NewzIntel.com

Category: Americas

  • MIL-OSI USA: What did Yellowstone look like before it became Wonderland?

    Source: US Geological Survey

    Yellowstone Caldera Chronicles is a weekly column written by scientists and collaborators of the Yellowstone Volcano Observatory. This week’s contribution is from Michael Poland, geophysicist with the U.S. Geological Survey and Scientist-in-Charge of the Yellowstone Volcano Observatory.

    The Yellowstone region today is Wonderland.  It is full of spectacular geysers and colorful hot springs, home to lakes and meadows and mountains and valleys, and covered by both forests and grasslands.  What we see today is a result of volcanic activity that has shaped the landscape over the past 2 million years.

    But what did Yellowstone look like before volcanic activity blew several large holes in the region and covered huge swaths of land with thick lava and ash flows?  What was Yellowstone like before it became Wonderland?

    To understand the answer to this question, geologists have looked at the characteristics of the areas bordering the Yellowstone region—at the mountain ranges, rock types, and faults that make up areas like the Tetons and Jackson Hole, and like the Gallatins and Paradise Valley.

    Interpretive reconstruction of the Yellowstone Plateau region before initial plateau volcanism (a little before 2 million years ago). The region was entirely an elevated and faulted mountainous terrain with no basin in the present plateau area. Gray areas are underlain by ash flow deposits from calderas of the eastern Snake River Plain area that predate the Yellowstone volcanic system.  Figure 6 from Christiansen (2001) (https://pubs.usgs.gov/pp/pp729g/).

    During about 4–7  million years ago, the Yellowstone hotspot was located under southeastern Idaho, feeding eruptions occurring from the Heise volcanic field.  That sequence included multiple large calderas that formed via major explosions, spreading ash across the landscape—including Jackson Hole and the area that is now Yellowstone.

    Map of Yellowstone earthquakes that were located during 1973-2023. Red circles are earthquakes located in the Yellowstone region, and blue circles indicate swarm seismicity.  The size of the circle scales with the magnitude of the earthquake.  In the south part of Yellowstone National Park are a series of earthquake bands that trend north-northwest to south-southeast.  These alignments may reflect faults associated with mountain ranges that were destroyed when Yellowstone Caldera formed 631,000 years ago.

    The pre-volcanic Yellowstone landscape was mostly made of high-elevation areas—there was no basin present like there is today.  Instead, mountain ranges that ran mostly north-northwest to south-southeast extended across the region.  Today’s Gallatin and Madison ranges in the north were probably connected to the Tetons and other mountains to the south, forming sets of continuous ranges that were all bounded by large faults.  Fault-bounded ranges like these are common throughout the western USA today—part of the Basin and Range province, which extends from eastern California to western Wyoming and Montana.

    We can see the evidence for these formerly continuous mountain ranges in patterns of earthquakes and eruptive vents.  Seismicity maps show several north-northwest to south-southeast bands of earthquakes beneath Yellowstone Caldera, possibly delineating the still-existing faults that controlled the mountain ranges that were blown apart when large explosive eruptions began in the Yellowstone region.  There are also several roughly north-northwest to south-southeast alignments of vents for rhyolite lava flows that erupted after Yellowstone Caldera formed, especially during about 160,000 to 70,000 years ago.  Just like patterns of earthquakes, the vent alignments might also have been controlled by the preexisting faults associated with the destroyed mountain ranges.

    And because there were mountains throughout the Yellowstone region before the big explosions, erosion was an important process.  The high mountain ranges were gradually being ground down, and sediments eroded from these peaks accumulated in valleys at the bases of the ranges.  Some of these sediments still exist today, capped by thick blankets of ash from caldera-forming eruptions of the Yellowstone system.

    The first volcanic eruptions from the Yellowstone region began at least 2.2 million years ago, and the first of three great caldera-forming eruptions—that which deposited the Huckleberry Ridge Tuff—occurred 2.08 million years ago, spreading thick ash over an area larger than the state of Connecticut and dramatically altering the landscape.

    Today, many visitors to Yellowstone National Park approach the area from the north, south, or west. In driving through the mountains and valleys that lead to Wonderland, take a moment to appreciate the landscape you are traversing.  Those areas today exemplify what Yellowstone used to look like a few million years ago.

    Map of Yellowstone caldera showing the locations and ages of the most recent rhyolite eruptions at Yellowstone, the Central Plateau Member rhyolites. Unit boundaries are from Christiansen (2001). Two sets of vent alignments run north-northwest to south-southeast and might reflect underlying fault orientations associated with mountain ranges that were obliterated during the formation of Yellowstone Caldera about 631,000 years ago.

    MIL OSI USA News –

  • MIL-OSI: Tower Semiconductor Releases 300mm 65nm 3.3V-Based BCD Power Management Platform

    Source: GlobeNewswire (MIL-OSI)

    Delivering high-efficiency power, high-performance analog, and high-density digital in a single power management platform for mobile, AI, and data center applications 

    MIGDAL HAEMEK, Israel, December 23, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced its new 300mm 65nm 3.3V-based BCD Power management platform, PML, in addition to its successful 5V-based offering already in high-volume production in Japan and that which is being qualified in Albuquerque, New Mexico, USA, manufacturing site. This new, cutting-edge platform addresses the stringent low-voltage requirements of mobile devices and meets the growing demands for high power efficiency and power density in AI and data center applications.

    The advanced 300mm BCD PML offering comprises LDMOS devices with ultra-low on-resistance and best-in-class figure-of-merit, achieving highest power conversion efficiency for fast switching converters. In addition, it features power devices with wide voltage range and a nominal 3.3V gate voltage that can be substantially overdriven and underdriven addressing products such as PMIC, Audio IC, and high-power voltage regulators for GPU and CPU. These advantages enable users to achieve outstanding performance in power consumption and extend battery life in battery operated applications.

    “Our new PML platform exemplifies Tower Semiconductor’s continuous success in providing cutting-edge power management technology solutions,” said Shimon Greenberg, General Manager of Power Management Business Unit. “Specifically designed for advanced power management applications, this innovation empowers our customers to develop industry-leading products with a competitive edge that address the evolving demands of the strategic mobile, AI, and data center markets”.

    For additional information on Tower’s PM technology platform, please visit here.

    About Tower Semiconductor         

    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns two facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy, with ST as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    Safe Harbor Regarding Forward-Looking Statements

    This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

    Tower Semiconductor Investor Relations Contact: Noit Levy | +972-4-604-7066 | noitle@towersemi.com
    Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com

    Attachment

    The MIL Network –

  • MIL-OSI: Enlight Announces the Financial Close for Project Roadrunner

    Source: GlobeNewswire (MIL-OSI)

    The debt financing package includes $550 million of construction loans

    Roadrunner consists of 290 MW of solar generation and 940 MWh of energy storage capacity, and is expected to reach full COD by the end of 2025

    TEL AVIV, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, today announced that the Company has arranged the debt financing (the “Debt Financing”) for project Roadrunner (“Roadrunner” or “the Project”), located near Tuscon, Arizona, USA.

    As part of the Debt Financing, Enlight, through its subsidiary Clenera Holdings LLC, has entered into a loan agreement with a consortium of four leading global banks including BNP Paribas Securities Corp, Crédit Agricole, Natixis CIB, and Norddeutsche Landesbank Girozentrale (Nord/LB), totaling $550 million, which are expected to convert into a $290 million term loan and $320 million of tax equity funding upon the Project’s COD. The term loan is structured with an amortization tenor of 20-25 years and is to be fully repaid 5 years from the Project’s COD (mini perm). The loans are subject to an all-in interest rate of SOFR + 1.5%-1.75%, which rises by 0.125% after four years. Paragon Energy Capital served as Clenera’s exclusive financial advisor on the transaction.

    During the Project’s construction period, the Company’s equity investment is expected to amount to 10% of the expected total Project cost of $610 million. The debt financing arrangements are expected to enable the Company to recycle the entire equity investment upon COD subject to minimum project coverage ratios. The Company expects to conclude a tax equity transaction during 2025, noting that the project has secured safe harbor status.

    Roadrunner (also known as Apache Solar II) is the second-largest project in Enlight’s history, consists of 290 MW solar generation and 940 MWh of energy storage capacity, and is expected to reach full COD by the end of 2025. Construction at the 1200-acre site has already begun, and all procurement contracts have been signed. The Project has a 20-year busbar power purchase agreement covering its entire output with the Arizona Electric Power Cooperative (AEPCO), and is expected to generate revenues of $51-54 million and EBITDA1 of $41-44 million in its first full year of operation. A summary of the Project’s financial information appears in the tables below:

    (as expected at COD)

    Total project cost

    Term debt

    Upfront tax equity

    Sponsor equity upon COD
     

    $ 610 million

    $ 290 million

    $320 million

    $0
     

    Total project cost net of tax equity

    Revenues in first full year

    EBITDA in first full year1
     

    $ 290 million

    $51-54 million

    $41-44 million

    1EBITDA is a non-IFRS financial measure. This figure represents EBITDA for the project and excludes all ITC and PTC proceeds, as well as the impact of a potential tax equity transaction. The tax equity partner’s share is expected to range between 10-15% of the Project’s EBITDA during the first years of operation.

    Roadrunner is being built in the Sulphur Springs Valley region near Tucson, Arizona. Arizona possesses one of highest rates of growth in data centers in the U.S., driving a significant increase in the demand for electricity. The area’s high altitude, mild weather, and very high irradiance make it especially suitable for a utility-scale solar plant. The Project is located in a sparsely populated area and integrates with the larger Apache Generating Station, a diverse energy complex used by AEPCO.

    After the completion of Apex in Montana and Atrisco in New Mexico, Roadrunner is one of several major solar and energy storage projects that Enlight and Clenera are now constructing in the U.S. These include Country Acres (392 MW and 688 MWh) and Quail Ranch (128 MW and 400 MWh). Along with additional projects planned to be built in the years to come, these projects are driving Enlight’s massive expansion into the U.S. renewable energy market. This is best illustrated by the growing run rate of Enlight’s U.S. revenue base, which is expected to reach $195-207 million annually after the completion of the projects now under construction.

    The Company’s next projects in Arizona are Snowflake (600 MW and 1,900 MWh) and CO Bar (1,211 MW and 824 MWh). The two mega projects have almost completed their development phase, and are scheduled to begin construction in the coming months. Each of the two projects are set to achieve grid connection of 1.0 GW, one of the largest in the US. These grid connections generate potential additional development opportunities in the future through the Company’s “Connect and Expand” strategy, which seeks to leverage existing interconnect infrastructure with additional generation capacity.

    Nir Yehuda, CFO of Enlight, commented, “We appreciate our financial partners’ support and commitment in arranging the debt financing for project Roadrunner, which has made it possible for us to progress with its construction. Roadrunner is expected to begin commercial operation by the end of 2025. We look forward to continued collaboration on Country Acres and Quail Ranch, projects which we are now in the process of building and financing.”

    “We are grateful to have established our business as a reliable partner for these financial institutions,” said Adam Pishl, President and CEO of Clenera. “We have demonstrated our ability to build projects on time and on budget, and manage operational solar and storage farms that generate consistent long-term returns. It is exciting to close this deal and fuel our continued growth with projects across America.”

    Aashish Mohan, Co-Head of Energy, Resources & Infrastructure Americas, at BNP Paribas, commented, “BNP Paribas is proud to have supported Clenera and Enlight as Coordinating Lead Arranger on this landmark clean energy project financing. Supporting premier platforms like Clenera squarely fits our energy transition ambitions, and we look forward to partnering with the company again as they continue to execute on their high-quality pipeline.”

    Daniel Feigin, Head of Energy & Infrastructure Group, North America at Crédit Agricole CIB, said, “Crédit Agricole CIB’s collaboration with Enlight and Clenera on this landmark project in Arizona is a testament to the power of partnership and innovation. Roadrunner will provide clean, low-cost energy and storage. We are honored to have played a crucial role in helping a world class developer bringing this project to financial close and contributing to our mission of facilitating clean power generation and economic growth.”

    Nasir Khan, Managing Director & Head of Infrastructure & Energy Finance Americas at Natixis CIB, said, “We are thrilled to announce the successful close our first transaction with Enlight and Clenera, and would especially like to thank the teams for their professionalism and partnership over the past several months. Natixis CIB is committed to driving the energy transition through financing high-quality landmark projects such as Roadrunner, and we look forward to seeing it reach completion in the next year.”

    Sondra Martinez, Managing Director and Head of Originations at NORD/LB New York, commented, “Nord/LB is thrilled to support Clenera and Enlight on the Roadrunner transaction. This transaction represents our commitment to partnerships and supporting clients as they advance the energy transition.”

    About Enlight Renewable Energy

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its US IPO (NASDAQ: ENLT) in 2023. Learn more at enlightenergy.co.il.

    Investor Contact

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

  • MIL-OSI: Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Dec. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a strategic partnership with Fiat24, a Swiss-regulated fintech company that develops modern banking solutions powered by blockchain technology. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC). This initiative aims to provide seamless, efficient, and secure payment solutions that bridge traditional and decentralized financial ecosystems.

    Bitget has recently made significant progress in the PayFi space with the launch of services such as Bitget Pay and Bitget Card. Bitget Pay enables low-fee, instant crypto payments, while the Bitget Card allows users to seamlessly convert crypto into fiat for real-world transactions using a globally accepted debit card.

    Fiat24, on the other hand, offers a regulated Swiss-based payment system to users across 65 countries and regions, providing access to a crypto-friendly Swiss offshore bank account paired with a Mastercard debit card. This blockchain-driven approach ensures transparency, security, and user ownership.

    The partnership between Bitget and Fiat24 combines Bitget’s comprehensive crypto ecosystem with Fiat24’s innovative infrastructure. Together, they aim to expand the use cases for ETH, BGB, and stablecoins, driving accessibility and adoption of PayFi solutions globally.

    “We are excited to collaborate with Fiat24 to advance crypto payments and simplify access to financial services for users worldwide, especially the unbanked,” said Gracy Chen, CEO at Bitget. “PayFi will be one of Bitget and BGB’s long-term strategies and a key approach to enhancing the real-world impact of crypto assets. Together with our partners, we envision a future where crypto payments become the norm.”

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e693ef7b-cac1-4f78-9c91-fcb74f563615

    The MIL Network –

  • MIL-OSI USA: Facilities for Family Entertainment Reconstructed with FEMA Funds

    Source: US Federal Emergency Management Agency

    Headline: Facilities for Family Entertainment Reconstructed with FEMA Funds

    Facilities for Family Entertainment Reconstructed with FEMA Funds

    Guaynabo, PUERTO RICO — To have family entertainment spaces where people can enjoy safe places to gather, especially during the holiday season, is part of Puerto Rico’s integral recovery. That’s why the Federal Emergency Management Agency (FEMA) obligated $3.1 million to repair the Southern Coast Boardwalk in Juana Díaz, and the floating dock and gazebos in Ceiba.“These recreational areas provide spaces for families to share. They benefit their residents as well as all local and international visitors who enjoy their cultural and gastronomic offering, in addition to promoting the economy of the municipalities,” said Federal Disaster Recovery Coordinator José Baquero.According to Carimelys Alvarado, the Culture, Arts and Tourism director for the municipality of Juana Díaz, the boardwalk located in the Camboya community has great tourist value, as well as merchants and fisherfolk who contribute directly to economic development. Besides having gastronomic alternatives, they also host musical and family events. The boardwalk was established in 2000 and it welcomes up to 500 people during the weekends.“This is one of our great contributions to the economy, culture and tourism. As natives from Juana Díaz, this project was like a diamond for us. I remember the inauguration, when we got goosebumps because our coast is so important. This project marks an emphasis on our economic development,” Alvarado said.For the merchants, the repairs have meant receiving more customers, encouraged by how beautiful the facilities are now. This was confirmed by business owner Rubén Figueroa Ortiz. “This boardwalk repair has benefited us a lot, especially the businesses. Now we have a higher attendance. I am the oldest merchant here, with many years of service, and I feel very proud to have this opportunity right now,” he added.Some of the already completed repairs with an allocation of nearly $2.9 million include the replacement of aluminum panels, repairs to the asphalt surface, concrete piers and sidewalks, exterior electrical outlets, lighting fixtures and stairs, and the installation of a concrete retaining wall in the waterfront boardwalk area.Mitigation measures were carried out with nearly $937,000 within the same allocation. For example, a geotextile filter fabric was added to prevent internal erosion; the piles were reinforced to make them resistant to strong waves and protect them from corrosion; and the wooden decking was replaced with PVC to increase its durability.The director of the Juana Díaz Recovery Office, José Plata, said that this project is one of the most important that the municipality has been able to complete after the impact of the hurricanes, “especially for the community, as part of its culture and traditions.”On the other hand, in Ceiba, the dock and the gazebos located at the Villa Pesquera on Los Machos Beach offer a sustainable alternative to maximize space for fisherfolk without damaging marine ecosystems, according to the director of the Municipal Office of Emergency Management, Eddie García.“Its innovative design allows it to adapt to the water level, reducing the environmental impact. In addition, it combines aquatic activities with a perfect setting for social and cultural events. You can enjoy a restaurant and kiosks with fresh seafood, typical Puerto Rican food and live music, as well as kayaking, paddleboarding and recreational fishing,” García added.The high-density plastic floating dock built in 2015 extends into the ocean and receives between 75 and 500 visitors per week. Both were severely damaged and dismantled by high winds and storm surge during Hurricane María.With an obligation of nearly $226,000, the municipality has already completed repairs to the pier and the 16 wooden gazebos in front of the beach ―dated from 1995― are in the planning phase. Part of the work included the replacement of the pier, the access and the replacement of the gazebos’ bases and roofs. As part of the hazard mitigation measures, the gazebos will be reinforced with anticyclonic anchoring and additional anchoring for the roofs at a cost of nearly $2,000.One of its regular visitors is Ana López, who uses the dock ramp for her boat. López describes it as “a meeting point for the fishing community and a unique tourist attraction that promotes the responsible enjoyment of natural resources, while strengthening the area’s cultural and economic identity.”Meanwhile, the executive director of the Central Office for Recovery, Reconstruction and Resiliency (COR3), Manuel A. Laboy Rivera, said that “recreational and sports facilities are an important element in the communities, as they promote the training of our athletes and foster the economic development of various sectors. These projects in Juana Díaz and Ceiba are in addition to another 1,236 works with investments totaling $446.6 million that are under construction in the 78 municipalities. Meanwhile, citizens already enjoy 970 completed works around the island representing $187.5 million. We reaffirm our commitment to continue assisting them in the execution of another 832 recreational facilities that are in the design or construction acquisition stage.”FEMA has allocated over $34.5 billion for Puerto Rico’s recovery from Hurricane María. Of this total funding, about $1.4 billion are earmarked for nearly 2,200 park and recreational facility projects throughout the island. For more information about Puerto Rico’s recovery,  visit fema.gov/disaster/4339, fema.gov/disaster/4473 and recovery.pr. Follow us on our social media at Facebook.com/FEMAPuertoRico, Facebook.com/COR3pr and Twitter @COR3pr.
    manuel.deleon
    Mon, 12/23/2024 – 11:33

    MIL OSI USA News –

  • MIL-OSI: Partners Value Investments L.P. Announces Renewal of Normal Course Issuer Bids

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”) (TSX VENTURE: PVF) announced today that it has received approval from the TSX Venture Exchange (the “Exchange”) to renew its normal course issuer bids to purchase up to 3,521,732 of its non‐voting equity limited partnership units (the “Equity LP Units”), representing approximately 5% of its currently outstanding Equity LP Units; and to purchase up to 938,226 of its non‐voting Class A preferred limited partnership units, Series 1 (the “Preferred LP Units”), representing approximately 5% of its currently outstanding Preferred LP Units (collectively, the “Bids”). The period of the Bids will be effective from January 3, 2025 to January 2, 2026, or such earlier date that the Partnership completes its purchases.

    Purchases by the Partnership pursuant to the Bids will be made by its broker, RBC Capital Markets, through the facilities of the Exchange, other designated exchanges and alternative trading systems in Canada. The price which the Partnership will pay for any Equity LP Units and Preferred LP Units purchased will be the market price of the Equity LP Units and Preferred LP Units at the time of acquisition. Any Equity LP Units and/or Preferred LP Units acquired through the Bids will be cancelled. As of December 13, 2024, there were 70,434,631 Equity LP Units outstanding and 18,764,512 Preferred LP Units outstanding.

    Of the 3,533,556 Equity LP units and 938,350 Preferred LP Units approved for purchase under the Partnership’s prior normal course issuer bids that commenced on January 3, 2024 and will be expiring on January 2, 2025, the Partnership purchased 278,324 Equity LP Units at an average price of $102.02 and did not make any purchase of Preferred LP Units through the facilities of the Exchange, other designated exchanges or an alternative trading system in Canada.

    The Partnership believes that, from time to time, the market price of its securities may not adequately reflect their value. In such circumstances, the Partnership believes the purchase of its outstanding securities may represent an appropriate and desirable use of its available funds. All Equity LP Units and Preferred LP Units acquired by the Partnership under the Bids will be cancelled.

    In connection with the Bids, the Partnership entered into an automatic purchase plan with its designated broker, RBC Capital Markets. The automatic purchase plan will allow for the purchase of Equity LP Units and Preferred LP Units when the Partnership would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside of these periods, Equity LP Units and Preferred LP Units will be repurchased in accordance with management’s discretion and in compliance with applicable law.

    For further information, contact Investor Relations at ir@pvii.ca or 416-643-7621.

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian securities regulations. Expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward- looking information and forward-looking statements.

    Although the Partnership believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond its control, which may cause the actual results, performance or achievements of the Partnership to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation and Brookfield Asset Management Ltd., the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws, catastrophic events, such as earthquakes, hurricanes, or pandemics/epidemics; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Partnership’s documents filed with the securities regulators in Canada.

    The Partnership cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on the Partnership’s forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the Partnership undertakes no obligation to publicly update or revise any forward-looking statements and information, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI Economics: Expert Forum on Anti-Corruption in the Age of AI

    Source: Caribbean Development Bank

    Dr. Darran Newman

    Advisor to the Acting President (Ag.), Caribbean Development Bank

    Dr. Darran Newman found the work that was meant for her when she started her development career as a sociologist at the Planning Institute of Jamaica (PIOJ).  Today she is a highly competent international development expert with over 25 years of policy-related and field experience from working with multilateral, bilateral development agencies and government, providing global development leadership.  Her extensive experience in social development included integrating gender equality and social inclusion in development programming and policy processes.

    During the period 1999-2013 she worked with the UK Government’s Department for International Development (renamed FCDO) and the European Commission, carrying out socio-political and poverty analysis, and bringing expertise in promoting gender equality and women’s empowerment to interdisciplinary team working and global research.

    As a social development specialist, she conducted social audits and social impact and gender assessments for agricultural innovation initiatives in India and Central and Western Africa.  Championing gender equality and the rights and empowerment of women and girls was a central part of the social development analytical support for Eastern Europe, Tajikistan, Kyrgzhstan and Southern Africa country programmes.

    Driven by a strong urge to support international development in the Caribbean, in 2013 she returned to the region to join the Caribbean Development Bank (CDB) as Portfolio Manager for the Basic Needs Trust Fund (BNTF).   Subsequently, she led the Bank’s Technical Cooperation Division for 4 years.  Since 2021 she held position of Advisor to the Vice-President (Operations) and more recently holds the position of Advisor to the Acting President.

    One of her major aspirations is to always be a change-maker and work with others to achieve deep and wide systemic change in the Caribbean.

    Darran has always wanted to be in a position where she could help to create better futures especially for children.  This passionate advocacy for children’s rights led her to investigate child policy implementation in Jamaica.  She has a master’s degree in Sociology and completed a PhD in Social Policy.

    Monday December 9

    Time Zone

    America/Barbados

    MIL OSI Economics –

  • MIL-OSI: Revolutionize Your Crypto Trades: BexBack Offers Double Deposit Bonus and 100x Leverage Crypto Trading No KYC

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Dec. 23, 2024 (GLOBE NEWSWIRE) — As Bitcoin’s price recently surged past the $100,000 milestone only to dip below this critical level, market volatility has reached new highs. Analysts predict that Bitcoin may be entering a prolonged phase of high volatility. In such a dynamic environment, holding spot positions alone may no longer yield consistent short-term profits. To empower traders in seizing these market opportunities, BexBack Exchange has launched a suite of enticing offers:

    • 100% Deposit Bonus
    • $50 Welcome Bonus for New Users
    • Up to 100x Leverage for Cryptocurrency Trading

    These offers create unmatched profit potential for crypto investors while providing an edge in navigating volatile markets.

    What Is 100x Leverage and How Does It Work?

    100x leverage allows traders to amplify their positions with minimal capital. For instance:

    • If Bitcoin is priced at $90,000 and a trader opens a long contract with 1 BTC, using 100x leverage equates to a transaction value of 100 BTC.
    • If the price increases to $99,000 the next day, the profit will be calculated as:
      (99,000 – 90,000) * 100 BTC / 90,000 = 10 BTC, resulting in a remarkable 1000% yield.

    When combined with BexBack’s 100% deposit bonus, the potential profit can double, offering even higher returns.

    Note: While leveraged trading magnifies profits, it also increases liquidation risks.

    How Does the 100% Deposit Bonus Work?

    BexBack’s deposit bonus is designed to enhance traders’ potential. While the bonus cannot be withdrawn directly, it can be used to open larger positions or as extra margin during significant market fluctuations, effectively reducing the risk of liquidation.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. Headquartered in Hong Kong with offices in Singapore, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a US MSB (Money Services Business) license and is trusted by over 100,000 traders worldwide, including users from the United States, Canada, Europe and beyond.

    Key features include:

    • No KYC Requirement: Trade instantly without cumbersome identity verification.
    • 100% Deposit Bonus: Double your funds and amplify your profits.
    • High-Leverage Trading: Maximize capital efficiency with up to 100x leverage.
    • Demo Account: Practice risk-free trading with 10 BTC in virtual funds.
    • Comprehensive Trading Options: Enjoy feature-rich trading on both Web and mobile platforms.
    • Convenient Operations: Experience no slippage, no spread, and fast, accurate trade execution.
    • 24/7 Global Support: Benefit from around-the-clock customer service.
    • Lucrative Affiliate Rewards: Earn up to 50% commission as a promoter.

    Take Action Now—Don’t Miss This Opportunity!

    If you missed the previous crypto bull run, now is your chance to capitalize on the market’s momentum. With BexBack’s 100x leverage, 100% deposit bonus, and $50 bonus for new users (available upon completing one trade within a week of registration), traders can position themselves for success in the next bull run.

    Sign up on www.bexback.com today, claim your exclusive bonus, and start accumulating more BTC!

    Media Contact
    Business Team
    Email: business@bexback.com
    Website: www.bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ff2bd9f-7765-448d-b96a-401885758143

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3e87d43e-f245-47bb-a008-1b08b56e0a6b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/12135f1b-04cc-403c-a06a-57694a16c7fb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/84e6fc2d-66a7-4f13-9b88-b95baf95b6ad

    The MIL Network –

  • MIL-OSI: Matador Adds Bitcoin to its Balance Sheet

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA) is proud to announce that its Board of Directors has unanimously approved adding Bitcoin and USD-denominated assets to its corporate treasury as part of its long-term capital preservation strategy.

    The Board has identified risks associated with its current treasury, which is primarily denominated in Canadian dollars. Canada’s reliance on oil exports and its rising national debt raise concerns about potential devaluation and loss of purchasing power for Canadian denominated assets. To address these risks, the Board has approved adding Bitcoin and USD-denominated assets to its corporate treasury.1

    Matador plans to front-load an initial allocation of $4.5 million into Bitcoin in the month of December 2024 and will continue to explore additional purchases at the board level via measured buying programs.

    Additionally, Matador plans to move the majority of its cash balance sheet from CAD to USD. The decision reflects Matador’s belief in Bitcoin’s role as a store of value asset that mitigates the downside risk of currency debasement. This move follows global trends, as institutional adoption of Bitcoin grows among corporations seeking alternatives to bonds and depreciating currencies.2

    “Matador’s Board and management believe in using Bitcoin to future-proof our treasury,” Sunny Ray, President of Matador, added. “This step also supports our mission to explore using Bitcoin as a platform for our gold-based products.”

    This move will continue to support the development and launch of Matador’s digital gold platform, which is a technology-based system that enables users to own, trade, and store digital representations of gold, backed by physical reserves with the physical gold being held at the Royal Canadian Mint. These holdings are expected to underpin the company’s product development efforts and reinforce confidence in the Company’s treasury management strategy. After an initial review of alternative platforms, including Ethereum and Solana, the Board believes that Bitcoin stands apart in its ability to deliver the security, stability, and trustworthiness required for a digital gold asset platform. Bitcoin’s deep liquidity and widespread institutional adoption further support the belief that Bitcoin is the ideal foundation for Matador’s vision of a trustworthy, digital gold platform.3

    “For Matador’s focus on creating a product that exemplifies trust, permanence, and value, we expect Bitcoin to be the platform of choice,” said Deven Soni, CEO and Chairman of Matador.

    The Board will further evaluate its technology platform alternatives in the near future, with the objective of making a decision on which technology platform will underpin its digital gold product in Q1 2025. Once a decision has been made, Matador intends on launching its digital gold product to a limited audience.

    Matador will continue to update shareholders regarding its treasury execution and custody strategy in the coming weeks.

    About Matador Technologies Inc.

    Matador Technologies Inc. is a digital gold platform leveraging blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. It’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create an app that will allow users to buy, sell, and store gold 24/7, with the added security and flexibility of an encrypted mobile application.

    Contact Information:

    Sunny Ray
    President
    sunny@matador.network
    647-932-2668

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    _________________________
    1 https://www.ceicdata.com/en/indicator/canada/crude-oil-exports?utm_source=chatgpt.com, https://www.reuters.com/world/americas/canada-overshoots-deficit-target-by-c20-billion-finance-minister-resigns-2024-12-16/?utm_source=chatgpt.com.
    2 https://kensoninvestments.com/knowledge-centre/bitcoin-and-institutional-adoption-trends-and-strategic-insights/?utm_source=chatgpt.com, https://www.reuters.com/markets/us/blackrock-recommends-bitcoin-portfolio-weighting-up-2-interested-investors-2024-12-12/, https://www.forbes.com/sites/digital-assets/2024/12/08/us-treasury-names-bitcoin-digital-gold-after-price-explosion/, https://www.finivi.com/bitcoin-mainstream-blackrocks-pivotal-role-institutional-adoption/, https://www.fidelitydigitalassets.com/research-and-insights/institutional-adoption-digital-assets.
    3 https://coinmarketcap.com/currencies/bitcoin/.

    The MIL Network –

  • MIL-OSI USA: Early Alert: Nephroscope Sheath Issue from Trokamed GmbH

    Source: US Department of Health and Human Services – 3

    This communication is part of the Communications Pilot to Enhance the Medical Device Recall Program. The FDA has become aware of a potentially high-risk device issue. The FDA will keep the public informed and update this web page as significant new information becomes available.

    Affected Product

    The FDA is aware that Trokamed has issued a letter to affected health care providers indicating certain endoscope sheaths have updated use instructions as a result of a potentially high-risk device issue:

    • Mini PCNL Sheath
    • All lots of the following Mini PCNL Sheath models:
    Description Trokamed REF Number UDI
    Sheath, 20 Fr., 130 mm WA2PS20S 04251303810926
    Sheath, 20 Fr., 160 mm WA2PS20L 04251303810919
    Sheath, 18 Fr., 130 mm WA2PS18S 04251303810865
    Sheath, 18 Fr., 160 mm WA2PS18L 04251303810872

    What to Do

    • On November 26, 2024, Trokamed sent all affected customers an Urgent Field Safety Notice recommending the following actions:
      • Do not use the Mini PCNL sheath as a suction and irrigation device.
      • Temporarily remove the nephroscope from the shaft to clear it and flush out kidney stone fragments.
      • Replace the instructions for use with the updated version provided by Trokamed and dated “2024-11-27”
    • Check this web page for updates. The FDA is currently collecting information about this potentially high-risk device issue and will keep the public informed as significant new information becomes available.

    Reason for Early Alert

    The previous instructions for use provided with the device did not clearly describe that the sheath is not to be used for suction and irrigation. If the device is used for suction or irrigation, it could result in reduced outflow through the shaft due to blood, tissue, and kidney stone fragments, which may quickly build up pressure within the kidney that may lead to kidney rupture.

    Trokamed has reported 1 death associated with this issue.

    Device Use

    The Mini PCNL Sheath is part of a nephroscopy accessory set intended for minimally invasive procedures, including examining kidneys and removing kidney stones or other blockages. The sheath is a reusable, surgically invasive device for short-term use. It is designed to bring instruments, telescopes, and fluids to the surgical site.

    Contact Information

    Customers in the U.S. with adverse reactions, quality problems, or questions about this recall should contact Trokamed at k.troendle@trokamed.de or +49 770492440.

    Unique Device Identifier (UDI)

    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from distribution to use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified more quickly, and as a result, problems potentially resolved more quickly.

    How do I report a problem?

    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program.

    MIL OSI USA News –

  • MIL-OSI USA: 2024 in Review: Highlighting the Best of Landsat

    Source: US Geological Survey

    What makes Landsat so valuable is its unmatched record, with more than 50 years of data about Earth’s land surface. And it’s all open to the public at no cost. This vital resource continues to monitor change in the world’s land masses and water resources.  

    This year, international reports echoed the message that Landsat is among the most impactful, quality-driven Earth observation imaging programs. Scroll down to read about two such reports. 

    Landsat data has long provided opportunities for improved monitoring and management of all of Earth’s landforms and ecosystems. From delicate mangroves and freshwater wetlands to mountainous forests damaged by fire and landmasses and ice sheets from pole to pole. Landsat is an invaluable resource, helping land managers and scientists evaluate the changes to land surfaces, and then determine the best step forward to mitigate or influence future land change. 

    Scroll through the stories below to learn how applying Landsat data enabled scientists to advance research in 2024. 

    Landsat’s reputation for top quality Earth observation capabilities helps strengthen the partnerships the USGS maintains with longstanding international collaborators. This year, important new agreements were signed relating to the future of Earth observation and the next Landsat mission. These partnerships are made possible by the Landsat 2030 International Partnership Initiative that was announced in late 2023. 

    Scroll down to read more about the new agreements, see highlights from a visiting international ambassador, and learn how international cooperators and their ground station operators keep informed about Landsat.

    Spectral band comparisons between Landsat 8 and Landsat 9 , with those of Landsat Next. Click to enlarge. 

    The new Landsat Next mission will help unlock new opportunities for research studies relating to water quality, crop production and plant stress, climate and snow dynamics, soil health and other essential environmental variables.

    A significant milestone for the Landsat Next mission this year is the selection of a contractor to design, build, test, and deliver the sensors that will be on board the Landsat Next mission’s constellation of 3 identical satellites. Each sensor will collect Earth observation data in 26 spectral bands with high resolution. Overall, the constellation will collect about 20 times more data than Landsat 8 or Landsat 9.  

    Visit the links below to hear a podcast and view webpages to learn more about the Landsat Next mission. 

    After 25 years of orbiting around the Earth more than 132,000 times, the Landsat 7 mission is nothing short of legendary. The Enhanced Thematic Mapper Plus sensor onboard the satellite captured over 3.3 million images. Move the slider back and forth on the image below to see the massive growth of the Las Vegas area from 1999 to 2024. The 2024 image marks the satellite’s 25th anniversary and stands as a tribute to Landsat 7’s quarter-century legacy of Earth observation.

    Landsat 7 images of Las Vegas: July 4, 1999, and May 28, 2024. 
    Click to view full size graphic. 

    Landsat 7 satellite images continue to support studies of how land is used and how it has changed across urban, agriculture, forest, snow, and ice-covered areas around the globe, as well as natural and manmade disasters. 

    The magnitude and impact that Landsat 7 brought to scientists and those interested in studying the Earth’s landmasses are summarized in this graphic. 

    Read the USGS News release about the Landsat 7 mission. 

     

    Events captured by Landsat 7

    Landsat 7 witnessed events that changed the landscape on Earth slowly, such as the expanding Las Vegas urban sprawl shown above. Some of the significant events that changed the Earth much faster include the 2001 World Trade Center attack, the aftermath of Hurricane Katrina in 2005, and the Deepwater Horizon Oil Slick in the Gulf of Mexico in 2010.   

    The images and podcasts linked below provide just a glimpse into the 25 years of Landsat 7. From its launch in 1999 to sending down its final science mission data in 2024, this historic mission helped us appreciate and better understand Earth’s land surfaces. 

    MIL OSI USA News –

  • MIL-OSI USA: 2024 in Review: EROS Celebrates Annual NLCD, Landsat 7’s 25-Year Mission

    Source: US Geological Survey

    This was a landmark year for the definitive land cover resource for the United States that’s produced at EROS: the National Land Cover Database (NLCD). The renamed Annual NLCD data release on October 24, 2024, debuted a new ability to look at land cover and land change year by year further back in time, from 1985 to 2023. 

    Landsat satellites continue to provide the foundational data for Annual NLCD, which includes six products. Work is underway to add 2024 data to Annual NLCD in 2025. Data access has expanded to the commercial cloud and the USGS website EarthExplorer.   

    More about Annual NLCD

    An example of LANDFIRE’s Existing Vegetation Type in Utah.

    The LANDFIRE (Landscape Fire and Resource Management Planning Tools) program celebrated a big milestone in 2024—its 20th anniversary of working to provide valuable national landscape data on vegetation, wildland fuel and fire regimes. 

    But the biggest news for the interagency program hosted at EROS was releasing its first truly annual update, LANDFIRE 2023 Update, and debuting a remarkably early preview of land disturbances, for most of 2023 at the end of January 2024. 

    EROS is always communicating about its latest innovations and improvements in science. Here are some key ways that happened in 2024:

    • Scientists traveled to multiple workshops, including Geo Week, JACIE and the annual meeting of the American Geophysical Union (AGU). In addition to presenting posters and talks, several of them earned awards for their work. See slideshow at left.
    • More than 100 EROS authors published 28 journal articles, 15 technical reports, 25 conference abstracts or posters and 55 data releases. Click below to learn more about a few highlighted topics.
    • Scientists from around the world use EROS data and science in their own research. Read stories spotlighting those studies below. 

    Publications and Data Releases

    Researchers Use EROS Data

    Animation of Landsat 7 images of Las Vegas, 1999-2024.

    Landsat’s claim to fame is its 50-plus-year history of Earth observation—and Landsat 7 was active for half of that time. In 2024 as Landsat 7 reached the end of its mission, EROS remembered the milestones during its lifespan. 

    We also celebrated the outstanding annual value Landsat provides for the United States ($25.6 billion!) and leaned into the satellite mission’s future with Landsat Next.  

    To scroll through our Landsat highlights for 2024, use the < and > arrows below. 

    EROS welcomed visitors from abroad as well as student researchers, interns and schoolkids this year—and even classic Dodge automobiles!

    New for 2024 is a six-screen interactive display in front of Computer Room 2, where our high-performance computers are located. Visitors can take a deep dive into the sophisticated world of data at EROS (but in a user-friendly way).

    Also new: The EROS Media Gallery now can be searched by spinning the globe and picking a location. Readers can find our updated State Mosaics, Image of the Week gallery, Earthshots, Earth as Art and other favorites via keyword, too.

    Read on for a review of what’s new in our imagery and videos, educational Earthshots and insightful podcasts.

    We don’t mind bragging—our Image of the Week videos are beautiful to watch! 

    But our 2024 additions also reveal real benefits of Landsat imagery and data, from new dams being filled to old dams being destroyed, from drought in Mexico to ice routes in Finland. 

    Don’t start clicking on the links below at bedtime—they’re endlessly fascinating! On the other hand, for a beautiful, restful sleep, try our new hourlong video featuring Landsat imagery and peaceful music.

    What happens during a Landsat pass? Listen to Episode 129 to learn more.

    Eyes on Earth is a podcast on remote sensing, Earth observation, land change and science. Our episodes in 2024 looked at Landsat’s past, its future, and how scientists apply the vast archive.

    Scroll across the images above or below to listen to some of our favorites. Here are some highlights:

    127: The Historic Landsat 7 Mission. We talked with some of the people who helped keep Landsat 7 flying during its nearly 25 years of land imaging.

    126: Annual NLCD. This new release includes land cover data of the United States for every year back to 1985.

    117: Preparing for Landsat Next, Part 1. Several people involved with the next Landsat mission talk about the details.

    114: The Color of Water with Landsat. An old data technique in freshwater science—physically sampling lake water—becomes reinvented using satellite technology.

    MIL OSI USA News –

  • MIL-OSI USA: NCDHHS Invests $20 Million in Transportation Program for People Experiencing a Mental Health Crisis

    Source: US State of North Carolina

    Headline: NCDHHS Invests $20 Million in Transportation Program for People Experiencing a Mental Health Crisis

    NCDHHS Invests $20 Million in Transportation Program for People Experiencing a Mental Health Crisis
    hejones1

    The North Carolina Department of Health and Human Services today announced a $20 million investment made possible by the NC General Assembly in Non-Law Enforcement Transportation, a promising practice of providing trauma-informed transportation for people in mental health crisis who need to be transported from emergency rooms to residential treatment. In the past, much of this transportation was provided by law enforcement; but non-law enforcement transportation provides a safe, therapeutic alternative for people already in mental health distress. 

    “People in crisis need health care, not handcuffs,” said NC Health and Human Services Secretary Kody H. Kinsley. “This program helps people experiencing a mental health crisis receive safe transportation to the inpatient care that they need.”

    Currently, many counties across North Carolina rely on law enforcement to transport individuals experiencing a mental health crisis.  This often involves the use of police vehicles, lights, sirens and, in some cases, handcuffs — all of which can unintentionally turn a routine transfer into a traumatic experience. The new transportation program aims to decriminalize and destigmatize the process of seeking mental health care.

    “We want people and families feeling comfortable reaching out for mental health crisis support when they need it,” said Kelly Crosbie, MSW, LCSW, Director of the NCDHHS Division of Mental Health, Developmental Disabilities, and Substance Use Services. “Knowing a person may be transported in police custody can be a deterrent for people reaching out for the care that they need. This new program is part of our work to strengthen the North Carolina mental health crisis system, ensuring people in crisis can access support without fear or stigma.”

    NCDHHS is working closely with many community partners to ensure the mental health crisis transportation program is designed to effectively reduce the burden on law enforcement to conduct mental health-related transportation services and ensure officers can focus on their core responsibilities.

    The new transportation program will initially operate in two regions of the state, which will be identified through a competitive request for proposal process. The RFP is now open, allowing qualified transportation vendors to apply for funding. Eligible transportation vendors can access and apply for the RFP on the NCDHHS website. 

    The initiative is part of NCDHHS’s broader $835 million investment to transform North Carolina’s behavioral health system, including efforts to build a crisis response system, decrease emergency department boarding times and provide faster access to care for all North Carolinians in need of mental health treatment.

    El Departamento de Salud y Servicios Humanos de Carolina del Norte anunció hoy una inversión de $ 20 millones hecha posible por la Asamblea General de Carolina del Norte en Transporte No Policial, una práctica prometedora de proporcionar transporte informado sobre el trauma para las personas en crisis de salud mental que necesitan ser transportadas de las salas de emergencia al tratamiento residencial. En el pasado, gran parte de este transporte era proporcionado por la policía; pero el transporte no policial proporciona una alternativa segura y terapéutica para las personas que ya tienen problemas de salud mental.   

    “Las personas en crisis necesitan atención médica, no esposas”, dijo el secretario de Salud y Servicios Humanos de Carolina del Norte, Kody H. Kinsley. “Este programa ayuda a las personas que experimentan una crisis de salud mental a recibir transporte seguro a la atención hospitalaria que necesitan”.

    Actualmente, muchos condados de Carolina del Norte dependen de la aplicación de la ley para transportar a las personas que experimentan una crisis de salud mental. Esto a menudo implica el uso de vehículos policiales, luces, sirenas y, en algunos casos, esposas, todo lo cual puede convertir involuntariamente una transferencia de rutina en una experiencia traumática. El nuevo programa de transporte pretende eliminar la penalización y el estigma del proceso de búsqueda de atención de salud mental.

    “Queremos que las personas y las familias se sientan cómodas buscando apoyo para crisis de salud mental cuando lo necesiten”, dijo Kelly Crosbie, MSW, LCSW, directora de la División de Salud Mental, Discapacidades del Desarrollo y Servicios de Uso de Sustancias del NCDHHS. “Saber que una persona puede ser transportada bajo custodia policial puede ser un elemento que desanime a las personas que buscan la atención que necesitan. Este nuevo programa es parte de nuestro trabajo para fortalecer el sistema de crisis de salud mental de Carolina del Norte, asegurando que las personas en crisis puedan acceder al apoyo sin miedo ni estigma”.

    El NCDHHS está trabajando en estrecha colaboración con muchos socios comunitarios para garantizar que el programa de transporte de crisis de salud mental esté diseñado para reducir efectivamente la carga de las fuerzas del orden público para llevar a cabo servicios de transporte relacionados con la salud mental y garantizar que los oficiales puedan concentrarse en sus responsabilidades principales.

    El nuevo programa de transporte operará inicialmente en dos regiones del estado, que se identificarán a través de un proceso competitivo de solicitud de propuestas. El proceso de solicitud de propuestas (RFP, por sus siglas en inglés) ya está abierto, lo que permite a los proveedores de transporte calificados solicitar fondos. Los proveedores de transporte elegibles pueden acceder y aplicar para el RFP en el sitio web del NCDHHS. Haga clic aquí para ver la aplicación.

    La iniciativa es parte de la inversión más amplia de $ 835 millones del NCDHHS para transformar el sistema de salud conductual de Carolina del Norte, incluidos los esfuerzos para construir un sistema de respuesta a crisis, reducir los tiempos de espera en el departamento de emergencias y proporcionar un acceso más rápido a la atención para todos los habitantes de Carolina del Norte que necesitan tratamiento de salud mental.

    Dec 20, 2024

    MIL OSI USA News –

  • MIL-OSI Security: United States Charges Dual Russian and Israeli National as Developer of LockBit Ransomware Group

    Source: United States Attorneys General

    Defendant Rostislav Panev in Custody Pending Extradition from Israel to the United States

    Note: A copy of the superseding criminal complaint can be found here.

    A superseding criminal complaint filed in the District of New Jersey was unsealed today charging a dual Russian and Israeli national for being a developer of the LockBit ransomware group.

    In August, Rostislav Panev, 51, a dual Russian and Israeli national, was arrested in Israel pursuant to a U.S. provisional arrest request with a view towards extradition to the United States. Panev is currently in custody in Israel pending extradition on the charges in the superseding complaint.

    “The Justice Department’s work going after the world’s most dangerous ransomware schemes includes not only dismantling networks, but also finding and bringing to justice the individuals responsible for building and running them,” said Attorney General Merrick B. Garland. “Three of the individuals who we allege are responsible for LockBit’s cyberattacks against thousands of victims are now in custody, and we will continue to work alongside our partners to hold accountable all those who lead and enable ransomware attacks.”

    “The arrest of Mr. Panev reflects the Department’s commitment to using all its tools to combat the ransomware threat,” said Deputy Attorney General Lisa Monaco. “We started this year with a coordinated international disruption of LockBit — the most damaging ransomware group in the world. Fast forward to today and three LockBit actors are in custody thanks to the diligence of our investigators and our strong partnerships around the world. This case is a model for ransomware investigations in the years to come.”

    “The arrest of alleged developer Ratislav Panev is part of the FBI’s ongoing efforts to disrupt and dismantle the LockBit ransomware group, one of the most prolific ransomware variants across the globe,” said FBI Director Christopher Wray. “The LockBit group has targeted both public and private sector victims around the world, including schools, hospitals, and critical infrastructure, as well as small businesses and multi-national corporations.  No matter how hidden or advanced the threat, the FBI remains committed to working with our interagency partners to safeguard the cyber ecosystem and hold accountable those who are responsible for these criminal activities.” 

    “The criminal complaint alleges that Rotislav Panev developed malware and maintained the infrastructure for LockBit, which was once the world’s most destructive ransomware group and attacked thousands of victims, causing billions of dollars in damage,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “Along with our domestic and international law enforcement partner actions to dismantle LockBit’s infrastructure, the Criminal Division has disrupted LockBit’s operations by charging seven of its key members (including affiliates, developers, and its administrator) and arresting three of these defendants — including Panev. We are especially grateful for our partnerships with authorities in Europol, the United Kingdom, France, and Israel, which show that, when likeminded countries work together, cybercriminals will find it harder to escape justice.”

    “As alleged by the complaint, Rostislav Panev for years built and maintained the digital weapons that enabled his LockBit coconspirators to wreak havoc and cause billions of dollars in damage around the world,” said U.S. Attorney Philip R. Sellinger for the District of New Jersey. “But just like the six other LockBit members previously identified and charged by this office and our FBI and Criminal Division partners, Panev could not remain anonymous and avoid justice indefinitely. He must now answer for his crimes. Today’s announcement represents another blow struck by the United States and our international partners against the LockBit organization, and our efforts will continue relentlessly until the group is fully dismantled and its members brought to justice.”

    According to the superseding complaint, documents filed in this and related cases, and statements made in court, Panev acted as a developer of the LockBit ransomware group from its inception in or around 2019 through at least February 2024. During that time, Panev and his LockBit coconspirators grew LockBit into what was, at times, the most active and destructive ransomware group in the world. The LockBit group attacked more than 2,500 victims in at least 120 countries around the world, including 1,800 in the United States. Their victims ranged from individuals and small businesses to multinational corporations, including hospitals, schools, nonprofit organizations, critical infrastructure, and government and law-enforcement agencies. LockBit’s members extracted at least $500 million in ransom payments from their victims and caused billions of dollars in other losses, including lost revenue and costs from incident response and recovery.

    LockBit’s members comprised “developers,” like Panev, who designed the LockBit malware code and maintained the infrastructure on which LockBit operated. LockBit’s other members, called “affiliates,” carried out LockBit attacks and extorted ransom payments from LockBit victims. LockBit’s developers and affiliates would then split ransom payments extorted from victims.

    As alleged in the superseding complaint, at the time of Panev’s arrest in Israel in August, law enforcement discovered on Panev’s computer administrator credentials for an online repository that was hosted on the dark web and stored source code for multiple versions of the LockBit builder, which allowed LockBit’s affiliates to generate custom builds of the LockBit ransomware malware for particular victims. On that repository, law enforcement also discovered source code for LockBit’s StealBit tool, which helped LockBit affiliates exfiltrate data stolen through LockBit attacks. Law enforcement also discovered access credentials for the LockBit control panel, an online dashboard maintained by LockBit developers for LockBit’s affiliates and hosted by those developers on the dark web.

    The superseding complaint also alleges that Panev exchanged direct messages through a cybercriminal forum with LockBit’s primary administrator, who, in an indictment unsealed in the District of New Jersey in May, the United States alleged to be Dimitry Yuryevich Khoroshev (Дмитрий Юрьевич Хорошев), also known as LockBitSupp, LockBit, and putinkrab. In those messages, Panev and the LockBit primary administrator discussed work that needed to be done on the LockBit builder and control panel.

    Court documents further indicate that, between June 2022 and February 2024, the primary LockBit administrator made a series of transfers of cryptocurrency, laundered through one or more illicit cryptocurrency mixing services, of approximately $10,000 per month to a cryptocurrency wallet owned by Panev. Those transfers amounted to over $230,000 during that period.

    In interviews with Israeli authorities following his arrest in August, Panev admitted to having performed coding, development, and consulting work for the LockBit group and to having received regular payments in cryptocurrency for that work, consistent with the transfers identified by U.S. authorities. Among the work that Panev admitted to having completed for the LockBit group was the development of code to disable antivirus software; to deploy malware to multiple computers connected to a victim network; and to print the LockBit ransom note to all printers connected to a victim network. Panev also admitted to having written and maintained LockBit malware code and to having provided technical guidance to the LockBit group.

    The LockBit Investigation

    The superseding complaint against, and apprehension of, Panev follows a disruption of LockBit ransomware in February by the United Kingdom (U.K.)’s National Crime Agency (NCA)’s Cyber Division, which worked in cooperation with the Justice Department, FBI, and other international law enforcement partners. As previously announced by the Department, authorities disrupted LockBit by seizing numerous public-facing websites used by LockBit to connect to the organization’s infrastructure and by seizing control of servers used by LockBit administrators, thereby disrupting the ability of LockBit actors to attack and encrypt networks and extort victims by threatening to publish stolen data. That disruption succeeded in greatly diminishing LockBit’s reputation and its ability to attack further victims, as alleged by documents filed in this case.

    The superseding complaint against Panev also follows charges brought in the District of New Jersey against other LockBit members, including its alleged primary creator, developer, and administrator, Dmitry Yuryevich Khoroshev. An indictment against Khoroshev unsealed in May alleges that Khoroshev began developing LockBit as early as September 2019, continued acting as the group’s administrator through 2024, a role in which Khoroshev recruited new affiliate members, spoke for the group publicly under the alias “LockBitSupp,” and developed and maintained the infrastructure used by affiliates to deploy LockBit attacks. Khoroshev is currently the subject of a reward of up to $10 million through the U.S. Department of State’s Transnational Organized Crime (TOC) Rewards Program, with information accepted through the FBI tip website at www.tips.fbi.gov/.

    A total of seven LockBit members have now been charged in the District of New Jersey. Beyond Panev and Khoroshev, other previously charged LockBit defendants include:

    • In July, two LockBit affiliate members, Mikhail Vasiliev, also known as Ghostrider, Free, Digitalocean90, Digitalocean99, Digitalwaters99, and Newwave110, and Ruslan Astamirov, also known as BETTERPAY, offtitan, and Eastfarmer, pleaded guilty in the District of New Jersey for their participation in the LockBit ransomware group and admitted deploying multiple LockBit attacks against U.S. and foreign victims. Vasiliev and Astamirov are presently in custody awaiting sentencing.
    • In February, in parallel with the disruption operation described above, an indictment was unsealed in the District of New Jersey charging Russian nationals Artur Sungatov and Ivan Kondratyev, also known as Bassterlord, with deploying LockBit against numerous victims throughout the United States, including businesses nationwide in the manufacturing and other industries, as well as victims around the world in the semiconductor and other industries. Sungatov and Kondratyev remain at large.
    • In May 2023, two indictments were unsealed in Washington, D.C., and the District of New Jersey charging Mikhail Matveev, also known as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, with using different ransomware variants, including LockBit, to attack numerous victims throughout the United States, including the Washington, D.C., Metropolitan Police Department. Matveev remains at large and is currently the subject of a reward of up to $10 million through the U.S. Department of State’s TOC Rewards Program, with information accepted through the FBI tip website at www.tips.fbi.gov/.

    The U.S. Department of State’s TOC Rewards Program is offering rewards of:

    Information is accepted through the FBI tip website at tips.fbi.gov.

    Khoroshev, Matveev, Sungatov, and Kondratyev have also been designated for sanctions by the Department of the Treasury’s Office of Foreign Assets Control for their roles in launching cyberattacks.

    Victim Assistance

    LockBit victims are encouraged to contact the FBI and submit information at www.ic3.gov/. As announced by the Department in February, law enforcement, through its disruption efforts, has developed decryption capabilities that may enable hundreds of victims around the world to restore systems encrypted using the LockBit ransomware variant. Submitting information at the IC3 site will enable law enforcement to determine whether affected systems can be successfully decrypted.

    LockBit victims are also encouraged to visit www.justice.gov/usao-nj/lockbit for case updates and information regarding their rights under U.S. law, including the right to submit victim impact statements and request restitution, in the criminal litigation against Panev, Astamirov, and Vasiliev.

    The FBI Newark Field Office, under the supervision of Acting Special Agent in Charge Nelson I. Delgado, is investigating the LockBit ransomware variant. Israel’s Office of the State Attorney, Department of International Affairs, and Israel National Police; France’s Gendarmerie Nationale Cyberspace Command, Paris Prosecution Office — Cyber Division, and judicial authorities at the Tribunal Judiciare of Paris; Europol; Eurojust; the U.K.’s NCA; Germany’s Landeskriminalamt Schleswig-Holstein, Bundeskriminalamt, and the Central Cybercrime Department North Rhine-Westphalia; Switzerland’s Federal Office of Justice, Public Prosecutor’s Office of the Canton of Zurich, and Zurich Cantonal Police; Spain’s Policia Nacional and Guardia Civil; Japan’s National Police Agency; Australian Federal Police; Sweden’s Polismyndighetens; Canada’s Royal Canadian Mounted Police; Politie Dienst Regionale Recherche Oost-Brabant of the Netherlands; and Finland’s National Bureau of Investigation have provided significant assistance and coordination in these matters and in the LockBit investigation generally.

    Trial Attorneys Debra Ireland and Jorge Gonzalez of the Criminal Division’s Computer Crime and Intellectual Property Section (CCIPS) and Assistant U.S. Attorneys Andrew M. Trombly, David E. Malagold, and Vinay Limbachia for the District of New Jersey are prosecuting the charges against Panev and the other previously charged LockBit defendants in the District of New Jersey.

    The Justice Department’s Cybercrime Liaison Prosecutor to Eurojust, Office of International Affairs, and National Security Division also provided significant assistance.

    Additional details on protecting networks against LockBit ransomware are available at StopRansomware.gov. These include Cybersecurity and Infrastructure Security Agency Advisories AA23-325A, AA23-165A, and AA23-075A. 

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI: Dominican Republic: A Strategic Destination Attracting Multimillion-Dollar Investments

    Source: GlobeNewswire (MIL-OSI)

    SANTO DOMINGO, Dominican Republic, Dec. 20, 2024 (GLOBE NEWSWIRE) — The Dominican Republic continues to consolidate itself as a strategic destination for foreign investment, standing out for its highly skilled human talent, favorable business climate, and geographical proximity to the United States. These factors, combined with tax incentives and a modern free trade zone ecosystem, have turned the country into a magnet for important multinational companies.

    A clear example of this confidence can be seen in the recent financial operations of major global companies, including operations in the Dominican Republic. Medical technology giants Edwards Lifesciences and Becton Dickinson (BD) completed a US$4.2 billion transaction. Meanwhile, Ecolab completed the sale of its global surgical solutions unit to Medline in a transaction valued at approximately US$950 million, including most of its current operations in the Dominican Republic, highlighting the country’s attractiveness as a strategic center for manufacturing and services.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    BD’s acquisition of the Critical Care division of Edwards Lifesciences reflects its interest in expanding its global portfolio and strengthening its production capacity, taking advantage of the competitive advantages offered by the Dominican Republic, such as political and economic stability, a solid legal framework, attractive tax incentives, first-rate logistical connectivity, and a young and dynamic workforce.

    Similarly, Medline’s operation underscores the Dominican Republic’s key role in global supply chains. The country has been instrumental in the success of its surgical solutions, including Microtek’s innovative technologies, which are known for their reliability and advanced design. This focus on innovation has enabled companies such as Medline to leverage Ecolab’s legacy of quality and strengthen their position in the global marketplace.

    The Dominican Republic has positioned itself as a leader in medical device manufacturing in Latin America, thanks to developing and strengthening its free trade zones and its commitment to excellence. These BD and Medline operations are tangible proof of the confidence of major international companies in the country’s business environment and the quality of its human resources.

    These investments boost national economic growth and consolidate the Dominican Republic as a reliable and strategic destination for high-impact business. With its proximity to the United States, one of the world’s largest markets, and its focus on innovation and competitiveness, the country continues to attract global leaders’ attention.

    About the Ministry of Industry, Commerce, and MSME’s (MICM)
    MICM is the government body responsible for policy formulation, adoption, monitoring, evaluation, and control in the fields of industry, exports, foreign trade, free zones, special regimes, and SMEs.

    Contact information
    Ministry of Industry, Commerce, and MSME’s (MICM)
    Viceministry of Free Zone and Special Regimes
    (1) 809-685-5171 ext 1017
    www.micm.gob.do

    The MIL Network –

  • MIL-OSI United Kingdom: Joint statement on Afghanistan

    Source: United Kingdom – Executive Government & Departments

    Joint statement on the situation in Afghanistan following a G7+ meeting in Geneva

    Special Envoys and Representatives for Afghanistan of Canada, the European Union, France, Germany, Italy, Japan, Norway, the Republic of Korea, Switzerland, Türkiye, the United Kingdom, and the United States met in Geneva on December 16, 2024 to discuss the situation in Afghanistan. Deputy Special Representative for Afghanistan in the United Nations Assistance Mission in Afghanistan (UNAMA), Special Rapporteur on the situation of human rights, Representatives of the World Bank (WB) and of the Organisation of Islamic Cooperation (OIC) also participated in the meeting as observers.

    The Special Envoys and Representatives for Afghanistan:

    1. Expressed grave concern over the Taliban’s decisions in December 2024 to ban women and girls from attending public and private medical training institutions; and expressed concern that this new ban will have devastating consequences for all Afghans, especially mothers and infants – both born and unborn, both boys and girls – and will further destabilize an already fragile healthcare system. These decisions, which come on the back of the Taliban’s “Law on the Promotion of Virtue and the Prevention of Vice” announced in August 2024, expand upon the already over 80 repressive, discriminatory edicts aimed at excluding Afghan women and girls from education, public and economic life. We call for the immediate reversal of these unacceptable practices and policies.

    2. Noted with grave concern recent terrorist attacks in Kabul and the region, as well as the continuing threat terrorism poses to security and stability in Afghanistan; and acknowledged the Taliban actions to tackle terrorist threats from ISIS-K, while recalling the need for the Taliban to pursue actions to tackle terrorist threats, in accordance with Resolution 2593 of the United Nations Security Council and underscoring that some terrorist groups still reside safely inside Afghanistan and are able to plan and carry-out internal and cross-border terrorist strikes.

    3. Underscored that achieving long-term stability in Afghanistan requires a credible and inclusive national dialogue leading to a constitutional order with a representative and inclusive political system, as well as accountable political leaders and the State of Afghanistan meeting its international obligations.

    4. Emphasized the need for implementation of UN Security Council Resolution 2721 (2023), which took positive note of the UN’s independent assessment prepared pursuant to UNSCR 2679 (2023), encouraged member states and all other relevant stakeholders to consider implementation of its recommendations and requested the UN Secretary General to appoint a Special Envoy for Afghanistan to take forward a process between Afghan stakeholders and the international community for long term peace and stability in Afghanistan.

    5. Commended the work of the United Nations, including the UN-led Doha Process, and recognized the important and specific work of UNAMA, UN agencies present in the country, the World Bank, the Asian Development Bank and the many international and local NGOs and other humanitarian actors that continue to support the people of Afghanistan through ongoing social and humanitarian crisis.

    6. Reaffirmed that international NGOs are indispensable to humanitarian work in Afghanistan; and reinforced the importance of a united humanitarian response that includes representation from UN agencies, international and national NGOs, and other humanitarian actors.

    7. Highlighted the necessity to continue helping Afghans who are suffering in the ongoing humanitarian crisis with appropriate consideration for vulnerable populations, including women and women-led households, children and members of ethnic and religious minority communities.

    8. Looked forward to deepening engagement with neighbouring countries and other countries of the region on a joint response to the developing situation in Afghanistan, including countering potential threats such as terrorism and illegal migration to regional security and stability emanating from Afghanistan; commended the efforts of Muslim-majority countries and the OIC in engaging with the Taliban on women’s and girls’ rights and welcomed the leadership they have demonstrated on issues such as access to education and encouraged them to continue their active engagement on these and related issues.

    9. Expressed their appreciation to Switzerland for organizing these consultations and hosting the meeting; and looked forward to this Group of Special Envoys and Representatives meeting again in the near future.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 20 December 2024

    MIL OSI United Kingdom –

  • MIL-OSI USA: DoD Releases 2025 Continental U.S. Cost-of-Living Allowance Rates

    Source: United States Department of Defense

    The Defense Department released the 2025 Continental United States Cost-of-Living Allowance (CONUS COLA) rates today, and will take effect Jan. 1, 2025. In 2025, $51 million will be paid to approximately 61,000 service members stationed within CONUS.

    CONUS COLA is a supplemental allowance designed to help offset higher prices in the highest-cost locations in CONUS that exceed the average costs within the CONUS. Rates can increase, decrease, or remain the same, depending upon the non-housing prices in a duty location as compared to non-housing prices in average CONUS.

    By law, a contractor provides the Department civilian cost data from each military housing area (MHA) and non-MHA for the following categories: transportation, goods and services, federal income taxes, sales taxes, and miscellaneous expenses.  Data is adjusted to account for Basic Allowance for Subsistence, an allowance meant to offset the costs for a member’s meals, day care subsidies, and for cost savings gained from shopping at commissaries and exchanges. This information is compared to the same cost data for average CONUS, which serves as a benchmark; the resulting ratio is called an index.

    By law, a CONUS COLA rate is only prescribed when the index meets a certain threshold above the CONUS average. For 2025, the costs for non-housing types of goods and services in a particular location must be at least 7 percent more expensive than average CONUS costs to qualify for a CONUS COLA payment. An index above 107 percent would qualify for CONUS COLA (e.g., a location that is 10 percent more expensive would qualify for a 3 percent COLA index).

    This year, 10 MHAs will begin receiving CONUS COLA; 6 MHAs will receive an increase in CONUS COLA; 3 MHAs will receive a decrease in CONUS COLA and 4 MHAs will no longer receive CONUS COLA.  

    For non-MHA areas (non-metropolitan counties), 25 counties will gain CONUS COLA, 1 county will receive a decrease in CONUS COLA and 51 counties will lose CONUS COLA.

    Military housing areas with the highest CONUS COLA rates:
              New York City, NY                  8%
              Humboldt County, CA             5%
              San Francisco, CA                 5%

    Military housing area with the largest decrease:
              New York City, NY                  13% to 8%

    Military housing area with the largest increase:
               Humboldt County, CA             0% to 5%

    The total amount of CONUS COLA a Service member receives varies based on geographic duty location, pay grade, years of service, and dependency status.  Payments per CONUS COLA percentage point range from $35 to $60 per month for members with dependents, and from $27 to $46 per month for members without dependents. Service members can calculate their CONUS COLA rate at https://www.travel.dod.mil/Allowances/CONUS-Cost-of-Living-Allowance/CONUS-COLA-Rate-Lookup/. 

    Additional information about CONUS COLA can be found on the Defense Travel Management Office website at https://www.travel.dod.mil/Allowances/CONUS-Cost-of-Living-Allowance/.

    MIL OSI USA News –

  • MIL-OSI USA: Welch Priorities for Vermont’s Flood-Impacted Communities to Become Law as Part of Bipartisan Water Resources Development Act 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – This week, the biennial, bipartisan Water Resources Development Act of 2024 was advanced by the Senate. The bill contains several of U.S. Senator Peter Welch’s (D-Vt.) priorities for flood-impacted communities. It now heads to President Biden’s desk for his signature.  
    “The Water Resources Development Act will help repair and strengthen Vermont’s flood-impacted infrastructure, protect our watersheds, and make our communities more resilient to extreme weather. Now more than ever, we need to support the Army Corps of Engineers as they work with our communities and the State to protect our communities from flooding,” said Senator Welch. “I look forward to President Biden signing this bipartisan bill, and I thank my colleagues Bernie and Becca for their partnership in getting these Vermont-focused priorities over the finish line.” 
    The Water Resources Development Act of 2024 (WRDA 2024) authorizes the U.S. Army Corps of Engineers to perform vital projects including flood control, water navigation, and ecosystem restoration. Senator Welch’s priorities for Vermont in the bill include: 

    Lowering the Non-Federal Cost-Share of the Lake Champlain Watershed Environmental Assistance Program for Vermont: With this legislation, the cost share will be 10% non-federal for underserved communities, down from 35%. This change will make the program more affordable to the towns that most need it.  

    Lowering the State of Vermont Cost-Share for Work on the Waterbury, Wrightsville, and East Barre Dams: The cost share for the three dams would be lowered to roughly 7.1% non-federal, down from 35% for East Barre and Wrightsville. (This cost share adjustment was achieved for Waterbury in the 2022 WRDA reauthorization.) Wrightsville’s dam was nearly breached in the July 2023 floods, and this change will make projects on these three dams more affordable for the state of Vermont in the future.  

    Authorizing a New Flood Control Study of the Winooski River: This bill will authorize a new flood control study of the Winooski River watershed, which would examine how to make the Winooski River and neighboring communities along the river more resilient to future floods and other climate change-fueled natural disasters.   

    Reauthorizing the Aquatic Plant Control Program: The Aquatic Plant Control Research Program is valuable to Vermont’s efforts to combat the spread of water chestnut, a nonnative plant that has threatened to disrupt ecosystems and water access in Lake Champlain. Reauthorization ensures the state can continue using the program in years to come.  

    MIL OSI USA News –

  • MIL-OSI Canada: Premier’s statement on Yalda

    Source: Government of Canada regional news

    (flickr.com)

    Media Contacts

    Office of the Premier

    Media Relations
    premier.media@gov.bc.ca

    https://news.gov.bc.ca/31821

    MIL OSI Canada News –

  • MIL-OSI Canada: Government of Yukon launches eighth intake of Housing Initiatives Fund

    Source: Government of Canada regional news

    Government of Yukon launches eighth intake of Housing Initiatives Fund
    jlutz

    The Government of Yukon has opened applications for the eighth intake of the Housing Initiatives Fund. With a commitment of up to $4 million for two different funding streams, this initiative aims to support the development of new affordable housing units across the territory.

    The Housing Initiatives Fund supports shovel-ready, partner-led projects with funding to accelerate the delivery of quality, affordable housing for Yukoners. Projects must exceed the National Building Code energy efficiency standards by 25 per cent, ensure that 20 per cent of units in multi-unit buildings are built to accessibility standards and remain affordable (below median market rental rates) for at least 20 years. Additionally, projects must create a minimum of four affordable units in Whitehorse or one unit in rural communities.

    Through the program’s year-round project concepts stream, proponents can access up to $20,000 to support the development of affordable housing project proposals and other pre-development activities.

    The deadline for the eighth intake of shovel-ready project proposals is March 15, 2025. Applications for project concept funding are accepted year-round.

    Since 2018, the Government of Yukon has committed more than $35 million to support projects that will create 931 new units across the territory, including 827 that will remain affordable for 20 years. By supporting private developers alongside partners like the Northern Community Land Trust Society, Da Daghay Development Corporation, Normandy Living, Boreal Commons, Opportunities Yukon and the Safe at Home Society, it has created economic opportunities, strengthened communities and addressed the Yukon’s diverse housing needs.

    The Housing Initiatives Fund helps Yukoners play a key role in creating affordable housing solutions within their own communities. By supporting the development of more affordable rental properties and new homes, this program directly improves the lives of individuals and families across the territory. As the eighth annual intake opens, the Housing Initiatives Fund continues to be a vital resource in easing the housing pressures that impact so many Yukoners.

    Premier and Minister responsible for Yukon Housing Corporation Ranj Pillai

    Quick facts

    • Proponents must be Yukon residents (with proof of residency) or registered Yukon businesses. 

    • Eligible applicants include community housing providers, First Nations governments and development corporations, municipalities and private sector organizations or individuals, committed to completing shovel-ready projects within two years.

    • Shovel-ready construction projects may be eligible for up to $100,000 per unit, with a maximum of $1 million per project. 

    • Additional consideration will be given to projects that address diverse housing needs in the Yukon, including housing for seniors, tenants earning below Yukon Housing Corporation’s household income limits, individuals experiencing homelessness, youth aged 18 to 25 and First Nations-led initiatives.

    • Funding can be combined with other Yukon Housing Corporation programs, such as the Municipal Matching Rental Construction Program and the Developer Build Loan Program, as well as federal funding initiatives.

    Media contact

    Laura Seeley
    Cabinet Communications
    867-332-7627
    laura.seeley@yukon.ca 

    Kim Sheridan
    Communications, Yukon Housing Corporation
    867-667-8818
    kim.sheridan@yukon.ca 

    News release #:
    Related information:
    Apply for funding for housing initiatives
    Yukon Housing Corporation

    MIL OSI Canada News –

  • MIL-OSI Canada: Statement from Premier Pillai on the Council of Federation Fall 2024 meeting

    Source: Government of Canada regional news

    Statement from Premier Pillai on the Council of Federation Fall 2024 meeting
    zaburke

    Premier Ranj Pillai has issued the following statement:

    “This week, I had the privilege to join Premiers for the Council of the Federation Fall 2024 meeting in Toronto. We discussed key priorities for the coming year, uniting our voices on issues that matter to all Canadians, including Canada-U.S. relations, health care and energy security.

    “Canada-U.S. relations were a central focus of our discussions. For the Yukon, this means continuing to strengthen our relationship with Alaska, which benefits both sides of the border. Premiers are committed to working hard to avoid any potential U.S. tariffs and agreed on the need to accelerate achieving the NATO defence spending target of two per cent of gross domestic product (GDP). Arctic security was also highlighted in these discussions, and I look forward to raising our interests during the Premiers’ mission to Washington, D.C. in February 2025.

    “For Yukoners, improving health care is a top priority. Our government is working to address the health workforce shortage by supporting recruitment and retention efforts. I know that Minister of Health and Social Services, Tracy-Anne McPhee, along with many health system partners, highlighted our progress in the first annual report on the Health Human Resources Strategy. Premiers continue to stress the need for more resources to tackle the Substance Use Health Emergency, which continues to deeply impact communities across the territory. Faster access to prescription medicines was also an important part of the Premiers’ discussion, and I look forward to seeing progress on this file, led by our respective health ministers.

    “Energy security was another major topic of discussion. As emerging technologies create new opportunities, we must work together to ensure energy is reliable, affordable, and sustainably produced. Critical minerals and energy corridors will play a crucial role in securing Canada’s future prosperity.

    “In addition to the Council of the Federation meeting, I was honoured to once again join Premier of Nunavut P.J. Akeeagok and Premier of the Northwest Territories R.J. Simpson to discuss northern priorities on the national stage. Arctic security, infrastructure and critical minerals were at the top of the agenda. We emphasized the need for more federal investment in these areas to address the unique challenges faced by northern communities. The North must have a seat at the table when it comes to decisions that impact our future. I would like to thank Premier P.J. Akeeagok for his work as chair over the past year and look forward to hosting the 2025 Northern Premiers’ Forum as incoming chair.

    “Attending the Council of Federation is an important opportunity to amplify Yukoners’ voices and advocate for the North. I am honoured to join Premiers in promoting collaboration and remaining committed to working together. I am proud of our continued partnership on these crucial issues and thank Premier Ford for hosting us in Toronto.”
     

    Media contact

    Laura Seeley
    Cabinet Communications
    867-332-7627
    laura.seeley@yukon.ca 
     

    News release #:
    Related information:
    Premiers Discuss Important Issues for Canadians
    Government of Yukon addresses Health Human Resources challenges
    Statement from Premier Pillai on meeting with northern Premiers

    MIL OSI Canada News –

  • MIL-OSI Canada: Government of Yukon announces updates to Yukon Nominee Program application process for 2025

    Source: Government of Canada regional news

    Government of Yukon announces updates to Yukon Nominee Program application process for 2025
    dkclark

    The Yukon Nominee Program (YNP) will reopen for applications from all employers on January 29, 2025, at 9 am Yukon Standard Time. For this calendar year, the program will be moving to an intake-based approach to manage application volumes.

    For the intake beginning on January 29, the program will accept up to 125 new, completed applications. When the program receives the maximum number of applications for that intake, submissions will close until the following intake.

    Unprecedented demand for the Yukon Nominee Program in 2024 necessitated a pause in the acceptance of applications from Whitehorse employers. The updates to the intake model will help spread intake over the year, to help employers and foreign nationals to plan for their applications and give them more flexibility in timing their submissions. It will also help to prevent having more applications submitted than the allocation received from Immigration, Refugees and Citizenship Canada (IRCC), as seen in 2024.

    These intakes are expected to be held quarterly. However, the actual number of intakes and how many applications can be accepted in the calendar year is contingent upon the number of allocations the Yukon receives from IRCC. The Government of Yukon receives allocations from IRCC in late February of each calendar year and has requested an increase in allocations for 2025. The program’s approach to accepting applications may be adjusted, depending on whether this increase is granted or if allocation numbers change due to evolving federal immigration targets.

    Once the 2025 numbers have been provided, the department will announce further intake dates and the maximum number of applications that can be accepted under each intake.

    People can find more information about the YNP process at https://yukon.ca/en/yukon-nominee-program-process.
     

    Quick facts

    • While an intake is open, the department will post daily updates on the number of applications received. 

    • The Department of Economic Development is continuing discussions with the Government of Canada on how to support people who have work permits expiring in 2025. Details will be announced as they become available.

    • In 2024, the YNP received more applications than allocations available. Because of this, the program anticipates carrying approximately 150 of these extra applications over to 2025 for processing in the new year. Any approved applications will count toward the Yukon’s 2025 allocations, affecting how many more applications can be accepted in the new calendar year. 

    • On October 24, 2024, the Government of Canada announced the 2025–2027 Immigration Levels Plan with significant reductions in the numbers of temporary and permanent residents. 

    Media contact

    Linnea Blum
    Economic Development
    867-332-2625
    linnea.blum@yukon.ca 
     

    News release #:
    Related information:
    Learn about the Yukon Nominee Program process
    Government of Canada: 2025–2027 Immigration Levels Plan

    MIL OSI Canada News –

  • MIL-OSI Canada: Joint statement from Premier Ranj Pillai and Minister Sandy Silver on Canada’s 2024 Fall Economic Statement

    Source: Government of Canada regional news

    Joint statement from Premier Ranj Pillai and Minister Sandy Silver on Canada’s 2024 Fall Economic Statement
    zaburke

    Premier Ranj Pillai and Minister of Finance Sandy Silver have issued the following joint statement:

    “This week, federal House Leader Karina Gould delivered an update on how Canada’s finances and economy are doing along with measures to address critical issues for Canadians in the 2024 Fall Economic Statement. Many of these issues are keenly felt in the Yukon and our government is pleased to see the statement recognizes the importance of reducing everyday costs, fostering innovation, adjusting to the current realities of global trade and promoting investment.

    “We are happy to see that the Government of Canada has responded to repeated requests from our government by including a proposal to amend the Yukon Environmental and Socio-Economic Assessment Act in the Fall Economic Statement. The proposed amendment would allow certain projects, identified with consent from affected Yukon First Nations, to be exempt from re-assessments. Such a change will help combine a strong regulatory framework that protects the Yukon environment with one that eases the way for investment. We look forward to this legislative change creating a more efficient assessment process and are happy to see them move forward after several years of advocacy from our government and support from First Nations governments.

    “Canada’s Premiers have been continually asking for bail reform, so it is heartening to see that the statement commits to amending the Criminal Code to specifically address the bail system. The federal government has also put forward $1.3 billion in new funding towards a comprehensive border security package and we await more details on what this package will look like. This announcement promises to strengthen Canada-U.S. relations and could help curb the flow of fentanyl into the Yukon. 

    “Meeting housing needs is another major area that our government is working with the Government of Canada to address and is crucial to making life in the Yukon more affordable. The statement includes programs that lay the groundwork for putting housing within reach of more Canadians through the Affordable Housing Fund and Canada is also extending the Federal Community Housing Initiative to include residents of non-profit and co-op housing. Our government will examine how these programs will work within the Yukon to increase our housing supply or improve access to existing housing stock. Our government will also make sure that Yukoners can take advantage of the Canada Greener Homes Affordability Program mentioned in this statement, which will fund retrofits to make homes more energy efficient.

    “We are ready to discuss the programs and initiatives mentioned in the Fall Economic Statement with the Government of Canada and find ways to ensure these measures bring the most benefits to Yukoners, as well as laying out our priorities for the territory for the future.”
     

    Media contact

    Laura Seeley
    Cabinet Communications
    867-332-7627
    laura.seeley@yukon.ca 
     

    News release #:
    Related information:
    Investing in Jobs and Growth (Government of Canada news release)
    2024 Fall Economic Statement

    MIL OSI Canada News –

  • MIL-OSI Canada: Government of Yukon and Government of Canada announce new investments to make heat pumps more affordable for Yukoners

    Source: Government of Canada regional news

    Government of Yukon and Government of Canada announce new investments to make heat pumps more affordable for Yukoners
    zaburke

    This is a joint news release between the Government of Yukon and the Government of Canada.

    The Government of Canada and the Government of Yukon are partnering to help Yukoners switch to smart electric heating systems, making life more affordable while reducing greenhouse gas emissions.

    Today, Member of Parliament for the Yukon, Brendan Hanley on behalf of Minister of Energy and Natural Resources Jonathan Wilkinson and Minister of Environment and Climate Change Steven Guilbeault, announced a federal investment of $1.4 million from the Federal Oil to Heat Pump Affordability program (OHPA) and $287,000 from Canada’s Low Carbon Economy Fund (LCEF). Yukon Minister of Energy, Mines and Resources John Streicker announced that the Government of Yukon will provide an additional $700,000 in territorial funding towards further helping low-to-middle-income households cover the cost of purchasing and installing a heat pump. 

    Heat pumps are one of the best ways for homeowners to save money on energy bills and combat climate change. They are two to three times more efficient than other electric home heating sources, providing greater savings for homeowners while reducing energy consumption for utilities and power grids.

    As part of the Government of Yukon’s Affordable Heap Pump Program, eligible Yukon homeowners can receive 100 percent of the cost to purchase and install a heat pump to a maximum of $24,000. Additionally, homeowners can receive an upfront payment of $250 to add high-efficiency heat pumps in homes currently heated with oil. Homeowners using other energy sources, such as propane or electric baseboards, could also be eligible for cold climate heat pump rebates funded by LCEF and the Government of Yukon.

    Through these investments, the governments of Canada and Yukon are helping Yukoners access energy-efficient heat pumps, save on their energy bills and reduce their carbon emissions to protect the environment. 
     

    Our government believes that we can save money and our planet at the same time. Through Our Clean Future, our government committed to helping Yukoners transition from fossil fuels to smart electric heating systems like heat pumps. I’m pleased that these new investments will help make life more affordable for Yukoners while reducing our territory’s greenhouse gas emissions. 

    Minister of Energy, Mines and Resources John Streicker

    Making the switch to more energy-efficient heating systems can help Canadians save thousands on their energy bills, reduce their energy use and decrease their carbon footprint. That’s why we are strengthening the Oil to Heat Pump Affordability program and ensuring that families are in the Yukon supported in making the switch from heating oil to an efficient heat pump. 

    Minister of Energy and Natural Resources Jonathan Wilkinson

    Yukoners face some of the coldest temperatures in Canada and need reliable, affordable heating systems to stay warm. This is now truer than ever as climate change is making weather increasingly unpredictable.  Heat pumps have shown to be an efficient way to heat homes reducing emissions, protecting the environment and helping Canadians save on their utility bills. That’s why we are investing in programs like this that support the transition and get us closer to our emission reduction goals.

    Minister of Environment and Climate Change Steven Guilbeault

    Transitioning to energy-efficient heating systems offers Canadians and Yukoners the opportunity to save money on more-efficient home energy systems. The Oil to Heat Pump Affordability program will ensure that families in the Yukon receive the necessary support to switch from heating oil to efficient heat pumps, which will benefit local installers and businesses while also helping ease northern Canada’s pathway to home heating that is less expensive and more environmentally friendly.

    Member of Parliament for Yukon, Brendan Hanley

    Quick facts

    • The federal government’s Oil to Heat Pump Affordability program was first introduced in November 2022 as a $250 million investment in a new stream within the Canada Greener Homes Initiative. On February 22, 2023, the program was opened to pre-registration and was fully launched in late March 2023, with the first grants being issued shortly thereafter.

    • Introduced in October 2023, the federal government announced working with provinces and territories on co-delivery agreements including an upfront payment of $250 for eligible applicants through the Canada Heat Pump Bonus.

    • Every year, on average, a household participating in the Oil to Heat Pump Affordability program saves $1,337 on energy costs and 2.78 tonnes in greenhouse gas reductions.

    • The federal government currently has OHPA program co-delivery arrangements in place with British Columbia, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Active discussions are underway with other provinces and territories to deliver new, strengthened OHPA co-delivery agreements to make heat pumps even more affordable for Canadians across the country. In jurisdictions without co-delivery arrangements, oil-heated households can continue to apply to the national program to receive up to $10,000 in federal OHPA funding for switching to electric heat pumps.

    • The federal government’s Oil to Heat Pump Affordability program has received over 29,000 applications to date nationally.

    • Under Budget 2024, the Government of Canada is taking numerous steps to make life more affordable for Canadians while addressing climate change. This includes the Canada Greener Homes Affordability Program, which will support the direct installation of energy efficiency retrofits for Canadian households with low to median incomes.

    • Yukoners who participate in the Affordable Heat Pump Program (the Yukon’s version of the federal government’s Oil to Heat Pump Affordability program) may retain their pre-existing heating sources as backup systems for periods of extreme cold.

    Media contact

    Media Relations 
    Natural Resources Canada 
    343-292-6096 
    media@nrcan-rncan.gc.ca 

    Joanna Sivasankaran
    Director of Communications
    Office of the Minister of Energy
    and Natural Resources
    joanna.sivasankaran@nrcan-rncan.gc.ca 

    Laura Seeley
    Cabinet Communications
    867-332-7627
    laura.seeley@yukon.ca 

    Kate Erwin 
    Energy, Mines and Resources 
    867-667-7627
    kate.erwin@yukon.ca 
     

    News release #:
    Related information:
    Yukon affordable heat pump program
    Oil to heat pump affordability program
    Low carbon economy fund
    Canada greener homes initiative
    Canada green building strategy

    MIL OSI Canada News –

  • MIL-OSI Canada: The Government of Yukon and the Whitehorse Chamber of Commerce announce community safety funding

    Source: Government of Canada regional news

    The Government of Yukon and the Whitehorse Chamber of Commerce announce community safety funding
    zaburke

    This is a joint news release between the Government of Yukon and the Whitehorse Chamber of Commerce.

    As part of the Downtown Whitehorse safety action plan, the Government of Yukon is working with the Whitehorse Chamber of Commerce to administer crime prevention programming for businesses in downtown Whitehorse. 

    The Yukon government is working with the Whitehorse Chamber of Commerce to facilitate delivery of crime and theft prevention and de-escalation tools to Whitehorse businesses and organizations. 

    The content of this programming has been developed with industry partners following discussions with affected businesses. It will provide:

    • Subsidies to businesses in downtown Whitehorse for security assessments of locations, including assessment of layout and design to aid in crime prevention. 
       
    • Training to business owners and staff, including but not limited to de-escalation and conflict resolution training.
       
    • An updated Who’s Minding Your Business security checklist to support businesses as they work to address security elements. 

    This new pilot programming is being offered as year one of the Crime Prevention Grant program. Security assessments conducted this year may be helpful in adjusting the program design and guidelines in the future to better address the specific needs of participants. The aim is to provide qualifying businesses and NGOs with practical skills, updated resources and security strategies. 
     

    Program guidelines and information on how to apply will be posted on the Whitehorse Chamber of Commerce website in January 2025.
     

    Businesses and NGOs in Whitehorse have been resilient in the face of ongoing challenges, but work is needed to ensure they can operate safely. We will continue to provide resources to support them and to increase overall community safety in our territory’s capital. I want to thank the Whitehorse Chamber of Commerce for their dedication to advocating for a safer city and for taking on the administration of phase one of this program. 

    Premier and Minister of Economic Development Ranj Pillai

    This pilot program is an important first step in addressing the safety and security concerns of Whitehorse businesses and organizations. By providing practical tools such as security assessments, de-escalation training and updated resources, we aim to empower businesses and organizations with preventative strategies while working together to create a safer and more resilient community.

    Whitehorse Chamber of Commerce Executive Director Andrei Samson

    Quick facts

    • This programming is being created in accordance with the Downtown Whitehorse safety action plan.

    • Funding has been approved for three fiscal years, from 2024–25 through 2026–27. This new agreement with the Chamber will support them in distributing this funding for the first year. 

    • The planned phases include:

      • Phase 1 (January 2025 to March 2025): Establish a project team, orient staff, and begin communications with stakeholders.
      • Phase 2 (April 2025 to September 2025): Collect qualitative data, meet with stakeholders, roll out a survey, and conduct data analysis.
      • Phase 3 (October 2025 to March 2026): Perform safety assessments, host further community meetings, and conduct validating surveys.
      • Phase 4 (April 2026 to July 2026): Develop, review, and present a final Community Safety and Wellbeing Plan.
         

    • Over the next three years, the Crime Prevention Grant will focus on providing subsidies for security equipment purchases and installations, as well as assistance for damage caused by break-ins or vandalism, including costs not covered by insurance.

    Media contact

    Laura Seeley
    Cabinet Communications
    867-332-7627
    laura.seeley@yukon.ca 

    Damian Topps
    Economic Development Communications
    867-667-5378
    damian.topps@yukon.ca 
     

    News release #:
    Related information:
    Government of Yukon provides update on work underway to enhance public safety i…
    Whitehorse Chamber of Commerce
    Downtown Whitehorse safety response action plan

    MIL OSI Canada News –

  • MIL-OSI USA: Chair Murray Statement on Government Funding

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Chair of the Senate Appropriations Committee, issued the following statement on the path forward to fund the government:

    “I’m ready to stay here through Christmas because we’re not going to let Elon Musk run the government. Put simply, we should not let an unelected billionaire rip away research for pediatric cancer so he can get a tax cut or tear down policies that help America outcompete China because it could hurt his bottom line. We had a bipartisan deal—we should stick to it. The deal that was already agreed to would responsibly fund the government, offer badly needed disaster relief to communities across America, and deliver some good bipartisan policy reforms.

    “The American people do not want chaos or a costly government shutdown all because an unelected billionaire wants to call the shots—I am ready to work with Republicans and Democrats to pass the bipartisan deal both sides negotiated as soon as possible.”

    MIL OSI USA News –

  • MIL-OSI USA: VA begins early-stage planning for the next Federal Electronic Health Record rollout in mid-2026, continues ongoing improvement efforts at existing sites

    Source: US Department of Veterans Affairs

    Skip to content

    WASHINGTON — Today, the U.S. Department of Veterans Affairs announced that it is beginning early-stage planning to deploy the Federal Electronic Health Record (EHR) system to four Michigan facilities — Ann Arbor, Battle Creek, Detroit, and Saginaw — in mid-2026.

    This decision comes after VA made critical improvements to the EHR system during a pause in deployments announced in April 2023, which has helped the system better serve Veterans and clinicians — and resulted in improved Veteran trust at all sites that use the EHR. These improvement efforts will continue unabated while VA begins early-stage deployment efforts in Michigan.

    “We paused deployments of the EHR for more than a year and a half to listen to Veterans and clinicians, understand the issues, and make improvements to the system,” said VA Deputy Secretary Tanya Bradsher. “As a result of those efforts, Veteran trust and system performance have improved across the board. Now, we’re ready to begin planning for new deployments in 2026 — while continuing to improve at all existing sites.”

    “VA is ready to begin planning for the next Federal EHR deployments in 2026, while at the same time remaining committed to the continuous improvement efforts that have been our focus for the past 18 months,” said Acting Program Executive Director of the EHRM Integration Office Dr. Neil Evans,. “We’re going to keep listening to and learning from Veterans and VA staff every step of the way.”

    During the Reset period, VA paused future deployment activities to focus entirely on improving the Federal EHR at sites where it is currently in use. Throughout this process, VA has listened to Veterans and VA staff, taken steps to understand the issues, updated contracts to better hold Oracle Health accountable, made hundreds of improvements to the system, and instituted a simpler and more effective process to address concerns when they arise. As a result of these efforts, the EHR has improved significantly for Veterans and clinicians, including:

    • Increasing Veteran trust in VA health care at all facilities with the EHR: Veteran outpatient trust scores have increased at all EHR sites since the beginning of the Reset period — reaching 93 % at Columbus VA, an 11.6% increase since Q1 2023; 88% at Walla Walla VA, a 4% increase since Q1 2023; 92% at Mann-Grandstaff VA, a 3.5% increase since Q1 2023; 85% at Roseburg, a 5.2% increase since Q1 2023; and 89% at White City VA, a nearly 6.5% increase since Q1 2023. Additionally, Veteran trust at the North Chicago VA has increased to 90.8% from 90.2% since Federal EHR deployment in Q2 2024. These improvements are the result of direct surveys of Veterans and their experience with VA outpatient care.
    • Dramatically decreasing outages, which disrupt patient care: Since January 2024, there has been a significant decrease in outages for the Federal EHR — with the system functioning 100% of the time for 10 of the last 16 months, and 99.8% of the time or better in the remaining months. As of early this month, it has been more than 200 days since the last outage.
    • Decreasing the number of interruptions for clinicians, therefore minimizing slowdowns for Veterans: The average user now experiences near zero interruptions (freezes or delays, for example) per day.
    • Increasing clinician and staff satisfaction: Clinician and staff satisfaction with the Federal EHR has increased each year since 2022 — including increases in agreement in employee surveys with the phrases “the EHR is available when I need it” and “this EHR enables me to deliver high-quality care.”
    • Launching the EHR successfully in Chicago: During the Reset period, VA launched the Federal EHR in North Chicago because it is a joint facility with DOD. This launch has been successful, with the facility rapidly increasing in productivity and use — outperforming previous rollouts. 

    VA will kick off pre-deployment activities in the coming weeks. Given the time it will take to prepare to activate the Federal EHR, these facilities are expected to go live with the system in mid-2026.

    For more information about VA’s overall EHR modernization effort, visit https://www.ehrm.va.gov/.

    Reporters and media outlets with questions or comments should contact the Office of Media Relations at vapublicaffairs@va.gov

    Veterans with questions about their health care and benefits (including GI Bill). Questions, updates and documents can be submitted online.

    Contact us online through Ask VA

    Veterans can also use our chatbot to get information about VA benefits and services. The chatbot won’t connect you with a person, but it can show you where to go on VA.gov to find answers to some common questions.

    Learn about our chatbot and ask a question

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    MIL OSI USA News –

  • MIL-OSI Security: U.S. Charges Dual Russian And Israeli National As Developer Of Lockbit Ransomware Group

    Source: Office of United States Attorneys

    Defendant Rostislav Panev in Custody Pending Extradition from Israel to the United States

    NEWARK, N.J. – A superseding criminal complaint filed in the District of New Jersey was unsealed today charging a dual Russian and Israeli national for being a developer of the LockBit ransomware group, U.S. Attorney Philip R. Sellinger announced.

    In August, Rostislav Panev, 51, a dual Russian and Israeli national, was arrested in Israel pursuant to a U.S. provisional arrest request with a view towards extradition to the United States. Panev is currently in custody in Israel pending extradition on the charges lodged in the superseding complaint.

    “As alleged by the complaint, Rostislav Panev for years built and maintained the digital weapons that enabled his LockBit coconspirators to wreak havoc and cause billions of dollars in damage around the world. But just like the six other LockBit members previously identified and charged by this office and our FBI and Criminal Division partners, Panev could not remain anonymous and avoid justice indefinitely. He must now answer for his crimes. Today’s announcement represents another blow struck by the United States and our international partners against the LockBit organization, and our efforts will continue relentlessly until the group is fully dismantled and its members brought to justice.”

    U.S. Attorney Philip R. Sellinger

    “The Justice Department’s work going after the world’s most dangerous ransomware schemes includes not only dismantling networks, but also finding and bringing to justice the individuals responsible for building and running them,” said Attorney General Merrick B. Garland. “Three of the individuals who we allege are responsible for LockBit’s cyberattacks against thousands of victims are now in custody, and we will continue to work alongside our partners to hold accountable all those who lead and enable ransomware attacks.”

    “The arrest of Mr. Panev reflects the Department’s commitment to using all its tools to combat the ransomware threat,” said Deputy Attorney General Lisa Monaco. “We started this year with a coordinated international disruption of LockBit — the most damaging ransomware group in the world. Fast forward to today and three LockBit actors are in custody thanks to the diligence of our investigators and our strong partnerships around the world. This case is a model for ransomware investigations in the years to come.”

    “The arrest of alleged developer Rostislav Panev is part of the FBI’s ongoing efforts to disrupt and dismantle the LockBit ransomware group, one of the most prolific ransomware variants across the globe,” said FBI Director Christopher Wray. “The LockBit group has targeted both public and private sector victims around the world, including schools, hospitals, and critical infrastructure, as well as small businesses and multi-national corporations. No matter how hidden or advanced the threat, the FBI remains committed to working with our interagency partners to safeguard the cyber ecosystem and hold accountable those who are responsible for these criminal activities.”

    “The criminal complaint alleges that Rotislav Panev developed malware and maintained the infrastructure for LockBit, which was once the world’s most destructive ransomware group and attacked thousands of victims, causing billions of dollars in damage,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “Along with our domestic and international law enforcement partner actions to dismantle LockBit’s infrastructure, the Criminal Division has disrupted LockBit’s operations by charging seven of its key members (including affiliates, developers, and its administrator) and arresting three of these defendants — including Panev. We are especially grateful for our partnerships with authorities in Europol, the United Kingdom, France, and Israel, which show that, when likeminded countries work together, cybercriminals will find it harder to escape justice.”

    “For five years, Panev helped to grow LockBit into a ransomware machine of deception and extortion,” said Acting Special Agent in Charge Nelson I. Delgado of the FBI Newark Field Office.  “His reach was far and wide but FBI Newark and our international law enforcement partners were able to disrupt his reign. Panev’s arrest marks a victory against these conspirators, and is a step towards upholding justice and neutralizing these criminals.”

    According to the superseding complaint, documents filed in this and related cases, and statements made in court, Panev acted as a developer of the LockBit ransomware group from its inception in or around 2019 through at least February 2024. During that time, Panev and his LockBit coconspirators grew LockBit into what was, at times, the most active and destructive ransomware group in the world. The LockBit group attacked more than 2,500 victims in at least 120 countries around the world, including 1,800 in the United States. Their victims ranged from individuals and small businesses to multinational corporations, including hospitals, schools, nonprofit organizations, critical infrastructure, and government and law-enforcement agencies. LockBit’s members extracted at least $500 million in ransom payments from their victims and caused billions of dollars in other losses, including lost revenue and costs from incident response and recovery.

    LockBit’s members comprised “developers,” like Panev, who designed the LockBit malware code and maintained the infrastructure on which LockBit operated. LockBit’s other members, called “affiliates,” carried out LockBit attacks and extorted ransom payments from LockBit victims. LockBit’s developers and affiliates would then split ransom payments extorted from victims.

    As alleged in the superseding complaint, at the time of Panev’s arrest in Israel in August, law enforcement discovered on Panev’s computer administrator credentials for an online repository that was hosted on the dark web and stored source code for multiple versions of the LockBit builder, which allowed LockBit’s affiliates to generate custom builds of the LockBit ransomware malware for particular victims. On that repository, law enforcement also discovered source code for LockBit’s StealBit tool, which helped LockBit affiliates exfiltrate data stolen through LockBit attacks. Law enforcement also discovered access credentials for the LockBit control panel, an online dashboard maintained by LockBit developers for LockBit’s affiliates and hosted by those developers on the dark web.

    The superseding complaint also alleges that Panev exchanged direct messages through a cybercriminal forum with LockBit’s primary administrator, who, in an indictment unsealed in the District of New Jersey in May, the United States alleged to be Dimitry Yuryevich Khoroshev (Дмитрий Юрьевич Хорошев), also known as LockBitSupp, LockBit, and putinkrab. In those messages, Panev and the LockBit primary administrator discussed work that needed to be done on the LockBit builder and control panel.

    Court documents further indicate that, between June 2022 and February 2024, the primary LockBit administrator made a series of transfers of cryptocurrency, laundered through one or more illicit cryptocurrency mixing services, of approximately $10,000 per month to a cryptocurrency wallet owned by Panev. Those transfers amounted to over $230,000 during that period.

    In interviews with Israeli authorities following his arrest in August, Panev admitted to having performed coding, development, and consulting work for the LockBit group and to having received regular payments in cryptocurrency for that work, consistent with the transfers identified by U.S. authorities. Among the work that Panev admitted to having completed for the LockBit group was the development of code to disable antivirus software; to deploy malware to multiple computers connected to a victim network; and to print the LockBit ransom note to all printers connected to a victim network. Panev also admitted to having written and maintained LockBit malware code and to having provided technical guidance to the LockBit group.

    The LockBit Investigation

    The superseding complaint against, and apprehension of, Panev follows a disruption of LockBit ransomware in February by the U.K. National Crime Agency (NCA)’s Cyber Division, which worked in cooperation with the Justice Department, FBI, and other international law enforcement partners. As previously announced by the Department, authorities disrupted LockBit by seizing numerous public-facing websites used by LockBit to connect to the organization’s infrastructure and by seizing control of servers used by LockBit administrators, thereby disrupting the ability of LockBit actors to attack and encrypt networks and extort victims by threatening to publish stolen data. That disruption succeeded in greatly diminishing LockBit’s reputation and its ability to attack further victims, as alleged by documents filed in this case.

    The superseding complaint against Panev also follows charges brought in the District of New Jersey against other LockBit members, including its alleged primary creator, developer, and administrator, Dmitry Yuryevich Khoroshev. An indictment against Khoroshev unsealed in May alleges that Khoroshev began developing LockBit as early as September 2019, continued acting as the group’s administrator through 2024, a role in which Khoroshev recruited new affiliate members, spoke for the group publicly under the alias “LockBitSupp,” and developed and maintained the infrastructure used by affiliates to deploy LockBit attacks. Khoroshev is currently the subject of a reward of up to $10 million through the U.S. Department of State’s Transnational Organized Crime (TOC) Rewards Program, with information accepted through the FBI tip website at www.tips.fbi.gov/.

    A total of seven LockBit members have now been charged in the District of New Jersey. Beyond Panev and Khoroshev, other previously charged LockBit defendants include:

    • In July, two LockBit affiliate members, Mikhail Vasiliev, also known as Ghostrider, Free, Digitalocean90, Digitalocean99, Digitalwaters99, and Newwave110, and Ruslan Astamirov, also known as BETTERPAY, offtitan, and Eastfarmer, pleaded guilty in the District of New Jersey for their participation in the LockBit ransomware group and admitted deploying multiple LockBit attacks against U.S. and foreign victims. Vasiliev and Astamirov are presently in custody awaiting sentencing.
    • In February, in parallel with the disruption operation described above, an indictment was unsealed in the District of New Jersey charging Russian nationals Artur Sungatov and Ivan Kondratyev, also known as Bassterlord, with deploying LockBit against numerous victims throughout the United States, including businesses nationwide in the manufacturing and other industries, as well as victims around the world in the semiconductor and other industries. Sungatov and Kondratyev remain at large.
    • In May 2023, two indictments were unsealed in Washington, D.C., and the District of New Jersey charging Mikhail Matveev, also known as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, with using different ransomware variants, including LockBit, to attack numerous victims throughout the United States, including the Washington, D.C., Metropolitan Police Department. Matveev remains at large and is currently the subject of a reward of up to $10 million through the U.S. Department of State’s TOC Rewards Program, with information accepted through the FBI tip website at www.tips.fbi.gov/.

    The U.S. Department of State’s Transnational Organized Crime (TOC) Rewards Program is offering rewards of:

    Information is accepted through the FBI tip website at tips.fbi.gov.

    Khoroshev, Matveev, Sungatov, and Kondratyev have also been designated for sanctions by the Department of the Treasury’s Office of Foreign Assets Control for their roles in launching cyberattacks.

    Victim Assistance

    LockBit victims are encouraged to contact the FBI and submit information at www.ic3.gov. As announced by the Department in February, law enforcement, through its disruption efforts, has developed decryption capabilities that may enable hundreds of victims around the world to restore systems encrypted using the LockBit ransomware variant. Submitting information at the IC3 site will enable law enforcement to determine whether affected systems can be successfully decrypted.

    LockBit victims are also encouraged to visit www.justice.gov/usao-nj/lockbit for case updates and information regarding their rights under U.S. law, including the right to submit victim impact statements and request restitution, in the criminal litigation against Panev, Astamirov, and Vasiliev.

    The FBI Newark Field Office, under the supervision of Acting Special Agent in Charge Nelson I. Delgado, is investigating the LockBit ransomware variant. Israel’s Office of the State Attorney, Department of International Affairs, and Israel National Police; France’s Gendarmerie Nationale Cyberspace Command, Paris Prosecution Office — Cyber Division, and judicial authorities at the Tribunal Judiciare of Paris; Europol; Eurojust; the United Kingdom’s National Crime Agency; Germany’s Landeskriminalamt Schleswig-Holstein, Bundeskriminalamt, and the Central Cybercrime Department North Rhine-Westphalia; Switzerland’s Federal Office of Justice, Public Prosecutor’s Office of the Canton of Zurich, and Zurich Cantonal Police; Spain’s Policia Nacional and Guardia Civil; Japan’s National Police Agency; Australian Federal Police; Sweden’s Polismyndighetens; Canada’s Royal Canadian Mounted Police; Politie Dienst Regionale Recherche Oost-Brabant of the Netherlands; and Finland’s National Bureau of Investigation have provided significant assistance and coordination in these matters and in the LockBit investigation generally.

    Assistant U.S. Attorneys Andrew M. Trombly, David E. Malagold, and Vinay Limbachia for the District of New Jersey and Trial Attorneys Debra Ireland and Jorge Gonzalez of the Criminal Division’s Computer Crime and Intellectual Property Section (CCIPS) are prosecuting the charges against Panev and the other previously charged LockBit defendants in the District of New Jersey.

    The Justice Department’s Cybercrime Liaison Prosecutor to Eurojust, Office of International Affairs, and National Security Division also provided significant assistance.

    Additional details on protecting networks against LockBit ransomware are available at StopRansomware.gov. These include Cybersecurity and Infrastructure Security Agency Advisories AA23-325A, AA23-165A, and AA23-075A. 

    The charges and allegations contained in the superseding complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

    Defense counsel: Frank Arleo, Esq.

    MIL Security OSI –

  • MIL-OSI Security: Dutch National Sentenced to 33 Months in Prison for Money Laundering

    Source: Office of United States Attorneys

    ALBANY, NEW YORK – Xiomara Christian, age 37, of Amsterdam, The Netherlands, was sentenced yesterday to 33 months of incarceration following her guilty plea to conspiracy to commit money laundering. 

    United States Attorney Carla B. Freedman and Frank A. Tarentino III, Special Agent in Charge of the U.S. Drug Enforcement Administration (DEA), New York Division, made the announcement.

    As part of her guilty plea on October 10, 2024, Christian admitted that from May 2017 to November 2018, she and a co-conspirator laundered drug proceeds from Europe and Australia through bank accounts in the Northern District of New York, intending to conceal the true source of the proceeds, and to make it appear as though the money was legally obtained through legitimate business transactions.

    On October 4, 2018, Christian delivered €101,950 ($114,816.09) in drug proceeds to an undercover agent with the National Police of The Netherlands in The Netherlands. On October 5, 2018, an undercover agent with the Australian Criminal Intelligence Commission picked up $85,000 AUD ($57,843 USD) in drug proceeds from another co-conspirator in Melbourne, Australia. Christian then had the money wired through a bank account in Latham, New York, and sent to bank accounts in Panama.

    In addition to the term of imprisonment, Senior United States District Judge Lawrence E. Kahn also ordered the entry of a money judgment against Christian in the amount of $172,659. Christian faces removal from the United States following service of her term of imprisonment.

    The DEA investigated this case and Assistant U.S. Attorney Douglas Collyer prosecuted the case.

    MIL Security OSI –

  • MIL-OSI: Paytora Launches All-in-One Platform for Instant Crypto Conversion and Financial Simplification

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, Canada, Dec. 20, 2024 (GLOBE NEWSWIRE) — Paytora, an all-in-one digital banking platform that aims to revolutionize how users manage their funds, has introduced more flexible financial tools. The ambitious project partnered with leading financial providers to enable seamless conversion of crypto  to fiat currencies (EUR or USD), giving users immediate access to funds with integrated card services.

    Crypto-to-fiat transactions have a reduced adoption rate for generally the same reasons, regardless of service providers. They require users to have separate crypto wallets and often take precious time to process. Paytora seeks to solve these issues by allowing users to make instant conversions from USDT to EUR or USD without the need for another crypto wallet. It also lets them utilize the funds immediately for withdrawals and international transfers.

    Each Paytora user receives a personal European IBAN account under their name. The account comes with full banking functionality similar to traditional bank accounts but with enhanced financial management options. Users can instantly access funds via virtual or physical MasterCard-branded cards and use them globally.

    The Paytora app supports fast and easy international transfers with zero fees and real-time rates for any currency. Users can choose to link bank accounts, debit/credit cards, or digital accounts to send money to anyone, even if the receiving party doesn’t have the app. Peer-to-peer money transfers between Paytora users are instant. Additional options for quick P2P transfers include splitting bills and sending gifts.

    Users can also opt for a physical LifeUp card, which they can use anywhere and anytime for instant transactions with minimal fees. For example, transactions of up to 25 EUR incur zero fees, while exchange fees reach only 2%. Users can also connect these cards to Apple Pay, Google Pay, or MasterCard for seamless transactions and SEPA or SWIFT transfers. The cards feature high-security encryption and contactless technology that keep the users’ assets safe regardless of where they use them.

    Paytora delivers a unique outlook on financial management, hassle-free onboarding, and a user-friendly experience. Obtaining a Paytora account takes less than a minute, allowing users to gain swift access to the platform and deposit funds immediately. The app requires passing a one-time KYC process that ensures compliance and unmatched security. Additionally, Paytora uses advanced encryption and abides by strict regulatory standards, including AML (Anti-Money Laundering), to guarantee optimal protection for the user’s funds and data.

    The Paytora app has a user-centric design, displaying a friendly layout and quick navigation features. The platform caters to all individuals looking for seamless USDT and fiat transactions, regardless of technical expertise. To this end, deposits are readily available via bank transfers, PayPal, credit/debit cards, and cryptocurrency transfers. Lastly, Paytora provides excellent customer support, which is available 24/7. The platform also employs a consumer education policy, ensuring users understand the products, services, and associated risks. This approach aligns with the project’s mission to promote financial literacy, transparency, and trust. 

    About Paytora

    Paytora proposes a simpler, more accessible financial oversight. Users only require a personal European IBAN and a digital wallet. The platform provides a user-friendly, easy-to-navigate dashboard for quick deposits, withdrawals, and efficient financial management. Furthermore, Paytora integrates virtual and physical MasterCard-branded cards for instant global transactions and crypto-to-fiat conversions.

    Paytora is available in the Apple Store and on Google Play. 

    You can visit Paytora at its official website or follow the platform on its dedicated social media channels: X (Twitter) |LinkedIn | Instagram | Facebook 

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –