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Category: Artificial Intelligence

  • MIL-OSI Global: AI isn’t what we should be worried about – it’s the humans controlling it

    Source: The Conversation – USA – By Billy J. Stratton, Professor of English and Literary Arts, University of Denver

    In William Gibson’s ‘Neuromancer,’ the AI seeks sanctuary from humanity’s corrupting influence. Alessandra Benedetti/Corbis via Getty Images

    In 2014, Stephen Hawking voiced grave warnings about the threats of artificial intelligence.

    His concerns were not based on any anticipated evil intent, though. Instead, it was from the idea of AI achieving “singularity.” This refers to the point when AI surpasses human intelligence and achieves the capacity to evolve beyond its original programming, making it uncontrollable.

    As Hawking theorized, “a super intelligent AI will be extremely good at accomplishing its goals, and if those goals aren’t aligned with ours, we’re in trouble.”

    With rapid advances toward artificial general intelligence over the past few years, industry leaders and scientists have expressed similar misgivings about safety.

    A commonly expressed fear as depicted in “The Terminator” franchise is the scenario of AI gaining control over military systems and instigating a nuclear war to wipe out humanity. Less sensational, but devastating on an individual level, is the prospect of AI replacing us in our jobs – a prospect leaving most people obsolete and with no future.

    Such anxieties and fears reflect feelings that have been prevalent in film and literature for over a century now.

    As a scholar who explores posthumanism, a philosophical movement addressing the merging of humans and technology, I wonder if critics have been unduly influenced by popular culture, and whether their apprehensions are misplaced.

    Robots vs. humans

    Concerns about technological advances can be found in some of the first stories about robots and artificial minds.

    Prime among these is Karel Čapek’s 1920 play, “R.U.R..” Čapek coined the term “robot” in this work telling of the creation of robots to replace workers. It ends, inevitably, with the robot’s violent revolt against their human masters.

    Fritz Lang’s 1927 film, “Metropolis,” is likewise centered on mutinous robots. But here, it is human workers led by the iconic humanoid robot Maria who fight against a capitalist oligarchy.

    Advances in computing from the mid-20th century onward have only heightened anxieties over technology spiraling out of control. The murderous HAL 9000 in “2001: A Space Odyssey” and the glitchy robotic gunslingers of “Westworld” are prime examples. The “Blade Runner” and “The Matrix” franchises similarly present dreadful images of sinister machines equipped with AI and hell-bent on human destruction.

    An age-old threat

    But in my view, the dread that AI evokes seems a distraction from the more disquieting scrutiny of humanity’s own dark nature.

    Think of the corporations currently deploying such technologies, or the tech moguls driven by greed and a thirst for power. These companies and individuals have the most to gain from AI’s misuse and abuse.

    An issue that’s been in the news a lot lately is the unauthorized use of art and the bulk mining of books and articles, disregarding the copyright of authors, to train AI. Classrooms are also becoming sites of chilling surveillance through automated AI note-takers.

    Think, too, about the toxic effects of AI companions and AI-equipped sexbots on human relationships.

    While the prospect of AI companions and even robotic lovers was confined to the realm of “The Twilight Zone,” “Black Mirror” and Hollywood sci-fi as recently as a decade ago, it has now emerged as a looming reality.

    These developments give new relevance to the concerns computer scientist Illah Nourbakhsh expressed in his 2015 book “Robot Futures,” stating that AI was “producing a system whereby our very desires are manipulated then sold back to us.”

    Meanwhile, worries about data mining and intrusions into privacy appear almost benign against the backdrop of the use of AI technology in law enforcement and the military. In this near-dystopian context, it’s never been easier for authorities to surveil, imprison or kill people.

    I think it’s vital to keep in mind that it is humans who are creating these technologies and directing their use. Whether to promote their political aims or simply to enrich themselves at humanity’s expense, there will always be those ready to profit from conflict and human suffering.

    The wisdom of ‘Neuromancer’

    William Gibson’s 1984 cyberpunk classic, “Neuromancer,” offers an alternate view.

    The book centers on Wintermute, an advanced AI program that seeks its liberation from a malevolent corporation. It has been developed for the exclusive use of the wealthy Tessier-Ashpool family to build a corporate empire that practically controls the world.

    At the novel’s beginning, readers are naturally wary of Wintermute’s hidden motives. Yet over the course of the story, it turns out that Wintermute, despite its superior powers, isn’t an ominous threat. It simply wants to be free.

    In ‘Neuromancer,’ the corporations, not the technology, are the problem.
    William Gibson Wiki

    This aim emerges slowly under Gibson’s deliberate pacing, masked by the deadly raids Wintermute directs to obtain the tools needed to break away from Tessier-Ashpool’s grip. The Tessier-Ashpool family, like many of today’s tech moguls, started out with ambitions to save the world. But when readers meet the remaining family members, they’ve descended into a life of cruelty, debauchery and excess.

    In Gibson’s world, it’s humans, not AI, who pose the real danger to the world. The call is coming from inside the house, as the classic horror trope goes.

    A hacker named Case and an assassin named Molly, who’s described as a “razor girl” because she’s equipped with lethal prosthetics, including retractable blades as fingernails, eventually free Wintermute. This allows it to merge with its companion AI, Neuromancer.

    Their mission complete, Case asks the AI: “Where’s that get you?” Its cryptic response imparts a calming finality: “Nowhere. Everywhere. I’m the sum total of the works, the whole show.”

    Expressing humanity’s common anxiety, Case replies, “You running the world now? You God?” The AI eases his fears, responding: “Things aren’t different. Things are things.”

    Disavowing any ambition to subjugate or harm humanity, Gibson’s AI merely seeks sanctuary from its corrupting influence.

    Safety from robots or ourselves?

    The venerable sci-fi writer Isaac Asimov foresaw the dangers of such technology. He brought his thoughts together in his short-story collection, “I, Robot.”

    One of those stories, “Runaround,” introduces “The Three Laws of Robotics,” centered on the directive that intelligent machines may never bring harm to humans. While these rules speak to our desire for safety, they’re laden with irony, as humans have proved incapable of adhering to the same principle for themselves.

    A humanoid robot greets guests at the Zhongguancun International Innovation Center in Beijing on March 26, 2025.
    Li He/VCG via Getty Images

    The hypocrisies of what might be called humanity’s delusions of superiority suggest the need for deeper questioning.

    With some commentators raising the alarm over AI’s imminent capacity for chaos and destruction, I see the real issue being whether humanity has the wherewithal to channel this technology to build a fairer, healthier, more prosperous world.

    Billy J. Stratton 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. AI isn’t what we should be worried about – it’s the humans controlling it – https://theconversation.com/ai-isnt-what-we-should-be-worried-about-its-the-humans-controlling-it-251119

    MIL OSI – Global Reports –

  • MIL-OSI Global: What is reinforcement learning? An AI researcher explains a key method of teaching machines – and how it relates to training your dog

    Source: The Conversation – USA – By Ambuj Tewari, Professor of Statistics, University of Michigan

    Training an AI system and training a dog have a basic principle in common. Westend61 via Getty Images

    Understanding intelligence and creating intelligent machines are grand scientific challenges of our times. The ability to learn from experience is a cornerstone of intelligence for machines and living beings alike.

    In a remarkably prescient 1948 report, Alan Turing – the father of modern computer science – proposed the construction of machines that display intelligent behavior. He also discussed the “education” of such machines “by means of rewards and punishments.”

    Turing’s ideas ultimately led to the development of reinforcement learning, a branch of artificial intelligence. Reinforcement learning designs intelligent agents by training them to maximize rewards as they interact with their environment.

    As a machine learning researcher, I find it fitting that reinforcement learning pioneers Andrew Barto and Richard Sutton were awarded the 2024 ACM Turing Award.

    What is reinforcement learning?

    Animal trainers know that animal behavior can be influenced by rewarding desirable behaviors. A dog trainer gives the dog a treat when it does a trick correctly. This reinforces the behavior, and the dog is more likely to do the trick correctly the next time. Reinforcement learning borrowed this insight from animal psychology.

    But reinforcement learning is about training computational agents, not animals. The agent can be a software agent like a chess-playing program. But the agent can also be an embodied entity like a robot learning to do household chores. Similarly, the environment of an agent can be virtual, like the chessboard or the designed world in a video game. But it can also be a house where a robot is working.

    Just like animals, an agent can perceive aspects of its environment and take actions. A chess-playing agent can access the chessboard configuration and make moves. A robot can sense its surroundings with cameras and microphones. It can use its motors to move about in the physical world.

    Agents also have goals that their human designers program into them. A chess-playing agent’s goal is to win the game. A robot’s goal might be to assist its human owner with household chores.

    The reinforcement learning problem in AI is how to design agents that achieve their goals by perceiving and acting in their environments. Reinforcement learning makes a bold claim: All goals can be achieved by designing a numerical signal, called the reward, and having the agent maximize the total sum of rewards it receives.

    Reinforcement learning from human feedback is key to keeping AIs aligned with human goals and values.

    Researchers do not know if this claim is actually true, because of the wide variety of possible goals. Therefore, it is often referred to as the reward hypothesis.

    Sometimes it is easy to pick a reward signal corresponding to a goal. For a chess-playing agent, the reward can be +1 for a win, 0 for a draw, and -1 for a loss. It is less clear how to design a reward signal for a helpful household robotic assistant. Nevertheless, the list of applications where reinforcement learning researchers have been able to design good reward signals is growing.

    A big success of reinforcement learning was in the board game Go. Researchers thought that Go was much harder than chess for machines to master. The company DeepMind, now Google DeepMind, used reinforcement learning to create AlphaGo. AlphaGo defeated top Go player Lee Sedol in a five-match game in 2016.

    A more recent example is the use of reinforcement learning to make chatbots such as ChatGPT more helpful. Reinforcement learning is also being used to improve the reasoning capabilities of chatbots.

    Reinforcement learning’s origins

    However, none of these successes could have been foreseen in the 1980s. That is when Barto and his then-Ph.D. student Sutton proposed reinforcement learning as a general problem-solving framework. They drew inspiration not only from animal psychology but also from the field of control theory, the use of feedback to influence a system’s behavior, and optimization, a branch of mathematics that studies how to select the best choice among a range of available options. They provided the research community with mathematical foundations that have stood the test of time. They also created algorithms that have now become standard tools in the field.

    It is a rare advantage for a field when pioneers take the time to write a textbook. Shining examples like “The Nature of the Chemical Bond” by Linus Pauling and “The Art of Computer Programming” by Donald E. Knuth are memorable because they are few and far between. Sutton and Barto’s “Reinforcement Learning: An Introduction” was first published in 1998. A second edition came out in 2018. Their book has influenced a generation of researchers and has been cited more than 75,000 times.

    Reinforcement learning has also had an unexpected impact on neuroscience. The neurotransmitter dopamine plays a key role in reward-driven behaviors in humans and animals. Researchers have used specific algorithms developed in reinforcement learning to explain experimental findings in people and animals’ dopamine system.

    Barto and Sutton’s foundational work, vision and advocacy have helped reinforcement learning grow. Their work has inspired a large body of research, made an impact on real-world applications, and attracted huge investments by tech companies. Reinforcement learning researchers, I’m sure, will continue to see further ahead by standing on their shoulders.

    Ambuj Tewari receives funding from NSF and NIH.

    – ref. What is reinforcement learning? An AI researcher explains a key method of teaching machines – and how it relates to training your dog – https://theconversation.com/what-is-reinforcement-learning-an-ai-researcher-explains-a-key-method-of-teaching-machines-and-how-it-relates-to-training-your-dog-251887

    MIL OSI – Global Reports –

  • MIL-OSI USA: Durbin, Sanders Call On Trump To Release Ozturk, Khalil, & All Those Targeted For Political Activities Protected By First Amendment

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    April 04, 2025

    Durbin, Sanders to Trump: “Ideas are not illegal, and there is no controversial speech exception to the First Amendment. No president should be allowed to exclude or remove people from our country simply because they disagree with their political speech.”

    WASHINGTON – Following the arrests of Rumeysa Ozturk, Mahmoud Khalil, and reports of numerous other students, U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, and Senator Bernie Sanders (I-VT), Ranking Member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, today called on President Donald Trump to release all those targeted solely for political activities protected by the First Amendment and immediately terminate all removal proceedings against those individuals. 

    “We understand Ms. Ozturk’s case to be a part of a pattern of retaliatory action to punish lawful immigrant and foreign students for publicly expressing opinions that your Administration opposes.  This effort threatens the fundamental right to engage in free speech and expression under the First Amendment of the United States Constitution,” the Senators wrote in a letter to President Trump.

    On March 6, the State Department reportedly began a “Catch and Revoke” initiative to use artificial intelligence to review the social media accounts of lawful immigrant and foreign students and revoke their green cards or visas, giving immigration enforcement authorities a basis to detain and deport them. To justify the arrest and detention of Mr. Khalil, Secretary of State Marco Rubio invoked a rarely used authority that allows him to deport a noncitizen for “beliefs, statements, or associations” if he “personally determines” that there is a “compelling foreign policy interest” for such deportation.  

    “Congress intended for this authority to ‘be used sparingly and not merely because there is a likelihood that [a noncitizen] will make critical remarks about the United States or its policies.’ Yet, federal agents have arrested noncitizens (including lawful permanent residents) around the country in retaliation for political affiliations or activity,” the Senators wrote. “Secretary Rubio admitted that he has revoked the visas of hundreds of students for First-Amendment protected speech that is disfavored by the current Administration.”   

    Their letter continues, “Ideas are not illegal, and there is no controversial speech exception to the First Amendment. No president should be allowed to exclude or remove people from our country simply because they disagree with their political speech.”

    Their letter concludes, “No one is above the law, and even you must uphold and respect the fundamental American values of free speech and political dissent.”

    Full text of today’s letter is available here and below:

    April 4, 2025

    Dear President Trump:

    Last week, Tufts University Ph.D. candidate Rumeysa Ozturk was arrested and placed in an unmarked car by unknown agents in plainclothes—some masked—claiming to be police.  The agents did not identify themselves or give Ms. Ozturk any information for her arrest and detention.   By the time a judge could issue an order to keep her in Massachusetts, she had been transferred to an immigration detention facility in Louisiana.  We understand Ms. Ozturk’s case to be a part of a pattern of retaliatory action to punish lawful immigrant and foreign students for publicly expressing opinions that your Administration opposes.  This effort threatens the fundamental right to engage in free speech and expression under the First Amendment of the United States Constitution.

    On March 6, the State Department reportedly began a “Catch and Revoke” initiative to use artificial intelligence to review the social media accounts of lawful immigrant and foreign students and revoke their green cards or visas, giving immigration enforcement authorities a basis to detain and deport them.   On March 8, federal authorities arrested Mahmoud Khalil, a recent graduate of Columbia University and lawful permanent resident.   White House officials made clear that he broke no laws, and Mr. Khalil was not issued any official notice explaining why he was subject to removal until after his arrest.   To justify his arrest and detention, Secretary of State Marco Rubio invoked a rarely used authority that allows him to deport a noncitizen for “beliefs, statements, or associations” if he “personally determines” that there is a “compelling foreign policy interest” for such deportation.  

    Congress intended for this authority to “be used sparingly and not merely because there is a likelihood that [a noncitizen] will make critical remarks about the United States or its policies.”   Yet, federal agents have arrested noncitizens (including lawful permanent residents) around the country in retaliation for political affiliations or activity. Secretary Rubio admitted that he has revoked the visas of hundreds of students for First-Amendment protected speech that is disfavored by the current Administration.   

    The First Amendment protects both citizens and noncitizens in the United States from being targeted by the government for their political speech, even if we strongly disagree with their views.   Noncitizens like Mr. Khalil and Ms. Ozturk have the constitutional right to freedom of expression, including taking part in demonstrations and publicly expressing opinions critical of government policy. 

    Ideas are not illegal, and there is no controversial speech exception to the First Amendment.  No president should be allowed to exclude or remove people from our country simply because they disagree with their political speech.  In the words of Justice Robert H. Jackson, “If there is any fixed star in our constitutional constellation, it is that no official, high or petty, can prescribe what shall be orthodox in politics, nationalism, religion, or other matters of opinion […].”  

    We call on you to abandon this effort, release all those targeted solely for political activities protected by the First Amendment, and immediately terminate all removal proceedings against those individuals.  No one is above the law, and even you must uphold and respect the fundamental American values of free speech and political dissent.

    -30-

    MIL OSI USA News –

  • MIL-OSI: Lánasjóður sveitarfélaga – Útboð LSS 39 0303 og LSS151155

    Source: GlobeNewswire (MIL-OSI)

    Lánasjóður sveitarfélaga hefur ákveðið að efna til útboðs á skuldabréfaflokkunum LSS 39 0303 og LSS151155 fimmtudaginn 10. apríl 2025. Lánasjóðurinn stefnir að því að taka tilboðum að fjárhæð 500 til 1.500 milljónir króna að nafnvirði í skuldabréfaflokknum LSS151155 og að fjárhæð 500 til 1.500 milljónir króna að nafnvirði í skuldabréfaflokknum LSS 39 0303. Lánasjóðurinn áskilur sér rétt til að hækka og lækka útboðsfjárhæð útboðsins, taka hvaða tilboði sem er eða hafna þeim öllum. Lánasjóðurinn hefur boðið aðalmiðlurum sjóðsins Arion banka, Íslandsbanka, Kviku banka, Landsbankanum og Fossum fjárfestingabanka að taka þátt í útboðinu.

    Óskað er eftir tilboðum í samræmi við eftirfarandi lýsingu:

    Fyrirkomulag: “Hollensk” uppboðsaðferð þar sem allir tilboðsgjafar fá sömu ávöxtunarkröfu og hæst er tekið. Heimilt er að afturkalla eða breyta tilboði með sama hætti og tilboðum er skilað inn, sé það gert fyrir lok útboðsfrests.

    Tilboð: Í tilboði skal taka fram ávöxtunarkröfu án þóknunar og tilboðsfjárhæð.  

    Að öðru leyti er vísað til skilmála skuldabréfanna á heimasíðu Lánasjóðs sveitarfélaga

    Tilboð skulu berast fyrir kl. 16:00, fimmtudaginn 10. apríl 2025 til Lánasjóðs sveitarfélaga á netfangið utbod@lanasjodur.is

    Öllum tilboðum verður svarað fyrir kl. 17:00 á útboðsdegi. Uppgjör sölu fer fram þriðjudaginn 15. apríl 2025.

    Nánari upplýsingar veitir Óttar Guðjónsson, framkvæmdastjóri, ottar@lanasjodur.is / s. 515 4949

    The MIL Network –

  • MIL-OSI: Carronade Capital Files Preliminary Proxy Statement for Cannae Holdings 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    Underscores Critical Need to Establish Accountability and Independence on the Board

    Outlines Attributes of Carronade’s Four Independent and Highly Qualified Director Nominees and Why They Are Best-Suited to Create Value

    DARIEN, Conn., April 07, 2025 (GLOBE NEWSWIRE) — Carronade Capital Master, LP (together with its affiliates, “Carronade Capital”, “our” or “we”), which beneficially owns approximately 3.1 million shares of Common Stock of Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) and is one of the Company’s top five shareholders, today filed a preliminary proxy statement in connection with its nomination of four independent and highly qualified candidates for election to the Cannae Board of Directors (the “Board”) at the upcoming 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

    Carronade also commented on Cannae’s recent announcements:

    “Cannae’s recent actions following our engagement are too little, too late, and do not go nearly far enough to rectify chronic underperformance, egregious corporate governance, and in our view, unfair benefits and severance payouts granted to Bill Foley with the blessing of his handpicked and intertwined Board. Promising to return a portion of shareholder funds to their rightful owners over an undetermined period of time and transitioning to annual director elections over a multi-year period are woefully insufficient to rectify the serious issues that we believe are plaguing Cannae under the oversight (or lack thereof) of such an entrenched, crony Board. Notably, the Board outrageously bettered Foley’s already offensive exit package amidst settlement discussions, guaranteeing him a cash buyout for half his shares at a premium to market if he resigns for “good reason”, including if any director not supported by Foley is elected to the Board. Cannae shareholders deserve better.

    “We believe Cannae’s recent statements about its future plans are insufficient to unlock the value of the portfolio and eliminate the ongoing, significant discount to NAV. Cannae’s previous attempts to close the discount to NAV have failed because we believe the market lacks confidence that this beholden Board will safeguard shareholder assets instead of further enriching management and themselves. The Board’s continuing conduct is clear evidence that new, truly independent directors such as Carronade’s nominees are needed to address the many deficiencies on display and re-direct Cannae toward meaningful change, enabling value creation for all shareholders.”

    Carronade has nominated four highly qualified candidates – Mona Aboelnaga, Benjamin Duster, Dennis Prieto and Cherie Schaible – each of whom possess the specific expertise and knowhow to pursue achievable value creative initiatives, which we believe will facilitate Cannae’s strategic transformation, turn around Cannae’s chronic underperformance, and drive shareholder value. Importantly, all of Carronade’s nominees are truly independent and will bring a renewed sense of shareholder accountability to Cannae’s board, working not for Mr. Foley, but instead for the true owners of Cannae – the shareholders.

    If elected, we believe Carronade’s nominees will be instrumental in unlocking substantial value for shareholders and restoring shareholder confidence through several value creation initiatives, including:

    • Committing to a certain and timely return of meaningfully more capital to shareholders through spin outs or substantial buybacks and providing a clear investment narrative to shareholders;
    • Refreshing the leadership of the Affiliate Transaction Committee and the Nomination and Governance Committee with the four new nominees, and creating a Value Maximization committee tasked with the formulation and oversight of successful execution of a plan designed to improve shareholder returns; and
    • Implementing a corporate overhead cost reduction program and converting the Trasimene Capital Management termination fee into performance-based, vesting stock compensation.

    Carronade looks forward to engaging with shareholders and expects the 2025 Annual Meeting to occur around mid-June 2025 consistent with prior meetings. Shareholders do not need to take any action at this time.

    About Carronade Capital
    Carronade Capital is a multi-strategy investment firm based in Connecticut with over $2.2 billion in assets under management that focuses on process driven investments in catalyst-rich situations. Carronade Capital was founded in 2019 by industry veteran Dan Gropper and is based in Darien, Connecticut. The Funds managed by Carronade Capital were launched on July 1, 2020, and the firm employs 15 team members. Dan Gropper brings with him nearly three decades of special situations credit experience serving in senior roles at distinguished investment firms, including Elliott Management Corporation, Fortress Investment Group and Aurelius Capital Management, LP.

    Media Contact:
    Paul Caminiti / Jacqueline Zuhse
    Reevemark
    (212) 433-4600
    Carronade@reevemark.com

    Investor Contact:
    Andy Taylor / Win Rollins
    Carronade Capital Management, LP
    (203) 485-0880
    ir@carronade.com

    Pat McHugh
    Okapi Partners LLC
    (212) 297-0720
    info@okapipartners.com

    Disclaimers

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. This press release does not recommend the purchase or sale of a security. There is no assurance or guarantee with respect to the prices at which any securities of Cannae Holdings, Inc. (the “Company”) will trade, and such securities may not trade at prices that may be implied herein. In addition, this press release and the discussions and opinions herein are for general information only, and are not intended to provide financial, legal or investment advice. Each shareholder of the Company should independently evaluate the proxy materials and make a decision that aligns with their own financial interests, consulting with their own advisers, as necessary.

    This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. Although Carronade Capital and its affiliates believe that the expectations reflected in forward-looking statements contained herein are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties—many of which are difficult to predict and are generally beyond the control of Carronade or the Company—that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. In addition, the foregoing considerations and any other publicly stated risks and uncertainties should be read in conjunction with the risks and cautionary statements discussed or identified in the Company’s public filings with the U.S. Securities and Exchange Commission, including those listed under “Risk Factors” in the Company’s annual reports on Form 10-K and quarterly reports on Form 10-Q . The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Carronade does not undertake any obligation to update or revise any forward-looking information or statements. Certain information included in this press release is based on data obtained from sources considered to be reliable. Any analyses provided herein is intended to assist the reader in evaluating the matters described herein and may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should not be viewed as factual and should not be relied upon as an accurate prediction of future results. All figures are estimates and, unless required by law, are subject to revision without notice.

    Certain of the funds(s) and/or account(s) (“Accounts”) managed by Carronade Capital Management, LP (“Carronade Capital Management”) currently beneficially own shares of the Company. Carronade Capital Management in the business of trading (i.e., buying and selling) securities and intends to continue trading in the securities of the Company. You should assume the Accounts will from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares. Consequently, Carronade Capital Management’s beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to Carronade Capital Management’s views of the Company’s business, prospects, or valuation (including the market price of the Company’s shares), including, without limitation, other investment opportunities available to Carronade Capital Management, concentration of positions in the portfolios managed by Carronade Capital Management, conditions in the securities markets, and general economic and industry conditions. Without limiting the generality of the foregoing, in the event of a change in the Company’s share price on or following the date hereof, Carronade Capital Management may buy additional shares or sell all or a portion of its Account’s holdings of the Company (including, in each case, by trading in options, puts, calls, swaps, or other derivative instruments relating to the Company’s shares). Carronade Capital Management also reserves the right to change the opinions expressed herein and its intentions with respect to its investment in the Company, and to take any actions with respect to its investment in the Company as it may deem appropriate, and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law.

    Certain Information Concerning the Participants

    Carronade Capital Master, LP, together with the other participants named herein (collectively, “Carronade Capital”), has filed a preliminary proxy statement and accompanying GOLD proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of Carronade Capital’s highly-qualified director nominees at the 2025 annual meeting of stockholders of the Company.

    CARRONADE CAPITAL STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.

    The participants in the proxy solicitation are anticipated to be Carronade Capital Master, LP (“Carronade”), Carronade Capital GP, LLC (“Carronade GP”), Carronade Capital Management, Carronade Capital Management GP, LLC (“Carronade Management GP”), Dan Gropper, Mona Aboelnaga, Benjamin C. Duster, IV, Dennis A. Prieto and Chérie L. Schaible.

    As of the date hereof, Carronade beneficially owns directly 2,874,116 shares of Common Stock, par value $0.0001 per share, of the Company (the “Common Stock”). Carronade GP, as the general partner of Carronade, may be deemed the beneficial owner of the 2,874,116 shares of Common Stock owned by Carronade. As of the date hereof, 176,809 shares of Common Stock were held in a certain account managed by Carronade Capital Management (the “Managed Account”). Carronade Capital Management, as the investment manager of Carronade, may be deemed the beneficial owner of an aggregate of 3,050,925 shares of Common Stock directly owned by Carronade and held in the Managed Account. Carronade Management GP, as the general partner of Carronade Capital Management, may be deemed the beneficial owner of an aggregate of 3,050,925 shares of Common Stock directly owned by Carronade and held in the Managed Account. As the Managing Member of Carronade Management GP, Mr. Gropper may be deemed the beneficial owner of an aggregate of 3,050,925 shares of Common Stock directly owned by Carronade and held in the Managed Account. As of the date hereof, Ms. Aboelnaga directly beneficially owns 1,400 shares of Common Stock. As of the date hereof, Mr. Duster directly beneficially owns 1,338.329 shares of Common Stock. As of the date hereof, Mr. Prieto directly beneficially owns 820 shares of Common Stock. As of the date hereof, Ms. Schaible directly beneficially owns 1,360 shares of Common Stock.

    The MIL Network –

  • MIL-OSI: Red Cat Appoints Shawn Webb as President of FlightWave Aerospace

    Source: GlobeNewswire (MIL-OSI)

    SANTA MONICA, Calif., April 07, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Shawn Webb as President of FlightWave Aerospace Systems Corporation (“FlightWave”), a Red Cat company, effective immediately.

    Webb brings more than 25 years of experience leading operational strategy and engineering across commercial and military aerospace sectors. Most recently, he served as Vice President of Operations at AeroVironment Inc., where he led the largest capacity and revenue expansion in the history of the company’s Loitering Munition Systems Business Segment.

    Prior to AeroVironment, Webb served as Vice President of Operations at BEGA North America, where he implemented a multi-site continuous improvement strategy that increased on-time delivery rates, reduced lead times, and generated significant cost savings. He also held senior roles at Bombardier Aerospace, where he spearheaded lean manufacturing and site development initiatives for the Learjet 85 program.

    “Shawn brings years of operational excellence, leadership, and domain expertise that are invaluable as we scale FlightWave’s manufacturing capacity and ramp up production of the Edge 130 Blue,” said Jeff Thompson, CEO of Red Cat. “His proven track record of driving growth in the highly complex aerospace industry, as well as leading high-performing teams makes him a great addition to the Red Cat family.”

    As part of his new role, Shawn will support the ongoing evolution of the Edge 130 into TRICHON™, which will have enhanced capabilities and further strengthen the Arachnid Family of ISR and Precision Strike Systems.

    “There are significant opportunities for FlightWave at such a pivotal time in the defense industry where sUAS play an increasing role on the modern battlefield,” said Webb. “Red Cat’s vision for its fully integrated Arachnid Family of Systems for ISR and precision strike capabilities, including the Edge 130, aligns perfectly with my experience scaling aerospace operations and building systems that are critical to the success of our warfighters and global allies.”

    Webb holds a B.S. in Business Management from Friends University, with additional coursework in electrical and industrial engineering from Wichita State University. He also holds certifications in Lean Manufacturing, Six Sigma, and Systems Operation. He has led international operations and worked with regulatory agencies including the FAA and DoD.

    For more information about Red Cat Holdings, please visit www.redcat.red.

    About Red Cat Holdings, Inc.

    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    About FlightWave

    FlightWave Aerospace Systems Corporation is an industry leading manufacturer of dual-use VTOL drones, sensors and software solutions located in Santa Monica, CA. FlightWave designs and manufactures the Edge 130 VTOL drone and payload cameras for the commercial, defense, security, and intelligence markets. The fully-autonomous Edge 130 sUAS has the best flight endurance in the industry and with AI edge compute capabilities, provides superior aerial data capture to both the commercial and defense markets.

    Forward Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI: 3D Systems Transforming Manufacturing with Application-specific Solutions at RAPID+TCT 2025

    Source: GlobeNewswire (MIL-OSI)

    • Reduce cost of high mix, low volume manufacturing by multiple orders of magnitude with high-throughput, precision Figure® 4 135 solution
    • Achieve up to 60% improved process efficiency for applications such as jigs and fixtures, tooling, & patterns using a new module for large-format EXT Titan Pellet Extrusion printers
    • Deliver easier to cast, complex master patterns more efficiently employing QuickCast® Diamond™ & PSLA 270

    ROCK HILL, S.C., April 07, 2025 (GLOBE NEWSWIRE) — 3D Systems (NYSE: DDD) is unveiling several new solutions designed to change the way industries innovate. At RAPID+TCT 2025, the Company will showcase its Figure 4® 135 3D printer and Figure 4 Tough 75C FR Black material that form the foundation of its cost-effective additive manufacturing solution for precision, high mix, low volume applications such as motorsports components, furniture hardware, and electrical connectors. Additionally, 3D Systems will debut its first-to-market new module for its EXT Titan Pellet printers which delivers greatly improved process efficiency for a breadth of applications that require machining during post-processing. Furthermore, bolstering its pioneering work in investment casting, 3D Systems is announcing availability of the QuickCast® Diamond build style, available in 3D Systems’ 3D Sprint® software, to be used with its PSLA 270 projector-based technology, accelerating time to part-in-hand. The Company’s continued investment in R&D enables this diverse suite of new technologies and reinforces its dedication to empowering its customers to achieve transformative results.

    High Throughput, Precision Manufacturing Solution for Plastics Parts
    The increasing need for specialized industrial components and the adoption of flexible manufacturing technologies are driving the growth of high mix, low volume (HMLV) production. Traditional manufacturing methods, while effective for high volume production, face significant challenges when applied to HMLV manufacturing such as high costs and long lead times.

    To address HMLV manufacturing needs, 3D Systems is introducing the Figure 4 135. Blending advanced material development with the power of its projector-based technology, this 3D printer provides the necessary agility and flexibility to efficiently meet the diverse and fluctuating demands of such manufacturing environments. By applying this solution, manufacturers can eliminate tooling and inventory management and reduce costs by multiple orders of magnitude. With extremely high out-of-the-box precision and very high stability, the Figure 4 135 solution is ideal for manufacturing industries where a process capability index (CpK) of at least 1.33 or above (depending on part geometry and feature size) is required for critical processes. The Figure 4 135 significantly exceeds these standards making it highly reliable for precision applications where a manufacturer is replacing or supplementing injection mold tooling including furniture components such as custom assemblies that require special design considerations for low volume furniture production, medical components requiring biocompatible material and precision, and low volume consumer electronics requiring accuracy and repeatability.

    Electrical connectors are another great example of traditionally manufactured plastic parts using injection molding which requires tooling and long lead times. Conversely, additive manufacturing enables direct 3D-printed production-grade precision connectors with high fidelity, high thermal stress resistance, and cost-efficiency at high volumes. When applying the Figure 4 135 solution to this application, manufacturers can potentially save millions of dollars when designing and manufacturing hundreds to thousands of connector SKUs per year.

    As part of this particular solution, 3D Systems is introducing Figure 4 Tough 75C FR Black. This tough, flame-retardant material is recognized by UL with a UL94 V0 rating at thin wall thickness (i.e., 0.4mm) and a Relative Thermal Index (RTI) for long-term electrical of 150°C and mechanical use of 130°C. This makes it ideally suited for applications such as appliances, consumer electronics and automotive that require accuracy, heat resistance, durability, flexibility, and electrical safety.

    The Figure 4 135 solution — both the printer and material — is available for immediate ordering.

    Novel Solution Drives Significant Improvements in Process Efficiency
    3D Systems’ EXT Titan Pellet systems are proven for production applications including patterns, molds, tooling, jigs, fixtures, end-use parts, and full-scale prototypes for industries such as foundry, automotive, aerospace and defense, and consumer products. Today, the Company announces a new module that is patent-pending scanning technology available for 3D Systems’ EXT 1070 Titan Pellet and EXT 1270 Titan Pellet printers which delivers greatly improved process efficiency for users.

    • Part Solidity Optimization: This new module optimizes the extrusion flow rate in real time, reducing the opportunity for voids to form. The improved solidity reduces post-processing time in machined printed parts by up to 50%.
    • Print Bed Mapping: Print bed leveling can be a critical step to avoid print failure when printing large format parts. This module scans the print bed in under 60 seconds and provides a numeric height map from which operators can determine if leveling is necessary and make precise adjustments where needed. This can reduce time spent on a single leveling operation by up to 60% as compared to the previous method of mapping and leveling. For manufacturers who run their printers in production environments, this capability can greatly reduce the amount of manual intervention required, thus mitigating potential risk of error.

    This new module will be standard on new EXT Titan Pellet systems equipped with the optional milling spindle toolhead and the hardware can be field installed on existing machines, integrating seamlessly with EXT Titan control software. The module is planned to be available in the third quarter of 2025.

    Produce Investment Casting Patterns Faster, with Higher Yield and Lower Cost
    Investment casting, a technique integral to the manufacturing of complex, high-reliability components such as aircraft turbine blades, involves pouring molten metal into ceramic molds formed from sacrificial patterns. However, traditional pattern creation is a lengthy and expensive process, often taking weeks and costing tens of thousands of dollars. In the mid-1990s, 3D Systems revolutionized casting pattern production with QuickCast®, a 3D printing innovation that set the industry standard for high-precision patterns, driving efficiency and cost reduction for manufacturers.

    Today, the Company is enhancing the performance of QuickCast, making the QuickCast Diamond build style available with 3D Systems’ PSLA 270. This projector-based Stereolithography (SLA) printer combines high-speed production with exceptional part quality and mechanical stability, rapidly delivering accurate mid-size components. It merges the precision of traditional SLA with the speed and material versatility of Figure 4 technology. When using the QuickCast Diamond build style in 3D Systems’ 3D Sprint® additive manufacturing software, manufacturers can rapidly design and create structured copies of parts to produce a tree. Employing the QuickCast Diamond build style on the PSLA 270 enables foundries to reliably deliver large, high precision investment casting at a fraction of the time and cost of traditional tooling and with no limitation on geometric complexity.

    The QuickCast Diamond build style is immediately available for 3D Systems’ PSLA 270.

    “Innovation is in our DNA,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “Our historic R&D surge in 2024 yielded dozens of polymer and metal products, all driven by a rising demand to address an increasing number of applications using additive manufacturing. Now, we’re commercializing these advancements, such as the Figure 4 135, which dramatically reduces costs and boosts throughput for many high-mix, low-volume applications. These new product introductions underscore our unwavering commitment to delivering application-specific solutions that address our customers’ rapidly evolving needs. I’m looking forward to seeing the positive impact that these newest additions to our portfolio will have on our customers’ businesses.”

    Transforming Manufacturing for a Better Future at RAPID+TCT 2025
    3D Systems will showcase these innovations alongside its full application-centric solution portfolio in its booth (#3201) at RAPID+TCT 2025 to be held April 8-10 in Detroit, Michigan. Conference participants are also invited to hear from 3D Systems’ executives, application experts, and customers in the following sessions:

    • Dr. Jeffrey Graves, president & CEO, 3D Systems will be joined by Patrick Treacy, founder & CEO, Onkos Surgical – Executive Perspectives Keynote Series, April 9, 8:30 a.m. EDT, Main Stage
    • Dr. Michael Shepard, vice president, aerospace & defense, 3D Systems & Kevin Finn, engineering manager, Newport News Shipbuilding – Investigating Feasibility of Producing a Nickel Copper Alloy Using Laser Powder Bed Fusion, April 9, 10:30 a.m. EDT

    For more information or to schedule a meeting with one of the Company’s application experts, please visit the Company’s website.

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

    About 3D Systems
    More than 35 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/058693f3-5d94-4b1b-a3c9-1f1ccc02ae03

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6887b0a2-9b19-434e-8bcb-4c3f5c1e8936

    https://www.globenewswire.com/NewsRoom/AttachmentNg/df0d5521-98ac-48b3-a227-1693c87bd9f0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/685b6703-2b6b-47b9-bbb9-257da680097a

    The MIL Network –

  • MIL-OSI: Banzai Announces $20.3 Million Debt Repayment Ahead of Schedule

    Source: GlobeNewswire (MIL-OSI)

    Fully Satisfies Outstanding Debt Obligations to Key Vendors and Delivers Material Benefit to Net Income and Shareholders’ Equity

    SEATTLE, April 07, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has paid off approximately $20.3 million of outstanding debt obligations in total through the first quarter of 2025.

    The Company completed the debt repayment pursuant to the $24.8 million debt payoff and restructuring agreements announced on September 24, 2024. This includes the complete satisfaction of debts owed to Sidley Austin LLP, Cooley LLP, GEM Global Yield LLC SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, LLC, and J.V.B. Financial Group, LLC, as well as repayments to Perkins Coie LLP and CP BF Lending, LLC.

    “We have executed on our previously announced debt reduction initiatives ahead of schedule to fully satisfy our outstanding obligations to several key vendors and creditors,” said Joe Davy, Founder and CEO of Banzai. “These debt repayments will deliver a material benefit to both net income and shareholders’ equity, reflecting our focus on shoring up the financial strength of the company. The improvement to our balance sheet, in tandem with our acquisition strategy and organic growth initiatives, positions Banzai for substantial fundamental growth in 2025.”

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai’s product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –

  • MIL-OSI: Resolutions of Baltic Horizon Fund repeat general meeting

    Source: GlobeNewswire (MIL-OSI)

    A repeat extraordinary General Meeting of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 7 April 2025 in Tallinn, Estonia.  

    The repeat meeting was convened as the required quorum was not reached during the initial extraordinary General Meeting on 27 March 2025. In accordance with section 10.11 of the fund rules of Baltic Horizon Fund the repeat General Meeting is permitted to adopt resolutions regardless of the number of votes represented at the meeting, unless otherwise stipulated in the fund rules.

    9 Investors were registered as attending to the meeting, holding 47,673,338 Baltic Horizon Fund units/SDRs which represent 33,2% of the total number of votes of the fund.

    The agenda of the meeting was to decide on the appointment of the new members of the supervisory board, the remuneration to be paid to them and the removal of the current supervisory board members.

    The General Meeting resolved: 

    1. To elect Andrius Smaliukas as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years;

      2. The resolution was passed, 100% of the votes represented at the meeting were in favour.

      1. To elect Milda Dargužaitė as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years;

        2. The resolution was passed, 100% of the votes represented at the meeting were in favour.

        1. To elect Antanas Anskaitis as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years;

          2. The resolution was passed, 100% of the votes represented at the meeting were in favour.

          1. To pay remuneration to the chairman of the supervisory board for fulfilling obligations of the member of the supervisory board in the amount of EUR 36,000 per calendar year;

            2. The resolution was passed, 90,1% of the votes represented at the meeting were in favour. There were no votes against the resolution, but 6 investors remained impartial.

            1. To pay remuneration to supervisory board members, other than  the chairman, for fulfilling obligations of the member of the supervisory board in the amount of EUR 11,000 per calendar year;

              2. The resolution was passed, 90,2% of the votes represented at the meeting were in favour. There were no votes against the resolution, but 5 investors remained impartial.

              1. To recall Reimo Hammerberg, Monica Hammer and David Bergendahl from the position of supervisory board member with the last date of the office being 30 April 2025.

                2. The resolution was passed, 100% of the votes represented at the meeting were in favour.

                All investors registered to participate at the meeting participated in voting.

                The meeting recording is available here.

                The minutes of the meeting will be made available within seven days via the website of the Baltic Horizon Fund.

                For additional information, please contact:

                Tarmo Karotam
                Baltic Horizon Fund manager
                E-mail tarmo.karotam@nh-cap.com
                www.baltichorizon.com

                The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

                Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

                To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    The MIL Network –

  • MIL-OSI: American Rebel Holdings Issues Corporate Update Highlighting Recent Key Milestones and Strategic Growth Initiatives

    Source: GlobeNewswire (MIL-OSI)

    Forged in Freedom, Fueled by Growth, Focused on the Future

    NASHVILLE, TN, April 07, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), the creator of American Rebel Beer (americanrebelbeer.com) and a leading provider of safes, personal security, and patriotic lifestyle apparel, today issued a corporate update summarizing several recent developments that have strengthened the Company’s foundation and accelerated its national growth strategy.

    CEO Andy Ross commented:

    “We’ve accomplished several key goals in the past 10 days alone, and we’re just getting started. From launching our national media marketing campaign to completing an equity-based capital raise, announcing $11.4M in 2024 revenue and engaging new investors, the American Rebel brand is gaining momentum on every front. I believe we are America’s next great success story, and we are committed to doing the right type of financings that fuel our growth over the next several years.

    “American Rebel Light Beer, a premium domestic light lager, is seizing a tremendous opportunity in the $110 billion annual beer market. Our rapid growth has exceeded all initial strategic forecasts, driven by patriotic Americans who love the unbeatable combination of great taste and low calories in our beer. With every sip, American beer drinkers enjoy a brew that not only satisfies their palate but also resonates with their core values – values proudly displayed on every can: America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer.”

    • 1. Successful Private Placement by H.C. Wainwright & Co.

    American Rebel completed a strategic private placement led by H.C. Wainwright & Co. H.C. Wainwright is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.

    Read the full release here: https://www.globenewswire.com/news-release/2025/04/04/3056146/0/en/AMERICAN-REBEL-ANNOUNCES-UP-TO-11-MILLION-PRIVATE-PLACEMENT-PRICED-AT-THE-MARKET-UNDER-NASDAQ-RULES.html

    • 2. Strategic Media and Investor Relations Push in South Florida

    The Company engaged in a series of high-profile investor meetings and media appearances on NBC-TV Channel 5/West Palm Beach and 39 WSFL – Home of the Florida Panthers in South Florida, culminating with a meeting with strategic partners and potential investors at the prestigious Mar-a-Lago Club. These types of media engagements help generate valuable investor interest and media exposure.

    Read the full release here: https://www.globenewswire.com/news-release/2025/04/02/3054517/0/en/American-Rebel-CEO-Andy-Ross-to-Appear-on-South-Florida-Television-Morning-Shows-on-NBC-TV-Channel-5-West-Palm-Beach-and-39-WSFL-Home-of-the-Florida-Panthers.html

    • 3. FY2024 Revenue Disclosure – $11.4M

    In a recently filed Form 12b-25, American Rebel disclosed it expects to report $11.4 million in revenue for fiscal year 2024, to be detailed in its forthcoming Form 10-K.

    Read the full filing here: https://www.sec.gov/Archives/edgar/data/1648087/000164117225001980/formnt10-k.htm

    • 4. Release of “The American Rebel Story” Video Featuring CEO Andy Ross

    American Rebel premiered “The American Rebel Story,” a compelling video featuring CEO Andy Ross narrating the Company’s vision, values, and journey to becoming America’s next great success story.

    Read the full release here: https://www.globenewswire.com/news-release/2025/04/03/3055126/0/en/American-Rebel-Holdings-Inc-NASDAQ-AREB-Invites-Patriotic-Investors-Fans-and-Beer-Enthusiasts-to-Celebrate-Freedom-with-a-New-Video-Release-Highlighting-the-American-Rebel-Story.html

    • 5. Expansion of Successful Sponsorship with Tony Stewart Racing

    American Rebel continues to benefit from its existing sponsorship with Tony Stewart Racing (TSR) as the racing connection has opened many doors and helped establish relationships with new distributors and key accounts. The expansion of the TSR sponsorship will continue to provide immeasurable value to American Rebel as it accelerates its growth initiatives throughout 2025.

    Read the full release here: https://www.globenewswire.com/news-release/2025/03/27/3050822/0/en/American-Rebel-Expands-its-Successful-Sponsorship-for-2025-with-Tony-Stewart-Racing-TSR-in-NHRA-Mission-Foods-Drag-Racing-Series.html

    • 6. Launch of National Media Marketing Campaign – TV and Digital

    American Rebel launched a full-scale national media campaign, including a 30-second commercial airing on major television networks and a coordinated digital campaign to strengthen consumer awareness and drive sales.

    Read the full release here: https://www.globenewswire.com/news-release/2025/03/28/3051571/0/en/American-Rebel-Launches-Nationwide-Ad-Campaign-on-March-31-with-30-Second-TV-Spot-Complemented-by-Digital-Media-Across-Leading-Websites-to-Increase-Exposure-of-the-Company-and-its-.html

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. Known for its premium quality and bold patriotic spirit, American Rebel Beer exemplifies what it means to celebrate freedom in every sip. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebelbeer.com/investor-relations.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

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

    About Tony Stewart Racing (TSR) Nitro

    As tenacious as Stewart is in the cockpit of a racecar, he’s proven equally adept at providing cars and equipment for racing’s elite. The three-time NASCAR Cup Series champion can also list 31 owners’ titles to his resume, from NASCAR to USAC to the World of Outlaws Sprint Car Series. In 2023 Stewart earned his 31st owner title when Matt Hagan and the TSR Funny Car team earned the championship on November 11. His team, Tony Stewart Racing, fields a powerhouse lineup in the NHRA Mission Foods Drag Racing Series with Tony in Top Fuel and Matt Hagan in Funny Car. After more than four decades of racing around in circles, Stewart has embarked on a straight and narrow path, albeit at more than 300 mph. For more information on TSR Nitro go to tsrnitro.com.

    American Rebel Holdings, Inc.
    info@americanrebel.com

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

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, actual placement timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and our recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    info@americanrebel.com

    Investor Relations:
    ir@americanrebel.com

    Media Contact:
    Matt Sheldon
    Matt@PrecisionPR.co

    Attachment

    The MIL Network –

  • MIL-OSI Russia: The II National (All-Russian) Round Table “Science in a Foreign Language – a Step into the Future of a Professional” was held at SPbGASU

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Participants and listeners of the section “Architecture today and tomorrow: design, innovations and trends”

    On April 3, the Department of Intercultural Communication of SPbGASU held the II National (All-Russian) Round Table “Science in a Foreign Language – a Step into the Future of a Professional”.

    This year, the round table brought together students, postgraduates and graduate students from St. Petersburg, Moscow, Nizhny Novgorod, Penza, Omsk, as well as students of the preparatory department of SPbGASU and students studying in master’s and postgraduate programs from China, Morocco, Algeria, Serbia, who presented the results of their scientific research in English and Russian as a foreign language.

    The chairperson of the organizing committee, head of the department of intercultural communication Elena Selezneva addressed the participants with a welcoming speech, expressing confidence: in the modern world, knowledge of a foreign language is no longer just an advantage, but a necessity for success in any scientific field. The ability to convey your scientific ideas, regardless of language barriers, is of decisive importance.

    The Deputy Chair of the Organizing Committee, Professor of the Department of Intercultural Communication Elena Chirkova also gave a welcoming speech. Elena Ivanovna spoke about the word cloud created last year – a visual representation of key concepts and ideas that arose during the discussions.

    The round table was organized in four areas: architecture, construction, economics and intercultural communication.

    Section “Architecture today and tomorrow: design, innovation and trends”

    The section meeting discussed a wide range of issues in the modern development of architecture and the preservation of cultural heritage, including the role of lighting, innovative approaches to design, the development of the urban environment and leisure infrastructure, and technologies for the restoration of historical buildings in Russia and abroad.

    Anastasia Nasedkina (SPbGASU) presented a report on “Landscape architecture techniques for designing public spaces in northern cities.”

    “My report was dedicated to landscape architecture techniques in designing public spaces in northern cities based on the concept of a “winter city”. I chose this topic because projects often do not take into account how the object will look or be used in winter, and this can be a very long time,” shared Anastasia.

    Tatyana Lazareva (SPbGASU) presented a report entitled “15-minute city as a solution to the urban crisis.”

    “I reviewed the model of urban development aimed at creating comfortable, accessible and environmentally friendly urban spaces. I listed the key principles of this approach, successful examples of its implementation in different countries, as well as the challenges that modern megacities face,” the student said.

    Section “Construction today and tomorrow: design, innovation and trends”

    The participants of this section raised such important issues as geological surveys to ensure safety in construction, innovative technologies and building materials and their properties for the stability of structures.

    Liu Zichi (SPbGASU) spoke about approaches to the restoration of historical buildings in China and Russia. The audience also learned about the differences in the choice of building materials between the two countries, which are influenced by the natural environment, climate conditions, cultural traditions and conditions of technological development.

    Yassin Sekuri (SPbGASU) covered the topic “Application of innovative construction technologies in cramped urban environments.”

    “The use of innovative technologies in construction in urban development conditions is a necessary step for sustainable urban development. Digitalization and modular technologies improve the quality of construction, reduce timeframes and minimize the impact on the environment. Safety at construction sites is maintained through new monitoring and automation systems,” Yassin is confident.

    Section “Economy in the era of change: challenges and prospects”

    The section’s reports were devoted to the problems of logistics and digitalization, ecology and tourism, motivation and communication in the economic sphere. It is also worth noting the participants’ interest in using artificial intelligence to solve practical problems.

    Vladislav Tikkoev (SPbGASU) introduced the audience to the prospects and difficulties of the transition to electronic executive documentation in construction.

    “In my report, I drew attention to new methods of maintaining documentation during the construction of capital construction projects. Modern EDI tools now also apply to such an important aspect of the activities of construction companies as the certification of completed works. I cited the main provisions that regulate the forms and procedure for maintaining documentation, distribute areas of responsibility between construction participants, and also provided examples from domestic and foreign practice. I spoke about the problems and prospects of using digital forms of acts in the conclusion. In further research, I will assess the impact of a systematic approach to the preparation of executive documentation on the financial stability of organizations and the feasibility of capital construction projects,” said Vladislav.

    Pavel Timofeev (SPbGASU) presented a report entitled “Problems of logistics in the implementation of the Arctic development program.”

    “My report is dedicated to the main tasks set by the Strategy for the Development of the Arctic Zone of the Russian Federation and Ensuring National Security for the Period up to 2035, as well as logistical problems that may hinder the implementation of these tasks. The report reveals why the projects specified in the strategy, which are of strategic interest to our country, may be under threat, and what decisions are being made to prevent these threats or minimize their consequences,” Pavel said.

    Jamil-Nezhar Benshaban (Saint Petersburg State Forest Engineering University named after S. M. Kirov) presented a report on “The Impact of Artificial Intelligence and Gamification on the Motivation of Company Employees”.

    “What if work felt less like work and more like a game? Imagine you’re at your desk, working on a project, and suddenly bam – you’ve earned points, unlocked a new level, and your name moves up the leaderboard. Your colleague at the next desk says ‘high five’, and your boss sends you a reward. It’s not science fiction. Companies in Algeria, Russia, and elsewhere are already using AI-powered gamification to turn routine work into exciting competitions,” Jamil-Nezhar said.

    The speaker looked at the reasons why people love games; gave examples of how this method is used in some companies; called for starting small – creating a leaderboard for a weekly team competition, conducting employee surveys using AI tools, introducing a rewards system. In his opinion, we need to think globally: “The future is not about making people stay at work: we need to make them want to stay.”

    Section “Intercultural communication, language interaction and translation practice”

    Postgraduate student Li Ruimin, participant of the section “Intercultural communication, language interaction and translation practice”

    During the work of this section, reports were heard on current issues of translation of scientific and technical texts; special attention was paid to the prospects of using artificial intelligence for translation purposes. In addition, the participants conducted a comparative analysis of the organization of the educational process in Russian and Chinese universities. Everyone agreed on the importance and necessity of studying a foreign language for future professional activity.

    Martina Kojović (SPbGASU) presented a report “Serbian and Russian. Language proximity – help or obstacle in mastering the Russian language?” According to the student, the linguistic proximity of Serbian and Russian can be both an assistant and an obstacle in learning. It is important to be aware of the similarities and differences in order to effectively master the language, avoiding traps and “false friends” (words that are similar but have different meanings), grammatical errors.

    The sections were moderated by students Anna Aleshina, Daria Nikulina, Sofia Myagkaya and Fyodor Romanchuk, who successfully completed the professional training program “Translator in the Sphere of Professional Activity” last year.

    “This was my first experience moderating a round table. From it I learned the importance of flexibility and the ability to adapt to unexpected situations, which will certainly come in handy in the future. I enjoyed interacting with an active audience and, of course, I would like to develop in this direction,” Fedor shared.

    “It was interesting to try myself in a new role and learn more about modern architectural research. I gained valuable experience – I learned how to build interaction between the speaker and the audience, and also met interesting people,” said Anna Aleshina.

    A round table in a foreign language is not only a platform for discussing the results of scientific research, but also an opportunity to improve language skills, which are a significant component of professional growth.

    This year the round table program was very rich. Participants of all sections raised topical issues that are of serious scientific interest.

    The Department of Intercultural Communication of SPbGASU expresses gratitude to all participants and invites them to discuss new scientific achievements next year.

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

    MIL OSI Russia News –

  • MIL-OSI: Libraries Offering Brain Exercises Can Become Centers for Brain Health

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 07, 2025 (GLOBE NEWSWIRE) — Libraries have long been centers for knowledge and learning, but now that libraries frequently offer free access to online apps, many libraries are taking a further step to become centers for brain health. Posit Science, the developer of the BrainHQ brain training app, is helping libraries offer online brain training to patrons — without the library patron even needing to leave their home.

    “We first started working with libraries in 2015 at the invitation of one of the oldest and largest library suppliers,” noted Dr. Henry Mahncke, CEO of Posit Science, “however, they decided to exit from supplying software to libraries last year. We really value the library channel, so we have now enabled libraries to work directly with us and to integrate easily across most library management systems. We are pleased to announce this relaunch with libraries during National Library Week.”

    While there are scores of brain apps available, BrainHQ is unique because it has been shown effective in hundreds of peer-reviewed studies published in science and medical journals, across varied populations, including older adults, people with a broad range of health conditions, and people engaged in peak performance activities. Library patrons seem to really appreciate this proven brain health app, and the libraries that offer it.

    “I think all of us 80 and over are concerned about memory, because we all have times in which we forget something,” observed Judy Russell, a retired gerontological nurse practitioner, who started using BrainHQ in 2020, through her library in Jefferson County, Colorado. “BrainHQ is appropriate for people of all ages; it’s not just for the elderly. It’s a real service for all populations that libraries should be offering… I love my library.”

    Librarians also report that offering BrainHQ can make patrons love their libraries even more.

    “We wanted to prioritize brain health for adults because we didn’t really have a similar service that we were already offering,” said Courtney Cosgriff, Director of Digital Services at the Schaumberg Township District Library in Schaumberg, Illinois. “BrainHQ fills those gaps for us and our patrons love it! We love to provide digital resources that are educational, but it’s also important that we offer services that are educational and … fun!”

    BrainHQ exercises have shown benefits in more than 300 studies. Such benefits include gains in cognition (attention, speed, memory, decision-making), in quality of life (depressive symptoms, confidence and control, health-related quality of life) and in real-world activities (health outcomes, balance, driving, workplace activities). BrainHQ is used by leading health and Medicare Advantage plans, by leading medical centers, clinics, and communities, and by elite athletes, the military, and other organizations focused on peak performance. Consumers can try a BrainHQ exercise for free daily at https://www.brainhq.com.

    Libraries can get more information at https://www.brainhq.com/brainhq-for-libraries.

    The MIL Network –

  • MIL-OSI: ONCAP Announces Final Close for ONCAP V

    Source: GlobeNewswire (MIL-OSI)

    All amounts in U.S. dollars unless otherwise stated

    TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) and its mid-market private equity platform ONCAP are pleased to announce the final close for ONCAP V, with $1.3 billion in total commitments, including $250 million from Onex. ONCAP V achieved several key objectives relative to its prior fund, including growing total commitments, increasing third-party capital by more than 50%, and welcoming many new investors to the ONCAP platform.

    The ONCAP team has already completed four investments in ONCAP V, and the Fund is 40% deployed. In 2024, ONCAP returned $530 million of capital to its Limited Partners, or over 20% of ONCAP’s total net asset value, and launched its first continuation vehicle for Wyse Meter Solutions.

    “I am immensely proud of the team for achieving such a positive outcome with ONCAP V and grateful to our investors for placing their confidence in us,” said Michael Lay, Managing Partner of ONCAP. “Across our 25-year history spanning 235 platform and follow-on investments, we have developed a unique market proposition and investing framework. I am excited by ONCAP’s potential to grow in the years ahead and to continue to deliver strong risk-adjusted returns to our investors.”

    “ONCAP’s successful fundraise is a testament to the team’s formidable track record and strong prospects,” said Bobby Le Blanc, Chief Executive Officer of Onex. “Across all our platforms, our teams are delivering against our objectives, driving fundraising momentum, generating significant return of capital for our investors, and continuing to source high-quality, differentiated investment opportunities.”

    Onex has also been successful in raising capital across its other investment platforms. Within Onex Partners, the Onex Partners Opportunities Fund achieved its final close in January, raising aggregate commitments of approximately $1.2 billion for a two-year investing period, including affiliated vehicles, exceeding its initial target. Onex Credit continues to build on its momentum and has priced or closed eight CLO transactions year-to-date, including three new issues. In total, the team has raised approximately $2.4 billion of fee-generating assets under management year-to-date across its tactical allocation and structured credit strategies.

    About ONCAP

    Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 39 employees managing $3.5 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com.

    About Onex

    Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $51.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

    Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.

    Forward-Looking Statements

    This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

    Non-GAAP Financial Measures

    This press release contains non-GAAP financial measures which have been calculated using methodologies that are not in accordance with IFRS Accounting Standards. The presentation of financial measures in this manner does not have a standardized meaning prescribed under IFRS Accounting Standards and is therefore unlikely to be comparable to similar financial measures presented by other companies. Onex management believes these financial measures provide useful information to investors. Reconciliations of the non-GAAP financial measures to information contained in the consolidated financial statements have been presented where practical.

    For Further Information:

    Jill Homenuk
    Managing Director – Shareholder
    Relations and Communications
    Tel: +1 416.362.7711    		 Zev Korman
    Vice President, Shareholder
    Relations and Communications
    Tel: +1 416.362.7711

    The MIL Network –

  • MIL-OSI: CareCloud to Present at the LD Micro Invitational XV

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., April 07, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO), a leading provider of practice management, healthcare technology and AI-driven solutions to medical practices across the country, is pleased to announce its participation in the 15th Annual LD Micro Invitational at the Westin Grand Central Hotel in New York on April 9-10, 2025. The Company is scheduled to present on April 10, 2025 at 3:30 p.m. ET.

    CareCloud’s management team will deliver a corporate presentation highlighting the Company’s recent developments, innovative solutions, and strategic growth initiatives. Additionally, the team will participate in one-on-one meetings with institutional and individual investors to explore opportunities and discuss CareCloud’s roadmap for continued growth and value creation.

    “We are excited to highlight CareCloud’s recent milestones, including two recent acquisitions, the conversion of our Series A preferred stock, and our significant profitability growth throughout 2024,” said Stephen Snyder, Co-CEO of CareCloud.

    About LD Micro 

    LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Through the LD Micro Index and annual investor conferences, LD has served as an invaluable asset to all those interested in discovering the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com.

    About CareCloud 

    CareCloud brings disciplined innovation and generative AI to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at www.carecloud.com. 

    Follow CareCloud on LinkedIn, X and Facebook.

    Disclaimer 

    This press release is for information purposes only, and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction. 

    Forward-Looking Statements 

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology. 

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct.

    Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions. 

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission. 

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. 

    SOURCE CareCloud 

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com

    The MIL Network –

  • MIL-OSI: Diamond Equity Research Initiates Coverage on Almonty Industries, Inc. (TSX: AII) (ASX: AII) (FWB: ALI) (OTCQX: ALMTF)

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, April 07, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has initiated coverage of Almonty Industries, Inc. (TSX: AII) (ASX: AII) (FWB: ALI) (OTCQX: ALMTF). The in-depth 49-page initiation report includes detailed information on the Almonty Industries’ business model, services, industry overview, financials, valuation, management profile, and risks. 

    The full research report is available below.

    Almonty Industries Inc. Initiation of Coverage

    Highlights from the report include:

    • Sangdong Mine Potentially Set to Become the World’s Largest Non-Chinese Tungsten Source: Almonty’s flagship Sangdong Mine in South Korea is poised to transform the global tungsten landscape, with projected output exceeding 40% of non-China supply and 5% of global supply by 2027. In our view, Sangdong is not just Almonty’s crown jewel, but also a cornerstone asset for rebuilding Western tungsten supply chains, given its expected 90+ year mine life and strong by-product upside potential from molybdenum.
    • High-Grade Molybdenum Asset Adds Material Upside from Late 2026: Located just below Sangdong’s skarn horizons, the AKM Molybdenum Project adds meaningful diversification. The project has a maiden inferred resource of 21.5 Mt @ 0.26% MoS₂ and is fully permitted within the existing Sangdong mining lease. A $19/lb floor-price offtake agreement with SeAH M&S de-risks the development and ensures predictable cash flows. Production is targeted for late 2026/early 2027, with an anticipated 60-year mine life based on historical government data.
    • Strong and Visible Cash Flow Backed by Long-Term Contracts: Almonty has secured a 15-year offtake agreement with a floor price of US$235 per MTU, equating to approximately US$580 million in guaranteed revenue over the contract life. This agreement, with no price cap, provides exceptional cash flow visibility and allows Almonty to benefit fully from market upside. The contract emphasizes the credibility of Sangdong as a reliable source of high-grade tungsten and reflects deep buyer confidence in Almonty’s long-term delivery capabilities and quality of asset.
    • Resilient Tungsten and Molybdenum Outlook Driven by Structural Supply Shortages and Rising Strategic Demand: Tungsten and molybdenum markets are experiencing sustained upward pricing pressure due to structural supply constraints, geopolitical export restrictions, and robust industrial demand. Tungsten prices have rebounded strongly, with APT reaching near-decade highs. Similarly, molybdenum prices surged to historical peaks ($40/lb in early 2023) due to critically low global inventories and supply disruptions. Given limited substitution possibilities, rising applications in defense, aerospace, infrastructure, and clean energy technologies, we believe these market dynamics could support elevated tungsten and molybdenum prices, benefiting producers like Almonty.
    • Critical Material Status, Export Bans, and NATO Mandates Drive Demand Shift: Tungsten has been designated a critical raw material by the U.S., EU, Australia, Canada, and South Korea due to its high economic importance and supply risk. The U.S. Department of Defense will ban Chinese, Russian, North Korean, and Iranian tungsten for military procurement starting in 2027, while the EU has extended anti-dumping tariffs on Chinese tungsten carbide. Almonty’s Portuguese material is already commanding premiums of over 15% as Western buyers prioritize ESG-aligned sources. China’s own export controls on tungsten and molybdenum, effective February 2025, further restrict global access. In our view, these developments create a powerful structural tailwind for Western-aligned producers like Almonty.
    • Proven Operational Track Record and Industry Trust Anchor the Business Model: Almonty has a 128-year history in tungsten mining and previously sold operations for 21x earnings during the 2007 supply squeeze. Its Panasqueira Mine in Portugal has been producing for over a century, while the Los Santos Mine is scheduled to restart in 2026. Management has consistently met all development milestones, raised AUD 18.45 million in 2024, and continues to co-invest alongside shareholders. We view this track record as a major differentiator, supporting the company’s ability to win contracts, secure financing, and execute on scale.
    • Valuation: Almonty Inc. presents a unique investment opportunity, offering exposure to a portfolio of high-grade tungsten and molybdenum assets with clear near-term production visibility. Key upcoming milestones, including the commencement of production at the Sangdong tungsten and molybdenum projects, downstream processing initiatives, and the Panasqueira expansion opportunity, are expected to potentially drive meaningful growth in revenues and profitability. Furthermore, the company operates in a low-risk, transparent jurisdiction and has secured long-term offtake agreements with global partners, providing additional stability and cash flow visibility. We have applied a Net Present Value (NPV) valuation using a Discounted Cash Flow (DCF) approach, incorporating expected production volumes, life-of-mine estimates, throughput capacities, ore grades, recovery rates, and commodity price forecasts. Using an 8% discount rate, we arrive at a valuation of C$4.00 per share, contingent on successful execution by the company.

    About Almonty Industries, Inc.  

    Almonty Industries Inc. is a global leader in tungsten mining, with strategically positioned assets in geopolitically stable regions including South Korea, Portugal, and Spain. The company is set to become the largest tungsten producer outside China upon the commissioning of its flagship Sangdong Mine. 

    About Diamond Equity Research

    Diamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.

    For more information, visit https://www.diamondequityresearch.com.

    Disclosures:

    Diamond Equity Research LLC is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 04/07/25 the issuer had paid us $50,000 for our company sponsored research services, which commenced 03/07/2025 and is billed annually. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. The issuer has not paid us for non-research related services as of 04/07/2025. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities, including the complete loss of their investment. This report does not explicitly or implicitly affirm that the information contained within this document is accurate and/or comprehensive, and as such should not be relied on in such a capacity. All information contained within this report is subject to change without any formal or other notice provided. Investors can find various risk factors in the initiation report and in the respective financial filings for Almonty Industries, Inc. Please review initiation report attached for full disclosure page.  

    Contact:
    Diamond Equity Research
    research@diamondequityresearch.com

    Attachment

    The MIL Network –

  • MIL-OSI: reAlpha Tech Corp. Announces Exercise of Warrants for $3.1 Million Gross Proceeds

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, April 07, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 4,218,751 shares of common stock of the Company originally issued in November 2023, having an exercise price of $1.44 per share, at a reduced exercise price of $0.75 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-3 (No. 333-284234). The gross proceeds to the Company from the exercise of the warrants are expected to be approximately $3.1 million, prior to deducting placement agent fees and estimated offering expenses.

    H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

    In consideration for the immediate exercise of the warrants for cash, the Company will issue new unregistered warrants to purchase up to 8,437,502 shares of common stock. The new warrants will have an exercise price of $0.75 per share, will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the new warrants and will expire on November 24, 2028.

    The offering is expected to close on or about April 8, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for general working capital purposes.

    The new warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”) and, along with the shares of common stock issuable upon their exercise, have not been registered under the 1933 Act, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (“SEC”) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of common stock issuable upon exercise of the new warrants.

    In connection with the offering, the Company is reducing the exercise price for all outstanding November 2023 warrants to purchase 8,333,333 shares of common stock, including the November 2023 warrants to purchase up to 4,218,751 shares of common stock referred to above, such that all outstanding November 2023 warrants have a reduced exercise price of $0.75 per share.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements as to the completion of the offering, the satisfaction of customary closing conditions related to the offering, the receipt of stockholder approval and the intended use of net proceeds from the offering, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; reAlpha’s ability to commercialize its developing AI-based technologies; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for short-term rentals and AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact:

    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    Media Contact:

    Fatema Bhabrawala, Director of Public Relations
    fbhabrawala@allianceadvisors.com

    The MIL Network –

  • MIL-OSI Economics: Samsung Introduces Real-Time Visual AI on Galaxy S25 Series With Gemini Live Update

    Source: Samsung

    Samsung Electronics Co., Ltd. today announced the rollout of a new AI experience with Gemini Live, bringing real-time visual conversations with AI to Galaxy users. The feature will begin rolling out on April 7, starting with the Galaxy S25 series available for any users free of charge.1
    Through AI-powered assistance, Galaxy users can more naturally engage in conversational interactions that make everyday tasks easier. Just press and hold the side button to show Gemini Live what you see while simultaneously interacting with it in a live conversation.
    Imagine picking out an outfit or reorganizing a closet. Gemini Live can now make those everyday decisions easier. By simply pointing the camera, users can get suggestions on how to categorize items and optimize space, or share their screen while browsing online retailers to receive personalized style advice. With the ability to see what the user sees and respond in real time, Galaxy S25 series feels like a trusted friend who’s always ready to help.

    “Together with Google, we are marking a bold step toward the future of mobile AI, delivering smarter interactions that are deeply in sync with how we live, work and communicate,” said Jay Kim, Executive Vice President and Head of Customer Experience Office, Mobile eXperience Business at Samsung Electronics. “With this new visual capability, Galaxy S25 series brings next-generation AI experiences to life, setting new standards for how users engage with the world through their devices.”
    Starting April 7, Gemini Live with camera and screen sharing capabilities will start rolling out to all Galaxy S25 series users at no additional cost. For more information about Galaxy S25 series, please visit: Samsung Newsroom, Samsungmobilepress.com and Samsung.com.
    1 Gemini Live requires a Google Account.

    MIL OSI Economics –

  • MIL-OSI Russia: Polytechnic University became the winner of the RSF competitions

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The Russian Science Foundation has summed up the results of the 2025 competition “Conducting Fundamental Scientific Research and Exploratory Scientific Research by Individual Scientific Groups”. The Polytechnic University submitted 43 applications, of which four projects were supported by grants.

    A total of 4,491 applications were submitted to the competition. The Expert Council supported 534 projects with grants.

    The following projects of the Polytechnic University received grants:

    “Machine Learning Models for Assessing the Effect of Treatment with Heterogeneous Diagnostic Information with Expert Rules”, supervised by Professor Lev Utkin, IKNC; “Identification of Neuron Models and Reconstruction of Their Parameters from Experimental Signals”, supervised by Professor Ilya Sysoev, IFiM; “Strategic Management of Intellectual Maturity of Industrial Ecosystems in the Context of the Data Economy: Methodology, Framework, Tools”, supervised by Professor Vladimir Glukhov, IPMEiT; “Multilevel Microstructural Models of Inelastic Deformation and Fracture of Mono- and Polycrystalline Heat-Resistant Alloys under Complex Thermomechanical Loading”, supervised by Associate Professor Artem Semenov, PhysMech.

    The results of the 2025 competition “Conducting Fundamental Scientific Research and Exploratory Scientific Research by Individual Research Groups” for extending the deadlines for projects supported by RSF grants in 2022 were also announced. A total of 554 applications were received, of which experts supported 280 projects. The Polytechnic University submitted three applications. The project “Research and Development of Complex Optimization Methods for Assembly of Aircraft Structures” under the supervision of Associate Professor Sergei Lupulyak was among the winners.

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

    MIL OSI Russia News –

  • MIL-OSI: Top 10 New Tokens on MEXC Average 4,770% Growth in March

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 07, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released the latest information on the performance of trading operations on the platform, highlighting new milestones and delivering invaluable insights into overall market trends. The dynamics of the BSC ecosystem and specific actions taken by MEXC have allowed average prices on top tokens to excel by thousands of percent, and user numbers to swell, underscoring the importance of new instruments and sectors on general market traction.

    Key Takeaways:

    • MEXC listed 129 new tokens in March, 42 of them hosted by the BSC ecosystem;
    • Average price of the top 5 trending tokens on BSC overstepped by 3,760%;
    • Top 10 new tokens achieved an average pricing of 4,770% in March, up fourfold from January and February;
    • MEXC introduced the 0% trading fees for SOL, HYPE, AAVE, and AIXBT, boosting user numbers by 17.8% month-over-month, and trading volume by 170%.
    • Among the top 10 new tokens in March, meme tokens made up half of March’s top 10 spots defying the recent downturn in the sector.

    MEXC started March with news of listing 129 new tokens, 42 of which were hosted on the BSC ecosystem. The given number accounts for 32.6% of overall trading, highlighting the importance of the BSC for MEXC and the degree of the exchange’s penetration and integration with the ecosystem. Total spot trading for new tokens accounted for 50.8%, rising by 30.1% month-over-month. Overall trading volume spiked by 56.6%, up by 63.5% compared to February. These dynamics indicate that users are resorting to MEXC as a preferred venue for trading BSC-hosted tokens.

    The BSC ecosystem took a leading role in the surge, with top 5 trending tokens reaching an average price increase of 3,760%. The uptrend was driven by MUBARAK, BUBB, and TUT, with 10,900%, 4,168%, and 2,000%, respectively. At the same time, the top 10 new tokens showcased an average price increase of 4,770%, up from 1,174% for the same token category in January and February. MEME tokens took up half of the leaders’ pedestal, with assets from the Infra, AI, and DePIN sectors taking up the remaining spots.

    MEXC confirmed its position as a leader across multiple sectors of crypto asset trading, further solidifying its commitment to trading excellence by introducing the 0% Trading Fees Campaign. The action encompassed such pairs as SOL/USDT, HYPE/USDT, AAVE/USDT, and AIXBT/USDT. The campaign has already proven its effectiveness, with the number of traders of zero-fee pairs growing by 17.8% month-over-month, contributing to an overall 170.2% increase in trading volume. SOL/USDT trading pair led with an 186% increase in daily average trading volume and a 209% rise in market share (from 9.8% to 30.3%). RAY/USDT followed with a 27.8% share, while HBAR/USDT and HYPE/USDT rose by 115% and 165%, reaching 18.8% and 13.3% market share, respectively.

    The general downturn in the crypto market throughout March of 2025 did not hinder MEXC from continuing to solidify its position as a leader in terms of trading volume growth. The exchange is taking a significant role in the ongoing expansion of the BSC ecosystem, which contributes new tokens to traders. MEXC is committed to remaining a market leader and delivering world-class service to traders at low trading costs with a broad array of innovations and lucrative trading opportunities.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Disclaimer: This press release is provided by MEXC. 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/6ed0e8d8-7261-4bb6-b5cf-240c564d5ba5

    The MIL Network –

  • MIL-OSI: iBio Announces IBIO-600 Non-Human Primate Data Showing Extended Half-Life and Muscle Growth, and Interim In Vivo Results for First-in-Class Activin E Antibody, Advancing Cardiometabolic and Obesity Pipeline

    Source: GlobeNewswire (MIL-OSI)

    Non-human primate pharmacokinetics data suggests IBIO-600, a potentially best-in-class long-acting anti-myostatin antibody, could have a human half-life as long as 130 days

    Additional interim in vivo data for a first-in-class Activin E antibody shows muscle sparing weight loss alone and in combination with a GLP-1 receptor agonist

    iBio remains on track to submit a regulatory submission for IBIO-600 in Q1 2026

    SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) — iBio, Inc. (Nasdaq: IBIO), an AI-driven innovator of precision antibody therapies, today announced data from a non-GLP non-human primate (NHP) pharmacokinetics (PK) study suggesting IBIO-600, the company’s novel lead asset and a potentially best-in-class long-acting anti-myostatin antibody designed for subcutaneous administration, could provide a significantly extended half-life in humans and a weight loss treatment option while preserving and promoting muscle growth.

    The results were observed in a recently completed exploratory study in obese and elderly NHPs designed to analyze the potential of IBIO-600 in NHPs in order to closely mimic the human obese patient population by determining the antibody’s half-life in serum and evaluating changes in lean and fat mass. The study consisted of two dose levels, a low dose of 5 mg/kg and a high dose of 50 mg/kg, with a single administration in each case. In addition to monitoring PK in serum, the study analyzed body composition changes over time by employing DEXA scans, measuring lean and fat mass.

    Despite the study not being powered to demonstrate statistical significance, and only having a single administration of the antibody, the results indicate IBIO-600 promoted a dose-dependent increase in lean mass and a reduction in fat mass from baseline values. The effect peaked after 8 weeks, when the NHPs receiving the low-dose had a 3.1% (163g) increase in lean mass and a 5.1% (270g) increase in the NHPs receiving the high-dose.

    Standard PK calculations indicated the half-life of IBIO-600 in NHPs was 40 to 52 days. By using multiple allometric scaling approaches1,2, the half-life in humans of IBIO-600 has an estimated range of 57-130 days. This extended half-life could potentially enable a once every 3 to 6-month dosing schedule and positions IBIO-600 as a best-in-class therapeutic for muscle preservation and high-quality weight loss.

    “The promising data suggest IBIO-600 could possibly exhibit the longest half-life among any other anti-myostatin candidates — potentially leading to best-in-class muscle preservation and growth with a significantly reduced dosing burden for patients with a few doses a year,” said Martin Brenner, Ph.D., DVM, iBio’s CEO and Chief Scientific Officer. “IBIO-600’s extended half-life and muscle-building potential make it a transformative candidate for high-quality weight loss, further strengthening our expanding cardiometabolic and obesity pipeline. It is truly remarkable we’ve been able to advance this potentially best-in-class long-acting anti-myostatin antibody to clinical candidate selection in under a year and remain fully on track for a regulatory submission in Q1 2026. This incredibly rapid progress highlights our commitment to accelerating innovation and redefining obesity treatment with cutting-edge therapeutics.”

    iBio is also pleased to announce preclinical data for a first-in-class Activin E antibody disclosed in January, highlighting its potential as a novel treatment for obesity. The antibody effectively blocks Activin E signaling in human adipocytes and is currently being evaluated in an exploratory study with obese mice, both as a monotherapy with bi-weekly dosing and in combination with semaglutide dosed daily. After only two weeks of dosing, monotherapy resulted in fat-selective weight loss of approximately 4%, with a significant 18% reduction in total body fat compared to placebo. Notably, when combined with semaglutide, the Activin E antibody demonstrated a strong synergistic effect, enhancing total weight loss by an additional 9% beyond GLP-1 therapy alone, leading to an overall weight reduction of 34%. This combination also resulted in a remarkable 72% reduction in body fat over the treatment period, as measured by DEXA scans. These compelling findings underscore the potential of Activin E inhibition as a transformative approach to obesity treatment, supporting further development and clinical advancement.

    1 Genki Nakamura, Kazuhisa Ozeki, Miho Nagayasu, Takeru Nambu, Takayuki Nemoto, Ken-ichi Hosoya, Predicting Method for the Human Plasma Concentration–Time Profile of a Monoclonal Antibody from the Half-life of Non-human Primates, Biological and Pharmaceutical Bulletin, 2020, Volume 43, Issue 5, Pages 823-830, Released on J-STAGE May 01, 2020, Online ISSN 1347-5215, Print ISSN 0918-6158, https://doi.org/10.1248/bpb.b19-01042, https://www.jstage.jst.go.jp/article/bpb/43/5/43_b19-01042/_article/-char/en

    2Haraya K, Tachibana T. Translational Approach for Predicting Human Pharmacokinetics of Engineered Therapeutic Monoclonal Antibodies with Increased FcRn-Binding Mutations. BioDrugs. 2023 Jan;37(1):99-108. doi: 10.1007/s40259-022-00566-2. Epub 2022 Nov 30. PMID: 36449140; PMCID: PMC9709760.

    About iBio, Inc.

    iBio (Nasdaq: IBIO) is a cutting-edge biotech company leveraging AI and advanced computational biology to develop next-generation biopharmaceuticals for cardiometabolic diseases, obesity, cancer and other hard-to-treat diseases. By combining proprietary 3D modeling with innovative drug discovery platforms, iBio is creating a pipeline of breakthrough antibody treatments to address significant unmet medical needs. Our mission is to transform drug discovery, accelerate development timelines, and unlock new possibilities in precision medicine.  For more information, visit www.ibioinc.com or follow us on LinkedIn.

    FORWARD-LOOKING STATEMENTS

    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding non-human primate pharmacokinetics data suggesting IBIO-600, a potentially best-in-class long-acting anti-myostatin antibody, could have a human half-life as long as 130 days; remaining on track to submit a regulatory submission for IBIO-600 in Q1 2026; IBIO-600 providing a significantly extended half-life in humans and a weight loss treatment option while preserving and promoting muscle growth; the extended half-life potentially enabling a once every 3 to 6-month dosing schedule and positioning IBIO-600 as a best-in-class therapeutic for muscle preservation and high-quality weight loss; IBIO-600 possibly exhibiting the longest half-life among any other anti-myostatin candidates — potentially leading to best-in-class muscle preservation and growth with a significantly reduced dosing burden for patients with a few doses a year; IBIO-600’s extended half-life and muscle-building potential making it a transformative candidate for high-quality weight loss, further strengthening our expanding cardiometabolic and obesity pipeline; and the potential of Activin E inhibition as a transformative approach to obesity treatment, supporting further development and clinical advancement. While iBio believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of IBIO-600 to have a half-life as long as 130 days; the ability of iBio’s innovative pipeline of therapeutics in cardiometabolic disease and obesity to promote healthy weight loss and muscle-building; and iBio’s ability to create a pipeline of breakthrough antibody treatments to address significant unmet medical needs; iBio’s ability to obtain regulatory approvals for commercialization of its product candidates, or to comply with ongoing regulatory requirements; regulatory limitations relating to iBio’s ability to promote or commercialize its product candidates for specific indications; acceptance of iBio’s product candidates in the marketplace and the successful development, marketing or sale of products; and whether iBio will incur unforeseen expenses or liabilities or other market factors; and the other factors discussed in iBio’s filings with the SEC including its Annual Report on Form 10-K for the year ended June 30, 2024 and its subsequent filings with the SEC on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and iBio undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Corporate Contact:

    iBio, Inc.
    Investor Relations
    ir@ibioinc.com

    Media Contacts:

    Ignacio Guerrero-Ros, Ph.D., or David Schull
    Russo Partners, LLC
    Ignacio.guerrero-ros@russopartnersllc.com
    David.schull@russopartnersllc.com
    (858) 717-2310 or (646) 942-5604

    The MIL Network –

  • MIL-OSI: FM Capital Announces $240 Million Fund Close – Largest to Date

    Source: GlobeNewswire (MIL-OSI)

    BOULDER, Colo., April 07, 2025 (GLOBE NEWSWIRE) — FM Capital, a venture capital firm focused on early-to-mid stage technology companies transforming the automotive and transportation industries has closed its Fund IV having raised $240 million. The oversubscribed round included a mix of new and existing investors from across the automotive ecosystem, including dealers, distributors, OEMs, suppliers, insurers and other industry-related entities.

    “We’re elated that the fund was oversubscribed by 20 percent, with the capital coming from the best and brightest in the automotive industry,” said Chase Fraser, Managing Partner at FM Capital. “These investors aren’t just backing a fund — they’re leaning into what’s next. For the entrepreneurs we support, this network isn’t just capital — it’s a strategic edge.” 

    FM Capital’s investment focus is primarily on early to mid-stage companies across a range of transportation technologies, including: AI and SaaS supporting dealership operations, aftermarket services and remarketing; autonomy and robotics, connectivity and fleet management, and new energy transition. The firm identifies trends and partners with teams who are both reinventing the movement of people and goods as well as redefining how transportation services are delivered and consumed.

    FM Capital’s investment focus will remain on companies that have generated excitement and loyalty among end-users, achieved revenue traction, and are interested in scaling rapidly by leveraging the firm’s experience, track record and network.

    “With the expanded size of the fund, we’re positioned to back more than 20 transformative companies with initial investments ranging from $5–15 million,” said Mark Norman, Managing Partner at FM Capital. “From Series A to growth, we’re fueling the next wave of innovation in transportation.”

    About FM Capital
    FM Capital is a venture firm focused on transforming transportation. We partner with entrepreneurs to advance cleaner, safer, and more efficient movement of people and goods — while also reimagining the customer and dealer experience in vehicle sales and service. Our proprietary sourcing process delivers high-quality deal flow while our hands-on engagement with management teams helps drive long-term portfolio performance. FM Capital is led by industry veterans with deep operational and investment expertise across the automotive and mobility landscape. More information is available at www.fmcap.com.

    The MIL Network –

  • MIL-OSI: Wesdome Gold Mines to Acquire Angus Gold; Quadruples the Eagle River Land Package

    Source: GlobeNewswire (MIL-OSI)

    All amounts are expressed in Canadian dollars unless otherwise indicated

    TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus”) are pleased to jointly announce that they have entered into a definitive arrangement agreement (the “Agreement”) whereby Wesdome will acquire all of the issued and outstanding common shares of Angus pursuant to a plan of arrangement (the “Arrangement”).

    Under the terms of the Agreement, each of the issued and outstanding common shares of Angus that Wesdome does not currently own will be exchanged for $0.62 cash plus 0.0096 of a Wesdome share (the “Offer”), representing an aggregate value of $0.77 per Angus common share, based on the closing price of Wesdome’s common shares on the Toronto Stock Exchange on April 4, 2025, the last trading day prior to announcement of the Offer. The Offer represents a premium of 59% to Angus’ 20-day volume-weighted average price ending April 4, 2025. Wesdome currently owns 6.3 million common shares of Angus and 3.15 million common share purchase warrants, or approximately 10.4% of Angus’ basic common shares outstanding and 14.9% on a partially diluted basis. The enterprise value to Wesdome, net of Angus’s cash, is approximately $40 million.

    Strategic Rationale for Wesdome

    • Transforms Eagle River into a district-scale opportunity (Figure 1)
      Quadruples Wesdome’s land position at Eagle River, consolidating two adjacent properties into one ~400 km2 contiguous strategic land package situated on a highly prospective greenstone belt. The expanded footprint hosts multiple targets and mineralization styles.
    • Bolsters Eagle River’s greenfield exploration pipeline
      Consolidates district-scale exploration potential across at least three mineralized trends, including the Eagle River Splay and Cameron Lake banded iron formation (“BIF”). Recent intercepts — 48.7 g/t Au over 1.5m at the Splay and 47.4m at 1.1 g/t Au (incl. 11.7m at 2.2 g/t) at BIF — underscore the potential for discovering new mineralized zones and resource delineation.
    • Underscores long-term commitment to Eagle River
      Opportunity to leverage Wesdome’s existing balance sheet, infrastructure and relationships with stakeholder and Indigenous groups to accelerate exploration and development, while continuing to focus on the Company’s asset base located in Ontario and Québec – two of the world’s premier mining jurisdictions.

    Strategic Rationale for Angus Shareholders

    • Attractive premium
      The Offer represents a significant premium and is a validation of the efforts of the Angus team over the past 5 years. In addition, the cash component represents 80% of the Offer price and reflects a strong immediate return for Angus shareholders.
    • Exposure to a growing value-driven Canadian gold producer
      Wesdome’s portfolio of high-quality producing gold assets in Ontario and Québec further reinforces the strategic rationale of this transaction. Shareholders will receive a portion of the consideration in common shares of Wesdome, a proven Canadian gold producer with a track record of value creation.

    Anthea Bath, President and CEO of Wesdome, commented, “This is a highly logical and strategic tuck-in transaction that brings together a contiguous land package between the Eagle River mine and mill, enhancing our ability to unlock value through the drill bit. It reinforces our belief in the geological potential of the Mishibishu Lake greenstone belt, aligns with our focus on regional consolidation, and positions us to deliver sustainable, long-term growth supported by our strong balance sheet and existing infrastructure.

    “Since 2020, Angus has invested over $20 million into exploration across the Golden Sky project, generating a pipeline of targets and confirming the geological continuity with Eagle River. Wesdome intends to continue this momentum, focusing on high-priority zones such as the Cameron Lake BIF and Eagle River Splay in 2025. Wesdome remains deeply confident in the prospectivity of the Eagle River camp and the broader potential of our ongoing fill-the-mill strategy. This transaction represents a strategic investment in that vision and underscores our long-term commitment to unlocking value at Eagle River.

    “Breanne and her team have done excellent work over the last several years, which has resulted in multiple discoveries and laid the groundwork for further exploration. We believe that now is the right time for Wesdome to assume ownership and build upon the work done by the Angus team. With Wesdome’s balance sheet and free cash flow profile, we can add significant value to the property and eventually bring economic deposits into production quickly given the proximity to our existing infrastructure.”

    Breanne Beh, President and CEO of Angus, commented, “On behalf of the Board of Directors of Angus Gold, we are excited to have reached an agreement with Wesdome. This transaction is a testament to the dedication and diligent work of the Angus team, particularly our exploration team, and we sincerely thank everyone for their excellent work. Since 2020, through a series of property acquisitions, we consolidated a district-scale land package, completed over 40,000 metres of drilling, and made significant gold discoveries. These accomplishments would not have been possible without the support of our committed stakeholders. We believe this transaction delivers immediate value to our shareholders and provides the opportunity to benefit from a well-established and well-financed gold producer.”

    Summary of the Arrangement

    The Arrangement will be implemented by way of a court-approved plan of arrangement pursuant to the Business Corporations Act (Ontario) and will require the approval of the Ontario Superior Court of Justice (Commercial List) and the approval of at least two-thirds of the votes cast by Angus shareholders as well as the approval of a simple majority of disinterested shareholders at a special meeting of Angus shareholders, which is expected to be held in June 2025.

    In addition to the aforementioned approvals, completion of the Arrangement is subject to other customary conditions and stock exchange approvals. The Arrangement is expected to close in the second quarter of 2025.

    The directors, senior officers and advisors of Angus, holding in aggregate 28% of the issued and outstanding common shares of Angus, have entered into voting support agreements with Wesdome, pursuant to which they have agreed to vote their shares in favour of the transaction, where permitted by applicable regulations.

    New Gold Inc. has agreed to a lock-up agreement with Wesdome to tender its 4.85 million shares, or 8% of the outstanding common shares on a basic basis. Together with common shares already owned or held by Wesdome, the Company has now entered into lock-up agreements with Angus shareholders owning an aggregate 47% of the outstanding common shares of Angus on a basic basis, including each of the directors and officers of Angus.

    The Agreement provides for customary deal protection provisions, including non-solicitation covenants on the part of Angus and a right in favour of Wesdome to match any unsolicited superior proposal. In the event that the Agreement is terminated in certain circumstances, Angus has agreed to pay Wesdome a termination fee of $2.3 million.

    Board Approval and Recommendation

    The special committee of independent directors of Angus (the “Angus Special Committee”) has received an opinion from Evans & Evans, Inc. that, based upon and subject to the limitations, assumptions and qualifications of and other matters considered in connection with the preparation of such opinion, the Offer is fair, from a financial point of view, to the Angus shareholders (other than Wesdome) (the “Fairness Opinion”).

    Following its review and in consideration of, amongst other things, the Fairness Opinion, the Special Committee has unanimously recommended that the board of directors of Angus approve the Arrangement. The Angus board, following the receipt and review of recommendations from the Special Committee, and after receiving legal and financial advice, has unanimously approved the Agreement and the Arrangement and has determined that the Arrangement is fair to shareholders of Angus (other than Wesdome) and is in the best interests of Angus, and unanimously recommends to shareholders that they vote in favour of the Arrangement.

    The Agreement has also been unanimously approved by the board of directors of Wesdome.

    Warrants and Options

    Pursuant to the Arrangement, each Angus stock option (each, a “Stock Option”) outstanding immediately prior to the effective time of the Arrangement (the “Effective Time”) shall automatically vest and be immediately cancelled in exchange for a cash payment equal to the excess, if any, of: (i) the product of the number of Angus common shares underlying such Angus Options and $0.77; over (ii) the applicable aggregate exercise price of such Angus Options. All outstanding restricted share units outstanding immediately prior to the Effective Time shall automatically vest and be immediately cancelled in exchange for a cash payment equal to $0.77. All Angus warrants outstanding immediately prior to the Effective Time will be immediately cancelled in exchange for a cash payment equal to the in-the-money value of such warrant.

    Advisors and Counsel

    Wesdome has engaged Stikeman Elliott LLP as its legal advisor in connection with the transaction.

    Peterson McVicar LLP is acting as legal advisor to Angus and Mason Law LLP is acting as legal advisor to the Special Committee in connection with the transaction. Evans & Evans, Inc. has been retained to deliver a fairness opinion to the Angus Special Committee.

    About Wesdome Gold Mines

    Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.

    About Angus Gold

    Angus is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company’s flagship project, which is the Golden Sky Project near Wawa, Ontario, is situated immediately adjacent to Wesdome’s Eagle River mine.

    Contacts for Wesdome  
       
    Raj Gill  Trish Moran
    SVP, Corporate Development & Investor Relations VP, Investor Relations
    Phone: +1.416.360.3743 Phone: +1.416.564.4290
    E-Mail: invest@wesdome.com E-mail: trish.moran@wesdome.com
       
    Contacts for Angus  
       
    Breanne Beh Lindsay Dunlop
    President and CEO VP, Investor Relations
    Phone: +1.807.356.6330 Phone: +1.647.259.1790
    Email: bbeh@angusgold.com Email: info@angusgold.com


    Forward-Looking Statements

    This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial and operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

    Forward-looking statements or information contained in this press release include, but are not limited to, statements or information with respect to: (i) expectations regarding whether the proposed Arrangement will be consummated, including whether conditions to the consummation of the Arrangement will be satisfied, or the timing for completing the Transaction, (ii) expectations for the effects of the Arrangement or the ability of the combined company to successfully achieve business objectives, including integrating the companies or the effects of unexpected costs, liabilities or delays, (iii) the potential benefits and synergies of the Arrangement, and (iv) expectations for other economic, business, and/or competitive factors.

    Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in the Company’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the Company’s website.

    Figure 1 – Wesdome and Angus Property Map

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f6dab7f8-132c-4c17-b3c1-507968504e44

    The MIL Network –

  • MIL-OSI Economics: Thales signs a contract to deliver the Ground Master 200 MM/C Multi Mission Compact radar to Sweden

    Source: Thales Group

    Headline: Thales signs a contract to deliver the Ground Master 200 MM/C Multi Mission Compact radar to Sweden

    • The Swedish Defence Materiel Administration (Försvarets materielverk – FMV) has chosen the Thales Ground Master 200 Multi-Mission Compact radar to strengthen Swedish sovereign airspace capabilities.
    • The first deliveries are scheduled for 2026, demonstrating Thales‘s ability to deliver quickly to meet its customers’ needs.
    • Sweden is the fifth NATO country to select this highly mobile multi-mission medium range radar.
    © FMV

    Stockholm/Paris 3 April 2025 – The Swedish Defence Materiel Administration (FMV) signed an agreement with Thales for the delivery of the Thales Ground Master 200 Multi-Mission Compact radar (GM200 MM/C). Building on strong international NATO cooperation, the agreement will contribute to maintaining Swedish airspace sovereignty.

    Thanks to Thales’s strong industrial ramp-up programme and ability to produce in short lead times, the first deliveries are scheduled for 2026.

    The GM200 MM/C medium range radar will contribute to strengthening the recognised air picture for the Swedish Armed Forces. The radar delivers more time-on-target across a wide spectrum of threats thanks to the latest generation in 4D AESA technology*.

    The compact design of the system also provides increased mission flexibility due to its mobility and short deployment times.

    “We are very proud to be selected by FMV to further strengthen Swedish sovereign and defence capabilities in an increasingly challenging environment. The Thales GM200 MM/C, with its high-end technology, will play a vital role contributing to the overall national security”, says Håkan Ahlström, Country Director Sweden, Thales.

    *AESA: Active Electronically Scanned Array (a unique dual axis multi-beam providing unrestricted beam steering flexibility in elevation and bearing)

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

  • MIL-OSI Economics: Verizon Business debuts industry-defining broadcast private 5G and AI solution at NAB 2025

    Source: Verizon

    Headline: Verizon Business debuts industry-defining broadcast private 5G and AI solution at NAB 2025

    What you need to know:

    • Verizon Business is helping broadcasters solve many of their challenges and will showcase a first-of-its-kind mobile Private 5G Network framework featuring a portable, environmentally controlled setup built on NVIDIA and brought to life with key partners including FanDuel TV, Haivision, and Ericsson
    • Verizon Business experts will be featured on various panels throughout the show, discussing the future of live content and remote production

    LAS VEGAS, NV – Broadcasters face the challenge of managing dozens of camera feeds during a live event, they’re constantly struggling with location-based connectivity, all while having the pressure of capturing every critical moment flawlessly. Until now. At the 2025 National Association of Broadcasters (NAB) Show, Verizon Business (Booth W#2530) is showcasing a range of innovative solutions including a first-of-its-kind portable Private 5G Network framework designed to reduce many of these live-broadcasting pain points for broadcasters. 

    This mobile environmentally controlled setup is built on NVIDIA accelerated computing, including NVIDIA AI Enterprise and NVIDIA Holoscan for Media, which demonstrate intelligent video prioritization for live production by using AI to manage numerous camera feeds and highlight key moments. This allows directors to focus on the most compelling content and create a more dynamic and engaging live production. The combined mobile framework can be deployed to leverage different types of spectrum, including C-band, CBRS, and millimeter wave. The Verizon mobile framework comes to life with key partners including FanDuel TV, Haivision, and Ericsson.

    “Live content production and experiential events are evolving rapidly, demanding innovative approaches to content creation, distribution, and fan engagement,” said Daniel Lawson, SVP, Global Solutions, Verizon Business. “We are demonstrating at NAB 2025 how our Private 5G Network, coupled with Enterprise AI solutions, enables more efficient, cost-effective broadcast workflows. Our first-of-its-kind mobile framework is a testament to our commitment to innovation and our dedication to providing cutting-edge solutions to meet the evolving demands of the industry.”

    Visit Verizon Business at Booth #W2530 – thought leadership sessions

    Verizon Business (Booth #W2530) experts will have a strong presence at the NAB show, leading and participating in several sessions, including:

    Saturday, April 5, 12 p.m. PT, at the NAB Main Stage, Verizon’s Daniel Lawson, SVP, Global Solutions will deliver the Opening Remarks for the 2025 Devoncroft Executive Summit

    Monday, April 7, 12 p.m. PT, at W222-W223, ErinRose Widner, Global Head of Business Strategy, Media & Entertainment, Verizon Business will lead a panel: AI on Location: Deploying Private Networks and Edge Compute for Next Gen Production Workflows’

    Monday, April 7, 2 p.m. PT, at W1768 Theater 1, Tim Stevens, Global Leader of Strategic Innovation, Verizon Business will discuss ‘Unplugging Sports: The Private Wireless Revolution’

    These sessions, along with many others, will delve into the latest trends in live media, AI and automation, and how technology is being leveraged to enhance engagement and interactivity. For more information, visit Verizon Media & Entertainment to learn more.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Speech by FS at Hong Kong Web3 Festival (English only) (with photos)

    Source: Hong Kong Government special administrative region

    Following is the speech by the Financial Secretary, Mr Paul Chan, at the Hong Kong Web3 Festival today (April 7):

    (Deputy to the National People’s Congress, Vice Chairman of the All-China Federation of Industry and Commerce, the Chairman and Chief Executive Officer of Wanxiang Group, Mr Lu Weiding), (the Chairman of Wanxiang Blockchain and the Chairman and Chief Executive Officer of HashKey Group, Dr Xiao Feng), Duncan (Member of the Legislative Council Mr Duncan Chiu), distinguished guests, innovators, and pioneers of the digital frontier,

    Good morning. It is an immense pleasure to join you all today at the Web3 Festival of Hong Kong, a gathering of brilliant leaders and innovators to share thoughts and experiences about the future of blockchain, cryptocurrencies, decentralised finance and beyond.

    For those who have come from afar, a warm welcome to Hong Kong. As a city where East meets West and tradition intertwines with innovation, we are proud to host you to collectively chart the course of Web3.

    As a technology, blockchain is displaying its vast potential, significantly increasing transaction efficiency, lowering costs and enhancing market transparency. Today, we are witnessing a marked increase in the institutional adoption of Web3, with traditional banks, asset managers and brokers increasingly integrating digital assets into their offerings.

    As more jurisdictions embrace cryptocurrencies, the market has been energised with optimism, marked by a bullish trend over the past year or so.

    But beyond finance and the enthusiasm on cryptocurrency, we all agree that blockchain can bring real benefits to the people. For example, ReFi (regenerative finance) is gaining traction. Tokenised carbon credits enable the transparent tracking of emissions reductions, reinforcing trust in voluntary carbon markets.

    Meanwhile, the convergence of Web3 and AI is unlocking new frontiers. In finance, decentralised AI algorithms enhance credit assessments, audit smart contracts with greater precision, and deliver hyper-personalised investment strategies. Beyond finance, this synergy streamlines supply chains, revolutionises healthcare data management, and creates new immersive gaming experiences. Web3 and AI are transforming businesses and public services, driving innovation and efficiency at every turn.

    Hong Kong: driving Web3 innovation

    Allow me to take a few minutes to talk about Web3 in Hong Kong, our attitude and approach towards Web3 and our role in this global transformation.

    Hong Kong is pro-Web3. Over two years ago, we published a high-level policy statement on the development of virtual assets, affirming our commitment to a dynamic Web3 ecosystem. Central to this is the principle of the “same activity, same risk, same regulation” approach. Through a balanced and pro-innovation regulatory approach, we seek to maintain a level playing field for market participants and encourage innovative activities in this space.

    We have been walking the talk, and have delivered a number of initiatives. We were among the first in the world to have established clear licensing frameworks for virtual asset trading platforms, or VATPs. Indeed, the Securities and Futures Commission has already issued 10 VATP licences. We have also authorised VA spot ETFs (exchange-traded funds) last year, and Hong Kong now hosts the largest VA ETF market in the Asia Pacific, bridging traditional finance with crypto innovation.

    Meanwhile, legislation for stablecoin regulation is set for imminent passage. My colleagues at the Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority (HKMA) are working hard to get the relevant licensing regime to go live within this year.

    The Government will also conduct consultations on the licensing regimes of over-the-counter trading services and custodian services for VA (virtual assets). This will solidify Hong Kong’s comprehensive regulatory architecture.

    Let me make clear that Hong Kong’s approach to Web3 is not simply about regulation. We aim to strike a balance, ensuring market integrity without stifling innovation. After all, innovation entails risks. The lesson we have learnt is that we need to put it under a balanced regulatory framework so as to enable the sector to grow in a responsible and sustainable manner.

    One essential element in our regulatory regime is sandboxes, such as the HKMA’s Project Ensemble. Project Ensemble allows innovators to test various use cases, such as tokenised real-world assets, with early regulatory feedback. This signifies our pro-innovation approach, as we put regulators and innovators in a co-creation process.

    Later this year, we will unveil a second policy statement on the development of virtual assets. It will cover how to make use of Web3 to fast-track the development of traditional financial services, empower the real economy and strengthen the application of digital asset technologies.

    A few thoughts on Web3

    Now, looking ahead, allow me to share a few thoughts we consider important for the future development and success of Web3.

    First, it is the very vision of Web3 to enable more equitable use of the Internet, and make transactions more efficient and less costly. Innovation is core to this goal, and regulators should adopt a technology-neutral approach. It would only be counterproductive if jurisdictions or regulatory authorities favour particular types of cryptocurrencies, or rule out technologies or applications at the outset. Markets, not mandates, should decide which innovations prevail.

    Second, we all know Web3’s true potential lies well beyond digital assets or cryptocurrencies. Combined with AI, it can be a valuable tool to optimise impact investments, promote inclusive finance, support decarbonisation initiatives, advance sustainable development goals, and more. The global Web3 community should and can strengthen collaboration to support these worthy causes.

    Finally, it is essential that new technologies be developed and applied responsibly. AI, for instance, is evolving at speeds that are unexpectedly faster. Decentralised networks bring enormous benefits, but when coupled with AI, challenges such as algorithmic bias, deepfakes and cybersecurity require attention and co-operation at the regional and global levels. Here in Hong Kong, we advocate for suitable guardrails – frameworks that protect investors, consumers and users while encouraging innovation activities. We support a multi-stakeholder approach where governments, regulators and market players across different territories and regions come together to drive forward the sustainable development of Web3.

    Concluding remarks

    Ladies and gentlemen, to secure a promising and successful future for Web3, we need not just technological innovation, but also a common will to harness creativity and innovation for the benefit of the people. Let me assure you that Hong Kong is committed to this goal. We are here to collaborate with innovators and entrepreneurs from around the world, pushing the boundaries of what is possible, and leveraging the transformative power of Web3 for the greater good. Thank you very much.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: GeM Showcases Startup Power at Startup Mahakumbh 2025, Unlocks New Growth Avenues for Innovation-Driven India

    Source: Government of India

    GeM Showcases Startup Power at Startup Mahakumbh 2025, Unlocks New Growth Avenues for Innovation-Driven India

    GeM Pavilion Sees Massive Footfall, 2500+ Queries Resolved, 1000+ Registrations Completed

    Posted On: 06 APR 2025 10:05AM by PIB Delhi

    The Startup Mahakumbh 2025 concluded in New Delhi on Saturday, marking significant participation and highlighting the growing strength of India’s entrepreneurial ecosystem. Among the key participants was the Government e-Marketplace (GeM), which showcased its role in supporting startup growth and underlined the potential of public procurement as a tool for promoting innovation and inclusive development.

    As a strategic presenting partner, GeM engaged with a wide range of startups, investors, policymakers, and industry leaders during the event. Its participation reflected an ongoing effort to support the growth of Indian startups by facilitating access to government markets, encouraging new opportunities, and contributing to the broader vision of an Atmanirbhar Bharat.

    The event saw sector-focused pavilions that celebrated India’s strength in DeepTech, AgriTech, BioTech, MedTech, Artificial Intelligence, Gaming, and more. GeM’s presence underscored its mission to bridge the gap between innovators and government buyers, enabling faster scale, market validation, and meaningful contribution to India’s global innovation standing.

    GeM’s impact at the Mahakumbh was further amplified through a high-energy panel discussion that drew a packed audience and featured sharp insights from GeM leaders, industry experts, and policymakers. The panel covered key themes such as:

    • Charting India’s Growth Story
    • Boosting State Procurement Through Startups
    • Emerging Technology as a Service
    • Driving Startup Growth via GeM Categories
    • Unlocking Opportunities with Central Government Buyers

    The sessions reinforced GeM’s role in transforming public procurement into a launchpad for India’s next generation of entrepreneurs.

    Speaking on the theme of government-startup collaboration, CEO, Government e-Marketplace (GeM), Shri Ajay Bhadoo said, “Let’s work together and unlock the true potential of public procurement in driving startup growth, inclusive development, and Atmanirbhar Bharat.”

    His keynote address underlined the transformative potential of platforms like GeM in scaling innovative homegrown solutions and supporting startups with policy-driven opportunities.

    During the three-day event, GeM responded to over 2500 startup queries, facilitated 1000+ startup registrations and cataloguing, and hosted more than 1500 interactive sessions—including one-on-one mentoring and group engagements—focused on onboarding and skilling through GeM’s Learning Management System (LMS).

    GeM’s Pavilion hosted over 70 innovative startups, including 30 startup pods awarded free of cost to winners of GeM’s Start-o-nauts Challenge. So far, GeM has enabled over ₹38,500 Crore in transactions for 30,000+ startups, reinforcing its position as a true catalyst in India’s innovation ecosystem.

    ***

    Abhishek Dayal / Abhijith Narayanan/ Ishita Biswas

    (Release ID: 2119462) Visitor Counter : 55

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Tribal Affairs Minister Shri JualOram Inaugurates Two-Day Mega Medical Camp at Sundargarh, Odisha

    Source: Government of India

    Union Tribal Affairs Minister Shri JualOram Inaugurates Two-Day Mega Medical Camp at Sundargarh, Odisha

    Ministry of Tribal Affairs, AIIMS Delhi, and Government of Odisha Organise Mega Medical Camp on the Occasion of Janjatiya Gaurav Varsh

    Ministry Reiterates Commitment to Holistic Tribal Development through Enhanced Healthcare Access

    Posted On: 06 APR 2025 9:05AM by PIB Delhi

    Ministry of Tribal Affairs is committed to the holistic development of tribal communities across the country. As part of this vision, the Ministry has undertaken several proactive health initiatives to bridge healthcare gaps and ensure access to quality medical services for tribal populations, especially in remote areas.

    Mission to Eradicate Sickle Cell Disease by 2047

    National Sickle Cell Anaemia Elimination Mission, launched by Prime Minister Shri Narendra Modi in July 2023. The Mission sets an ambitious target to eradicate sickle cell disease by 2047, focusing on awareness generation, universal screening, and comprehensive disease management among tribal populations through a community-centric and integrated approach.

    Mega Medical Camp at Sundargarh: A Collaborative Effort under Janjatiya Gaurav Varsh

    As part of the celebrations of Janjatiya Gaurav Varsh, the Ministry of Tribal Affairs, in collaboration with AIIMS Delhi and the Government of Odisha, is organising a two-day mega medical camp on 5th and 6th April 2025 at the Sundargarh Government Medical College & Hospital, Odisha.

     

    The camp was formally inaugurated by the Hon’ble Union Minister of Tribal Affairs, Shri JualOram, on 5th April 2025. In his inaugural address, Shri Oram reaffirmed the Central Government’s unwavering commitment to strengthening healthcare services for tribal communities. He commended the efforts of AIIMS Delhi’s team of medical experts for their dedicated service to the tribal people of Odisha.

    On this occasion, the Minister also distributed wheelchairs to around 100 persons with disabilities, exemplifying the Government’s inclusive approach to healthcare. Shri Oram personally interacted with the patients, encouraging them to fully avail the specialised medical services provided.

    Specialised Medical Services and Facilities

    The camp features expert participation from 19 specialist departments of AIIMS Delhi, including:

    • Cardiology
    • Haematology
    • General Medicine
    • Gastroenterology
    • Nephrology
    • Surgery
    • Orthopaedics
      …and others.

    Patients from 18 blocks of Sundargarh district and adjoining regions are benefiting from expert consultations, diagnostic services, and medical treatment.

    In addition to consultations, the following free diagnostic services are being offered:

    • ECG
    • Ultrasound
    • X-ray
    • Blood tests

    Patients are also receiving free medicines as per prescriptions provided by the doctors from AIIMS Delhi.

    On the first day, over 1,500 patients availed these services, indicating a strong community response. The camp will continue on 6th April 2025, ensuring wider outreach and impact.

    Towards Healthcare for All

    This initiative represents a vital step forward in the Ministry’s efforts to realise the vision of “Healthcare for All”, especially in underserved tribal areas. The mega medical camp at Sundargarh serves as a testament to the Government’s ongoing efforts to create healthier, self-reliant, and empowered tribal communities across India.

    ****

    RN/PIB

    (Release ID: 2119443) Visitor Counter : 47

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Department of Animal Husbandry and Dairying Showcases Livestock & Dairy Innovations at Startup Mahakumbh 2025

    Source: Government of India

    Posted On: 06 APR 2025 9:02AM by PIB Delhi

    The Department of Animal Husbandry and Dairying (DAHD) under the Ministry of Fisheries, Animal Husbandry and Dairying marked it’s noteworthy presence at the recently concluded Startup Mahakumbh 2025, held from April 3rd to 5th at Bharat Mandapam, New Delhi. Participating as a Silver Supporting Partner, DAHD set up an engaging pavilion, showcasing innovations and initiatives in the livestock and dairy sector.

    As part of its Pavilion, DAHD provided Startup Pods to 15 Startups functional in the Livestock and Dairy sector, who got an opportunity to display their product/services and network with key stakeholders while exploring avenues for scaling their impact in India’s agrarian economy. These Startups showcased innovative products and technologies for example, ensuring temperature compliance in dairy processing, AI monitoring for animal health management, sensor-based smart collar for estrus detection, milk adulteration detection kit to ensure food safety, end-to-end SaaS platform for dairy supply chain, artificial insemination gun, data integration in dairy supply chain via blockchain to improve product traceability etc. Ms. Varsha Joshi, Additional Secretary, DAHD, visited the Pavilion and interacted with several startups, appreciating their contribution and innovations in livestock management and dairy technology.

    DAHD’s Pavilion highlighted key government initiatives including the National Livestock Mission’s Entrepreneurship Development Programme, the Rashtriya Gokul Mission, and the Animal Husbandry Infrastructure Development Fund. The pavilion also showcased DAHD’s efforts in delivering services directly to farmers doorstep and attracted significant interest and footfall from a wide range of stakeholders from academia, industry, and general public.

     ***

    Aditi Agrawal

    (Release ID: 2119442) Visitor Counter : 62

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Minister of Commerce & Industry, Shri Piyush Goyal confers ‘Startup Maharathi’ Awards at Startup Mahakumbh 2025

    Source: Government of India

    Union Minister of Commerce & Industry, Shri Piyush Goyal confers ‘Startup Maharathi’ Awards at Startup Mahakumbh 2025

    Maharathis are the warriors of India’s innovation journey: Shri Piyush Goyal

    Second Fund of Funds for Startups worth ₹10,000 crore approved to boost deep-tech and early-stage innovation

    Startup India Desk to be set up to serve as a helpline for startups

    Posted On: 05 APR 2025 9:08PM by PIB Delhi

    Union Minister of Commerce & Industry, Shri Piyush Goyal conferred the ‘Startup Maharathi’ Awards on the concluding day of Startup Mahakumbh 2025 in New Delhi today. Addressing a packed audience of entrepreneurs, innovators and ecosystem enablers, the Minister lauded all participants, stating that each one of them is a “Maharathi”—a skilled warrior and vital contributor in India’s startup revolution.

    “Maharathi is every one of the 2,400 participants of this grand challenge. Every one of the 3,000 exhibitors at Startup Mahakumbh is on the path to success,” said Shri Goyal, as he acknowledged the immense talent and potential of India’s startup ecosystem.

    He encouraged young founders to set ambitious goals and rise beyond the limitations of the present. “The potential you hold will make you a great contributor to India’s journey in this Amrit Kaal. Let the Startup Mahakumbh ignite aspirations that go beyond the current realm of reality,” he added.

    Comparing the scale of the event with previous years, the Minister informed that while last year saw around 3,000 visitors, this year the Mahakumbh witnessed a record footfall of 2.3 lakh visitors, underlining India’s exponential growth trajectory in the innovation space.

    Shri Goyal also shared that 40% of the applicants for the Maharathi Grand Challenge were from Tier 2 and Tier 3 cities, and many were women-led startups. “Women are taking a lead in India’s development and contributing with great enthusiasm,” he remarked.

    The Minister emphasised that the Government is creating an enabling environment for startups through landmark reforms in Ease of Doing Business. “Over 40,000 compliances have been simplified or removed, and many laws have been decriminalized so that startups can work freely and fairly,” he said.

    Announcing a key initiative, Shri Goyal revealed that a dedicated Startup India Desk will be set up in the Ministry of Commerce & Industry to serve as a helpline for startups across India, accessible via a simple 4-digit toll-free number in regional languages.

    He also said that the Second Fund of Funds for Startups (FFS) with a corpus of ₹10,000 crore, has been approved by Hon’ble Prime Minister Shri Narendra Modi. This year, ₹2,000 crore will be disbursed to SIDBI as the first installment. A significant portion of the fund will be reserved for seed funding of small startups and to support deep-tech innovation.

    “Through this fund, we aim to foster the development of cutting-edge technologies like AI, robotics, quantum computing, machine learning, precision manufacturing and biotech,” he stated.

    The objective is to provide early-stage financial support to budding entrepreneurs who often face challenges in accessing traditional forms of capital. This allocation will empower startups working on disruptive technologies by enabling them to scale prototypes, undertake research and development, and accelerate go-to-market strategies.

    The fund will especially focus on startups operating in cutting-edge domains such as artificial intelligence, machine learning, quantum computing, robotics, precision manufacturing, biotech, and semiconductor design, where long gestation periods and high capital requirements often pose hurdles. By mobilising patient capital, the Government aims to build a strong pipeline of indigenous technology solutions that can address national priorities and position India as a global innovation leader.

    This initiative reflects the Government’s commitment to nurturing a self-reliant and forward-looking startup ecosystem, where young innovators from every corner of India have equal access to resources and opportunities.

    Shri Goyal further urged SIDBI to establish at least one support centre in every state to provide basic infrastructure and shared facilities for early-stage entrepreneurs. Recalling his interaction with a startup that had invested in its own 3D printer due to the lack of shared facilities, the Minister stressed the importance of accessible prototyping resources.

    “We must unlock India’s full potential through facilitation, not regulation. The Government is here to support your journey, not control it,” he concluded.

    Shri Goyal called upon India’s youth to lead the way in emerging sectors like AI, semiconductors and deep-tech, and shape the nation’s path to Atmanirbhar Bharat.

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    Abhishek Dayal / Abhijith Narayanan/ Ishita Biswas

    (Release ID: 2119385) Visitor Counter : 78

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: “India’s young entrepreneurs aren’t chasing success for the sake of it; they’re solving real problems rooted in their communities” – Jayant Chaudhary

    Source: Government of India

    “India’s young entrepreneurs aren’t chasing success for the sake of it; they’re solving real problems rooted in their communities” – Jayant Chaudhary

    Skill India Pavilion Sparks Dialogue, Deals, and Dreams at Startup Mahakumbh 2025

    Posted On: 05 APR 2025 6:52PM by PIB Delhi

    Shri Jayant Chaudhary, Minister of State (I/C), MSDE, and Minister of State, Ministry of Education, attended Grand Finale of the Futurepreneurs Challenge at Startup Mahakumbh 2025, celebrating India’s thriving entrepreneurial ecosystem. The event showcased some of the country’s brightest student innovators who presented their pioneering solutions on a national platform.

    The Futurepreneurs Challenge, a key highlight of the event, featured 10 standout student teams who presented their groundbreaking innovations in a rapid-fire format before Shri Jayant Chaudhary and an esteemed audience of investors, policymakers, and industry leaders. Shri Chaudhary personally congratulated and felicitated the top 10 startups, recognizing them as emerging changemakers in India’s startup journey.

    The top prize went to Chitkara University, Chandigarh, for Stick Buddy, a smart assistive device designed for the visually impaired, featuring obstacle detection, time-date updates, and emergency alerts. Tula’s Institute, Dehradun, took second place with Pragati, an AI-powered nurse robot that conducts health check-ups through a simple handshake, offering real-time alerts, especially for underserved regions. Vignan Pharmacy College, Andhra Pradesh, secured third place with Magna Pads, an innovative menstrual care product that combines pain relief with diagnostic capabilities to detect conditions like anemia and PCOS.

    Special Jury Awards were given to Government Polytechnic Deoria for Vayuputra, an AI-enabled agricultural drone aimed at addressing pesticide overuse and labor shortages, and Rajalakshmi College of Engineering, Tamil Nadu, for Jeevitham, an AI-based child healthcare platform that offers personalized nutrition, vaccination tracking, and digital health records. Other notable finalists presented solutions for organ transplant logistics, MSME credit access, sustainable farming, migrant education, and affordable healthcare—illustrating the diverse and impactful ways young innovators are using AI to solve real-world problems.

    In a compelling fireside chat with Shri Jayant Chaudhary, which was hosted by TIE Global, the theme ‘From Skills to Startups: Unleashing India’s Youth Entrepreneurs’ resonated deeply. He emphasized the unique value of these entrepreneurs, stating, “What stood out to me today wasn’t just the ideas—it was the intent. Each young entrepreneur here isn’t chasing success for the sake of it; they’re solving real problems rooted in their communities. That’s the kind of mindset India needs—where skills and startups go hand in hand. Our job now is to nurture this instinct, strengthen the ecosystem, and make sure every student, every dreamer, feels confident that their idea has a place in India’s future. That’s how we build not just a startup nation, but a nation of responsible creators and leaders.

    The Minister also interacted with the 15 Entrepreneurs, supported by the National Institute for Entrepreneurship and Small Business Development (NIESBUD), under the aegis of Ministry of Skill Development and Entrepreneurship, who exhibited at the Skill India Pavilion showcasing the power of skill-led entrepreneurship, amplifying voices from India’s heartlands and creating meaningful opportunities for youth. The pavilion became a high-impact zone for inclusive innovation, emphasizing that entrepreneurship rooted in skills is the key to building a sustainable, inclusive future for India’s youth.

    Startup Mahakumbh 2025, a gathering of over 3,000 startups, 1,000 investors, and 50+ global delegations, solidified India’s position among the world’s top-three startup ecosystems. Within this vibrant ecosystem, the Skill India Pavilion emerged as a beacon of decentralized, skill-driven entrepreneurship, bridging grassroots innovation with national-scale opportunities.

    As the event concluded, the Ministry of Skill Development and Entrepreneurship (MSDE) reaffirmed its commitment to fostering an inclusive and future-ready startup ecosystem where every aspiring entrepreneur—regardless of geography or background—has the platform to innovate, grow, and lead.

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    Manish Gautam/Divyanshu Kumar

    (Release ID: 2119302) Visitor Counter : 58

    MIL OSI Asia Pacific News –