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Category: Artificial Intelligence

  • MIL-OSI Russia: A key event in the world of sociology: the XV International Grushin Conference has started at the State University of Management

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On March 27, the State University of Management hosted the opening of the XV International Grushin Sociological Conference, held by the All-Russian Public Opinion Research Center (VTsIOM).

    The main theme of the anniversary conference is “Human-centredness vs. socio-centredness: individualization and interaction in the modern world.”

    The event is attended by representatives of leading research organizations, universities, government bodies and business structures. In total, more than 1,500 people have registered for the three days of the event.

    The meeting was opened by the General Director of VTsIOM, Valery Fedorov.

    “Our conference has been held regularly since 2010, even the pandemic did not stop us from meeting, albeit online. This year, more than 1,500 people will participate both in person and remotely – this is the core of our community. The Grushin Conference is one of the key events in the field of sociology, we are supported by many opinion leaders and universities. This year, we are at the GUU for the first time and we sincerely thank the university team for the excellent organization,” said Valery Fedorov.

    The rector of the State University of Management, Vladimir Stroev, gave a welcoming speech.

    “It is a great honor for our university to host the anniversary sociological conference. We train young specialists in various fields, including sociologists, and attach great importance to this science. The State University of Management has its own sociological center, where employees and students conduct various studies related to internal and external processes. Also, the Center for Sociological Research “14-35″ operates on the basis of our university. By the way, our active participation in sociological research began with the suggestion of VTsIOM, when we began working on a joint study of student life, interests and moods of young people. Since then, we have been closely interacting in the field of sociology,” Vladimir Vitalyevich noted.

    Also taking part in the plenary session were futurologist, transhumanist, representative of the Russian transhumanist movement, the NeuroCode project Danila Medvedev, expert in creative industries, designer of the social environment, strategist-urbanist of the Artemy Lebedev Studio Oleg Pitetsky, director of the School of Anthropology of the Future of the Presidential Academy of RANEPA, scientific director of the Academy for the Development of Human Potential of SberUniversity Alexander Asmolov, first vice-rector of the National Research University Higher School of Economics Vadim Radaev, scientific director of the ZIRCON Research Group Igor Zadorin and head of the department of the Presidential Administration of the Russian Federation for monitoring and analysis of social processes Andrei Demin.

    The experts discussed the development of approaches to the role of man in society, the formation of social design, the historical influence of different eras on the attitude towards man and development priorities, as well as the adoption of human-centrism as a standard of behavior for business and the state.

    After the plenary session, the work continued in thematic sections, which examined a wide range of topics, from integration processes among young people and training personnel for the research industry to the impact of neural networks on all spheres of life and the possibilities of using artificial intelligence.

    The conference’s general information partner TASS held a section, the participants of which discussed the directions of media development in the modern world and whether the media will be able to once again unite society, form a cultural code and the civil identity of Russians.

    Let us recall that the XV International Grushinskaya Sociological Conference is being held from March 27 to 28 on the territory of the State University of Management, and on March 29 the event will continue online. You can register for the third day of the conference and find out more about the program on its official website.

    Subscribe to the TG channel “Our GUU” Date of publication: 03/27/2025

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

    MIL OSI Russia News –

  • MIL-OSI: Portland Investment Counsel Inc. Announces Alternative Fund Risk Rating Changes

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Ontario, March 27, 2025 (GLOBE NEWSWIRE) — Portland Investment Counsel Inc. (“Portland”) announced today a change to the risk rating of Portland 15 of 15 Alternative Fund and Portland Replacement of Fossil Fuels Alternative Fund (the “Funds”). Portland determines the risk rating for the Funds in accordance with the methodology required by the Canadian Securities Administrators. As a result of its annual review of the investment risk level of the Funds, Portland has determined the risk rating for the Funds will be changing as follows:

    Fund Current Risk Rating New Risk Rating
    Portland 15 of 15 Alternative Fund Medium Medium to High
    Portland Replacement of Fossil Fuels Alternative Fund Medium Medium to High
         

    This change will be reflected in the Funds’ Simplified Prospectus and Fund Facts, which will be filed with Canadian Securities Administrators in connection with the Funds’ 2025 annual renewal.

    There are no changes to the investment objectives or strategies of the Funds.

    For further information, on Portland and the Funds, please visit www.portlandic.com or contact Client Services at 1-888-710-4242, option #1, or email at clientservices@portlandic.com.

    The MIL Network –

  • MIL-OSI: Hakimo secures $10.5M to transform physical security with human-like autonomous security agent

    Source: GlobeNewswire (MIL-OSI)

    Menlo Park, March 27, 2025 (GLOBE NEWSWIRE) — With surging crime rates, acute security staffing shortages, and mounting false alarms, organizations are desperately seeking smarter ways to strengthen their security while reducing costs. Today, Hakimo, a leader in AI-powered physical security monitoring, announced a $10.5 million funding round and the launch of AI Operator, a breakthrough autonomous security agent that monitors existing security hardware, detects threats in real time, and executes response protocols just like a human security professional. 

    The Series A funding round was led by Vertex Ventures and Zigg Capital with participation from RXR Arden Digital Ventures and existing investors Defy.vc and Gokul Rajaram. Hakimo has now raised a total of $20.5 million, including prior funding rounds led by Neotribe Ventures and Rocketship.vc.

    Hakimo founders: Sam Joseph and Sagar Honnungar.

    Hakimo’s AI Operator combines computer vision and generative AI to monitor existing security hardware such as cameras and badge readers. Unlike conventional systems, it can detect any anomaly or potential threat that can be described in words – a breakthrough in physical security monitoring. Beyond detection, the system issues real-time speaker warnings and executes standard operating procedures (SOPs) to respond to incidents, with human operators providing intervention only when necessary. This AI-human collaboration delivers superior protection at a fraction of the cost of traditional security approaches.

    “Hakimo has pioneered a new era of AI-driven security by creating an intelligent AI agent that understands and responds to threats like never before. We’re not just automating security—we’re redefining it with AI that can recognize and act on any security event and deliver unmatched protection for businesses worldwide.” said Sam Joseph, Co-Founder & CEO of Hakimo. 

    Hakimo was founded in early 2020 by Sam Joseph and Sagar Honnungar, Stanford-trained AI experts with backgrounds in building enterprise-grade software as a service (SaaS). The duo launched Hakimo after identifying converging trends: exploding camera deployments, plummeting hardware costs, and rapid advancements in computer vision. The founders recognized the potential for AI to reinvent physical security and have since assembled a talented, growing team of engineers and industry professionals to execute their vision of autonomous security monitoring.

    Hakimo’s solution comes at a critical inflection point for physical security. The traditional manned guarding industry struggles with severe hiring and quality challenges, while alarm monitoring services face growing issues with false alarms and police departments increasingly refusing to respond to unverified alerts. By leveraging existing cameras, AI capabilities, and remote operators, Hakimo eliminates these challenges while offering the advantages of both on-site guards and traditional alarm systems.

    Hakimo technology has a vast range of use cases including detecting tailgating.

    The company has experienced explosive growth over the past year, tripling its customer base and securing more than a hundred clients across diverse industries including multifamily apartments, car dealerships, construction sites, and Fortune 500 enterprises. In 2024 alone, Hakimo’s technology prevented thousands of security incidents, assisted law enforcement in multiple arrests, and even saved a life. “We got a drastic reduction in trespassing right after deploying Hakimo, and I now sleep better at night with the peace-of-mind provided by Hakimo’s AI agent,” said Rodrigo Duran, General Manager at Kia Santa Maria, one of those customers. 

    The technology’s impact extends beyond the scope of traditional security applications. Its ability to monitor multiple sites simultaneously while maintaining human-level reasoning has proven transformative for businesses seeking comprehensive security without the escalating costs and reliability issues of conventional approaches.

    Commenting on the investment, Piyush Kharbanda, General Partner of Vertex Ventures SEA & India said, “We are very excited to partner with the Hakimo team, who are bringing ground-up technological innovation to the large but antiquated physical security industry. There is a dire need for innovation, as current solutions lack the speed or accuracy to offer affordable real-time protection for offline businesses. Hakimo bridges this gap with an AI + Services approach, coupling the speed of cutting-edge vision AI algorithms with the reliability of humans-in-the-loop, thus delivering a 10x better service at more affordable rates.”

    Ryan Orley, Managing Partner at Zigg Capital added: “After studying the security monitoring ecosystem, our team concluded that Hakimo’s AI + Services solution is more robust and offers better value than any other technology we have encountered. Hakimo’s capabilities at its accessible price point are without peer. In fact, I became a Hakimo customer before our firm’s investment”.

    “Hakimo is transforming physical security with AI, delivering real-time threat detection and smarter operations,” said Neil Sequeira, Founder & Partner, Defy.vc. At Defy, we back bold teams tackling big challenges, and Sam and Sagar’s vision aligns perfectly with that mission. We’re excited to support Hakimo as they scale and set a new standard for AI-powered security.” 

    Ends

    Media images can be found here 

    About Hakimo
    Hakimo is a technology company that builds AI agents for physical security monitoring. The company provides state-of-the-art, AI-driven, human-in-the-loop security software solutions that work with existing security hardware to enhance real-time threat detection, optimize resources, and proactively deter security breaches. Hakimo was founded by AI researchers from Stanford University and is funded by top venture capital firms. For more information, please visit https://www.hakimo.ai/ or follow Hakimo on LinkedIn.

    About Vertex Ventures Southeast Asia and India (VVSEAI)
    Vertex Ventures Southeast Asia & India is a leading early-stage venture capital firm focused on partnering with high-growth startups across Southeast Asia and India. With a strong network and strategic expertise, they have invested in successful companies such as Grab, FirstCry, Nium, Licious, Kuku FM, and PatSnap, driving innovation and scaling businesses across various sectors. For more information, please visit: https://www.vertexventures.sg  

    About Zigg Capital
    Zigg Capital is a venture capital firm based in New York City that invests globally in technology companies that touch the real estate, construction, or retail industries. Over the last decade, the partners in Zigg have made early-stage investments in leading companies such as Procore, Matterport, OpenSpace, Steadily, and Crusoe. For more information, please visit www.ziggcap.com

    The MIL Network –

  • MIL-OSI: WISeSat Prepares for June Launch of Its Second-Generation Satellite and Expands Global Footprint

    Source: GlobeNewswire (MIL-OSI)

    WISeSat Prepares for June Launch of Its Second-Generation Satellite and Expands Global Footprint

    WISeSAT.space will be attending the 40thSpace Symposium in Colorado Springs from April 6-10, 2025 (booth #808 located in the South Hall)

    Geneva, Switzerland – March 27, 2025 – WISeKey International Holding (“WISeKey” or the “Company”) (NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, AI, and IoT company, alongside its subsidiary WISeSat.Space (“WISeSat”) today announces that the launch of its second-generation satellite is scheduled for June 2025. This follows the successful deployment of WISeSat’s first NDR-generation satellite in January 2025 aboard a SpaceX Falcon 9 rocket from Vandenberg Spaceport in California. The satellite launched in January is currently in orbit and its location can be tracked via https://wisesat.wisekey.com/?tags=WISeSat.

    This second-generation launch marks an important milestone in WISeSat’s vision to build a European constellation of Low Earth Orbit (LEO) satellites, designed to provide secure communications for the Internet of Things (IoT), 5G (in progress), RSSI, SIGINT, SEALCOIN for transactional IoT (tIoT) and post-quantum cybersecurity capabilities across the globe.

    The 2025 satellite launches build on the earlier success of WISeSat in collaboration with FOSSA Systems, which saw the launch of 17 picosatellites to test the resilience and performance of its core technologies. These tests laid the foundations for the current generation of satellites, which as of June will be equipped with more robust security protocols and a post-quantum cryptographic infrastructure developed by SEALSQ Corp (NASDAQ: LAES) (“SEALSQ”), a WISeKey subsidiary.

    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 partnership also includes the possibility of manufacturing satellites on Indian soil, to Indian specifications, thereby 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 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 via a “Know Your Object” (KYO) protocol. The KYO process integrates Wecan’s technology and WISeID’s WISeKey platform, guaranteeing reliable identity and accountability throughout the ecosystem.

    Each WISeSat satellite is built with:

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

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

    “Our vision is to become the first low-orbit satellite constellation enabling secure Internet of Things connectivity and trusted communications anywhere in the world,” said Carlos Moreira, founder and CEO of WISeKey. “With upcoming launches, new international partnerships and post-quantum capabilities, we offer the next frontier in decentralized and secure space infrastructure.”

    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 –

  • MIL-OSI: Trust Stamp announces timing for filing its 2024 10K and gives historic and forward-looking revenue guidance

    Source: GlobeNewswire (MIL-OSI)

    Atlanta, GA, March 27, 2025 (GLOBE NEWSWIRE) — Trust Stamp announces that:

    1. It plans to file its 10-K report for the 2024 Financial Year after the Nasdaq market closes on March 31st, 2025.
    1. Q4 2024 Revenue will be reported at $1.497m (up from $0.575m for Q4 of 2023) versus recent analysts’ forecasts of $0.51m.
    2. Current estimates of anticipated revenue from existing customers for the full year 2025 is believed to exceed $5.0m.

    Inquiries:
    Trust Stamp                                                   Email: Shareholders@truststamp.ai 

    About Trust Stamp

    Trust Stamp, is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.

    Located in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update

    The MIL Network –

  • MIL-OSI: BexBack Empowers Traders with 100x Leverage, Double Deposit Bonus, and No KYC — Join the New Era of Crypto Futures

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — As crypto markets heat up once again, traders around the world are looking for faster, smarter, and more powerful ways to profit. Enter BexBack, a next-generation cryptocurrency futures exchange offering up to 100x leverage, no KYC requirements, and generous bonuses for new users — making it one of the most accessible and rewarding platforms for both beginner and experienced traders.

    What Makes BexBack Stand Out?

    • 100x Leverage on 50+ Cryptos
      Trade Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and more with up to 100x leverage — amplify your trades with less capital.
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      Instant access without identity verification. BexBack removes the barriers — sign up and start trading in minutes, not days.
    • Double Deposit Bonus
      Get a 100% deposit bonus every time you fund your account with over 0.001 BTC or 100 USDT. It’s not just for your first deposit — it’s ongoing.
    • $50 Welcome Bonus
      Complete one trade (open and close a position) and you’ll receive $50 in USDT, directly credited to your trading account.
    • Demo Account for Beginners
      Practice without risk using a demo account preloaded with 10 BTC in virtual funds — perfect for building strategies before going live.
    • Zero Deposit Fees
      Enjoy zero fees on all deposits and real-time, fee-free BTC ↔ USDT conversions.
    • Global Access and 24/7 Support
      BexBack is available in over 200 countries with dedicated 24/7 multilingual support and fast manual withdrawal review, backed by cold wallet protection.

    Built for Security and Performance

    All user funds on BexBack are stored in secure multi-signature cold wallets. Even in the case of a cyberattack, your funds are protected. Withdrawals are processed with multiple layers of manual review to ensure security, typically completed within 30–60 minutes.

    Start Trading Now — No Delays, No Limits

    Whether you’re just starting your crypto journey or already trading with size, BexBack gives you the tools, leverage, and bonuses to grow faster. With no KYC, instant deposit rewards, and high-speed execution, the platform makes it easy to trade profitably from anywhere.

    Sign up and claim your 100% deposit bonus and $50 welcome reward today. Don’t miss out on the next bull run — trade smarter with BexBack.

    Website: www.bexback.com

    Contact: business@bexback.com

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/74a33ef3-9e93-4d7a-b89d-4208d9f02e5a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/760ef62f-0fbf-421a-b30e-5907f517d1f1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/92a8af54-e797-4724-b98e-c7e002e15972

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0754b5b6-5f4e-4e03-9915-8bfc0ae0f031

    The MIL Network –

  • MIL-OSI Africa: Guinea-Bissau’s political crisis: a nation on the brink of authoritarianism

    Source: The Conversation – Africa – By Carlos Eduardo Machado Sangreman Proença, enseignant-chercheur, Universidade de Aveiro (Portugal)

    Guinea-Bissau faces a deep political crisis. For several years, the small west African nation has endured growing tensions between political institutions and there’s now a strong climate of uncertainty.

    Guinea-Bissau’s general elections had been scheduled for November 2024, but President Umaro Sissoco Embaló postponed them citing political instability, logistical challenges and disputes over presidential term limits. He has since announced 30 November 2025 as the new date for elections.

    Embaló has been president of Guinea Bissau since 27 February 2020. The opposition and the Supreme Court argue that his presidency should have ended on 27 February 2025. Embaló however insists his mandate should end on 4 September 2025. The dispute over Embaló’s five-year term stems from different interpretations of his inauguration date. He argues his official term began later, in November 2020 – when legal challenges to his election were resolved.

    The opposition now regard Embaló as an illegitimate president. Economic Community of West African States (Ecowas) representatives were also recently threatened with expulsion from the country when they came to assess the political situation.

    These developments highlight an unprecedented crisis. They raise concerns about Guinea-Bissau’s democratic future, given the political uncertainty.

    I’m an expert on Guinea-Bissau’s politics and have carried out research on the state of the country’s democracy. In this article, I examine the country’s current political crisis.

    Weakening institutions

    Nearly 50 years after independence, Guinea-Bissau is a fragile state, struggling to meet its people’s needs. Weak institutions, a self-serving political and economic elite, and a lack of basic public services have fuelled instability.

    The army, led by veterans, has staged three coups, and the country’s 1998-1999 civil war caused significant destruction.

    Despite this, civil society remains vibrant. It fills gaps left by the state. It plays a vital role in education, human rights, women’s rights, and environmental protection. It also supports vulnerable groups, including child beggars (talibés).

    Since taking office, Embaló has been weakening democratic institutions and consolidating power.

    His recent dissolution of parliament in December 2023, without scheduling timely elections, violated constitutional norms. He also directly appoints and dismisses governments, while the Supreme Court lacks the quorum needed to function. As a result, the legislative, executive and judicial branches all fall under the president’s direct control.

    The parliament’s permanent commission, made up of elected members, is the only institution still operating within constitutional limits. However, the president’s dissolution of parliament has blocked legislative sessions.

    This broader trend of power consolidation started with João Mário Vaz, who led the country between 23 June 2014 and 27 February 2020. Guinea Bissau has, for the past decade, been slipping into authoritarianism under different leaders.

    Growing authoritarianism

    Since Embaló won the 2019 presidential election, political, economic and social instability has persisted. This has severely affected human rights in the country.

    One of the major drivers of the current crisis was Embaló’s dissolution of the National Assembly in 2023.

    The assembly was being controlled by the opposition. This followed 2023 legislative elections in which a coalition led by the African Party for the Independence of Guinea-Bissau and Cape Verde (PAIGC) won. Its leader, Domingos Simões Pereira, became speaker of parliament. A government appointed by the winning coalition was then sworn in.

    In December 2023, a brief clash between two paramilitary groups – the national guard and the presidential battalion – became a pretext to dissolve the National Assembly. The president then appointed a prime minister and formed a government himself.

    Losing external support

    Embaló has taken every step to stay in power. He will eventually hold a presidential election but, I believe, only when the opposition is too weak to unite behind a candidate. He is also distancing himself from Ecowas, which urges elections within constitutional deadlines.

    Embaló is, however, not alone in his efforts for control. His 2020 provisional inauguration in a hotel in the capital in 2020 was attended by politicians and business figures. He continues to receive backing, as shown by ongoing consultations and public statements from political and civil actors.

    Still, his domestic support appears to be shrinking. He may consolidate his authoritarian rule as long as the military stays in its barracks and elections are delayed.

    Guinea-Bissau faces two possible paths. It could transition into a liberal democracy if presidential and legislative elections restore functioning institutions. Alternatively, it could slip into dictatorship marked by unchecked presidential power, repression of opposition, and lawlessness, including armed groups and drug trafficking.

    In a region already struggling with Islamist insurgencies and instability, Guinea-Bissau’s trajectory matters. The international community, particularly in Africa, must not ignore this crisis. Pressure on Embaló to allow a democratic transition is crucial for the country’s stability.

    – Guinea-Bissau’s political crisis: a nation on the brink of authoritarianism
    – https://theconversation.com/guinea-bissaus-political-crisis-a-nation-on-the-brink-of-authoritarianism-252317

    MIL OSI Africa –

  • MIL-OSI United Nations: Secretary-General’s message to the Inaugural Global Conference on “AI, Security and Ethics”, organized by the United Nations Institute for Disarmament Research

    Source: United Nations secretary general

    I send greetings to this inaugural Global Conference on AI, Security and Ethics.

    Artificial Intelligence is profoundly reshaping how we live, work and communicate. It can help drive progress and prosperity for all of humanity.
    But unregulated AI also presents unprecedented risks – from disinformation to cyberattacks to mass surveillance.

    Nowhere are these dangers more acute than in the military domain. Recent conflicts have become alarming testing grounds, with AI applications that defy international humanitarian law and harm civilians.

    Life-and-death situations must never be left to chance, code, or corporate interest. Humans must always retain control over decision-making functions – guided by international law, human rights and universal ethical principles.

    While several initiatives have explored the security dimensions of AI, the conversation has now come to the United Nations. In the Pact for the Future, States committed to assessing the existing and potential risks and opportunities of AI in military applications.

    The recent UN General Assembly resolution 79/239 is an important first step to turning these commitments into action. The views of Member States and my forthcoming report in response to the resolution will help us move forward in addressing AI’s impact, including in the military domain.

    Let us work together to build an AI for good – with human rights, human dignity, and human agency front and centre.

    I wish you a successful conference.

    ***
     

    MIL OSI United Nations News –

  • MIL-OSI Economics: Japan Airlines’ new AI app will make it easier for cabin attendants to report inflight events with Microsoft’s Phi‑4 small language model

    Source: Microsoft

    Headline: Japan Airlines’ new AI app will make it easier for cabin attendants to report inflight events with Microsoft’s Phi‑4 small language model

    Read the story in Japanese

    TOKYO, Japan – On a small percentage of flights, despite everyone’s best intentions, something unplanned happens. A passenger gets sick or a flight has a long delay. 

    After the cabin attendant attends to these kinds of situations, the senior cabin attendant writes up a report so ground staff can follow up – such as making sure there’s a wheelchair waiting at the gate or re-arranging onward travel.  

    Logging a single case, depending on complexity, can take an hour or more, taking time away from other inflight duties. Now Japan Airlines (JAL) is developing an AI app that can generate these handover reports by cabin attendants simply typing in a few keywords and phrases and checking a series of boxes – which can all be done while in the sky, even when connectivity isn’t dependable.  

    “The JAL-AI Report makes our cabin attendants’ jobs more productive,” said Keisuke Suzuki, a senior vice president of JAL’s Digital Technology Department. “They can spend more time on customer service instead of doing administrative work.” 

    Keisuke Suzuki, a senior vice president in charge of JAL’s Digital Technology Department, said the JAL-AI Report will generate reports faster, giving cabin attendants more time with passengers. Photo by Noriko Hayashi for Microsoft.

    The JAL-AI Report is being developed using Microsoft’s Phi-4 small language model or SLM, which requires less computing power than the large language models or LLMs most generative AI tools run on, so it can be used offline on a device for specific tasks. 

    Cabin attendants who have tried it say it can slash the time for writing operation reports by up to two thirds, say, from one hour to 20 minutes, or from 30 minutes to 10 for simpler cases.  

    [embedded content]

    The app also translates the reports with one tap from Japanese to English, a task needed on international flights. 

    Making an AI app work offline

    Japan’s flagship carrier operates a fleet of 227 planes flying worldwide and serves 66 countries and regions including code sharing. Last year, it ranked sixth amongst the world’s best airlines for customer satisfaction according to Skytrax. Its current group chief executive Mitsuko Tottori is the first woman to lead the airline, having risen up the ranks from cabin attendant. 

    The JAL-AI Report is being developed with the help of Microsoft’s Azure AI Foundry and using Microsoft’s Phi-4 SLM.  

    While LLMs are good for tackling complex tasks that need advanced reasoning and analysis, SLMs can handle simpler tasks and run locally on a device rather than the cloud. 

    Japan Airlines is building an AI app, the JAL-AI Report, for cabin attendants to report situations on board for ground staff to act on. Photo by Noriko Hayashi for Microsoft.

    They can also be fine-tuned with less data. The JAL-AI Report is fine-tuned on 100 previous reports, said Ryuto Ikeuchi, an AI engineer from Headwaters, which together with Fujitsu, are the system integrators for the project. 

    The goal is for these apps to be usable in environments with weak Wi-Fi, such as the outdoor ramp and inflight.

    Manabu Yamawaki is leading JAL’s generative AI charge. Photo by Noriko Hayashi for Microsoft.

    JAL chose the Phi-4 small language model because “even though there is Wi-Fi inflight, some areas have bad connection,” said Manabu Yamawaki, manager of security planning in the System Management Department of JAL, who is leading the airline’s generative AI charge. 

    Tech in flight 

    Takako Ukai joined JAL as a cabin attendant 35 years ago. She says she likes meeting and talking to people from around the world. 

    The business has changed over the years. With the advent of low-cost carriers, passengers now expect more from full-service carriers like JAL, she said, adding: “The challenge is how to serve better than expectations.” 

     “In the past [if something happened], we verbally conveyed information about connecting passengers to the crew of the next flight. Now we have to report it on a tablet, as an official report so [the cabin attendant on] the next flight knows and ground staff knows.” 

    Ukai is currently a member of the airline’s employee experience team, providing a cabin attendant’s point of view to JAL’s digital transformation team.  

    Right now, when there is an episode, the senior cabin attendant fills out a template on a tablet. This includes a section of free text where they type in chronological order what happened. To do this, the senior crew member may have to interview the cabin attendant involved and maybe also the passenger involved.  

    Takako Ukai, cabin attendant, at JAL’s training facility at Haneda Airport. Photo by Noriko Hayashi for Microsoft.

    “There are frequent interruptions to serve passengers, so you can’t do it all at once. Sometimes, you have to rework many times,” Ukai said.  

    The JAL-AI Report app speeds it up by taking cabin attendants through a series of checkboxes – whether the category is medical, flight delay, etc. – and also what the situation was – stomachache, fever, maintenance and so on. The cabin attendant then types a series of keywords or phrases in bullet points briefly noting what happened, for example – “Fever.” “Seat 3H.” “Moved seat and lay down.” “Requesting to go clinic.”  

     The AI might have questions – such as whether a doctor was called, or whether the captain or ground staff were told, to prevent omissions in reporting.

    Once that’s done, the cabin attendant taps on a button to generate the complete report. Another button translates from Japanese to English if needed. 

    The app can cut the time for reporting down to about 20 mins from an hour, Ukai said.  

    Better quality reports 

    Of the 1,000 flights JAL flies each day, a small percentage involves such report creation when an event requiring a handover occurs, said Yamawaki. These reports get sent to relevant departments – from security to customer service and other kinds of ground staff. 

    Yamawaki’s remit has grown over the years as the use of electronics has grown on board – from software security to inflight entertainment to Wi-Fi and now generative AI. 

    He thinks that in addition to saving time, the JAL-AI Report could help improve quality, as some cabin attendants currently write in more detail than necessary.  

    Chief cabin attendants Maya Tanaka and Takako Ukai at Haneda Airport in Tokyo. Noriko Hayashi for Microsoft.

    Once the proof-of-concept period is over at the end of March, he said, the challenge is making sure the system works well offline. 

    In the future, he would like the JAL-AI Report to be able to receive verbal accounts from those involved – cabin attendants or passengers, transcribe and summarize the information and generate a report.  

    “Improved voice handling is high priority,” he said. 

    The JAL-AI Report app is part of a wider roll-out of generative AI across JAL that began in mid-2023. All of the group’s 36,500 employees now have access to AI tools grouped under JAL-AI Home on the Microsoft Azure OpenAI platform for administrative tasks like drafting emails, summarizing and translating documents and more. 

    JAL sees opportunities to “put generative AI at the center of the business and bring changes in operations and customer service,” Suzuki said. “We are excited to have the AI and humans work together.” 

    Top Image: Chief cabin attendant Maya Tanaka tests out the JAL-AI Report at Japan Airlines’ training facility in Haneda Airport. Photo by Noriko Hayashi for Microsoft. 

    MIL OSI Economics –

  • MIL-OSI: WRAP Bolsters Leadership with Top 1MDB Investigators and FBI Veteran Rob Heuchling to Drive Technology Commercialization for Transnational Crime Solutions

    Source: GlobeNewswire (MIL-OSI)


    WRAP Expands Capabilities: Leveraging Investigative Expertise in Financial Crimes, Crypto and Cybersecurity to Commercialize Managed Services Offering

    MIAMI, March 27, 2025 (GLOBE NEWSWIRE) — Wrap Technologies, Inc, (NASDAQ: WRAP) (“Wrap” or, the “Company”), a global leader in innovative public safety technologies and non-lethal tools, today announced the appointment of Robert Heuchling as Managing Director of the Company, bringing over 15 years of experience from the Federal Bureau of Investigation (“FBI”) and providing advisory services to the Company’s executive team.

    Wrap plans to expand its managed service business lines, with Mr. Heuchling expected to play a key role in commercializing an offering that combines his investigative expertise with his deep familiarity with a wide range of investigative data sets, tools and technologies. Wrap also plans to develop unique technology solutions that integrate advanced investigative capabilities, empowering agencies to address complex financial crimes, cyber threats and transnational law enforcement challenges with greater efficiency and precision.

    While at the FBI, Mr. Heuchling supervised a squad based in New York City responsible for foreign corruption, international money laundering and antitrust investigations. In that role, Mr. Heuchling forged relationships with law enforcement agencies across the globe and developed strategies to collaborate with foreign counterparts to solve complex transnational crime cases.

    Mr. Heuchling will once again be working with his former FBI supervisor, Bill McMurry, Chief Executive Officer of Managed Services. Together, Mr. McMurry and Mr. Heuchling led the U.S. investigation into 1Malaysia Development Berhad, or 1MDB, a Malaysian sovereign wealth fund from which more than $4.5 billion was stolen through a complex fraud and corruption scheme involving individuals from multiple countries. The investigation resulted in the largest asset recovery in U.S. Department of Justice history and is considered a model for success in international investigations.

    Jared Novick, President of Wrap, stated: “The addition of Rob Heuchling, joining his former colleague Bill McMurry at Wrap, provides our global clients and the agencies we support with a unique opportunity to leverage their unparalleled expertise alongside our advanced technologies. We believe their deep investigative experience in financial crimes, cyber threats and transnational law enforcement, combined with Wrap’s cutting-edge solutions, will allow us to deliver unmatched support for the most pressing challenges facing law enforcement and security professionals worldwide. We are thrilled to have them on board as we expand our managed services and drive innovation in public safety.”

    Background

    Prior to joining the FBI, Mr. Heuchling served as an engineer and communications officer in the United States Navy. He is a graduate of the Medill School of Journalism at Northwestern University and has received numerous accolades from both the FBI and the military. His honors include:

    • the Assistant Attorney General’s Exceptional Service Award;
    • the Federal Law Enforcement Foundation’s “Investigator of the Year” Award;
    • the FBI Medal of Excellence; and
    • the Naval Commendation Medal.

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a global leader in public safety solutions, bringing together cutting-edge technology with exceptional people to address the complex, modern day challenges facing public safety organizations.

    Wrap’s BolaWrap® solution is a safer way to gain compliance—without pain.

    This innovative, patented device deploys light, sound, and a Kevlar® tether to safely restrain individuals from a distance, giving officers critical time and space to manage non-compliant situations before resorting to higher-force options. The BolaWrap 150 does not shoot, strike, shock, or incapacitate—instead, it helps officers operate lower on the force continuum, reducing the risk of injury to both officers and subjects. Used by over 1,000 agencies across the U.S. and in 60 countries, BolaWrap® is backed by training certified by the International Association of Directors of Law Enforcement Standards and Training (IADLEST), reinforcing Wrap’s commitment to public safety through cutting-edge technology and expert training.

    Wrap Reality™ VR is a fully immersive training simulator to enhance decision-making under pressure.

    As a comprehensive public safety training platform, it provides first responders with realistic, interactive scenarios that reflect the evolving challenges of modern law enforcement. By offering a growing library of real-world situations, Wrap Reality™ equips officers with the skills and confidence to navigate high stakes encounters effectively, leading to safer outcomes for both responders and the communities they serve.

    Wrap Intrensic is an advanced body-worn camera and evidence management system built for efficiency.

    Designed for efficiency, security, and transparency to meet the rigorous demands of modern law enforcement, Intrensic seamlessly captures, stores, and manages digital evidence, ensuring integrity and full chain-of-custody compliance. With automated workflows, secure cloud storage, and intuitive case management tools, it streamlines operations, reduces administrative burden, and enhances courtroom credibility.

    Trademark Information Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad. All other trade names used herein are either trademarks or registered trademarks of the respective holders. Cautionary Note on Forward-Looking Statements – Safe Harbor Statement This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the expected benefits of the acquisition of W1 Global, LLC, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations. Investor Relations Contact: (800) 583-2652 ir@wrap.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f9f323f-41be-4b9e-8c86-0cc26de2ab82

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Maris-Tech Secures a $4 Million Line of Credit from a Leading Israeli Commercial Bank

    Source: GlobeNewswire (MIL-OSI)

    The line of credit will allow the Company flexibility in taking advantage of strategic opportunities

    Rehovot, Israel, March 27, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”) based edge computing technology, today announced that it has secured a $4 million line of credit from a leading Israeli commercial bank for a period of 12 months from the date of the agreement. 

    The line of credit is on accepted commercial terms for similarly-sized companies and includes fixed and floating liens on the Company’s assets, customary economic and restrictive covenants by the Company, its U.S. subsidiary and agreement by two shareholders of the Company to certain subordination restrictions concerning loans they have provided to the Company.

    The line of credit will allow the Company the ability to take advantage of strategic opportunities and increase its commercial activity, without diluting the Company’s shareholders.

    The Company believes that the entry into the line of credit agreement indicates the trust of a leading Israeli commercial bank towards the Company.

    “We are proud that a leading Israeli commercial bank has chosen to support the Company’s growth. This line of credit will give us the flexibility to achieve our growth potential, without relying on market conditions or sales of our equity. We will continue to do everything to justify the trust given to us,” said Israel Bar, Chief Executive Officer of Maris-Tech. 

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s 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. For example, the Company is using forward-looking statements when it is discussing: that the line of credit will allow the Company the ability to take advantage of strategic opportunities and to increase its business activity and will give the Company the flexibility to achieve its growth potential, without relying on market conditions or sales of the Company’s equity; the Company’s belief that the entry into the line of credit agreement indicates the trust of a leading Israeli commercial bank towards the Company and that the signing of the line of credit agreement indicates the trust of a leading Israeli commercial bank towards the Company. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and its other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

  • MIL-OSI: MissionSquare Retirement welcomes Joshua Hsu as vice president and head of firm strategy

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C., March 27, 2025 (GLOBE NEWSWIRE) — MissionSquare Retirement is pleased to announce the appointment of Joshua Hsu as the firm’s new vice president and head of firm strategy. Hsu joined the team on Feb. 18, bringing a broad range of experience from his tenure at McKinsey & Company, where he previously served as an associate partner in the Wealth and Asset Management Practice.

    “We are excited to welcome Joshua to MissionSquare Retirement,” said Andre Robinson, chief executive officer and president of MissionSquare Retirement. “Joshua’s extensive experience in strategy design and execution, coupled with his innovative approach to growth and transformation, will be invaluable as we continue to enhance our offerings and expand our impact in the retirement services industry.”

    In his newly created role as vice president and head of firm strategy, Hsu will play a pivotal role in shaping the strategic direction of MissionSquare. He reports directly to Drue Holloway, chief strategy officer, helping to support efforts to drive strategic development and ensure alignment with the organization’s goals.

    “Joshua’s leadership will be crucial as we navigate the evolving landscape of retirement services,” added Holloway. “His focus on operational excellence and ability to drive innovation aligns perfectly with our mission to provide exceptional retirement solutions to our customers.”

    During his time at McKinsey, Hsu led numerous growth transformations and bottom-line impact initiatives for financial services clients, resulting in significant revenue increases and operational efficiencies. He spearheaded McKinsey’s consumer research around the latest shifts in pre-retiree and retiree needs to shape innovation in the retirement ecosystem. His expertise in customer experience, capability building, and digital transformations was instrumental in driving sustainable growth for his clients.

    Hsu holds a Master of Business Administration from Northwestern University’s Kellogg School of Management and a bachelor’s degree in economics from the Wharton School at the University of Pennsylvania.

    About MissionSquare Retirement

    Since its founding in 1972, MissionSquare Retirement has been dedicated to simplifying the path to retirement security for public service employees. As a mission-based, nonstock, nonprofit financial services company, we manage and administer over $72.0 billion in assets.* Our commitment to delivering results-oriented retirement plans, education, investments, and personalized advice sets us apart. Explore how we enable public service workers to build a secure financial future. For more information, visit www.missionsq.org or follow the company on Facebook, LinkedIn, and X.

    *As of December 31, 2024. Includes 457(b), 401(a), 403(b), Retirement Health Savings (RHS) plans, Employer Investment Program (EIP) plans, affiliated IRAs, and investment-only assets.

    The MIL Network –

  • MIL-OSI: Siyata Mobile Inc. to Present at the AI & Technology Virtual Investor Conference April 3

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) — Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), announced today that Aitan Zacharin, CEO of Core Gaming, Inc. (“Core Gaming”) who it recently signed a definitive merger agreement with, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com on April 3, 2025.

    Date: Thursday, April 3, 2025
    Time: 10:30 – 11 am ET
    Link: Register Here
    Available for 1×1 meetings April 3rd

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

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

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

    About Core Gaming, Inc. and Siyata Mobile Inc.

    Core Gaming, Inc. is a global AI-driven mobile gaming developer and publisher headquartered in Miami, Florida. We create entertaining games for millions of players worldwide, while empowering other developers to deliver player-focused apps and games to enthusiasts. Core Gaming’s mission is to be the leading global AI-driven gaming company. Since our launch, we have developed and co-developed over 2,000 games, driven over 600 million downloads, and generated a global footprint of over 40 million users from over 140 countries. Visit www.coregaming.co to learn more.

    Core Gaming previously announced signing of a definitive merger agreement with Siyata Mobile, Inc., which is currently subject to regulatory approval(s) and satisfaction of customary closing conditions.

    Siyata’s common shares trade on the Nasdaq Capital Market, LLC under the symbol “SYTA”, and its warrants under the symbol “SYTAW”. Visit www.siyata.net to learn more.

    Investor Relations:
    Brett Maas
    Hayden IR
    SYTA@Haydenir.com
    646-536-7331

    Siyata Mobile Corporate:
    Glenn Kennedy, VP of International Sales
    Siyata Mobile Inc.
    glenn@siyata.net

    Forward Looking Statements
    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata’s current expectations, they are subject to various risks and uncertainties and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Siyata’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.

    The MIL Network –

  • MIL-OSI: Drone Manufacturers Racing to Introduce Latest Technology as Global Aerial Survey Services Market Projected to Reach $790 Billion By 2031

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Many investors have been watching the drone industry consistently growing over the past years and are expecting the same expansions to continue. The popularity of unmanned aerial vehicles (UAVs) for aerial imagery is quickly expanding this market. A report from Verified Market Research said that the Aerial Survey Services Market size, which was valued at USD 22.67 Billion in 2024, is projected to reach USD 791.21 Billion by 2031, growing at a CAGR of 55.90% during the forecast period 2024-2031. The report added: “The rising use of drone services for industry-specific solutions, improved regulatory framework, and increased demand for qualitative data in various industries are projected to boost the expansion of the Drone Aerial Survey Services Market. Aerial imaging is being more widely used in defense applications. Natural calamities are becoming more common. Aerial camera systems have been improving steadily. Drone technology has attracted venture capital investment. During the forecast period, the enterprise segment of the Aerial Survey Services Market is expected to grow at the fastest rate. All industries benefit from enterprise solutions because they provide end-to-end services. The enterprise solution segment is being driven by the rising demand for analytical services and software solutions in the Aerial Survey Services Market.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), Red Cat Holdings, Inc. (NASDAQ: RCAT), AeroVironment, Inc. (NASDAQ: AVAV), KULR Technology Group, Inc. (NYSE American: KULR).

    Verified Market Research continued: “A rise in demand from a variety of industries is fueling the growth of the Drone Aerial Survey Services Market. Aerial photography is used in agriculture to track effective changes in yield production, crop health management, and soil improvement. Aerial imaging services are needed by the defense sector to protect border areas and prepare map structures. Aerial imaging services are also being used more widely in research and exploration, archaeological surveys, mining, oil and gas, and resource management. The Drone Aerial Survey Services Market is still in its early stages of development, and the expansion of application areas is expected to accelerate market growth over the forecast period. During the coronavirus pandemic, aerial imaging helped the construction industry. The benefits of aerial imaging for contracted surveying, onsite inspections, and design planning applications have been augmented by the construction, roofing, and solar industries.”

    ZenaTech (NASDAQ:ZENA) Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company’s national DaaS business model intended to bring the speed and precision of ZenaDrone’s AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users.

    “Arizona is strategic to our US operations as the base of our subsidiary ZenaDrone where our second drone manufacturing facility will be. Our vision with Drone as a Service is to capture part of the drone survey market that is growing by double-digits and is expected to reach USD $2.5 billion by 2033. We plan to build our national presence offering ZenaDrone products and services for land surveys and many other applications,” said CEO Shaun Passley, Ph.D.

    According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2033 of which North America is expected to represent 35%. This market is expanding at a CAGR of over 19%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. Within the drone surveying market, land surveys represent 53%, with significant adoption in real estate, urban planning, environmental applications and infrastructure projects.

    Drones as a Service or DaaS works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this business model offers drone technology solutions and services on a subscription or pay-per-use basis. With DaaS, businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, or precision agriculture solutions without having to buy, operate or maintain the drones themselves.

    ZenaTech’s DaaS model offers customers including government agencies, builders and real estate developers, construction firms and farmers reduced upfront costs as there is no need to purchase expensive drones, and convenience as the company manages maintenance and operation. DaaS also offers scalability to companies to use more often or less often based on their needs and enables access to advanced drone technology and applications without the need for specialized training or equipment.

    Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) ZenaDrone Developing Indoor Drone Swarm Application for Inventory Management and Security with Auto Parts Manufacturer Customer – ZenaTech, Inc. this week also announced its subsidiary ZenaDrone is developing a drone swarm application using multiple indoor IQ Nano drones for inventory management and security applications. ZenaDrone is conducting this development with its auto parts manufacturer customer where it is currently engaged in a paid trial.

    A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms can enhance efficiency, accuracy, automation and performance compared to a single drone.

    “We are pioneering the development of autonomous drone swarm technology, revolutionizing indoor inventory management and warehouse security by providing real-time, more accurate stock tracking and surveillance with reduced manual processes. We believe this technology will enable warehouses to operate more efficiently, reduce costs, and enhance safety and security while setting a new industry standard for AI drones,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced that financial results for the 2024 Stub Period (as of December 31, 2024 and the eight months then ended) will be reported on Monday, March 31, 2025 at the market close.

    Company management will host an earnings conference call at 4:30p.m. ET on Monday, March 31, 2025 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can listen to the conference call by dialing 1-844-413-3977 (within the U.S.) or 1-412-317-1803 (international). Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call. Participants can also pre-register for the call using the following link: https://dpregister.com/sreg/10198203/fecb0dc7ae

    AeroVironment, Inc. (NASDAQ: AVAV) recently reported financial results for the fiscal third quarter ended January 25, 2025. “We faced a number of short-term challenges in the third quarter, including the unprecedented high winds and fires in Southern California, which impacted our ability to meet our goals,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “Nevertheless, we made significant progress towards executing our long-term growth strategy and building resiliency for the future.

    “This quarter, we booked record Switchblade and Jump-20 orders, which helped expand our backlog to a record $764 million. We also announced our new Utah manufacturing facility, which will more than double our Switchblade capacity and provide resiliency against regional weather events. Finally, we made significant progress towards completing our BlueHalo acquisition, which we now expect to close in the second quarter of calendar year 2025. While this has been a transition year pivoting away from Ukraine demand, we still expect a strong fiscal year 2025 including record fourth quarter revenue.”

    KULR Technology Group, Inc. (NYSE American: KULR) recently announced will hold a conference call on Thursday, March 27th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The financial results will be issued in a press release prior to the call.

    KULR management will host the conference call, followed by a question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: ssmith@smallcapvoice.com by 5:00 p.m. ET on Friday, March 21st, 2025. Mr. Smith will compile a list of questions and submit them to the Company prior to the conference call. The questions that will get addressed will be based on the relevance to the shareholder base, and the appropriateness of the questions in light of public disclosure rules.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced the appointment of Steve Mathias as Vice President of Global Sales and Business Development and Erik de Badts as Global Head of MicaSense Sales. AgEagle CEO Bill Irby commented, “As we execute a multi-faceted strategic growth plan focused on expanding our global footprint, the addition of both Steve and Erik’s impressive pedigrees will drive innovation, foster collaboration, and ensure that we remain agile in an evolving UAS marketplace. Steve brings multi-decade expertise in military and commercial aviation, both crewed and uncrewed, while Erik is a true subject matter expert in multi-spectral sensing. We are confident their leadership will help strengthen key partner relationships, unlock new opportunities, and accelerate revenue growth.”

    Steve Mathias is an aerospace business executive with over 30 years of senior leadership experience in both the military and aerospace industry. Prior to joining AgEagle, he served as Senior Vice President of Strategy and Growth at GKN Aerospace Defense, a leading global technology company specializing in advanced aerostructures and engine systems. Before his role at GKN Aerospace, Mr. Mathias was Vice President of Global Sales and Strategy at Bell Helicopter, where he led all domestic and international vertical lift defense sales, including both crewed and uncrewed systems. His background as a U.S. Army Officer includes significant special operations and conventional aviation experience with both manned and unmanned systems. In his final Army assignment, Steve served as the Deputy Chief of Staff G-8 for the U.S. Army Special Operations Command, overseeing the requirements and Program Objective Memorandum (POM) processes for over 200 Army and Special Operations air and land programs.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: CURRENC Empowers Coin Cove with AI-Powered Electronic Banking Services Platform

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it has secured a landmark contract with Coin Cove, an institution providing electronic banking services, to provide Coin Cove with comprehensive, AI-powered electronic banking solutions through CURRENC’s SEAMLESS AI Lab, including a cutting-edge trading platform, trading and operating apps, customer inquiry and marketing centers, SEAMLESS AI Call Centre technology, training, compliance and risk management tools, website design and MasterCard issuance.

    CURRENC has crafted a comprehensive spot and futures trading environment for Coin Cove, supporting over 150 digital assets and 600 trading pairs alongside multi-asset collateral and settlement. The platform also offers large-volume trading with locked-in rates to eliminate slippage, customizable wallet solutions integrating with various blockchain ecosystems, and seamless 24/7 operations through plug-and-play APIs. Over 15 fiat currencies are supported, providing flexibility for traders worldwide.

    CURRENC will also provide Coin Cove with an AI call center and compliance solutions designed to address common electronic banking challenges such as customer onboarding or “KYC,” real-time customer support, transaction inquiries, price volatility, liquidity management, and fraud detection. Unlike traditional electronic banking platforms, which often rely on unmoderated public forums and chat groups for customer support, Coin Cove’s platform will integrate SEAMLESS AI Call Centre Agents to offer 24/7 personalized support, an industry first that will greatly elevate users’ electronic banking experience. Moreover, Coin Cove will leverage CURRENC’s real-time market insight and risk management modules to streamline operations, ensure compliance with regulatory requirements, monitor workflows, maintain KPIs at optimal levels, and improve overall trading efficiency.

    Notably, CURRENC’s collaboration with Coin Cove marks the debut of SEAMLESS AI Lab’s “AI Staff for Hire.” Coin Cove will deploy CURRENC’s pre-built, customizable AI Agents to perform staff training across customer service, operations, compliance, finance, and IT; assist human personnel, and deliver comprehensive reporting, monitoring and performance scoring.

    Recently, CURRENC and Coin Cove held a meeting with the Omani Ministry of Labour to explore the business development potential of deploying CURRENC’s AI Agents to support over 320,000 SMEs in Oman, as well as selected government departments of the Omani Government.

    Looking ahead, CURRENC expects to sign similar agreements with other electronic banking worldwide, empowering them with real-time, AI-driven capabilities and comprehensive platform solutions that address the 24/7 demands of users while ensuring compliance and reliability. CURRENC will also strive to cross-sell its digital remittance services and global airtime transfer services to these new clients so as to create the maximum business synergy.

    “We’re thrilled to see our SEAMLESS AI Lab shaping the future of electronic banking,” said Alex Kong, Founder and Executive Chairman of CURRENC. “Our groundbreaking AI-powered solutions will provide Coin Cove with smarter, faster, and more secure electronic banking transactions as well as real-time market analytics, optimized liquidity and enhanced risk management, setting new benchmarks for operational excellence and security in the global electronic banking market. We will continue pushing the boundaries of AI application as we expand our footprint in the electronic banking industry and beyond, advancing CURRENC’s mission to redefine financial services in the digital age.”

    Hon. Rakesh Rajagopal, Founder and CEO of Coin Cove, commented, “We’re pleased to collaborate with CURRENC to accelerate digitalization in the financial sector. As the first recipient of Oman’s electronic banking license granted under the regulatory oversight of the Central Bank of Oman, Coin Cove is committed to driving digital transformation in the Sultanate and providing a trusted platform for electronic banking. With CURRENC’s support and advanced AI technology, we are set to deliver an exceptionally efficient and secure trading environment, positioning Coin Cove at the forefront of innovation in the evolving market.”

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    About Coin Cove
    Coin Cove is an Omani-registered and licensed entity, operating under the regulatory oversight of the Central Bank of Oman (CBO). As a trusted provider of compliant electronic banking services, Coin Cove integrates advanced AI technologies to deliver secure, efficient, and user-friendly trading solutions. The company enables approved individuals and institutions to seamlessly open accounts, complete rigorous Know-Your-Customer (KYC) and Anti-Money Laundering (AML) onboarding processes, and manage their funds.

    By offering a fully regulated and secure gateway for electronic banking, Coin Cove bridges the gap between traditional finance and the digital economy. Its commitment to compliance, innovation, and customer-centric services underscores its mission to empower users to navigate the global electronic banking market with confidence and trust.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes Oxford Oaks Capital to Linsco Channel

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 27, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Austin Greer, CRPS ®, has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Oxford Oaks Capital of LPL Financial. He reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.

    Based in the Linsco office in Franklin, Tenn., Greer originally set out to become a high school English teacher before following his father’s footsteps into financial services. He appreciates the educational component of his role as a financial advisor to help clients understand their investments. Now with more than 17 years of industry experience, Greer focuses on retirement income planning, as well as tax and estate planning for high-net-worth clients, including business owners and doctors.

    Wealth Advisor John Dunahoo has been with the team for more than 11 years and Senior LPL Registered Service Associate Stephanie DePriest joined the firm in 2020, both bringing a wealth of knowledge and a client-first approach to the practice.

    “Our practice is very familial and holistic, with a friendly feel in our communications and approach,” Greer said. “We ask a lot of questions before putting together personalized, strategic financial plans and portfolios designed to help take the stress off our clients. We often tell clients, ‘We love investments, so you don’t have to.’”

    Why they made the move to Linsco by LPL
    Looking for more autonomy, enhanced technology and office efficiencies, the team turned to LPL for the next chapter of its business. They were drawn to the Linsco model, which serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practice, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.

    “LPL’s robust investment in resources and technology was a compelling factor in our decision to make this transition,” Greer said. “We anticipate increased office efficiencies, streamlined operations and enhanced service capabilities. We also appreciate the pro-advisor culture at LPL and the flexibility to build a practice on our terms. Ultimately, aligning with LPL enables us to focus on our core strength—delivering exceptional client service.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Austin, John and Stephanie to the Linsco community. With LPL’s support, more advisors are recognizing the importance of freedom and flexibility as they seek ways to differentiate themselves and enhance the client experience. We look forward to supporting Oxford Oaks Capital for years to come.”

    Related
    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial
    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #714300

    The MIL Network –

  • MIL-OSI: Haivision Unveils Falkon X2: Pushing the Boundaries of 5G Video Transmission for Live Broadcasting

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, March 27, 2025 (GLOBE NEWSWIRE) — Haivision (TSX:HAI), a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, proudly introduces Falkon X2, the game-changing 5G mobile video transmitter that pushes the boundaries of live broadcast contribution with pristine 4K UHD video, ultra-low latency, and maximum portability.

    Designed for broadcasters who thrive on delivering the highest-quality live coverage of sports, breaking news, and events from even the most remote corners of the globe, Falkon X2 sets a new standard for reliability, versatility, and innovation in live production. Dual-modem, quad-antenna 5G technology with state-of-the-art 2×2 MIMO support ensures seamless connectivity, long range, and maximum efficiency, even under challenging conditions.

    From its sleek, lightweight design to its intuitive touchscreen interface, Falkon X2 is engineered with field teams in mind—making live streaming easier, faster, and incredibly dynamic. Whether camera-mounted or carried in a backpack, this cutting-edge transmitter liberates storytellers to focus on the action with full freedom of movement, while its integrated rechargeable battery supports hours of uninterrupted transmission.

    Beyond portability, Falkon X2 redefines operational efficiency with remote management, enabling master control teams to take the reins from anywhere, while on-site broadcasters focus on capturing the moments that matter most. And with capabilities like 4:2:2 10-bit HDR video and both SDI and HDMI inputs, Falkon X2 is set to empower visual storytelling in its most vivid and engaging form.

    “We are thrilled to introduce the Falkon X2, which sets a new standard in live video transmission over bonded cellular,” said Jean-Marc Racine, Chief Product Officer at Haivision. “With the Falkon X2, broadcasters now have a highly efficient solution to deliver pristine live video over any network while maximizing the benefits of the latest 5G infrastructure. These products embody our commitment to innovation and excellence for live video contribution over any network.”

    The key advantages of Haivision Falkon X2:

    • Ultra-low latency live transmission: Send live video over cellular networks, including public and private 5G.
    • Pristine quality video: Up to 4K/UHD resolutions and 4:2:2 10-bit color precision.
    • Easy to use: Built-in touchscreen user interface and responsive, browser UI for computer or mobile device.
    • Built for mobility: Lightweight design supporting HEVC and H.264 encoding. Portable and camera-mountable with internal battery.
    • Advanced feature-rich, capabilities: Recording and file forwarding for when live streaming is not possible. Intercom, video returns, and data bridge to facilitate communications with field teams.
    • Total production freedom: Remote cloud controls and built-in user-friendly interfaces.

    Come see Haivision and Falkon X2 at the 2025 NAB Show and experience how you can take your live broadcasts to another level. See the Haivision website for more information or book a one-on-one meeting with a Haivision video expert at NAB here: haivision.com/events/nab-2025/.

    About Haivision

    Haivision is a leading global provider of mission-critical, real-time video networking and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision-making. We provide high-quality, low-latency, secure, and reliable live video at a global scale. Haivision open-sourced its award-winning SRT low-latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. To learn more, visit Haivision at www.haivision.com.

    Jennifer Gazin
    514.334.5445 ext 8309
    jgazin@haivision.com

    The MIL Network –

  • MIL-OSI: Altus Group Releases Its 2025 Canadian Cost Guide

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 27, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released its 2025 Canadian Cost Guide, an annual assessment of real estate development and infrastructure construction hard costs across all asset classes in major Canadian cities.

    For decades, industry professionals have relied on Altus Group’s Cost Guide to enhance the accuracy and predictability of construction cost estimates and evaluate project risks. Leveraging Altus’ insights from over 6,200 development projects spanning over 1.5 million square feet with a collective value exceeding C$521 billion, the Cost Guide covers hard costs of real estate development and infrastructure projects, delivering detailed insights by asset class, city, and on a per-square-foot or per-unit basis. Construction costs are influenced by both global and local economic conditions, market trends and advancements in building materials, practices and methods. The Cost Guide takes these factors into account to provide a resource for initial budgeting or as a benchmark for estimating costs across various regions and building types.

    “The 2025 Canadian Cost Guide shows that cost increases have been leveling off over the past year and are now more in line with general inflation,” said Colin Doran, Head of Development Advisory, Americas at Altus Group. “The big question is whether that stability will hold. With shifting trade policies, upcoming building code changes, and labour negotiations on the horizon, developers are facing a new wave of complexity—and that’s on top of already high construction costs. Staying agile and tapping into real-time data will be key to navigating what’s ahead.”

    “The threat of new tariffs could throw a wrench into the 2025 cost outlook,” added Peter Norman, Vice President and Economic Strategist at Altus Group. “Even if the immediate impact is muted, it’s still a wild card. It really depends on what goods are affected, how long tariffs stick around, and whether there’s any retaliation—all of which could drive costs even higher.”

    A copy of Altus Group’s 2025 Canadian Cost Guide can be downloaded here. To read an article with commentary on the 2025 Cost Guide from our experts, click here.

    The Cost Guide is for informational purposes only; readers are advised to consult with a qualified professional for advice on specific projects.

    About Altus Group

    Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 1,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit altusgroup.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Elizabeth Lambe
    Director, Global Communications, Altus Group
    (416) 641-9787
    elizabeth.lambe@altusgroup.com

    The MIL Network –

  • MIL-OSI: CrowdStreet Moves Its Headquarters to New York City with New Office in Manhattan, Signaling Next Phase of Company Growth and Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) — CrowdStreet, the direct-access private market investment platform dedicated to helping members reach their financial ambitions, today announced that it has moved its headquarters to New York City with the opening of its new office in Manhattan. With more than 3,000 square feet in the historic 10 East 40th Street Mercantile Building, the new space marks the company’s official foray into one of the world’s leading financial hubs. The company’s previous headquarters were in Austin, Texas.

    The five-year lease, which begins this month, will enable CrowdStreet’s executive team to expand its business relationships and source new investment opportunities in the financial and business capital of the world. The office expansion will also enable CrowdStreet to host exclusive member-only events, and provide networking events for financial, business and commercial real estate communities.

    “New York City is a dynamic hub for innovation and business growth, and our expansion represents a strategic initiative that marks an important new chapter for the company,” said John Imbriglia, CEO of CrowdStreet. “Our increased footprint will enable us to better serve our members, attract some of the best talent in the world, and strengthen our leadership in providing direct access to private market investment opportunities.”

    The new office comes on the heels of CrowdStreet’s recent executive team expansion, including Chief Executive Officer John Imbriglia, Chief Marketing Officer Rodes Ponzer, and Chief Operating Officer Shaun Mulreed. The growing leadership team will leverage the dedicated space to enhance collaboration, ensure better brand coordination and integration, and provide direct, in-person access to critical leadership.

    Additionally, Chief Financial Officer Genni Combes and General Counsel & Chief Compliance Officer Kristen Howell were recently named to The Financial Technology Report’s Top 50 Women Leaders in Financial Technology of 2024 for their outstanding work in the fintech sector. This honor celebrates their leadership and innovation within the space, further solidifying CrowdStreet’s position at the forefront of the private market industry.

    “Today represents a key milestone in CrowdStreet’s growth strategy. By establishing a presence in one of the world’s most vibrant economic markets, we are well positioned to drive greater innovation, foster stronger partnerships, and fuel greater scale,” said Shaun Mulreed, Chief Operating Officer of CrowdStreet.

    CrowdStreet aims to deliver an industry-leading experience for its members through a seamless and intuitive investor interface. The platform offers tools that ensure members have clear, actionable data to track the financial health and progress of their investments. As of February 2025, the company’s thousands of members have invested billions of dollars through CrowdStreet’s platform, where they have accessed more than 800 investment opportunities.

    About CrowdStreet 

    CrowdStreet empowers its members to reach their financial ambitions through direct-access private market investments. The platform offers a carefully selected marketplace of alternative investment opportunities that have historically only been available to a small group of people. In addition to providing advanced tools, research, and insights to help investors confidently explore these exclusive opportunities, CrowdStreet is also building a member experience rooted in trust and experience – further bridging the gap between investment opportunities and true financial wealth. Learn more at https://www.crowdstreet.com/.

    Media Contact
    LaunchSquad
    crowdstreet@launchsquad.com

    CrowdStreet, Inc. (“CrowdStreet”) offers investment opportunities and financial services on its website. Broker dealer services provided in connection with an investment are offered through CrowdStreet Capital LLC (“CrowdStreet Capital”), a registered broker dealer, Member FINRA/SIPC. Advisory services are offered through CrowdStreet Advisors, LLC (“CrowdStreet Advisors”), a wholly-owned subsidiary of CrowdStreet and a federally registered investment adviser. Investment opportunities available through CrowdStreet are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

    The MIL Network –

  • MIL-OSI: CURRENC’s SEAMLESS AI Lab Unveils “AI Staff for Hire” Platform

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced the launch of “AI Staff for Hire,” an AI solution developed by the Company’s SEAMLESS AI Lab, offering pre-built, AI-powered Agents tailored to specific business scenarios. With AI-driven automation poised to reshape industries globally, this innovative product positions CURRENC at the forefront of a rapidly expanding market for AI-powered workforce solutions.

    Designed to meet the needs of enterprises across the finance industry, “AI Staff for Hire” automates critical functions such as customer support, debt collection, KYC, compliance, and HR management, empowering businesses to expand their operations without expanding their workforce. Platform users can select from a range of specialized AI Agents for specific tasks, including Internal Trainers, General Managers, KYC Officers, and Customer-Facing Sales Representatives. This flexibility, combined with cost-effective pricing models, allows businesses to scale operations, streamline workflows, and enhance service quality, while also benefiting from 24/7, multi-lingual support to improve global competitiveness.

    Equipped with advanced material digestion, system integration, and key information extraction functionalities, “AI Staff for Hire” Agents provide real-time insights into customer interactions, boosting engagement and enabling more effective lead generation and marketing strategies. They can also improve data accuracy, generate detailed reports, and monitor for critical issues, offering businesses proactive relationship management tools. Internally, CURRENC’s AI Agents can be customized to train staff in customer service, operations, compliance, finance, and IT, and deliver comprehensive reporting, performance scoring and improvement suggestions.

    “‘AI Staff for Hire’ represents a major step forward in CURRENC’s mission to transform global financial services with AI,” said Alex Kong, Founder and Executive Chairman of CURRENC. “Our innovative, cost-effective AI Agents integrate seamlessly into business environments worldwide, enabling enterprises of all sizes and budgets to quickly and efficiently scale their operations while adapting to the demands of the digital economy. Building on the success of our SEAMLESS AI Call Centre Solutions, “AI Staff for Hire” will expand the boundaries of AI application across banking, insurance, human resources, and other sectors. As the market for AI-powered solutions grows, CURRENC remains committed to propelling AI development that will redefine the future of the global financial industry.”

    “AI Staff for Hire” is a key element in CURRENC’s comprehensive AI offering. Other key functions of our AI offering include app development, AI call centre capabilities, AI HR modules, and trading platforms specifically designed for smaller or newly established financial institutions such as eWallets, and banks. With CURRENC’s AI-powered tools, these organizations, often operating in regions with limited technological support, can rapidly launch sophisticated financial services without incurring heavy capex. As its AI offerings gain traction, CURRENC anticipates onboarding new clients in markets such as Oman, Pakistan, Egypt, Indonesia, India, and South America, bridging the digital divide and empowering local fintech ecosystems. Moreover, as CURRENC recruits new clients, there is a great opportunity for cross selling CURRENC’s digital remittance services and global airtime transfer services to the new clients, which could generate significant business synergy between the AI offerings and CURRENC’s existing businesses.

    The future of work is rapidly shifting toward AI Agents and digital clones. McKinsey analysts predict that AI-driven staff could handle up to 70% of white-collar tasks by 2030. Entrepreneurs and small enterprises may evolve into “One-Person Unicorn Companies,” leveraging AI staff to manage entire operations. As the AI-powered agents market is estimated to exceed $4.71 billion in value by 2030, according to MarketsandMarkets, businesses adopting AI workforce solutions today will gain critical competitive advantages.

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI: LIS Technologies Inc. Receives a Non-possessing Facility Clearance from the Nuclear Regulatory Commission Paving a Path for Access to Classified Matter

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, March 27, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has received a non-possessing Facility Clearance from the Nuclear Regulatory Commission (NRC). This allows the Company to apply for security clearances for its key employees. The CRISLA technology is a sensitive nuclear technology, and the Company is confident that the DOE will eventually designate the technology as classified restricted data, allowing a path for access to Classified Matter.

    Figure 1 – LIS Technologies Inc. Receives a Non-possessing Facility Clearance from the Nuclear Regulatory Commission (NRC) Paving a Path for Access to Classified Matter. This allows the Company to apply for security clearances for its key employees.

    “LIS Technologies is positioning itself to become a leader in the production of nuclear fuel for civilian nuclear reactors as well as advanced reactors such as SMRs and microreactors” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “Obtaining security clearances for key personnel is a major step towards this goal and will enable the Company to accelerate the deployment of our technology.”

    “The CRISLA technology shows immense potential, and I believe it is only a matter of time before the DOE Office of Classification requires the technology to be protected,” said Christo Liebenberg, CEO of LIS Technologies Inc. “Our proactive approach in obtaining a Facility Clearance and Q-clearances for key personnel will help to position us favorably once the technology becomes Classified. Several design aspects of the CRISLA technology are already being protected as CUI within the Company.”

    LIS Technologies is building on the growing momentum within the United States nuclear energy industry, having been selected in December 2024 as one of six companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Optimized for both Low-Enriched Uranium (LEU) and High-Assay Low-Enriched Uranium (HALEU), it overcomes the limitations of traditional pulsed 16µm CO2 lasers, featuring a streamlined design due to its lower absorption and shorter wavelength at 5.3µm. Demonstrated in the 1980s and 90s, this technology is protected by a patent from the United States Patent and Trademark Office (USPTO). Variations of the technology, as well as further development of the baseline technology, is treated by the Company as “Trade Secret” and as such is protected.

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
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    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Global Radiotherapy Market Expected to Reach $9.62 Billion By 2030 Realizing Growth Due to Technological Advancements

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts see the global radiotherapy market continuing to grow in the years to come. A recent report from MarketsAndMarkets said that the global radiotherapy market, which was valued at US$6.23 billion in 2022, grew at a robust CAGR of 4.9%, and reached US$7.21 billion in 2024 and is expected to reach an impressive US$9.62 billion by 2030. It said: “During the forecast years, the growth of the market is attributed to the focus on advancements in radiotherapy treatment technology growing patient population, increasing initiatives to promote radiotherapy awareness. Increasing use of particle therapy for cancer treatment among market players are also expected to support the growth of this market during the forecast period.” The report continued: “Technological advancements in radiotherapy methods, increasing cases of cancers, and the growing demand for radiotherapy services are areas of opportunity in this market. Market growth in North America is attributed to the favorable reimbursement scenario and the presence of key market players in the region. Emerging markets such as China, India are offering high growth opportunities for players operating in this market. Radiotherapy is a complex process that involves understanding the principles of medical physics, dosimetry, radiotherapy planning radiobiology, delivery and interaction of radiation therapy with other treatment modalities and the radiation safety.”   Active biotech and pharma companies in the markets this week include Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM), Bristol Myers Squibb (NYSE: BMY), Eli Lilly and Company’s (NYSE: LLY), Novartis AG (NYSE: NVS), AstraZeneca PLC (NASDAQ: AZN).

    MarketsAndMarkets continued: “The development of advanced radiotherapy technologies has, in turn, resulted in an increased complexity of operations. Also, a high level of accuracy is needed at every step of the process to achieve maximum tumor control with minimal risk to normal tissue. The ecosystem market map of the overall radiotherapy market comprises the elements present in this market and defines these elements with a demonstration of the bodies involved. Ecosystem analysis elucidates the interdependencies among various components in the radiotherapy market. At the forefront, product, technology, and the application of radiotherapy analyzers serve as the cornerstones, facilitating consumables used in analysis.”

    Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) Announces Supply Agreement with Eckert & Ziegler for Ac-225 Radioisotope to Support Comprehensive Development Activities – Actinium Pharmaceuticals, Inc. (Actinium or the Company), a pioneer in the development of targeted radiotherapies, recently announced it has entered into an agreement for the supply of Actinium-225 (Ac-225) with Eckert & Ziegler. Under this agreement, Actinium Pharmaceuticals will have access to Eckert & Ziegler’s high-quality Actinium-225 to further develop its lead product Actimab-A as well as additional early and late-stage development candidates for both U.S. and international clinical trials.

    Targeted radiotherapies using Ac-225 have shown great promise in the treatment of cancer. The radioisotope releases powerful alpha particles with high energy and low penetration depth, enabling precise targeting of tumor cells, including hard-to-reach micrometastases, while minimizing effects on surrounding healthy tissue. Actimab-A is an Ac-225 based radiotherapy agent, directed against CD33, a receptor overexpressed in patients with acute myeloid leukemia (AML) and other myeloid indications.

    Sandesh Seth, Chairman and CEO at Actium Pharmaceuticals, Inc. commented: “We believe that targeted radiation therapy with Actinium-225 is one of the most promising approaches for treating patients with myeloid malignancies and solid tumors. As we have highlighted recently, we are advancing our lead targeted radiotherapy Actimab-A into a pivotal Phase 2/3 trial for patients with relapsed or refractory acute myeloid leukemia and in the frontline setting in a Phase 1 trial under our CRADA with the NCI. Additionally, we have launched our Actimab-A solid tumor program to combine with PD-1 checkpoint inhibitors KEYTRUDA and OPDIVO for patients with head and neck squamous carcinoma and non-small cell lung cancer in multiple trials. As a pioneer in the development of target radiotherapies, we have aggressive plans to expand our clinical pipeline to address indications with high unmet needs. With this supply agreement with Eckert & Ziegler, we will have access to reliable and constant supply of Ac-225 to advance our product development both in the U.S. as well as internationally.”

    “We are happy to contribute to the continuous expansion of indications for Actinium-225, which is significantly being advanced by Actinium Pharmaceuticals,” explained Dr. Harald Hasselmann, CEO of Eckert & Ziegler SE. “The progress we have made in our Ac-225 project over the past year marks only the start of our program to address the global shortage of this vital radionuclide.”

    Eckert & Ziegler reliably supplies high-quality Gallium-68, Lutetium-177, Yttrium-90, and Actinium-225 to leading pharmaceutical companies, and research institutions worldwide. With expertise in radioisotope production and global logistics, the company is committed to continuously support the development and delivery of innovative radiopharmaceuticals. CONTINUED… Read this full press release and more news for Actinium Pharmaceuticals at:   https://ir.actiniumpharma.com/press-releases

    Other recent developments in the biotech industry of note include:

    Bristol Myers Squibb (NYSE: BMY) recently announced that the European Commission (EC) has granted approval to Breyanzi® (lisocabtagene maraleucel; liso-cel), a CD19-directed chimeric antigen receptor (CAR) T cell therapy, for the treatment of adult patients with relapsed or refractory follicular lymphoma (FL) after two or more lines of systemic therapy.

    “This additional approval for Breyanzi in FL represents a critical step forward in our mission to deliver on the transformational promise of cell therapy for more patients across Europe,” said Emma Charles, senior vice president, Europe Region, Bristol Myers Squibb. “While significant advancements have been made in the last two decades, there still remains unmet need for patients. Newer treatments for FL, like Breyanzi, have shown impactful results in clinical trials, with the opportunity to deliver lasting results in the routine care setting.”

    New results show Eli Lilly and Company’s (NYSE: LLY) EBGLYSS achieved deep and sustained response for patients with moderate-to-severe atopic dermatitis (eczema) at three years. These findings from the ADjoin long-term extension study will be presented at the American Academy of Dermatology (AAD) Annual Meeting, taking place March 7-11 in Orlando.

    EBGLYSS is an interleukin-13 (IL-13) inhibitor that selectively blocks IL-13 signaling with high binding affinity. The cytokine IL-13 is a primary cytokine in atopic dermatitis, driving the type-2 inflammatory cycle in the skin, leading to skin barrier dysfunction, itch, skin thickening and infection.

    Novartis AG (NYSE: NVS) recently announced that oral Fabhalta® (iptacopan) has received U.S. Food and Drug Administration (FDA) approval for the treatment of adults with C3 glomerulopathy (C3G), to reduce proteinuria, making it the first and only treatment approved for this condition.

    “C3G is a debilitating disease often affecting young people, impacting many aspects of their physical and emotional health, and our previous treatment options came with significant challenges,” said Carla Nester, M.D., M.S.A., F.A.S.N., Professor of Pediatrics-Nephrology at the University of Iowa and Fabhalta APPEAR-C3G Study Co-Investigator. “This approval of Fabhalta is historic for the entire C3G community as now, for the first time, we have a therapy that is believed to treat the underlying cause of the disease, providing the potential for a new standard of care for patients.”

    AstraZeneca PLC (NASDAQ: AZN) – New study results presented at the European Lung Cancer Congress (ELCC) 2025, March 26 to 29, demonstrate the role of AstraZeneca’s TAGRISSO® (osimertinib), as monotherapy and as the backbone for novel combinations, across stages and settings of epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC). Highlights include:

    Myung-Ju Ahn, MD, PhD, Professor of Hemato-Oncology at the Department of Medicine, Samsung Medical Center, Sungkyunkwan University School of Medicine, Seoul, South Korea, said: “A critical goal in treating every patient with lung cancer is to not only extend a patient’s life but also maintain quality of life while on treatment. The continued overall survival trend seen here at ELCC in the unresectable Stage III setting and the promising data for combinations that can address progression in the advanced setting, together reinforce osimertinib as an effective, safe and convenient treatment for patients with EGFR-mutated lung cancer across stages and lines of treatment.”

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    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    The MIL Network –

  • MIL-OSI Global: Guinea-Bissau’s political crisis: a nation on the brink of authoritarianism

    Source: The Conversation – Africa – By Carlos Eduardo Machado Sangreman Proença, enseignant-chercheur, Universidade de Aveiro (Portugal)

    Guinea-Bissau faces a deep political crisis. For several years, the small west African nation has endured growing tensions between political institutions and there’s now a strong climate of uncertainty.

    Guinea-Bissau’s general elections had been scheduled for November 2024, but President Umaro Sissoco Embaló postponed them citing political instability, logistical challenges and disputes over presidential term limits. He has since announced 30 November 2025 as the new date for elections.

    Embaló has been president of Guinea Bissau since 27 February 2020. The opposition and the Supreme Court argue that his presidency should have ended on 27 February 2025. Embaló however insists his mandate should end on 4 September 2025. The dispute over Embaló’s five-year term stems from different interpretations of his inauguration date. He argues his official term began later, in November 2020 – when legal challenges to his election were resolved.

    The opposition now regard Embaló as an illegitimate president. Economic Community of West African States (Ecowas) representatives were also recently threatened with expulsion from the country when they came to assess the political situation.

    These developments highlight an unprecedented crisis. They raise concerns about Guinea-Bissau’s democratic future, given the political uncertainty.

    I’m an expert on Guinea-Bissau’s politics and have carried out research on the state of the country’s democracy. In this article, I examine the country’s current political crisis.

    Weakening institutions

    Nearly 50 years after independence, Guinea-Bissau is a fragile state, struggling to meet its people’s needs. Weak institutions, a self-serving political and economic elite, and a lack of basic public services have fuelled instability.

    The army, led by veterans, has staged three coups, and the country’s 1998-1999 civil war caused significant destruction.

    Despite this, civil society remains vibrant. It fills gaps left by the state. It plays a vital role in education, human rights, women’s rights, and environmental protection. It also supports vulnerable groups, including child beggars (talibés).

    Since taking office, Embaló has been weakening democratic institutions and consolidating power.

    His recent dissolution of parliament in December 2023, without scheduling timely elections, violated constitutional norms. He also directly appoints and dismisses governments, while the Supreme Court lacks the quorum needed to function. As a result, the legislative, executive and judicial branches all fall under the president’s direct control.

    The parliament’s permanent commission, made up of elected members, is the only institution still operating within constitutional limits. However, the president’s dissolution of parliament has blocked legislative sessions.

    This broader trend of power consolidation started with João Mário Vaz, who led the country between 23 June 2014 and 27 February 2020. Guinea Bissau has, for the past decade, been slipping into authoritarianism under different leaders.

    Growing authoritarianism

    Since Embaló won the 2019 presidential election, political, economic and social instability has persisted. This has severely affected human rights in the country.

    One of the major drivers of the current crisis was Embaló’s dissolution of the National Assembly in 2023.

    The assembly was being controlled by the opposition. This followed 2023 legislative elections in which a coalition led by the African Party for the Independence of Guinea-Bissau and Cape Verde (PAIGC) won. Its leader, Domingos Simões Pereira, became speaker of parliament. A government appointed by the winning coalition was then sworn in.

    In December 2023, a brief clash between two paramilitary groups – the national guard and the presidential battalion – became a pretext to dissolve the National Assembly. The president then appointed a prime minister and formed a government himself.

    Losing external support

    Embaló has taken every step to stay in power. He will eventually hold a presidential election but, I believe, only when the opposition is too weak to unite behind a candidate. He is also distancing himself from Ecowas, which urges elections within constitutional deadlines.

    Embaló is, however, not alone in his efforts for control. His 2020 provisional inauguration in a hotel in the capital in 2020 was attended by politicians and business figures. He continues to receive backing, as shown by ongoing consultations and public statements from political and civil actors.

    Still, his domestic support appears to be shrinking. He may consolidate his authoritarian rule as long as the military stays in its barracks and elections are delayed.

    Guinea-Bissau faces two possible paths. It could transition into a liberal democracy if presidential and legislative elections restore functioning institutions. Alternatively, it could slip into dictatorship marked by unchecked presidential power, repression of opposition, and lawlessness, including armed groups and drug trafficking.

    In a region already struggling with Islamist insurgencies and instability, Guinea-Bissau’s trajectory matters. The international community, particularly in Africa, must not ignore this crisis. Pressure on Embaló to allow a democratic transition is crucial for the country’s stability.

    Carlos Eduardo Machado Sangreman Proença is a permanent member and director of a university research centre in Lisbon. He has been receiving funds from the Portuguese government for several years for research projects in Guinea-Bissau.

    – ref. Guinea-Bissau’s political crisis: a nation on the brink of authoritarianism – https://theconversation.com/guinea-bissaus-political-crisis-a-nation-on-the-brink-of-authoritarianism-252317

    MIL OSI – Global Reports –

  • MIL-OSI: BIO-key Trims 2024 Net Loss 49% to $4.3M, Reflecting Higher Gross Margin and Lower Operating Costs, Offsetting 11% Revenue Decrease Due to Business Transition; Hosts Investor Call Today at 10am ET

    Source: GlobeNewswire (MIL-OSI)

    HOLMDEL, N.J., March 27, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication, announced results for its fourth quarter (Q4’24) and year ended December 31, 2024 (2024). BIO-key’s 2023 results, which were restated and filed with the Company’s 2023 Form 10-K, are reflected in this release for comparison purposes. BIO-key will host an investor call today, Thursday, March 27th at 10:00am ET (details below).

    BIO-key CEO, Mike DePasquale commented, “From a strategic standpoint, we substantially strengthened our business in 2024, growing our high-margin software license fee revenue by 20% while exiting our low margin services relationship with Swivel Secure to focus on BIO-key solutions such as PortalGuard IAM and our Identity-Bound Biometrics. This transition away from Swivel Secure licensed solutions resulted in an 11% decline in 2024 revenue, but enabled us to substantially improve overall profitability despite lower revenue.

    “We also reduced operating expenses by 6% in 2024 and reduced cash used in operations by 23% to $2.91M in 2024 from $3.79M in 2023. With this transition behind us, we are in a much stronger position to grow and convert top-line revenue into bottom-line contribution.”

    Recent Highlights

    Mr. DePasquale, continued, “Moving forward, we are seeing very encouraging order demand for our solutions in national defense, financial services and education applications and particular strength in EMEA countries. We are seeing growing interest in our unique capabilities in passwordless, phoneless and tokenless authentication solutions which are best positioned to meet the most pressing security and usability challenges. Our biometric solutions are gaining solid traction in international markets across government, financial services and civil defense applications.

    “For example, in Q4’24 we secured a $910K contract with a long-time financial services client to implement our biometric identification technology across its branches. The customer has already enrolled fingerprint biometrics for over 25M end-users and is now upgrading to BIO-key’s “fingerprint-only,” one-to-many identification system. Our solution is expected to trim approximately 30 seconds from each customer interaction, resulting in both an improved customer experience and substantial long-term savings.

    “Our longstanding relationship with one of the world’s most esteemed defense ministries saw expanded deployment of our biometric solutions in 2024, a trend we expect to continue in 2025 and beyond. We currently provide authentication and digital security services for over 80,000 ministry personnel and believe that deployment could double or triple in coming years. To date, the ministry has generated $3.3M in total hardware and license revenue, and we are now working under a new long term procurement agreement initiated in Q3 2024.

    “This past January, we forged a partnership with the National Bank of Egypt, which is integrating BIO-key’s PortalGuard IAM platform and an industry-leading Identity Governance solution. This project, led by our partner, Raya Information Technology, leverages PortalGuard’s advanced IAM, MFA, and SSO capabilities to secure the digital identities of the bank’s 30,000 employees, and we believe there is potential down the road for this solution to be utilized with its customers.

    “BIO-key has also built an established and growing presence in education across over 100 institutions serving over 4M end users. In January, three additional colleges and universities migrated to PortalGuard IDaaS and the Wyoming Department of Education deployed PortalGuard IDaaS, adding a total of over 50,000 IDaaS end users. Building on this momentum, after an extensive RFP and review process, we executed a strategic partnership and Joint Purchase Agreement (JPA) with California’s Education Technology Joint Powers Authority (Ed Tech JPA). The agreement makes PortalGuard an approved IAM solution for the alliance’s 195 K-12 schools and districts, collectively serving over 2.6M students, uniquely positioning our offerings to comply solve Ed Tech JPA member IAM requirements, including compliance with emerging restrictions on the use of personal mobile devices in schools.

    “In an effort to seed future market opportunities, in December we announced a strategic collaboration with Fiber Food Systems to explore IAM use cases across the food industry. As part of this agreement, we also acquired shares of Boumarang, Inc. from Fiber in exchange for BIO-key stock. Boumarang is a pioneering force in sustainable, AI-driven, hydrogen-powered, long-range drone technology, a developing market with a clear need for a state-of-the-art IAM solutions. The equity exchange strengthened our balance sheet and paved the way to a strategic collaboration with Guinn Partners to integrate our biometric technology with Guinn’s expertise in IoT and autonomous systems, targeting applications across aerospace, defense, healthcare, logistics and smart cities. These initiatives will take time to develop, but we believe that each of them has the potential to create attractive new commercial opportunities for BIO-key.

    “We are off to a strong start in 2025 and believe we are well positioned to deliver improved top- and bottom-line performance. However, given the timing of large customer orders, our financial performance has the potential to fluctuate significantly on a quarter-to-quarter basis. Given increasing interest in our biometric solutions, growing adoption of passwordless, phoneless and tokenless IAM solutions, and the transition we executed in 2024 to a focus on higher-margin BIO-key solutions, we are very optimistic regarding our prospects this year. We remain focused on reducing costs to lower our breakeven level as we continue to explore new markets and strategic partnerships that could advance our path to sustained profitability and positive operating cash flow.”

    Financial Results
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change.

    2024 revenues decreased approximately 11% to $6.9M from $7.8M in 2023, largely due to BIO-key’s exit from a Swivel Secure Limited (SSL) distribution agreement and transition to selling BIO-key branded solutions in the EMEA region. The impact of this strategic decision contributed to more high-margin software license fee revenue and a reduction in services revenue from third-party products which carry a much lower gross margin. As a result, 2024 license fee revenue increased 20% to $5.2M in 2024 vs. $4.3M in 2023; service fees declined 50% to $1.1M in 2024 from $2.2 million in 2023; and hardware revenue declined 47% to $0.6M in 2024 from $1.2M in 2023.

    In Q4’24 license fee revenue increased 77% to $1.0M; services revenue decreased 28% to $0.3M and hardware revenue declined 88% to $0.1M, also reflecting the impacts of the strategic transition from SSL products and services toward BIO-key solutions.

    Gross profit grew to $5.6M in 2024 from $1.4M in 2023, due to a $3.6M hardware reserve taken in 2023 and the impact of growth in higher-margin license sales and a reduction in lower-margin services and hardware revenue. Exiting the SSL agreement contributed to lower costs to support deployments, including software license fees included in sales of Swivel Secure offerings vs. BIO-key’s internally developed software solutions. This resulted in gross profit increasing to $1.2M in Q4’24 vs. negative $95,496 in Q4’23, which included a $1.1M hardware reserve. Both Q4’24 and 2024 gross profit benefited from the sale of $213,005 of fully reserved hardware inventory.

    BIO-key reduced its operating expenses by $606,409 to $9.7M in 2024 from $10.3M in 2023, due to a reduction of SG&A costs by $722,563, partially offset by a $116,154 increase in research, development and engineering expense to support new product development. Proactive cost reductions included lower headquarters expenses, sales personnel costs, and marketing show expenses, partially offset by an increase in professional services, principally related to financing activities. BIO-key’s Q4’24 operating expenses were flat year-over-year at $2.6M.

    Reflecting greater gross profit and lower operating expenses, BIO-key’s 2024 net loss improved to $4.3M, or ($2.10) per share, from a net loss of $8.7M, or ($15.21) per share, in 2023. Similarly, BIO-key’s Q4’24 net loss improved to $1.6M, or ($0.53) per share, vs. $2.4M, or ($3.99) per share, in Q4’23. 2023 Results included hardware reserves of $3.6M and $1.086M in 2023 and Q4’23, respectively. 2024 results included a positive hardware reserve adjustment of $213,005 in Q4 for the sale of hardware that was previously reserved.

    Balance Sheet
    As of December 31, 2024, BIO-key had $1.9M of current assets, including $438,000 of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and $378,000 of inventory. This compares to current assets of $2.6M at December 31, 2023, including approximately $511,000 of cash and cash equivalents, $1.3M of net accounts receivable and due from factor, and $446,000 of inventory.

    Conference Call Details

    Date / Time: Thursday, March 27th at 10 a.m. ET
    Call Dial In #: 1-877-418-5460 U.S. or 1-412-717-9594 Int’l
    Live Webcast / Replay: Webcast & Replay Link – Available for 3 months.
    Audio Replay: 1-877-344-7529 U.S. or 1-412-317-0088 Int’l; code 6114035
       

    About BIO-key International, Inc. (www.BIO-key.com)

    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia and other foreign markets; our ability to migrate Swivel Secure customers to BIO-key and Portal Guard offerings; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence of the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future;, any disruption to our business that may occur on a longer-term basis should we be unable to continue to maintain effective internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

    Engage with BIO-key

    Investor Contacts

    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

     
    BIO-key International, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (Unaudited)
     
      Three Months Ended     Twelve Months Ended  
      December 31,     December 31,  
      2024     2023     2024     2023  
    Revenues                              
    Services $ 344,444     $ 478,005     $ 1,108,506     $ 2,218,885  
    License fees   1,023,701       577,669       5,189,370       4,342,010  
    Hardware   94,133       769,427       631,695       1,194,010  
    Total revenues   1,462,278       1,825,101       6,929,571       7,754,905  
    Costs and other expenses                              
    Cost of services   73,317       221,940       396,274       861,936  
    Cost of license fees   146,122       152,000       589,505       1,174,919  
    Cost of hardware   255,927       460,157       516,611       700,231  
    Cost of hardware – reserve   (213,005 )     1,086,500       (213,005 )     3,586,500  
    Total costs and other expenses   262,361       1,920,597       1,289,385       6,323,586  
    Gross profit   1,199,917       (95,496 )     5,640,186       1,431,319  
                                   
    Operating Expenses                              
    Selling, general and administrative   1,815,155       2,040,438       7,140,147       7,862,710  
    Research, development and engineering   812,072       587,900       2,511,080       2,394,926  
    Total Operating Expenses   2,627,227       2,628,338       9,651,227       10,257,636  
    Operating loss   (1,427,310 )     (2,723,834 )     (4,011,041 )     (8,826,317 )
    Other income (expense)                              
    Interest income   57       5,589       110       11,533  
    Gain from sale of asset           20,000               20,000  
    Loss on foreign currency transactions   (13,004 )     (24,000 )     (13,004 )     (39,000 )
    Loan fee amortization   (60,000 )     –       (124,000 )     –  
    Change in fair value of convertible note   –       131,497       –       396,203  
    Interest expense   (66,932 )     (58,890 )     (175,755 )     (218,270 )
    Total other income (expense), net   (139,879 )     74,196       (312,649 )     170,466  
                                   
    Loss before provision for income tax   (1,567,189 )     (2,649,638 )     (4,323,690 )     (8,655,851 )
                                   
    Provision for (income tax) tax benefit   –       276,825       –       134,014  
                                   
    Net loss $ (1,567,189 )   $ (2,372,813 )   $ (4,323,690 )   $ (8,521,837 )
                                   
    Comprehensive loss:                              
    Net loss $ (1,567,189 )   $ (2,372,813 )   $ (4,323,690 )   $ (8,521,837 )
    Other comprehensive income (loss) – Foreign currency translation adjustment   (25,409 )     138,029       26,469       265,423  
    Comprehensive loss $ (1,592,598 )   $ (2,234,784 )   $ (4,297,221 )   $ (8,256,414 )
                                   
    Basic and Diluted Loss per Common Share* $ (0.53 )   $ (3.99 )   $ (2.10 )   $ (15.21 )
                                   
    Weighted Average Common Shares Outstanding*                              
    Basic and diluted   3,032,240       560,278       2,059,884       560,278  
     
    *Periods reflect impact of BIO-key’s 1-for-18 reverse stock split effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 
     
    BIO-key International, Inc. and Subsidiaries
    CONSOLIDATED BALANCE SHEETS
     
        December 31,  
        2024     2023  
    ASSETS                
    Cash and cash equivalents   $ 437,604     $ 511,400  
    Accounts receivable, net     718,229       1,201,526  
    Due from factor     74,170       99,320  
    Inventory, net of reserve     378,307       445,740  
    Prepaid expenses and other     278,648       364,171  
    Total current assets     1,886,958       2,622,157  
    Equipment and leasehold improvements, net     140,198       220,177  
    Capitalized contract costs, net     409,426       229,806  
    Deposits and other assets     7,976       –  
    Operating lease right-of-use assets     73,372       36,905  
    Other assets     5,000,000       –  
    Intangible assets, net     1,097,630       1,407,990  
    Total non-current assets     6,728,602       1,894,878  
    TOTAL ASSETS   $ 8,615,560     $ 4,517,035  
                     
    LIABILITIES                
    Accounts payable   $ 818,187     $ 1,316,014  
    Accrued liabilities     1,278,732       1,305,848  
    Note payable     1,525,977       –  
    Government loan – BBVA Bank, current portion     132,731       138,730  
    Deferred revenue – current     773,267       414,968  
    Operating lease liabilities, current portion     24,642       37,829  
    Total current liabilities     4,553,536       3,213,389  
    Deferred revenue, net of current portion     196,237       28,296  
    Deferred tax liability     22,998       22,998  
    Government loan – BBVA Bank, net of current portion     44,762       188,787  
    Operating lease liabilities, net of current portion     48,994       –  
    Total non-current liabilities     312,991       240,081  
    TOTAL LIABILITIES     4,866,527       3,453,470  
                     
    Commitments                
                     
    STOCKHOLDERS’ EQUITY                
    Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,715,483 and 1,032,777 of $.0001 par value at December 31, 2024 and December 31, 2023, respectively     372       103  
    Additional paid-in capital     133,030,271       126,047,851  
    Accumulated other comprehensive loss     49,290       22,821  
    Accumulated deficit     (129,330,900 )     (125,007,210 )
    TOTAL STOCKHOLDERS’ EQUITY     3,749,033       1,063,565  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 8,615,560     $ 4,517,035  
     
    All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 
     
    BIO-key International, Inc. and Subsidiaries

    CONSOLIDATED STATEMENTS OF CASH FLOWS
     
        Years ended December 31,  
        2024     2023  
                     
    CASH FLOW FROM OPERATING ACTIVITIES:                
    Net loss   $ (4,323,690 )   $ (8,521,837 )
    Adjustments to reconcile net loss to cash used for operating activities:                
    Depreciation     93,026       75,136  
    Amortization of intangible assets and write-off     304,983       354,558  
    Interest payable on Note     164,589       –  
    Loss on foreign currency     13,004       39,000  
    Reserve for inventory     (213,005 )     3,586,500  
    Allowance for doubtful account     (372,532 )     750,000  
    Amortization of debt discount     124,000       –  
    Amortization of capitalized contract costs     175,900       171,291  
    Share based and warrant compensation for employees and consultants     225,245       226,725  
    Stock based fees to directors     18,006       39,007  
    Bad debt expense     100,000       100,000  
    Change in fair value of convertible note     –       (396,203 )
    Deferred income tax benefit     –       (134,014 )
    Amortization of operating lease right-of-use assets     79,521       –  
    Change in operating assets and liabilities:                
    Accounts receivable     855,829       (428,742 )
    Due from factor     25,150       (49,820 )
    Capitalized contract costs     (355,520 )     (118,028 )
    Deposits     (7,976 )     –  
    Right of use asset     (115,988 )     160,449  
    Inventory     280,438       402,129  
    Prepaid expenses and other     85,523       (21,465 )
    Accounts payable     (502,987 )     57,725  
    Income tax payable     –       (121,764 )
    Accrued liabilities     (27,116 )     275,561  
    Deferred revenue     526,240       (71,288 )
    Operating lease liabilities     (66,712 )     (168,376 )
    Net cash used for operating activities     (2,914,072 )     (3,793,456 )
    CASH FLOWS FROM INVESTING ACTIVITIES:                
    Capital expenditures     (13,047 )     (1,000 )
    Net cash used for investing activities     (13,047 )     (1,000 )
    CASH FLOWS FROM FINANCING ACTIVITIES:                
    Proceeds from public offerings             4,296,260  
    Repayment of convertible notes             (2,200,000 )
    Proceeds from the exercise of warrants     1,908,099       320  
    Costs incurred for issuance of common stock     (172,350 )     (561,367 )
    Proceeds from issuance of note payable     2,000,000       –  
    Repayment of note payable     (762,611 )     –  
    Repayment of government loan     (150,024 )     (119,251 )
    Proceeds from Employee Stock Purchase Plan     3,740       17,478  
    Net cash (used in) provided by financing activities     2,826,854       1,433,440  
    Effect of exchange rate changes     26,469       236,894  
    NET DECREASE IN CASH AND CASH EQUIVALENTS     (73,796 )     (2,124,122 )
    CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR     511,400       2,635,522  
    CASH AND CASH EQUIVALENTS, END OF YEAR   $ 437,604     $ 511,400  
     
    All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 

    The MIL Network –

  • MIL-OSI: Infinidat and Veeam Team Up on Next-Generation Data Protection for Kubernetes-based Workloads

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., March 27, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that Veeam, a leader in Kubernetes data resilience, can now leverage Infinidat’s InfiniBox® high-performance, cyber resilient storage solution to ensure data protection of Kubernetes-based workloads. The two companies are collaborating to support the enterprise market-wide adoption of Red Hat OpenShift Virtualization as an alternative to traditional virtualization platforms. This collaboration enables organizations to modernize data infrastructures by bringing new and existing virtual machine (VM) workloads and virtualized applications to Kubernetes and container deployments.

    Infinidat and Veeam have teamed up to offer a new joint solution that takes advantage of Veeam Kasten v7.5, the latest version of the industry’s leading Kubernetes resilience, recovery and mobility platform, combined with the massive scalability, robustness and enhanced cyber resilience capabilities of the newest-generation of InfiniBox storage systems to improve the next generation of data protection for large-scale enterprise environments up to billions of files. This joint solution offers enterprise customers and service providers a simple and comprehensive way to protect Kubernetes data.

    “The combination of Veeam Kasten v7.5 and Infinidat’s InfiniBox storage solutions is a perfect match for protecting critical workloads that are running in a Kubernetes environment,” said Gaurav Rishi, VP, Kasten Product and Partnerships at Veeam. “Kubernetes has become a vital part of enterprise infrastructure, especially in large enterprises and service providers, from its infancy as a DevOps application development and deployment environment to now being a production platform for delivering enterprise-class business applications. It is essential for our mutual customers that Veeam and Infinidat provide a highly cyber resilient, highly scalable, and highly performant next-generation data protection solution.”

    The joint solution provides a more seamless persistent storage layer with rapid backup and recovery for mission-critical stateful workloads, including support for Red Hat OpenShift Virtualization. It leverages the expanded immutability support in Veeam Kasten v7.5 to enhance security of data by being able to trigger InfiniSafe® immutable snapshots, enabled by Infinidat’s Container Storage Interface (CSI) driver. In addition, multi-protocol flexibility supports persistent volumes via block and file protocols, optimizing the unparalleled ease of use of both the InfiniBox and Veeam Kasten v7.5.

    “Infinidat’s comprehensive support for Veeam Kasten v7.5 enables large-scale Kubernetes production deployments that are reliable, robust, and cyber secure,” said Erik Kaulberg, VP of Strategy and Alliances at Infinidat. “Delivering best-in-class real-world application and workload performance, 100% availability, and cyber storage resilience, InfiniBox systems can scale to hundreds of thousands of persistent volumes. Partners like Veeam and Red Hat help fuel our containers innovation pipeline, providing a steady stream of enhancements that help our joint customers simplify all aspects of their container storage environments at enterprise scale.”

    Infinidat has seen increased momentum with its CSI driver for petabyte-scale Kubernetes deployments of Red Hat OpenShift in hybrid multi-cloud environments, ideally suited for high-performance enterprise primary storage, data protection, and backup needs. Infinidat supports virtualized and containerized applications with an integrated set of trusted tools that maximize the advantages of virtualization options on a unified platform.

    “As the virtualization landscape continues to evolve, many organizations are looking for a future proof virtualization solution. Red Hat OpenShift provides a complete application platform for both modern virtualization and containers, and through our collaboration with Infinidat and Veeam, users can leverage enhanced capabilities to scale and protect their VM and Kubernetes workloads,” said Mike Barrett, Vice President and General Manager, Hybrid Platforms at Red Hat.

    Infinidat’s storage solutions are part of the Veeam Ready for Kubernetes program. In addition, the InfiniBox solution was successfully tested last year to work with Red Hat OpenShift Virtualization.

    To read Infinidat’s blog about its relationship with Veeam, click here. For more information about Infinidat’s certification for Red Hat OpenShift Virtualization, click here.

    About Infinidat
    Infinidat provides enterprises and service providers with a platform-native primary and secondary storage architecture that delivers comprehensive data services based on InfiniVerse®. This unique platform delivers outstanding IT operating benefits, support for modern workloads across on-premises and hybrid multi-cloud environments. Infinidat’s cyber resilient-by-design infrastructure, consumption-based performance, 100% availability, and cyber security guaranteed SLAs align with enterprise IT and business priorities. Infinidat’s award-winning platform-native data services and acclaimed white glove service are continuously recommended by customers. For more information, visit www.infinidat.com.

    Connect with Infinidat
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    Media Contact
    Infinidat
    Sapna Capoor
    Director of Global Communications
    scapoor@infinidat.com I Mobile: +44 (0) 7789684159

    The MIL Network –

  • MIL-OSI: TransUnion Study Finds U.S. Data Breach Severity Reaches New High

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 27, 2025 (GLOBE NEWSWIRE) — Despite the volume of U.S. data breaches declining in 2024 from highs reached a year prior, data breach severity reached levels never seen since TransUnion’s measurement began in 2020. These findings were revealed as part of the newly-released TransUnion® (NYSE: TRU)  H1 2025 Update to the State of Omnichannel Fraud Report.

    In 2024, the number of primary data breaches dipped to 2,577 from 2,842 the year prior, while third-party data breaches fell precipitously to 515 from 2,731 in 2023. However, the severity of those data breaches increased by 34% from one year earlier, with the primary US Breach Risk Score (BRS)1 rising from 4.1 to 5.6 and third party rising from 4.2 to 5.2. Breach Risk Score is measured on a 1–10 scale, where 1 represents the least severe and 10 most.

    A primary data breach represents a direct attack on an organization. A third-party data breach, also known as a supply-chain attack, value-chain attack, or backdoor breach, is when an attacker accesses an entity’s network via third-party vendors or suppliers — payroll processing or medical billing, for instance.

    The study found that the 2024 U.S. data breaches targeted more high-quality credentials, and consumers reported being targeted by data harvesting scams in every channel, including email, text, phone and online. Exposed identity data enables cybercriminals to power automated, identity-based attacks on organizations and individuals more readily.

    “The reversal of the multi-year U.S. data breach growth is certainly a step in the right direction. However, the significant jump in data breach severity is a cause for concern,” said Steve Yin, global head of fraud at TransUnion. “Breach severity is a leading indicator of future fraud. This year’s growth in severity means organizations must be even more diligent moving forward and work even harder to defend against the oncoming identity fraud attacks such as those in account creations, social engineering scams, and account takeovers.”

    _______________
    1 The BRS is based on the quantity and severity of the particular identity credentials the affected entity determined to have been exposed.

    While U.S. Data Breach Volume Ticked Down in 2024, Data Breach Severity Reached Record Levels
     
      2020 2021 2022 2023 2024
    Volume
    Primary data Breaches 1,248 1,841 1,834 2,842 2,577
    Third-party data breaches 689 567 1,757 2,731 515
    Average Breach Risk Score
    Primary data Breaches 3.9 4.0 4.0 4.1 5.6
    Third-party data breaches 2.8 3.1 3.4 4.2 5.2
    Source: TransUnion TruEmpower™
     

    These data breaches played a key role in significant financial losses faced by consumers due to fraud. Among consumers TransUnion surveyed in 18 countries and regions in November and December 2024, 29% said they lost money due to online, email, phone or text message fraud in the last year. The newly-released TransUnion (NYSE: TRU) H1 2025 Update to the State of Omnichannel Fraud Report found that the median amount those consumers said they lost due to fraud in the past year was $1,747.

    Communities and Video Gaming Among Top Industries Targeted by Suspected Digital Fraud Globally
    Communities, which include venues such as online dating and forums, had the highest rate of suspected digital fraud2 attempts globally in 2024. Nearly 12% of all attempted communities transactions were suspected to be digital fraud last year. This is closely followed by video gaming (11%), with gaming (including online betting, poker, etc.) at 8% and retail (8%) rounding out the top four.

    The logistics industry, which has seen growth in shipping fraud (often perpetrated by organized crime rings), saw the greatest suspected digital fraud volume growth globally in 2024, up more than 100% over 2023. That being said, the fraud rate remains at a relatively modest 3%. Gaming also saw a significant year-over-year (YoY) volume change, up 20%. Telecommunications (-79%), insurance (-29%) and video gaming (-23%) saw the greatest decreases in suspected digital fraud volume YoY.

    “Digital fraud on community platforms is by no means a new phenomenon. However, in 2024, it appears that fraudsters targeted these areas with a renewed vigor,” said Richard Tsai, senior director of global fraud solutions at TransUnion. “Cybercriminals, taking advantage of the trust inherent on community-based platforms, targeted members with a wide range of scammer solicitations, the most reported type of digital fraud in communities.”

    For transactions where the consumer or fraudster was located in the U.S., gaming continues to see the highest suspected digital fraud rate. About 14% of attempted transactions were suspected to be digital fraud, roughly the same as 2023. This marks the fifth consecutive year since TransUnion began research on this metric five years ago, where 13% or more of attempted gaming transactions in the U.S. were suspected to be digital fraud.

    _______________
    2 The rate or percentage of suspected digital fraud attempts reflects those which TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) fraudulent upon customer investigation, or 4) a corporate policy violation upon customer investigation — compared to all transactions assessed. The country and regional analyses examined transactions in which the consumer or suspected fraudster was located in a select country or region when conducting a transaction. Global statistics represents every country worldwide and not just the select countries and regions.

    Communities Saw the Highest Suspected Digital Fraud Rates in 2024 Globally, While Logistics Saw the Greatest Volume Increase
         
    Industry Suspected digital fraud attempt rate 2024 Change in volume of suspected digital fraud attempts from 2023 to 2024
    Communities (online dating, forums, etc.) 11.6% +9%
    Video gaming 10.8% -23%
    Gaming (online sports betting, poker, etc.) 7.8% +20%
    Retail 7.6% -45%
    Financial services 4.9% +3%
    Telecommunications 3.0% -79%
    Logistics 2.6% +101%
    Insurance 2.0% -29%
    Government 1.7% +6%
    Travel & leisure 0.9% -38%
    Source: TransUnion TruValidate™
         

    As part of the same aforementioned consumer survey, 11% of U.S. respondents indicated that they were targeted by online, email, phone call or text messaging fraud from August to December 2024 and fell victim to it. Four in 10 respondents (41%) indicated that they were aware of being targeted, but did not fall victim. Among those able to identify being targeted, the most commonly reported fraud scheme in the U.S. was smishing. Smishing is a type of phishing that uses text messages to mislead people into giving away personal information. The term combines “SMS” and “phishing”.

    “While cybercriminals will attack at any time using any channel, they appear to focus on channels most popular in the regions they are targeting,” said Yin. “Text messaging remains incredibly popular in the U.S. and, among many demographic groups, is a far more ubiquitous way to communicate with mobile devices than phone calls. As such, it would stand to reason that smishing would be such a common fraud tactic among fraudsters targeting this region.”

    In contrast, nearly half of respondents (48%) indicated that they were not targeted by these types of fraud at all. This raises questions as to whether these respondents were in fact targeted, yet simply unaware.

    India and South Africa Saw the Greatest Percentage of Respondents Falling Victim to Digital Fraud in H2 2024
             
    Country Targeted and fell victim Targeted but didn’t fall victim Not targeted Most reported fraud scheme
    India 13% 41% 46% Identity theft
    South Africa 13% 55% 31% Phishing
    Dominican Republic 12% 24% 64% Vishing
    Kenya 11% 71% 19% Smishing
    Mexico 11% 31% 58% Stolen credit card
    Namibia 11% 52% 37% Vishing
    Philippines 11% 63% 26% Phishing
    Puerto Rico 11% 25% 63% Stolen credit card
    United States 11% 41% 48% Smishing
    Brazil 10% 30% 60% Vishing
    Rwanda 10% 57% 33% Money mule
    Spain 10% 25% 65% Phishing
    Canada 9% 47% 44% Phishing
    Chile 9% 30% 61% Vishing
    Colombia 9% 33% 58% Vishing
    Zambia 9% 70% 21% Smishing
    Hong Kong 6% 45% 48% Phishing
    United Kingdom 6% 44% 50% Phishing
    Source: TransUnion consumer survey
             

    TransUnion came to its conclusions about digital fraud and data breaches based on intelligence from TransUnion TruValidate and TruEmpower respectively.

    Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Guatemala, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia. Download the TransUnion H1 2025 Update to the State of Omnichannel Fraud Report for more information and insights about the global fraud trends.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact       Dave Blumberg
    TransUnion
         
    E-mail   david.blumberg@transunion.com
         
    Telephone   312-972-6646
         

    The MIL Network –

  • MIL-OSI: Catapult Launches Vector 8 – The Future of Athlete Monitoring

    Source: GlobeNewswire (MIL-OSI)

    Boston, MA, March 27, 2025 (GLOBE NEWSWIRE) — Catapult (ASX:CAT), the global leader in sports technology for professional teams, announced today the launch of Vector 8—representing a significant leap forward in athlete performance monitoring. Vector 8 empowers teams to make precise, real-time decisions through an unprecedented live experience, streamline operations with faster, more efficient workflows, and gain clearer insights into athlete performance through a completely reimagined user experience.

    The Vector 8 athlete monitoring system features a state-of-the-art wearable device powered by the most advanced microprocessors and inertial sensors in sport, the fastest and most computationally powerful smart dock ever built, and a receiver/relay network that delivers unmatched athlete and area coverage—supporting up to 120 athletes across a 400 x 400 meter field.

    “Vector 8 is the result of years of relentless innovation by our world-class team of data scientists, engineers, and sports scientists. This breakthrough represents a new era in athlete monitoring—delivering unmatched speed, precision, and usability. We’ve built a solution that not only saves teams significant time but fundamentally enhances their ability to make smarter, faster decisions in the moments that matter most,” said Matt Bairos, Chief Product Officer, Catapult. 

    Key benefits of Vector 8:

    • Speed: Accelerated insights and substantial time savings. A direct-to-cloud connection allows coaches to upload and analyze massive datasets up to 20x faster than previous solutions. Coaching staff can simultaneously view, edit, and analyze reports across multiple users and devices in real time.
    • Efficiency: Teams will spend less time managing data and more time coaching athletes. IoT-powered system management eliminates operational overhead, while pre-generated reports are available immediately after each session—allowing coaches to begin analysis the moment they leave the field. Vector 8’s open platform seamlessly integrates third-party biometric sensors into the Catapult performance ecosystem. By leveraging its robust infrastructure, Vector 8 streamlines data capture and enhances the depth of real-time analysis, empowering teams with more efficient workflows and richer performance insights.
    • Real-Time Decisions: Coaches can assess athlete performance the moment it happens, powered by a live engine that delivers AI-driven, sport-specific data in any environment. With centimeter-level accurate GPS, built-in two-way (device-to-device) communication, and automatic cloud integration with Catapult’s Pro Video suite during games and training, Vector 8 provides the clearest picture of athlete performance and readiness to date—enabling coaches to deliver immediate, informed feedback to their athletes.

    Catapult Vector 8 will be available for American Football teams beginning April 2025, rolling out for all major sports through the 2025 season. For more information, visit www.catapult.com/vector8.    

    About Catapult 

    Catapult exists to unleash the potential of every athlete and team on earth. Operating at the intersection of sports science and analytics, Catapult products are designed to optimize performance, avoid injury, and improve return to play. Catapult works with more than 4,400 elite teams in over 40 sports across more than 100 countries globally. To learn more about Catapult or to inquire about accessing performance analytics for a team or athlete, visit us at catapult.com. Follow us at @CatapultSports on social media for daily updates.

    Attachment

    The MIL Network –

  • MIL-OSI: Primech Holdings Limited Provides Financial Updates and Corporate Highlights For the Six Months Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, provides a financial and corporate update coincident with the filing of the Company’s financial results for the six months ended September 30, 2024.

    Financial Highlights:

    • Revenue was approximately $36.9 million for the six months ended September 30, 2024, representing a 5.1% increase from the same period in 2023;
    • Gross Profit Margin increased from 16.4% for the six months ended September 30, 2023, to 22.5% for the six months ended September 30, 2024;
    • Sales and marketing expenses increased from approximately $11,000 for the six months ended September 30, 2023 to approximately $1.4 million for the six months ended September 30, 2024.
    • Loss from operations was approximately $0.9 million for the six months ended September 30, 2024, while profit from operations was approximately $0.3 million for the six months ended September 30, 2023.
    • Net loss was approximately $1.3 million for the six months ended September 30, 2024, while net income was approximately $0.2 million for the six months ended September 30, 2023.

    Operational and Corporate Highlights:

    • Primech launched Primech AI as an operating subsidiary focused on creating robotic-based solutions to meet the growing demand for efficient and autonomous cleaning technology. With patents pending, Primech AI is developing HYTRON, a fully autonomous AI-powered toilet cleaning robot featuring 3D-cleaning and electrolyzed water for enhanced efficiency. Primech AI showcased its HYTRON robot at the 2024 CleanEnviro Summit Singapore (CESG) in June, generating significant industry interest.
    • Primech’s subsidiary, Primech A & P Pte. Ltd., was nominated as a finalist for The Singapore Apex Corporate Sustainability Awards in the “LowCarbonSG” category. This recognition acknowledges the Company’s achievement of at least 5% improvement in Scope 1 and 2 carbon emissions over 24 months through strategic initiatives.

    Management Commentary:

    Kin Wai Ho, CEO of Primech Holdings Limited, commented, “While our financial results for this period reflect the significant investments we are making in technology and market development, we believe these strategic initiatives position us for substantial long-term growth and enhanced shareholder value. The increased marketing expenses reflect our commitment to expanding our market presence and promoting our innovative solutions, particularly our AI-powered cleaning technologies.”

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

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

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

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

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

    The MIL Network –

  • MIL-OSI United Kingdom: Free 24/7 support app for Island parents and parents-to-be 27 March 2025 Launch of free 24/7 support app for newborn care, baby feeding and growing families on the Isle of Wight

    Source: Aisle of Wight

    Parents and parents-to-be on the Isle of Wight can now access expert parenting support anytime, anywhere with the launch of free premium access to the Anya App.

    Isle Of Wight Council’s Family Hubs and Start for Life Infant Feeding Programme have partnered with Anya to support parents with newborn care, baby feeding and early parenting – all from their mobile phones.

    Anya App provides a wealth of resources including: videos, articles, 3D Breastfeeding Animations and expert one-to-one support all on your phone:

    • Explore extensive library resources including videos, articles, personalised programmes and more. 
    • Join a supportive community of parents and connect 1:1 with parenting and infant feeding specialists who truly understand your journey.
    • Ask Anya anything 24/7. Your virtual companion. Get instant answers anytime of the day – perfect for any middle-of-the-night worries.

    Research highlights that the first 1,001 days – from pregnancy until a child’s second birthday – are a crucial period for development, shaping a child’s health, wellbeing, and future outcomes. The Anya App is dedicated to supporting families through the first 1,001 days of parenthood with confidence.

    Island parents and carers from pregnancy until their child’s second birthday can claim free access to the Anya App and benefit from this virtual parenting companion. The premium version provides unlimited access to 24/7 evidence-based information and support through its carefully designed features such as specialist chat, live infant feeding web drop-ins, interactive breastfeeding animations and a rich content library of on-demand resources to support parents on the Isle of Wight on their early parenting journey.

    The Family Hubs, Start for Life Programme, and Breastfeeding Friendly Spaces, all form part of the extensive support for all families that is available across the Island – the Anya App is another way expecting and new parents can access support to give their baby the best start in life by now providing them with access to support anytime, anywhere.

    Anya App CEO, Dr. Chen Mao Davies, who is a fellow of the NHS innovation accelerator program, which helped develop Anya Health App, said: “I am proud to welcome the Isle of Wight Council as a partner in our mission to provide round-the-clock support for parents in their early parenting journey. Anya’s AI virtual companion is here to empower families with 24/7 support on pregnancy, parenting, and infant feeding for children aged 0-2 years. Together, we will enhance the parenting experience and ensure that every family has access to the resources they need for the best start to life.”

    Isle of Wight residents can download Anya at www.anya.health/isleofwight or by searching ‘Anya Health’ in their preferred app store. Once you have downloaded the Anya App, simply enter your Island postcode to get free premium access for 1,001 days (up until baby’s second birthday).

    Download the Anya app

    Infant feeding advice for the Isle of Wight

    MIL OSI United Kingdom –

  • MIL-OSI China: China releases top 10 scientific advances of 2024

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

    BEIJING, March 27 — The National Natural Science Foundation of China released the country’s top 10 scientific advances of 2024 during the opening ceremony of the 2025 Zhongguancun Forum (ZGC Forum) Annual Conference in Beijing on Thursday.

    The advances were mainly achieved in the fields of mathematics, physics, astronomy, information science, chemistry, materials science, energy, earth and environmental science, and life and medical science.

    The list includes the Chang’e-6 mission’s returned samples, which revealed volcanic activity on the far side of the moon dating back 2.8 billion years, the realization of intelligent reasoning and training using large-scale photonic computing chips, and the discovery of key evidence that supermassive black holes affect the formation and evolution of their host galaxies.

    The annual selection of China’s top 10 scientific advances began in 2005, said Dou Xiankang, director of the foundation.

    This year’s top 10 advancements were chosen from over 700 groundbreaking basic research achievements.

    The 2025 ZGC Forum runs from March 27 to 31, focusing on cutting-edge fields from large AI models to quantum technology.

    MIL OSI China News –