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  • MIL-OSI USA: ICYMI: Panasonic Plant Could Revolutionize Region’s Economy – Governor of the State of Kansas

    Source: US State of Kansas

    KEY QUOTE: “For Gov. Kelly, the impact of the Panasonic project is huge and ongoing. “It already has changed Kansas’s perception of itself – the fact that we were able to attract a business like Panasonic,” Kelly said. “People out in Hays are fully aware this is happening. They have a sense of pride and anticipate what else is to come,” the governor said.

    Panasonic Plant Could ‘Revolutionize Region’s Economy’
    Martin Rosenberg, Flatland KC
     Sept. 19, 2024

    • Laura Kelly of Kansas believes the opening of the $4 billion electric car battery manufacturing plant in DeSoto early next year will revolutionize the region’s economy, lifestyle and self-image.
    • “The overall impact of this is just truly transformational,” Kelly said of the massive 4.7 million square foot Panasonic plant nearing completion. “The northeast quadrant of our state will look very different and feel very different,” the governor said.
    • The good news is undeniable. Allan Swan, president of Panasonic Energy of North America, in June said the DeSoto plant, “will be the largest battery manufacturing plant in the world.”
    • For Kelly, Panasonic’s arrival is the capstone of [nearly] $20 billion in new capital investment in the state made on her watch as governor coming from 1,300 economic development wins.
    • The jobs Panasonic is creating will lead to further significant job growth. “We expect suppliers to set up shop. We expect another 4,000 jobs,” Kelly said.

    ###

    MIL OSI USA News –

  • MIL-OSI Security: U.S. Marshals in Puerto Rico Add Man Wanted in New York to 10 Most Wanted Fugitives List

    Source: US Marshals Service

    San Juan, PR – The U.S. Marshals Service District of Puerto Rico has added to its 10 Most Wanted fugitives list a man wanted by the Irondequoit, New York, Police Department on four charges of second-degree murder and charges of narcotics.

    Luis Francisco Soriano, aka Jefry Yeyo, 31, of Dominican Republic, is suspected to have been involved in a quadruple homicide Aug. 31 near Rochester, New York. Two of the victims were children, 2 and 4. Soriano is believed to have fled to Puerto Rico, where authorities are actively searching for him.

    The U.S. Marshals in Puerto Rico request the public’s assistance in capturing dangerous fugitives, such as Soriano. Anyone with information regarding his whereabouts is urged to contact local law enforcement or the U.S. Marshals directly.

    “Given the nature of Soriano’s alleged crimes, his danger to the community at large and ability to elude law enforcement, the U.S. Marshals in Puerto Rico have added him our 10 Most Wanted Fugitives list,” said Wilmer Ocasio-Ibarra, U.S. Marshal for the District of Puerto Rico. “Soriano and his co-conspirators committed a horrendous crime against a family, whose children were innocent victims and did not deserve a cruel death. We will not allow terror, violence and impunity to take over our communities. That is why we are seeking the public’s assistance in getting this dangerous individual in custody so that he can face justice.”

    Soriano is 5 feet 6 inches tall, weighs approximately 150 pounds, and has black hair and brown eyes. He has four moles under his right eye and tattoos on both arms. He should be considered armed and dangerous.

    The U.S. Marshals Service (USMS) encourages the community to continue to collaborate with our deputies on tips that help find the whereabouts of a fugitive by contacting our local office at (787) 766-6297, calling the U.S. Marshals Service Communication Center at 1 (800) 336-0102, or submitting tips using the USMS Tips App. You can also contact the case agents at (787) 306-9411 or (787) 412-1462.

    MIL Security OSI –

  • MIL-OSI Security: Coast Guard Station Atlantic City saves four mariners over weekend

    Source: United States Coast Guard

    09/23/2024 03:41 PM EDT

    U.S. Coast Guard Station Atlantic City responded to two search and rescue cases within two-and-a-half hours near Absecon Inlet, New Jersey, Saturday.

    For more information follow us on Facebook, Twitter and Instagram.

    MIL Security OSI –

  • MIL-OSI Security: Coast Guard Station Atlantic City saves four beachgoers over weekend

    Source: United States Coast Guard

    09/23/2024 03:41 PM EDT

    U.S. Coast Guard Station Atlantic City responded to two search and rescue cases within two-and-a-half hours near Absecon Inlet, New Jersey, Saturday.

    For more information follow us on Facebook, Twitter and Instagram.

    MIL Security OSI –

  • MIL-OSI Security: Mexico: ICITAP Training and Mentoring Lead to Accreditation and High-Tech Equipment in Baja California Sur

    Source: United States Attorneys General 13

    On June 11, the ICITAP-Mexico mission provided an update on its impact on the criminal justice system in Baja California Sur. In 2022, the state of Baja California Sur acquired high-tech equipment for its forensic chemistry laboratory for the detection of street and pharmaceutical drugs in biological samples. The equipment uses liquid chromatography coupled with a high-resolution mass spectrometry detector capable of detecting up to 64 drugs in a single sample. Until 2023, it was the only state in Mexico with this technology. The degree of error is so low that it allows experts to differentiate with high precision between one substance and another and even identify new substances that are not reported in databases or libraries which is of vital importance because new drugs appear on the market every day. In addition, sellers have been known to mix various substances and this equipment is sensitive enough to be able to identify them. The Baja California Sur forensic chemistry laboratory achieved ANAB accreditation in January 2020, which guarantees that it operates with internationally recognized standards of quality. For this achievement, ICITAP-Mexico, through its expert advisors, collaborated with the laboratory by providing training, advice and support since 2018. It should be noted that the implementation of a culture of quality standards in forensic services led the state to make an investment for the acquisition of the new technology. ICITAP continues to advise in the development of methods necessary for its proper use. Seven in-state analyses of post-mortem biological samples were recently analyzed in five cases and in all of them fentanyl was identified along with various other drugs. These samples were obtained largely from cases involving foreigners. These different adulterants with fentanyl were identified thanks to the additional scope provided by the new technology. As the only state to have this equipment and methodology until 2023, other states requested support for sample analysis from Baja California Sur including Chihuahua, Morelos, and Tabasco. The presence or lack of drugs in the biological samples have been a factor in the prosecution of various cases in these states. ICITAP wholeheartedly supports this type of collaboration between states. To date Guanajuato, Sonora and the Federal Attorney General’s Office (FGR) have also acquired this technology. The use of this equipment will have many more advantages for Mexico, once the prosecutors’ offices understand the scope of this type of analysis and exploit the capacity of the equipment, but for the moment the ICITAP-trained Baja California Sur laboratory is already capable of responding to increasingly complex situations and cases involving illicit substances. In Mexico, ICITAP works with the support of and in coordination with the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL).

    MIL Security OSI –

  • MIL-OSI Security: Philippines: ICITAP Conducts i2 Analyst’s Notebook Workshop for Key Philippine Agencies

    Source: United States Attorneys General 13

    From June 17 to 21, ICITAP conducted a five-day workshop on i2 Analyst’s Notebook, attended by seventeen (17) criminal investigators, intelligence officers, bank officers, and analysts from the Philippine National Police (PNP), the Anti-Money Laundering Council (AMLC), and the Bureau of Jail Management and Penology (BJMP). The workshop aimed to enhance skills in managing large volumes of disparate data, importing financial spreadsheets for quick link analyses, and transforming data into easy-to-understand visual charts for actionable intelligence and decision-making. Participants engaged in hands-on practical exercises, creating link analyses to show relationships between financial transactions and persons of interest, effectively following the money trail and connecting the dots. By the end of the training, attendees were proficient in using Analyst’s Notebook to generate actionable intelligence, supporting more informed decision-making. The workshop received positive feedback, with participants valuing the practical exercises and real-world applications, which will significantly enhance their investigative efforts in crime prevention and resolution. This workshop is funded by the U.S. Department of State’s Bureau of Counterterrorism. 

    MIL Security OSI –

  • MIL-OSI Security: Bangladesh: ICITAP-Developed Host Nation Instructors Continue Self-Initiated Training Efforts for Human Rights

    Source: United States Attorneys General 13

    On June 29, the ICITAP-Bangladesh mission provided an update on the impact of its Human Rights assistance efforts in Bangladesh. Following the completion of an ICITAP-led Human Rights and Dignity course in May 2024, a Host Nation Instructor (HNI) – rank of Superintendent of Police – from the Police Bureau of Investigations (PBI) – Chattogram District, demonstrated his commitment to our INL-funded Human Rights and Host Nation Instructor programs by organizing and completing a day-long Human Rights and Dignity course on June 6, 2024 for personnel assigned within his unit. While attending ICITAP’s course in May, the HNI had expressed his strong appreciation for the information and training provided during this event, further highlighting his strong desire to share what he had learned with his unit members, allowing for opportunities for discussion, sharing of insights, and afford openings for improved policy and procedures. This workshop was carefully designed to explore crucial topics such as international human rights standards, ethical conduct, and professional integrity, with the goal of enhancing officers’ abilities in identifying signs of abuse and reshaping police mindsets. To sculpt this latest effort for his unit, SP Nazmul focused on confronting the significant challenge of human rights violations in law enforcement by highlighting strategies to minimize risks during criminal investigations, highlighting the importance of respecting human rights throughout the entire investigative process, including crime scenes, arrests, victim support, and interviews. This unit-initiated training event, spearheaded by ICITAP’s HNI, proved very successful, with the 17 graduating attendees acknowledging the foundational impact that human rights have in providing effective and fair law enforcement, each pledging to uphold human rights as they continue to carry out their duties going forward.

    MIL Security OSI –

  • MIL-OSI Security: Thompson — Thompson RCMP investigating two aggravated assaults over the weekend

    Source: Royal Canadian Mounted Police

    On September 21, 2024, at approximately 12:15 am, Thompson RCMP were called to an address on Nickel Road following a report of an assault. On arrival, officers located a 56-year-old male with multiple stab wounds.

    The victim was taken to a local hospital by EMS and later transported to a Winnipeg hospital where he remains in stable condition.

    The initial investigation has determined that a group consisting of three males and one female confronted and stabbed the victim.

    The investigation is ongoing and anyone with information should contact Thompson detachment at 204-627-6909, Crime Stoppers anonymously at 1-800-222-8477, or secure tip online at www.manitobacrimestoppers.com.

    File 2024-1392285

    On September 21, 2024, at approximately 12:45 am, officers were called to a business on Princeton Drive for a report of another stabbing.

    When officers arrived, they found a 35-year-old male suffering from multiple stab wounds. The victim was conscious and transported by EMS to hospital with serious injuries.

    Patrols for the suspect began immediately.

    The suspect was quickly located walking on Brandon Crescent. He was placed under arrest and taken into custody.

    Brandon Anderson, 29, has been charged with Aggravated Assault and remanded into custody.

    It is believed that the suspect and victim were known to each other.

    Thompson RCMP continue to investigate.

    While both incidents occurred approximately 30 minutes apart, police do not believe they are related.

    MIL Security OSI –

  • MIL-OSI Russia: Government meeting (2024, No. 28)

    MIL OSI Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    1. On the draft federal law “On the federal budget for 2025 and for the planning period of 2026 and 2027”

    2. On the forecast of socio-economic development of the Russian Federation for 2025 and for the planning period of 2026 and 2027

    3. On the draft of the main directions of the unified state monetary and credit policy for 2025 and the period 2026 and 2027

    4. On the draft federal law “On the budget of the Pension and Social Insurance Fund of the Russian Federation for 2025 and for the planning period of 2026 and 2027”

    5. On the draft federal law “On Amending Article 1 of the Federal Law “On the Minimum Wage””

    6. On the draft federal law “On insurance rates for compulsory social insurance against industrial accidents and occupational diseases for 2025 and for the planning period of 2026 and 2027”

    7. On the draft federal law “On the budget of the Federal Fund for Compulsory Medical Insurance for 2025 and for the planning period of 2026 and 2027”

    8. On the draft federal law “On Amendments to Article 5 of the Federal Law “On the Peculiarities of Legal Regulation of Relations in the Spheres of Health Protection, Compulsory Medical Insurance, Circulation of Medicines and Circulation of Medical Devices in Connection with the Admission to the Russian Federation of the Donetsk People’s Republic, the Lugansk People’s Republic, the Zaporizhia Region and the Kherson Region”

    9. On the draft federal law “On Amendments to the Federal Law “On Compulsory Medical Insurance in the Russian Federation””

    10. On the draft federal law “On Amendments to the Federal Law “On Joint Stock Companies” and Article 32 of the Federal Law “On Limited Liability Companies””

    The bill is aimed at regulating public relations related to management in joint-stock companies and limited liability companies.

    11. On the draft federal law “On Amendments to Article 19 of the Law of the Russian Federation “On Space Activities” and Article 7 of the Federal Law “On the State Corporation for Space Activities “Roscosmos””

    The bill is aimed at establishing the obligation of Russian organizations and citizens who are the owners of space objects planned for launch into outer space from the territory of the Russian Federation or the territory of a foreign state (if registration is not expected in the Russian Federation) to submit information about space objects to the Roscosmos State Corporation, including their functional characteristics and technical condition.

    12. On the draft federal law “On Amendments to Articles 5 and 11 of the Federal Law “On Emergency Rescue Services and the Status of Rescuers””

    The draft law proposes to empower the Government to establish the procedure for the activities of professional emergency rescue services, professional emergency rescue teams performing blowout prevention work at drilling and oil, gas and gas condensate production facilities and underground gas storage facilities, requirements for their composition and equipment, as well as the procedure for calculating the cost of servicing drilling and oil, gas and gas condensate production facilities and underground gas storage facilities.

    Moscow, September 23, 2024

    The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

    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://government.ru/meetings/52779/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI: Habeas Corpus (constitutional challenge, “Amparo”) granted against the Ministry of Energy, Mexico – BERDEJA Y BUTLER CONSULTORES, S.C.

    Source: GlobeNewswire (MIL-OSI)

    Santa Fe, Mexico City, Sept. 23, 2024 (GLOBE NEWSWIRE) —

    Amparo en contra de la Secretaría de Energía, México

    Verfassungsbeschwerde gegen das Energieministerium, Mexiko

    Berdeja y Butler Consultores, S.C. (“the Firm”) has achieved a significant legal victory securing an Amparo against  Mexico’s Ministry of Energy, challenging its Decree imposing maximum tariffs on ‘UVIEs’ -verifiers for conformity in electrical installations to the Mexican Official Standards (“NOMs”), “the Decree”, dated September 5, 2022.

    The Amparo was granted in October 2023 and ratified on 4th July 2024 by the First Collegiate Circuit Court in Administrative Matters Specialising in Economic Competition, Broadcasting & Telecommunications.

    The illegal imposition of maximum rates discouraged the work of the UVIEs, promoted simulation, and generated uncertainty for customers, who, due to the improper actions of the authorities, believed that below-market rates were valid; that is, below the rates formally registered by each UVIE with the Ministry of Economy. In other words, the Ministry of Energy was distorting the market and services provided by the UVIEs, and their economics because they had to judicially defend themselves from the now judged illegal Decree.

    The Decree violates the principles of statement of reasons, foundation -constitutional, conventional, and legal–, legal certainty, free competition, job freedom, efficient economy, and the supremacy of the rule of law by prioritising a public interest artificially constructed by the Decree.

    The granting of the definitive Amparo will generate the following benefits: 1. Recover legal and economic certainty in the UVIE-clients relationship; 2. Remove the distortion of UVIE rates in the relevant market; 3. Eliminate the constraint on the UVIE’s job freedom; 4. Reconfirm that the powers of the Ministry of Energy and the Ministry of Economy are limited; it constrained their arbitrariness; 5. Clarify the difference between the regulated electricity industry and the electricity sector; 6. Enforce the international treaties to which Mexico is a party, as well as Mexico’s Constitution and laws; in summary, the rule of law in Mexico.

    There are key industries that need to be properly defended against legislative changes or acts of authority. These include energy: oil & gas, and clean energies; mining for lithium & open-pit mines; and water, particularly pre-existing or granting of future concessions. When acts or ommisions of public authorities violate human rights, the Constitution is the best defense; however, if it is also violated, Conventional mechanisms for the defense and protection of international investments can be activated.

    The Firm trusts that the next President of Mexico will promote the energy sector and the rule of law, and hopes that the administration of justice will not be adversely affected by any reform to the Judiciary Power. Likewise the Firm will continue working towards legal certainty and regulatory compliance to effectively and efficiently protect its clients’ interests, and the investment attraction of Mexico; otherwise, the Firm is ready to help defending business interests in Mexico.

    Please do not hesitate to contact Carlos Berdeja Prieto, Berdeja y Butler Consultores, S.C., carlos_berdeja@bybconsultores.com; (+52)5554362055, in case any business plan related to Mexico needed to be implemented or defended.

    #Verfassungsrecht #Amparo #ConstitutionalLaw #Energie #Energia #Energy #Mexiko #México #Mexico #JuristischeDienstleistungen #LegalServices #ServiciosLegales #Investitionen #Investments #Inversiones #RegulatorischeCompliance #CumplimientoRegulatrorio #RegulatoryCompliance #WirtschaftlicherWettbewerb #EconomicCompetition #CompetenciaEconomica

    The MIL Network –

  • MIL-OSI: Cayson Acquisition Corp Announces Closing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Cayson Acquisition Corp (the “Company”) announced today that it closed its initial public offering of 6,000,000 units at $10.00 per unit. The offering resulted in gross proceeds to the Company of $60,000,000.

    The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “CAPNU” on September 20, 2024. Each unit consists of one ordinary share and one right entitling its holder to receive one tenth of one ordinary share upon the Company’s completion of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “CAPN” and “CAPNR,” respectively.

    The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a target business on entities located throughout Asia but will not be limited to a particular industry or geographic location. The Company is led by its Chairman of the Board and Chief Executive Officer, Yawei Cao.

    Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $60,000,000 was placed in trust.

    EarlyBirdCapital, Inc. acted as the book-running manager for the offering and Revere Securities acted as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

    A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on September 19, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    FORWARD-LOOKING STATEMENTS

    This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:
    Taylor Zhang
    taylorzhang@caysonspac.com

    The MIL Network –

  • MIL-OSI: Red Cat Holdings Reports Financial Results for Fiscal First Quarter 2025 and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Sept. 23, 2024 (GLOBE NEWSWIRE) —  Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal first quarter ended July 31, 2024 and provides a corporate update.

    Recent Operational Highlights:

    • Presented drone solutions to high-level officials, at multiple Defense Conferences, including the U.S Marine Corps (Modern Day Marine), domestic and international Special Operations Forces (SOF Week), and European Union and NATO forces at Eurosatory 2024 in Paris, France.
    • Announced development of a new Family of Small ISR and Precision Strike Systems at Eurosatory 2024.
    • Recently closed FlightWave asset purchase agreement.
    • Launched Robotics and Autonomous Systems Industry Consortium called Red Cat Futures Initiative.

    First Quarter 2025 Financial Highlights:

    • Quarterly revenue of $2.8 million, representing 59% year-over-year growth.
    • Ended the quarter with cash of $7.7 million.
    • Guidance of $50-$55 million for calendar year 2025 exclusive of government or NATO programs of record.
    • Record backlog of $13 million.

    “Red Cat continues to see significant global demand and year-over-year growth with a strong pipeline and backlog,” said Jeff Thompson, Red Cat Chairman and Chief Executive Officer. “This is being driven by strong domestic and international adoption and sales across our entire Family of Systems, which now includes the Edge 130 Blue. Our guidance for the upcoming 2025 calendar year of $50 – $55 million will continue our growth trend as we await news around the U.S. Army’s Short-Range Reconnaissance Program of Record and prepare to scale up production capacity.”

    “We are reporting 59% year-over-year growth and $13 million in backlog for the first quarter of fiscal 2025,” stated Leah Lunger, Chief Financial Officer. “Having officially closed the acquisition of FlightWave Aerospace System, we look forward to integrating the Edge 130 Blue into our Family of Systems, which will open new revenue streams and partnership opportunities with companies in our Futures Initiative. We also have significant market potential for NDAA compliant FPV precision strike drones within our innovation roadmap.”

    Conference Call Today

    CEO Jeff Thompson and CFO Leah Lunger will host an earnings conference call at 4:30 p.m. ET on Tuesday, September 23, 2024 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can listen to the conference call by dialing 1-844-413-3977 (within the U.S.) or 1-412-317-1803 (international). Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call. Participants can also pre-register for the call using the following link: https://dpregister.com/sreg/10192508/fd6e5cff60

    The conference call will also be available through a live webcast that can be accessed at:
    https://event.choruscall.com/mediaframe/webcast.html?webcastid=TD6F4UVA

    A replay of the webcast will be available until December 22, 2024 and can be accessed through the above link or at www.redcatholdings.com. A telephonic replay will be available until October 7, 2024 by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 2058195.

    About Red Cat, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities.  Learn more at www.redcat.red.

    Forward Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    RED CAT HOLDINGS
    Condensed Consolidated Balance Sheets
           
        July 31,     April 30,
        2024       2024  
    ASSETS          
               
    Cash and marketable securities $ 7,732,763     $ 6,067,169  
    Accounts receivable, net   681,775       4,361,090  
    Inventory, including deposits   10,667,676       8,610,125  
    Intangible assets including goodwill, net   12,612,560       12,882,939  
    Other   6,260,457       7,473,789  
    Equity method investee   —       5,142,500  
    Note receivable   —       4,000,000  
               
    TOTAL ASSETS $ 37,955,231     $ 48,537,612  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY          
               
    Accounts payable and accrued expenses $ 3,428,538     $ 2,703,922  
    Debt obligations   599,570       751,570  
    Operating lease liabilities   1,471,589       1,517,590  
    Total liabilities   5,499,697       4,973,082  
               
    Stockholders’ capital   126,002,642       124,690,641  
    Accumulated deficit/comprehensive loss   (93,547,108 )     (81,126,111 )
    Total stockholders’ equity   32,455,534       43,564,530  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 37,955,231     $ 48,537,612  
               
    Condensed Consolidated Statements of Operations      
                     
        Three months ended      
        July 31,       
        2024     2023  
      Revenues $ 2,776,535     $ 1,748,129  
                     
      Cost of goods sold   3,259,926       1,573,464  
                     
      Gross (loss) profit   (483,391 )     174,665  
                     
      Operating Expenses              
      Research and development   1,626,440       1,353,551  
      Sales and marketing   2,041,511       1,288,760  
      General and administrative   3,483,095       2,863,758  
      Impairment loss   93,050       —  
      Total operating expenses   7,244,096       5,506,069  
      Operating loss   (7,727,487 )     (5,331,404 )
                     
      Other expense   4,688,889       262,891  
                     
      Net loss from continuing operations (12,416,376 )     (5,594,295 )
                     
      Loss from discontinued operations   —       (242,573 )
      Net loss $ (12,416,376 )   $ (5,836,868 )
                     
      Loss per share – basic and diluted $ (0.17 )   $ (0.11 )
                     
      Weighted average shares outstanding – basic and diluted   74,500,480       54,935,339  
                     
    Condensed Consolidated Statements of Cash Flows
         
          Three months ended July 31,  
          2024       2023  
    Cash Flows from Operating Activities                
    Net loss from continuing operations   $ (12,416,376 )   $ (5,594,295 )
    Non-cash expenses     6,755,639       1,522,611  
    Changes in operating assets and liabilities     3,312,325       (2,854,385 )
    Net cash used in operating activities     (2,348,412 )     (6,926,069 )
                     
    Cash Flows from Investing Activities                
    Proceeds from sale of equity method investment and note receivable     4,400,000       —  
    Proceeds from sale of marketable securities     —       4,888,399  
    Other     (99,957 )     (5,054 )
    Net cash provided by investing activities     4,300,043       4,883,345  
                     
    Cash Flows from Financing Activities                
    Payments of debt obligations, net     (152,000 )     (137,989 )
    Payments related to employee equity transactions     (134,037 )     (8,520 )
    Net cash used in financing activities     (286,037 )     (146,509 )
                     
    Net cash used in discontinued operations     —       (118,295 )
                     
    Net increase (decrease) in Cash     1,665,594       (2,307,528 )
    Cash, beginning of period     6,067,169       3,260,305  
    Cash, end of period     7,732,763       952,777  
    Less: Cash of discontinued operations     —       (15,021 )
    Cash of continuing operations, end of period     7,732,763       937,756  
    Marketable securities     —       7,922,392  
    Cash of continuing operations and marketable securities   $ 7,732,763     $ 8,860,148  
                     

    The MIL Network –

  • MIL-OSI: Nasdaq to Hold Third Quarter 2024 Investor Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) has scheduled its third quarter 2024 financial results announcement.

      Who:   Nasdaq’s CEO, CFO, and additional members of its senior management team
           
      What:   Review Nasdaq’s third quarter 2024 financial results
           
      When:   Thursday, October 24, 2024
          Results Call: 8:00 AM Eastern
           

    Senior management will be available for questions from the investment community following prepared remarks.

    All participants can access the conference via webcast through the Nasdaq Investor Relations website at http://ir.nasdaq.com/.

    Note: The press release and results presentation for the third quarter 2024 results will be posted on the Nasdaq Investor Relations website at http://ir.nasdaq.com/ on Thursday, October 24, 2024 at approximately 7:00 AM Eastern.

    About Nasdaq

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

    Media Relations Contact:

    Nick Eghtessad
    +1.929.996.8894
    Nick.Eghtessad@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network –

  • MIL-OSI: Jamf Announces Appointment of David Rudow as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Sept. 23, 2024 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced the appointment of David Rudow to Chief Financial Officer (“CFO”).

    Mr. Rudow will begin employment with Jamf on October 28, 2024, and will succeed Jamf’s current Chief Financial Officer, Ian Goodkind, who is departing to pursue other opportunities, effective November 28, 2024. Goodkind will work closely with Rudow to facilitate a seamless transition. 

    “I want to thank Ian Goodkind for everything he has done for Jamf over the last five years and wish him the best of his future endeavors,” said John Strosahl, CEO, Jamf.

    Rudow is a seasoned financial executive with significant experience in both public and private high-growth technology companies. Rudow joins Jamf from Cover Genius, a global embedded Insurtech company. Prior to that, he was the CFO at Unite Us as well as the CFO of nCino, a fintech SaaS company, where Rudow led nCino’s initial public offering. In addition to his technology enterprise experience, Rudow held several senior level positions over an 18-year period at various investment banking and financial services firms, including Piper Jaffray, J.P. Morgan, and Thrivent Asset Management. Rudow is also a Certified Public Accountant and worked at KPMG and PricewaterhouseCoopers. 

    “David brings a powerful combination of deep financial acumen and public company experience to Jamf,” added Strosahl. “His proven CFO track record and experience in tech will be invaluable as we continue to innovate and drive growth in this rapidly evolving market. His appointment underscores our commitment to excellence and our dedication to driving value for our customers, employees, and shareholders.”

    “I am excited to join the talented team at Jamf and contribute to Jamf’s continued success,” said Rudow. “Jamf has an exceptional culture and is the market leader in helping organizations manage and secure their Apple devices for work. I look forward to contributing to their mission of helping organizations succeed with Apple.”

    Jamf is also reaffirming its previously announced financial outlook for revenue and non-GAAP operating income for the third quarter and full year 2024.

    For the third quarter of 2024, Jamf currently expects:

    • Total revenue of $156.5 to $158.5 million
    • Non-GAAP operating income of $25.5 to $26.5 million

    For the full year 2024, Jamf currently expects:

    • Total revenue of $622.5 to $625.5 million
    • Non-GAAP operating income of $96.0 to $98.0 million

    Jamf plans to report financial results for the third quarter ending September 30, 2024, in early November.

    Non-GAAP Financial Measures
    In addition to our results determined in accordance with generally accepted accounting principles in the United States (“GAAP”), we believe the non-GAAP measure of non-GAAP operating income is useful in evaluating our operating performance. Non-GAAP operating income excludes amortization expense, stock-based compensation expense, foreign currency transaction loss (gain), amortization of debt issuance costs, acquisition-related expense, payroll taxes related to stock-based compensation, system transformation costs, restructuring charges, and extraordinary legal settlements and non-recurring litigation costs. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of the non-GAAP financial information is that it excludes significant expenses that are required by GAAP to be recorded in our financial statements. In addition, the non-GAAP financial information is subject to inherent limitations as it reflects the exercise of judgment by our management about which expenses are excluded or included in determining the non-GAAP financial information. We strongly encourage investors to review our consolidated financial statements included in our publicly filed reports in their entirety and not rely solely on any single financial measurement or communication.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “can,” “will,” “would,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include, but are not limited to, statements regarding our future financial and operating performance (including our outlook and guidance), the demand for our platform, anticipated impacts of macroeconomic conditions on our business, our expectations regarding business benefits financial impacts from our acquisitions, partnerships, and investments, and our ability to deliver on our long-term strategy, and statements related to the CFO transition.

    The forward-looking statements contained in this press release is also subject to additional risks, uncertainties, and factors, including those more fully described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 as well as the subsequent periodic and current reports and other filings that we make with the Securities and Exchange Commission from time to time. Moreover, we operate in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release and the accompanying conference call.

    Given these factors, as well as other variables that may affect our operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, or use historical trends to anticipate results or trends in future periods. The forward-looking statements included in this press release and the accompanying conference call relate only to events as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise required by law.

    About Jamf
    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com.

    Media Contact:
    Kaitlin Shinkle | media@jamf.com

    Investor Contact:
    Jennifer Gaumond | ir@jamf.com

    The MIL Network –

  • MIL-OSI: DTE Energy statement in response to third-party audit of electric distribution system

    Source: GlobeNewswire (MIL-OSI)

    Detroit, Sept. 23, 2024 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) today released the following statement from Matt Paul, president and chief operating officer, DTE Electric, in response to the third-party audit of the electric distribution system issued by the Michigan Public Service Commission.

    “We remain laser-focused on delivering on our commitment to our customers — reducing power outages by 30% and cutting outage time in half by 2029. 

    “To meet that commitment, as well as the customer service standards set by the Michigan Public Service Commission, we’ve been making significant investments as part of our accelerated plan to quickly transition to a smarter grid, aggressively trimming trees, updating our existing infrastructure and rebuilding significant portions of the grid. 

    “We appreciate the audit team confirming that DTE’s proposed investment plan will deliver the dramatic improvement in reliability that our customers demand and deserve in the next five years as well as recognizing the talent and experience of our team. They also point out that our plan is both ambitious and aggressive, and we accept that challenge.

    “We are always looking for ways to improve our processes and programs and thank the audit team for recognizing our progress, as well as providing recommendations on improvements we can make to better serve our customers. 

    “We are currently reviewing the full report and will provide a formal response through the regulatory process. We look forward to continuing to work with the Michigan Public Service Commission on ways to provide our customers with cleaner, more reliable, and affordable energy.”

    Available images of reliability work. Please credit DTE Energy.

    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, members of the media may contact: 
    Colleen Rosso, DTE Energy, 313.235.5555   

    The MIL Network –

  • MIL-OSI: Greystone Housing Impact Investors LP Announces Broker’s For Sale Listing of Vantage at Hutto

    Source: GlobeNewswire (MIL-OSI)

    OMAHA, Neb., Sept. 23, 2024 (GLOBE NEWSWIRE) — Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that Vantage at Hutto, a 288-unit market rate multifamily property located in Hutto, TX (the “Property”), has been publicly listed for sale by Institutional Property Advisors Texas at the direction of the Property-owning entity’s managing member. The Partnership’s non-controlling investment in the Property was originated in November 2020 and the Partnership has contributed equity totaling $11.8 million during construction and stabilization. Construction of the Property was completed in December 2023. The Property reported 89% physical occupancy as of August 31, 2024. If the listing process is consistent with past Vantage property sales and a sale contract is successfully executed, then the Partnership expects the sale of the Property to occur in the first quarter of 2025. Current market volatility and potential future market developments may delay the expected timing of the sale and may negatively impact the final sales price for the Property.

    Consistent with past Vantage property sales, the managing member controls the listing and sales process under the terms of the Property owning entity’s operating agreement (the “Operating Agreement”). The Partnership will be entitled to certain net proceeds upon the successful completion of a sale of the Property in accordance with the Operating Agreement.

    About Greystone Housing Impact Investors LP

    Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022, taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

    Safe Harbor Statement

    Information contained in this press release contains “forward-looking statements,” which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to, risks involving current maturities of our financing arrangements and our ability to renew or refinance such maturities, fluctuations in short-term interest rates, collateral valuations, mortgage revenue bond investment valuations and overall economic and credit market conditions. For a further list and description of such risks, see the reports and other filings made by the Partnership with the Securities and Exchange Commission, including but not limited to, its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Readers are urged to consider these factors carefully in evaluating the forward-looking statements. The Partnership disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    INVESTOR CONTACT:
    Andy Grier
    Senior Vice President
    402-952-1235

    MEDIA CONTACT:
    Karen Marotta
    Greystone
    212-896-9149
    Karen.Marotta@greyco.com

    The MIL Network –

  • MIL-OSI: Ellomay Capital Announces Execution of An Agreement for the Sale of Tax Credits of Texas Solar Projects

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) —  Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, today announced a key achievement in its U.S. strategic growth plan. The Company has successfully entered into an agreement for the sale and transfer of Investment Tax Credits (ITCs) linked to its Fairfield (13.4 MW), Malakoff (13.92 MW), Mexia (11.1 MW), and Talco (10.5 MW) solar projects, all located in the State of Texas, USA. The agreement was executed with a reputable financial institution, with vast experience in executing tax credit transactions.

    Through this transaction, the Company expects to receive approximately $19 million from the sale of Investment Tax Credits, representing approximately 32% of the expected total portfolio costs. The sale is facilitated under the Inflation Reduction Act’s new transferability provisions, allowing Ellomay to retain 100% of the operating profits from these projects. Funds from the sale of the ITCs generated from a project will be disbursed after such project is placed in service and meets the applicable requirements. The Company expects the Fairfield and Malakoff projects to be placed in service by the end of Q4 2024, and the Mexia and Talco projects to be placed in service by the end of Q2 2025. The agreement includes customary indemnification obligations (for damages not covered by tax insurance policy), including in connection with certain continued eligibility requirements and scope of the ITCs, for which the Company provided a guarantee to the purchaser of the ITCs.

    Ran Fridrich, CEO and a board member of Ellomay, said “The agreement to sell the Investment Tax Credits to an institutional buyer represents a major milestone in the development of Ellomay’s solar portfolio in Texas and underscores the Company’s commitment to expanding its renewable energy presence in the U.S. The Company sees great importance in its ability to sell the ITCs while maintaining the benefits of accelerated depreciation in the Company. The Company believes that additional projects in the pipeline will be able to follow a similar strategy.”

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating photovoltaic power plants in Spain (including a 300 MW photovoltaic plant in owned by Talasol, which is 51% owned by the Company) and approximately 20 MW of operating photovoltaic power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • Ellomay Solar Italy Ten SRL that is construction a photovoltaic plant (18 MW) in Italy;
    • Ellomay Solar Italy Four SRL (15.06 MW), Ellomay Solar Italy Five SRL (87.2 MW), Ellomay Solar Italy Seven SRL (54.77 MW), Ellomay Solar Italy Nine SRL (8 MW) and Ellomay Solar Italy Fifteen SRL (10 MW) that are developing photovoltaic projects in Italy that have reached “ready to build” status; and
    • Fairfield Solar Project, LLC (13.44 MW), Malakoff Solar I, LLC (6.96 MW) and Malakoff Solar II, LLC (6.96 MW), that are constructing photovoltaic plants and Mexia Solar I, LLC (5.6 MW), Mexia Solar II, LLC (5.6 MW), and Talco Solar, LLC (10.3 MW), that are developing photovoltaic projects that have reached “ready to build” status, all in the Dallas Metropolitan area, Texas.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including the delays or failure in placing into service of any or all of the Texas solar facilities, failure to meet the continued eligibility requirements for the ITCs, changes in the markets and economy, changes in electricity prices and demand, continued war and hostilities in Israel and Gaza, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network –

  • MIL-OSI: DIAGNOS Announces Variation in One Insider Ownership

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, Sept. 23, 2024 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Diagnos Inc. (“DIAGNOS”, the “Corporation” or the “Issuer”) (TSX Venture: ADK), announces that as a result of the issuance of 8,333,333 common shares (each, a “Share”) as part of a private placement of units announced on September 20, 2024, Mr. Tristram Coffin ceased to be an insider of the Corporation since his ownership dropped below 10%.

    Immediately before the issuance of the Shares, Mr. Coffin exercised control, directly and indirectly, over 8,180,234 Shares of the Issuer, representing ownership of 10.04% on an undiluted basis.

    The issuance of the Shares remains subject to the TSX Venture approval.

    About DIAGNOS

    DIAGNOS is a publicly-traded Canadian corporation with a mission of early detection of critical health issues through the use of advanced image enhancement algorithms which make standard retinal images sharper, clearer and easier to read.

    Additional information is available at www.diagnos.com and www.sedar.com.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI: Nano Labs Announces Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    HANGZHOU, China, Sept. 23, 2024 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” “the Company,” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, today announced that it will hold its 2024 Annual General Meeting of Shareholders (the “2024 Annual Meeting”) at 10 A.M. on October 23, 2024, Beijing time (10 P.M. on October 22, 2024, U.S. Eastern time) in China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People’s Republic of China. The Company has established the close of business on September 27, 2024, Eastern time (the “Record Date”), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof. The purpose of the Meeting is:

    (1) to effect a share consolidation of every ten shares with a par value of US$0.0002 each in the Company’s issued and unissued share capital into one share with a par value of US$0.002 (the “Share Consolidation”), so that immediately following the Share Consolidation and the Share Re-designation, the authorized share capital of the Company shall be US$50,000 divided into 25,000,000 ordinary shares of par value of US$0.002 each, comprising (i) 12,141,093 Class A ordinary shares of par value of US$0.002 each, (ii) 2,858,908 Class B ordinary shares of par value of US$0.002 each, and (iii) 9,999,999 shares of a par value of US$0.002 each of such class or classes (however designated) as the board of directors of the Company (the “Directors”) may determine in accordance with the Company’s New M&A (as defined below).

    (2) to amend the Company’s memorandum and articles of association currently in effect (the “Current M&A”) by the adoption of a new memorandum and articles of association to reflect the Share Consolidation (after the amendment, the “New M&A”); and

    (3) to approve the appointment of MaloneBailey, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.

    Subject to obtaining the relevant shareholders’ approval at the Meeting, the Share Consolidation will be effective at 5 P.M. on October 29, 2024, U.S. Eastern time, and the Class A ordinary shares are expected to begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market when markets open on the next business trading day under the new CUSIP/ISIN numbers. No fractional shares will be issued in connection with the Share Consolidation. All fractional shares will be rounded up to the whole number of shares. Copies of the notice of the Meeting and the form of proxy are available on the Company’s corporate investor relations website at https://ir.nano.cn.

    About Nano Labs Ltd

    Nano Labs Ltd is a leading fabless integrated circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions, smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. Nano Lab’s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: ir.nano.cn.

    *According to an industry report prepared by Frost & Sullivan.

    Forward-Looking Statements

    This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

    For investor inquiries, please contact:

    Nano Labs Ltd
    ir@nano.cn

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

    The MIL Network –

  • MIL-OSI: Jade Power Announces Closing of Non-Brokered Private Placement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) — Jade Power Trust (“Jade Power” or the “Trust”) (TSXV:JPWR.H) is pleased to announce that it has closed its non-brokered private placement of 6,666,666 units (the “Units”) at a price of C$0.075 per Unit (the “Offering”).

    Each Unit consists of one trust unit in the capital of the Trust (the “Trust Units”) and one half of one Trust Unit purchase warrant (each a “Warrant”). Each whole Warrant is exercisable for a period of one year from the date of issuance to purchase an additional Trust Unit at a price of C$0.10. Net proceeds of the Offering will be used for working capital and general corporate purposes.

    Closing of the Offering remains subject to receipt of all necessary corporate and regulatory approvals, including the final approval of the NEX Board and the TSX Venture Exchange. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

    This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    For further information please contact:

    David Barclay
    Chief Executive Officer
    +1 954-895-7217
    david.barclay@bellsouth.net

    About Jade Power

    The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, was formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. All material information about the Trust may be found under Jade Power’s issuer profile at www.sedarplus.ca.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of securities legislation in the Canada and which are based on the expectations, estimates and projections of management of the parties as of the date of this news release unless otherwise stated. Forward-looking statements are generally identifiable by use of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “could”, “believe”, “plans”, “intends” or the negative of these words or other variations on these words or comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

    Details of the risk factors relating to Jade Power and its business are discussed under the heading “Business Risks and Uncertainties” in the Trust’s annual Management’s Discussion & Analysis for the year ended December 31, 2023, a copy of which is available on Jade Power’s SEDAR+ profile at www.sedarplus.ca. Most of these factors are outside the control of the Trust. Investors are cautioned not to put undue reliance on forward-looking information. These statements speak only as of the date of this press release. Except as otherwise required by applicable securities statutes or regulation, Jade Power expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

    Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI United Nations: Readout of the Secretary-General’s meeting with H.E. Mr. Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana

    Source: United Nations secretary general

    The Secretary-General met with H.E. Mr. Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana.  The Secretary-General and the President exchanged views on the peace and security situation in West Africa and the Sahel, the Summit of the Future, and the global financial architecture.
     

    MIL OSI United Nations News –

  • MIL-OSI: OceanFirst Financial Corp. Schedules Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    RED BANK, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:OCFC), the holding company for OceanFirst Bank, today announced that it will issue its earnings release for the quarter ended September 30, 2024 on Thursday, October 17, 2024 after market close. Management will then conduct a conference call at 11:00 a.m. Eastern Time, on Friday, October 18, 2024 to discuss highlights of the Company’s quarterly operating performance.

    The direct dial number for the call is 1-833-470-1428, toll free, using the access code 257920. For those unable to participate in the conference call, a replay will be available. To access the replay, dial 1-866-813-9403, Access Code 120573, from one hour after the end of the call until November 15, 2024.

    The conference call will also be available (listen-only) by accessing the Company’s Web address: www.oceanfirst.com – Investor Relations. Web users should go to the site at least fifteen minutes prior to the call to register, download, and install any necessary audio software. The webcast will be available for at least 30 days.

    OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $13.3 billion regional bank providing financial services throughout New Jersey and the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey.

    OceanFirst Financial Corp.’s press releases are available at http://www.oceanfirst.com.

    Forward-Looking Statements

    In addition to historical information, this news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “will,” “should,” “may,” “view,” “opportunity,” “potential,” or similar expressions or expressions of confidence. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to: changes in interest rates, general economic conditions, levels of unemployment in the Bank’s lending area, real estate market values in the Bank’s lending area, future natural disasters and increases to flood insurance premiums, the level of prepayments on loans and mortgage-backed securities, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area and accounting principles and guidelines. These risks and uncertainties are further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent securities filings and should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    The MIL Network –

  • MIL-OSI Economics: The African Development Bank Group grants over $67 million to Madagascar to relaunch its economy and improve governance in its energy sector

    Source: African Development Bank Group
    The Board of Directors of the African Development Bank Group approved a loan of $67.3 million to Madagascar on 20 September 2024 to implement the first phase of its economic growth-inducing Financial Management and Resilience Support Programme for 2024-2025.

    MIL OSI Economics –

  • MIL-OSI Economics: UN Secretary-General and Heads of Multilateral Development Banks to Enhance Collaboration to Address the Challenges of Achieving the SDGs

    Source: African Development Bank Group
    United Nations Secretary-General António Guterres and top UN officials met with the Heads of Multilateral Development Bank (MDB) Group on Sunday in a joint effort to better support countries in accelerating progress towards achieving the Sustainable Development Goals (SDGs) by 2030.

    MIL OSI Economics –

  • MIL-OSI Economics: Roundtable event: “Leveraging the African Development Bank Group and Philanthropies’ Strengths and Capital to Seize Africa’s Opportunities for a…

    Source: African Development Bank Group
    The African Development Bank Group, the Aliko Dangote Foundation, the Children’s Investment Fund Foundation (CIFF), and the Rockefeller Foundation are hosting a roundtable discussion on the theme: “Leveraging the African Development Bank Group and Philanthropies’ Strengths and Capital to Seize Africa’s Opportunities for…

    MIL OSI Economics –

  • MIL-Evening Report: Scientists discover heat-tolerant corals hidden in plain sight. Could it help protect the Great Barrier Reef?

    Source: The Conversation (Au and NZ) – By Melissa Naugle, PhD Candidate in Coral Ecology, Southern Cross University

    Wikimedia, CC BY

    Just as individual humans handle stress differently, so do corals. Even coral colonies of the same species, growing side by side, vary in their tolerance to pressures such as heatwaves.

    In research published today, we discovered surprising new evidence of variable heat tolerance in corals. As the world’s oceans warm, these differences are important.

    Earlier this year, the world’s fourth global mass bleaching event was declared. The Great Barrier Reef has suffered five mass bleachings since 2016 – most recently this past summer. The declarations followed the world’s warmest year on record.

    To keep the world’s coral reefs healthy and functioning, global carbon emissions must be dramatically curbed to reduce the rate of ocean warming. As humanity works towards that goal, interventions may buy time for corals to survive in their warming environments.

    What we did

    The heat tolerance of corals can be measured by analysing their responses to elevated water temperatures. Our research involved measuring the bleaching thresholds of more than 500 colonies of the tabular coral, Acropora hyacinthus.

    Acropora hyacinthus is a common coral that forms “tables” of tiny branchlets. This species is both ecologically important and highly vulnerable to heat waves, making it a prime candidate for conservation.

    The characteristic colour of coral is provided by algae living inside its tissue. The algae also provide most of the coral’s nutrition. When water temperatures get too high for too long, the coral expels the algae, causing it to bleach and starve.

    While at sea, we visited 17 reefs to scuba dive and search for Acropora hyacinthus. We then brought samples of these corals on board a research vessel to conduct experiments.

    Our specially designed portable experiment system contained 12 tanks set to four different temperatures. Coral fragments were placed in each tank and subjected to short-term heat stress at different temperatures.

    Afterwards, we measured the amount of pigment left in the coral fragments, which directly aligns with the amount of algae left in the coral’s cells.

    We then determined each coral’s bleaching thresholds – in other words, the temperature at which the coral’s pigmentation drops to 50% of its healthy level. This allowed us to understand how much variation exists and where the most heat-tolerant colonies live.

    So what did we find? Under our experiments, the amount of pigment retained under high temperatures varied from 3% to 95%. This means at high temperatures, some coral colonies completely bleached while others seemed barely affected.

    Of the 17 reefs we studied, 12 contained colonies with bleaching thresholds in the top 25%. This means heat-tolerant corals could be found at most of the reefs we sampled.

    Nature versus nurture

    Corals handle stress differently for two reasons: nature and nurture.

    Each coral has a unique “nature” or genetic makeup that can affect its heat tolerance. Our results suggest corals found across the entire Great Barrier Reef may hold unique genetic resources that are important for recovery and adaptation.

    However, aspects of the marine environment may nurture, or hinder, a coral’s heat stress response. These include water temperatures, nutrient conditions, and the symbiotic algae living inside coral tissue.

    We found corals living in warmer regions, such as the northern Great Barrier Reef, can handle higher water temperatures. However, because the water is so warm in these areas, the corals are already pushed close to their temperature limits.

    Corals in the southern Great Barrier Reef cannot handle temperatures as high as their northern neighbours. Our findings suggest these corals can tolerate more warming above their local temperatures than corals to the north.

    These tolerance patterns may affect which corals survive marine heatwaves.

    Giving our reefs a future

    Our findings have potentially important implications for the ability of corals to adapt to warmer seas under climate change.

    The results may also inform reef restoration and conservation efforts. For example, heat-tolerant parent corals could be selectively bred to produce offspring better suited to warmer waters.

    The success of such programs depends on the extent to which a coral’s genetic makeup controls its tolerance to heat. So, the next step in this research is investigating these genetic differences.

    Selective breeding trials are already underway, using the most heat-tolerant corals identified in this study.

    When it comes to protecting our coral reefs, reducing greenhouse gas emissions is imperative. However, interventions such as selective breeding may be useful supplements to give coral reefs the best future possible.

    Melissa Naugle receives funding from the Reef Restoration and Adaptation Program, funded by the partnership between the Australian government’s Reef Trust and the Great Barrier Reef Foundation.

    Emily Howells receives funding from the Reef Restoration and Adaptation Program, funded by the partnership between the Australian government’s Reef Trust and the Great Barrier Reef Foundation.

    Line Bay works for the Australian Institute of Marine Science, a publicly funded research organisation that receives funding from the Australian government, state government departments, foundations and private industry. She receives funding from the Reef Restoration and Adaptation Program, a partnership between the Australian Governments Reef Trust and the Great Barrier Reef Foundation, Revive and Restore, the Paul G Allen Family Foundation and BHP.

    – ref. Scientists discover heat-tolerant corals hidden in plain sight. Could it help protect the Great Barrier Reef? – https://theconversation.com/scientists-discover-heat-tolerant-corals-hidden-in-plain-sight-could-it-help-protect-the-great-barrier-reef-231823

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: The internet can be toxic. But there are also online oases where mutual care flourishes

    Source: The Conversation (Au and NZ) – By George Buchanan, Deputy Dean, School of Computing Technologies, RMIT University

    Chun photographer/Shutterstock

    This piece is part of a series on the great internet letdown. Read the rest of the series.

    The internet can be a toxic place. Disinformation, hate speech and trolling are not just abundant – they are encouraged by the economy of clicks which governs many online platforms. There are no good clicks, no bad clicks, only clicks. By that metric, mutual hostility is great, because it results in lots of clicks.

    But this is only one side of the web.

    As I have discovered in my research there are also lesser-known places on the internet where mutual care flourishes.

    These online oases are built, carefully tended, and fiercely protected by dedicated people who usually share a niche interest. Members connect and share information with each other that can often be life-changing, helping them overcome personal barriers both great and small.

    Informal networks

    “Informal networks” are social connections that allow people to share information around a common interest or need.

    In the past, a version of this would be village gossip. In times of urgency, this grapevine of social connections ensured people could respond without waiting for the next newspaper – or attend to matters the newspaper would not even cover.

    Today, while geographically bounded informal networks are dissolving, they are forming online.

    For example, people who have relatively rare chronic conditions can find others on Facebook or in online forums who can provide information on lived experience, tips on how to get quality medical care or ideas for how to continue with a sport.

    These networks often exist in a dual world, both online and in person.

    Many people find each other and create informal networks on Facebook and in online forums.
    BlurryMe/Shutterstock

    Finding the right people

    Diabetes is an increasingly common condition, and it makes everyday life more complex and challenging.

    In my own research, I discovered a group of keen runners with diabetes who were initially strangers but became connected through chance social encounters. They bonded over a shared challenge: how to find the right diet and manage blood sugar levels so they could keep running.

    One runner explained that “finding the right people saved the life I loved, maybe even my life”. This network includes a dietitian and a sports scientist, and provides information and guidance that would never appear in a book.

    Local and family history is another topic around which online informal networks form.

    Often, specific knowledge is key, as one member of an online local history group explained:

    when I was trying to get access to the [local archive] I found it really difficult to get the archivist to be helpful […] I got guidance [via an online group] on how to get on her right side, so I could get what I was after.

    Again, this isn’t the sort of knowledge that is going to be published. But it is vital for those pursuing it out of interest.

    The opposite of division

    These informal networks present a stark contrast to the divisive pattern found in some parts of the web. Too-frequent posting and divisive or offensive attitudes are quickly going to get you expelled.

    Those who run the Facebook groups and online forums I research are usually volunteers. The main source of information is other members, so there is an inherent need to be a good citizen. As one person explained:

    I want the community to work, but I have no time or patience for people who are being disruptive.

    Status comes from being friendly, constructive and informative, and there is an expectation of reciprocal behaviour. Many groups, such as the runners with diabetes, encounter each other in real life and are located in a set geographical area.

    People researching local and family histories often connect through online informal networks.
    NATALIA61/Shutterstock

    Discussions often occur across time, spanning in-person chats over coffee, chance encounters at an event, online one-to-one messaging and forum posts. The network spans different social and technological contexts.

    The value of these online informal networks is getting knowledge of real experience, and often the emotional support needed to put that experience into practice.

    While commercial online platforms value conflict, as it produces enraged engagement and higher advertising revenue, the currencies of these networks are empathy and insight.

    A new model

    However, the pressures of the world outside the online oasis still exist. Most groups need occasional policing. For example, moderators of a diabetic discussion forum have continually had to expel people touting “snake oil” solutions.

    More often, though, anti-social behaviour results in participants being ignored and left on their own. A rogue post will more likely result in a telling off from other posters than the moderator needing to step in. Everyone is involved in both creating and defending the value of the informal network.

    Unlike many parts of the internet, online informal networks don’t care about clicks: they survive on real-world benefit. They dissolve when they no longer deliver the benefits people want or need.

    Instead of just thinking about clicks, the companies controlling major online platforms could help improve the internet by learning from what is valued in informal networks.

    George Buchanan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The internet can be toxic. But there are also online oases where mutual care flourishes – https://theconversation.com/the-internet-can-be-toxic-but-there-are-also-online-oases-where-mutual-care-flourishes-237769

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Canada: Province expanding recovery support in Red Deer

    Source: Government of Canada regional news

    Alberta’s government has built a system of care based on the belief that recovery is possible for those suffering from the disease of addiction. The focus has been on reducing barriers to recovery by increasing capacity and ensuring that no one is forced to pay for life-saving addiction treatment. Since 2019, the province has added more than 10,000 new addiction treatment spaces. It has also removed financial barriers and pioneered a program for immediate, same-day access to life-saving evidence-based treatment medication.

    Red Deer is home to Alberta’s first of 11 recovery communities being built by the province. This facility opened its doors in May 2023 and has become a beacon of hope for those suffering from addiction, along with their families. Red Deer was also the first in Alberta to open a Therapeutic Living Unit within its correctional center. This means the recovery community model of treatment has been adopted in corrections, lowering the chances of reoffending and breaking the cycle of addiction and crime in individuals’ lives. Access to opioid agonist therapy has been expanded to police cells through the Virtual Opioid Dependency Program and can also be administered by specialized paramedics with support from the province.

    Earlier this year, Red Deer city council put forward and passed a motion requesting a transition of the drug consumption site to instead implement options focused on health, wellness and recovery.

    In response to this request, Alberta’s government has committed $3.4 million to provide the following:

    • A Mobile Rapid Access Addiction Medicine clinic operated by Recovery Alberta, located in the homeless shelter parking lot. This will offer screening, diagnosis and referral to services; access to the Virtual Opioid Dependency Program; and education, naloxone kits and needle exchange.
    • A Dynamic Overdose Response Team of paramedics and licensed practical nurses to monitor a designated area of the Safe Harbour shelter facility, as well as the surrounding block.
    • Recovery coaches in and around the homeless shelter to provide outreach services and help guide individuals along the path of recovery.
    • Enhancements to medically supported detox capacity in partnership with Safe Harbour that will help more people safely withdraw from substances so they can continue their pursuit of recovery.

    In addition, Alberta’s government recently provided more than $1.2 million over the next two years to the Red Deer Dream Centre to support 20 additional publicly funded addiction treatment beds.

    “Our government will always listen to and take seriously the feedback we receive from elected local leaders. This is a well-thought-out plan that aligns with Red Deer’s needs and requests, which is why the province is making these changes and increasing support for the community. We remain committed to protecting the health and well-being of Albertans while actively supporting connections to treatment and recovery.”

    Dan Williams, Minister of Mental Health and Addiction

    “Our council is pleased to see this new path forward for recovery-oriented services in Red Deer. At the heart of our council’s and community’s efforts is the belief that recovery is possible for everyone, especially the most vulnerable. This is a complex challenge and only by working with all our partners at the province, agencies, businesses, faith communities and all Red Deerians will we create a safe, healthy and prosperous community. We look forward to close collaboration with the province as these changes are made.”

    Ken Johnston, mayor, City of Red Deer

    Alberta’s government is working closely with the City of Red Deer, Safe Harbour Society, Recovery Alberta and others to implement these supports starting this fall.

    Since October 2018, the Red Deer drug consumption site has been operating at a temporary site within an ATCO trailer in the parking lot next to Safe Harbour Society’s detox building. As requested by the city council, the drug consumption site will be transitioned out of Red Deer once all other services are operational, which is anticipated to be in spring 2025. The program expansion for recovery services represents a net increase in programming and staffing. 

    “We look forward to bringing a new service to Red Deer with the opening of a Mobile Rapid Access Addiction Medicine clinic. With this and the new outreach services being put in place, Recovery Alberta will provide opportunities for those facing addiction and mental health issues to access support on an ongoing basis.”

    Kerry Bales, CEO, Recovery Alberta

    “I am pleased to see that Alberta’s government is working collaboratively with our local government and service providers. This plan ensures we prioritize Red Deer’s needs while also supporting individuals in their pursuit of recovery.”

    Adriana LaGrange, MLA for Red Deer-North

    “Red Deer is a beautiful community with wonderful families and individuals. Transitioning the drug site out of Red Deer and focusing on recovery is the right thing to do. Thank you to the Government of Alberta and Red Deer City Council for leading, listening and doing what is right.”

    Jason Stephan, MLA for Red Deer-South

    “We are pleased to partner with Alberta’s government, Recovery Alberta and the City of Red Deer to increase access to addiction and detox services for those accessing supports at Safe Harbour. This partnership profoundly enhances our capacity to meet the needs of community members challenged by addiction and to support them in their recovery journey.”

    Perry Goddard, executive director, Safe Harbour Society

    Alberta is making record investments and removing barriers to recovery-oriented supports for all Albertans, regardless of where they live or their financial situation. This includes the addition of more than 10,000 new publicly funded addiction treatment spaces, expanded access to the Virtual Opioid Dependency Program—which provides same-day access to life-saving treatment medication—the removal of daily user fees for publicly funded live-in treatment, and the construction of 11 world-class recovery communities.

    Quick facts

    • Albertans struggling with opioid addiction can contact the Virtual Opioid Dependency Program (VODP) by calling 1-844-383-7688, seven days a week, from 6 a.m. to midnight. VODP provides same-day access to addiction medicine specialists. There is no wait list.

    Related information

    • Alberta Recovery Model
    • Recovery communities

    Related news

    • City Council requests the Province of Alberta make changes to OPS in Red Deer (Feb. 16, 2024)
    • Next steps for Red Deer overdose prevention site (Feb. 3, 2023)
    • Alberta’s first recovery community nearly complete (Oct. 1, 2022)
    • Red Deer police to offer drug addiction treatment (Jul. 19, 2022)

    MIL OSI Canada News –

  • MIL-OSI USA: Rutherford Opposes Florida’s Amendments 3 and 4

    Source: United States House of Representatives – Congressman John Rutherford (4th District of Florida)

    WASHINGTON, D.C. – On Friday, U.S. Congressman John H. Rutherford (FL-05) stood in strong opposition to Florida’s Constitutional referendum process, as well as Amendments 3 and 4, during a Special Order Hour on the U.S. House Floor.

    Watch the full remarks:

    [embedded content]

    “This November, Floridians are being asked to vote on state Constitutional amendments,” said Rutherford. “Not only am I opposed to both Amendments 3 and 4, but I am vehemently against using the referendum process to legislate.

    “We have a legislature. We have a process to pass laws that does not involve radically changing our Constitution. The referendum process seeks to circumvent Florida’s legislative process by offering quick, ‘easy,’ and often worse fixes to complicated problems.

    “Referendums are shortcuts to hard answers. In order to govern well, we must leave the legislating to our legislature, not special interest groups.”

    MIL OSI USA News –

  • MIL-OSI USA: Neal Statement on USTR Enforcement Action under the U.S.-Peru Trade Promotion Agreement

    Source: United States House of Representatives – Congressman Richard Neal (D-MA)

    Ways and Means Committee Ranking Member released the following statement after the United States Trade Representative (USTR) announced enforcement action under the United States-Peru Trade Promotion Agreement (PTPA):

    “Today’s timber enforcement action demonstrates the unwavering commitment of USTR and the Biden-Harris Administration to protecting our workers and environment. Step-by-step the Administration and House Democrats are shaping international trade to be a force for good in our communities, with House Democrats leading the effort to include the first-of-its-kind timber agreement in the Peru FTA. We structured the agreement to ensure that Peruvian timber doesn’t contribute to deforestation and that illegal loggers who do engage in unfair trade practices are held accountable. With this strong enforcement, we are standing up for American workers, our industry, and environment.

    Ways and Means Ranking Member Neal continued, “The U.S. Trade Representative, Ambassador Katherine Tai, deserves credit for her unfailing commitment to enforcing trade rules, with Congressman Earl Blumenauer as the driving force behind the Peruvian Forestry Annex when it was negotiated and leading on every major environmental advancement in trade policy for the two decades. Earl’s leadership will be sorely missed, but his legacy will endure and House Democrats will proudly carry his mantel forward.” 

    The PTPA contains a landmark Environment Chapter and Forest Annex, which includes a requirement for Peru to conduct audits and verifications of particular timber producers and exporters upon request from the United States. The agreement also provides for U.S. participation in the verification process and permits the United States to take compliance measures based on the results of a verification. Since the signing of the PTPA, the United States and Peru have cooperated in efforts to ensure the sustainable management of natural resources, however serious concerns about illegal logging in Peru remain. 

    ###

    MIL OSI USA News –