Category: Artificial Intelligence

MIL-OSI United Kingdom: Building trust in justice: Reflections from the UK Supreme Court
Source: United Kingdom – Government Statements

World news story

Building trust in justice: Reflections from the UK Supreme Court

Lord Reed’s address at the Supreme Court’s of Montenegro 80th anniversary and AIRE Centre’s conference
Copyright: Mirko Kuzman for AIRE Centre

Justice, transparency, and public trust – why it matters

Strengthening the independence, efficiency, and transparency of the judiciary is central to Montenegro’s reform process as it advances on its European path. It’s also at the heart of the UK’s partnership with Montenegro and our commitment to the wider Western Balkans.

Judicial independence is not only a legal principle, but it is the foundation of public trust in democratic institutions. The UK continues to support Montenegro’s efforts to strengthen the rule of law as part of a shared vision for a more stable, resilient, and prosperous region.

A shared commitment to the rule of law

On 21 June 2025, the British Embassy was proud to support a major conference hosted by the Supreme Court of Montenegro and the AIRE Centre, with the support of the European Union Delegation, marking the 80th anniversary of the Supreme Court of Montenegro.

The event brought together the judiciary, ministers, officials, Montenegrin and international experts, and partners to reflect on how courts can strengthen public confidence through greater transparency, openness, and effective communication.

The UK was honoured to be represented by Lord Reed of Allermuir, President of the UK Supreme Court, who shared the UK’s experience and reflections on judicial communication, media engagement, and public accessibility.

The UK’s ongoing support for judicial reform in Montenegro

The UK’s partnership with Montenegro’s judiciary builds on a long history of collaboration, supporting training, initiatives for judicial integrity and transparency, and practical cooperation between courts. These efforts complement Montenegro’s reform priorities.

We remain committed to supporting the development of strong, independent, and trusted institutions that are accountable to citizens and essential for democracy and stability.

Lord Reed’s Speech

I am honoured to have been invited to address you. I know that this year – indeed, this month – is the 80th anniversary of the establishment of the Supreme Court of Montenegro. This is a time to celebrate its success and its achievements, and also a time to reflect on how our society has changed over that period and is continuing to develop, and on how the Montenegrin Supreme Court, and other courts, should respond to those changes. I have very much in mind the efforts being made to strengthen judicial independence, efficiency and public trust which I understand are being undertaken.

I have been asked to speak about transparency and communication. I want to begin with two fundamental questions. First, what do we mean when we talk about transparency in relation to courts? I would suggest that it means that the court and its work are open and visible to the public. In today’s society, that requires more than just allowing public access into court buildings, although that is a part of it. It also means making the work of the court accessible to the public, and having effective means of communication between the court and the public.

My second question is even more fundamental: why does transparency matter? There are a number of reasons, but I would emphasise one in particular. If you ask why the public accept decisions made by the judiciary, the answer, I would suggest, depends on confidence or trust. And trust depends on openness and effective communication with all parts of the community we serve. In the UK, a recent study found that public trust in the Supreme Court is closely connected to knowledge about its work; and public knowledge depends on transparency and communication.

So, considering transparency first, in the UK we normally have oral hearings in all cases, and they normally take place in public. Members of the public are encouraged to step inside the Supreme Court to watch our hearings and tour our court rooms. We are to some extent a visitor attraction. We have around 100,000 visitors a year, and our court rooms are usually busy with visitors. We have an exhibition area, where visitors can learn more about the court and its case law, and a public café. We also hold open days when more of the building is open to the public. We bear in mind that accessibility includes accessibility to children, and to people with special needs. For example, we hold tours for people with hearing problems, using sign language.

In addition, in the Supreme Court and the Court of Appeal, hearings are live streamed online, subject to a short delay in case anything confidential is accidentally mentioned. They are also made available afterwards on the court’s website and on YouTube. The Supreme Court also live streams the delivery of judgments, when the judge who has written the lead judgment gives a short explanation to camera of the court’s decision in accessible language. During the last financial year, around 750,000 viewers watched our cases and judgments on our website, and footage was also used on television and on media websites, under contractual terms set by the court in order to prevent misuse.

This has been a great help in our most controversial cases. For example, in a case concerned with a challenge to the way the government was proceeding with the UK’s withdrawal from the European Union, highlights of the hearing were shown on the television news, and were analysed by experts in much the same way as football matches, with replays of the most important moments. When we gave our judgment recently in a controversial case concerned with issues of gender, footage of the delivery of the judgment was shown on the television news. This helped to improve public understanding of what the court was deciding, and to raise the level of confidence that the judges were focused on issues of law and not on controversial political questions.

Televising hearings requires some thought where jurisdictions have a primarily written procedure. For example, in 2023 the French Cour de Cassation decided there was a need to be more transparent, and started to broadcast its hearings. However, the judges of that court were not accustomed to participating in the hearing and sat in silence during the advocates’ oral arguments. I have been told that the court then came under some criticism as members of the public gained the impression that the judges were not engaged in the issues that were the subject of the hearings. Careful consideration should therefore be given to how oral proceedings might be conducted if they are to be broadcast. One possibility is to follow the approach adopted by the European Court of Human Rights, where Grand Chamber hearings are live streamed. In those proceedings, the advocates present their arguments without interruption from the judges. However, at the end of their oral argument the judges then pose questions, after which the advocates are given time to consult with their legal team before providing responses.

We have also adopted the practice, in some controversial cases, of making the most important case papers available through our website, unless publication should be withheld for reasons such as commercial confidentiality or national security, so that they can be viewed alongside the live stream of the hearing.

Considering communication next, most people draw their knowledge of the judiciary and their opinions about the courts from the media, but media coverage of the judiciary is not always accurate or well-informed. To address that problem, the UK Supreme Court employs an expert communications team and uses a number of means to inform the public about our work. We recognise that the court operates in a media environment in which journalists and bloggers are expected to provide an instant response to our decisions. So members of the communications team work with the journalists who cover our work to help them to report it accurately. Where a judgment is likely to attract media interest, they allow journalists to see the judgment and the press summary an hour before they are made public, on a confidential basis. We do not do this in the most sensitive cases, or where prior knowledge of the judgment could be abused. But the confidentiality of the briefing is enforced by our law of contempt of court, and has never been breached.

The communications team also work with the judges to help them to communicate with the public, especially in the summaries that are delivered in court and live streamed on the internet when decisions are announced, excerpts from which may appear on the television news. They help us to ensure, for example, that the language we use in our summaries is understandable by members of the public and, in cases which will be reported in the media, that there is a short sentence or two in our summary which can be played or quoted in the reports and which explains the essence of our decision. They also maintain our social media accounts, with X, Instagram and LinkedIn, which have about 400,000 followers.

We also try to connect with the general public through our education and outreach work. For example, we have established a scheme which gives pupils at schools across the UK, aged about 16 or 17, the opportunity to take part in a live question and answer session with a judge of the Supreme Court from their classroom, via the internet. This has proved to be very popular with schools, and it enables the court to make direct contact with ordinary young people in a positive way. I also give occasional media interviews, including interviews for social media podcasts, when I try to explain our work in ways that the public can understand. We also organise an online course on the Supreme Court in partnership with one of our universities. About 5000 members of the public have enrolled.

In the context of the UK, it has also been important for the Supreme Court to try to improve understanding in Parliament and in the government of the constitutional role of the courts. With the support of the Speaker of the House of Commons, the Supreme Court has engaged directly with all new Members of Parliament since our general election last year, providing each of them with materials explaining the rule of law and the constitutional role of the courts, taking part in question and answer sessions with Members of Parliament in private meetings, and encouraging them to visit the court and to meet justices and staff. We regard it as important to help politicians to understand the role of the courts, so that they support judicial independence and understand when we decide cases against the government, as sometimes happens.

In the context of the UK, it is also possible for the court to engage with the government in ways that encourage respect for judicial independence. There is generally a good understanding on both sides of the separation of powers. It has proved to be possible, in a context of mutual respect, to find ways of cooperating on projects of law reform and to encourage a sense that protecting the rule of law is a shared responsibility.

We also have an active programme to demonstrate that we are inclusive to all parts of our population, including ethnic and religious minorities. So we host visits from organisations supporting talented members of minority groups, and we offer internships at the court to young lawyers from disadvantaged backgrounds.

In conclusion, we all need to work to maintain public trust in the administration of justice. I am grateful that we can share ideas and learn from each other as we work to safeguard the rule of law, for the benefit of both our societies.

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Published 26 June 2025
MIL OSI United Kingdom –
June 27, 2025
MIL-OSI Russia: China to Remain Attractive for Global Economy – PM

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, June 26 (Xinhua) — Chinese Premier Li Qiang said Thursday that China’s economy will remain an attractive destination for the global economy in the long term, and the expanding scale and quality of China’s huge market will continue to pay big dividends, offering more trade and investment opportunities to countries.

Speaking at the opening ceremony of the 10th annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Li Qiang reiterated China’s commitment to expanding high-level opening-up to the outside world and continuing deep integration into the global economy, which promises to provide new development opportunities for all countries in the world. -0-

MIL OSI Russia News –

June 27, 2025
MIL-OSI Russia: Eurasian Goods and Trade Expo 2025 Opens in Xinjiang

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

URUMQI, June 26 (Xinhua) — The 2025 China Eurasian Commodity and Trade Expo opened Thursday in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, bringing together more than 2,800 enterprises and representatives from 50 countries and regions.

The current edition of the exhibition, which organisers say aims to deepen cooperation within Eurasia, is the largest in its history. Participants include government officials, diplomats, business associations and entrepreneurs from Central Asian countries, the African Union (AU), ASEAN and others. Notably, some AU member states, such as Ethiopia, Zambia, Comoros and Senegal, joined the event for the first time, signalling its growing global participation.

The event, with an indoor and outdoor exhibition area of 140,000 square meters, showcases key industries such as new energy, advanced manufacturing, textiles and food processing. The outdoor exhibition mainly features large-scale mechanical equipment, while the indoor exhibition halls showcase breakthroughs in artificial intelligence and low-altitude economy.

Fu Yunyan, head of Xinjiang’s International Expo Administration, said there were “many highlights,” including special areas to showcase cutting-edge technologies and more than 20 events to introduce new products. The five-day expo will feature more than 60 trade and investment sessions to find industry partners and promote projects.

As part of the China-Eurasia Expo, the event, which is being held for the fifth time, aims to expand Xinjiang’s high-level opening-up. -0-

MIL OSI Russia News –

June 27, 2025
MIL-OSI Russia: Saudi Arabia: Concluding Statement of the 2025 Article IV Mission
Source: IMF – News in Russian

June 26, 2025

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

Washington, DC: Saudi Arabia’s economy has demonstrated strong resilience to shocks, with non-oil economic activities expanding, inflation contained, and unemployment reaching record-low levels. While lower oil proceeds and investment-linked imports led to the emergence of twin deficits, external and fiscal buffers remain ample. A higher-than-budgeted fiscal stance in 2025 remains appropriate to prevent procyclicality that could exacerbate the growth impact of lower oil prices. Addressing strong credit growth and associated funding pressures will be crucial in mitigating risks to systemic financial stability. Given the current heightened global uncertainty, continued efforts on structural reform are essential to sustain non-oil growth and drive economic diversification.

RECENT ECONOMIC DEVELOPMENTS[1]

Saudi Arabia’s economy has been resilient to shocks. In 2024, non-oil real GDP grew by 4.2 percent, primarily driven by private consumption and non-oil private investment, with retail, hospitality, and construction leading growth. Repeated extensions of the OPEC+ production cuts have kept oil output at 9 million barrels per day (mb/d)—the lowest level since 2011— resulting in a 4.4 percent decline in oil GDP and an overall real growth rate of 1.8 percent. The composite PMI indicates sustained activity in Q1 2025, with the latest Q1 GDP estimate showing non-oil activities expanding by 4.9 percent year-on-year.

The labor market’s strong momentum continues. The unemployment rate for Saudi nationals has declined to a record low of 7 percent in 2024, surpassing the original Vision 2030 target, which has now been revised down to 5 percent. The improvement is broad-based, with both youth and female unemployment halved over a four-year period. Private sector employment surged by 12 percent on average in 2024, while public sector hiring continued to slow, reflecting a redeployment to non-government entities.

Inflation is contained as rent inflation decelerates. Despite a small pick-up to 2.3 percent in April 2025, headline inflation remains low, helped by high real interest rates. Declining prices for transport and communication helped offset housing rent inflation, which has decelerated for the 6^th consecutive month to 8.1 percent y-o-y (the lowest annual rise since February 2023). Real wages have remained stable, albeit with some pickup for highly skilled workers.

The current account shifted to a narrow deficit, transitioning from a surplus of 2.9 percent of GDP in 2023 to a deficit of 0.5 percent of GDP in 2024. This shift mainly reflects a decline in oil export proceeds, higher imports of machinery and equipment, and stronger remittance outflows—factors that more than offset a surge in tourism inflows. The current account deficit has been financed through external borrowing and reduced FX asset accumulation. As a result, the Saudi Central Bank’s (SAMA) net foreign assets (NFA) holdings stabilized at $415 billion by end-2024—equivalent to 15 months of imports and 187 percent of the IMF’s reserve adequacy metric.

While spending overruns increased the overall fiscal deficit, the fiscal stance—as measured by the non-oil primary balance—showed a slight improvement in 2024. Additional expenditures related to project financing—partly linked to an accelerated implementation of Vision 2030—and flat oil revenue widened the overall fiscal deficit to 2.5 percent of GDP, approximately 0.8 percentage points above the budgeted target. However, driven by stronger non-oil revenue, the non-oil primary deficit improved, decreasing by 0.6 percentage points of GDP in 2024 compared to 2023. Central government debt rose to 26.2 percent of GDP as Saudi Arabia became the largest emerging market dollar debt issuer in 2024. However, Saudi Arabia remains amongst the lowest indebted nation globally and net debt is relatively low at approximately 17 percent of GDP.

ECONOMIC OUTLOOK AND RISKS

Robust domestic demand—including from government-led projects—will continue to drive growth despite heightened global uncertainty and a weakened commodity price outlook. Non-oil real GDP growth is projected at 3.4 percent in 2025, about 0.8 percentage points lower than in 2024. This reflects the continued implementation of Vision 2030 projects through public and private investment, as well as strong credit growth, which would help sustain domestic demand and mitigate the impact of lower oil prices. The direct impact of rising global trade tensions is limited, as oil products—comprising 78 percent of Saudi Arabia’s goods exports to the U.S. in 2024—are exempt from U.S. tariffs, while non-oil exports to the U.S. only account for 3.4 percent of Saudi Arabia’s total non-oil exports. Over the medium term, domestic demand—including momentum ahead of Saudi Arabia’s hosting of large-scale international events—is expected to push non-oil growth closer to 4 percent in 2027 before stabilizing at 3.5 percent by 2030. Supported by the OPEC+ production cut phase-out schedule, overall GDP growth will accelerate to 3.5 percent in 2025 and 3.9 percent in 2026 before stabilizing at approximately 3.3 percent over the medium term.

Inflation would remain anchored around 2 percent, supported by a credible peg to the U.S. dollar, domestic subsidies, and an elastic supply of expatriate labor, notwithstanding a projected moderate positive output gap over the medium term. Imported inflation from increased tariffs worldwide is expected to remain contained.

The external position will weaken. Investment-linked imports and remittance outflows from an expanding expatriate labor force are expected to widen the current account deficit, which is projected to peak at about 3.9 percent of GDP by 2027 before converging to about 3.4 percent of GDP in 2030. Rising non-oil exports and robust inbound tourism will have a partial offsetting effect. The deficit will be increasingly financed through deposit drawdowns, less FX asset accumulation abroad, and external borrowing. International reserve coverage would remain adequate at about 11-12 month import coverage over the medium term, with foreign assets held by the Public Investment Fund (PIF) and other government-related entities offering strong additional buffers.

Risks to the outlook are mainly to the downside. Weaker oil demand, driven by heightened uncertainty, an escalation of global trade tensions, and deepening geoeconomic fragmentation could dampen oil proceeds. This, in turn, would lead to higher fiscal deficits and debt and costlier financing. An abrupt decrease in spending by the government (including projects recalibration below its baseline) or a slowdown in reform implementation in response to lower oil prices could further hinder private investment growth. Conversely, higher-than-expected oil production/prices and accelerated implementation of reforms could yield stronger or earlier-than-expected growth dividends.

POLICIES

Fiscal Policy

The 2025 fiscal stance—resulting in a deficit twice the budget target—remains appropriate. Given past overruns and the ongoing transformational projects tied to Vision 2030, staff anticipates higher current expenditures than budgeted. Combined with lower oil prices and minimal performance-linked dividends from Aramco, this will bring the overall fiscal deficit to 4.3 percent of GDP. However, this outcome still represents a 3.6 percentage points of non-oil GDP improvement in the non-oil primary balance, effectively frontloading part of the adjustment required by 2030 to uphold intergenerational equity. Given the upfront adjustment and ample fiscal buffers available, staff believes that additional spending restraint in 2025—triggered by lower-than-budgeted oil prices—is not necessary as it would make fiscal policy procyclical and exacerbate the impact on growth.

Over the medium term, the overall fiscal deficit is expected to narrow. After peaking at 4.3 percent of GDP in 2025, it will decline to approximately 3.3 percent of GDP by 2030, driven by ongoing wage bill containment and spending efficiency measures. Under this baseline scenario, the non-oil primary deficit would shrink by about 4.2 percent of non-oil GDP from 2025 to 2030. The fiscal deficit would primarily be financed by borrowing, including through debt issuances, syndicated loans or facilities from export credit agencies, leading to an increase in the public debt-to-GDP ratio to about 42 percent by 2030.

A gradual fiscal consolidation will remain necessary over the medium term to achieve intergenerational equity. To avoid disruptive adjustments and build buffers, an additional 3.3 percent of non-oil GDP must be generated over the 2026-30 period, mainly through:
- Non-oil revenue mobilization. Plans to increase the tax rate on underdeveloped land, introduce a tax on vacant land, and broadening the VAT base (e.g., for e-commerce transactions) are welcome. Additional efforts—including through new tax policy measures and continued efforts to strengthen revenue administration—would be needed. The temporary tax penalty waiver introduced repeatedly since Covid, should not be renewed when it expires in June as it fuels moral hazard and could undermine compliance.
- Removing energy subsidies. Staff welcomes the ongoing energy price adjustments—including a doubling of diesel prices since January 2024—which combined with lower international oil prices have reduced fuel subsidies to 3½ percent of GDP (down from 5½ percent in 2022). With retail fuel prices closer to international oil prices and the envisaged scaling up of the well-targeted Damaan social support program, efforts should be accelerated to reduce energy subsidies, including by removing the cap on gasoline prices.
- Rationalizing other spending. The mission welcomes ongoing spending reviews—including recent assessments on project execution by various government entities—to identify areas for potential savings and efficiency gains. Further rationalization should prioritize reducing current expenditures with a low fiscal multiplier, while preserving medium-term, growth-enhancing infrastructure plans. Greater transparency on how spending prioritization and recalibration aligns with the authorities’ announced investment plans will support investor confidence.
Given the high global uncertainty, staff welcomes the authorities’ contingency planning to safeguard fiscal sustainability in the event of a severe shock. In a scenario where oil prices decline significantly, a more aggressive fiscal consolidation strategy would be necessary. Identifying and prioritizing projects that can be extended or cut, if further adjustments are required, represents a prudent approach to maintaining fiscal sustainability. Staff recommends a partial drawdown of fiscal buffers in the event of a temporary oil price shock, which would help smooth the transition to a steady state and mitigate the impact of short-term oil price fluctuations.

Sustaining the authorities’ ongoing efforts to strengthen fiscal institutions will be crucial in supporting the fiscal adjustment and Saudi Arabia’s Vision 2030 objectives. Enhancing the Medium-Term Fiscal Framework remains a priority, particularly through better integration of its multiyear projections into annual budget preparations to align spending ceilings with fiscal forecasts, including commitments from multi-year contracts. Operationalizing and ensuring compliance with an expenditure-based fiscal rule would help anchor the fiscal stance over the medium term.

Prudent debt management and a proper sovereign asset liability management (SALM) framework becomes increasingly important in a lower oil price environment. The mission encourages the authorities to assess the complex trade-offs between making greater use of central government deposits (currently at around 9¼ percent of GDP) and new bond issuances. The mission also supports the ongoing efforts toward operationalizing a comprehensive SALM framework to enhance the oversight of sovereign balance sheet exposures, which publication alongside the budget statement would support the drive for greater transparency and provide additional tools for fiscal policy analysis and formulation. Additionally, contingent liabilities—such as financing obligations for giga projects, debt guarantees, and Public-Private Partnerships—should be closely monitored.

Monetary and Exchange Rate Policy

SAMA has continued to refine its liquidity management framework to help reduce overall liquidity volatility. Bank funding conditions in Saudi Arabia are influenced by persistently strong double-digit credit growth, with periodic spikes in the SAIBOR-SOFR spread reflecting episodes of liquidity pressures. SAMA’s standard market-based monetary operations should continue to remain focused on smoothing short-term liquidity imbalances without fueling asset/credit growth. The recent data-sharing arrangement between SAMA and the Ministry of Finance regarding expected government transactions is anticipated to improve the accuracy of liquidity forecasting and should be effectively implemented. Additionally, further enhancements to the reserve requirement framework would strengthen effective liquidity management and monetary policy transmission.

The currency peg to the U.S. dollar remains appropriate. It has provided a credible anchor for monetary policy and is backed by ample external buffers. With an open capital account, it is essential that SAMA’s policy rate continues to align with the Fed’s policy rate.

Financial Sector Policies

The banking sector remains resilient, demonstrating strong capitalization and profitability despite rising funding costs. As of end-2024, the sector’s solvency ratio stood at 19.6 percent. Despite higher funding costs—driven by the increasing share of time and saving deposits—bank profitability is high, with an average return on assets of 2.2 percent in 2024. Non-performing loans have reached their lowest levels since 2016, reinforcing overall financial stability. Liquidity indicators are adequate and within regulatory thresholds, although the ratio of liquid assets to short-term liabilities has been declining, and the regulatory loan-to-deposit ratio has been on an upward trend.

Strong credit growth is leading to funding pressures and a change in the funding mix of Saudi banks. As credit growth—mostly to corporates and for mortgages—outpaces deposit growth, banks diversify their liabilities by increasing reliance on other forms of financing, especially external borrowings in the form of bonds, bilateral or syndicated loans, and certificates of deposit. High external borrowing turned banks’ Net Foreign Assets (NFA) negative in 2024 for the first time since 1993. This trend is expected to continue in the near term as several banks are in the process of securing additional external funding. However, banks’ exposure to foreign exchange risk remains low.

Addressing strong credit growth and associated funding pressures would help mitigate risks to systemic financial stability. The mission welcomes SAMA’s ongoing efforts to review its existing prudential toolkits to counter risks stemming from persistent double-digit credit growth amid a credit-to-deposit growth gap and the increased resort to short-term external wholesale funding. As loan demand is expected to remain high relative to deposit-based funding, setting prudential requirements commensurate with the evolving risks is essential. In that regard, the mission welcomes the introduction in May 2025 of a 100 basis points countercyclical capital buffer, which will be effective within a year. Vulnerabilities would be further mitigated by: (i) narrowing loan-to-value and debt burden ratios, which remain elevated relative to international standards; and (ii) tightening loan-to-deposit ratio to discourage excessive short-term foreign exchange funding. The mission welcomes SAMA’s proactive approach to monitoring the Liquidity Coverage Ratio and Net Stable Funding Ratio in foreign currency and encourages consideration of setting these ratios as regulatory requirements, should circumstances warrant.

SAMA’s continued efforts to enhance regulatory and supervisory frameworks are commendable. The new Banking Law has been submitted for legislative approval, a risk-based supervisory framework is being refined, and a monitoring system has been introduced for large construction and infrastructure projects. Additionally, SAMA’s bank resolution function is being operationalized. The authorities have also made good progress in establishing a crisis management framework that includes an emergency liquidity assistance framework, which should be completed without undue delay. Furthermore, improvements in enhancing the effectiveness of AML/CFT supervision—including through thematic inspections—are welcome.

Deepening the capital market is essential to help diversify funding and reduce reliance on bank financing. Although the capital market remains dominated by the large government-related issuers and the trading volumes are low, the recent and ongoing initiatives, such as the Investment Law that came into effect in February 2025 and the ongoing pension and savings reforms, should improve market liquidity and increase foreign participation in the Saudi capital markets. Greater use of asset-backed securities will create a new asset class and contribute to expanding funding in the banking system. The deepening of the domestic capital markets would also help improve the monetary policy transmission mechanism.

Structural Policies

The current environment of heightened uncertainty underscores the importance of continued structural reform efforts to sustain non-oil growth and economic diversification. Since 2016, Saudi Arabia has implemented significant and wide-ranging reforms, particularly in business regulations, governance, labor and capital markets. Several new laws that took effect in 2025—including the updated Investment Law, Labor Law amendments, and the new Commercial Registration Law—will enhance contractual certainty for investors and businesses, while also supporting productivity gains.

The reform momentum should continue irrespective of oil price developments. Ongoing work to strengthen the anti-corruption framework—including by building on the recent Ultimate Beneficial Ownership Rules and By Laws of Nazaha—remains crucial. Equally important is enhancing human capital by aligning the skills of Saudi nationals with evolving labor market needs, improving access to finance and fostering digitalization, all of which are key to advancing the Kingdom’s economic diversification goals that are further enhanced with the integration of AI in government services. In addition to stronger fiscal institutions, pursuing these reforms will help Saudi Arabia build further resilience to oil price volatility.

Targeted interventions through industrial policies should complement—not replace— structural reforms and must avoid crowding out private sector investment. Interventions by the PIF and public entities should continue to focus on areas where private investment is limited, market failures exist, or where they can play a catalytic role in attracting private capital, rather than potentially displacing domestic and foreign investors. Industrial Policies should have clear exit criteria, claw-back mechanisms, and sunset clauses, to ensure they do not remain in place beyond their intended objective.

**************************

The mission team would like to thank the Saudi Arabian authorities and the people they met outside the government sector for their close collaboration, candid and informative discussions, and warm hospitality.

[1] Numbers referred in percent of GDP are based on the authorities’ new rebasing GDP published in May 2025. The new methodological update is generally consistent with international best practices and the UN’s system of national accounts,

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Wafa Amr

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2025/06/25/saudi-arabia-concluding-statement-of-the-2025-article-iv-mission

MIL OSI
MIL OSI Russia News –
June 27, 2025
MIL-OSI: Reliance Global Group Highlights Strong Q1 Results from Spetner Associates
Source: GlobeNewswire (MIL-OSI)

LAKEWOOD, NJ, June 26, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”) today highlighted the strong preliminary unaudited financial results of Spetner Associates, Inc. (“Spetner”) for the first quarter ended March 31, 2025. As previously announced, Reliance has entered into a definitive agreement to acquire Spetner, and the transaction continues to advance toward closing.

Spetner’s Q1 2025 Financial Highlights (Unaudited):
- Revenue increased by more than 95% year-over-year to approximately $5.16 million, compared with $2.64 million in Q1 2024.
- Operating income margin grew by 29% year-over-year to 74% from 46% in Q1 2024.
- Net income grew by 220% to approximately $2.98 million, more than triple the approximately $0.9 million reported for Q1 2024.
- Cash flows from operating activities increased by 112% to $2.6 million, more than double the $1.2 million generated in Q1 2024.
Ezra Beyman, CEO of Reliance Global Group, commented, “We’re thrilled with Spetner’s impressive first quarter results, illustrating full alignment with our strategy of acquiring and integrating high-performing cash-generating synergistic insurance distribution platforms. Combined with Reliance’s scalable operating model and technology-driven platform, the combined organization will be well positioned to generate consistent significant profits, returns and cash flows.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:
- Our expectation that the acquisition of Spetner Associates, Inc. will close as planned or at all and continue to advance toward completion, including obtaining any necessary regulatory or shareholder approvals;
- Our objective to acquire and integrate high-performing, cash-generating synergistic insurance distribution platforms that align with our scalable, technology-driven model to drive shareholder value;
- Our intention to pursue disciplined, accretive growth opportunities across the InsurTech and insurance agency sectors; and
- Other statements regarding our plans, strategies, expectations and intentions concerning future operations, financial performance, and service offerings of either us, Spetner or the potentially combined company thereof.
These forward-looking statements are based on a number of assumptions, including the assumptions that: the LOI will not be terminated prior to execution of definitive purchase agreements; due diligence and documentation negotiations will proceed without material adverse findings; the Fortman sale and the Spetner acquisition will both close as expected; our revenue and EBITDA projections for Spetner are attainable; integration risks will be managed successfully; and there will be no material adverse changes in market, economic or regulatory conditions affecting our businesses. There can be no assurance that any of these assumptions will prove correct.

There are numerous risks and uncertainties that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These include, among others: the risk that the Fortman buyer may withdraw or renegotiate the terms of the LOI; delays or failure to complete either the Fortman sale or the Spetner acquisition; unanticipated liabilities or integration challenges in connection with Spetner; our inability to realize the projected revenue or EBITDA benefits; competition in the InsurTech and agency brokerage industry; changes in insurance regulation or Nasdaq listing requirements; general economic or financial market conditions; and the other risks and uncertainties described in the “Risk Factors” section of our Registration Statement on Form S-1 and our periodic reports filed with the Securities and Exchange Commission.

You should carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and the other reports we have filed or will file with the SEC for a more complete discussion of risks and uncertainties. tExcept as required by law, Reliance Global Group, Inc. disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com

The MIL Network –
June 27, 2025
MIL-OSI: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell

Source: GlobeNewswire (MIL-OSI)

NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), a global asset management firm recognized for its innovative investment solutions, celebrated the launch of the KraneShares Global Humanoid and Embodied Intelligence Index ETF (Ticker: KOID). The historic event featured the first-ever humanoid robot to ring the iconic Nasdaq Opening Bell.

“We are thrilled to bring the first humanoid to ring the opening bell at Nasdaq to celebrate our Global Humanoid ETF: KOID,” said Jonathan Krane, CEO of KraneShares. “This event is a testament to the rapid advancements in robotics and artificial intelligence that could transform our world.”

Humanoid robots are already demonstrating impressive performance in human tasks in both factory and home settings. The Morgan Stanley Global Humanoid Model projects that there could be 1 billion humanoids and $5 trillion in annual revenue by 2050.¹

“Today’s historic bell ringing by a humanoid robot marks a new era for investing in robotics and AI,” said Giang Bui, Head of Equities and ETFs at Nasdaq. “Nasdaq is proud to support KraneShares and the launch of KOID as we celebrate innovation at the heart of global finance.”

The humanoid robot featured in the bell-ringing ceremony is the Unitree G1 Ultimate, supplied by RoboStore, the official partner of Unitree. RoboStore has been collaborating with Unitree for several years to drive the distribution and development of robotics within the U.S. education system.

“Robotics, especially humanoids, are on the verge of widespread adoption. The people accelerating this shift include educators and research teams like OpenMind, a Stanford-based group developing open-source robotics software,” said Teddy Haggerty, a representative from RoboStore. “Our goal at RoboStore is to get this technology into the hands of major universities, empowering the next generation of innovators.”

RoboStore and OpenMind jointly customized the robot, named “Iris,” for the occasion. Iris runs on OM1, OpenMind’s open-source operating system for embodied artificial intelligence, demonstrating advanced autonomy and human interaction. OM1 is set to be integrated into educational curricula nationwide through RoboStore’s programs.

The Nasdaq Opening Bell Ringing by a Humanoid Robot was a first for the exchange and a testament to the growing impact of robotics across industries.

For more information on the KraneShares Global Humanoid and Embodied Intelligence Index ETF (Ticker: KOID), please visit https://kraneshares.com/koid or consult your financial advisor.

About KraneShares

KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

Citations:

1. “Humanoids: 1bn Robots and $5tn Revenues by 2050, China is in Pole Position” Morgan Stanley Research, 4/28/2025.

Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting www.kraneshares.com/koid. Read the prospectus carefully before investing.

Risk Disclosures:

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. The Fund is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. The Fund may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as the Fund increases in size, the impact of IPOs on the Fund’s performance will generally decrease.

Neither MerQube, Inc. nor any of its affiliates (collectively, “MerQube”) is the issuer or producer of KraneShares Global Humanoid & Embodied Intelligence Index ETF (the “Fund”) and MerQube has no duties, responsibilities, or obligations to investors in The Fund. The index underlying the The Fund is a product of MerQube and has been licensed for use by Krane Funds Advisors, LLC and its affiliates. Such index is calculated using, among other things, market data or other information (“Input Data”) from one or more sources (each a “Data Provider”). MerQube^® is a registered trademark of MerQube, Inc. These trademarks have been licensed for certain purposes by Krane Funds Advisors, LLC and its affiliates in its capacity as the issuer of the The Fund. The Fund is not sponsored, endorsed, sold or promoted by MerQube, any Data Provider, or any other third party, and none of such parties make any representation regarding the advisability of investing in securities generally or in The Fund particularly, nor do they have any liability for any errors, omissions, or interruptions of the Input Data, MerQube Global Humanoid and Embodied Intelligence Index, or any associated data. Neither MerQube nor the Data Providers make any representation or warranty, express or implied, to the owners of the shares of The Fund or to any member of the public, of any kind, including regarding the ability of the MerQube Global Humanoid and Embodied Intelligence Index to track market performance or any asset class. The MerQube Global Humanoid and Embodied Intelligence Index is determined, composed and calculated by MerQube without regard to Krane Funds Advisors, LLC and its affiliates or the The Fund. MerQube and Data Providers have no obligation to take the needs of Krane Funds Advisors, LLC and its affiliates or the owners of The Fund into consideration in determining, composing or calculating the MerQube Global Humanoid and Embodied Intelligence Index. Neither MerQube nor any Data Provider is responsible for and have not participated in the determination of the prices or amount of The Fund or the timing of the issuance or sale of The Fund or in the determination or calculation of the equation by which The Fund is to be converted into cash, surrendered or redeemed, as the case may be. MerQube and Data Providers have no obligation or liability in connection with the administration, marketing or trading of The Fund. There is no assurance that investment products based on the MerQube Global Humanoid and Embodied Intelligence Index will accurately track index performance or provide positive investment returns. MerQube is not an investment advisor. Inclusion of a security within an index is not a recommendation by MerQube to buy, sell, or hold such security, nor is it considered to be investment advice.

NEITHER MERQUBE NOR ANY OTHER DATA PROVIDER GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE MERQUBE GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX OR ANY DATA RELATED THERETO (INCLUDING DATA INPUTS) OR ANY COMMUNICATION WITH RESPECT THERETO. NEITHER MERQUBE NOR ANY OTHER DATA PROVIDERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. MERQUBE AND ITS DATA PROVIDERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND THEY EXPRESSLY DISCLAIM ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY KRANE FUNDS ADVISORS, LLC AND ITS AFFILIATES, OWNERS OF THE THE FUND, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE MERQUBE GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL MERQUBE OR DATA PROVIDERS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THE FOREGOING REFERENCES TO “MERQUBE” AND/OR “DATA PROVIDER” SHALL BE CONSTRUED TO INCLUDE ANY AND ALL SERVICE PROVIDERS, CONTRACTORS, EMPLOYEES, AGENTS, AND AUTHORIZED REPRESENTATIVES OF THE REFERENCED PARTY.

Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration.

A large number of shares of the Fund are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. KOID is non-diversified.

ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

Contact:
KraneShares Investor Relations
info@kraneshares.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ceb61dcd-df25-411a-a2fb-a19d618441cc

The MIL Network –

June 27, 2025
MIL-OSI: 3D Systems Advances Regenerative Medical Solutions for First-of-its-Kind Peripheral Nerve Repair
Source: GlobeNewswire (MIL-OSI)
- Collaboration with French MedTech company, TISSIUM, has resulted in FDA approval for unique 3D-printed polymeric solution for repair of peripheral nerve damage
- 3D Systems’ bioprinting system enabled production of a 3D-printed bioabsorbable medical device leveraging TISSIUM’s proprietary biomorphic programable polymers—a major industry milestone that sets new standard for high resolution elastomeric 3D-printed medical implants
- Builds on 3D Systems’ pioneering work to develop additive manufacturing solutions for regenerative medicine applications
- 3D Systems’ solutions accelerating additive manufacturing use in bioprinting—total market anticipated to reach more than $2 billion by end of 2029
ROCK HILL, South Carolina, June 26, 2025 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE: DDD) announced that its 3D bioprinting technologies have enabled FDA approval for the regenerative repair of peripheral nerve damage. For the last several years, 3D Systems has partnered with TISSIUM, a French MedTech company that is a pioneer in the development of biomorphic programmable polymers for tissue reconstruction, to develop a bespoke 3D printing solution for the repair of damaged peripheral nerves. Combining TISSIUM’s expertise and proprietary biomorphic programable polymers with 3D Systems’ ground-breaking regenerative medicine bioprinting technologies has resulted in the successful development of a fully bioabsorbable 3D-printed medical device for nerve repair utilizing a unique photopolymer. This device, called COAPTIUM^® CONNECT with TISSIUM Light, is a first-of-its-kind, atraumatic, sutureless solution for the repair of peripheral nerves. Earlier this week, TISSIUM announced that the U.S. Food and Drug Administration (FDA) has granted De Novo marketing authorization for this solution. This milestone validates the polymer’s clinical potential and paves the way for its use across a broad spectrum of transformative applications. Its unique polymer characteristics enable the production of high-resolution, elastomeric biodegradable implants that are unique in the industry.

“This is a significant advancement in patient care,” said Scott Turner, vice president, advanced systems, 3D Systems. “It has been tremendously rewarding to work alongside the talented team at TISSIUM to design a complete 3D bioprinted solution that offers the potential for patients to recover from peripheral nerve damage. I truly believe this will redefine treatment paradigms and offer hope to individuals that have suffered from the effects of nerve damage in regaining their quality of life.”

This milestone is yet another proof point of 3D Systems’ nearly decade-long leadership position in bioprinting. In 2017, 3D Systems entered into a joint development program with United Therapeutics Corporation, the goal of which is to establish an unlimited supply of human lungs, requiring no immunosuppression, allowing all patients with end-stage lung disease to receive transplants which will enable them to enjoy long and active lives. 3D Systems has focused primarily on establishing the 3D printing technology to produce scaffolds meeting the extreme precision and resolution requirements for a functional human lung and to do so in a manner that yields the physical, mechanical, and biocompatibility performance to influence cell behavior and reproduction required for extended use in the human body. Its Print to Perfusion™ process enables 3D printing of high-resolution scaffolds, which can be perfused with living cells to create tissues. Through the combination of bioprinting technology, biocompatible 3D printing materials, and a broad range of cell types including patient-derived cells, the Company’s biomedical engineers can construct patient-specific living tissues.

“Over the past several years, we have made phenomenal progress building upon Chuck Hull’s invention of 3D printing, and pushing its capabilities into new frontiers,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “Whether in our medical device business through the production of patient-specific implants and surgical solutions, or through the work our regenerative medicine team is doing, 3D Systems is making a profound impact not only on how healthcare is delivered, but on the quality of patients’ lives, and continues to solidify what I believe is an unparalleled role we play in advancing medicine with additive manufacturing applications. This latest accomplishment by TISSIUM, enabled by our unique 3D printing technology, is one more example of how 3D Systems is transforming patient care for a better future.”

According to Markets and Markets¹, the global 3D bioprinting market was valued at $1.3 billion in 2024, and is expected to reach $2.4 billion in 2029. Nearly 40 years ago, 3D Systems created the innovation of 3D printing and reimagined the approaches and processes for product development, parts manufacturing, and personalized healthcare through additive manufacturing solutions. The Company’s additive manufacturing solutions are transforming how healthcare is delivered. As a pioneer in personalized healthcare solutions, 3D Systems has worked with surgeons for over a decade to plan more than 150,000 patient-specific cases and additively manufacture more than two million implants and instruments for 100+ CE-marked and FDA-cleared devices from its world-class, FDA-registered, ISO 13485-certified facilities in Littleton, Colorado, and Leuven, Belgium. 3D Systems is leveraging this experience to innovate bioprinting technologies to transform patient care. By enabling the fabrication of living tissues, the Company believes its bioprinting technology will unlock the promise and potential — to develop new therapeutics, and to improve patient lives.

Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

About 3D Systems
For nearly 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

Investor Contact: investor.relations@3dsystems.com
Media Contact: press@3dsystems.com

¹ Markets and Markets, 3D Bioprinting Market: Growth, Size, Share, and Trends (May 2024).

The MIL Network –
June 27, 2025
MIL-OSI: Increasing Adoption of Drones in Commercial Sectors Leading to a Revolution in Big Data Cloud Services

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., June 26, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation. The increasing need to evaluate imagery is a key factor driving the adoption of drone imagery software and cloud-based applications, which possess the ability to upload, share, store, and process aerial images. Moreover, there has been a steep increase in the use of cloud-based in-memory computing platform amongst businesses as it accelerates analytics, processes, and predictive capabilities. The global drone data service market size is expected to reach USD 15.05 billion by 2030, expanding at a CAGR of 39.0% through 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies. The report said: “By gathering information on a larger scale, service providers can now process unprecedented levels of detailed information and turn it into actionable information. UAV companies, such as PrecisionHawk, are transforming their business processes to enhance their focus on drone data processing rather than UAV manufacturing.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Safe Pro Group Inc. (NASDAQ: SPAI), Teledyne Technologies Incorporated (NYSE: TDY), and AgEagle Aerial Systems Inc. (NYSE: UAVS).

The article continued: The global drone data service market size is expected to reach USD 15.05 billion by 2030, expanding at a CAGR of 39.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies. The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation.

ZenaTech (NASDAQ:ZENA) Signs Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina. With over three decades of success serving government agencies, municipal governments, construction companies, and real estate developers, this strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.

“This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO. “We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”

The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.

ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management , there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

The company has closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the markets include:

TB2 Aerospace LLC, in collaboration with Draganfly Inc. (NASDAQ: DPRO), a drone solutions, and systems developer, recently said it is proud to announce the successful deployment and performance of the Drone Recharging Operational Payload System (DROPS) during the U.S. Army’s Sustainment Modernization Experiment 2025 (SMEX25).

Throughout SMEX25’s week-long field exercises, the DROPS system, integrated with Draganfly’s Commander 3XL, achieved a 100% success rate in autonomously deploying, recovering, and recharging TB2’s tactical resupply pods. The event provided an opportunity to validate real-world operational performance in austere and high-demand scenarios, drawing praise from defence evaluators and technology observers alike.

“The successful deployment of DROPS at SMEX25 underscores our commitment to advancing autonomous logistics solutions,” said Hank Scott, CEO of TB2 Aerospace. “Our system’s performance in a live operational environment validates its potential to revolutionize military tactical resupply and contested logistics.”

Safe Pro Group Inc. (NASDAQ: SPAI), a leader in AI-powered security solutions, is honored to recently be featured in a recent investigative piece by Grist Magazine, titled “How 3 Years of War Have Ravaged Ukraine’s Forests, and the People Who Depend on Them.”

Safe Pro AI is helping lead a critical technological response to one of the war’s deadliest and most enduring legacies: land mines and unexploded ordnance (UXO). Utilizing AI and drone-based remote sensing, Safe Pro is working alongside humanitarian organizations and government partners to rapidly detect, map, and facilitate the safer and more efficient removal of UXO. This technology can be especially valuable in areas where land mines have triggered catastrophic wildfires, endangering both people and the environment. According to a report published by the United Nations Economic Commission for Europe, Ukraine has experienced profound socio-economic disruption due to the conflict’s impact on key sectors including timber production with losses amounting to approximately €447.73 million. The primary damages involve the destruction of infrastructure, equipment, and substantial harm to protected natural areas, estimated at over €2.3 billion. Restoring this potential will require considerable effort and resources.

Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY) recently announced that its Black Hornet^® 4 Personal Reconnaissance System has successfully completed the required NDAA and cyber security verification process and been approved for the Blue UAS List with an Authority to Operate.

Led by the Defense Innovation Unit (DIU), Blue UAS vets and verifies commercial drone technology for the Department of Defense and U.S. government. The Blue UAS List gives users access to a wide range of drone systems that can meet their diverse needs. In February, Teledyne FLIR announced that Black Hornet 4 was selected by DoD operators from among more than 35 uncrewed aerial system (UAS) products, all rigorously tested during DIU’s ‘Blue UAS Refresh’ event.

“We are honored to see Black Hornet 4 added to the Blue UAS List, knowing that more operators across our military and federal government will be able to benefit from this one-of-a-kind drone and its distinct capabilities,” said Dr. JihFen Lei, president of Teledyne FLIR Defense. “DIU is filling a critical national need in meeting mission requirements by executing a more expansive Blue UAS program, and we have valued our partnership with them throughout the verification process.”

AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of two additional eBee X drones to South Korea, expanding the country’s installed base of AgEagle’s eBee drones to more than 100 units. This milestone strengthens AgEagle’s strategic partnership with South Korea and reinforces its position as a leader in the Asia-Pacific drone market.

The eBee X, AgEagle’s flagship fixed-wing mapping drone, is engineered for high-precision geospatial data collection and is ideally suited for applications including surveying, mapping, and photogrammetry. This latest sale builds on a well-established fleet, further strengthening AgEagle’s reputation as a trusted provider of cutting-edge unmanned aerial systems.

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SOURCE: FN Media Group

The MIL Network –

June 27, 2025
MIL-OSI: VERB’s MARKET.live Tapped to Produce Walmart Livestream for Popular Wellness Brand BelliWelli

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today announced its MARKET.live division will produce and host a high-profile Walmart livestream shopping event for gut-health brand BelliWelli.

The exclusive livestream will air on Walmart.com on Tuesday, July 1, 2025, at 4:00 PM PT, marking BelliWelli’s debut on the platform. The event will be broadcast live from MARKET.live Studios in Los Alamitos, California, utilizing MARKET’s full-service technical production team to deliver a premium livestream shopping experience.

Katie Wilson, Founder and CEO of BelliWelli, tapped MARKET.live to work with TalkShop Live who has traditionally produced Walmart livestream shopping events. Ms. Wilson will appear live from the MARKET.live studios for the event.

“We’ve worked with the MARKET.live team before and they always bring the energy, creativity, and technical excellence we need to execute big moments,” said Katie Wilson. “I couldn’t be more excited to bring our Walmart audience along for this exclusive launch — especially with a surprise mystery flavor!”

“We’re thrilled to support BelliWelli’s Walmart launch by producing the top-tier livestream experience our MARKET.live studio team delivers,” said Rory J. Cutaia, CEO of VERB. “This event with Walmart and BelliWelli is just part of the unprecedented ongoing growth our business is currently experiencing and reinforces our position as the go-to destination for brands looking to scale through interactive video social commerce.”

The event is part of a growing trend in retail, as major brands and retailers turn to livestream shopping to increase engagement and conversion rates, creating a more dynamic and personalized customer experience.

About VERB

Verb Technology Company, Inc. (Nasdaq: VERB), is transforming the landscape of social commerce, social telehealth and social crowdfunding with MARKET.live, LyveCom, VANITYPrescribed, GoodGirlRx, and the GO FUND YOURSELF TV Show. The Company operates multiple business units, each of which leverages the Company’s social commerce technology and video marketing expertise.

MARKET.live, together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize the Company’s proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and intelligent tools designed to optimize merchandising strategies and increase conversion rates.

GO FUND YOURSELF TV Show is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive national TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons.

VANITYPrescribed.com and GoodGirlRx.com are telehealth portals, intended to redefine telehealth by offering a seamless, digital-first experience that empowers individuals to take control of their healthcare needs. They were designed and developed to disrupt the traditional healthcare model by providing tailored healthcare solutions at affordable, fixed prices – without hidden fees, membership costs, or inflated pharmaceutical markups. GoodGirlRx.com, a partnership with Savannah Chrisley, a well-known lifestyle personality and advocate for health and wellness, offers customers access to convenient, no-hassle telehealth services and pharmaceuticals, including the new weight-loss drugs, with fixed pricing regardless of dosage, breaking away from the industry’s traditional model of excessive pricing and pharmaceutical gatekeeping.

The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity.

For more information, please visit: www.verb.tech

Follow VERB here:
Facebook: https://www.facebook.com/VerbTechCo
X: https://twitter.com/VerbTech_Co
LinkedIn: https://www.linkedin.com/company/verb-tech
YouTube: https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ
Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

FORWARD-LOOKING STATEMENTS
Statements contained in this press release that are not statements of historical fact are forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by words such as “anticipate,” “designed,” “expect,” “may,” “will,” “should” and other comparable terms. Forward-looking statements include statements regarding VERB’s intentions, beliefs, projections, outlook, analyses or current expectations and the other risk factors and other cautionary statements included in VERB’s Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. All forward-looking statements made in this press release speak only as of the date of this press release and are based on management’s assumptions and estimates as of such date. Except as required by law, VERB undertakes no obligation to update or revise forward-looking statements to reflect new information, future events, changed conditions or otherwise after the date of this press release.

Investor Relations Contact: investors@verb.tech
Media Contact: info@verb.tech

The MIL Network –

June 27, 2025
MIL-OSI: Syncfusion® Drives AI-Powered Automation in Its Customer Support Platform, BoldDesk®
Source: GlobeNewswire (MIL-OSI)

RESEARCH TRIANGLE PARK, N.C., June 26, 2025 (GLOBE NEWSWIRE) — Syncfusion^®, Inc., the enterprise technology provider of choice, today announced significant updates to BoldDesk^®, its customer service and help desk ticketing platform. This release includes new, AI-driven automation features that shorten response time, reduce manual work, and give developers greater control over customer-support data.

“BoldDesk began as an in-house project built by our own engineers to organize the daily support queue, and that personal experience shapes every iteration,” said Daniel Jebaraj, CEO of Syncfusion. “The latest enhancements focus on harnessing AI to do the busywork, while preserving the transparency, governance, and open-API flexibility support teams expect.”

These enhancements advance the BoldDesk Team’s goal to leverage AI for everyday support tasks and streamline agent workflows without adding complexity. The release centers on three themes: action-oriented AI; frictionless ticketing; and unified, omnichannel data. New features include:
- AI actions execute tasks for you: Copilot can cancel orders, update licenses, and call external APIs directly from a ticket or chat.
- AI-suggested replies in notifications: The AI can insert a context-aware suggestion into the automatic email sent to customers when they submit a ticket.
- Live chat speeds up conversations: AI-written summaries and subject lines and service-level agreement (SLA) timers help agents close chats faster.
- Drag-and-drop ticket forms: Group fields, preview attachments, and share links so agents reach the correct info faster.
- No-code workflows gain safeguards: New business-hour conditions and execution logs improve workflows. A new draft mode lets admins test automations before launch.
- Deeper integrations: Two-way Salesforce sync, new voice apps, and ticket automerging bring omnichannel context into a single view.
- Usage dashboards and new languages: AI-specific analytics, persistent layouts, and six additional UI languages show ROI and support global teams.
In addition to these updates, BoldDesk continues to deliver its signature value: unlimited agents for a single flat fee, ticket resolutions up to three times faster than siloed inboxes, and a centralized workspace that scales with growing teams. BoldDesk customers can enable these new features today from the platform’s admin center. For more information, visit bolddesk.com.

About Syncfusion, Inc.
Headquartered in the technology hub of Research Triangle Park, N.C., Syncfusion, Inc.^® delivers an award-winning ecosystem of developer control suites, embeddable BI platforms, and business software. Syncfusion was founded in 2001 with a single software component and a mission to support businesses of all sizes—from individual developers and start-ups to Fortune 500 enterprises. Though its pilot product, the Essential Studio^® suite, has grown to over 1,900 developer controls, its mission remains the same. With offices in the U.S., India, and Kenya, Syncfusion prioritizes the customer experience by providing feature-rich solutions to help developers and enterprises solve complex problems, save money, and build high-performance, robust applications.

Contact: Brittany Kearns
Phone: 571-271-7211
Email: brittany@crossroadsb2b.com

The MIL Network –
June 27, 2025
MIL-OSI: Syncfusion® Drives AI-Powered Automation in Its Customer Support Platform, BoldDesk®
Source: GlobeNewswire (MIL-OSI)

RESEARCH TRIANGLE PARK, N.C., June 26, 2025 (GLOBE NEWSWIRE) — Syncfusion^®, Inc., the enterprise technology provider of choice, today announced significant updates to BoldDesk^®, its customer service and help desk ticketing platform. This release includes new, AI-driven automation features that shorten response time, reduce manual work, and give developers greater control over customer-support data.

“BoldDesk began as an in-house project built by our own engineers to organize the daily support queue, and that personal experience shapes every iteration,” said Daniel Jebaraj, CEO of Syncfusion. “The latest enhancements focus on harnessing AI to do the busywork, while preserving the transparency, governance, and open-API flexibility support teams expect.”

These enhancements advance the BoldDesk Team’s goal to leverage AI for everyday support tasks and streamline agent workflows without adding complexity. The release centers on three themes: action-oriented AI; frictionless ticketing; and unified, omnichannel data. New features include:
- AI actions execute tasks for you: Copilot can cancel orders, update licenses, and call external APIs directly from a ticket or chat.
- AI-suggested replies in notifications: The AI can insert a context-aware suggestion into the automatic email sent to customers when they submit a ticket.
- Live chat speeds up conversations: AI-written summaries and subject lines and service-level agreement (SLA) timers help agents close chats faster.
- Drag-and-drop ticket forms: Group fields, preview attachments, and share links so agents reach the correct info faster.
- No-code workflows gain safeguards: New business-hour conditions and execution logs improve workflows. A new draft mode lets admins test automations before launch.
- Deeper integrations: Two-way Salesforce sync, new voice apps, and ticket automerging bring omnichannel context into a single view.
- Usage dashboards and new languages: AI-specific analytics, persistent layouts, and six additional UI languages show ROI and support global teams.
In addition to these updates, BoldDesk continues to deliver its signature value: unlimited agents for a single flat fee, ticket resolutions up to three times faster than siloed inboxes, and a centralized workspace that scales with growing teams. BoldDesk customers can enable these new features today from the platform’s admin center. For more information, visit bolddesk.com.

About Syncfusion, Inc.
Headquartered in the technology hub of Research Triangle Park, N.C., Syncfusion, Inc.^® delivers an award-winning ecosystem of developer control suites, embeddable BI platforms, and business software. Syncfusion was founded in 2001 with a single software component and a mission to support businesses of all sizes—from individual developers and start-ups to Fortune 500 enterprises. Though its pilot product, the Essential Studio^® suite, has grown to over 1,900 developer controls, its mission remains the same. With offices in the U.S., India, and Kenya, Syncfusion prioritizes the customer experience by providing feature-rich solutions to help developers and enterprises solve complex problems, save money, and build high-performance, robust applications.

Contact: Brittany Kearns
Phone: 571-271-7211
Email: brittany@crossroadsb2b.com

The MIL Network –
June 27, 2025
MIL-OSI: Cerence AI Powers In-Car Experience in Premier German Automaker’s New Electric Sedan

Source: GlobeNewswire (MIL-OSI)

BURLINGTON, Mass., June 26, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that its core technologies are supporting new agentic and generative AI capabilities in the next-generation of MBUX, rolling out first in the all-new and all-electric Mercedes-Benz CLA. Building on Cerence AI and Mercedes-Benz’s long-term collaboration, this first deployment of the fourth generation of MBUX, supporting advanced conversational capabilities within MBUX Virtual Assistant – as well as the first launch of the automaker’s MB.OS – marks an important milestone in the companies’ shared mission to deliver innovative, intelligent user experiences to Mercedes-Benz drivers.

Cerence AI and Mercedes-Benz are long-time partners on the MBUX infotainment system. For this program, Cerence AI collaborated closely with Mercedes-Benz global development network to develop the MBUX Virtual Assistant. Cerence’s AI solutions, including speech signal enhancement, cloud-based neural speech recognition, natural language understanding, and embedded neural text-to-speech, serve as the core input and output mechanisms across 25 languages, enabling seamless interaction across the platform’s agentic architecture. This includes the automaker’s new “living” avatar, which takes the form of the Mercedes-Benz star. In addition, Cerence AI enables MBUX to deliver more natural and empathetic interactions. Based on different facets of the user’s voice, the system has the capacity to respond in varying emotional speaking styles leveraging Cerence neural TTS.

“We greatly value our ongoing partnership with Mercedes-Benz and are proud of our joint effort to integrate our AI solutions, transforming the in-car experience for drivers and passengers around the world,” said Christian Mentz, Chief Revenue Officer, Cerence AI. “This project underscores our unique ability to meet automakers where they are – in this case, partnering closely with Mercedes-Benz to enhance customer choice for their drivers, leveraging the Cerence AI stack that supports the integration of a variety of services and agents.”

“As we continue to advance MBUX and the Virtual Assistant, we continue our collaboration with Cerence AI to leverage their ongoing innovation in core voice interaction technologies to bring enhanced intelligence and seamless interaction to our drivers,” said Andreas Biehl, Senior Manager Virtual Assistant & Infotainment Experience at Mercedes-Benz.

To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

About Cerence Inc.
Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

Contact Information
Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

The MIL Network –

June 27, 2025
MIL-OSI: Cerence AI Powers In-Car Experience in Premier German Automaker’s New Electric Sedan

Source: GlobeNewswire (MIL-OSI)

BURLINGTON, Mass., June 26, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that its core technologies are supporting new agentic and generative AI capabilities in the next-generation of MBUX, rolling out first in the all-new and all-electric Mercedes-Benz CLA. Building on Cerence AI and Mercedes-Benz’s long-term collaboration, this first deployment of the fourth generation of MBUX, supporting advanced conversational capabilities within MBUX Virtual Assistant – as well as the first launch of the automaker’s MB.OS – marks an important milestone in the companies’ shared mission to deliver innovative, intelligent user experiences to Mercedes-Benz drivers.

Cerence AI and Mercedes-Benz are long-time partners on the MBUX infotainment system. For this program, Cerence AI collaborated closely with Mercedes-Benz global development network to develop the MBUX Virtual Assistant. Cerence’s AI solutions, including speech signal enhancement, cloud-based neural speech recognition, natural language understanding, and embedded neural text-to-speech, serve as the core input and output mechanisms across 25 languages, enabling seamless interaction across the platform’s agentic architecture. This includes the automaker’s new “living” avatar, which takes the form of the Mercedes-Benz star. In addition, Cerence AI enables MBUX to deliver more natural and empathetic interactions. Based on different facets of the user’s voice, the system has the capacity to respond in varying emotional speaking styles leveraging Cerence neural TTS.

“We greatly value our ongoing partnership with Mercedes-Benz and are proud of our joint effort to integrate our AI solutions, transforming the in-car experience for drivers and passengers around the world,” said Christian Mentz, Chief Revenue Officer, Cerence AI. “This project underscores our unique ability to meet automakers where they are – in this case, partnering closely with Mercedes-Benz to enhance customer choice for their drivers, leveraging the Cerence AI stack that supports the integration of a variety of services and agents.”

“As we continue to advance MBUX and the Virtual Assistant, we continue our collaboration with Cerence AI to leverage their ongoing innovation in core voice interaction technologies to bring enhanced intelligence and seamless interaction to our drivers,” said Andreas Biehl, Senior Manager Virtual Assistant & Infotainment Experience at Mercedes-Benz.

To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

About Cerence Inc.
Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

Contact Information
Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

The MIL Network –

June 27, 2025
MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th
Source: GlobeNewswire (MIL-OSI)

Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

Key highlights from the most recent performance period include:
- Gross Online Sales surged 1100% driven by explosive customer demand.
- Average Order Value (AOV) increased 14% to $59.62.
- Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
- Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
- Website traffic jumped 4500%, amplifying visibility and brand discovery.
- 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
- 24-pack (16oz) sales rose 801%, further validating product-market fit.
- RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.
We’re Not Just Selling Beer – We’re Building America’s Brand

“This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand^™ continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

American Rebel Beer Shipping Now to 40+ States

American Rebel Light Beer is available for home delivery in the following states:
AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

About American Rebel Light Beer

American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

For more information, visit americanrebelbeer.com.

About American Rebel Holdings, Inc.

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

Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

Media Inquiries:
Matt Sheldon
Matt@Precisionpr.co
917-280-7329

American Rebel Holdings, Inc.
info@americanrebel.com
ir@americanrebel.com

American Rebel Beverages, LLC
Todd Porter, President
tporter@americanrebelbeer.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Attachment
- American Rebel Holdings Inc
The MIL Network –
June 27, 2025
MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th
Source: GlobeNewswire (MIL-OSI)

Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

Key highlights from the most recent performance period include:
- Gross Online Sales surged 1100% driven by explosive customer demand.
- Average Order Value (AOV) increased 14% to $59.62.
- Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
- Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
- Website traffic jumped 4500%, amplifying visibility and brand discovery.
- 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
- 24-pack (16oz) sales rose 801%, further validating product-market fit.
- RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.
We’re Not Just Selling Beer – We’re Building America’s Brand

“This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand^™ continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

American Rebel Beer Shipping Now to 40+ States

American Rebel Light Beer is available for home delivery in the following states:
AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

About American Rebel Light Beer

American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

For more information, visit americanrebelbeer.com.

About American Rebel Holdings, Inc.

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

Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

Media Inquiries:
Matt Sheldon
Matt@Precisionpr.co
917-280-7329

American Rebel Holdings, Inc.
info@americanrebel.com
ir@americanrebel.com

American Rebel Beverages, LLC
Todd Porter, President
tporter@americanrebelbeer.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Attachment
- American Rebel Holdings Inc
The MIL Network –
June 27, 2025
MIL-OSI: authID Partners with Prove to Provide Deepfake‑Resistant Identity Verification Capabilities Globally and Defend Against AI‑Generated Fraud

Source: GlobeNewswire (MIL-OSI)

Denver, CO, June 26, 2025 (GLOBE NEWSWIRE) — authID (Nasdaq: AUID), a leading provider of secure biometric identity verification and authentication solutions, today announced a strategic partnership with Prove, the world’s most accurate identity verification and authentication provider, to fight against the growing threat of AI-generated deepfake fraud. This partnership enables both companies to address a rapidly evolving challenge by leveraging advanced, biometric-driven technologies to safeguard against synthetic identities and fraud in the digital age.

The threat of AI-generated deepfakes has become a pressing concern for businesses and consumers alike. Deepfakes, including synthetic images and videos, have enabled fraudsters to impersonate individuals with alarming accuracy. Through this partnership, authID and Prove aim to deliver a solution that doesn’t just react to fraud after it happens but prevents it at the source by ensuring the integrity of digital identities.

“Deepfakes are changing the nature of fraud. We need solutions that are secure, privacy-first, and fast. authID’s PrivacyKey brings the trust layer needed to block impersonation without adding friction,” said Rodger Desai, CEO of Prove.

The integration of authID’s biometric technologies – Proof ^TM, Verified ^TM and PrivacyKey ^TM – into Prove’s platform strengthens its ability to detect and block synthetic identities and video-based impersonation. These tools will be embedded directly into Prove’s platform to further strengthen its identity proofing and fraud prevention capabilities.

“Partnering with Prove, a company that powers identity verification for many of the world’s most trusted financial institutions, is a tremendous validation of our technology and strategic direction,” said Rhon Daguro, CEO of authID. “This partnership is about more than just technology integration, it’s about setting a new standard for secure, privacy-preserving identity verification worldwide.”

As Prove expands its global footprint, this partnership offers the scalability and security needed to meet the demands of modern digital transformation, protecting enterprise customers from the rapidly evolving threat landscape of AI-driven fraud.

authID’s technology, with its industry-leading accuracy and 1:1 billion false match rate, plays a crucial role in ensuring that digital transactions remain secure and user privacy is upheld. By combining authID’s biometric and anti-deepfake capabilities with Prove’s trusted identity verification and authentication platform, the partnership unlocks a new era of frictionless, highly secure identity experiences critical in today’s digital economy.

About authID
authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.

For further information please visit authid.ai.

Media Contacts
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com

Investor Relations Contacts

Investor-relations@authid.ai

The MIL Network –

June 27, 2025
MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Invited to Support Event by the United States Space Force Historical Foundation

Source: GlobeNewswire (MIL-OSI)

Company’s AI-powered robot, ADAM, will serve space themed cocktails to attendees of the Invite-Only VIP Legacy of Launch event

LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that its cutting-edge robot, ADAM, will be featured at the Legacy of Launch 75th Anniversary event, taking place on July 24, 2025 in the Kennedy Space Center Shuttle Room, which is located at the Kennedy Space Center Visitor Complex.

This invitation-only VIP event is a rare and transformative moment that will seamlessly unite history, celebration, and vision. Designed to honor the extraordinary achievements of the past 75 years, the mission of the Legacy of Launch is to ignite a global passion for space by honoring past achievements, celebrating present advancements, and inspiring future exploration. Through education, preservation, and immersive experiences, it aims to ensure that every generation dares to dream, innovate, and reach beyond our planet.

As part of this landmark celebration of the Legacy of Launch campaign, Richtech Robotics’ AI-driven robot, ADAM, has been invited to demonstrate the powerful potential of artificial intelligence and robotics in shaping tomorrow’s world. With real-world deployments already underway in the hospitality and entertainment industries, ADAM’s ability to serve space-themed cocktails underscores the Company’s commitment to pioneering technologies that enhance human experiences through state-of-the-art innovation.

As robotics and AI technologies continue to evolve, the potential for ADAM, and its industrial counterpart Titan, to support space-related applications represents an exciting new vertical for the Company to explore more deeply in the years ahead.

“We are honored to participate in such a historic event and showcase how ADAM represents the future of intelligent automation—an embodiment of innovation that complements the legacy we are celebrating,” said Matt Casella, President of Richtech Robotics.

Richtech Robotics has deployed over 400 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more.

About Richtech Robotics

Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, as amended on February 7, 2025 and March 4, 2025 and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050

The MIL Network –

June 27, 2025
MIL-OSI: Richtech Robotics’ AI-Driven Robot ADAM Invited to Support Event by the United States Space Force Historical Foundation

Source: GlobeNewswire (MIL-OSI)

Company’s AI-powered robot, ADAM, will serve space themed cocktails to attendees of the Invite-Only VIP Legacy of Launch event

LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that its cutting-edge robot, ADAM, will be featured at the Legacy of Launch 75th Anniversary event, taking place on July 24, 2025 in the Kennedy Space Center Shuttle Room, which is located at the Kennedy Space Center Visitor Complex.

This invitation-only VIP event is a rare and transformative moment that will seamlessly unite history, celebration, and vision. Designed to honor the extraordinary achievements of the past 75 years, the mission of the Legacy of Launch is to ignite a global passion for space by honoring past achievements, celebrating present advancements, and inspiring future exploration. Through education, preservation, and immersive experiences, it aims to ensure that every generation dares to dream, innovate, and reach beyond our planet.

As part of this landmark celebration of the Legacy of Launch campaign, Richtech Robotics’ AI-driven robot, ADAM, has been invited to demonstrate the powerful potential of artificial intelligence and robotics in shaping tomorrow’s world. With real-world deployments already underway in the hospitality and entertainment industries, ADAM’s ability to serve space-themed cocktails underscores the Company’s commitment to pioneering technologies that enhance human experiences through state-of-the-art innovation.

As robotics and AI technologies continue to evolve, the potential for ADAM, and its industrial counterpart Titan, to support space-related applications represents an exciting new vertical for the Company to explore more deeply in the years ahead.

“We are honored to participate in such a historic event and showcase how ADAM represents the future of intelligent automation—an embodiment of innovation that complements the legacy we are celebrating,” said Matt Casella, President of Richtech Robotics.

Richtech Robotics has deployed over 400 robot solutions across the U.S. including in restaurants, retail stores, hotels, healthcare facilities, casinos, senior living homes, and factories. Current clients include Texas Rangers’ Globe Life Field, Golden Corral, Hilton, Sodexo, Boyd Gaming, and more.

About Richtech Robotics

Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the performance of ADAM and the success of Clouffee & Tea. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 14, 2025, as amended on February 7, 2025 and March 4, 2025 and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050

The MIL Network –

June 27, 2025
MIL-OSI: Hyperscale Data Highlights AI Infrastructure Growth and Corporate Transition in Stockholder Letter

Source: GlobeNewswire (MIL-OSI)

LAS VEGAS, June 26, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today issued the following letter to its stockholders from its Founder and Executive Chairman, Milton “Todd” Ault III.

Dear Stockholders,

As the Founder and Executive Chairman of Hyperscale Data, I want to share important updates on our strategic direction and the substantial opportunities we believe lie ahead.

Undervalued Opportunity in a Booming Sector

Recent market activity highlights the substantial value potential of our Michigan data center facility (the “Michigan Facility”). We have seen recent transactions, such as Applied Digital Corporation (“Applied”) securing a long-term hosting contract with CoreWeave which is expected to generate over $7 billion in aggregate revenue for Applied over 15 years based on the delivery of 250 megawatts (“MW”) of critical power infrastructure over 15 years for artificial intelligence (“AI”) and high-performance computing (“HPC”) services.

We are actively pursuing similar hosting agreements and believe our Michigan Facility would be highly attractive to top tier hyperscale tenants seeking long-term leases if we meet our objective of scaling our Michigan Facility to 340 MW of power, as discussed below. Our discussions have included well-capitalized companies in the industry, and we are confident in our ability to secure strategic partnerships that could deliver meaningful revenue growth over the next 8 to 12 years.

We believe our 617,000-square-foot Michigan Facility, which we are targeting to scale up to 340 MW of power, represents a highly strategic and significantly undervalued asset for supporting large-scale AI and HPC workloads.

In February 2025, our indirect, wholly owned subsidiary, Alliance Cloud Services, LLC (“ACS”), reached an agreement in principle with its primary local utility to expand available power from approximately 30 MW to 300 MW. Completion of this upgrade is expected to take approximately 44 months from the execution of a formal letter of authorization, which is currently under negotiation.

Additionally, ACS has reached an agreement in principle with the local natural gas utility to supply an extra 40 MW of power. This portion of the project is expected to be completed within 18 months of executing definitive agreements. In total, these upgrades would expand the facility’s capacity to approximately 340 MW, positioning Hyperscale Data to serve as a major AI and HPC infrastructure hub.

Strategic Separation and Leadership Transition

We intend to complete our previously announced separation from Ault Capital Group, Inc. (“ACG”) by year-end 2025. After the separation, Hyperscale Data will operate as a standalone, publicly traded infrastructure company focused on delivering AI and digital asset compute solutions.

Following the separation of ACG, I will step away from Hyperscale Data to focus almost exclusively on leading ACG and its growing portfolio of businesses, which include private credit, AI software, social gaming, equipment rental, aerospace and defense, industrial, automotive, medical/biopharma, and hospitality operations.

Upon my departure, William Horne, our Chief Executive Officer, is expected to continue in his current role and assume the position of Chairman of the Board. Mr. Horne has been instrumental in driving our operational progress and strategic vision, and I am confident in his leadership as Hyperscale Data enters its next chapter.

Bridging the Valuation Gap

We believe the market significantly undervalues our business, particularly given the transformative potential of our Michigan Facility. As our strategy advances and the AI infrastructure market continues to evolve, we expect the gap between our intrinsic value and current market capitalization to narrow, creating meaningful long-term value for our stockholders.

That said, our strategy is not without risk. Successful execution will require considerable capital investment and the ability to secure long-term partnerships with leading technology firms. Completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company or ACS to raise sufficient funds to pay for the power upgrades and other expenditures; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.

In Closing

Thank you for your continued support and confidence in our vision. We remain committed to delivering long-term value through strategic execution and disciplined investment in next-generation infrastructure.

Sincerely,

Milton “Todd” Ault III
Founder and Executive Chairman
Hyperscale Data, Inc.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235

The MIL Network –

June 27, 2025
MIL-OSI: OSS Announces Third Order from Leading Asian Defense Contractor for Autonomous Maritime Application

Source: GlobeNewswire (MIL-OSI)

ESCONDIDO, Calif., June 26, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“OSS” or the “Company”) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced it has received a third order from a leading defense contractor in Asia for an autonomous maritime application. The $340,000 purchase order is scheduled for delivery in the third quarter of 2025 and supports the production of unmanned surface vehicles (USVs) for harbor patrol and security operations.

The order builds on a $200,000 purchase made in December 2024 and marks a key transition from system development to production deployment. Based on current forecasts and the expected expansion of their USV product line production, OSS anticipates approximately $4 million in cumulative sales between 2026 and 2029. This multi-year opportunity reflects OSS’s growing position as a platform partner for next-generation autonomous maritime systems.

OSS’s rugged enterprise class computing technology is embedded into a modular system that enables the conversion of manned patrol boats into autonomous surface vessels. The platform supports a range of mission profiles for defense, public safety, and maritime security, allowing vessels to operate autonomously, intelligently, and safely in complex marine environments.

OSS is supplying 16 rugged 3U Gen 5 Short Depth Servers (SDS) and redundant ethernet switches for high-speed data ingest and interpretation of data from over 30 cameras. The rugged system from OSS is designed to perform reliably in temperatures over 40°C and deliver the necessary computing power to support the USV’s computer vision and autonomous navigation system.

“Today’s announcement demonstrates continued momentum in our partnership with a leading defense contractor and reflects the successful transition into the production phase of their USV program,” said OSS CEO Mike Knowles. “It also reinforces our broader platform-based growth strategy aimed at embedding OSS’s PCIe/Switch Fabric technology from initial development, through production scaling, and into long-term sustainment and support. We believe this model aligns with how global defense contractors build and manage critical programs. We see meaningful long-term value in this expanding relationship, and we are proud to support the deployment of next-generation autonomous maritime systems that advance national and maritime security.”

About One Stop Systems
One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

Forward-Looking Statements
One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to, the fitness of OSS’ products for unmanned autonomous maritime applications, actual revenue derived from current and expected purchase orders, our growth as a platform partner, performance reliability of the platform in certain conditions, and the timing of shipments and revenue. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Media Contacts:
Robert Kalebaugh
One Stop Systems, Inc.
Tel (858) 518-6154
Email contact

Investor Relations:
Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
Email contact

The MIL Network –

June 27, 2025
MIL-OSI: NordVPN remains the only VPN with certified phishing protection
Source: GlobeNewswire (MIL-OSI)

LONDON, June 26, 2025 (GLOBE NEWSWIRE) — The cybersecurity feature Threat Protection Pro™, included in the leading VPN application NordVPN, has once again been recognized as one of the top tools for detecting phishing websites in an independent test conducted by AV-Comparatives.

“Phishing websites are one of the biggest threats to internet users worldwide. They steal personal data, login credentials, and financial information from unsuspecting users before redirecting them or disappearing entirely. We put our greatest effort into protecting our customers from the consequences caused by these sites,” says Domininkas Virbickas, product director at Threat Protection.

AV-Comparatives, an independent testing lab, conducted an extensive test between May 15-28, 2025, to evaluate the effectiveness of various cybersecurity products in detecting and blocking phishing websites. The company certified 10 solutions against 228 phishing URLs and 200 clean ones to see how well they could protect users. NordVPN’s Threat Protection Pro™ detected 90% of phishing websites.

Last year, NordVPN became the first VPN service provider to be approved by AV-Comparatives for anti-phishing protection, and this year we got tested again to remain the only VPN provider with such certification.

To be approved by AV-Comparatives for Anti-Phishing Protection, at least 85% of the phishing URLs used must be detected and blocked, without causing any false alarms with legitimate online banking and related sites.

How to recognize phishing websites and protect yourself

While Threat Protection Pro™ is a powerful safeguard, phishing attacks are always evolving. Practicing good cyber hygiene is just as important.

Here are a few simple tips to stay safe online:
- Verify the URL. Always check the URL in your browser’s address bar. Look for variations in the domain name that might indicate it’s a fake site. Did it send you to a subpage, even though you should be on the homepage? Does it have a suspicious prefix?
- Read the text carefully. If you have even the slightest suspicion, go over the email or message once more. Was it unsolicited? Is it urging you to do something, trying to induce panic? Does it have any typos or other mistakes?
- Enable two-factor authentication (2FA). 2FA adds an extra layer of security by requiring an additional authentication step, like a one-time code sent to your phone, before you can log in. Even if a hacker gets your password, they won’t be able to access your account without this second factor.
- Check the website’s protocol. Ensure that the website you’re on uses the HTTPS protocol. Legitimate websites prioritize security and will have a padlock icon in the address bar, but a website with a spoofed URL might only use HTTP.
NordVPN’s Threat Protection Pro™ is available with every subscription, helping users browse more securely every day.

ABOUT NORDVPN

NordVPN is the world’s most advanced VPN service provider, chosen by millions of internet users worldwide. One of NordVPN’s key features is Threat Protection Pro™, a tool that blocks malicious websites, trackers, and ads and scans downloads for malware. For more information, visit https://nordvpn.com.

More information: vilius.kardelis@nordsec.com

The MIL Network –
June 27, 2025
MIL-OSI Russia: Moscow introduces artificial intelligence to detect hip osteoarthritis on X-rays.

Translation. Region: Russian Federal

Moscow has introduced a new artificial intelligence service to its healthcare system to detect signs of hip osteoarthritis in medical images, making it the 41st modality in which neural networks are helping radiologists, said Anastasia Rakova, Deputy Mayor of Moscow for Social Development.

The artificial intelligence algorithm developed by specialists at the Center for Diagnostics and Telemedicine has undergone thorough testing and is now integrated into the Unified Radiological Information Service (ERIS). “The algorithm automatically identifies potential signs of osteoarthritis – narrowing of the joint space, thickening of the bone, bone spurs, highlighting the affected areas and taking precise measurements,” she said.

“Currently, artificial intelligence is used in 40 clinical modalities in Moscow. These innovations speed up diagnostics, increase accuracy and reduce the workload of radiologists.”

Osteoarthritis (OA) is a chronic joint disease characterized by progressive cartilage degradation and bone remodeling. It is common among older people, but can occur at any age. A new artificial intelligence service deployed in Moscow helps radiologists identify key signs of hip OA, including joint space narrowing, subchondral sclerosis (bone thickening), and osteophyte formation. Such automation reduces the time it takes to interpret images, improves diagnostic accuracy, and allows for earlier therapeutic intervention.

“The AI service improves the efficiency of early detection of hip arthrosis, which allows for timely initiation of treatment and improved patient outcomes.”

Yuri Vasiliev, chief consultant in radiology at the Moscow Department of Health, emphasized the clinical effect: “Accurate imaging assessment of hip osteoarthritis allows us to accurately determine the stage of hip OA and justify treatment strategies, such as recommendations for activity and pharmacotherapy. The main clinical signs of osteoarthritis include pain when moving and decreased range of motion in the affected joints.”

The introduction of AI is the result of Moscow’s five-year efforts to introduce computer vision into healthcare. More than 200 AI services have been tested, and about 100 algorithms have been included in the URIS UMIAS system. Currently, about 50 AI tools analyze medical images in real time, increasing the speed and quality of diagnostics in 40 clinical areas.

The project is a joint effort between the Moscow Social Development Complex, the Center for Diagnostics and Telemedicine, and the city’s Department of Information Technology, highlighting Moscow’s commitment to using artificial intelligence to improve healthcare.

MIL OSI Russia News –

June 27, 2025
MIL-OSI Russia: Vocabulary that came out of the office: what has the rise in popularity of psychology led to

Translation. Region: Russian Federal

Source: State University Higher School of Economics – State University Higher School of Economics –

© Higher School of Economics

The Higher School of Economics hosted a round table entitled “Psychotherapeutic Lexicon in the Public Space,” which brought together psychologists, linguists, sociologists, and cultural scientists. They discussed the role of psychotherapy and psychotherapeutic terms in the life of a modern person, as well as the influence of AI on this area.

There is a disturbing tendency in society to turn psychological vocabulary into an instrument of aggression, noted the head of the department, opening the round table “Psychotherapeutic vocabulary in the public space”. Scientific and educational laboratory of linguistic conflictology and modern communication practices, Research Professor Schools of Philological Sciences Faculty of Humanities HSE Maxim Krongauz.

Words intended to help in therapy, such as “devaluation,” “abuse,” “bullying,” “victim blaming,” “gaslighting,” and “toxic,” are increasingly used to scapegoat, creating an atmosphere of “invitation to execution.”

“This aggressiveness of words, which seem to come from such a noble area, where, perhaps, in a figurative sense, they treat people, is suspicious. Why do they treat with such aggressive words?” Krongauz asked. Referring to psychotherapist Daniil Ostrovsky, he pointed out the danger of transferring therapeutic principles to public ethics.

Fyodor Konorov, a teacher and supervisor at the Moscow Gestalt Institute, noted the explosive growth of the therapeutic field, which has led to the fact that “anyone can now call themselves a psychologist,” creating risks of incorrect use of terminology. He also drew attention to the fact that vocabulary “coming out of psychologists’ offices” is not new, but now, along with it, words that are pseudo-diagnoses (“bipolar,” “anxiety”) are actively used. He concluded that this deprives a person of the opportunity to deal with their feelings differently.

Research Fellow Department of Psychology Faculty of Social Sciences HSE Irina Bulanova presented the results of a study on how young people use psychotherapeutic vocabulary. She identified four main functions.

The first is overcoming experiences. Young people use terms to make it easier to understand their inner world and communicate with others.

The second is the normative function, when vocabulary defines social norms related to psychological health, but can lead to the marginalization of those who do not meet these norms.

The third is the function of social identity: young people identify themselves as representatives of a certain group, distinct from the older generation.

The fourth is the instrumental function. Here, vocabulary is used to regulate social interactions, especially in situations of emotional tension.

“Naming itself, to a certain extent, helps to facilitate… And the most important thing is that they develop a language with which they can communicate with each other about the contents of their inner world, and it seems that this has an even greater coping effect,” noted Irina Bulanova.

She believes that such vocabulary may contain social norms related to psychological health. Despite the benefits in overcoming difficulties and normalizing experiences, excessive use of vocabulary may lead to the formation of rigid social norms and potential conflicts between generations.

“It seems to me that this is a subject for a separate study, but, in truth, it is very interesting not only the content, but also the structure of these norms, how strict they are, and how much we thereby contribute to some marginalization of those who do not fit into this norm,” she concluded.

Associate Professor Department of Analysis of Social Institutions Oksana Mikhailova, a professor at the Faculty of Social Sciences at the National Research University Higher School of Economics, spoke about the “therapeutic turn” in culture, when psychology is becoming increasingly popular and influential. She noted that the media plays a dual role, both in disseminating knowledge about psychology and in simplifying and distorting it.

“Media managers and media culture producers realized that if they take into account some rules transmitted by psychology, they will be able to attract more attention from the audience. And so, in fact, they began to involve them in content production,” Oksana Mikhailova explained.

She also noted that individualization associated with therapeutic culture can lead to ignoring social problems: “We don’t notice some problems that actually have social prerequisites when we use this therapeutic language. That is, we begin to think that everything depends only on us.”

The sociologist identified such negative aspects of this process as individualization of problems, excessive interest in oneself, pathologizing of the normal, increased anxiety, cognitivism, self-discipline (in the context of social order) and increased inequality. At the same time, she also noted positive trends: drawing attention to problems, democratization of gender roles, use of terms in social movements.

Oksana Moroz, a cultural scientist and associate professor at the British Higher School of Art and Design and Tyumen State University, analyzed how the concept of boundaries is discussed in various online contexts — from quality press to brand media and social networks. She pointed out that the appropriation of therapeutic vocabulary occurs not only at the level of individual words, but also at the level of the therapeutic plot. At the same time, there is a tendency toward universalization, in which the construction of boundaries occurs based on one signal of discomfort.

She also emphasized that the use of psychological vocabulary can be a way to form an emotional community, but often becomes a tool for commodification and obtaining social capital. This tendency, the expert believes, leads to difficulties in defining the boundaries of what is permitted, erasing the line between constructive criticism and bullying. “The best way to protect your own boundaries is to say that I know how to protect my own boundaries. And if you ask me questions about how I do it wrong, you will, of course, violate them,” the expert noted.

Researcher at the Research and Educational Laboratory of Linguistic Conflictology and Modern Communicative Practices of the Faculty of Humanities at the National Research University Higher School of Economics Elizaveta Gromenko presented a linguistic analysis of psychotherapeutic vocabulary in the Russian language of the 21st century. She noted that in recent years there has been an increase in the use of words such as “abuse”, “trauma”, “mindfulness”, and that these words are acquiring new meanings, especially borrowings.

“All these words have long been present in the Russian language, but in the 21st century they acquire a new meaning under the influence of psychological practice, when a person turns to categorizing some of his internal processes,” Gromenko explained.

She also noted that “trauma” and “mindfulness” have become key concepts in psychotherapeutic vocabulary and that the entire beginning of the 21st century is taking place under their auspices. Many words that appeared in the early 2000s have begun to actively adapt since 2015 and generate derivatives, such as “abuser,” “gaslighter,” and “toxic.”

Irina Fufaeva, a research fellow at the Research and Educational Laboratory of Linguistic Conflictology and Modern Communication Practices, shared her experience of interacting with AI as a psychotherapist, noting a change in the trend in patients’ self-designations. While game designations (“bipolar,” “borderline”) were popular before, now there is a refusal to build identity through illness. She noted that AI in support mode (without censure and moralization) is met with acceptance and gives coaching advice. She emphasized that interaction with artificial intelligence as a psychotherapist can create the illusion of support for employees, but the lack of empathy and contextuality can lead to undesirable consequences.

Leading researcher at the Research and Educational Laboratory of Linguistic Conflictology and Modern Communicative Practices Valery Shulginov conducted an experiment to test how language models understand the concept of abuse. He found that models often tend to agree with users, which can lead to false positive diagnostics. To improve efficiency, it is necessary to use non-standard role-playing situations, but the training of AI can create traps for users.

The participants of the seminar agreed that further development of methods of teaching and educating the population in the field of correct use of psychological terminology is necessary. It is advisable to create interdisciplinary teams of scientists who will be able to thoroughly study and systematize existing trends. A proposal was also made to organize regular seminars and forums aimed at further studying the features of the transformation of Russian speech under the influence of psychological concepts and methods.

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

MIL OSI Russia News –

June 27, 2025
MIL-OSI Russia: Moscow introduces artificial intelligence to detect hip arthrosis on X-rays.

Moscow has integrated a new artificial intelligence service into its healthcare system to identify signs of hip osteoarthritis in medical images, marking the 41st modality where neural networks assist radiologists. This advancement was announced by Anastasia Rakova, Deputy Mayor of Moscow for Social Development.

Developed and tested by specialists at the Center for Diagnostics and Telemedicine, the AI algorithm has completed rigorous testing and is now integrated into the Unified Radiological Information Service (URIS). “The algorithm automatically identifies potential osteoarthritis indicators – such as joint space narrowing, bone thickening, and bone spur highlighting affected areas and performing precise measurements”, she stated.

“Moscow now utilizes AI across 40 clinical modalities. These innovations accelerate diagnosis, improve accuracy, and reduce the workload for radiologists”.

Osteoarthritis (OA) is a chronic joint disorder characterized by progressive cartilage degradation and bone remodeling. While prevalent among older adults, it can occur at any age. A new AI service deployed in Moscow assists radiologists in identifying key indicators of hip OA, including joint space narrowing, subchondral sclerosis (bone thickening), and osteophyte formation. This automation reduces image interpretation time, enhances diagnostic accuracy, and enables earlier therapeutic intervention.

“The AI service enhances early detection of hip arthrosis, enabling timely treatment and better patient outcomes.”

Yuri Vasilev, Moscow’s Chief Consultant for Radiology of the Moscow Healthcare Department, emphasized the clinical impact: “Accurate imaging assessment of hip osteoarthritis allows precise staging of hip OA, informing treatment strategies such as activity recommendations and pharmacotherapy. Key clinical signs of osteoarthritis include pain during ambulation and reduced range of motion in affected joints.”

This AI deployment builds on five years of Moscow’s pioneering efforts to integrate computer vision in healthcare. Over 200 AI services have been tested, with approximately 100 algorithms incorporated into the URIS UMIAS system. Currently, around 50 AI tools analyze medical images in real-time, improving diagnostic speed and quality across 40 clinical modalities.

The project is a collaboration between the Moscow Social Development Complex, the Center for Diagnostics and Telemedicine, and the city Department of Information Technology, underscoring Moscow’s commitment to leveraging AI for enhanced medical care.

MIL OSI Russia News –

June 27, 2025
MIL-OSI Russia: Results of SPIEF-2025.

As Maksim Liksutov reported, the Moscow Government signed 61 agreements at the forum. A dedicated stand highlighted the city’s transport and industrial sectors.

Forum guests:

Learned about the development of the rail framework, unmanned technologies, and an AI-powered video analytics system as part of Moscow Transport’s strategy through 2030

Explored a model of the innovative Moskva-2026 train

Saw how batteries for electric transport will be manufactured at the Krasnaya Pakhra site in the city’s Special Economic Zone

Studied metro maps in Arabic and Chinese

Examined a prototype of the new ticket vending machine

Received gifts from Moscow Transport — around 2,000 souvenir sets were distributed in total

During SPIEF-2025, Moscow Mayor Sergey Sobyanin launched the third route of the city’s regular river electric transport, connecting Novospassky and ZIL and linking four city districts. In addition, Moscow signed a long-term lease agreement for Yaroslavsky Railway Station with Russian Railways (RZD) — a key step toward its comprehensive renovation and integration into the unified Moscow Transport system. An agreement was also signed with Transmashholding for the delivery of one of the largest batches of metro cars for the city’s subway. All these initiatives will make trips for Muscovites even more comfortable, reliable, and safe, — noted Maksim Liksutov.

MIL OSI Russia News –

June 27, 2025
MIL-OSI Asia-Pac: FS attends AIIB meeting in Beijing

Source: Hong Kong Information Services

Financial Secretary Paul Chan attended the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Beijing today. He also held separate meetings with Minister of Finance Lan Fo’an and AIIB President Jin Liqun.

Mr Chan participated in the opening ceremony of the annual meeting and joined the subsequent Governors’ Official Session.

During the meeting, he witnessed the signing of a strategic partnership agreement between the Hong Kong Monetary Authority (HKMA) and the AIIB. Under the partnership agreement, the HKMA will collaborate closely with the AIIB to support venture capital in emerging Asia to jointly support the emerging economies in the region to drive green transformation and development of infrastructure through scientific and commercial innovation.

Speaking about the agreement, Mr Chan said that this collaboration combines and leverages the knowledge, experience, networks and strengths of the HKMA and the AIIB.

He said: “It supports emerging Asian economies in accelerating their development towards more prosperous and inclusive growth through innovation and technology. Additionally, it aids in building a more vibrant venture capital and innovation ecosystem within the region and further reinforces Hong Kong’s status as an international financial, innovation and technology centre.”

Mr Chan later met AIIB President Jin Liqun. He expressed Hong Kong’s willingness to further enhance collaboration with the AIIB amid the ongoing reshaping of the global economic landscape and the development challenges faced by emerging economies.

Such initiatives can include issuing bonds in more currencies and of various tenors, advancing investment co-operation in infrastructure loan securitisation and catastrophe bonds, and mobilising private capital to support Asia’s green and sustainable development projects and relevant technological proposals.

The Financial Secretary also reiterated Hong Kong’s support for the AIIB to establish an office in Hong Kong and said he looks forward to the proposal’s early implementation.

He also called on Minister of Finance Lan Fo’an, where both parties exchanged in-depth views on the economic and social development of the Mainland and Hong Kong.

Mr Chan highlighted that the Hong Kong Special Administrative Region Government will continue to fully support the issuance of renminbi (RMB) sovereign bonds in Hong Kong. Efforts will also be made to enrich investment products and risk management tools, enhance RMB liquidity, and improve financial infrastructure to build a more prosperous offshore RMB business ecosystem.

MIL OSI Asia Pacific News –

June 27, 2025
MIL-OSI: Palomar and Neptune Partner to Accelerate Growth in U.S. Flood Insurance Market

Source: GlobeNewswire (MIL-OSI)

~ Palomar to Appoint Neptune as Exclusive Managing General Agent for Flood Insurance ~

LA JOLLA, Calif. and ST. PETERSBURG, Fla., June 26, 2025 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (“Palomar” NASDAQ: PLMR), a leading specialty insurer, and Neptune Flood (“Neptune”), the largest provider of private flood insurance in the United States, today announced a strategic partnership under which Neptune will become Palomar’s exclusive managing general agent for flood insurance.

Palomar will continue its longstanding commitment to the private flood insurance market while gaining access to Neptune’s AI-based technology powered by data science and machine learning. The partnership enables both companies to advance their shared mission to deliver a robust technology driven alternative to the National Flood Insurance Program and make flood coverage more accessible to customers nationwide.

“Neptune’s technology and underwriting capabilities make them an ideal partner as we continue to grow in the flood insurance space,” said Jon Christianson, President of Palomar. “Together, we are expanding flood insurance availability with a streamlined and scalable solution that delivers strong value to our policyholders and partners.”

“Neptune is excited to add Palomar to our panel of top-tier carriers,” said Trevor Burgess, Chairman and Chief Executive Officer of Neptune Flood. “We look forward to welcoming Palomar’s flood customers to the Neptune platform and to increasing access to flood insurance nationwide.”

Through the seamless transition, Palomar’s agents will gain access to Neptune’s platform, offering a streamlined quoting and binding experience with enhanced coverage options.

About Palomar

Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd. (“PSRE”), Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company (“PESIC”), Palomar Underwriters Exchange Organization, Inc. (“PUEO”), First Indemnity of America Insurance Co. (“FIA”), and Palomar Crop Insurance Services, Inc. (“PCIS”). Palomar’s consolidated results also include Laulima Exchange (“Laulima”), a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Palomar’s insurance subsidiaries, PSIC, PSRE, and PESIC, have a financial strength rating of “A” (Excellent) from A.M. Best. FIA carries an “A-” (Stable) rating from A.M. Best.

To learn more, visit PLMR.com.

Follow Palomar on LinkedIn: @PLMRInsurance

About Neptune

With nearly 250,000 policies in force, Neptune is the largest private flood insurance provider in the United States, revolutionizing the industry with AI-driven underwriting and data science-driven machine learning technology. Neptune simplifies the flood insurance process, offering instant, affordable, and comprehensive coverage in minutes, without the delays and complexities of traditional insurance. Neptune is committed to closing the flood insurance gap and making coverage accessible nationwide.

Safe Harbor Statement
Palomar cautions you that statements contained in this press release may regard matters that are not historical facts but are forward-looking statements. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by Palomar that any of its plans will be achieved. Actual results may differ from those set forth in this press release due to the risks and uncertainties inherent in the Company’s business. The forward-looking statements are typically, but not always, identified through use of the words “believe,” “expect,” “enable,” “may,” “will,” “could,” “intends,” “estimate,” “anticipate,” “plan,” “predict,” “probable,” “potential,” “possible,” “should,” “continue,” and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors, including unexpected expenditures and costs, unexpected results or delays in development and regulatory review, regulatory approval requirements, the frequency and severity of adverse events and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company’s filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Contact

Media Inquiries
Lindsay Conner
1-551-206-6217
lconner@plmr.com

Investor Relations:
Jamie Lillis
1-203-428-3223
investors@plmr.com

Neptune Media:
Loren Pomerantz
loren@combined-forces.com
917-902-0219

Source: Palomar Holdings, Inc.

The MIL Network –

June 27, 2025
MIL-OSI: Diginex Limited Added to S&P Global BMI Index, Marking Key Milestone in the Company’s Development

Source: GlobeNewswire (MIL-OSI)

LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its inclusion in the S&P Global Broad Market Index (BMI), effective June 22, 2025. The addition to this widely recognized index marks a notable milestone for Diginex.

The S&P Global BMI is one of the most comprehensive equity benchmarks in the world, covering more than 14,000 companies across developed and emerging markets. Inclusion in this index signals that Diginex meets BMI’s standards of market capitalization, liquidity, and public float adjustment, reinforcing its credibility with institutional investors and enhancing its visibility within the global investment community.

“We believe Diginex’s inclusion in the S&P Global BMI is a strong validation of our corporate strategy, growth trajectory, and commitment to shareholder value,” said Mark Blick, CEO of Diginex Limited. “Being included in the S&P Global BMI not only increases our visibility among international investors but also positions us for potential investment by other passive and active funds that track global equity benchmarks.”

Diginex’s inclusion in the S&P Global BMI index is expected to broaden its shareholder base and improve trading liquidity, further supporting its long-term growth.

About S&P Global BMI
The S&P Global Broad Market Index (BMI) is the only global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This comprehensive, rules-based index series employs a transparent and consistent methodology across all countries and includes more than 14,000 stocks from developed and emerging markets.

About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.

The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

For more information, please visit the Company’s website: https://www.diginex.com/.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

Diginex
Investor Relations
Email: ir@diginex.com

IR Contact – Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de

IR Contact – US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global

IR Contact – Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email: sprg_diginex@sprg.com.hk

The MIL Network –

June 27, 2025
MIL-OSI: Diginex Limited Added to S&P Global BMI Index, Marking Key Milestone in the Company’s Development

Source: GlobeNewswire (MIL-OSI)

LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its inclusion in the S&P Global Broad Market Index (BMI), effective June 22, 2025. The addition to this widely recognized index marks a notable milestone for Diginex.

The S&P Global BMI is one of the most comprehensive equity benchmarks in the world, covering more than 14,000 companies across developed and emerging markets. Inclusion in this index signals that Diginex meets BMI’s standards of market capitalization, liquidity, and public float adjustment, reinforcing its credibility with institutional investors and enhancing its visibility within the global investment community.

“We believe Diginex’s inclusion in the S&P Global BMI is a strong validation of our corporate strategy, growth trajectory, and commitment to shareholder value,” said Mark Blick, CEO of Diginex Limited. “Being included in the S&P Global BMI not only increases our visibility among international investors but also positions us for potential investment by other passive and active funds that track global equity benchmarks.”

Diginex’s inclusion in the S&P Global BMI index is expected to broaden its shareholder base and improve trading liquidity, further supporting its long-term growth.

About S&P Global BMI
The S&P Global Broad Market Index (BMI) is the only global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This comprehensive, rules-based index series employs a transparent and consistent methodology across all countries and includes more than 14,000 stocks from developed and emerging markets.

About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.

The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

For more information, please visit the Company’s website: https://www.diginex.com/.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

Diginex
Investor Relations
Email: ir@diginex.com

IR Contact – Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de

IR Contact – US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global

IR Contact – Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email: sprg_diginex@sprg.com.hk

The MIL Network –

June 27, 2025
MIL-OSI Africa: Kaspersky: ChatGPT-mimicking cyberthreats surge 115% in early 2025, Small and Medium-Sized Businesses (SMBs) increasingly targeted
In 2025, nearly 8,500 users from small and medium-sized businesses (SMBs) globally faced cyberattacks where malicious or unwanted software was disguised as popular online productivity tools, Kaspersky reports (www.Kaspersky.co.za). Based on the unique malicious and unwanted files observed, the most common lures included Zoom and Microsoft Office, with newer AI-based services like ChatGPT and DeepSeek being increasingly exploited by attackers. Kaspersky has released threat analysis and mitigation strategies to help SMBs respond.

Kaspersky analysts explored how frequently malicious and unwanted software are disguised as legitimate applications commonly used by SMBs, using a sample of 12 online productivity apps. In total, Kaspersky observed more than 4,000 unique malicious and unwanted files disguised as popular apps in 2025. With the growing popularity of AI services, cybercriminals are increasingly disguising malware as AI tools. The number of cyberthreats mimicking ChatGPT increased by 115% in the first four months of 2025 compared to the same period last year, reaching 177 unique malicious and unwanted files. Another popular AI tool, DeepSeek, accounted for 83 files. This large language model launched in 2025 immediately appeared on the list of impersonated tools.

“Interestingly, threat actors are rather picky in choosing an AI tool as bait. For example, no malicious files mimicking Perplexity were observed. The likelihood that an attacker will use a tool as a disguise for malware or other types of unwanted software directly depends on the service’s popularity and hype around it. The more publicity and conversation there is around a tool, the more likely a user will come across a fake package on the Internet. To be on the safe side, SMB employees – as well as regular users – should exercise caution when looking for software on the Internet or coming across too-good-to-be-true subscription deals. Always check the correct spelling of the website and links in suspicious emails. In many cases these links may turn out to be phishing or a link that downloads malicious or potentially unwanted software,” says Vasily Kolesnikov, security expert at Kaspersky.

Another cybercriminal tactic to look for in 2025 is the growing use of collaboration platform brands to trick users into downloading or launching malware. The number of malicious and unwanted software files disguised as Zoom increased by nearly 13% in 2025, reaching 1,652, while such names as “Microsoft Teams” and “Google Drive” saw increases of 100% and 12%, respectively, with 206 and 132 cases. This pattern likely reflects the normalisation of remote work and geographically distributed teams, which has made these platforms integral to business operations across industries.

Among the analysed sample, the highest number of files mimicked Zoom, accounting for nearly 41% of all unique files detected. Microsoft Office applications remained frequent targets for impersonation: Outlook and PowerPoint each accounted for 16%, Excel for nearly 12%, while Word and Teams made up 9% and 5%, respectively.

The top threats targeting small and medium businesses in 2025 included downloaders, trojans and adware.

Phishing and spam

Apart from malware threats, Kaspersky continues to observe a wide range of phishing and scam schemes targeting SMBs. Attackers aim to steal login credentials for various services — from delivery platforms to banking systems — or manipulate victims into sending them money through deceptive tactics. One example is a phishing attempt targeting Google Accounts. Attackers promise potential victims to increase sales by advertising their company on X, with the ultimate goal being to steal their credentials.

Beyond phishing, SMBs are flooded with spam emails. Not surprisingly, AI has also made its way into the spam folder — for example, with offers for automating various business processes.

In general, Kaspersky observes phishing and spam offers crafted to reflect the typical needs of small businesses, promising attractive deals on email marketing or loans, offering services such as reputation management, content creation, or lead generation, and more.

Learn more about the cyber threat landscape for SMBs on Securelist (https://apo-opa.co/3I0itLw). To mitigate threats targeting businesses, their owners and employees are advised to implement the following measures:
- Use specialised cybersecurity solutions that provide visibility and control over cloud services (e.g., Kaspersky Next (https://apo-opa.co/4nzvzQm)).
- Define access rules for corporate resources such as email accounts, shared folders, and online documents.
- Regularly backup important data.
- Establish clear guidelines for using external services. Create well-defined procedures for implementing new software with the involvement of IT and other responsible managers.
Distributed by APO Group on behalf of Kaspersky.

For further information please contact:
Nicole Allman
nicole@inkandco.co.za

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About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect individuals, businesses, critical infrastructure, and governments around the globe. The company’s comprehensive security portfolio includes leading digital life protection for personal devices, specialized security products and services for companies, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help millions of individuals and over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.

MIL OSI Africa –
June 27, 2025