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  • MIL-OSI: Form 8.3 – [KEYWORDS STUDIOS PLC] – 09 10 2024 – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 KEYWORDS STUDIOS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 09 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,368,324 1.6991    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,368,324 1.6991    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 1,110 2438.2p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 10 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 09 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ECKOH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 09 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,954,086 7.2114    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,954,086 7.2114    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ORDINARY SALE 34,325 41.76p
    10p ORDINARY SALE 30,425 41.81p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 10 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Blockgraph Announces Release of Blockgraph OnDemand, a Self-Serve First-Party Data Onboarding Solution

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Blockgraph, a leading privacy-centric identity and data collaboration platform designed to fuel the future of connected TV advertising, today announced the launch of Blockgraph OnDemand, a new self-serve data onboarding solution designed so advertisers of any size can leverage their first-party audience and purchase data with participating media seller and ad tech platform partners. The new offering makes it easy for marketers to quickly and securely execute and measure targeted campaigns across connected TV households as well as attribute purchases to ad exposures. The cost-effective solution offers simple sign up with no upfront fees, ultimately facilitating easy onboarding of first-party data with no intermediaries, delivering efficient, privacy-focused audience-based targeting, measurement, and attribution.

    Due to ongoing signal loss in digital advertising, marketers must find new technology solutions to harness their first-party data in order to effectively target and engage their most relevant audiences. CTV has been an increasingly favored solution for many large and enterprise advertisers, allowing them to use first-party data to connect viewers on multiple screens and devices. However, these targeting methods have until now been difficult for smaller and mid-sized advertisers to execute due to cost and technology limitations.

    “First-party data is an essential asset for marketers seeking to improve campaign performance, particularly those who have relied on cookies and other third-party data sources,” said Jason Manningham, CEO of Blockgraph. “Our new self-serve data onboarding solution democratizes access to first-party data targeting and measurement, ensuring that smart, forward-thinking marketers can run successful campaigns with participating supply and platform partners. With this launch, we are looking forward to taking our business from our first 50 to our next 500 customers by focusing on an underserved and valuable segment of marketers.”

    Blockgraph OnDemand allows advertisers to sign up for free online and securely upload their first-party data through a user-friendly interface. Audience and purchase data can be deterministically matched to select media and platform partners in a privacy-centric manner, enabling relevant ads to be planned, delivered, and measured on a household level. As a result, advertisers using Blockgraph OnDemand can take advantage of a one-step process to execute linear and streaming CTV campaigns as easily as walled garden buys, while also being able to transparently assess performance.

    “We share Blockgraph’s commitment to providing local small and medium-sized businesses with easier access to the tools they need to optimize the outcomes of their advertising campaigns,” said Rob Klippel, Senior Vice President of Product, Technology & Operations at Spectrum Reach, the advertising sales business for Charter Communications, Inc. “The ability to target and measure multiscreen TV campaigns is vital for local advertisers; with Blockgraph OnDemand these capabilities will be expanded and become more accessible to a broader customer base.”

    “Self-serve platforms like Blockgraph OnDemand are important advancements for marketers – empowering agencies like PMG and our customers to confidently leverage their first-party data for converged TV campaigns with precision, control, and ease,” said Mike Treon, Head of CTV and Video at PMG. “By making it easier to match and activate data securely and transparently, Blockgraph OnDemand is removing barriers, so brands of all sizes can scale their CTV strategies in premium environments, directly and flexibly with media partners and their addressable user bases, which is critical for both operational ease and campaign success.”

    About Blockgraph
    Blockgraph is a leading privacy-centric identity and data collaboration platform designed to fuel the future of connected TV advertising. The world’s leading media, technology, and information services companies collaborate with trusted partners using Blockgraph’s privacy-focused platform to create and implement identity-based targeting and measurement solutions for multiscreen advertising. Blockgraph is owned by Charter Communications Inc., Comcast NBCUniversal, and Paramount. For more information, please visit Blockgraph at http://www.blockgraph.co.

    Contact:
    Alexandra Levy
    650-996-5758
    alex@siliconalley-media.com

    The MIL Network –

  • MIL-OSI: Phunware to Participate in Webull Virtual Corporate Connect Webinar

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announces that it will participate in the Webull LIVE! with Corporate Connect: Technology Investment Webinar on Wednesday, October 16, 2024 at 2pm ET. Phunware CEO Mike Snavely will present an overview of the Company and its strategic path forward and then participate in a Q&A session with investors.

       
    Presentation Date: October 16, 2024
    Time: 2pm ET
    Webinar Link: Click here to register
       

    About Phunware
    Leading hospitality brands partner with Phunware to delight their guests with personalized mobile experiences. Phunware’s mobile applications and SDKs leverage patented wayfinding and contextual engagement to guide guests to the right experience at the right time. Hotels, resorts, casinos, and convention centers can integrate their most important business systems to unify the guest journey, boost loyalty, and drive new revenue across their properties.

    https://www.phunware.com/solutions/hospitality/

    Safe Harbor
    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. For example, Phunware is using forward-looking statements when it discusses the proposed offering and the timing and terms of such offering and its intended use of proceeds from such offering should it occur. 

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

    Phunware Media Inquiries: 
    MZ Group, North America
    Joe McGurk, Managing Director
    917-259-6895
    PHUN@mzgroup.us

    Phunware Investor Relations: 
    CORE IR
    516-222-2560
    investorrelations@phunware.com

    The MIL Network –

  • MIL-OSI: American Rebel CEO and American Rebel to be Featured at NHRA FallNationals Pre-Stage Fan Fest October 10 in Waxahachie, Texas

    Source: GlobeNewswire (MIL-OSI)

    CEO Andy Ross to Headline Music Main Stage with American Rebel Light Beer Bus in Attendance

    Nashville, TN, Oct. 10, 2024 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand and the creator of American Rebel Beer (http://www.americanrebelbeer.com), and branded safes, personal security and self-defense products and apparel, today announced the company will be featured at the National Hot Rod Association (“NHRA”) FallNationals Pre-Stage Fan Fest on October 10, 2024 taking place at Railyard Park in Waxahachie, Texas.

    Andy Ross, CEO of American Rebel, is the music headliner at the Pre-Stage Fan Fest, and the American Rebel Light Beer bus will be in attendance for guests. The free event, which begins with food trucks, live music, and activities for the whole family, takes place from 6-9 p.m. at Railyard Park (455 S. College St. Waxahachie, TX 75165). The company also provided American Rebel Light Beer at the previous night’s Champions Dinner.

    “Every year, the Pre-Stage Fan Fest gets bigger and bigger,” said Christie Meyer Johnson, Texas Motorplex co-owner. “We love having so many drivers spend time with the fans before the race starts. Last year, we added the JEGS Allstars participants, and now, we have one of the largest autograph sessions in all motorsports. This year, we have added Andy Ross to the main stage to rock out for all our fans in attendance.”

    The Pre-Stage Fan Fest (https://www.stampedeofspeed.com/event/thursday-jegs-all-stars) is an opportunity for drivers to spend time with the fans before the race starts, with one of the largest autograph sessions in all motorsports. More than 50 NHRA Mission Foods Drag Racing Series stars, including fan-favorites Justin Ashley, Ron Capps, Antron Brown, Texans Steve Torrence and Erica Enders, and Matt and Angie Smith. Reigning 2023 Texas FallNationals champions Matt Hagan, Erica Enders, and Gaige Herrera will be in attendance, as well as local drivers Buddy Hull and Kebin Kinsley.

    “We are thrilled to help kick off the FallNationals for the NHRA and its racing community with an evening of music, food and drinks,” said Andy Ross, Chief Executive Officer of American Rebel. “Our partnership with the NHRA continues to provide strategic opportunities to get our American Rebel Light Beer brand in front of the perfect patriotic fanbase.”

    The Texas NHRA FallNationals at the Texas Motorplex near Dallas is the 18th race on the NHRA Mission Foods Drag Racing Series’ 20-race schedule, and it is the fourth round in the six-race Countdown to the Championship. Tony Stewart Racing (TSR) drivers Tony Stewart (Top Fuel) and Matt Hagan (Funny Car) are both in the Countdown, with 2024 marking Stewart’s first appearance in the NHRA postseason and Hagan’s 13th.

    “To get a win in Texas for the fifth time would be huge. You just obviously want to keep doing well at tracks that treat you well and they (Texas Motorplex) do a really good job promoting the event. We (Leah Pruett and Hagan) have the Champions Dinner on Wednesday night, the Fan Fest on Thursday night that Andy Ross (American Rebel CEO) is going to be singing at. It’s just going to be a great weekend. We have multiple sponsors that will be there with Johnson’s Horsepowered Garage on the car and Andy Ross. It’s going to be a great thing and if we can pull down the fifth win at Texas Motorplex. I think it would be the icing on the cake.”

    About NHRA FallNationals

    The Countdown to the Championship blazes into Texas for the Stampede of Speed week, capped off with the Texas NHRA FallNationals. The Stampede of Speed is a ten-day festival of music, drag racing and amazing fan experiences leading up to the Texas NHRA FallNationals hosted at the historic Texas Motorplex, located just 35 minutes from Dallas and Fort Worth. For more information visit http://www.nhra.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer by its wholly-owned subsidiary American Rebel Beverages, LLC. The Company also designs and produces branded apparel and accessories. To learn more, visit http://www.americanrebel.com and http://www.americanrebelbeer.com. For investor information, visit http://www.americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include continued increase in revenues, actual size of Best Brands, actual sales to be derived from Best Brands, implied or perceived benefits resulting from the Best Brands agreement, actual launch timing and availability of American Rebel Beer in additional markets, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    info@americanrebel.com

    James “Todd” Porter
    American Rebel Beverages, LLC
    tporter@americanrebelbeer.com

    Investor Relations:
    Brian Prenoveau
    MZ North America
    +1 (561) 489-5315
    AREB@mzgroup.us

    Attachment

    The MIL Network –

  • MIL-OSI: Cloudera Expands Industry-Leading Enterprise AI Ecosystem with New Partners

    Source: GlobeNewswire (MIL-OSI)

    New partners Anthropic, Google Cloud, and Snowflake join Cloudera’s AI Ecosystem at EVOLVE24 New York event

    Ecosystem of technology providers makes it easier, more economical, and safer for enterprises to maximize the value of AI initiatives

    SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cloudera, a hybrid platform for data, analytics, and AI, today announced the expansion of its Enterprise AI Ecosystem during its annual data and AI conference, EVOLVE24 New York. This initiative brings together a diverse group of industry-leading AI providers to deliver comprehensive, end-to-end AI solutions for customers that help to maximize the value of AI.

    Large enterprises have special requirements for running AI applications at scale, including:

    • Demonstrating business value that justifies the total cost of ownership within a reasonable timeframe.
    • Adhering to strict security and privacy standards to protect sensitive data and maintain compliance.
    • Maintaining the flexibility to deploy a diverse range of models from a broad selection of vendors in the optimal environment for each use case – where the supporting data often resides.

    At last year’s EVOLVE conference, Cloudera launched the Enterprise AI Ecosystem, with these founding members:

    • NVIDIA who provides full-stack accelerated computing for the development and deployment of AI workloads both in private and public clouds. Cloudera’s recent announcement highlighted the expansion of its Cloudera’s AI Inference Service through the integration of NVIDIA NIM, part of the NVIDIA AI Enterprise software platform, a set of easy-to-use microservices designed for secure, reliable deployment of high-performance AI model inferencing across clouds, data centers and workstations.
    • Amazon Web Services (AWS) with Amazon Bedrock, which allows customers to build and scale generative AI applications with a single API.
    • Pinecone for its leading vector database, which underpins the most common technical AI use cases: Retrieval-Augmented Generation (RAG) and semantic search.

    Over the last year, the Enterprise AI Ecosystem has generated significant inbound interest and a steady flow of requests for Cloudera to build on its existing AI partners and establish new ones. Now Cloudera is proud to introduce its newest set of AI Ecosystem partners at EVOLVE24 New York. They are:

    • Google Cloud: Google Cloud’s Vertex AI Model Garden provides a centralized hub for discovering, customizing, and deploying a diverse range of models. This includes a selection of over 150 first-party, open, and third-party foundation models, including Google’s Gemini, Chirp, Imagen, and more. Google Cloud’s infrastructure also supports Cloudera’s DataHub platform, which serves as the data foundation for building AI applications.

      Additionally, for the first ecosystem collaboration, Cloudera released an Accelerator for Machine Learning Project (AMP) entitled “Summarization with Gemini from Vertex AI” to help customers quickly deploy a summarization use case that takes advantage of the cost effectiveness and performance of Gemini Pro Models accessed from the Vertex AI Model Garden via API.

    • Anthropic: Anthropic’s Claude large language models (LLMs) are ideal for code generation, vision analysis, data insight and text generation use cases. Anthropic’s family of Claude models will allow Cloudera users to balance performance and cost, while their commitment to AI safety research helps to ensure reliable, unbiased, and non-harmful outputs. Cloudera is releasing an AMP entitled “Image Analysis with Anthropic’s Claude LLM” that will significantly reduce the time to develop a production image analysis application. Cloudera is also making Claude its default foundational model for its Cloudera AI Coding Co-pilot.
    • Snowflake: Cloudera and Snowflake, the AI Data Cloud company, are building on their strategic collaboration, also announced at EVOLVE24, with Snowflake’s Arctic Embed models, which excel at SQL generation and offer strong cost-performance ratios. Snowflake’s Iceberg-enabled platform provides interoperability with Cloudera, facilitating the sharing of data to feed AI use cases. Cloudera is actively working on product integrations with Snowflake, which can be read about here.

    “We pioneered the Enterprise AI Ecosystem to cater to the complex and continually evolving enterprise-grade security, privacy, authorization, and LLM demands of major organizations; this involves a complete suite of solutions across accelerated compute, semantic querying, vector embeddings, multi-modal agents, RAG applications, fine-tuning, and frontier models,” stated Abhas Ricky, Chief Strategy Officer at Cloudera. “AI researchers and practitioners have since deployed 400+ cutting-edge AI accelerators (AMPs) and numerous agentic applications supporting high-value use cases such as voice of customer analysis, invoice reconciliation, and underwriting automation. Together we are delivering a fully integrated Enterprise AI platform, built on leading models and knowledge bases, to further production-ready high fidelity solutions delivered with experts by your side.”

    “OCBC has delivered dozens of Gen AI applications into production leveraging Cloudera AI and technologies from The Enterprise AI Ecosystem members,” said Adrien Chenailler, Head of Data Science and AI at OCBC Bank. “Our call center transcription application transcribes thousands of hours of calls daily and has led to a significant reduction in average call handling time. We have reduced the investment in research time of our Relationship Managers with GenAI. We’re delighted that Cloudera continues to expand their Enterprise AI Ecosystem because it delivers proven solution architectures that get us from prototype to production faster.”

    “Our partnership with Cloudera helps organizations extract hidden value in their enterprise data, including complex sources like images,” said Kate Jensen, Head of Growth and Revenue at Anthropic. “The new Image Analysis capability turns visual data from images, charts or graphics into actionable insights, while Claude as the default model for Cloudera AI Coding Assistant, and potential other use cases such as Text to SQL and NLP Co-pilots provides customers with a powerful AI assistant that boosts productivity and uncovers new opportunities in their data. Together, we’re transforming raw data into actionable intelligence, empowering businesses to make smarter decisions faster.”

    “We are thrilled to work with Cloudera to integrate Snowflake’s Arctic Embed models into Cloudera AI Inference powered by NVIDIA’s NIM,” said Baris Gultekin, Head of AI, Snowflake. “This collaboration will empower our joint customers to unlock the full potential of generative AI at scale, driving faster insights, enhanced decision-making, and transformative business outcomes. Together, Snowflake and Cloudera are pushing the boundaries of what’s possible with modern data platforms, providing businesses with the agility and intelligence they need to stay ahead in an increasingly AI-driven world.”

    Cloudera’s existing group of Enterprise AI Ecosystem partners, including NVIDIA and AWS, will also be in the spotlight at EVOLVE24 New York, happening today, October 10.

    Click here to learn more about how Cloudera and its partner ecosystem are making it easier, more economical, and safer for enterprises to maximize the value they get from AI.

    About Cloudera

    Cloudera is a hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact
    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI: Cloudera Partners with Snowflake to Unleash Hybrid Data Management Integration Powered by Iceberg

    Source: GlobeNewswire (MIL-OSI)

    Unveiled at EVOLVE24, the unified platform will reduce total cost of ownership and provide a single source of truth for all enterprise data

    SANTA CLARA, Calif. and NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, today announced an integration with Snowflake, the AI Data Cloud company, to bring enterprises an open, unified hybrid data lakehouse, powered by Apache Iceberg. Now, enterprises can leverage the combination of Cloudera and Snowflake—two best-of-breed tools for ingestion, processing, and consumption of data—for a single source of truth across all data, analytics, and AI workloads.

    Data is a business’s most powerful asset. It drives informed decision-making, provides a competitive advantage, and reveals opportunities for innovation. A 2022 study revealed that 80% of businesses report higher revenue due to real-time data analytics, and 98% report an increase in positive customer sentiment due to leveraging data. However, to fully harness the power of data, businesses need a single, unified source of truth for storing, managing, and governing all enterprise data, regardless of where it resides.

    Cloudera has extended its Open Data Lakehouse interoperability to Snowflake, allowing joint customers seamless access to Cloudera’s Data Lakehouse via its Apache Iceberg REST Catalog. Customers benefit from an optimized data platform powered by Apache Iceberg, which enables them to ingest, prepare, and process their data with best-in-class tools. Also, Snowflake users can now query data stored on Cloudera’s Ozone, an on-premises AWS S3-compatible object storage solution, directly from Snowflake. Customers now have access to all major form factors from one cohesive collaboration, on-premise, and as a platform-as-a-service (PaaS) and software-as-a-service (SaaS).

    In addition to enabling greater interoperability between the two systems, Cloudera customers will experience the ease of Snowflake’s Business Intelligence engine. The Snowflake engine can access data from Cloudera’s Open Data Lakehouse without requiring data duplication or transfer, reducing complexity, streamlining operations, and maintaining data integrity.

    Moreover, this collaboration leads to a reduction in the total cost of ownership of the integrated stack for enterprises. The elimination of data and metadata silos, rationalization of data pipelines, and streamlining of operational efforts are key factors in this cost reduction. These improvements help deliver analytics and AI use cases at scale more efficiently, further enhancing the value proposition for businesses leveraging both Cloudera and Snowflake. This strategic integration not only optimizes analytic workflows but also provides a robust framework for enterprises to drive innovation and gain competitive advantages in their respective markets.

    Additional benefits of this integration include:

    • Managed Iceberg Tables: Iceberg tables enhance data performance and reliability, allowing joint customers to unlock the full potential of their data through better organization, faster queries, and simplified data management, regardless of where the data is stored.
    • Best-of-Breed Engines: Joint customers benefit from top-tier engines to ingest, prepare, and manage their data, enabling seamless management of both artificial intelligence (AI) and business intelligence workloads.
    • Unified Security and Governance: This integration consolidates data security and governance across the entire data lifecycle. Joint customers can apply consistent security measures, track data origin and movement, and manage metadata within a single platform, on-premises or the cloud.

    “By extending our open data lakehouse capabilities through Apache Iceberg to Snowflake, we’re enabling our customers to not only optimize their data workflows but also unlock new opportunities for innovation, efficiency, and growth,” said Abhas Ricky, Chief Strategy Officer of Cloudera. “This will help customers simplify their data architecture, minimize data pipelines, and reduce total cost of ownership of their data estate while reducing security risks. Together, Snowflake and Cloudera are bringing about the next era of data-driven decision-making for every modern organization.”

    “Apache Iceberg is a leading choice for customers who want open standards for data, and Cloudera has been an integral part of the Iceberg project,” said Tarik Dwiek, Head of Technology Alliances at Snowflake. “Our partnership expands what’s possible for customers who choose to standardize on Iceberg tables. We are excited to break down silos and deliver a unified hybrid data cloud experience with multi-function analytics to all of our customers.”

    “Through this collaboration, customers gain access to a unified, robust data management platform that provides a single source of truth for all of their data, whether in the cloud or on-premises,” said Sanjeev Mohan, analyst at SanjMo. “This enables them to streamline and secure their data operations while efficiently analyzing and extracting insights across the entire data lifecycle – from ingestion to AI and analytics. It’s a strategic move from two industry giants to partner in a way that will deliver immediate value to businesses.”

    In addition, reaffirming our commitment to advancing Iceberg adoption, Cloudera is excited to announce the technical preview of Cloudera Lakehouse Optimizer. This new service autonomously optimizes your Iceberg tables, further reducing costs while significantly enhancing the performance of your Lakehouse. To learn more about this technical preview, click here.

    About Cloudera
    Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what seemed impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact
    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI: New Report Reveals: Customer Loyalty at Stake for Financial Institutions Due to Rise in Identity-Based Attacks

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — HYPR, the Identity Assurance Company, today released its spotlight report “When Trust is Hacked: Customer Identity Security in Finance.” This report sheds light on the persistent threat of credential misuse and authentication vulnerabilities plaguing the financial industry, drawing a direct correlation between the escalating cyber-threat landscape and the growing apprehension among today’s banking customers. The report’s findings underscore the devastating impact of identity-related cyberattacks on customer loyalty, revealing a staggering 80% of respondents would likely abandon their financial institution following a data breach.

    HYPR’s latest report draws on comprehensive insights from two surveys, encompassing both financial service organizations and their customers, with a total of 548 respondents. This robust data set provides a unique and multifaceted perspective on the current state of identity security in the financial sector – revealing that current technologies are simply failing. Alarmingly, within the past year alone, 86% of finance organizations have been targeted by identity-related cyberattacks, with 84% falling victim to identity fraud. Additionally:

    • Financial institutions suffered losses of up to $4.57 million in the last year alone, more than double the $2.19 million reported in 2022 – due to insecure authentication methods.
    • Over three-quarters (77%) faced at least one breach due to credential misuse or authentication weaknesses.
    • Organizations observed a multitude of attacks with phishing attacks leading in prevalence (42%), followed by credential stuffing (29%), identity impersonation (28%), and push notification attacks (27%).

    “The financial sector remains a prime target for cybercriminals, and identity processes remain a major weak point. Institutions must proactively adapt their defenses to outpace evolving threats, or risk eroding customer trust and facing significant financial losses. Inaction is not an option,” said Gehan Dabare, newly appointed HYPR Advisor and leader for IAM at companies such as JPMC, Citi, CVS Health. “Gone are the days of blind trust. Today’s consumers are informed and empowered, demanding transparency, cutting-edge technology, and the peace of mind that comes with knowing their finances are secure.”


    The High Stakes Impact on Customers
    Today’s banking customers are demanding more accountability from their financial institutions, rejecting the unquestioning loyalty of previous generations. The consequences are clear with an overwhelming 80% of customers prepared to switch banks following a data breach. This intolerance for security lapses is even more pronounced among younger customers, with 93% of those under 35 ready to close their accounts. In contrast, more than a quarter of customers aged 45 and older would remain loyal after a breach. These findings emphasize a clear shift in customer priorities across all age groups: security, company values, and technological innovation are now paramount when evaluating banking relationships. Of those surveyed:

    A mere 11% of respondents were aware of breaches affecting their banks, while 63% firmly believed their banks were unscathed, and the remaining quarter were uncertain. This highlights a critical gap in communication from financial institutions during breaches, raising concerns about the effectiveness of their disclosures. In terms of authentication protocols and technology, most respondents (95.5%) are aware of passkeys as an available login technology. Armed with this information, 77% of customers would actively favor a bank offering passkeys over one that doesn’t.

    Yet, despite the growing demand for heightened authentication measures, financial institutions are trailing in their offerings of safer methods. Nearly a quarter (22%) of respondents still repurpose passwords across financial accounts, while close to 90% rely on one-time passwords (SMS, email or voice) and 7% rely solely on a password. This demonstrates the need for modernization in the financial sector’s authentication practices, especially as customers become increasingly aware of and demand stronger security measures.

    “It’s a stark paradox: the financial sector invests heavily in cybersecurity yet remains a prime target. The question isn’t how these attacks happen, but why they persist,” states Bojan Simic, CEO and Co-founder of HYPR. “Our research exposes the dual nature of this challenge: the struggle to implement effective technology amidst rapidly evolving AI-driven threats, and the rising tide of customer expectations demanding both robust security and transparent communication. This is a defining moment for financial institutions to adapt or be left behind.”

    About HYPR
    HYPR, the leader in passwordless identity assurance, delivers the industry’s most comprehensive end-to-end identity security for your workforce and customers. By unifying phishing-resistant passwordless authentication, adaptive risk mitigation, and automated identity verification, HYPR ensures secure and seamless user experiences for everyone.

    Trusted by organizations worldwide, including two of the four largest US banks, leading manufacturers, and critical infrastructure companies, HYPR secures some of the most complex and demanding environments globally.

    Media:
    Fabienne Dawson
    fabienne@hypr.com
    917.374.6860

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/215d6253-f76f-4a3d-86cf-139896d58be2

    The MIL Network –

  • MIL-OSI: Avetta Recognized for 2024 New Product of the Year by Occupational Health & Safety

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah and HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Avetta®, the leading provider of supply chain risk management (SCRM) software, has been named the winner of New Product of the Year in the AI category by Occupational Health & Safety for its innovative AskAva™ product. The prestigious award honors noteworthy product development achievements aimed at improving workplace safety.

    Launched earlier this year, AskAva is the industry’s first generative AI-powered risk assistant, accelerating contractor compliance and advancing contractor safety and sustainability.  It is more than just a risk management tool and is proven to reduce workplace incidents, injuries, and fatalities. As part of Avetta’s ongoing commitment to innovation, AskAva adds more capabilities to Avetta’s award-winning Connect platform, which enables global organizations to automate contractor risk management at scale while educating their supply chain vendors about safety best practices.

    “As more and more contractors enter the workforce, it is increasingly important for companies to ensure compliance and safety among all workers,” said Taylor Allis, CPO of Avetta. “AskAva is a one-of-a-kind solution that delivers personalized safety recommendations across the entire supply chain. We are honored to be recognized by Occupational Health & Safety for our efforts to enhance and augment workplace safety.”

    Global organizations can use AskAva to deploy risk assessments to contractors before conducting high-risk work, such as transporting hazardous materials, working around heavy equipment, or working at heights. AskAva’s AI capabilities enable suppliers and clients to quickly identify and add hazards and effective controls to a Job Hazard Analysis (JHA), reducing the time spent researching, reviewing, and documenting potential job hazards. Once on-site, workers enter their prompts, and AskAva generates suggestions on what types of risk practices can be used to avoid an incident.

    Details about the Occupational Health & Safety New Products of the Year Awards and the full list of 2024 winners are available here.

    To learn more about AskAva, visit our website.

    About Avetta

    The Avetta SaaS platform helps clients manage supply chain risk and their suppliers to become more qualified for jobs. For the hiring clients in our network, we offer the world’s largest supply chain risk management network to manage supplier safety, sustainability, worker competency and performance. We perform contractor prequalification and worker competency management across major industries, all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom.

    Media Contact
    avetta@hoffman.com

    The MIL Network –

  • MIL-OSI: Leading Analyst Firm Ranks Tenable #1 for Sixth Consecutive Year in Market Share for Device Vulnerability Management

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 10, 2024 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced that it has been ranked first for 2023 worldwide market share for device vulnerability management in the IDC Worldwide Device Vulnerability Management Market Shares (doc #US51417424, July 2024) report. This is the sixth consecutive year Tenable has been ranked first for market share.

    According to the IDC market share report, Tenable is ranked first in global 2023 market share and revenue. Tenable credits its success to its strategic approach to risk management, which includes a suite of industry-leading exposure management solutions that expose and close security gaps, safeguarding business value, reputation and trust. The Tenable One Exposure Management Platform, the world’s only AI-powered exposure management platform, radically unifies security visibility, insight and action across the modern attack surface – IT, cloud, OT and IoT, web apps and identity systems.

    According to the IDC market share report, “The top 3 device vulnerability management vendors remained the same in 2023 as previous years, with Tenable once again being the top vendor.”

    The report highlighted Tenable’s use of generative AI, noting, “ExposureAI, available as part of the Tenable One platform, provides GenAI-based capabilities that include natural language search queries, attack path and asset exposure summaries, mitigation guidance suggestions, and a bot assistant to ask specific questions about attack path results.”

    Tenable’s latest innovations in the vulnerability management market – Vulnerability Intelligence and Exposure Response – were also highlighted in the report, stating, “Vulnerability Intelligence provides dynamic vulnerability information collected from multiple data sources and vetted by Tenable researchers, while Exposure Response enables security teams to create campaigns based on risk posture trends so remediation progress can be monitored internally.”

    The report also spotlighted the Tenable Assure Partner Program and MDR partnerships, noting, “Tenable has made more of a strategic effort to recruit managed security service providers (SPs) and improve the onboarding experience for them, as well as their customers. Managed detection and response (MDR) providers have been adding proactive exposure management because it helps shrink the customer attack surface, helping them provide better outcomes. Sophos and Coalfire are recently announced partners adding managed exposure management services to their MDR and pen testing services, respectively.”

    “At Tenable, we build products for a cloud-first, platform centric world, meeting customers’ evolving risk management needs,” said Shai Morag, chief product officer, Tenable. “We leverage cutting edge technology, innovating across our portfolio to help customers know, expose and close priority security gaps that put businesses at risk.”

    “The device vulnerability management market is characterized by a focus on broader exposure management, with a number of acquisitions to round out exposure management portfolios,” said Michelle Abraham, senior research director, Security and Trust at IDC. “Vendors are advised to enhance their offerings with additional security signals and automated remediation workflows to stay competitive in this evolving landscape.”

    To read an excerpt of the IDC market share report, visit https://www.tenable.com/analyst-research/idc-worldwide-device-vulnerability-management-market-share-report-2023

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for more than 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    The MIL Network –

  • MIL-OSI: Nasdaq Rises to 5th in RiskTech100 Global Ranking Following Launch of Financial Technology Division

    Source: GlobeNewswire (MIL-OSI)

    Announcement comes ahead of the first anniversary of Nasdaq’s acquisition of Adenza

    Nasdaq also wins two awards for its financial crime management and regulatory reporting technology

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced it has jumped to 5th place in Chartis’ annual RiskTech100® global ranking and has won two awards for its financial crime management and regulatory reporting technology. The news comes less than a year after Nasdaq’s acquisition of Adenza and the establishment of its Financial Technology division. Today, as a scaled platform partner Nasdaq draws on deep industry experience, technology leadership and cloud managed services to help 3,500+ banks, brokers, regulators, central banks, financial infrastructure operators, and buy-side firms solve their most complex operational challenges across risk, compliance, and trade management.

    Chartis’ annual RiskTech100® awards and ranking is widely regarded as the most comprehensive independent study of the world’s major players in risk and compliance technology. In 2023 Nasdaq ranked #18 while Adenza placed #10, with this year’s position reflecting the combined power of its technology offering.

    “This is a remarkable achievement less than one year into the integration,” said Tal Cohen, President of Nasdaq. “The financial services industry faces a series of challenges through increased regulatory scrutiny, ongoing market reforms, and ever more sophisticated financial crime, alongside accelerated technology innovation. Our customers consistently tell us that they value the opportunity to partner with brands that they trust, that are highly regulated themselves and can offer insight and expertise beyond the platforms they provide. We welcome the opportunity to support our clients at such a pivotal moment for the industry, and I’m proud to see our achievements recognized by Chartis.”

    Sid Dash, Chief Researcher at Chartis Research, added: “Nasdaq’s acquisitions, individually and collectively, provide comprehensive coverage of the transaction lifecycle, and are appropriately supported with a strong technology and service framework. Indeed, the breadth of its capabilities has moved it into the top five in the risk technology space.”

    A comprehensive portfolio of mission-critical technology

    Nasdaq’s Capital Markets Technology is deeply embedded into client workflows and serves as the backbone of the capital market operations it underpins, serving as one of the world’s largest market infrastructure technology providers to more than 130 financial market operators globally, including over half of the world’s largest exchanges. In addition, Nasdaq Calypso is a truly global front-to-back trade management, multi-asset class platform – spanning trading, clearing, risk management and post-trade processing – with particular strength in OTC products.

    Nasdaq’s Regulatory Technology solutions play a critical role in protecting trust and integrity across the global financial system, helping clients efficiently and effectively comply with an extensive range of regulatory requirements in an increasingly complex and rapidly evolving environment.

    Nasdaq AxiomSL is a comprehensive regulatory reporting and compliance platform, helping clients comply with requirements across 55 countries and 110 regulators. Nasdaq’s market and trade surveillance technology helps firms detect and prevent market abuse across an extensive network of regulators, exchanges, digital assets marketplaces and market participants. Its cloud-based anti-financial crime technology, Nasdaq Verafin, integrates, resolves, and enriches data from hundreds of data sources and thousands of institutions representing more than $9 trillion in collective assets, to help firms more effectively detect fraud and combat criminal activity.

    With Nasdaq’s technology used by 97% of global systematically important banks, half of the world’s top 25 stock exchanges, 35 central banks and regulatory authorities, it touches a significant portion of the global financial system daily.

    Nasdaq’s ranking also included an assessment of their Nasdaq Boardvantage® board management software, Nasdaq Metrio™ sustainability reporting platform, and Sustainable Lens™ ESG AI Research and Benchmarking solution. More details on the products and services can be found here.

    Nasdaq wins two awards for financial crime and regulatory reporting technology

    Alongside the RiskTech100 ranking, Chartis announced Nasdaq has won two industry awards for Managed Services: Financial Crime and Regulatory Reporting: Markets and Securities.

    The award for Managed Services: Financial Crime recognizes Nasdaq Verafin’s leadership in financial crime management, emphasizing its comprehensive suite of anti-money laundering and fraud detection solutions for a large client base. Its unified platform combines financial crime solutions into one service, with scalable architecture serving a broad range of banks.

    The Regulatory Reporting: Markets and Securities award highlights Nasdaq’s leadership in regulatory reporting through AxiomSL, noting its extensive multi-jurisdictional, multi-market reporting, and expertise in adapting to complex regulatory requirements.

    About Nasdaq

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

    Nasdaq Media Contact: 
    Andrew Hughes 
    +44 (0)7443 100896 
    Andrew.Hughes@nasdaq.com  

    -NDAQG-

    Cautionary Note Regarding Forward-Looking Statements:  

    Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s Financial Technology solutions. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at http://www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.  

    The MIL Network –

  • MIL-OSI New Zealand: Whangārei Police deal blow to core group of offenders

    Source: New Zealand Police (District News)

    Police have made further arrests over a recent spate of offending across the Kaipara and Whangārei regions.

    Four recent arrests will see offenders held to account over the majority of recent aggravated robberies and burglaries at various businesses.

    Combined efforts between frontline staff and the Tactical Crime Unit have resulted in dozens of charges being laid, Area Commander Inspector Maria Nordstrom says.

    “Late on Saturday night, frontline staff stopped a vehicle a Te Kamo petrol station forecourt which was sought in connection with an earlier road rage incident in Auckland.

    “The occupants were arrested without further incident and a firearm was located following a search of the vehicle.”

    A 17-year-old in the vehicle was sought in connection with an aggravated robbery at an Otaika dairy in early July.

    He will face the Whangārei Youth Court for that offence, as well as charges for unlawful possession of a firearm and ammunition.

    “The Tactical Crime Unit has also charged him over numerous burglaries and theft of motor vehicles across the region between late June and July,” Inspector Nordstrom says.

    This follows an arrest made by local Dargaville staff days earlier of a prolific offender.

    Inspector Nordstrom says the 44-year-old man is allegedly responsible for some 20 offences across the Dargaville and Whangārei areas over the past month.

    “Our staff located a stolen vehicle travelling near Tangowahine, and later arrested the man.

    “He’s since had an initial appearance in the Whangārei District Court on burglary charges where he allegedly targeted clothing, food and jewellery.”

    Police successfully opposed the man’s bail, and he has been held in custody until next appearance on 21 October.

    “Dargaville staff have been working incredibly hard in investigating these offences, and it was a great result for the community that he is remanded in custody.”

    Late last month Police also caught up with a 15-year-old male who had also committed offending alongside another youth, who was arrested in late August.

    Police colleagues in Hutt Valley spoke with the male, and he has since been referred to Youth Aid over a series of aggravated robberies and burglaries.

    “I acknowledge the dedication of our staff working right across this region, who have diligently been piecing together the offences leading to arrests,” Inspector Nordstrom says.

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI: Sky Quarry to Begin Trading Publicly on NASDAQ

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, Oct. 10, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry,” “SQI,” or the “Company”), an oil production, refining, and development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils, announced that its common stock will begin trading on the NASDAQ Capital Market today, October 10, 2024, at approximately 11:00am EST under the ticker symbol “SKYQ”.

    On October 9, 2024, Sky Quarry announced it closed a Public Offering of $6,708,030 through the sale of 1,118,005 shares of its Common Stock priced at $6.00 per share.

    Digital Offering, LLC, acted as the lead managing selling agent. Clyde Snow & Sessions, PC acted as counsel to Sky Quarry and Bevilacqua PLLC acted as counsel for the managing selling agent.

    For more information and additional investor materials, please visit the Company’s investor relations website here.

    About Sky Quarry Inc.

    Sky Quarry Inc. and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit http://www.skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    http://www.mzgroup.us

    Company Website

    https://investor.skyquarry.com/

    The MIL Network –

  • MIL-OSI: DTE Energy schedules third quarter 2024 earnings release, conference call

    Source: GlobeNewswire (MIL-OSI)

    Detroit, Oct. 10, 2024 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) will announce its third quarter 2024 earnings before the market opens Thursday, October 24, 2024.

    The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day.

    Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial-in number is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/investors.

    About DTE Energy 

    DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy. 

    For further information, analysts may call:
    Matt Krupinski, DTE Energy: 313.235.6649
    John Dermody, DTE Energy: 313.235.8750

    The MIL Network –

  • MIL-OSI New Zealand: Govt broadly accepts Royal Commission findings

    Source: New Zealand Government

    The Government has broadly accepted the findings of the Royal Commission of Inquiry into Abuse in Care whilst continuing to consider and respond to its recommendations.

    “It is clear the Crown utterly failed thousands of brave New Zealanders. As a society and as the State we should have done better. This Government is determined to do better,” Lead Coordination Minister Erica Stanford says.

    “We broadly accept the findings of the report. Further work is required to respond to those findings that are legal in nature. In the meantime, we are focused on delivering a considered and comprehensive response to the recommendations.”

    The Government is currently working through the 138 recommendations and the 95 recommendations from the 2021 interim report on redress. 

    “Since the tabling of Whanaketia on 24 July, we acknowledged some children and young people experienced torture at the Lake Alice Unit and set up urgent financial assistance to those survivors who are terminally ill.

    “A Crown Response Office has also been established to drive the Government’s ongoing response and the Prime Minister will publicly apologise to abuse in care survivors in Parliament on 12 November,” Ms Stanford says.

    “The abuse perpetuated on survivors for decades is a debt that can never be repaid. I acknowledge the Royal Commission process has spanned six years and survivors would like to see action. The recommendations are complex and it’s important they are considered carefully and respectfully.”

    MIL OSI New Zealand News –

  • MIL-OSI: YY Group Holdings Limited Successfully Regains NASDAQ Compliance

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 10, 2024 (GLOBE NEWSWIRE) — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”, “YYGH”, or the “Company”), is pleased to announce that the company has regained compliance with NASDAQ’s Minimum Bid Price Rule, maintaining a consistent stock price above $1.00 for more than 12 consecutive business days.

    This achievement marks a key milestone in YYGH’s continued growth and recovery, after experiencing a low of $0.71 two months ago. The stock has risen by over 70%, to reach a peak at $1.295, averaging at $1.20 for the past 2 weeks, representing a significant improvement over the past 60 days. This growth highlights the market’s renewed confidence in the Company’s vision and the strength of its business model.

    Investor Support Key to Recovery

    The Company attributes this success to the unwavering support of its investors. In a market characterized by volatility, YYGH’s ability to stabilize and grow its stock price would not have been possible without the trust and confidence of its shareholders. The Company’s leadership recognizes the importance of its investor relationships and is committed to delivering long-term value through strategic initiatives and operational excellence.

    Chief Executive Officer and Executive Director, Mike Fu, expressed his gratitude, stating: “We are incredibly grateful for the support of our investors during this crucial time. Their confidence in YY Group’s future has been a vital component of our ability to regain compliance with NASDAQ’s standards. As we look ahead, our commitment to innovation, excellence, and shareholder value remains stronger than ever.”

    Looking Ahead

    As part of its forward strategy, YYGH is dedicated to driving sustainable growth by leveraging technological advancements and exploring opportunities in new markets. The recent expansions into the UAE have resulted in positive outcomes with contracts signed with 5-star hotels such as Sofitel Al Hamra and DoubleTree by Hilton. Excitedly, the company has also expanded into the European market, with the United Kingdom as its first point of entry.

    About YY Holdings Limited:
    YY Group Holding Limited is a Singapore-based data and technology-driven company that specializes in creating enterprise intelligent labor matching services and smart cleaning solutions. Rooted in innovation and a commitment to user-centric experiences, YY Circle leverages app-based technology to optimize the labor sourcing market and the Internet of Things to revolutionize the cleaning industry.

    For more information on the Company, please log on to https://yygroupholding.com/.

    Investor Contact:
    Phua Zhi Yong, Chief Financial Officer
    YY Group
    Enquiries@yygroupholding.com

    The MIL Network –

  • MIL-OSI: Ormat Technologies Inc. Secures Land Parcels in Nevada’s BLM Auction to Advance Future Geothermal Development

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced it has successfully secured multiple land parcels in Nevada’s Annual Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat’s ongoing exploration and expansion efforts in the state, further strengthening the company’s commitment to advancing renewable energy solutions and meeting Nevada’s increasing demand for sustainable energy.

    The newly leased parcels hold substantial potential for geothermal energy production including a new greenfield prospect, an expansion opportunity for an existing operational asset, and several additional parcels that will enhance Ormat’s land position on an existing greenfield prospect.

    “We believe the parcels we successfully won have a high success rate that will support our growth in the U.S.,” said Doron Blachar, CEO of Ormat Technologies Inc. “Our team is dedicated to exploring and developing these resources to their fullest potential, providing reliable and eco-friendly energy to the people of Nevada.”

    By leveraging nearly 60 years of advanced technologies and industry expertise, Ormat is an industry leader in geothermal energy production and environmental stewardship.

    ABOUT ORMAT TECHNOLOGIES

    With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,420MW with a 1,230MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 190MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives.  Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Alec Steinberg or Joseph Caminiti
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

  • MIL-OSI Russia: Financial news: 10.10.2024, 10-31 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A105666 (Sber Sb40R) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10.10.2024 10:31

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10.10.2024, 10-31 (Moscow time), the values of the upper limit of the price corridor (up to 105.7) and the range of market risk assessment (up to 1132.96 rubles, equivalent to a rate of 9.38%) of the security RU000A105666 (Sber Sb40R) were changed

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

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

    https://www.moex.com/n73882

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10.10.2024, 10-44 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JVYG8 (ROSEXIMB1) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10.10.2024 10:44

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10.10.2024, 10-44 (Moscow time), the values of the upper limit of the price corridor (up to 101.83) and the range of market risk assessment (up to 1126.21 rubles, equivalent to a rate of 10.0%) of the security RU000A0JVYG8 (ROSEXIMB1) were changed

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

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

    https://www.moex.com/n73884

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10.10.2024, 12-08 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JW6P7 (VEB PBO1R1) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10.10.2024 12:08

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10.10.2024, 12-08 (Moscow time), the values of the upper limit of the price corridor (up to 102.35) and the range of market risk assessment (up to 1140.26 rubles, equivalent to a rate of 9.38%) of the security RU000A0JW6P7 (VEB PBO1R1) were changed

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

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

    https://www.moex.com/n73886

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: The autumn cycle of webinars “Fintrek” for students and teachers will begin on October 23

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    In the new season, participants will have 5 webinars with representatives of the Bank of Russia and financial market experts. “Fintrek” is a unique opportunity to learn first-hand why inflation occurs, what generative artificial intelligence is, who are drops and what should a person do who is involved in droppering. They will also tell you where to start your career path and how to achieve success. The topics were selected taking into account the feedback from participants of the last season of “Fintrek”.

    Alexander Auzan, Dean of the Faculty of Economics at Lomonosov Moscow State University, speaker of the 2023 Fintrek fall season, notes: “The financial market is a puzzle of a thousand pieces that can only be assembled by understanding how these pieces are interconnected. The Fintrek webinar series will help students discover these connections with the help of experts who see every detail from the inside, find common ground between them, and assemble them into a single picture.”

    Classes will be held on Wednesdays at 10:00 Moscow time. It is no longer necessary to adjust your plans to the webinar schedule – the recordings will be posted on the Fintrek platform, and you can watch them at any convenient time. You only need to register onproject website.

    Every week, registered participants will be given away a prize of branded merch.

    Upon completion of the classes, students will be able to receive a personal certificate, which will be useful for a personal portfolio. To do this, you need to pass the entrance test until October 23 inclusive, watch all the webinars and successfully pass the final test.

    The autumn season will last until November 20. All information will be posted in the project community VKontakteAndtelegram channelHere you can also send a question to the speakers and receive an answer.

    Students from 1,500 universities from 89 regions of Russia took part in the last season of Fintrek, which took place in the spring of 2024. The most popular topics were “Investment Trends 2024”, “Loans and Installments”.

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

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

    http://vvv.kbr.ru/press/event/?id=21072

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Three Federal Treasury deposit auctions will take place on 11.10.2024

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 22024518
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 670,000
    Placement period, in days 4
    Date of deposit 10/11/2024
    Refund date 10/15/2024
    Interest rate for placement of funds (fixed or floating) FIXED
    Minimum fixed interest rate for placement of funds, % per annum 18.14
    Basic floating interest rate for placement of funds –
    Minimum spread, % per annum –
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Pre-applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 10:00 to 11:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 11:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 22024519
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 30,000
    Placement period, in days 91
    Date of deposit 10/14/2024
    Refund date 01/13/2025
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 15:30 to 15:40
    Preliminary applications: from 15:30 to 15:35
    Applications in competition mode: from 15:35 to 15:40
    Formation of a consolidated register of applications: from 15:40 to 15:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 15:40 to 16:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 16:00 to 17:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 16:00 to 17:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 32024021
    Deposit currency rubles
    Type of funds funds of the Social Fund of Russia (ROPS)
    Maximum amount of funds placed in bank deposits, million monetary units 3 300
    Placement period, in days 66
    Date of deposit 10/11/2024
    Refund date 12/16/2024
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Special
    Minimum amount of funds placed for one application, million monetary units 1
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:30 to 12:40
    Pre-applications: from 12:30 to 12:35
    Applications in competition mode: from 12:35 to 12:40
    Formation of a consolidated register of applications: from 12:40 to 12:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:40 to 13:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 13:00 to 14:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 13:00 to 14:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Contact information for media 7 (495) 363-3232PR@moex.com

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

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

    https://www.moex.com/n73897

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Bank of Russia lifts PSC limit on mortgages until March 31, 2025 (10.10.2024)

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    The Board of Directors of the Bank of Russia adopted solution from October 10, 2024 to March 31, 2025, there will be no restrictions for credit institutions total cost of credit (TCC) for mortgage consumer loans for the purchase (construction) of housing or land.

    This decision will allow banks to reflect in mortgage rates the latest changes in the situation in the main segments of the financial market, including those that have developed under the influence of decisions on the key rate, without the risk of violating the requirements of the law on the maximum level of the APR. Thus, the possibility of obtaining mortgage loans by borrowers will remain – albeit at higher rates, but without an additional increase in the cost of housing.

    The risks of increasing the debt burden of mortgage borrowers will be limited by the macroprudential surcharges already in effect.

    To enable mortgage lenders to better adapt to changing market conditions, the Bank of Russia is considering the possibility of permanently lifting the limit on the APR in mortgages.

    For other products of credit institutions and all loans of microfinance institutions, credit consumer cooperatives (including agricultural ones) and pawnshops, the limitation of the APR remains.

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

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

    http://vvv.kbr.ru/press/PR/?file=63864183471356979shBANK_SECTOR.htm

    MIL OSI Russia News –

  • MIL-OSI Security: Defense News: Secretary of the Navy Del Toro Champions Small Business Partnerships at San Francisco Fleet Week

    Source: United States Navy

    SAN FRANCISCO, CA – October 10, 2024 – Secretary of the Navy Carlos Del Toro addressed a gathering of small business leaders during San Francisco Fleet Week, emphasizing the vital role they play in supporting the U.S. Navy and Marine Corps today.

    The event, titled “Breaking Barriers: A Department of the Navy & SBA Partnership for Small Business Success,” was held at the San Francisco SBA Business Office and brought together representatives from the San Francisco Chamber of Commerce, regional APEX Accelerators, the National Defense Industrial Association, and other key stakeholders.

    Secretary Del Toro highlighted the Department of the Navy’s commitment to small business partnerships, noting that contracts worth $526 million have been awarded to small businesses located within 50 miles of San Francisco. He cited examples of successful collaborations, such as a $2.89 million contract with Atomic, a Pleasanton-based small business, for the development of advanced tactical atomic clocks, and a $451,000 contract with Arize AI, a Berkeley-based small business, for AI machine learning technology to enhance underwater threat detection.

    “From my vantage point as Secretary of the Navy, a healthy, diverse industrial base made up of companies of all sizes—founded by American entrepreneurs from all walks of life—is absolutely crucial to the success of our Navy and our Marine Corps,” said Secretary Del Toro.

    The Secretary underscored the importance of small businesses in providing critical capabilities and services to support Sailors, Marines, and civilians stationed around the globe. He emphasized the need for innovation and technological advancements in areas such as artificial intelligence, machine learning, cybersecurity, and unmanned systems to maintain the Navy’s maritime dominance.

    “We—along with our international partners and allies—are facing challenges across the globe,” said the Secretary. “Addressing these threats requires a whole-of-nation commitment to ensuring we have a strong Navy and Marine Corps that can defend our interests on a global scale.”

    The Secretary’s remarks were followed by a small business roundtable discussion, where he engaged with entrepreneurs and industry leaders to discuss opportunities for collaboration and address the unique needs of small businesses in the defense sector. He encouraged businesses to connect with the Department of the Navy’s Office of Small Business Programs (OSBP) for guidance and support in navigating the federal procurement process.

    In the evening, Secretary Del Toro attended the “Honor Our Fallen” concert at the Herbst Theater in the San Francisco War Memorial Building. The concert, hosted by The Center for Humanitarian Assistance, featured a performance by the U.S. Marine Corps 1st Marine Division Band and honored the fallen service men and women of the Afghanistan and Iraq conflicts. A private reception followed to thank attending Gold Star families.

    About the U.S. Department of the Navy Office of Small Business Programs:

    The U.S. Department of the Navy Office of Small Business Programs maximizes opportunities for small businesses in Navy contracts, ensuring they are integrated into the Navy’s acquisition process.

    (https://www.secnav.navy.mil/smallbusiness)

    MIL Security OSI –

  • MIL-OSI Security: Defense News: Readout of Chief of Naval Operations Adm. Lisa Franchetti’s Meeting with Chief of the Royal Danish Navy Rear Adm. Henrik Ryberg

    Source: United States Navy

    VENICE, Italy – Chief of Naval Operations Adm. Lisa Franchetti met Admiral Danish Fleet Rear Adm. Henrik Ryberg for a formal bilateral engagement during the 14th Trans-Regional Seapower Symposium in Venice, Italy, today.

    During the meeting the leaders expressed their shared commitment to maritime security in the High North, Baltic Sea, Red Sea, and Atlantic region. They discussed future opportunities to strengthen their naval partnership and increase interoperability with an emphasis on anti-submarine warfare.

    Franchetti thanked Ryberg for the Royal Danish Navy’s support to recent U.S. Navy submarine and destroyer visits to ports within the Kingdom of Denmark, as well as Royal Danish Navy participation in multilateral exercises, including Steadfast Defender.   

    The CNO also discussed her recently-released strategic guidance: the Navigation Plan for America’s Warfighting Navy, specifically stressing capability development for long-term advantage and the integrated warfighting ecosystem. The leaders noted the importance exchange opportunities to train together in the future.

    The U.S. and Denmark are founding members of NATO, and the alliance between the two nations is critical to the security and stability in Europe and across the globe.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Press release: Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

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

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

    • Thousands of jobs in energy sector to be created across the UK up to £24 billion worth of investment secured ahead of International Investment Summit.
    • Boost for clean energy industries demonstrates vote of confidence in UK and government’s growth mission.
    • Comes as Prime Minister puts investment and growth at heart of first Council of Nations and Regions meeting in Scotland today.

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.        

    The investments confirmed by private investors today will deliver growth in the clean energy sector across our nations and regions, from Yorkshire to Suffolk and Aberdeen to Stow, representing a huge vote of confidence in the UK and long-term growth.       

    Driven by the government’s clear path to growth creating the conditions for businesses to thrive, the billions worth of investments from leading companies include Iberdrola – one of the biggest energy companies in Europe – doubling their investment in the UK, Orsted unlocking £8bn and GreenVolt £2.5bn of investment in offshore wind farms, and SeAh Wind UK announcing a £225 million expansion of their investment in the North East to build a state-of-the-art wind technology manufacturing facility in Teesside, solidifying the UK’s position as a world leader in the wind power industry.   

    In only 100 days, the government has overturned the nine-year onshore wind ban in 72 hours, consented more solar than ever before, secured the most successful renewable auction round in history, and launched Great British Energy.     

    Prime Minister Keir Starmer said:    

    Today’s investments are a huge vote of confidence in this government and our relentless focus to drive growth across the UK.

    Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.

    Today I’m convening the first ever Council of Nations and Regions, because it is when we work together in the spirit of genuine partnership, that we can deliver the real change people want to see and improve opportunities for all.  

    Iberdrola Executive Chairman Ignacio Galán said:    

    After having invested more than £30bn in the last 15 years, the clear policy direction, stable regulatory frameworks and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24bn.

    This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero. The benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are shared ambitions of the UK and Iberdrola.

    The investments demonstrate further progress on the government’s clean energy mission and a major boost to the UK economy three days before the first International Investment Summit on 14 October, which will gather UK leaders, high-profile investors and businesses from across the world to deepen our partnership to drive investment and growth.    

    It also comes as the Prime Minister today convenes the first Council of the Nations and Regions, delivering on a manifesto promise to rewire the way UK Government operates. Focussed on investment and growth, the Council will see First Ministers and Deputy First Minister from the Devolved Governments come together with regional mayors to collaborate and seize opportunities to secure long-term investment and boost growth. The agenda, agreed with attendees, includes discussion on how to boost growth and inward investment across the UK, including through an industrial strategy and the Investment Summit.    

    The Prime Minister will also hold bilateral meetings and a joint meeting with the Devolved Government First Ministers and Deputy First Minister focussed on supporting intergovernmental relations as we continue to reset our relationship and work together to deliver for people across the UK.     

    Today’s investments include:    

    • Iberdrola doubling their investment in the UK, through Scottish Power, from £12bn to £24bn over the next 4 years, which includes £4bn for the East Anglia 2 wind farm off the Suffolk coast which was unlocked by this Government’s expanded allocation at the most recent wind auction round. Iberdrola Executive Chairman Ignacio Galan has also today confirmed that the UK has become their largest Investment destination.
    • Orsted and Greenvolt confirming that the Government’s recent expanded offshore wind auction means their projects will unlock £8bn (Orsted) and £2.5bn (Greenvolt) of investment respectively in their planned offshore wind farms. Orsted says its commitment will see thousands of jobs for local people, while Greenvolt says it will create up to 2800 construction jobs.
    • SeAH Wind has made an additional £225 million investment into wind technology manufacturing in Teesside, thanks to new backing from UK Export Finance, which expects to create 750 direct jobs by 2027. This brings their total investment into the site at Teesworks up to £900 million and will help them make their ongoing factory build – one of the biggest facilities of its kind worldwide – even bigger.
    • Macquarie supporting investment of £1.3bn into new green infrastructure including its Island Green Power solar farm in Stow, as a result of planning consents having been granted by the Government, and its Roadchef portfolio company installing electric car ultra-fast charging points across its sites along the UK motorway network.
    • BW Group proceeding with a £300m investment into a new battery energy storage project in Birmingham.
    • Holtec, a major US advanced nuclear engineering company, has confirmed a significant investment of £325 million in a new factory in South Yorkshire which will supply materials for Hinkley Point C and likely Sizewell C power stations. They say this will create up to 490 direct and 280 indirect jobs annually during the construction phase and 1,200 direct engineering jobs created over 20 years.     

    Mads Nipper, CEO of Ørsted A/S said:    

    The reason we are investing in the UK is that alongside the targets for clean energy, we also see the commitment to creating the policy frameworks required to deliver those targets and a government who wants to work with businesses to enable the investments required.

    Lord Nicol Stephen, Chief Executive of Flotation Energy said:  

    Green Volt is a trailblazing, multibillion pound floating offshore wind project which will kickstart jobs and investment by companies right across the UK offshore supply chain. The choice of our HQ in Aberdeen is clear evidence of our strong commitment to support local jobs and businesses wherever possible.

    Chris Sohn, Chief Executive of SeAH Wind, said:    

    With the proactive support of UKEF, our project is progressing smoothly. As we approach the completion of the factory construction, we are committed to ensuring its successful finalization. We aim to become the first monopile manufacturing company in the UK and make a significant contribution to the UK economy.

    Andreas Sohmen-Pao, Chairman of BW Group, said:     

    BW Group is delighted to announce that its subsidiary BW ESS intends to shortly begin construction on two large battery projects in the Midlands – Hams Hall and Berkswell – with a combined capacity of 600 MW. These projects represent a major step forward in enhancing the UK’s energy infrastructure and supporting the transition to renewables.

    I am encouraged by the UK government’s commitment to the clean energy transition and our announcement today highlights BW Group’s commitment to strengthening our presence in the UK and contributing to the growth of the clean energy sector.

    Shemara Wikramanayake, Chief Executive Officer of Macquarie Group, said:   

    We believe that infrastructure investment helps create strong foundations for economic growth, job creation, better services for the public and stronger communities. We are fully invested in the UK’s success and look forward to playing our part in delivering the investment the country needs.

    Dr Rick Springman, Holtec’s President of Global Clean Energy Opportunities, said:   

    Holtec has been part of the UK’s nuclear fabric for over 30 years. We recognise the UK’s long-term commitment to nuclear energy to drive forward government missions on clean energy and economic growth.

    Our planned advanced manufacturing factory in South Yorkshire will bring thousands of skilled, highly-paid engineering jobs to the region while supporting tens of thousands more in the UK’s wider manufacturing supply chains.

    The potential size of the prize of this investment is significant. Depending on future SMR order books it could open up a £30bn export market over ten years adding billions of pounds to the UK economy. Over the coming months Holtec will be finalising its full factory plans and designs based on its UK and international order book.

    This follows the announcement earlier this week that up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead confirms a major £500 million investment to decarbonise its fleet including. This includes creating a new dedicated manufacturing line and partnership with Northern Ireland-based UK bus manufacturer Wrightbus.    

    Yesterday, the Department for Energy Security & Net Zero gave the green light for a new scheme to help unlock billions in investment in energy storage infrastructure. This could see the first significant long duration energy storage facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.    

    And it also builds on the Government confirming funding to launch the UK’s first carbon capture sites in Teesside and Merseyside. Two new carbon capture and CCUS enabled hydrogen projects will create 4,000 new jobs, in a boost for the economy and British industry, helping remove over 8.5 million tonnes of carbon emissions each year – the equivalent of taking around 4 million cars off the road.

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Security: Defense News: CNO Strengthens Partnerships at 14th Trans-Regional Seapower Symposium

    Source: United States Navy

    VENICE, Italy – Chief of Naval Operations, Adm. Lisa Franchetti, attended the 14th Trans-Regional Seapower Symposium (TRSS) in Venice, Italy, Oct. 8-10, 2024.

    This year’s TRSS brought together Heads of Navy and Coast Guard from 67 countries with experts and professionals from around the world to discuss critical maritime issues and foster collaboration. The symposium, themed “A Spotlight on the Depths: the Underwater as a New Frontier for Humankind,” aimed to address the growing importance of the underwater through panel discussions, presentations, and interactive sessions that allowed participants to explore innovative approaches and strategies for maritime cooperation.

    “It is great to be here among friends who are united by our shared values, our shared commitment, and our shared stake in the continued stability, security, and prosperity of the entire global maritime commons, especially in the undersea domain,” said Franchetti.  “We’ve all scanned the horizon and see the forces that are threatening to make the world more unstable and more dangerous. And we’ve witnessed the vulnerabilities of our critical undersea infrastructure, like gas pipelines, fiber optic cables, which are so critical to our economies, our shared security, our prosperity, and our peoples’ way of everyday life.”

    During the symposium, Franchetti participated in a panel titled “Safeguarding the Underwater: New Solutions and Technologies for new Challenges,” where she discussed how U.S. Navy is leveraging modern technology, like robotic autonomous systems, underwater command and control networks, and sensing and detection systems; is integrating these systems into the fleet and adopting the new technology, getting the innovation into the hands of Sailors as quickly as possible; and building relationships and having conversations with Allies and partners.

    “Integrating robotic and autonomous systems into the daily business of our operations is a critical part of my recently released Navigation Plan for America’s War Fighting Navy,” said Franchetti.  “It’s one of my seven Project 33 targets, areas where I will invest my personal time and my resources, where I’m going to put my thumb on the scale to raise the baseline level of readiness of the American Navy in the fastest time possible.”

    She went on to say, “we are continuing to closely collaborate with you, all of our allies and partners, and your respective innovation bases to advance our capabilities in the undersea domain.  And I see us doing this together as part of a broader warfighting ecosystem.  It’s another component in my Navigation Plan, which is fundamental to my vision of how we will deter and, if necessary, fight and win future wars.”

    While at the symposium Franchetti also held bilateral engagement with her counterparts from Denmark, Germany, Greece, Italy, Nigeria, Portugal, Romania, Spain, and Sweden; and conducted over 40 meaningful discussions with TRSS Head of Navy participants about the importance of increasing interoperability with Allies and partners.

    Franchetti also conducted her second trilateral meeting with her Australian and United Kingdom counterparts as part of the AUKUS partnership. Their first meeting occurred earlier this summer at HMAS Stirling in Perth, Australia.

    “In three years of  the AUKUS agreement we have made significant progress in integrating the exceptional undersea capabilities of Australia, the United Kingdom and the United States,” said Franchetti. “Our navies will continue to build on our relationships, strengths, and interchangeability to provide security and stability, and maintain the rules-based international order in the Indo-Pacific and around the globe.

    The CNO wrapped up her time at TRSS with a multilateral meeting with Heads of Navy from the Group of Seven (G7: U.S., Canada, France, Germany, Italy, Japan and the United Kingdom) and a meeting with the chiefs of carrier strike group navies.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

    Source: United Kingdom – Executive Government & Departments

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

    • Thousands of jobs in energy sector to be created across the UK up to £24 billion worth of investment secured ahead of International Investment Summit.
    • Boost for clean energy industries demonstrates vote of confidence in UK and government’s growth mission.
    • Comes as Prime Minister puts investment and growth at heart of first Council of Nations and Regions meeting in Scotland today.

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.        

    The investments confirmed by private investors today will deliver growth in the clean energy sector across our nations and regions, from Yorkshire to Suffolk and Aberdeen to Stow, representing a huge vote of confidence in the UK and long-term growth.       

    Driven by the government’s clear path to growth creating the conditions for businesses to thrive, the billions worth of investments from leading companies include Iberdrola – one of the biggest energy companies in Europe – doubling their investment in the UK, Orsted unlocking £8bn and GreenVolt £2.5bn of investment in offshore wind farms, and SeAh Wind UK announcing a £225 million expansion of their investment in the North East to build a state-of-the-art wind technology manufacturing facility in Teesside, solidifying the UK’s position as a world leader in the wind power industry.   

    In only 100 days, the government has overturned the nine-year onshore wind ban in 72 hours, consented more solar than ever before, secured the most successful renewable auction round in history, and launched Great British Energy.     

    Prime Minister Keir Starmer said:    

    Today’s investments are a huge vote of confidence in this government and our relentless focus to drive growth across the UK.

    Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.

    Today I’m convening the first ever Council of Nations and Regions, because it is when we work together in the spirit of genuine partnership, that we can deliver the real change people want to see and improve opportunities for all.  

    Iberdrola Executive Chairman Ignacio Galán said:    

    After having invested more than £30bn in the last 15 years, the clear policy direction, stable regulatory frameworks and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24bn.

    This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero. The benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are shared ambitions of the UK and Iberdrola.

    The investments demonstrate further progress on the government’s clean energy mission and a major boost to the UK economy three days before the first International Investment Summit on 14 October, which will gather UK leaders, high-profile investors and businesses from across the world to deepen our partnership to drive investment and growth.    

    It also comes as the Prime Minister today convenes the first Council of the Nations and Regions, delivering on a manifesto promise to rewire the way UK Government operates. Focussed on investment and growth, the Council will see First Ministers and Deputy First Minister from the Devolved Governments come together with regional mayors to collaborate and seize opportunities to secure long-term investment and boost growth. The agenda, agreed with attendees, includes discussion on how to boost growth and inward investment across the UK, including through an industrial strategy and the Investment Summit.    

    The Prime Minister will also hold bilateral meetings and a joint meeting with the Devolved Government First Ministers and Deputy First Minister focussed on supporting intergovernmental relations as we continue to reset our relationship and work together to deliver for people across the UK.     

    Today’s investments include:    

    • Iberdrola doubling their investment in the UK, through Scottish Power, from £12bn to £24bn over the next 4 years, which includes £4bn for the East Anglia 2 wind farm off the Suffolk coast which was unlocked by this Government’s expanded allocation at the most recent wind auction round. Iberdrola Executive Chairman Ignacio Galan has also today confirmed that the UK has become their largest Investment destination.
    • Orsted and Greenvolt confirming that the Government’s recent expanded offshore wind auction means their projects will unlock £8bn (Orsted) and £2.5bn (Greenvolt) of investment respectively in their planned offshore wind farms. Orsted says its commitment will see thousands of jobs for local people, while Greenvolt says it will create up to 2800 construction jobs.
    • SeAH Wind has made an additional £225 million investment into wind technology manufacturing in Teesside, thanks to new backing from UK Export Finance, which expects to create 750 direct jobs by 2027. This brings their total investment into the site at Teesworks up to £900 million and will help them make their ongoing factory build – one of the biggest facilities of its kind worldwide – even bigger.
    • Macquarie supporting investment of £1.3bn into new green infrastructure including its Island Green Power solar farm in Stow, as a result of planning consents having been granted by the Government, and its Roadchef portfolio company installing electric car ultra-fast charging points across its sites along the UK motorway network.
    • BW Group proceeding with a £300m investment into a new battery energy storage project in Birmingham.
    • Holtec, a major US advanced nuclear engineering company, has confirmed a significant investment of £325 million in a new factory in South Yorkshire which will supply materials for Hinkley Point C and likely Sizewell C power stations. They say this will create up to 490 direct and 280 indirect jobs annually during the construction phase and 1,200 direct engineering jobs created over 20 years.     

    Mads Nipper, CEO of Ørsted A/S said:    

    The reason we are investing in the UK is that alongside the targets for clean energy, we also see the commitment to creating the policy frameworks required to deliver those targets and a government who wants to work with businesses to enable the investments required.

    Lord Nicol Stephen, Chief Executive of Flotation Energy said:  

    Green Volt is a trailblazing, multibillion pound floating offshore wind project which will kickstart jobs and investment by companies right across the UK offshore supply chain. The choice of our HQ in Aberdeen is clear evidence of our strong commitment to support local jobs and businesses wherever possible.

    Chris Sohn, Chief Executive of SeAH Wind, said:    

    With the proactive support of UKEF, our project is progressing smoothly. As we approach the completion of the factory construction, we are committed to ensuring its successful finalization. We aim to become the first monopile manufacturing company in the UK and make a significant contribution to the UK economy.

    Andreas Sohmen-Pao, Chairman of BW Group, said:     

    BW Group is delighted to announce that its subsidiary BW ESS intends to shortly begin construction on two large battery projects in the Midlands – Hams Hall and Berkswell – with a combined capacity of 600 MW. These projects represent a major step forward in enhancing the UK’s energy infrastructure and supporting the transition to renewables.

    I am encouraged by the UK government’s commitment to the clean energy transition and our announcement today highlights BW Group’s commitment to strengthening our presence in the UK and contributing to the growth of the clean energy sector.

    Shemara Wikramanayake, Chief Executive Officer of Macquarie Group, said:   

    We believe that infrastructure investment helps create strong foundations for economic growth, job creation, better services for the public and stronger communities. We are fully invested in the UK’s success and look forward to playing our part in delivering the investment the country needs.

    Dr Rick Springman, Holtec’s President of Global Clean Energy Opportunities, said:   

    Holtec has been part of the UK’s nuclear fabric for over 30 years. We recognise the UK’s long-term commitment to nuclear energy to drive forward government missions on clean energy and economic growth.

    Our planned advanced manufacturing factory in South Yorkshire will bring thousands of skilled, highly-paid engineering jobs to the region while supporting tens of thousands more in the UK’s wider manufacturing supply chains.

    The potential size of the prize of this investment is significant. Depending on future SMR order books it could open up a £30bn export market over ten years adding billions of pounds to the UK economy. Over the coming months Holtec will be finalising its full factory plans and designs based on its UK and international order book.

    This follows the announcement earlier this week that up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead confirms a major £500 million investment to decarbonise its fleet including. This includes creating a new dedicated manufacturing line and partnership with Northern Ireland-based UK bus manufacturer Wrightbus.    

    Yesterday, the Department for Energy Security & Net Zero gave the green light for a new scheme to help unlock billions in investment in energy storage infrastructure. This could see the first significant long duration energy storage facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.    

    And it also builds on the Government confirming funding to launch the UK’s first carbon capture sites in Teesside and Merseyside. Two new carbon capture and CCUS enabled hydrogen projects will create 4,000 new jobs, in a boost for the economy and British industry, helping remove over 8.5 million tonnes of carbon emissions each year – the equivalent of taking around 4 million cars off the road.

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Submissions: MSF urges for protection of civilians and medical staff amid Israeli bombardment in Lebanon

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Beirut, Lebanon, 11 October 2024 – As Israeli attacks intensify in Lebanon, healthcare facilities in areas most affected by airstrikes are being forced to close. This is leading to devastating consequences for civilians and their access to healthcare.

    Médecins Sans Frontières/Doctors Without Borders (MSF) teams are working tirelessly to ensure the continuation of care in our existing facilities, while also scaling up our activities to address the needs emerging from the ongoing conflict. However, due to the intense Israeli airstrikes, we were forced to suspend some activities in highly affected areas. We continue to adapt our activities to provide people with much needed healthcare.

    MSF urges all warring parties to spare civilians, medical facilities, and medical personnel in Lebanon to ensure that vital healthcare services can adequately address people’s urgent medical needs.

    “Given the intensity of the violence, road damage, and the lack of guaranteed safety, we are currently unable to reach all affected areas in Lebanon despite the increasing medical and humanitarian needs,” says François Zamparini, emergency coordinator for MSF in Lebanon.

    Last week, MSF was forced to completely close its clinic in the Palestinian camp of Burj el Barajneh in the southern suburbs of Beirut. We also had to temporarily stop our activities in Baalbek-Hermel, northeast Lebanon. These are both areas heavily affected by the strikes.

    “We partially reopened our clinic in Hermel this week to ensure that patients receive their medications, providing them with a two-to-three-month stock of essential drugs, depending on the severity of their condition and medical risks,” adds Zamparini.

    Patients in these areas are already vulnerable, struggling to access the healthcare they desperately need. The closure of medical facilities has left them, specifically people living with chronic diseases, without the essential services they need.

    MSF medical teams also remain unable to operate properly in southern Lebanon due to a lack of safety guarantees for our medical personnel.

    “One of the hospitals we planned to support and had donated medications and trauma kits to, in Nabatiyeh, only a few kilometres away from the active frontlines, was hit on 5 October,” explains Zamparini.

    An MSF mobile medical team, which had been actively supporting general healthcare centres in Nabatiyeh and other areas closer to the Lebanese border since November 2023, has been forced to stop its activities. The team, which was once able to reach areas near the border, can no longer do so and is currently limited to operating only as far as Saida, which is about 50 kilometres north of the southern border, where needs are highest.

    In the last two weeks, Israeli strikes have claimed the lives of at least fifty paramedics. This brings the total number of healthcare workers killed since October last year to over a hundred, as reported by the Lebanese Ministry of Public Health[1]. The heavy Israeli bombardments have also severely disrupted access to medical care across Lebanon. As of 1 October 2024, six hospitals and 40 general healthcare centres have closed their doors as the intensity of the fighting made it impossible to work without safety guarantees, according to OCHA. [2]

    The armed conflict is worsening an ongoing humanitarian crisis, aggravating existing needs. Lebanon’s healthcare system was already overburdened by the country’s economic crisis, which has caused the emigration of many medical staff and strained the capacity and resources of medical facilities. Local health centres, already at capacity, are now facing increasing pressure as they try to meet the growing medical needs of displaced people.

    The scale of displacement in Lebanon significantly surpasses the country’s ability to provide adequate shelter, with over a million people displaced according to UNHCR[3]. The majority of shelters people are seeking safety in are in dire conditions. To respond, MSF deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, and mental health support, in addition to donating mattresses, hygiene kits, hot meals, and clean water. Nevertheless, people’s needs are far greater than what we are able to cover.

    “We must ensure the continuation of care for those in need,” emphasises Zamparini. “We urge all parties to respect international humanitarian law. Civilians and civilian infrastructure, medical facilities and medical personnel must not be targeted. Their safety must be guaranteed.”

    MSF response to the humanitarian crisis in Lebanon: In response to the ongoing escalation of conflict and intense Israeli bombing in Lebanon, MSF has deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, medication, and mental health support. MSF is also distributing essential items such as blankets, mattresses, and hygiene kits, as well as supplying water by trucks to schools and shelters where displaced people have gathered. Additionally, we are offering hot meals and drinking water to hundreds of displaced families. MSF has also donated fuel and trauma kits to several hospitals, prepositioned 10 tons of medical supplies and trained over 100 healthcare workers in trauma care and mass casualty management across the country.

    MSF first began to work in Lebanon in 1976, and its teams have worked in the country without interruption since 2008.  In 2023, MSF teams worked in six locations across Lebanon, providing 13,609 free medical consultations for vulnerable communities, including Lebanese citizens, refugees, and migrant workers. MSF’s services include mental healthcare, sexual and reproductive healthcare, paediatric care, vaccinations, and treatment for non-communicable diseases such as diabetes. In the past years and as a result of the country’s ongoing economic collapse, people’s humanitarian needs have drastically increased, and we have adapted our projects accordingly. Moreover, we have responded to various types of medical emergencies, and in 2023 we increased our support to respond to the needs resulting from the armed clashes.

    ________________________________

    [1] Health workers in Lebanon describe deadly Israeli attacks on colleagues and fear more | AP News

    [2] https://www.unocha.org/news/todays-top-news-lebanon-occupied-palestinian-territory-and-israel-syria-haiti-ukraine-eastern

    [3] UNHCR’s Grandi appeals for urgent humanitarian support and an end to the bloodshed in Lebanon | UNHCR

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News –

  • MIL-OSI Video: What is a temporary flight restriction?

    Source: United States of America – Federal Government Departments (video statements)

    Recovery efforts in the aftermath of a hurricane can be immense and require close coordination at both the federal and the state levels. The airspace around the recovery efforts have high levels of aviation activity, including small airplanes, helicopters, and drones. The FAA’s goal at all times is to ensure safety and help facilitate this critical work.

    Learn more about operating near hurricane recovery efforts: https://www.faa.gov/air_traffic/flight_info/hurricane_season/operating-near-hurricane-recovery-efforts

    https://www.youtube.com/watch?v=6QhnGLK5Io4

    MIL OSI Video –