This dual approach allows insurers and brokers to offer more than coverage, supporting clients in minimizing risks before claims arise. This leads to more resilient insurance offerings, helping both providers and brokers enhance their services while effectively managing client risks.

    Strengthening Underwriting Confidence

    The platform delivers clear insights into clients’ preparedness to handle cyber threats, focusing on their overall approach to prevention rather than their current systems. This provides underwriters with the reliable information they need to make well-informed decisions. With this level of clarity, both providers and brokers can issue policies with greater confidence, ensuring that the risk profile is accurate and manageable. This approach strengthens the partnerships between insurers and brokers, building a more effective insurance ecosystem.

    Solutions Beyond Risk Assessment

    Alvacomm’s platform goes further than assessing risk by offering solutions. When clients show areas of vulnerability, insurers and brokers can refer them to Alvacomm’s team for further assistance. This ensures clients are better equipped to qualify for coverage and reduces the chances of future claims. By focusing on solutions, insurers, brokers, and clients alike benefit from improved security and more stable, profitable relationships.

    Gaining a Competitive Edge

    In the rapidly expanding Middle Eastern cyber insurance market, differentiation is key. Alvacomm’s platform gives providers and brokers a competitive advantage by combining risk assessment with actionable strategies. Rather than offering basic policies, they can deliver comprehensive solutions that address and reduce client risks, positioning themselves as leaders in cyber risk management. This gives clients a long-term partnership, supporting their security needs while providing them with tailored coverage.

    Fewer Claims, Greater Profitability

    Alvacomm’s platform helps insurers and brokers reduce claims by addressing vulnerabilities before policies are issued. This proactive approach lowers overall risk and improves financial outcomes. Insurers benefit from covering clients committed to reducing their risk, while brokers offer policies that deliver greater value to their clients, improving client retention and profitability.

    Strengthening Broker-Client Relationships

    By offering more comprehensive solutions, brokers can build trust with their clients. Alvacomm’s platform enables brokers to provide accurate risk assessments, helping them recommend policies that suit each client’s specific needs. This advisory role strengthens long-term relationships, positioning brokers as key partners in their clients’ cybersecurity journey.

    Conclusion

    Alvacomm’s platform is transforming cyber risk management for insurance providers and brokers in the Middle East. With its proactive approach, the platform reduces claims, improves profitability, and strengthens relationships. As cyber threats continue to rise, Alvacomm’s platform ensures insurers, brokers, and clients are better equipped to handle risks.

    Join the Waitlist: https://www.alvacomm.org
    Stay ahead of the curve in cyber risk management by joining the waitlist for early access to Alvacomm’s platform.

    Skip the Waitlist: https://vipaccess.alvacomm.org
    Secure exclusive VIP access to Alvacomm’s platform and be among the first to experience its full range of features.

    Contact Information:

    Paul Brew
    Email: paul.brew@alvacomm.ae

    For partnership inquiries, please contact us at: partner@alvacomm.ae

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/abaffd89-91bb-4849-a591-a9c791b72aac

    The MIL Network

  • MIL-OSI: Middlefield U.S. Equity Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield U.S. Equity Dividend ETF (TSX: MUSA) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield U.S. Equity Dividend ETF as follows:

    Record Date Payable Date Distribution Per
    Trust Unit
    October 31, 2024 November 15, 2024 $0.04583
    November 30, 2024 December13, 2024 $0.04583
    December 31, 2024 January 15, 2025 $0.04583
         

    The trust units trade on the Toronto Stock Exchange under the symbol MUSA.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI: Real Estate Split Corp. Announces Successful Overnight Offering

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for dissemination in the United States.

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Real Estate Split Corp. (TSX: RS and RS.PR.A) (the “Company”), is pleased to announce a successful overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). Gross proceeds of the offering are expected to be approximately $46.4 million.

    The offering is expected to close on or about Wednesday, October 30, 2024 and is subject to certain closing conditions including approval by the Toronto Stock Exchange.

    The Class A Shares were offered at a price of $12.90 per Class A Share to yield 12.1% and the Preferred Shares were offered at a price of $10.10 per Preferred Share to yield 4.4% to maturity. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (calculated as at October 22, 2024), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.

    The Company has been designed to provide investors with a diversified, actively managed, high conviction portfolio comprised of securities of leading North American real estate companies.

    The Company’s investment objectives for the:

    Class A Shares are to provide holders with:

    (i) non-cumulative monthly cash distributions; and
    (ii) the opportunity for capital appreciation through exposure to the portfolio

    Preferred Shares are to:

    (i) provide holders with fixed cumulative preferential quarterly cash distributions; and
    (ii) return the original issue price of $10.00 to holders upon maturity.

    Middlefield Capital Corporation provides investment management advice to the Company.

    The syndicate of agents for the offering was co-led by CIBC Capital Markets, RBC Capital Markets, and Scotiabank, and included Canaccord Genuity Corp., Hampton Securities Limited, National Bank Financial Inc., BMO Nesbitt Burns Inc., iA Private Wealth Inc., Raymond James Ltd., Manulife Wealth Inc., Ventum Financial Corp., Wellington-Altus Private Wealth Inc., Desjardins Securities Inc., and Research Capital Corporation.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the short form base shelf prospectus may be obtained from a member of the syndicate. The Company intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.

    The MIL Network

  • MIL-OSI: Middlefield Real Estate Dividend ETF Distributions

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — Middlefield Real Estate Dividend ETF (TSX: MREL) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2024 will be payable to unitholders of Middlefield Real Estate Dividend ETF as follows:

    Record Date Payable Date Distribution Per Trust Unit
    October 31, 2024 November 15, 2024 $0.075
    November 30, 2024 December13, 2024 $0.075
    December 31, 2024 January 15, 2025 $0.075

    The trust units trade on the Toronto Stock Exchange under the symbol MREL.

    The Fund offers a distribution reinvestment plan (“DRIP”) for unitholders which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    Middlefield

    Founded in 1979, Middlefield is a specialist equity income asset manager with offices in Toronto, Canada and London, England. Our investment team utilizes active management to select high-quality, global companies across a variety of sectors and themes. Our product offerings include proven dividend-focused strategies that span real estate, healthcare, innovation, infrastructure, energy, diversified income and more. We offer these solutions in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains.  The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.

    The MIL Network

  • MIL-OSI Economics: Siemens and Microsoft scale industrial AI

    Source: Microsoft

    Headline: Siemens and Microsoft scale industrial AI

    • Siemens and Microsoft have taken the Siemens Industrial Copilot to the next level, to handle demanding environments at scale
    • Over 100 customers in Europe and the US are using the Siemens Industrial Copilot to improve efficiency, cut downtime, and address labor shortages
    • thyssenkrupp Automation Engineering is planning a global rollout of Copilot beginning 2025
    • More than 120,000 engineers can now leverage the Copilot, upskilling experts and workers in programming with Gen AI

    BERLIN — Oct. 24, 2024 — Siemens is revolutionizing industrial automation with Microsoft. Through their collaboration, they have taken the Siemens Industrial Copilot to the next level, enabling it to handle the most demanding environments at scale. Combining Siemens’ unique domain know-how across industries with Microsoft Azure OpenAI Service, the Copilot further improves handling of rigorous requirements in manufacturing and automation.

    Over 100 companies, including Schaeffler and thyssenkrupp Automation Engineering, are currently using the Siemens Industrial Copilot to streamline processes, address labor shortages, and drive innovation. With 120,000 users already leveraging the Siemens engineering software, they now have the opportunity to enhance their work with the Gen AI-powered assistant.

    Co-creation partner thyssenkrupp Automation Engineering is now the first to plan to use the Copilot globally. Beginning in early 2025, their machines will be engineered with the assistant, fully unleashing its potential across their entire product range. The rollout will take place globally. Siemens is pioneering the offering of Gen AI for automation engineering in the industry and has made this capability easily accessible on the Siemens Xcelerator open digital business platform.

    “The collaboration between Siemens and Microsoft marks a pivotal moment in the industrial sector; one where AI Transformation becomes a cornerstone for innovation and operational efficiency,” said Judson Althoff, executive vice president and chief commercial officer at Microsoft. “By integrating Microsoft Azure OpenAI Service into Siemens’ industrial solutions, we are equipping companies with cloud-based AI tools to simplify complex challenges, drive productivity, and help them stay competitive in an increasingly dynamic environment.”

    “Together with Microsoft we scale industrial AI, empowering our customers throughout the industry to become more resilient, competitive and sustainable. thyssenkrupp Automation Engineering shows how customers can use Siemens Industrial Copilot even in highly demanding environments as a major efficiency boost,” said Cedrik Neike, Member of the Managing Board of Siemens AG and CEO of Digital Industries.

    Since the product’s availability in July 2024, customers across various sectors have started using Siemens Industrial Copilot for Engineering to boost efficiency. Engineers can now create panel visualizations in 30 seconds and generate code that requires only 20% adaptation.

    This streamlines workflows, reducing manual effort and addressing the skilled labor shortage. The chat function also provides instant, precise answers, eliminating the need for lengthy searches. By leveraging the Copilot, companies are driving productivity and innovation.

    Transforming battery quality assurance with Siemens Industrial Copilot

    thyssenkrupp Automation Engineering exemplifies the Siemens Industrial Copilot’s transformative potential at scale, particularly in complex control, such as development of automated systems for the production of battery and hydrogen assembly lines. One of their machines helps ensure quality of batteries for electric cars, a crucial factor in the sustainable energy transition and the industry’s reliance on 100% reliable batteries. Sensors, cameras, and measurement systems are integrated to monitor battery cell quality across multiple stages, conducting complex evaluations to detect discharges beyond set thresholds.

    The Siemens Industrial Copilot supercharges the development and operation of this battery machine by automating repetitive tasks like data management, sensor configuration, and the crucial reporting of each step necessary to meet strict battery inspection requirements. Generally, the Copilot supports engineering by handling both routine and essential documentation tasks. This allows the engineers to focus on complex, value-added work, while its real-time problem-solving capabilities minimize downtime and ensure smooth production.

    “Siemens Industrial Copilot will prospectively ease our workload and address the pressing challenges of labor shortages and increasing complexity in battery testing. This AI-powered solution will be a game-changer for our industry, and we will actively roll it out across our machines,” said Dr. Volkmar Dinstuhl, Member of the Executive Board of thyssenkrupp AG and CEO of thyssenkrupp Automotive Technology.

    Siemens will share more details on Siemens Industrial Copilot at the SPS expo in Nuremberg, Germany, in November 2024.

    This press release along with press photos and other materials can be found at:

    https://sie.ag/2s6zEA

    Contacts for journalists 

    Siemens AG

    Jil Huber

    Phone: +49 162 3474144; email: [email protected]

    Microsoft 

    WE Communications for Microsoft

    Phone: (425) 638-7777; email: [email protected]

    thyssenkrupp AG 

    Sarah Grassmann

    Phone: +49 152 28277427; email: [email protected]

    Follow us at www.x.com/siemens_press

    For further information: www.siemens.com/industrial-copilot and siemens.com/sps-fair

    Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company, Siemens Healthineers, a leading global medical technology provider shaping the future of healthcare.

    In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €74.9 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 305,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

    About Microsoft

    Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.

    About thyssenkrupp Automotive Technology   

    thyssenkrupp Automotive Technology is a leading supplier and development partner to the international automotive industry. Its range of products and services includes high-tech components and systems as well as automation solutions for vehicle production. The product range includes chassis technologies such as steering and damping systems and the assembly of axle systems as well as drive train components for conventional and alternative drives. thyssenkrupp Automotive Technology also develops assembly lines for body-in-white construction and produces lightweight body parts in series. The business area generated sales of 7.9 billion euros in fiscal year 2022/23. We also specialize in the production of springs and stabilizers for various vehicle types, as well as components and systems for tracked vehicles. Automotive Technology has a global production network with more than 90 locations in Europe, Asia, and North and South America.

    MIL OSI Economics

  • MIL-OSI Economics: How AI is helping Siemens and thyssenkrupp bridge skilling gaps in manufacturing

    Source: Microsoft

    Headline: How AI is helping Siemens and thyssenkrupp bridge skilling gaps in manufacturing

    Schoenherr said the task of programming these complex machines is time-consuming. Each machine has a PLC, or Programmable Logic Controller, which Schoenherr compared to a laptop running Windows. The PLC links and controls all the smaller devices, each with its own programming, inside a machine like the one testing EV battery cells.

    Schoenherr says this is one of the areas where the Industrial Copilot has proven very useful. He cites a situation he was dealing with that day, where a camera captures data about each individual cell from an inscription on its side; the camera wasn’t always able to read the inscription.

    “You have a certain component, like the camera that is part of the machine, but it has its own program,” he says. “Someone gives you the program to use the camera, but you never used it before.” The camera’s programming contains the key to solving the problem, but breaking down the code can be a patience-testing task.

    “That’s the situation where you ask the copilot, ‘Please explain the source code to me. What can I do? What’s the input A for, what’s the input B for?’ And it explains, so that’s great. The copilot helps you put things together more simply.”

    MIL OSI Economics

  • MIL-OSI USA News: Background Press Call on the U.S. Approach to Harnessing the Power of AI for U.S. National  Security

    Source: The White House

    Via Teleconference

    MODERATOR:  Good afternoon, everyone.  Thanks so much for joining today’s call to discuss the U.S. approach to harnessing the power of AI for U.S. national security, ahead of tomorrow’s release of the National Security Memorandum.

    As a reminder of the ground rules of this call, this call is on background, attributable to senior administration officials, and it is embargoed until 6:00 a.m. Eastern on Thursday, October 24.

    For your awareness, not for your reporting, on the call today we have [senior administration official] and [senior administration official]. 

    Following the call, we’ll provide you all with some materials under the same embargo, so be on the lookout for those. 

    Our speakers are going to have a few words at the top, and then we’ll turn it over to some of your questions.

    With that, [senior administration official], I’ll turn it over to you.

    SENIOR ADMINISTRATION OFFICIAL:  Thanks, Eduardo.  And thanks to all of you for joining us this evening. 

    So, we’re really pleased to report that tomorrow we’ll be releasing a National Security Memorandum on Artificial Intelligence signed by the President. 

    And we want to start off just by sharing a little bit of context for this, which really begins with the fact that the United States has a very strong hand in AI today.  We design the most advanced hardware.  We host the leading AI companies that are building the most advanced AI systems, and really have a dominant market share in artificial intelligence globally.  And thanks to the President’s CHIPS Act, we are building more resilience in our chip supply chains as well. 

    But as many of you know, the innovation that’s happened, particularly in this current wave of frontier artificial intelligence, has really been driven by the private sector.  And it’s critical that we continue to both foster that leadership but ensure that the government, and particularly with this National Security Memorandum, ensure that our national security agencies are adopting these technologies in ways that align with our values. 

    And a failure to do this, a failure to take advantage of this leadership and adopt this technology we worry could put us at risk of a strategic surprise by our rivals, such as China.

    And as you all know, there are very clear national security applications of artificial intelligence, including in areas like cybersecurity and counter-intelligence, not to mention the broad array of logistics and other activities that support military operations.

    Because countries like China recognize similar opportunities to modernize and revolutionize their own military and intelligence capabilities using artificial intelligence, it’s particularly imperative that we accelerate our national security community’s adoption and use of cutting-edge AI capabilities to maintain our competitive edge. 

    So, President Biden’s first-ever executive order, signed last October, on artificial intelligence was a key step forward to ensure that America leads the way in seizing the promise and managing the risks of AI. 

    In that executive order, the President specifically directed the development of this National Security Memorandum to ensure that we maintain our edge over rivals seeking to leverage AI to the detriment of our national security, while also building effective safeguards to ensure that our use of AI upholds our values and preserves public trust.

    So, consistent with the President’s direction, we’ve been engaged in a policy process over the last year or so to advance those aims and complete this National Security Memorandum. 

    And tomorrow, the National Security Advisor, Jake Sullivan, will deliver remarks to rising military and intelligence professionals at the National Defense University so he can speak directly to the very national security professionals and leaders who are going to be implementing the core of this strategy. 

    During his remarks, Jake will talk about what led us to this moment in artificial intelligence, both in terms of its development and our views on why it is so critical for national intelligence and why, therefore, the President has issued this National Security Memorandum on AI.

    Jake will also outline how the United States must strengthen our own advantages in artificial intelligence, how to harness that advantage in a responsible manner for national security, and also how the United States can do this work in lockstep with our partners around the world in ways that will protect our national security while also leveraging our advantages in AI for the benefit of countries around the world. 

    So, we hope you’ll join us for those remarks as well. 

    With that, I’ll turn it over to my colleague to provide more detail about the NSM itself.

    SENIOR ADMINISTRATION OFFICIAL:  Great.  Thanks.  And thanks, everybody, for joining.

    As many of you know, the administration’s approach to AI is rooted in the premise that capabilities generated by the transformer and large language model revolution in AI, often called frontier AI, are poised to shape geopolitical, military, and intelligence competition. 

    Now, most of the NSM is unclassified and will be released publicly.  It also contains a classified annex that primarily addresses adversary threats. 

    Now, the principles guiding our work in the NSM are simple.  They are that the U.S. should first lead the world’s development of safe, secure, and trustworthy AI, and establishing a stable and responsible framework to advance international AI governance.  And as a result, the NSM serves as a formal charter for the AI Safety Institute in the Department of Commerce, which we have created to be the primary port of call for U.S. AI developers.  They have already issued guidance on safe, secure, and trustworthy AI development and have secured voluntary agreements with companies to test new AI systems before they are released to the public. 

    Second, another principle is that the U.S. should harness the most advanced AI systems with appropriate safeguards to achieve national security objectives.  And we are directing that the agencies gain access to the most powerful AI systems and put them to use, which often involves substantial efforts on procurement. 

    And finally, all of this must be done in accordance with our values. 

    So, alongside the National Security Memorandum itself, we are publishing a companion document called the Framework for AI Governance and Risk Management for National Security that provides guidance on how agencies can and cannot use AI. 

    So, we also believe that we must out-compete our adversaries and mitigate the threats posed by adversary use of AI. 

    So, in summary, what I’ve outlined are essentially three core principles that you’ll see throughout the documents: securing the U.S.’s lead on AI; two, harnessing AI for national security; and, crucially, building in the governance framework to ensure that we are actually accelerating adoption in a smart way, in a responsible way, by having clear rules of the road.

    With that, I’ll turn it over to Eduardo.

    MODERATOR:  Thank you both.  We’ll now turn to our Q&A portion.  If you’d like to ask a question, please use the “raise your hand” feature on Zoom.

    First up, we’ll go to the line of Katrina Manson.  You should be able to unmute yourself. 

    Q    Hi there.  Thanks so much.  I would love to ask how you see the U.N. intention to have countries sign up to a ban on lethal autonomous weapons by 2026 and if any of your work foresees the U.S. signing up to that. 

    Many of the harms that you try to prevent on the civil use of AI, obviously in terms of bodily harms, are very much implied with the use of AI for the military.  And in the case of Maven, AI targeting is already being used to support battlefield firing in the Middle East by the U.S.  Can you address the very serious safety concerns around the use of AI targeting and whether you will consider a ban on lethal autonomous weapons, which can use AI?

    SENIOR ADMINISTRATION OFFICIAL:  Thanks for that question.  I’m happy to start with that. 

    So, first point is, as I think [senior administration official] noted, we’ll be releasing tomorrow, alongside the National Security Memorandum, a framework on responsible use of artificial intelligence in a national security context.  And so, you’ll see there really a lot of detail on kind of all the steps that we’re taking to ensure these systems are used responsibly. 

    Now, and the other thing I would point out is: While it’s not necessarily part of this NSM, although there’s a nod to kind of our diplomatic efforts and kind of direction to double down on those, some of you may be aware of the Political Declaration on Responsible Military Use of Artificial Intelligence and Autonomy.  And that’s a declaration where the Vice President, in fact, has kind of taken a leadership role.  And we have around 60 countries that have signed up to this declaration, which is really focused squarely on how AI and autonomy should be used.  And most recently, there was a summit held on this by South Korea. 

    So that’s another area where that combines both the substance that you’ll see in the framework on responsible use, but also, really, diplomatic efforts that we’ve been leading over the last few years.

    SENIOR ADMINISTRATION OFFICIAL:  And, sorry, if I can add to what was just mentioned.  The framework itself you’ll see actually references the political declaration that was just mentioned, and it also outlines the requirement for adherence to the Department of Defense’s Directive 3000.09 and successor related policies that address autonomous or semiautonomous weapons systems. 

    But in addition to that, as was just mentioned, there are a number of outlined prohibited use cases, as well as high-impact use cases that are relevant.  And one theme you’ll see in both the NSM and the framework document is the fact that we need to ensure that AI is used in a manner consistent with the President’s authority as Commander-in-Chief to decide when to order military operations in the nation’s defense, for instance.

    MODERATOR:  Thank you.  Next up, we’ll go to the line of Garrett (inaudible).  You should be able to mute yourself.

    Q    Hello.  Can you all hear me?

    MODERATOR:  We can, yes.

    Q    Great.  You mentioned that some of the commitments from companies are voluntary.  And, you know, just covering the big fight around legislation here in California, companies seem, from my perspective at least, to very much want to keep those commitments to safety and that kind of thing voluntary, rather than sort of required or legislated. 

    And I’m just wondering if, you know, the administration has a view, or if it’s published as part of this, about trying to sort of codify those voluntary commitments and make them more, you know, ironclad and not sort of up to the whims of these CEOs.

    SENIOR ADMINISTRATION OFFICIAL:  Thanks, Garrett.  So, I think on that point, I would just say we continue to work with colleagues on the Hill.  There are a number of proposals relating to, you know, regulations on artificial intelligence.  And so, that’s really — that’s, really, ongoing. 

    I think, really, the emphasis in the National Security Memorandum is really kind of making commitments ourselves as a government about how we will adopt and use artificial intelligence.  You know, as you point out, we have played a leadership role in getting some of those commitments from the companies.  We have taken those commitments and kind of — to the international stage, through the G7 and the Hiroshima process as well. 

    But, really, what we’re focused on tomorrow is what commitments can the government itself make on responsible use, which we think is important, by the way, not just for its own sake, but we also think that’s important to enable us to both accelerate both the development and also accelerate the adoption of use as well.  And that’s a point that I think you’ll hear the National Security Advisor focus on as well tomorrow.

    MODERATOR:  Thank you.  And next up, we’ll go to the line of Patrick Tucker.  You should be able to unmute yourself.

    Q    Hi.  Thanks.  Pat Tucker from Defense One.

    There’s a new paper out, actually this week, from Meredith Whittaker and a couple other folks at the AI Now Institute, actually pointing out some of the potential dangers of some of these commercially facing AI products in national security contexts. 

    And they point out that some of these generative AI tools have very large — unacceptably large false positive rates.  They hallucinate, often, a lot.  And sometimes to train them, they rely on publicly available data, including data that might come from data brokers and other sources that poses a potential privacy risk, particularly to Americans, because Americans produce a lot more purchasable data than do citizens in China or Russia. 

    So can you talk a little bit about how this memorandum does or does not address data vulnerability of Americans and some of the potential risks in the national security setting of adopting commercial and consumer-facing AI tools that have high hallucination rates or false positive rates?  Thank you.

    SENIOR ADMINISTRATION OFFICIAL:  Do you want to start with that?  You can join as well.

    So, thanks for the question.  Look, I think some of these, you know, concerns I think are ones that I think colleagues in the national security community are acutely aware of.  You know, there are a few points here. 

    One is, you know, we have to go through a process of accrediting systems.  And that’s not just for AI systems, but you know, national security systems generally.  And so, that’s point one, to kind of ensure that they are fit for the purpose or particular mission. 

    I think the second point is: We are, you know, very — I think very aware that what we’re doing at this stage is really trying to ensure that we have pilots and some important experimentation happening, because there are going to be challenges associated with adopting any new technology. 

    Third is, the framework that [senior administration official] mentioned is one that’s going to have to be continuously updated.  And we have tried to set it up in a way so that that can happen in real time as there are challenges that are inevitably encountered.

    And parallel to the policy process here, we have a lawyers group that is kind of working very intensively to ensure that, obviously, all existing law is complied with, but also to ensure that novel legal issues as we encounter them are addressed in a timely way as well. 

    I do want to just address the point on data that you mentioned specifically, which is, you know, we have been very concerned about the ways in which Americans’ sensitive data can be sold, really through the front door — through first collected in bulk, then sold through data brokers, and then end up in the hands of our adversaries.  And so, that’s something that the President issued an executive order on to try to restrict adversary access to some of that data.  And, in fact, just this week, we took one more step in the regulatory process through a notice of proposed rulemaking to try to get that final later this year.

    SENIOR ADMINISTRATION OFFICIAL:  And if I can just add on that. 

    So, in addition to the work that the AI Safety Institute is going to do, and as [senior administration official] mentioned some of the other work, you’ll see that in the NSM itself there are very specific requirements for specific agencies and our intelligence community, and, for instance, the Department of Energy to do classified testing of different systems for different purposes for this very reason. 

    And in addition to that, as [senior administration official] mentioned, there’s a strong focus on experimentation here for this very reason.  We want to see rapid adoption, but we also want to see experimentation that will tease out kind of what missions are best suited for various systems and also tease out the challenges of them.  And that’s going to require leaning forward and experimenting, adopting, and then doing all of the work that was just mentioned as well, in terms of both policy and legal review.

    MODERATOR:  Thank you.  We have time for one more question, and we’ll go to the line of Maria Curry.  You should be able to unmute yourself. 

    Q    Hey.  Thanks for taking my question.  I’m wondering if export controls are part of this at all.  And if so, can you elaborate how those might be helpful? 

    And then, if you could just elaborate, too, on the third point.  Could you dig in a little bit deeper into how agencies can or can’t use the technology?  Could you provide an example or two of that?  Thank you.

    SENIOR ADMINISTRATION OFFICIAL:  I can speak to the export control piece, and, [senior administration official], maybe you can speak to some of the prohibited use cases. 

    So, really, the NSM does kind of address, kind of as a matter of policy, the importance of protecting advanced AI technologies so that they’re not used against us by adversary militaries or intelligence services.  And so, at a high level, it does kind of try to emphasize the importance of maintaining those policies and making sure that we are continuously adapting to efforts to circumvent those measures. 

    And as you know, those export controls cover not only GPUs, the advanced AI chips, but also the semiconductor manufacturing equipment that’s necessary to manufacture those as well.  So, that full aspect of the supply chain.

    [Senior administration official] do you want to say anything about prohibited uses?

    SENIOR ADMINISTRATION OFFICIAL:  Sure.  So, you’ll see in the accompanying framework document that I mentioned, it identifies both prohibited, as well as what we call high-impact AI use cases, based on the risk that they pose to national security, international norms, democratic values, human rights, civil rights, civil liberties, privacy, and safety.

    And on the prohibited end of the spectrum, these will be — not surprising, but there are clear prohibitions on use of AI with intent or purpose, for instance, to unlawfully suppress or burden the right to free speech or the right to legal counsel. 

    There’s also prohibited use cases around, for instance, removing a human in the loop for actions critical to informing and executing decisions by the President to initiate or terminate nuclear weapons employment, for example.  That runs the spectrum of kind of military-related activities, but also protecting civil liberties and tracking international norms. 

    But in doing that, we actually view these restrictions — so these prohibitions, for example, as well as the high-impact cases — as being important in clarifying what the agencies can and cannot do.  That will actually accelerate experimentation and adoption.  Because one of the paradoxical outcomes we’ve seen is: With a lack of policy clarity and a lack of legal clarity about what can and cannot be done, we are likely to see less experimentation and less adoption than with a clear path for use, which is what the NSM and the framework tries to provide.

    MODERATOR:  Thank you.  That’s all the time we have for today.  Big thanks to our speakers, and thanks to you all for joining.

    As a reminder, this call is on background, attributable to senior administration officials.  And this call and its contents are embargoed until 6:00 a.m. Eastern tomorrow. 

    Thanks, all, for joining.  And be sure to tune in tomorrow to National Security Advisor Jake Sullivan’s remarks on this topic.  Thanks again.

    MIL OSI USA News

  • MIL-OSI Canada: Media Advisory: Infrastructure Announcement in the Outaouais region

    Source: Government of Canada News

    Media advisory

    Chelsea, Quebec, October 24, 2024 — Members of the media are invited to an infrastructure announcement with Sophie Chatel, Member of Parliament for Pontiac, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, Maude Marquis-Bissonnette, Mayor of Gatineau, Pierre Guénard, Mayor of Chelsea and David Gomes, Mayor of Cantley.

    Date:
    Friday, October 25, 2024

    Time:
    9:30 a.m. (HNE)

    Location: 
    Chelsea Library
    100 chemin d’Old Chelsea
    Gatineau (Québec), J9B 1C1

    Contacts

    For more information (media only), please contact:

    Sofia Ouslis
    Press Secretary
    Office of the Minister of Housing, Infrastructure and Communities
    Sofia.ouslis@infc.gc.ca

    Media Relations
    Housing, Infrastructure and Communities Canada
    613-960-9251
    Toll free: 1-877-250-7154
    Email: media-medias@infc.gc.ca
    Follow us on XFacebookInstagram and LinkedIn
    Web: Housing, Infrastructure and Communities Canada

    Émilie Rachiele-Tremblay
    Assistant Executive Director
    MOBI-O
    819-205-2085, ext. 104
    emilie.rachiele@mobi-o.ca

    Laurent Lavallée
    Communications Director
    City of Gatineau
    613-606-7242
    lavalle.laurent@gatineau.ca

    Ghislaine Grenier
    Interim Communications Officer
    Municipality of Chelsea
    819-827-1124, ext. 202
    g.grenier@chelsea.ca

    Johanne Albert-Cardinal
    Communications Officer
    Municipality of Cantley
    819-827-3434, ext. 6838
    communications@cantley.ca

    MIL OSI Canada News

  • MIL-OSI Asia-Pac: Report on wetland parks released

    Source: Hong Kong Information Services

    The report of the Strategic Feasibility Study on the Development of the Wetland Conservation Parks (WCPs) System was released today. 

    The development of a WCPs System was promulgated in the Northern Metropolis Development Strategy in 2021, with a view to conserving the Deep Bay wetlands with ecological value, and creating environmental capacity for the Northern Metropolis to achieve co-existence of conservation and development.

    A strategic feasibility study was commissioned by the Agriculture, Fisheries & Conservation Department (AFCD) in August 2022.

    The feasibility study considered that the development of the WCPs System was feasible and worthwhile, which could effectively conserve the wetlands in the Deep Bay area and enhance their ecological value, promote the modernisation of the aquaculture industry, and provide eco-education and recreation facilities for public enjoyment.

    At the same time, the development of the WCPs System could also create environmental capacity for the development of the Northern Metropolis, and achieve co-existence of conservation and development.

    The feasibility study recommended developing the WCPs System in phases by developing the Sam Po Shue WCP first.

    Subsequently, by making reference to the experience of planning and establishing the Sam Po Shue WCP, further studies on the remaining proposed parks would be reviewed in due course, such as the Hong Kong Wetland Park Expansion Area, Nam Sang Wai WCP, and Hoo Hok Wai WCP – including the Sha Ling/Nam Hang area.

    Specific positioning and functions for each Park were recommended by the consultant based on their respective conditions, and broad zonings, including a Biodiversity Zone, Eco-friendly Aquaculture Zone, Fisheries Enhancement Zone and Visitor Zone, were delineated under the conceptual plan of each park.

    It was also recommended that the Government oversee the overall management of the whole WCPs System, and manage the different zones within the parks in co-operation with different parties, depending on the relevant functions and operational needs.

    Such parties include non-governmental organisations, agriculture and fisheries associations, local communities, private landowners and the private sector.

    The AFCD said the recommendations of the report are generally acceptable and would be taken into consideration in the next stage when detailed studies are carried out on the investigation, design and construction of the parks.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: An Interview with Maximilian Spitzley, Foreign Law Intern

    Source: US Global Legal Monitor

    Today’s interview is with Maximilian Spitzley, a foreign law intern working with Foreign Law Specialist Jenny Gesley in the Global Legal Research Directorate of the Law Library of Congress. 

    Describe your background.

    I am a legal trainee and Ph.D. student from Germany, currently completing a three-month internship at the Law Library of Congress.

    What is your academic/professional history?

    I studied law at the University of Bonn, Germany. Participating in the Erasmus program allowed me to spend a semester abroad at the University of Lucerne, Switzerland. I passed the first German state exam in 2020 and finished law school, specializing in capital markets law. Following a year of work at a law firm, I began my doctoral studies on the European regulation of crowdfunding under the supervision of Professor Dr. Moritz Renner at the University of Mannheim. In 2024, I started a two-year legal traineeship program to qualify for the bar exam in Germany. After working for the local court and the public prosecutor’s office in Bonn, the program provided me with the opportunity to work at the Law Library of Congress.

    How would you describe your job to other people?

    In my position as a foreign law intern at the Global Legal Research Directorate of the Law Library of Congress, I assist my supervisor, Jenny Gesley, with delivering legal insights on matters concerning German-speaking countries and the European Union (EU). My responsibilities include conducting thorough legal research and drafting comparative legal analyses in response to inquiries from Congress, judicial bodies, and executive agencies, while also supporting public research efforts. Additionally, I contribute to the Library’s Global Legal Monitor.

    Why did you want to work at the Law Library of Congress?

    Having studied law in both Germany and Switzerland, I gained knowledge in German, European, and international law. My work at the Law Library of Congress presents an invaluable opportunity to broaden my perspective by engaging with the U.S. legal system, while critically assessing national law and EU law from a comparative viewpoint. This experience allows me to deepen my legal understanding and provides meaningful insights into the interplay between different legal frameworks.

    What is the most interesting fact you have learned about the Law Library of Congress?

    One of the most fascinating aspects of the Law Library of Congress is its unparalleled global reach and comprehensive legal collection. It holds the largest collection of legal materials in the world, encompassing legal systems from nearly every country and jurisdiction. This vast resource allows researchers to compare diverse legal traditions and developments, providing a unique platform for understanding how law functions across different cultures and political systems. The ability to access such a breadth of international legal knowledge in one place is truly remarkable.

    What’s something most of your co-workers do not know about you?

    One thing my co-workers may not know about me is that I am a huge fan of U.S. sports. While I am here in Washington, I plan to catch games from all the major teams—the Nationals, Commanders, Capitals, and Wizards!


    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News

  • MIL-OSI USA: $100 Million to Expand Free and Low-Cost Afterschool Programs

    Source: US State of New York

    Governor Kathy Hochul today announced New York State has awarded about $100 million in grants to support free and low-cost afterschool programs serving nearly 40,000 children in high-need areas statewide. State officials from the Office of Children and Family Services (OCFS) also participated in the 25th Annual Lights on Afterschool initiative today by visiting programs in New York City and the Capital Region.

    “Afterschool programs give our kids outlets to explore their creativity, build their skills and thrive in a supportive environment,” Governor Hochul said. “We’re continuing to invest in free and low-cost afterschool programs and expanding access to affordable child care to help young people grow and give families the support they need.”

    The State grants announced today were awarded by OCFS through the Learning and Enrichment Afterschool Program Supports (LEAPS) initiative to help fund new or continuing afterschool programs targeted to children in high-need areas in New York State.

    These LEAPS grants were awarded to a total of 238 afterschool program sites statewide. The full list of awarded sites can be seen here.

    Site Awards by Region
    Region Number of Sites Awarded Funding Awarded
    Capital Region 22 $6,480,000
    Central New York 18 $6,400,000
    Finger Lakes 17 $5,750,000
    Long Island 20 $8,920,000
    Mid-Hudson 22 $12,340,000
    Mohawk Valley 19 $4,960,000
    New York City 74 $38,690,000
    North Country 14 $3,380,000
    Southern Tier 5 $1,530,000
    Western New York 27 $8,450,000

    As a part of the OCFS Commissioner’s participation in the Lights On Afterschool initiative, Dr. DaMiaHarris-Madden visited programs in the Bronx operated by the Committee for Hispanic Children and Families and Good Shepherd Services, while other members of the OCFS leadership team visited the Lansingburgh Boys & Girls Club in Troy. Now in its 25th year, the initiative recognizes the many ways afterschool programs support students by offering educational opportunities and the development of new skills.

    Programs eligible for LEAPS grants included State-licensed school-age child care programs – or organizations interested in becoming a licensed school-age child care provider – that serve children in high-need school districts. Per-site funding amounts were based on each program’s OCFS-licensed capacity. The grants are intended to fund the critical programming and other costs of developing and running the program. Grants are contingent on programs completing all licensing and contract requirements and therefore subject to change.

    The grants announced today are part of Governor Hochul’s continued efforts to make high-quality child care more affordable and accessible. Other recent efforts include expanding access to the State’s Child Care Assistance Program (CCAP). Eligible families can apply online for CCAP, which currently covers free or low-cost child care for 130,000 children statewide. While eligibility is based on multiple factors, including income and family size, many families may qualify for CCAP if their household income is at or below 85 percent of the State Median Income. Currently, 85 percent of the State Median Income for a family of four is approximately $108,000. Under CCAP, most eligible families pay no more than $15 per week for child care.

    OCFS Commissioner Dr. DaMia Harris-Madden said, “We thank Governor Hochul and the afterschool providers across NYS for ensuring that are children have protective and stimulating environments during the challenging hours of 3-6 p.m. Afterschool programs are tried-and-true interventions that keep our kids safe and engaged through a variety of pro-social experiences and positive youth development opportunities to include the arts, academics, sports, and college/career exploration. Structured programming that introduces caring adults also aids in the development of children’s emotional and physical well-being and provides alternatives to unproductive use of leisure time.”

    OCFS Deputy Commissioner for the Division of Child Care Services Nora Yates said, “The new LEAPS funding will provide the high-quality afterschool academic support and enrichment vital to enabling our children and youth to reach their full potential and keep them engaged in healthy, productive activities during out-of-school time. The programs will ensure higher pay rates for staff and also help mitigate the ongoing impacts from the pandemic by expanding students’ access to social and emotional support services as well as other family and community supports.”

    New York State Alliance of Boys and Girls Clubs Executive Director Jackie Negri said, “Governor Hochul’s new streamlined LEAPS initiative demonstrates unprecedented support for community-based afterschool programs across the State and the youth they serve. After-school programs like Boys & Girls Clubs are proven to provide academic support, enrichment and a safe place for New York’s youth. This initiative will increase positive youth development programs and services for more youth and families in high-needs areas statewide.”

    New York State Network for Youth Success Chief Executive Officer Kelly McMahon said, “The NYS Network for Youth Success celebrates the transformative impact of the LEAPS grant, which is expanding access to high-quality afterschool programs across New York. With significant improvements to funding structures, including streamlined processes, added technical assistance and enhanced support per student, LEAPS addresses long-standing challenges and lays a stronger foundation for the future. This moment reinforces our commitment to meeting afterschool needs in every community and underscores the importance of achieving universal afterschool access for all.”

    New York State YMCAs Executive Director Kyle A. Stewart said, “On behalf of the 36 YMCAs and their more than 140 branches across the Empire State, the Alliance of New York State YMCAs was pleased to embrace and promote the LEAPS initiative and applauds Governor Hochul for prioritizing the development of a more streamlined and holistic school-age child care system. YMCAs are proud to serve over 25,000 youth as the largest provider of out-of-school time programs across New York State. Furthermore, the Alliance of New York State YMCAs appreciates our longstanding partnership with OCFS and their efficient LEAPS implementation process. YMCAs are poised to continue serving youth alongside other LEAPS grantees and look forward to continuing to build a robust afterschool system in New York State.”

    Governor Hochul also highlighted that the State is lighting landmarks yellow and blue tonight in recognition of Lights on Afterschool. The following landmarks will be lit yellow and blue:

    • One World Trade Center
    • Governor Mario M. Cuomo Bridge
    • Kosciuszko Bridge
    • The H. Carl McCall SUNY Building
    • State Education Building
    • Alfred E. Smith State Office Building
    • Empire State Plaza
    • State Fairgrounds – Main Gate & Expo Center
    • Niagara Falls
    • The “Franklin D. Roosevelt” Mid-Hudson Bridge
    • Albany International Airport Gateway
    • MTA LIRR – East End Gateway at Penn Station
    • Fairport Lift Bridge over the Erie Canal
    • Moynihan Train Hall
    • Walkway Over the Hudson State Historic Park

    MIL OSI USA News

  • MIL-OSI Security: Mary’s Harbour — Mary’s Harbour RCMP partners with NL Health Services, three new ‘Wind Phones’ constructed

    Source: Royal Canadian Mounted Police

    To mark World Mental Health Day, Mary’s Harbour RCMP, working in partnership with NL Health Services, Labrador Grenfell Zone, recently had three new ‘Wind Phones’ constructed.

    Three new areas, Charlottetown, Port Hope Simpson, and St. Lewis, will now benefit from these ‘Wind Phones’, a local mental health initiative by Corporal Tom Roach of Mary’s Harbour RCMP and Mental Health and Addictions Counsellor Grace Reyes of NL Health Services, Labrador Grenfell Zone.

    Police thank the municipalities of Charlottetown, Port Hope Simpson and St. Lewis for their support of this project.

    The ‘Wind Phone’ is a concept originally developed in Japan to assist people in dealing with grief and other mental health issues. It is an unconnected phone placed in nature that allows people the opportunity to feel that they can speak to their loved ones who have passed on or vocalize their feelings about loss, grief, etc. It is an outlet for people to externalize their emotions and process difficult feelings, in a safe space.

    Mary’s Harbour RCMP encourages anyone who is struggling with their mental health to please reach out for help by calling 811 or contacting any of the following resources – in emergencies, call 911:

    NL Health Services, Labrador Grenfell Zone Mental Health and Addictions Resources:
    https://www.lghealth.ca/mha

    Help Lines and Navigation:
    https://www.lghealth.ca/your-health/programs-and-services/mha/help-lines-and-navigation/

    Bridge the Gapp:

    https://www.bridgethegapp.ca/

    Kids Help Phone – 1-800-668-6868

    NL Health Services, Labrador Grenfell Zone Mental Health Crisis Line – 1-888-737-4668 or 709-737-4668

    Background:

    https://www.rcmp-grc.gc.ca/en/news/2023/marys-harbour-rcmp-and-labrador-grenfell-health-join-forces-local-mental-health-care

    MIL Security OSI

  • MIL-OSI: Tomarket Hits 40M Users, Gearing Up For $TOMA Token Launch

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 24, 2024 (GLOBE NEWSWIRE) — Tomarket, the leading mini-app in the TON ecosystem, has hit a major milestone with 40 million users just four months after launch. This explosive growth comes alongside the announcement of its new token, $TOMA, set to debut during its Token Generation Event (TGE) on October 31. This rapid growth reflects the platform’s appeal and effectiveness in engaging users within the dynamic Web3 space.

    Tomarket is preparing to host its Token Generation Event (TGE) for the new token, $TOMA, on October 31 at 23:59 (GMT+8). To qualify for tokens during the TGE, users must add the tomato emoji and achieve at least bronze level in the Tomarket Level System. This event represents a significant milestone in Tomarket’s ongoing evolution and expansion of its offerings. For more details about the TGE, please refer to Tomarket’s Telegram announcement.

    Since its launch in July, Tomarket has rapidly grown, leveraging the popularity of its tomato drop game to attract a large user base on Telegram. The game offers an engaging way for users to join the TON ecosystem by collecting Tomato points through activities like drops, farming, and referrals. In just five days, Tomarket amassed over 1 million users and has since surged past 40 million, with more than 10 million wallet connections within four months.

    Key to this remarkable growth is Tomarket’s community of over 200 dedicated ambassadors worldwide, who passionately promote the platform while nurturing local connections. Additionally, Tomarket has partnered with Bitget Wallet to drive innovation within the TON ecosystem, providing rewards and gas subsidies to users exploring new features, further fueling its rapid expansion.

    Miles, Core Contributor of Tomarket team, commented, “The TGE is just the beginning. With $TOMA, we’re not just launching a token; we’re creating an integrated ecosystem that puts users first. Our mission is to deliver long-term value through innovative solutions. Backed by Foresight X and Bitget Wallet, we’re ready to experiment and lead the next wave of innovation in the TON ecosystem.”

    About Tomarket

    Tomarket is your all-in-one platform for gaming, earning, and trading on Telegram & TON. No more jumping between different platforms—play games, earn tokens, and trade them all in one place. Tomarket is backed by Foresight X and Bitget Wallet. 

    For more information: Website |  Twitter |  Telegram

    For media inquiries, users can contact media@tomarket.ai

    Contact

    PR team
    media@tomarket.ai

    The MIL Network

  • MIL-OSI Economics: Secretary-General of ASEAN attends the ASEAN Festival of Arts

    Source: ASEAN

    Secretary-General of ASEAN Dr. Kao Kim Hourn this evening attended the ASEAN Festival of Arts held in the historic city of Melaka that brought together cultural troupes from ASEAN Member States and ASEAN Plus Three Partners, as well as Timor-Leste, who put together a dance extravaganza, reflecting the cultural vibrancy and rich heritage of ASEAN.

    The post Secretary-General of ASEAN attends the ASEAN Festival of Arts appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI United Kingdom: City-wide approach proposed to improve walking, wheeling and cycling networks in Sheffield A Long-term investment plan which could see measures such as improved pavements and cycle facilities so that more people can walk and cycle more to local destinations will be discussed by the Council’s Transport, Regeneration and Climate Policy Committee next week. 24 October 2024

    Source: City of Sheffield

    A Long-term investment plan which could see measures such as improved pavements and cycle facilities so that more people can walk and cycle more to local destinations will be discussed by the Council’s Transport, Regeneration and Climate Policy Committee next week.

    The plan will build on the information the Council has gathered about what destinations people want to get to in their local communities and how it can be made easier for them to do so by walking, wheeling and cycling.

    Over the next 6 months the plan will be developed and will include a three-pronged approach: projects currently underway; medium-term projects, looking ahead about 10 years; and a long-term vision of how the desired network will look by around 2045.

    The proposals could include a range of measures such as wider pavements, more pedestrian crossings, measures to reduce vehicle speeds and segregated cycle routes, with current projects such as School Streets continuing as well, in a bid to make Sheffield more accessible for walking, wheeling and cycling and give people more choice about how they travel

    Cllr Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, said: “Sheffield is changing, it’s transforming into a city fit for everyone. Along with the fantastic regeneration of a number of areas, including the Heart of the City, Attercliffe and Castlegate, we want to make it easier, safer and healthier for people to walk or cycle.

    “We have ambitious plans, as part of our Transport Vision, to connect large parts of Sheffield through the improvement of walking and cycling routes, helping us to tackle congestion and give people a genuine choice about how they travel We’ll also be installing new facilities where current ones don’t exist.  Good active travel networks provide connectivity between different areas and a safe, pleasant, accessible environment for people to enjoy together”

    “In our recent outreach we were keen to hear from people who do not usually respond to Council surveys. We were really pleased to reach people and hear views from local neighbourhoods about the barriers they face trying to make short journeys by walking, wheeling and cycling.

    “This feedback is invaluable to us and we will incorporate it and build upon it as we move forward in devising the Investment Plan.”

    Angela Argenzio, Chair of Adult Health and Social Care Policy Committee at Sheffield City Council, said: “By taking the opportunity to lead a more active life it will not only improve people’s health, it will improve air quality too. This work all links into the Fair and Healthy Sheffield Plan, which intends to close the unfair gaps in length and quality of life by prioritising improvements to the health and wellbeing of those who need it the most first. ”

    The investment plan is being progressed in conjunction with a South Yorkshire family of Investment Plans for Sheffield, Rotherham, Barnsley and Doncaster and with a South Yorkshire Active Travel Strategy being developed by the South Yorkshire Mayoral Combined Authority.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Sheffield could see more events hosted in the city and more benefits for local people Sheffield could play host to more major events and events that have a greater impact on the city and its residents, if plans are approved to develop a new city-wide events strategy. 24 October 2024

    Source: City of Sheffield

    Sheffield it already go to Tramlines, one of the UK’s longest running, city-based music festivals

    Sheffield could play host to more major events and events that have a greater impact on the city and its residents, if plans are approved to develop a new city-wide events strategy.

    Sheffield already has an excellent reputation as a city of major events, festivals and conferences.

    The city has played host to some of the UK’s biggest events in recent years, from Women’s Euros 2022 and the Rugby League World Cup, to the 2024 MOBO Awards, and most recently, the third leg of the Tour of Britain. Sheffield was also shortlisted to host the 2023 Eurovision Song Contest in solidarity with Ukraine.

    Alongside successfully bidding for some of the most high-profile and internationally significant events, Sheffield is also home of network of its own home-grown festivals.

    From DocFest, which has been in the city for over 30 years, to Tramlines, one of the UK’s longest running, city-based music festivals. Sheffield is also home of Off the Shelf and No Bounds, which was recently described by the Guardian as ‘dizzingly daring’ and ‘impressive’.

    Earlier this year, a brand-new podcast festival, Crossed Wires, was also launched in the city, attracting talent from across the UK and beyond, to Sheffield.

    The city also has a strong track-record for bidding for and hosting a range of world-leading conferences, including the International Coeliac Disease Symposium and the British Association of Paediatric Surgeons.

    Esther Britten, Deputy Director and Head of Events at UK Sport, said:

    Sheffield has been a supportive partner and host to UK Sport funded major events over the last decade.

    “Their commitment to not only staging the very best events but maximising their impact on the local community has enhanced the city’s reputation through the UK as a recognised host of the very best major international sporting events, we see them as a key host city looking into the future.”

    A new proposal from Sheffield City Council to develop a city-wide major events strategy would seek to take things a step further – attracting more events to the city, better events and by creating a framework to ensure events hosted have a lasting, positive impact on local people, local businesses, communities and the Sheffield economy.

    If given the go ahead, a new major events plan will be developed, aiming to provide a clearer ambition for events in the city and an action plan to transform Sheffield into a recognised destination for home-grown, curated, commissioned, and nomadic events.

    Councillor Martin Smith, Chair of the Economic Development and Skills Committee at Sheffield City Council, said:

    “Events are big business, not just in Sheffield, but across the UK.

    “Not only is the economic impact of events significant for the city, but events help us build our reputation and allow others to see and experience Sheffield on a different scale. Events bring people together, they celebrate our diversity and all of our local communities, helping to make Sheffield the vibrant place it is to live in and visit.  

    “Hosting more events, and more diverse events will help us attract more visitors to the city, generate more income, they will bring investment and help us to grow our economy.”

    The idea behind the proposed plan is to create an approach that helps decision-makers identify the very best and most beneficial events for Sheffield and its people.

    The plan would focus on ensuring events being held in the city are of a real benefit, with things like economic impact, community benefits and ensuring inclusivity and diversity, always considered when bidding for and putting on events.

    It will look to identify opportunities across sport, business and culture and find events that Sheffield is not only a good fit for, but that are also a good fit for Sheffield and the city’s ambitions.

    Councillors will be asked to approve proposals to begin development of the Major Events Plan for Sheffield at an Economic Development and Skills Committee meeting on Thursday 31st of October 2024.

    If agreed, the first phase of development will involve engaging with experts in the field and local partners to help identify future opportunities for Sheffield.

    This will be vital in ensuring the pipeline of events is right for the city and well positioned to attract wider investment.

    You can read the full report on the Sheffield City Council website

    You can watch the full committee meeting at 10am on Thursday 31st of October 2024 via the webcast. 

    MIL OSI United Kingdom