NewzIntel.com

Category: Americas

  • MIL-OSI USA: Rescheduled: Rep. Adams In-Person Town Hall

    Source: United States House of Representatives – Congresswoman Alma Adams (12th District of North Carolina)

    Charlotte, N.C. ‒ Due to inclement weather, Congresswoman Alma Adams’ in-person town hall has been rescheduled for Thursday, March 6, 2025.

    WHO: Congresswoman Alma S. Adams, PhD 

    WHAT: In-person town hall 

    WHEN: Thursday, March 6, 2025 at 6:30 PM 

    WHERE: Mayfield Memorial Missionary Baptist Church 

    700 W Sugar Creek Rd, Charlotte, NC 28213 

    Residents of the 12th District wishing to attend the event are highly encouraged to sign up here. 

    Credentialed press wishing to attend the event MUST sign up here. 

    MIL OSI USA News –

  • MIL-OSI USA: Rep. LaMalfa Annouces the 2025 Congressional Art Competition

    Source: United States House of Representatives – Congressman Doug LaMalfa 1st District of California

    (Washington, D.C.) – Today, Congressman Doug LaMalfa (R-Richvale) announced that the 2025 Congressional Art Competition is now open to all high school students in the 1st District. This year’s theme is “California Gold”. Competition guidelines and additional information can be found on the Congressman’s website. The deadline to apply is Friday, April 25th.

    The overall winning artwork will be displayed for one year in the U.S. Capitol along with other contest winners from all the other Congressional districts nation-wide.

    “I’m pleased to announce that this year’s Congressional Art Competition is now open, with the theme ‘California Gold.’ This competition gives talented young artists a chance to showcase their work on a national stage and brings a piece of Northern California to the halls of the U.S. Capitol. I look forward to seeing all the incredible submissions,” said Rep. LaMalfa.

    Congressman Doug LaMalfa is Chairman of the Congressional Western Caucus and a lifelong farmer representing California’s First Congressional District, including Butte, Colusa, Glenn, Lassen, Modoc, Shasta, Siskiyou, Sutter, Tehama and Yuba Counties.

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    MIL OSI USA News –

  • MIL-OSI USA: Case Reintroduces Measures To Halt Potentially Destructive Deep-Seabed Mining

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01) has reintroduced two measures in the 119th Congress (2025-2027) calling for moratoria on the mining of our world’s deep seabed unless and until its potentially destructive consequences are fully understood and an appropriate international protective regulatory regime is established.

    “Our deep oceans and seabed are the last unexplored regions of our world, yet what we do know of them is that they are among our most intricate and fragile,” said Congressman Case.

    “Over half of all known coral species are found in the deep sea, and as many as 10 million marine species may inhabit the deep sea, a massive and interrelated biodiversity seen nearly nowhere else on the planet.”

    Joining Case as co-sponsors of the measures are Members of Congress Jared Huffman (D-CA-02), the ranking member (senior Democrat) of the House Natural Resources Committee, Suzanne Bonamici (D-OR-01), Chellie Pingree (D-ME-1), Rashida Tlaib (D-MI-12), and Eleanor Holmes Norton (D-DC).

    “Mining in pristine, fragile ecosystems like the seabed could open a Pandora’s box of unintended consequences, ranging from decimating fish and marine mammal populations to destroying ecosystems and inhibiting carbon sequestration,” said Congressman Huffman.

    “Extracting industries should not have carte blanche access to what are some of the last untouched places on our planet. I’m glad to join Rep. Case in these bills to prevent the exploitation of seabeds before the proper research and regulations can be established.”

    “Deep sea mining poses significant risks. It has the potential to disrupt delicate ocean chemistry, harm deep sea life, and increase ocean acidification,” said Congresswoman Bonamici. “I’m grateful to partner with Congressman Case on this moratorium to protect the ocean ecosystem from exploitation.”

    “Deep sea mining can devastate our marine habitats and the species that live there, as well as negatively impact our climate,” said Congresswoman Norton.  “I’m proud to join Congressman Case in supporting legislation to pause our deep-sea mining activity pending further study and ensure we do not sign off on any harmful deep sea mining activities abroad.”

    Case continued: “Some of these species have had surprising benefits to humanity, including enzymes from one microbe found in deep-sea hydrothermal vents being used to develop COVID-19 tests. In addition, the deep ocean is one of our planet’s largest and most important stores of carbon and could play a critical role in the fight against climate change.”

    Among the deep-seabed mining areas most sought after by the industry for immediate unregulated mining is the Clarion-Clipperton Zone, an abyssal plain as wide as the continental United States punctuated by seamounts which extends to just hundreds of miles southeast of Hawai‘i Island. Yet little if anything material is known about the marine ecosystem of this area or its connection to Hawaii’s own unique marine and related ecosystem.

    “The marine life and natural processes not only of this zone but of our world’s oceans, and their relationships to our international ecosystems in terms of biodiversity, weather and other macro-environmental interdependencies, are in all likelihood imperiled by the imminent commencement of large-scale unregulated commercial seabed mining operations,” said Case. “Seabed mining could take a number of destructive forms, including methods which would shear off seamounts on the ocean floor, the functional equivalent of strip mining.”

    Case said the American Seabed Protection Act will place a moratorium on deep-sea mining activities in American waters or by American companies on the high seas. It also tasks the National Oceanic and Atmospheric Administration and the National Academies of Science with conducting a comprehensive assessment of how mining activities could affect ocean species, carbon sequestration processes and communities that rely on the ocean.

    The International Seabed Protection Act will require the United States to oppose international and other national seabed mining efforts until the President certifies that the International Seabed Authority has adopted a suitable regulatory framework which will guarantee protection for these unique ecosystems and the communities that rely on them.

    The introduction of the measures comes as the International Seabed Authority considers regulations that could open the international seabed for mining.  While both companies and countries are lining up to secure mining permits, many are concerned about the impact on marine ecosystems, habitats and communities.

    “The more we learn about the deep ocean, the more we understand its essential connections to the health of the entire ocean and to the climate,” said Addie Haughey, Earthjustice Legislative Director for Lands, Wildlife and Oceans.

    “Some mining industry interests would unleash unproven technology in sensitive and still unknown deep ocean ecosystems that belong to all of us. This gamble with the ocean, with a dubious rate of return economically, is not worth it. We support this legislation and appreciate Rep. Case’s vital leadership on this important effort.”

    The bills are also endorsed by the Benioff Ocean Science Lab, the Deep Sea Conservation Coalition, Earthworks, Marine Conservation Institute, Blue Climate Initiative – Tetiaroa Society and the Natural Resources Defense Council.

    Case summarized: “Paired together, these bills will establish the United States as an international leader in protecting our precious oceans through a responsible process to address the potentially devastating effects of

    Attachments:

    ·         Text for the American Seabed Protection Act is here.

    ·         Text for the International Seabed Protection Act is here.

    ·         Text of Case remarks on the measures is here.

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    MIL OSI USA News –

  • MIL-OSI USA: Reps. Lee, Amodei Introduce Bipartisan Legislation to Expand Health Care for NV Veterans’ Exposed to Radiation and Toxins

    Source: United States House of Representatives – Congresswoman Susie Lee (NV-03)

    WASHINGTON – Congresswoman Susie Lee (NV-03) and Republican Congressman Mark Amodei (NV-04) introduced bipartisan legislation expanding access to health care for Nevada veterans who have suffered from exposure to radiation and toxic materials as a result of nuclear testing in Nevada. The Presumption for Radiation or Toxin Exposure Coverage for Troops (PROTECT) Act would establish a presumption that certain veterans were exposed to radiation and other toxins at the Nevada Test and Training Range (NTTR). 

    In 2000, Congress passed the Energy Employee Occupational Illness Compensation Act (EEOICPA) which entitled nuclear weapons workers as well as some Department of Energy personnel to receive free medical treatment and fair financial compensation for specific illnesses they contracted as a result of nuclear weapons production and testing. However, it did not cover veterans not involved in DOE operations or that were otherwise omitted for national security reasons. This bipartisan legislation would expand similar VA benefits to veterans that were assigned to impacted areas of NTTR, offering them the potentially life-saving medical treatment and financial compensation they need and deserve. 

    “Our men and women in uniform make countless sacrifices to keep our nation safe, so it’s our duty to protect them from invisible enemies like toxic radiation exposure,” said Congresswoman Susie Lee. “I helped pass the bipartisan PACT Act to do just that, and I’m continuing that work to get these veterans the long overdue care they deserve. This legislation will help save lives and bring justice to thousands of veterans who proudly served our country.” 

    “Veterans, who made such selfless sacrifices for our nation, should not have to move mountains to prove they are suffering as a result of their service,” said Rep. Mark Amodei. “Yet, hundreds of veterans who were stationed at the NTTR during that time frame have been denied the benefits they rightfully earned because exposure to toxic chemicals is microscopic, often referred to as the invisible enemy. I will continue to amplify the indisputable access to care our veterans deserve throughout their post-service lives.” 

    The legislation is endorsed by The Invisible Enemy, a veterans-rights organization composed of veterans and downwinders fighting for the thousands of military personnel who suffered or died from exposure to toxic radiation and materials from decades of nuclear weapons testing at NTTR. You can read more about their work here. 

     

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    MIL OSI USA News –

  • MIL-OSI USA: Reschenthaler, Titus Reintroduce Bipartisan Bill to Repeal Excise Tax on Legal Sports Bets

    Source: United States House of Representatives – Congressman Guy Reschenthaler (PA-14)

    February 19, 2025

    WASHINGTON, D.C. – Chief Deputy Whip Guy Reschenthaler (R-PA) and Representative Dina Titus (D-NV), co-chairs of the bipartisan Congressional Gaming Caucus, reintroduced the Discriminatory Gaming Tax Repeal Act of 2025, legislation to repeal the 0.25% excise tax placed on all legal sports bets, known as the “handle tax.”

    “The U.S. gaming industry provides over one million jobs, including over 33,000 jobs in Pennsylvania, and generates more than 70 billion dollars for state and local governments throughout the country,” said Reschenthaler. “Unfortunately, outdated tax codes and burdensome regulations penalize legal operators and incentivize illegal activity. The Discriminatory Gaming Tax Repeal Act of 2025 will ensure the gaming industry can support good-paying jobs and promote economic growth in southwestern Pennsylvania and across the nation. I’m proud to join Gaming Caucus Co-Chair Titus in reintroducing this bipartisan legislation, and I urge our colleagues in the House to support it.”

    “The Discriminatory Gaming Tax Repeal Act of 2025 repeals a tax that does nothing except penalize legal gaming operators for creating thousands of jobs in Nevada and 37 other states around the nation,” said Titus. “Illegal sportsbooks do not pay the .25% sports handle tax and the accompanying $50 per head tax on sportsbook employees, giving them an unfair advantage. I once asked the IRS where the revenue from the handle tax went in the federal budget and they didn’t even know. It makes no sense to give the illegal market an edge over legal sports books with a tax the federal government does not even track.”

    Pennsylvania ranks second in the nation for total gaming revenue generated, grossing $5.86 billion in 2023. The state also brought in $2.3 billion in direct gaming tax revenue in 2023, the highest amount in the nation.

    The Congressional Gaming Caucus comprises a broad representation of more than 20 members of Congress from across the country. It serves as a platform to discuss federal policy issues related to the U.S. gaming industry and educate congressional colleagues on related regulatory and legislative matters.

    Reschenthaler and Titus also introduced this legislation in the 117th and 118th Congress.

    View the full bill here.

    MIL OSI USA News –

  • MIL-OSI USA: Chairmen Guthrie and Palmer Announce Oversight & Investigations Subcommittee Hearing Probing the Biden Administration’s Energy and Environment Spending

    Source: United States House of Representatives – Congressman Gary Palmer (R-AL)

    WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, and Congressman Gary Palmer (AL-06), Chairman of the Subcommittee on Oversight & Investigations, announced the first hearing of the 119th Congress for the Subcommittee on Oversight & Investigations titled Examining the Biden Administration’s Energy and Environment Spending Push. 

    “In its final months, the Biden-Harris Administration handed out billions of dollars in energy and environment grants and loans at an unprecedented pace, exacerbating concerns that appropriate vetting and due diligence reviews may not have occurred for some of these awards,” said Chairmen Guthrie and Palmer. “This hearing will provide an opportunity for the Committee to examine this surge in spending and help identify potential misuse of federal funds.”   

    Subcommittee on Oversight and Investigations hearing titled Examining the Biden Administration’s Energy and Environment Spending Push. 

    WHAT: Subcommittee on Oversight and Investigations hearing examining Biden-Harris Administration energy and environment spending.

    DATE: Wednesday, February 26, 2025    

    TIME: 10:30 AM ET 

    LOCATION: 2322 Rayburn House Office Building 

    This notice is at the direction of the Chairman. The hearing will be open to the public and press and will be livestreamed online at energycommerce.house.gov. If you have any questions concerning this hearing, please contact Calvin Huggins at Calvin.Huggins1@mail.house.gov. If you have any press-related questions, please contact Zach Bannon at Zach.Bannon@mail.house.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: Allen Commends U.S. Senate for Confirming Kelly Loeffler as SBA Administrator

    Source: United States House of Representatives – Congressman Rick Allen (R-GA-12)

    Allen Commends U.S. Senate for Confirming Kelly Loeffler as SBA Administrator

    Washington, February 19, 2025

    Today, by a vote of 52-46, the United States Senate confirmed Kelly Loeffler as Administrator of the U.S. Small Business Administration (SBA). Following the Senate vote, Congressman Allen issued the statement below:

    “With Kelly Loeffler at the helm of the SBA, small business owners throughout the state of Georgia and nationwide have a tireless advocate by their side. With her years of experience and success as a business leader, Kelly is well-equipped to assume this role in President Trump’s Administration. I look forward to working alongside her and President Trump to ensure our small businesses thrive as we usher in the Golden Age of America.” 

    MIL OSI USA News –

  • MIL-OSI USA: Casten Statement on Trump’s Power Grab Over FERC, SEC, Independent Agencies

    Source: United States House of Representatives – Representative Sean Casten (IL-06)

    February 19, 2025

    Washington, D.C. — U.S. Congressman Sean Casten (IL-06) released the following statement regarding President Donald Trump’s executive order to strip federal agencies, such as the Federal Energy Regulatory Commission (FERC) and the Securities and Exchange Commission (SEC), of their independence:

    “The president’s latest unlawful and unconstitutional executive order is a move straight out of the Project 2025 playbook that serves no other purpose than to bend independent agencies to his personal will, setting aside over a century of precedent that these agencies rise above politics and put the needs of the American people first.

    “Stripping an agency like FERC of its independence is a gift to fossil fuel companies that know they cannot financially compete with clean energy on their merits. The president has made exceedingly clear that he prioritizes the wants of energy producers over the needs of energy consumers. His actions will directly lead to higher energy costs for the American people while simultaneously driving up profits for his puppeteers in the oil and gas industry.

    “The SEC and other financial institutions have operated independently for decades, ensuring they are focused on safeguarding American investors, consumers, and our financial system. Forcing these agencies to gain approval from the White House before issuing rulemakings does nothing but protect the president’s personal interests while putting American’s hard-earned dollars at risk.”

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    MIL OSI USA News –

  • MIL-OSI USA: Hoyer Statement on President Trump’s Appalling Comments on Ukraine

    Source: United States House of Representatives – Congressman Steny H Hoyer (MD-05)

    WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today in response to the comments made by President Donald J. Trump regarding Ukraine:

    “President Donald Trump’s comments on Ukraine are appalling. By repeating Russian propaganda, our own President dishonors America, and dishonors the brave men and women who have fought so valiantly for democracy and international law. These freedom fighters are defending their homeland and sovereignty against a war criminal who invaded Ukraine without any justifiable cause. 

    “With his comments, President Trump also dishonors all of those democracies who have supported President Zelenskyy in his leadership to defeat a craven dictator.

    “It is now obvious why Zelenskyy was not included in the discussions so critical to the future of Ukraine. President Trump is clearly adopting Putin’s argument, which has been rejected by the free world and the United States of America in a bipartisan fashion. Every American and every Republican and Democrat who loves freedom and opposes dictators and war criminals should be speaking out forcefully in opposition to this Putin lie that, shockingly, Trump has parroted. His relationship with this despot is dangerous and despicable.”

    MIL OSI USA News –

  • MIL-OSI USA: Connolly Announces New Effort To Hear From Americans Hurt By Trump Actions

    Source: United States House of Representatives – Representative Gerry Connolly (D-Va)

    Today, Congressman Gerry Connolly (D-VA), the Ranking Member of the House Committee on Oversight and Government Reform, joined Democratic Leader Hakeem Jeffries and House Democrats in announcing a new effort to hear directly from Americans harmed by the Trump Administration.

    “If you have lost your job, been denied important services, or face other impacts because of Donald Trump and Elon Musk’s extreme, illegal, and unconstitutional actions, we need to hear directly from you,” said Connolly. “House Democrats are challenging Trump and Musk in Congress, the courts, and in our communities. With your personal stories, we will be better able to fight to protect you and other Americans.”

    Americans hurt by recent Trump Administration policies can share their story at democraticleader.house.gov/shareyourstory. With this information, House Democrats will help prepare direct responses to expose and stop the Trump Administration’s extreme, illegal, and unconstitutional actions.

    Ranking Member Connolly and Democrats on the Committee on Oversight and Government Reform have also established a whistleblower tipline to gather information regarding potential wrongdoing, abuses of power, and threats to federal workers. Federal workers who have witnessed or been subjected to any action that violates their rights or goes against the Constitution can blow the whistle at oversightdemocrats.house.gov/contact/tip-line.

    Constituents of Virginia’s 11th District can contact Congressman Connolly via his website, or by calling his office at (703) 256-3071.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Harris Sends Letter To Constituents On The High Costs Of Energy In Maryland

    Source: United States House of Representatives – Congressman Andy Harris (MD-01)

    Washington, D.C. – Congressman Harris, M.D. sent the following letter to his constituents in response to numerous concerns about the rising costs of energy in Maryland. 

    The letter can be read below: 

    Dear Friend, 

    For the last four years, the Biden-Harris administration implemented anti-domestic energy policies, suspended oil and gas leasing on federal land, and enforced costly energy regulations.

    In Maryland, the General Assembly followed suit by passing their own version of the “Green New Deal Scam” and mandating utilities to add new taxes and fees to your power bills.

    The result? Marylanders are struggling more than ever to afford these unnecessary, sky-high energy bills. Nearly every day, my constituents call to inform me that their recent energy bills have increased resulting in staggering charges compared to previous winter seasons. This cannot continue.

    In Congress, I’m fighting to LOWER your energy bills. Last week, the House of Representatives passed the Protecting American Energy Production Act, which promotes domestic energy production and allows for fewer regulations on natural gas production.

    Since taking office, the Trump administration has made energy a focus; declaring a national energy emergency, promoting domestic fossil energy production, and rolling back red-tape regulations that increase energy prices.

    These actions will help energy production nationally but leaders in the Maryland General Assembly must ACT. They should no longer put “green new deal” policies above common sense. 

    The Maryland General Assembly should also work expeditiously to halt the expected June 1, 2025, closures of the Brandon Shores and Wagner power plants, two of our last remaining in-state energy sources. Instead, the General Assembly is focusing their “Green New Scam” wish list on attempts to expand solar on rural and agricultural land.

    Leaders in Maryland should listen to their constituents; they should understand the frustration with high energy bills and the fact that this was brought upon them by the actions of the Maryland General Assembly, which has mandated expensive, undependable sources of energy — including offshore wind.

    Recently, I sat down with Spotlight on Maryland to reiterate my concerns about the high costs of energy in Maryland.

    The letter concludes by listing several resources constituents can utilize if they are experiencing high energy costs in their homes or businesses. 

    For media inquiries, please contact Anna Adamian at Anna.A@mail.house.gov

    MIL OSI USA News –

  • MIL-OSI USA: Pallone Slams Trump’s Layoffs to 9/11 First Responder Health Care Program Workers, Calls It a Betrayal of Heroes

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    PISCATAWAY, NJ – Congressman Frank Pallone, Jr., Ranking Member of the House Energy and Commerce Committee, is calling out the Trump Administration’s reckless decision to gut the World Trade Center Health Program (WTCHP), a move that puts the health of 9/11 first responders and survivors at risk. The Administration has already laid off up to 20% of program staff—jeopardizing the program’s ability to provide life-saving care, including at Rutgers’ Environmental & Occupational Health Sciences Institute (EOHSI) in Piscataway, which has treated thousands of responders and survivors over the years.

    Pallone has already heard from constituents who are alarmed by the cuts, including Frank Granger from Piscataway, a 9/11 responder who developed terminal cancer due to his exposure at Ground Zero. In a message submitted through Pallone’s website, Granger wrote:

    “Hello sir. Thank God we are fighting back. I am a 9/11 responder who developed terminal cancer as a result of my time spent at Ground Zero and I’m concerned among other things that my 9/11 health care will be taken away. Please fight this tyrant, sir. Americans like myself are behind you 100%.”

    “These latest DOGE purges are an absolute disgrace,” said Pallone. “Thousands of responders and survivors depend on the care they receive through the World Trade Center Health Program, including many treated right here in New Jersey at Rutgers’ EOHSI clinic. Trump’s decision to allow his lackey Elon Musk to eliminate these critical jobs isn’t just cruel, it’s a betrayal of the heroes who risked everything to protect our country after 9/11. First responders shouldn’t have to beg for the care they earned. I fought to create this program, and I will fight like hell to protect it.”

    Pallone has been a longtime champion for 9/11 first responders. He helped negotiate the House passage of the bipartisan James Zadroga 9/11 Health and Compensation Act of 2010, which established the WTCHP and the Nationwide Provider Network. The law also created the Rutgers clinic, which continues to provide critical medical care to responders across the region.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Robert Aderholt Hosts Law Enforcement Summit in Northport, Alabama

    Source: United States House of Representatives – Congressman Robert Aderholt (AL-04)

    Northport, AL – Congressman Robert Aderholt (AL-04) today hosted a Law Enforcement Summit in Northport, Alabama, bringing together law enforcement officials from across North Alabama to strengthen collaboration between local, state, and federal agencies. The summit focused on some of the most pressing issues facing law enforcement today—illegal immigration, drug trafficking, and cyber crimes.

    The event featured speakers from the Drug Enforcement Administration (DEA) and Immigration and Customs Enforcement (ICE), among other agencies, who provided critical updates and strategies to combat crime and enhance public safety.

    “This summit is about bringing law enforcement officers together to share information, strengthen partnerships, and ensure that they have the resources they need to do their jobs effectively,” said Congressman Aderholt. “Illegal immigration and drug trafficking continue to be two of the biggest challenges for our law enforcement community, and cyber crimes are evolving at a rapid pace. We must remain vigilant and work together at every level to address these threats head-on.”

    Aderholt emphasized that with the new Trump administration, Congress now has a true partner in tackling these law enforcement challenges.

    “We finally have an administration that is serious about securing the border, stopping the flow of deadly drugs into our communities, and giving law enforcement the tools they need to succeed,” Aderholt stated. “I look forward to working alongside President Trump and my colleagues in Congress to implement strong policies that support our officers and protect the American people.”

    The summit also addressed the latest advancements in policing technology, federal funding opportunities, and the increasing dangers law enforcement officers face in the line of duty. Aderholt reaffirmed his commitment to securing federal resources and advocating for policies that prioritize law enforcement and public safety.

    Congressman Aderholt also extended his sincere gratitude to Tuscaloosa County Probate Judge Rob Robertson and Sheriff Ron Abernathy for hosting the event and for their leadership in supporting law enforcement efforts in the region.

    “I want to personally thank Judge Robertson and Sheriff Abernathy for their dedication to public safety and for helping make this summit possible,” said Aderholt. “Their commitment to our officers and our communities is invaluable, and I appreciate their efforts in bringing together law enforcement professionals from across the region.”

    The Law Enforcement Summit provided a forum for officers and officials to engage in critical discussions, share best practices, and build stronger networks across multiple agencies. Aderholt said he looks forward to continuing these discussions and working closely with law enforcement leaders to address the challenges ahead.

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    MIL OSI USA News –

  • MIL-OSI USA: Dingell, Miller-Meeks Reintroduce Bipartisan Bill to Increase Dental Insurance Access

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Representatives Debbie Dingell (D-MI) and Mariannette Miller-Meeks (R-IA) reintroduced the bipartisan Increasing Access to Dental Insurance Act to expand access to private dental coverage for millions of Americans.

    Currently, Americans are prohibited from purchasing dental coverage on the federal marketplace without also enrolling in a qualified health plan. This requirement has unnecessarily obstructed access to important dental coverage. This legislation would eliminate the prohibition, creating more competition in the marketplace and bringing access to affordable oral health services to more Americans.

    “The health of the mouth is the window into an individual’s overall health, and dental care is absolutely critical for maintaining good health for the whole body. Lack of dental care is linked to many systemic health issues including heart disease and diabetes, but too many people cannot afford to go to the dentist and have the checkups and treatment they need,” Dingell said. “The Increasing Access to Dental Insurance Act will expand access to critical dental coverage through the federal marketplace to deliver more affordable oral health services that meet more Americans’ needs that aren’t being met right now.”

    “Consistent, prophylactic dental care is crucial for robust oral health and hygiene,” said Dr. Miller-Meeks. “Our bipartisan bill is a commonsense measure to promote affordable dental insurance through the federal marketplace. As a physician, I will continue to push for policies that promote better health access and outcomes for Americans.”

    States using state-based marketplaces have improved dental coverage rates by offering consumers dental plans independently of medical plans on the marketplace. This is an important option for people who have medical coverage from an employer or other source, but don’t have dental coverage. However, Americans in states using the federal marketplace don’t have this option.

    Oral health affects more than just the mouth; individuals with dental coverage are significantly more likely to visit the dentist and receive care that prevents and treats common chronic medical conditions including diabetes, heart disease, and kidney disease.

    Groups and stakeholders supporting the bill include the American Association of Kidney Patients, American Council of Life Insurers, American Society of Nephrology, CareQuest Institute for Oral Health, Delta Dental Plans Association, Dialysis Patient Citizens, Families USA, Guardian Life, National Association of Dental Plans, National Kidney Foundation, Nonprofit Kidney Care Alliance, Principal Financial Group, Sun Life, and United Concordia Companies, Inc.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Roy Applauds the Trump Administration for Taking Action to Designate Cartels/Gangs as Foreign Terrorist Organizations (FTO’s)

    Source: United States House of Representatives – Representative Chip Roy (R-TX)

    WASHINGTON —  Rep. Chip Roy (TX-21) issued the following statement today on the Trump administration’s decision to designate several cartels/gangs as foreign terrorist organizations (FTO’s).

    Congressman Roy said: “This is the right move from President Trump and Secretary Rubio. We need to treat these cartels like the terrorists that they truly are, and give law enforcement every possible tool to cut them down hard and fast. That is why I first introduced legislation to do this when I was a freshman congressman back in 2019, and it is why I will keep up the fight to codify this policy into law so that no future president can unilaterally reverse it.”

    Secretary Rubio designated the following cartels/gangs as Foreign Terrorist Organizations:

    • Tren de Aragua
    • Mara Salvatrucha
    • Cartel de Sinaloa
    • Cartel de Jalisco Nueva Generacion
    • Carteles Unidos
    • Cartel del Noreste
    • Cartel del Golfo
    • La Nueva Familia Michoacana

    REP ROY’S PAST ACTIONS:

    2019: Rep. Chip Roy Releases Bill Asking Sec. Pompeo To Designate Cartels Foreign Terrorist Organizations (FTOs)

    2019: Reps. Chip Roy and Mark Green Request Drug Cartels Be Added To Terror List

    2019: To fight Mexican drug cartels, we must designate them Foreign Terrorist Organizations

    2021: Congressman Roy introduces legislation to designate cartels as terrorist organizations

    2022: Rep. Roy’s Statement on Texas Governor Abbott designating Mexican drug cartels as foreign terrorist organizations

    2023: Rep. Roy reintroduces bill to designate cartels as terrorist organizations

    2025: Rep. Roy reintroduces bill to designate drug cartels as foreign terrorist organizations

    ‘One of the most important bills filed during this Congress’: Congressman Roy’s Push to Designate Cartels as Terrorist Organizations

    Drone footage of cartel warfare is ‘indicative’ of danger still present at border, says Rep. Chip Roy

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Ralph Norman Sends Letter to President Trump Medal of Honor to Major James Capers, Jr.

    Source: United States House of Representatives – Congressman Ralph Norman (SC-05)

    Washington, D.C. – Last week, Rep. Ralph Norman (R-SC) and Senator Lindsey Graham sent a letter to President Donald Trump urging him to award Major James Capers, Jr. the Medal of Honor. 

    Major Capers was responsible for incredible acts of valor when his Marine Corps special operations team was ambushed during a mission in Phu Loc, Vietnam in 1967 during the Vietnam War.

    Rep. Norman has introduced legislation to award Major James Capers, Jr. the Medal of Honor during the 117 and 118 Congresses.

    This letter was cosigned by six Senators and forty Members of Congress.

    Background

    The Medal of Honor is awarded to a military service member who: “distinguishes himself conspicuously by gallantry and intrepidity at the risk of his life above and beyond the call of duty.

    1) While engaged in an action against an enemy of the United States;

    2) While engaged in military operations involving conflict with an opposing foreign force; or

    3) While serving with friendly foreign forces engaged in an armed conflict against an opposing armed force in which the United States is not a belligerent party.”

    Major James Capers, Jr., born in Lee County, South Carolina, exemplified actions above and beyond the call of duty, more than meeting the requirements for a Medal of Honor when he led his team of nine out of an ambush where they were outnumbered 3:1 during the Vietnam War.

    Thanks to the selfless sacrifice by Major Capers, all nine members of the team were brought to safety and survived the attack, though all members of the team, including Major Capers, were injured.

    Major Capers, who now resides in North Carolina, served 22 years in the Marine Corps. He served in combat infantry during the Vietnam War, followed by his re-enlistment where he became the first African American to serve in the Marine Corps’ elite special operations unit, Force Recon. 

    During his career, Major Capers and his team conducted over 50 classified missions in Vietnam, amphibious assaults, covert missions to rescue POWs, and a recovery mission for a downed B-57 bomber, while enduring countless injuries including a broken leg.

    He continually sacrificed himself before his team, earning three Purple Hearts, the Silver Star, two Bronze Stars and Combat V, Vietnam Cross of Gallantry, a Joint Service Commendation Medal, Combat Action Ribbon, three Good Conduct Ribbons, Battle Stars, Navy Commendation Medal, Navy Achievement Medal, CG Certificate of Merit, and multiple letters of Merit, Appreciation, and Commendation.

    Upon returning to the U.S., he then became the face of the “Ask a Marine” recruiting campaign.

    At 85 years old, Major James Capers, Jr. continues his public service by mentoring young Marines.

    Statements

    “Mr. James Capers, Jr. is a legend and should be honored as one,” said Rep. Norman in a statement on Wednesday. “He has lived, seen, and done more in this life than most people could dream of. Major Capers has handled every struggle with strength, humility, and grace. He deserves to be honored as a decorated Marine and for his exemplary character.”

    “Major James Capers, Jr. has served his nation with great distinction and is an inspiration to all Marines,” said Senator Lindsey Graham. “I am proud to join my colleagues in honoring him for his heroic and selfless action.”

    “Major James Capers, Jr. overcame humble beginnings to become an American hero,” said Senator Tim Scott. “His sacrifice and selflessness on behalf of his brothers in arms embody the American spirit and what it means to go above and beyond the call of duty. I’m proud to recommend to President Trump that this great South Carolinian be rightfully awarded with the Medal of Honor.”

    “Major James Capers, Jr. is a hero and his battlefield actions during the Vietnam War are worthy of America’s highest military honor,” said Rep. Joe Wilson. “South Carolina is proud of its native son and appreciates his dedicated service to our nation.”

    “Major Capers’ courage and sacrifice exemplify the very best of our nation’s ideals. His heroism deserves the highest recognition, and we strongly urge President Trump to award him the Medal of Honor,” said Rep. Nancy Mace.“Honoring Major Capers is not just about recognizing one Marine’s extraordinary service—it’s about reaffirming our nation’s commitment to those who have given everything in defense of our freedoms.”

    “Major James Capers’ service and sacrifice exemplify the best of our armed forces. His bravery saved lives and demonstrated exceptional leadership,” said Rep. Sheri Biggs. “I proudly stand with my colleagues in urging President Trump to recognize his remarkable service with the Medal of Honor.”

    MIL OSI USA News –

  • MIL-OSI USA: MATSUI STATEMENT ON JAPANESE AMERICAN DAY OF REMEMBRANCE

    Source: United States House of Representatives – Congresswoman Doris Matsui (D-CA)

    SACRAMENTO, CA – Today, Congresswoman Doris Matsui (CA-07), released the following statement on Japanese American Day of Remembrance, the 83nd anniversary of the date in 1942 when President Franklin D. Roosevelt signed Executive Order 9066 – leading to the incarceration of Japanese Americans during World War II. 

     

    “Today marks 83 years since Executive Order 9066 displaced and incarcerated over 120,000 Japanese Americans, including my family,” said Congresswoman Matsui. “Everyday Americans were stripped of their freedom. Many lost everything – their homes, their businesses, and their livelihoods. Day of Remembrance stands as a stark reminder that we cannot afford to be complacent. Our freedoms are not simply self-sustaining. Our democracy is only as strong as our willingness to defend it and stand up to injustice.”

    “We cannot and should not hide from our history,” Matsui continued. “That is the only way we can ensure that it does not repeat itself. Our history is lived experiences. It is the stories of real people, of families, of communities, and of the choices our country has made, both right and wrong. Right now, we are seeing a familiar playbook. The Trump Administration is trying to create a culture of fear and hysteria. Convince us we are hopelessly divided. Disregard due process to detain, expel, and keep vulnerable people down. That is why the Japanese American story must be told and retold. Our community has seen this before. We know all too well the consequences of institutionalized prejudice and discrimination – and Day of Remembrance reminds us that we must remain vigilant to prevent them.” 

    To ensure the continued teaching of Japanese American history, Congresswoman Matsui authored the Norman Y. Mineta Japanese American Confinement Education Act, which was signed by President Biden in January 2023. The bill reauthorized the Japanese American Confinement Site program within the National Park Service. This program has been one of the primary resources in the preservation and interpretation of the U.S. Confinement Sites where Japanese Americans were detained during World War II. Additionally, the legislation established a separate, new five year, $2 million per year competitive grant to create educational materials about the incarceration of Japanese Americans during World War II. 

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Schrier Introduces Bipartisan Legislation to Improve Public Health Preparedness

    Source: United States House of Representatives – Congresswoman Kim Schrier, M.D. (WA-08)

    WASHINGTON, D.C. –Congresswoman Kim Schrier, M.D. (WA-08) introduced the bipartisan Diagnostics Testing Preparedness Plan Act, which would facilitate the innovation and development of diagnostics between the private and public sectors during Public Health Emergencies. Congresswoman Schrier was joined in introducing this legislation by Representatives Miller-Meeks (IA-01), Carson (IN-07), and Crenshaw (TX-02). 

    “Diagnostics are an essential part of public health preparedness and, as was exemplified in the COVID-19 Pandemic when we struggled to provide the testing required to slow the spread of disease while South Korea was doing thousands of drive-thru tests daily, diagnostic testing is especially crucial during a public health emergency,” said Congresswoman Schrier, M.D. “This commonsense, bipartisan bill will improve our clinical and diagnostic laboratory testing capacity, enhance public-private partnerships, and strengthen our overall public health preparedness against illnesses ranging from the seasonal flu to new, emerging threats.”

    The Diagnostics Testing Preparedness Plan Act would require the Department of Health and Human Services (HHS) to develop a strategic plan that supports the rapid deployment of diagnostic tests during public health emergencies. Specifically, HHS would develop and periodically update a plan for rapid development, procurement, and distribution of diagnostic tests during public health emergencies, including laboratory and at-home tests. The plan must promote collaboration among government agencies and private sector stakeholders. 

    “From development to distribution, it is crucial to have a comprehensive plan for diagnostic and clinical lab testing capacities during a public health emergency,” said Dr. Miller-Meeks. “During the COVID-19 pandemic, we saw how critical diagnostic tests were for the public health response. As a physician, I am proud to sponsor this bipartisan bill to ensure the U.S. has a robust response to future public health emergencies.”

    “Diagnostics play a role in every aspect of public health,” said Congressman Carson. “Whether it’s a bad flu season or the outbreak of a new infectious disease like the bird flu, our bill will ensure my district and cities across the country are better coordinated and better prepared to tackle the world’s most serious health problems. I’m honored to work with Roche Diagnostics in my home district and with my colleagues across the aisle on this important bill.”

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Cohen Creates Page for Tracking Worst of Trump’s Dangerous and Illegal Actions

    Source: United States House of Representatives – Congressman Steve Cohen (TN-09)

    MEMPHIS – Congressman Steve Cohen (TN-9) has been appalled at a series of President Trump’s dangerous and illegal actions and has created a “Tracker” page on his official web site to keep track of them. 

    Please consider going to Cohen.House.gov/TrumpAdminTracker to see the full listing and latest updates.

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Jimmy Gomez Honors LA Teacher Veronica Bane for Launching Book Drive Initiative In Response To The LA Fires

    Source: United States House of Representatives – Congressman Jimmy Gomez (CA-34)

    Los Angeles, CA — Today, Congressman Jimmy Gomez (CA-34) visited Alliance Eric & Susan Smidt Tech High School to honor local teacher and author Veronica Bane for her outstanding efforts in supporting schools affected by the recent Palisades and Eaton wildfires. During the event, Congressman Gomez participated in book sorting and distribution activities, toured the Alliance Smidt Tech High School campus, and presented Ms. Bane with a congressional recognition.

    “I’ve been encouraged to see our neighbors come together to rebuild our communities after the LA fires, and Ms. Bane is a shining example of this,” said Rep. Jimmy Gomez. “After the fires, she took quick action and launched a book drive to replenish the libraries of affected schools and families. Her efforts have resulted in 14,000 books that will benefit countless educators and scholars, and it’s an honor to recognize her critical work.”

    “Having Congressman Gomez visit Smidt Tech to support and recognize our efforts to help those who lost their books in the Los Angeles wildfires was an incredibly meaningful and empowering experience for me and my students,” said Veronica Bane, high school English teacher at Smidt Tech High School. “Congressman Gomez eloquently spoke to the necessity of community during harrowing times, and I’m proud to be part of a community that steps up to support their neighbors.”

    “Congressman Jimmy Gomez visited Smidt Tech to present our teacher, Veronica Bane, with a congressional recognition for her leadership in organizing a book drive to support victims of the Eaton and Palisades fires,” said Alex Madueña, Smidt Tech High School Community Schools Coordinator. “Her dedication reflects the values we strive to instill in our students—compassion, initiative, and a commitment to service. Smidt Tech High is deeply connected to our community, and Ms. Bane’s efforts exemplify that spirit. She is not just a treasure to our school but an asset to our city, state, and nation, and we are incredibly proud of the impact she continues to make.”

    In the aftermath of the devastating fires that destroyed over 16,000 structures and claimed at least 29 lives, including significant damage to educational facilities, Ms. Bane, a founding English teacher at Alliance Smidt Tech High School and a young adult author, launched a citywide book drive, successfully collecting over 14,000 new and gently used books from people nationwide, aiming to replenish classroom and family libraries lost in the fires.

    ###

    MIL OSI USA News –

  • MIL-OSI United Nations: IOM-FMM Capacity Building with SMEs on Fair and Ethical Recruitment and Employment of Migrant Workers in Malaysia

    Source: International Organization for Migration (IOM)

    Selangor, Malaysia– IOM Malaysia in collaboration with the Federation of Malaysian Manufacturers (FMM) has kicked off the capacity building sessions on Fair and Ethical Recruitment and Employment of Migrant Workers with Small and Media Enterprises (SMEs) representatives in Malaysia on 13th February 2025 in Kuala Lumpur.  

    SME Representatives deepened their understanding in the implementation of fair and ethical recruitment and employment of migrant workers including human rights due diligence. Throughout the interactive discussion, SME representatives shared their experiences and challenges, identified areas for support in implementing practices. 

    “IOM is pleased to continue our partnership with the Federation of Malaysian Manufacturers (FMM). This is an effort to provide adequate support, especially to SMEs involved in the manufacturing supply chain that employs migrant workers, who constitute 31% of the workforce in this sector in Malaysia. Most importantly, this series of workshops aims to capacitate SMEs to adhere to human rights and labour standards in their operations and throughout their supply chains” Amanda Ng Seang Wei, National Programme Officer.

    SMEs are invited to attend the upcoming free capacity-building sessions this year. The sessions equip participants with the knowledge and tools necessary to: 

    • Identify and mitigate risks associated with migrant labour and human rights violations, thereby safeguarding their operations and reputation.  
    • Understand the international standards and best practices in business ethics, migration policies and human rights protection of migrant workers. 
    • Understand the importance of promoting fair and ethical recruitment and employment of migrant workers to reduce exploitative recruitment and labour practices in their operations and supply chain.  
    • IOM together with FMM will continue to conduct these sessions throughout Malaysia in Melaka, Sarawak, Sabah, Pahang, Kedah, Perak, Penang, and Johor. Any SMEs who are interested in participating in this free training are encouraged to contact FMM through:

      For more information, please contact Amanda Ng Seang Wei at sng@iom.int.
       

      The Migration, Business and Human Rights Programme in Asia (MBHR Asia) is a five-year regional programme and is funded by the European Union and Government of Sweden. The programme will run from 2024-2028 across Cambodia, Malaysia, Nepal, Indonesia, the Philippines, Thailand and Viet Nam.

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: President Lai attends opening of 2025 Halifax Taipei forum

    Source: Republic of China Taiwan

    On the afternoon of February 20, President Lai Ching-te attended the opening of the 2025 Halifax Taipei forum. In remarks, President Lai thanked the Halifax International Security Forum for their strong support for Taiwan, and for having chosen Taiwan as the first location outside North America to hold a forum. Noting that we face a complex global landscape, the president called on the international community to take action. He said that as authoritarianism consolidates, democratic nations must also come closer in solidarity, and called on the international community to create non-red global supply chains, as well as unite to usher in peace. President Lai emphasized that Taiwan will work toward maintaining peace and stability in the Taiwan Strait, and collaborate with democratic partners to form a global alliance for the AI chip industry and together greet a bright, new era.
    A transcript of President Lai’s remarks follows:
    To begin, I want to give a warm welcome to all the distinguished guests here at the very first Halifax Taipei forum. The Halifax International Security Forum, held every year in Canada, has been an important gathering for freedom-loving nations worldwide.
    I would like to thank Halifax and President [Peter] Van Praagh for their strong support for Taiwan. Every year since 2018, Taiwan has been invited to participate in the forum. Last year, former President Tsai Ing-wen was invited to speak, and this year, Halifax has chosen Taiwan as the first location outside North America to hold a forum.
    As President Van Praagh has said, “While the security challenges ahead are too big for any single country to solve alone, there is no challenge that can’t be met when the world’s democracies work together.” Today, we have world leaders and experts who traveled from afar to be here, showing that they value and support Taiwan. It demonstrates solidarity among democracies and the determination to take on challenges as one.
    I would like to express my gratitude and admiration to all of you for serving as defenders of freedom. At this very moment, Russia’s invasion of Ukraine is still ongoing. Authoritarian regimes including China, Russia, North Korea, and Iran continue to consolidate. China is hurting economies around the world through its dumping practices. We face grave challenges to global economic order, democracy, freedom, peace, and stability.
    Taiwan holds a key position on the first island chain, directly facing an authoritarian threat. But we will not be intimidated. We will stand firm and safeguard our national sovereignty, maintain our free and democratic way of life, and uphold peace and stability across the Taiwan Strait. Taiwan cherishes peace, but we also have no delusions about peace. We will uphold the spirit of peace through strength, using concrete actions to build a stronger Taiwan and bolster the free and democratic community.
    I sincerely thank the international community for continuing to attach importance to the situation in the Taiwan Strait. Recently, US President Donald Trump and Japan’s Prime Minister Ishiba Shigeru issued a joint leaders’ statement expressing their firm support for peace and stability across the Taiwan Strait, and for Taiwan’s participation in international affairs.
    As we face a complex global landscape, I call on the international community to take the following actions:
    First, as authoritarianism consolidates, democratic nations must also come closer in solidarity.
    Just a few days ago, the top diplomats of the US, Japan, and South Korea held talks, underlining the importance of maintaining peace and stability across the Taiwan Strait. They also conveyed their stance against “any effort to destabilize democratic institutions, economic independence, and global security.” On these issues, Taiwan will also continue to contribute its utmost.
    I recently announced that we will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. 
    Soon after I assumed office last year, I formed the Whole-of-Society Defense Resilience Committee at the Presidential Office. This committee aims to combine the strengths of government and civil society to enhance our resilience in national defense, economic livelihoods, disaster prevention, and democracy. We will also deepen our strategic partnerships in the democratic community to mutually increase defense resilience, demonstrate deterrence, and achieve our goal of peace throughout the world.
    Second, let’s create non-red global supply chains. 
    For the democratic community to deter the expansion of authoritarianism, it must have strong technological capabilities. These can serve as the backbone of national defense, promote industrial development, and enhance economic resilience. So, in addressing China’s red supply chain and the impact of its dumping, Taiwan is willing and able to work with global democracies to maintain the technological strengths among our partners and build resilient non-red supply chains.
    As a major semiconductor manufacturing nation, Taiwan will introduce an initiative on semiconductor supply chain partnerships for global democracies. We will collaborate with our democratic partners to form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. The achievements of today’s semiconductor industry in Taiwan can be attributed to our collective efforts. Government, industry, academia, and research institutions had to overcome various challenges over the last 50 years for us to secure this position. 
    We hope Taiwan can serve as a base for linking the capabilities of our democratic partners so that each can play a suitable role in the semiconductor industry chain and develop its own strengths, deepening our mutually beneficial cooperation in technology. This benefits all of us. Moreover, it allows us to further enhance deterrence and maintain global security.
    Third, let’s unite to usher in peace.
    China has not stopped intimidating Taiwan politically and militarily. Last year, China launched several large-scale military exercises in the Taiwan Strait. Its escalation of gray-zone aggression now poses a grave threat to the peace and stability of the Indo-Pacific region. As a responsible member of the international community, Taiwan will maintain the status quo. We will not seek conflict. Rather, we are willing to engage in dialogue with China, under the principles of parity and dignity, and work toward maintaining peace and stability in the Taiwan Strait.
    As the agenda of this forum suggests, democracy and freedom create more than just opportunities; they also bring resilience, justice, partnerships, and security.
    Taiwan will continue working alongside its democratic partners to greet a bright, new era. Once again, a warm welcome to all of you. I wish this forum every success. Thank you.
    Also in attendance at the event were Mrs. Abe Akie, wife of the late former Prime Minister Abe Shinzo of Japan, and Halifax International Security Forum President Van Praagh.

    MIL OSI Asia Pacific News –

  • MIL-OSI: cBrain reports EBT of 32% and raises payout ratio to 20%

    Source: GlobeNewswire (MIL-OSI)

     

    Company Announcement no. 03/2025

    cBrain reports EBT of 32% and raises payout ratio to 20%

    Copenhagen, February 20, 2025

    cBrain (NASDAQ: CBRAIN) reports revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023, aligning with the expected revenue growth range of 12-13%.

    Software revenue is 78% of total revenue, while implementation and support services account for 22% of total revenue. Software subscriptions, the majority based on long-term contracts with Danish government customers, account for more than 50 % of the total revenue.

    Earnings before tax (EBT) grew to DKK 86m in 2024, up from DKK 81m in 2023, thereby reaching an EBT margin of 32%. EBT is therefore at the expected EBT margin of 30-32%.

    Due to faster-than-expected global industry changes as well as market uncertainties in the US and Germany, cBrain has held back some of the planned market investments in 2024. This has resulted in costs being lower than expected.

    The results show a strong positive cash flow from operating activities. This enables an increase in dividends and investments in the growth of the company and at the same time reduces long-term loans on cBrain-owned buildings.

    cBrain does not have a share buyback program. However, due to solid earnings, cBrain proposes to raise dividends to DKK 0,64 per share (2023: DKK 0,28 per share) corresponding to a payout ratio of approx. 20% of profit for the year.

    Executing the growth plan
    In 2022, cBrain announced its 2023-2025 growth plan with the goal of consolidating the business model and preparing for long-term growth by positioning itself as a supplier of climate software for government and developing a partner model.

    During the past two years, cBrain has executed this plan and during 2023 and 2024, cBrain has grown, initiated partnerships, and delivered solid results, growing revenue by +42% and growing EBT by +76%.

    The growth plan assumes that government organizations over time will switch from relying on custom-built solutions and best-of-breed architectures to using standard software. The government IT industry is massive and dominated by large suppliers who benefit from consultancy fees and billable hours. This creates significant entry barriers as the classic vendors defend their business, and the growth plan therefore anticipates a long and slow transition to standard software.

    The COTS for government seem to emerge faster than anticipated
    Contrary to these assumptions, cBrain now sees indications that industry shifts toward standard software and platforms are occurring faster than anticipated. Fueled by a lack of skilled IT resources and a growing demand for fast delivery, cBrain sees a rapidly emerging IT industry, referred to as Commercial Off-The-Shelf (COTS) for government. For cBrain, this presents new strategic opportunities.

    COTS for government, leveraging new technologies and platforms such as the F2 Digital Platform, enables digital transformation at higher speed and lower costs that outperform traditional IT modernization.

    For example, cBrain delivered a complete end-to-end digital platform for two new Danish ministries within just three weeks during the autumn of 2024, and in 2025 cBrain has just announced a third new Danish ministry, following a similar fast-track implementation schedule. Traditionally, projects of this nature take years and often fail. The Danish ministerial cases thereby exemplify the power of the COTS for government approach.

    cBrain has a first-mover advantage
    The long-term cBrain growth strategy is founded on a vision and a business case to provide standard software for government. Over the past 15 years, cBrain has invested more than 450,000 hours in developing the F2 platform. Danish ministries and a total of more than 75 Danish authorities use F2 as their digital platform. Internationally cBrain has delivered F2 for government organizations across five continents.

    With a solid first-mover advantage and a strong customer base, cBrain is well-positioned to become a leading international software provider of COTS for government solutions.

    During the year 2024, the accelerated market shift and the power of the COTS for government approaches have opened new opportunities for cBrain. This is exemplified by the recent collaboration between cBrain and UNDP in Africa to support the UNDP Digital Offer for Africa strategy, and larger orders in Romania helping to modernize traditional mainframe-type solutions.

    Reiterating the international growth strategy
    The faster-than-expected market shift, with government looking toward IT modernization and digitization based on the alternative COTS for government approach, clearly represents an incredibly positive development for cBrain.

    cBrain wants to fully take advantage of this, and a solid business with strong cash flow and earnings offer strategic flexibility. Consequently, cBrain is now reiterating and potentially adjusting its international growth strategy.

    This includes evaluating organizational readiness, as well as market and product development strategies, to leverage and maximize the benefits of accelerated industry changes. With the goal of being an internationally leading vendor in the emerging COTS for government industry, cBrain will execute several changes to the growth plan during the spring of 2025.

    Driving international expansion
    With the current Danish customer base, cBrain has a strong home market position. Internationally this is an important reference position, and cBrain intends to maintain and develop a strong position on the Danish market.

    However, to be a leader in the COTS for government industry and fully deploy the potential of the new emerging industry, cBrain will direct more resources into its international business.

    cBrain has built its international business based on organic growth, building the business by addressing international customers directly or in collaboration with local partners. This strategy is maintained, but with an increased focus on working with international partners.

    As of today, over one-third of the total revenue is export. cBrain is currently reiterating and potentially adjusting its international growth strategy with a goal, that within a few years, the international revenue will be significantly larger than the Danish revenue.

    Lifting the business
    During the past two years, cBrain has built a pipeline of potential customers, which are significantly larger than the average Danish customer. This includes projects in Germany and the US, as well as projects in the Emirates, India, Kenya, and Romania.

    For cBrain to be a leader in the COTS for government industry, it is key to building an international business. Backed by a solid financial position, cBrain is therefore shifting a focus to international opportunities. This shift involves changes across the cBrain internal organization, from marketing and sales to delivery and R&D.

    cBrain announced the growth plan in 2022 with an ambition to reach a revenue of 350 million in the year 2025. cBrain continues to execute its growth plan. However, reaching the revenue ambition requires winning and delivering some of the large international contracts cBrain is currently working on.

    cBrain guides continued growth in revenue and solid earnings for 2025
    With limited visibility, cBrain forecasts expected revenue growth in 2025 of 10-15% and earnings before tax (EBT) of 18-23%.

    The earnings forecast is based on solid market development investments into international growth, across the African region, USA, Germany, and India, as well as investments into developing the F2-for-Partners concept.

    Best regards

    Per Tejs Knudsen, CEO

    Inquiries regarding this Company Announcement may be directed to 

    Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 2594 4973

    Attachments

    The MIL Network –

  • MIL-OSI: BE Semiconductor Industries N.V. Announces Q4-24 and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Q4-24 Revenue of € 153.4 Million and Net Income of € 59.3 Million. Operating Results Within Prior Guidance

    FY-24 Revenue of € 607.5 Million and Net Income of € 182.0 Million Up 4.9% and 2.8%, Respectively, vs. FY-23. Orders of € 586.7 Million Up 7.0% vs. FY-23

    Proposed Dividend of € 2.18 per Share for Fiscal 2024. 95% Pay-Out Ratio

    DUIVEN, the Netherlands, Feb. 20, 2025 (GLOBE NEWSWIRE) — BE Semiconductor Industries N.V. (the “Company” or “Besi”) (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the fourth quarter and year ended December 31, 2024.

    Key Highlights Q4-24

    • Revenue of € 153.4 million down 2.0% vs. Q3-24 and 3.9% vs. Q4-23 primarily due to lower demand for automotive applications partially offset by increased hybrid bonding shipments
    • Orders of € 121.9 million down 19.7% vs. Q3-24 and 26.7% vs. Q4-23 due primarily to decreased bookings for high performance computing and mainstream assembly applications
    • Gross margin of 64.0% decreased by 0.7 points vs. Q3-24 and 1.1 points vs. Q4-23 primarily due to adverse net forex influences
    • Net income of € 59.3 million increased 26.7% vs. Q3-24 and 8.0% vs. Q4-23 due to € 18.2 million of net tax benefits realized. As a result, net margin rose to 38.6% vs. 29.9% in Q3-24 and 34.4% in Q4-23
    • Cash and deposits of € 672.3 million at year-end increased 62.6% versus year-end 2023. Net cash of € 143.8 million increased € 33.1 million (29.9%) vs. Q3-24 and € 30.8 million (27.3%) vs. Q4-23

    Key Highlights FY 2024

    • Revenue of € 607.5 million increased 4.9% vs. 2023 principally due to higher demand by computing end-user markets, particularly for hybrid bonding and photonics applications, partially offset by weakness in mobile, automotive and Chinese end-user markets
    • Orders of € 586.7 million rose 7.0% due to strength in 2.5D and 3D AI-related applications
    • Gross margin of 65.2% rose by 0.3 points due to more favorable advanced packaging product mix
    • Net income of € 182.0 million grew 2.8% as higher revenue, gross margin and net tax benefits were partially offset by higher R&D spending and share-based compensation expense. Besi’s net margin decreased slightly to 30.0% vs. 30.6% in 2023
    • Proposed dividend of € 2.18 per share. Represents pay-out ratio of 95%

    Q1-25 Outlook

    • Revenue expected to decrease 0-10% vs. the € 153.4 million reported in Q4-24
    • Gross margin expected to range between 63-65% vs. the 64.0% realized in Q4-24
    • Operating expenses expected to grow 10-20% vs. the € 47.6 million reported in Q4-24
    (€ millions, except EPS) Q4-2024   Q3-2024   Δ Q4-2023  

    Δ

    		 FY-2024   FY-2023   Δ
    Revenue 153.4   156.6   -2.0 % 159.6   -3.9 % 607.5   578.9   +4.9 %
    Orders 121.9   151.8   -19.7 % 166.4   -26.7 % 586.7   548.3   +7.0 %
    Gross Margin 64.0%   64.7%   -0.7   65.1%   -1.1   65.2%   64.9%   +0.3  
    Operating Income 50.6   55.1   -8.2 % 66.1   -23.4 % 195.6   213.4   -8.3 %
    EBITDA 58.0   62.4   -7.1 % 72.7   -20.2 % 224.2   239.1   -6.2 %
    Net Income* 59.3   46.8   +26.7 % 54.9   +8.0 % 182.0   177.1   +2.8 %
    Net Margin* 38.6%   29.9%   +8.7   34.4%   +4.2   30.0%   30.6%   -0.6  
    EPS (basic) 0.75   0.59   +27.1 % 0.71   +5.6 % 2.31   2.28   +1.3 %
    EPS (diluted) 0.74   0.59   +25.4 % 0.68   +8.8 % 2.30   2.23   +3.1 %
    Net Cash and Deposits 143.8   110.7   +29.9 % 113.0   +27.3 % 143.8   113.0   +27.3 %

    * Includes net tax benefit of € 18.2 million in Q4-24 versus a tax charge of € 2.3 million in Q4-23.

    Richard W. Blickman, President and Chief Executive Officer of Besi, commented:

    “Besi’s business development in 2024 reflected contrasting growth trends for AI and mainstream assembly equipment markets. For the year, revenue grew by approximately 5% to reach € 607.5 million due to significantly higher demand by computing end-user markets, particularly for AI-related hybrid bonding and photonics applications. Similarly, orders of € 586.7 million increased by 7.0%. As a result, orders for AI applications grew to represent approximately 50% of our total orders in 2024. Strong order growth from computing end-user markets this year was partly offset by unfavorable market conditions for mainstream applications related to an industry downturn more than two years in duration.

    “We continue to navigate an extended downturn at industry leading levels of profitability. Besi achieved gross, operating and net margins of 65.2%, 32.2% and 30.0%, respectively, in 2024. Gross margins increased slightly versus 2023 due to a more favorable advanced packaging product mix which were partially offset by unfavorable net forex effects, particularly in the second half of the year. Net income rose 2.8% versus 2023 primarily due to higher revenue and gross margins realized and a net tax benefit of € 18.2 million. Such favorable influences were partially offset by a significant increase in development spending and higher share-based compensation expense. Given profits earned in 2024 and our solid liquidity position, we will propose a cash dividend of € 2.18 per share for approval at Besi’s 2025 AGM which represents a pay-out ratio relative to net income of 95%.

    “Investments in Besi’s future growth continued in 2024 as reflected in higher development spending and a planned expansion of our advanced packaging production capacity in 2025. We increased R&D spending by 31.7% this year to offer customers leading edge assembly solutions for next generation 2.5D and 3D architectures. In addition, progress continued on our hybrid bonding agenda as revenue approximately tripled versus 2023 and orders more than doubled. In addition, adoption increased from nine to fifteen customers. During Q4-24, some notable hybrid bonding bookings included a first order from a Japanese semiconductor producer focused on 2nm advanced logic semiconductors and from a Korean IDM for advanced logic applications.

    “Besi’s fourth quarter results were adversely affected by ongoing weakness in mainstream assembly markets, seasonal influences and lower demand for hybrid bonding and photonics applications as customers digested capacity added in 2024. Revenue of € 153.4 million was down 2.0% vs. Q3-24 and 3.9% vs. Q4-23 primarily due to lower demand for automotive applications partially offset by increased hybrid bonding shipments. Orders of € 121.9 million decreased by 19.7% vs. Q3-24 and 26.7% vs. Q4-23 due to lower bookings for hybrid bonding, photonics and mainstream assembly applications. Hybrid bonding and photonics orders have fluctuated on a quarterly basis due to the timing by customers of new device introductions and related capacity additions for these emerging applications. Our operating income in Q4-24 decreased by 8.2% versus Q3-24 primarily due to lower revenue and a 0.7 point gross margin decrease from adverse forex movements. Q4-24 net income of € 59.3 million increased 26.7% vs. Q3-24 and 8.0% vs. Q4-23 due to net tax benefits realized from an upward revaluation of deferred tax assets.

    “We enter the year 2025 with cautious optimism based on strong momentum in our advanced die placement solutions for AI applications partially offset by ongoing weakness in mainstream automotive, smart phone, industrial and Chinese end-user markets. We believe that the pace of innovation is increasing as the pandemic and generative AI have accelerated society’s move to a digital world with AI technology adoption increasing significantly in our daily lives. We believe that the commercial viability of hybrid bonding process technology has now been confirmed by some of the industry’s leading players and research institutes. Significant incremental adoption is anticipated to occur over the next three years as the technology is increasingly used in HBM 4/5 memory stacks, ASIC logic devices, silicon photonics, co-packaged optics and consumer mobile/computing applications. As such, we estimate that hybrid bonding adoption and deployment is still in its very early stages.

    “The timing and trajectory of a new mainstream assembly upturn is difficult to predict at present. The assembly market still suffers from post-pandemic excess capacity which has taken more than two years to approach equilibrium levels. Semiconductor unit growth and capacity utilization rates have improved since 2022 but at a less rapid rate than previously anticipated by analysts. That being said, we believe it likely that a mainstream assembly recovery will begin in the second half of 2025. Its trajectory will depend on demand trends in each of our end markets and the ultimate course of global trade restrictions. For Q1-25, we forecast that revenue will decrease by 0-10% versus Q4-24 and for gross margins to remain in a range of 63-65% based on our projected product mix. Aggregate operating expenses are forecast to rise 10-20% versus Q4-24 primarily due to higher strategic consulting costs.”

    Share Repurchase Activity

    During the quarter, Besi repurchased approximately 0.2 million of its ordinary shares at an average price of € 112.84 per share or a total of € 22.4 million. For the year, Besi repurchased approximately 0.6 million shares at an average price of € 125.53 per share for a total of € 79.8 million. At year end, Besi held approximately 1.8 million shares in treasury equal to 2.3% of its shares outstanding.

    Investor and media conference call
    A conference call and webcast for investors and media will be held today at 4:00 pm CET (10:00 am EST). To register for the conference call and/or to access the audio webcast and webinar slides, please visit www.besi.com.
    Important Dates

    • Publication Annual Report 2024
    • Publication Q1 results
    • Annual General Meeting of Shareholders
    • Publication Q2/semi-annual results
    • Publication Q3/nine-month results
    • Publication Q4/full year results
    		 February 28, 2025

    April 23, 2025

    April 23, 2025

    July 24, 2025

    October 23, 2025

    February 2026
    Dividend Information*

    • Proposed ex-dividend date
    • Proposed record date
    • Proposed payment of 2024 dividend
    		 April 25, 2025

    April 28, 2025

    Starting May 2, 2025
    * Subject to approval at Besi’s AGM on April 23, 2025 

    Basis of Presentation

    The accompanying Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union. Reference is made to the Summary of Significant Accounting Policies to the Notes to the Consolidated Financial Statements as included in our 2024 Annual Report, which will be available on www.besi.com as of February 28, 2025.

    Contacts
    Richard W. Blickman, President & CEO
    Andrea Kopp-Battaglia, Senior Vice President Finance        
    Claudia Vissers, Executive Secretary/IR coordinator
    Edmond Franco, VP Corporate Development/US IR coordinator
    Tel. (31) 26 319 4500                
    investor.relations@besi.com   

    About Besi
    Besi is a leading manufacturer of assembly equipment supplying a broad portfolio of advanced packaging solutions to the semiconductor and electronics industries. We offer customers high levels of accuracy, reliability and throughput at a lower cost of ownership with a principal focus on wafer level and substrate assembly solutions. Customers are primarily leading semiconductor manufacturers, foundries, assembly subcontractors and electronics and industrial companies. Besi’s ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

    Statement of Compliance
    The accounting policies applied in the condensed consolidated financial statements included in this press release are the same as those applied in the Annual Report 2024 and were authorized for issuance by the Board of Management and Supervisory Board on February 19, 2025. In accordance with Article 393, Title 9, Book 2 of the Netherlands Civil Code, EY Accountants BV has issued an unqualified auditor’s opinion on the Annual Report 2024. The Annual Report 2024 will be published on our website on February 28, 2025 and proposed for adoption by the Annual General Meeting on April 23, 2025. The condensed financial statements included in this press release have been prepared in accordance with IFRS Accounting Standards, as adopted by the European Union but do not include all of the information required for a complete set of IFRS financial statements.

    Caution Concerning Forward-Looking Statements

    This press release contains statements about management’s future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”, “will”, “would”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The financial guidance set forth under the heading “Outlook” contains such forward-looking statements. While these forward-looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward-looking statements, including any inability to maintain continued demand for our products; failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; the extent and duration of the COVID-19 and other global pandemics and the associated adverse impacts on the global economy, financial markets, global supply chains and our operations as well as those of our customers and suppliers; failure to develop new and enhanced products and introduce them at competitive price levels; failure to adequately decrease costs and expenses as revenues decline; loss of significant customers, including through industry consolidation or the emergence of industry alliances; lengthening of the sales cycle; acts of terrorism and violence; disruption or failure of our information technology systems; consolidation activity and industry alliances in the semiconductor industry that may result in further increased customer concentration, inability to forecast demand and inventory levels for our products; the integrity of product pricing and protection of our intellectual property in foreign jurisdictions; risks, such as changes in trade regulations, conflict minerals regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations, particularly to the extent occurring in the Asia Pacific region where we have a substantial portion of our production facilities; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; any inability to attract and retain skilled personnel, including as a result of restrictions on immigration, travel or the availability of visas for skilled technology workers; those additional risk factors set forth in Besi’s annual report for the year ended December 31, 2024 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We expressly disclaim any obligation to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

    Consolidated Statements of Operations
    (€ thousands, except share and per share data) Three Months Ended
    December 31,
    (unaudited)    		 Year Ended
    December 31,
    (audited)
      2024   2023 2024 2023
             
    Revenue 153,413   159,635 607,473 578,862
    Cost of sales 55,253   55,700 211,529 203,074
             
    Gross profit 98,160   103,935 395,944 375,788
             
    Selling, general and administrative expenses 28,575   24,277 126,048 105,956
    Research and development         expenses 19,009   13,533 74,305 56,440
             
    Total operating expenses 47,584   37,810 200,353 162,396
             
    Operating income 50,576   66,125 195,591 213,392
             
    Financial expense, net 3,877   729 7,071 5,703
             
    Income before taxes 46,699   65,396 188,520 207,689
             
    Income tax expense (benefit) (12,595 ) 10,501 6,528 30,605
             
    Net income 59,294   54,895 181,992 177,084
             
    Net income per share – basic 0.75   0.71 2.31 2.28
    Net income per share – diluted 0.74   0.68 2.30 2.23
               
    Number of shares used in computing per share amounts:
    – basic
    – diluted 1    		 79,402,192
    81,628,947    		   77,070,082
    82,091,299    		 78,877,471
    81,889,907    		 77,508,722
    82,800,279
     1) The calculation of diluted income per share assumes the exercise of equity settled share based payments and the conversion of all Convertible Notes outstanding     
               
    Consolidated Balance Sheets
    (€ thousands) December
    31, 2024
    (audited)    		 September 30, 2024
    (unaudited)    		 June
    30, 2024
    (unaudited)    		 March
    31, 2024
    (unaudited)    		 December
    31, 2023
    (audited)
    ASSETS          
               
    Cash and cash equivalents 342,319 307,448 127,234 232,053 188,477
    Deposits 330,000 330,000 130,000 215,000 225,000
    Trade receivables 181,862 169,266 174,601 150,192 143,218
    Inventories 103,285 104,103 99,291 99,384 92,505
    Other current assets 40,927 44,731 36,346 34,756 39,092
               
    Total current assets 998,393 955,548 567,472 731,385 688,292
               
    Property, plant and equipment 44,773 44,220 43,571 41,328 37,516
    Right of use assets 15,726 16,419 16,821 16,901 18,242
    Goodwill 46,010 45,278 45,710 45,613 45,402
    Other intangible assets 96,677 94,855 92,627 90,241 93,668
    Deferred tax assets 31,567 8,610 9,517 11,444 12,217
    Other non-current assets 1,330 1,316 1,239 1,252 1,216
               
    Total non-current assets 236,083 210,698 209,485 206,779 208,261
               
    Total assets 1,234,476 1,166,246 776,957 938,164 896,553
               
               
               
    Bank overdraft 776 – – – –
    Current portion of long-term debt 2,042 2,241 3,033 984 3,144
    Trade payables 52,630 49,211 51,620 52,382 46,889
    Other current liabilities 111,531 87,739 73,023 100,606 87,200
               
    Total current liabilities 166,979 139,191 127,676 153,972 137,233
               
    Long-term debt 525,653 524,527 179,801 265,142 297,353
    Lease liabilities 12,350 13,033 13,448 13,625 14,924
    Deferred tax liabilities 10,320 11,619 10,396 12,136 12,959
    Other non-current liabilities 17,910 12,449 11,352 12,914 12,671
               
    Total non-current liabilities 566,233 561,628 214,997 303,817 337,907
               
    Total equity 501,264 465,427 434,284 480,375 421,413
               
    Total liabilities and equity 1,234,476 1,166,246 776,957 938,164 896,553
    Consolidated Cash Flow Statements
    (€ thousands) Three Months Ended
    December 31,
    (unaudited)    		 Year Ended
    December 31,
    (audited)
      2024   2023   2024   2023  
             
    Cash flows from operating activities:        
    Income before income tax 46,699   65,396   188,520   207,689  
             
    Depreciation and amortization 7,420   6,577   28,601   25,732  
    Share based payment expense 2,851   2,807   30,067   19,107  
    Financial expense, net 3,877   729   7,071   5,703  
             
    Changes in working capital 4,819   (24,238 ) (39,095 ) (26,819 )
    Interest (paid) received 1,965   1,647   9,183   4,722  
    Income tax (paid) received (3,751 ) 386   (23,264 ) (27,562 )
             
    Net cash provided by operating activities 63,880   53,304   201,083   208,572  
             
    Cash flows from investing activities:        
    Capital expenditures (1,074 ) (1,451 ) (12,039 ) (6,899 )
    Capitalized development expenses (5,447 ) (5,780 ) (19,437 ) (21,121 )
    Repayments of (investments in) deposits –   (39,659 ) (105,000 ) (44,927 )
             
    Net cash provided by (used in) investing activities (6,521 ) (46,890 ) (136,476 ) (72,947 )
             
    Cash flows from financing activities:        
    Proceeds from bank lines of credit 776   –   776   –  
    Proceeds from notes –   –   350,000   –  
    Transaction costs related to notes                 (29 ) –   (6,424 ) –  
    Payments of lease liabilities (1,128 ) (1,100 ) (4,314 ) (4,307 )
    Purchase of treasury shares (22,415 ) (23,123 ) (79,833 ) (213,387 )
    Dividends paid to shareholders –   –   (171,534 ) (222,109 )
             
    Net cash used in financing activities (22,796 ) (24,223 ) 88,671   (439,803 )
             
    Net increase (decrease) in cash and cash equivalents

    34,563

    		  

    (17,809

    )

    153,278

    		  

    (304,178

    )
    Effect of changes in exchange rates on cash and
    cash equivalents

    308

    		  

    1,261

    		  

    564

    		  

    969

    		  
    Cash and cash equivalents at beginning of the
    period

    307,448

    		  

    205,025

    		  

    188,477

    		  

    491,686

    		  
             
    Cash and cash equivalents at end of the period 342,319   188,477   342,319   188,477  
    Supplemental Information (unaudited)
    (€ millions, unless stated otherwise)
                                     
    REVENUE Q4-2024 Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                     
    Per geography:                                
    China 42.8   28 % 45.5   29 % 57.5   38 % 58.5   40 % 62.0   39 % 40.8   33 % 64.9   40 % 37.6   28 %
    Asia Pacific (excl. China) 53.5   35 % 51.6   33 % 54.1   36 % 43.6   30 % 57.9   36 % 42.3   34 % 59.2   36 % 58.2   44 %
    EU / USA / Other 57.1   37 % 59.5   38 % 39.6   26 % 44.2   30 % 39.7   25 % 40.2   33 % 38.4   24 % 37.6   28 %
                                                     
    Total 153.4   100 % 156.6   100 % 151.2   100 % 146.3   100 % 159.6   100 % 123.3   100 % 162.5   100 % 133.4   100 %
                                     
    ORDERS Q4-2024 Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                     
    Per geography:                                
    China 40.4   33 % 45.4   30 % 43.3   23 % 51.1   40 % 71.1   43 % 46.0   36 % 51.4   46 % 35.5   25 %
    Asia Pacific (excl. China) 38.8   32 % 69.3   46 % 72.0   39 % 45.0   35 % 36.6   22 % 40.9   32 % 33.2   29 % 71.3   50 %
    EU / USA / Other 42.7   35 % 37.1   24 % 69.9   38 % 31.6   25 % 58.7   35 % 40.4   32 % 28.0   25 % 35.2   25 %
                                                     
    Total 121.9   100 % 151.8   100 % 185.2   100 % 127.7   100 % 166.4   100 % 127.3   100 % 112.6   100 % 142.0   100 %
                                     
    Per customer type:                                
    IDM 61.2   50 % 84.5   56 % 122.4   66 % 53.5   42 % 82.7   50 % 70.5   55 % 60.5   54 % 74.0   52 %
    Foundries/Subcontractors* 60.7   50 % 67.3   44 % 62.8   34 % 74.2   58 % 83.7   50 % 56.8   45 % 52.1   46 % 68.0   48 %
                                                     
    Total 121.9   100 % 151.8   100 % 185.2   100 % 127.7   100 % 166.4   100 % 127.3   100 % 112.6   100 % 142.0   100 %
    * Includes foundries as of financial year 2024                                
                                     
    HEADCOUNT Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023
                                     
    Fixed staff (FTE) 1,812   93 % 1,807   87 % 1,783   86 % 1,760   88 % 1,736   93 % 1,725   87 % 1,689   86 % 1,682   84 %
    Temporary staff (FTE) 134   7 % 271   13 % 279   14 % 236   12 % 134   7 % 248   13 % 279   14 % 312   16 %
                                                     
    Total 1,946   100 % 2,078   100 % 2,062   100 % 1,996   100 % 1,870   100 % 1,973   100 % 1,968   100 % 1,994   100 %
                                     
    OTHER FINANCIAL DATA Q4-2024 Q3-2024 Q2-2024 Q1-2024 Q4-2023 Q3-2023 Q2-2023 Q1-2023
                                     
    Gross profit 98.2   64.0 % 101.2   64.7 % 98.3   65.0 % 98.3   67.2 % 103.9   65.1 % 79.6   64.6 % 106.6   65.6 % 85.7   64.2 %
                                     
                                     
    Selling, general and admin expenses:                                
    As reported 28.6   18.6 % 27.3   17.4 % 30.5   20.2 % 39.6   27.1 % 24.3   15.2 % 23.3   18.9 % 29.4   18.1 % 29.0   21.7 %
    Share-based compensation expense -2.9   -1.8 % (3.4 ) -2.1 % (6.9 ) -4.6 % (16.9 ) -11.6 % (2.8 ) -1.7 % (1.6 ) -1.3 % (5.5 ) -3.4 % (9.3 ) -7.0 %
                                                     
    SG&A expenses as adjusted 25.7   16.8 % 23.9   15.3 % 23.6   15.6 % 22.7   15.5 % 21.5   13.5 % 21.7   17.6 % 23.9   14.7 % 19.7   14.8 %
                                     
                                     
    Research and development expenses:                                
    As reported 19.0   12.4 % 18.9   12.1 % 18.5   12.2 % 17.9   12.2 % 13.5   8.5 % 13.6   11.0 % 14.3   8.8 % 15.0   11.2 %
    Capitalization of R&D charges 5.4   3.5 % 4.4   2.8 % 4.9   3.2 % 4.7   3.2 % 5.7   3.6 % 4.7   3.8 % 5.3   3.3 % 5.4   4.0 %
    Amortization of intangibles -3.9   -2.5 % (3.9 ) -2.5 % (3.6 ) -2.3 % (3.6 ) -2.4 % (3.3 ) -2.1 % (3.3 ) -2.6 % (3.5 ) -2.2 % (3.5 ) -2.6 %
                                                     
    R&D expenses as adjusted 20.5   13.4 % 19.4   12.4 % 19.8   13.1 % 19.0   13.0 % 15.9   10.0 % 15.0   12.2 % 16.1   9.9 % 16.9   12.7 %
                                     
                                     
    Financial expense (income), net:                                
    Interest income -5.1     (5.2 )   (3.0 )   (4.0 )   (3.6 )   (2.9 )   (3.1 )   (2.6 )  
    Interest expense 6.1     5.7     2.1     2.8     3.0     2.8     2.9     2.9    
    Net cost of hedging 2.0     1.9     1.4     1.6     1.7     1.7     2.0     1.6    
    Foreign exchange effects, net 0.9     (0.8 )   0.5     0.2     (0.4 )   0.2     (0.1 )   (0.4 )  
                                                     
    Total 3.9     1.6     1.0     0.6     0.7     1.8     1.7     1.5    
                                     
    Gross cash 672.3     637.4     257.2     447.1     413.5     391.2     378.3     644.9    
                                     
                                     
    Operating income (as % of net sales) 50.6   33.0 % 55.1   35.2 % 49.3   32.6 % 40.7   27.8 % 66.1   41.4 % 42.7   34.6 % 62.9   38.7 % 41.7   31.3 %
                                     
    EBITDA (as % of net sales) 58.0   37.8 % 62.4   39.8 % 56.2   37.2 % 47.5   32.5 % 72.7   45.6 % 48.9   39.7 % 69.3   42.6 % 48.2   36.1 %
                                     
    Net income (as % of net sales) 59.3   38.6 % 46.8   29.9 % 41.9   27.7 % 34.0   23.2 % 54.9   34.4 % 35.0   28.4 % 52.6   32.4 % 34.5   25.9 %
                                     
    Effective tax rate -27.0 %   12.6 %   13.0 %   15.3 %   16.1 %   14.4 %   14.0 %   14.0 %  
                                     
                                     
    Income per share                                
    Basic 0.75     0.59     0.53     0.44     0.71     0.45     0.68     0.44    
    Diluted 0.74     0.59     0.53     0.44     0.68     0.45     0.66     0.44    
                                     
    Average shares outstanding (basic) 79,402,192

    		       79,630,787       79,281,533       77,181,326       77,070,082       77,374,933       77,634,197       77,946,873      
                                     
    Shares repurchased                                
    Amount 22.4     27.8     14.8     14.8     23.1     45.5     66.9     77.7    
    Number of shares 198,450

    		       230,807       105,042       101,049       226,572       447,829       761,937       1,120,327      
                                     

    The MIL Network –

  • MIL-OSI USA: Congressman Biggs Urges President Trump and EPA Administrator Zeldin to Stop the Implementation of Biden-Era Woke Environmental Policies in Maricopa County

    Source: United States House of Representatives – Congressman Andy Biggs (AZ-05)

    Congressman Andy Biggs led a letter to President Donald J. Trump urging his Administration to stop the redesignation of Maricopa County’s Clean Air Act nonattainment status from moderate to serious. Eighty percent of the emissions assigned to Arizona are attributable to natural or international sources, and the implementation of stricter regulations would accomplish nothing except crippling the local economy.

    “Americans soundly rejected Biden-Harris era woke nonsense at the ballot box last November,” said Congressman Biggs.

    “Eighty percent of the air pollution in Maricopa County is caused by natural phenomena or international transport. Arizona—and Maricopa County specifically—is home to economic and technological development that will better the lives of Arizonans and Americans nationwide. Putting the local economy in a chokehold to serve the Green priorities of a rejected President is unwise.

    “I’m thankful for the support of my colleagues on this crucial issue and look forward to continue working with President Trump’s Administration to fulfill Americans’ mandate.”

    Cosigners of the letter are: Rep. Eli Crane (R-AZ), Rep. David Schweikert (R-AZ), Rep. Paul Gosar (R-AZ), Rep. Abraham J. Hamadeh (R-AZ), and Rep. Juan Ciscomani (R-AZ).

    The letter may be read here.

    MIL OSI USA News –

  • MIL-OSI USA: Murphy Discusses Putting Patients First with NYU Langone

    Source: United States House of Representatives – Representative Stephanie Murphy (D-Fla)

    Washington, D.C. — Congressman Greg Murphy, M.D. spoke with NYU Langone CEO, Dr. Robert Grossman, to discuss his initial letter and the importance of putting patients first.

    “Ensuring health care providers who receive federal funding are good stewards of taxpayer dollars is of utmost importance to me,”  said Congressman Greg Murphy, M.D. “Dr. Grossman answered all my questions and fully alleviated my initial concerns. In fact, after discussing the state of American health care at length and learning about NYU Langone’s success story both as a hospital system and medical school, I was left impressed and grateful for the work the institution is doing. NYU Langone’s commitment to transparency and willingness to engage with me in good faith sets it apart. I encourage all institutions of medicine, including insurers, to follow in its footsteps as we work to improve access to high-quality, affordable care for all Americans.”

    Read my follow-up letter to CEO of NYU Langone, Dr. Robert Grossman, M.D. here.
     

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Roy Re-Introduces Legislation to Remove Federal Liability Protections for COVID-19 Vaccines

    Source: United States House of Representatives – Representative Chip Roy (R-TX)

    WASHINGTON —  Rep. Chip Roy (TX-21) re-introduced H.R.1432, the Let Injured Americans Be Legally Empowered (LIABLE) Act today, a bill that would empower Americans to hold COVID-19 vaccine manufacturers liable for any harms their vaccines caused.

    Congressman Roy said the following about this legislation:

    “The government-healthcare industrial complex’s response to COVID-19 was a tragedy for healthcare freedom. Millions of Americans were forced to choose between a largely untested vaccine or their livelihood, leading to many suffering a range of vaccine injuries as a result. 

    Few have been afforded proper recourse. The COVID-19 vaccine is the most liability-protected vaccine on the market right now. To date, only 50 injury cases have been opened and paid out, despite hundreds of millions of doses administered.

    The American people harmed by this deserve justice. I am re-introducing the LIABLE Act to give Americans who were injured by the COVID-19 vaccines a chance to have their day in court and their injuries properly addressed.”

    The LIABLE Act would empower injured Americans by:

    • Removing all federal liability protections for the COVID-19 vaccine;
    • Preserving the ability of injured Americans to access pre-existing compensation programs; and
    • Specifying the bill is retroactive to ensure Americans who received the COVID-19 vaccine before the bill is enacted benefit.

    Co-sponsors of the bill include Representatives Thomas Massie (KY-04), Josh Breechen (OK-02), Michael Cloud (TX-27), Clay Higgins (LA-03), Eli Crane (AZ-02), Paul Gosar (AZ-09), Warren Davidson (OH-08), Ralph Norman (SC-05), and Scott Perry (PA-10).

    Supporting organizations of the bill include React19.

    “In exchange for our constitutional right to sue, the US taxpayer is set to foot the bill for all Covid vaccine harms. This inevitable multi-billion dollar bill is an unnecessary burden on the taxpayer. Chip Roy’s bill would put the responsibility back where it belongs, on the manufacturer.” – Brianne Dressen, Co-Chairwoman, and Joel Wallskog, Co-Chairman, React 19.

    Full text of the legislation here. 

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Cohen’s Statement on Support for Ukraine

    Source: United States House of Representatives – Congressman Steve Cohen (TN-09)

    MEMPHIS – Congressman Steve Cohen (TN-9), the House Ranking Member on the Commission on Security and Cooperation in Europe, also known as the Helsinki Commission, made the following statement on his support for Ukraine as the Organization for Security and Cooperation in Europe Parliamentary Assembly prepares to meet in Vienna:

    “As the House Ranking Member of the Helsinki Commission, the U.S. delegation to the Organization on Security and Cooperation in Europe Parliamentary Assembly (OSCE PA), which is convening this weekend in Vienna for its Annual Meeting, I have strongly supported Ukraine as a free and democratic country since Russia invaded on February 24, 2022. 

    “As Hannah Arendt would say, it is ‘preposterous’ to suggest Ukraine started this war. By parroting this and other Russian propaganda, President Trump is betraying and abandoning President Zelensky who is fighting on behalf of the entire free world. Despite enduring military and civilian casualties, continued bombings and war crimes including child abductions, the people of Ukraine have maintained pride in their country and love for democracy by fighting on. 

    “I am appalled by the conduct of President Trump who ordered U.S.-Russia talks in Saudi Arabia that not only excluded our European allies but excluded Ukraine itself. If this war is to come to a successful conclusion, Ukraine and all our NATO allies need to be at the negotiating table. We cannot discuss the future of Ukraine without Ukraine. There must be security assurances and mechanisms strong enough to enforce peace by deterring Putin from starting any new wars. 

    “I advise President Trump not to believe Putin so readily. Putin has a terrible track record for telling the truth including saying he wouldn’t invade Ukraine days before doing it and refusing to call his war anything other than a ‘special military operation.’ 

    “I will continue my strong support for Ukraine and admire the work of President Zelensky and the people of Ukraine. They are on the front lines of democracy and are fighting for democracy in Europe and around the world.”

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Higgins Legislation Forces Federal Support for Oil and Gas Leasing

    Source: United States House of Representatives – Congressman Clay Higgins (R-LA)

    WASHINGTON, D.C. – Congressman Clay Higgins (R-LA) reintroduced the Federal Lands and Waters Leasing Transparency Act, which would hold energy regulators accountable and streamline the federal leasing process for lands and waters.

    In the past few years, the oil and gas industry has experienced significant challenges during the leasing process managed by the Bureau of Ocean Energy Management (BOEM) and the Bureau of Land Management (BLM). The current evaluation methods by BOEM do not accurately reflect the true market value of resources, leading to frequent rejections of industry bids with little explanation. This causes uncertainty and discourages investments in new energy exploration and production.

     

    The legislation would:

    • Require the Secretary of Interior to provide detailed reports to bidders if their bids are rejected, ensuring transparency by explaining how the bid compares to various valuation metrics;
    • Amends the Mineral Leasing Act to prevent court orders from delaying the issuance of onshore oil and gas leases unless said lease violates federal law, thereby streamlining the leasing process;
    • Ensures that civil actions that challenge offshore lease sales do not invalidate the leases or delay related approvals and applications.

    “Every FedGov bureaucracy will serve the interests of the American people or MAGA Republicans will aggressively restructure that bureaucracy. Through Executive Branch action and Congressional legislation, every alphabet agency is being forced to comply with the America First agenda. The American energy industry produces clean, affordable, abundant, transportable energy for the entire world, and I will continue to fight for American energy dominance,” said Congressman Higgins.

     

    Read the legislation here.

    MIL OSI USA News –

  • MIL-OSI: cBrain intends to take lead in COTS for government industry

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement no. 02/2025

    cBrain intends to take lead in COTS for government industry

    Copenhagen, February 20, 2025

    cBrain (NASDAQ: CBRAIN) revenue grew by +12% to DKK 268m in 2024, up from DKK 239m in 2023. Earnings before tax (EBT) grew to DKK 86m in 2024, up from DKK 81m in 2023, thereby reaching an EBT margin of 32%.

    Results are in line with expectations, forecasting a revenue growth range of 12-13% and EBT margin of 30-32%.

    Strong positive cash flow from operating activities enables an increase in dividends, investments in the growth of the company, and it reduces long-term loans on cBrain-owned buildings.

    cBrain does not have a share buyback program. However, due to solid earnings, cBrain proposes to raise dividends to DKK 0,64 per share (2023: DKK 0,28 per share) corresponding to a payout ratio of approx. 20% of profit for the year.

    Fueled by a lack of skilled IT resources and a growing demand for fast delivery, cBrain sees a rapidly emerging IT industry, referred to as Commercial Off-The-Shelf (COTS) for government. COTS for government, leveraging new technologies and platforms such as the F2 Digital Platform, enables digital transformation at higher speed and lower costs that outperform traditional IT modernization.

    For cBrain the accelerated market shift represents new strategic opportunities. cBrain wants to fully take advantage of this, and cBrain is therefore currently in the process of evaluating and potentially adjusting its international growth strategy.

    With the goal of being an internationally leading vendor in the emerging COTS for government industry, the strategy process includes evaluating organizational readiness, market and product development strategies.

    As a result of the strategy process, cBrain expects to implement a number of changes to the growth plan during the spring of 2025. Consequently, cBrain forecasts expected revenue growth in 2025 of 10-15% and earnings before tax (EBT) of 18-23%.

    The revenue forecast takes into account that e.g. developing new channel strategies may shortly delay revenue. The earnings forecast is based on significantly increased investments into international growth, across the African region, USA, Germany, and India, as well as increased investments into developing the F2-for-Partners concept.

    Best regards

    Per Tejs Knudsen, CEO

    Inquiries regarding this Company Announcement may be directed to 

    Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 2594 4973

    Attachment

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