Category: Artificial Intelligence

  • MIL-OSI Asia-Pac: First International Research Conference on Pension (IRCP) 2025 concludes with the participation of global leaders, including World Bank and experts

    Source: Government of India

    First International Research Conference on Pension (IRCP) 2025 concludes with the participation of global leaders, including World Bank and experts

    Pension for All must become a national priority: Shri Pankaj Chaudhary

    Through the launch of the Unified Pension System, we are creating a robust foundation for secure retirement: Secretary, DFS

    National Pension System (NPS) has emerged as a cornerstone of India’s pension sector, fostering financial security for millions: Dr. Deepak Mohanty

    Posted On: 05 APR 2025 11:17AM by PIB Delhi

    The First International Research Conference on Pension (IRCP) 2025 held in New Delhi concluded yesterday. It   was inaugurated on 3rd April at Bharat Mandapam by Shri Pankaj Chaudhary, Minister of State for Finance, Government of India. The two-day event was organized by the Pension Fund Regulatory and Development Authority (PFRDA) in collaboration with the Indian Institute of Management Ahmedabad (IIMA), to mark a historic milestone in India’s journey toward robust old-age income security.

    This platform brought together policymakers, scholars, industry leaders, and international experts to deliberate on the evolving dynamics of pension reforms, financial preparedness for retirement, and innovative strategies to secure the future of aging populations.

     

    Highlighting a big change in India’s demographic landscape, necessitating urgent and inclusive pension reforms to secure a dignified future for its aging population, Shri Pankaj Chaudhary,  Minister of State for Finance in his key note stated that India’s demographic landscape is on the profound shift in the coming decades. By 2050, one in five Indians will be over 60, and by 2047, the elderly will outnumber children. With 19 percent of the population projected to be elderly by mid-century—predominantly women—securing financial independence through inclusive pension schemes is not merely a goal, but a vital need for the country. ‘Pension for All’ must become a national priority, requiring policy action to ensure a dignified and secure future for our aging population.

    In his address, Shri Nagaraju Maddirala, Secretary, Department of Financial Services highlighted that India’s pension framework stands at a pivotal moment of transformation and through the launch of the Unified Pension System and efforts to broaden coverage, we are creating a robust foundation for secure retirement. UPS provides an assured pension of 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation. India’s pension assets, constituting roughly 17 percent of GDP, fall far short of the OECD average, where they typically exceed 80 percent, revealing a stark disparity in retirement readiness.

    Welcoming distinguished guests, global thought leaders, and industry stakeholder, Dr. Deepak Mohanty, Chairperson of PFRDA in his address stated that the National Pension System (NPS) has emerged as a cornerstone of India’s pension sector, fostering financial security for millions, with an accumulated corpus of Rs 14.4 Lakh Cr and 8.4 crore subscribers under NPS and APY. As we embrace technology-driven initiatives and innovative policy solutions, our focus remains on expanding coverage, ensuring financial sustainability, and building a pension-inclusive society for future generations.

    The opening day of the First International Research Conference on Pension (IRCP) 2025 at Bharat Mandapam was a resounding success, featuring three dynamic panel discussions that captivated attendees with their depth and diversity.

    The first session, titled “Pension for Future: Building Resilient Old Age Income Security,” saw experts explore strategies adopted by various countries for enhanced pension coverage, building a sustainable pension system and challenges faced in inclusion of informal sector and gig economy workers. The panel was moderated by Somya Kanti Gosh, Member-16thFinance Commission and was addressed by Dr Deepak Mohanty, Chairperson, PFRDA, Ms. Astrid Ludin, Deputy Commissioner, FSCA, South Africa,  Ms. Omolola Oloworaran, Director General, PENCOM, Nigeria and Mr. William Price, CEO, D3P Global.

    This was followed by “Global Lessons on New and Innovative Investment Practices in the Pension Industry,” which showcased innovative investment methods, approaches for the product design and sharing of international success stories to inspire India’s pension sector. The session was moderated by Prof. Abhiman Das, Director , IIM Ahmedabad  and co-moderated by Mr. Tushar Arora, Senior Financial Sector Specialist, World Bank and was addressed by Mr. Brian M. Miller, Vanguard, Dr. Paul Yu, Director, MPFSA, Hong Kong, China, Mr. William Price, CEO, D3P Global, Prof. Prachi Mishra, Director and Head, Ashoka Isaac Center for Public Policy and Mr. R. Mark Davis, Senior Financial Sector Specialist, World Bank.

    The first day concluded with the “Pension Forum for Regulatory Coordination and Development of Pension Products,” where a panel of regulators and government debated harmonizing policies for pension products across regulators and innovative strategies to drive the growth and accessibility of pension products in India. The session was moderated by Dr M S Sahoo, ex-Chairperson, IBBI and was addressed by Mr. Pankaj Sharma, Joint Secretary, DFS, Mr. Ramesh Krishnamurthi, CEO, EPFO, Mr. Amarjeet Singh, Whole Time Member, SEBI, Mr. Rajay Kumar Sinha, Whole Time Member, IRDAI, Dr. Manoj Anand, Whole Time Member (Finance), PFRDA, and other esteemed organizations enriched the discussions with their expertise, making Day 1 a true melting pot of global insights on pension sector.

    The second day, scheduled for April 4, 2025, witnessed elevated discourse with a series of Research Paper Presentations showcasing innovative studies on pension systems. The concluding day featured two additional panel discussions.

    The first panel discussion was focussed on “Promoting Financial Literacy for Sustainable Retirement Planning” by the esteemed scholars from leading educational institutions. The key topics explored included strategies to enhance coverage while ensuring persistency, changing demographic trends, social pressures and gender biases, integrating financial literacy courses into school curricula under the National Education Policy (NEP), adopting a targeted approach for various population segments, and leveraging influencer marketing strategies. The session was moderated by Ms Mamta Shankar, WTM, PFRDA and addressed by Prof. Simrit Kaur, Principal, SRCC, Dr. Arvind Sahay, Director, MDI, Dr. Pawan Kumar Singh, Director, IIM Tiruchirappalli, Dr. Ashok Banerjee, Director, IIM Udaipur, Dr. Bhimaraya Metri, Director, IIM Nagpur, Sh. S Karthikeyan, Director, DFS, Ministry of Finance.

    The second session was aimed to discuss ‘Pension Fund Investments with a Focus on Risk and Return’ focused on identifying strategies by the Pension Funds to address long-term pension obligations while maintaining the portfolio’s risk-return balance. Key considerations included optimizing asset allocation, diversifying investments, stress-testing, potential impact of AI/ML in investment decision making and incorporating liability-driven investing approaches to align cash flows with future pay-outs without compromising growth potential. The session was moderated by Prof. V Ravi Anshuman, IIM Bangalore and addressed by Prof. S.V.D. Nageswara Rao, Head, SOM, IIT Bombay, Prof. Rupamanjari Sinha Ray, Management Development Institute, Gurgaon and Mr. Vivek Iyer, Grant Thornton Bharat LLP

    The panel discussion was followed by the award ceremony and Mr Rajan Raju, Invespar Pted Limited and Mr Ravi Saraogi, Samasthiti Advisors India and Ms. Pankhuri Sinha  and Lokanandha Reddy Irala, University of Hyderabad were honored as top honorees for best research papers. The event concluded on a commemorative note, highlighting the insightful discussions and learnings from the Conference by Ms. Sumeet Kaur Kapoor, Executive Director, PFRDA. The Vote of Thanks was delivered by Mr. P Arumugarangarajan, Chief General Manager, PFRDA, who expressed gratitude to the esteemed speakers, panelists, researchers and participants for their valuable insights and contributions, marking a successful conclusion to the event.

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    NB/AD

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  • MIL-OSI Asia-Pac: Government and Poultry Industry Collaborate to Prevent Bird Flu Outbreaks

    Source: Government of India

    Government and Poultry Industry Collaborate to Prevent Bird Flu Outbreaks

    Implements Three-Pronged Strategy of  Biosecurity Measures, Strengthened Surveillance and Mandatory Registration of Poultry Farms

    Posted On: 05 APR 2025 2:44PM by PIB Delhi

    The Department of Animal Husbandry & Dairying (DAHD) under the Ministry of Fisheries, Animal Husbandry and Dairying held a high level meeting on 4th April 2025 in New Delhi to discuss the recent outbreaks of Avian Influenza (Bird Flu) in the  country. Chaired by Smt. Alka Upadhyaya, Secretary DAHD, the meeting brought together scientific experts, poultry industry representatives and policymakers to review the current situation of avian influenza and explore strategies to contain the disease and prevent its spread.

    A three-pronged strategy to prevent and control Bird Flu has been decided by DAHD in consultation with the stakeholders. It encompasses Stricter

    Biosecurity Measures wherein poultry farms must enhance hygiene practices, control farm access and follow stringent biosecurity protocols to minimize the risk of infection, Strengthened Surveillance and Mandatory Registration of Poultry Farms to enhance disease tracking and control (All poultry farms must register with state animal husbandry departments within a month. The government has urged poultry industry stakeholders to ensure 100% compliance with this directive).

     

    Speaking at the meeting, Smt. Alka Upadhyaya emphasized, “Protecting our poultry sector is critical for food security and rural livelihoods. Strict biosecurity, scientific surveillance, and responsible industry practices are essential in our fight against Bird Flu.” Additionally, Secretary DAHD stated the need for developing a predictive modelling system for early warning and environmental surveillance which would enable proactive disease detection and response, minimizing the risk of outbreaks and protecting the poultry industry. DAHD has permitted the use of the H9N2 (Low Pathogenic Avian Influenza) vaccine, developed by ICAR-NIHSAD, Bhopal, which is now available commercially.  A national study will evaluate the vaccine’s effectiveness of LPAI vaccination. The meeting also extensively discussed the possibility of allowing the use of a vaccine against Highly Pathogenic Avian Influenza (HPAI) in India.  Representatives from the poultry industry urged the government to explore vaccination as a strategy to prevent further economic losses in the sector. Scientific experts highlighted that currently available HPAI vaccines do not provide sterile immunity but only reduce virus shedding. Given these complexities, it was agreed that further scientific evaluation is needed before making a policy decision. The meeting recommended conducting detailed science-based assessments to determine the feasibility of HPAI vaccination in India. Research efforts have also been initiated to develop an indigenous HPAI vaccine following global best practices.

     

    The meeting saw participation from top animal health experts and leading poultry industry players including poultry vaccine manufacturers, poultry associations and government & research institutions like ICAR-NIHSAD, ICAR-IVRI, ICAR-CARI, ICAR-NIVEDI, and ICAR-Directorate of Poultry Research.

     

    About Avian Influenza and Current Status in India

     

    Avian Influenza is a highly infectious viral disease affecting birds, with occasional transmission to mammals. Since its first detection in India in 2006, outbreaks have been reported annually across multiple states. This year, the virus has shown cross-species transmission, impacting not just poultry but also wild birds and even big cats in some areas. Currently, six active outbreak zones remain in Jharkhand, Telangana, and Chhattisgarh in the country.

     

    Present situation on HPAI (From 1st January-4th April 2025)

     

    Domestic Poultry

     

    Parameter

    Details

    States Affected

    Maharashtra, Chhattisgarh, Jharkhand, Andhra Pradesh, Madhya Pradesh, Telangana, Karnataka, Bihar (Total: 8 states)

    Total Number of Epicentres

    34

    Active Epicentres

    6 (3 States – Jharkhand (Bokaro and Pakur), Telangana (Ranga Reddy, Nalagonda  and Yadadri Bhuvanagiri & Chhattisgarh (Baikunthpur, Korea)

     

    Non Poultry Species Affected (From 1st January-4th April 2025)

    Name of the State

    Species affected

    Maharashtra

    Tiger, Leopard, Vulture, Crow, Hawk and Egret

    Madhya Pradesh

    Pet Cat

    Rajasthan

    Demoiselle crane, Painted Stork

    Bihar

    Crow

    Goa

    Jungle Cat

    Comprehensive Approach to Controlling Avian Influenza

    The Department of Animal Husbandry & Dairying (DAHD) has implemented a series of initiatives to control and prevent the spread of Highly Pathogenic Avian Influenza (HPAI) in India. The country follows a strict “detect and culling” policy, which involves culling infected birds, restricting movement, and disinfecting areas within a 1 km radius of outbreaks. States have been instructed to report daily on control measures, with increased surveillance and preparedness, especially during winter when migratory birds pose a higher risk. Surveillance for HPAI has also been expanded to non-poultry species, with negative results from tested cattle, goats, and pigs. In the global effort to combat potential pandemics, India has shared sequencing data of H5N1 isolates and related samples with international networks. Central teams, along with the National Joint Outbreak Response Team, are being deployed to manage outbreaks, and regular coordination meetings are being held with State Animal Husbandry Departments and other relevant authorities, including the Health and Wildlife Departments. India follows a test-and-cull policy to contain Avian Influenza outbreaks. Under the Livestock Health and Disease Control Scheme, the government compensates affected farmers for culled birds, destroyed eggs, and feed, with costs shared 50:50 between the Centre and States.

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    Aditi Agrawal

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  • MIL-OSI Asia-Pac: MoPNG Drives Energy Innovation with Strong Presence at Startup Mahakumbh 2025

    Source: Government of India

    MoPNG Drives Energy Innovation with Strong Presence at Startup Mahakumbh 2025

    Oil & Gas PSUs Showcase Innovation Initiatives at Startup Mahakumbh 2025

    Posted On: 05 APR 2025 9:54AM by PIB Delhi

    The Ministry of Petroleum and Natural Gas (MoPNG) has actively participated in Startup Mahakumbh 2025, being held from April 3-5 at Bharat Mandapam, New Delhi.

    Oil and Gas PSUs have established robust frameworks to incubate, mentor, and fund innovative startups. A total of 32 PSU-backed startups are participating in Startup Mahakumbh 2025. ONGC’s startup fund has seen a 450% growth in valuation over five years, with WellRx—its first oilfield startup under the Startup India Policy—expanding its energy solutions to over 120 countries. IndianOil has funded 42 startups under its IndS_UP initiative, generating 86 intellectual properties and 635 jobs. Oil India supports deeptech ventures such as Caliche Private Limited, which specializes in biochemical sand influx control for oil wells, and Carbonation India Private Limited, which develops sustainable waste management solutions for the oil and gas sector. 

    Expert participation from PSU officials added significant value to Startup Mahakumbh 2025, offering startups access to decades of industry experience and strategic insights. A total of 14 senior executives from leading PSU oil and gas companies shared their expertise on research monetization, EV innovation, manufacturing integration, and mobility solutions. Chairman, ONGC was part of opening pleanary session. Other sessions featured insights  on investment strategies for electrification, policy incentives for EV innovation, acceleration of last-mile EV mobility etc.. The event also hosted an incubation roundtable titled “From Lab to Market – Unlocking Research Monetization,” featuring senior executives from BPCL, ONGC, Oil India, and HPCL. 

    Following the grand success of its inaugural edition, which was graced by Prime Minister Shri Narendra Modi, Startup Mahakumbh 2025 is themed ‘Startup India @ 2047: Unfolding the Bharat Story.’ The event has expanded significantly, with over 3,000 startups from 11 thematic sectors participating alongside more than 1,000 investors and incubators, fostering an environment conducive to innovation and entrepreneurship. 

    The Ministry of Petroleum and Natural Gas has consistently supported and recognized innovation, as demonstrated during India Energy Week 2025, held from 11thto 14thFebruary at Yashobhoomi, Dwarka, Delhi. The ‘Avinya’25 – Energy Startup Challenge’ identified and rewarded startups making advancements in CO₂ capture, ESG solutions, and renewable energy. Additionally, the ‘Vasudha – Oil and Gas Startup Challenge’ recognized international startups pioneering AI-driven solutions in the upstream oil and gas sector.

    Other PSUs are also driving innovation. EIL’s EngSUI initiative has supported 31 startups with ₹35 crore, funding projects in industrial enzymes, compostable polymers, and carbon capture. HPCL’s HP Udgam program has provided ₹35 crore in seed funding to 29 startups, including Maraal Aerospace, which develops solar-powered long-range drones. BPCL’s Ankur program has funded 30 startups with ₹28 crore, helping them raise $132 million and achieve a cumulative valuation of $300 million. GAIL’s Pankh initiative supports startups in energy, logistics, and industrial technology, with ventures showcasing solutions in pipeline repair, biogas generation, and sustainable materials. 

    Through these sustained efforts, MoPNG and its PSUs are fostering a technology-driven and sustainable energy ecosystem, empowering startups to lead India’s energy transition and innovation landscape.

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    MONIKA

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  • MIL-OSI USA: Office of the Governor – Flag Order – Governor Green Lowers Flags in Honor of Former Rep. Ward

    Source: US State of Hawaii

    Office of the Governor – Flag Order – Governor Green Lowers Flags in Honor of Former Rep. Ward

    Posted on Apr 4, 2025 in Flag Orders, Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI 
    KA MOKU ʻĀINA O HAWAIʻI

    JOSH GREEN, M.D. 
    GOVERNOR
    KE KIAʻĀINA 

    GOVERNOR GREEN LOWERS FLAGS IN HONOR OF FORMER REP. WARD

    FOR IMMEDIATE RELEASE
    April 4, 2025

    HONOLULU – Governor Josh Green, M.D., has ordered that the United States flag and the Hawaiʻi state flag be flown at half-staff at the Hawaiʻi State Capitol and at all state offices and agencies as well as the Hawaiʻi National Guard in the state of Hawaiʻi, effective immediately on Friday, April 4, to sunset on Monday, April 7, in recognition of the unwavering service of former Representative Gene Ward.

    “The passing of Gene Ward is a profound loss for Hawai‘i. Gene dedicated his life to public service with passion, integrity and an unwavering commitment to the people he represented,” said Governor Green. “From his service in the Peace Corps and the Vietnam War to his decades in the State House, he brought a global perspective and deep love for Hawaiʻi to everything he did. His leadership in supporting small businesses, strengthening international relations and advocating for local communities has left a lasting impact on our state.”

    “Gene was a fighter in every sense—whether championing issues he believed in or overcoming personal challenges with resilience and determination. Jaime and I send our heartfelt aloha to his family, friends and all those whose lives he touched. Hawai‘i has lost a dedicated leader, but his legacy will continue to inspire us.”

    # # #

    Media contacts:
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected]

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News

  • MIL-OSI Asia-Pac: MeitY and UNESCO to Host the 3rd AI Readiness consultation in Hyderabad

    Source: Government of India

    Posted On: 07 APR 2025 2:33PM by PIB Hyderabad

    The UNESCO Regional Office for South Asia, in collaboration with the Union Ministry of Electronics and Information Technology (MeitY) and Ikigai Law as the implementing partner, will be organizing a stakeholder consultation on the AI Readiness Assessment Methodology (RAM) in India. This event will take place on April 8, 2025, at 1:30 PM, at T-Works in Hyderabad.

     

    A key segment of the event is a fireside chat on the IndiaAI Mission, featuring Mr. Abhishek Singh, CEO, IndiaAI Mission, and Additional Secretary, MeitY. The event will also include a panel discussion on “Shaping Ethics in AI Governance: Government and Multilateral Perspectives”, with participation from senior officials representing the MeitY, Office of the Principal Scientific Adviser to the Government of India, Amrita University, UNESCO, and the Government of Telangana. Participants will also engage in four thematic breakout groups on governance, workforce readiness, infrastructure, and use cases, facilitating deeper dialogue and input on key dimensions of India’s AI readiness.

     

    About AI RAM initiative

     

    This is the third of five multi-stakeholder consultations under the AI RAM initiative by UNESCO and MeitY, following earlier sessions in New Delhi and Bangalore. Aimed at shaping an India-specific AI policy report, the initiative focuses on mapping strengths and opportunities in the ethical AI ecosystem. Open to policymakers, technologists, academia, and practitioners, this consultation is an opportunity to help shape a responsible, future-ready AI roadmap for the country. Interested participants may register on this link: https://forms.gle/3emuaGpgZuvMghYq9

     

    This initiative comes at a pivotal time as India rolls out its ambitious INDIAai Mission, backed by over ₹10,000 crore in funding. At its core is the Safe and Trusted AI pillar, reinforcing the Government of India’s commitment to ethical, accountable, and secure AI development. By advancing indigenous frameworks, governance tools, and self-assessment guidelines, the mission seeks to empower innovators and make the benefits of AI accessible across sectors.

     

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  • MIL-OSI Asia-Pac: SPIRIT OF INDIAN CONSTITUTION IS TO TREAT ALL CITIZENS EQUALLY, PROVIDE THEM WITH EQUAL OPPORTUNITIES, AND INTEGRATE MARGINALIZED AND BACKWARD SECTIONS OF SOCIETY INTO ‘MAINSTREAM OF PROGRESS AND DEVELOPMENT’: LOK SABHA SPEAKER

    Source: Government of India

    SPIRIT OF INDIAN CONSTITUTION IS TO TREAT ALL CITIZENS EQUALLY, PROVIDE THEM WITH EQUAL OPPORTUNITIES, AND INTEGRATE MARGINALIZED AND BACKWARD SECTIONS OF SOCIETY INTO ‘MAINSTREAM OF PROGRESS AND DEVELOPMENT’: LOK SABHA SPEAKER

    IN RECENT YEARS, PARLIAMENT OF INDIA HAS PASSED SEVERAL LEGISLATIONS THAT PROMOTE SOCIAL JUSTICE AND SECURITY AND ENCOURAGE INCLUSION OF ALL SECTIONS OF SOCIETY: LOK SABHA SPEAKER

    INDIA HAS ESTABLISHED PRIMACY OF JUSTICE BY REPLACING ‘INDIAN PENAL CODE’ WITH THE ‘BHARATIYA NYAY SANHITA’: LOK SABHA SPEAKER

    LOK SABHA SPEAKER DELIVERS KEYNOTE ADDRESS AT 150th ASSEMBLY OF INTER PARLIAMENTARY UNION (IPU) IN TASHKENT

    LOK SABHA SPEAKER WISHES THE GATHERING AT 150TH IPU ON THE OCCASION OF RAM NAVAMI

    Posted On: 06 APR 2025 8:20PM by PIB Delhi

    Lok Sabha Speaker Shri Om Birla today highlighted the inclusive and welfarist nature of Constitution of India, mentioning that “the spirit of the Indian Constitution is to treat all citizens equally, provide them with equal opportunities, and integrate the marginalized and backward sections of society into the ‘mainstream of progress.”

    Delivering the Keynote Address on the theme “Parliamentary Action for Social Development and Justice” at the historic 150th Assembly of Inter-Parliamentary Union (IPU) at Tashkent, Uzbekistan,Shri Birla observed that “In recent years, the Indian Parliament has passed several legislations that promote social justice and security and encourage the inclusion of all sections of society.”On the occasion, he also extended Ram Navami greetings to the gathering at the 150thassembly of IPU.

    Referring to the Parliament’s perennial concern for safeguarding the interests of the vulnerable segments of society, he added that “Bills like the ‘Rights of Persons with Disabilities Act-2016’, the ‘Transgender Persons (Protection of Rights) Act, 2019’, and the ‘Nari Shakti Vandan Adhiniyam-2023’ safeguard the interests of all sections of society.”  in this context, he also referred to new Labor laws and codes passed by Parliament for the welfare and social security of workers in the unorganized sector.

    Stressing that Indian Parliament has taken several measures prioritising justice and rule of law, Shri Birla mentioned that “By replacing the ‘Indian Penal Code’ with the ‘BharatiyaNyay Sanhita’, India has established the primacy of justice”. Referring to functioning of Parliamentary Committees in achieving the goals of development and social justice, Shri Birla noted that the various Parliamentary Committees, often referred to as Mini Parliaments, perform a complimentary function to the efforts of Parliament and the government. He highlighted that the Committees on Social Justice and Empowerment; Committee on Women Empowerment; Committee on Labour and Skill Development, and other diverse committees monitor welfare programmes leading to implementation of schemes with effectiveness and accountability. 

    Shri Birla stressed that Government of India works with a mission to achieve targets set for key human development indicators. In this regard, he specifically mentioned that “Under the world’s largest health insurance scheme, Ayushman Bharat Pradhan Mantri – Jan Arogya Yojana (PM-JAY), free health insurance is being provided to the bottom 40% of India’s population”.

    Praising the strong and visionary leadership of Prime Minister, Shri Narendra Modi, Shri Birla said “Under Prime Minister Shri Modi’s leadership, India has achieved the distinction of being the world’s fastest-growing major economy with a 105% GDP growth over the past decade and is rapidly progressing towards its goal of Viksit Bharat in 2047.” Noting that India is the fifth-largest economy in the world and is on its way toward becoming the third-largest economy, Shri Birla said that India is playing a leading role in the world in fields like Innovation, AI, Startups, Space and Defense Technology, IT, Fintech, Pharma, and others.

    He hoped that the discussions at the IPU Assembly would provide all delegations with new perspectives and will allow Parliaments around the world to be able to take concrete steps toward building a just, inclusive, and prosperous society.

    Speaking on the role of IPU in the present world order, Shri Birla mentioned that the IPU continues to add new dimensions to global parliamentary cooperation. He underlined that the theme chosen for the 150th IPU Assembly reflects the expansion of the spirit of ‘VasudhaivaKutumbakam,’ which is deeply rooted in Indian culture, tradition, and philosophy.

    INDIA AND VIETNAM ARE PROGRESSING TOWARD SUSTAINABLE DEVELOPMENT, DRIVEN BY THEIR RESPECTIVE VISIONS AND SHARED GOALS OF DEVELOPMENT

    On the sidelines of the 150th IPU Summit, Lok Sabha Speaker Shri Om Birla met HE. Mr. Tran Thanh Man, President, the National Assembly of Vietnam. Speaking on the occasion, Shri Birla fondly recalled his visit to Vietnam in April 2022, marking the 50th anniversary of diplomatic relations between India and Vietnam. He also emphasized the close cultural and historical ties between the two countries, which have strengthened through high-level discussions in recent years. Shri Birla expressed satisfaction that both countries are progressing toward sustainable development, driven by their respective visions for 2047 (India) and 2045 (Vietnam).

    Shri Birla emphasized that cooperation in various sectors such as defense, technology, infrastructure, and nuclear energy has helped shape their future frameworks. Shri Birla noted that both countries’ parliamentary institutions play a key role in meeting people’s expectations and promoting public welfare, with India utilizing emerging technologies to enhance parliamentary processes and citizen participation. He also informed that the “Digital Parliament” initiative in India has improved efficiency, transparency, and productivity in parliamentary operations. He also highlighted the significant number of Vietnamese students benefiting from educational and training scholarships in India.

    President of the National Assembly of Vietnam emphasized the cultural ties between the two countries. The President also underlined the need for strengthening the close defence and technology ties between India and Vietnam. He extended an invitation to Shri Birla to visit Vietnam. Formation of friendship group between India and Vietnam were also discussed.

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    AM

     

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  • MIL-OSI Asia-Pac: WAM!: India’s Manga & Anime Boom

    Source: Government of India

    Posted On: 07 APR 2025 9:54AM by PIB Delhi

    Resham Talwar had always believed in the power of voice. As a visually challenged artist, she knew that her voice carried more than just words, it carried emotion, expression, and the ability to bring characters to life. She didn’t let her disability define her. Instead, she carved a space for herself in the highly competitive world of voice acting. Winning the Voice Acting category at WAVES Anime & Manga Contest (WAM!) in Delhi elevated her journey, proving her artistry could break through any barrier. Resham’s expertise in radio jockeying, voice-overs, and audio editing had already proven her capabilities, but WAM!! put her on a bigger stage. Her talent resonated with industry leaders, opening doors that had remained closed for far too long. It’s stories like hers that highlight why WAM!! isn’t just a competition, it’s a movement that’s shaking up the creative industry.

    This dynamic initiative, organised by the Ministry of Information & Broadcasting in collaboration with the Media & Entertainment Association of India (MEAI), aims to harness India’s growing enthusiasm for anime and manga by providing a platform for creators to showcase their talent. WAM!! encourages artists to develop localised adaptations of popular Japanese styles, catering to both Indian and global audiences, with opportunities for publishing, distribution, and industry exposure that foster artistic expression and nurture emerging talent. The competition will feature state-level contests across 11 cities, culminating in a grand national finale at World Audio Visual Entertainment Summit (WAVES) 2025 in Mumbai.

    WAM! is a cornerstone of the broader WAVES 2025, an ambitious event set to unfold at the Jio World Centre in Mumbai from 1st to 4th May. WAVES aims to position India as a global powerhouse in media and entertainment, drawing inspiration from iconic gatherings like Davos and Cannes. It’s a first-of-its-kind summit, uniting films, OTT platforms, gaming, comics, digital media, AI, and the burgeoning AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality) sector under one roof. With India’s media and entertainment industry poised for massive growth, targeting a $50 billion market by 2029, WAVES is set to be the catalyst that propels the nation to the forefront of global storytelling.

    At the heart of WAVES lies the Create in India Challenges (CIC), a series of competitions designed to unearth and nurture talent across diverse creative fields. Season 1 of CIC has already sparked a frenzy, attracting over 77,000 entries, including more than 500 participants from 35 countries. From this vast pool, over 725 top creators will converge at the grand finale during WAVES 2025, showcasing their work and vying for global recognition. The challenges celebrate India’s rich tapestry of regional storytelling, reflecting the country’s linguistic and cultural diversity. WAM!!, as one of the standout initiatives under CIC, zeroes in on the anime and manga domains, offering a stage for both amateurs and professionals to shine. It’s a movement that not only discovers hidden gems but also bridges the gap between raw talent and industry opportunity, transforming dreams into tangible careers.

    To appreciate why WAM!! matters, it’s helpful to explore what manga and anime are, especially for people in India. Manga is simply a type of comic book or graphic novel that started in Japan. It’s like the comics you might read, but it covers all sorts of stories, think exciting adventures, sweet love tales, spooky horrors, or magical fantasies. What makes manga special is its look: the characters often have big, lively eyes and the drawings can be super simple or packed with detail, depending on the story. Unlike most books, you read manga from right to left, and it usually starts as short pieces in magazines before being put together into books called “tankōbon.” Anime, on the other hand, is like manga brought to life—it’s the cartoon version you watch on a screen, with movement and voices added to the same kinds of stories. There’s something for everyone: ‘shonen’ is for young boys and full of action and friendship, ‘shojo’ is for young girls and focuses on romance, ‘seinen’ is for grown-up men with deeper or darker ideas, and ‘josei’ is for adult women with everyday life or love stories that feel real.

    In India, manga and anime have become incredibly popular over the last ten years, thanks to how easy they are to find and the excited fans who love them. There are around 180 million anime fans in the country, making India the second-biggest anime market in the world, just behind China. These fans are expected to play a huge part in making anime even more popular globally, driving 60% of its growth. Shows like “Naruto,” “Dragon Ball,” “One Piece,” “Attack on Titan,” and “My Hero Academia” have become huge hits, winning over massive followings across India and showing just how much people here love these stories.

    The anime market in India was worth $1,642.5 million in 2023, and it’s set to grow to $5,036.0 million by 2032. Platforms like Netflix, Amazon Prime Video, Crunchyroll, and Disney+ Hotstar have made it simple for people to watch anime, adding subtitles so Indian viewers can enjoy them. Manga is also getting easier to find, with e-commerce giants like Amazon and Flipkart selling these comic books, and some special shops popping up too. Yet, despite this boom, India faces a critical shortage of skilled talent in the anime and manga industry, a gap that WAM is determined to bridge by fostering homegrown creators.

    Resham’s win is just one of many amazing stories coming out of WAM!. Take Angel Yadav, a high school student from Sunbeam Varuna in Varanasi, who stunned judges in the Manga (Student Category) at WAM Varanasi. Her artwork impressed Vaibhavi Studio in Kolkata so much that they offered her a job, showing that even young people can make a big impact in this field. Another success is Randeep Singh, a professional manga artist who entered WAM! Bhubaneswar. The judges loved his work, calling it good enough to be printed, and while he keeps working on his own manga, he’s already getting paid projects from Vaibhavi Studio. These examples show how WAM! changes lives, helping people turn their love for creating into real careers, with big names in the industry supporting them along the way.

    The support for WAM! extends far beyond individual triumphs, drawing in some of the biggest names in the business. Srikkanth Konatham, Director of BOB Pictures, has pledged to attend every future WAM! event, eager to scout talent ready to hit the ground running. Navin Miranda of ToonSutra is offering distribution deals in the webtoon space to winners, while Rajeswari Roy from eTV Bal Bharat is providing pitching opportunities in anime. Nilesh Patel, founder of central India’s largest animation studio, has gone further, promising placements for winners and internships for finalists. This industry backing isn’t just lip service, it’s a lifeline, ensuring that WAM! participants don’t just compete but thrive in a competitive global market.

    What sets WAM! apart is its ability to democratise creativity. It’s a platform where a visually challenged voice actor like Resham can stand shoulder-to-shoulder with a teenage manga artist like Angel or a seasoned professional like Randeep. As part of WAVES 2025, WAM! is more than a contest, it’s a revolution, reshaping how India’s creative talents are discovered, nurtured, and celebrated. With the summit on the horizon, the world will watch as India’s storytellers, rooted in a legacy of folklore and now embracing modern mediums like anime and manga, take centre stage. For Resham and countless others, WAM! isn’t just a win, it’s the beginning of a legacy, one that promises to burn brighter with every passing year.

    Source: Ministry of Information and Broadcasting

    WAM!: India’s Manga & Anime Boom

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    Santosh Kumar/ Ritu Kataria/ Saurabh Kalia

    (Release ID: 2119648) Visitor Counter : 64

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: NSO, India Unveils Digital Innovations to Strengthen Statistical System

    Source: Government of India

    Posted On: 07 APR 2025 9:13AM by PIB Delhi

    Ministry of Statistics and Programme Implementation (MOSPI) launched a revamped Microdata Portal during the recently held Conference of State Government Ministers, marking a significant step in enhancing data accessibility, user experience, and the integration of advanced technologies in the Official Statistical System. The new portal, which serves as a centralized repository for extensive statistical data collected from national surveys and economic census overcomes technological limitations faced by the previous portal. In collaboration with the World Bank Technology Team, MOSPI has adopted a modern, scalable technology stack that not only ensures compliance with the latest security standards but also supports a responsive design and data access mechanism. The portal can be accessed at https://microdata.gov.in/.

    On this occasion the web site of National Statistical System Training Academy was also launched. It will facilitate ease of access of information regarding capacity building initiative of the ministry by making them available at one place. The website can be accessed at www.nssta.gov.in.The portal & the website have been developed in-house by Data Informatics & Innovation Division of the ministry.

    MoSPI also presented a Proof of Concept (PoC) for an AI/ML-based classification tool designed to ease the use of the National Industrial Classification (NIC) in production of official statistics. The tool leverages natural language processing to allow stakeholders to enter text queries, subsequently suggesting the top five relevant NIC codes. This innovation not only reduces manual effort but also increases the productivity of enumerators, leading to more accurate data collection and ultimately better planning and policy-making. This has been the outcome of the recently concluded Hackathon organized by the ministry.

    The launch of these portals and website along with innovative AI-driven tools underscores commitment of the ministry to leverage the latest technological advancements for data management leading to strengthening of the statistical system. These initiatives are set to foster a more data-driven approach to policymaking, ensuring that government interventions are both precise and context-specific, ultimately contributing to goal of Viksit Bharat.

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    Samrat/Allen

    (Release ID: 2119641) Visitor Counter : 51

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 18th National Seminar on National Sample Surveys: “Critical Insights through Research and Emerging Trends in latest Survey Findings”

    Source: Government of India

    Posted On: 07 APR 2025 9:12AM by PIB Delhi

    The National Statistics Office (NSO), Ministry of Statistics & Programme Implementation (MoSPI) organizes National Seminars at regular intervals following the release of survey reports based on data collected in the National Sample Surveys. The seminar serves as an academic platform where experts, researchers, academia, and government officials from various institutions present and discuss research papers based on the survey findings. So far, seventeen (17) National Seminars have been organized in reputed institutes and universities across the country.

    Continuing this tradition, the 18th National Seminar on survey results of  NSS 78th  Round: Multiple indicator Survey, 79th Round: Comprehensive Annual Modular Survey (CAMS) and Survey on Ayush, Annual Survey of Unincorporated Sector Enterprises (ASUSE), Household Consumption Expenditure Survey (HCES), and Annual Survey of Industries (ASI) is being organized by the National Statistics Office (NSO), Ministry of Statistics & Programme Implementation (MoSPI), Government of India at Goa University, Panaji, Goa, on the 8th and 9th  of April 2025.

    The seminar will be inaugurated by Director General (NSS) and the Vice-Chancellor of Goa University will grace the occasion. Distinguished members of various expert Committees under whose guidance the survey instruments were finalised will also honour the event with their presence and participation in the discussions.

    The event will host 225 participants, including researchers, academicians, policymakers, and other stakeholders. The event will also be attended by the experts from international organizations, experts from private survey agencies and professors/scholars from renowned institutions.

    For the 18th National Seminar around 40 research papers were received from Assistant Professors, Research scholars & students of various universities/colleges of across India, in-service and retired officers of Indian Statistical Service, other Government officers of different State /Central Govt. departments, researchers, data users etc.. Following a thorough evaluation by the Paper Selection Committee, 14 papers have been shortlisted for presentation. The seminar will comprise five technical sessions, during which these selected papers will be presented. The presentations will be based on survey findings related to the aforementioned key thematic areas of the seminar.

    The seminar will present research papers which broadly cover emerging topics of current importance, including ICT skills inequality, financial inclusion, the impact of health insurance, digital competency among youth, and insights into the platform economy, particularly app-based cab services and delivery services, all based on NSS survey data. Topics related to consumption patterns across household types, and AYUSH utilization, productivity in informal economies related to the unincorporated sector and industries will also be covered.

    The papers titled “Predicting an NSS Indicator Value: A Machine Learning Approach” , “A neural network approach to identify features associated with multidimensional poverty in rural India”, utilise advanced computational techniques to analyze large datasets, uncover patterns, and make predictions or classifications across various fields.

    Apart from the research papers, a session on presentations by the Stakeholder Ministries/Private survey agencies on utility of National Sample Survey data is also included in the proceedings of the seminar. The seminar aims to facilitate informed discussions, policy recommendations, and data-driven insights on these critical topics, contributing to evidence-based policymaking and governance.

    Participants are encouraged to join this significant event through open registration. The registration link is provided below:

    https://docs.google.com/forms/d/e/1FAIpQLSea7ooVF5HGOs0__FRZ6KmPE1wcMCIgWAu2EDtcIbALXPomvQ/viewform?usp=header

    For those unable to attend in person, the event will be streamed live on YouTube. Watch it on the official MoSPI YouTube Channel here: https://www.youtube.com/@GoIStats.

    For more information about National Sample Surveys and Reports, please visit the MoSPI website at www.mospi.gov.in.

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    Samrat/ Allen

    (Release ID: 2119640) Visitor Counter : 50

    MIL OSI Asia Pacific News

  • MIL-OSI: Beneficient Enters into $9.6 Million GP Primary Capital Transaction

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 07, 2025 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced it has closed on the financing of a $9.6 million primary capital commitment for Pulse Pioneer Fund, LP (“Fund”), a fund managed by Pulse Pioneer GP, LLC, an asset manager that manages venture capital funds that invest in scalable climate companies within its target interdependent investment verticals. The transaction represents Ben’s first GP Primary transaction of the fiscal year. In exchange for an interest in the Fund, the Fund received approximately $9.6 million in stated value of shares of the Company’s Resettable Convertible Preferred Stock (the “Preferred Stock”), which is convertible at the election of the holder into shares of the Company’s Class A common stock, subject to the terms and conditions of the transaction documents. As a result of the transaction, the collateral for Company’s ExAlt loan portfolio is expected to increase by approximately $9.6 million of interests in alternative assets.

    “Successfully completing another GP primary capital transaction reinforces our ability to execute on our core liquidity and primary capital strategy by delivering innovative financing solutions for alternative asset holders and managers,” said Beneficient management. “We believe this financing reflects our ability to drive shareholder value while supporting impactful, vertically integrated investment strategies that enhance the value of the collateral backing our ExAlt loan portfolio. We’re excited to build on this momentum as we enter the new fiscal year and we continue to pursue additional opportunities that align with our strategic vision and growth objectives.”

    Upon closing of the previously announced Public Stockholder Enhancement Transactions (the “Transactions”), the Company believes this transaction will result in the addition of approximately $1.28 million (and an aggregate of approximately $10.46 million) of tangible book value attributable to the Company’s stockholders.

    Beneficient’s GP Primary Commitment Program is focused on providing primary capital solutions and financing anchor commitments to general partners during their fundraising efforts while immediately deploying capital into our equity. Through the program, Beneficient seeks to help satisfy the up to $330 billion of potential demand for primary commitments to meet fundraising needs.

    Reconciliation of Non-GAAP Financial Measures            
         
    The following tables reconciles these non-GAAP financial measures to the most comparable GAAP financial measures as of December 31, 2024, on an actual basis and pro forma assuming the Transactions occurred on December 31, 2024.    
    (dollars in thousands)   Actual   Pro forma –
    Transactions
    (1)
      Pro forma –
    Transactions
    and GP
    Primary
    (3)
    Tangible Book Value            
    Total equity (deficit)     14,260     14,260     23,680  
    Less: Goodwill and intangible assets     (13,014 )   (13,014 )   (13,014 )
    Plus: Total temporary equity     90,526     90,526     90,526  
    Tangible book value     91, 772     91,772     101,372  
                 
        Actual   Pro forma –
    Transactions
    (1)
      Pro forma –
    Transactions
    and GP
    Primary
    (3)
    Tangible book value attributable to Ben public company stockholders            
    Tangible book value     91,772     91,772     101,371  
    Less: Tangible book value attributable to Beneficient Holdings noncontrolling interest holders     (91,772 )   (82,595 )   (90,915 )
    Tangible book value attributable to Ben’s public company stockholders         9,177(2)   10,457(4)
                 
    Market Capitalization of Ben’s Class A and Class B common stock as of April 4, 2025 (5)   $ 2,728          
    (1)   Assumes the Transactions closed on December 31, 2024 including that the Beneficient Holdings limited partnership agreement was amended to provide that Ben, as the indirect holder of the Class A Units and certain Designated Class S Ordinary Units of Beneficient Holdings, would receive in the event of a liquidation of Beneficient Holdings 10% of the first $100 million of distributions of Beneficient Holdings following the satisfaction of the debts and liabilities of Beneficient Holdings on a consolidated basis.
    (2)   Pro forma for the Transactions, represents 10% of the first $100 million of distributions of Beneficient Holdings in the event of the liquidation of Beneficient Holdings following the satisfaction of the debts and liabilities Beneficient Holdings on a consolidated basis.
    (3)   Assumes the Transactions closed on December 31, 2024 including that the Beneficient Holdings limited partnership agreement was amended to provide that Ben, as the indirect holder of the Class A Units and certain Designated Class S Ordinary Units of Beneficient Holdings, would receive in the event of a liquidation of Beneficient Holdings (i) 10% of the first $100 million of distributions of Beneficient Holdings following the satisfaction of the debts and liabilities of Beneficient Holdings on a consolidated basis and (ii) 33.3333% of the net asset value of the added alternative assets of up to $5 billion in connection with ExAlt Plan liquidity and primary capital transactions entered after December 22, 2024.
    (4)   Pro forma for the Transactions, represents (i) 10% of the first $100 million of distributions of Beneficient Holdings in the event of the liquidation of Beneficient Holdings following the satisfaction of the debts and liabilities Beneficient Holdings on a consolidated basis and (ii) 33.3333% of the net asset value of the added alternative assets of up to $5 billion in connection with ExAlt Plan liquidity and primary capital transactions entered after December 22, 2024.
    (5)   Based upon the closing price of the Class A common stock as reported by Nasdaq as of market close on April 4, 2025.
         

    About Beneficient 
    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner. 

    For more information, visit www.trustben.com or follow us on LinkedIn

    Contacts
    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Important Information and Where You Can Find It

    This press release may be deemed to be solicitation material in respect of a vote of stockholders to approve an amendment to approve the issuance of the Company’s Class A common stock upon conversion of the Series B-6 Preferred Stock pursuant to the transaction. In connection with the requisite stockholder approval, Ben will file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive proxy statement, which will be sent to the stockholders of Ben, seeking such approvals related to the transaction.

    INVESTORS AND SECURITY HOLDERS OF BEN AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BEN AND THE TRANSACTION. Investors and security holders will be able to obtain a free copy of the proxy statement, as well as other relevant documents filed with the SEC containing information about Ben, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by Ben can also be obtained, without charge, by directing a request to Investor Relations, Beneficient, 325 North St. Paul Street, Suite 4850, Dallas, Texas 75201, or email investors@beneficient.com.

    Participants in the Solicitation of Proxies in Connection with Transaction

    Ben and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the requisite stockholder approvals under the rules of the SEC. Information regarding Ben’s directors and executive officers is available in its annual report on Form 10-K for the fiscal year ended March 31, 2024, which was filed with the SEC on July 9, 2024 and certain current reports on Form 8-K filed by Ben. Other information regarding the participants in the solicitation of proxies with respect to the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.

    Not an Offer of Securities

    The information in this communication is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. The securities that are the subject of the transaction have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Transactions, including receipt of required approvals and satisfaction of other customary closing conditions and excepted timing of closing of the Transactions, and expectations of future plans, strategies, and benefits of the Transactions. The words ”anticipate,” “believe,” ”continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” ”plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: the ultimate outcome of the transaction, including obtaining the requisite vote of securityholders; the Company’s ability to meet expectations regarding the timing and completion of the transaction; and the risks, uncertainties, and factors set forth under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.  

    The MIL Network

  • MIL-OSI: Jitterbit Earns 20 G2 Spring 2025 Badges for Leadership in Enterprise Automation, Integration and App Development

    Source: GlobeNewswire (MIL-OSI)

    ALAMEDA, Calif., April 07, 2025 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced its Harmony platform has been recognized as a leader by G2, the world’s largest and most trusted software marketplace. This is the eighth consecutive year Jitterbit has been highly ranked by G2.

    “We’re honored that Jitterbit has once again been recognized as a leader across multiple categories by G2,” said Vito Salvaggio, SVP of Product Management at Jitterbit. “This recognition reinforces our commitment to delivering a unified platform that accelerates workflow automation and application development with ease. With AI-powered capabilities in the Harmony platform, rapid EDI implementation with high ROI, and industry-leading customer support, we empower organizations to streamline their operations, foster innovation, and drive transformation.”

    The recognition for Harmony, Jitterbit’s unified, AI-infused low-code platform, includes 20 badges in Integration Platform as a Service (iPaaS), API Management, Electronic Data Interchange (EDI), Rapid Application Development (RAD), Workplace Innovation and No-Code Development. These accolades span the global grid reports for enterprises, mid-market and small businesses.

    Fortune 500 companies consult G2 as their trusted industry source to guide their software decisions. G2 Grid Reports are released quarterly, ranking products based on authentic peer evaluations collected from the G2 community and aggregated data from online sources. For the spring 2025 quarter, Jitterbit earned the following badges:

    • 9 Leader Badges for iPaaS, API Management and EDI
    • 8 High Performer Badges for Workplace Innovation, API Management, EDI, RAD, Low and No Code Development
    • 2 Badges for EDI – Best Estimated ROI and Fastest Implementation
    • 1 Badge for Low-Code Development Platforms – Best Support

    Key G2 Grid Report Highlights
    The Jitterbit Harmony platform was recognized as a Leader in the Grid Reports across iPaaS, API Management and EDI as follows:

    • EMEA Regional Grid® Report for iPaaS 
    • Europe Regional Grid® Report for iPaaS
    • Mid-Market Grid® Report for iPaaS
    • Grid® Report for Electronic Data Interchange (EDI)
    • Grid® Report for No-Code Development Platforms
    • Americas Regional Grid® Report for API Management

    About G2

    G2 is the world’s largest and most trusted software marketplace. More than 90 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation and grow their business — including Salesforce, HubSpot, Zoom, and Adobe. To learn more about where you go for software, visit www.g2.com.

    About Jitterbit Inc.
    For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at www.jitterbit.com and follow us on LinkedIn.

    Media Contact:

    Laura Hunter
    Jitterbit
    Phone: 310-344-6426
    Email: laura.hunter@jitterbit.com

    The MIL Network

  • MIL-OSI Europe: Briefing – Protecting children online: Selected EU, national and regional laws and initiatives – 07-04-2025

    Source: European Parliament

    The internet has become an integral part of children’s lives, offering a wide range of opportunities for learning, exploring, informing and interacting with others. However, this increased online presence also exposes children to numerous risks, including cyberbullying, fraudulent marketing practices, and sexual abuse and exploitation. The scale of these problems is alarming, with a significant proportion of children experiencing online harm every month. Furthermore, the rise of generative artificial intelligence is facilitating some risks, such as the creation and dissemination of convincing but false information. To address these challenges, the EU has implemented a range of laws and initiatives aimed at protecting children online, while enabling them to explore the digital space and fulfil their potential. These measures include regulations on digital services, audiovisual media services, data protection, and practical tools such as helplines and hotlines to report harmful or illegal content online. In addition, the EU has introduced a digital identity framework, which aims to offer a secure and reliable way to verify age, to prevent children from accessing age-inappropriate content. National and regional governments are also taking steps to protect children online, with many countries introducing age limits and age verification systems. Some countries or regions have banned smartphones in schools, while others are promoting awareness-raising campaigns and educational programmes to teach children and parents about online safety. Civil society organisations and international bodies are also promoting child online safety, through initiatives such as research, awareness-raising campaigns, and support services.

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Estimates of revenue and expenditure for the financial year 2026 – Section I – European Parliament – P10_TA(2025)0060 – Thursday, 3 April 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to Article 314 of the Treaty on the Functioning of the European Union,

    –  having regard to Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021-2027(1) and to the joint declaration agreed between Parliament, the Council and the Commission in this context(2) and the related unilateral declarations(3),

    –  having regard to Council Regulation (EU, Euratom) 2022/2496 of 15 December 2022 amending Regulation (EU, Euratom) 2020/2093 laying down the multiannual financial framework for the years 2021 to 2027(4),

    –  having regard to the Council Regulation (EU, Euratom) 2024/765 amending Regulation (EU, Euratom) 2020/2093 laying down the multiannual financial framework for the years 2021 to 2027(5) (”MFF revision”),

    –  having regard to its legislative resolution of 16 December 2020 on the draft Council regulation laying down the multiannual financial framework for the years 2021 to 2027(6),

    –  having regard to its resolution of 15 December 2022 on upscaling the 2021-2027 multiannual financial framework: a resilient EU budget fit for new challenges(7),

    –  having regard to its resolution of 3 October 2023 on the proposal for a mid-term revision of the multiannual financial framework 2021-2027(8),

    –  having regard to its resolution of 27 February 2024 on the draft Council regulation amending Regulation (EU, Euratom) 2020/2093 laying down the multiannual financial framework for the years 2021 to 2027(9),

    –  having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast)(10) (the “Financial Regulation”),

    –  having regard to the Interinstitutional Agreement of 16 December 2020 between the European Parliament, the Council of the European Union and the European Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management, as well as on new own resources, including a roadmap towards the introduction of new own resources(11),

    –  having regard to the general budget of the European Union for the financial year 2025(12) and the joint statements agreed between Parliament, the Council and the Commission annexed hereto,

    –  having regard to the Secretary-General’s report to the Bureau on drawing up Parliament’s preliminary draft estimates for the financial year 2026,

    –  having regard to the preliminary draft estimates drawn up by the Bureau on 10 March 2025 pursuant to Rules 25(7) and 104(1) of Parliament’s Rules of Procedure,

    –  having regard to the draft estimates drawn up by the Committee on Budgets pursuant to Rule 104(2) of Parliament’s Rules of Procedure,

    –  having regard to Rule 104 of its Rules of Procedure,

    –  having regard to the report of the Committee on Budgets (A10-0048/2025),

    A.  whereas the budget proposed on 10 February 2025 by the Secretary-General for the Parliament’s preliminary draft estimates for 2026 amounts to EUR 2 641 609 620 and represents an increase of 4,30 % or EUR 108 914 512 compared to 2025 budget;

    B.  whereas the Union annual inflation was 2,8 % in January 2025 according to Eurostat, up from 2,7 % in December 2024; whereas the level of expenditure in Heading 7 of the multiannual financial framework (MFF) 2021-2027 is based on a 2 % yearly increase;

    C.  whereas the credibility of the Parliament depends on its ability to deliver on its core budgetary, legislative and scrutiny work to the highest standard, while setting an example vis-à-vis other Union institutions to plan and conduct its spending prudently and efficiently and to reflect the prevalent economic realities;

    General framework

    1.  Is concerned with the situation of Heading 7 in the current MFF; recalls that the constraints are the results of the cuts applied by the Council to the Commission’s already very low initial proposal when agreeing on the current MFF 2021-2027; regrets the Council’s opposition to the Commission’s proposal to increase the ceiling of Heading 7 in the MFF revision as from 2024; points out the failure to address the issue of the ceiling of Heading 7 in the MFF revision; highlights that the forecasted negative margin for 2026 presupposes the use of special instruments in Heading 7 for that purpose;

    2.  Endorses the agreement reached in the Conciliation between the Bureau and the Committee on Budgets on 18 March 2025 to set the increase over the 2025 budget at 4,09 %, corresponding to an overall of estimates of EUR 2 636 241 620 for 2026, and to reduce accordingly the appropriations proposed on the following budget lines for a total of EUR 12 378 000:

    1 0 0 6 — General expenditure allowance, 1 4 2 — External translation services, 2 0 0 0 — Rent, 2 0 0 7 — Construction of buildings and fitting-out of premises, 2 0 2 4 — Energy consumption, 2 1 0 1 — Business applications management, 3 2 0 — Acquisition of expertise, 3 2 4 3 — European Parliament visitors’ centres, 3 2 4 8 — Expenditure on audiovisual information, 4 4 — Meetings and other activities of current and former Members;

    furthermore, it was decided to increase the level of expenditure of the preliminary draft estimates approved by the Bureau on 10 March 2025 by EUR 7 010 000 and to increase accordingly the appropriations proposed on the following budget lines:

    1 2 0 0 — Remuneration and allowances, 1 6 3 0 — Social welfare: welfare expenditure, 4 0 0 — Current administrative expenditure and expenditure relating to the political and information activities of the political groups and non-attached Members, and 4 0 3 — Funding of European political foundations;

    finally, it was agreed to modify the budgetary remarks of item 1 6 3 0 — Social welfare: welfare expenditure to include the reference to the APA Committee;

    3.  Recalls that almost two-thirds of the budget is fixed by statutory obligations; notes that out of the increase of EUR 103,5 million compared to the 2025 budget an increase of EUR 85,3 million is due to statutory financial obligations, mainly for salary updates of officials and temporary staff (EUR 52,7 million), of contract agents (EUR 9,2 million) and of accredited parliamentary assistants (EUR 15,1 million); recalls that the salary indexation, in line with the Staff Regulations and Statute for Members of the European Parliament, is currently forecasted by the Commission for April 2025, July 2025, April 2026 and July 2026 at 1,2 %, 4,6 %, 0,6 % and 3,4 % respectively;

    4.  Notes that the Parliament does not request any additional posts for 2026, the third year in a row;

    5.  Notes that the increase for non-statutory expenditures between 2025 and 2026 is 1,96 %;

    6.  Welcomes the initiative of the Secretary-General to conduct a major screening exercise aimed at identifying opportunities for administrative simplification, eliminating inefficiencies and ensuring tangible cost reductions, thereby increasing efficiency and ensuring a smart use of resources; asks the Secretary-General to provide the Committee on Budgets with semestrial updates on the actions taken and on the Action Plan on Simplification as well as their impact in terms of budget and staff; underlines that administrative procedures and human resources management represent a heavy burden for Members, in particular when hiring local assistants, and calls for simplification in that regard;

    7.  Notes that Parliament’s budget should be established on a realistic basis, in compliance with the principles of budgetary discipline and sound financial management; highlights that it is essential to ensure that financial prudence and security remain key priorities while guaranteeing that these measures do not impede the efficiency, effectiveness and operational capacity of the institution and its essential staff in carrying out their duties successfully; stresses that, given the geopolitical context and the investments that the Union will have to make for its strategic autonomy, the Parliament must set an example in the management of its budget;

    8.  Highlights Parliament’s role in building European political awareness and promoting Union values and policies such as the digital and green transition; stresses that transparency, accountability, gender equality and integrity are essential principles within the Union institutions and particularly Parliament as a house of European democracy;

    Strengthening Parliament’s core functions

    9.  Takes note of the four new thematic Directorates-General (DGs) created in September 2024, responsible for legislative, budgetary and scrutiny activities, from the previous Directorate-General for Internal Policies, in order to improve the functioning of Parliament as a co-legislator, as one arm of the budgetary authority, and as discharge authority; requests the Secretary-General to provide the Committee on Budgets with regular updates on the evolution of work and staff in these DGs;

    10.  Recognises the need for more political decision-making based on evidence and facts; takes note of the budget of EUR 16,75 million to strengthen Parliament’s administrative capacity in supporting Members in their parliamentary work and reinforcing its capacity to navigate complexity and uncertainty;

    11.  Stresses the crucial role of political groups in providing expertise and political support to Members in their legislative and parliamentary work; underlines the need to ensure the important objective of strengthening Parliament’s capacity to support the work of Members;

    Digital transition

    12.  Underlines that Parliament’s cybersecurity is a key priority; notes that the overall IT budget represents 7,40 % of the total budget in the 2026 estimates; stresses the importance of a sound cybersecurity infrastructure in geopolitically turbulent times and welcomes the increase in the appropriations dedicated to cybersecurity; supports the planned gradual increase of the cybersecurity financial appropriations to 10 % of Parliament’s ICT budget by 2027;

    13.  Welcomes the adoption by the Bureau on 10 February 2025 of the Framework on an internal cybersecurity risk management, governance and control framework; recalls that investments in cybersecurity are key to protect the democratic voice of the Parliament and the Union;

    14.  Welcomes investments in Artificial Intelligence (AI) amounting to EUR 1 million; calls for the use of AI to be increased in order to gain efficiencies, while keeping in mind the related risks, including ethics and data protection; highlights the potential of AI to streamline administrative processes; stresses that AI deployment must balance innovation with necessary safeguards; notes that the development of AI will be closely monitored in line with the principles established by the Bureau, which include among others a thorough risk assessment with the use of new technologies; calls the Secretariat to provide solutions, such as applications and tools, to be made available to Members and staff as soon as possible;

    Green transition

    15.  Welcomes Parliament’s environmental management system (EMAS) targets for 2025-2029; recalls that energy efficiency investments are a good method of achieving value for money; takes note of the budget of EUR 8,45 million for investments on energy efficiency and environment in the 2026 estimates to further improve the environmental performance of its buildings; notes that this corresponds to an increase of 74 % compared to 2025 budget; acknowledges however, that these environmental actions are part of the 2007 ‘Construction of building and fitting out of premises’ budget line whose grand total has decreased by EUR 3,7 million in 2026 vs 2025;

    16.  Recalls that nearly two-thirds of Parliament’s carbon footprint originate from the transportation of people; calls for a reasonable decrease of travel for meetings that can be effectively conducted remotely or in hybrid mode and to promote a shift to low carbon alternatives for all remaining travel, in so far as this does not affect the quality of legislative and political work;

    17.  Takes note of the projected increase in carbon credits prices, that with the current emissions levels would need an estimated EUR 900 000 for 2026; calls the administration to continue decreasing, in line with sound financial management, Parliament’s emissions over buying carbon credits; welcomes the introduction of an enhanced train offer for missions to Strasbourg as of July 2025, as a positive step towards reducing CO2 emissions;

    18.  Notes that Parliament has installed and is continuing to install photovoltaic solar panels to further increase the share of renewable energy produced on-site to reach the target of 25 %; takes note of the answers provided by the Secretary-General to Parliament’s estimates of revenue and expenditure for the financial year 2024 pointing out that a study on the use of photovoltaic panels for Strasbourg buildings was carried out in 2022 and was completed in 2023 and that further studies were to be conducted in 2024 for viable solutions, in particular for the WEISS building;

    Multilingualism, communication and disinformation

    19.  Highlights that multilingualism is a key principle on which Parliament’s work is based; takes note of the revision of the Code of Conduct on Multilingualism planned for spring 2025; asks that, where appropriate, Parliament capitalise on major technological evolutions in multilingualism-related services, including the development and use of AI; asks the Secretary-General to timely inform the Committee on Budgets on any budgetary impacts following this revision;

    20.  Highlights the role played by European Parliament Liaison Offices (EPLOs) in countering foreign interference and disinformation; takes note in that regard of the work of EPLOs proactively promoting the work of Parliament in their local languages across multiple channels; highlights EPLOs’ role in the UK as the main contact point for Union nationals resident in the UK, providing them with information about the Parliament and encouraging them to vote in the European elections; requests the Bureau to expand the production and dissemination of communication materials in an accessible and inclusive manner;

    21.  Highlights the low participation rate of young people in the recent European elections in some regions of the Union and Parliament’s role in strengthening EU citizenship education;

    22.  Recalls the importance of the European Parliament Ambassador School programme to promote active engagement among young Europeans and of the training programme for young journalists named in honour of David Sassoli to strengthen the understanding of the Union and its functioning amongst journalists, as the best antidote against disinformation, in light of recent trends demonstrating a worrying decline in media freedom and independence across the Union;

    23.  Recognises the importance of visitors groups as an important tool to connect citizens with the work of Members; welcomes in that regard the increase of the ceilings and cost factors for the calculation of the financial contribution to sponsored visitors as from 1 January 2025; requests the Bureau to assess the impact of the revised rules related to visitors groups in relation to travel costs taking into account market fluctuation and to avoid indirect geographical discrimination for visitors; notes that about 15 % of the quota for visitors is historically not being used by Members; calls the Secretary-General to propose to the Bureau to make the unused quota available to interested Members; notes that the budget for visitors groups represents 22 % of the overall budget of the Directorate-General for Communication;

    24.  Notes with concern the internal rules governing Members’ visitor groups, which result in 30 % of the up-front costs having to be incurred by Accredited Parliamentary Assistants (APAs) in some circumstances; stresses the impracticability of these rules and the financial burden this places on APAs; takes note of the answers provided by the Secretary-General to Parliament’s estimates of revenue and expenditure for the financial year 2024 in regard to the rationale of the two-step approach; understands the rationale but emphasises the growing challenges this presents for APAs, particularly with the continuous shift towards more stringent rules;

    25.  Stresses the increasingly challenging communication landscape and the multiple ways in which political communication should be performed, including through engaging in various social media platforms and other media; underlines the need for the political groups to convey and communicate their message across all Member States as a key principle of a well-functioning European democracy;

    Infrastructure

    26.  Acknowledges the new approach related to buildings, where, after a period of acquisition, Parliament has entered an era of consolidation of buildings, taking into account sustainability, accessibility and mobility of Members and staff;

    27.  Takes note that EUR 4 million are included in the 2026 estimates for studies and the contractor’s preparatory works related to the SPAAK building renovation while the overall costs are estimated at EUR 36 million; notes therefore that EUR 32 million of costs related to the SPAAK building renovation are not included in the 2026 estimates; notes that the Secretary-General intends to cover these costs by a mopping-up transfer or the use of a loan; requests the Secretary-General to provide the Committee on Budgets with detailed information on a possible loan to cover these costs, in accordance with Article 272 (6) of the Financial Regulation, as soon as possible as well as the full planning of the works including the planning of the costs; insists that costs not directly linked to the renovation works should also be clearly listed and budgeted; notes that as of December 2024, the direct costs of the SPAAK project amount to EUR 14,12 million;

    28.  Welcomes the pilot project of DG INLO aimed at removing legionella from the pipeline sanitary system of the Parliament and highlights that the only effective way to fight the further spreading of legionella is to bring the water temperature inside the pipelines to 55 degrees Celsius for a limited time;

    29.  Notes that it is planned to invest EUR 11,45 million in Europa Experiences in 2026; takes note of the decision by the Bureau in November 2024 to revise the concept of Europa Experience and expects the revised concept to be more cost-efficient and more attractive to visitors; regrets that there are still no Europa Experiences in Bucharest, Riga, Madrid, Lisbon, Nicosia, Valletta or Vilnius; calls for the establishment of Europa Experiences in all Member States as soon as a revised concept has been established; recalls that Europa Experiences should allow citizens to have a better understanding of the functioning of the Union and learn about our shared values; reiterates therefore that Europa Experiences are an integral part of Parliament’s ongoing engagement with Union citizens;

    30.  Takes note that no additional financing is needed for the opening of Parliament offices in Moldova and the Western Balkans, as these would be set up within EEAS premises; stresses the importance of Parliament’s presence in these countries as a sign of European solidarity and a sign of Parliament’s commitment to the accession process;

    31.  Takes note of the early termination of the contract with the previous provider of the Crèche Wayenberg after a number of serious allegations against the contractor; welcomes the agreement with a new provider that foresees better working conditions of the nursery staff and better quality of the service for the children; acknowledges, however, that this results in an increase of the budget necessary for this purpose, but emphasises that decent working conditions for external staff should, where relevant, be a priority consideration in public procurement of Parliament as a matter of principle;

    32.  Reiterates the need for high quality nursing rooms in Parliament’s premises and calls on the competent services to upgrade the current facilities in terms of equipment, space and accessibility in order to make them child-friendly; calls for an impact assessment on the need for a family room within the premises of the Brussels seat of the Parliament, for children of Members without permanent residence in Brussels, mirroring the arrangements in Strasbourg;

    Others

    33.  Reiterates its request, adopted at Plenary level at several occasions, for the relevant bodies to reflect on a solution enabling Members to exercise their right to vote remotely, during benefiting from maternity or paternity leave, during a certified long-term illness, taking advantage of the lessons learnt during the pandemic on the technical aspects of this voting method;

    34.  Reaffirms its call for the Secretary-General to emphasise the fundamental principle that all recruitment should be based on competency while also ensuring geographical balance among all Member States at every staff level; calls on Parliament to build its own outreach capacity, with the goal of attracting to competitions quality candidates that Parliament needs, in terms of profile, age, gender and nationality and especially from under-represented countries; underscores that achieving fair geographical representation is essential to fostering a genuinely European public service; notes that Parliament has consistently taken measures to support this objective, including the organisation of nationality-specific competitions while maintaining a strict merit-based selection approach;

    35.  Believes that Parliament should lead by example concerning the rights of persons with disabilities, both as an employer and as a public institution; welcomes Parliament’s policy aiming to ensure the fully independent use of Parliament buildings by persons with disabilities and supports further measures and adaptations that will be necessary in this regard; notes that the budget foresees EUR 3,7 million for this purpose;

    36.  Stresses the fact that Parliament having a single seat could reduce the financial and environmental costs; recalls that, according to the Treaty on European Union, Parliament is to have its seat in Strasbourg; notes that permanent changes would require a Treaty change for which unanimity is needed;

    37.  Notes that mission expenses of Members and staff amount to EUR 116 million in Parliament’s budget; calls for Parliament’s bodies to reflect on mission practices and a revision of mission rules and practices with the overall aim of continuing to improve the nature of missions and further diminishing the associated financial and environmental costs; encourages Members to use low-carbon transport alternatives and advocates for responsible and measured use of best-value flights options, and the preference for train travel where it is a viable option;

    38.  Takes note that Article 46(2) of the Implementing Measures for the Statute for Members of the European Parliament provides for the possibility to finance extra costs linked to the parliamentary assistance budgets with appropriations from their General Expenditure Allowance (GEA); calls on Parliament’s administration to take the necessary measures to enable Members who wish to do so to use their GEA to cover the cost of APA missions; highlights that such a measure would address increasing costs in Members’ offices while being budgetary neutral;

    39.  Calls on the Bureau not to index the GEA and not to grant GEA to former Members, thus allowing for significant savings in the statutory costs;

    40.  Calls on the Bureau to revise the rules and to introduce a cooling-off period for former Members during which they cannot engage in lobbying or representational activities with the Parliament equal to the time during which Members receive a transitional allowance;

    41.  Recalls that Parliament has consistently voted in Plenary since 2018 to consider lifting the overall ban on APAs participating in official delegations and missions; regrets that the Conference of Presidents’ decisions of March 2025 on the Implementing provisions governing the missions outside the three places of work of the European Parliament did not align with Plenary’s call; maintains its position that APAs should be allowed, under certain conditions, to accompany Members on official delegations and missions; calls on its relevant bodies to amend the relevant articles of its internal rules to allow the participation of APAs in official missions and delegations outside Parliament’s three places of work without further delay;

    42.  Welcomes the work of the APA Committee which represents around 2 000 APAs, whose work is crucial to the smooth operation of the MEP’s daily activities; notes the earmarking of EUR 10 000 in order for the APA Committee to fulfil its role and ensure sufficient resources to effectively support and properly represent the APAs;

    43.  Welcomes the exceptional 10 % increase in scholarships for each trainee in 2026, budgeted for EUR 1 million in 2026 to help them cope with growing housing costs in Brussels and Luxembourg;

    44.  Expects that requests voted by the Plenary should be treated by the responsible bodies as a matter of high priority;

    o
    o   o

    45.  Adopts the estimates for the financial year 2026;

    46.  Instructs its President to forward this resolution and the estimates to the Council and the Commission.

    (1) OJ L 433 I, 22.12.2020, p. 11, ELI: http://data.europa.eu/eli/reg/2020/2093/oj.
    (2) OJ C 444 I, 22.12.2020, p. 4.
    (3) OJ C 445, 29.10.2021, p. 252.
    (4) OJ L 325, 20.12.2022, p. 11, ELI: http://data.europa.eu/eli/reg/2022/2496/oj.
    (5) OJ L, 2024/765, 29.2.2024, ELI: http://data.europa.eu/eli/reg/2024/765/oj.
    (6) OJ C 445, 29.10.2021, p. 240.
    (7) OJ C 177, 17.5.2023, p. 115.
    (8) OJ C, C/2024/1195, 23.02.2024, ELI: http://data.europa.eu/eli/C/2024/1195/oj.
    (9) OJ C, C/2024/6751, 26.11.2024, ELI: http://data.europa.eu/eli/C/2024/6751/oj.
    (10) OJ L 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj.
    (11) OJ L 433 I, 22.12.2020, p. 28, ELI: http://data.europa.eu/eli/agree_interinstit/2020/1222/oj.
    (12) OJ L, 2025/31, 27.2.2025, ELI: http://data.europa.eu/eli/budget/2025/31/oj.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Crane back in business – with a little help from Spot the robot

    Source: United Kingdom – Government Statements

    News story

    Crane back in business – with a little help from Spot the robot

    Spot, the robot “dog,” recently assisted colleagues in Dounreay’s Fuel Cycle Area by reactivating a crucial building crane in a reprocessing plant.

    The crane had been deactivated at the switchboard in 2023 due to concerns about the ageing asset. Safety restrictions prohibited human interaction with the switchboard, which further delayed its reactivation. However, the facility required the crane for waste shipment and for ongoing decommissioning efforts.

    Following consultations with the innovation team, it was decided to use Spot for the task. As the site’s Spot was not equipped with an “arm” handling device, the team asked the Robotics and Artificial Intelligence Collaboration (RAICo) for support. RAICo — a collaboration between UK Atomic Energy Authority, Nuclear Decommissioning Authority, Sellafield Ltd, and the University of Manchester —specialises in solving shared nuclear decommissioning and fusion energy challenges by accelerating the use of robotics and AI in the industry, and has previously worked successfully with Dounreay on various projects.

    Robotics experts from RAICo brought Spot to the site and worked with the Dounreay team to devise the best approach. After conducting a week of trials on a non-live switch mock-up in a nearby substation storeroom, the team confirmed that Spot could push the switch into the “on” position.

    In an unprecedented manoeuvre, Spot used a gripped pole to flip the switch, successfully restoring power to the crane. A loud “clunk” marked the operation’s success.

    Senior Facility Manager Suzy Nellies said:

    Thanks to outstanding teamwork between the decommissioning team, RAICo, our colleagues in Works Control, and the electrical team, we have achieved an excellent outcome. We can now proceed with modernising the crane to bring it back into full service.

    Kate Canning, NDA’s Head of R&D added:

    This is a fantastic example of collaboration through RAICo leading to acceleration of deployment of robotic technology to unlock a real-world challenge in an efficient and safe way. It’s supporting us to keep our people out of harm while developing them, transferring specialist knowledge and skills across our group.

    Updates to this page

    Published 7 April 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Bipartisan Problem Solvers Caucus Endorses Salazar’s TAKE IT DOWN Act

    Source: United States House of Representatives – Congresswoman María Elvira Salazar’s (FL-27)

    strong>(Washington, D.C.) –  Yesterday, the bipartisan Problem Solvers Caucus announced its endorsement of H.R. 633, the TAKE IT DOWN Act, a bipartisan piece of legislation to protect victims of real and deepfake revenge pornography. The bill unanimously passed in the Senate in February 2025 and is scheduled for a markup in the House Energy and Commerce Committee next week. 

    Rep. Salazar reintroduced this bill in January and is leading the effort in the House of Representatives to get it signed into law. President Trump endorsed the TAKE IT DOWN Act during his most recent address to Congress. You can see his remarks hereFirst Lady Melania Trump has also been a strong advocate for the TAKE IT DOWN Act and hosted a roundtable on Capitol Hill last month to advocate for the legislation and call for a vote in the House. You can see Rep. Salazar’s remarks at the roundtable here

    “My TAKE IT DOWN Act will finally give innocent victims real protection from online exploitation. Websites and platforms like Snapchat, Instagram, and TikTok must remove fake, compromising pornographic images within 48 hours or face consequences. No more inaction. No more excuses: if you exploit an innocent child, you will face jail time,” said Congresswoman María Salazar (FL-27).

    “The increasing use of artificial intelligence to create and circulate deep fake pornography threatens the mental and emotional health and financial security of its victims, primarily women. Perpetrators have used deep fake pornography as a tool to harass, humiliate, and intimidate women online, often in response to them speaking out or advocating for themselves. This is a serious and growing issue I’m deeply concerned about. I’m proud the TAKE IT DOWN Act has been endorsed by the Problem Solvers Caucus, and I look forward to working with my colleagues on this urgent, bipartisan priority,” said Congresswoman Debbie Dingell (MI-06).

    “In an age where personal privacy can be violated with a click, the TAKE IT DOWN Act provides a much-needed federal safeguard. This legislation addresses both non-consensual intimate imagery and the insidious rise of AI-generated deepfakes, establishing a clear legal standard: victims have the right to have these exploitative images removed, and perpetrators will be held accountable. It is a commonsense and essential measure to protect Americans, empower survivors, uphold justice, and align our laws with the challenges of the digital era,” said Problem Solvers Caucus Co-Chair Congressman Brian Fitzpatrick (PA-01).

    “The publication of sexually exploitative images—including AI-generated deepfakes – is a terrifying and destructive part of the digital age,” said Problem Solvers Caucus Co-Chair Congressman Tom Suozzi (NY-03). “I applaud the First Lady for bringing attention to this issue, and the Problem Solvers Caucus will work with her across party lines to pass the TAKE IT DOWN Act to address these reprehensible acts. Let it be the first of many actions we take in this Congress to get things done.”

    “Congress must make sure there are protections in place, especially for minors, as technology rapidly evolves. The TAKE IT DOWN Act will make sure that when individuals are victimized and inappropriately distorted through AI, they have strong mechanisms to take action and remedy such traumatic situations,” said Congressman Chuck Edwards (NC-11).

    “As a member of Congress, I’m pleased to be joining as a co-sponsor of the TAKE IT DOWN Act, a vital step in safeguarding the dignity and safety of individuals, particularly our most vulnerable. This legislation ensures the swift removal of harmful content and holds perpetrators accountable, prioritizing the protection and well-being of those affected by deep fakes and non-consensual intimate imagery,” said Congressman Henry Cuellar (TX-28).

    More information about the TAKE IT DOWN Act can be found here.

     The full text of the bill can be found here.

    MIL OSI USA News

  • MIL-OSI: Trident Deepens Partnership with Democratic Republic of Congo for Digital Identity System

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 07, 2025 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (NASDAQ: TDTH) (“Trident” or the “Company”), a Singapore-based leader in digital transformation, technology optimization, and Web 3.0 activation, today announced progress in its pioneering public-private partnership (PPP) with the Democratic Republic of Congo (DRC). This follows a series of engagements in the country during a recent delegation led by Soon Huat Lim, Founder, Chairman, and Chief Executive Officer of Trident, showcasing the transformative potential of the Company’s digital identification technology.

    On March 15th, 2025, a significant moment took place in Kinshasa as H.E. Augustin Kibassa Maliba, DRC Minister of Posts, Telecommunications, and Digital Technology, initiated the validation phase of the collaboration. At the event, Minister Kibassa detailed the government’s commitment to driving the initiative forward, including embedding the technology into public and private services, launching a nationwide awareness and training program, enhancing technological infrastructure with sovereign cloud systems and secure data centers, and promoting local innovation by empowering startups and digital stakeholders to strengthen the digital ecosystem.

    Caption: Trident CEO Soon Huat Lim at the project validation work launch in Kinshasa, DRC, on March 15, 2025.

    Mr. Lim joined the event and highlighted the transformative power of this secure digital identity solution: “This initiative will transform all sectors of our economy by reducing identity fraud and cybercrime to protect our digital future, revolutionizing public administration through less bureaucracy and greater transparency, accelerating financial inclusion by providing millions of unbanked citizens access to banking services and digital payments, facilitating student identification, online learning, and academic verification in education, and enabling better healthcare access with secure medical records.”

    With validation efforts underway, Trident and the DRC government are set to deploy a secure, inclusive digital identity system that promises transformative opportunities for Congolese citizens, delivering significant impact such as the creation of over 30,000 direct and indirect jobs in digital technology, cybersecurity, administration, and services; a 40% increase in financial inclusion, enabling millions to access banking and digital services; a 50% reduction in administrative delays to enhance the efficiency and accessibility of public services; stimulation of economic growth through facilitated cross-border trade and investment; and, improved social protection and public services via secure digital identification for healthcare, education, and social assistance.

    Minister Kibassa reinforced this outlook, emphasizing the project’s profound significance. He noted that this stands as a revolutionary step toward enhancing governance, inclusion, and transparency, serving as a vital foundation for economic transformation under the leadership of His Excellency President Félix Tshisekedi and Her Excellency Prime Minister Judith Suminwa, according to Minister Kibassa’s remarks.

    “Thanks to the cutting-edge technologies such as Web 3.0 blockchain, artificial intelligence, biometrics, and zero-knowledge proofs, Trident will redefine trust in digital interactions. This is more than a tool—it’s a catalyst for transformation across the nation and the continent,” adds Lim.

    Throughout his visit in the DRC, Lim also met with government officials, local innovators, and business leaders to foster collaboration and cultivate the digital ecosystem. He reaffirmed Trident’s commitment to empowering Congolese startups and digital enterprises, ensuring the project drives local economic growth while establishing the DRC as a leader in Africa’s digital revolution.

    About Trident Digital Tech Holdings Ltd
    Trident Digital Tech Holdings Ltd (NASDAQ: TDTH), headquartered in Singapore, is a global leader in digital optimization, technology services, and Web 3.0 activation. The Company delivers cutting-edge digital solutions to enhance client experiences and promote digital adoption. Its flagship product, Tridentity, is a blockchain-based identity platform offering secure single sign-on authentication for integrated third-party systems across industries. Designed with unparalleled security features, Tridentity protects sensitive data and mitigates threats, heralding a new era of trust in the global digital landscape. Beyond Tridentity, Trident aims to lead Web 3.0 activation worldwide, connecting businesses to reliable, tailored, and optimized technological platforms.

    Media Relations

    Brad Burgess, SVP
    ICR, LLC
    Email: Brad.Burgess@icrinc.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f9be26d-abe5-42cf-8cd9-51768931bbe8

    The MIL Network

  • MIL-OSI Russia: Polytechnics’ reports recognized as the best at the conference of young scientists

    Translartion. Region: Russians Fedetion –

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

    The XXVII Conference of Young Scientists “Navigation and Traffic Control” with international participation was held in Saint Petersburg. At the conference, Polytechnic University was successfully represented by 4th-year students Nikolay Kiz and Georgy Makarov from the Institute of Mechanical Engineering, Materials and Transport of SPbPU, studying in the field of “Mechatronics and Robotics”.

    The conference was held at the State Scientific Center of the Russian Federation JSC Concern TsNII Elektropribor and brought together students and postgraduates from Russia, Belarus, Kazakhstan, China, Vietnam and Syria. The program featured more than 120 reports, divided into nine sections.

    Students of the Higher School of Automation and Robotics Nikolay Kiz and Georgy Makarov spoke in the sections “Integrated inertial and satellite systems” and “Artificial intelligence technologies in navigation and traffic control problems”. Nikolay presented a report on the topic “Research and development of a calibration algorithm for a four-diode sensor for the orientation of a small spacecraft”, and Georgy – “Detection of road obstacles on a digital terrain model”. Following the conference, their work was recognized as the best in the sections.

    For Georgy and me, this conference was the first such experience, so the result surprised us both. It is very nice that the experts appreciated our reports. This experience will certainly help in the upcoming defense of the diploma work, so the presentation at the conference can be considered excellent training, – Nikolay noted.

    The conference of young scientists marked the beginning of my scientific career. Nikolay and I really liked the level of organization on the part of the Central Research Institute “Elektropribor”, the involvement of the participants. All the reports were informative and interesting. Winning in the nomination will serve as a good incentive to conduct further research in satellite systems and artificial intelligence, – said Georgy.

    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 United Kingdom: Consultation launched to cut red tape for asset managers and boost growth

    Source: United Kingdom – Executive Government & Departments

    News story

    Consultation launched to cut red tape for asset managers and boost growth

    Red tape will be cut for asset managers, as the Chancellor goes further and faster to drive growth through the Plan for Change.

    • Consultation launched to simplify regulation for Alternative Investment Fund Managers.

    • Changes are expected to save asset managers time and money, while enhancing the UK’s appeal as a premier destination for capital management.

    • Continues action to cut red tape and reduce the burden of regulation on businesses, to go further and faster to drive growth and put more money into people’s pockets through Plan for Change.

    Following the Prime Minister’s commitment to cut the administrative cost of regulation on business by a quarter last month, the Treasury will consult on changes to rules governing Alternative Investment Fund Managers (AIFMs). 

    It will be focused on removing unnecessary barriers to investment by making rules less onerous for AIFMs. This will save asset managers millions in time, money and resource – while freeing them to help the UK’s most exciting businesses scale up, grow and create jobs. 

    Emma Reynolds, Economic Secretary to the Treasury, said: 

    We want to bring security to working people by going further and faster to drive growth through our Plan for Change. 

    That means making Britain the number one place to do business and tearing down unnecessary barriers to investment, such as costly regulation that prevents asset management firms from growing and provide capital for businesses across the country to grow. 

    Simon Walls, Interim Executive Director of Markets at the FCA, said:

    We want rules, better tailored to UK investment managers. These could allow them to operate more efficiently, further supporting competition, competitiveness and economic growth.  

    It’s part of our wider work to streamline the regulatory regime for asset managers, to support the continued competitiveness of our world-leading financial services as outlined in our new strategy. 

    Michael Moore, Chief Executive of the British Venture Capital Association, said: 

    We welcome the government’s consultation on developing a simpler and more competitive system for alternative investment fund managers (AIFMs). More effective, less burdensome regulation will make the UK private capital industry more globally competitive and help it to boost investment from the UK and international investors into growing British businesses.   

    This consultation is an important step in securing the UK’s status as one of the world’s leading private capital hubs. We look forward to engaging on the principles and the detail of the changes, but this provides the opportunity to create a real boost for the Government’s growth mission by developing the UK’s private capital fund ecosystem and increasing inward investment in UK SMEs. 

    Together with the FCA we plan to refresh outdated regulatory thresholds. The consultation will take place over the next 9 weeks, providing hedge funds, private equity firms, and investment trusts the opportunity to contribute to the development of a more streamlined regulatory environment.  

    Currently, firms face a suite of new regulatory burdens once they hold 100 million euros in assets, which can discourage some firms from growing and financing more investment across the country.

    This inadvertent cliff edge means that smaller asset management firms immediately have to sign up to the same rules as the biggest firms once they reach this threshold, bringing about large costs.  

    The consultation aims to create a more graduated regime, where only the largest firms – with the value of over £5 billion are subject to the full scope of requirements, with the majority of firms subject to much less prescriptive rules, helping to reduce admin costs for those businesses. 

    Once the consultation has concluded, feedback from the asset management sector will be used to design draft legislation which will then be shared with asset management businesses next year. 

    Further information

    Updates to this page

    Published 7 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Virtual asset policy to be updated

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan

    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.

    HK: 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 & Futures Commission has already issued 10 VATP licences. We have also authorised VA (virtual asset) 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 & 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 VAs. 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.

    Financial Secretary Paul Chan gave these remarks at the Hong Kong Web3 Festival on April 7.

    MIL OSI Asia Pacific News

  • MIL-OSI China: China to speed up eco-monitoring digitalization

    Source: China State Council Information Office 2

    An aerial drone photo taken on Oct. 21, 2023 shows a view at Lulin lake in Lushan City, China’s Jiangxi province. [Photo/Xinhua]
    China’s Ministry of Ecology and Environment has unveiled a plan to further transform the country’s national ecological monitoring network into a digitized and smart system.
    By 2027, China aims to explore a new generation of monitoring networks in key regions, utilizing advanced technologies such as unmanned maintenance and smart sampling, with standardized monitoring operations being carried out nationwide, according to the plan.
    By 2030, China’s eco-environment monitoring network system will be systematically revamped to include an integrated aerial, terrestrial and maritime monitoring network, along with a basically established “smart brain,” it said.
    The move marks a concrete step toward digitalized and smart environmental monitoring, said Jiang Huohua, head of the ministry’s ecological and environmental monitoring department.
    Air and water monitoring will be updated with unmanned operations, as well as smart sampling and analysis. Additionally, biodiversity tracking will leverage advanced smart equipment such as infrared cameras and bird sound recorders to achieve over 85 percent accuracy in species identification.
    In terms of noise monitoring, urban sound environment monitoring equipment will not only be able to track decibel levels but also identify sources of the noise, according to Jiang.
    New technologies like artificial intelligence and satellite remote sensing will play increasingly significant roles in China’s eco-environmental monitoring, with policies rolled out to develop environmental protection robots and remote-operation equipment, he told a press conference last month.

    MIL OSI China News

  • MIL-OSI United Kingdom: Passenger experience put first in multimillion pound competition driving rail innovation

    Source: United Kingdom – Executive Government & Departments

    Press release

    Passenger experience put first in multimillion pound competition driving rail innovation

    The First of a Kind competition boosts innovation on the railways, improving passenger experience through cutting-edge technology.

    • £5 million government funding drives pioneering technology to improve passenger experience, encouraging more people to choose rail and supporting economic growth as part of the Plan for Change
    • First of a Kind competition will support projects that can offer level boarding, greener transport, passenger safety and AI solutions
    • previous winners’ projects are already being used on the railways improving efficiency, safety and reliability

    Delivering on its promise to put passengers first, the Department for Transport (DfT) has made £5 million funding available to winning projects as part of the First of a Kind (FOAK) competition.

    Opening today (7 April 2025), in partnership with Innovate UK, the First of a Kind competition offers grant funding for innovative projects to be tested on the railway, to give them a better chance at being bought by train operators, freight companies and Network Rail. This will help to deliver better services for passengers, encouraging more people to take the train and supporting growth as part of the government’s Plan for Change.

    For the first time since starting the competition, Innovate UK consulted closely with industry to identify the top challenges it faces. Given the clear direction of the Transport Secretary to put passengers at the heart of every journey, this year’s competition will be funding projects that focus on:

    • passenger experience, particularly improving safety through reporting tools that could help reduce violence against women and girls and anti-social behaviour
    • accessibility, including level boarding
    • artificial intelligence (AI) and data collection, for example, prevention and recovery of rail bridge crash incidents
    • greener railways, using AI to drive sustainability and reduce waste

    Level boarding – meaning passengers who need assistance can board unaided – is one of the key issues that mean disabled people need assistance to get from street to seat. Accessibility is a core priority for this government and will be a central mission for Great British Railways and FOAK funding will help make these improvements happen.

    Everyone should feel confident they will be safe when travelling by train. The government’s Plan for Change commits to cracking down on anti-social behaviour, raising standards and driving up confidence in the police. DfT is driving this forward by funding projects that will address safety on the railways, for example, tools to report anti-social behaviour, or addressing challenges that influence travel choices for example violence against women and girls stopping women from taking trains late at night.

    Rail Minister, Lord Peter Hendy, said:

    This competition addresses the biggest challenges facing the rail industry, taking cutting-edge technology and bringing it onto the railways by turning ideas into reality.

    This funding builds a platform for boosting innovation on the railway, giving new technologies a chance to succeed, supporting economic growth as part of the Plan for Change.

    We are creating a railway that works better for the people who use it and making lasting progress for passengers and freight by improving accessibility, safety and reliability to prevent disruption before it happens.

    This £5 million of government funding will help to address one of the key challenges organisations with new innovative ideas face, which is securing funding and being able to demonstrate that their projects work. The First of a Kind competition, over the 8 years it has been running, has provided £58 million of funding to 179 successful projects.

    For example, one successful project that’s already been widely taken up on the railways is Trains with Brains, an AI sensor onboard trains that monitors where maintenance on the tracks is needed and reports on infrastructure defects that need fixing, making the network safer, more efficient and more reliable.

    Another project, One Big Circle, using AI allowing users to monitor things like track conditions and electrical faults online, won the King’s Award for Innovation.

    The Secretary of State has also made strategic innovation one of the 5 areas of focus for Shadow Great British Railways, bringing together leaders of DfT, Department for Transport Operator and Network Rail. Work has already started with GBRX, an innovation body sitting under Network Rail challenging and changing the historically slow adoption of new innovations. GBRX is already convening industry and academia to collaborate more effectively and embrace new technology.

    Mike Biddle, Executive Director for Net Zero at Innovate UK, said

    The innovations sought through this competition will help create a more accessible, safer and efficient railway system throughout the UK.

    The competition highlights the importance of collaboration with industry partners to deliver high-maturity demonstration to ensure seamless integration into the existing railway infrastructure.

    Delivered by Innovate UK on behalf of the Department for Transport, the competition aims to identify and support outstanding, innovative solutions. In previous rounds, companies from across the UK have demonstrated the creativity and impact of their ideas through live demonstrations.

    The competition opens today and organisations will have until 28 May to submit their projects.

    Innovate UK will be hosting an online briefing event for potential participants tomorrow (8 April 2025) to explain how the competition works and how to apply.

    Rail media enquiries

    Media enquiries 0300 7777878

    Switchboard 0300 330 3000

    Updates to this page

    Published 7 April 2025

    MIL OSI United Kingdom

  • MIL-OSI: Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Mollie Mellows
    Tel.: + 44 (0)7342 709384
    E-mail: mollie.mellows@capgemini.com

    Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients

    Cairo, April 7, 2025 – Capgemini today announced it will establish an AI Center of Excellence (CoE) in Egypt focused on accelerating the generative and agentic AI transformation journeys of clients worldwide. Through this new cutting-edge AI hub, Capgemini will invest in research and development, collaborate with local academic institutions, and leverage technology partnerships to help accelerate client adoption of AI at scale. This initiative bolsters Capgemini’s strong ties with Egypt as a strategic innovation hub for global organizations. It also further cements Capgemini’s leadership in AI, reinforcing its commitment to developing talent, leveraging strategic industry partnerships, and accelerating AI-driven innovation to unlock significant value for clients.

    Capgemini is committed to driving continued growth and innovation in Egypt. By the end of 2025, it plans to double the number of employees in the country, reaching approximately 1200 highly talented professionals in the fields of digital transformation and innovation.

    The new AI hub will house a diverse team of architects, data scientists, product engineers, and project managers, expert in delivering transformative projects from business operations and design to engineering. Clients will benefit from the advantages of time zone alignment, multi-lingual skills, and ease of travel to this conveniently located Global Delivery Center.

    “The AI Center of Excellence in this strategic location allows us to support our clients in scaling AI within their own businesses, ensuring they remain at the forefront of innovation,” said Aiman Ezzat, CEO of Capgemini, on the occasion of the France-Egypt Investment Forum. “By investing in the region’s impressive talent and establishing this dedicated AI hub, we are not only fostering significant technological advancements but also creating a robust ecosystem for AI development. Our clients will benefit from enhanced service delivery, industry-specific solutions, and the unique advantages of being supported from Egypt.”

    With implementation starting in May 2025, the new AI hub will apply Capgemini’s deep industry-specific expertise to develop intelligent agents that are bespoke to highly regulated industries, such as energy, life sciences and aerospace. It is designed for clients to explore, design and implement cutting-edge technologies that can optimize operations and strategically transform their business, including supply chain and product innovation. By applying advanced algorithms and machine learning techniques, Capgemini will help clients across Europe, America, the Middle East, and Asia elevate customer experience to a strategic value driver.

    Hossam Seifeldin, CEO of Capgemini in Egypt, said “Egypt is experiencing an impressive growth trajectory, fueled by digitalization and exceptional talent in AI. I am excited to build on the strong foundation we have established in the region. Doubling our workforce and establishing this new AI Center of Excellence will not only drive cutting-edge innovation but also create valuable opportunities for local talent to thrive in a global arena.”

    About Capgemini

    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    Attachment

    The MIL Network

  • MIL-OSI: Himax Technologies, Inc. Schedules First Quarter 2025 Financial Results Conference Call on Thursday, May 8, 2025, at 8:00 AM EDT

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, April 07, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, May 8, 2025, at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company’s first quarter 2025 financial results.

    HIMAX TECHNOLOGIES, INC. FIRST QUARTER 2025 EARNINGS CONFERENCE CALL

    DATE:     Thursday, May 8, 2025
    TIME:     U.S.         8:00 a.m. EDT
          Taiwan    8:00 p.m.

    Toll Free Dial-in Number (Audio Only):                                              

    Hong Kong 2112-1444
    Taiwan 0080-119-6666
    Australia 1-800-015-763
    Canada 1-877-252-8508
    China (1) 4008-423-888
    China (2) 4006-786-286
    Singapore 800-492-2072
    UK 0800-068-8186
    United States (1) 1-800-811-0860
    United States (2) 1-866-212-5567

    Dial-in Number (Audio Only):  

    Taiwan Domestic Access 02-3396-1191
    International Access +886-2-3396-1191
    Participant PIN Code:   3300508 #

      

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 3300508 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on www.himax.com.tw. This webcast can be accessed by clicking on this link or visiting Himax’s website, where it will remain available until May 8, 2026. 

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email:  HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network

  • MIL-OSI: Nokia earns GigaOm Leader and Outperformer ranks for Data Center Switching solution

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia earns GigaOm Leader and Outperformer ranks for Data Center Switching solution

    • Nokia’s Data Center solution was recognized for its extensive hardware portfolio, operations and management, strong NetOps suitability and focus on AI capabilities
    • The Nokia Event-Driven Automation (EDA) platform earned high marks for its highly automated design, deployment and operations processes.
    • GigaOm evaluated nine leading Data Center switching vendors based on a comprehensive set of criteria

    7 April 2025
    Espoo, Finland – Nokia today announced that GigaOm has for the fourth straight year recognized the company as a Leader and Outperformer in the GigaOm Radar Report for Data Center Switching. Nokia’s Data Center Fabric solution, designed to deliver reliable, efficient, and scalable performance in data center and cloud environments, earned high marks for its extensive hardware portfolio, advanced operations and management capabilities, strong NetOps suitability, and dedicated focus on AI-driven features.

    GigaOm’s industry experts evaluated nine leading data center switching vendors across a comprehensive set of criteria. providing technology teams and executive leadership with a detailed decision-making framework for assessing data center switching solutions. Key metrics include hardware switch performance, software advancements for network operating systems (NOSs), and automation tools for designing, deploying and operating large-scale data center networks. GigaOm notes that data center switches are evolving to enhance these capabilities as enterprises transition to an ’application-first’ orientation and evolve to embrace AI-driven applications and use cases.

    Nokia’s comprehensive hardware portfolio supports port speeds ranging from 1 GbE up to 800 GbE and includes the 7250 IXR series of high-performance, high-density, modular and fixed-configuration platforms designed for data center spine deployments , the 7220 IXR series of high-performance, high-density, fixed-configuration platforms for data center leaf and spine deployments and the 7215 IXS platform for reliable out-of-band management.

    Designed to enhance and scale operations across the entire data center fabric lifecycle, the Nokia Event-Driven Automation (EDA) platform serves as a powerful operational toolkit and management system. Its highly automated approach to day0 design, day1 deployment, and day2 ongoing operations contributed to Nokia’s strong ranking.

    Nokia’s solution also earned high marks for SR Linux, its microservices-based NOS. GigaOm evaluated network operating systems based on their use of containerized microservices that handle network functions, as well as Large Language Model (LLM) integration, which enables natural language insights into the state of the network without relying on CLI commands or complex UI navigation.

    Nokia’s NetOps Development Kit (NDK) is cited as a differentiating feature, enabling networking teams to take advantage of the underlying model-driven architecture of SR Linux. Using the NDK, data center teams can develop new apps and operational tools in their chosen programming language and get deep programmatic access to, and control over, the entire IXR switching system.

    Nokia’s solution earned exceptional reliability scores, highlighting its strengths in failover handling, traffic rerouting, troubleshooting, repairs as well as disaster recovery in case of hardware failures or other incidents.

    “Nokia was classified as an Outperformer given its strong feature delivery in the last year, which resulted in strong score results across the report’s key and emerging features. The Nokia solution can be easily integrated into existing heterogeneous deployments, making it easy for organizations to ramp up their Nokia-based data center network deployments,” said Andrew Green, Analyst at GigaOm.

    “For the fourth year in a row, Nokia has been named a Leader and Outperformer in the GigaOm Radar Report for Data Center Switching—confirming that our Data Center Fabric solution delivers the reliability, ease of use, automation and energy efficiency our customers need. As businesses face massive growth, market shifts, and new opportunities like AI, we’re proud to help them stay ahead with technology they can trust,” said Rudy Hoebeke, Vice President of Product Management, IP Networks at Nokia.

    Multimedia, technical information and related news 
    Product Page: Nokia Data Center Networks
    Product Page: Nokia Event Driven Automation

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
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    The MIL Network

  • MIL-OSI: Driving the solar revolution in Africa together: EWIA Green Investments acquires SunErgy

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Driving the solar revolution in Africa together: EWIA Green Investments acquires SunErgy

    • Expansion into Cameroon
    • Diversification into the mini-grid and off-grid market
    • SunErgy shareholders join EWIA

    Munich, 7th April 2025. Two years after launching their collaboration on solar projects in sub-Saharan Africa, EWIA Green Investments GmbH (EWIA), SunErgy GmbH, and KGAL have decided to convert their partnership into a merger. Under the terms of a new agreement, EWIA will acquire all shares in SunErgy. In turn, SunErgy’s existing shareholders will take stakes in EWIA Green Investments GmbH.    The merger aims to establish a leading solar provider for Africa, overseeing projects from planning and financing to implementation.

    “Investments in solar and infrastructure drive growth and prosperity in Africa while countering the climate crisis,” said Ralph Schneider, Managing Director of EWIA. “Simultaneously, this market offers unparalleled potential for investors globally.”

    “With an average age of 19, Africa is not only the continent with the youngest population but also the one with the greatest growth opportunities,” emphasizes Dr. Alexander Ergenzinger, Investment Manager at SunErgy’s main shareholder KGAL, and Managing Director of SunErgy GmbH.

    600 million people on the continent still have to manage completely without electricity supply. In many African countries, high and steadily rising electricity prices, combined with frequent, prolonged power outages, pose a severe challenge to the economy and social stability. These outages must be compensated for with expensive diesel generators (costing approximately €0.50–0.80/kWh) – an unsatisfactory situation both economically and ecologically.

    Africa, the solar continent

    Due to its proximity to the equator and an annual sunshine duration ranging from 1,800 to 3,000 hours, sub-Saharan Africa boasts enormous potential for solar energy generation.

    SunErgy (https://sunergy-power.org/) was founded in Norway in 2010 and aims to provide communities in emerging markets with off-grid solar energy through small turnkey solar power plants that are connected directly to customers’ buildings via their own power grid, so-called mini-grids.

    Synergy thanks to SunErgy

    SunErgy complements EWIA’s business. To date, the company has focused on selling solar systems to commercial and industrial customers under a solar-as-a-service model tailored for medium-sized enterprises. EWIA manages the planning, financing, construction, and operation of these systems, which are designed to largely self-finance through cumulative savings on diesel and grid electricity costs for customers. Geographically, operations have centred on Ghana and Nigeria. Following the acquisition, EWIA now employs 76 people.

    Mini Grids for villages in Cameroon

    SunErgy’s activities have so far been organized through SunErgy GmbH in Germany and its two subsidiaries in Cameroon, SunErgy Ltd. and 2 Mites Ltd. SunErgy Cameroon is responsible for the construction and operation of solar power plants in Cameroon, as well as for building solar power plants in other African countries. In September 2014, the company signed an agreement with the Republic of Cameroon to supply solar power to 92 villages in the southwest region, encompassing approximately 115,000 families (600,000 people), as well as schools, health centres, and private and public enterprises. Twelve municipalities have now been electrified through the construction of mini-grids.

    “The merger of EWIA and SunErgy is a meaningful step toward realising our strategy of becoming one of the leading providers of solar solutions for sub-Saharan Africa,” affirms Ralph Schneider. “In addition to geographical expansion and diversification into the stand-alone solutions market, another crucial factor is that, with shareholders like KGAL, we gain established and experienced investors and investment professionals with proven expertise in the infrastructure sector, which constitutes a substantial enhancement.”

    “KGAL has been providing investors with investment strategies in the renewable energy sector for over 20 years,” adds Michael Ebner, Managing Director of Asset and Portfolio Management at KGAL. “We are pleased to entrust SunErgy to EWIA and support the company’s continued growth. The African renewable energy market offers impact investors a wide array of opportunities.”

    About EWIA Green Investments

    EWIA provides small and medium-sized businesses in Africa with access to clean solar energy and serves as a bridge builder to investors in Europe as well as for the transfer of technology know-how. Based in Munich, Germany, with operating entities in Ghana and Nigeria, EWIA offers private and institutional investors access to attractive impact investments in the fight against climate change and for sustainable economic growth in Africa. With EWIA’s flexible full-service financing solution, companies in Africa have the opportunity to obtain solar power, financing, security and service from a single source. In the infrastructure sector, EWIA funds and constructs mobile phone communication masts and traffic monitoring systems and equips them with PV systems.

    www.ewiainvestments.com + + + https://ewiafinance.de/

    Contact for queries:

    EWIA Green Investments GmbH
    Ralph Schneider, CEO
    ralph.schneider@EWIAinvestments.com
    +49 162 1366 984

    Schwarz Financial Communication
    Frank Schwarz
    schwarz@schwarzfinancial.com
    +49 611 58029290

    About KGAL

    KGAL is a leading independent investment and asset manager with over €15 billion in assets under management. The company specialises in long-term real asset investments for institutional and private investors across real estate, sustainable infrastructure, and aviation. Founded 56 years ago, the Europe-wide group is headquartered in Grünwald near Munich. Its 396 employees contribute to achieving sustainably stable returns by accounting for risk and return (as of December 31, 2024).

    www.kgal.de

    Contact for queries:

    KGAL GMBH & Co. KG
    Markus Lang, Head of Marketing & Communications
    markus.lang@kgal.de
    +49 89 64143-307

    Attachment

    The MIL Network

  • MIL-OSI Australia: Dog poop business gets off the ground

    Source: Northern Territory Police and Fire Services

    Rachel Hawes with Milo, a Schnauzer and Angus, a West Highland Terrier

    Rachel Hawes, founder of innovative dog poop waste collection product Pupoon, didn’t think her dog poop problem was the kind of product an Innovation Connect (ICON) grant would fund.

    But in 2022, Rachel received an ICON grant for $25,000 in matched funding from the Canberra Innovation Network (CBRIN).

    “I couldn’t have created the Pupoon without the funding. As a working mother of three, I didn’t have that kind of money to invest in a product to scoop up dog poop,” she said.

    Even though Rachel says she’s never had so much fun talking about dog poop, dog waste in Australia is an issue.

    “Australia is home to more than 6 million dogs, and they all need to poop 1–5 times a day. That’s a whopping 744,000 tonnes of dog poop in Australia every year,” she said.

    “Dog poop is full of bacteria, and studies show that only around 40 per cent of dog walkers pick up their dog poop. That leaves around 300,000 tonnes of poop lying on footpaths, streets, parks and to be washed away into our waterways, beaches, rivers or left to decompose.

    “A lot of people think the answer is to provide more public bins, but bins need to be serviced, and then you have the problem of bins accumulating a lot of dog poop, and becoming awfully smelly.

    “I think the solution is in providing a product that makes it easier for dog owners to collect their dog poop and take it home with them.”

    This innovative solution came to Rachel when she was walking her beloved dogs, Milo, Baxter and Angus, in Isaacs Ridge.

    “I love walking, it’s my thing,” she said. “It’s the only time I get for myself as a busy working mum. But the joy was getting sucked out of it when I would be collecting up to five bags of dog poop each walk.

    “I kept thinking there has to be a better way, this is so gross!” she said. “I had tried multiple products from pet stores and a bunch that I bought online, but nothing really worked.

    “That’s when I had my idea. I saw a cocoon in the forest, and it sort of snowballed from there with the design and the name.

    “I wondered if I could use that design and shape to hold all the poop in a way where doggy waste didn’t get tangled in the lead, it didn’t stink, you could dispense your dog poop bags, and you didn’t have to hold bags of dog poop the entire walk.”

    In the making for the past four years, Rachel has worked with industrial designers from Canberra’s Formswell over the last 18 months to bring Pupoon to market.

    The Pupoon:

    • can hold up to five dog poops
    • is air-tight to reduce odour
    • is light weight and attaches to the lead
    • won’t split and spill if you drop it
    • is made from medical-grade polypropylene to resist odour.

    Pupoon’s first shipment has arrived and is available on Rachel’s website.

    The ICON grants are delivered by CBRIN, which receives funding from the ACT Government to support entrepreneurs, innovators and start-ups, like Rachel.

    A common misconception about the ICON grants and working with CBRIN, is that you need to be in a high-tech industry, like AI, medical services or tech. However, ICON grants have been provided to Canberra business owners who have created innovative products in a range of fields, from puppy waste to vegan oat milk soft serve.

    Check out CBRIN’s latest events, including Female Founders on Tuesday 7 May 2024 and the next First Wednesday Connect on 5 June 2024 and to get a taste of what CBRIN has to offer.


    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News

  • MIL-OSI: Shell first quarter 2025 update note

    Source: GlobeNewswire (MIL-OSI)

     The following is an update to the first quarter 2025 outlook and gives an overview of our current expectations for the first quarter. Outlooks presented may vary from the actual first quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on May 2, 2025. Unless otherwise indicated, all outlook statements exclude identified items.

    See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure.

       Integrated Gas

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Production (kboe/d) 905 910 – 950 Impacted by unplanned maintenance, including in Australia.
    LNG liquefaction volumes (MT) 7.1 6.4 – 6.8 Reflects weather impact (cyclones) and unplanned maintenance in Australia.
    Underlying opex 1.0 0.9 – 1.1  
    Adjusted Earnings:
    Pre-tax depreciation 1.4 1.2 – 1.6  
    Taxation charge 0.6 0.7 – 1.0  
    Other Considerations:
    Trading & Optimisation results are expected to be in line with Q4’24, despite a higher (non-cash) impact from expiring hedge contracts compared to the previous quarter.

     Upstream

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Production (kboe/d) 1,859 1,790 – 1,890  
    Underlying opex 2.5 2.1 – 2.7  
    Adjusted Earnings:
    Pre-tax depreciation 2.8 1.9 – 2.5  
    Taxation charge 2.6 2.4 – 3.2  
    Other Considerations:
    The share of profit / (loss) of joint ventures and associates in Q1’25 is expected to be ~$0.2 billion. Q1’25 exploration well write-offs are expected to be ~$0.1 billion.
    The Q1’25 outlook reflects the completion of the SPDC divestment in March 2025.

     Marketing

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Sales volumes (kb/d) 2,795 2,500 – 2,900  
    Underlying opex 2.5 2.3 – 2.7  
    Adjusted Earnings:
    Pre-tax depreciation 0.6 0.5 – 0.7  
    Taxation charge 0.3 0.2 – 0.5  
    Other Considerations:
    Combined Mobility & Lubricants results expected to be in line with Q4’24. Overall Marketing results are expected to be impacted by a lower contribution from Sectors & Decarbonisation. 

      Chemicals and Products

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted EBITDA:
    Indicative refining margin $5.5/bbl $6.2/bbl  
    Indicative chemicals margin $138/tonne $126/tonne The Chemicals sub-segment adjusted earnings are expected to be in line with Q4’24.
    Refinery utilisation 76% 83% – 87%  
    Chemicals utilisation 75% 79% – 83%  
    Underlying opex 2.1 1.8 – 2.2  
    Adjusted Earnings:
    Pre-tax depreciation 0.9 0.8 – 1.0  
    Taxation charge / (credit) (0.2) (0.2) – 0.3  
    Other Considerations:
    Trading & Optimisation in Q1’25 is expected to be significantly higher than Q4’24, in line with Q2’24 and Q3’24 contributions.

     Renewables and Energy Solutions

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted Earnings (0.3) (0.3) – 0.3  

    Corporate

    $ billions Q4’24 Q1’25 Outlook Comment
    Adjusted Earnings (0.4) (0.6) – (0.4)  

    Shell Group

    $ billions Q4’24 Q1’25 Outlook Comment
    CFFO:
    Tax paid 2.9 2.5 – 3.3  
    Derivative movements 0.3 (2) – 2  
    Working capital 2.4 (5) – 0 Includes ~$0.5 billion of deferred German Mineral Oil Taxes settlements.
    Other Shell Group Considerations:
    The Q1’25 net debt movement will reflect a ~$1.5 billion increase related to loan facilities provided at completion of the sale of SPDC in Nigeria as well as lease additions associated with the Pavilion acquisition.  

    Guidance

    The ‘Quarterly Databook’ contains guidance on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities (Link).

    Consensus

    The consensus collection for quarterly Adjusted Earnings, Adjusted EBITDA is per the reporting segments and CFFO at a Shell group level, managed by Vara Research, is expected to be published on April 23, 2025.

    Appendix

    Indicative Margins

    Chemicals & Products Q4’24 Q1’25 Updated Outlook
    Indicative refining margin $5.5/bbl $6.2/bbl
    Indicative chemicals margin $138/tonne $126/tonne

    Volume Data

      Q4’24 Adjusted Q1’25 QPR Outlook Q1’25 Updated Outlook
    Integrated Gas      
    Production (kboe/d) 905 930 – 990 910 – 950
    LNG liquefaction volumes (MT) 7.1 6.6 – 7.2 6.4 – 6.8
    Upstream      
    Production (kboe/d) 1,859 1,750 – 1,950 1,790 – 1,890
    Marketing      
    Sales volumes (kb/d) 2,795 2,500 – 3,000 2,500 – 2,900
    Chemicals & Products      
    Refinery utilisation 76% 80% – 88% 83% – 87%
    Chemicals utilisation 75% 78% – 86% 79% – 83%

    Underlying Opex

    Underlying operating expenses is a measure aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. For further details see the 4th Quarter 2024 and full year unaudited results (Link).

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Production and manufacturing expenses 5.8    
    Selling, distribution and administrative expenses 3.2    
    Research and development 0.3    
    Operating Expenses (Opex) 9.4 9.4  
    Less: Identified Items   0.3  
    Underlying Opex   9.1  
        of which:      
        Integrated Gas 1.1 1.0 0.9 – 1.1
        Upstream 2.6 2.5 2.1 – 2.7
        Marketing 2.6 2.5 2.3 – 2.7
        Chemicals and Products 2.1 2.1 1.8 – 2.2
        Renewables and Energy Solutions 0.8 0.7  

    Depreciation, depletion and amortisation

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Depreciation, Depletion & Amortisation 7.5 7.5  
    Less: Identified Items   1.7  
    Pre-tax depreciation (as Adjusted)   5.8  
        of which:      
        Integrated Gas 2.0 1.4 1.2 – 1.6
        Upstream 2.9 2.8 1.9 – 2.5
        Marketing 1.0 0.6 0.5 – 0.7
        Chemicals and Products 1.2 0.9 0.8 – 1.0
        Renewables and Energy Solutions 0.5 0.1  

     Tax Charge

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Taxation Charge 3.2 3.2  
    Less: Identified Items and Cost of supplies adjustment   (0.2)  
    Taxation Charge (as Adjusted)   3.4  
        of which:      
        Integrated Gas 0.5 0.6 0.7 – 1.0
        Upstream 2.8 2.6 2.4 – 3.2
        Marketing 0.2 0.3 0.2 – 0.5
        Chemicals and Products (0.4) (0.2) (0.2) – 0.3
        Renewables and Energy Solutions 0.1 0.1  

    Adjusted Earnings

    The “Adjusted Earnings” measure aims to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. These items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell’s financial results from period to period. This measure excludes earnings attributable to non-controlling interest. For further details see the 4th Quarter 2024 and full year unaudited results (Link).

    $ billions Q4’24 Q4’24 Adjusted Q1’25 Updated Outlook
    Income/(loss) attributable to Shell plc shareholders 0.9 0.9  
    Add: Current cost of supplies adjustment attributable to Shell plc shareholders    
    Less: Identified items attributable to Shell plc shareholders   (2.8)  
    Adjusted Earnings   3.7  
        of which:      
        Renewables and Energy Solutions (1.2) (0.3) (0.3) – 0.3
        Corporate (0.3) (0.4) (0.6) – (0.4)

    Enquiries

    Media International: +44 (0) 207 934 5550

    Media Americas: +1 832 337 4355

    Cautionary Note

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

    The numbers presented in this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures due to rounding.

    Forward-Looking statements
    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”; “aspiration”; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, April 7, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

    Shell’s net carbon intensity
    Also, in this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

    Shell’s net-zero emissions target
    Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years.  However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

    Forward-Looking Non-GAAP measures

    This announcement may contain certain forward-looking non-GAAP measures such as Adjusted Earnings, Adjusted EBITDA, Cash flow from operating activities excluding working capital movements, Cash capital expenditure, Net debt and Underlying operating expense.

    Adjusted Earnings and Adjusted EBITDA are measures used to evaluate Shell’s performance in the period and over time.
    The “Adjusted Earnings” and Adjusted EBITDA are measures which aim to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items.
    Adjusted Earnings is defined as income/(loss) attributable to shareholders adjusted for the current cost of supplies and excluding identified items. “Adjusted EBITDA (CCS basis)” is defined as “Income/(loss) for the period” adjusted for current cost of supplies; identified items; tax charge/(credit); depreciation, amortisation and depletion; exploration well write-offs and net interest expense. All items include the non-controlling interest component.
    Cash flow from operating activities excluding working capital movements is a measure used by Shell to analyse its operating cash generation over time excluding the timing effects of changes in inventories and operating receivables and payables from period to period. Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Cash capital expenditure is the sum of the following lines from the Consolidated Statement of Cash flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating to debt, and associated collateral balances. Underlying operating expenses is a measure of Shell’s cost management performance and aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. Underlying operating expenses comprises the following items from the Consolidated statement of Income: production and manufacturing expenses; selling, distribution and administrative expenses; and research and development expenses and removes the effects of identified items such as redundancy and restructuring charges or reversals, provisions or reversals and others.

    We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
    The contents of websites referred to in this announcement do not form part of this announcement.

    We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

    LEI number of Shell plc: 21380068P1DRHMJ8KU70

    The MIL Network

  • MIL-Evening Report: Bougainville president condemns ‘dangerous’ AI-generated fake video of scuffle with Marape

    RNZ Pacific

    Autonomous Bougainville Government President Ishmael Toroama has condemned the circulation of an artificial intelligence (AI)-generated video depicting a physical confrontation between him and Papua New Guinea Prime Minister James Marape.

    The clip, first shared on Facebook last week, is generated from the above picture of Toroama and Marape taken at a news conference in September 2024, where the two leaders announced the appointment of former New Zealand Governor-General Sir Jerry Mateparae as the independent moderator for the Bougainville peace talks.

    It shows Toroama punching Marape from a sitting position as both fall down. The post has amassed almost 190,000 views on Facebook and more than 360 comments.

    In a statement today, President Toroama said such content could have a negative impact on Bougainville’s efforts toward independence.

    He said the “reckless misuse of artificial intelligence and social media platforms has the potential to damage the hard-earned trust and mutual respect” between the two nations.

    “This video is not only false and malicious — it is dangerous,” the ABG leader said.

    “It threatens to undermine the ongoing spirit of dialogue, peace, and cooperation that both our governments have worked tirelessly to build.”

    Toroama calls for identifying of source
    Toroama wants the National Information and Communications Technology Authority (NICTA) of PNG to find the source of the video.

    He said that while freedom of expression was a democratic value, it was also a privilege that carried responsibilities.

    He said freedom of expression should not be twisted through misinformation.

    “These freedoms must be exercised with respect for the truth. Misusing AI tools to spread falsehoods not only discredits individuals but can destabilise entire communities.”

    He has urged the content creators to reflect on the ethical implications of their digital actions.

    Toroama also called on social media platforms and regulatory bodies to play a bigger role in stopping the spread of misleading AI-generated content.

    “As we move further into the digital age, we must develop a collective moral compass to guide the use of powerful technologies like artificial intelligence,” he said.

    “Truth must remain the foundation of all communication, both online and offline.”

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Atos brings forward its first quarter 2025 revenue release to April 17, 2025 to synchronize with its liquidity reporting

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos brings forward its first quarter 2025 revenue release to April 17, 2025 to synchronize with its liquidity reporting

    Paris, France – April 7, 2025 – Atos SE announces that it brings forward its Q1 2025 revenue publication date to April 17, 2025 in order to synchronize it with the issuance of its liquidity report required as part of its recurring reporting obligations towards its creditors.

    Initially planned on April 25, 2025, the first quarter revenue press release will be issued on April 17, 2025 at 07:30 am (CET – Paris) and will include the Group’s estimated liquidity position as of March 31st, 2025.

    The Group does not plan to hold a conference call on that day and will not provide indications on its 2025 financial objectives, as it will present an update of its strategy and organization during a Capital Markets Day that will be held in Bezons and webcast live on May 14, 2025.

    Forthcoming events

    April 17, 2025 (Before Market Opening) First quarter 2025 revenue
    May 14, 2025 Capital Markets Day
    June 13, 2025 Annual General Meeting
       
    August 1st, 2025 (Before Market Opening)  First semester 2025 results

    ***

    About Atos

    Atos is a global leader in digital transformation with circa 78,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:

    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: +33 8 05 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    The MIL Network

  • MIL-OSI: Sword Group: Investment in Cybersecurity and Artificial Intelligence

    Source: GlobeNewswire (MIL-OSI)

    The Group is making a strategic operation in Scotland with the acquisition of iDelta, a cybersecurity and observability data specialist.

    iDelta, is a micro-company based in Edinburgh and specialising in the delivery of bespoke data and AI solutions, cybersecurity monitoring and automation, infrastructure monitoring, application observability and performance monitoring, fraud analytics, and Open Banking monitoring.
    iDelta has also created tools to help manage Open Banking data APIs, along with add-ons available on the Splunk marketplace. These solutions make it easier to connect with third-party technologies and ensure customers can efficiently access and use their data.

    This strategic step significantly enhances Sword’s cybersecurity and AI capabilities across all sectors, with a particular focus on Financial Services.

    The company’s revenue trend is €0.75M per year with an EBITDA margin of 30%.  
    This acquisition will be one of the driving factors in our cybersecurity strategy.

    The company will be consolidated in the Group’s accounts with effect from 1st April 2025.

    Calendar
    24/04/25
    2025 First Quarter Revenue

    28/04/25
    2025 Geeneral Meeting

    24/07/25
    2025 Second Quarter Revenue

    About Sword Group

    Sword has 3,200+ IT/Digital specialists
    active in 50+ countries to accompany you in the growth of your organisation in the digital age.

    As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.

    Sword optimises your processes and enhances your data.

    Attachment

    The MIL Network