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Category: Artificial Intelligence

  • MIL-OSI: Dealership Adoption of Point Predictive’s BorrowerCheck™ Surges to Counter Rising Auto Fraud and Buybacks

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) — Point Predictive reports record growth in adoption of its fraud detection technology across dealerships nationwide. BorrowerCheck™ is being rapidly implemented by major dealership groups and lenders to combat auto lending fraud, which increased to nearly $9.2 billion in 2024.

    The nationwide expansion includes partnerships with several prominent automotive retailers including Ken Garff Automotive Group, Bayway Auto Group, Napleton Automotive Group, Carriage Auto Group, Cavender Auto Family, along with hundreds of others. Point Predictive has also strengthened its integration with RouteOne®, enabling access to enhanced fraud detection capabilities for over 14,000 dealerships, and has established a partnership with OttoMoto® to provide a comprehensive suite of fraud detection, income, and employment validation solutions to dealerships nationwide.

    Dealers who have implemented BorrowerCheck report significant improvements in their operations and relationships with lenders:

    • Reduced Buybacks – Preventing 90% of buybacks that were previously missed using other solutions.
    • Enhanced Red Flags – Eliminating legacy red flags that were prone to false positives.
    • Faster Closing – Using One Time Passcode (OTP) validations which are 90% faster instead of historical question surveys that consumers find difficult to answer.

    “With Point Predictive’s unrivaled data accuracy, we now have a powerful ally in our fight against fraudulent misrepresentation at the point of sale,” said Preston Stewart, National Variable Operations Director at Napleton Automotive Group.

    “BorrowerCheck has been a game-changer for Carriage Auto Group,” said David Basha, Owner and Founder of Carriage Auto Group. “We run a BorrowerCheck report for every client, even those with high credit scores, because they are often victims of identity theft. When even some of the most stringent traditional checks fail to identify fraudulent applicants, BorrowerCheck has succeeded.”

    “I see BorrowerCheck as a game-changer for our group because it provides excellent visibility into the actual risk of a borrower early in the process,” noted Ben Stillwagon, Director of IT at Cavender Auto Family. “The tool allows us to quickly and easily determine if a borrower will create a compliance headache from the very start of the car buying experience, expediting the verification process for our legitimate buyers.”

    Point Predictive’s solution eliminates cumbersome knowledge-based questionnaires and replaces them with SMS-based verification that takes only 20 seconds, compared to the previous 5-15 minutes.

    The system draws from Point Predictive’s data repository, including intelligence from over 250 million loan applications, 93 million consumer identities, 23 million employers and 300 million reported incomes. This helps dealers identify sophisticated fraud schemes traditional tools miss.

    “Through BorrowerCheck, we’ve witnessed an incredible surge in dealer partnerships,” said Tim Grace, CEO of Point Predictive. “This momentum illustrates the effectiveness of our solutions for dealerships. We remain dedicated to empowering dealerships to get deals done faster, ensuring safe lending, and cultivating collaborative dealer and lender success across the industry.”

    To enable seamless adoption of this solution, BorrowerCheck, Point Predictive and Route One completed a full integration of BorrowerCheck at the end of 2024. This enabled access for the solution easily accessible to more than 14,000 dealerships.

    “We’re proud to bring dealers an elevated integration with Point Predictive and comprehensive fraud-fighting solutions,” added Jeff Belanger, Chief Revenue Officer at RouteOne. “By integrating advanced fraud detection directly into our platform, we’re giving dealers tools to validate customer information before fraud impacts their business.”

    For more information, contact info@pointpredictive.com

    About Point Predictive

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation from consumers, such as pay stubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers get loans faster, and lenders realize a more profitable bottom line.

    The MIL Network –

    April 1, 2025

  • MIL-OSI Africa: Africa’s data workers are being exploited by foreign tech firms – 4 ways to protect them

    Source: The Conversation – Africa – By Mohammad Amir Anwar, Senior Lecturer in African Studies and International Development, University of Edinburgh

    Data workers in Africa often have a hard time. They face job insecurities – including temporary contracts, low pay, arbitrary dismissal and worker surveillance – and alarming physical and psychological health risks. The consequences of their work can include exhaustion, burnout, mental health strain, chronic stress, vertigo and weakening of eyesight.

    Data work includes text prediction, image and video annotation, speech to text validation and content moderation.

    The world of data work is built on labour arbitrage – exploiting the fact that workers earn less and have less protection in some countries than in others.

    Large technology firms often outsource this work to the global south, including African countries like Kenya, Uganda and Madagascar, and also India and Venezuela. The result is complex production networks that are generally opaque and shrouded in secrecy.

    Workers and researchers have issued many warnings about data workers’ health. Despite numerous court cases in multiple jurisdictions, nothing much has been done to address these issues either by tech companies or by regulators.

    Read more: For workers in Africa, the digital economy isn’t all it’s made out to be

    Still, the news of the death of a Nigerian content moderator, Ladi Anzaki Olubunmi, who was found dead in her apartment in Nairobi, Kenya on 7 March 2025, came as a shock. While the circumstances of her death are still unclear, it has renewed calls for wider systemic change. Her death has sparked condemnation from the Kenyan Union of Gig Workers, which demanded an investigation.

    Since 2015, we have been studying the central role of African data workers in building and maintaining artificial intelligence (AI) systems, acting as “data janitors”. Our research found that companies rarely acknowledge the use of human workers in AI value chains, thus they remain “hidden” from the public eye. In other words, the world of AI is built on the toil of human workers most people are unaware of.

    In this article, we outline key steps needed to protect these data workers in Africa. They include business process outsourcing regulations, ensuring quality rather than quantity of jobs, and providing social protection. There is also a need to name and shame companies that maltreat data workers.

    Data work needs tighter regulation.

    Read more: Digital labour platforms subject global South workers to ‘algorithmic insecurity’

    Regulation

    Business process outsourcing is the practice of procuring various processes or operations from external suppliers or vendors. Firms that do this are sometimes trying to evade local regulations (like minimum wages) and responsibility towards workers’ welfare (via sub-contracting and the use of temporary employment agencies).

    This is happening in Africa as some data training firms and digital labour platforms circumvent local labour laws.

    But there is more to the story.

    Data work is also seen by lawmakers and practitioners as a solution to the rampant unemployment and informality across Africa. African governments have actively created regulatory environments that enable these practices to thrive, despite adverse outcomes for workers.

    Nonetheless, new regulations have been proposed lately, like the Kenyan government’s Business Law (Amendment) Bill, 2024 targeting the wider business process outsourcing and IT-enabled services sector. Particularly, it makes business process outsourcing firms responsible for any claim raised by employees. It ensures some accountability for firms bringing data work to Africa.

    Other governments should follow with similar measures ensuring worker rights are enforceable. Some data workers are hired on contracts as short as five days and get paid less than the local minimum wage. Firms found violating labour standards should be penalised.

    In fact, there is an urgent need to create regional or continent-wide regulatory frameworks covering the business process outsourcing sector, limiting the space for firms to exploit workers.

    It’s possible, however, that jobs might be lost as firms relocate to places with favourable laws, an everyday reality in the outsourcing networks.

    Read more: Most call centre jobs are a dead end for South Africa’s youth

    Quality, not quantity

    African governments should prioritise the quality of jobs and not quantity. Policymakers should think about wider national economic development plans, particularly structural diversification and upgrading of their economies.

    Historically, these strategies have resulted in success in some states, addressing social and economic issues such as unemployment, poverty and inequality.

    Another option for African governments is to enhance social protection among data workers. Financing this is a serious issue, so proper taxation and compliance among workers and employers is urgently needed.

    Finally, there is a role for naming and shaming firms that treat their data workers poorly. There is evidence that such efforts improve compliance and firms’ behaviour.

    Read more: Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

    Worker movements

    African data workers have taken risks in openly speaking about their experiences. But these kinds of approaches work well when combined with collective bargaining.

    Workers have historically won their labour and civil rights after long and hard-fought struggles. There is a long history of African worker movements and trade unions resisting the apartheid and colonial regimes across the continent.

    While the freedom of association is enshrined in the African Charter on Human and Peoples’ Rights and most governments have legislation committed to collective bargaining, it is rarely implemented in the new outsourcing sectors, particularly data work.

    It is also difficult to organise workers in the industry, because of the high churn rate. For instance, data training firms like Sama offer short-term contracts to employees, often as short as five days.

    Some firms are hostile to workers’ organising activities.

    But numerous data worker-led associations have emerged in Africa recently, some led by the co-authors of this article. Techworker Community Africa, African Tech Workers Rising, African Content Moderators Unions and Data Labelers Association are among them.

    These initiatives are crucial to ensure workers have decent remuneration, work-life balance, adequate working hours, protection against arbitrary dismissal, safe working environments, and contributions towards their health and welfare.

    Several high-profile court cases are currently being pursued by African data workers against Meta and Sama. There is precedent. In 2021. Meta was ordered by a Californian court to pay US$85 million to 10,000 content moderators.

    AI-dependent tools such as ChatGPT or driverless cars would not exist without African data workers. They are tired of being “hidden”. They deserve to be treated with respect and dignity.

    Mophat Okinyi, Kauna Malgwi, Sonia Kgomo and Richard Mathenge co-authored this article.

    – Africa’s data workers are being exploited by foreign tech firms – 4 ways to protect them
    – https://theconversation.com/africas-data-workers-are-being-exploited-by-foreign-tech-firms-4-ways-to-protect-them-252957

    MIL OSI Africa –

    April 1, 2025

  • MIL-OSI: HieFo Introduces High Efficiency CW Lasers for Silicon Photonics Transceivers

    Source: GlobeNewswire (MIL-OSI)

    ALHAMBRA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — HieFo announced today the product launch of multiple new high-efficiency Continuous Wave DFB indium phosphide (InP) lasers, designed to address the ever-increasing demands of silicon photonics based optical transceivers.

    Representative Far Field Pattern (typical 15° X 18°)

    Proprietary new design for uncooled intensity modulated direct detect applications
    HieFo’s uncooled O-band CW laser family supports the CWDM4 wavelength plan over an operating temperature of -5 to 75°C, while maintaining 70mW minimum optical output power.  These performance parameters are achieved using an Aluminum-free active quantum well design, which offers the optical transceiver industry a new standard in terms of proven field reliability and performance, for high operating temperature non-hermetic applications.

    New efficiency milestones for Coherent Optical transmission
    HieFo has achieved new performance levels with the latest innovations on the previously released HCL30 CW DFB laser chip. Using innovations from 12 recently filed patents, HieFo’s 1mm cavity length laser chip can produce above 200mW typical optical output power while achieving sub 300kHz spectral linewidth performance, all while achieving WPE of 30% or greater over a wide power range. HieFo offers custom O-band wavelength variants of this laser design for various coherent applications ranging from Datacenter to PON architecture.

    “HieFo’s latest product advances address the stringent performance standards required by the industry’s leading silicon photonic designs,” stated Harry Moore, HieFo’s Chairman & Co-founder. Mr. Harry added, that, “HieFo continues to execute on our core mission, which is to develop and produce the most efficient and reliable InP based chips in the industry.”

    Please contact HieFo at info@hiefo.com for more information.

    About HieFo
    HieFo Corporation is headquartered at 2015 Chestnut St in Alhambra, California 91803. Through a management buyout, HieFo leverages more than four decades of innovative legacy in optoelectronic devices from EMCORE. HieFo now focuses on development and commercialization of high-efficiency photonic devices for optical communication industries and will continue the pursuit of the most innovative and disruptive solutions to serve datacom, telecom, AI connectivity and general sensing industries. For inquiries, please contact info@hiefo.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/667773e6-ea99-4873-8d9e-1cc1b594309b

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Salad Disrupts AI Transcription Market: Highest Accuracy at the Lowest Cost

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, March 31, 2025 (GLOBE NEWSWIRE) — Salad Technologies, a leader in distributed cloud computing, today announced the launch of the upgraded Salad Transcription API, delivering the highest accuracy in the industry for AI batch transcription at the lowest cost.

    Ranking No.1 in an accuracy benchmark (95.1% accuracy rate), Salad’s API outperforms all major market alternatives, such as Deepgram, Assembly AI, Amazon Transcribe, Google Speech-to-Text, and OpenAI Whisper. The API is priced at just $0.16 per hour – at least 40% lower than competing APIs. 

    Designed for high-volume enterprise batch transcription, this launch sets a new industry standard – combining cutting-edge AI accuracy with unprecedented affordability. With asynchronous processing, the API can transcribe millions of hours of audio in parallel, making it genuinely built for scale.

    “There is an epidemic of overcharging in AI transcription today. Enterprises and startups have been forced to overpay for Transcription APIs as providers passed on the high cost of custom model research, large team sizes, and datacenter GPUs for inference to customers,” said Bob Miles, CEO of Salad Technologies. 

    “With Salad’s Transcription API, we’ve broken that cycle – delivering best-in-class accuracy while halving the cost to customers. Without training a proprietary model, Salad has taken an open source, multi-step, multimodal approach to ship the most powerful, cost-effective batch transcription API available today.”

    The API delivers transcription, translation, summarization, custom prompts, and custom vocabulary as a fully unified solution – no hidden fees, upcharges, or secondary API calls – just one all-inclusive rate for every advanced feature.

    Accuracy Benchmark Results

    Results from an accuracy benchmark over the CommonVoice5.1 dataset show the Salad Transcription API achieved the highest Word Accuracy Rate in English (95.1%), Spanish (96.8%), and German (96.3%) and the lowest Word Error Rate (WER).

    The benchmark processed over 1 million audio files, surpassing 4,500 hours of audio, and with new in-house optimizations, Salad Transcription API outperformed all six major API providers in accuracy across multiple languages.

    The API also shows industry-best accuracy for Russian (96.3%), Italian (93.3%), Portuguese (92%), and French (92%). 

    “With this API, our goal is to democratize the AI Transcription landscape and help companies realize massive cost savings at a price point that unlocks new use cases with the industry’s best accuracy,” said Bob Miles, CEO of Salad Technologies. 

    For more information, visit the website: https://salad.com/transcription

    About Salad Technologies

    Salad Technologies is a leader in distributed cloud computing, leveraging idle consumer and datacenter GPUs to deliver high-performance compute at industry-low costs. Our mission is to democratize cloud computing by utilizing latent consumer resources to power a sustainable, affordable, and environmentally friendly cloud for everyone.

    Media Contact:
    Prashanth Shankara
    prashanth.shankara@salad.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ccd7d05b-7ce3-42fd-82a0-aa7225d18f8a

    The MIL Network –

    April 1, 2025

  • MIL-OSI: fJscaler Demonstrates Market Leading 260 GBd BiCMOS Linear Driver Prototype Fueling Interconnect Scalability for Next-Gen AI Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, March 31, 2025 (GLOBE NEWSWIRE) — fJscaler Inc., a leading mixed signal analog semiconductor and solutions company, today announced the successful silicon demonstration of one of the industry’s first 260 GBd (gigabaud) linear drivers designed to enable low power 1.6 Terabit (T) coherent optics for metro and long-haul networks, as well as 1.6T and 3.2T IMDD for intra-datacenter interconnects. This groundbreaking achievement, unveiled at the 2025 Optical Fiber Communication Conference and Exhibition (OFC), sets a new benchmark for data rates and spectral efficiency in optical communication, addressing surging demands driven by AI, and hyperscale data centers. The demand for high bandwidth, low latency and low power consumption is central to AI infrastructure’s scalability needs, which are growing exponentially from training to reasoning as well as agent models.

    Unprecedented Performance for Future Networks
    The 260 GBd linear driver represents a monumental leap forward in coherent optics, doubling the baud rate of today’s state-of-the-art 130 GBd systems. By operating at 260 GBd, fJscaler’s driver enables single-wavelength 1.6T transmission with a DP-16QAM modulation format, significantly reducing cost, power, and complexity compared to multi-carrier alternatives. This innovation empowers network operators and hyperscalers to deploy infrastructure efficiently while meeting exponential bandwidth growth.

    AI infrastructure compute scale-out and scale-up needs continue to demand more bandwidth and more density at a pace never experienced in the traditional optical communications market.

    Just as deployments at 200G/lane are coming online in 2025, there is already need, demand and benefits to migrate to 400G/lane IMDD PMDs. fJscaler’s 400G/lane linear driver demonstration establishes a leadership position and builds upon this technology base to create commercial products that will debut in 2026.

    Key Advantages:

    • Industry-first 260 GBd operation: Doubles symbol rates to maximize fiber capacity.
    • 1.6T coherent transmission: Supports single-wavelength 1.6T using advanced modulation formats (e.g., DP-16QAM).
    • Energy efficiency: Proprietary design reduces power consumption down to 1pJ/bit
    • Future-ready scalability: Provides a clear pathway to 3.2T as DSPs evolve for coherent optics, and linear optics replace DSP retimed optics in high-density short-reach AI compute interconnects.

    “This milestone underscores our commitment to pushing the boundaries of optical technology,” said Jan Filip, fJscaler CEO and President. “As AI and cloud applications demand faster, smarter networks, our 260 GBd linear driver silicon demonstrator delivers the performance and efficiency needed to transform tomorrow’s infrastructure.”

    Marco Vitali, fJscaler Chief Technology Officer added, “Achieving 260 GBd required breakthroughs in semiconductor process technology and design architectures to achieve the linearity, bandwidth, and power needed for next generation optical interconnects. Our team’s novel BiCMOS design techniques are setting a new standard for the industry.”

    “The demand on compute and in-turn interconnect scalability is paramount and continues to grow an order of magnitude toward AI reasoning and physical AI,” said Samir Desai, fJscaler SVP Corporate Development. “fJscaler is pleased to demonstrate its technology platform to service the next generation of optical interconnects, be it coherent optics for inter-datacenter, intra-datacenter for traditional network switch-to-switch optics, and more importantly for AI compute scale-out and scale-up networks.”

    “We are excited to see such a critical innovation in coherent optics,” said Takashi Saida, Vice President, Head of NTT Device Innovation Center. “This technology will play a key role in meeting the ever-growing bandwidth demands of the future.”

    Live Demonstration at OFC 2025:
    fJscaler will showcase the 260 GBd linear driver in a live demo highlighting an IMDD 448Gbps optical transmit subsystem compatible to OSFP or QSFP-DD pluggable modules this week at OFC 2025 in San Francisco located at NTT Devices booth 1419. The demo is hosted by NTT Innovative Devices at its Private Conference Room by appointments only.

    Availability:
    Sampling to strategic partners begins in CYQ32025.

    About fJscaler Inc.
    fJscaler is a resurgence of a long legacy of proven innovation and high-quality semiconductor products serving the optical communications market for more than two decades. fJscaler’s mission is to scale femto-Joule optical communication with digitally assisted analog signal processing preserving low latency of fiber optics interconnects. To learn more about fJscaler, please visit www.fjscaler.com.

    Media Contact:
    Samir Desai
    fJscaler SVP Corporate Development
    +1 (949) 637-8829
    samir.desai@fJscaler.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b155a98-3ebc-4d00-a3f3-ab269ebba26b.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Striim Announces General Availability of SQL2Fabric-X to Accelerate Real-Time Data Replication & Insights

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Striim, a leader in real-time data streaming and integration, is excited to announce the general availability of SQL2Fabric-X, a powerful low latency, low cost solution that enables customers to replicate their SQL Server databases and tables to Microsoft Fabric Mirrored database, Microsoft Fabric Data Warehouse, and Azure Databricks.

    With SQL2Fabric-X, businesses can now move data effortlessly from on-premise SQL databases to their cloud ecosystems, ensuring AI, analytics, and decision-making are powered by the freshest data possible.

    Key highlights of SQL2Fabric-X:

    • Expanded Data Replication Capabilities: Customers can now replicate their SQL Server databases and tables to Microsoft Fabric Mirrored database, Microsoft Fabric Data Warehouse, or Azure Databricks.
    • Automated Data Management: SQL2Fabric-X reduces manual effort by automating data replication workflows, ensuring consistency and accuracy across target destinations.
    • Flexible Pricing Plans: Flexibility to write to Microsoft Fabric Mirrored database, Microsoft Fabric Data Warehouse, or Azure Databricks using SQL2Fabric-X. Mirroring Plans start at $1500/monthly.
    • Fast and Easy Deployment: Customers can change plans and get started directly from the Azure Marketplace. New users can get started today with a 30-day free trial.

    SQL2Fabric-X is designed for high-speed, reliable replication, helping businesses streamline their data operations without complex setup or maintenance.

    “At Ignite in November 2024, we jointly announced our strategic partnership on Open mirroring with Microsoft by launching a public preview of a simple low cost, low latency solution to mirror on premise SQL Server data,” said Alok Pareek, co-founder and Executive Vice President of Engineering and Products at Striim. “We were the first partner to announce that, and now we are delighted to offer broader, flexible capabilities in this GA service with great feedback from early customers who expressed an interest in unlocking on-premise SQL Server data for Azure Databricks in addition to Mirroring.”

    For more information about SQL2Fabric-X, visit Striim at booth #312 during the Microsoft Fabric Community Conference, taking place March 31–April 2 in Las Vegas.

    ABOUT STRIIM, INC.
    Striim pioneers real-time intelligence for AI by unifying data across clouds, applications, and databases via a fully managed, SaaS-based platform. Striim’s platform, optimized for modern cloud data warehouses, transforms relational and unstructured data into AI-ready insights instantly with advanced analytics and ML frameworks, enabling swift business action. Striim leverages its expertise in real-time data integration, streaming analytics, and database replication, including industry-leading Oracle CDC technology, to achieve sub-second latency in processing over 100 billion daily events for ML analytics and proactive decision-making. To learn more, visit www.striim.com.

    Media Contact:
    Dianna Spring, Vice President of Marketing at Striim
    Phone: (650) 241-0680 ext. 354
    Email: press@striim.com

    Source: Striim, Inc.

    The MIL Network –

    April 1, 2025

  • MIL-OSI Global: Africa’s data workers are being exploited by foreign tech firms – 4 ways to protect them

    Source: The Conversation – Africa – By Mohammad Amir Anwar, Senior Lecturer in African Studies and International Development, University of Edinburgh

    Data workers in Africa often have a hard time. They face job insecurities – including temporary contracts, low pay, arbitrary dismissal and worker surveillance – and alarming physical and psychological health risks. The consequences of their work can include exhaustion, burnout, mental health strain, chronic stress, vertigo and weakening of eyesight.

    Data work includes text prediction, image and video annotation, speech to text validation and content moderation.

    The world of data work is built on labour arbitrage – exploiting the fact that workers earn less and have less protection in some countries than in others.

    Large technology firms often outsource this work to the global south, including African countries like Kenya, Uganda and Madagascar, and also India and Venezuela. The result is complex production networks that are generally opaque and shrouded in secrecy.

    Workers and researchers have issued many warnings about data workers’ health. Despite numerous court cases in multiple jurisdictions, nothing much has been done to address these issues either by tech companies or by regulators.



    Read more:
    For workers in Africa, the digital economy isn’t all it’s made out to be

    Still, the news of the death of a Nigerian content moderator, Ladi Anzaki Olubunmi, who was found dead in her apartment in Nairobi, Kenya on 7 March 2025, came as a shock. While the circumstances of her death are still unclear, it has renewed calls for wider systemic change. Her death has sparked condemnation from the Kenyan Union of Gig Workers, which demanded an investigation.

    Since 2015, we have been studying the central role of African data workers in building and maintaining artificial intelligence (AI) systems, acting as “data janitors”. Our research found that companies rarely acknowledge the use of human workers in AI value chains, thus they remain “hidden” from the public eye. In other words, the world of AI is built on the toil of human workers most people are unaware of.

    In this article, we outline key steps needed to protect these data workers in Africa. They include business process outsourcing regulations, ensuring quality rather than quantity of jobs, and providing social protection. There is also a need to name and shame companies that maltreat data workers.

    Data work needs tighter regulation.



    Read more:
    Digital labour platforms subject global South workers to ‘algorithmic insecurity’

    Regulation

    Business process outsourcing is the practice of procuring various processes or operations from external suppliers or vendors. Firms that do this are sometimes trying to evade local regulations (like minimum wages) and responsibility towards workers’ welfare (via sub-contracting and the use of temporary employment agencies).

    This is happening in Africa as some data training firms and digital labour platforms circumvent local labour laws.

    But there is more to the story.

    Data work is also seen by lawmakers and practitioners as a solution to the rampant unemployment and informality across Africa. African governments have actively created regulatory environments that enable these practices to thrive, despite adverse outcomes for workers.

    Nonetheless, new regulations have been proposed lately, like the Kenyan government’s Business Law (Amendment) Bill, 2024 targeting the wider business process outsourcing and IT-enabled services sector. Particularly, it makes business process outsourcing firms responsible for any claim raised by employees. It ensures some accountability for firms bringing data work to Africa.

    Other governments should follow with similar measures ensuring worker rights are enforceable. Some data workers are hired on contracts as short as five days and get paid less than the local minimum wage. Firms found violating labour standards should be penalised.

    In fact, there is an urgent need to create regional or continent-wide regulatory frameworks covering the business process outsourcing sector, limiting the space for firms to exploit workers.

    It’s possible, however, that jobs might be lost as firms relocate to places with favourable laws, an everyday reality in the outsourcing networks.



    Read more:
    Most call centre jobs are a dead end for South Africa’s youth

    Quality, not quantity

    African governments should prioritise the quality of jobs and not quantity. Policymakers should think about wider national economic development plans, particularly structural diversification and upgrading of their economies.

    Historically, these strategies have resulted in success in some states, addressing social and economic issues such as unemployment, poverty and inequality.

    Another option for African governments is to enhance social protection among data workers. Financing this is a serious issue, so proper taxation and compliance among workers and employers is urgently needed.

    Finally, there is a role for naming and shaming firms that treat their data workers poorly. There is evidence that such efforts improve compliance and firms’ behaviour.



    Read more:
    Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

    Worker movements

    African data workers have taken risks in openly speaking about their experiences. But these kinds of approaches work well when combined with collective bargaining.

    Workers have historically won their labour and civil rights after long and hard-fought struggles. There is a long history of African worker movements and trade unions resisting the apartheid and colonial regimes across the continent.

    While the freedom of association is enshrined in the African Charter on Human and Peoples’ Rights and most governments have legislation committed to collective bargaining, it is rarely implemented in the new outsourcing sectors, particularly data work.

    It is also difficult to organise workers in the industry, because of the high churn rate. For instance, data training firms like Sama offer short-term contracts to employees, often as short as five days.

    Some firms are hostile to workers’ organising activities.

    But numerous data worker-led associations have emerged in Africa recently, some led by the co-authors of this article. Techworker Community Africa, African Tech Workers Rising, African Content Moderators Unions and Data Labelers Association are among them.

    These initiatives are crucial to ensure workers have decent remuneration, work-life balance, adequate working hours, protection against arbitrary dismissal, safe working environments, and contributions towards their health and welfare.

    Several high-profile court cases are currently being pursued by African data workers against Meta and Sama. There is precedent. In 2021. Meta was ordered by a Californian court to pay US$85 million to 10,000 content moderators.

    AI-dependent tools such as ChatGPT or driverless cars would not exist without African data workers. They are tired of being “hidden”. They deserve to be treated with respect and dignity.

    Mophat Okinyi, Kauna Malgwi, Sonia Kgomo and Richard Mathenge co-authored this article.

    Mohammad Amir Anwar receives funding from United Kingdom Research and Innovation, Royal Society of Edinburgh, and British Academy.

    – ref. Africa’s data workers are being exploited by foreign tech firms – 4 ways to protect them – https://theconversation.com/africas-data-workers-are-being-exploited-by-foreign-tech-firms-4-ways-to-protect-them-252957

    MIL OSI – Global Reports –

    April 1, 2025

  • MIL-OSI Economics: Samsung Reimagines Karaoke Experience with New Mobile Microphone Integration

    Source: Samsung

    Samsung Electronics is bringing a first-of-its-kind experience to Stingray Karaoke on select 2025 Samsung AI-powered Smart TVs and offering an exclusive promotion with the purchase of any new 2025 Smart TV, shipping globally soon.
    Stingray Karaoke1 offers an expansive catalog spanning the most popular genres, including pop, rock, country, R&B, hip-hop and more. The app features an intuitive interface that enables you to search for songs by title, artist, lyrics or genre in more than 30 languages. With weekly updates adding new songs and specially curated playlists for different occasions, you can queue up to 100 songs, ensuring the ultimate karaoke party experience at home.
    An Unmatched Karaoke Experience
    Together, Samsung and Stingray Karaoke are transforming home entertainment with a brand-new mobile microphone integrated with SmartThings on select 2025 Samsung Smart TVs2, eliminating the need for expensive sound systems and bringing a seamless, high-quality karaoke experience directly into the living room. For the first time ever, fans of Stingray Karaoke can now sing along to their favorite songs directly into their smartphone3 with award-winning mobile technology that ensures their voice is perfectly mixed in real-time, while delivering premium sound through their Samsung TV speakers without delay.
    “Samsung Smart TVs are dynamic entertainment hubs providing tremendous value and access to an ever-expanding ecosystem of experiences,” said Maya Harris, VP & Head of Strategic Partnerships for Samsung’s TV & Mobile Services. “The seamless mobile microphone integration with SmartThings is a brand-new innovation that allows trailblazing partners like Stingray to push the boundaries of interactive entertainment on Tizen, delivering even more immersive and accessible experiences that bring people together in new ways.”

    “Partnering with an industry leader in Samsung has allowed us to create a unique and accessible karaoke experience that takes entertainment technology to new heights,” said Eric Boyko, President, Co-Founder and CEO of Stingray. “As we continue to innovate and expand our offerings, we remain dedicated to delivering exceptional innovations to audiences worldwide.”
    To jump in, simply select the Samsung Daily+4 icon located on the left panel of your Samsung TV Smart Hub, launch the Stingray Karaoke app, and scan the QR code to activate your mobile microphone to start singing along to popular songs across genres and eras.
    Exclusive Stingray Karaoke Promotion, Available Only on 2025 Samsung Smart TVs
    New 2025 Samsung Smart TV owners will receive a free six-month trial of Stingray Karaoke5, unlocking access to the new mobile microphone feature and its vast library of more than 100,000 licensed songs from today’s top charting artists and yesterday’s legends. The offer is redeemable from the day of purchase through December 31, 2025.
    Additionally, owners of 2023 and 2024 Samsung Smart TVs6 can redeem free access to Stingray Karaoke for one month. To redeem the free trial offer, select the Samsung Daily+ icon on your Samsung TV Smart Hub and launch the Stingray Karaoke app. A pop-up will appear to grant you access.

    Samsung Tizen OS Continues to Evolve
    Stingray Karaoke on Samsung Smart TVs is powered by Tizen OS, your home for discovering endless entertainment, staying connected with your favorite apps and services, and controlling your smart home – all from your TV screen.
    As the #1 global TV brand for 19 years and counting, Samsung is dedicated to providing not only premium viewing experiences, but consistently improving how you interact with its TVs. That’s why Samsung is now offering up to 7 years7 of Tizen updates across its lineup, ensuring your experience remains consistently smooth and effortlessly responsive.
    Tizen allows Samsung partners to deliver their content to millions of shoppers through its vast TV ecosystem. The partnership with Stingray Karaoke is yet another example of the Samsung commitment to truly making Tizen OS your central hub for everything from streaming and gaming, to working out, getting ready for your day and now, even belting out your favorite hits.
    1 The Stingray Karaoke app is available on 2018 model year and newer Samsung Smart TVs.
    2 Stingray Karaoke mobile microphone integration with SmartThings is compatible on select 2025 model year Samsung Smart TVs, including Neo QLED, QLED, OLED and The Frame.
    3 Compatible with Samsung Galaxy S22+, S22 Ultra, and all S23, S24 and S25 models. It is also supported on all Samsung Z Flip and Fold models, iPhone 15 and iPhone 16.
    4 Samsung Daily+ is a hub for lifestyle experiences, providing a wide range of services and features — from personal training and telehealth to video calls and remote PC solutions — in one single interface.
    5 Trial is available with purchase of any new 2025 Samsung Smart TV, including all Neo QLED, QLED, OLED, The Frame models.
    6 Available on all Neo QLED, QLED, OLED, The Frame models.
    7 Viewing experience may vary according to types of content and format. 4K AI Upscaling may not apply to PC connection and Game Mode. Utilizes AI-based formulas to upscale. Samsung Account required for network-based smart services, including streaming apps and other smart features. Computer, mobile or other devices may be necessary to create/log in to Samsung Account (free to download and create). Without Account log in, only external device connections (E.g., via HDMI) and terrestrial/over-the-air TV (only for TVs with tuners) available.

    MIL OSI Economics –

    April 1, 2025

  • MIL-OSI United Kingdom: Dame June Raine: How innovations are transforming regulation and speeding new treatments to healthcare

    Source: United Kingdom – Government Statements

    News story

    Dame June Raine: How innovations are transforming regulation and speeding new treatments to healthcare

    As Dame June Raine gets ready to pass the baton on after nearly 40 years at the agency, the last five of which she has been CEO, she reflects on how new innovations are transforming regulation and how honoured she feels to have worked with such inspiring people through a period she has not just lived through but helped to shape.

    When I entered the world of regulation in the mid-1980s, approvals for new medicines or the trials investigating them were arduous and subjective, requiring the review of juggernauts of paper files with thousands of graphs and tables of data in each file – not to mention a retentive memory, a very big desk and many painstaking hours of review.

    Fast forward to today, and healthcare product regulation is being transformed by technology. Just as Lord Darzi called for a major tilt to technology in the heath service, so MHRA is working to take time out of the development and review process for transformative medicines and MedTech.

    For example, new AI tools can reduce the length of time taken to assess vital aspects of clinical trial applications from 3 hours to as few as 35 seconds, without compromising on safety. By rapidly pinpointing common errors in applications made by companies to the regulator, AI has sped up the overall assessment process and is helping to make it consistent and predictable.

    The intention of this is not to replace the expertise of our experienced and knowledgeable scientific assessors but rather to give them more time to focus on higher risk analyses and more finely balanced judgements. This will see clinical trials being set up more swiftly, saving companies valuable funds and giving patients quicker access to the potentially life-saving medicines being studied.

    Thanks to successful pilots, this AI technology is now coming on stream in regulation, with international approval of the work we are doing at MHRA. It shows how far regulation has come from the days of paper-based assessments, and how exciting regulation is today – and you don’t often hear the words ‘exciting’ and ‘regulation’ in the same sentence.

    We’re in a new era of medicine – one defined by technological advancements like AI and genomics; a focus on meeting the needs of the individual rather than the whole population. A continued challenge for the next decade will be to ensure that regulation doesn’t just keep pace with this innovation but enables it.

    That’s why last week saw the launch of our first Centres of Excellence of Regulatory Science and Innovation, two of which are driving forward AI and health technology and one active in improving safety through pharmacogenomics.

    As I get ready to pass the CEO baton on after nearly 40 years at the MHRA, the last five of which I have been Chief Executive, I have been reflecting on what has been accomplished during my time holding the reins. My leadership was one dominated by two main events that in many ways came to set the pace and direction of change.

    The first of these was EU Exit, which offered new freedom to form novel international partnerships with trusted healthcare agencies both at home and abroad. Our ACCESS consortium of the regulatory agencies of Australia, Canada, Singapore and Switzerland has created an attractive market for innovative industry of close on 160 million people.

    The second event was one that few saw coming. The COVID-19 pandemic brought devastation and hardship to many people’s lives. But in 10 months it ushered in the level of innovative change you would expect to see in 10 years. When we announced our world-first approval of the COVID-19 vaccine made by Pfizer and BioNTech, we didn’t cut any corners. We developed innovative approaches to delivering the same high scientific standards and worked hand in hand with NICE and the NHS.

    These two seismic events have come to define my leadership, and probably rightly so. But advances in AI and the strides we’ve made towards a more personalised regulatory approach are also vitally important and will set the trajectory for regulation in years to come.

    The next few years will be defining ones for medicines regulation. I have absolutely no doubt that the agency I am leaving behind will continue to step up to the job, never losing sight of paramount importance of patient safety. I feel truly honoured to have worked with inspiring people in a period we have not just lived through but helped to shape.

    I look forward to watching – this time from the sidelines with a much warmer cup of tea in hand.

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    Published 31 March 2025

    MIL OSI United Kingdom –

    April 1, 2025

  • MIL-OSI Europe: The ESAs call for vigilance amid rising geopolitical and cyber risks

    Source: European Banking Authority

    The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their Spring 2025 Joint Committee update on risks and vulnerabilities in the EU financial system, which focuses on the challenges linked to geopolitical tensions and cyber risks.

    The ESAs warn that growing geopolitical tensions and rising cyber risks present significant challenges to financial stability. These include trade disputes, rapidly shifting policies, ongoing international conflicts and the prospect of economic fragmentation which are reshaping global markets, requiring heightened vigilance and adaptability from supervisors and financial entities alike.

    Financial institutions must navigate growing uncertainties, including exposure to international markets, liquidity risks and the evolving role of artificial intelligence (AI). Ensuring resilience in the face of these developments is crucial.

    The ESAs, therefore, emphasise the need for proactive risk management, stronger cyber resilience and a close monitoring of global financial linkages. As financial markets continue to evolve, international cooperation and regulatory preparedness will be key to maintaining stability. Against a background of high geopolitical risks, the ESAs recommend that supervisors and financial entities prepare for continued market volatility, consider the potential materialisation of liquidity risks and stand ready to adapt to adverse developments, including by provisioning adequately.

    To better manage cyber and digitalisationrisks, supervisors and financial institutions should continue to strive for robust data governance, critically assess AI solutions and their compliance with the AI Act, and support the timely implementation of the Digital Operational Resilience Act’s provisions.

    Background

    This Spring 2025 Joint Committee update on Risks and Vulnerabilities was presented at the meeting of the Financial Stability Table of the EU’s Economic and Financial Committee (FST-EFC) on 27-28 March 2025 as input from the ESAs.

    MIL OSI Europe News –

    April 1, 2025

  • MIL-OSI: WISeSat.Space Creates WISeSat España SA Subsidiary to Lead European Space Projects from Andalusia and Build a 100% “Made in Europe” Solution Aligned With the IRIS² Strategy

    Source: GlobeNewswire (MIL-OSI)

    WISeSat.Space Creates WISeSat España SA Subsidiary to Lead European Space Projects from Andalusia and Build a 100% “Made in Europe” Solution Aligned With the IRIS² Strategy

    Madrid / Geneva / La Línea, Cadiz – March 31, 2025 – WISeSat.Space, a pioneer in secure satellite connectivity solutions and part of the WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces the creation of its new subsidiary WISeSat España, headquartered in La Línea de la Concepción (Cádiz, Andalusia). This strategic decision represents a decisive step toward the consolidation of a fully European industrial and technological ecosystem in the space and quantum domains, in line with the digital sovereignty priorities defined by the European Union.

    The choice of La Línea de la Concepción as the official headquarters of WISeSat España is no coincidence. This Andalusian city, located at a geostrategic point between Europe and Africa, is positioning itself as an emerging hub for technological innovation, thanks to its institutional will, international openness, and proximity to key logistical infrastructures.

    Establishing WISeSat in La Línea makes the company a founding pillar of the project LL4GIR.COM, an ambitious public-private initiative aimed at creating a Center for the Fourth Industrial Revolution in southern Europe. This center will promote high-impact projects in artificial intelligence, quantum computing, blockchain, IoT, and space connectivity, transforming the region into a global benchmark for resilience, sustainability, and economic progress.

    A 100% “Made in Europe” solution

    The launch of WISeSat España aims to build a 100% European space value chain, combining technological sovereignty, security, sustainability, and autonomous access to space. The proposal is fully aligned with the principles of the IRIS² program (Infrastructure for Resilience, Interconnectivity and Security by Satellite), promoted by the European Commission to establish a satellite constellation ensuring secure connectivity across the continent.

    The WISeSat España roadmap includes:

    • Manufacturing secure nanosatellites in collaboration with the Spanish company FOSSA Systems, where WISeKey is an investor, specializing in IoT and low Earth orbit communications solutions.
    • Launching satellites in partnership with PLD Space, a leading Spanish company in reusable rockets. The first launch is scheduled for early 2026, marking a milestone for European autonomy in space access.
    • Developing post-quantum processors in cooperation with QuantixS (Murcia) and SEALSQ (France) to ensure ultra-secure communications in the era of quantum computing.
    • Already operational, the installation of a satellite antenna in La Línea’s City Hall building, enabling direct connection with WISeSat satellites currently in orbit and serving as a local operations hub.
    • Incorporating WISeTalkie radio communication technology, developed by WISeKey and its partner Global Radio System (GRS), which ensures highly secure radio communications using advanced encryption, authentication protocols, and resistance to interference or unauthorized access. This innovation strengthens the security architecture of the WISeSat ecosystem at both space and ground levels.

    A new paradigm of decentralized innovation

    The model proposed by WISeSat España breaks with traditional centralized structures. Its vision is to create a decentralized network of European technological nodes, collaborating under principles of transparency, interoperability, resilience, and sovereign control. The La Línea node will serve as the secure space gateway for European institutions, companies, and citizens.

    “At WISeSat, we firmly believe that Europe needs its own secure and resilient infrastructure to avoid dependence on external players in critical areas such as space or cybersecurity. With WISeSat España and our partnerships with FOSSA Systems, PLD Space, QuantixS, and SEALSQ, we demonstrate that a 100% European model is not only possible but necessary,” said Carlos Creus Moreira, Founder and CEO of WISeKey.

    The January satellite, currently in orbit:
    https://wisesat.wisekey.com/?tags=WISeSat
    This launch builds on the previous success of WISeSat in collaboration with FOSSA Systems, which achieved the launch of 17 picosatellites to test the resilience and performance of its core technologies. These tests laid the foundation for the current generation of satellites, which, starting in June, will be equipped with more robust security protocols and post-quantum cryptographic infrastructure developed by SEALSQ.

    WISeSat also announced a new strategic partnership with Skyroot Aerospace in India. This collaboration will diversify launch operations by enabling satellites to be deployed on alternative orbital trajectories, optimizing constellation coverage and efficiency. The alliance also includes the possibility of manufacturing satellites on Indian soil, to local specifications, further strengthening WISeSat’s global production and launch capabilities.

    By the end of 2025, WISeSat satellites will be able to carry out transactions in SEALCOIN tokens with each other and with connected objects on Earth, forming a secure, autonomous mesh network for machine-to-machine (M2M) transactions. This innovation will create a financial and data exchange infrastructure in space, where connected machines will be digitally certified through a “Know Your Object” (KYO) protocol. The KYO process integrates Wecan technology and WISeKey’s WISeID platform, ensuring reliable identity and accountability throughout the ecosystem.

    Each WISeSat satellite is built with:

    • Post-quantum cryptographic chips from SEALSQ
    • WISeKey Root of Trust and digital identity infrastructure (WISeID)
    • Hedera’s Distributed Ledger Technology (DLT) for decentralized, tamper-proof data integrity

    This technological foundation positions WISeSat as a global leader in secure satellite-based IoT infrastructure.

    Invitation to Collaborate

    WISeSat España invites governments, universities, R&D centers, investors, and technology companies to join this transformative vision. The goal is to build together a new paradigm of smart economic development by integrating emerging technologies, specialized training, high-quality employment, and international cooperation.

    About WISeSat.Space
    WISeSat.Space AG is pioneering a transformative approach to IoT connectivity and climate change monitoring through its innovative satellite constellation. By providing cost-effective, secure, and global IoT connectivity, WISeSat is enabling a wide range of applications that support environmental monitoring, disaster management, and sustainable practices. The integration of satellite data with advanced climate models holds great promise for enhancing our understanding of climate change and developing effective strategies to combat its impacts. As the world continues to grapple with the challenges of climate change, initiatives like WISeSat’s IoT satellite constellation are essential for creating a more resilient and sustainable future.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com
    media@wisekey.com    		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI: SEER LAUNCHES CARBON FOCUSED DIVISION TO PRODUCE LICENSED BIOCHAR, MONETIZE AND TOKENIZE ASSETS AND CARBON CREDITS AND DEVELOP TURBINE BLADE TREATMENT TECHNOLOGY

    Source: GlobeNewswire (MIL-OSI)

    SEER Engages First Block AI to Assist in its Carbon Division Launch and Funding as well as Develop and Create SEER Security and Utility Tokens Backed by Assets and Fully-Insured Biochar Carbon Credits

    Broomfield, CO, March 31, 2025 (GLOBE NEWSWIRE) — Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), forms SEER Carbon Corp. as the entity to spearhead efforts to produce in-house biochar utilizing a patented technology under license from Biochar Now (www.biocharnnow.com) and create high-integrity, fully-insured carbon credits. SEER will transfer certain assets to SEER Carbon Corp. and then raise equity and growth capital through the sale of SEER Carbon security tokens. Additionally, SEER will offer for sale utility tokens backed by the carbon credits generated from the production of its biochar. Biochar carbon credits are among the most valuable credits worldwide and the Company will utilize these credits to back a specialized utility token, which will be sold internationally to targeted industries, including the golf and airline sectors.

    Biochar Market Generally    www.gosupercritical.com

    • Biochar has emerged as the most accessible and scalable permanent carbon dioxide removal (CDR) solution currently available, with one of the highest valued concomitant carbon credits presently valued at ~US$176 per credit (3/27/25) and recently traded above US$200 (www.ecoengineers.us)
    • It accounts for nearly 50% of engineered CDR solutions listed on most global marketplaces.

    Market Growth and Quality Concerns

    • The biochar market is expected to experience rapid growth, with a projected 30x increase in credits produced by 2028.
    • By 2026, only 42% (1.2 MT) of the projected 2.86 MT biochar capacity is expected to meet industry vetting criteria, with the remaining 58% failing due to issues like lack of additionality, poor monitoring, reporting, and verification (MRV), and permanence concerns.
    • The concentration of low-quality growth raises concerns about the future quality of biochar credits, highlighting the need for a market-wide shift toward producing high-quality credits.

    SEER’s High-Quality Biochar, Insured Smart Carbon Credits & Utility Token with Unquestionable Environmental Benefits

    SEER, along with its partners, has addressed and resolved concerns in the biochar market. A significant benefit of SEER’s initiative is the production of the highest-quality biochar available globally, as well as the generation of audited, fully-insured carbon credits that can be traded using smart contracts with blockchain verification. This will result in verifiable carbon offsets that ensure recognition and rewards for the environmental benefits of SEER’s various biochar applications. The manufacture of this carbon-rich biochar will generate high-value carbon credits, as well as significant revenue and value for both SEER and its project partners. The Company’s decarbonization and monetization initiatives reflect both government and private sector commitment to reducing carbon emissions while providing significant financial incentives for continued environmental stewardship.

    “At the core of this launch will be the production of high-quality biochar at a 60-kiln facility we will build in Texas,” said John Combs, CEO of SEER. “We have selected real estate in the heart of Texas lumber country and have already received an air permit from the TCEQ, which will be transferred to the designated location. The launch of this new division is perfectly in line with SEER’s original corporate mission: to make environmental stewardship and compliance profitable. We will create high-value carbon credits and incorporate a utility token and a 45Q tax program to better achieve our corporate objectives. This new strategy will create additional revenue streams for SEER while adding incremental value for our customers,” Combs continued. “By leveraging the expertise of our existing partners, such as DevvStream (www.devvstream.com ), and bringing on new industry leaders and innovators like First Block AI (www.firstblock.ai), SEER can develop one-of-a-kind environmental solution offerings and enter into the emerging global markets of carbon credits and tokens. We have already commenced initial marketing efforts to possible offtake companies operating in the golf and airline industries,” Combs added.

    “First Block is extremely excited to join forces with SEER and Biochar Now,” said Daniel Cannon, CEO of First Block. “The timing for this collaboration is perfect. With increasing international and domestic financial and political tailwinds, the opportunity couldn’t be better to tokenize and monetize SEER’s existing technologies and its new biochar production. First Block will create an entire program to maximize the value of SEER’s product offerings and the creation of its high-value, insured carbon credits,” said Cannon. “There will also be real-time, smart contract verification through SEER’s blockchain-enabled system developed by First Block. This system will be decentralized, immutable, and tamper-proof; meaning once SEER issues a carbon credit, it cannot be altered or falsified. This creates a permanent record of each credit that all stakeholders can trust. Every SEER carbon credit will be permanently recorded on blockchain, providing any customer with an undisputed record of their carbon offsets and environmental compliance,” explained Cannon.

    “We have been producing the highest-quality biochar available for over ten years and we have now developed the most secure and valuable carbon credit to go along with it,” said James Gaspard, CEO of Biochar Now. “A Carbon Credit is a tradable certificate representing the right to emit, or offset, one metric ton of carbon dioxide. SEER will generate several carbon credits for every metric ton of our biochar produced under our license, utilizing our patented biochar production technology. SEER will also benefit from Biochar Now’s success in creating a fully insured carbon credit, backed by major financial institutions. Our insurance program ensures the authenticity, permanence, and exclusivity of the verified carbon credits. The insurance program also provides coverage against devaluation, degradation, or invalidation of our verified biochar carbon credit for the life of the carbon credit. Our patented process and insurance essentially eliminate risk and assure the buyer of the authenticity and value of each carbon credit SEER will produce while utilizing our patented biochar production technology at their Texas facility,” said Gaspard.

    “It has taken time, but we feel that we have assembled a remarkable team of synergistic companies and highly experienced executives to accomplish our near and mid-term objectives of increasing and diversifying SEER’s revenue with new product lines, expanding our market reach and adding demonstrable value to our technologies for the benefit of our customers and shareholders,” concluded Combs.

    ________________________________

    About Strategic Environmental & Energy Resources, Inc.
    Strategic Environmental & Energy Resources, Inc. (SEER) (OTCQB: SENR), identifies, secures, and commercializes patented and proprietary environmental clean technologies in several multibillion-dollar sectors (including oil & gas, renewable fuels, and all types of waste management, both solid and gaseous) for the purpose of either destroying/minimizing hazardous waste streams more safely and at lower cost than any competitive alternative, and/or processing the waste for use as a renewable fuel for the benefit of the customers and the environment. SEER has two wholly-owned operating subsidiaries: MV Technologies, LLC and SEER Environmental Materials, LLC; and two majority-owned subsidiaries: Paragon Waste Solutions, LLC; and PelleChar, LLC. For more information about the Company visit: www.seer-corp.com.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates,” and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. Statements in this press release regarding future performance or fiscal projections, the cost effectiveness, impact and ability of the Company’s products to handle the future needs of customers are forward-looking statements. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.

    Contact Information:

    ir@seer-corp.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI: DIAGNOS Opens First US Office in Florida

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, March 31, 2025 (GLOBE NEWSWIRE) — Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a pioneer in early detection of certain ophthalmic health issues using advanced technology based on Artificial Intelligence (AI), is excited to announce the opening of a new office in Fort Lauderdale that will serve to meet potential clients and conduct demos to key stakeholders in the ophthalmic and optometry sectors in Florida.

    As part of its growth strategy, DIAGNOS has identified Florida to establish its first office in the United States due its pro-business climate, talented workforce, global connectivity, demographics and quality of life. “We are thrilled to have established an office in the USA and further extend our reach to new clients,” said André Larente, President and CEO of DIAGNOS. Mr. Larente added “our expansion into Florida aligns with our strategic vision of meeting our clients’ needs wherever they may be located.” DIAGNOS plans on hiring its first US employees in the state of Florida.

    On February 25, 2025, DIAGNOS announced that it is working on the US FDA certification related to major advances of its AI-assisted fundus image analysis platform that should be available later this year. The updated platform has been redesigned to assist healthcare professionals in the assisted analysis of fundus images as it relates to indicators used in the identification and stratification of diabetic retinopathy, hypertensive retinopathy, and age-related macular degeneration.

    DIAGNOS also announces the engagement of DS Market Solutions Inc. (“DSMS”) to maintain an orderly market in the Corporation’s tradeable securities.

    As per the agreement signed between DSMS and DIAGNOS, DSMS is entitled to a compensation of CA$5,000 per month, payable in advance in cash, starting April 1, 2025, renewable on a month-to-month basis. DIAGNOS may terminate the agreement upon a 30-day written notice. DIAGNOS will use its own liquidities to pay the monthly compensation of CA$5,000.

    Headquartered in Mississauga, in the province of Ontario, Canada, DSMS will provide market-making services with respect to the Corporation’s tradeable securities with the objective of enhancing market depth and increasing liquidity for the Corporation’s securities. Mr. David Sears is the sole owner of DSMS and will be providing the services on behalf of DSMS. DSMS contact is davidsears@dsmarketsolutions.com.

    DSMS is acting at arm’s length to the Corporation. As of the date of this announcement, DSMS, together with any of its principals and key employees, do not have any interest, directly or indirectly, in the securities of the Corporation.

    The engagement of DSMS remains subject to the acceptance of the TSX Venture Exchange.

    DIAGNOS is also announcing the resignation of Mr. Francis Bellido, effective March 27, 2025, from his position as member of the board of directors (the “Board”) and his role as chairman of the audit committee of DIAGNOS.

    The Board would like to extend its sincere gratitude to Mr. Bellido for his dedication, hard work, and valuable contribution to DIAGNOS. Mr. Bellido remains a shareholder of DIAGNOS and continues to serve as CEO and director of Quantum eMotion. The Board wishes him continued success in his current role and in all future endeavors. 

    About DIAGNOS
    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale.

    Additional information is available at www.diagnos.com  and www.sedarplus.ca.  

    This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: High Arctic Announces 2024 Fourth Quarter and Year End Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

    CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ fourth quarter and year-end results today. The audited consolidated financial statements, management discussion & analysis (“MD&A”), and annual information form for the year ended December 31, 2024 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated.

    Mike Maguire, Interim Chief Executive Officer commented:

    “With 2024 complete High Arctic has effectively been reset and is now a Canadian focused platform characterized by minimal debt, investment holdings, and an established and viable high margin rental business.

    Our rental business footprint, while still small in scale, was bolstered by the Delta Acquisition completed in late 2023, an acquisition that is indicative of the type and structure of accretive investments High Arctic looks to pursue going forward.

    The Board of Directors is currently undergoing a process to recruit and appoint a new Chief Executive Officer to augment and lead High Arctic’s vision and strategic plan which is to grow its equipment rentals business and position itself to benefit from upstream energy service activity levels in the western Canadian oil and gas industry.”

    In the following discussion, the three months ended December 31, 2024 may be referred to as the “Quarter” or “Q4 2024”, and similarly the year ended December 31, 2023 may be referred to as “YTD 2023”. The comparative three months ended December 31, 2023 may be referred to as “Q4 2023” and similarly the year ended December 31, 2022 may be referred to as “YTD 2022”. References to other quarters may be presented as “QX 20XX” with X being the quarter/year to which the commentary relates.

    2024 Highlights

    • Successful integration of Delta Rental Services.
    • Completed the reorganization of High Arctic including the return of $37.8 million to shareholders.
    • Maintained operational excellence and safety as evidenced by the continuation of recordable incident free work.
    • Exited Q4 with net positive working capital of $2.7 million, including $3.1 million of cash.

    2025 Strategic Objectives

    With the corporate restructuring and spinoff of the PNG business complete, the Corporation’s 2025 strategic objectives include:

    • Relentless focus on safety excellence and quality service delivery;
    • Grow the core businesses through selective and opportunistic investments;
    • Actively manage direct operating costs and general and administrative costs;
    • Steward capital to preserve balance sheet strength and financial flexibility; and
    • Execute on accretive acquisitions in Canada to drive shareholder value and optimize available tax loss carry-forwards.

    2024 Strategic Objectives

    At the beginning of 2024, High Arctic established a set of strategic priorities. Our priorities and highlights of objectives met include:

    • Continued relentless focus on safety excellence and quality service delivery.
      • High Arctic’s Canadian business completed 2024 without any recordable incidents, contributing to the Corporation’s second calendar year running with a zero Total Recordable Incident Frequency Rate (“TRIF”) rate.
      • High Arctic extended its recordable incident free activity in PNG, with 7 years and 353 days of continuous recordable incident free work conducted to the date of the spin-out, representing over 4 million work hours.
    • The creation of appropriate capital and corporate structures for the current businesses, providing the opportunity to consider transactions which would create value for the Corporation’s shareholders.
      • The Arrangement was overwhelmingly supported by shareholders and resulted in separate public companies each focused upon their area of expertise.
    • A return of significant capital and spin out of the PNG Business to shareholders.
      • The Arrangement resulted in separate public companies while also delivering a tax efficient return of capital totaling $37.8 million to shareholders.
      • The Corporation retained its position on the main TSX (TSX: HWO); with High Arctic Overseas Holdings Corp. being listed on the TSX Venture Exchange (TSXV: HOH).
    • Grow the core businesses through selective and opportunistic investments.
      • The Corporation focused on the very successful integration and rebranding of its rentals business in 2024, following its acquisition and amalgamation of the Delta Acquisition at the end of 2023.
      • The middle of the year was dedicated to the business of the Arrangement and the resulting transitionary work, however later in the year, the Corporation commenced the examination of selective investment opportunities, with this work continuing into 2025.
    • Capital stewardship that preserves balance sheet strength and financial flexibility.
      • The Delta acquisition has provided incremental free cash flow and operational synergies.
      • The Corporation currently maintains low debt levels and associated leverage ratios.
      • Exited 2024 with a working capital ratio of 1.6:1
    • Building up the Canadian business with acquisitions that allow the Corporation to optimize its available tax loss carry-forwards.
      • The Delta acquisition creates a blueprint for accretive acquisitions that position the Corporation to improve its ability to utilize its significant tax loss carry-forwards.
      • The Corporation, under the stewardship of the Board, continues its strategic review of potential acquisition targets with strong underlying intrinsic value and that will be accretive for shareholders.

    RESULTS OVERVIEW
    The following is a summary of select financial information of the Corporation:

      Three months ended Dec 31,   Year ended Dec 31,  
    (thousands of Canadian Dollars, except per share amounts) 2024   2023   2024   2023  
    Operating results from continuing operations:        
    Revenue – continuing operations 2,443   1,037   10,470   3,384  
    Net loss – continuing operations (715 ) 219   (2,117 ) (989 )
    Per share (basic & diluted) (0.06 ) 0.02   (0.17 ) (0.08 )
    Oilfield services operating margin – continuing operations 1,143   664   5,207   2,058  
    Oilfield services operating margin as a % of revenue 46.8 % 64.0 % 49.7 % 60.8 %
    EBITDA – continuing operations 178   (918 ) (527 ) (2,311 )
    Adjusted EBITDA – continuing operations 133   (672 ) 795   (2,703 )
    Operating loss – continuing operations (533 ) (1,408 ) (2,965 ) (5,163 )
    Cash flow from continuing operations:        
    Cash flow from (used in) continuing operating activities 226   (874 ) 184   (515 )
    Per share (basic & diluted) 0.02   (0.07 ) 0.01   (0.04 )
    Funds flow from (used in) continuing operating activities 530   (335 ) 484   (1,292 )
    Per share (basic & diluted) 0.04   (0.03 ) 0.04   (0.11 )
    2024 return of capital / 2023 dividends –   –   37,842   2,190  
        As at December 31  
    (thousands of Canadian Dollars, except per share amounts)   2024   2023   2022  
    Financial position:              
    Working capital   2,692   62,985   59,461  
    Cash and cash equivalents   3,123   50,331   19,559  
    Total assets   30,867   123,137   133,957  
    Long-term debt   3,178   3,352   4,028  
    Shareholders’ equity   21,105   99,332   115,231  
    Per share (basic)   1.70   8.09   9.47  
    Common shares outstanding   12,448,166   12,280,568   12,172,958  


    Fourth Quarter 2024 Summary

    • Revenue from continuing operations increased 136% to $2,443 in the quarter compared to $1,037 in Q4 2023. The increase in revenue is primarily attributable to the Delta Acquisition in late Q4 2023.
    • Oilfield services operating margin from continuing operations was $1,143 in the current year quarter compared to $664 in the prior year quarter, an increase of $479 or 72%, driven by the Delta Acquisition as noted above.
    • EBITDA from continuing operations was $178 in the current year quarter compared to EBITDA loss of $918 in the prior year quarter. EBITDA from continuing operations benefitted from the acquisition of Delta Rental Services Ltd. (“Delta”) or (the “Delta Acquisition”) in late 2023.   
    • Operating loss from continuing operations of $553 in the quarter compared to $1,408 in Q4 2023. The decrease in operating loss is attributable to higher oilfield services operating margin and reduced general and administrative costs, offset in part, by an increase in depreciation and amortization expenses. The improvements in operating loss from continuing operations is directly related to the Delta Acquisition.
    • Net loss from continuing operations was $715 in Q4 2024 compared to net income from continuing operations of $219 in Q4 2023. Net loss from continuing operations was impacted by the same items impacting operating loss (as above) with a substantial contribution from the Delta Acquisition combined with reduced interest income, net higher non-cash accretion on contingent payments and notes receivable, fair value related adjustments, reduced income from equity accounted investment in Team Snubbing, and the positive change in foreign exchanges loss in Q4 2023 to gain in Q4 2024.

    Annual 2024 Summary:

    • Revenue from continuing operations increased 209% to $10,470 compared to revenue of $3,384 achieved in 2023. Consistent with the summary of the fourth quarter results, the increase in revenue is primarily attributable to the Delta Acquisition in late Q4 2023.
    • Oilfield services operating margin from continuing operations was $5,207 in the current year quarter compared to $2,058 in the prior year quarter, an increase of $3,149 or 153%, driven by the Delta Acquisition as noted above.
    • EBITDA loss from continuing operations was $527 in the current year compared to EBITDA loss of $2,311 in the prior year. EBITDA from continuing operations benefitted from the Delta Acquisition.
    • Operating loss from continuing operations improved to $2,965 in the year compared to $5,163 in 2023. The decrease in operating loss is attributable to higher oilfield services operating margin, offset in part, by an increase in depreciation and amortization expenses. The improvements in operating loss from continuing operations was directly related to the Delta Acquisition.
    • Net loss from continuing operations was $2,117 compared to $989 in FY 2023. The net loss, despite an improvement of $2,198 in operating income, is primarily due to the 2023 $615 gain on sale of the nitrogen business, a 2023 $915 deferred income tax recovery, $729 lower interest income from cash on guaranteed investment certificates (“GICs”) and term deposits in 2024 with the July 2024 distributed return of capital to shareholders, $1,493 lower equity investment income from Team Snubbing, and the net impact of higher non-cash accretion related expenses.
    • Production Service’s 42% equity investment share of Team Snubbing Services Inc. net loss was $690 for the year ended December 31, 2024, compared to net income of $803 in the comparative period in 2023. Weak international operating results in 2024 combined with costs incurred to restructure the international business in Alaska dragged down Team Snubbing’s results while the Canadian business performed in line with 2023.
    • Cash from operating activities from continuing operations was $184 for the year, an improvement of $699 as compared to the prior year use of $515, driven by strong operational performance from the Delta Acquisition, partially offset by the significant additional general and administrative expenses incurred in 2024 due to the Arrangement.

    Rental services segment

      Three months ended Dec 31,   Years ended Dec 31,  
    (thousands of Canadian Dollars, unless otherwise noted) 2024   2023   2024   2023  
    Revenue – continuing operations 2,443   1,037   10,470   3,384  
    Oilfield services expense – continuing operations (1,300 ) (373 ) (5,263 ) (1,326 )
    Oilfield services operating margin(1) 1,143   664   5,207   2,508  
    Operating margin (%) 46.8 % 64.0 % 49.7 % 60.8 %

    The Rental Services segment consists of High Arctic’s oilfield rental equipment in Canada, centred upon pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells in the WCSB.

    The increase in revenue for the three and twelve month periods ended December 31, 2024, versus the comparable periods in 2023 is a direct result of the contribution from the Delta business that was acquired in late 2023. Specifically, Q4 2024 revenues increased by $1,406 or 136% compared to Q3 2023, with annual 2024 revenues increasing by $7,086 or 209% when compared to annual 2023. Operating margins of 46.8% and 49.7% for the three and twelve months ended December 31, 2024, respectively, are approximately 17 percent and 11 percent lower (on a gross basis) than the comparable periods in 2023, respectively. The reduction in operating margins is primarily a result of the Delta Acquisition, as Delta utilizes a combination of owned and third-party rental equipment in its operations, with third-party rental equipment resulting in higher operating expenses.

    Production Services segment
    The Production Services segment operations consist of High Arctic’s idled snubbing units in Colorado, U.S., and its equity investments in the Seh’ Chene Partnership and Team Snubbing Services Inc. in Canada. Though the Seh’ Chene Partnership has experienced limited business activity since the 2022 Canadian sales transactions, the partnership is still active and the Corporation together with its partner will look to reposition its customer offerings and explore other avenues for business activity.

    Team Snubbing Services Inc.
    High Arctic accounts for the results of its 42% equity interest in Team Snubbing using the equity method of accounting, with Team Snubbing’s net earnings recorded as income from equity investments in the respective reporting period. As reported in the Corporation’s 2024 Financial Statements (Note 12), Team Snubbing achieved gross revenues of $26,064 for 2024 versus gross revenues of $21,252 for the comparative period in 2023. This increase in revenues is primarily a result of the consolidation of the results of Team Snubbing International Inc. (“Team International”) for the first time following Team Snubbing’s April 1, 2024, acquisition of control of Team International.

    Team International’s operations experienced lower than anticipated activity levels in the Alaskan market in both Q4 2024, and for the year 2024. In addition, during Q2 2024, Team International incurred additional costs for restructuring management and operational teams. The restructuring initiative consolidated Team International’s workforce, “right sizing” it to the needs of the overall customer base and aligning the service delivery with Team Snubbing’s successful Canadian model. Team Snubbing’s domestic Canadian operations experienced similar activity levels in both Q4 2024 and year-to-date 2024, when compared to the same periods of 2023.

    High Arctic’s proportionate share of Team Snubbing’s net loss for 2024 was $690 compared to an income inclusion of $803 for the comparable period in 2023, representing a decrease in income from equity investment of $1,493. This year-over-year decline in income from equity investment realized in 2024 was primarily due to the results of Team International.

    Liquidity and capital resources

      Three months ended Dec 31,   Years ended Dec 31,  
    (thousands of Canadian Dollars) 2024   2023   2024   2023  
    Cash provided by (used in) continued operations:        
    Operating activities 226   (874 ) 184   (515 )
    Investing activities (310 ) (3,160 ) (997 ) 25,638  
    Financing activities (430 ) 45   (38,659 ) (2,967 )
    Effect of exchange rate changes on cash (469 ) (745 ) 717   (720 )
    Increase (decrease) in cash from continuing operations (983 ) (4,734 ) (38,755 ) 21,436  
    (thousands of Canadian Dollars, unless otherwise noted)     As at
    Dec 31, 2024    		   As at
    Dec 31, 2023    		  
    Current assets     7,221   79,438  
    Working capital(1)     2,692   62,985  
    Working capital ratio(1)     1.6:1   4.8:1  
    Cash and cash equivalents     3,123   50,331  
    Net cash(1)     (230 ) 46,804  


    Operating Activities
    In Q4 2024, cash from operating activities from continuing operations was $226, as compared with an outflow of $874 from operating activities from continuing operations in Q4 2023. Funds from operating activities from continuing operations totaled $530 in the quarter versus funds used of $335 for Q4 2023 (see “Non-IFRS Measures”). In Q4 2024, changes in non-cash operating working capital from continuing operations totaled an outflow of $304 compared to an outflow of $539 in Q4 2023.

    For the year ended 2024, cash from operating activities from continuing operations was $184 as compared to a use of cash of $515 of cash from operating activities from continuing operations in 2023. Funds from operating activities from continuing operations totaled $484 for the year ended 2024, versus a use of funds of $1,292 for 2023.

    Changes in cash from operating activities from continuing operations and funds from operating activities from continuing operations for both the three and twelve months ended December 31, 2024, when compared to the same periods in 2023, were largely the result of the positive impact on the business from the Delta Acquisition. In addition, operating related cash flows in the fourth quarter of 2024 benefitted from reduced G&A costs associated with the Arrangement transaction which was completed in the third quarter of 2024.

    Investing Activities
    During the fourth quarter, the Corporation’s net cash used in investing activities from continuing operations totaled $310 compared to $3,160 for the prior year comparative quarter. For the year ended 2024, net cash used in investing activities from continuing operations totaled $997 compared to an inflow of $25,638 in the prior year. For the fourth quarter of 2024 and YTD 2024, the majority of expenditures incurred related to sustaining and growth capital for the Rental Services Segment combined with investments in information technology and systems required to support the Corporation upon completion of the Arrangement transaction. YTD 2023 investing activities were impacted by proceeds received on the sale of assets (net of costs) of $29,569, offset in part by the Delta Acquisition in Q4 2023 for $3,430.

    Financing Activities
    During the fourth quarter, the Corporation’s net cash used in financing activities from continuing operations was $430 compared to an inflow of $45 in the prior year comparative quarter. For the year ended 2024, net cash used in financing activities from continuing operations was $38,659 compared to $2,967 in the prior year. Cash flow from financing activities for the year ended 2024 was impacted by a one-time $37,842 distribution to shareholders in accordance with the completion of the Arrangement transaction. Excluding the impact of the one-time distribution, cash flows related to finance activities were impacted by the normal course receipts and payments on the Corporation’s existing note receivables, lease liabilities and long-term debt.

    Working Capital
    As at December 31, 2024, the Corporation’s working capital balance was $2,692 compared to $62,985 as at December 31, 2023. The change in working capital is largely due to the spinout of the Corporation’s PNG business combined with the $37,842 return of capital distribution paid during 2024, both of which were completed in connection with the Arrangement transaction.

    Long-term Debt

    (thousands of Canadian Dollars)     As at
    Dec 31, 2024    		   As at
    Dec 31, 2023    		  
    Current     175   175  
    Non current     3,178   3,352  
    Total     3,353   3,527  

    The Corporation has mortgage financing secured by lands and buildings owned by High Arctic located within Alberta, Canada. The mortgage has a remaining initial term of under two years with a fixed interest rate of 4.30% with payments occurring monthly. The mortgage financing contains certain non-financial covenants requiring lenders’ consent including changes to the underlying business. As at December 31, 2024, the Corporation was compliant with all covenants associated with the mortgage financing.

    2025 Earn-Out Shares issued pursuant to the 2023 share purchase agreement with Delta Rental Services Ltd.
    Subsequent to December 31, 2024, the Corporation issued 248,793 shares as part of the settlement of the first-year contingent consideration payable pursuant to the Acquisition of Delta Rental Services Ltd.

    Outlook
    As a result of the successful execution of the Arrangement and corporate reorganization during 2024, High Arctic has transformed itself. After a decade of significant cash flow generation and cash dividends and distribution to shareholders in excess of $105 million, bold measures were taken to adjust for the decade ahead. The 2024 Arrangement provided shareholders with a separate investment holding and future flexibility through a new publicly traded entity containing the former PNG business (TSXV: HOH) plus a tax efficient cash distribution in the form of a $37.8 million return of capital. It also provided shareholders with a continuing investment in a refined, Canadian focused, and reset High Arctic publicly traded entity.

    High Arctic’s Canadian platform is characterized by minimal debt and its continuing operations now consist of:

    • A western Canadian high-margin equipment rental business – centred on pressure ‎control and well stimulation;
    • A minority 42% interest in Canada’s largest oilfield snubbing services business, Team Snubbing; and
    • Two industrial properties, located in Clairmont and Whitecourt, Alberta.

    High Arctic anticipates that its Rental Services segment will continue to generate funds flow from operations commensurate with oil and gas well completion fundamentals in western Canada. The rental business footprint, while still small in scale, was bolstered by the 2023 Delta Acquisition. This acquisition is indicative of the type and structure of accretive investment High Arctic will look to pursue going forward. For 2025, the Rental Services segment is expected to be at a stage whereby operating cash flow covers Corporate segment costs and yields modest funds for organic growth.

    High Arctic is at the early stages of a new chapter in its corporate history. The 2024 transformational developments provide a clean platform to enable a new strategic direction. The Board of Directors is currently undergoing a process to recruit and appoint a new Chief Executive Officer to augment and lead High Arctic’s vision and strategic plan. High Arctic’s current intent is to grow its equipment rentals business and position itself to benefit from upstream energy service activity levels in the western Canadian oil and gas industry. Complementary new service lines with high margin, low headcount and low fixed costs, are also being considered.

    In summary for 2025, the Corporation expects to continue to execute on the initial phases of its strategic business plan, with progress to date being evidenced by selective capital expenditure investments in its rental business throughout 2024. High Arctic continues to assess acquisition targets that are both complimentary and new to existing customer offerings. Potential benefits of an acquisition for High Arctic include enhancing the scope and scale of its operations; the ability to provide a broader customer service offering; and formalizing/augmenting the leadership team for the Corporation.

    Execution of the strategic plan remains opportunistic and is ongoing. The timing and ability to execute on certain underlying objectives, however, has become challenging due to recent divisive global geopolitical developments and resulting global economic uncertainties. These developments include changes and potential changes in global trade policies and tariffs, threats of additional or retaliatory tariffs, and policy shifts as a result of new government leadership in many jurisdictions around the world. The federal election in Canada, set for April 28, 2025, may have a significant impact on long term investment in Canada’s energy industry.

    Western Canadian oil and gas activity levels, despite volatility in underlying commodity prices, have benefited from resurgent Canadian upstream activity to meet, and then sustain, growing oil and natural gas export infrastructure capacity. This includes tidewater access off the west coast of Canada through the 2024 Trans Mountain pipeline expansion, expected 2025 LNG Canada pipeline commencement, and land pipeline expansion to the United States through completed projects such as the Line 3 expansion.

    NON – IFRS MEASURES
    This press release contains references to certain financial measures that do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and may not be comparable to the same or similar measures used by other companies High Arctic uses these financial measures to assess performance and believes these measures provide useful supplemental information to shareholders and investors. These financial measures are computed on a consistent basis for each reporting period and include Oilfield services operating margin, EBITDA (Earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, Operating loss, Funds flow from operating activities, Working capital and Long-term financial liabilities. These do not have standardized meanings.

    These financial measures should not be considered as an alternative to, or more meaningful than, net income (loss), cash from operating activities, current assets or current liabilities, cash and/or other measures of financial performance as determined in accordance with IFRS.

    For additional information regarding non-IFRS measures, including their use to management and investors and reconciliations to measures recognized by IFRS, please refer to the Corporation’s MD&A, which is available online at www.sedar.com and through High Arctic’s website at www.haes.ca.   

    FORWARD-LOOKING STATEMENTS
    This press release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation’s actual results, performance, or achievements to vary from those described in this press release.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, among others, statements pertaining to the following: general economic and business conditions, which will include, among other things, the outlook for the energy industry inclusive of commodity prices, producer activity levels and general energy supply and demand fundamentals that may impact the energy industry as a whole; the impact (if any) of geo-political events, changes in government, changes to tariff’s or related trade policies and the potential impact on the Corporation’s ability to execute its 2025 strategic objectives; fluctuations in interest rates and commodity prices; expectations regarding the Corporation’s ability to manage its liquidity risk; raise capital and manage its debt finance agreements; projections of market prices and costs; factors upon which the Corporation will decide whether or not to undertake a specific course of operational action or expansion; the Corporation’s ongoing relationship with its major customers; the Corporation’s ability to seek and execute accretive acquisitions including the timing thereof and the potential operational and financial benefits; the ability to recruit and retain executive officers and other key personnel; management of general and administrative costs; the maintenance of a strong balance sheet and related financial flexibility; the performance of the Corporation’s investment in Team Snubbing; operational and financial performance of the Corporation’s Canadian rental equipment in 2025; scaling the Canadian business, execution on one or more corporate transactions; and estimated credit risks.

    With respect to forward-looking statements contained in this press release, the Corporation has made assumptions regarding, among other things, its ability to: maintain its ongoing relationship with major customers; successfully market its services to current and new customers; devise methods for, and achieve its primary objectives; source and obtain equipment from suppliers; successfully manage, operate, and thrive in an environment which is facing much uncertainty; remain competitive in all its operations; attract and retain skilled employees; obtain equity and debt financing on satisfactory terms and manage its liquidity risk.

    The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release, along with the risk factors set out in the most recent Annual Information Form filed on SEDAR+ at www.sedarplus.ca.

    The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.

    About High Arctic Energy Services
    High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ‎on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta‎.

    For further information contact:

    Lonn Bate
    Chief Financial Officer 
    P: 587-318-2218
    P: +1 (800) 688 7143 

    High Arctic Energy Services Inc.
    Suite 2350, 330 – 5th Ave SW
    Calgary, Alberta, Canada T2P 0L4
    website: www.haes.ca
    Email: info@haes.ca

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Powered by 5th Gen AMD EPYC CPUs, Oracle Cloud Infrastructure Compute E6 Shapes Deliver Breakthrough Cloud Performance and Efficiency

    Source: GlobeNewswire (MIL-OSI)

    — Leading cloud services providers expand their adoption of EPYC CPUs to meet growing public cloud demand —

    SANTA CLARA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced 5th Gen AMD EPYC™ processors power the Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. 5th Gen AMD EPYC processors, the world’s best server CPUs for enterprise, AI and cloud1, enable OCI Compute E6 shapes to deliver up to a 2X increase in cost to performance, compared to the previous E5 instance generation based on testing by OCI2.

    The new OCI Compute E6 shapes build on the success of the previous E5 generation to deliver leadership performance and cost efficiency for general-purpose and compute-intensive workloads. These OCI shapes add to the selection of more than a thousand compute instances powered by AMD EPYC processors across all major cloud service providers.

    “The rapid adoption of AMD EPYC processors in the cloud underscores our ability to deliver innovative, high-performance solutions that enable our partners to create highly competitive cloud offerings,” said Dan McNamara, senior vice president and general manager, Server Business, AMD. “The combination of OCI’s flexible infrastructure and the performance of 5th Gen AMD EPYC processors helps customers accelerate their most demanding workloads while optimizing their cloud infrastructure.”

    “Oracle Cloud Infrastructure is committed to providing our customers with the best-performing, most cost-effective cloud offerings,” said Donald Lu, senior vice president, software development, Oracle Cloud Infrastructure. “With the new OCI Compute E6 Standard shapes powered by AMD EPYC processors, we are delivering an unparalleled combination of compute power, scalability, and efficiency that meets the demands of today’s most complex workloads.”

    Availability and Customer Adoption
    OCI Compute E6 Standard bare metal instances and virtual machines are available today in multiple regions, including US East (Ashburn), US West (Phoenix), US Midwest (Chicago), Germany Central (Frankfurt), and UK South (London), with a rollout planned for additional regions in the coming months.

    Supporting Resources

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and Twitter pages.

    AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
    Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

    _____________________________

    1 EPYC-029D: Comparison based on thread density, performance, features, process technology and built-in security features of currently shipping servers as of 10/10/2024. EPYC 9005 series CPUs offer the highest thread density, leads the industry with 500+ performance world records including world record enterprise leadership Java® ops/sec performance, top HPC leadership with floating-point throughput performance, AI end-to-end performance with TPCx-AI performance and highest energy efficiency scores. Compared to 5th Gen Xeon, the 5th Gen EPYC series also has more DDR5 memory channels with more memory bandwidth and supports more PCIe® Gen5 lanes for I/O throughput, and has up to 5x the L3 cache/core for faster data access. The EPYC 9005 series uses advanced 3-4nm technology, and offers Secure Memory Encryption + Secure Encrypted Virtualization (SEV) + SEV Encrypted State + SEV-Secure Nested Paging security features. For additional details, see https://www.amd.com/en/legal/claims/epyc.html#q=epyc5#EPYC-029D

    2 OCI launches high-performance E6 Standard compute instances powered by AMD: Comparative workload performance per core cost analysis for E5 and E6 shapes – https://blogs.oracle.com/cloud-infrastructure/post/oci-launches-highperformance-e6-standard-compute-instances-powered-by-amd

    The MIL Network –

    April 1, 2025

  • MIL-OSI: A Survey by Spruce Reveals Social Media’s Growing Influence on Gen Z’s Financial Decisions, Highlighting a Generational Divide in Learning about Money

    Source: GlobeNewswire (MIL-OSI)

    KANSAS CITY, Mo., March 31, 2025 (GLOBE NEWSWIRE) — Designated as National Financial Literacy Month, April is intended to raise awareness about the importance of financial education and to encourage healthy financial habits. Yet, a survey conducted by Spruce, the mobile banking app built by H&R Block1, 2, reveals many may be relying on platforms where virality is valued over validity. The findings underscore the growing role of digital content in shaping financial habits and the pressing need for reliable, accessible financial education in today’s technology-driven landscape.

    The survey highlights a generational shift in financial education, with younger consumers, particularly Gen Z, increasingly turning to social media for financial tips and education, while older generations more heavily rely on traditional sources like family and banking institutions. The survey also revealed the impact of social media on their financial choices and their confidence in managing money. Despite the digital media shift, financial tools and apps remain essential across all generations.

    “With nearly 70% of Gen Z influenced by financial trends on social media, it’s clear they are open to improving their financial knowledge, but it’s also imperative they have the capacity to discern fact from fiction, which is obviously difficult,” said John Thompson, Vice President, Spruce. “This Financial Literacy Month, we want to empower individuals to take control of their finances by offering a safe and accessible space to manage their money with Spruce as they learn, plan, and build a secure financial future.”

    Financial Education Pivots from Tradition to Trends

    The survey data paints a clear picture: traditional sources of financial education are being supplemented—and in some cases, supplanted—by newer sources, often on platforms where the origin or the validity of the guidance may not be clear.

    Parents and banking institutions remain the most common sources of financial education. While the landscape is evolving, key findings highlight a critical gap in formal education:

    • 31% of respondents cite family members as the main source for financial guidance
    • 29% of respondents turn first to banks
    • only 13% of respondents reported learning about personal finance in school, highlighting a critical gap in financial literacy programs.

    Social media, however, has become an increasingly popular source of financial information, particularly among younger generations, with 16% of all respondents looking to social media for financial education.

    • Gen Z leads the charge as 33% note that they look to social media for financial education
    • Millennials follow closely behind at 23%

    Viral Tips on Social Sway Financial Behaviors

    The survey also explored the impact of social media trends on financial behavior, examining the influence of viral concepts, which includes ideas like soft saving, loud budgeting, cash stuffing, and doom spending on consumer choices.

    These viral trends have proven to play a significant role in shaping financial behaviors, with 37% of respondents admitting they have been swayed by social media and tried a finance trend they discovered online.

    • The influence of these trends varies dramatically across generations, with Gen Z impacted the most at 68%
    • 51% of Millennials and 27% of Gen X cite being inspired to try social media finance trends
    • While not as likely as other generations, 12% of Boomers still noted being influenced to partake in a financial trend

    Among the platforms driving this shift, TikTok (39%) and Instagram (34%) are the most popular sources of financial information for Gen Z, followed by Facebook (23%) and even podcasts (17%). These findings highlight the growing impact of digital content on personal finance decisions, particularly among younger generations.

    Digital Tools Bolster Financial Management

    Online financial tools and apps have become essential for money management, with Millennials and Gen Z being the most likely to utilize them for everyday matters such as keeping track of a budget, planning for the future or establishing savings. Credit score monitoring emerged as the most common use case among respondents (38%). Budgeting was cited as a key priority, with 29% of respondents using financial tools or apps to track their expenses.

    However, reliance on digital financial tools extends beyond convenience—confidence in making major financial decisions is bolstered by the use of online tools or apps. From our findings, 66% of Gen Z share that they are not confident or only somewhat confident in making large decisions without digital assistance. These findings highlight the increasing role of technology in empowering individuals across all generations to manage their finances with greater confidence and ease.   Furthermore, many of the traditional rules-of-thumb for financial management are becoming out of reach, and tools to support decision-making become even more critical when thinking through more nuanced choices in a more complicated financial world.

    With 70% of American households working to become “financially healthy,”3 selecting the right resources that promote sound financial practices is essential. According to John Thompson for many people this can start with selecting a mobile banking solution with no sign-up fees, no minimum balance requirements, and no monthly fees, while also offering features, such as the Watchlist budget tracker and multiple saving goals, that can aid in financial planning and management.

    “We purposefully designed Spruce to remove barriers to accessing useful banking tools, such as the ability to customize saving goals, earn high-yield interest and provide access to innovative tools and features that can help improve financial wellness such as the ability to set spending guardrails, jumpstart savings with a tax refund allocation, and view credit score insights4 at any time,” said Thompson. “By opting into savings with 3.50% APY,5 you can build your savings faster than at the national average rate6.”

    To learn more about Spruce’s saving, budgeting, spending, and other financial-planning features, and how you can make your money go further, visit sprucemoney.com. To take advantage of the many secure and innovative tools offered through Spruce, sign up here. To get access to financial articles vetted by experts, head over to sprucemoney.com/resource-center/news/.

    1Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward®, N.A., Member FDIC, pursuant to license by Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

    2Research conducted with Morning Consult via online research on the omnibus fielded in March 2025 among a national sample of 2,200 adults. All data are weighted to their respective representative sample on age, ethnicity/race, education, and region based on in-market available data (such as the U.S. Census). Results from the full survey have a margin of error of +/- 2 percentage points.

    3Research conducted by the Financial Health Network: Financial Health Pulse® 2024 U.S. Trends Report.

    4Credit score is FICO® Score 8 based on Experian data. Your lender or insurer may use a different FICO Score than FICO Score 8, or another type of credit score altogether. FICO® is a trademark of Fair Isaac Corporation. This is a separate service from your Spruce Spending and Savings accounts, provided by Pathward®, N.A., Member FDIC.

    5The Annual Percentage Yield (APY) is accurate as of 04/02/2025. This rate is variable and can change without notice. Fees may reduce earnings. To start earning interest on your Spruce Savings Account, simply opt in through the Spruce app or at sprucemoney.com.

    6Based on FDIC average national savings rate as of 04/02/2025.

    About H&R Block
    H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.   

    About Spruce
    Spruce helps you stay in control of your money through spending and savings accounts backed by technology that provides budgeting tools, automatic saving options, and financial insights that help you be good with money. To learn more, see sprucemoney.com/features.

    About Pathward®
    Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at Pathward.com.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Disrupting Tradition, AIXOR Launches Genesis AI Pro 5.0 to Lead the Intelligent Trading Revolution

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 31, 2025 (GLOBE NEWSWIRE) — In response to the growing trend of intelligent digital asset trading worldwide, AIXOR Exchange has officially stepped onto the international stage with its top-tier security system, advanced technological architecture, and the new AI trading system Genesis AI Pro 5.0, promising a more efficient, secure, and intelligent trading experience for global investors.

    AIXOR: A New Generation of Intelligent Exchanges Redefining Digital Asset Trading
    As a leading cryptocurrency trading platform, AIXOR is committed to becoming the most trusted global digital asset trading center with its core philosophy of “Security, Professionalism, Intelligence.” The exchange not only offers a variety of investment options such as spot trading, contracts, ETFs, and leverage trading but also leverages AI technology to give investors an edge in the new era of digital finance.

    AIXOR’s core advantages include:
    – op-tier Security Protection, Asset Safety Guaranteed
    AIXOR employs military-grade security systems, integrating multi-signature authentication, cold and hot wallet separation, and AI risk control systems. It strictly adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulatory standards to ensure the safety of user assets and transactions.
    – Lightning-Fast Trading Experience, Millisecond Execution
    With a super-fast matching engine, AIXOR handles millions of concurrent orders and achieves transaction execution speeds in milliseconds, guaranteeing precise order execution even under extreme market conditions to avoid slippage.
    – Diverse Trading Products to Meet Various Needs
    The platform supports multiple trading modes such as spot, contracts, leverage, ETFs, liquidity mining, and staking, covering mainstream crypto assets such as BTC, ETH, SOL, XRP, among others, and continually expands to offer new investment products, providing users with diverse asset allocation choices.
    – Global Compliance Qualifications, Trustworthy
    AIXOR holds multiple financial licenses in various countries, including the US MSB (Number: 31000292188716) and SEC certification, rigorously complying with international regulatory requirements to ensure transparency, safety, and legality in trading.

    Genesis AI Pro 5.0: Breaking Traditional Trading Strategies with AI-Driven Intelligent Investment
    The core technological advantage of AIXOR Exchange is embodied in its brand-new AI trading system—Genesis AI Pro 5.0. As an industry-leading AI-driven trading technology, Genesis AI Pro 5.0 features three core breakthroughs:
    – Adaptive to Market Changes, Smartly Optimizing Trading Strategies
    Unlike traditional trading systems with fixed rules, Genesis AI Pro 5.0 can dynamically learn market trends and automatically optimize trading strategies, managing to maintain robust performance even in highly volatile market environments, helping investors reduce risks and enhance returns.
    – Cross-Market Compatibility, More Flexible Asset Allocation
    Genesis AI Pro 5.0 is not only applicable to the cryptocurrency market, but it also spans multiple markets including stocks, forex, and futures, allowing investors to achieve dynamic allocation across various asset classes through the system, maximizing capital efficiency.
    – Millisecond Trading Execution, Accurately Catching Market Opportunities
    Based on big data analysis and AI smart decision-making, Genesis AI Pro 5.0 completes market scanning, risk assessment, and trade execution in milliseconds, helping users lock in the best trading opportunities at the first moment of market changes.

    AIXOR, Leading a New Era of Cryptocurrency Trading
    The inception of AIXOR Exchange is not only a significant breakthrough in the global digital asset trading market but also a model for the integration of AI technology and blockchain finance. Moving forward, AIXOR will continue to promote intelligent trading, providing global users with a more efficient, secure, and transparent investment environment.

    Join AIXOR now and embark on a new era of intelligent trading!

    About AIXOR
    AIXOR is a global leading digital asset exchange dedicated to providing a secure, efficient, and intelligent trading environment through AI technology and blockchain innovation. The platform covers a variety of investment products including spot trading, contracts, ETFs, and leverage trading, and holds global compliance licenses to offer professional digital asset trading services to investors worldwide.

    Media Contact
    Company Name: AIXOR
    Website: https://altafs.com
    Contact: Jimmy anne
    Email: server(at)altafs.com

    Disclaimer:  The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: RateUniversity Hosts Free First-Time Homebuyer Education Event in Boston

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, March 31, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, reinforces its dedication to expanding homeownership access by hosting RateUniversity Boston, a free first-time homebuyer education event on Saturday, April 26, 2025, from 10 AM to 1 PM at Roxbury Community College, Building 3.

    Visit Rate.com to Register Today

    RateUniversity is more than just a financial literacy event—it’s a unique, interactive experience designed to bridge the financial knowledge gap that affects adults from all backgrounds. While many financial workshops focus on underserved communities, RateUniversity recognizes that a lack of financial education is a widespread issue, even among college graduates and working professionals. The program is structured to provide practical, strategic knowledge about credit, mortgages, and financial tools that empower individuals to build wealth through homeownership.

    “RateUniversity is not just another financial workshop. It’s about filling the massive knowledge gap for so many adults, regardless of their background or education level,” said Shant Banosian, President of Rate Mortgage. “Most people graduate high school, college, and even advanced degree programs. But, they never learn how credit works, how to leverage a mortgage, or how financial products can be a tool for building wealth. That’s a huge problem. RateUniversity is designed to change that by making financial education accessible, engaging, and directly applicable to people’s lives. We want to give people the knowledge they need to make informed decisions, take control of their financial future, and ultimately, build generational wealth.”

    Originally launched in Chicago, RateUniversity continues to expand into new cities, bringing financial education to diverse communities in an engaging, culturally relevant, and interactive format. Attendees of the Boston event will participate in bilingual workshops in English and Spanish, covering essential financial topics such as building credit, understanding mortgage options, and accessing specialized affordable lending programs. Bilingual loan officers will be available for one-on-one consultations, answering questions and assisting with pre-approvals.

    RateUniversity attendees can expect:

    • Free educational workshops in English and Spanish
    • One-on-one consultations with bilingual loan officers
    • Expert guidance on homebuying programs and financial planning
    • Access to nonprofit resources focused on homebuyer assistance and grants
    • Networking opportunities with real estate professionals and community partners
    • Complimentary food and refreshments

    In addition, attendees who complete the program and proceed with a home purchase will be eligible for a $500 closing cost credit.

    “At Rate, we are committed to making financial wellness an integral part of homeownership,” said Arlyn Kalinski, SVP of Fair & Equitable Lending Strategies for Rate. “RateUniversity isn’t just about learning the basics of credit and mortgage lending—it’s about empowering people with the tools and strategies they need to build a stronger financial future. By delivering expert guidance in multiple languages and partnering with community organizations, we’re creating real opportunities for more families to achieve homeownership.”

    Media Availability

    The Rate team will be available for media interviews. Please contact press@rate.com for direct coordination.

    For more information or to register for RateUniversity, visit rate.com/rateuniversity.

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service.

    Honors and awards include Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years.

    Visit rate.com for more information.

    Media Contact

    press@rate.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Broadcom Advances Optical Connectivity for AI Infrastructure with Industry-Leading Solutions at OFC 2025

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO) today announced the expansion of its portfolio of optical interconnect solutions to enable AI infrastructure. These innovative technologies, including advancements in co-packaged optics (CPO), 200G/lane DSP and SerDes, 400G optics, and PCIe Gen6 over optics, will be showcased at the 2025 Optical Fiber Communications Conference and Exhibition (OFC). Broadcom’s demonstrations highlight the company’s roadmap towards 200T optical interconnect solutions.

    AI workloads are rapidly increasing, driving the need for higher bandwidth, lower latency, and more power-efficient optical interconnects. Broadcom is meeting these evolving demands with a comprehensive portfolio of innovative solutions designed to support the growth and scalability of AI clusters. These solutions include low-power, high-bandwidth DSP, SerDes and CPO for reduced power consumption and improved signal integrity, and PCIe Gen6 over optics for enhanced connectivity between AI accelerators and other system components.

    At OFC, Broadcom is showcasing a wide range of novel technologies underscoring our commitment to developing cutting-edge solutions for AI infrastructure:

    • XPU-CPO: Industry’s first 6.4-Tbps optics attach for custom AI accelerator (XPU) enabling high bandwidth, long reach scale-up fabric connectivity for AI servers.
    • Sian3: State-of-the-art 3nm 200G/lane DSP delivering industry’s lowest power consumption with enhanced performance for 800G and 1.6T optical transceivers over SMF.
    • Sian2M: Industry’s first 200G/lane DSP with integrated VCSEL drivers enabling low power, short reach MMF links in AI clusters.
    • 200G/lane Lasers: Leading-edge 200G VCSEL, EML and CWL technologies facilitating high speed interconnects for front-end and back-end networks of large-scale AI clusters.
    • 400G EML: Industry’s first demonstration of 400G EML technology for next-generation AI optical interconnects.
    • PCIe Gen6 over Optics: Industry’s first demonstration of PCIe Gen6 optical connectivity for AI scale-up fabric using Broadcom’s market-proven 100G VCSEL and photodetector.
    • LPO / BCM957608 NIC: Industry-leading 400G PCIe Ethernet NIC connecting with LPO module to enable scalable AI networks with high performance and efficiency.
    • Co-Packaged & Near-Packaged Copper: State-of-the-art 200G/lane copper link solutions enabling cost-effective, high-bandwidth connectivity in emerging AI architectures.
    • 7m+ AEC for 800G: Industry’s first 800G AEC retimer solution extending DAC cable reach beyond 7 meters.

    “OFC’s 50th anniversary provides the opportunity to recognize the industry’s many achievements, including Broadcom’s industry-first contributions to this field,” said Charlie Kawwas, Ph. D., President, Semiconductor Solutions Group, Broadcom. “A year ago, Broadcom committed to pushing technical boundaries to pioneer new open, scalable and power-efficient technologies to enable AI infrastructure. Our portfolio of optical interconnect solutions, highlighted at OFC 2025, paves the way to 200T by addressing the performance, power, and scalability challenges of AI clusters.”

    In addition, Broadcom is collaborating with more than 15 partners to demonstrate a wide array of its industry-leading solutions across the show floor. Throughout the conference, Broadcom is speaking on the technical challenges and advancements in optical networking and communications. Key talks and technical panel sessions this year include:

    • High Power and Multi-Wavelength Laser Light Sources: How Can They Address the Needs of AI/ML Interconnect?, Sunday, March 30, 1:00pm – 3:30pm, Room 215.
    • How Do Co-Packaged Optics Become Manufacturable?, Sunday, March 30, 4:00pm – 6:30pm, Rooms 203-204.
    • Short and Sweet: How Do We Cost-Optimize a 10-Meter Link for Scaling Up Machine Learning Clusters?, Sunday, March 30, 4:00pm – 6:30pm, Rooms 211-212.
    • Towards 400G/λ IM-DD: How to Pick up the Next Factor of 2?, Sunday March 30, 4:00pm – 6:30pm, Rooms 213-214.
    • The Evolution from Copper to Optical – Where is the line?, Monday, March 31, 1:00pm – 2:00pm, Optica Executive Forum.
    • Optimized Interconnect for AI Scale-Out and Scale-Up, Tuesday April 1, 12:15pm – 12:45pm, Expo Theater III.
    • Modular Structures with EML Thin Film LN and Ring-Based, Tuesday, April 1, 2:00pm – 4:00pm, Room 301.

    The 2025 conference takes place in San Francisco from March 30 to April 3. To learn more about these technical speaking sessions, joint partner demonstrations, technology showcases, key Broadcom news, and other activities at OFC, please visit here.

    About Broadcom
    Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.

    Broadcom, the pulse logo, and Connecting Everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.

    Press Contact:
    Khanh Lam
    Global Communications
    press.relations@broadcom.com
    Telephone: +1 408 433 8649

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Incorta Named a Workday Innovation Partner

    Source: GlobeNewswire (MIL-OSI)

    FOSTER CITY, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Incorta, the pioneering open data delivery platform, today announced it has been named a Workday Innovation Partner. The expanded partnership helps organizations streamline and accelerate enterprise data accessibility.

    “Expanding our partnership with Workday is a testament to Incorta’s relentless focus on innovation and value delivery,” said Osama Elkady, CEO of Incorta. “Together, we unlock the full potential of enterprise data, empowering customers to make precise, data-driven decisions with unprecedented speed and confidence.”

    Transforming Data Accessibility with Workday Adaptive Planning

    Since becoming a Workday partner in May 2024, Incorta and Workday have been redefining how enterprise data is accessed and utilized. Together, they’re streamlining data delivery and empowering businesses to make faster, more informed decisions. By dramatically reducing the time and effort required to prepare complex enterprise data for analysis, Incorta and Workday are setting a new standard for data-driven planning and forecasting.

    Incorta’s unique Direct Data Mapping technology enables Workday Adaptive Planning customers to access the most timely, complete enterprise data – across finance, operations and supply chain – while significantly reducing the need for traditional data engineering and transformation efforts that often consume excessive time, money and resources. By eliminating complex ETL pipelines, this integration seamlessly extracts subledger-level detail from a variety of operational systems—including ERP, CRM, HCM, MSE and more—ensuring finance and operations teams have real-time, comprehensive insights for planning and decision-making.

    Incorta’s Integration with Workday Adaptive Planning Provides Organizations with:

    • Workday-Certified Integrations: Facilitates access to enterprise-wide data from seven ERP providers, providing trusted and reliable connectivity.
    • Granular Data Extraction: Unlocks detailed, transaction-level data from complex systems of record, closing data gaps and enhancing visibility.
    • Accelerated Data Readiness: Eliminates the need for custom scripts and manual data prep, reducing setup time and accelerating time-to-insight.
    • Available on Workday Marketplace: Easily discover and deploy Incorta’s analytic-ready data solutions on Workday Marketplace with confidence.

    For more information, visit Incorta’s page on Workday Marketplace.

    About Incorta

    Incorta is the first and only unified data analytics platform that enables real-time analysis of live, detailed data across all systems of record—without the need for complex ETL processes. By enabling direct analysis on raw, source-identical data, Incorta provides faster, more accurate insights while removing barriers to exploration. With intuitive low-code/no-code tools, AI-powered querying through Nexus, and prebuilt business data applications, enterprise teams can quickly surface insights, break down technical roadblocks, and make smarter decisions without heavy engineering effort. For more information, please visit www.incorta.com.

    Media Relations Contact:

    Elizabeth Byington

    incorta@sparkpr.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Varonis Achieves Sustaining Partner Status with Black Hat

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 31, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the data security leader, is proud to announce its new status as a Sustaining Partner with Black Hat and share its full event schedule for Black Hat Asia 2025, taking place April 1 – 4 in Singapore.

    As a new Sustaining Partner, Varonis joins an elite group of security leaders that includes CrowdStrike and Wiz. The partnership underscores Varonis’ commitment to advancing cybersecurity knowledge and innovation through its ongoing presence at Black Hat’s global events, including Black Hat Asia, Black Hat USA, SecTor, and others.

    Varonis is pleased to announce its return to Black Hat Asia this week and invites attendees to visit our booth and engage with our team:

    Visit Varonis: Stop by booth #509 in the Business Hall to learn how Varonis’ cloud-native Data Security Platform enables organizations to protect data and reduce risk in the AI age. Hear how Varonis helps customers identify, remediate, and alert to threats on data across IaaS and SaaS with game-changing automation.

    Expert Session – Safely Enabling AI Copilots with Varonis: During this session, Varonis Cloud and Security Architecture Director Mike Thompson will demonstrate how easily your company’s sensitive data can be exposed using simple prompts with Microsoft 365 Copilot. Hear practical steps and strategies to help you roll out AI safely and prevent data exposure.

    Date: Thursday, April 3, at 10:15 a.m.
    Location: Business Hall Theater A

    Additional Resources:

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

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

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

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

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

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Energy Income Fund Announces Board Changes at its Manager, Artemis Investment Management Limited

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 31, 2025 (GLOBE NEWSWIRE) — The Energy Income Fund (TSX: ENI.UN) (the “Fund”) announced today that Artemis Investment Management Limited (“Artemis”), the Fund’s trustee and manager, has implemented changes to its board of directors. Effective March 31, 2025, Gavin Swartzman, a long-standing director of Artemis, has retired from the board.

    Artemis extends its sincere appreciation to Mr. Swartzman for his dedicated service and valuable contributions throughout his tenure. His leadership and guidance have been instrumental in supporting Artemis’s oversight and management of the Fund.

    Concurrently, Artemis has appointed Dani Shields as a director of Artemis, effective March 31, 2025. Ms. Shields, currently serving as Senior Vice President and General Counsel of Peerage Capital, an Artemis-affiliated company, brings extensive experience in mergers and acquisitions, private equity, employment law, real estate portfolio management, and financial transactions.

    Artemis is pleased to welcome Ms. Shields to its board of directors.

    For further information, please contact Artemis Investment Management Limited’s investor relations at (416) 934-7455, email info@artemisfunds.ca, or visit www.artemisfunds.ca.

    The MIL Network –

    April 1, 2025

  • MIL-OSI Security: NATO Innovation Hackathon recognises advanced technologies for defence

    Source: NATO

    From 11 to 18 March 2025, NATO and the Defence Innovation Accelerator for the North Atlantic (DIANA) brought together more than 60 companies from across the Alliance to compete in the first NATO Innovation Hackathon. The aim was to uncover new technological solutions to improve intelligence gathering and Unmanned Arial Vehicles (UAV) and electronic warfare system detection, including in degraded visual environments, such as at night.

    Challenges run during the competition were directly drawn from those faced daily in war zones such as Ukraine. To address these challenges, contestants were assisted by mentors from DIANA and the Ukrainian innovation ecosystem. 

    The hackathon rewarded ten companies for their proposed technological solutions in areas such as AI, acoustic sensors, robotics and Unmanned Aerial Systems (UAS) detection. In addition to up to 20,000 EUR funding, the winning teams were also offered the opportunity to further engage with DIANA.

    The NATO Innovation Hackathon underscores NATO’s commitment to accelerating the development and adoption of innovative defence technologies. It also contributes to the implementation of the NATO-Ukraine Innovation Cooperation Roadmap and actively supports Ukraine’s needs from the battlefield.

     

    MIL Security OSI –

    April 1, 2025

  • MIL-OSI: Cash-Rich Ultra Luxury Travelers Boost Spend, Seek Wellness in 2025, Flywire Survey Reveals

    Source: GlobeNewswire (MIL-OSI)

    80% of those surveyed are planning to spend more on trips next year; almost half of those who spend $25K per vacation plan to spend much more than before

    97% ultra luxury travelers say they are likely to take a trip to reduce stress, reduce anxiety and/or fully unplug in the next year

    Discerning travelers continue to prioritize simplicity and security for high-value payments

    BOSTON, March 31, 2025 (GLOBE NEWSWIRE) — Elite travelers are seeking highly-personalized, exclusive and high-end travel experiences that will enhance their own wellbeing, according to a new report from Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company. And on a quest to feel recharged and enriched, these ultra luxury travelers are prepared to pay what it takes to have unique access to experiences. Among those who spend more than $25,000 per vacation, almost half say they are prepared to spend much more than before for once in a lifetime travel experiences.

    Flywire’s new report, Unlocking ultra luxury travel in 2025, based on a survey of more than 500 ultra luxury travelers from the U.S., details the preferences of this elite class of travelers and the implications for the travel providers who cater to this market. Exploring topics from accommodation preferences and high-end advisors to payment security and choice, the findings suggest that to meet travelers’ demands, providers will need to offer seamless customer experiences and exclusive experiences that are personalized, high-touch and frictionless from start to finish.

    “Our research shows us that ultra luxury travelers are as motivated by the ability to unplug from the world in their travels as they are to have once-in-a-lifetime experiences. More so, many of them are planning to spend more in pursuit of these experiences than before, reflecting luxury travel’s resilience and expanding global appeal,” said Colin Smyth, SVP and GM of Travel at Flywire.

    Ultra luxury travelers value tailor made experiences and highly personalized service interaction, relying on advisors for true luxury experience

    Luxury travel is about more than just exclusive accommodations, according to 92% of respondents it’s more the access to people, places and experiences that represent all that is authentic about a destination. Moreover, half of respondents said that, for them, luxury travel is defined by once in a lifetime and personalized experiences.

    Key to curating these experiences, according to 96% of ultra luxury travelers, are travel agents or advisors. In fact, nearly 9 in 10 working with travel experts believe it is the only way to have a truly luxury travel experience. Among the reasons respondents gave for using a travel agent/advisor is their expert advice on destinations, activities or operators, and the deep understanding of personal travel preferences travel agents have.

    Wellness, “Joy of Missing Out” and the ability to unplug are important to ultra luxury travel

    Ultra luxury travelers are prioritizing their mental and physical wellbeing through travel. Nearly all respondents say they are likely to take a trip to reduce stress, reduce anxiety and/or fully unplug in the next year, and 9 in 10 said they are interested in taking a wellness vacation, including self-discovery, spa and nature-based retreats.

    Ultra luxury travelers are also embracing slow travel, to really immerse themselves in the experience of their vacation. 93% say they have taken at least one slow travel trip in the past year, and 95% say they are likely to take the same number or more slow travel trips in the coming year. Furthermore, they are focused on doing the things that are important to them, with 84% saying vacations are all about JOMO or the Joy of Missing Out, rather than worrying about what others might be doing.

    Payment experience is loyalty driver, simplicity and security are top concerns

    Almost all luxury travelers who responded (95%) say that how easy it is for them to pay for all parts of their trip is important to them. Critically, around 9 in 10 say they expect a positive payment experience, and, when booking travel, almost all say they choose who they work with based on a positive payment experience.

    Additionally, travelers look to avoid certain pain points when paying for their experiences, such as unexpected fees and exchange rates (34%), the inability to pay in their local currency (24%) or to use their preferred credit card (23%). And security remains top of mind, with 72% of those surveyed concerned about the security of their payments.

    To experience the full report with additional data points and key takeaways, please visit here.

    About Flywire

    Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

    Flywire supports more than 4,500 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the benefits of its travel clients and business, Flywire’s business strategy and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’s Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Contacts

    Media:
    Sarah King
    Media@Flywire.com

    Investor Relations:
    Masha Kahn
    IR@Flywire.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Global Assets Launches AI Intelligent Trading System to Create a Safe and Efficient Global Trading Platform

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 31, 2025 (GLOBE NEWSWIRE) — Recently, the renowned integrated trading platform Global Assets officially launched its new AI intelligent trading system, aiming to enhance global trading efficiency through technological innovation, optimize user experience, and contribute to the creation of a secure and efficient global trading platform. The introduction of this new system marks a significant step for Global Assets in the field of smart finance and further solidifies its leading position in the global market.

    Technology-Driven, Opening a New Chapter in Intelligent Trading

    As digitization and intelligence penetrate deeper, the demand for technology in the trading market is ever-increasing. The AI intelligent trading system launched by Global Assets integrates cutting-edge technologies such as big data analysis, machine learning, and blockchain, aiming to provide users with intelligent and automated trading services that reduce the uncertainties brought about by human factors.

    Intelligent Market Analysis: The system can automatically process and analyze vast amounts of market data, helping users make more informed trading decisions.

    Millisecond Trading Execution: Utilizing advanced algorithms to enhance transaction speed and efficiency, ensuring precise timing in trades.

    Optimized Risk Control: The intelligent system dynamically adjusts strategies to mitigate the adverse impact of market fluctuations on trading.

    The release of this intelligent system allows both novice and professional traders to participate in the market more easily through advanced technology, enhancing their trading experience.

    Diverse Trading Ecosystem to Meet Global User Needs

    As an international integrated trading platform, Global Assets provides users with a one-stop trading solution by covering a variety of asset classes. Whether it’s digital assets, stocks, commodities, or other financial products, users can easily manage and configure everything on a single platform.

    Digital Asset Trading: Supports various mainstream digital currencies, helping users keep pace with the development of blockchain technology.

    Commodities and Stock Market Access: Covers popular commodities such as gold and crude oil, as well as major global stock markets, meeting diverse investment needs.
    This diversified trading ecosystem not only enhances market liquidity but also provides global users with more investment opportunities and flexibility.

    Empowering Asset Management Efficiency with Blockchain Technology

    To further optimize user asset liquidity, Global Assets actively explores the application of blockchain technology in finance. Through smart contract technology, the platform has achieved comprehensive improvements in asset safety, transparency, and liquidity.

    Smart Contract-Driven: The trading process is transparent and traceable, avoiding the intermediary risks seen in traditional finance.

    Rapid Approval and Low Costs: Compared to traditional financial services, blockchain technology greatly reduces transaction costs and shortens processing times.
    This technological innovation not only brings users higher capital efficiency but also sets a new benchmark for the digital development of financial markets.

    A Trusted Global Trading Platform

    In terms of security and compliance, Global Assets always adheres to industry high standards to ensure the safety of user funds and information. The platform employs bank-level encryption technology, combined with multiple identity verifications and real-time risk monitoring, to ensure a stable and reliable trading environment. Additionally, Global Assets boasts a global user service network, providing 24/7 customer support, dedicated to delivering a convenient and worry-free trading experience to every user.

    Driving the Future of Smart Finance

    Global Assets’ AI intelligent trading system not only showcases the platform’s strength in technological innovation but also demonstrates its foresight in the intelligent development of global financial markets. In the future, Global Assets will continue to delve into the smart finance sector, providing users with more valuable trading services and contributing to the sustainable development of the global trading market.

    Media Contact
    Company Name: Global Assets
    Website: https://global-assets.com
    Email: service(at)global-assets.com
    Contact: Markus Johann Fischer

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: AMD Completes Acquisition of ZT Systems

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., March 31, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced the completion of its acquisition of ZT Systems, a leading provider of AI and general-purpose compute infrastructure for the world’s largest hyperscale providers. The acquisition will enable a new class of end-to-end AI solutions based on the combination of AMD CPU, GPU and networking silicon, open-source AMD ROCm™ software and rack-scale systems capabilities. It will also accelerate the design and deployment of AMD-powered AI infrastructure at scale optimized for the cloud.

    AMD expects the transaction to be accretive on a non-GAAP basis by the end of 2025. The world-class design teams will join the AMD Data Center Solutions business unit led by AMD Executive Vice President Forrest Norrod. AMD is actively engaged with multiple potential strategic partners to acquire ZT Systems’ industry-leading U.S.-based data center infrastructure manufacturing business in 2025.

    “With the rapid pace of innovation in AI, reducing the end-to-end design and deployment time of cluster-level data center AI systems will be a significant competitive advantage for our customers,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions business unit at AMD. “Acquiring ZT Systems is a significant milestone in our AI strategy to deliver leadership training and inferencing solutions that are optimized for our customers’ unique environment, ready-to-deploy at scale, and based on our open ecosystem approach that combines open-source software, industry standard networking technologies and now ZT Systems’ leadership systems design and customer enablement expertise. We welcome Frank Zhang, Doug Huang and the talented ZT Systems team to AMD, where together we will offer customers both choice and speed to market, allowing them to invest in key areas where they choose to differentiate their AI offerings.”

    Former ZT Systems Founder and CEO Frank Zhang joins AMD as senior vice president of ZT Manufacturing, reporting to Forrest Norrod, where he will help lead the divestiture of the manufacturing business. Former ZT Systems President Doug Huang joins AMD as senior vice president of Data Center Platform Engineering, also reporting to Forrest Norrod. In this role, he will lead design and customer enablement teams, working closely with the AMD Data Center Solutions business unit and AI Group to accelerate time-to-market for data center AI solutions.

    About AMD

    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages. 

    Cautionary Statement

    The statements in this press release include forward-looking statements concerning Advanced Micro Devices, Inc. (AMD), ZT Systems, the proposed sale of ZT Systems’ manufacturing business and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” “anticipates,” “designed,” or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements in this press release relate to, among other things, data center AI accelerator opportunity, the integration of the businesses, sale of ZT Systems’ manufacturing business, and the expected benefits, accretion, synergies and growth to result therefrom. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: risks that the businesses will not be integrated successfully, the ability of AMD to sell ZT Systems’ manufacturing business on a timely basis or at all, or that AMD will not realize expected benefits, cost savings, accretion, synergies and/or growth, or that such benefits may take longer to realize than expected; the risk that disruptions from the transaction will harm business plans and operations; risks relating to unanticipated costs of integration and sale of ZT Systems’ manufacturing business; significant transaction, integration and separation costs, or difficulties and/or unknown or inestimable liabilities in connection with the transaction or sale of ZT Systems’ manufacturing business; restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; the potential impact of the consummation of the transaction or sale of ZT Systems’ manufacturing business on AMD’s relationships with suppliers, customers, employees and regulators; and demand for AMD’s products. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned “Risk Factors” in AMD’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.

    Contact:
    Brandi Martina
    AMD Communications
    (512) 705-1720
    Brandi.Martina@amd.com

    Liz Stine
    AMD Investor Relations
    (720) 652-3965
    Liz.Stine@amd.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Investview, Inc. (“INVU”) Reports Full Year 2024 Financial Results, Operational Highlights and a Year-End Message from the CEO

    Source: GlobeNewswire (MIL-OSI)

    $55.4M in Gross Revenue | $8.3M in Net Cash Provided by Operating Activities | Strong Balance Sheet |Share Repurchase Program and Strategic Expansion- for the year ended December 31, 2024

    Haverford, PA, March 31, 2025 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology services company that offers multiple business units across key sectors, including a financial education division offering tools, products and content through a global network of independent distributors; a manufacturing division focused on proprietary aesthetics, health, nutrition, & cognitive wellness products for wholesale and retail markets, with strategic plans for global expansion; an early-stage online trading platform that intends to offer self-directed retail brokerage services; and a business unit that owns and operates a sustainable blockchain business focused on bitcoin mining, today reported its full-year 2024 financial results and shared highlights of key operational progress, strategic milestones, and forward-focused initiatives.

    Summary Consolidated Financial Highlights:

    Results of Operations and Net Cash Provided by Operating Activities – Twelve Months Ended December 31, 2024 vs December 31, 2023

    • Gross Revenue (a Non-GAAP measure) decreased 24.0% to $55.4 million for the twelve months ended December 31, 2024, as compared to $72.9 million for the comparable prior year period.
    • Net Revenue decreased 22.9% to $52.4 million for the twelve months ended December 31, 2024, as compared to $67.9 million for the comparable prior year period.
    • Net income from operations decreased 63.2% to $1.7 million for the twelve months ended December 31, 2024, as compared to $4.6 million for the comparable prior year period.
    • Net cash provided by operating activities increased 36.9%, reaching $8.3 million for the twelve months ended December 31, 2024, as compared to $6.1 million for the comparable prior year period, reflecting the results of our disciplined business model.

    Balance Sheet Data-December 31, 2024, vs December 31, 2023

    • Cash and cash equivalents increased by 7.4%, reaching $22.5 million for twelve months ended December 31, 2024, an increase of $1.6 million from $20.9 million at December 31, 2023, even after having repurchased $3.4 million of common stock and $1.1 million for the acquisition of substantially all the assets of Renu Laboratories Inc. during 2024. Our cash balances provide us with working capital that we can direct towards our strategic initiatives and growth investments.
    • Total assets at December 31, 2024 were $31.6 million, a decrease of $2.1 million from $33.7 million of assets at December 31, 2023, mainly due to non-cash depreciation and impairment charges relating to our mining servers and a decrease in deposits with vendors, partially offset by an increase our cash balance, an increase in Bitcoin holdings and the addition of a goodwill balance related to the acquisition of substantially all the assets of Renu Laboratories Inc.
    • Working Capital Balance increased by 30.8% to $16.2 million at December 31, 2024, an increase of $3.8 million from December 31, 2023.
    • Current Ratio is strong, up 14.3%, reaching 2.32 at December 31, 2024, an increase of 0.29 from our previous current ratio of 2.03 at December 31, 2023, confirming our strong balance sheet position.
    • Outstanding debt decreased by 10.0%, to $3.2 million at December 31, 2024, a decrease of $0.4 million, from the $3.6 million of debt at December 31, 2023, with total liabilities also decreasing by $0.5 million during the comparative period.
    • Total stockholders’ equity at December 31, 2024 was $17.2 million, a decrease of $1.6 million or 8.5% from the $18.8 of stockholders’ equity at December 31, 2023, mainly due to the repurchase of common shares during 2024.
    • Common stock issued and outstanding decreased by approximately 20.3% to 1.859 billion shares at the end of December 31, 2024, a decrease of 474 million shares from 2.333 billion shares at December 31, 2023, primarily attributable to strategic stock repurchases aimed at further reducing outstanding share count in an effort to enhance shareholder value.

    Comments on our industry segments and business units

    Our Financial Education and Technology Segment

    iGenius recognized net revenue for the twelve months ending December 31, 2024, of $47.1 million. This reflects a decrease of 16.8% or $9.5 million less than the comparable prior year period. The decrease was largely attributable to a combination of shifts in consumer behavior and demand following the COVID-19 pandemic as individuals re-evaluated their spending priorities, lifestyle habits, and engagement preferences, as well as broader global macroeconomic changes that have caused a general slowdown in direct sales and home-based business. Despite the drop in revenue, we are hopeful that over time we can regain some of the ground that we have lost as we try to build our sales network organically and develop additional product and service offerings that we offer into our sales network. We firmly believe our direct selling model has broad scalable potential beyond financial education. As part of our strategic vision, we expect to be able to expand the product suite available through our sales network—particularly through the introduction of offerings from our myLife Wellness- health, beauty, and wellness division.

    Our Blockchain Technology and Crypto Mining Products and Services Segment

    SAFETek recognized net revenue for the twelve months ending December 31, 2024, of $5.2 million. This reflects a decrease of 54.2% or $6.2 million less than the comparable prior year period. The decrease in net revenue was the result of Bitcoin halving, which cut block rewards by 50%, an increase in network difficulty over 29%, and a government-mandated energy curtailment resulting from low hydroelectric reservoir levels in our host country.

    Despite the challenging environment in which we now operate, in 2024, SAFETek produced 85.92 Bitcoin, navigating industry-wide headwinds including the April halving event, a sharp rise in network difficulty, and a government energy curtailment. While these factors impacted output, they also helped reduce power costs, turning a challenge into a cost-management initiative that we expect will serve us well over time.

    Further, in 2024, we implemented strategic enhancements, including the retirement of older miners, deployment of next-gen ASICs, and consolidation of operations, significantly lowering our hash cost and strengthening our market position. As a result, we remain debt-free on all equipment purchases and maintain flexibility with our strong balance sheet, as we evaluate future expansion opportunities.

    Despite the challenging environment, our long-term view of BTC mining remains cautiously optimistic, and we are maintaining a disciplined and strategic posture while preparing for future expansion should the economic environment return to prior levels.

    Our Manufacturing and Development of Health, Beauty and Wellness Products Segment

    In October 2024, we entered the over-the-counter health, beauty, and wellness market when our subsidiary, myLife Wellness Company (“myLife Wellness”), acquired the business of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer, producing both proprietary and non-proprietary health, beauty, and wellness products for third-party clients. This move creates the potential for us to extend our platform into consumer verticals, with a focus on aesthetics, nutrition, and cognitive health. Since the acquisition, we’ve strategically accelerated investment in Renu Labs’ technology, equipment, and talent, resulting in measurable improvements in production and operational efficiency.

    myLife Wellness will serve as both the marketing and e-commerce platform engine for the products developed and manufactured by Renu Labs, with a focus on aesthetics, health, nutrition, and cognitive wellness. These products are expected to be distributed through both retail and wholesale channels. In addition to operating as a standalone platform, myLife Wellness also expects to be able to leverage retail, wholesale, and direct-to-consumer channels through collaboration with our affiliated business platform, iGenius, to promote and offer myLife wellness products to its global membership base and its customers, expanding reach and creating new revenue opportunities.

    We plan to further the development and growth of both Renu Labs and myLife Wellness in 2025, as well as establishing our presence in the health and wellness industry and supporting our broader global growth objectives.

    Our Financial Services Initiatives

    March 2024 marked a major milestone in our fintech initiatives with the acquisition of Opencash Securities LLC—an early-stage registered broker-dealer. Although it has not yet achieved commercial operations, it is our objective to develop Opencash as a modern, mobile-first platform for low-cost, and commission-free trading of stocks, ETFs, and options, targeting accessibility and simplicity for retail investors worldwide. Currently, Opencash is progressing through clearing integration, infrastructure buildout, and testing in preparation for launch.

    Our Opencash initiative is intended to complement our proprietary MPower Trading Systems- Prodigio trading engine, acquired in 2021, and once fully developed, may be expected to yield two synergistic platforms: Opencash for everyday users and OpencashPro for advanced traders. Together, they will offer a seamless, data-driven trading experience.

    Message from Investview’s CEO – Victor Oviedo

    2024 was a transformative year for Investview—one marked by strategic discipline and a focused commitment to delivering long-term shareholder value. Aligned with our capital allocation priorities, we successfully reduced our outstanding debt by 10%, or $0.4 million, bringing it to $3.2 million by year-end. Simultaneously, we advanced our shareholder-focused strategy through a significant reduction in common stock by repurchasing and retiring approximately 474 million shares, a 20.3% decrease in issued and outstanding shares, at a blended 53% discount to the market.

    These actions reflect our continued focus on building intrinsic value while enhancing capital structure efficiency. Importantly, even after executing these initiatives, we concluded the year with a strong cash position of $22.5 million, providing us with both the resilience and flexibility to pursue appropriate investment opportunities, should they arise, pursue strategic acquisitions, and fund the continued development of our platforms.

    Further, the Company recently announced in March 2025 the launch of a $1 million share repurchase program, reaffirming its confidence in the long-term value of its business. This initiative reflects management’s belief that the current market price of its common stock does not accurately reflect the Company’s underlying strength and growth potential.

    Despite a challenging macroeconomic environment and industry headwinds, Investview continues to demonstrate resilience, adaptability, and long-term vision across its dynamic portfolio of business units—including financial education, wellness product manufacturing, sustainable blockchain mining, and a soon-to-launch online trading platform.

    As we look to the future, our aspirations are clear: scale our highest-potential business segments, maintain financial strength, and unlock new sources of value across our ecosystem.

    Entering the Wellness Market with myLife Wellness and Renu Labs

    Our entry into the over-the-counter health, beauty, and wellness market reflects a strategic step in broadening our platform and aligning with growing consumer demand in key wellness categories. This expansion began when our subsidiary, myLife Wellness Company (“myLife Wellness”), acquired the business of Renu Laboratories, Inc. (“Renu Labs”), a contract developer and manufacturer of both proprietary and non-proprietary health, beauty, and wellness products for third-party clients.

    The acquisition provides a pathway for us to extend into consumer verticals with a focus on aesthetics, nutrition, and cognitive health areas that complement our broader long-term growth objectives.

    In addition to myLife Wellness operating as a standalone platform, myLife Wellness also expects to be able to leverage retail, wholesale, and direct-to-consumer channels through collaboration with our affiliated business platform, iGenius, to promote and offer myLife wellness products to its global membership base and its customers, expanding reach and creating new revenue opportunities.

    Since the acquisition, we have made targeted investments in Renu Labs’ technology, equipment, and team. These enhancements have already contributed to improved production capacity and operational efficiency, laying a solid foundation for continued growth and development in this space.

    Positioned for a Breakout Year in 2025 and Beyond

    As we move into 2025, Investview is looking to accelerate growth and drive innovation across all verticals. Our key priorities include:

    • Launching the Opencash trading platform
    • Expanding iGenius’ global distribution network
    • Investing in new products and technology
    • Pursuing strategic and synergistic acquisitions
    • Maintaining a strong cash position and balance sheet discipline
    • We remain cautiously optimistic as to the long-term value of Bitcoin mining, and we intend to take deliberate steps to stabilize operations until favorable conditions return to support the business expansion.

    We enter 2025 with a clear vision, and a strong sense of purpose. Our leadership team is aligned around innovation, execution, and long-term value creation. With $22.5 million in cash, reduced debt, and a motivated team, we are anxious to pursue new opportunities and unlock shareholder value.”

    At Investview, we are not just building for today—we are shaping a future defined by possibility. We believe the best is yet to come.

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are planning to create a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

    About Opencash Securities LLC

    Brokerage services are provided by Opencash Securities LLC, a member of FINRA and SIPC. Options involve risk and are not suitable for all investors. Please review Characteristics and Risks of Standardized Options prior to engaging in options trading. Opencash Securities LLC does not provide investment advice. Please consult with investment, tax, or legal professionals before making any investment decisions. All investments involve risks, including the possible loss of capital. Check the background of this investment professional on BrokerCheck. Opencash Securities LLC is a wholly-owned subsidiary of Investview, Inc.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect that we will ultimately be able to develop retail brokerage operations at Opencash, although it is currently in the pre-revenue and early stage of its operations. We plan to do this by, among others, investing the funds we believe are necessary to develop the infrastructure necessary to achieve retail operations. This includes, among others, the on-boarding of customer support personnel and software developers, the development and implementation of a marketing strategy, the securing of necessary securities clearing arrangements, and the continued development of the online Opencash trading platform and completing its integration with the proprietary algorithmic trading platform we acquired in September 2021. Despite our best efforts, there can be no assurance that we will be able to achieve these objectively on a timely basis, if at all, as the development of an early-stage securities brokerage business involves inherent regulatory and operational risks and uncertainties. Our forward-looking statements also assume that the curtailment in our hydroelectric energy supply will be addressed within the near term and will not continue to have a long-term negative impact on our Bitcoin mining operations, although we are unable to predict when our mining levels will return to pre-2024 levels. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    Reconciliation of Gross Revenue to Net Revenue (unaudited)

    As used in this report, Gross Revenues are not a measure of financial performance under United States Generally Accepted Accounting Principles (“GAAP”). Gross Revenues are presented as they are used by management to understand the total revenue before certain items such as refunds, incentives, credits, chargebacks and amounts paid to third party providers. The non-GAAP Gross Revenue measure is a supplement to the GAAP financial information. A reconciliation between Gross Revenue (non-GAAP) and Net Revenue is presented in the table below.

    Gross Revenue (non-GAAP) to Net Revenue reconciliation for the twelve months ended December 31, 2024 is as follows:

        Membership
    revenue    		     Mining revenue     Health and wellness product sales     Other Revenue     Total  
    Gross billings/receipts   $ 50,086,839     $ 5,186,606     $ 110,856     $ 23,404     $ 55,407,705  
    Refunds, incentives, credits, and chargebacks     (3,025,549 )     –       (185 )     –       (3,025,734 )
    Net revenue   $ 47,061,290     $ 5,186,606     $ 110,671     $ 23,404     $ 52,381,971  

    Gross Revenue (non-GAAP) to Net Revenue reconciliation for the twelve months ended December 31, 2023 is as follows:

        Membership
    Revenue    		     Cryptocurrency Revenue     Mining Revenue     Miner Repair Revenue     Total  
    Gross billings/receipts   $ 60,516,836     $ 990,785     $ 11,348,156     $ 23,378     $ 72,879,156  
    Refunds, incentives, credits, and chargebacks     (4,480,784 )     –       –       –       (4,480,784 )
    Amounts paid to supplier     –       (477,500 )     –       –       (477,500 )
    Net revenue   $ 56,036,052     $ 513,285     $ 11,348,156     $ 23,378     $ 67,920,871  

    The MIL Network –

    April 1, 2025

  • MIL-OSI: authID Announces Pricing of Approximately $8,150,000 Million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    DENVER, March 31, 2025 (GLOBE NEWSWIRE) — authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 1,811,111 shares  of its common stock (the “Shares”) and/or Pre-Funded Warrants (the “Pre-Funded Warrants”), pursuant to a registered direct offering (the “Registered Direct Offering”). The purchase price for one Share or Pre-Funded Warrant will be $4.50, (each Pre-Funded Warrant will be exercisable into one share of common stock). The aggregate gross proceeds from the Offering are expected to be approximately $8,150,000 million before deducting placement agent fees and other offering expenses.

    The closing of the Registered Direct Offering is expected to occur on or about April 1, 2025, subject to the satisfaction of customary closing conditions.

    Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering.

    Upon closing of this Registered Direct Offering, an Advisory Board will be created, comprising of the following advisors, each having extensive experience in different industry and government sectors where authID’s biometric identity solutions can address critical needs.

    Eric Swider served as the CEO of Digital World Acquisition Corp. (NASDAQ: DWAC) which merged with Trump Media and Technology Group (NASDAQ: DJT), bringing the company public. He currently sits on the public board of the combined company. Mr. Swider founded Renatus Advisors and has been serving as the Managing Partner of Renatus LLC since June 2016.  He is also the co-founder and CEO of Rubidex, a company providing data security through decentralized data storage and blockchain technology.

    Eric Swider said “I am thrilled to participate as both an advisor and investor in authID.  Biometrics will continue to play an increasingly important role as technology evolves and AI is relied upon.  AuthID has a biometric authentication platform proven to provide value beyond the standard participants in this market. I believe there is an opportunity for the company to benefit from these advantages.”

    “Rubidex is a company providing an evolution in data security through decentralized data storage combined with the protection of blockchain technology, I know firsthand the value authID’s biometric PrivacyKey technology offers. I look forward to leveraging both Rubidex’s customers and my other business relationships to help accelerate adoption and growth in the market,” added Swider.

    Donald Nitti is the Founder and Chief Investment Officer of Chroma Ventures, where he has spent over a decade investing in leading technology companies across enterprise, data, and consumer sectors. Some of his notable early and growth-stage pre-IPO investments include Palantir, DigitalOcean, Lyft, Alibaba, and Rubrik. He is also an investor in forward-looking companies such as Apptronik and Radiant Nuclear.

    “I’m incredibly excited to work with the authID management team for years to come. Their technology is truly best-in-class and represents a powerful solution for a wide range of companies. Beyond Chroma’s internal network, I believe many of our co-investment partners will recognize the value that authID brings and will seriously consider how to integrate their solutions across their portfolio companies as well”, said Nitti.

    Mr. Kyle Wool, President of Dominari Holdings Inc. (NASDAQ: DOMH) commented, “My firm is committed to making American companies great, and Dominari Holdings is proud to be the lead placement agent for a company that protects American citizens, especially our youth, from deep fake technologies.  Dominari Securities, our wholly owned Investment Bank, acted as lead placement agent on this important transaction to assist authID in advancing its mission of protecting users by quickly and accurately verifying user’s identity and preventing cybercriminals from taking over accounts.  We appreciate the assistance provided by our Board of Advisors on the transaction, who offered keen insight on the deal. Our goal is to build great American companies.  We are proud to add authID to that list.”

    “The addition of our newly appointed prominent advisors Eric Swider and Donald Nitti is a pivotal moment for our company as it expands authID’s presence by bringing extensive experience and expertise in government and private sector markets opening new opportunities for our industry leading biometric authentication solutions,” said Rhon Daguro, CEO of authID. Our mission is to eliminate fraud and stop account take overs driven by deep fakes. We are extremely pleased to have Kyle Wool and Dominari Holdings assisting us in achieving our goal. 

    authID intends to use the net proceeds for working capital and general corporate purposes.

    The Shares offered in the Registered Direct Offering are being offered by the Company pursuant to a shelf registration statement (Registration No. 333-283580) filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on December 13, 2024. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering will be filed with the SEC and, when available, may be obtained for free on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the Registered Direct offering may be obtained by contacting Madison Global Partners, LLC, Attention: David S. Kaplan, 350 Motor Parkway, Suite 205, Hauppauge, NY 11788, by email at info@madisonglobalpartners.com, or by telephone at (646) 690-0330.

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

    About authID Inc.

    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. With our ground-breaking PrivacyKey Solution, authID delivers all the benefits of biometric identity verification, with a 1-to-1-billion false match rate, while storing no biometric data. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, prevents account takeover, eliminates password risks and costs, and provides the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks, and account takeover.

    For more information, please visit authid.ai.

    Media Contacts

    NextTech Communications
    Walter Fowler
    1-631-334-3864
    wfowler@nexttechcomms.com

    Investor Relations Contacts
    Investor-Relations@authid.ai

    Gateway Group, Inc.
    Alex Thompson
    1-949-574-3860
    AUID@gateway-grp.com

    Cautionary Statement Regarding Forward-Looking Statements:

    This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein are forward-looking statements. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024, filed at www.sec.gov and other documents filed with the SEC for risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Brag House Announces Strategic Innovation Initiatives Following Nasdaq Public Listing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Brag House Holdings, Inc. (NASDAQ: TBH), a pioneering media-tech platform at the intersection of gaming, college sports, and brand engagement, today announced its latest innovation roadmap following its successful public listing on Nasdaq. The company is enhancing its leadership in Gen Z engagement by integrating machine learning (ML) technology and expanding strategic data partnerships to deliver deeper proprietary insights for brands.

    “An important part of our vision has always been to create a seamless connection between brands and the next generation of consumers,” said Lavell Juan Malloy II, CEO & Co-Founder of Brag House. “With our upcoming enhanced AI capabilities and through our partnerships, we are setting a new standard for authentic engagement in the gaming and college sports ecosystem. This marks a pivotal moment for Brag House as we continue our commitment to deliver innovation at scale.”

    Strategic Data Partnership with Artemis Ave and Evemeta

    To further strengthen its data-driven approach, Brag House has entered into a strategic partnership with Artemis Ave and Evemeta, two industry leaders in social-video engagement, AI-powered behavioral insights and data infrastructure. These collaborations will enhance Brag House’s ability to deliver anonymized, actionable insights to brands, offering a smarter, more efficient way to connect with Gen Z.

    Gregory Butler, CEO of ZuCasa (also known as Artemis Ave), commented:
    “The Gen Z audience requires a fundamentally different approach to engagement, one that prioritizes authenticity, relevance, and interactivity. Our partnership with Brag House is a game-changer—bringing AI-powered insights to their clients without sacrificing real human connection. It’s something that is usually overlooked in the digital age that Brag House is committed to solving.”

    Evemeta’s cutting-edge data infrastructure solutions will further optimize Brag House’s real-time analytics capabilities, ensuring scalable and cost-efficient operations for its growing platform.

    Advancing Data-Driven Engagement with AI & Machine Learning

    Brag House is investing in ML-driven engagement tools that will provide brands with deeper insights into Gen Z behavior. These innovations will allow brands to predict user engagement trends, personalize brand interactions, and optimize marketing performance within Brag House’s dynamic gaming and social ecosystem. Additionally, Brag House will offer these insights through a Software-as-a-Service (SaaS) solution, equipping brands with the tools to leverage behavioral data beyond the platform.

    Through predictive analytics and proprietary data modeling, Brag House aims to set a new benchmark for community-driven brand engagement, ensuring that marketing efforts align seamlessly with Gen Z’s evolving digital habits.

    Scaling the Future of Gen Z Engagement

    Brag House has already proven its ability to deliver high-impact engagement and cost-effective brand reach to millions of college students. The platform, to date, drove 1.75X longer view times (19 minutes vs. 11-minute industry average), achieved a 3X lower cost-per-click (CPC) ($0.24 vs. $0.70 industry average), and offered 2X lower cost-per-thousand impressions (CPM) ($3.10 vs. $5.64 industry average). By combining social gaming, AI-driven insights, and strategic brand activations, Brag House is redefining how brands connect with the next generation of consumers—offering measurable engagement at scale.

    As part of its long-term strategy, Brag House will continue expanding its platform capabilities, optimizing its B2B data subscription model, and leveraging Nasdaq listing proceeds to fuel further innovation and global market penetration.

    About ZuCasa

    Holding the exclusive rights for entertainment and gaming to Evemeta’s proprietary Eve encoding, ZuCasa is revolutionizing video engagement for their clients globally through an extensive tech stack of solutions that improve the efficiencies of data modeling and streaming on the back end, while delivering powerful social tools like watch parties and video chat to the end users.

    About Brag House

    Brag House Holdings, Inc. (NASDAQ: TBH) is a next-generation engagement platform that leverages social gaming, AI-driven insights, and collegiate sports to connect brands with Gen Z. Through a community-first approach, Brag House provides immersive experiences, authentic data-driven brand activations, and a scalable engagement model tailored for the modern digital consumer.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including but not limited to the company’s ability to scale its platform, integrate new technologies, and generate sustainable revenue growth. For a full discussion of these risks, please refer to Brag House’s SEC filings.

    Media Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    Investor Relations Contact:
    Adele Carey
    VP, Investor Relations
    ir@thebraghouse.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI Africa: Oando PLC Joins Afreximbank’s AfrexInsure Portfolio

    Source: Africa Press Organisation – English (2) – Report:

    CAIRO, Egypt, March 31, 2025/APO Group/ —

    AfrexInsure, the wholly-owned Specialty Insurance Subsidiary of African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com), has announced its onboarding of Oando PLC as one of its strategic clients, further strengthening the business relationship between Oando PLC and the Bank.

    With Oando on board its clientele portfolio, this new development aligns with Afreximbank’s financial support to the company, with critical risk management solutions, ensuring that the Bank’s investment in Oando PLC’s operations in Nigeria is safeguarded through tailored Specialty Insurance Solutions. By mitigating operational and geopolitical risks, the collaboration would enhance Oando’s resilience, promote sustainable energy development and reinforce Afreximbank’s commitment to economic growth and regional stability in the trade ecosystem.

    Commenting on the partnership, Jonas Mushosho, CEO and Principal Officer of AfrexInsure, said: “This strategic collaboration between Oando and AfrexInsure will help promote local content in Africa’s oil and gas sector. The collaboration, which also underscores a shared commitment aimed at fostering economic empowerment and contributing to the sustainable development of Africa’s natural resources, will also strengthen the African insurance sector by retaining premium flows within the continent and fostering Africa’s financial sustainability.”

    Mr. Mushosho, who noted that Oando PLC and Afreximbank had established a significant business relationship aimed at enhancing trade development in Africa’s energy sector, added that, many multinationals doing business in Africa face high levels of risk in the current volatile and uncertain environment. Greater availability of affordable trade and trade related specialty insurance solutions could mitigate those risks and encourage firms to engage in enhanced industrialisation and export development activities. “This win by AfrexInsure shows how we are supporting the growth of trade and development in Africa by providing required Insurance management services, giving investors the confidence to make investments in Africa. By using African securities, specialty insurance premiums raised in Africa are retained on the continent and are used to contribute to its overall trade and economic development,” he said.

    Commenting on this announcement, Wale Tinubu CON, Group Chief Executive, Oando PLC, said: “We have a longstanding relationship with Afreximbank where we have seen the Bank support our vision for energy in Africa, not only with essential financing but also with invaluable guidance and advisory support. Following our recent acquisition, a tailored risk identification and mitigation approach is paramount. We are confident that our collaboration with AfrexInsure will provide the necessary oversight to ensure both the adequacy and comprehensiveness of our risk management strategy.”

    Afreximbank’s partnership with Oando has included a pivotal role in financing the company’s strategic initiatives in Nigeria’s oil and gas sector, including:

    • Facilitating a US$650-million financing for Oando PLC’s acquisition of Nigerian Agip Oil Company Assets in August 2024, which is expected to enhance Oando’s production capacity from 20,000 to 100,000 barrels of oil equivalent per day, boosting Nigeria’s oil output and economic growth; and
    • Oando PLC’s June 2024 participation, through its Oando Trading subsidiary (“Oando Trading”), in Project Gazelle, the US$3.3-billion structured crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited, in which Oando Trading contributed US$550 million to a US$925-million accordion facility arranged by Afreximbank.

    Established by Afreximbank, AfrexInsure provides specialty insurance products to ensure that right-fit insurance solutions are secured for African clients. The subsidiary provides comprehensive and tailored solutions that secure assets owned by clients and that meet bankability requirements of project funders. It draws on expertise, personalized approach and market knowledge to guarantee that Intra-African Trade Champions and multinationals receive value from programmes backed by top rated insurers capable of paying claims.

    By placing its programme with pan-African (re)insurers and strong local underwriters, AfrexInsure achieves the retention of premiums in Africa, making it possible for such funds to be invested on the continent where African businesses can access them at lower cost.

    MIL OSI Africa –

    April 1, 2025
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