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Category: Artificial Intelligence

  • MIL-OSI: Crypto Casinos Taking Over in 2025: What Makes These Platforms Different? – 2025 Edition Now on All-iGaming.com

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 10, 2025 (GLOBE NEWSWIRE) — Ever wondered why your withdrawals take forever or why fees eat into your winnings? Enter crypto casinos—the game-changer shaking up online gambling. Powered by cryptocurrencies like Bitcoin, Ethereum, and more, these platforms deliver lightning-fast payouts, lower costs, and a level of privacy traditional casinos can’t touch.

    At All-iGaming.com, we’re here to guide you through this exciting frontier. Launched by All iGaming Limited, our platform is your one-stop resource for finding the best crypto casinos in 2025. Whether you’re chasing big bonuses, exploring new games, or just dipping your toes into crypto gambling, we’ve got you covered with expert reviews, practical tips, and insider knowledge.

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    Alex is our tech wizard, with years of experience in blockchain and smart contracts. He’s the one who verifies that a casino’s “provably fair” claim isn’t just hot air. Passionate about decentralization, Alex ensures you’re playing on platforms that prioritize fairness and innovation.

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    Jamie’s been dissecting the gambling world for over a decade. From bonus fine print to game odds, she knows what makes a casino tick. Her goal? To help you spot the deals worth claiming—and avoid the ones that aren’t. She’s your go-to for turning complex info into winning strategies.

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    Email:suppport@all-igaming.com

    Attachment

    • All iGaming

    The MIL Network –

    June 11, 2025
  • MIL-OSI Economics: DeepSeek-R1-0528 is now available on Azure AI Foundry

    Source: Microsoft

    Headline: DeepSeek-R1-0528 is now available on Azure AI Foundry

    We’re excited to announce that DeepSeek-R1-0528, the latest evolution in the DeepSeek R1 open-source series of reasoning-optimized models, is now available on the Azure AI Foundry. According to DeepSeek, the R1-0528 model  brings improved depth of reasoning and inferencing capabilities, and has demonstrated outstanding performance across various benchmark evaluations, approaching leading models such as OpenAI o3 and Gemini 2.5 Pro. In less than 36 hours, we’ve seen 4x growth in deployments of DeepSeek-R1-0528 compared to DeepSeek R1.  

    Building on the foundation of DeepSeek-R1, this new release continues to push the boundaries of advanced reasoning and task decomposition. DeepSeek-R1-0528 integrates enhancements in chain-of-thought prompting, reinforcement learning fine-tuning, and broader multilingual understanding, making it a powerful tool for developers building intelligent agents, copilots, and research applications.  Available within Azure AI Foundry, DeepSeek-R1-0528 is accessible on a trusted, scalable, and enterprise-ready platform, enabling businesses to seamlessly integrate advanced AI while meeting SLAs, security, and responsible AI commitments -all backed by Microsoft’s reliability and innovation. 

     

    What’s new in DeepSeek-R1-0528? 

    While maintaining the core strengths of its predecessor, DeepSeek-R1-0528 introduces: 

    • Improved reasoning depth through refined CoT (Chain-of-Thought) strategies. 
    • Expanded dataset coverage for better generalization across domains. 
    • Optimized inference performance for faster response times in production environments. 
    • New algorithmic optimization mechanisms during post-training. 

    DeepSeek-R1-0528 is joining other direct from Azure models and it will be hosted and sold by Azure. 

    Build Trustworthy AI Solutions with Azure AI Foundry 

    As part of our ongoing commitment to help customers use and build AI that is trustworthy, meaning AI that is secure, safe and private, DeepSeek-R1-0528 has undergone Azure’s safety evaluations, including assessments of model behavior and automated security reviews to mitigate potential risks. With Azure AI Content Safety, built-in content filtering is available by default, with opt-out options for flexibility. We suggest using Azure AI Content Safety and conducting independent evaluations in production, as researchers have found DeepSeek-R1-0528 scoring lower than other models—though in line with DeepSeek-R1—on safety and jailbreak benchmarks. 

    Get started today 

    You can explore and deploy DeepSeek-R1-0528 directly from the Azure AI Foundry model catalog or integrate it into your workflows using the Azure AI SDK. The model is also available for experimentation via GitHub. 

    Whether you’re building a domain-specific assistant, a research prototype, or a production-grade AI system, DeepSeek-R1-0528 offers a robust foundation for your next breakthrough. 

     

    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Russia: Wang Yi calls for advancing dialogue among civilizations

    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 10 (Xinhua) — China advocates advancing dialogue among civilizations by upholding equality, promoting exchanges and stimulating progress, Chinese Foreign Minister Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee, said in a video message at an event marking the first International Day of Dialogue Among Civilizations on Tuesday.

    The establishment of the International Day of Dialogue among Civilizations by the UN “meets the common aspirations of people around the world to advance dialogue among civilizations and human progress, and has been unanimously endorsed by all member countries,” Wang Yi said.

    He stressed that at a time when the world is facing profound transformations unseen in a century and enormous challenges, the value of civilizations has become more evident than ever before.

    Chinese President Xi Jinping put forward the Global Civilization Initiative, which aims to support the development of universal values, prioritize the preservation and innovative development of civilizations, and strengthen international cultural and humanitarian exchanges and cooperation, Wang recalled, calling it “China’s serious efforts to promote dialogue among civilizations.”

    According to Wang Yi, China proposes to approach this issue from three aspects.

    “First, we must uphold the equality of civilizations,” Wang Yi said, calling for respect for the right of each nation to independently choose its own development path and social system, saying “no” to inter-civilization conflicts, interference in the internal affairs of other countries, unilateralism and bullying, and instead upholding justice, universal equality and dignity.

    “Second, we should promote exchanges among civilizations,” Wang Yi continued. He said it was necessary to draw wisdom from inter-civilization dialogue to solve global problems and expand the path of global modernization. Wang Yi said that China is actively considering hosting the 2028 UN Alliance of Civilizations Global Forum.

    “Third, we must promote the progress of civilizations,” Wang said, calling for promoting the flow of ideas, technologies and people. He also stressed the importance of using new technologies such as artificial intelligence to support the preservation and innovative development of civilizations to continuously enrich the common material and spiritual wealth.

    In 2024, the 78th session of the UN General Assembly unanimously adopted a resolution proposed by China and 82 other countries, declaring June 10 as the International Day of Dialogue among Civilizations. -0-

    MIL OSI Russia News –

    June 11, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN interacts in luncheon meeting with Norwegian Parliamentary Members

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, held a luncheon meeting with members of the Norwegian Parliament, led by Hon. H.E.  Åslaug Sem-Jacobsen, in Oslo, Norway, on 10 June 2025. During the meeting, Dr. Kao commended the active participation of Norwegian parliamentary members as AIPA Observers and for their contributions to advance green and blue economic cooperation. Dr. Kao also expressed his appreciation for Hon. Sem-Jacobsen’s participation in the Women Parliamentarians of the ASEAN Inter-Parliamentary Assembly (WAIPA) Women’s Political Leaders Forum, at the 45th AIPA General Assembly in October 2024, which reaffirmed ASEAN and Norway’s shared commitment in gender equality, sustainability, and inclusive growth. Dr. Kao further underscored the importance of ASEAN–Norway collaboration in aligning legislative and executive priorities and reaffirmed ASEAN’s support for deeper engagement with the Norwegian Parliament through AIPA.

     
    The post Secretary-General of ASEAN interacts in luncheon meeting with Norwegian Parliamentary Members appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN meets with Deputy Leader of AIPA-Delegation from the Norwegian Parliament

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with H.E. Erna Solberg, Deputy Leader of AIPA-Delegation from the Norwegian Parliament, in Oslo, Norway, on 10 June 2025. Dr. Kao welcomed Norway’s strong commitment in ASEAN as a Sectoral Dialogue Partner and AIPA Observer, highlighting its active role in promoting sustainability, peace, and inclusive development. He acknowledged Norway’s support for green shipping development in ASEAN and encouraged stronger cooperation in other areas such as political-security and economic spheres. Dr. Kao also reaffirmed ASEAN’s support for enhanced collaboration with the Norwegian Parliament through AIPA, particularly in aligning executive and legislative priorities for regional peace and prosperity, among others.

    The post Secretary-General of ASEAN meets with Deputy Leader of AIPA-Delegation from the Norwegian Parliament appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Economics: ICC joins Business Call to Action to accelerate global cooperation for our oceans

    Source: International Chamber of Commerce

    Headline: ICC joins Business Call to Action to accelerate global cooperation for our oceans

    Share this:

    As the largest business association in the world, the International Chamber of Commerce is proud to be a convener of this important call to action, bringing the voice of the global business community to the United Nations Ocean Conference.

    The call is convened by an unprecedented coalition of business networks, supported by signatories, including 80 businesses with a combined turnover of over €$600 billion and 2 million employees. In anticipation of the upcoming 2025 United Nations Ocean Conference in Nice, France,the call builds on the experience of leading businesses and organisations already advancing a sustainable blue economy. It emphasises the intrinsic connection between land and sea, highlighting the contribution and interdependencies between coastal and marine environment and the United Nations Sustainable Development Goals.

    This call is directed at all economic actors, whether directly or indirectly connected to the ocean, and includes: 

    • A call to action for businesses to expedite maintaining ocean health through business actions, such as contributions to ocean science, monitoring and reducing environmental impacts, incorporating ocean considerations into their climate and nature roadmaps and investing in blue solutions.
    • A call to action for policy makers to pursue ambitious science-driven policies and measures that stimulate sustainable business action and to jointly address land and ocean for enhanced global resilience

    With this Business Call to Action, companies and business networks urge policymakers to:

    • Agree to adopt and implement international agreements: champion strong, sustainable outcomes for existing and upcoming ocean-related agreements,
    • Invest in ocean science and support strong science-policy interfaces,
    • Acknowledge and embed into policies the links between ocean, nature and climate,
    • Help all actors to collectively adapt to sea-level rise,
    • Develop robust and innovative finance mechanisms,
    • Raise awareness to encourage all actors to care for the ocean, even those based on land.

    This business declaration is still open to new signatories. For information on signing this declaration please contact

    The Business Call to Action is convened by global and leading business networks including International Chamber of Commerce (ICC), United Nations Global Compact (UNGC), World Economic Forum (WEF), We Mean Business Coalition (WMB), Business for Nature (BfN), Mouvement des Entreprises de France (MEDEF), UN Global Compact Network France and Association française des Entreprises pour l’Environnement (EpE).

    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Global: Trump–Xi call boosts Chinese president’s tough man image — and may have handed him the upper hand in future talks

    Source: The Conversation – Global Perspectives – By Linggong Kong, Ph.D. Candidate in Political Science, Auburn University

    Presidents Xi Jinping and Donald Trump at the G20 Summit on July 7, 2017, in Hamburg, Germany. Mikhail Svetlov/Getty Images

    On June 5, U.S. President Donald Trump held a phone call with Chinese President Xi Jinping. It marked the first direct conversation between the two leaders since Trump began his second term — and the first since tensions sharply escalated in 2025’s U.S.-China trade war.

    After the call, Trump was quick to frame it as a success for his administration, posting on social media that it led to “a very positive conclusion for both Countries.” He later told reporters that Xi had agreed to resume exports of rare earth minerals and magnets to the U.S. — allaying the fears of the auto industry, which had previously warned that parts suppliers were facing severe and immediate risks to production.

    The presidential phone call also yielded an invitation for Trump and first lady Melania to visit China, an invitation that Trump reciprocated.

    But aside from the easing of some trade tension and surface-level niceties, the call conveyed subtle messages about an imbalance in the bilateral dispute. As an expert on U.S.-China relations, I believe these subtleties point to Xi having the upper hand in U.S.-China talks and also using Trump as a foil to burnish his own image as a strong leader at home and abroad.

    A rare earths ace

    The Trump-Xi call should not distract from the fragile state of China-U.S. relations — and the willingness of Beijing to play its “rare earth materials card.”

    Beijing suspended rare earth shipments to prominent American companies following the U.S. imposition of tariffs on China.

    Although China and U.S. delegations reached a 90-day tariff truce in Geneva on May 12, negotiations between the two countries remain ongoing. As many observers have noted, deep-rooted and structural differences — such as disputes over currency manipulation, export subsidies and other nontariff barriers — continue to cast a long shadow over the prospects of U.S-China trade talks.

    U.S. auto assembly lines are reliant on rare earth materials from China.
    Jeff Kowalsky/AFP via Getty Images

    Under the terms of the Geneva deal, China agreed to suspend or lift its export ban on rare earths — something the U.S. accuses China of dragging its feet on.

    Beijing, in turn, accuses the U.S. of breaking the Geneva agreement first and blames Washington for rolling out a wave of discriminatory measures against China after the talks, including new export controls on artificial intelligence chips, a ban on selling electronic design automation software to Chinese companies, and plans to revoke visas for Chinese students.

    Trump’s order banning American companies from using AI chips by China-based Huawei — issued just one day after the Geneva agreement on May 12 — was seen by many in Beijing as directly countering the spirit of the agreement. Indeed, it may well have prompted Beijing to delay the resumption of rare earth exports to the U.S. in the first place.

    Aside from the actual effect of the resumption of rare earth exports, Trump’s apparent priority given to the issue signals to Beijing just how reliant the U.S. is on China in this regard — something that would not have gone unnoticed by Xi.

    Xi never came calling

    Just one day before the June 5 call, Trump wrote on social media: “I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!”

    His conversation with the Chinese leader would have further reinforced Xi’s tough image — not just for a Chinese audience, but for international observers as well.

    This was certainly encouraged by how China described the call. According to China’s official statement, Xi “took a phone call from U.S. President Donald J. Trump” – the subtle implication being that it was Trump who initiated the call.

    This framing promotes the idea that Xi holds the upper hand. The Chinese statement also highlighted that the Geneva talks were “at the suggestion of the U.S. side,” implying that China did not back down in the face of Trump’s trade pressure — and that it was Trump who ultimately blinked first.

    China’s message is particularly significant given that, as the U.S.-China trade war intensified in April, Washington believed it could gain “escalation dominance” by imposing tariffs on Chinese goods — perhaps underestimating China’s ability to retaliate effectively and assuming Beijing would be eager to negotiate.

    Prior to the June 5 communication, Trump repeatedly expressed hope that Xi would call him, yet Xi never took the initiative. On April 22, Trump told Time magazine that Xi had phoned him — an assertion that Beijing quickly denied.

    Throughout the trade standoff, Xi refrained from initiating contact with Trump, and in the end, it was Trump who reached out.

    This undoubtedly enhanced Xi’s image back home — and potentially undermined Trump’s negotiating posture.

    The official Chinese statement following the talks noted: “The Chinese side is sincere about this, and at the same time has its principles. The Chinese always honor and deliver what has been promised. Both sides should make good on the agreement reached in Geneva.”

    Those words appear aimed at signaling to the international community that it is the U.S. — not China — that failed to uphold its end of the Geneva agreement.

    The second-to-last paragraph of the Chinese statement on the phone call noted: “President Trump said that he has great respect for President Xi, and the U.S.-China relationship is very important. The U.S. wants the Chinese economy to do very well. The U.S. and China working together can get a lot of great things done. The U.S. will honor the one-China policy. The meeting in Geneva was very successful, and produced a good deal. The U.S. will work with China to execute the deal. The U.S. loves to have Chinese students coming to study in America.”

    While much of this language may be standard diplomatic rhetoric, it clearly aims to box in Trump as the supplicant in the current dispute and implies that he is moving closer to China’s positions, including key nontrade issues like U.S. visas for Chinese students.

    A game of telephone?

    Aside from the optics or broader question of who is “winning” the dispute, the Trump-Xi call has certainly eased some tensions on both sides — at least temporarily.

    For the U.S., concerns over rare earth supplies were alleviated. Since the call, it has been reported that China has issued temporary export licenses to companies that supply rare earth materials to America’s three largest automakers.

    For China, Trump’s remarks seemingly helped reduce anxiety over issues such as Taiwan and student visa restrictions.

    But given the deep and fundamental differences between the two countries on trade and economic matters — and recalling how trade negotiations repeatedly stalled and restarted during Trump’s first term — there is good reason to believe that future talks could face similar setbacks.

    But what is clear now, especially compared with the trade war during Trump’s first administration, is that Beijing appears better prepared and more skilled at leveraging its rare earth exports as a bargaining chip.

    In many ways, Trump faces the greater pressure in his handling of Xi. Should talks collapse, any resulting supply chain disruptions could lead to rising inflation, market volatility and economic woe for the U.S. — with the associated risks of political fallout ahead of the midterm elections. Xi will know this and, in rare earth materials, has an ace up his sleeve to pull out when needed.

    Indeed, Trump may find himself needing to reach out to Xi again in the future in an effort to revive troubled trade negotiations. But doing so would only reinforce Xi’s image as the tougher and more dominant figure.

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

    – ref. Trump–Xi call boosts Chinese president’s tough man image — and may have handed him the upper hand in future talks – https://theconversation.com/trump-xi-call-boosts-chinese-presidents-tough-man-image-and-may-have-handed-him-the-upper-hand-in-future-talks-258437

    MIL OSI – Global Reports –

    June 11, 2025
  • MIL-OSI Global: Europe is perfectly placed to lead a world abandoned by the US – but will it meet the moment?

    Source: The Conversation – UK – By Francesco Grillo, Academic Fellow, Department of Social and Political Sciences, Bocconi University

    Shutterstock/Coffeemil

    I believe we Europeans feel far too safe. Europe’s political and economic leadership in the world, which was still unchallenged at the beginning of the century, has long since ceased to exist. Will the dominant cultural influence of Europe be maintained? I think not, unless we defend it and adjust ourselves to new conditions; history has shown that civilisations are all too perishable.

    It is astonishing how much these words used in 1956 by Konrad Adenauer, one of the founding fathers of the European Union, still sound valid today. They perfectly define the current state of the union. Europeans are still struggling to adjust to new conditions – and the conditions to which they need to adjust also continue to change dramatically.

    The battle for technological leadership is the current version of this struggle. Success in this domain could transform Europe, yet the continent remains complacent about its decline into backwardness. The European commission itself calculates that of the 19 digital platforms that have more than 45 million EU users, only one (Zalando) is from the EU.

    Information is (economic and political) power and losing control means to gradually lose both market share and the ability to protect European democracies. Brussels has produced a mass of regulation on digital services, yet American digital platforms are getting away with what European leaders themselves call the manipulation of democratic elections, with very little repercussions. Elon Musk’s X, was banned in Brazil for less – refusing to ban accounts accused of spreading misinformation.

    This decline, however, has been slow enough to lull European leaders into complacency about the future.

    Meanwhile, Donald Trump has a point when he laments that the European Union has been slow to engage in the negotiations he imposed on trade. Indeed, even on trade – one of the very few areas in which the European Union has a mandate from the member states to deal directly with third parties – progress is generally stuttering. The commissioner in charge has to constantly find a common denominator with the agendas of 27 member states, each of which has a different industrial agenda.

    Europe’s decision-making processes are sub-optimal. Indeed, they were built for a different age. There is no shared voice on foreign policy – the EU has been able to say far less on Gaza than individual countries like Spain or the UK, for example. This may have the practical consequence of eroding the “moral leadership” that should still be Europe’s soft advantage.

    Crisis of confidence

    Europe’s failure to respond to real-world changes is due to sub-optimal institutional settings. However the current paralysis in the face of clear need for action may be due to an even more fundamental question of trust in its own capabilities.

    On one hand, there still seems room for complacency. As Stanley Pignal, the Charlemagne columnist for The Economist, recently put it, Europe can take a moderate amount of satisfaction from its continued status as a place where people are free to pursue “life, liberty, and the pursuit of happiness”. Yet, it is evident that the institutions needed to concretely achieve those objectives are crumbling: healthcare systems and welfare; robust and independent media; energy and military autonomy in a world without order.

    On the other hand, Europe is increasingly resigned. A global poll taken by Gallup International shows that when responding to the question “do you think that your children will live better than you?” seven of the most pessimistic countries of the world are from the EU. Only 16% of Italians and 24% of French respondents answered “yes” to this question.

    According to Ipsos, less than half of young Europeans feel prepared to enter the job market. And they blame the education system for that. The picture may well be even worse now – this survey was taken in 2019, before the pandemic, war in Europe and, more importantly, AI made the picture even more uncertain.

    Europe has no alternative, as even far-right and far-left parties seem to acknowledge. Note that France’s Rassemblement National and Italy’s Lega no longer talk about exiting the EU but about changing it from the inside. Individual nation states simply do not have the minimum scale to even try to take leadership in a world looking for a new order.

    In a world abandoned by the US, Europe stands a real chance. However, it urgently needs to be creative enough to imagine new mechanisms through which EU institutions take decisions and EU citizens have their say. This in turn requires an entire society to somehow recover the reasonable hope that decline is not inevitable (although we also must be aware that it may even nastily accelerate).

    Finally, young people are absolutely crucial in the process. The rhetoric of “listening to them” must now be replaced by a call for them to govern. They are today what Karl Marx would have probably defined as a class – with very specific demographic, cultural, economic and linguistic characteristics. These must be turned into a political agenda and a new vision of what Europe of the future could look like.


    The challenges ahead for the European Union will be the subject of the forthcoming conference on the Europe of the future in Siena, Italy. This will feed into a seven-point paper that will be discussed with EU institutions.

    Francesco Grillo is associated to VISION think tank.

    – ref. Europe is perfectly placed to lead a world abandoned by the US – but will it meet the moment? – https://theconversation.com/europe-is-perfectly-placed-to-lead-a-world-abandoned-by-the-us-but-will-it-meet-the-moment-258030

    MIL OSI – Global Reports –

    June 11, 2025
  • MIL-OSI United Kingdom: expert reaction to news about Sizewell C nuclear plant, and small modular reactors

    Source: United Kingdom – Executive Government & Departments

    June 10, 2025

    Scientists comment on news that the UK government is investing in a nuclear plant at the Sizewell C site and a small modular reactor programme. 

    Prof Patrick Regan, Professor of Nuclear Metrology, University of Surrey, said:

    “The announcement that the UK government has committed £14.2bn of investment to build European Pressurized Reactors (EPRs) at the Sizewell C site will contribute to the UK tackling the delicate balance between ever-increasing secure energy requirements and our commitment to achieving net-zero. The EPRs planned at Sizewell C represent Generation 3+ technology and build on more than 70 years of operational reactor experience worldwide to provide the cleanest, safest and most efficient form of nuclear power yet.

    “This large investment, however, brings with it the obvious need to produce and maintain a highly skilled, expert workforce related to all phases of the Sizewell C project. Science and Engineering Apprentice, Graduate and Post-Graduate training in areas such as chemical engineering, material science, nuclear physics & radiochemistry, environmental monitoring,  radiation measurement and health physics will be key in enabling ‘life-long’ UK-based careers in this industry, in line with such a far horizon project. This is a long-term investment in the UK’s national infrastructure, and it needs a skilled workforce to ensure its ultimate success.”

     

    Dr Phil Johnstone, Principal Research Fellow, University of Sussex Science Policy Research Unit, Patron of Nuclear Information Service, Member of Sussex Energy Group, and Member of Nuclear Consultation Group:

    Is this a good move? 

    “The decision on Sizewell C is a bad move. It will likely lead to increasing costs for UK electricity consumers and represents a significantly slower means of combatting climate change than alternative options. The announcement comes alongside the decision to select submarine reactor manufacturer Rolls Royce as the winning bidder to develop Small Modular Reactors. These are part of the same underlying goal: to sustain the UK military nuclear industrial base via subsidies from civil nuclear power, with democratic scrutiny of this strategy almost entirely absent.”

    Prof Andy Stirling, professor of science and technology policy at the University of Sussex Science Policy Research Unit:

    Is this a good move (or not) when it comes to energy and fossil fuels?

    “It is well acknowledged behind the scenes (but denied in public), that this move is more intended to support the kind of nuclear industrial base needed for military than for climate reasons. Nuclear power stations like Sizewell C are so slow and expensive compared to renewables and storage strategies, that they erode rather than enhance climate action.”

    What does this mean for UK energy production?  Is there overspeculation?

    “This will make UK energy production needlessly more expensive, less secure and less effective in climate terms, than if the same money had been spent on renewables and energy storage.”

    What does the science say?

    “On this as on many other policy issues, what counts as ‘the science’ is more uncertain and context-dependent than any side typically implies. If either nuclear advocates or critics claim their arguments to be uniquely or unequivocally science-based then that is a sign that they are seeking to mislead.”

     

    Dr Sarah Darby, Emerita Research Fellow, Energy Programme, Environmental Change Institute, University of Oxford, said:

    “The argument that building Sizewell C will be markedly cheaper and quicker than Hinkley C is weak. Hinkley C is ‘first of a kind’ in the UK but has the same design as Olkiluoto in Finland and Flamanville in France. These two have been, respectively, over 10 years late and almost four times over budget [1] and over 12 years late and over four times over budget in real terms [2,3]. Neither is yet working reliably [4,5].

    “The unfinished Hinkley C was reported by EdF last year as already 90% over budget and 7 years late – and EdF do not expect it to be finished before 2029-31.

    “In the light of these figures from three power plants of the same design as SZC, Ed Miliband’s forecast of a 10-year build time looks wildly optimistic. Where cost and complexity are concerned, there is the additional concern about the SZC site being on a flood-prone and eroding coastline, with sea levels on the rise.

    “EdF are now wholly owned by the French government, following their extreme financial difficulties, and it is unclear whether they will take any stake at all in SZC. This is hardly a vote of confidence in the prospects of their own design.

    “The argument that nuclear build helps with climate goals is similarly weak. New nuclear would arrive too late to assist – renewables already supply over half of UK generation [6] –  and are on the rise. The massive sums involved are money not spent on quicker and more effective moves towards energy transition. Bloomberg NEF’s latest assessment of energy transition investment trends* refers to renewables, energy storage, electric vehicles, and power grids as ‘proven, commercially scalable [and with] established business models’, yet categorises nuclear power as an ‘emerging’ technology, with investment held back by lack of affordability and technology maturity [7].

    “Nuclear is being presented by the Government as complementary to renewables, for ‘when the sun doesn’t shine and the wind doesn’t blow’. But what we need for these times – and for times of abundant renewable supply – is flexibility from storage and demand-side response, not large-scale inflexible power plants that cannot easily be turned down or up and that can be shut down at a moment’s notice [5,8].

    “As so often, the debate is focused on supply rather than demand – what we use energy for. The government are citing figures of a doubling of demand by 2050 that are certainly not set in stone and likely to be exaggerated. AI demands are the new kid on the block but, as DeepSeek has shown, they need not be nearly as high as is often made out. There is still plenty of scope to improve energy security through energy efficiency, allied with storage and demand-side response, without compromising quality of life [9].

    “Successive governments have already sunk £6.4bn of taxpayers’ money into Sizewell C, but this is no reason to compound the error. A further £14.2bn is substantial but falls a long way short of the £40bn ‘overnight’ cost estimated by the FT [10]. Further, this £40bn estimate does not take into account the costs of capital, decommissioning and disposal of waste. The last of these is itself a topic of major concern to the Public Accounts Committee [11].

    “It is not too late to avoid a FID for Sizewell C and to steer funding in more productive directions, including modernisation of the electricity grid, energy efficient buildings and transport systems, and storage. Such investment could create jobs and improve living conditions around the country.”

    References

    1 – https://reneweconomy.com.au/big-batteries-and-evs-to-the-rescue-again-as-faults-with-new-nuclear-plant-cause-chaos-on-nordic-grids/

    2 – https://www.thetimes.com/world/europe/article/delays-debts-and-false-promises-inside-frances-nuclear-nightmare-h2wpfhx0w

    3 – https://www.edf.fr/sites/groupe/files/2023-04/edf-urd-annual-financial-report-2022-en.pdf

    4 – https://www.reuters.com/business/energy/newest-french-reactor-faces-further-delays-due-new-issues-2025-04-11/

    5 – https://eandt.theiet.org/2025/03/12/radioactive-coolant-leak-europes-largest-nuclear-reactor

    6 – https://www.gov.uk/government/statistics/total-energy-section-1-energy-trends

    7 – https://about.bnef.com/insights/finance/global-investment-in-the-energy-transition-exceeded-2-trillion-for-the-first-time-in-2024-according-to-bloombergnef-report/

    8 – https://royalsocietypublishing.org/doi/full/10.1098/rsta.2016.0462

    9 – https://www.creds.ac.uk/publications/strategy-and-policy-statement-for-energy-policy-in-great-britain-creds-response/

    10 – https://www.ft.com/content/0b483728-de5b-4f2e-8d00-c49885c572c9)

    11 – https://committees.parliament.uk/committee/127/public-accounts-committee/news/207132/sellafields-race-against-time-nuclear-waste-cleanup-not-going-quickly-enough-pac-warns/

     

    Stephanie Baxter, Head of Policy, Institution of Engineering and Technology, said:

    “The £14.2 billion of funding announced today for the development of Sizewell C, alongside selecting Rolls-Royce SMR as the preferred bidder to develop the UK’s first small modular reactors, marks an important step forward towards nuclear playing a significant role in the UK’s energy mix.

    “Nuclear infrastructure, both large and small, will be needed in our energy system if the UK is to have a secure, affordable and sustainable energy system for 2030 and beyond. However, the Government must also take a whole system view of the wider energy system to ensure new nuclear infrastructure compliments other energy generation and distribution resources currently deployed and being developed.

    “Significant infrastructure projects such as these rely on long-term stability – in the supply chain, regulations and the skills pipeline. That is why today’s announcements must be backed up by clear plans for delivery, including engagement with local communities.

    “These ambitions will also not be met without the skilled engineering and technician workforce that will be critical to delivering and maintaining new nuclear infrastructure.

    “Great British Energy must work closely with Skills England to ensure that these plans are backed by a long-term workforce strategy to deliver skilled job opportunities across the country – both by training up new workers in schools and colleges, and upskilling/reskilling the existing workforce through flexible funding in the Growth and Skills Levy.”

    Will Davis, Nuclear Expert and a Member of the Institution of Engineering and Technology’s Sustainability and Net Zero Policy Centre, said:

    “Today’s announcements are a clear demonstration of the government’s long-term commitment to low-carbon energy security, extending beyond the 2030 clean power target and taking concrete steps toward achieving net zero by 2050.

    “To meet our net zero ambitions, we must significantly scale up electricity generation – by two to three times current levels – and this will only be possible through large-scale projects like Sizewell C and the Small Modular Reactor (SMR) programme.

    “While these developments are both welcome and necessary, the UK nuclear industry must address its ongoing credibility challenges around delivering projects on time and within budget. Unlike the UK’s Hinkley Point C, nuclear projects in countries like China and the UAE have avoided major delays. Learning from these international examples is essential if we are to attract private investment and reduce reliance on gas-fired power stations.

    “The selection of a preferred bidder for the SMR fleet is a long-awaited milestone – over a decade in the making – and we’re pleased to see it finally progressing.

    “The clarification of roles between Great British Energy and Great British Energy – Nuclear, with NESO overseeing the critical upgrades to our national electricity infrastructure is welcomed. These upgrades are vital and must be properly funded, not treated as an afterthought.

    “With the announcements on Sizewell C and SMRs, we urge the government to clarify its position on future gigawatt-scale nuclear projects, such as the previously proposed development at Wylfa.

    “New nuclear power stations require a high-tech supply chain and a highly skilled workforce. Investment in key manufacturers like Sheffield Forgemasters is encouraging, but broader supply chain investment hinges on project certainty – contracts must be signed.

    “The IET continues to support the sector through initiatives like the Nuclear Skills Taskforce. We’re also pleased to see continued investment in STEP, the UK’s prototype fusion power plant. A £2.5 billion commitment is significant and deserves more visibility.

    “However, we note the absence of updates on advanced nuclear technologies, which could play a crucial role in decarbonising hard-to-abate sectors such as steelmaking and hydrogen production. We hope to see further clarity on this soon.”

    Dr Lewis Blackburn, Lecturer in Nuclear Materials, University of Sheffield, said: 

    “Today the UK government demonstrated a clear and renewed commitment to nuclear fission as a means to achieve Net Zero, a key goal that was outlined in the 2024 White Paper “Civil Nuclear: Roadmap to 2050”. This comes in the form of an approximately £14B commitment to the Sizewell C project, comprising two EPR (European Pressurised Reactors) delivering a total of 3.2 GWe. The project is forecast to support 70k jobs and produce enough energy to power 6M UK homes. Today’s news also comes alongside an announcement that Rolls-Royce have been identified as the preferred bidder to construct the UK’s first Small Modular Reactors (SMR) – a fleet of smaller fission reactors designed to be built ‘modular’ on a production line, prior to shipping and assembly on-site. 

    “The UK faces a potential skills challenge in the field of nuclear engineering and projects like Sizewell C and Rolls-Royce SMR offer an exciting opportunity to build a skills pipeline, increasing the number and diversity of people entering the nuclear workforce, and bolstering the supply chain.

    “In order for the UK to maintain its international reputation as a leader in civil nuclear, it must continue to invest heavily in new infrastructure, the wider industrial supply chain and R&D. Thus, producing the next generation of nuclear expertise in both the industrial and academic sectors, equipping them with the skills required for the UK to continue to utilise nuclear fission, safely, for generations to come. 

    “An important aspect of this is ensuring that highly radioactive waste, generated as a by-product of nuclear fission, is not passed onto future generations and is permanently disposed of. In this area, the UK is in the process of siting a geological disposal facility – a dedicated site wherein intermediate and high-level radioactive waste will be isolated from the wider environment permanently. The international consensus in the wider scientific and technical community is that this is the only feasible way to safely manage such wastes, ensuring passive safety. This is the focus of significant R&D in both the technical and academic space.”

    Dr Mark Foreman, Associate professor of Nuclear Chemistry / Industrial Materials Recycling, Chalmers University of Technology, Sweden, said:

    “Building a new power plant based on light water reactors at Sizewell is a good idea, it will provide a reliable supply of electric power which will help society reduce its dependency on fossil fuels. I hold the view that it will be a safe means of providing for the energy needs of society. Many critics of nuclear power use the example of the Chornobyl accident to argue that all nuclear power plants are unsafe. This is unreasonable, operating the Chornobyl reactor in the same way as it was just before the accident can be thought of as like roller blading along the M1. While running modern (or even a 1980s era) light water reactor is like calmly driving a Volvo equipped with all the latest safety features along the M1.”

     

    Prof Robin Grimes FRS FREng, Professor of materials physics, Imperial College London, said:

    “Large plants such as Hinckley, currently under construction and this announced plant at Sizewell are very good at providing constant base load electricity capacity. They are also good for supporting grid stability and providing inertia. Of course they offer generation diversity and energy security. They will offer these benefits for many decades. As we turn to more electricity use to reduce carbon emissions we will need more nuclear electrify. However, large plant are less good at helping with the inherent intermittency of renewables. For this we need the greater flexibility as provided by small modular reactors or the higher temperatures of advanced modular reactors which offer access to more technology options for decarbonisation. I therefore see this announcement as part of the systems approach by which we progress to greater energy security and decarbonisation.”

    Prof David Armstrong, Professor of Materials Science and Engineering (Department of Materials), University of Oxford, said:

    “This is excellent news for the UK energy landscape. As the UKs aging AGR fleet retires new baseload energy is required. Sizewell C will sit alongside Hinkley Point B to provide sustainable emission free baseload energy complementing the growing wind and solar power and making a significant contribution to UK energy security.”

    Dr Iain Staffell, Associate Professor of Sustainable Energy at the Centre for Environmental Policy, Imperial College London, said:

    “Today’s decision is an important one, but even with Hinkley C and Sizewell C, the UK’s nuclear capacity in the 2030s will still be below its 1990s peak.

    “After a decade of dithering, Sizewell C is a litmus test of the UK’s ability to deliver complex infrastructure on schedule.

    “This deal lives or dies on its delivery.  Sizewell C must be built on time and on budget, learning from the (many) mistakes from Hinkley Point C and other UK mega-projects.

    “Nuclear power offers a strong energy security hedge.  Fuel and key parts can be stockpiled, insulating consumers from foreign instability and gas price spikes.

    “Sizewell C won’t start generating for nearly a decade if it is built on time, so it only just contributes towards the Government’s 2035 clean-power goal.  But, it is building for the long-term, and will deliver carbon-free electricity well into the 2080s.

    “People are rightly concerned by the environmental impacts and emissions from the enormous construction project, but compared to the scale of energy production over the next six decades, nuclear remains one of the cleanest power sources we have.

    “The upfront cost is undoubtedly high.  £14 billion could fund around 10 GW of offshore wind versus just 3.2 GW of nuclear.  But, these reactors will run day and night, especially valuable when the wind is not blowing.”

    Louis Barson, the Institute of Physics Director of Science, Innovation and Skills said:  

    “It is good to see this decision made about developing Sizewell C. New nuclear will play a vital role in bringing reliable, secure and affordable power to new markets, decarbonising industry and helping countries meet their net zero commitments – as part of our future low-carbon energy mix.

    “But we need to make sure we also pay attention to the desperate need for hundreds of thousands of skilled workers to support both this project and the development of smaller, modular, nuclear reactors. 

    “Signing off on Sizewell C is only half the picture, we need the nuclear-ready scientific workforce to make it a reality: that means more physics teachers, well-funded physics departments in universities and a healthy pipeline of physics talent.” 

    Tom Greatrex, Chief Executive, Nuclear Industry Association, said:

    On Sizewell C Given Go-Ahead from Government

    “This is a momentous day for Sizewell C and for the British nuclear programme. Sizewell C is one of Britain’s most important clean power projects, and will give the country the jobs, the economic growth and the energy security we need to ensure a secure and reliable power supply for the future. This record investment confirms the government is serious about building new nuclear and all the economic benefits that come with it, and will be welcomed in communities the length and breadth of Britain.”

    On Rolls-Royce SMR Winning the UK SMR Competition

    “This is a hugely significant moment for Rolls-Royce SMR and for the British nuclear programme. These SMRs will provide essential energy security and clean power alongside large scale reactors, all the while creating thousands of well-paid, skilled jobs, opportunities for growth right across the country and significant export potential. We look forward to working with Rolls-Royce SMR and all other potential SMR vendors, including those not successful today, on making Britain the best place to build new nuclear anywhere in the world.”

     

    Prof Mark Wenman, Professor in Nuclear Materials, Imperial College London, said:

    “This is a big step forward.  Since the 1990s the amount of nuclear energy the UK produces has been steadily declining from around 12 to 4.5 GWe today.  Sizewell C will help reverse this trend and  further provide the UK with energy security. It will help balance the grid with the increase of renewables, replace fossil fuel plants and protect us against potential blackouts, as recently seen in Spain.  Whilst the costs may seem high initially, this needs to be balanced against the fact that these reactors will produce low carbon electricity  for 80 or possibly 100 years, 24/7, providing around a tenth of the current  UK electricity needs.  Once paid for, nuclear reactors produce the cheapest  electricity of any kind, so this investment should be seen as future proofing the UK electricity system.”

     

    Prof Adrian Bull, Chair in Nuclear Energy and Society, Dalton Nuclear Institute, University of Manchester, said:

    “It’s very welcome news to see the announcements today of Government support for a new wave of nuclear power in this country.  We’ve known for decades that reliance on imported gas could ruin the environment – but recent years showed us that it can ruin the economy too.  Nuclear gives much-needed resilience against global fossil fuel prices, without emitting the gases that cause climate change, so it’s excellent news that we are going to see new plants – both large and small – built.

    “I’m especially pleased that we have finally got over our national phobia of replicating a previous project.  We’ve never done that in our UK nuclear fleet before, but the rest of the world learned ages ago that series construction is the route to certainty over the time and budget for such projects.  Doing the same things at Sizewell which we have already done at Hinkley Point is much easier than starting from scratch to build a massively complex plant for the first time.

    “The announcement of Rolls Royce as the winner of the SMR competition is a welcome sign of progress, but it’s disappointing to see only one winner selected, when we had all anticipated more.  Government has long been supporting the Rolls Royce SMR project – with over £200m of public funds provided already – so it was inconceivable they would not be on the podium at the end of the race.  Seeing them there alone makes the two years spent by Great British Nuclear on running a competition look like time and effort that could have been better spent.

    “Overall though, these nuclear plants – whilst not cheap – will produce reliable, low carbon electricity around the clock and will most likely do so for the best part of a century.  This is an investment in our grandchildren’s future as well as helping towards our 2050 climate goal.”

    Prof Dame Sue Ion GBE FREng FRS, a Fellow of the Royal Academy of Engineering, said:

    “It’s really good news that the Government is finally taking steps to ensure that nuclear energy plays the vital role it should in achieving significant quantities of stable low carbon electricity.  Perhaps as importantly, if not more so, is the news that Rolls Royce’s Small Modular Reactor has been selected as the technology of choice to progress the opportunity presented by SMRs.  These systems are designed from the outset to be modular, with modern construction techniques using much more factory fabrication, so they will be faster and easier to build.”

    Prof Tom Scott, Professor in Materials, University of Bristol, said:

    “This is an extremely important strategic step for the UK towards achieving net zero carbon emissions.  Nuclear energy is a safe, secure and reliable form of electricity generation.  With the lessons learnt from the Hinkley Point C project, and with the experienced workforce and supply chain that has been established because of it, my expectations are high for the delivery of Sizewell C at a much lower cost and shorter timescale.

    “The announcement about Government investment in Sizewell C and more excitingly, about the investment in Small Modular Reactors (SMRs), really shows the Government’s understanding and commitment towards nuclear as a key part of the solution towards achieving zero carbon emissions in the UK.

    “SMRs offer the potential for providing new nuclear power stations much faster and more cheaply than conventional large-scale light water reactors like Hinkley Point C.  Ultimately, the roll-out of SMRs delivered by British companies like Rolls-Royce will help to keep our electricity prices low whilst also generating high-value jobs across the U.K.  This is a smart investment for the UK.”

    Dr Mark Foreman, Associate professor of Nuclear Chemistry / Industrial Materials Recycling, Chalmers University of Technology, Sweden, said:

    “Building a new power plant based on light water reactors at Sizewell is a good idea, it will provide a reliable supply of electric power which will help society reduce its dependency on fossil fuels.  I hold the view that it will be a safe means of providing for the energy needs of society.  Many critics of nuclear power use the example of the Chornobyl accident to argue that all nuclear power plants are unsafe.  This is unreasonable, operating the Chornobyl reactor in the same way as it was just before the accident can be thought of as like roller blading along the M1.  While running modern (or even a 1980s era) light water reactor is like calmly driving a Volvo equipped with all the latest safety features along the M1.”

    **https://www.bbc.co.uk/news/articles/c4gr3nd5zy6o

    Declared interests

    Prof Adrian Bull: “I am a (paid) part time Professor at the Dalton Nuclear Institute, part of the University of Manchester; I am a (paid) consultant for US nuclear communications consultancy Full On Communications; I am an (unpaid) Board member of the Northern Nuclear Alliance; I am an (unpaid) Trustee of the Nuclear Institute; and am also the President-Elect, taking over in Jan 2026.”

    Prof Dame Sue Ion: “Sue is Honorary President of the National Skills Academy for Nuclear.” “Sue is also a member of the Nuclear Regulatory Task Force.”

    Prof Tom Scott: “In terms of interests, I am Director of the Spur West Nuclear Hub and Professor of Nuclear Materials at the University of Bristol sponsored by the Royal Academy of Engineering and the UK Atomic Energy Authority.

    The nuclear hub is a consortium of academic, industrial and governmental partners coalescing around the requirement for research, skills and innovation in the UK nuclear sector.”

    Dr Mark Foreman: “I have worked on advanced nuclear reprocessing for years and have also have worked on nuclear reactor safety issues.  I have done and supervised research on the chemistry of nuclear accidents.”

    Prof Mark Wenman “I have previously received funding for research from EDF Energy, Rolls-Royce, the UK National Nuclear Lab”

    Tom Greatrex “The NIA is funded by its 320 member companies from across the civil nuclear industry.”

    Dr Iain Staffell “I receive industry funding from a several companies in the UK and European energy sector, I try to keep this balanced so as not to over-represent any one technology or organization.  Recent funding sources include: Drax, Octopus, SSE, HM Government, NESO (National Grid), EWE, Aurora, Baringa, Shell, Uniper, SLB, and the World Bank.”

    Prof David Armstrong “I’ve had funding from UKAEA, Rolls Royce and EdF for research and students over the last 20 years.”

    Prof Robin Grimes “I am a non-executive director of UKAEA and receive research funding from the UK national nuclear laboratory.”

    Dr Mark Foreman “I do not currently get any money from the nuclear industry, I do not stand to make any money from the sales of nuclear products / technology. I have not been employed by the nuclear industry. I think that in terms of conflicts of interest I have none.”

    Dr Lewis Blackburn “He receives funding from industry via Nuclear Decommissioning Authority, National Nuclear Laboratory, and Nuclear Waste Services”

    Stephanie Baxter “No conflicts of interest.”

    Will Davis “No conflicts of interest.”

    Prof Andy Stirling “no conflicts of interest to declare.”

    Dr Phil Johnstone “no conflicts of interest to declare.”

    Dr Sarah Darby “I have no conflicts of interest to declare.”

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-OSI: Primech AI, Subsidiary of Primech Holdings Wins Robotics Category at Singapore Business Review Technology Excellence Awards 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced that it has been named Winner in the Robotics category at the prestigious Singapore Business Review (SBR) Technology Excellence Awards 2025. This recognition underscores Primech AI’s commitment to innovation and leadership in the robotics industry and its ongoing efforts to drive technological advancements that enhance productivity and transform industries.

    The SBR Technology Excellence Awards celebrate the achievements of Singapore’s top technology companies and innovators, highlighting organizations that have made significant contributions to the nation’s digital transformation journey. As detailed in the official SBR announcement, this year’s ceremony recognized outstanding projects and solutions shaping the future of technology in Singapore and beyond.

    Primech AI’s award-winning robotics solutions have set new benchmarks for efficiency, reliability, and intelligent automation. HYTRON model incorporates the NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. Known for its compact size and powerful AI capabilities, the NVIDIA Jetson Orin Super facilitates high-energy efficiency and superior AI processing at the edge, empowering HYTRON to deliver enhanced performance in autonomous toilet cleaning. By leveraging cutting-edge artificial intelligence, Primech AI continues to develop advanced robotic systems that address the evolving needs of businesses across multiple sectors.

    “We are honored to be recognized by the Singapore Business Review for our contributions to robotics and technology innovation,” said Charles Ng, Co-Founder and Chief Operating Officer at Primech AI. “This award is a testament to the dedication and ingenuity of our team, and it motivates us to continue pushing the boundaries of what robotics can achieve for our clients and the community.”

    For more information about the SBR Technology Excellence Awards 2025 and the full list of winners, please refer to the official announcement by Singapore Business Review.

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. 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. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” 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 that such expectations will be correct. 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 in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:
    Matthew Abenante, IRC
    President
    Strategic Investor Relations, LLC
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Sharps Technology CEO, Robert Hayes, to Present at the Life Sciences Virtual Investor Forum on June 12 at 9:30AM ET

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Sharps Technology, Inc. (Nasdaq: “STSS” and “STSSW”) (“Sharps”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart safety syringe products to the healthcare industry, today announced that Robert Hayes, CEO, will present live at the Life Sciences Virtual Investor Forum hosted by VirtualInvestorConferences.com, on June 12th, 2025 at 9:30 AM ET.

    Sharps recently announced that the Company has commenced shipments under three customer orders tied to previously announced purchase agreements. These shipments represent the Company’s first commercial deliveries and its transition to revenue-generating operations. All products are being manufactured and shipped from Sharps’ facility in Hungary, which has undergone significant upgrades to support high-volume production. Read the update release HERE.

    Presentation Access:

    • Presenter: Robert Hayes, CEO
    • DATE: June 12th
    • TIME: 9:30 AM ET
    • LINK: HERE
    • 1×1 Meeting Availability Contact: adam@holdsworthco.com

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    About Sharps Technology:
    Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the healthcare industry. The Company’s product lines focus on providing ultra-low waste capabilities, that incorporate syringe technologies that use both passive and active safety features. Sharps also offers products that are designed with specialized copolymer technology to support the prefillable syringe market segment. The Company has a manufacturing facility in Hungary. For additional information, please visit www.sharpstechnology.com.

    Investor Contact:
    Holdsworth Partners
    Adam Holdsworth
    Phone: 917-497-9287
    Email:IR@sharpstechnology.com

    FORWARD-LOOKING STATEMENTS:
    This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “poised” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity, and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. 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 cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Virtual Investor Conferences:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    June 11, 2025
  • MIL-OSI: HTX Crypto Gem Hunt #6: Identify 7 Premium Assets with Strong Market Potential

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, has announced the launch of the sixth phase of its Crypto Gem Hunt program. Amidst a crypto market characterized by persistent volatility, with Bitcoin fluctuating between $100,000 and $110,000, market sentiment remains largely influenced by macroeconomic policies, regulatory developments, and speculative behavior. Against this backdrop, HTX’s Crypto Gem Hunt leverages rigorous data analysis and a meticulous selection process to spotlight seven standout projects. These projects are strategically positioned for growth and demonstrate strong community engagement. The selected assets span some of today’s most dynamic sectors—including RWA/DeFi, AI, Meme, LSD, and SocialFi—and feature both promising new entrants and well-established projects that have recently outperformed broader market trends.

    New Listings Shine Across a Well-Balanced Sector Mix

    In May, HTX listed 23 new assets, including six stablecoins, an approach that underscores its commitment to staying at the forefront of the stablecoin trend and expanding its asset offerings. Notably, USD1 made its global debut on HTX. The token, issued by World Liberty Financial (a company backed by the Trump family), focuses on building a DeFi lending ecosystem in the United States. USD1 quickly gained traction as one of May’s most discussed projects on social media and received an S rating.

    Besides USD1, two other new assets in Crypto Gem Hunt #6 have stood out:

    SYRUP (Maple Finance), a key player in the RWA/DeFi sector, experienced an impressive 117.7% surge following its listing on May 8, earning an A rating. SYRUP is the native token of Maple, a decentralized lending protocol that allows users to deposit USDC, receive syrupUSDC, and earn yield. All loans are collateralized by digital assets, ensuring both strong security and sustainable returns.

    KAITO, an innovator in the InfoFi/AI sector, recorded a remarkable 263.6% increase since its listing on HTX on February 23, securing an A rating. KAITO is building an AI-driven crypto information network that streamlines content distribution among creators, users, and capital. By empowering the content ecosystem, KAITO is positioning itself at the forefront of the convergence between crypto and AI.

    Veteran Projects Regain Momentum, Fueling Compelling Narratives

    Despite continuous shifts in market dynamics, a select group of earlier-launched projects are demonstrating remarkable resilience. Backed by strong product fundamentals and vibrant community support, they’ve recently returned to the spotlight with evolving narratives and renewed momentum, capturing the attention of both investors and users.

    Two Meme projects from last September, MOODENG and NEIROCTO, serve as notable examples:

    MOODENG, built on the Solana (SOL) chain, surged an incredible 961.5% and received an A rating. Inspired by the famous pygmy hippopotamus from Thailand, MOODENG’s unique design, strong community, and viral momentum propelled it to a nearly tenfold increase post-launch.

    NEIROCTO (First Neiro On Ethereum) is community-driven and carries on the spirit of Doge. Since its launch on September 7, 2024, it has seen a peak increase of 235%. Through consistent operational efforts and content-driven initiatives, NEIROCTO has cultivated a highly engaged Meme community.

    ETHFI (ether.fi), launched in March 2024, emerged during the boom of the LSD sector and has since recorded a 258.7% increase. With rising interest in LSD solutions within the Ethereum ecosystem, ETHFI shows strong growth potential and a solid track record.

    MASK (Mask Network), launched in 2021, is a SocialFi project that recently gained 187.3%. Acting as a bridge between Web2 (traditional internet) and Web3 (decentralized internet), MASK integrates decentralized applications into mainstream social media via a browser plugin. Recent feature updates and community efforts have significantly contributed to its price recovery.

    HTX Crypto Gem Hunt Empowers Users Across Market Cycles

    To date, HTX has launched six rounds of its Crypto Gem Hunt program. The latest selection features not only high-growth new assets from emerging sectors but also established projects that have recently delivered strong performance. Together, these assets offer users a well-balanced portfolio—combining defensive stability with high-upside potential.

    Looking ahead, HTX Crypto Gem Hunt will continue to empower users through professional, intuitive asset discovery supported by robust data and forward-looking analysis.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

    For further inquiries, please contact Ruder Finn Asia, glo-media@htx-inc.com

    Disclaimer: This is a paid post and is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b42c4d0a-dfd3-45de-b0a5-1f5cd4cd82d5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d072448c-8fd9-4f97-80be-f90330b33a76

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Overland AI Demonstrates Soldier-Led Autonomy Across Day and Night Operations

    Source: GlobeNewswire (MIL-OSI)

    FORT LEONARD WOOD, Mo., June 10, 2025 (GLOBE NEWSWIRE) — Overland AI’s fully autonomous tactical vehicles, ULTRA, were deployed across 15 live mission scenarios to comprehensively demonstrate end-to-end, Soldier-operated ground autonomy.

    ULTRA, Overland’s fully autonomous tactical vehicle, operating in dense forest and utilizing tree line for cover during mission scenarios at Fort Leonard Wood, Mo.

    Soldiers from the 555th, 36th, and 20th Engineer Brigades, and the 173rd Airborne Brigade, executed these 15 missions using two ULTRAs. They also leveraged Overland’s tactical C2 interface, OverWatch, to plan, execute, and adapt operations on the fly. From pre-operation vehicle checks, payload swaps and munition loading, to mission planning and execution in OverWatch, the experimentation event was conducted almost entirely by end users.

    “This was a particularly unique event,” said Chris Merz, who serves as the director of product at Overland AI. “Nearly every phase of the operation—from munition loading to software-based replanning—was in the hands of the Soldier. We saw real independence from the operator, not just in planning and execution, but in adapting tactics in real time.”

    ULTRA deploying smoke deception to confuse the enemy and create an element of surprise during a day mission in wooded terrain.

    Participating units were tasked with planning complex, multi-vehicle missions. Soldiers used ULTRA’s modular platform for kinetic and electronic warfare breaching, terrain shaping with XM204s, deception, obscuration, and delivery of third-party payloads, including uncrewed aerial vehicles (UAV) and electronic warfare (EW) capabilities.

    Overland’s autonomy stack is highly adaptable in the field. Some operators re-tasked vehicles mid-mission in response to enemy activity and adjusted payload configurations under time pressure with little notice. Other operators, planning two simultaneous terrain-shaping missions with over 20 checkpoints and five tasks per vehicle, took less than three minutes to plan.

    A Soldier from the 555th Engineer Brigade plans a series of missions with ULTRAs using OverWatch, Overland’s intuitive, tactical command and control (C2) interface.

    “Our mission is to empower the Armed Forces to dominate any and all missions they need to accomplish,” said Byron Boots, co-founder and chief executive officer of Overland AI. “This wide-ranging event showed that Soldiers both trust our autonomous land systems and can leverage our versatile capability from start to finish.”

    Overland AI remains committed to advancing autonomous military technologies, having previously secured an $18.6 million contract with the U.S. Army and the Defense Innovation Unit (DIU) to develop autonomy software for the Army’s Robotic Combat Vehicle (RCV) program. The company continues to support a range of U.S. military programs, including the U.S. Army, Marine Corps, and Special Operations Command.

    To learn more about Overland AI and see open roles, visit www.overland.ai.

    About Overland AI
    Founded in 2022 and headquartered in Seattle, Washington, Overland AI is powering ground operations for modern defense. The company leverages over a decade of advanced research in robotics and machine learning, as well as a field-test forward ethos, to deliver advanced autonomy for unit commanders. Hazardous missions in austere and electronically denied environments demand that this technology is reliable and resilient. Overland AI’s SPARK autonomy upfit and OverDrive stack enable ground vehicles to navigate off-road without GPS or direct operator control. The company built its fully autonomous tactical vehicle, ULTRA, in-house by integrating SPARK and OverDrive into a modular and attritable platform that is currently in production. Overland AI developed OverWatch, its intuitive C2 interface, to provide commanders with the precise coordination of autonomous ground systems that is vital for complex missions to succeed. Overland AI has achieved the end-to-end integration of ground autonomy, from operator to effect, and is putting this capability into the hands of tactical operators today.

    Contact
    Cameron Langford
    overland@1stprinciples.io
    First Principles Communications

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4c78f70-5337-4777-8d58-eac07f095520

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8560475d-62de-410e-964c-1ab90f565c82

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6ce6899f-1b9b-4a88-a201-7c62ea26c011

    The MIL Network –

    June 11, 2025
  • MIL-OSI: RTI Named one of the Best Workplaces in the Bay Area 2025 by Fortune and Great Place to Work

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the software framework company for physical AI systems, is proud to announce its recognition as one of this year’s Best Workplaces in the Bay Area by Fortune magazine and Great Place To Work®. This marks RTI’s third appearance on the prestigious list, ranking No. 26 in 2025. Earning a spot means that RTI has surpassed rigorous benchmarks, establishing itself as one of the best workplaces among companies headquartered in the San Francisco Bay region.

    “This region is a hub of innovation, creativity and collaboration, and those transformative values are woven into the very fabric of our culture,” said Stan Schneider, CEO of RTI. “This recognition as a leading workplace isn’t just about our achievements; it’s a direct reflection of the incredible dedication and spirit of the people at RTI. They are the ones who make our mission a reality, bringing it to life day after day. To be celebrated as one of the Best Workplaces in the Bay Area for the third time is a tremendous honor, and something we are deeply proud of.”

    RTI’s culture, known internally as “1RTI,” focuses on inclusion, transparency, and connection, uniting a globally distributed workforce under shared values. Through regular company-wide events, flexible work policies, and open communication, RTI encourages meaningful engagement and career growth. In 2025, 93% of U.S.-based employees said RTI is a great place to work—36 points higher than the national average.

    The Best Workplaces in the Bay Area list is highly competitive. Survey responses reflect a comprehensive picture of the workplace experience. Honorees were rewarded based on their ability to deliver positive outcomes for employees regardless of role or status within the organization.

    “Congratulations to the Fortune Best Workplaces in the Bay Area,” says Michael C. Bush, CEO at Great Place To Work. “These companies prove that prioritizing people leads to better performance, and that leaders who invest in their people are rewarded with more sustainable and profitable businesses.”

    In addition to this recognition, RTI was also Great Place To Work Certified™ in both the U.S. and Spain earlier this year for the seventh consecutive time, further underscoring its global reputation for workplace excellence.

    WE’RE HIRING!
    Looking to grow your career at a company that puts its people first? Visit our careers page at: rti.com/company/careers

    Don’t meet every single requirement? At RTI, we are dedicated to building an inclusive and authentic workplace. So, if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway. You may be just the right candidate for this or another one of our open roles.

    About RTI

    RTI is the software framework company for physical AI systems, with a mission to run a smarter world. RTI Connext® provides the data architecture for over 2,000 designs in Aerospace and Defense, Medtech, Automotive, and Robotics – running in more than $1T of total deployed systems worldwide. Only RTI combines decades of technical expertise with industry-leading software and tools to develop smarter systems, faster. Learn more at www.rti.com.

    The MIL Network –

    June 11, 2025
  • MIL-OSI: CUSIP Global Services Teams with Aumni, Inc., a J.P. Morgan company, to Offer CUSIP Identifiers for Private Companies

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., June 10, 2025 (GLOBE NEWSWIRE) — CUSIP Global Services (CGS) today announced a collaboration with Aumni, Inc. (“Aumni”), a J.P. Morgan company specializing in venture capital data solutions, to expand CUSIP coverage for venture-backed and private equity-owned private companies. This expanded coverage provides standardized identifiers for company issuers and their financial instruments, thereby increasing efficiency, accuracy, and security in reporting, settlement, and analytics for venture capital firms, private equity firms, and their investors.

    The CUSIP is a nine-character alphanumeric security identifier that captures the unique attributes of issuers and their financial instruments throughout the U.S. and Canada. Widely recognized as a trusted standard in the financial markets, the CUSIP is a foundational building block that allows for efficient trading, clearing, and settlement across dozens of asset classes. Private equity markets have historically not had a standard identifier, resulting in the use of manual, error-prone solutions for security tracking and identity resolution.

    “This collaboration marks a significant step forward in enabling the same level of efficiency in private markets that public markets have enjoyed for decades. By standardizing private company identifiers, we are paving the way for more streamlined operations and better decision-making for all market participants, which we feel is becoming ever more important as these alternative asset classes continue to grow,” said Scott Preiss, Senior Vice President and Global Head, CGS. “This exciting collaboration with Aumni helps CGS fulfill its mission, as directed by our industry-appointed Board of Trustees, to keep innovating and expanding the depth and breadth of CUSIP coverage as new market needs develop.”

    Aumni is a leading software platform for private market investors to manage investment portfolio data, analytics, and insights. By combining Aumni’s expertise in private market data structuring with CGS’s Private CUSIP assignment capabilities and reputation as a trusted provider of capital markets reference data, customers will benefit from rich company- and security-level metadata to support portfolio management.

    “We are excited to work with CGS on providing standardized security identifiers to the venture capital and private equity space,” said Alex Woodgate, Head of Corporate Development and Data Solutions at Aumni. “Consistent reference data for private securities will simplify reporting and enable efficiencies for GPs and LPs, and unlock further innovation opportunities for the private markets ecosystem.”

    Beginning today, existing CGS customers will gain access to a free version of the Private CUSIP feed alongside their existing products and services. Customers can choose to upgrade to a premium service, adding a larger pool of company and security identifiers, additional metadata for each identifier, and the ability to request new identifiers.

    For more information, please visit https://www.cusip.com/cusip/privateEquityData.

    About CUSIP Global Services
    CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA’s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.

    For More Information:

    John Roderick
    J. Roderick Public Relations for CUSIP Global Services
    john@jroderick.com
    +1 (631) 584.2200

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Subscription brand executives ditch digital ad spend for new business models

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, June 10, 2025 (GLOBE NEWSWIRE) — Subscription brands are pulling away from digital advertising. According to a new industry-wide study from Bango (AIM: BGO), 48% of subscription leaders report diminishing returns from traditional direct acquisition methods like paid search and paid social media. A further 53% warn that direct marketing is becoming “unsustainable” as customer acquisition costs spiral.

    The report — Gravity Shift: Subscribers, bundles, and the acquisition black hole — captures responses from more than 200 senior executives at subscription-based businesses, spanning sectors from AI productivity apps to streaming services, retail, and finance. It reveals a stark reality: the performance marketing model that powered subscription growth over the last decade is under serious strain.

    “Direct marketing used to be a reliable engine for growth. Now it’s a black hole,” said Anil Malhotra, CMO at Bango. “When nearly half your industry says ROI is vanishing, alarm bells should be ringing. It’s time to rethink how subscriptions go to market.”

    Key findings:

    • 88% of subscription brands expect direct acquisition costs to rise in 2025, with nearly one in three forecasting increases of over 25%.
    • 80% are cutting back on at least one paid channel, including:
      • Paid search ads (33%)
      • Display advertising (30%)
      • Paid social ads (29%)
    • 46% of leaders describe direct marketing spend as a “black hole” for their budgets.
    • 53% believe direct channels are no longer a sustainable path to growth.

    What’s driving the pullback?

    Executives cited rising ad costs, algorithm changes, data privacy limits, and subscriber fatigue as the most pressing challenges. Compounding this, many brands report hitting the ceiling on their ability to profitably scale one-to-one acquisition.

    “Netflix spends nearly $3 billion a year on marketing. That’s simply not feasible for the rest of the market,” said Giles Tongue, subscription expert at Bango. “Most brands don’t have the scale to absorb that kind of spend, especially when the returns are eroding. Direct-to-consumer marketing is hitting diminishing returns, and leaders are now looking for smarter, more sustainable ways to grow.”

    Where the money is going

    Rather than doubling down, brands are reallocating budget toward indirect acquisition strategies, such as bundling, partnerships, and aggregator platforms. According to the report:

    • 82% of brands plan to increase investment in indirect channels this year.
    • 90% are already bundling — or plan to — in 2025.
    • 72% say indirect routes bring in higher quality subscribers than direct channels.

    Among the fastest-growing channels: partnerships with telcos, banks, device platforms, and social media platforms. Over a quarter of brands (27%) are joining “Super Bundling” platforms like Verizon myPlan and myHome to reach new audiences without high upfront acquisition costs.

    Bango’s recent consumer data also supports the shift: 62% of U.S. subscribers would prefer to manage multiple subscriptions through a single bundle, and 44% already get at least one subscription free as part of a packaged deal. Among younger users, these numbers are even higher — 55% of 18–24-year-olds now receive a bundled subscription they previously paid for directly.

    Tongue added: “We’re seeing a clear shift from the subscription economy to the bundle economy. Consumers don’t want to manage ten separate subscriptions — they want value, convenience, and flexibility. The brands that win in this next phase will be the ones that package their offerings in ways that reflect how people actually want to buy.”

    Implications beyond the subscription market

    The findings come at a critical time for digital advertising giants like Google, Meta, and TikTok — whose earnings rely heavily on performance ad spend. If subscription leaders are a bellwether, Bango’s findings suggest we could be entering a post-performance marketing era, where distribution partnerships replace ad impressions as the metric that matters.

    Bango expects the pivot to indirect acquisition and bundling to drive a wave of commercial opportunity for its Digital Vending Machine® (DVM™) platform. Bango’s DVM currently powers many of the world’s leading Super Bundling platforms, including Verizon myPlan and myHome, and supports acquisition for major services such as Netflix, Amazon Prime, Disney+, Uber, YouTube, and Xbox. With 90% of subscription leaders now investing in bundling, the DVM is well placed to capitalize on the wider industry adoption and accelerated growth of indirect marketing through 2025 and beyond.

    View the full report at Gravity Shift: Subscribers, bundles, and the acquisition black hole.

    About Bango

    Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscription economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft, trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit www.bango.com

    Media contact

    For US enquiries, contact SamsonPR: bango@samsonpr.com
    For all other enquiries, contact Wildfire: bango@wildfirepr.com

    The MIL Network –

    June 11, 2025
  • MIL-OSI: GraniteShares 2x Long MSTR Daily ETF (MSTP), and 2x Short MSTR Daily ETF (MSDD) Launch.

    Source: GlobeNewswire (MIL-OSI)

    New York, June 10, 2025 (GLOBE NEWSWIRE) — GraniteShares, a provider of exchange traded funds (ETFs), today announced the launch of two new leveraged single-stock ETFs: GraniteShares 2x Long MSTR Daily ETF (NASDAQ: MSTP), and GraniteShares 2x Short MSTR Daily ETF (NASDAQ: MSDD).

    An investment in the ETFs provides investors daily leveraged & short exposure to the underlying stock: Strategy (MSTR).

    GraniteShares’s leveraged ETFs seek daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily percentage change of the respective common stocks. GraniteShares’s short ETFs seek daily investment results, before fees and expenses, that correspond to -2 times (-200%) the daily percentage change of the respective common stocks. These funds are designed for sophisticated investors looking to capitalize on short-term movements in the underlying stocks.

    High-Conviction Exposure to the Technology Company

    • MicroStrategy Incorporated, based in Tysons Corner, Virginia, delivers AI-powered enterprise analytics software and services to clients worldwide across various industries. Known as Strategy, the company offers tools like Strategy One and HyperIntelligence to provide actionable insights and seamless data access. Alongside its analytics solutions, MicroStrategy has adopted Bitcoin as its primary treasury reserve asset, accumulating it through financing and offering investors exposure to Bitcoin via its securities.

    Designed for Tactical Traders

    The new leveraged ETFs provide traders with a tool to gain leveraged exposure to these stocks, making them a potential consideration for those looking to execute short-term tactical trades.

    “We continue to expand our suite of leveraged ETFs to meet the demand for high-conviction trading opportunities,” said Will Rhind, Founder of GraniteShares. “With the launch of MSTP and MSDD, we are providing investors with targeted tools to access some of the most exciting companies in AI, cloud computing, and Consumer Discretionary.”

    For more information on the new GraniteShares leveraged ETFs, read the company’s prospectus.

    About GraniteShares

    GraniteShares is an entrepreneurial ETF provider focused on high-conviction investment solutions. The firm offers a range of innovative ETFs spanning leveraged, inverse, and high-yield strategies, empowering investors with differentiated tools for portfolio construction. Founded in 2016, GraniteShares has grown rapidly by delivering cutting-edge solutions tailored to modern market needs. For more information, visit www.graniteshares.com.

    Media Contact:
    GraniteShares Inc.
    Attn: Media Relations
    222 Broadway, 21st Floor
    New York, NY 10038
    844-476-8747
    info@graniteshares.com

    RISK FACTORS AND IMPORTANT INFORMATION

    This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives risk factors, charges and expenses before investing. Please read the prospectus before investing.

    The Fund is recently organized June 09,2025. As a result, prospective investors do not have a track record or history on which to base their investment decisions. There can be no assurance that the Funds will grow to or maintain an economically viable size.

    The Fund is not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.

    The Fund seeks daily leveraged investment results and are intended to be used as short-term trading vehicles. This Fund attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of its underlying stock (a Leverage Long Fund).

    Investors should note that such Leverage Long Fund pursues daily leveraged investment objectives, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its underlying stock. The volatility of the underlying security may affect a Funds’ return as much as, or more than, the return of the underlying security.

    Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock’s performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock’s performance increases over a period longer than a single day.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus.

    This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2024 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    The MIL Network –

    June 11, 2025
  • MIL-OSI: TurnOnGreen Expands Contract Portfolio with $7.5 Million Backlog

    Source: GlobeNewswire (MIL-OSI)

    MILPITAS, Calif., June 10, 2025 (GLOBE NEWSWIRE) — TurnOnGreen, Inc. (OTC: TOGI) (“TurnOnGreen” or the “Company”), together with its division Digital Power Corporation (“DPC”), a recognized leader in custom-engineered power solutions, announced that its contract backlog has grown to $7.5 million.

    This expanded backlog reflects strong demand for DPC’s innovative, mission-critical power systems across multiple industries, including military and defense, industrial, medical, e-mobility, and telecommunications. The awarded contracts involve the design and production of advanced, ruggedized power systems engineered to perform reliably in extreme environments while meeting stringent operational requirements.

    TurnOnGreen and DPC specialize in custom, scalable solutions tailored to the unique needs of its global customer base. Their high-grade uninterruptible power supplies and integrated power platforms are deployed across diverse sectors, including land, sea, and airborne applications. These systems especially support essential military operations by meeting strict environmental and operational standards required by global defense OEMs.

    “Digital Power’s proven track record in delivering complex and bespoke power solutions is a testament to our commitment to technical innovation and customer satisfaction,” said Amos Kohn, Chairman and CEO of TurnOnGreen. “This growing backlog not only reflects the trust our customers place in us, but also reinforces our dedication to consistently meet demanding specifications, tight timelines, and budget requirements across diverse industries and market sectors.”

    About TurnOnGreen

    TurnOnGreen Inc. (OTC:TOGI) designs and manufactures innovative, high-performance power solutions for mission-critical applications in some of the world’s most demanding environments. Serving diverse industries, including defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility, TurnOnGreen seeks to deliver cutting-edge, reliable power technologies tailored to meet complex operational needs. With over 50 years of expertise, TurnOnGreen leverages decades of experience to develop customer-driven solutions that drive innovation and efficiency. The company collaborates closely with clients to engineer advanced products that enhance performance, sustainability, and reliability across multiple sectors.

    TurnOnGreen is headquartered in Milpitas, CA. For more information, visit https://www.turnongreen.com/.

    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 including a change in future projected revenue due to modification or cancellation of orders. 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 www.TurnOnGreen.com.

    TurnOnGreen Investor Contact:
    IR@TurnOnGreen.com or (877) 634-0982

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7eb5c5ad-1604-4a1e-b7dd-79646faee8ec
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ca259274-a671-471a-b4d3-8e83b58dabb9

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Dave Cantin Group’s Brandon Werley Named M&A Advisor Emerging Leader

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Brandon Werley, Managing Director at Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their owners, has been named a recipient of the 2025 Emerging Leaders Award from M&A Advisor magazine.

    The 16th Annual Emerging Leaders Awards celebrate the accomplishments of M&A, finance and turnaround professionals whose significant level of success while still under the age of 40 establishes them as the industry’s emerging leaders. Brandon is the second DCG team member to receive this honor: in 2023, Brian Traugott, Chief of Staff, was also named an Emerging Leader.

    “Brandon’s recognition as an Emerging Leader by M&A Advisor is a proud moment for all of us at DCG,” said CEO Dave Cantin. “His rapid rise and the trust he’s earned from major clients reflect not only his deep industry knowledge, but also his relentless work ethic and integrity. Brandon embodies the next generation of leadership in automotive M&A, and we’re honored to have him helping shape the future of our company and our industry.”

    Since starting his professional career in 2018, Brandon’s path has taken him from Big Four accounting firm KPMG to Haig Partners, Withum and now Dave Cantin Group, where he helps companies strategically grow through acquisitions and optimize their portfolios through divestitures.

    Brandon has advised on more than 70 completed transactions, overseeing everything from valuations and financial due diligence to negotiations and closings. He played pivotal roles in landmark deals such as Apollo Global Management’s $585 million acquisition of 34 dealership properties from Capital Automotive Real Estate Services Inc. (2019) and the sale of 17 Prime Automotive Group stores across six states (2020-2021). His expertise has contributed to strategic transactions with major dealership groups such as Lithia Motors, Asbury Automotive Group, Atlantic Coast Automotive and Open Road Capital, among several other Top 150 Dealership Groups.

    Earlier in 2025, Brandon managed a significant transaction as the lead advisor on a mid-eight-figure strategic divestiture, facilitating Lithia’s sale of its West Virginia dealerships to Atlantic Coast Automotive.

    Based in Pennsylvania, Brandon continues to play a key role at Dave Cantin Group, which is on track to have one of its most active advisory years in the company’s history.

    About Dave Cantin Group

    The Dave Cantin Group is a leading automotive M&A advisory company specializing in acquisitions, divestitures, intelligence, and other advisory services. The company is the M&A services provider of choice for North America’s top automotive dealership groups, advising on approximately 40 transactions annually. DCG is differentiated by its advisory approach, long-term lens on client relationships, and commitment to market intelligence tools that inform DCG and client strategies. In 2023, DCG became the only retail automotive M&A company with a significant strategic investor, welcoming Kaltroco to the DCG family.

    Through its M&A intelligence division, DCG produces automotive content and delivers relevant, timely marketing intelligence, including the automotive industry Market Outlook Report (MOR). Together with CBT News, DCG produces the Inside M&A studio show and podcast to share stories, news and trends impacting the retail automotive industry. DCG’s proprietary AI-enabled software, Jump IQ, anchors its advisory services that support retail automotive dealers in developing informed M&A strategies and making smarter M&A decisions.

    The company’s nonprofit initiative, DCG Giving, funds child and adolescent cancer research and treatment in communities nationwide and other worthy charitable initiatives. DCG team members regularly feature on the industry speaking circuit and are regularly cited by top national and global news outlets. For more information, please visit davecantingroup.com.

    Media Contact:
    Katie Merx
    katiemerx@gmail.com
    313.510.5090

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c36ae7a7-fdbb-4bde-9a78-1ab229a17999

    The MIL Network –

    June 11, 2025
  • MIL-OSI: Only 11% of Teams Have Scaled AI: Order.co’s 2025 Benchmark Report Reveals Urgent Gap in Procurement, Finance, and Ops

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Order.co, the world’s leading B2B Ecommerce Platform, today announced its release of an exclusive report, The State of AI in Procurement, Finance & Operations: 2025 Benchmark Report, detailing how back-office teams leverage AI based on a survey of 100+ professionals in procurement, finance, and accounting roles. Participants ranged from individual contributors to C-Suite leaders across a diverse range of industries, including retail, property management, health and wellness, nonprofits, and more.

    The report breaks down the impressive results that early AI adopters have already achieved, analyzes the most common barriers to adoption, and offers a 7-stage AI adoption maturity model to help businesses succeed in their AI initiatives.

    “AI transformation is happening in the back office faster than people might realize,” said Matt Garippa, Chief Business Officer and Co-founder at Order.co. “Whether teams are just getting started or are well into their AI adoption journey, understanding real-world use cases can help them move faster and avoid costly missteps. The businesses that will come out ahead are the ones taking action now, not waiting on the sidelines.”

    Key findings from the report:

    • 70% of organizations are actively exploring AI, yet only 11% have fully implemented it
    • Early AI adopters report transformational results:
      • Up to 50% cost savings
      • 31–50% faster workflows
      • 75% fewer procurement errors
    • 91.7% of procurement teams are leveraging or planning to use AI for advanced spend analysis
    • 80% of finance teams use AI for fraud detection and anomaly monitoring
    • 83% of operations teams report AI as essential for process optimization and workflow automation

    The report also features direct quotes from survey respondents, offering firsthand insights into how they plan to leverage AI in their specific roles. One Billing & Supplies Coordinator at a Law Firm shared, “I’m hopeful that with Generative AI, we’ll be able to assess costs more quickly and develop a better spending plan with improved item organization.” From a procurement and operations perspective, a Senior Director of Operations in the Retail Industry noted, “AI-driven analytics will likely enhance our ability to forecast demand more accurately, optimize supply chains, and even predict maintenance needs for physical products.”

    Download the report to access all findings and find out how to unlock measurable gains in speed, accuracy, and strategic decision-making with AI: https://get.order.co/content/ai-benchmark-report/

    About Order.co

    Order.co simplifies business buying by combining the ease of online shopping with the sophistication of world-class purchase order and AP automation. The result? Businesses cut costs and complexity with every order.

    Hundreds of companies, like WeWork and Hugo Boss, leverage Order.co to centralize purchase-to-pay workflows, scale operations, and gain total control over spending – saving an average of 5% on products. Founded in 2016 and headquartered in New York City, Order.co has raised $50M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more.

    Media Contact

    Allison Reich
    Senior Manager of Brand, Content & Enablement
    Allison.reich@order.co

    The MIL Network –

    June 11, 2025
  • MIL-OSI United Kingdom: Peter Kyle’s speech at London Tech Week 2025

    Source: United Kingdom – Executive Government & Departments 2

    Speech

    Peter Kyle’s speech at London Tech Week 2025

    A speech delivered by Secretary of State for Science, Innovation, and Technology, Peter Kyle, at London Tech Week on Tuesday 11 June 2025.

    Last Thursday, I was in Salford for a CyberFirst event.

    Hundreds of girls from across Greater Manchester were there. 

    Some of them were busy playing e-sports, hidden behind VR goggles.

    Others were programming robots – or learning how to pitch a tech business.

    But all of them said the same thing.

    They were excited for the future they were starting to see. And what it meant for them

    What really struck me was their ambition, hope and sheer enthusiasm.

    It was as humbling as it was inspirational: but it made me think.

    In government, we spend so much time talking about risk.

    What happens if reform goes wrong?

    Who is responsible – and who do we hold to account?

    We often talk about making the state feel more like a start-up.

    Less slow and static.

    More agile and active.

    But we have unique obligations to our citizens that we simply cannot ignore.

    Duties to defend our national security and protect public health.

    To make our streets safer and borders stronger.

    It is understandable that these obligations might make us more cautious about change.

    But, when countries or institutions become preoccupied with avoiding risk, they risk resisting innovation.

    They might delay reform.

    They might grasp too tightly to the here and now…

    …and lose sight of the possibilities tomorrow could bring.

    When this happens, caution slides into complacency.

    Incrementalism gives way to inertia.

    Worrying about getting every aspect of change right becomes fear of change itself.

    And fearing the challenge of change is the fastest route for a great nation to become mired in stagnation.

    When I spoke at London Tech Week last year, that’s what I saw.

    Our citizens, they wanted change.

    The sector wanted change.

    But a refusal to face up to the risks change brings – or face down resistance to it…

    …meant that government after government were stuck with a model we all knew was failing.

    Suddenly, the real risk wasn’t trying something new. 

    It was doing nothing at all.

    People waited months for hospital appointments.

    Young people couldn’t find a good job in the town they called home.

    Businesses unable to innovate, unable to invest, or unable to grow.

    Stifled by a regulatory regime that was stuck in the past.

    Unsure about whether to waste time applying for government contracts – because they always seemed to favour the same old suspects.

    Undecided about whether to stay here in the UK – because they just couldn’t access the capital they needed to grow.

    Too often in the last decade, Britain felt like a country short on ambition, long on apathy.

    Where optimism shrank in the face of opposition.

    On this stage last year, I said it was time for a change.

    Time to seize the power of technology.

    And wield it to deliver us towards a better future. 

    That is exactly what we’ve done.

    I said we’d tear up planning rules.

    And we have, making it easier to build the infrastructure that powers our digital economy.

    I said we’d radically reform regulation.

    And we have, cutting the time it takes to get new products and services onto the market and into people’s hands.

    I said we’d design new digital tools with a streamlined state and make engaging with government easier than it’s ever been before.

    And we have, from a digital driving licence and an app that will put public services into people’s hands. 

    To a new tool that will digitise decades-old planning records in minutes, slashing the time it takes to make decisions and get millions of new homes built right across our country. 

    And a platform that lets people in the public sector rate and review tech products, saving over a billion by helping councils and schools get better deals faster.

    Now none of that has been without risk.

    In early trials, the government chatbot we built started speaking French.

    I’m relieved to tell you that, after a brief flirtation with life across the Channel, it’s firmly back on British soil.

    But – even if its identity crisis had lasted a little longer – how many people would rather we’d stopped at the first sign of trouble?

    What’s a bonjour here, an au revoir there….

    … compared to hours spent on hold, waiting to work out whether your benefit payment has been made and made on time?

    Trawling through webpage after webpage to work out what you need to do to start a business?

    Because our choice actually was a simple one.

    Towards a future that is bright, bold, but risky.

    Or back to more of the same: stagnation and a slow but certain slide into decline.

    Today, we find ourselves at another critical moment.

    The risks we take – and the investments we make – will determine the path our country follows in the decades to come.

    And we must once again seize the opportunities in front of us with courage and conviction.

    With a record £86 billion in funding for R&D, that is exactly what this government is doing.

    For the first time, our modern industrial strategy will include a dedicated digital and technologies sector plan.

    Building on our strengths in 6 technologies with the greatest potential for growth:

    From AI, advanced connectivity and cyber security…

    … right through to engineering biology, quantum, and semiconductors.

    Behind that plan is a very clear mission.

    To build a faster, fairer economy. A society that offers opportunities for all.

    One where we don’t settle for buying these technologies off the shelf.

    We make them here.

    And we use them to shape a better future for every citizen.

    Yesterday, the Prime Minister unveiled £1 billion in backing for our bid to increase our country’s compute power twentyfold by the end of the decade.

    Today, I can go further.

    A new partnership between my department, Imperial College and the World Economic Forum will see London host the new Centre for AI-Driven Innovation.

    This is the first World Economic Forum Global Centre to be based right here in Britain.

    Focused on accelerating the adoption of AI, it will ensure that we can embed AI across our economy and put it to work for working people.

    And this is just the start.

    Boston might be the birthplace of biotech.

    But – with Google DeepMind on one side and the Crick on the other – King’s Cross is emerging as a global powerhouse for AI-driven drug discovery.

    Today, we’re launching a new project, OpenBind, to create the world’s largest database explaining how drugs interact with the proteins they target.

    20 times bigger than all the data collected worldwide over the last half a century, OpenBind will provide an exceptionally detailed picture of how diseases work.

    And it could cut the cost of developing new treatments by up to £100 billion.

    The results for the health of our people, our nation and our economy could be revolutionary.

    As Demis Hassabis said himself, this is a brilliant initiative for UK science.

    But initiatives like this will only succeed if we can attract top global talent.  

    Our tech success story wouldn’t have been possible without brilliant people choosing time and time again to call Britain home. 

    In an ever more competitive world, we simply cannot afford to lose that status. 

    So, we’ll be introducing a new scheme to attract the brightest and best brains to Britain. 

    Today, I can announce that we’re working with Advanced Research and Invention Agency (ARIA) and Pillar to double Encode AI for Science Fellowships and get top AI talent from around the world working in UK labs. 

    We’re also launching Turing AI Global Fellowships, which will bring AI experts from across the world to the UK and support them to carry out cutting-edge research. 

    At the same time, we’re starting a national skills drive at home, giving over a million students the chance to start careers in AI.

    And creating a new generation of British leaders as our country enters the digital economic age.

    Leaders just like the young people I met in Salford.

    Talking to them about their hopes for the future, I couldn’t help but think about my own journey through education

    Struggling with dyslexia, my teachers didn’t see any potential in me. 

    I was held back in remedial classes, I left at 16 with no qualifications to my name.

    No sense of what the future would hold.

    It wasn’t until I got a job at the Body Shop.

    Until I met Anita Roddick.

    And she saw something in me that I didn’t see in myself.

    Sending me out to give speeches for her.

    That I got over my fear of public speaking.

    I then went to university.

    And my life began to change.

    I choose to tell that story.

    Not because I think it’s unique.

    I tell it because I think it’s all too common in this country.

    And I think it says something about what is at stake right here today.

    This government don’t take risks lightly.

    Nor do we pursue change for change’s sake.

    We choose the path of progressive change. To build a modern economy and opportunistic society.

    We do so because any alternative leaves Britain poorer, weaker, more vulnerable in a complex world.

    Less able to promote and protect our prosperity and security for all our citizens.

    In the last year, the work of progressive change has begun.

    But we will only succeed if you take risks, too.

    If you choose to join us in transforming Britain for the better.

    As the place you pick to build new data centres.

    Or train new AI models.

    The country you choose when you’re developing life-saving drugs.

    Or designing the next generation of chips.

    A bolder, brighter future for Britain is in our hands.

    We’ve spent the last year getting the foundations right.

    Now, it’s our opportunity to build.

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-OSI: NANO Nuclear Appoints Former U.S. Secretary of Energy and 47th Governor of Texas Rick Perry as Chairman of its Executive Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., June 10, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has appointed Rick Perry, former Governor of Texas and the United States Secretary of Energy from 2017 to 2019, as the Chairman of its Executive Advisory Board.

    NANO Nuclear has assembled a distinguished Executive Advisory Board comprised of high-level military, scientific and governmental experts, including former generals, members of Congress, and other U.S. and international figures. These leaders provide deep industry knowledge and important contacts to NANO Nuclear’s senior management. While each member of the Board covers a particular expertise mandate, Gov. Perry will serve as Chair of the Executive Advisory Board and lead its overall efforts to assist NANO Nuclear.

    “The United States has a distinguished legacy of nuclear‑energy innovation, and I’m confident NANO Nuclear will play an essential role in the next chapter,” said Rick Perry, Chairman of NANO Nuclear’s Executive Advisory Board. “As Secretary of Energy, I advocated for nuclear power because it offers an amazing prospect for a stable, safe, and efficient source of clean power. NANO Nuclear in particular is driving advancements in nuclear energy technology with its cutting edge microreactor designs and overall commercial strategy. I’m honored to join and lead NANO’s Executive Advisory Board, and I look forward to contributing my experience as this exciting company advances its vision to become a vertically integrated leader in the nuclear power sector.”

    “It is an incredible honor to welcome Governor Perry as Chairman of our Executive Advisory Board,” said Jay Yu, Founder and Chairman of NANO Nuclear. “He is a thoughtful and experienced leader, with an in-depth knowledge of U.S. energy infrastructure and a great understanding of America’s energy needs. His leadership will help guide our efforts to put the U.S. at the forefront of nuclear technology and drive the next wave of innovation, which is sorely needed as the energy demands continue to rise in support of cutting-edge artificial intelligence, datacenters and other energy intensive advancements. I am confident that his expertise will be instrumental in the near- and long-term success of our mission.”

    “Governor Perry’s record of public service and advocacy for nuclear energy align perfectly with our mission,” said James Walker, Chief Executive Officer of NANO Nuclear. “The relationships he built during his decades in public service, including his tenure as U.S. Secretary of Energy, will be invaluable as we make progress towards the demonstration, construction, and licensing phases of our reactor programs and other nuclear technology. His acceptance of this position affirms the progress we’ve made and reinforces our position at the forefront of advanced reactor technology.”

    John Vonglis, NANO Nuclear’s Executive Director of Global Government Affairs, who served as the Chief Financial Officer (CFO) of the U.S. Department of Energy (DOE) and acting Director of ARPA-E under Gov. Perry when he was Secretary of Energy, added “I know first-hand the importance Secretary Perry places on endeavors focused on retaining America’s primacy in all sectors, but especially energy. His extensive wealth of experience will most certainly help propel NANO Nuclear to the next level, and I welcome the opportunity to again serve with this great leader.”

    Rick Perry has led a life of public service, starting in the United States Air Force and continuing over two decades in elected office. He served as the 14th Secretary of Energy from 2017 to 2019 in the first Trump administration. As Secretary of Energy, Perry worked to advance energy policies to promote American energy independence, notably backing nuclear power.

    Figure 1 – NANO Nuclear Appoints Former Secretary of Energy Rick Perry as Chairman of its Executive Advisory Board.

    Prior to his service as Secretary of Energy, Perry served as the 47th governor of the State of Texas. His political career began in 1985 as a representative for a rural West Texas district in the state House of Representatives, and beginning in 1990, he served two terms as Texas Commissioner of Agriculture. Perry twice sought the Republican nomination for president, running in 2012 and again in 2016.

    He attended Texas A&M University and graduated with a bachelor’s degree in animal science in 1972. Between 1972 and 1977, Perry served in the United States Air Force, flying C‑130 tactical airlift aircraft in the U.S., Europe, and the Middle East; by the time of his discharge, he had attained the rank of captain.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

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    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits to NANO Nuclear of Gov. Perry joining as Chairman of the Company’s Executive Advisory Board. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the enacted ADVANCE Act and the May 23, 2025 presidential executive orders seeking to support nuclear energy, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    • NANO Nuclear Energy Inc.

    The MIL Network –

    June 10, 2025
  • MIL-OSI: NHS Management Turns to Vetty and Chattr to Supercharge Health Care Staffing

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and TAMPA, Fla., June 10, 2025 (GLOBE NEWSWIRE) — Vetty, the one-stop shop hiring acceleration platform, and Chattr, automated AI hiring software for the frontline, today shared details of its combined support for NHS Management, LLC, which provides administrative management services for 49 health care facilities across the Southeastern U.S. with an employee headcount of more than 8,000.

    Implemented under the leadership of Mike Dickinson, Director of Recruiting at NHS Management, Vetty and Chattr have helped to fundamentally change how the company recruits in a time of unprecedented labor shortages. Bringing in Chattr to eliminate bottlenecks in applicant screening and interview scheduling, NHS Management significantly reduced its time-to-hire from roughly 20 days to nine, establishing a faster and more consistent pipeline, without sacrificing quality. Vetty served as the next step in streamlining the workflow, replacing a slow, manual process and reducing background turnaround from three to five days down to about one. The result: a more positive candidate experience and optimized hiring team efficiency.

    Dickinson commented, “Partnering with Chattr and Vetty has completely transformed how we recruit. Not only have we cut our time-to-hire in half, but we’ve also made the experience easier for our applicants and empowered our hiring managers. This has made it possible to focus on finding the right talent faster, which ultimately leads to better care for our patients and residents.”

    “Working alongside Mike and his team, we delivered a smarter, more seamless experience for NHS Management’s recruiters and the candidates they attract,” said Jim Schimpf, CEO of Chattr. “This partnership with NHS Management and Vetty is proof of the powerful outcomes that happen when innovative technology and operational excellence come together.”

    Echoing Schimpf, Jason Putnam, CEO at Vetty, added, “Hiring in a high-volume, high-turnover sector like health care presents a unique set of challenges, and every second counts in the recruiting process. Mike and the NHS Management team had a clear vision for what they wanted to accomplish by bringing in Vetty and Chattr, and we’re pleased to have delivered such tangible results.”

    ABOUT CHATTR
    Chattr is a hiring efficiency platform that helps frontline teams automate screening, scheduling, and candidate engagement. Companies rely on Chattr to speed up hiring, reduce manual work, and improve candidate conversion across high-volume roles. Learn more at https://chattr.ai.

    ABOUT VETTY
    Vetty is a one-stop shop hiring acceleration platform where companies can expeditiously complete their screening, credentialing, hiring and onboarding of prospective candidates. Companies count on Vetty to accelerate the time from offer to active and deliver clearly measurable ROI. Learn more at https://vetty.co.

    The MIL Network –

    June 10, 2025
  • MIL-OSI: InStride Redefines Workforce Development Through Strategic Expansion

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 10, 2025 (GLOBE NEWSWIRE) — InStride, a leading provider of strategic education and skilling solutions, today announced continued growth, accelerated by its new and transformative approach to workforce development. Recently named by TIME and Statista as one of the World’s Top EdTech Companies of 2025, InStride has advanced its offerings to address critical talent challenges through education and skilling solutions designed to be career-aligned, industry-relevant, and tailored to its corporate partners’ needs. In partnership with some of the most influential organizations in the Fortune 250, InStride provides nearly one million eligible employees access to over 2,500 education opportunities, helping prevent $73 million in student loan debt to date.

    “Education benefits have come a long way from basic tuition reimbursement,” said Craig Maloney, CEO of InStride. “We’ve reimagined them as strategic levers for HR teams to attract and retain talent, upskill their workforce, fill critical roles, and ensure their people are ready for what’s next. Over the past six years, we’ve built programs that address such challenges and have seen the difference they can make for people and businesses alike.”

    Each of the following innovations was designed to make strategic education solutions more relevant, flexible, and effective—for the people using them and the companies supporting them.

    Award-winning, expanded offerings

    • A broader, more flexible learning network
      Gone are the days of a one-size-fits-all workforce development. InStride’s expanding portfolio of 2,500+ educational offerings with leading universities, such as Arizona State University, creates flexible pathways aligned with workforce demands. Formats include English-language programs, specialized healthcare certifications, and stackable credentials, all tailored to how people learn and grow.
    • Career Education Paths
      InStride’s award-winning Career Education Paths connect learning directly to career outcomes, increasing program completion rates. Honored by Fast Company and EdTech Breakthrough Awards, these structured paths are designed using Lightcast to map learning to 40+ specific roles across technology, healthcare, and corporate services. The result: higher engagement and a reliable pipeline of skilled talent.
    • Dependent education benefits
      InStride enables businesses to extend education benefits to employees’ dependents. This allows employees at participating companies to use their benefits for spouses and children who gain access to career-aligned courses, certifications, and degrees, which enhances employee loyalty and retention as workers feel a deeper commitment to companies investing in their families. In turn, dependent benefits create a ripple effect beyond the workplace, helping to uplift communities by expanding access to education and opportunity for future generations.
    • Supporting a skills-first approach
      InStride helps companies build talent strategies grounded in employee skills and capabilities. This includes helping companies identify the skills needed for key roles, map career paths, and uncover gaps between the skills employees have and the ones their businesses need. With that foundation in place, companies can make more informed hiring and promotion decisions—and use targeted learning programs to help employees build the skills to grow into critical roles.

    Pioneering, scalable, customizable solutions

    • Hybrid clinical cohorts
      Healthcare systems can’t rely solely on external hiring. InStride’s hybrid clinical cohorts address staffing shortages in healthcare by combining online coursework with in-hospital training. With structured learning models to boost completion rates, they create pathways to in-demand roles like medical assistants, surgical technologists, and clinical lab specialists. This empowers employers to develop talent from within, which has proven to reduce staffing shortages and improve career mobility for existing employees.
    • Industry-first franchise workforce education model
      InStride’s hub-and-spoke franchise education model allows franchisees to opt into and manage corporate education programs while customizing them for their workforce, providing centralized tracking and reporting tools for improved oversight​. This balance between corporate structure and local flexibility helps franchise businesses retain and develop talent while maintaining a consistent workforce strategy. This approach has delivered impressive results, with over 50% of franchisees at one partner adopting the program in its first year and achieving a one-third higher retention rate for participating employees compared to non-participants.
    • Custom solutions for accelerated capability building
      To help businesses build specialized professional skill sets, InStride introduced Capability Accelerators, which provide custom academies tailored for specific roles including first-line managers, manufacturing and healthcare leaders; cohort-based learning with applied, real-world training featuring expert coaching and AI-enhanced tools; and university-backed content that blends academic insights with practical, job-relevant learning.

    “We remain committed to building solutions that meet real workforce needs,” said Craig Maloney, CEO of InStride. He says of the company’s future development: “We’re now investing more in AI that truly transforms individual careers and organizational success. We always start with our partners’ business goals in mind—and by intelligently analyzing employee data like job roles, skills, and aspirations, we’re better able to connect talent to the right education opportunities and personalized coaching support. That precision is what drives meaningful outcomes.”

    About InStride

    InStride solves corporate talent challenges with strategic education and skilling solutions. By breaking down barriers to learning, fostering career growth aligned with organizational goals, and simplifying program management, InStride delivers lasting impact. Partnering with forward-thinking companies like Labcorp, Adidas, and SSM Health, InStride drives meaningful social and business outcomes by providing access to life-changing education. Visit instride.com or follow InStride on LinkedIn for more information and up-to-date news.

    Contact
    Sophia Puglisi, Communications Manager at InStride, sophia.puglisi@instride.com, 805-889-6273

    The MIL Network –

    June 10, 2025
  • MIL-OSI: eToro Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the first quarter ended March 31, 2025.

    “I am incredibly proud of the eToro team for producing strong first quarter results and the successful completion of our initial public listing. As a business that champions access to capital markets, we are excited to now be part of those markets. The retail investor of 2025 is informed and connected and we’re encouraged to see their trading behavior enabling them to benefit from market opportunities. We believe that AI is turbo-charging the reshaping of the investing landscape and we’re excited to be at the forefront of this transformation. As a global community that empowers retail investors, we are well positioned to drive sustainable growth and profitability over time, creating further value for our shareholders,” commented Yoni Assia, CEO and Co-founder of eToro.

    First Quarter 2025 Financial Highlights

    • Net contribution increased by 8% year on year to $217 million, compared to $201 million in the first quarter of 2024, driven primarily by increased trading activity.
    • Net income (GAAP) was $60 million, compared to $64 million in the first quarter of 2024 due to increased investment in marketing and growth in response to favorable market conditions.
    • Adjusted EBITDA (non-GAAP) was $80 million compared to $87 million in the first quarter of the prior year reflecting the investments referenced above. Adjusted EBITDA margin was 37%, compared to 43% in the prior year period.1
    • Funded accounts increased 14% year on year to 3.58 million compared to 3.13 million in the first quarter of 2024. This was driven primarily by ongoing user acquisition and retention efforts, as well as the acquisition of Australian investing app Spaceship in 2024.
    • Assets under Administration grew by 21% year on year to $14.8 billion compared to $12.2 billion.
    • Cash, cash equivalents and short term investments were $736 million as of March 31, 2025.

    1 See “Non-GAAP Financial Metrics and Key Performance Indicators” below for additional information and a reconciliation to GAAP for all Non-GAAP financial metrics. Adjusted EBITDA margin is based on net contribution.

    “Our results show strong business performance for Q1 with an increase in net contribution driven by increased trading activity and our continued focus on sustainable, profitable growth. In the first quarter, in response to the market environment, we increased investment in marketing and growth,” said Meron Shani, eToro CFO.

    Business Highlights
    eToro continued to focus on sustainable, profitable growth in Q1, launching products and services to support users at every stage of their investing journey.

    • Trading: eToro continues to expand and develop the range of assets and tools users need to trade the global markets. In the first quarter, eToro launched futures in Europe and options in the UK. With the addition of 40 more tokens, eToro now offers trading in over 130 cryptoassets. The Company also extended trading hours by offering a number of stocks and ETFs for 24/5 trading.
    • Investing: eToro added stocks from the Abu Dhabi and Hong Kong stock exchanges and now offers users the ability to invest in companies listed on more than 20 of the world’s leading exchanges. It continued to grow its range of Smart Portfolios with the launch of a commodities portfolio in partnership with WisdomTree, and a portfolio offering 100% capital protection. As part of the Company’s commitment to offer its users access to interest earning assets, eToro launched securities lending to users in Europe, and expanded crypto staking to include DOT and ATOM.
    • Wealth management: As part of its long-term investment strategy, in the first quarter, eToro introduced a new self-directed offering as part of its UK ISA and introduced recurring investments for stocks, ETFs and crypto allowing users to make regularly scheduled investments. The Company also initiated the integration of Spaceship and the expansion of its Australian offering to include superannuation solutions.
    • Neo-banking: In the first quarter, eToro began the roll out of crypto to fiat enabling users to transfer their crypto to eToro and diversify into other asset classes. As part of the expansion of the eToro Money offering, eToro partnered with local financial institutions to offer local virtual bank accounts in multiple countries. The Company also continued to expand the ability for users to trade local stocks using local currencies.
    • Financial education and AI: eToro is committed to empowering its users to grow their financial knowledge with accessible and engaging content. The Company is leveraging AI to accelerate the production and translation of education materials and now offers more than 3,000 articles, videos, podcasts and webinars in 11 languages.
    • Regulatory developments: In Q1, eToro was granted a MiCA permit by CySec which enables the provision of crypto services across the EU. As long-term supporters of crypto, this is a key milestone and eToro welcomes the regulatory clarity and uniform rules provided by MiCA which it believes will foster greater crypto adoption across Europe. The Company also achieved a SOC 2 Type II compliance certification which demonstrates its strong commitment to operational excellence throughout its crypto custody operations.

    Second Quarter 2025 Update

    • The performance of the business through May 31, 2025 reflects continued progress and interest in trading and investing from retail investors in response to market events.
    • As of May 31, 2025 eToro had 3.61 million funded accounts and $16.9 billion in Assets under Administration.

    Contact
    Media Relations – pr@etoro.com
    Investor Relations – investors@etoro.com

    About eToro
    eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    U.S. dollars in thousands

        March 31,   December 31,
        2025   2024
        Unaudited   Audited
    Assets        
    Current assets:        
    Cash and cash equivalents   660,060     575,395  
    Restricted cash   319     314  
    Short-term investment   76,000     65,000  
    Counterparties   240,842     224,867  
    Cryptoassets   99,761     113,279  
    Receivable from omnibus accounts   10,905     50,466  
    Other receivables and prepaid expenses   49,795     46,005  
        1,137,682     1,075,326  
             
    Non-current assets:        
    Restricted cash   11,751     11,630  
    Right of use assets   43,054     44,406  
    Property and equipment, net   4,965     5,007  
    Goodwill and other intangible assets, net   45,564     46,346  
    Deferred taxes   12,708     8,647  
        118,042     116,036  
             
    Total Assets   1,255,724     1,191,362  
             
    Liabilities and equities        
    Current liabilities:        
    Accounts payable   5,768     4,201  
    Current maturities of long-term lease liabilities   4,940     4,758  
    Payable to users   115,290     103,493  
    Accrued expenses and other payables   176,718     193,115  
        302,716     305,567  
             
    Non-current liabilities:        
    Employee benefit liabilities, net   1,202     1,253  
    Long-term lease liabilities   42,447     43,546  
    Deferred taxes liabilities   7,210     2,968  
    Other long-term liabilities   7,484     5,653  
        58,343     53,420  
             
    Equity attributable to equity holders of the company:        
    Common share premium   479,036     474,469  
    Preferred share premium   397,019     397,019  
    Treasury shares   (2,625 )   (2,625 )
    Advanced Investment Agreement   9,091     9,091  
    Other capital reserve   (361 )   1,868  
    Retained Earnings (Accumulated deficit)   12,505     (47,447 )
        894,665     832,375  
    Total liabilities and equity   1,255,724     1,191,362  

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
    AND OTHER COMPREHENSIVE INCOME (LOSS)
    U.S. dollars in thousands

        Three months ended
    March 31,
        2025   2024
        Unaudited   Unaudited
             
    Revenue and income:        
    Net trading income from equities, commodities and currencies   96,837     73,098  
    Revenue from cryptoassets   3,500,800     3,293,120  
    Net trading income (loss) from cryptoassets derivatives   77,051     (56,767 )
    Net interest income from users   52,618     49,318  
    Currency conversion and other income   23,911     21,403  
    Other interest income   4,164     3,348  
    Total revenue and income   3,755,381     3,383,520  
             
    Costs:        
    Cost of revenue from cryptoassets   3,528,853     3,173,766  
    Margin interest expense   9,159     8,650  
    Research and development   36,621     33,166  
    Selling and marketing   61,222     37,342  
    General, administrative and operating costs   49,502     56,042  
    Finance and other expenses, net   (517 )   928  
    Total costs   3,684,840     3,309,894  
             
    Income before taxes on income   70,541     73,626  
    Taxes on income   10,589     9,516  
    Net income   59,952     64,110  
             
    Other comprehensive income, net:        
    Items that may be reclassified subsequently to profit or loss:        
    Cash flow hedges, net of tax   (2,229 )   –  
    Other comprehensive loss for the year, net of tax   (2,229 )   –  
             
    Total comprehensive income   57,723     64,110  
             
    Basic net income per share   0.79     0.85  
    Diluted net income per share   0.69     0.76  
             
    Weighted-average shares of common shares used to compute net income per share attributable to common shareholders:      
    Basic   75,712,289     75,040,326  
    Diluted   86,576,130     84,239,189  

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    U.S. dollars in thousands

        Three months ended
    March 31,
        2025   2024
        Unaudited   Unaudited
             
    Cash flows from operating activities:        
    Net income   59,952     64,110  
             
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
    Adjustments to profit or loss items:        
    Depreciation, amortization and impairment   3,011     2,590  
    Share-based payment   4,287     8,891  
    Evaluation of contingent liability   1,831     –  
    Revaluation of fair value of cryptoassets and counterparties   51,830     (2,004 )
    Non-cash revenue from staking and blockchain rewards   (8,723 )   (3,877 )
    Non-cash costs from staking and blockchain rewards   5,847     2,441  
    Finance and other expenses, net   (517 )   928  
    Taxes on income, net   10,589     9,516  
        68,155     18,485  
    Changes in asset and liability items:        
    Increase of counterparties   (68,235 )   (67,300 )
    Decrease (increase) of cryptoassets   13,154     (8,196 )
    Increase of other receivables and prepaid expenses   (7,029 )   (15,427 )
    Increase of restricted cash   (124 )   (77 )
    Increase (decrease) of accounts payable   (670 )   13,043  
    Increase of user and omnibus accounts, net   48,901     38,842  
    Increase (decrease) of accrued expenses and other payables   (19,753 )   11,677  
    Decrease of employee benefit liabilities, net   (29 )   (439 )
        (33,785 )   (27,877 )
    Interest received (paid), net during the year   967     (1,235 )
    Taxes paid, net during the year   (5,557 )   (2,600 )
    Net cash provided by operating activities   89,732     50,883  
             
    Cash flows from investing activities:        
    Increase of short-term investments   (11,000 )   –  
    Purchase of property and equipment   (522 )   (1,712 )
    Purchase of intangible assets   (57 )   –  
    Net cash used in investing activities   (11,579 )   (1,712 )
             
    Cash flows from financing activities:        
    Exercise of options   280     211  
    Repayment of lease liability   (1,147 )   (909 )
    Net cash used in financing activities   (867 )   (698 )
             
    Exchange differences on balances of cash and cash equivalents   7,379     (3,579 )
             
    Increase in cash and cash equivalents   84,665     44,894  
             
    Cash and cash equivalents at beginning of year   575,395     388,334  
             
    Cash and cash equivalents at end of year   660,060     433,228  


    Non-GAAP Financial Metrics and Key Performance Indicators

    This press release and the accompanying tables contain certain non-GAAP financial metrics which differ from results prepared in accordance with GAAP. These non-GAAP financial metrics include: Adjusted EBITDA, which is defined as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense (income).

    eToro believes that these non-GAAP financial metrics may be helpful to investors because they provide consistency and comparability with past financial performance. Additionally, eToro management regularly review certain key performance metrics and non-GAAP financial metrics to evaluate its business, measure its performance, identify trends, prepare financial projections and make business decisions. However, non-GAAP financial metrics are presented for supplemental informational purposes only, have limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Other companies, including companies in eToro’s industry, may calculate similarly titled non-GAAP financial metrics differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of these non-GAAP financial metrics as tools for comparison. A reconciliation is provided below for the non-GAAP financial metrics to the most directly comparable financial metric stated in accordance with GAAP.

    ETORO GROUP LTD.
    RECONCILIATION OF NON-GAAP METRICS
    U.S. dollars in thousands

        Three months ended
        March 31,
        2025   2024
        Unaudited   Unaudited
             
    Net income   59,952     64,110
    Finance expense, net   (517 )   928
    Taxes on income   10,589     9,516
    Share-base payment expense   4,287     8,891
    Depreciation, amortization, and impairment   3,010     2,590
    Employee non-cash expense2   (1,049 )   595
    Transaction related costs3   2,091     247
    Evaluation of contingent liability4   1,831     –
             
    Adjusted EBITDA   80,194     86,877

     

    2Employee non-cash expense is related to payroll expenses recorded in respect of the non-withdrawable amount (“NWA”) over the employee’s vesting period.
    3Transaction related costs include transaction costs associated with the initial public offering.
    4 Evaluation of contingent liability is related to the commitment to issue shares as part of the Spaceship acquisition. Due to an increase in the share price, an evaluation was performed.

    Definitions of Certain Key Performance Indicators

    Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial metric that we define as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense (income).

    Assets under administration: Assets under administration (‘AUA’) are defined as the aggregate of the following: (i) the total fair value of all equities, cryptoassets, commodities, currencies and options held by users in their accounts, (ii) cash held by users in their accounts, (iii) eToro Money balances, (iv) users’ cryptoassets held in the eToro digital wallet, (v) users’ assets held by 3rd parties partners for execution or custody services.

    Funded Accounts: Funded Accounts are users who have completed KYC, AML and other onboarding processes, activated their account, deposited funds, executed at least one trade at any time and have a positive account balance (invested or uninvested). Funded Accounts represent the deepest level of our user acquisition funnel and are the users from whom we generate Total Commission.

    Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.

    Net Contribution: Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our platform before considering the overhead costs associated with our operations.

    Net Contribution consists of the following five components, each representing revenue or income divided across our products based on the distinct patterns upon which we monetize users’ activity on the platform. We evaluate the performance of our business and our success in both diversification and risk management across these five components:

    • Net Trading Contribution (Equities, Commodities and Currencies) is equal to our Net trading income from equities, commodities and currencies.
    • Net Trading Contribution (Cryptoassets) is equal to Revenue from cryptoassets plus Net trading income (loss) from cryptoasset derivatives less Cost of revenue from cryptoassets, excluding the net contributions from blockchain rewards and staking activity.
    • Net Interest Contribution represents Net interest contribution from users plus Other interest income plus the net contributions of staking activity, less Margin interest expense.
    • eToro Money comprises the vast majority of our Currency conversion and other income. It represents the income earned from our money management services, including currency conversions, withdrawals, interchange on our debit card, transfers of cryptoassets, and fees relating to our cryptoasset wallet services.
    • Subscriptions and Other is the remainder of Currency conversion and other income not attributable to eToro Money plus the net contributions of blockchain rewards.

    Net Income
    Net income represents the company’s total earnings or profit for a given period, calculated as total revenue minus all expenses, including operating costs, depreciation, interest, taxes, and other income or expenses. It reflects the company’s overall profitability according to GAAP standards.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “outlook,” “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro’s control. eToro’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or adding new users; extreme competition; changes in regulatory and legal framework under which we operate; regulatory inquiries and investigations; our estimates of our financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to our operations in Israel, including the ongoing war; risks related to data security and privacy and use of OSS; risks related to AI; changes in general economic or political conditions; changes to accounting principles and guidelines; the ability to maintain the listing of our securities on Nasdaq; unexpected costs or expenses; and other factors described in “Risk Factors” in our Registration Statement on Form F-1, filed with the SEC on March 24, 2025, as amended, and declared effective by the SEC on May 13, 2025. Further information on potential risks that could affect actual results will be included in the subsequent filings that eToro makes with SEC from time to time.

    Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro’s views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro’s views as of any date subsequent to the date of this press release.

    Source: eToro Group Ltd.

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Gilat Secures $27 Million for Gilat’s Stellar Blu Portfolio

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, June 10, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that its Commercial Division secured $27 million for Gilat Stellar Blu’s ESA Terminal technology. Deliveries are expected primarily over the next 12 months.

    Gilat Stellar Blu’s compact, high-performance, multi-orbit ESA terminal, technology, products and solutions are gaining traction across the aviation market as they are designed to meet the increasing connectivity demands of commercial, business and defense airborne platforms. The platform enables high-capacity communications with the agility and scalability required for next-generation aviation networks.

    The market for airborne communications is seeing strong momentum, with sustained investment from all sectors. This trend supports continued demand for innovative, high-value connectivity solutions worldwide.

    “These orders and deliveries represent an important step forward in the continued expansion of our Sidewinder platform,” said Tracy Trent, President of Gilat Stellar Blu. With Gilat Stellar Blu’s innovation and momentum, we’re enabling more and more agile, scalable, and mission-critical airborne communications solutions for commercial, business and defense sectors.”

    About Gilat

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

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

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

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

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Product and Marketing Officer
    hagayk@gilat.com

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

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Eternex Network (eTRNX) Completes Successful Phase 1 of IEO — Aims to Reshape Global Finance with Tokenized Real-World Assets and AI-Powered Investing

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 10, 2025 (GLOBE NEWSWIRE) — eTRNX Network, the next-generation blockchain ecosystem built for emerging markets, has officially concluded Phase 1 of its Initial Exchange Offering (IEO) with resounding success. With listings across major IEO platforms-P2PB2B, Dex-Trade, and BitStorage—the project has captured global investor attention by delivering on its promise: real-world blockchain utility, not just market speculation.

    As Phase 2 of the IEO approaches completion, early participants still have a chance to secure positions before the next wave of utility rollouts, token unlocks, and exchange listings.

    Finance Without Borders, Barriers, or Banks

    While most DeFi projects chase hype, eTRNX focuses on substance-building an ecosystem that democratizes access to income-generating assets and powerful financial tools. Designed to serve populations in Africa, Asia, and the Middle East, the project delivers:

    Tokenized REITs: Own fractions of global real estate and earn automated monthly rental yields via smart contracts.

    Money Market Funds (MMFs): Blockchain-powered access to traditionally exclusive low-risk investments.

    AI-Powered Portfolio Management: From automated asset rebalancing to risk detection, eTRNX puts institutional-grade AI in the hands of everyday users.

    Multi-Chain Utility: Operating across Tron, Stellar, and Solana for ultra-fast, low-cost, and borderless transactions.

    Staking with up to 30% APY: A deflationary model that rewards long-term holders while helping to stabilize token velocity.

    Decentralized Governance: 1 token = 1 vote. Token holders shape the future of the protocol via treasury proposals and upgrades.

    Phase 1 Success, Phase 2 Closing Fast

    With the completion of Phase 1 IEO of eTRNX tokens thousands of early backers onboarded, the project’s Phase 1 IEO marked a significant milestone in its roadmap. Strategic partnerships are in development for token utility, staking platforms, and REIT infrastructure deployment.

    Now, with Phase 2 nearly 50% filled, investors can still access the project at an early valuation before the next pricing stage activates.

    Join the IEO Before It Ends

    Participate across the following launchpads:

    What’s Coming Next?

    Deployment of the eTRNX Tokenized REIT marketplace
    Launch of smart investment dashboards with AI integration
    Multichain wallet support and cross-border payment gateway
    Community governance framework + first treasury proposals

    eTRNX is committed to solving real-world financial access problems using blockchain technology, AI, and an inclusive, compliance-aware ecosystem architecture.

    About eTRNX Network

    eTRNX Network is a blockchain-based financial infrastructure platform offering fractional real estate ownership, tokenized money market funds, and AI-automated investing tools. Built to empower underserved global communities, the project merges transparency, scalability, and long-term value in a multichain architecture.

    Stay Connected for Official Updates

    For the latest news and release schedules, join the official channels:

    Website: https://www.etronnetwork.org
    Twitter: https://x.com/eTRNXOFFICIAL
    Telegram: https://t.me/etrnx01

    Media Contact Details:

    Company Name: Etron Network
    Company Website: https://www.etronnetwork.org/
    Company Email: Esther@etronnetwork.org
    Concerned Person: Esther Kendi

    Disclaimer: This press release is provided by Eternex Network. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f297b1e-b147-4ec9-815b-3d35f6f6d982

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Claimable Honored in Fast Company’s 2025 World Changing Ideas Awards

    Source: GlobeNewswire (MIL-OSI)

    Annual Awards Recognize Innovative Companies and Projects Addressing the World’s Most Urgent Challenges

    Recognition Follows Claimable’s Launch of GLP-1 Support, Helping Patients Navigate One of the Most Denied Treatments in the U.S.

    SACRAMENTO, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Claimable is proud to announce that it has been named to Fast Company’s 2025 World Changing Ideas Awards list. This annual recognition honors bold and transformative efforts that tackle the world’s most pressing issues—from fresh sustainability initiatives and cutting-edge AI developments to ambitious pursuits of social equity helping mold the world.

    Every year, 850 million healthcare claims are denied, forcing millions of Americans to choose between medical care and financial stability. Claimable is tackling this healthcare crisis with the first AI-powered appeals platform, helping patients and providers fight back against unjust denials. Patients upload their denial notice and insurance information, answer a few questions, and Claimable does the rest, analyzing clinical research, policy details, appeals data, and their unique medical story to generate and submit a customized appeal in minutes.

    This year’s awards showcase 100 outstanding projects. A panel of Fast Company editors and reporters selected the winners from a pool of more than 1,500 entries and judged applications based on their impact, sustainability, design, creativity, scalability, and ability to improve society.

    “The World Changing Ideas Awards have always been about showcasing the art of the possible,” says Fast Company editor-in-chief Brendan Vaughan. “We’re proud to recognize the organizations and leaders that are making meaningful progress on the biggest issues of our time.”

    Since launching in late 2024, Claimable has recovered nearly $6 million for patients, boasting an over 80% success rate across more than 70 commonly denied treatments, including autoimmune and migraine medications, IVIG for children with PANS/PANDAS, and now GLP-1s for obesity and type 2 diabetes. For the millions facing treatment delays or crushing medical debt, Claimable offers hope, making the appeals process simple, fast, and effective, getting patients the care they deserve.

    “We’re using AI to solve a deeply human problem,” said Claimable Co-Founder and Chief AI Officer Zach Veigulis. “Fast Company’s recognition reinforces what we’ve always believed at Claimable, that AI can be used to make life better. At a time when technology is often used to cut costs and deny care, we’re proving it can expand access and return power to patients.”

    This recognition comes as Claimable expands its impact with support for GLP-1 medication appeals. One of today’s most denied treatment categories, GLP-1s like Ozempic, Mounjaro, Zepbound, and Wegovy have transformed care for people with obesity and type 2 diabetes. However, patients are often denied access due to formulary exclusions, overly restrictive eligibility criteria, or insurer mandates to “fail first” on older or less effective treatments. With over 137 million U.S. adults now eligible for GLP-1 support, Claimable offers patients and providers a purpose-built solution designed to overcome the unique challenges of GLP-1 coverage denials.

    “Insurance denials aren’t just a paperwork issue, they’re a public health crisis hiding in plain sight,” said Alicia Graham, co-founder and COO at Claimable. “While others patch old systems, we’re building something entirely new. We’re reimagining how healthcare access should work, using technology to turn the tables on a system that’s stacked against patients. That’s why we’ve built Claimable alongside the people most affected: patients and providers. Our platform works because it doesn’t just make appeals faster, it makes them smarter, giving people the best chance to win.”

    Claimable is available nationwide and accepts denials from all insurance providers, including Medicare, Medicaid, United Healthcare, Anthem, Aetna, Cigna, and BCBS plans. To learn more about Claimable and all the treatments they support, visit www.getclaimable.com. 

    ABOUT CLAIMABLE
    Claimable revolutionizes the way patients and providers fight healthcare denials, helping ensure everyone has access to the care they need and the coverage they deserve. The platform leverages purpose-built AI to analyze clinical research, policy details, appeals data, and patients’ unique medical stories, generating and submitting customized appeals in minutes. Claimable is available nationwide, accepting denials from all insurance providers, including Medicare and Medicaid. A NVIDIA Inception Program member, Claimable continues to push the boundaries of AI innovation in healthcare. For more information: www.getclaimable.com. 

    Contact:
    Emily Fox
    press@getclaimable.com 

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Executive Order “Unleashing American Drone Dominance” -– Draganfly Selected by Southern Border Cochise County Sheriff’s Department for Drone Pilot Program.

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, June 10, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its selection by the Cochise County Sheriff’s Department to support a new drone pilot program aimed at enhancing surveillance and operations along the southern border. This initiative aligns with President Donald J. Trump’s executive order, “Unleashing American Drone Dominance,” which seeks to reassert America’s leadership in unmanned aerial systems for security and defense.

    The Cochise County Sheriff’s Department, recognized nationally for its innovative use of technology in law enforcement, has previously implemented high-resolution camera networks, sensor-integrated mobile units, and ground surveillance radar systems. These efforts have garnered commendations and visits from President Trump and Vice President JD Vance, highlighting the department’s leadership in border enforcement and technological integration.

    “The southern border is one of America’s most critical national security frontiers,” said Captain Tim Williams of Cochise County Sheriff’s Department. “Our department has always been committed to leveraging the best tools available. With Draganfly as our drone partner, we’re entering the next phase of smart border enforcement. Their systems will enhance our ability to protect communities, manage humanitarian concerns, and respond rapidly to evolving threats.”

    Under this new pilot program, the department will deploy the Draganfly family of drones for extended border surveillance, quick-response missions and nighttime operations. Draganfly’s drones are known for their adaptability and multi-mission capabilities, providing law enforcement and public safety operators the ability to execute a variety of operating tactics and capabilities from a single vehicle, with a variety of configurations available to support various payload and range demands. Draganfly products are capable of integrating with a variety of incumbent hardware and software solutions, including TAK(Team Awareness Kit) network compatibility, enabling a seamless integration with existing capabilities.

    “We are honored to be working with the Cochise County Sheriff’s Department on this historic program,” said Cameron Chell, CEO of Draganfly. “Their team represents some of the best of American law enforcement—innovation-focused, community-minded, and mission-ready. This project embodies the spirit of President Trump’s executive order and sets a gold standard for how drone technology should be used to secure national borders.”

    This initiative not only reinforces the department’s legacy of operational excellence but also positions Cochise County as a national model for technology-enabled border enforcement.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 25 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

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

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

    Company Contact:
    Email: info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to Draganfly’s drones being known for their adaptability and multi-mission capabilities, providing law enforcement and public safety operators the ability to execute a variety of operating tactics and capabilities from a single vehicle, with a variety of configurations available to support various payload and range demands, as well as their capable of integrating with a variety of incumbent hardware and software solutions, including TAK network compatibility, enabling a seamless integration with existing capabilities. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed, and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Bitget Anti-Scam Report Shows AI-Related Scams Drive $4.6B in Crypto Losses in 2024

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 10, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its 2025 Anti-Scam Research Report in partnership with blockchain security firms SlowMist and Elliptic. The report reveals that global crypto scam losses surged to $4.6 billion in 2024, with deepfake technology and social engineering emerging as the dominant tactics behind high-value thefts. The publication marks the official launch of Bitget’s Anti-Scam Month, a month-long initiative dedicated to security education and ecosystem-wide awareness.

    The report highlights how AI-powered scams have moved beyond phishing emails to include fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. Among its key findings, the report identifies three primary scam categories—deepfake impersonation, social engineering schemes, and Ponzi-style projects cloaked in DeFi or NFT branding—as the leading causes of user loss. It also outlines how stolen funds are funneled through cross-chain bridges and obfuscation tools before reaching mixers or exchanges, complicating enforcement and recovery efforts.

    Additional insights include case studies from major scam incidents in Hong Kong, the rising use of Telegram and X (Twitter) comment sections as phishing entry points, and the continued growth of professionally run fraud rings operating across borders.

    “The biggest threat to crypto today isn’t volatility—it’s deception. That’s why Bitget has designated the entire month of June as Anti-Scam Month—an initiative to elevate industry standards and user awareness. This report is the flagship release within that effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe fighting back requires both technological rigor and ecosystem-wide collaboration. Our goal is to help users trade smarter, not just faster,” said Gracy Chen, CEO at Bitget.

    The report also details how Bitget’s Anti-Scam Hub, innovative detection systems, and a $500M+ Protection Fund are being actively deployed to mitigate user risks. SlowMist provided detailed forensic insights into scam tactics, ranging from address poisoning to job offer Trojans, while Elliptic examined the laundering patterns of stolen cryptocurrency through cross-chain bridges and mixer platforms.

    “Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities. This means that reciprocally, we are also working to scale our technology and blockchain capabilities to track and identify the new methods criminals are using. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves,” said Arda Akartuna, Lead Crypto Threat Researcher, Elliptic, APAC.

    “This report reflects the real-world patterns we’re seeing on-chain every day. From phishing rings to fake staking dApps, the tactics may change—but the psychology is always the same. Users must be informed, skeptical, and security-minded at all times,” said Lisa, Security Operations Lead, SlowMist.

    The report closes with actionable recommendations for both users and institutions, including scam red flag indicators and best practices for avoiding common traps in DeFi, NFT, and Web3 environments.

    For the full report, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c73d1c7-7419-4f43-a2ae-2e9c450fb8bd

    The MIL Network –

    June 10, 2025
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