Category: Americas

  • MIL-OSI Security: Swedish Man Who Licensed Rights to Late Colombian Drug Lord Pablo Escobar Pleads Guilty to Fraud, Money Laundering Charges

    Source: US FBI

    LOS ANGELES – A Swedish national who licensed the rights of the late Colombian narco-terrorist Pablo Escobar pleaded guilty today to six federal criminal charges for defrauding investors by marketing and selling products – including flamethrowers and cellphones – that he never delivered.

    Olof Kyros Gustafsson, 32, a.k.a. “El Silencio,” pleaded guilty to one count of conspiracy to commit wire fraud and mail fraud, one count of wire fraud, one count of mail fraud, one count of conspiracy to commit money laundering, one count of concealment money laundering, and one count of international concealment money laundering.

    Gustafsson has been in federal custody since March 28, when he was extradited to the United States from Spain, where he was arrested in December 2023. 

    According to his plea agreement, Gustafsson was the CEO of Escobar Inc., a corporation registered in Puerto Rico that held successor-in-interest rights to the persona and legacy of Pablo Escobar, the deceased Colombian narco-terrorist and late head of the Medellín Cartel. Escobar Inc. used Pablo Escobar’s likeness and persona to market and sell purported consumer products to the public.

    From July 2019 to November 2023, Gustafsson identified existing products in the marketplace that were being manufactured and sold to the public. He then used the Escobar persona to market and advertise similar and competing products purportedly being sold by Escobar Inc., advertising them at a price substantially lower than existing counterparts being sold by other companies.

    Gustafsson then purportedly sold the products – including an Escobar Flamethrower, an Escobar Fold Phone, an Escobar Gold 11 Pro Phone, and Escobar Cash (marketed as a “physical cryptocurrency”) – to customers, receiving payments via PayPal, Stripe, Coinbase, among other payment processors, as well as bank and wire transfers.

    Despite receiving customer payments, Gustafsson did not deliver the Escobar Inc. products to paying customers because the products did not exist.

    In furtherance of the scheme, Gustafsson sent crudely made samples of the purported Escobar Inc. products to online technology reviewers and social media influencers to attempt to increase the public’s demand for them. For example, Gustafsson sent Samsung Galaxy Fold Phones wrapped in gold foil and disguised as Escobar Inc. phones to online technology reviewers to attempt to induce victims who watched the online reviews into buying the products that never would be delivered.

    Also, rather than sending paying customers the actual products, Gustafsson mailed them a “Certificate of Ownership,” a book, or other Escobar Inc. promotional materials so there was a record of mailing from the company to the customer. When a paying customer attempted to obtain a refund when the product was never delivered, Gustafsson fraudulently referred the payment processor to the proof of mailing for the Certificate of Ownership or other material as proof that the product itself was shipped and that the customer had received it so the refund requests would be denied.

    Gustafsson also caused bank accounts to be opened under his name and entities he controlled to be used as funnel accounts – bank accounts into which he deposited and withdrew proceeds derived from his criminal activities. The purpose was to conceal and disguise the nature, location, source, ownership, and control of the proceeds. The bank accounts were located in the United States, Sweden, and the United Arab Emirates.

    United States District Judge Fernando L. Aenlle-Rocha scheduled a December 5 sentencing hearing, at which time Gustafsson will face a statutory maximum sentence of 20 years in federal prison for each fraud-related count and up to 10 years in federal prison for each money laundering-related count. 

    As part of his plea agreement, Gustafsson agreed to pay up to $1.3 million in restitution to victims, as well as to forfeiture to funds that were proceeds of the fraud schemes, including money currently held in a bank account in Sweden.

    IRS Criminal Investigation, the FBI, and the Federal Deposit Insurance Corporation-Office of Inspector General are investigating this matter, with assistance from the Department of Justice’s Office of International Affairs, the United States Marshals Service, Eurojust, Spanish authorities, and French judicial authorities.

    Assistant United States Attorney Joshua O. Mausner of the Violent and Organized Crime Section is prosecuting this case.

    MIL Security OSI

  • MIL-OSI Security: Swedish Man Who Licensed Rights to Late Colombian Drug Lord Pablo Escobar Pleads Guilty to Fraud, Money Laundering Charges

    Source: US FBI

    LOS ANGELES – A Swedish national who licensed the rights of the late Colombian narco-terrorist Pablo Escobar pleaded guilty today to six federal criminal charges for defrauding investors by marketing and selling products – including flamethrowers and cellphones – that he never delivered.

    Olof Kyros Gustafsson, 32, a.k.a. “El Silencio,” pleaded guilty to one count of conspiracy to commit wire fraud and mail fraud, one count of wire fraud, one count of mail fraud, one count of conspiracy to commit money laundering, one count of concealment money laundering, and one count of international concealment money laundering.

    Gustafsson has been in federal custody since March 28, when he was extradited to the United States from Spain, where he was arrested in December 2023. 

    According to his plea agreement, Gustafsson was the CEO of Escobar Inc., a corporation registered in Puerto Rico that held successor-in-interest rights to the persona and legacy of Pablo Escobar, the deceased Colombian narco-terrorist and late head of the Medellín Cartel. Escobar Inc. used Pablo Escobar’s likeness and persona to market and sell purported consumer products to the public.

    From July 2019 to November 2023, Gustafsson identified existing products in the marketplace that were being manufactured and sold to the public. He then used the Escobar persona to market and advertise similar and competing products purportedly being sold by Escobar Inc., advertising them at a price substantially lower than existing counterparts being sold by other companies.

    Gustafsson then purportedly sold the products – including an Escobar Flamethrower, an Escobar Fold Phone, an Escobar Gold 11 Pro Phone, and Escobar Cash (marketed as a “physical cryptocurrency”) – to customers, receiving payments via PayPal, Stripe, Coinbase, among other payment processors, as well as bank and wire transfers.

    Despite receiving customer payments, Gustafsson did not deliver the Escobar Inc. products to paying customers because the products did not exist.

    In furtherance of the scheme, Gustafsson sent crudely made samples of the purported Escobar Inc. products to online technology reviewers and social media influencers to attempt to increase the public’s demand for them. For example, Gustafsson sent Samsung Galaxy Fold Phones wrapped in gold foil and disguised as Escobar Inc. phones to online technology reviewers to attempt to induce victims who watched the online reviews into buying the products that never would be delivered.

    Also, rather than sending paying customers the actual products, Gustafsson mailed them a “Certificate of Ownership,” a book, or other Escobar Inc. promotional materials so there was a record of mailing from the company to the customer. When a paying customer attempted to obtain a refund when the product was never delivered, Gustafsson fraudulently referred the payment processor to the proof of mailing for the Certificate of Ownership or other material as proof that the product itself was shipped and that the customer had received it so the refund requests would be denied.

    Gustafsson also caused bank accounts to be opened under his name and entities he controlled to be used as funnel accounts – bank accounts into which he deposited and withdrew proceeds derived from his criminal activities. The purpose was to conceal and disguise the nature, location, source, ownership, and control of the proceeds. The bank accounts were located in the United States, Sweden, and the United Arab Emirates.

    United States District Judge Fernando L. Aenlle-Rocha scheduled a December 5 sentencing hearing, at which time Gustafsson will face a statutory maximum sentence of 20 years in federal prison for each fraud-related count and up to 10 years in federal prison for each money laundering-related count. 

    As part of his plea agreement, Gustafsson agreed to pay up to $1.3 million in restitution to victims, as well as to forfeiture to funds that were proceeds of the fraud schemes, including money currently held in a bank account in Sweden.

    IRS Criminal Investigation, the FBI, and the Federal Deposit Insurance Corporation-Office of Inspector General are investigating this matter, with assistance from the Department of Justice’s Office of International Affairs, the United States Marshals Service, Eurojust, Spanish authorities, and French judicial authorities.

    Assistant United States Attorney Joshua O. Mausner of the Violent and Organized Crime Section is prosecuting this case.

    MIL Security OSI

  • MIL-OSI USA: Sens. Budd, Blunt Rochester Introduce Bipartisan Bill to Streamline American Manufacturing

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)
    Washington, D.C. — U.S. Senator Ted Budd (R-N.C.) and Lisa Blunt Rochester (D-Del.), members of the Senate Commerce, Science, and Transportation Committee, introduced the bipartisan Streamlining American Manufacturing Strategy Act. The bill would amend the National Institute of Standards and Technology Act to align the timelines for multiple advanced manufacturing initiatives to every four years on the same cycle.
    “Unleashing the next generation of technological innovation will make Americans’ everyday lives easier, create new jobs, and help American companies stay competitive in the global market. North Carolina has one of the most talented workforces in the nation, which has made the Old North State a leader in advanced manufacturing. I am proud to partner with my colleague, Senator Blunt Rochester, on this common-sense bill to ensure that our nation has a clear vision to keep American manufacturers ahead in the technological race and driving our economy forward,” said Senator Budd.
    “I have spent my career in Congress working to strengthen American manufacturing to create jobs and lower costs for hardworking people in Delaware and across the nation. The introduction of our bipartisan Streamlining American Manufacturing Strategy Act is another critical step in that effort. This bill will ensure everyone can be on the same page and cut unnecessary red tape across the American manufacturing sector. I am grateful to Senator Budd for his partnership on this effort on behalf of our constituents and look forward to working with our colleagues on the Commerce Committee and throughout the Senate to get this bill passed into law,” said Senator Blunt Rochester.
    “The U.S. Manufacturing Innovation Council welcomes the introduction of the Streamlining American Manufacturing Strategy Act. This legislation is a beneficial, commonsense, and bipartisan step that will improve the alignment of important national strategy initiatives for domestic advanced manufacturing.  The USMIC appreciates this effort to improve the national planning process,” said Franz Wuerfmannsdobler, Executive Director of the U.S. Manufacturing Innovation Council.
    Read the full bill text HERE.
    BACKGOUND
    As it currently stands, the Manufacturing USA Strategic Plan establishes a 3-year planning cycle for updating the 17 Manufacturing USA Institutes, as mandated by the National Institute of Standards and Technology Act. However, the National Strategy for Advanced Manufacturing is updated every four years on a different cycle.
    The alignment established under the Streamlining American Manufacturing Strategy Act will set clear goals, synchronize data collection, and increase collaboration for U.S. advanced manufacturing stakeholders.

    MIL OSI USA News

  • MIL-OSI USA: Congressman Langworthy Leads ZIP Code Fix for Pendleton and Wheatfield

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Congressman Nick Langworthy announced that the U.S. House of Representatives has passed the bipartisan ZIP Code Act, H.R. 3095, legislation he proudly cosponsored and helped advance through the House Oversight Committee in partnership with Congresswoman Lauren Boebert. The bill now moves to the Senate for consideration.

    The legislation directs the U.S. Postal Service to assign unique ZIP codes to more than 65 underserved communities across the country—including the Towns of Pendleton and Wheatfield in Western New York.

    For decades, Pendleton and Wheatfield have shared ZIP codes with neighboring municipalities—leading to misdirected mail, delayed deliveries, inaccurate sales tax distribution, inflated insurance rates, and slower emergency response times.

    “This has been a long-standing problem that’s impacted nearly every household and business in Pendleton and Wheatfield,”said Congressman Langworthy.“I made it a top priority to fix it. Now that the House has passed this bill, we’re one step closer to giving these communities the recognition, reliability, and services they deserve.”

    Langworthy is calling on the Senate to act swiftly and deliver long-overdue relief to these growing Western New York towns.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Congressman Langworthy Announces $800,085 DEC Grant for Fitzpatrick and Weller, Inc. to Support Forest Management and Rural Jobs

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Today, Congressman Nick Langworthy (NY-23) announced Fitzpatrick and Weller, Inc. was awarded $800,085 by the New York State Department of Environmental Conservation (DEC). Specifically, the funding will be used to install advanced wood energy emissions control systems at two of the company’s manufacturing facilities, helping the company meet state environmental compliance requirements, and ensure our lumber industry can continue to thrive in Upstate New York.

     

    “The hardwood and lumber industry are a backbone of our local economy, and I’m proud to have helped secure this federal grant for Fitzpatrick & Weller, Inc. to support rural job retention and advance sustainable forest management right here in Western New York,”said Congressman Nick Langworthy.“’Made in America’ means something in the Southern Tier, and I will always stand with our manufacturers to strengthen our domestic supply chain. While New York’s manufacturing sector continues to battle burdensome regulations, I’m committed to fighting for businesses like this one in Cattaraugus County to ensure American lumber production remains resilient and competitive.”

     

    “Congressman Langworthy was a huge advocate for us on this project, and we are very grateful for his commitment to protecting jobs in the hardwood industry here in the Southern Tier,” said Greg Fitzpatrick, President of Fitzpatrick & Weller, Inc.This grant is essential to our business and will allow us to invest in the necessary equipment to stay up to standard while continuing to operate, grow, and offer a truly American product from the forests of Cattaraugus County. Made in America means investing in America, and we are grateful to have the Congressman’s support.”

     

    This investment not only helps preserve local jobs but also supports responsible use of forest resources in the Southern Tier and across Western New York.

     

    ###

     

    MIL OSI USA News

  • MIL-OSI Canada: Stronger pipeline pact spans three provinces

    [. The MOU also calls for new rail lines to connect critical mineral deposits located in Ontario’s Ring of Fire region to ports in Western Canada.

    The agreement reinforces joint efforts to push back against federal policies that block nation-building projects in order to collectively advance pipelines, rail, transmission infrastructure and other major projects across Canada’s energy, mining and manufacturing sectors.

    This includes significantly amending or repealing the Impact Assessment Act, as well as repealing the Oil Tanker Moratorium Act, Clean Electricity Regulations, the Oil and Gas Sector Greenhouse Gas Emissions Cap, and all other federal initiatives that discriminately impact the energy sector and sectors such as mining and manufacturing. Taking action will ensure Alberta, Ontario and Saskatchewan can attract the investment and project partners needed to get shovels in the ground, grow industries and create jobs.

    “We’re taking action to grow our economy, build real infrastructure and get major projects moving. Alberta is proud to lead the way in uniting with provinces that share a vision for responsible development, economic freedom and common sense. We’re standing up for our oil and gas sector and making sure our world-class resources reach the markets that need them. Together, Alberta, Ontario and Saskatchewan are showing what’s possible when provinces step up. This agreement is about building a stronger, more connected Canada, one project at a time.”

    Danielle Smith, Premier of Alberta

    “As the world grapples with President Trump’s unfair tariffs, it’s more important than ever to build a resilient and self-reliant economy here at home. This agreement sends a clear message: Ontario, Alberta and Saskatchewan are ready to get shovels in the ground and move forward on projects that will secure our long-term prosperity.”

    Doug Ford, Premier of Ontario

    “We are sending a clear signal that Canada’s energy future will be built by Canadians, for Canadians. This agreement commits our provinces to work together to unlock new markets, shore up our supply chains from mine to port, and advocate for the federal reforms our industry needs. By advancing pipelines, rail connections and critical-mineral processing capacity, we are safeguarding thousands of jobs, strengthening our energy security, and fostering sustainable growth.”

    Scott Moe, Premier of Saskatchewan

    This agreement builds on the foundations of the MOU recently signed by Alberta Premier Danielle Smith and Ontario Premier Doug Ford at the Calgary Stampede to strengthen interprovincial trade, drive major infrastructure development, and grow Canada’s global competitiveness through energy and trade infrastructure.

    By signing this new agreement Alberta, Saskatchewan and Ontario are demonstrating what it takes to keep Canada competitive in a changing world.

    Quick facts

    • Premiers Danielle Smith and Doug Ford signed two MOUs on July 7, 2025, to prioritize building pipelines, rail and infrastructure between the two provinces, as well as to bolster interprovincial trade of alcohol and vehicles between the provinces.
    • On June 1, 2025, Premiers Smith and Ford signed an MOU to improve the free flow of goods and services between the two provinces.

    Related information

    • Leading the way on interprovincial trade

    Related news

    • Alberta-Ontario MOUs fuel more pipelines and trade (July 7, 2025)
    • Next stop for free trade: Ontario! (June 1, 2025)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News

  • MIL-OSI Canada: Government of Canada improves access to health services for Francophone minority communities

    Source: Government of Canada News

    Backgrounder

    July 22, 2025

    The following projects aim to improve access to health services in French for official language minority communities (OLMCs) across Canada.

    Société Santé en français (SSF)

    Project: Agir ensemble pour améliorer l’accès aux services de santé pour les communautés francophones et acadienne vivant en situation minoritaire au Canada (“Working together to improve access to health services for Francophone and Acadian minority communities in Canada”)

    Funding: $37,125,000

    The SSF project will deploy health networking activities in partnership with its 16 networks across the country to improve access to health services for minority francophone communities. This project will also support innovation that focuses on the integration of bilingual health workers, as well as the adaptation of existing health services to improve access for OLMCs. Funding allocated to the SSF includes support for their national secretariat and 16 networks, four of which are located in the Atlantic region:

    • SSF secretariat will receive $6,810,300;
    • Networks in Atlantic Canada:
      • Réseaux Société Santé et mieux-être en français du Nouveau-Brunswick (New Brunswick) will receive $3,230,305; 
      • Réseau Santé – Nouvelle-Écosse (Nova Scotia) will receive $1,274,550;
      • Réseau Santé en français de Terre-Neuve-et-Labrador (Newfoundland & Labrador) will receive $938,910; and
      • Réseau Santé en français Î.-P.-É. (Prince Edward Island) will receive $870,330

    Association des collèges et universités de la francophonie canadienne – Consortium national de formation en santé (ACUFC – CNFS)

    Project: Secrétariat national du Consortium national de formation (CNFS-ACUFC) – projet de Formation et maintien en poste des professionnels de la santé

    Funding: $9,463,536

    The ACUFC-CNFS project aims to increase access, recruitment and training to health programs in francophone post-secondary institutions, as well as increase internship and placement opportunities in Francophone minority communities. The ACUFC-CNFS is a national secretariat working closely with 16 francophone post-secondary institutions across Canada.

    Five Atlantic Canada post-secondary training institutions, members of the Association des collèges et universités de la francophonie canadienne – Consortium national de formation en santé (ACUFC – CNFS)

    Project: Formation et maintien en poste des professionnels de la santé (“Training and retention of health professionals”)

    Funding: $32,066,600

    • The Université de Moncton will receive $13,775,410 to increase the number of students enrolling in the following health programs: Bachelor’s in nutrition, Baccalaureate in nursing sciences, Master’s degree for nurse practitioners, Certificate and Master’s degree in health services management, Bachelor’s degree in social work and Doctorate in psychology. 
    • The Gouvernement de Nouveau-Brunswick – Centre de formation médicale will receive $10,439,250 to increase the number of students enrolling in their Undergraduate medicine program. 
    • The Collège communautaire du Nouveau-Brunswick will receive $4,932,535 to increase the number of students enrolling in the following health programs: Personal support work, Auxiliary nurse, Paramedical care, Mental health intervention techniques and aging, Pharmacy techniques, Rehabilitation techniques, Medical electrophysiology technology (cardiology), Medical radiation techniques, Respiratory therapy and Dental assistant. 
    • The Université Sainte-Anne will receive $1,958,295 to increase capacity in the following health programs: Rehabilitation assistant, Continuing care assistant and Bachelor’s degree in social work. 
    • The Collège de l’Île will receive $961,110 to increase capacity in the following health programs: Personal support work and Youth support work. 

    MIL OSI Canada News

  • MIL-OSI: The University of Ottawa Students’ Union Partners with Bounce to Build a More Inclusive and Connected Campus for 2025-2026

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, July 22, 2025 (GLOBE NEWSWIRE) —  The University of Ottawa Students’ Union (UOSU) is ushering in a bold new chapter for student life on campus. With a new partnership with Bounce for the 2025-2026 academic year, the UOSU executive team is delivering on its promise to create a more inclusive and connected campus experience.

    A Leadership Team Raising the Bar

    Strengthening student life on campus at the University of Ottawa is the cornerstone of the mandate of new UOSU President Jack Coen. This includes every aspect of student life, from better engagement and visibility to a safer campus for students.

    “Our executive team came into this year with a clear mission: make student life more accessible and more visible for everyone,” said Coen. “We know how hard our campus leaders and clubs work to build community, and it’s our job to give them the tools and platform to shine.”

    For many students, one of the biggest barriers to engagement is visibility. Without a centralized platform to showcase their efforts, clubs that work tirelessly to build community often go unnoticed. This year’s UOSU executive team is bringing a new light to this old problem.

    “We knew we had to tackle this challenge in an innovative way,” said Emilia Bah, interim Student Life Commissioner. “There’s so much happening at uOttawa, but it’s often hard for students to find and navigate. When we saw what Bounce could offer, a single place where everything comes together, it became an easy decision.”

    With Bounce, the UOSU will join the top unions in the country who are bringing the entire campus experience under one umbrella in an intuitive, centralized platform.

    For student organizations, this means:

    • Streamlined tools to manage members, recruitment, and communication.
    • Smarter ways to promote events and attract students who align with their mission.
    • Easier coordination of RSVPs, ticketing, and processing payments all in one platform.

    For students themselves, it means:

    • Finding and joining clubs that align with their interests.
    • Easily discovering new campus activities to try.
    • Staying up to date on what’s happening on their campus.

    “If Bounce had existed in my first year, I would have felt way less overwhelmed. There were so many events and clubs happening, but it was hard to know what was actually going on or, when, or where.” said Mari Laviola, a uOttawa undergraduate student, “Now, everything’s going to be in one place, like a living map of campus life. I’m excited because it’s going to change how students meet friends, discover what we are into, and actually become a part of the community much earlier and more easily”.

    Safety, Transparency, and Inclusivity

    The union’s commitment to student well-being also guided this partnership. Bounce includes real-time event safety scoring, anonymous reporting features, and communication tools that prioritize transparency and responsiveness. These features align directly with Coen’s pledge to strengthen campus safety.

    Bounce’s track record at peer student unions, like its role in helping St. Francis Xavier reach the 99th percentile for event safety, offers a strong foundation for what can be achieved by Coen’s team at uOttawa.

    Built for a Better Tomorrow

    As the UOSU navigates an exciting year of transition and renewed purpose, this partnership positions them at the forefront of innovation in student engagement. The whole executive team is united in their goal to build a campus where no student feels left out, and where participation is seamless, safe, and celebrated.

    “This isn’t just about new technology or another tool,” said Coen. “This is about finally solving a problem that students have been facing for years of not knowing where to go or how to get involved. We’re proud to be joining the ranks of the great student unions across the country who are choosing a better, more connected path forward.”

    In addition to student life tools, Bounce also offers centralized, easy-to-use workflows for event approvals, club budget requests, and student elections management. These governance tools are available to any student union looking to save time and money by simplifying their internal processes.

    The UOSU joins a rapidly growing list of top student unions in Canada who are transforming student engagement with Bounce.

    Ready to join the movement and bring your student union to the forefront? Let’s talk.

    https://www.bouncelife.com/admin 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/315832e8-5ea5-40d2-b70f-54cad8b15efc

    The MIL Network

  • MIL-OSI: The University of Ottawa Students’ Union Partners with Bounce to Build a More Inclusive and Connected Campus for 2025-2026

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, July 22, 2025 (GLOBE NEWSWIRE) —  The University of Ottawa Students’ Union (UOSU) is ushering in a bold new chapter for student life on campus. With a new partnership with Bounce for the 2025-2026 academic year, the UOSU executive team is delivering on its promise to create a more inclusive and connected campus experience.

    A Leadership Team Raising the Bar

    Strengthening student life on campus at the University of Ottawa is the cornerstone of the mandate of new UOSU President Jack Coen. This includes every aspect of student life, from better engagement and visibility to a safer campus for students.

    “Our executive team came into this year with a clear mission: make student life more accessible and more visible for everyone,” said Coen. “We know how hard our campus leaders and clubs work to build community, and it’s our job to give them the tools and platform to shine.”

    For many students, one of the biggest barriers to engagement is visibility. Without a centralized platform to showcase their efforts, clubs that work tirelessly to build community often go unnoticed. This year’s UOSU executive team is bringing a new light to this old problem.

    “We knew we had to tackle this challenge in an innovative way,” said Emilia Bah, interim Student Life Commissioner. “There’s so much happening at uOttawa, but it’s often hard for students to find and navigate. When we saw what Bounce could offer, a single place where everything comes together, it became an easy decision.”

    With Bounce, the UOSU will join the top unions in the country who are bringing the entire campus experience under one umbrella in an intuitive, centralized platform.

    For student organizations, this means:

    • Streamlined tools to manage members, recruitment, and communication.
    • Smarter ways to promote events and attract students who align with their mission.
    • Easier coordination of RSVPs, ticketing, and processing payments all in one platform.

    For students themselves, it means:

    • Finding and joining clubs that align with their interests.
    • Easily discovering new campus activities to try.
    • Staying up to date on what’s happening on their campus.

    “If Bounce had existed in my first year, I would have felt way less overwhelmed. There were so many events and clubs happening, but it was hard to know what was actually going on or, when, or where.” said Mari Laviola, a uOttawa undergraduate student, “Now, everything’s going to be in one place, like a living map of campus life. I’m excited because it’s going to change how students meet friends, discover what we are into, and actually become a part of the community much earlier and more easily”.

    Safety, Transparency, and Inclusivity

    The union’s commitment to student well-being also guided this partnership. Bounce includes real-time event safety scoring, anonymous reporting features, and communication tools that prioritize transparency and responsiveness. These features align directly with Coen’s pledge to strengthen campus safety.

    Bounce’s track record at peer student unions, like its role in helping St. Francis Xavier reach the 99th percentile for event safety, offers a strong foundation for what can be achieved by Coen’s team at uOttawa.

    Built for a Better Tomorrow

    As the UOSU navigates an exciting year of transition and renewed purpose, this partnership positions them at the forefront of innovation in student engagement. The whole executive team is united in their goal to build a campus where no student feels left out, and where participation is seamless, safe, and celebrated.

    “This isn’t just about new technology or another tool,” said Coen. “This is about finally solving a problem that students have been facing for years of not knowing where to go or how to get involved. We’re proud to be joining the ranks of the great student unions across the country who are choosing a better, more connected path forward.”

    In addition to student life tools, Bounce also offers centralized, easy-to-use workflows for event approvals, club budget requests, and student elections management. These governance tools are available to any student union looking to save time and money by simplifying their internal processes.

    The UOSU joins a rapidly growing list of top student unions in Canada who are transforming student engagement with Bounce.

    Ready to join the movement and bring your student union to the forefront? Let’s talk.

    https://www.bouncelife.com/admin 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/315832e8-5ea5-40d2-b70f-54cad8b15efc

    The MIL Network

  • MIL-OSI USA: Vietnamese national dies in ICE custody

    Source: US Immigration and Customs Enforcement

    SAN ANTONIO — Tien Xuan Phan, a 55-year-old citizen of Vietnam in the custody of U.S. Immigration and Customs Enforcement, was pronounced deceased by the Methodist Hospital Northeast at 5:48 p.m. July 19. The cause of death is still under investigation.

    Phan was being detained at the Karnes County Immigration Processing Center in Karnes City. Phan was taken to Otto Kaiser Memorial Hospital on July 18 for evaluation due to seizures, vomiting and unresponsiveness, and was later airlifted to the Methodist Hospital Northeast for further evaluation. 

    ICE Enforcement and Removal Operations deportation officers arrested Phan June 2. Phan was ordered removed by an immigration judge on April 2, 2012, but failed to leave the U.S. as ordered. 

    Consistent with ICE policy, ERO notified the U.S. Department of Homeland Security, the Office of Inspector General, and the ICE Office of Professional Responsibility via the Integrity Coordination Center. ERO provided notification of the death to the Vietnam Embassy.

    ICE makes official notifications to Congress, nongovernmental organization stakeholders, and the media upon an official report of a detained illegal alien’s death and posts a news release with relevant details on the ICE public website within two business days per agency policy. This information may be accessed in the ICE.gov Newsroom. Additionally, congressional requirements described in the DHS Appropriations Bill of 2018 require ICE to make public all reports regarding an in-custody death within 90 days.

    These reports may be accessed on the Detainee Death Reporting page.

    ICE remains committed to ensuring that all those in its custody reside in safe, secure, and humane environments. Comprehensive medical care is provided from the moment individuals arrive and throughout the entirety of their stay. All people in ICE custody receive medical, dental and mental health intake screening within 12 hours of arriving at each detention facility, a full health assessment within 14 days of entering ICE custody or arrival at a facility, access to medical appointments and 24-hour emergency care. At no time during detention is a detained illegal alien denied emergent care.

    MIL OSI USA News

  • MIL-OSI USA: Illinois Tax Preparer Sentenced for Role in $3.6M Covid-19 Fraud Scheme

    Source: US State of North Dakota

    An Illinois man was sentenced yesterday to 42 months in prison for his role in a scheme to fraudulently obtain over $3.6 million in small business loans under the Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program (PPP) and COVID19 Economic Injury Disaster Loan (EIDL) program implemented by the Small Business Administration (SBA). 

    According to court documents, Farooq Khan, 31, of Chicago, owned and operated Hannan Tax Services (Hannan Tax), a tax preparation company located in Chicago. From approximately May 2020 through October 2021, through Hannan Tax, Khan prepared and facilitated the submission of at least 30 fraudulent applications for loans through the PPP and EIDL program. At the time Kahn prepared and submitted the applications, he knew that the companies for which he sought the loans were non-operational and did not qualify. He also knowingly falsified the information contained in the applications, including the number of employees and tax records attributed to the defunct companies. Khan caused approximately $3.6 million to be fraudulently distributed by the SBA and PPP lenders. He also attempted to obtain at least an additional $588,900 in loans through other EIDL applications that were never funded for nonexistent companies. He personally obtained approximately $1.2 million of the fraudulent loan proceeds.     

    Khan pleaded guilty to one count of wire fraud on Feb. 19. At sentencing, he was also ordered to pay $3,645,104 in restitution. 

    Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division, Special Agent in Charge Douglas S. DePodesta of the FBI Chicago Field Office, and Special Agent-in-Charge Matthew J. Scarpino of Immigration and Customs Enforcement Homeland Security Investigations (ICE-HSI) Chicago made the announcement.   

    The FBI Chicago Field Office and ICE-HSI are investigating the case. 

    Trial Attorney Claire Sobczak Pacelli of the Criminal Division’s Fraud Section is prosecuting the case. 

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline at 8667205721 or via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form. 

    MIL OSI USA News

  • MIL-OSI: Mobile vs. Machine: BAY Miner Redefines BTC and XRP Mining in the Post-Halving Era

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 22, 2025 (GLOBE NEWSWIRE) — With the post-halving reality of Bitcoin now set in, and XRP continuing to gain momentum in institutional finance, BAY Miner has emerged as a revolutionary platform that brings together two realms: new cloud mining and mobile access. The platform is changing the way both novices and experienced investors mine crypto by providing an easy, rapid, and flexible method to earn digital assets.

    The Post-Halving Shift: A New Mining Landscape

    Bitcoin halving will occur in April 2024 in which block rewards will be reduced from 6.25 BTC to 3.125 BTC which will create a more historically difficult environment for mining. Conventional miners will be facing reduced margins and higher fixed costs and will face more competition from other miners competing for the same pool of BTC rewards. Advantageous conditions of mining have gone away and in today’s environment, efficiency, flexibility and accessibility are must-haves not nice-to-haves if you want to be competitive as a miner. 

    BAY Miner’s cloud-based ecosystem provides an opportunity to participate in BTC and XRP mining at little to no hardware, technical know-how or large up-front payments.  The concept is to create a more efficient, intelligent (decentralized) mining solution and ecosystem supporting a BTC and XRP mining landscape for a miner after the halving.

    Democratizing Mining: Power in Your Pocket

    BAY Miner’s mission is clear—make crypto mining accessible to everyone, not just those with warehouses of hardware. Through its mobile-first platform, users can mine Bitcoin and XRP from anywhere in the world with nothing more than a smartphone and an internet connection.

    Mining should be open to all, regardless of tech background or budget. We’ve built a platform that turns crypto mining into a tap-and-earn experience—secure, scalable, and user-friendly.

    Unlike traditional mining setups that demand expensive rigs and constant maintenance, BAY Miner delivers passive income through intelligent cloud contracts. Everything happens in the background—users just watch their balance grow daily.

    How It Works: Cloud Mining, Simplified

    Cloud mining through BAY Miner eliminates the need for physical infrastructure. Users lease computing power from professional data centers operated by BAY Miner, which are equipped with high-performance GPUs and ASIC hardware in countries like the UAE, Canada, and the U.S.

    These centers handle all technical operations. Meanwhile, users control everything from the app—select contracts, monitor returns, and withdraw profits at their convenience.

    BAY Miner Platform Highlights:

    • Mobile-First Interface: Available on Android and iOS for 24/7 access
    • AI-Powered Allocation: Smart algorithms optimize mining performance across multiple pools
    • Support for XRP & BTC: You mine 2 assets and gain 2 streams of earnings
    • Instant Withdrawals: Your profits are paid electronically directly to your wallet (there are no lock-in periods)
    • Safety facility: Enterprise-level safety – complete with global regulatory compliance
    • Support: Access support 24/7 with multilingual agents supportive era very easy to work with customers.

    Post-Halving Mining Strategies: BAY Miner’s Smart Contracts

    Post-halving mining demands smarter strategies and more efficient use of computing resources. BAY Miner achieves this with a variety of customizable contracts suited for different budgets and timelines.

    Popular Mining Plans:

    • BTC Starter Contract
      Investment: $100
      Duration: 2 Days
      Daily Return: $4.00
      Total Return: $108
    • XRP Growth Contract
      Investment: $600
      Duration: 6 Days
      Daily Return: $7.26
      Total Return: $643.56
    • BTC Premium Contract
      Investment: $3,000
      Duration: 10 Days
      Daily Return: $42.50
      Total Return: $3,425

    These packages are designed to offer quick ROI while allowing users to reinvest or diversify based on current market trends. Every contract is backed by BAY Miner’s AI engine, which ensures optimal performance—even when the market fluctuates.

    Why BAY Miner Leads in 2025

    In a saturated market of mining platforms, BAY Miner stands out by combining trust, transparency, and technology. It’s more than just a mining app—it’s a financial tool designed for modern crypto users.

    Key Differentiators:

    • Regulatory Compliance: Licensed operations across key global jurisdictions
    • Transparent Earnings: Real-time monitoring of profits, energy allocation, and contract status
    • Referral Rewards: Incentives for sharing the platform with your network
    • Sustainable Mining: Eco-conscious energy sources power BAY Miner’s facilities

    Users can feel confident that their mining activities are both profitable and ethical.

    Getting Started: Mine Smarter, Not Harder

    The onboarding process is quick and intuitive:

    Step 1: Download the BAY Miner app from Google Play or the App Store
    Step 2: Register using your email or crypto wallet
    Step 3: Choose a contract that fits your investment goal
    Step 4: Start mining immediately—no waiting, no approvals
    Step 5: Track your returns and withdraw your earnings anytime

    Within minutes, users can begin generating passive crypto income with zero complexity.

    The Future of Crypto Mining Is Here

    As BTC and XRP keep playing essential parts in global digital finance, firms such as BAY Miner will shape the future of mining. In a world with a focus on energy efficiency, decentralization, and access, BAY Miner will show the world how mining can be powerful and personal.

    No bulky machines. No technical barriers. Just intelligent mining—made for mobile.

    Official Website: https://www.bayminer.com/
    Contact Email: support@bayminer.com
    App Download: Android & iOS

    Start your cloud mining journey today with BAY Miner. The digital gold rush is back—this time, it fits in your pocket.

    Attachment

    The MIL Network

  • MIL-OSI: PSB Holdings, Inc. Reports Record Quarterly Earnings of $0.89 Per Diluted Share; Net Interest Margin Improves For Fifth Consecutive Quarter

    Source: GlobeNewswire (MIL-OSI)

    WAUSAU, Wis., July 22, 2025 (GLOBE NEWSWIRE) — PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin reported second quarter earnings ending June 30, 2025 up 48% relative to the prior quarter to $0.89 per diluted common share on net income of $3.8 million, compared to $0.60 per diluted common share on net income of $2.6 million during the first quarter ending March 31, 2025, and $0.56 per diluted common share on net income of $2.4 million during the second quarter ending June 30, 2024.

    PSB’s second quarter 2025 operating results reflected the following changes from the first quarter of 2025: (1) a stronger net interest margin as asset yields rose; (2) higher non-interest income from higher mortgage banking income; and (3) lower non-interest expenses due to lower salaries and employee benefit expenses.

    “We are proud to report record earnings for the second quarter, highlighted by an improving net interest margin and cost controls that have lowered our non-interest expenses and improved our efficiency ratio to 63%. Over the past year, we increased tangible book value per share by 13.1% while paying $0.64 per share in dividends to our shareholders. As loans continue to reprice at higher rates and new loans are originated at higher levels than current yields, we expect our net interest margin to continue to expand from current levels. While non-performing assets have grown, they represent a small number with special circumstances, and we expect favorable resolutions for certain significant non-performing assets by the end of the calendar year,” stated Scott Cattanach, President and CEO.

    June 30, 2025, Highlights:

    • Net interest income increased $470,000 to $10.7 million for the quarter ended June 30, 2025, from $10.3 million for the quarter ended March 31, 2025, due in part to higher yields on loans and one additional day during the quarter.
    • Noninterest income increased $230,000 to $2.1 million for the quarter ended June 30, 2025, compared to $1.9 million the prior quarter due primarily to higher mortgage banking revenues.
    • Noninterest expenses decreased $776,000 to $8.2 million during the quarter ended June 30, 2025 from $9.0 million for the quarter ended March 31, 2025, reflecting lower salary and benefit expenses.
    • Net loans increased $12.9 million, or 1% in the second quarter ended June 30, 2025, to $1.11 billion compared to March 31, 2025, largely due to increased commercial line usage. Allowance for credit losses remained at 1.12% of gross loans.
    • Non-performing assets increased $2.6 million to $15.6 million, or 1.04% of total assets at June 30, 2025 compared to the previous quarter. One existing non-performing loan relationship increased during the quarter as an additional loan in this relationship was moved to non-performing status. The underlying security of these loans is undergoing a sales process by the owner. Additionally, an unrelated new loan relationship was added to non-performing status.
    • Total deposits increased $47.5 million to $1.18 billion at June 30, 2025 from $1.13 billion at March 31, 2025, with the increase largely consisting of non-interest bearing demand deposits and time deposits with balances greater than $250,000. Core deposits increased $32.3 million while brokered deposits decreased $13.7 million. A portion of the overall deposit increase relates to an established customer making a large time deposit near the end of the quarter.
    • Return on average tangible common equity was 13.11% for the quarter ended June 30, 2025, compared to 9.21% the prior quarter and 9.34% in the year ago quarter.
    • Tangible book value per common share was up 13.1% over the past year to $27.77 at June 30, 2025, compared to $24.55 at June 30, 2024. Additionally, PSB paid dividends totaling $0.64 per share during the past year.

    Balance Sheet and Asset Quality Review

    Total assets increased $46.8 million during the second quarter to $1.51 billion at June 30, 2025, compared to $1.46 billion at March 31, 2025. Cash and cash equivalents increased $34.9 million to $57.5 million at June 30, 2025 from $22.7 million at March 31, 2025 as new deposits replenished reserves used to fund new loans. Investment securities available for sale increased $1.7 million to $184.3 million at June 30, 2025, from $182.6 million one quarter earlier.

    Gross loans receivable increased $10.7 million to $1.15 billion at June 30, 2025, compared to one quarter earlier, due primarily to increased commercial & industrial lending. Commercial & industrial loans increased $11.2 million to $135.3 million at June 30, 2025, and commercial real estate loans increased $3.6 million to $566.5 million at June 30, 2025, compared to three months earlier. Commercial real estate construction and development loans decreased $9.2 million to $77.9 million at June 30, 2025, while residential real estate loans increased $3.3 million from the prior quarter to $337.1 million. Agricultural loans increased $1.6 million to $13.2 million at June 30, 2025 compared to three months earlier. The loan portfolio remains well diversified with commercial real estate and construction loans totaling 56.1% of gross loans, followed by residential real estate loans at 29.4% of gross loans, commercial non-real estate loans at 14.1% and consumer loans at 0.4%.

    The allowance for credit losses remained at 1.12% of gross loans at June 30, 2025 while annualized net charge-offs to average loans were zero for the quarter ended June 30, 2025. Non-performing assets increased $2.6 million to $15.6 million, or 1.04% of total assets at June 30, 2025 up from 0.89% at March 31, 2025. The increase reflects a loan relationship that was non-performing in the prior quarter having an additional loan move to non-performing status in the second quarter and a separate loan relationship within the timber industry where the customer has experienced irregular cashflows. Approximately 80% of the non-performing assets consisted of five loan relationships.

    Total deposits increased 4% quarter over quarter, with 23% of the deposit portfolio being uninsured at June 30th. Overall, core deposits increased $32.3 million during the quarter while brokered deposits decreased $13.7 million.

    At June 30, 2025, non-interest bearing demand deposits increased to 23.6% of total deposits from 21.7% the prior quarter, while interest-bearing demand and savings deposits decreased to 27.4% at June 30, 2025 from 29.4% one quarter earlier. The additional deposit inflow helped to decrease FHLB advances during the quarter by $4.3 million and brokered deposits by $13.7 million.

    Tangible stockholder equity as a percentage of total tangible assets decreased to 7.95% at June 30, 2025, compared to 8.05% at March 31, 2025, and 7.32% at June 30, 2024.

    Tangible net book value per common share increased $3.22 during the quarter to $27.77, at June 30, 2025 compared to $24.55 one year earlier, an increase of 13.1% after dividends of $0.64 were paid to shareholders. Relative to the prior quarter’s tangible book value per common share of $26.94, tangible net book value per common share increased primarily due to earnings and an increase in the fair market value of the investment portfolios. The accumulated other comprehensive loss on the investment portfolio was $15.8 million at June 30, 2025, compared to $16.7 million one quarter earlier.

    Operations Review

    Net interest income increased to $10.7 million (on a net margin of 3.09%) for the second quarter of 2025, from $10.3 million (on a net margin of 3.03%) for the first quarter of 2025, and increased from $9.4 million (on a net margin of 2.84%) for the second quarter of 2024. The higher net interest income in the current period primarily relates to higher loan yields during the quarter. Earning asset yields increased to 5.40% during the second quarter of 2025 from 5.35% the prior period and cost of funds increased four basis points to 3.06% compared to 3.02% during the first quarter of 2025. Relative to one year earlier, earning asset yields were up 19 basis points while the overall cost of funds was flat.

    The increase in earning asset yields was due to higher yields on loan originations, loan renewals and security repricing. Loan yields increased during the second quarter of 2025 to 5.91% from 5.82% for the first quarter of 2025. Taxable security yields on a smaller average balance relative to the prior quarter were 3.24% for the quarter ended June 30, 2025, compared to 3.35% for the quarter ended March 31, 2025, while tax-exempt security yields remained at 3.35% for the quarter ended June 30, 2025.

    Total noninterest income increased $230,000 during the second quarter of 2025 to $2.1 million. An increase of $161,000 in mortgage banking income during the quarter accounted for the majority of the change.

    Noninterest expenses decreased $776,000 to $8.2 million for the second quarter of 2025, compared to $9.0 million for the first quarter of 2025, and decreased $202,000 from $8.4 million for the second quarter of 2024. On a linked quarter basis, salary and benefits expense decreased $474,000 as the first quarter results reflected an increase in variable commercial sales incentive expense. Occupancy and facilities costs decreased $67,000, data processing and other office operation expenses decreased $12,000, a gain on the sale of foreclosed real estate was $58,000 and various other noninterest expenses decreased $225,000 during the second quarter ended June 30, 2025. Partially offsetting the expense reductions was an increase in advertising and promotion expenses of $60,000.

    Income taxes increased $279,000 during the second quarter to $752,000, from $473,000 one quarter earlier on higher income levels. The effective tax rate for the quarter ended June 30, 2025, was 16.6% compared to 15.6% for the first quarter ended March 31, 2025.

    About PSB Holdings, Inc.

    PSB Holdings, Inc. is the parent company of Peoples State Bank. Peoples is a community bank headquartered in Wausau, Wisconsin, serving northcentral and southeastern Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Milwaukee and Waukesha counties. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. PSB Holdings, Inc. is traded under the stock symbol PSBQ on the OTCQX Market. More information about PSB, its management, and its financial performance may be found at www.psbholdingsinc.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about PSB’s business based, in part, on assumptions made by management and include, without limitation, statements with respect to the potential growth of PSB, its future profits, expected stock repurchase levels, future dividend rates, future interest rates, and the adequacy of its capital position. Forward-looking statements can be affected by known and unknown risks, uncertainties, and other factors, including, but not limited to, strength of the economy, the effects of government policies, including interest rate policies, risks associated with the execution of PSB’s vision and growth strategy, including with respect to current and future M&A activity, and risks associated with global economic instability. The forward-looking statements in this press release speak only as of the date on which they are made and PSB does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

     
    PSB Holdings, Inc.
    Consolidated Balance Sheets
    June 30, and March 31, 2025, September 30, and June 30, 2024, unaudited, December 31, 2024 derived from audited financial statements
                 
        Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
    (dollars in thousands, except per share data)     2025     2025     2024     2024     2024  
                 
    Assets            
                 
    Cash and due from banks   $ 23,022   $ 19,628   $ 21,414   $ 23,554   $ 16,475  
    Interest-bearing deposits     2,890     702     3,724     5,126     251  
    Federal funds sold     31,624     2,351     15,360     58,434     69,249  
                 
    Cash and cash equivalents     57,536     22,681     40,498     87,114     85,975  
    Securities available for sale (at fair value)     184,320     182,594     189,086     174,911     165,177  
    Securities held to maturity (fair values of $75,016, $77,375, $79,654, $82,389 and $79,993 respectively)     83,123     85,373     86,748     86,847     86,825  
    Equity securities     2,885     2,847     2,782     1,752     1,661  
    Loans held for sale     349     734     217         2,268  
    Loans receivable, net (allowance for credit losses of $12,553, $12,392, $12,342, $12,598 and $12,597 respectively)     1,109,296     1,096,422     1,078,204     1,057,974     1,074,844  
    Accrued interest receivable     5,006     5,184     5,042     4,837     5,046  
    Foreclosed assets         300              
    Premises and equipment, net     13,397     13,522     13,805     14,065     14,048  
    Mortgage servicing rights, net     1,684     1,717     1,742     1,727     1,688  
    Federal Home Loan Bank stock (at cost)     9,297     8,825     8,825     8,825     8,825  
    Cash surrender value of bank-owned life insurance     25,067     24,897     24,732     24,565     24,401  
    Core deposit intangible     330     353     195     212     229  
    Goodwill     3,495     3,495     2,541     2,541     2,541  
    Other assets     10,832     10,828     11,539     10,598     12,111  
                 
    TOTAL ASSETS   $ 1,506,617   $ 1,459,772   $ 1,465,956   $ 1,475,968   $ 1,485,639  
                 
    Liabilities            
                 
    Non-interest-bearing deposits   $ 277,239   $ 245,672   $ 259,515   $ 265,078   $ 250,435  
    Interest-bearing deposits     900,303     884,364     887,834     874,035     901,886  
                 
    Total deposits     1,177,542     1,130,036     1,147,349     1,139,113     1,152,321  
                 
    Federal Home Loan Bank advances     165,950     170,250     162,250     181,250     184,900  
    Other borrowings     6,250     6,343     6,872     6,128     5,775  
    Senior subordinated notes     4,784     4,783     4,781     4,779     4,778  
    Junior subordinated debentures     13,075     13,049     13,023     12,998     12,972  
    Allowance for credit losses on unfunded commitments     622     672     672     477     477  
    Accrued expenses and other liabilities     15,118     13,554     14,723     12,850     13,069  
                 
    Total liabilities     1,383,341     1,338,687     1,349,670     1,357,595     1,374,292  
                 
    Stockholders’ equity            
                 
    Preferred stock – no par value:            
    Authorized – 30,000 shares; Issued – 7,200 shares            
    Outstanding – 7,200 shares, respectively     7,200     7,200     7,200     7,200     7,200  
    Common stock – no par value with a stated value of $1.00 per share:            
    Authorized – 18,000,000 shares; Issued – 5,490,798 shares            
    Outstanding – 4,041,573, 4,084,708, 4,092,977, 4,105,594 and 4,128,382 shares, respectively     1,830     1,830     1,830     1,830     1,830  
    Additional paid-in capital     8,659     8,608     8,610     8,567     8,527  
    Retained earnings     144,548     142,277     139,838     138,142     135,276  
    Accumulated other comprehensive income (loss), net of tax     (15,764 )   (16,692 )   (19,314 )   (15,814 )   (20,503 )
    Treasury stock, at cost – 1,449,225, 1,406,090, 1,397,821, 1,385,204 and 1,362,416 shares, respectively     (23,197 )   (22,138 )   (21,878 )   (21,552 )   (20,983 )
                 
    Total stockholders’ equity     123,276     121,085     116,286     118,373     111,347  
                 
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,506,617   $ 1,459,772   $ 1,465,956   $ 1,475,968   $ 1,485,639  
    PSB Holdings, Inc.
    Consolidated Statements of Income
                     
        Quarter Ended Six Months Ended
    (dollars in thousands,   Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30, June
    except per share data – unaudited)     2025     2025     2024     2024     2024     2025     2024  
                     
    Interest and dividend income:                
    Loans, including fees   $ 16,510   $ 15,782   $ 15,646   $ 15,634   $ 15,433   $ 32,292   $ 30,542  
    Securities:                
    Taxable     1,566     1,641     1,545     1,345     1,295     3,207     2,492  
    Tax-exempt     506     517     522     522     521     1,023     1,047  
    Other interest and dividends     332     345     948     699     265     677     608  
                     
    Total interest and dividend income     18,914     18,285     18,661     18,200     17,514     37,199     34,689  
                     
    Interest expense:                
    Deposits     5,934     5,884     6,027     5,905     5,838     11,818     11,920  
    FHLB advances     1,899     1,792     1,890     2,038     1,860     3,691     3,310  
    Other borrowings     48     47     57     57     58     95     118  
    Senior subordinated notes     58     59     59     59     58     117     117  
    Junior subordinated debentures     250     248     252     252     255     498     506  
                     
    Total interest expense     8,189     8,030     8,285     8,311     8,069     16,219     15,971  
                     
    Net interest income     10,725     10,255     10,376     9,889     9,445     20,980     18,718  
    Provision for credit losses     110     117             100     227     195  
                     
    Net interest income after provision for credit losses     10,615     10,138     10,376     9,889     9,345     20,753     18,523  
                     
    Noninterest income:                
    Service fees     366     358     362     367     350     724     686  
    Mortgage banking income     411     250     414     433     433     661     741  
    Investment and insurance sales commissions     335     326     226     230     222     799     343  
    Net loss on sale of securities         (1 )   (511 )           661     (495 )
    Increase in cash surrender value of life insurance     170     163     166     165     159     (1 )   316  
    Other noninterest income     814     770     620     648     742     1,584     1,359  
                     
    Total noninterest income     2,096     1,866     1,277     1,843     1,906     3,962     2,950  
                     
    Noninterest expense:                
    Salaries and employee benefits     4,828     5,302     4,691     4,771     5,167     10,130     10,290  
    Occupancy and facilities     719     786     691     757     733     1,505     1,454  
    Loss (gain) on foreclosed assets     (58 )           1         (58 )    
    Data processing and other office operations     1,189     1,201     1,111     1,104     1,047     2,390     2,069  
    Advertising and promotion     189     129     141     164     171     318     300  
    Core deposit intangible amortization     23     23     17     17     20     46     44  
    Other noninterest expenses     1,303     1,528     1,351     1,337     1,257     2,831     2,563  
                     
    Total noninterest expense     8,193     8,969     8,002     8,151     8,395     17,162     16,720  
                     
    Income before provision for income taxes     4,518     3,035     3,651     3,581     2,856     7,553     4,753  
    Provision for income taxes     752     473     524     593     410     1,225     579  
                     
    Net income   $ 3,766   $ 2,562   $ 3,127   $ 2,988   $ 2,446   $ 6,328   $ 4,174  
    Preferred stock dividends declared   $ 122   $ 122   $ 122   $ 122   $ 122   $ 244   $ 244  
                     
    Net income available to common shareholders   $ 3,644   $ 2,440   $ 3,005   $ 2,866   $ 2,324   $ 6,084   $ 3,930  
    Basic earnings per common share   $ 0.90   $ 0.60   $ 0.73   $ 0.69   $ 0.56   $ 1.49   $ 0.95  
    Diluted earnings per common share   $ 0.89   $ 0.60   $ 0.73   $ 0.69   $ 0.56   $ 1.49   $ 0.95  
    PSB Holdings, Inc.
    Quarterly Financial Summary
     
    (dollars in thousands, except per share data)   Quarter ended
        Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
    Earnings and dividends:     2025     2025     2024     2024     2024  
                 
    Interest income   $ 18,914   $ 18,285   $ 18,661   $ 18,200   $ 17,514  
    Interest expense   $ 8,189   $ 8,030   $ 8,285   $ 8,311   $ 8,069  
    Net interest income   $ 10,725   $ 10,255   $ 10,376   $ 9,889   $ 9,445  
    Provision for credit losses   $ 110   $ 117   $   $   $ 100  
    Other noninterest income   $ 2,096   $ 1,866   $ 1,277   $ 1,843   $ 1,906  
    Other noninterest expense   $ 8,193   $ 8,969   $ 8,002   $ 8,151   $ 8,395  
    Net income available to common shareholders   $ 3,644   $ 2,440   $ 3,005   $ 2,866   $ 2,324  
                 
    Basic earnings per common share (3)   $ 0.90   $ 0.60   $ 0.73   $ 0.69   $ 0.56  
    Diluted earnings per common share (3)   $ 0.89   $ 0.60   $ 0.73   $ 0.69   $ 0.56  
    Dividends declared per common share (3)   $ 0.34   $   $ 0.32   $   $ 0.32  
    Tangible net book value per common share (4)   $ 27.77   $ 26.94   $ 25.98   $ 26.41   $ 24.55  
                 
    Semi-annual dividend payout ratio     22.58 % n/a   23.27 % n/a   33.61 %
    Average common shares outstanding     4,070,721     4,088,824     4,094,360     4,132,218     4,139,456  
                 
                 
    Balance sheet – average balances:            
    Loans receivable, net of allowances for credit loss   $ 1,111,004   $ 1,091,533   $ 1,064,619   $ 1,066,795   $ 1,088,013  
    Assets   $ 1,480,851   $ 1,462,862   $ 1,479,812   $ 1,445,613   $ 1,433,749  
    Deposits   $ 1,142,279   $ 1,140,397   $ 1,151,450   $ 1,110,854   $ 1,111,240  
    Stockholders’ equity   $ 123,077   $ 118,576   $ 118,396   $ 114,458   $ 110,726  
                 
                 
    Performance ratios:            
    Return on average assets (1)     1.02 %   0.71 %   0.84 %   0.82 %   0.69 %
    Return on average common stockholders’ equity (1)     12.61 %   8.88 %   10.75 %   10.63 %   9.03 %
    Return on average tangible common stockholders’ equity (1)(4)     13.11 %   9.21 %   11.07 %   10.96 %   9.34 %
    Net loan charge-offs to average loans (1)     0.00 %   0.02 %   0.02 %   0.00 %   0.00 %
    Nonperforming loans to gross loans     1.39 %   1.15 %   0.95 %   0.97 %   1.15 %
    Nonperforming assets to total assets     1.04 %   0.89 %   0.71 %   0.71 %   0.84 %
    Allowance for credit losses to gross loans     1.12 %   1.12 %   1.13 %   1.18 %   1.16 %
    Nonperforming assets to tangible equity plus the allowance for credit losses (4)     12.64 %   10.71 %   8.85 %   8.71 %   11.09 %
    Net interest rate margin (1)(2)     3.09 %   3.03 %   2.96 %   2.90 %   2.84 %
    Net interest rate spread (1)(2)     2.34 %   2.33 %   2.23 %   2.16 %   2.15 %
    Service fee revenue as a percent of average demand deposits (1)     0.54 %   0.58 %   0.53 %   0.56 %   0.56 %
    Noninterest income as a percent of gross revenue     9.98 %   9.26 %   6.40 %   9.20 %   9.81 %
    Efficiency ratio (2)     63.00 %   72.88 %   67.59 %   68.43 %   72.52 %
    Noninterest expenses to average assets (1)     2.22 %   2.49 %   2.15 %   2.24 %   2.35 %
    Average stockholders’ equity less accumulated other comprehensive income (loss) to average assets     9.31 %   9.22 %   9.08 %   9.06 %   9.03 %
    Tangible equity to tangible assets (4)     7.95 %   8.05 %   7.76 %   7.85 %   7.32 %
                 
    Stock price information:            
                 
    High   $ 25.70   $ 26.50   $ 27.90   $ 25.00   $ 21.40  
    Low   $ 23.65   $ 25.60   $ 25.00   $ 20.30   $ 19.75  
    Last trade value at quarter-end   $ 23.89   $ 25.70   $ 26.50   $ 25.00   $ 20.40  
                 
    (1) Annualized
    (2) The yield on federally tax-exempt loans and securities is computed on a tax-equivalent basis using a federal tax rate of 21%.
    (3) Due to rounding, cumulative quarterly per share performance may not equal annual per share totals.
    (4) Tangible stockholders’ equity excludes goodwill and core deposit intangibles.
    PSB Holdings, Inc.
    Consolidated Statements of Comprehensive Income
                 
        Quarter Ended
        Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
    (dollars in thousands – unaudited)     2025     2025     2024     2024     2024  
                 
    Net income   $ 3,766   $ 2,562   $ 3,127   $ 2,988   $ 2,446  
                 
    Other comprehensive income, net of tax:            
                 
    Unrealized gain (loss) on securities available for sale     972     2,551     (3,955 )   4,738     184  
                 
    Reclassification adjustment for security loss included in net income         1     404          
                 
    Accretion of unrealized loss included in net income on securities available for sale deferred tax adjustment for Wisconsin Act 19     (35 )       (76 )        
                 
    Amortization of unrealized loss included in net income on securities available for sale transferred to securities held to maturity     91     89     90     90     89  
                 
    Unrealized gain (loss) on interest rate swap     (87 )   (6 )   65     (101 )   39  
                 
    Reclassification adjustment of interest rate swap settlements included in earnings     (13 )   (13 )   (27 )   (38 )   (40 )
                 
                 
    Other comprehensive income (loss)     928     2,622     (3,499 )   4,689     272  
                 
    Comprehensive income (loss)   $ 4,694   $ 5,184   $ (372 ) $ 7,677   $ 2,718  
    PSB Holdings, Inc.            
    Nonperforming Assets as of:            
                 
        Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
                 
    Nonaccrual loans (excluding restructured loans)   $ 15,333   $ 12,404   $ 10,109   $ 10,116   $ 12,184  
    Nonaccrual restructured loans     13     17     18     25     28  
    Restructured loans not on nonaccrual     295     280     286     292     299  
    Accruing loans past due 90 days or more                      
                 
    Total nonperforming loans     15,641     12,701     10,413     10,433     12,511  
    Other real estate owned         300              
                 
    Total nonperforming assets   $ 15,641   $ 13,001   $ 10,413   $ 10,433   $ 12,511  
                 
    Nonperforming loans as a % of gross loans receivable     1.39 %   1.15 %   0.95 %   0.97 %   1.15 %
    Total nonperforming assets as a % of total assets     1.04 %   0.89 %   0.71 %   0.71 %   0.84 %
    Allowance for credit losses as a % of nonperforming loans     80.26 %   97.57 %   118.52 %   120.75 %   100.69 %
    PSB Holdings, Inc.
    Nonperforming Assets >= $500,000 net book value before specific reserves
    At June 30, 2025
             
    (dollars in thousands)        
          Gross Specific
    Collateral Description   Asset Type Principal Reserves
             
    Real estate – Recreational facility   Nonaccrual   3,940     145  
    Real estate – Equipment dealership   Nonaccrual   2,708     560  
    Real estate – Non owner occupied rental properties   Nonaccrual   4,227     0  
    Real estate – Wood products   Nonaccrual   1,707     271  
             
             
    Total listed nonperforming assets     $ 12,582   $ 976  
    Total bank wide nonperforming assets     $ 15,641   $ 1,180  
    Listed assets as a % of total nonperforming assets       80 %   83 %
    PSB Holdings, Inc.            
    Loan Composition by Collateral Type            
                 
    Quarter-ended (dollars in thousands)   Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024
                 
    Commercial:            
    Commercial and industrial   $ 135,313   $ 124,074   $ 116,864   $ 115,234   $ 125,508  
    Agriculture     13,219     11,632     11,568     11,203     11,480  
    Municipal     12,805     12,878     15,733     12,596     11,190  
                 
    Total Commercial     161,337     148,584     144,165     139,033     148,178  
                 
    Commercial Real Estate:            
    Commercial real estate     566,526     562,901     551,641     541,577     544,171  
    Construction and development     77,905     87,080     79,377     60,952     70,540  
                 
    Total Commercial Real Estate     644,431     649,981     631,018     602,529     614,711  
                 
    Residential real estate:            
    Residential     266,203     268,490     271,643     269,954     270,944  
    Construction and development     31,439     26,884     28,959     34,655     36,129  
    HELOC     39,425     38,364     36,887     36,734     33,838  
                 
    Total Residential Real Estate     337,067     333,738     337,489     341,343     340,911  
                 
    Consumer installment     4,886     4,683     5,060     4,770     4,423  
                 
    Subtotals – Gross loans     1,147,721     1,136,986     1,117,732     1,087,675     1,108,223  
    Loans in process of disbursement     (26,496 )   (28,752 )   (27,791 )   (17,836 )   (21,484 )
                 
    Subtotals – Disbursed loans     1,121,225     1,108,234     1,089,941     1,069,839     1,086,739  
    Net deferred loan costs     624     580     605     733     702  
    Allowance for credit losses     (12,553 )   (12,392 )   (12,342 )   (12,598 )   (12,597 )
                 
    Total loans receivable   $ 1,109,296   $ 1,096,422   $ 1,078,204   $ 1,057,974   $ 1,074,844  
    PSB Holdings, Inc.
    Selected Commercial Real Estate Loans by Purpose
     
        Jun 30, Mar 31, Dec 31, Sept 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
                           
        Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1) Total Exposure % of Portfolio (1)
    Multi Family   $ 145,523   14.0 % $ 143,674   13.9 % $ 140,087   14.0 % $ 140,307   14.7 % $ 146,873   15.2 %
    Industrial and Warehousing     105,256   10.2     109,366   10.6     103,794   10.4     96,995   10.2     96,286   9.6  
    Retail     29,407   2.8     29,285   2.8     23,438   2.3     25,263   2.7     26,154   2.7  
    Hotels     25,299   2.4     25,719   2.5     25,892   2.6     26,057   2.7     29,035   3.0  
    Office     7,131   0.7     7,254   0.7     6,234   0.6     6,378   0.7     6,518   0.7  
                           
    (1) Percentage of commercial and commercial real estate portfolio and commitments.
    PSB Holdings, Inc.
    Deposit Composition
                           
    Insured and Collateralized Deposits   June 30, March 31, December 31, September 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
        $ % $ % $ % $ % $ %
                           
    Non-interest bearing demand   $ 225,916   19.2 % $ 206,562   18.3 % $ 204,167   17.8 % $ 210,534   18.5 % $ 202,343   17.5 %
    Interest-bearing demand and savings     304,779   25.9 %   314,957   27.9 %   315,900   27.6 %   305,631   26.8 %   304,392   26.5 %
    Money market deposits     113,161   9.6 %   118,047   10.4 %   141,024   12.3 %   138,376   12.2 %   137,637   12.0 %
    Retail and local time deposits <= $250     165,368   14.0 %   158,066   14.0 %   155,099   13.5 %   155,988   13.7 %   149,298   13.0 %
                           
    Total core deposits     809,224   68.7 %   797,632   70.6 %   816,190   71.2 %   810,529   71.2 %   793,670   69.0 %
    Retail and local time deposits > $250     28,000   2.4 %   26,750   2.3 %   25,500   2.2 %   23,500   2.1 %   22,500   2.0 %
    Broker & national time deposits <= $250     748   0.1 %   1,241   0.1 %   1,241   0.1 %   1,241   0.1 %   1,490   0.1 %
    Broker & national time deposits > $250     65,917   5.6 %   79,090   7.0 %   56,164   4.9 %   56,164   4.9 %   56,328   4.9 %
                           
    Totals   $ 903,889   76.8 % $ 904,713   80.0 % $ 899,095   78.4 % $ 891,434   78.3 % $ 873,988   76.0 %
                           
                           
    PSB Holdings, Inc.                      
    Deposit Composition                      
                           
    Uninsured Deposits   June 30, March 31, December 31, September 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
        $ % $ % $ % $ % $ %
                           
    Non-interest bearing demand   $ 51,323   4.4 % $ 39,110   3.5 % $ 55,348   4.8 % $ 54,544   4.8 % $ 48,092   4.1 %
    Interest-bearing demand and savings     17,983   1.5 %   17,262   1.5 %   20,934   1.8 %   18,317   1.6 %   32,674   2.8 %
    Money market deposits     157,998   13.4 %   150,222   13.3 %   153,334   13.4 %   157,489   13.8 %   177,954   15.4 %
    Retail and local time deposits <= $250       0.0 %     0.0 %     0.0 %     0.0 %     0.0 %
                           
    Total core deposits     227,304   19.3 %   206,594   18.3 %   229,616   20.0 %   230,350   20.2 %   258,720   22.3 %
    Retail and local time deposits > $250     46,349   3.9 %   18,729   1.7 %   18,638   1.6 %   17,329   1.5 %   19,613   1.7 %
    Broker & national time deposits <= $250       0.0 %     0.0 %     0.0 %     0.0 %     0.0 %
    Broker & national time deposits > $250       0.0 %     0.0 %     0.0 %     0.0 %     0.0 %
                           
    Totals   $ 273,653   23.2 % $ 225,323   20.0 % $ 248,254   21.6 % $ 247,679   21.7 % $ 278,333   24.0 %
                           
                           
    PSB Holdings, Inc.                      
    Deposit Composition                      
                           
    Total Deposits   June 30, March 31, December 31, September 30, June 30,
    (dollars in thousands)     2025     2025     2024     2024     2024  
        $ % $ % $ % $ % $ %
                           
    Non-interest bearing demand   $ 277,239   23.6 % $ 245,672   21.7 % $ 259,515   22.6 % $ 265,078   23.3 % $ 250,435   21.6 %
    Interest-bearing demand and savings     322,762   27.4 %   332,219   29.4 %   336,834   29.4 %   323,948   28.4 %   337,066   29.3 %
    Money market deposits     271,159   23.0 %   268,269   23.7 %   294,358   25.7 %   295,865   26.0 %   315,591   27.4 %
    Retail and local time deposits <= $250     165,368   14.0 %   158,066   14.1 %   155,099   13.5 %   155,988   13.7 %   149,298   13.0 %
                           
    Total core deposits     1,036,528   88.0 %   1,004,226   88.9 %   1,045,806   91.2 %   1,040,879   91.4 %   1,052,390   91.3 %
    Retail and local time deposits > $250     74,349   6.3 %   45,479   4.0 %   44,138   3.8 %   40,829   3.6 %   42,113   3.7 %
    Broker & national time deposits <= $250     748   0.1 %   1,241   0.1 %   1,241   0.1 %   1,241   0.1 %   1,490   0.1 %
    Broker & national time deposits > $250     65,917   5.6 %   79,090   7.0 %   56,164   4.9 %   56,164   4.9 %   56,328   4.9 %
                           
    Totals   $ 1,177,542   100.0 % $ 1,130,036   100.0 % $ 1,147,349   100.0 % $ 1,139,113   100.0 % $ 1,152,321   100.0 %
    PSB Holdings, Inc.
    Average Balances ($000) and Interest Rates
    (dollars in thousands)
                             
        Quarter ended June 30, 2025   Quarter ended March 31, 2025   Quarter ended June 30, 2024
        Average   Yield /   Average   Yield /   Average   Yield /
        Balance Interest Rate   Balance Interest Rate   Balance Interest Rate
    Assets                        
    Interest-earning assets:                        
    Loans (1)(2)   $ 1,123,460   $ 16,558   5.91 %   $ 1,103,895   $ 15,830   5.82 %   $ 1,100,518   $ 15,520   5.67 %
    Taxable securities     193,926     1,566   3.24 %     198,426     1,641   3.35 %     172,563     1,295   3.02 %
    Tax-exempt securities (2)     76,774     641   3.35 %     79,282     654   3.35 %     79,564     659   3.33 %
    FHLB stock     9,189     166   7.25 %     8,825     241   11.08 %     7,931     182   9.23 %
    Other     14,571     166   4.57 %     8,960     104   4.71 %     8,241     83   4.05 %
                             
    Total (2)     1,417,920     19,097   5.40 %     1,399,388     18,470   5.35 %     1,368,817     17,739   5.21 %
                             
    Non-interest-earning assets:                            
    Cash and due from banks     15,498           16,292           17,345      
    Premises and equipment, net     13,527           13,728           13,930      
    Cash surrender value ins     24,960           24,795           24,297      
    Other assets     21,402           21,021           21,865      
    Allowance for credit losses     (12,456 )         (12,362 )         (12,505 )    
                             
    Total   $ 1,480,851     $ 1,462,862     $ 1,433,749  
                             
    Liabilities & stockholders’ equity                            
    Interest-bearing liabilities:                            
    Savings and demand deposits   $ 315,978   $ 1,450   1.84 %   $ 339,909   $ 1,567   1.87 %   $ 331,740   $ 1,467   1.78 %
    Money market deposits     262,015     1,572   2.41 %     280,396     1,685   2.44 %     271,336     1,835   2.72 %
    Time deposits     294,750     2,912   3.96 %     268,821     2,632   3.97 %     257,006     2,536   3.97 %
    FHLB borrowings     173,080     1,899   4.40 %     164,968     1,792   4.41 %     174,596     1,860   4.28 %
    Other borrowings     8,843     48   2.18 %     6,321     47   3.02 %     6,870     58   3.40 %
    Senior sub notes     4,784     58   4.86 %     4,782     59   5.00 %     4,777     58   4.88 %
    Junior sub. debentures     13,062     250   7.68 %     13,036     248   7.72 %     12,960     255   7.91 %
                             
    Total     1,072,512     8,189   3.06 %     1,078,233     8,030   3.02 %     1,059,285     8,069   3.06 %
                             
    Non-interest-bearing liabilities:                            
    Demand deposits     269,536           251,271           251,158      
    Other liabilities     15,726           14,782           12,580      
    Stockholders’ equity     123,077           118,576           110,726      
                             
    Total   $ 1,480,851     $ 1,462,862     $ 1,433,749  
                             
    Net interest income     $ 10,908         $ 10,440         $ 9,670    
    Rate spread       2.34 %       2.33 %       2.15 %
    Net yield on interest-earning assets           3.09 %       3.03 %       2.84 %
                             
    (1) Nonaccrual loans are included in the daily average loan balances outstanding.
    (2) The yield on federally tax-exempt loans and securities is computed on a tax-equivalent basis using a federal tax rate of 21%.
    PSB Holdings, Inc.
    Average Balances ($000) and Interest Rates
    (dollars in thousands)
     
        Six months ended June 30, 2025   Six months ended June 30, 2024
        Average   Yield/   Average   Yield/
        Balance Interest Rate   Balance Interest Rate
    Assets                
    Interest-earning assets:                
    Loans (1)(2)   $ 1,113,731   $ 32,388   5.86 %   $ 1,097,419   $ 30,719   5.63 %
    Taxable securities     196,162     3,207   3.30 %     172,176     2,492   2.91 %
    Tax-exempt securities (2)     78,021     1,295   3.35 %     79,999     1,325   3.33 %
    FHLB stock     9,008     407   9.11 %     7,215     347   9.67 %
    Other     11,790     270   4.62 %     10,562     261   4.97 %
                     
    Total (2)     1,408,712     37,567   5.38 %     1,367,371     35,144   5.17 %
                     
    Non-interest-earning assets:                
    Cash and due from banks     15,893           17,356      
    Premises and equipment, net     13,627           13,557      
    Cash surrender value ins     24,878           24,221      
    Other assets     21,215           21,534      
    Allowance for credit losses     (12,409 )         (12,445 )    
                     
    Total   $ 1,471,916     $ 1,431,594  
                     
    Liabilities & stockholders’ equity Interest-bearing liabilities:                
    Savings and demand deposits   $ 327,878   $ 3,017   1.86 %   $ 341,119   $ 3,139   1.85 %
    Money market deposits     270,785     3,257   2.43 %     272,591     3,732   2.75 %
    Time deposits     281,857     5,544   3.97 %     260,832     5,049   3.89 %
    FHLB borrowings     169,046     3,691   4.40 %     158,761     3,310   4.19 %
    Other borrowings     7,589     95   2.52 %     7,712     118   3.08 %
    Senior sub. notes     4,783     117   4.93 %     4,776     117   4.93 %
    Junior sub. debentures     13,049     498   7.70 %     12,947     506   7.86 %
                     
    Total     1,074,987     16,219   3.04 %     1,058,738     15,971   3.03 %
                     
    Non-interest-bearing liabilities:                    
    Demand deposits     260,522           249,909      
    Other liabilities     15,492           12,881      
    Stockholders’ equity     120,915           110,066      
                     
    Total   $ 1,471,916     $ 1,431,594  
                     
    Net interest income     $ 21,348         $ 19,173    
    Rate spread       2.34 %       2.14 %
    Net yield on interest-earning assets   3.06 %       2.82 %
                     
    (1) Nonaccrual loans are included in the daily average loan balances outstanding.
    (2) The yield on federally tax-exempt loans and securities is computed on a tax-equivalent basis using a federal tax rate of 21%.

    Investor Relations Contact
    PSB Holdings, Inc.
    1905 Stewart Avenue
    Wausau, WI 54401
    888.929.9902
    InvestorRelations@bankpeoples.com

    The MIL Network

  • MIL-OSI: Applied Rating Index Q2 2025 Results Released

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON, July 22, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the second quarter of 2025 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q2 2025, average premiums for both Personal Auto lines and Personal Property lines increased year over year. Quarter over quarter, premium rate change increased for Personal Auto and for Personal Property compared to Q2 2024.

    For Personal Auto, all provinces experienced an increase year over year, with Ontario seeing the highest at 18.5% and Alberta the lowest at 10.6%. For Personal Property lines, all provinces experienced an increase in premium rate change year over year. Quebec saw the highest premium rate change at 10.1% and British Columbia experienced the lowest at 1.0%

    Key findings for Q2 2025 include:

    • Personal Auto: In Q2 2025, Personal Auto premium rate change increased 14.9% versus Q2 2024. Personal Auto premium rate change increased 3.3% versus Q1 2025.
    • Personal Property: In Q2 2025, Personal Property premium rate change increased 6.9% versus Q2 2024. Personal Property premium rate change increased 3.4% versus Q1 2025.
    • Provinces: Across Personal Auto, all provinces experienced increased premium rate change year over year with Alberta, Ontario, Quebec and the Atlantic Provinces seeing 10.6%, 18.5%, 13.7% and 15.7% respectively. Relative to Q1 2025, all provinces saw increases in premium rate change quarter over quarter with Alberta, Ontario, Quebec and the Atlantic Provinces at, 3.0%, 4.4%, 1.2% and 2.7% respectively.

    Personal Property lines experienced increased year over year premium rate change across all provinces. Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba saw increases in premium rate change year over year with 9.5%, 1.0%, 5.0%, 10.1%, 7.1% and 9.4% respectively. Relative to Q1 2025, Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba all saw increases quarter over quarter of 5.9%, 1.7%, 1.8%, 1.3%, 3.0% and 3.9%.

    “It is evident that rising auto premiums are not just a short-term fluctuation but a trend across the country,” said Steve Whitelaw, SVP and general manager, Applied Systems Canada. “We also see that the Homeowners rates are under similar upward pressure.  The Applied Rating Index will continue to monitor rates across both personal auto and property lines, serving as a reliable measure of overall market activity.”

    The Applied Rating Index is a data-driven report of current conditions and trends for Personal Auto and Personal Property (Homeowners) insurance premium rates. Analyzing quotes completed, the Applied Rating Index measures the increase or decrease in average premium rate trends across Canada. The Applied Rating Index is the most complete depiction of the premium rate trends being experienced by consumers, brokerages, and their insurers across the Canadian market.

    Access the complete quarterly report here.

    # # #

    Applied Rating Index is a trademark of Applied Systems, Inc. All data is fully anonymized when aggregating and analyzing the Applied Rating Index.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network

  • MIL-OSI: Applied Rating Index Q2 2025 Results Released

    Source: GlobeNewswire (MIL-OSI)

    Toronto, ON, July 22, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the second quarter of 2025 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q2 2025, average premiums for both Personal Auto lines and Personal Property lines increased year over year. Quarter over quarter, premium rate change increased for Personal Auto and for Personal Property compared to Q2 2024.

    For Personal Auto, all provinces experienced an increase year over year, with Ontario seeing the highest at 18.5% and Alberta the lowest at 10.6%. For Personal Property lines, all provinces experienced an increase in premium rate change year over year. Quebec saw the highest premium rate change at 10.1% and British Columbia experienced the lowest at 1.0%

    Key findings for Q2 2025 include:

    • Personal Auto: In Q2 2025, Personal Auto premium rate change increased 14.9% versus Q2 2024. Personal Auto premium rate change increased 3.3% versus Q1 2025.
    • Personal Property: In Q2 2025, Personal Property premium rate change increased 6.9% versus Q2 2024. Personal Property premium rate change increased 3.4% versus Q1 2025.
    • Provinces: Across Personal Auto, all provinces experienced increased premium rate change year over year with Alberta, Ontario, Quebec and the Atlantic Provinces seeing 10.6%, 18.5%, 13.7% and 15.7% respectively. Relative to Q1 2025, all provinces saw increases in premium rate change quarter over quarter with Alberta, Ontario, Quebec and the Atlantic Provinces at, 3.0%, 4.4%, 1.2% and 2.7% respectively.

    Personal Property lines experienced increased year over year premium rate change across all provinces. Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba saw increases in premium rate change year over year with 9.5%, 1.0%, 5.0%, 10.1%, 7.1% and 9.4% respectively. Relative to Q1 2025, Alberta, British Columbia, Ontario, Quebec, the Atlantic Provinces and Saskatchewan & Manitoba all saw increases quarter over quarter of 5.9%, 1.7%, 1.8%, 1.3%, 3.0% and 3.9%.

    “It is evident that rising auto premiums are not just a short-term fluctuation but a trend across the country,” said Steve Whitelaw, SVP and general manager, Applied Systems Canada. “We also see that the Homeowners rates are under similar upward pressure.  The Applied Rating Index will continue to monitor rates across both personal auto and property lines, serving as a reliable measure of overall market activity.”

    The Applied Rating Index is a data-driven report of current conditions and trends for Personal Auto and Personal Property (Homeowners) insurance premium rates. Analyzing quotes completed, the Applied Rating Index measures the increase or decrease in average premium rate trends across Canada. The Applied Rating Index is the most complete depiction of the premium rate trends being experienced by consumers, brokerages, and their insurers across the Canadian market.

    Access the complete quarterly report here.

    # # #

    Applied Rating Index is a trademark of Applied Systems, Inc. All data is fully anonymized when aggregating and analyzing the Applied Rating Index.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network

  • MIL-OSI: Varonis Heads to Black Hat USA 2025, DEF CON, and BSides

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 22, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) is heading to Las Vegas this August for the cybersecurity world’s summer camp — Black Hat USA 2025, DEF CON, and BSides. Varonis will be on the ground sharing insights from our elite Varonis Threat Labs team, showcasing how to secure data from threats across multi-cloud environments, and connecting with the community that’s shaping the future of cyber defense.

    Varonis Highlights at Black Hat USA 2025:

    Meet Varonis at booth #2751. Varonis proudly returns to Black Hat USA 2025 as a Platinum Plus Sponsor and Sustaining Partner. Learn how Varonis’ cloud-native Data Security Platform enables organizations to reduce risk to data in the age of AI. Hear how Varonis identifies and mitigates threats across IaaS and SaaS, safeguards sensitive data, and supports customers with Managed Data Detection and Response, the industry’s only service dedicated to preventing attacks on data.

    Play the first Snowflake GOAT. Can you trace the attacker’s steps and stop a breach from becoming a data avalanche? Check out our capture-the-flag challenge online and at our booth for your chance to top the leaderboard and pick up the coolest swag at Black Hat!

    Play today: https://www.varonis.com/frostbyte

    Expert Session — Navigating the Identity Crisis: Why Authentication Keeps Failing.  Join Varonis’ Mark Vaitsman to explore how attackers continue to compromise authentication and steal identities. Learn how to recognize the signs of post-authentication compromise, identify detection and response gaps, and harden security beyond MFA.

    Date: Wednesday, August 6 at 10:50 a.m.
    Location: Business Hall Theater D

    Varonis Highlights at BSides Las Vegas:

    Expert Session — Rusty Pearls: Postgres RCE on Cloud Databases. Join Varonis Threat Labs experts as they unpack a critical Remote Code Execution vulnerability affecting cloud-hosted databases. Learn how they discovered this flaw and transformed it into a powerful exploit. They’ll share detection strategies, defense techniques, and more.

    Date: Tuesday, August 5 at 10:30 a.m.
    Location: Florentine A

    Varonis Highlights at DEF CON Las Vegas:

    Workshop — SnowGoat: Exposing Hidden Security Risks and Leaking Data Like a Threat Actor. Join senior security researchers Lior Adar and Chen Levy Ben Aroy for an interactive workshop on identifying hidden configuration risks in Snowflake. This intermediate session offers hands-on experience with vulnerable and misconfigured environments.

    Date: Friday, August 8 at 9:00 a.m.
    Location: Las Vegas Convention Center – L2 – Workshops

    Expert Session — Rusty Pearls: Postgres RCE on Cloud Databases. Join Varonis Threat Labs experts as they unpack a critical Remote Code Execution vulnerability affecting cloud-hosted databases. Learn how they discovered this flaw and transformed it into a powerful exploit. They’ll share detection strategies, defense techniques, and more.

    Date: Friday, August 8 at 5:30 p.m.
    Location: Las Vegas Convention Center – L1 – EHW3 – Track 1

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network

  • MIL-OSI: Enjoy BTC and DOGE income every day! Siton Mining opens a new era of zero-threshold cloud mining

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 22, 2025 (GLOBE NEWSWIRE) — With the passage of the GENIUS Act, crypto assets are accelerating their integration into the global financial system. Mainstream currencies such as BTC, ETH, DOGE, and XRP have become the core assets of decentralized finance. However, traditional mining still daunts many ordinary users due to high equipment investment, technical barriers, and energy consumption costs.

    Siton Mining is rewriting this landscape. As the world’s leading compliant cloud mining platform, Siton Mining has officially launched a new mobile app to bring a truly “zero threshold mining” experience to global users. Users can access Siton Mining’s global green mining network with just one click on their smartphones, and easily start the road to passive income from crypto assets.

    Start your mining journey easily:
    1Visit sitonmining.com, register an account, and immediately receive a $10-$100 random reward for new users
    2Choose a suitable cloud computing power contract and customize your investment strategy
    3After the contract is activated, the system automatically starts mining, and the income is credited daily
    4Supports more than 9 cryptocurrency settlements: including USDT (TRC20/ERC20), BTC, ETH, XRP, DOGE, LTC, BCH, BNB, SOL, USDC, etc.
    5Withdraw at any time when you reach $100, or choose to reinvest to continuously amplify your income
    Denominated in US dollars to avoid market volatility risks
    All contracts are priced in US dollars. The system automatically converts the BTC, ETH, DOGE and other currencies invested by users according to the real-time exchange rate to help users lock in value and significantly reduce potential losses caused by currency price fluctuations.

    Why choose Siton Mining?
    Siton Mining is the world’s leading green cloud computing platform, creating stable income for more than 9 million users. Its core advantages include:

    Global green mines, creating a sustainable mining model
    Siton Mining has deployed green energy mines in Northern Europe, Canada, Russia and other places, all of which are driven by renewable energy such as hydropower and wind power to ensure high energy consumption ratio and promote the standardized development of environmentally friendly mining.

    Military-grade security protection to ensure worry-free assets
    The platform’s EV SSL encryption technology protects user accounts and data assets around the clock. At the same time, it uses an AI intelligent risk control system to monitor potential risk behaviors in real time and comprehensively prevent hacker attacks and abnormal operations.

    The future of digital assets starts with Siton Mining
    In the current uncertain global economic environment, Siton Mining provides users with a stable, secure and sustainable channel for the appreciation of encrypted assets. Whether you are a digital currency novice or a senior investor, you can start the road to stable passive income with just a mobile phone.

    Join Siton Mining now and let your mobile phone become your digital wealth portal!
    Official website: https://sitonmining.com
    Email: info@sitonmining.com

    Attachment

    The MIL Network

  • MIL-OSI Analysis: Imaginary athletes: Creating make-believe teammates, competitors and coaches during play

    Source: The Conversation – USA – By Tracy Gleason, Professor of Psychology, Wellesley College

    What would an imaginary companion add to a child’s solo practice? Elkhophoto/iStock via Getty Images Plus

    The coach, the specialized equipment, the carefully tailored exercise regimen – they’re all key to athletic performance. But imagination might be an unexpected asset when it comes to playing sports.

    The idea that athletic achievement depends on the mind isn’t new. Sport psychologists have known for years that working with an athlete on their mental game – visualizing the skill, kinesthetically feeling the swing – has a positive impact on actual performance. But these mental simulations draw only upon mental imagery – seeing and feeling the physical goals in the mind’s eye. Imagination offers a much wider range of possibilities.

    What if your game could be helped by an imaginary friend?

    In a recent retrospective study of college students, we discovered that imagination comes in handy in athletics in ways that are surprisingly social. The creation of what we termed imaginary athletes – a person or being that a child imagined in the context of athletics – enabled and motivated athletic play, especially for children between the ages of about 6 and 12. Imaginary athletes also provided companionship during athletic play.

    An imaginary teammate or competitor might help improve a child’s game.
    NoSystem images/E+ via Getty Images

    Remembering childhood imaginary athletes

    The most basic form of an imaginary athlete might be a wall, fence or even tree that makes a good opponent in a pinch. For a child or adolescent practicing a sport alone, a surface that provides a ball return or a steady target for a throw gives opportunities for practice usually requiring other players.

    Is it any wonder, then, if the branches of the tree start to resemble a wide receiver’s arms, or an invisible goalie emerges in front of the fence? Solitary play might be a lot more fun if a make-believe teammate could provide an assist, or an invisible coach could appear and shout instructions during practice.

    The college students in our study reported that such support, even if imaginary, made them play a little longer or try a little harder as kids.

    About 41% of our sample of 225 college students reported creating at least one imaginary athlete at some point in middle childhood or early adolescence. Most, but not all, of these beings fell into three categories based on their characteristics.

    The first we called placeholders, such as ghost runners. They are typically generic, amorphous, imaginary teammates created by groups of children when not enough real players are available.

    The second type functioned as what we named athletic tools. They helped kids focus on their performance and improve their skills, usually by providing a worthy competitor, sometimes based on an admired professional athlete. The skills of athletic tools were often just above those of the child, drawing out the desire to be better, stronger, faster.

    Social relationships, our name for the third kind of imaginary athlete, primarily served emotional functions, relieving loneliness and providing the child or adolescent with a sense of belonging, safety or companionship as they engaged in their sport.

    Students who remembered imaginary athletes differed from their peers in two ways. First, more men than women reported creating these imaginary beings, possibly owing to the greater investment in and importance of athletics among boys versus girls. Second, people with imaginary athletes scored higher than those without on a current-day measure of predilection for imagination, but they were not more likely to report having created a make-believe friend or animal as a child.

    Imagination is a valuable power

    Creating an imaginary other might seem like a quirky, perhaps even childish, addition to sports practice. But actually, this behavior is entirely logical. After all, imagination is the core of human thought. Without it, we couldn’t conceptualize anything outside of the present moment that wasn’t already stored in memory. No thinking about the future, no consideration of multiple outcomes to a decision, no counterfactuals, daydreams, fantasies or plans.

    Why wouldn’t people apply such a fundamental tool of day-to-day thought in athletic contexts? Participation in sports is common, especially among school-age kids, and many college students in our study described drawing upon their imaginations frequently when playing sports, especially when doing so in their free time.

    Imagination is a core part of being human – it’s not a surprise it comes out on the sports field.
    Erik Isakson/Tetra images via Getty Images

    The creation of imaginary athletes is also unsurprising because it’s one of myriad ways that imagination enhances people’s social worlds throughout their lives. Above all else, social relationships are what matter most to people, and using imagination in thinking about them is common. For instance, people imagine conversations with others, particularly those close to them, sometimes practicing the delivery of bad news or envisioning the response to a proposal of marriage.

    In early childhood, kids create imaginary companions who help them learn about friendship and other’s perspectives. And in adolescence, when people focus on developing their autonomy and their own identities, they create parasocial relationships that let them identify with favorite celebrities, characters and media figures. Even in older age, some widows and widowers imagine continued relationships with their deceased spouses. These “continuing bonds” are efforts to cope with loss through imaginary narratives that are fed by and extrapolate upon years of interactions.

    At each point in their developmental trajectory, people might recruit imagination to help them understand, manage, regulate and enjoy the social aspects of life. Imaginary athletes are merely one manifestation of this habit.

    Because so many children and adolescents spend a lot of time engaged in sports, athletics can be a major environment for working on the developmental tasks of growing up. As children learn about functioning as part of a group, forming, maintaining and losing friendships, and mastering a range of skills and abilities, imaginary athletes provide teammates, coaches and competitors tailored to the needs of the moment.

    Of course, an imaginary athlete is but one tool that children and adolescents might use to address developmental tasks such as mastering skills or negotiating peer relationships. Children who aren’t fantasy-prone might create complex training regimens to practice their skills, and they might manage their friendships by talking through problems with others.

    But some report that turning inward generated real athletic and social benefits. “I got confidence out of my [imaginary athletes],” reported one participant. “If I could imagine beating someone, and [winning], then I felt like I could do anything.”

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Imaginary athletes: Creating make-believe teammates, competitors and coaches during play – https://theconversation.com/imaginary-athletes-creating-make-believe-teammates-competitors-and-coaches-during-play-254879

    MIL OSI Analysis

  • MIL-OSI USA: Medical Procedure Kits Correction: Medline Industries, LP Issues Correction for Medline Craniotomy Kits Containing Codman Disposable Perforators Due to Risk for Device Disassembly

    Source: US Department of Health and Human Services – 3

    Craniotomy Kit
    DYNJ35349C
    10888277858060 (EA), 40888277858061 (CASE)
    24CBJ925, 24DBT405, 24FBO318

    CRANI Accessory Pack
    DYNJ59270
    10888277771512 (EA), 40888277771513 (CASE)
    23JDB683, 23JDC548, 24ADB783, 24HDA822

    CRANI PACK-LF
    DYNJ44805M
    10195327506872 (EA), 40195327506873 (CASE)
    23JBI747, 23KBL228, 24ABG696, 24CBM117, 24EBQ114, 24GBJ699

    CRANIOTOMY KIT
    CDS982719V
    10195327510831 (EA), 40195327510832 (CASE)
    23KBP461, 23LBN381, 24ABB119, 24BBC547, 24BBI145

    CRANIOTOMY KIT
    CDS982719W
    10195327645090 (EA), 40195327645091 (CASE)
    24DBS813

    CRANIOTOMY KIT
    DYNJ904168F
    10195327395728 (EA), 40195327395729 (CASE)
    24DBU188

    CRANIOTOMY KIT
    DYNJ908404B
    10195327410506 (EA), 40195327410507 (CASE)
    23IDB680, 23LDB546, 24BDB174, 24FDA741, 24FDB584, 24IDA225, 24IDA646, 24IDA840

    CRANIOTOMY KIT
    DYNJ908723A
    10195327403270 (EA), 40195327403271 (CASE)
    23IBO314, 23JBC218, 24ABK090

    CRANIOTOMY KIT
    DYNJ908723C
    10198459009785 (EA), 40198459009786 (CASE)
    24IBM205, 24IBN365, 25ABM356

    CRANIOTOMY #IMF 56646-LF
    DYNJVB91001A
    10195327466466 (EA), 40195327466467 (CASE)
    23JLA765, 24DLA724, 24DLB006, 24ELA325

    CRANIOTOMY CDS
    CDS981888X
    10195327144760 (EA), 40195327144761 (CASE)
    24ABT432, 24CBD698, 24HBH954, 24HBP483, 24IBG797, 25CBF098

    CRANIOTOMY CDS
    CDS983467I
    10195327457945 (EA), 40195327457946 (CASE)
    23KDA336

    CRANIOTOMY PACK-LF
    DYNJ09882G
    10195327574055 (EA), 40195327574056 (CASE)
    24CBF778

    CRANIOTOMY PACK-LF
    DYNJ09882I
    10198459058172 (EA), 40198459058173 (CASE)
    24HBN426

    CRANIOTOMY S NASSAU
    DYNJ905879G
    10195327512996 (EA), 40195327512997 (CASE)
    23KBI086, 23LBH647, 23LBH649, 24BBU253, 24DBV133, 24FBE409

    MHC CRANIOTOMY
    DYNJ903713K
    10195327201579 (EA), 40195327201570 (CASE)
    23JBK426

    MHC CRANIOTOMY
    DYNJ903713L
    10195327531218 (EA), 40195327531219 (CASE)
    23KBT939, 23LBS862, 24ABH577, 24CBH126, 24CBH771

    PAD CRANIOTOMY
    DYNJ902149J
    10195327554323 (EA), 40195327554324 (CASE)
    23KBP275, 24ABJ684, 24CBF216, 24DBI296, 24EBD959, 24FBF064, 24HBK164, 24IBN443

    CRANI ADD A PACK
    DYNJ30926O
    10195327539153 (EA), 40195327539154 (CASE)
    24AMF811

    CRANIOTOMY KIT
    CDS983611N
    10195327466626 (EA), 40195327466627 (CASE)
    23KBA720, 23LBI611, 23LBJ586

    CRANIOTOMY CDS
    CDS983467J
    10195327561116 (EA), 40195327561117 (CASE)
    24ADA818, 24ADC216, 24BDA929, 24DDB447, 24EDA275, 24EDA751, 24GDB213, 24IDA327, 24IDB043

    CRANIOTOMY PACK
    DYNJ85807A
    10195327637392 (EA), 40195327637393 (CASE)
    24CBB843, 24EBC889, 24GBY029

    CRANIOTOMY PACK
    DYNJ85927
    10195327575571 (EA), 40195327575572 (CASE)
    24BMD310, 24EMI836

    MAJOR CRANIOTOMY PACK
    DYNJ82007A
    10195327635466 (EA), 40195327635467 (CASE)
    24CMA496, 24HMI081, 24HMI978

    MIL OSI USA News

  • MIL-OSI: Draganfly Secures Strategic Military Order for Commander 3XL UAV Systems

    Source: GlobeNewswire (MIL-OSI)

    Tampa Bay, Florida, July 22, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions and systems developer, today announced the sale of Commander 3XL Unmanned Aerial Vehicle (UAV) systems to a globally recognized defense contractor specializing in persistent surveillance technologies for military operations.

    A trusted partner to U.S. and allied defense forces for decades, the client is one of the world’s leading providers of persistent surveillance platforms. Its systems are deployed across key Department of Defense (DoD) and allied installations, delivering reliable, persistent intelligence, surveillance, and reconnaissance (ISR) capabilities.

    The Commander 3XL’s modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs. The systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside and integrated with persistent platforms and ground-based command centers.

    “This sale marks a significant milestone for Draganfly as we expand our presence in the defense sector,” said Cameron Chell, CEO of Draganfly. “We are honored that the Commander 3XL has been chosen for integration into one of the world’s most advanced and enduring persistent surveillance platforms. This integration enhances capabilities for military and border surveillance systems, providing greater reach and effectiveness.”

    This purchase further underscores the Commander 3XL’s versatility in both static and dynamic ISR environments, enabling defense clients to adapt swiftly to evolving threat landscapes.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a leader in cutting-edge drone solutions and software that are transforming industries and serving stakeholders globally. Recognized for innovation and excellence for over 25 years, Draganfly delivers award-winning technology to the public safety, agriculture, industrial inspection, security, mapping, and surveying markets. The Company is driven by passion, ingenuity, and a mission to provide efficient solutions and first-class services to customers worldwide, saving time, money, and lives.

    NASDAQ (DPRO)
    CSE (DPRO)
    FSE (3U8)

    Media Contact:
    Erika Racicot
    Email: media@draganfly.com

    Company Contact
    Cameron Chell
    Chief Executive Officer
    (306) 955-9907
    info@draganfly.com

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to the Commander 3XL’s modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs as well as that the systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside persistent platforms and ground-based command centers. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.

    The MIL Network

  • MIL-OSI: Bitfarms Announces Corporate Share Buyback Program

    Source: GlobeNewswire (MIL-OSI)

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario, July 22, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global energy and compute infrastructure company, today announced that the Board of Directors has approved effective immediately the commencement of a corporate share buyback program. Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to establish a normal course issuer bid program (the “Program”).

    Under the Program, the Company is authorized to purchase up to 49,943,031 of its common shares (out of the 557,548,857 common shares outstanding as at July 14, 2025) representing up to 10% of the Company’s public float of 499,430,313 common shares, during the period starting on July 28, 2025 and ending on July 27, 2026.

    CEO Ben Gagnon stated, “We believe that Bitfarms’ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential. This Program demonstrates our confidence in Bitfarms’ business, our management team, and most importantly our high-performance computing data center growth strategy. We strongly believe our unique and highly desirable energy portfolio in Pennsylvania will drive long-term, sustainable growth that is financeable and enables management to leverage its balance sheet strength to drive shareholder value with this buyback program while simultaneously pursuing growth opportunities in HPC/AI to best capitalize on our substantial US energy pipeline.”

    The timing, price and volume of repurchases will depend on a variety of factors including corporate liquidity requirements and priorities, as well as general market conditions, the share price, regulatory requirements and limitations, and other factors.

    Bitfarms may purchase shares, from time to time, through the facilities of the TSX and/or the Nasdaq Stock Market (the “Nasdaq”), or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law. Daily repurchases on the TSX will be limited to a maximum of 494,918 common shares, representing 25% of the average daily trading volume for the six months ended June 30, 2025 (being 1,979,673 common shares), except where purchases are made in accordance with the “block purchase exception” of the TSX rules. Purchases of common shares through the Nasdaq will be made in the normal course and will not, during the twelve-month period ending July 27, 2026 exceed, in the aggregate, 5% of the outstanding common shares as at the commencement of the Program. All shares purchased by the Company under the Program will be cancelled.

    Purchases will be made by the Company in accordance with the requirements of the TSX and/or the Nasdaq and the price which the Company will pay for any such common shares will be the market price of any such common shares at the time of acquisition, or such other price as may be permitted by the TSX and/or the Nasdaq.

    In connection with the Program, the Company has entered into an automatic repurchase arrangement with its designated broker to allow for purchases of its common shares during certain pre-determined blackout periods, based on Company instructions provided when not in blackout. Outside of these pre-determined blackout periods, any repurchases of common shares will be in accordance with management’s discretion, subject to applicable law. Although the Company has a present intention to acquire its common shares pursuant to the Program, the Company will not be obligated to make any purchases under said Program.

    About Bitfarms Ltd.
    Founded in 2017, Bitfarms is a North American energy and compute infrastructure company that develops, owns, and operates vertically integrated data centers. Bitfarms currently operates 15 data centers situated in four countries, which currently mine Bitcoin: the United States, Canada, Argentina and Paraguay.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    http://x.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Forward-Looking Statements
    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding potential purchases under the Program, growth opportunities and prospects for the Company, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; an inability to satisfy the Panther Creek location related milestones which are conditions to loan drawdowns under the Macquarie Group financing facility; an inability to deploy the proceeds of the Macquarie Group financing facility to generate positive returns at the Panther Creek location; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; the risks of debt leverage and the ability to service and eventually repay the Macquarie Group financing facility; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; risks relating to lawsuits and other legal proceedings and challenges; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC“) at www.sec.gov), including the Company’s annual information form for the year ended December 31, 2024, management’s discussion & analysis for the year-ended December 31, 2024 and the management’s discussion and analysis for the three months ended March 31, 2025. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contact:
    Laine Yonker
    lyonker@bitfarms.com

    Media Contact:
    Caroline Brady Baker
    cbaker@bitfarms.com

    The MIL Network

  • MIL-OSI: Gilat Awarded Approximately $60 Million to Provide Digital Inclusion Solutions in Peru

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, July 22, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Peruvian subsidiary, Gilat Perú, has been awarded approximately $60 million in orders from Pronatel (Programa Nacional de Telecomunicaciones), Peru’s national telecommunications program. The orders are for upgrading the Regional Broadband infrastructure across the regions of Apurímac, Huancavelica and Ayacucho. Migration is expected to take place over the next 12 months and the service will be delivered over 4 years.

    This major infrastructure modernization will bring high-speed internet of 200 Mbps directly to nearly 800 public institutions, including schools, health centers, and police stations across 280 localities. The award marks a significant step forward in closing the digital divide and empowering rural communities in Peru with the connectivity they need to access education, healthcare, and public services, laying a strong, scalable foundation for future bandwidth growth in rural areas that need it most.

    The project reflects Gilat’s continued partnership with the Peruvian State and long-standing commitment to digital access for all, strengthening public services in some of the most remote areas of Peru.

    “With extensive experience implementing complex connectivity projects throughout Peru, we are uniquely qualified to carry out this critical migration in record time,” said Arieh Rohrstock, Corporate Senior Vice President and President, Gilat Peru. “Together with Pronatel, we’re advancing our shared goal of increasing digital inclusion in the most remote regions of the country by delivering the high-speed infrastructure needed to support essential public services.”

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to Israel’s preemptive strike against Iran’s nuclear project and the continued hostilities between Israel and Iran, and the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks

    Hagay Katz, Chief Product and Marketing Officer

    hagayk@gilat.com

    Alliance Advisors:

    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network

  • MIL-OSI Security: Defense News in Brief: AFMAO embodies ‘No Airman left behind’ – Operation Colony Glacier 2025

    Source: United States Airforce

    Forty miles from Joint Base Elmendorf-Richardson, and accessible only by helicopter, U.S. Air Force Capt. Travis Lockwood stands on Colony Glacier. Before him lies a wide, unforgiving landscape scattered with debris from a long-ago tragedy that has become a mission of recovery and reunion, 73 years later.

    Colony Glacier is a large glacier that is home to the debris of a C-124 Globemaster that crashed into the side of Mount Gannett. Originally taking off from McChord Air Force Base, Washington, Nov. 22, 1952, en route to Elmendorf AFB, the aircraft never made it to its destination. The accident took the lives of 52 passengers and crew members. As of June 2025, 49 of 52 passengers have been identified. The recovery mission has taken place annually since 2012, when the contents of the crash were discovered.

    Lockwood, who is the Operation Colony Glacier ground forces commander and recovery team lead, as well as an Air Force Mortuary Affairs Operations mortuary affairs deputy chief, travels from Dover AFB, Delaware, twice a summer for both phases of the operation, spending multiple weeks upon the blue ice, searching for key pieces of human remains, personal effects and identifiable information from the fallen aircraft passengers.

    Working with a team of joint partners including Armed Forces Medical Examiner System personnel, the Alaska Army National Guard, and JB Elmendorf-Richardson volunteers, Lockwood is able to bring pieces of bones, soft tissue, clothing articles, fully intact ID cards and large parts of the now retired C-124 back to Dover AFB where they will be sent to AFMES. 

    Lockwood describes a day on the ice as rewarding, despite being physically challenging. Safety is one of Lockwood’s priorities as the team lead.

    “The glacier is hard-packed ice covered in loose rock. Everything from gravel to large boulders. It’s not flat; there are steep inclines, crevasses, and hidden obstacles everywhere,” Lockwood explains, eyes scanning his cold surroundings, hearing the constant sound of rushing water pouring from the melting surfaces.

    “Temperature-wise, it ranges from the low 40s to mid-30s, with a lot of wind. And the glacier is constantly changing, it is melting, shifting, moving, so every day we reassess the area we’re working in.”

    The team, usually consisting of about seven crew members, begins their day with a 20-minute flight on an Alaska Army National Guard UH-60L Black Hawk, where skilled Army pilots are able to land the aircraft on small, uneven surfaces upon the ice for a brief, hot unloading. The recovery team is highly trained and carries a days worth of gear, with them preparing for the mission by attending mountaineering school in order to be able to navigate the rough terrain and have the ability to reach deeply into the glacial crevasses.

    Every day is a new day on Colony, due to the landscape constantly melting and revealing more debris underneath. The team moves miles down the glacier every year. Lockwood explains that oftentimes the surfaces are unrecognizable, so it is important they discover as much as they can because nothing will be in the same place tomorrow. The operation is split into two phases each summer, in order to let new parts of the landscape melt down to expose more content to search through. Weather conditions on the glacier are monitored by the 3rd Wing, JB Elmendorf-Richardson, who provide an on-site weather team. 

    Despite the challenging daily challenges on the glacier, the team is able to stay focused on the mission due to strong team bonds that can only truly be felt by those who have touched the ice and mission, according to Lockwood.

    “There’s a unique bond out here, one that only those who’ve been on this mission understand,” he explains. “You can’t explain what it’s like until you’re standing on the ice, finding human remains and personal effects. That experience creates a deep, unspoken connection among the team. We’re united by the mission and by our commitment to each other.”

    Returning personal effects to family members is one of the largest goals of Operation Colony Glacier. AFMAO and AFMES members recently were able to meet with children, cousins, nieces and nephews and friends of the fallen service members at an event in Dover. Families sharing memories of the fallen members highlighted the impact of the mission, and how their hard work to bring home and identify every member does not go unnoticed.

    Finding personal effects such as wallets, clothing, and safety equipment can be emotionally painful.

    Lockwood highlights one of the more emotional recoveries he made, a wallet belonging to a passenger and a father’s belongings.

    “Last year, we found a couple of wallets, one of which had contents like business cards and money. One wallet had a printed paper that said ‘mom’s sizes’ — her dress and shoe sizes. It was November, so maybe he was planning to buy her a Christmas present,” explains Lockwood. “I also found a family photo, and behind it, folded up, was a birth certificate for a daughter who was two months old. This individual had a brand new baby and was carrying her birth certificate at the time of the crash … that really puts a personal touch on things and makes (the mission) emotional, knowing these people left families behind and lost their lives coming up here.”

    During phase one of 2025, the team was able to find another completely intact wallet that included a fully preserved ID card, photos, mess hall pass, taxi receipt and TDY orders.

    With the personal effects and human remains that are found by the on-ice team, AFMES is able to do DNA processing, fingerprint examination and other identification processes.

    A key team member in this process is an Operation Colony Glacier veteran, Carlos Colon. Colon is an AFMES medicolegal death investigator and the operations subject matter expert. Colon has returned to the glacier every year for eight years, consistently bringing back and selecting the best viable specimens, submitting them to the DNA lab for processing, with identification usually happening within a year. On the ice, Colon organizes and numbers the samples, helping the team identify what would be suitable specimen to send back. Every day, he visits the morgue on JB Elmendorf-Richardson and oversees the process of storing the remains before they are brought to Dover AFB.

    Colon, originally from Puerto Rico, served in the U.S. Army as a mortuary affairs specialist, where he would discover and process remains, helping to send them to Dover AFB. He became interested in AFMES and the medical side of the process after witnessing a pathologist, photographer and investigator in Iraq, leading him to pursue a career in forensic investigation. 

    Combining his army and civilian experience, Colon has made many impacts to families and to fallen service members, helping them with dignity, honor and respect. Carlos highlights the importance of the mission, emphasizing the promise to bring service members back to their families.

    “We won’t leave you behind. For me, it’s a cool reminder, especially for the guys in combat arms, infantry, or combat engineers, that the DoD really does this. Having them participate is special. A lot of them say, ‘Wow, I can’t believe we’re still doing this after all these years.’ That’s my favorite part. I’ve seen a lot of deaths in my career, so I also find it rewarding to create an environment where it’s easier for people to process what’s happening, so they’re not as affected.”

    Colon explains that what keeps him motivated on the ice is how determined everyone is to make all 52 identifications. He shares that one of his favorite memories was when a fellow team member brought a speaker to the glacier, playing music from the 1950s that would have been popular in the time of the crash while they searched.

    “I wish people knew many people are involved in this mission,” Colon says. “How many organizations, how many individuals and how invested everybody is to see it through.”

    At the end of the mission each year, AFMAO organizes a dignified departure for the remains before transporting the remains to Dover AFB. The long, demanding days, unwavering motivation and commitment to service from all team members and units make this accomplishment possible.

    Colony Glacier is a one-of-a-kind mission that is authentically able to represent the Air Force’s commitment to never leaving an Airman behind.

    “We will never leave somebody behind. We’ve made a commitment to the fallen and their families that we will bring them home,” Lockwood said. “The lengths we go to do that are very special … we will care for your Airmen, your Soldiers, your Marines. From the time they join until the time they leave, or until they are brought home. They are not forgotten.”

    MIL Security OSI

  • MIL-OSI: Hut 8 Advances Capital Strategy with DIFC License

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 22, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its subsidiary, Hut 8 Investment Ltd, has secured a Commercial License in the Dubai International Financial Centre (“DIFC”). The license authorizes proprietary investments and certain non-financial commercial activity under the DIFC’s legal and regulatory framework, which is based on international standards and principles of common law.

    The DIFC license represents a structural expansion of Hut 8’s capital strategy, enhancing the Company’s ability to deploy Bitcoin held in reserve into structured derivatives strategies. The license is expected to broaden access to institutional counterparties, reduce trading friction, and lower transaction costs. In fiscal year 2024, Hut 8 generated more than $20 million in net proceeds from covered call options premiums on Bitcoin held in reserve. Through its presence in the DIFC, Hut 8 expects to unlock multiple advantages that support continued expansion of its active treasury management program, including:

    • Direct access to global derivatives markets: Enables Hut 8 to trade directly on institutional exchanges, reducing reliance on OTC intermediaries that historically introduced cost friction relative to spot pricing
    • Broader access to institutional-grade products and counterparties: Unlocks a wider set of global liquidity providers and instruments, enhancing strategic optionality
    • Greater flexibility in structured strategy design and execution: Allows Hut 8 to construct and manage advanced yield strategies that would more difficult to execute without a DIFC license
    • Supportive regulatory environment within a common law framework: Dubai offers an established legal and regulatory foundation for institutional digital asset activity, supporting enhanced enforceability, compliance certainty, and jurisdictional alignment

    “We believe that securing a DIFC license enhances our ability to drive outsized shareholder returns through our integrated capital strategy,” said Asher Genoot, CEO of Hut 8. “It allows us to execute directly on global derivatives markets, reduce trading costs, and access a broader range of institutional products. Within a regulatory environment that supports structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimize yield through disciplined, proactive management.”

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    About Dubai International Financial Centre

    Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres and a leading financial hub for the Middle East, Africa, and South Asia (MEASA). With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework. The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. For further information, please visit our website: difc.ae or follow us on LinkedIn and X at @DIFC.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s use of its DIFC license to expand its capital strategy, enhance the Company’s ability to deploy Bitcoin held in reserve, broaden access to institutional counterparties, reduce trading friction, lower transaction costs, and unlock other advantages to support the expansion of the Company’s active treasury management program; the impact of the DIFC’s regulatory framework; the ability of the Company to drive outsized shareholder returns; and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network

  • MIL-OSI Africa: Dallas Mayor Signs City Sister Partnership with Dar es Salaam Counterpart

    Source: APO – Report:

    .

    On July 22, 2025, Mayor of Dallas, Texas, USA, Eric L. Johnson and his Dar es Salaam counterpart Mayor Omary Kumbilamoto signed a Sister City Partnership aimed at deepening commercial, cultural, and educational ties.

    The signing ceremony, held at the Hyatt Regency Hotel in Dar es Salaam, was also witnessed by the United States Chargé d’Affaires Jonathan Howard, Tanzania’s Ambassador to the United States, Elsie Kanza, and other Tanzanian government officials.

    Mayor Johnson is in Tanzania for an eight-day visit to explore trade opportunities and strengthen economic partnership between Dallas and Dar es Salaam as well as other parts of Tanzania.  He is also visiting Zanzibar and Arusha.

    The mayor is joined by members of the Tanzanian American Chamber of Commerce (TACC), which is headquartered in Dallas, Texas, and seeks to promote bilateral trade between Tanzania and the United States.  The delegation has had productive meetings with the Regional Commissioner of Dar es Salaam, representatives from various Ministries in the Tanzanian government, and the American Chamber of Commerce in Tanzania.

    As a major hub for American innovation in the agribusiness, health care, energy, tech, logistics, manufacturing, and financial services sectors, the City of Dallas has set a global standard for how municipal governments can leverage infrastructure development and business incentives to develop a vibrant economy. Thanks to its status as a commercial center and one of the fastest growing cities in the world, Dar es Salaam is a key gateway for unlocking international trade and investment in Tanzania with immense potential to create jobs and economic prosperity for citizens in both countries.

    – on behalf of U.S. Embassy in Tanzania.

    MIL OSI Africa

  • MIL-OSI Asia-Pac: President Lai meets cross-party Irish Oireachtas delegation

    Source: Republic of China Taiwan

    Details
    2025-07-22
    President Lai meets official delegation from European Parliament’s Special Committee on the European Democracy Shield
    On the morning of July 22, President Lai Ching-te met with an official delegation from the European Parliament’s Special Committee on the European Democracy Shield (EUDS). In remarks, President Lai thanked the committee for choosing to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe. President Lai emphasized that Taiwan, standing at the very frontline of the democratic world, is determined to protect democracy, peace, and prosperity worldwide. He expressed hope that we can share our experiences with Europe to foster even more resilient societies. A translation of President Lai’s remarks follows: Firstly, on behalf of the people of Taiwan, I extend a warm welcome to your delegation, which marks another official visit from the European Parliament. The Special Committee on the EUDS aims to strengthen societal resilience and counter disinformation and hybrid threats. Having been constituted at the beginning of this year, the committee has chosen to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe and the unlimited possibilities for deepening cooperation on issues of concern. I am also delighted to see many old friends of Taiwan gathered here today. I deeply appreciate your longstanding support for Taiwan. Taiwan and the European Union enjoy close trade and economic relations and share the values of freedom and democracy. However, in recent years, we have both been subjected to information manipulation and infiltration by foreign forces that seek to interfere in democratic elections, foment division in our societies, and shake people’s faith in democracy. Taiwan not only faces an onslaught of disinformation, but also is the target of gray-zone aggression. That is why, after taking office, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office, with myself as convener. The committee is a platform that integrates domestic affairs, national defense, foreign affairs, cybersecurity, and civil resources. It aims to strengthen the capability of Taiwan’s society to defend itself against new forms of threat, pinpoint external and internal vulnerabilities, and bolster overall resilience and security. The efforts that democracies make are not for opposing anyone else; they are for safeguarding the way of life that we cherish – just as Europe has endeavored to promote diversity and human rights. The Taiwanese people firmly believe that when our society is united and people trust one another, we will be able to withstand any form of authoritarian aggression. Taiwan stands at the very frontline of the democratic world. We are determined to protect democracy, peace, and prosperity worldwide. We also hope to share our experiences with Europe and deepen cooperation in such fields as cybersecurity, media literacy, and societal resilience. Thank you once again for visiting Taiwan. Your presence further strengthens the foundations of Taiwan-Europe relations. Let us continue to work together to uphold freedom and democracy and foster even more resilient societies. EUDS Special Committee Chair Nathalie Loiseau then delivered remarks, saying that the delegation has members from different countries, including France, Germany, the Czech Republic, Poland, and Belgium, and different political parties, but that they have in common their desire for stronger relations between the EU and Taiwan. Committee Chair Loiseau stated that the EU and Taiwan, having many things in common, should work more together. She noted that we have strong trade relations, strong investments on both sides, and strong cultural relations, while we are also facing very similar challenges and threats. She said that we are democracies living in a world where autocracies want to weaken and divide democracies. She added that we also face external information manipulation, cyberattacks, sabotage, attempts to capture elites, and every single gray-zone activity that aims to divide and weaken us. Committee Chair Loiseau pointed out another commonality, that we have never threatened our neighbors. She said that we want to live in peace and we care about our people; we want to defend ourselves, not to attack others. We are not being threatened because of what we do, she emphasized, but because of what we are; and thus there is no reason for not working more together to face these threats and attacks. Committee Chair Loiseau said that Taiwan has valuable experience and good practices in the area of societal resilience, and that they are interested in learning more about Taiwan’s whole-of-society approach. They in Europe are facing interference, she said, mainly from Russia, and they know that Russia inspires others. She added that they in the EU also have experience regulating social media in a way which combines freedom of expression and responsibility. In closing, the chair said that they are happy to have the opportunity to exchange views with President Lai and that the European Parliament will continue to strongly support relations between the EU and Taiwan. The delegation also included Members of the European Parliament Engin Eroglu, Tomáš Zdechovský, Michał Wawrykiewicz, Kathleen Van Brempt, and Markéta Gregorová.

    Details
    2025-07-17
    President Lai meets President of Guatemalan Congress Nery Abilio Ramos y Ramos  
    On the morning of July 17, President Lai Ching-te met with a delegation led by Nery Abilio Ramos y Ramos, the president of the Congress of the Republic of Guatemala. In remarks, President Lai thanked Congress President Ramos and the Guatemalan Congress for their support for Taiwan, and noted that official diplomatic relations between Taiwan and Guatemala go back more than 90 years. As important partners in the global democratic community, the president said, the two nations will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. A translation of President Lai’s remarks follows:  I recall that when Congress President Ramos visited Taiwan in July last year, he put forward many ideas about how our countries could promote bilateral cooperation and exchanges. Now, a year later, he is leading another cross-party delegation from the Guatemalan Congress on a visit, demonstrating support for Taiwan and continuing to help deepen our diplomatic ties. In addition to extending a sincere welcome to the distinguished delegation members who have traveled so far to be here, I would also like to express our concern and condolences for everyone in Guatemala affected by the earthquake that struck earlier this month. We hope that the recovery effort is going smoothly. Official diplomatic relations between Taiwan and Guatemala go back more than 90 years. In such fields as healthcare, agriculture, education, and women’s empowerment, we have continually strengthened our cooperation to benefit our peoples. Just last month, Guatemala’s President Bernardo Arévalo and the First Lady led a delegation on a state visit to Taiwan. President Arévalo and I signed a letter of intent for semiconductor cooperation, and also witnessed the signing of cooperation documents to establish a political consultation mechanism and continue to promote bilateral investment. This has laid an even sounder foundation for bilateral exchanges and cooperation, and will help enhance both countries’ international competitiveness. Taiwan is currently running a semiconductor vocational training program, helping Guatemala cultivate semiconductor talent and develop its tech industry, and demonstrating our determination to share experience with democratic partners. At the same time, we continue to assist Taiwanese businesses in their efforts to develop overseas markets with Guatemala as an important base, spurring industrial development in both countries and increasing economic and trade benefits. I want to thank Congress President Ramos and the Guatemalan Congress for their continued support for Taiwan’s international participation. Representing the Guatemalan Congress, Congress President Ramos has signed resolutions in support of Taiwan, and has also issued statements addressing China’s misinterpretation of United Nations General Assembly Resolution 2758. Taiwan and Guatemala, as important partners in the global democratic community, will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. Congress President Ramos then delivered remarks, first noting that the members of the delegation are not only from different parties, but also represent different classes, cultures, professions, and departments, which shows that the diplomatic ties between Guatemala and the Republic of China (Taiwan) are based on firm friendships at all levels and in all fields. Noting that this was his second time to visit Taiwan and meet with President Lai, Congress President Ramos thanked the government of Taiwan for its warm hospitality. With the international situation growing more complex by the day, he said, Guatemala highly values its longstanding friendship and cooperative ties with Taiwan, and hopes that both sides can continue to deepen their cooperation in such areas as the economy, technology, education, agriculture, and culture, and work together to spur sustainable development in each of our countries. Congress President Ramos said that the way the Taiwan government looks after the well-being of its people is an excellent model for how other countries should promote national development and social well-being. Accordingly, he said, the Guatemalan Congress has stood for justice and, for a second time, adopted a resolution backing Taiwan’s participation in the World Health Assembly. Regarding President Arévalo’s state visit to Taiwan the previous month, Congress President Ramos commented that this high-level interaction has undoubtedly strengthened the diplomatic ties between Taiwan and Guatemala and led to more opportunities for cooperation. Congress President Ramos emphasized that democracy, freedom, and human rights are universal values that bind Taiwan and Guatemala together, and that he is confident the two countries’ diplomatic ties will continue to grow deeper. In closing, on behalf of the Republic of Guatemala, Congress President Ramos presented President Lai with a Chinese translation of the resolution that the Guatemalan Congress proposed to the UN in support of Taiwan’s participation in international organizations, demonstrating the staunch bonds of friendship between the two countries. The delegation was accompanied to the Presidential Office by Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-07-08
    President Lai meets delegation led by Foreign Minister Jean-Victor Harvel Jean-Baptiste of Republic of Haiti
    On the morning of July 8, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Jean-Victor Harvel Jean-Baptiste of the Republic of Haiti and his wife. In remarks, President Lai noted that our two countries will soon mark the 70th anniversary of diplomatic relations and that our exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. The president stated that Taiwan will continue to work together with Haiti to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. The president thanked Haiti for supporting Taiwan’s international participation and expressed hope that both countries will continue to support each other, deepen cooperation, and face various challenges together. A translation of President Lai’s remarks follows: I am delighted to meet and exchange ideas with Minister Jean-Baptiste, his wife, and our distinguished guests. Minister Jean-Baptiste is the highest-ranking official from Haiti to visit Taiwan since former President Jovenel Moïse visited in 2018, demonstrating the importance that the Haitian government attaches to our bilateral diplomatic ties. On behalf of the Republic of China (Taiwan), I extend a sincere welcome. Next year marks the 70th anniversary of the establishment of diplomatic ties between our two countries. Our bilateral exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. Over the past few years, Haiti has faced challenges in such areas as food supply and healthcare. Taiwan will continue to work together with Haiti through various cooperative programs to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. I want to thank the government of Haiti and Minister Jean-Baptiste for speaking out in support of Taiwan on the international stage for many years. Minister Jean-Baptiste’s personal letter to the World Health Organization Secretariat in May this year and Minister of Public Health and Population Bertrand Sinal’s public statement during the World Health Assembly both affirmed Taiwan’s efforts and contributions to global public health and supported Taiwan’s international participation, for which we are very grateful. I hope that Taiwan and Haiti will continue to support each other and deepen cooperation. I believe that Minister Jean-Baptiste’s visit will open up more opportunities for cooperation for both countries, helping Taiwan and Haiti face various challenges together. In closing, I once again offer a sincere welcome to the delegation led by Minister Jean-Baptiste, and ask him to convey greetings from Taiwan to Prime Minister Alix Didier Fils-Aimé and the members of the Transitional Presidential Council. Minister Jean-Baptiste then delivered remarks, saying that he is extremely honored to visit Taiwan and reaffirm the solid and friendly cooperative relationship based on mutual respect between the Republic of Haiti and the Republic of China (Taiwan), which will soon mark its 70th anniversary. He also brought greetings to President Lai from Haiti’s Transitional Presidential Council and Prime Minister Fils-Aimé. Minister Jean-Baptiste emphasized that over the past few decades, despite the great geographical distance and developmental and cultural differences between our two countries, we have nevertheless established a firm friendship and demonstrated to the world the progress resulting from the mutual assistance and cooperation between our peoples. Minister Jean-Baptiste pointed out that our two countries cooperate closely in agriculture, health, education, and community development and have achieved concrete results. Taiwan’s voice, he said, is thus essential for the people of Haiti. He noted that Taiwan also plays an important role in peace and innovation and actively participates in global cooperative efforts. Pointing out that the world is currently facing significant challenges and that Haiti is experiencing its most difficult period in history, Minister Jean-Baptiste said that at this time, Taiwan and Haiti need to unite, help each other, and jointly think about how to move forward and deepen bilateral relations to benefit the peoples of both countries. Minister Jean-Baptiste said that he is pleased that throughout our solid and friendly diplomatic relationship, both countries have demonstrated mutual trust, mutual respect, and the values we jointly defend. He then stated his belief that Haiti and Taiwan will together create a cooperation model and future that are sincere, friendly, and sustainable. The delegation was accompanied to the Presidential Office by Chargé d’Affaires a.i. Francilien Victorin of the Embassy of the Republic of Haiti in Taiwan.

    Details
    2025-07-01
    President Lai meets delegation from 2025 Taiwan International Ocean Forum
    On the afternoon of July 1, President Lai Ching-te met with a delegation from the 2025 Taiwan International Ocean Forum (TIOF). In remarks, President Lai noted that the people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. He expressed hope that their visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. A translation of President Lai’s remarks follows: I want to thank our guests for coming here to the Presidential Office. The 2025 TIOF will take place tomorrow and the day after, and I thank you all for making the long trip to Taiwan to attend the event and share your valuable insights and experiences. This year’s forum will focus on strategies for strengthening maritime security and pathways to achieving a sustainable blue economy. By attending this forum, our guests are highlighting their commitment to safeguarding the oceans, and beyond that, taking concrete action to demonstrate support for Taiwan. I once again offer deepest gratitude on behalf of the people of Taiwan. Taiwan holds a key position on the first island chain, is one of the world’s top 10 shipping nations, and accounts for close to 10 percent of global container shipping by volume. As such, Taiwan occupies a unique and important position in maritime strategy. For Taiwan, the ocean is more than just a basis for survival and development; it is also an important driver of national prosperity. In my inaugural address last year, I spoke of a threefold approach to further Taiwan’s development. One of these involves further developing our strengths as a maritime nation. Our government must actively help deepen our connections with the ocean, and must continue to promote green shipping, a sustainable fishing industry, marine renewable energy, and other forms of industrial transformation. It must also make use of marine technology and digital innovation to create a new paradigm that balances environmental, economic, and social inclusion concerns. This will help enhance Taiwan’s responsibilities and competitiveness as a maritime nation. Taiwan is surrounded by ocean, and our territorial waters are a natural protective barrier. However, continued gray-zone aggression from China creates serious threats and challenges to peace and stability in the Taiwan Strait. Our government continues to invest resources to deal with increasingly complex maritime security issues. In addition to building coast guard patrol vessels, we must also step up efforts to build underwater, surface, and airborne unmanned vehicles and smart reconnaissance equipment, so as to demonstrate Taiwan’s determination to defend democracy and freedom and commitment to maintaining peace and stability in the Taiwan Strait. Oceans are Taiwan’s roots, and provide the channels by which we engage with the world. The people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. The TIOF was first launched in 2020, and has now become an important platform for enhancement of cooperation between Taiwan and other countries. I hope that our distinguished guests will reap great benefits at this year’s forum, and further hope that this visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. Chairman of The Washington Times Thomas McDevitt, a member of the delegation, then delivered remarks, noting first that July 4th, this Friday, is Independence Day in America. Independence is a sacred, powerful word which has great meaning in this part of the world, he said. Chairman McDevitt indicated that Taiwan has truly become a global beacon of democracy and a key partner for many nations. He then quoted President Lai’s 2024 inaugural address: “We will work together to combat disinformation, strengthen democratic resilience, address challenges, and allow Taiwan to become the MVP of the democratic world.” Chairman McDevitt went on to say that he appreciated the president’s speech with regard to his philosophical depth, sensitivity, and both moral and political clarity. He said that he was deeply moved by the speech, but within a few days of it, China responded with military activities and many threats. The chairman then emphasized that we are in a civilization crisis. Chairman McDevitt mentioned that President Lai has begun a series of 10 lectures, and remarked that they would help the world to understand the identity and the nature of Taiwan, as well as the situation we are in in the world. On behalf of all the delegation, Chairman McDevitt thanked the president for his leadership in dealing with these issues thoughtfully. Chairman McDevitt concluded with a line from the Old Testament which states that if the people have no vision, they will perish. He said that he believes Taiwan’s president has led the people of Taiwan, and the world, with a vision of how to navigate this great civilization crisis together. The delegation also included Members of the Japanese House of Representatives Kikawada Hitoshi, Aoyama Yamato, and Genma Kentaro, and Member of Parliament of the United Kingdom Gavin Williamson.

    Details
    2025-06-30
    President Lai meets Minister of State at UK Department for Business and Trade Douglas Alexander  
    On the morning of June 30, President Lai Ching-te met with Douglas Alexander, Minister of State at the Department for Business and Trade of the United Kingdom. In remarks, President Lai thanked the UK government for its longstanding support for peace and stability across the Taiwan Strait, demonstrating that Taiwan and the UK share similar goals. Noting that two years ago, Taiwan and the UK signed an enhanced trade partnership (ETP) arrangement, the president said that today Taiwan and the UK have signed three pillars under the ETP, which will help promote bilateral economic and trade cooperation. He expressed hope of the UK publicly supporting Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) so that together we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I extend a warm welcome to Minister Alexander and wish a fruitful outcome for the 27th round of Taiwan-UK trade talks later today. Taiwan-UK relations have grown closer in recent years. We have not only continued to strengthen cooperation in such fields as offshore wind power, innovative technologies, and culture and education but also have established regular dialogue mechanisms in the critical areas of economics and trade, energy, and agriculture. The UK is currently Taiwan’s fourth-largest European trading partner, second-largest source of investment from Europe, and third-largest target for investment in Europe. Two years ago, Taiwan and the UK signed an ETP arrangement. This was particularly meaningful, as it was the first institutionalized economic and trade framework between Taiwan and a European country. Today, this arrangement is yielding further results. I am delighted that Taiwan and the UK have signed three pillars under the ETP covering investment, digital trade, and energy and net-zero. This will help promote bilateral economic and trade cooperation and advance industrial development on both sides. I also want to thank the UK government for its longstanding support for peace and stability across the Taiwan Strait. This month, the UK published its Strategic Defence Review 2025 and National Security Strategy 2025, which oppose any unilateral attempts to change the status quo across the Taiwan Strait. These not only demonstrate that Taiwan and the UK share similar goals but also show that security and prosperity in the Indo-Pacific region are inseparable from those of the transatlantic regions. In addition, last November, the House of Commons passed a motion which made clear that United Nations General Assembly (UNGA) Resolution 2758 neither established the sovereignty of the People’s Republic of China over Taiwan nor determined Taiwan’s status in the United Nations. The UK government also responded to the motion by publicly expressing for the first time its position on UNGA Resolution 2758, opposing any attempt to broaden the interpretation of the resolution to rewrite history. For this, on behalf of the people of Taiwan, I once again want to extend my deepest gratitude. Taiwan and the UK have the advantage of being highly complementary in the technology sector. In facing the restructuring of global supply chains and other international economic and trade developments, I believe that Taiwan and the UK are indispensable key partners for one another. I look forward to the UK publicly supporting Taiwan’s accession to the CPTPP so that together, we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. In closing, I wish Minister Alexander a pleasant and successful visit. And I hope he has the opportunity to visit Taiwan for personal travel in the future. Minister Alexander then delivered remarks, saying that it is a great personal honor to meet with everyone today to discuss further deepening the UK-Taiwan trade relationship and explore the many opportunities our two sides can pursue together. He mentioned that he traveled to Taiwan in 2022 when he was a private citizen, a visit he thoroughly enjoyed, so he is delighted to be back to see the strength of the UK-Taiwan relationship and the strengthening of that relationship. He said that relationship is built on mutual respect, democratic values, and a shared vision for open, resilient, and rules-based economic cooperation. As like-minded partners, he pointed out, our collaboration continues to grow across multiple sectors, and he is here today to further that momentum. Minister Alexander stated that on trade and investment, he is proud that this morning we signed the ETP Pillars on Investment, Digital Trade, Energy and Net Zero, which will provide a clear framework for our future cooperation and lay the foundation for expanded access and market-shaping engagement between our two economies. The minister said he believes that together with our annual trade talks, this partnership will help UK’s firms secure new commercial opportunities, improve regulatory alignment, and promote long-term investment in key growth areas, which in turn will also support Taiwan’s efforts to expand high-quality trade relationships with trusted partners. Minister Alexander said that President Lai’s promotion of the Five Trusted Industry Sectors and the UK’s recently published industrial and trade strategies are very well-aligned, as both cover clean energy and semiconductors as well as advanced manufacturing. He then provided an example, saying that both sides plan to invest in AI infrastructure and compute power-creating opportunities for great joint research in the future. By combining our strengths in these areas, he said, we can open the door to innovative collaboration and commercial success for both sides. He mentioned that yesterday he visited the Taiwan Space Agency, commenting that in sectors such as satellite technology, green energy, and cyber security, British expertise and trusted standards can provide meaningful solutions. Noting that President Lai spoke in his remarks of the broader challenge of peace and security in the region, Minister Alexander stated that the United Kingdom has, of course, also continued to affirm its commitment to peace and stability in the Taiwan Strait, along with its G7 partners. The UK-Taiwan relationship is strategic, enduring, and growing, he stated, and they reaffirm and remain firm in their longstanding position and confident in their ability to work together to support both prosperity and resilience in both of our societies. Minister Alexander said that, as Taiwan looks to diversify capital and build global partnerships, they believe the UK represents a strong and ambitious investment destination, particularly for Taiwanese companies at the very forefront of robotics, clean tech, and advanced industry. He pointed out that the UK’s markets are stable, open, and aligned with Taiwan’s vision of a high-tech, sustainable future, adding that he looks forward to our discussion on how we can further deepen our cooperation across all of these areas and more. The delegation also included Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific at the UK Department for Business and Trade. The delegation was accompanied to the Presidential Office by British Office Taipei Representative Ruth Bradley-Jones.   

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI NGOs: Greenpeace calls for drastic cut in plastic production as new report reveals millions at risk of toxic air pollution exposure

    Source: Greenpeace Statement –

    Amsterdam, The Netherlands – A new Greenpeace International report released today reveals that over 50 million people in 11 countries [1] are at risk of exposure to hazardous air pollution from plastic linked petrochemical production. The findings intensify pressure on negotiators at the Global Plastics Treaty talks in Geneva to secure a treaty that tackles the problem at its source: plastic production.

    Graham Forbes, Global Plastics Campaign Lead for Greenpeace USA and Greenpeace Head of Delegation for the Global Plastics Treaty negotiation said: “What this report shows is that the plastics crisis is a public health emergency. The Global Plastics Treaty must deliver a 75% cut in plastic production by 2040 to reduce escalating threats to human and planetary health. People are being poisoned so fossil fuel and petrochemical companies can churn out more unnecessary plastic. Without a treaty that cuts production, the plastic crisis will only grow worse.”

    The report, Every Breath You Take: Air Pollution Risks from Petrochemicals Production for the Plastics Supply Chain, shifts the lens to midstream level plastic production—to the petrochemical plants that produce precursors to plastic and expose frontline communities living near to these facilities who are potentially facing exposure to dangerous air pollutants.

    During the production of feedstock, petrochemical facilities emit a suite of harmful airborne substances typically including Volatile Organic Compounds (VOCs), nitrogen oxides (NOₓ), and sulfur oxides (SOₓ) and particulate matter (PM). Studies report higher concentrations of these pollutants near petrochemical facilities, with proximity linked to increased illness—raising a serious cause for concern.

    Key findings from the report include:

    • Over 51 million people in the 11 countries studied live within 10 km of plastics-linked petrochemical facilities; 16 million live within 5 km. In every country studied, residential areas lie within 10 km of plastic-linked petrochemical plants.
    • The United States has the highest number of people living at a distance that is linked to elevated risk—13 million, especially in Texas and Louisiana.
    • One in four people in the Netherlands live at a distance that is linked to elevated risk of exposure to air pollution emissions, including toxic emissions, from petrochemical plants. It has the highest proportion of its population at risk with 4.5 million people or 25.6% of the entire population within the exposure zones assessed in the analysis. The country with the second highest proportion is Switzerland at 10.9% of the population.
    • The pollution created by some petrochemical plants in the regions reviewed for the report is transboundary. Several plants are located in border zones, affecting communities in Austria, Poland, Singapore, Belgium, France and Germany.[2]
    • In documented case studies, communities near petrochemical facilities suffer disproportionately from cancer, respiratory disease, and premature death. The UN has labeled some of these areas “sacrifice zones.”

    The report also warns of industry plans to expand global plastic production through 2050, which would create more sacrifice zones, more waste exported to low-income countries, and more short-lived products driving the climate, health and waste crisis.

    The global Greenpeace network is demanding that the Global Plastics Treaty must reduce plastic production by at least 75% by 2040 to protect people’s health, the climate and the environment. The next round of negotiations will happen on August 5 to 14, 2025 in Geneva, Switzerland.

    ENDS

    Full report: Every Breath You Take: Air Pollution Risks from Petrochemicals Production for the Plastics Supply Chain

    Photos and videos can be accessed in the Greenpeace Media Library

    Interactive maps of petrochemical production zones

    Notes: 

    [1] The report, Every Breath You Take: Air Pollution Risks from Petrochemicals Production for the Plastics Supply Chain, identified the locations of petrochemical facilities linked to plastics in 11 countries: Philippines, Thailand, Malaysia, Indonesia, South Korea, Canada, USA, Germany, United Kingdom, Switzerland, and the Netherlands. The countries were selected because of their significant petrochemical presence or association with major plastic-related concerns.

    [2] The transboundary zones include populations in Austria and Poland (from German facilities), Singapore (from Malaysian facilities) Belgium and Germany (from Dutch facilities) France and Germany (from Swiss facilities).

    Contacts:

    Angelica Carballo Pago, Global Plastics Campaign Media Lead, Greenpeace USA, +63 917 1124492, [email protected]

    Greenpeace International Press Desk, +31 (0) 20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI Europe: Written question – Council position on the Sevilla Platform for Action and related initiatives – E-002857/2025

    Source: European Parliament

    Question for written answer  E-002857/2025
    to the Council
    Rule 144
    Fabio De Masi (NI)

    In the context of the recent Sevilla Platform for Action (SPA), which was presented at the United Nations’ fourth International Conference on Financing for Development, Brazil and Spain have proposed a project to establish an effective system of international tax cooperation. The project aims to enable the effective taxation of high-net-worth individuals by improving information sharing and establishing a global wealth registry. Notably, South Africa has recently joined this platform.

    Given the significant implications that this and similar initiatives have for advancing redistributive justice:

    • 1.Is this initiative supported by the Council and the Member States?
    • 2.What specific measures inspired by the SPA or related initiatives are currently being debated (or have been debated this year) by the Council?
    • 3.What concrete steps is the Council planning to take to promote international tax cooperation in this context?

    Submitted: 14.7.2025

    Last updated: 22 July 2025

    MIL OSI Europe News

  • MIL-OSI Africa: South Africa’s police serve the ANC insiders, not the people: here’s how it happened

    Source: The Conversation – Africa – By Ivor Chipkin, Professional Professor, GIBS, University of Pretoria

    After South Africa’s first democratic elections in 1994, there was significant optimism about police reform in the country. Impressive steps were taken to bring the South African Police Service under civilian control and to create a service responsive to calls for assistance from the public.

    During the apartheid period, South Africa’s police worked to preserve the political order and pursue political opponents. It did not focus on dealing with crime. This is why the achievements of the 1990s are so important. For the first time, black South Africans could call upon officers to respond to personal emergencies. This period also saw a drop in crime levels.

    However, this promising early transformation was interrupted. The appointment of Jackie Selebi as national police commissioner in 2000 heralded a new era. Selebi was an African National Congress (ANC) insider. The ANC originated as a liberation movement and has governed the country since 1994.

    Selebi had served as the head of the ANC’s Youth League in the 1980s, when it was banned. In 1987 he was appointed to the organisation’s national executive committee, its highest decision-making organ.

    His appointment as police commissioner was the start of significant change in the purpose of policing. It marked the end of the focus on civilian control of the police force and prosecuting authorities. As an ANC insider, Selebi led efforts to establish party control over the police.

    This politicisation gained momentum over the next two decades. In the early years it was exemplified by the suspension of the head of the National Prosecuting Authority, Advocate Vusi Pikoli,, by then president Thabo Mbeki, amid corruption allegations against Selebi himself.

    Other telling developments ensued. The Scorpions were disbanded in 2009 by acting president Kgalema Motlanthe. The unit’s job was to pursue high-profile cases against senior ANC politicians (among others).

    The police became increasingly entangled in the ANC’s internal political conflicts. At the same time the office of the national police commissioner experienced high turnover due to intense political manoeuvring. Between 2009 and 2022, there were seven national commissioners.

    Recent developments have once again brought the intermingling of police work and power battles in the ANC to the fore. In early July 2025, Lieutenant General Nhlanhla Mkhwanazi, the commissioner of police in the province of KwaZulu-Natal, made some startling claims. He called a press conference and, wearing camouflage uniform, he implicated the minister of police, Senzo Mchunu, together with the deputy national commissioner for crime detection, in a scheme to close down investigations into political assassinations in the province.

    President Cyril Ramaphosa rushed back from a meeting of the Brics countries in Brazil to attend to the matter. He announced that the police minister had been placed on leave with immediate effect. He also announced a judicial inquiry into the allegations.

    I have conducted research into South Africa’s security apparatus over the last decade. Based on this work, and new research forthcoming in the Journal of Southern African Studies done with Jelena Vidojevic, co-founder of the New South Institute, it is clear that elite contestation in the ANC is intensifying.

    In other words, the ability of internal party structures to manage gatekeeping is declining. Many of the people involved are indifferent or even hostile to South Africa’s democratic and constitutional order.

    As the ability of some political elites to access state resources through the party declines, some are linked with organised criminal networks. Organised crime has been on the edges of South African politics. It now risks taking a more central role.

    In this environment, the police service will often be the thin (blue) line between multiparty contestation according to constitutional rules and the criminalisation of politics in South Africa.

    The shift

    Large organisational changes within the police vividly illustrate this shift away from its core function.

    The Visible Policing programme was meant to meant to deter crime through patrols, checkpoints and roadblocks. But, instead, there was a steady decline in resource allocation. Employee numbers dropped between 2015 and 2021.

    Detective services and crime intelligence also experienced such declines.

    Conversely, employee numbers in the Protection and Security Services programme, responsible for providing bodyguards to politicians, increased sharply between 2014 and 2016.

    Evidence heard by the commission of inquiry into state capture suggested that some officers and budgets in the service were even used to supply President Jacob Zuma and other politicians with what amounted to a private militia.

    This reorientation of resources coincided with a rise in crime across the country, a decline in arrests by 24.5%, and a drop in the police’s efficacy in solving crimes.

    Furthermore, a politicised police leadership effectively stopped policing various categories of crime. This was particularly true of offences like fraud, corruption, and certain types of theft, and particularly when politically connected persons were involved.

    The state capture commission heard extensive evidence about the failure of the police to pursue politically sensitive investigations. Investigations into senior officials were frequently frustrated or impeded, and cases at state-owned enterprises were abandoned.

    This shows how police resources were actively redirected as weapons of elite competition, pursuing political enemies and protecting allies within the ruling party.

    Mkhwanazi’s claims, if substantiated, suggest that this political policing remains entrenched.

    What now?

    Ramaphosa has announced the appointment of Firoz Cachalia as the acting minister of police. Cachalia, a well regarded legal academic, served as ANC minister for community safety. Between 2019 and 2022 he was part of the ANC’s national executive committee.

    His appointment raises serious questions.

    If the core problem with the police is that it has become embroiled in ANC internal politics, having an ANC insider head the ministry of police (even if only on an acting basis) threatens only to compound the problem.

    Moreover, South Africans have already witnessed a long and expensive judicial inquiry into state capture. And despite extensive evidence of police failure to pursue politically sensitive investigations, nothing concrete has come of it.

    How likely is it that this new initiative will be any different, especially if those investigating it and presiding over key institutions are themselves ANC insiders?

    To depoliticise the police service and redirect its attention and activities towards crime and emergencies, a crucial first step is to reconsider the appointment processes for the national police commissioner and other top managers.

    Under the current system the president has sole discretion. This bakes party-political considerations into the decision-making process.

    Without structural changes, genuine democratic policing will remain an elusive ideal.

    In 2024/25 the murder rate in South Africa stood at 42 per 100,000, among the highest in the world and close to levels not seen since the early 2000s.

    At the very least, the minister of police must not be an ANC insider. Democratic renewal in South Africa requires bringing the police firmly under parliamentary control.

    – South Africa’s police serve the ANC insiders, not the people: here’s how it happened
    – https://theconversation.com/south-africas-police-serve-the-anc-insiders-not-the-people-heres-how-it-happened-261301

    MIL OSI Africa

  • MIL-OSI Analysis: South Africa’s police serve the ANC insiders, not the people: here’s how it happened

    Source: The Conversation – Africa (2) – By Ivor Chipkin, Professional Professor, GIBS, University of Pretoria

    After South Africa’s first democratic elections in 1994, there was significant optimism about police reform in the country. Impressive steps were taken to bring the South African Police Service under civilian control and to create a service responsive to calls for assistance from the public.

    During the apartheid period, South Africa’s police worked to preserve the political order and pursue political opponents. It did not focus on dealing with crime. This is why the achievements of the 1990s are so important. For the first time, black South Africans could call upon officers to respond to personal emergencies. This period also saw a drop in crime levels.

    However, this promising early transformation was interrupted. The appointment of Jackie Selebi as national police commissioner in 2000 heralded a new era. Selebi was an African National Congress (ANC) insider. The ANC originated as a liberation movement and has governed the country since 1994.

    Selebi had served as the head of the ANC’s Youth League in the 1980s, when it was banned. In 1987 he was appointed to the organisation’s national executive committee, its highest decision-making organ.

    His appointment as police commissioner was the start of significant change in the purpose of policing. It marked the end of the focus on civilian control of the police force and prosecuting authorities. As an ANC insider, Selebi led efforts to establish party control over the police.

    This politicisation gained momentum over the next two decades. In the early years it was exemplified by the suspension of the head of the National Prosecuting Authority, Advocate Vusi Pikoli,, by then president Thabo Mbeki, amid corruption allegations against Selebi himself.

    Other telling developments ensued. The Scorpions were disbanded in 2009 by acting president Kgalema Motlanthe. The unit’s job was to pursue high-profile cases against senior ANC politicians (among others).

    The police became increasingly entangled in the ANC’s internal political conflicts. At the same time the office of the national police commissioner experienced high turnover due to intense political manoeuvring. Between 2009 and 2022, there were seven national commissioners.

    Recent developments have once again brought the intermingling of police work and power battles in the ANC to the fore. In early July 2025, Lieutenant General Nhlanhla Mkhwanazi, the commissioner of police in the province of KwaZulu-Natal, made some startling claims. He called a press conference and, wearing camouflage uniform, he implicated the minister of police, Senzo Mchunu, together with the deputy national commissioner for crime detection, in a scheme to close down investigations into political assassinations in the province.

    President Cyril Ramaphosa rushed back from a meeting of the Brics countries in Brazil to attend to the matter. He announced that the police minister had been placed on leave with immediate effect. He also announced a judicial inquiry into the allegations.

    I have conducted research into South Africa’s security apparatus over the last decade. Based on this work, and new research forthcoming in the Journal of Southern African Studies done with Jelena Vidojevic, co-founder of the New South Institute, it is clear that elite contestation in the ANC is intensifying.

    In other words, the ability of internal party structures to manage gatekeeping is declining. Many of the people involved are indifferent or even hostile to South Africa’s democratic and constitutional order.

    As the ability of some political elites to access state resources through the party declines, some are linked with organised criminal networks. Organised crime has been on the edges of South African politics. It now risks taking a more central role.

    In this environment, the police service will often be the thin (blue) line between multiparty contestation according to constitutional rules and the criminalisation of politics in South Africa.

    The shift

    Large organisational changes within the police vividly illustrate this shift away from its core function.

    The Visible Policing programme was meant to meant to deter crime through patrols, checkpoints and roadblocks. But, instead, there was a steady decline in resource allocation. Employee numbers dropped between 2015 and 2021.

    Detective services and crime intelligence also experienced such declines.

    Conversely, employee numbers in the Protection and Security Services programme, responsible for providing bodyguards to politicians, increased sharply between 2014 and 2016.

    Evidence heard by the commission of inquiry into state capture suggested that some officers and budgets in the service were even used to supply President Jacob Zuma and other politicians with what amounted to a private militia.

    This reorientation of resources coincided with a rise in crime across the country, a decline in arrests by 24.5%, and a drop in the police’s efficacy in solving crimes.

    Furthermore, a politicised police leadership effectively stopped policing various categories of crime. This was particularly true of offences like fraud, corruption, and certain types of theft, and particularly when politically connected persons were involved.

    The state capture commission heard extensive evidence about the failure of the police to pursue politically sensitive investigations. Investigations into senior officials were frequently frustrated or impeded, and cases at state-owned enterprises were abandoned.

    This shows how police resources were actively redirected as weapons of elite competition, pursuing political enemies and protecting allies within the ruling party.

    Mkhwanazi’s claims, if substantiated, suggest that this political policing remains entrenched.

    What now?

    Ramaphosa has announced the appointment of Firoz Cachalia as the acting minister of police. Cachalia, a well regarded legal academic, served as ANC minister for community safety. Between 2019 and 2022 he was part of the ANC’s national executive committee.

    His appointment raises serious questions.

    If the core problem with the police is that it has become embroiled in ANC internal politics, having an ANC insider head the ministry of police (even if only on an acting basis) threatens only to compound the problem.

    Moreover, South Africans have already witnessed a long and expensive judicial inquiry into state capture. And despite extensive evidence of police failure to pursue politically sensitive investigations, nothing concrete has come of it.

    How likely is it that this new initiative will be any different, especially if those investigating it and presiding over key institutions are themselves ANC insiders?

    To depoliticise the police service and redirect its attention and activities towards crime and emergencies, a crucial first step is to reconsider the appointment processes for the national police commissioner and other top managers.

    Under the current system the president has sole discretion. This bakes party-political considerations into the decision-making process.

    Without structural changes, genuine democratic policing will remain an elusive ideal.

    In 2024/25 the murder rate in South Africa stood at 42 per 100,000, among the highest in the world and close to levels not seen since the early 2000s.

    At the very least, the minister of police must not be an ANC insider. Democratic renewal in South Africa requires bringing the police firmly under parliamentary control.

    Ivor Chipkin teaches public policy at the Gordon Institute of Business Science (GIBS) at the University of Pretoria. He is the director of the New South Institute.

    ref. South Africa’s police serve the ANC insiders, not the people: here’s how it happened – https://theconversation.com/south-africas-police-serve-the-anc-insiders-not-the-people-heres-how-it-happened-261301

    MIL OSI Analysis