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Category: Artificial Intelligence

  • MIL-OSI: Breker RISC-V SystemVIP Deployed across 15 Commercial RISC-V Projects for Advanced Core and SoC Verification

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) — Breker Verification Systems today confirmed its RISC-V SystemVIP library components and test suite synthesis product portfolio is deployed in more than 15 commercial RISC-V semiconductor design projects, while its RISC-V products are used in several large-scale academic projects.

    Large, complex application processor projects that range from data center, automotive and AI accelerator to consumer device applications rely on Breker’s RISC-V CoreAssurance™, SoCReady™ and Cache Coherency SystemVIPs across the RISC-V core and SoC verification stack. Breker executives are heading working groups in the evolving RISC-V International certification program.

    “Breker Verification Systems’ products provide significant advantages on top of standard verification solutions, especially for the most challenging verification problems,” affirms Ty Garibay, President of Condor Computing. “Applying these approaches to RISC-V processor design was a natural extension, and leveraging this technology in the development of our high-performance CPU IP is already paying dividends.”

    Breker’s test suite synthesis solution and SystemVIP library allow for enhanced verification coverage while significantly reducing test development time for complex scenarios. The verification of processor cores that leverage the RISC-V Open Instruction Set Architecture (ISA) requires testing specialized, unique scenarios. Breker’s RISC-V synthesized SystemVIPs make use of AI Planning Algorithms, cross-test multiplication and concurrent, multi-threaded scheduling provide rigorous testing from randomized instructions to unique coherency, paging and other complex system integration validation.

    “MIPS RISC-V cores represent the state-of-the-art in advanced application processor solutions,” notes Steve Mullinnix, Senior Director, Design Verification, MIPS. “Working with Breker, we are able to verify complex, compounded scenarios unique to these devices quickly and efficiently.”

    Breker is cooperating with academic institutions including Harvey Mudd College in Claremont, Calif., and Oklahoma University, developers of the Wally open-source processor core, and ETH Zurich in Zurich, Switzerland, that produced the Ariane processor core. Breker has provided application-level tests for these institutions while collaborating on next-generation verification environments.

    “Breker is at the forefront of RISC-V verification,” comments David Harris, the Harvey S. Mudd Professor of Engineering Design. “It’s first-rate SystemVIP synthesis platform is a breakthrough verification tool and an effective problem-solver for our RISC-V programs.”

    Additionally, executives from Breker are leading two working groups within RISC-V International’s Certification Steering Committee to develop a program to provide a quality stamp based on extensive, independent architectural testing.

    “The rate of adoption of our tools is remarkable and supports our belief that test suite synthesis is a must have tool for every RISC-V design project,” says David Kelf, Breker’s Chief Executive Officer. “Our efforts to build more features will continue as will our willingness to partner with leading project groups and industry organizations helping to cement the RISC-V ISA place across the semiconductor industry.”

    Breker’s RISC-V CoreAssurance, SoCReady and SystemVIP
    Breker unveiled RISC-V CoreAssurance, SoCReady and SystemVIP in June 2024, along with a complete range of tests for the entire RISC-V core verification stack. Starting with randomized instruction generation and microarchitectural scenarios, SystemVIP includes unique tests that check all integrity levels ensuring the smooth application of the core into an SoC, regardless of architecture, and the evaluation of possible performance and power bottlenecks and functional issues.

    The SystemVIP can be extended for custom RISC-V instructions to be fully incorporated into the complete test suite crossed with other tests. It is self-checking and incorporates debug and coverage analysis solutions and can be ported across simulation, emulation, prototyping, post-silicon and virtual platform environments.

    Breker’s SystemVIP is used for a variety of complex RISC-V core designs, including system coherency in a multicore SoC integrity test sets, high-coverage core test, power domain switching, hardware security access rules and automated packet generation

    Breker at DVCon U.S. February 24-27 in San Jose
    Breker will exhibit and demonstrate its RISC-V CoreAssurance and SoCReady SystemVIP and Trek Test Suite Synthesis solutions at DVCon U.S. February 24-26 at the DoubleTree Hotel in San Jose, Calif.

    It will present a workshop titled “Complex Verification Example: RISC-V MMU Verification of Virtualization and Hypervisor Operation for CPU and SOC platforms” Monday, February 24, from 3:30 p.m. until 5 p.m. in the Oak Room.

    To arrange a demonstration or private meeting, send email to info@brekersystems.com.

    About Breker Verification Systems
    Breker Verification Systems solves complex semiconductor challenges across the functional verification process from streamlining UVM-based testbench composition to execution for IP block verification, significantly enhancing SoC integration and firmware verification with automated solutions that provide test content portability and reuse. Breker solutions easily layer into existing environments and operate across simulation, emulation and prototyping, and post-silicon execution platforms. Its Trek family is production-proven at leading semiconductor companies worldwide and enables design managers and verification engineers to realize measurable productivity gains, speed coverage closure and easy verification knowledge reuse. As a leader in the development of the Accellera Portable Stimulus Standard (PSS), privately held Breker has a reputation for dramatically reducing verification schedules in advanced development environments. Case studies that feature Altera (now Intel), Analog Devices, Broadcom, IBM and other companies leveraging Breker’s solutions are available on the Breker website.

    Engage with Breker at:
    Website: www.brekersystems.com
    Twitter: @BrekerSystems
    LinkedIn: https://www.linkedin.com/company/breker-verification-systems/
    Facebook: https://www.facebook.com/BrekerSystems/

    TrekSoC, TrekSoC-Si, TrekBox and SoC Scenario Modeling are registered trademark of Breker Verification Systems. Breker Verification Systems acknowledges trademarks or registered trademarks of other organizations for their respective products.

    For more information, contact:
    Nanette Collins
    Public Relations for Breker Verification Systems
    nanette@nvc.com

    The MIL Network –

    February 21, 2025

  • MIL-OSI USA: Video: Kaine Speaks on Senate Floor Regarding Republicans’ Bill to Cut Taxes for the Wealthy by Slashing Programs Virginians Rely On

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    BROADCAST-QUALITY VIDEO IS AVAILABLE HERE.

    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA), a member of the Senate Budget Committee, spoke on the Senate floor raising alarm about President Trump and Republicans’ plan to cut critical funding for programs that Virginians rely on and use that to fund tax cuts for billionaires. Republicans are expected to bring a budget resolution that tees up tax cuts for billionaires at the expense of middle-class Americans to the Senate floor this week. Republicans are using a legislative process known as “reconciliation,” which allows certain legislation to be expedited and passed in the Senate by a simple majority, avoiding the 60-vote threshold needed for most other legislation.

    “If the Republican majorities here and in the House cared about the budget, we’d have an appropriations deal… Instead, what Democrats are hearing is that Republicans don’t want to do the traditional appropriations budget. They want to do a continuing resolution, which would be very harmful,” said Kaine.

    “This discussion is a Trojan horse,” Kaine continued. “This is about an effort to dramatically cut spending programs that support everyday Virginians and everyday Americans and then to take those dollars and use them to fund tax cuts for the wealthiest Americans and the biggest corporations. Taking from people who rely upon community health clinics, rely upon Medicaid, rely upon student loans—taking those dollars and then using them to fund tax cuts for the wealthy.”

    “We can’t convince people that ‘oh, this is about border security and national defense’ when we’ve got a demonstrable bipartisan track record of being able to advance in those areas,” said Kaine.

    “Let’s just be clear about what this is,” Kaine concluded. “It’s a Trojan horse effort to amass savings off the backs of everyday people to pour into tax cuts for the wealthiest of Americans who don’t need help. We need to resist it in every way we can, and I look forward to joining my colleagues in doing so.”  

    President Donald Trump and Republicans in Congress are currently negotiating an extension to Trump’s 2017 tax law, which cut taxes for large corporations and the highest-income earners and substantially increased the federal deficit. They are now proposing broad-based tariffs and massive, across-the-board cuts to federal programs like Medicaid to fund these tax cuts for billionaires. Tax estimates have shown that if fully enacted, Trump’s tariffs could raise costs by $2,500 to nearly $4,000 per household, and American consumers could lose between $46 billion to $78 billion in spending power each year.

    MIL OSI USA News –

    February 21, 2025

  • MIL-OSI Canada: Sheriffs close drug house in Medicine Hat

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

    February 21, 2025

  • MIL-OSI Global: German election: a triple crisis looms large at the heart of the economy

    Source: The Conversation – UK – By Ralph Luetticke, Professor of Economics, School of Business and Economics, University of Tübingen

    Oleg Senkov/Shutterstock

    Ahead of the election on February 23, many German voters are deeply concerned about the economy – and for good reason. The German economy is in a recession and has been shrinking for two consecutive years. In fact, it is now about the same size as it was in 2019, even as some of its peers among the world’s advanced economies have experienced solid growth (on the left of the chart below).

    This matters for voters, who have experienced stagnating real incomes and remain pessimistic – expecting real incomes to decline further.

    GDP and productivity growth of Germany, UK and US:

    There could be several reasons for Germany’s economic malaise. First, fiscal policy in Germany is tighter than in other countries, meaning higher taxes and lower public spending. Due to the “debt brake” enshrined in its constitution, Germany is severely restricted in running budget deficits, except when the government declares an emergency, as it did due to COVID.

    The last coalition government collapsed over a dispute about whether to declare another emergency over the war in Ukraine in order to increase borrowing capacity. This did not happen, and as a result Germany’s fiscal deficit has remained relatively moderate. The argument goes that a larger deficit might have boosted economic growth.

    Second, for decades, Germany has relied on foreign demand to sustain economic growth at home. During the first two decades of the 21st century, it benefited greatly from China’s integration into the world economy.

    To build up its productive capacity, China relied heavily on machinery produced in Germany and it purchased a significant number of German cars. However, this is no longer the case. As China has moved to the technology frontier, it no longer depends as much on German cars or machinery.

    However, both factors only go so far in accounting for the stagnating German economy. For if demand – domestic or foreign – is too weak to sustain growth, this should be reflected in falling prices.

    Yet prices have been rising strongly. Inflation in Germany has been running high over the last couple of years.

    And it has not been systematically lower than in, say, the US or the rest of the euro area. Over the next 12 months, households expect inflation to be above 3% – well above the European Central Bank’s 2% target.

    Another relevant indicator also suggests that lack of demand is unlikely to be the main reason for Germany’s stagnation. Unemployment is low in Germany, lower than in most European countries and hardly higher than in 2019.

    Instead, adverse supply conditions are key, as reflected in households’ expectations of falling incomes and higher inflation.

    Overall, supply is simply the combination of labour and capital inputs (for example, the size of the workforce and the machinery or premises available to them) along with productivity or technology, which tells us how much output we get from the labour and capital inputs. Germany is facing a triple crisis in this regard – expensive energy, weak labour supply and low productivity growth.

    First, there are energy prices, which have been pushed up everywhere by the Russian invasion of Ukraine. However, the effect has been particularly strong in Germany due to its direct dependency on Russian gas.

    The outgoing government, in which the Greens have been a key player, is widely credited with trying to accelerate Germany’s green transition. This raised the costs of the transition above those caused by the European Emissions Trading System, whereby polluters pay for their emissions.

    While it is difficult to determine the exact contributions of the war and the green transition to the rise in energy prices, both clearly act as a drag on growth, particularly on the supply side (that is to say, production potential).

    The productivity problem

    But Germany faces more fundamental supply-side challenges. The second issue becomes apparent when comparing GDP per hour worked (a measure of a country’s productivity, as seen on the right of the chart above).

    Here, the trends in Germany and the UK are quite similar, implying that Germany’s lower economic growth relative to the UK is primarily due to people working fewer hours. This, in turn, may reflect demographic changes, migration that does not contribute to the labour force or shifting preferences in the wake of COVID.

    The third issue is productivity growth. Consider the increase in GDP per hour worked in the US, which has risen by more than 10% as shown in the chart above, dwarfing the developments in both Germany and the UK. Common causes of weak productivity growth include ageing infrastructure, low private sector investment, a lack of start-ups and fewer new companies growing into multinational leaders.

    A turnaround requires far-reaching improvements in supply conditions. In terms of energy, Germany should avoid measures such as introducing more regulation on the heating or insulation of new and existing homes, and instead rely on the EU-wide emissions trading scheme to curb emissions.

    In the labour market, increased participation or skilled migration is needed, supported by policies that encourage people to retire later and entice more women into the workforce.

    Increasing defence spending could be a way to boost German productivity.
    Ryan Nash Photography/Shutterstock

    Productivity growth remains the most challenging issue. A good start would be increased funding for universities and reduced regulation, particularly for AI technology.

    Deepening the EU’s single market, for example by removing restrictions on cross-border energy trade to allow firms to access cheaper electricity, would enhance competition and drive productivity growth. This way, companies could expand and create well-paying jobs.

    Finally, an additional boost may come from higher defence spending, not only to address the much-needed improvement of Germany’s external security but also because it has been shown to increase productivity.

    While immigration may be a major talking point for the German electorate in the coming vote, the economy – as ever – will be an important factor in measuring the mood of the country.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. German election: a triple crisis looms large at the heart of the economy – https://theconversation.com/german-election-a-triple-crisis-looms-large-at-the-heart-of-the-economy-250320

    MIL OSI – Global Reports –

    February 21, 2025

  • MIL-OSI Economics: Introducing Azure AI Foundry Labs: A hub for the latest AI research and experiments at Microsoft

    Source: Microsoft

    Headline: Introducing Azure AI Foundry Labs: A hub for the latest AI research and experiments at Microsoft

    We’re thrilled to announce the launch of Azure AI Foundry Labs, a hub for developers, startups, and enterprises to explore groundbreaking innovations from research at Microsoft.

    Today we’re launching Azure AI Foundry Labs, a hub for developers, startups, and enterprises to explore groundbreaking innovations from research at Microsoft. Foundry Labs unites cutting-edge research with real-world applications, to enable developers and creators across industries to discover new possibilities, solve complex problems, and share insights to shape the future of AI. 

    Explore Azure AI Foundry Labs now

    Microsoft’s newest AI breakthrough—Muse, a first-of-its-kind World and Human Action Model (WHAM), available today in Azure AI Foundry—is the latest example of bringing cutting-edge research innovation to our AI platform for customers to use.

    With Azure AI Foundry Labs, we’re excited to unveil new assets for our latest research-driven projects that empower developers to explore, engage, and experiment. Projects across models and agentic frameworks include:

    • Aurora: A large-scale atmospheric model providing high-resolution weather forecasts and air pollution predictions, outperforming traditional tools. 
    • ExACT: An open-source project enabling agents to learn from past interactions and improve search efficiency dynamically.
    • Magentic-One: A multi-agent system solving complex problems by orchestrating multiple agents, built on the AutoGen framework. 
    • MatterSim: A deep learning model for atomistic simulations, predicting material properties with high precision. 
    • OmniParser v2: A vision-based module converting UI screenshots into structured elements, enhancing agents’ action generation. 
    • TamGen: A generative AI model for drug design, using a GPT-like chemical language model for target-aware molecule generation and refinement. 

    Then versus now

    In the early days of global positioning systems (GPS) technology, it took roughly a decade for GPS to make its way from specialized, military-grade instruments into everyday consumer use. What started as a niche innovation in the 1970’s didn’t become truly mainstream until the late 1990’s and early 2000’s, when GPS receivers became standard features in cars, cell phones, and handheld devices. Ten years might sound like a reasonable adoption curve—until you look at how quickly innovations are moving in AI today.

    In recent years, the pace of AI advancement has accelerated dramatically. We’ve witnessed a shift from unveiling a new model every 4–6 months to releasing breakthroughs every 4–6 days. The amount of compute used for training AI models has grown 10 times every 12 months, turbocharging both research and commercialization. And time-to-product from foundational research to full-scale product deployment has gone from years to months. 

    At this velocity, ideas and prototypes need to be iterated upon, validated, and deployed faster than ever before. This rapid evolution demands new thinking in how we bridge research and application.

    Accelerating research to impact

    Azure AI Foundry Labs highlights the long-term collaboration between research and engineering teams at Microsoft and provides a single access point for developers and the broader AI community to experiment with new models, explore the latest frameworks, and be at the forefront of innovation. Developers can create prototypes using experimental research in Azure AI Foundry Labs, collaborate with researchers and engineering teams by sharing feedback, and help speed up the time to market for some of the most promising technologies. 

    The next chapter 

    The gap between breakthrough and impact has never been smaller. What once took years now takes weeks, and what was once confined to research labs now runs on devices in our pockets. Azure AI Foundry Labs exists to collapse this gap even further—to ensure that every breakthrough in AI research finds its way to the developers, creators, and innovators who can transform it into real-world impact. 

    Azure AI Foundry Labs

    Bridging research and application.

    This isn’t just about sharing research—it’s about accelerating the cycle of innovation itself. Whether you’re a developer, researcher, startup founder, or enterprise builder, Azure AI Foundry Labs gives you direct access to the bleeding edge of AI advancement. The tools and models available today are just the beginning. 

    Visit Azure AI Foundry Labs to start building the future.

    MIL OSI Economics –

    February 21, 2025

  • MIL-OSI: Saudi Arabia Clinical Trials Market Report Insight On Active Clinical Trials By Indication Phase

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Feb. 20, 2025 (GLOBE NEWSWIRE) — Saudi Arabia Clinical Trials Market, Ongoing Clinical Trials By Company, Indication, Phase & Regulations Insight 2025 Report Highlights:

    • Saudi Arabia Clinical Trials Market Opportunity: US$ 200 Million
    • Comprehensive Insight On Clinical Trials Studies In Saudi Arabia : > 400 Studies
    • Clinical Trials Studies By Indication, Phase & Sponsor
    • Regulatory Framework & Clinical Trials Guidelines
    • Insight On Domestic CRO Operating In Saudi Arabia: 15 CRO
    • Overview On Existing Healthcare Infrastructure & Medical Professionals Like Doctors, Dentist, Nurses

    Download Report: https://www.kuickresearch.com/report-saudi-arabia-clinical-trials-market

    Saudi Arabia’s clinical trial landscape is rapidly evolving, positioning the country as an emerging hub for research and development in the Middle East. With a strong regulatory framework, expanding healthcare infrastructure, and an increasing focus on innovation, Saudi Arabia is determined to play a more significant role in the global clinical trials ecosystem. The country is making concerted efforts to attract pharmaceutical companies, researchers, and investors to establish a robust presence in the global clinical trial landscape, capitalizing on the opportunities presented by a well-regulated and high-potential healthcare market.

    One of the driving forces behind this ambition is the growing recognition of Saudi Arabia’s strategic position as a gateway to the region’s emerging healthcare markets. With a highly centralized healthcare system, the country provides easy access to a well-established network of hospitals and research centers, such as the King Abdullah International Medical Research Center (KAIMRC), King Faisal Specialist Hospital & Research Centre, King Fahad Medical City, and King Khalid University Hospital. These institutions are at the forefront of clinical research and play a pivotal role in conducting trials. Their state-of-the-art facilities and research capabilities make them attractive partners for international pharmaceutical companies looking to expand their clinical trial operations in the Middle East.

    Saudi Arabia is increasingly becoming a key player in various therapeutic areas, particularly oncology, endocrinology/metabolism, cardiology, and infectious diseases. These areas are among the most studied in the country, driven by both local healthcare needs and global demand for innovative treatments. Oncology, in particular, has seen substantial research efforts due to the rising incidence of cancer in the region, prompting pharmaceutical companies to sponsor a significant number of studies. The focus on endocrinology/metabolism and cardiology aligns with the country’s efforts to tackle the growing prevalence of chronic diseases, such as diabetes and cardiovascular conditions. Additionally, Saudi Arabia’s strategic location in the Middle East allows it to be a key player in research related to infectious diseases, which are particularly relevant in the context of global public health crises.

    The Saudi government’s continued investment in healthcare infrastructure and the presence of world-class research facilities have fueled an impressive surge in clinical trials. The Ministry of National Guard-Health Affairs (MNG-HA), which oversees some of the country’s most advanced hospitals and research centers, is leading the charge in facilitating clinical research. MNG-HA hospitals are equipped with extensive patient databases, providing an invaluable resource for clinical trial recruitment. The country’s ongoing national initiative to consolidate patient databases and streamline access to these resources is positioning Saudi Arabia as an attractive destination for clinical trials. In particular, KAIMRC’s stem cell registry and biobank are noteworthy, offering a comprehensive repository of biological samples that could prove to be a goldmine for pharmaceutical companies interested in conducting trials with diverse and high-quality participant pools.

    Despite the country’s rapid progress in clinical trials, there are still challenges to overcome, particularly in terms of commercialization and patenting. While academic research and clinical studies are thriving, the translation of these efforts into patents and commercialized products remains limited. Saudi Arabia has made strides in strengthening intellectual property laws and fostering innovation, but the process of patenting and bringing research to market has been slower than anticipated. However, efforts are underway to address this gap, with the government prioritizing initiatives that support the commercialization of research and the growth of the biopharmaceutical sector.

    Overall, Saudi Arabia’s clinical trial landscape is full of promise. The country’s strategic investments in healthcare infrastructure, research, and patient databases make it an attractive destination for global pharmaceutical companies. As the regulatory framework continues to evolve and the nation’s commitment to clinical research grows, Saudi Arabia is on track to become a key player in the global clinical trials market. With a focus on expanding clinical research in areas such as oncology, cardiology, and infectious diseases, the country has the potential to significantly contribute to global healthcare advancements in the coming years.

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Net Asset Value(s) as at 31 January 2025

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA / VTAS)
    January 2025 monthly report

    NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

    Guernsey, February 20th, 2025

    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for January 2025. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

    Performance and Portfolio Activity

    Dear Investors,

    Volta Finance started 2025 on a positive note as net performance reached +1.7% in January while Financial Half Year net performance for Volta settled at 11.4%. Both our investments in CLO Debt and CLO Equity performed positively over the course of the month, benefiting from positive market conditions for risky assets.

    In broader economic news, the Federal Reserve decided to keep interest rates unchanged for the first time since it started cutting rates last September. This has led markets to expect that the easing cycle might resume in 2026. In Europe, the eurozone economy showed no growth despite anticipations of a +0.1pp expansion, and Christine Lagarde announced a 25 basis points cut in key European Central Bank interest rates. Although largely backed by the data divergence with the US, it is interesting to note the striking difference in terms of monetary path between the US and the European Union as we anticipate further cuts in Europe.

    Credit markets tightened significantly this month, although we noted heightened volatility in line with broader macro headlines around mid-month. In Europe, High Yield indices were roughly 20bps tighter while US CDX High-Yield tightened by 11bps. On the Loan side, Euro Loans prices increased by about 40cts up to 98.41% (Morningstar European Leveraged Loan Index), while US Loans rose by 28cts to 97.61%.

    The primary CLO markets started strong this year, especially in Europe with New Issue volumes up 120% vs. Jan 24 (down 21% in the US vs. Jan 24). In terms of performance, CLO markets performed in line with US High Yield at +1.4% over the month and better than Global Loans +0.9%. In line with all major rating agencies that expect Loan default rates to go down in 2025 we remain constructive on the CLO asset class and the performance of the underlying loan portfolios this year.

    CLO Equity distributions remained healthy in January, although as expressed earlier, the spread compression in the Loan market has slightly lowered these distributions. Over the last 6 month period, the cashflow generation was c. €27m equivalent of interests and coupons, representing c.19% of January’s NAV on an annualized basis, compared to c. €30m equivalent of interest and coupons received 6 months ago. Refinancing or Resetting CLO liabilities will continue to be a key focus for us in 2025.

    Regarding our portfolio activities, we took profits on a US Mezzanine position as the market was risk-on (c. USD 7mm nominal) while another USD 3mm of US CLO mezzanine debt redeemed at face value.

    Over the month, Volta’s CLO Equity tranches returned a 3% performance** while CLO Debt tranches returned +1.6% performance**, cash representing c.9.0% of NAV. The fund being c.21% exposed to USD, the recent currency moves had a negative impact of -0.1% on the overall performance.

    As of end of January 2025, Volta’s NAV was €279.0m, i.e. €7.63 per share.

    *It should be noted that approximately 0.16% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.05% as at 31 December 2024, 0.11% as at 30 September 2024.

    ** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

    CONTACTS

    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30

    Company Secretary and Administrator
    BNP Paribas S.A, Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,700 professionals and €844 billion in assets under management as of the end of December 2023.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    Attachment

    • Volta Monthly Report Jan 2025

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Coface : 2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Source: GlobeNewswire (MIL-OSI)

    2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Paris, 20 February 2025 – 17.35

    • Turnover: €1,845m, down -0.6% at constant FX and perimeter and down -1.3% on a reported basis
      • Trade credit insurance revenue decreased by -2.2% at constant exchange rates, with slightly positive customer activity in Q4-24
      • Client retention is still high at 92.3% but down slightly from 2023 records; pricing remained negative at -1.4%, in line with historical trends
      • Business information once again recorded double-digit growth (+16.3% at constant FX); factoring stabilised at +0.3% with solid growth in Q4-24
    • Net loss ratio at 35.2%, improved by 2.5 ppts; net combined ratio at 65.5%, up 1.2 ppt
      • Gross loss ratio at 33.4%, improved by 2.4 ppts with still high opening year reserving and high reserve releases
      • Net cost ratio increased by 3.6 ppts to 30.2%, reflecting slightly lower revenues and continued investment, in line with our strategy
      • Net combined ratio in Q4-24 at 68.7%, up 9.7 ppts due to a higher net cost ratio and a very low combined ratio in Q4-23 (59.0%)
    • Net income (group share) of €261.1m, up +8.6%, of which €53.4m in Q4-24, the highest annual figure since the adoption of IFRS 17. Annualised RoATE1at 13.9%
    • Coface continues to be backed by a solid balance sheet:
      • Estimated solvency ratio at ~196%2, above the upper end of target range (155% to 175%)
      • Proposal to distribute3 a dividend per share of €1.40 representing an 80% pay-out ratio
      • Earnings per share reached €1.75
    • Coface signed the acquisition of Cedar Rose, strengthening its capabilities in information services in the Middle East and Africa
    • Gonzague Noël has been appointed as Group Chief Operating Officer (COO)

    Unless otherwise indicated, change comparisons refer to the results as at 31 December 2023

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “2024 was marked by the launch of our Power the Core strategic plan which is deliberately focused on innovation.
    In an environment characterised by weak economic growth, a decrease of our clients’ activity and an increase in the number of bankruptcies, the discipline of our underwriting enabled us to contain the increase in the combined ratio, which rose moderately to 65.5%. Finally, we benefited from the repositioning of our investment portfolio to achieve a return on average tangible equity of 13.9%, above our mid-cycle targets. The net income of €261m marked the highest level since the transition to IFRS 17.
    All these achievements would not have been possible without the engagement of our employees.
    These good results and solid solvency ratio of 196% allow us to propose the payment of a dividend of €1.40 per share to the Shareholders’ meeting.”

    Key figures at 31 December 2024

    The Board of Directors of COFACE SA approved the consolidated financial statements at 31 December 2024 at its meeting of 20 February 2025. The Audit Committee at its meeting on 18 February 2025 also previously reviewed them. Accounts are non-audited, certification is in progress.

    Income statements items in €m 2023 2024 Variation % ex. FX*
    Insurance revenue 1,559.1 1,512.9 (3.0)% (2.2)%
    Services revenue 309.2 331.9 +7.4% +7.4%
    REVENUE 1,868.2 1,844.8 (1.3)% (0.6)%
    UNDERWRITING INCOME/LOSS AFTER REINSURANCE 395.4 368.7 (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs 12.4 91.7 638.0% 595.7%
    Insurance Finance Expenses (40.0) (42.5) 6.4% 12.9%
    CURRENT OPERATING INCOME 367.9 417.9 +13.6% +12.8%
    Other operating income / expenses (5.0) (8.6) 74.5% 74.2%
    OPERATING INCOME 362.9 409.2 +12.8% +12.0%
    NET INCOME (GROUP SHARE) 240.5 261.1 +8.6% +6.3%
             
    Key ratios 2023 2024 Variation
    Loss ratio net of reinsurance 37.7% 35.2% (2.5)% ppts
    Cost ratio net of reinsurance 26.6% 30.2% 3.6% ppts
    COMBINED RATIO NET OF REINSURANCE 64.3% 65.5% 1.2% ppt
             
    Balance sheet items in €m 2023 2024 Variation
    Total equity (group share) 2,050.8 2,193.6 +7.0%
    Solvency ratio 199% 196%1         -3 ppt

    * Also excludes scope impact

    1This estimated solvency ratio constitutes a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.

    1.   Turnover

    In 2024, Coface recorded a consolidated turnover of €1,844.8 million, down by -0.6% at constant FX and perimeter compared to 2023. As reported (at current FX and perimeter), turnover was down -1.3%.

    Revenue from insurance activities (including bonding and Single Risk) fell -2.2% at constant FX and perimeter, although the year ended on a slightly more positive note (Q4-24 revenue from insurance activities rose +3.7% and total revenue increased +4.3%). Client retention remains high at 92.3% (but down from the record level in 2023), in a competitive market where Coface implemented risk mitigation plans that impacted renewals at the beginning of the year. New business rose to €126m, up €9m compared to 2023 driven by an increase in demand and the positive effects of investments for growth, mainly in the mid-market segment.

    Client activity grew modestly at 0.5%, below the historical average with an improvement in Q4-24 (+0.4%). Over the year, the decline in activity in the metals sector, with lower prices, partially offset the positive trend in the agri-food sector. The price effect remained negative at -1.4% in 2024 (vs. -1.9% in 2023), in line with long-term trends.

    Turnover from non-insurance activities was up +8.2% compared to 2023. Factoring turnover stabilised at +0.3% with a positive Q4-24 that reversed the full-year trend. Information services turnover rose +16.3%. Fee and commission income (debt collection commissions) increased by +19.6%, from a low base, due to the increase in claims to be collected and investments made in third-party debt collection. Commissions were up +6.6%.

    Total revenue – in €m
    (by country of invoicing)    		 2023 2024 Variation % ex. FX4
    Northern Europe 379.6 362.2 (4.6)% (4.6)%
    Western Europe 380.1 391.8 +3.1% +0.4%
    Central & Eastern Europe 177.1 173.8 (1.9)% (3.2)%
    Mediterranean & Africa 526.3 538.5 +2.3% +5.6%
    North America 171.8 176.6 +2.7% (6.4)%
    Latin America 100.3 77.7 (22.5)% +4.0%
    Asia-Pacific 133.1 124.3 (6.6)% (7.1)%
    Total Group 1,868.2 1,844.8 (1.3)% (0.6)%

    In Northern Europe, turnover was down by -4.6% at constant and current FX, due to the selective non-renewal of some loss-making policies at the beginning of the year, despite the stabilisation of client activity in Q4-24.

    In Western Europe, turnover increased by +0.4% at constant FX (+3.1% at current FX and perimeter following the integration of certain African countries in the first half of the year) thanks to a sharp increase in information services sales (+30.3%) combined with a better Q4-24 in credit insurance under the effect of significant business catch-up.

    In Central and Eastern Europe, turnover fell -3.2% at constant FX (-1.9% at current FX) due to the decline in client activity, which weighed on credit insurance, despite a high client retention rate. Factoring was down -1.0% at constant exchange rates.

    In the Mediterranean and Africa region, which is driven by Italy and Spain, turnover rose +5.6% at constant FX and +2.3% at current FX driven by robust sales in credit insurance and services and a stronger economic environment.

    In North America, turnover was down -6.4% at constant FX but increased by +2.7% at current FX due to the integration of Mexico in this scope. The region saw a slowdown in client activity despite higher retention and a fairly strong economic environment.

    In Latin America, turnover rose +4.0% at constant FX but fell -22.5% at current FX. The region is benefiting from a recovery in client activity after 2023 was dominated by risk prevention actions. However, the transfer of Mexico to the North America region had a negative impact.

    In Asia-Pacific, turnover decreased by -7.1% at constant FX and -6.6% at current FX. This lower turnover was due to a slowdown in client activity that robust sales were unable to offset and selective non-renewal of certain policies.

    2.   Result

    • Combined ratio

    The annual combined ratio net of reinsurance was 65.5% in 2024, up 1.2 ppt year on year.

    (i)  Loss ratio

    The gross loss ratio stood at 33.4%, a 2.4 ppts improvement on the previous year. This improvement reflects both the gradual normalisation of the loss experience, offset by rising reserve releases. The amount of claims recorded is now higher than in 2019. The total number of claims decreased, offset by an increase in the number of mid-sized claims.

    The Group’s provisioning policy remained unchanged. The amount of provisions related to the underwriting year, although discounted, reflects the increase in the claims frequency. Strict management of past claims enabled the Group to record 51.9 ppts of recoveries.

    The net loss ratio improved to 35.2%, down 2.5 ppts compared to 2023.

    (ii)  Cost ratio

    Coface is pursuing a strict cost management policy and is continuing to invest, in line with its Power the Core strategic plan. As a result, over the full year 2024, costs rose by +5.5% at constant FX and perimeter, and by +5.3% at current FX.

    The cost ratio before reinsurance was 33.7%, up 2.2 ppts year on year. This rise was mainly due to the decline in revenues (1.0 ppt), embedded cost inflation (1.5 ppt) and ongoing investments (1.5 ppt). In contrast, the improved product mix (information services, debt collection and fee and commission income) had a positive effect. High reinsurance commissions explain the remainder of the variation.

    • Financial result

    Net financial income for 2024 was €91.7m, up sharply compared to 2023. This figure includes capital gains of +€11.4m, which more than offset negative market value adjustments on investments of -€2.9m. The FX effect remained slightly negative at -€2.7m but improved significantly compared to 2023, which was marked by the accounting effect of IAS 29 (hyperinflation) in Turkey and Argentina as well as the sharp devaluation of the Argentine peso.

    The portfolio’s current yield (i.e. excluding capital gains, depreciation and FX impact) was €96.6m, of which €25.7m in Q4-24. The accounting yield5, excluding capital gains and fair value effect, was 2.9% for 2024. The yield on new investments made year-to-date was 4.1% and fell in Q4-24 in line with the trend in market rates.

    Insurance Finance Expenses (IFE) stood at €42.5m (€40.0m in 2023).

    • Operating income and net income

    Operating income amounted to €409.2m in 2024, up +12.0% at constant FX.

    The effective tax rate was 29% for the year (vs. 27% in 2023), including the impact of Pillar 2 (global minimum tax).

    In total, net income (group share) was €261.1m, up +8.6% compared to 2023.

    3.   Shareholders’ equity

    At 31 December 2024, Group shareholders’ equity stood at €2,193.6m, up €142.8m or +7.0% (€2,050.8m at 31 December 2023).

    These changes are mainly due to the positive net income of €261.1m and the dividend payment of -€194.3m. Other items include changes in unrealised capital gains for €72.0m.

    The annualised return on average tangible equity (RoATE) was 13.9%, up 0.5 ppt mainly due to the improvement in financial income, which more than offset the decrease in underwriting income (decline in net premiums and slight increase in the combined ratio).

    The solvency ratio reached 196%6, representing a decrease of 3 ppts compared to FY-23. It remains well above the upper end of the target range (155%-175%).

    Coface will propose €1.40 dividend per share at the Shareholders’ meeting, corresponding to a payout ratio of 80%7, in line with its capital management policy.

    4.   Outlook

    Once again, the global economy experienced modest growth in 2024 (2.7%), in line with Coface’s forecasts and still driven being by the United States. The electoral calendar, which involved an unprecedented number of countries, delivered generally unsurprising outcomes, with some exceptions.

    For 2025, Coface is forecasting growth identical to that of 2024 at 2.7%. Further downgrades to European growth are likely to be offset by the good performance of the United States, while political risk remains. Donald Trump’s return to power seems to have been welcomed by economic circles so far, raising hopes of deregulation, which is stimulating in the short term but often carries longer-term risks. The announced introduction of tariffs for many countries is also a destabilising factor for global trade.

    Against this backdrop, Coface is anticipating a continued rise in bankruptcies, as businesses are caught between depleted levels of cheap financing and sluggish growth. Coface and its teams will continue to support their clients in this still uncertain environment.

    At the end of 2024, client activity finally posted a slightly positive performance after several quarters of decline. This slight rebound may give hope that the post-Covid decline in client activity has come to an end. In 2025, Coface will continue to implement its Power the Core strategic plan, which aims to develop a leading global ecosystem in credit risk management.

    5.   Governance evolution

    In the Executive Committee:

    • As of February 1st, 2025, Carole Lytton leads the Specialties Businesses, in addition to her role as General Secretary. She takes over from Antonio Marchitelli who decided to leave and take another appointment outside Coface after many years of dedication to the Group.
    • As of February 3rd, Gonzague Noël has been appointed as Group Chief Operating Officer (COO). He takes over Declan Daly, joins the Group executive committee and reports to Xavier Durand, Coface CEO.

    Conference call for financial analysts

    Coface’s results for FY-2024 will be discussed with financial analysts during the conference call on Thursday, 20 February 2025 at 18.00 (Paris time). Dial one of the following numbers:

    The presentation will be available (in English only) at the following address:
    http://www.coface.com/Investors/financial-results-and-reports

    Income statements items in €m
    Quarterly figures    		 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24   % %
    ex. FX*
    Insurance revenue 395.3 407.8 384.7 371.3 378.6 375.6 375.9 382.7   +3.1% +3.7%
    Other revenue 79.8 76.8 73.4 79.2 85.0 83.4 78.0 85.5   +8.0% +7.6%
    REVENUE 475.1 484.5 458.1 450.4 463.7 459.1 453.8 468.3   +4.0% +4.3%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE    		 95.3 103.5 91.2 105.4 100.3 94.7 88.8 84.9   (19.5)% (17.9)%
    Investment income, net of management expenses, excluding finance costs (2.6) 4.0 13.0 (2.0) 17.9 22.8 19.0 31.9   (1667)% (1568)%
    Insurance Finance Expenses (2.4) (12.3) (15.4) (9.9) (11.4) (6.7) (7.3) (17.1)   +73.3% +77.9%
    CURRENT OPERATING INCOME 90.4 95.2 88.9 93.5 106.8 110.9 100.5 99.7   +6.7% +7.9%
    Other operating income / expenses (0.3) (0.4) (0.2) (4.0) (0.1) (0.5) (2.6) (5.5)   +38.3% +36.4%
    OPERATING INCOME 90.0 94.8 88.6 89.5 106.8 110.4 97.9 94.2   +5.2% +6.6%
    NET INCOME (GROUP SHARE) 61.2 67.7 60.9 50.8 68.4 73.8 65.4 53.4   +5.1% +4.9%
    Income tax rate 25.5% 21.9% 24.2% 36.0% 27.2% 26.8% 25.5% 36.2%   +0.2 ppt

    Appendices

    Quarterly results

    Cumulated results*

    Income statements items in €m
    Cumulated figures    		 Q1-23 H1-23 9M-23 2023 Q1-24 H1-24 9M-24 2024   % %
    ex. FX*
    Insurance revenue 395.3 803.1 1,187.8 1,559.1 378.6 754.3 1,130.2 1,512.9   (3.0)% (2.2)%
    Other revenue 79.8 156.6 230.0 309.2 85.0 168.5 246.4 331.9   +7.4% +7.4%
    REVENUE 475.1 959.7 1,417.8 1,868.2 463.7 922.7 1,376.6 1,844.8   (1.3)% (0.6)%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE    		 95.3 198.8 290.0 395.4 100.3 195.0 283.8 368.7   (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs (2.6) 1.4 14.5 12.4 17.9 40.8 59.8 91.7   +638.0% +595.7%
    Insurance Finance Expenses (2.4) (14.7) (30.1) (40.0) (11.4) (18.1) (25.4) (42.5)   +6.4% +12.9%
    CURRENT OPERATING INCOME 90.4 185.5 274.4 367.9 106.8 217.7 318.2 417.9   +13.6% +12.8%
    Other operating income / expenses (0.3) (0.7) (0.9) (5.0) (0.1) (0.5) (3.1) (8.6)   +74.5% +74.2%
    OPERATING INCOME 90.0 184.8 273.4 362.9 106.8 217.2 315.1 409.2   +12.8% +12.0%
    NET INCOME (GROUP SHARE) 61.2 128.8 189.7 240.5 68.4 142.3 207.7 261.1   +8.6% +6.3%
    Income tax rate 25.5% 23.7% 23.8% 26.8% 27.2% 27.0% 26.5% 28.7%   +1.9 ppt  

    * Also excludes scope impact

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    1RoATE = Return on average tangible equity
    2This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    3The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.
    4 Also excludes scope impact
    5 Book yield calculated on the average of the investment portfolio excluding non-consolidated subsidiaries.
    6 This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    7 The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.

    Attachment

    • 2025 02 20 PR results FY-2024 COFACE

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Coface appoints Gonzague Noël as Group Chief Operating Officer

    Source: GlobeNewswire (MIL-OSI)

    Coface appoints Gonzague Noël as Group Chief Operating Officer

    Paris, 20 February 2024 – 17.35

    Coface announces the appointment of Gonzague Noël as Group Chief Operating Officer. This change is effective as of 3 February 2025. Based in Paris, Gonzague reports to Xavier Durand, Chief Executive Officer of Coface. He replaces Declan Daly, who is pursuing his career outside the Group.

    Previously, Gonzague was Head of Global Business Administration & Strategic Initiatives at HSBC CIB, where he was responsible for optimizing resources and improving efficiency.

    He began his career at GE Healthcare in 2001 before holding various management positions within GE Corporate and GE Capital, overseeing strategic projects, M&A operations and operational transformations in Europe, Asia and America.

    With more than 20 years of international experience, Gonzague brings to Coface solid strategic and operational expertise in the management of large-scale transformation projects.
    Gonzague holds a Master of science (MSc) from Emlyon Business School.

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    With over 75 years of experience and the most extensive international network, Coface is a leader in Trade Credit Insurance & risk management, and a recognized provider of Factoring, Debt Collection, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~100,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group’ solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    • 2025 02 20 PR Appointment of Gonzague Noel

    The MIL Network –

    February 21, 2025

  • MIL-OSI: COFACE SA: Yves Charbonneau joins the Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Yves Charbonneau joins the Board of Directors

    Paris, 20 February 2025 – 17.35

    At its meeting on February 20, 2025, the Board of Directors of COFACE SA co-opted Yves Charbonneau, Senior Vice-President at Arch Insurance Company Ltd (Canada), as a non-independent director at the Board of Directors of COFACE SA.

    He replaces Nicolas Papadopoulo, who is stepping down from the Board of directors to concentrate on his current professional responsibilities at Arch.

    The composition of Coface’s Board of Directors remains otherwise unchanged. It counts 10 members, 6 women and 4 men, the majority (6) of whom are independent directors.

    ————————

    Biography

    Yves Charbonneau was appointed Senior Vice-President at Arch Insurance Company Ltd (Canada) in January 2024. He was previously a Senior Advisor within the same group in the United States.

    He joined Arch in February 2006 and spent almost 12 years as Chief Actuary and Chief Risk Officer.

    Yves Charbonneau holds a bachelor’s degree in mathematics (statistics) from the Montreal University. He is also a FCIA (Fellowship from the Canadian Institute of Actuaries) & FCAS (Fellowship from the Casualty Actuarial Society) fellow.

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    With over 75 years of experience and the most extensive international network, Coface is a leader in Trade Credit Insurance & risk management, and a recognized provider of Factoring, Debt Collection, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~100,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group’ solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    • 2025 02 20 PR Co-optation of a new director

    The MIL Network –

    February 21, 2025

  • MIL-OSI USA: America Is Back — and President Trump Is Just Getting Started

    US Senate News:

    Source: The White House
    President Donald J. Trump took office just one month ago, but has already accomplished more than most presidents do in their entire term as he makes good on his promise to usher in the New Golden Age of America.
    Here is a non-comprehensive list of President Trump’s wins after just one month:
    SECURING OUR HOMELAND:
    President Trump declared a national emergency at the border and deployed the military, including the 10th Mountain Division, to secure our nation.
    Illegal border crossings have hit lows not seen in decades as U.S. Border Patrol is re-empowered to once again enforce the law.
    ABC News: “From Jan. 21 through Jan. 31, the number of U.S. Border Patrol apprehensions along the southwest border dropped 85% from the same period in 2024, according to data obtained by ABC News. In the 11 days after Jan. 20, migrants apprehended at ports of entry declined by 93%.”

    Illegal aliens have started turning around in droves amid the crackdown.
    The Department of Homeland Security announced that arrests of criminal illegal immigrants have doubled under President Trump.
    President Trump signed the Laken Riley Act into law, which requires illegal immigrants arrested or charged with theft or violence to be detained — honoring the legacy of Laken Riley, a Georgia college student brutally murdered by an illegal alien released into the country.
    President Trump ended “catch-and-release,” reversing the dangerous Biden-era policy that released dangerous illegal aliens back into our communities.
    President Trump shut down the “CBP One” app, which “paroled” more than one million illegal immigrants into the country.
    A migrant shelter in San Diego announced it will shut down after it has received no new arrivals since President Trump took office.

    President Trump terminated all taxpayer-funded public benefits for illegal aliens.
    President Trump ramped up deportation flights of criminal illegal aliens.
    After President Trump announced “urgent and decisive retaliatory measures” against Colombia over its refusal to accept deportation flights from the U.S., the country’s president quickly backtracked — even offering the use of his personal plane for the deportations.
    El Salvadorian President Nayib Bukele offered to accept deportees of any nationality, including violent American criminals currently imprisoned in the U.S.

    President Trump began transferring criminal illegal aliens to Guantanamo Bay ahead of their repatriation back to their own countries.
    President Trump re-established the successful “Remain in Mexico” policy.
    President Trump restarted construction of the border wall.
    The Trump Administration officially declared Tren de Aragua, MS-13, the Sinaloa Cartel, the Jalisco New Generation Cartel, the United Cartels, the Gulf Cartel, the Northeast Cartel, and the Michoacán Family as Foreign Terrorist Organizations.
    New York City Mayor Eric Adams (D) agreed to allow federal immigration officials to operate on Rikers Island and deport illegal alien criminals following his meeting with Border Czar Tom Homan.
    Mexico announced a deployment of 10,000 troops to the border to combat illegal immigration and fentanyl trafficking, while Canada announced a flurry of measures to combat fentanyl manufacturing and trafficking following President Trump’s imposition of tariffs on the two countries.
    President Trump implemented an additional 10% tariff on imports from China in order to stem the flow of illegal aliens and fentanyl.
    President Trump ordered an end to birthright citizenship.
    President Trump suspended the U.S. Refugee Admissions Program.
    The Department of Justice filed suit against the State of New York and some of its elected officials over their willful failure to follow federal immigration law and announced that it will take action against so-called “sanctuary cities” for their obstruction of U.S. law.
    The Department of Homeland Security “clawed back” tens of millions of dollars in funds paid by rogue FEMA officials to house illegal aliens in luxury New York City hotels.
    President Trump reinstated the death penalty for federal capital crimes.
    PROTECTING AMERICAN WORKERS AND FOSTERING ECONOMIC GROWTH:
    President Trump restored a 25% tariff on steel imports and elevated the tariff to 25% on aluminum imports to protect these critical American industries from unfair foreign competition — a move praised by the Steel Manufacturers Association, the Aluminum Association, and businesses across the country.
    Robert Simon, CEO of JSW Steel USA, praised President Trump’s steel and aluminum tariffs, celebrating them “as a project that will flood the U.S. with jobs as trading partners move their industries to U.S. soil to avoid tariffs.”

    Makoto Uchida, the CEO of global automaker Nissan, said President Trump’s tariffs could push the car manufacturer to move its production from Mexico to the U.S.
    President Trump unveiled a plan for fair and reciprocal trade, making clear to the world that the United States will no longer tolerate being ripped off.
    President Trump secured hundreds of billions of dollars in new investments.
    President Trump announced the largest artificial intelligence infrastructure project in history, securing $500 billion in planned private sector investment — with major CEOs agreeing it would not have been possible without President Trump’s leadership.
    Saudi Arabia declared its intention to invest $600 billion in the United States over the next four years.
    President Trump secured a $20 billion investment by DAMAC Properties to build new U.S.-based data centers.
    Taiwan pledged to boost its investment in the United States.
    Electronics giants Samsung and LG “are considering moving their plants in Mexico to the U.S.” now that President Trump is back in office.

    In February, forecasters from the Federal Reserve Bank of Philadelphia revised their economic growth projections for the first quarter of 2025 up from 1.9% to 2.5%, and their unemployment rate projections for the quarter down from 4.2% to 4.1%.
    After a meeting with President Trump, Stellantis announced it will reopen its assembly plant in Belvidere, Illinois — putting 1,500 employees back to work — and build its next-generation Dodge Durango in Detroit, Michigan. The company also announced new investments in their Toledo, Ohio, and Kokomo, Indiana, facilities.
    President Trump laid out a visionary plan to establish a Sovereign Wealth Fund to maximize the stewardship of the $5+ trillion in assets held by the United States.
    Following President Trump’s victory, the S&P 500 set a new record as the stock market surged to record highs — while major Wall Street firms like JP Morgan Chase posted their highest ever annual profits.
    LOWERING THE COST OF LIVING:
    President Trump directed the heads of all executive departments and agencies to “deliver emergency price relief … to the American people and increase the prosperity of the American worker.”
    President Trump established the National Energy Dominance Council to maximize use of the U.S.’ extensive energy resources, thereby enabling lower energy prices.
    Crude oil prices have fallen over 5% since President Trump took office.
    The Department of Energy postponed burdensome Biden-era efficiency standard rules for the following appliances, saving American consumers large sums:
    Central air conditioners: Biden rules were slated to make air conditioners $1,100 more expensive, according to Alliance for Consumers.
    Gas water heaters: Biden rules were slated to make water heaters $2,800 more expensive.
    Clothes washers and dryers: Biden rules were slated to make washers $200 more expensive.
    Light bulbs: Biden rules were slated to make light bulbs $140 more expensive.
    Walk-in coolers and freezers, commercial refrigeration equipment, and air compressors.

    The total cost of federal regulations in 2023 was a record-breaking $2.1 trillion, or $15,788 per U.S. household, according to the Competitive Enterprise Institute. By requiring agencies to identify at least ten existing rules, regulations, or guidance documents to be repealed for every one rule they promulgate, President Trump has put the U.S. on track to severely reduce regulatory costs for everyday Americans.
    The National Associations of Manufacturers found the cost of federal regulations was even greater — at $3.079 trillion in 2022.

    Secretary Sean Duffy’s very first action at the Department of Transportation was to initiate rulemaking resetting Corporate Average Fuel Economy (CAFE) standards — effectively eliminating the Biden-era electric vehicle mandate.
    NBER economist Mark R. Jacobsen “estimates that a one-mpg increase in CAFE standards costs consumers of all income levels approximately 0.5% of their income in the first year of the increase. By the 10th year following the increase, however, this cost becomes regressive, as the increase drives up the price of used cars. A one-mpg increase in CAFE standards costs consumers earning less than $25,000 per year 1.12% of their income, but only costs consumers earning more than $75,000 per year 0.41% of their income.”

    RE-ESTABLISHING AMERICAN STRENGTH:
    President Trump secured the release of six American hostages in Venezuela, two Americans in Afghanistan, an American-Israeli citizen in Hamas captivity, a Pennsylvania teacher in Russian captivity, and an American citizen in Belarus — bringing the total number of American hostages released under President Trump to 11.
    President Trump spoke with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy in pursuit of finally securing peace as negotiations get underway.
    President Trump restored maximum pressure on Iran, “sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China.”
    President Trump redesignated the Iran-backed Houthis as a Foreign Terrorist Organization.
    President Trump hosted Israeli Prime Minister Benjamin Netanyahu for a visit where he proposed a bold vision for securing lasting peace in Gaza.
    Former U.S. Ambassador to Israel David Friedman described the proposal as “brilliant, historic and the only idea I have heard in 50 years that has a chance of bringing security, peace and prosperity to this troubled region.”

    President Trump hosted Japanese Prime Minister Shigeru Ishiba, who announced his intention to “elevate Japan’s investment in the United States to an unprecedented amount of $1 trillion,” import “historic” quantities of LNG from Alaska, and open new auto plants in the U.S.
    President Trump hosted Jordan’s King Abdullah II, who announced that the Kingdom will accept 2,000 sick children from Gaza “as quickly as possible.”
    President Trump hosted Indian Prime Minister Narendra Modi for a visit where they announced new deals between the two countries on immigration, trade, energy, and artificial intelligence.
    President Trump banned funding to UNRWA — a United Nations agency that employed hundreds of Hamas and jihad operatives.
    President Trump imposed sanctions on the International Criminal Court, which has illegitimately asserted jurisdiction over internal U.S. matters and baselessly targeted Israeli Prime Minister Benjamin Netanyahu.
    President Trump reinstated the Mexico City Policy to ensure no taxpayer dollars support foreign organizations that perform, or actively promote, abortion in other nations.
    The Department of State ordered embassies worldwide to only fly the American flag — not activist flags.
    President Trump declared all foreign policy must be conducted under the President’s direction, ensuring career diplomats reflect the foreign policy of the United States at all times.
    The Department of State declared that U.S. foreign policy will be America First going forward.
    Following a visit from Secretary of State Marco Rubio, Panamanian President José Raúl Mulino agreed to withdraw from China’s Belt and Road Initiative, a debt-trap diplomacy scheme the Chinese Communist Party uses to gain influence over developing nations.
    The U.S. rejoined the Geneva Consensus Declaration, which promotes and strengthens opportunities for women and girls around the world, and protects the family as the fundamental unit of society.
    President Trump cracked down on anti-Semitism by canceling visas for foreign students who are Hamas sympathizers.
    President Trump ordered the immediate dismissal of the Board of Visitors for the Army, Air Force, Navy, and Coast Guard following years of woke ideologies infiltrating U.S. service academies.
    The U.S. Army barred transgender people from enlisting and stopped using taxpayer funds for sex change surgeries.
    President Trump reinstated, with backpay, U.S. service members who were discharged under the military’s nonsensical COVID-19 vaccine mandate.
    Secretary of Defense Pete Hegseth restored Fort Liberty, North Carolina, to “Fort Bragg,” in honor of a World War II hero.
    President Trump withdrew the U.S. from the World Health Organization.
    President Trump paused enforcement of the overregulation of American businesses abroad, which negatively impacted national security.
    President Trump proclaimed “Gulf of America Day” after the Department of the Interior officially established it on its mapping databases.
    President Trump initiated a process to build a next-generation missile defense shield over the United States.
    UNLEASHING AMERICAN ENERGY:
    President Trump declared a National Energy Emergency to unlock America’s full energy potential and bring down costs for American families.
    President Trump rescinded every one of the Biden Administration’s job-killing, pro-China, anti-American energy regulations.
    President Trump empowered Americans with choice in vehicles, showerheads, toilets, washing machines, light bulbs, and dishwashers, and killed Biden-era regulations that restricted water flow and mandated inadequate light bulb standards.
    President Trump terminated the job-killing Green New Scam.
    President Trump withdrew from the disastrous Paris Climate Agreement, which unfairly ripped off our country.
    President Trump paused federal permitting for massive wind farms, which degrade our natural landscapes and fail to serve American consumers.
    President Trump reversed bureaucratic regulations that impeded Alaska’s ability to develop its vast natural resources.
    President Trump re-opened 625 million acres for offshore drilling, which Biden banned in his waning days, in order to “drill, baby, drill.”
    President Trump scrapped an Obama-era rule on greenhouse gases.
    President Trump ended the Liquefied Natural Gas pause and approved the first LNG project since the Biden Administration banned them last year.
    BRINGING BACK COMMON SENSE:
    Health systems across the nation stopped or downsized their sex change programs for minors following President Trump’s “Protecting Children from Chemical and Surgical Mutilation” executive order.
    In Illinois, Chicago’s Lurie Children’s Hospital paused sex-change surgeries for patients under 19 as it “work[s] to understand the rapidly evolving environment.”
    In Colorado, Denver Health announced it would stop performing sex change surgeries on minor children, while UCHealth said it was ending so-called “gender-affirming care” for all minors.
    In Washington, D.C., Children’s National Hospital “paused” prescribing puberty blockers and hormone therapies for minors, while Northwest Washington Hospital did the same.
    In Virginia, VCU Health and Children’s Hospital of Richmond “suspended” providing transgender-related medication and surgeries for minors, while UVA Health also “suspended” transgender-related services for minors.

    President Trump ended the unfair, demeaning practice of forcing women to compete against men in sports — which resulted in the NCAA changing its rules.
    The Department of Education launched investigations into the California Interscholastic Federation and the Minnesota State High School League over their failures to comply.

    President Trump made it the official policy of the U.S. government that there are only two sexes.
    President Trump banned COVID-19 vaccine mandates at schools that receive federal funding.
    President Trump rolled back the Biden-era push to mandate paper straws.
    President Trump instructed the Secretary of the Treasury to stop production of the penny, which cost 3.69 cents each to make.
    President Trump directed full enforcement of the Hyde Amendment, which bars taxpayer dollars from being used to fund or promote elective abortion.
    The Department of Transportation terminated the approval for New York City’s burdensome “congestion pricing” scheme.
    RESTORING ACCOUNTABILITY AND TRANSPARENCY IN GOVERNMENT
    President Trump established the Department of Government Efficiency (DOGE) to maximize government productivity and ensure the best use of taxpayer funds — which has already achieved billions of dollars in savings for taxpayers.
    President Trump commenced his plan to downsize the federal bureaucracy and eliminate waste, bloat, and insularity.
    President Trump ordered federal workers to return to the office five days a week.
    President Trump ordered federal agencies hire no more than one employee for every four employees who leave.
    President Trump ended the wasteful Federal Executive Institute, which had become a training ground for bureaucrats.
    President Trump ordered the termination of all federal Fake News media contracts.

    President Trump ordered the Consumer Financial Protection Bureau — the brainchild of Elizabeth Warren, which funneled cash to left-wing advocacy groups — to halt operations.
    President Trump ordered an end to anti-Christian bias in the Federal Government.
    President Trump ordered an examination of all regulations to assess any infringements on Americans’ Second Amendment rights.
    The Environmental Protection Agency canceled tens of millions of dollars in contracts to left-wing advocacy groups, announced an investigation into a scheme by Biden EPA staffers to shield billions of dollars from oversight and accountability, and put 168 “environmental justice” employees on leave.
    President Trump stopped the waste, fraud, and abuse within USAID — ensuring taxpayers are no longer on the hook for funding the pet projects of entrenched bureaucrats, such as sex changes in Guatemala.
    President Trump ordered an end to the weaponization of the Federal Government against American citizens.
    The Department of Justice immediately began rooting out politically motivated lawfare that occurred in the Biden Administration.

    President Trump reversed the massive over-expansion of the IRS that took place during the Biden Administration.
    President Trump eliminated discriminatory DEI offices, employees, and practices across the bureaucracy alongside a return to merit-based hiring — including at the Federal Aviation Administration, where the Biden Administration specifically recruited individuals with intellectual disabilities and psychiatric issues.
    As a result, taxpayer-funded PBS closed its DEI office, Disney dropped two of its DEI programs, Goldman Sachs ended its DEI policy, and Institutional Shareholder Services announced it would no longer consider diversity of company boards when making its voting recommendations.
    The Federal Communications Commission opened an investigation into discriminatory DEI policies at Comcast, an entity it regulates.

    President Trump ordered an end to all censorship of Americans by the federal government.
    President Trump ordered a review of funding for all non-governmental organizations, so taxpayers are no longer funding those that undermine America’s interests.
    The Department of State issued a “pause” on existing foreign aid grants to ensure accountability and efficiency.

    President Trump lifted last-minute collective bargaining agreements issued by the Biden Administration, which sought to impede reform.
    President Trump overrode bureaucratic red tape that limited water availability in California following the failure of the state’s water system during the devastating wildfires.
    President Trump terminated the Biden-era electric vehicle mandate.
    President Trump suspended the Biden-era EV charging program, which had resulted in just eight charging stations despite $7.5 billion earmarked for the program.

    President Trump shut down the wasteful Biden-era “Climate Corps” program.
    The Federal Communications Commission took action against a Soros-backed radio station that leaked sensitive information about ICE operations.
    President Trump ordered the declassification of documents related to the assassinations of President John F. Kennedy, Jr., Robert F. Kennedy, and Rev. Dr. Martin Luther King, Jr.
    President Trump opened the White House Press Briefing Room to non-legacy media outlets as the White House sets a new standard for transparency in the digital age.
    President Trump reinstated press privileges for roughly 440 journalists who the Biden Administration sought to silence.
    President Trump fired members of The Kennedy Center’s Board of Trustees amid their obsession with perpetuating radical, left-wing ideology at taxpayer expense.
    President Trump revoked the security clearances of the 51 “spies who lied.”
    EMPOWERING THE AMERICAN PEOPLE
    President Trump established the Make America Healthy Again Commission, which redirects the national focus to promoting health rather than simply managing disease.
    President Trump took executive action to expand access to in vitro fertilization (IVF).
    President Trump established the White House Faith Office to protect Americans’ religious liberty.
    President Trump ordered an end to the radical indoctrination of children in K-12 schools that receive federal funding.
    President Trump took executive action to support parents in choosing the best education for their children.
    President Trump established the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
    President Trump granted full and unconditional pardons to 23 pro-life Americans who were unjustly persecuted by the Biden Administration.
    President Trump pardoned two Washington, D.C., police officers who were imprisoned simply for doing their jobs of apprehending criminals.
    President Trump has had his cabinet confirmed by the Senate at a far faster pace than his predecessors, with a majority of his cabinet earning confirmation in his first month.

    MIL OSI USA News –

    February 21, 2025

  • MIL-OSI Security: International Maritime Exercise 2025 Concludes

    Source: United States Naval Central Command

    MANAMA, Bahrain —

    The Middle East region’s largest maritime exercise, International Maritime Exercise (IMX) 2025, concluded during a closing ceremony here, Feb 20.

    IMX 2025 brought together 5,000 personnel from over 30 nations and international organizations committed to preserving the rules-based international order and strengthening regional maritime security cooperation.

    The 12-day exercise took participants through several exercise serials across multiple locations at sea in the Arabian Gulf, Gulf of Oman, Gulf of Aden and the Red Sea, as well as ashore and in the air. Some of the serials included diving, harbor security, mine countermeasures, unmanned systems and artificial intelligence integration, visit, board, search and seizure procedures, and global health management events.

    “It’s inspiring to see so many nations working together. The incredible level of international representation is pivotal to our success of safeguarding regional waterways and enabling the free flow of commerce,” said U.S. Navy Vice Adm. George Wikoff, Commander of U.S. Naval Forces Central Command and U.S. 5th Fleet, in his remarks at the closing ceremony. “IMX 2025 was truly about partnering to strengthen and expand our capabilities.”

    “[The] exercise brought forward many viewpoints [about how] to handle a single situation in various different ways. I am confident that the takeaways of this exercise will serve all the participants in planning and executing various exercises in their respective countries,” said Pakistan Navy Commodore Rashid Mahmood Sheikh, who led the CPX exercise for IMX 2025, in his remarks.

    IMX 2025 ran in conjunction with a U.S. Naval Forces Europe-Africa exercise, Cutlass Express 25, with each exercise’s respective maritime operations centers exercising their information sharing capabilities to improve theater-to-theater coordination, reduce regional seams, and strengthen interoperability.

    The ninth iteration of the series, IMX began in 2012 as the International Mine Countermeasures Exercise, before changing its name to reflect a more expansive mission set.

    The U.S. 5th Fleet area of operations encompasses nearly 2.5 million square miles of water area and includes the Arabian Gulf, Gulf of Oman, Red Sea, parts of the Indian Ocean and three critical choke points at the Strait of Hormuz, Suez Canal and Bab al-Mandeb.

    For imagery, photos and information on IMX, visit the feature page at: https://www.cusnc.navy.mil/IMX/.

    MIL Security OSI –

    February 21, 2025

  • MIL-OSI: Slide Launches Next-Generation BCDR Solution Purpose-Built for MSPs

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) — Slide, the modern, security-first Business Continuity & Disaster Recovery (BCDR) solution purpose-built for Managed Service Providers (MSPs), officially launches today. Backed by industry veterans, Slide is transforming BCDR by addressing critical gaps left by outdated technology, inflexible pricing models, and subpar support.

    Co-founded by Austin McChord, Founder & former CEO of Datto, and Michael Fass, former General Counsel & Chief People Officer at Datto, Slide is setting a new standard in modern backup solutions for MSPs with a focus on security, product innovation, and exceptional support.

    “BCDR for MSPs has been long overdue for reinvention. At Slide, we’ve built a modern solution from scratch—free of legacy constraints—giving MSPs the security, performance, and pricing flexibility they need to grow their business into the future,” said Austin McChord, Co-Founder and Chairman of Slide.

    Slide sets a new standard in BCDR for MSPs by building on four foundational pillars to set it apart from legacy backup providers.

    A Product-First Company – Slide was designed from scratch from a clean-room code base and zero legacy technical debt. Every dollar earned is reinvested into continuous product development and improvement of Slide’s technology platform—one that MSPs can rely on for the next decade and beyond.

    Security-First Architecture – Data security isn’t an afterthought. It is built into Slide’s DNA. In an era of rising cyber threats, Slide is the only BCDR provider that offers native data encryption by default both in transit and at rest with no data storage penalty. Encryption is a critical component in protecting end customers’ data from ransomware, breaches, and insider threats.

    Unmatched Direct-to-Tech Support – Support is at the core of Slide. Direct-to-tech support ensures MSPs have immediate access to engineers via phone, chat, and email. From white-glove onboarding to concierge support, Slide has your back when it matters most.

    Channel-First Business Model – Slide is 100% channel-focused. Exclusively committed to the MSP community and ecosystem, ensuring MSP partners have a solution they can trust—without conflicts of interest. This mindset translates all the way through to a no commitment pricing model to give MSPs maximum flexibility.

    “MSPs deserve a BCDR solution that is snappy, modern, powerful and easy to use along with world class support and flexible pricing. Slide was built for MSPs, and we’re a backup company at our core. We started with the hardest problem to solve—a robust, appliance-based backup solution to back up on-prem workloads. But this is just the beginning, more products are on the way,” said Michael Fass, Co-Founder and CEO of Slide.

    “We’re thrilled to be a Slide launch partner. It has handled our toughest backup and recovery scenarios with ease. The user-friendly interface is fast and intuitive, saving our technicians valuable time. The Slide Z1 is compact yet incredibly powerful, outperforming all our existing backup devices. We’re excited to bring Slide to our customers and elevate our service offerings,” said Brendan Cosgrove, COO, TeamLogic IT.

    The Slide Z1 appliance is engineered for simplicity and reliability, offering:

    • Modern architecture – Built from scratch with a clean-room code base and no legacy technical debt.
    • Extreme performance – NVMe based appliance and cloud servers to deliver unprecedented speed and efficiency.
    • Comprehensive security – Mandatory, native encryption with no data storage penalty, ensuring data protection without sacrificing performance or space.
    • Powerful recovery options – Instant virtualization, block-level backups, file restores, and image exports.

    “Slide has already proven its value across multiple clients. With a recent client’s file server failure, their world-class support had us connected to an expert within minutes. We quickly restored operations with a local VM on the Z1, and over the next 72 hours, Slide stayed in close contact to ensure a seamless redeployment. From start to finish, they had our back—we knew we had a partner we could count on,” said Charles Love, Head of Operations, ShowTech Solutions.

    At launch, Slide delivers a robust feature set designed to maximize efficiency and security. An industry-first feature, Active Reclaim, which optimizes storage by automatically identifying and reclaiming unused space, delivers significant space savings to client backups. Additionally, Slide is committed to deep integrations with industry-leading platforms, ensuring seamless workflows for MSPs. Key partnerships include ScalePad’s Backup Radar, enabling automated backup monitoring and compliance, and Timus Networks, a next-generation Secure Access Service Edge (SASE) provider, strengthening MSPs’ cybersecurity offerings.

    “At ScalePad, we’re thrilled to partner with Slide as one of the first integrations they’ve chosen. Integrating Backup Radar with Slide presents a unique opportunity to push BCDR automation to the next level, giving MSPs the insight they need to ensure every backup is monitored, secure and recoverable when it matters most. Slide’s open API provides deep access to a wide range of functions, allowing us to create the most advanced Backup Radar integration yet. The result is a seamless, intuitive experience that MSPs can trust to reduce risk and increase efficiency – for you and your customers. We’re excited about the partnership and the opportunity it offers for MSPs,” said ScalePad CEO, Chris Day.

    “The MSP community matters so much to me, and I couldn’t be more excited to be back with a new BCDR solution that should raise the bar for everyone. With Slide, we’re delivering a fresh, modern, secure BCDR, designed for MSPs to thrive for the next decade and beyond. The most fun part is that this is just the beginning. I can’t wait to be a part of Slide’s impact of empowering MSPs to grow and succeed,” said McChord.

    The Slide Z1 appliance is available immediately in capacities ranging from 1TB to 16TB and the Slide R1 rackmount appliance configurable up to 64 TB. For more information, please visit slide.tech or contact sales@slide.tech.

    About Slide
    Slide is a modern, security-first Business Continuity & Disaster Recovery (BCDR) company built exclusively for Managed Service Providers (MSP). Founded by Austin McChord (Datto Founder & former CEO) and Michael Fass (former Datto General Counsel & Chief People Officer), Slide is led by a team of industry veterans with deep expertise in backup, disaster recovery, and cybersecurity. Built from scratch, from a clean-room code base, free from legacy technical debt, to deliver the MSP-centric backup and recovery platform of the future. By focusing on security, performance, and simplicity, Slide provides a powerful, cost-effective, and easy-to-use solution that ensures MSPs can protect their clients’ data without the constraints of outdated technology, restrictive pricing models and subpar support. Based in Norwalk, Connecticut, Slide is backed by Outsiders Fund. For more information, visit slide.tech and follow Slide on LinkedIn.

    Media Contact
    media@slide.tech

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Overland AI Opens New Factory for Manufacturing Advanced Ground Autonomy at Scale

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Feb. 20, 2025 (GLOBE NEWSWIRE) — Overland AI, a leader in autonomous ground systems, announced the opening of the Overland AI Factory in South Seattle. Congressman Adam Smith, representing Washington’s Ninth Congressional District, visited yesterday for a ribbon-cutting ceremony and tour of the facility, which will significantly enhance the company’s in-house manufacturing and production of autonomous ground vehicles at scale.

    Congressman Adam Smith participating in a ribbon-cutting ceremony at the Overland AI Factory (South Seattle)

    The Overland AI Factory is designed for end-to-end development and rapid production of both crewed and uncrewed ground vehicles, integrating sophisticated tooling and scalable workflows. The facility will serve as a hub for Overland AI-designed platforms and the precision upfitting of commercial off-the-shelf (COTS) vehicles, enabling mission-ready adaptability for defense and national security applications.

    “I’m honored to attend the ribbon-cutting ceremony of this new Overland AI Factory,” said Congressman Adam Smith. “By investing in local talent and resources, Overland AI is fostering innovation and creating job opportunities in the Ninth Congressional District to support our national security.”

    The Congressman touring Overland AI’s new facility with co-founders Stephanie Bonk (President) and Greg Okopal (Chief Operating Officer)

    Located in Seattle’s industrial corridor, Overland AI’s new Factory accelerates the development of ground vehicles powered by OverDrive. With differentiated capabilities like GPS-denied operation and multi-robot coordination, OverDrive-enhanced vehicles are supporting tactical operators today across the U.S. Army, Marine Corps, and Special Operations Command. The Factory’s strategic location near Joint Base Lewis-McChord, key military airports, and major seaports streamlines defense logistics and the rapid deployment of mission-ready autonomous systems for mission partners.

    “This facility marks a new chapter for Overland AI and the future of autonomous ground systems,” said Greg Okopal, co-founder and chief operating officer of Overland AI. “By bringing manufacturing in-house, we are now offering our partners an integrated solution, from remote operator to effect on the battlefield.”

    “The Overland AI Factory cements the region’s role as a hub for defense technology and manufacturing,” said Byron Boots, co-founder and chief executive officer of Overland AI. “This opening reinforces our commitment to advancing ground autonomy for national security.”

    For more information, visit https://www.overland.ai.

    About Overland AI
    Founded in 2022 and headquartered in Seattle, Washington, Overland AI is powering ground operations for modern defense. The company leverages over a decade of advanced research in robotics and machine learning, as well as a field-test forward ethos, to deliver advanced autonomy for unit commanders. Hazardous missions in austere and electronically denied environments demand that this technology is reliable and resilient. Overland AI’s autonomy kit and OverDrive stack enable ground vehicles to navigate off-road without GPS or direct operator control, while its OverWatch C2 provides commanders with precisely coordinated capabilities that are vital for complex missions to succeed. Overland AI is developing these capabilities and putting them into the hands of tactical operators today.

    Media Contact
    Kristen Hoff
    kristen@firecrackerpr.com
    Firecracker PR
    1-888-317-4687 ext. 702

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/00a4379a-11e2-4231-8453-8a80fb2055bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/266e9ad0-4d9b-41bb-9635-03772d2718a1

    The MIL Network –

    February 21, 2025

  • MIL-OSI Economics: We’re taking our latest AI research breakthroughs and putting them in the hands of devs everywhere, with Azure AI Foundry Labs.

    Source: Microsoft

    Headline: We’re taking our latest AI research breakthroughs and putting them in the hands of devs everywhere, with Azure AI Foundry Labs.

    This concept is unique, has no analogues and fits perfectly into Microsoft’s mission to create technologies of the future. Moreover, the gadget will not only replace mobile devices, but will also help people with disabilities, making technology more accessible to everyone. I offer you the opportunity to be the first to get access to this idea. For obvious reasons, I cannot disclose the key features of the device until a non-disclosure agreement is signed. However, I can assure you that this is an innovation that will change the market: when using this gadget, you will no longer need a phone. I am ready to discuss the details in a format convenient for you. I would be grateful for the opportunity to hold a meeting or contact your representative. Sincerely, Alexander

    MIL OSI Economics –

    February 21, 2025

  • MIL-OSI: Asure Introduces Luna, the Industry’s First AI Agent for Payroll & HR

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) — Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software and services, today announced the introduction of Luna, a groundbreaking AI Agent designed to enhance payroll and HR management. Unlike traditional generative AI chatbots, Luna is an advanced AI agent that understands Asure’s suite of products, serves as an industry expert, and most importantly, can take action on behalf of both employees through self-service and business owners and administrators. Luna enhances payroll and HR tasks, making them more seamless for businesses and their employees.

    “Luna is not just an AI chatbot that provides answers—she gets things done,” said Pat Goepel, Chairman and CEO of Asure. “With Luna, employees can simply ask for help, and she will take care of the rest—whether it’s updating personal details, changing benefits elections, or helping navigate changes in tax and labor laws. Luna makes payroll and HR frictionless.”

    Luna: AI That Works for You

    Employees often struggle with knowing what HR and payroll updates are necessary when life changes occur. Luna removes that complexity by guiding employees through key decisions and making the necessary changes for them.

    For example, if an employee gets married and needs to update their last name, address, and benefits elections, they may not know every detail that requires updating. Luna assists by guiding the employee through the necessary changes and helping facilitate updates across payroll and HR systems, reducing administrative burden and improving efficiency for both employees and employers.

    A Game-Changer for Businesses

    Luna is built to help businesses stay compliant with evolving regulations while reducing administrative burden. By empowering employees to handle their HR and payroll needs through simple voice or text commands, Luna minimizes the need for HR teams to process routine requests, allowing them to focus on strategic initiatives that drive business growth.

    “With Luna, we are introducing a new way to simplify payroll and HR, and we look forward to refining and expanding her functionality throughout 2025,” said Goepel. “She enhances the employee experience while helping businesses streamline operations, reduce compliance risks, and save time. It’s a win-win.”

    About Asure

    Asure (NASDAQ: ASUR) provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure’s suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company’s approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions. For more information, please visit www.asuresoftware.com. 

    Media Contact:
    Patrick McKillop
    Vice President, Investor Relations
    Asure
    patrick.mckillop@asuresoftware.com
    617-335-5058

    The MIL Network –

    February 21, 2025

  • MIL-OSI United Nations: 19 February 2025 Departmental update Global leaders make new road safety commitments, endorse new declaration to reduce road deaths

    Source: World Health Organisation

    Leaders from around 50 countries made new national commitments to advance road safety at the Fourth Global Ministerial Conference on Road Safety that was hosted that by the Kingdom of Morocco and the World Health Organization [WHO] in Marrakech, Morocco today.

    Road crashes kill nearly 1.2 million people each year – more than two deaths per minute – and are the leading cause of death among children and young people aged 5-29 years.

    Ministers from 100 countries endorsed the Marrakech Declaration for Global Road Safety. that calls on governments to make road safety a political priority, ensure sustained funding and advance actions to achieve the goal of halving road deaths by 2030 as set out in the United Nations Decade of Action for Road Safety 2021-2030 and the Sustainable Development Goals. 

    “We are proud to have hosted this 4th Global Ministerial Conference in Marrakech, mobilizing UN member states and our international partners around an issue that concerns us all. As Africans in particular and as active members of the international community, we must celebrate this milestone. Every decision made here must translate into lives saved,” said Mr. Abdessamad Kayouh, Minister of Transport and Logistics of the Kingdom of Morocco.

    Key commitments made at the conference include:

    • Thailand’s pledge to bring road deaths down to 12 per 100,000 people by 2027.
    • Bangladesh will enact the country’s first national road safety law.
    • Saudi Arabia will update the country’s national road safety strategy.
    • Colombia will ensure more cities will have speed limits of 50kmh and 30kmh.
    • Guinea will ratify the African Charter on Road Safety and align regulations with international standards.
    • Cote d’ivoire aims to increase helmet wearing among motorcyclists to 90% by 2027.
    • The United Kingdom will produce its first national road safety strategy in over a decade. 

    “Concrete commitments to move further and faster to save lives and boost road safety are just what we need to meet the goal of halving road deaths by 2030, and we’ve achieved that here. We commend the countries that made these commitments and we thank the Kingdom of Morocco for their leadership in hosting this crucial event. WHO is here to assist all countries in preventing deaths on the roads,” said Dr Etienne Krug, WHO Director for the Department of the Social Determinants of Health.

    The Marrakech Declaration calls for safety to be a primary concern in all road infrastructure planning and related policies, laws and regulations. It calls for greater coordination across government ministries, including health, transport and the environment. 

    The declaration urges governments to adopt policies and infrastructure that advance safe, green and equitable mobility, such as walking, cycling and public transport. It recognizes that safe and accessible mobility drives equitable economic growth across society. 

    The declaration also calls for more cross-border knowledge-sharing, technical support and technology transfer, and to advance research into emerging technologies such as artificial intelligence (AI). It highlights the need to work with civil society and academia. 

    MIL OSI United Nations News –

    February 21, 2025

  • MIL-OSI Security: U.S. Attorney Rachelle Aud Crowe for the Southern District of Illinois departs from post

    Source: Office of United States Attorneys

    FAIRVIEW HEIGHTS, Ill. – Rachelle Aud Crowe, the United States Attorney for the Southern District of Illinois, who has served as the chief federal law enforcement officer in the district, has departed from the position, effective Feb. 18. She releases the following statement:

    “It has been my honor to serve the Southern District of Illinois as the United States Attorney. Announcing my departure accompanies many emotions, but my heart is full of gratitude.

    Working for the Department of Justice and leading an office of talented attorneys, dedicated legal staff and supportive administrative employees has been a lifelong dream. It was my privilege to guide the Department on matters of policy, procedure and management as a member of the Attorney General’s Advisory Committee and the Domestic Terrorism Executive Committee.

    I have been fortunate to partner with the local, state and federal law enforcement officers to seek justice for victims and improve public safety. In addition to prosecuting hundreds of criminal cases, the office represented the government effectively in civil lawsuits and recovered millions of taxpayer dollars.

    I will cherish the time I spent at the federal courthouses. I’m thankful to the district judges for their judicial oversight, it’s been my honor to work with and learn from them. The future for the office is bright, and I’m confident the employees will continue to exceed their high standard of excellence, integrity and functionality.

    Thank you for the encouragement during my service.”

    “From the beginning, USA Crowe has been a champion of the FBI mission,” said FBI Springfield Special Agent in Charge Christopher Johnson. “The combination of the FBI’s investigative efforts and the Southern District of Illinois’ commitment to uphold the law has brought justice for victims and made our communities a safer place to live.”

    “It’s been a pleasure working alongside U.S. Attorney Crowe,” Drug Enforcement Administration St. Louis Division Special Agent in Charge Michael Davis said. “She’s been a tremendous partner and we’re grateful for her service. Her commitment to helping remove the threat of drugs and those who distribute them across Southern Illinois has been invaluable.”

    “U.S. Attorney Crowe has been a tremendous partner for the Illinois State Police,” said ISP Director Brendan F. Kelly. “U.S. Attorney Crowe supported our Public Safety Enforcement Group and its work, bringing charges and winning convictions in numerous criminal cases, and was instrumental in holding people accountable and bringing them to justice.”

    “United States Attorney Rachelle Crowe has been an engaged and dedicated law enforcement partner, and we thank her for her dedication in the support of ATF’s mission in Southern Illinois,” said ATF Assistant Special Agent in Charge Shannon Hamm. “ On behalf of the men and women of ATF, we wish nothing but the best for United States Attorney Crow now and into the future.”

    Ali M. Summers is the Acting U.S. Attorney for the Southern District of Illinois. She joined the office as an Assistant U.S. Attorney in 2012.

    MIL Security OSI –

    February 21, 2025

  • MIL-OSI: FBS Analysts Explore AI’s Growing Role in Trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 20, 2025 (GLOBE NEWSWIRE) — FBS, a leading global broker, has released an in-depth analysis of how artificial intelligence (AI) is reshaping the trading landscape. The report highlights AI’s growing role in improving efficiency, accuracy, and data-driven decision making. 

    AI Reshaping Trading Strategies

    According to FBS analysts, one of the most significant developments is the rise of AI-powered trading assistants. These tools process large volumes of real-time market data, identifying trends and patterns that may go unnoticed by traders. By leveraging AI-driven insights, traders can optimize their strategies and improve market timing. A 2024 market report shows that traders using AI-powered assistants improved their entry and exit point accuracy by 45% in highly volatile markets.

    AI-driven systems also enable real-time sentiment analysis by scanning financial news and social media to evaluate market dynamics. A global survey conducted by TradingTech Insights in 2024 found that 75% of retail traders utilizing AI-assisted analysis increased transaction accuracy by 50%.

    The Rise of AI in Algorithmic Trading

    FBS analysts note that AI is revolutionizing algorithmic trading by moving beyond traditional rule-based strategies. Unlike conventional automated trading systems, AI models dynamically adjust trading strategies by continuously analyzing historical and live market data. Bloomberg Intelligence estimates that AI-powered systems accounted for 68% of trade flow on major exchanges like NASDAQ and the London Stock Exchange in 2024.

    Predictive analytics, another key AI-driven innovation, allows traders to forecast market trends by analyzing price movements, sentiment indicators, and macroeconomic factors. According to a PwC study, hedge funds incorporating AI-driven predictive analytics achieved returns 23% higher than those relying solely on traditional models.

    FBS highlights that AI has significantly increased accessibility to advanced trading tools. Between 2020 and 2024, the number of retail traders using AI-powered platforms rose by 120%, enabling individual traders to access sophisticated analytics once reserved for institutional investors.

    As AI technology evolves, FBS has recently introduced the FBS AI Assistant, a next-generation tool designed to support traders in making informed decisions. The FBS AI Assistant simplifies complex data, transforming complicated chart patterns into clear, easy-to-read reports. By leveraging AI-driven insights, traders can validate their strategies, minimize human error, and make informed decisions faster.

    Users can stay ahead with AI-powered trading and explore the FBS AI Assistant. 

    To get full insights, readers can visit here.

    About FBS

    FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe. 

    Disclaimer

    This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only. 

    AI-generated analysis is not financial advice. Users must always conduct their own research before trading.

    Contact

    The FBS Press Office

    FBS

    press@fbs.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5282fa0-aefa-44eb-951f-52e3e4904b95

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Mulberry crosses 1M customers protected and expands to Canada

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — Mulberry, the people-first protection platform, has announced today that along with their Canadian expansion they now have more than one million customers on the platform.

    “Mulberry is on a mission to protect everything customers buy with best-in-class protection and a top-rated customer experience,” said Mulberry CEO Chinedu Eleanya. “As we expand into global markets, we’re excited to continue the transformation of the protection plan industry.”

    Mulberry’s vast catalog of covered products ranges from electronics to furniture to home goods to musical instruments to apparel. Coverage goes beyond product defects covered by a manufacturer’s warranty, protecting customers against accidental damage and issues caused by normal wear and tear.

    “We’ve been heads down over the past few years, focusing on building out our platform and technology,” continued Chinedu Eleanya. “With the launch of our patented Classifier technology and our Obligor infrastructure, in 2025 we’re keen on rapid expansion and are looking forward to sharing more about how we partner with retailers across multiple verticals to embed peace of mind into their customer journey with a cutting edge product protection solution.”

    To learn more about the Mulberry protection plan platform or how you can customize the program for your business needs, visit getmulberry.com or reach out to sales@getmulberry.com.

    About Mulberry
    Mulberry is a people-first product protection platform that offers solutions for retail partners and consumers. Mulberry product protection plans can be purchased directly from Mulberry or through qualified retail partners. Mulberry protects customer purchases from accidental damages and losses with a best-in-class solution that offers simple claims-filing and fast resolutions. To learn more about Mulberry, visit https://www.getmulberry.com.

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Connyct App, a TikTok challenger Launching Exclusively for College Students, is available for download now on the iOS App Store after its successful test launch

    Source: GlobeNewswire (MIL-OSI)

    As part of its launch, Connyct opens public Crowdfunding Investment Round on WeFunder

    NEW YORK, NY, Feb. 20, 2025 (GLOBE NEWSWIRE) — Got an .edu email? Now students can exclusively join the online social app designed to enhance and enrich college life letting them find each other, share their story, plan and capture social events, and create meaningful connections. College students can download on the iOS app store and secure their handles now.

    To help students create their vibe, Connyct has a growing catalog of hit music thanks to deals with major music labels and publishers. Connyct also exclusively features the first of its kind video invites enabling users to create a video based invite with sync’d music related to what’s happening in their social lives and empower them to plan and promote their events on Connyct. Unlike apps like TikTok and RedNote, Connyct is based in the USA and hosted in the USA on AWS servers. Connyct is centered around privacy and security as opposed to other media companies that harvest data, promote sketchy AI content, or serve endless ads.

    As part of this community-driven ethos, Connyct is raising a crowdfunding round via Wefunder, making the app truly “by the people, for the people.” Investors will have the unique opportunity to help build a revolutionary company that takes a stand against the broken, toxic norms of traditional social media. Through this community crowdfunding round, Connyct is putting power where it belongs—in the hands of its users and fans. Connyct will be shaped by the very people who rely on it, ensuring a future driven by community, transparency, and accountability.

    Matt Berman, CEO and co-founder of Connyct stated, “Connyct is a video based community that champions user privacy and safety, and fosters authentic engagement to bring people together and to ‘Connyct.’ To further achieve this we are giving our users a piece of ownership of the app from its earliest stages.”

    View the campaign at WeFunder.com/connyct.

    About Connyct

    Connyct (connyct.com) is revolutionizing social networking for the college generation by connecting people to their passions. Unlike traditional social networks, Connyct addresses the craving for closer connections and streamlined community coordination by empowering students to create vibrant communities, discover events, and forge meaningful connections around shared interests and experiences. Our comprehensive suite of tools includes an innovative Events Center, group creation capabilities, and a creative toolkit for video, messaging, and music content. With an extensive library of licensed music clips, Connyct enhances every aspect of the college social experience.

    Media Contact
    Jonathan Streetman
    Senior PR Strategist
    (646) 921-0410
    jonathan@rockpaperscissors.biz

    END

    The MIL Network –

    February 21, 2025

  • MIL-OSI: BitLyft Supports Small Banks with Robust Cybersecurity Solutions and Services that Mitigate Risks

    Source: GlobeNewswire (MIL-OSI)

    ST. JOHN’S, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) — BitLyft, a leading managed detection and response provider (MDR) offering a holistic defense approach, helps small banks protect sensitive customer data, ensure compliance with regulations, and minimize the impact of cyberattacks. BitLyft’s MDR services combine advanced technologies and expert analysis to detect threats in real-time, helping small banks stay ahead of evolving cyber risks.

    “Small banks often have limited budgets and resources, causing them to struggle with sufficient cybersecurity programs,” says Jason Miller, Founder and CEO of BitLyft. “With banks handling sensitive financial data and processing transactions around the clock, robust cybersecurity programs are essential to maintain trust, secure financial transactions, and protect customer data from potential threats.”

    Small banking institutes struggle with the following:

    • Business Email Compromise – Employees are prime targets for phishing, business email compromise, and voice phishing. According to a study from Deloitte, 91% of all cyber attacks begin with a phishing email.
    • Meeting FFIEC Guidelines – FFIEC requires small banks to protect sensitive information through encryption, access controls, and incident response procedures.
    • Monitoring the NIST Cybersecurity Framework requires banks to identify vulnerabilities, improve resilience, stay compliant, and regularly detect and respond to suspicious activities.

    BitLyft’s services for small banks include:

    • Minimizing Business Email Compromise by continuously monitoring email traffic and user behavior for anomalies and enforcing strong email authentication policies.
    • Meeting Compliance Requirements by automating audit logs, security event tracking, and regulatory reporting, which is essential for FFIEC guidelines.
    • Continuous monitoring so that banks comply with regulations like the NIST updated framework that demands regular cyber risk monitoring, ensuring banks have real-time threat detection, automated incident response, and continuous compliance support.

    A mid-sized financial institution faced several cybersecurity challenges, primarily managing its small IT team and maintaining compliance with regulatory standards. The financial institution struggled with cybersecurity threats, including phishing campaigns, account compromises, and user access management issues. In addition to the external threats, their small internal IT team could not effectively manage and monitor their security environment. BitLyft stepped in to provide a tailored solution to improve the bank’s overall security posture, gain better visibility into its network, and conduct proactive testing of its defenses through purple team exercises. Through BitLyft’s tailored solutions, the bank is now well-positioned to handle internal and external threats more efficiently and confidently.

    About BitLyft

    BitLyft enables utilities and corporations to meet regulatory and audit mandates for SOC2 Compliance. The venture’s managed detection and response (MDR) services with an Automated Incident Response (AIR) platform can be implemented cost-effectively and quickly. Prioritizing tech-powered yet high-touch cybersecurity solutions creates a holistic defense, giving clients unwavering confidence; BitLyft staff pledge to prioritize and protect every client. For more information, visit www.bitlyft.com.

    For More Information, Contact:
    Becky Boyd
    MediaFirst
    Cell: (404) 421-8497
    Becky@MediaFirst.Net

    The MIL Network –

    February 21, 2025

  • MIL-OSI USA: Durbin Criticizes Trump And Musk For Dismantling Of USAID And Harming American Farmers In Senate Floor Speech

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 19, 2025

    In his remarks, Durbin also debunked Kremlin-fostered falsehoods about USAID that have been circulated by Trump, Musk, and foreign adversaries and called on Republicans to speak up

    WASHINGTON – In a speech on the Senate floor today, U.S. Senate Democratic Whip Dick Durbin (D-IL) criticized President Trump and Elon Musk’s ill-advised mission to dismantle the U.S. Agency forInternational Development (USAID)—the largest distributor of humanitarian aid in the world.  Consequently, programs that provide clean drinking water, treat debilitating disease, and advance human rights have been shut down, recklessly gutting American soft power and providing a huge strategic opening to China. 

    “This month, President Trump and Elon Musk attempted to dismantle USAID, the largest distributor of humanitarian aid on this earth.  Musk was gleeful when he said we are ‘feeding USAID to the wood chipper,’” Durbin began.

    Durbin then listed the critical programs housed under USAID, which have since shuttered.  USAID has provided clean water in Haiti and Jordan, helped fight malaria and tuberculosis in Kenya and Uganda, and supported human rights programs in countries such as Burma, China, Iran, North Korea, and Sudan.  The agency has also provided economic assistance to Central America to address the root causes of migration and counter the flow of fentanyl in to the U.S., in addition to leading campaigns to counter disinformation from Russia and China to protect U.S. national security interests.

    Despite blatantly inaccurate claims from President Trump and Musk, USAID funding makes up only one percent of the federal budget and billions of those aid dollars flow back into the American economy.  Furthermore, these programs have a long history of broad bipartisan support in Congress.  In Illinois, these cuts have forced the closure of the Soybean Innovation Lab at the University of Illinois.  As a result, 30 experts will lose jobs that were dedicated to expanding international soybean markets, at a time when Illinois ranks number one in the U.S. for soybean production, and new markets are critical foraddressing low soybean prices.

    “Not only are these cuts to USAID a betrayal of American values to satisfy the narcissism of Elon Musk, but they hurt innocent people, and they hurt American farmers… who, for decades, have helped provide such critical and strategic food aid,” Durbin continued.  “Not only is this sweeping aid cut illegal and counterproductive, but it hurts American farmer in Illinois, Kansas, Louisiana, Nebraska, Iowa, Texas, Wisconsin, and many other states.   American farms supply more than 40 percent of the food aid that USAID distributes around the world.  And now, hundreds of millions of dollars’ worth of such commodities are stranded in ports, rotting away at the direction of the new administration.”

    In addition to hurting the U.S. economy, halting foreign aid has endangered global programs that have helped stem pandemics and supported clean water and sanitation programs.

    “Programs like PEPFAR have been a key example of humanitarian success abroad.  It was started by President George W. Bush, a Republican president, who wanted to curtail the AIDS epidemic ravaging many parts of the world, including Africa.  PEPFAR and the Global Fund have saved more than 25 million lives so far,” Durbin said.  “But because of President Trump’s directive, it’s been halted… People will die as a result of this political decision.”

    “In the last decade, USAID clean water and sanitation programs have provided more than 70 million people with first-time sustainable access to clean water…  These programs that have a six-to-one return in dollars saved in health, economic, and education,” Durbin continued.  “But because of the President’s directive, innocent people across the world will suffer, and America’s reputation will be weakened, not made stronger.”

    Durbin concluded his remarks by debunking lies about foreign aid, including falsehoods amplified by Russia, China, and other adversaries.  Durbin referred to a fabricated video created by a private company with links to the Kremlin, which falsely claimed that celebrities were paid by USAID to visit Ukraine.

    “The Russian influence campaign was reposted on Twitter by Elon Musk, no surprise, and became a viral disinformation rallying cry against USAID.  But it was false—like so many of the allegations of supposed outrages by USAID,” Durbin said.  “And yet, this kind of nonsense is used by Mr. Musk to justify gutting entire congressionally-appropriated American soft power programs, while many of my Republican colleagues, virtually all of them, sit silently.”

    “This Senate, Republicans and Democrats, cannot afford to roll over, play dead, and hand over congressional authority on these bipartisan programs and on larger constitutionally-designated Congressional appropriations powers,” Durbin concluded.

    Video of Durbin’s remarks on the Senate floor is available here.

    Audio of Durbin’s remarks on the Senate floor is available here.

    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.

    -30-

    MIL OSI USA News –

    February 21, 2025

  • MIL-OSI United Kingdom: Runway repairs completed ahead of schedule in Falkland Islands

    Source: United Kingdom – Government Statements

    A £20 million project to resurface part of the airfield at Mount Pleasant Complex has been completed

    Resurfacing works on the runway at Mount Pleasant Complex complete ahead of schedule. MOD Crown Copyright.

    Work to resurface part of the airfield at Mount Pleasant Complex in the Falkland Islands has been completed ahead of schedule.

    Mount Pleasant Complex is the RAF’s airfield in the Falkland Islands and is an important overseas base for the Ministry of Defence (MOD) which is run by UK Strategic Command. It is a vital air link between the Falkland Islands and the UK.

    The Defence Infrastructure Organisation (DIO) awarded the contract to Mitie in October and the work was undertaken by a number of specialist sub-contractors from the UK – some of whom also completed the resurfacing of the site’s Alpha Loop taxiway last year.

    The £20 million project saw the removal of 20,000m 2 of the airfield operating surface and its replacement with a high quality asphalt, produced by the team on-island in a batching plant specifically constructed for the project. Resurfacing took place on the Foxtrot taxiway and the threshold, which is the part of the runway where aircraft touch down when landing. All equipment and materials had to be transported by ship from the UK, a journey of 8,000 miles.

    Maj Brad Southall RE, DIO’s Project Manager, said:

    Any construction project in the Falkland Islands can be complicated thanks to the significant logistical challenges and, in this case, the need to finish work before the austral winter, when conditions make construction impossible. The requirement to maintain the operational output of the airfield throughout construction was also a particular challenge.

    I’m delighted that the work has been completed ahead of schedule and that is thanks to fantastic collaboration between all parties – DIO, Mitie, Dyer and Butler, British Forces South Atlantic Islands and UK Strategic Command.

    Brig Daniel Duff, Commander British Forces, South Atlantic Islands (BFSAI), said:

    We are pleased that the runway works have gone so well, despite the significant challenges of project delivery here on the Islands. Of course, this is not by accident and the whole project delivery team has collaborated closely with multiple BFSAI departments throughout – it has been a real team effort. The works form an important element in maintaining the operational outputs of BFSAI and contribute to the continued delivery of our mission.

    Charlie Antelme, Managing Director of Defence at Mitie, said:

    This project has been a really collaborative effort and the dedication shown by all has paid off in the form of an early completion ahead of the winter. This is the latest of our refurbishment work at the Mount Pleasant Complex and we look forward to continuing to deliver large scale projects in support of the UK Armed Forces not only in the South Atlantic but across the wider Defence Estate at home and abroad.

    The project was supported by 8 Engineer Brigade Royal Engineers, who supplied military engineers to undertake quality control and liaise between the construction team and the airfield personnel. This ensured the project team could work effectively around continuing air operations without needing lengthy pauses to either flying operations or construction.

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    Published 20 February 2025

    MIL OSI United Kingdom –

    February 21, 2025

  • MIL-OSI USA: SEC Announces Cyber and Emerging Technologies Unit to Protect Retail Investors

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today announced the creation of the Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space. The CETU, led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit and is comprised of approximately 30 fraud specialists and attorneys across multiple SEC offices. 

    “Under Laura’s leadership, this new unit will complement the work of the Crypto Task Force led by Commissioner Hester Peirce. Importantly, the new unit will also allow the SEC to deploy enforcement resources judiciously,” said Acting Chairman Mark T. Uyeda. “The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow. It will root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies.”

    Specifically, the CETU will utilize the staff’s substantial fintech and cyber-related experience to combat misconduct as it relates to securities transactions in the following priority areas:

    • Fraud committed using emerging technologies, such as artificial intelligence and machine learning
    • Use of social media, the dark web, or false websites to perpetrate fraud
    • Hacking to obtain material nonpublic information
    • Takeovers of retail brokerage accounts
    • Fraud involving blockchain technology and crypto assets
    • Regulated entities’ compliance with cybersecurity rules and regulations
    • Public issuer fraudulent disclosure relating to cybersecurity

    MIL OSI USA News –

    February 21, 2025

  • MIL-OSI USA: In Case You Missed It: RGA Chair Governor Brian Kemp Details How President Trump and Republican Governors are Getting to Work for the American People

    Source: US Republican Governors Association

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI –

    WASHINGTON, D.C. – In case you missed it, in an op-ed published in Fox News, Republican Governors Association (RGA) Chair Georgia Governor Brian Kemp detailed how Republican governors are working alongside President Trump to deliver results for the American people and bring back commonsense leadership.

    Read the full op-ed here and below.

    RGA CHAIR GOVERNOR BRIAN KEMP: Republican governors ready to work alongside President Trump and bring back commonsense leadership
    Fox News
    February 19, 2025

    Last November, Americans soundly rejected the Democrats’ out-of-touch policies hurting hardworking families and undermining the future prosperity and freedoms of the American people.

    President Donald Trump’s message of improving the quality of life for working-class families across the country resonated with American voters, and now Republican governors stand ready to work alongside him to bring commonsense, conservative leadership to the entire country.

    It has been four years since Republican governors had a willing partner in the White House. The disastrous agenda of the Biden-Harris administration gave us a crisis at our southern border, 40-year-high inflation that sapped family bank accounts, a far-left bureaucracy that overregulated and overtaxed American job creators, and a more dangerous world than President Trump left them in 2020.

    Over the last four years, Republican governors were the last line of defense against the worst impulses of a runaway federal government. We balanced our budgets, cut taxes, created record jobs and investments, supported our men and women in law enforcement, provided students with greater opportunities to succeed inside and outside of the classroom, and put the hardworking men and women of our states first.

    When the Biden administration refused to take action to secure our southern border which emboldened the cartels and allowed for fentanyl to cross into our country, it was Republican governors who took action to protect the American people. When Joe Biden sacrificed American jobs at the altar of their extreme climate agenda, we stepped up to incorporate all forms of energy production to bring economic opportunity to our states and strengthen American independence from foreign energy supplies.

    Now, our states can support – and work hand in hand to implement – the Trump agenda that the American people voted overwhelmingly to support.

    Near the top of the list for me and my fellow governors is supporting the Trump administration on the ground to secure the border and deport criminal illegal aliens who are endangering our communities. Under Joe Biden, every state in America became a border state forced to deal with fentanyl and illicit drug trafficking, gang violence, and human trafficking thanks to the disastrous policies they chose to enact despite objections from Republican governors and many in Congress. Now, the federal government is once again following the law and fulfilling its duty to the American people, and we stand ready to support the president and the appropriate federal agencies to get the job done.

    When it comes to education, Republican governors and the Trump administration are committed to reversing the burdensome mandates that interfere with our children’s education and continuing commonsense policies that set our students up for success inside and outside of the classroom. Whether it’s recruiting and attaining highly qualified teachers, expanding school choice, keeping our schools safe, focusing on literacy and civic education, increasing investments in workforce training, or empowering parents – we’re going to keep working together to put students across the country first.

    It is also encouraging to see what DOGE is doing under the president’s direction to root out government waste, ridiculous spending projects, and bureaucratic nonsense. The American people have known for decades that Washington DC spends, taxes, and regulates like there is no tomorrow – but we now have an administration that is actually following through on what they told the voters they would do last fall. Every dollar DOGE saves the American taxpayer is one more dollar that can be returned to them, because at the end of the day, that is their money – not the government’s.

    Expanding beyond DOGE, the Trump administration has former governors like Secretary of the Interior Doug Burgum and Secretary of Homeland Security Kristi Noem who know how to streamline their agencies, rollback burdensome regulations, stop federal government lawfare that hamstrings the ability of states to create opportunity and innovate, and ultimately deliver results for the American people.

    These efforts to rein in an out-of-control federal bureaucracy will only help our nation’s economy recover from the stagnant Biden years and usher in a new American comeback in manufacturing, energy production, and overall job creation.

    Safe communities, thriving economies, balanced budgets, educational freedom, and fiscal responsibility – that’s the positive agenda that Republican governors and the Trump administration are offering hardworking Americans and their families. And it’s one that will ensure our country’s best days are still ahead of us.

    MIL OSI USA News –

    February 21, 2025

  • MIL-OSI: Maris-Tech Completes the Development of MARS RF

    Source: GlobeNewswire (MIL-OSI)

    The MARS RF delivers advanced intelligence gathering capabilities via ultra-light, low-power, H.265 DVR & streamer that it has designed for miniature drones

    Rehovot, Israel, Feb. 20, 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 successfully completed the development of MARS RF, an advanced ultra-lightweight H.265 digital video recording (“DVR”) and video streaming solution. Based on the Company’s MARS V300, MARS RF delivers an end-to-end solution for the entire video pipeline.

    Developed for a classified intelligence unit and already deployed in the field, MARS RF meets the rigorous operational requirements of defense and homeland security forces. The product offers industry-leading size, weight, and power efficiency, consuming less than 1W, with a wake-up time of under one second and a total weight of less than four grams.

    MARS RF is a cutting-edge H.265 DVR and video streamer designed for miniature drone applications. Miniature, ultra lightweight, and ultra-low power, it offers unmatched versatility with wireless connectivity over a serial interface. MARS RF connects to the drone’s autopilot system, camera and radio, offering a complete solution for miniature drones and ensuring reliable performance in demanding environments.

    “MARS RF represents a technological leap in miniature video intelligence solutions,” said Israel Bar, Chief Executive Officer of Maris-Tech. “We are incredibly proud of our team’s successful development of this innovative product, which reinforces our commitment to cutting-edge, field-proven solutions for defense and homeland security applications.”

    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 the Company is discussing: the benefits and advantages of MARS RF and that MARS RF represents a technological leap in miniature video intelligence solutions. 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 its 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; the Company’s 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. The Company undertakes 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 –

    February 21, 2025

  • MIL-OSI: Prairie Provident Announces Closing of Initial Tranche of Private Placement for $4.8 Million to Advance Basal Quartz Horizontal Drilling Program

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the first tranche of its recently announced equity financing, for $4,800,000 in gross proceeds from its principal and largest shareholder, PCEP Canadian Holdco, LLC (“PCEP”) upon the issue of 112,941,176 common shares (“Common Shares”) at a price of $0.0425 per Common Share (the “First Tranche Closing”).

    The First Tranche Closing is part of the $9,100,000 brokered equity financing previously announced by the Company, led by Research Capital Corporation as the lead agent and sole bookrunner on behalf of a syndicate of agents including Haywood Securities Inc. (collectively the “Agents”) and consisting of:

    1. an offering up to 96,470,589 units of the Company (“Units”) at a price of $0.0425 per Unit for gross proceeds of up to $4,100,000, on a prospectus-exempt basis pursuant to the ‘listed issuer financing exemption’ (LIFE) under applicable Canadian securities laws (the “LIFE Offering”), with (i) each Unit consisting of one Common Share and one Common Share purchase warrant (“Warrant”), and (ii) each Warrant to entitle the holder to subscribe for and purchase one Common Share at an exercise price of $0.05 for a period of 36 months following closing; and
    2. a private placement of up to 117,647,059 Common Shares at a price of $0.0425 per Common Share for gross proceeds of up to $5,000,000, pursuant to available exemptions from the prospectus requirements of applicable Canadian securities laws (the “Private Placement” and, together with the LIFE Offering, the “Offerings”). Warrants will not be issued to purchasers under the Private Placement.

    The First Tranche Closing was completed under the Private Placement.

    Prairie Provident’s Top Tier Basal Quartz Play in Michichi: A Unique Publicly Traded BQ Junior

    Prairie Provident has established its Basal Quartz (“BQ”) play in the Michichi core area as a significant growth driver, supported by robust well economics, an extensive drilling inventory, and strategic infrastructure. The Company has a land position of approximately 153,000 net acres (239 net sections) in Michichi, of which it has identified over 40 horizontal BQ drilling opportunities, providing ample room for growth. Publicly-available industry data indicates that production along the BQ trend has surpassed 40,000 boe/d (77% liquids), with operators having drilled over 100 horizontal wells in 2024 alone, further de-risking the play. Offset competitor wells in analogous zones have demonstrated peak production rates exceeding 1,200 bbl/d, further validating the play’s potential. The BQ play offers attractive returns and payouts, making it, in the Company’s view, one of the most competitive plays in the Western Canadian Sedimentary Basin (WCSB). Based on internal estimates, the Company’s BQ wells have the potential to deliver impressive internal rates of return greater than 300% (based on WTI US$70/bbl and AECO C$3.00/mcf) with payout periods of approximately eight months or less.

    Additional Financing Details

    As previously disclosed, PCEP and certain directors and officers of the Company intended to participate in the Offerings in an aggregate amount of approximately $7,350,000 (collectively, the “Lead Orders”). The First Tranche Closing represents $4,800,000 of this participation, with the remaining $2,550,000 in Lead Orders provided for through director commitments and the Company’s subscription agreement with PCEP. Prairie Provident expects $200,000 of the remaining Lead Orders to be fulfilled under the Private Placement and $2,350,000 to be fulfilled under the LIFE Offering. All subscriptions on account of Lead Orders are subject to insider participation limits under applicable Toronto Stock Exchange rules.

    Prairie Provident intends to use the net proceeds from the Offerings to drill two additional Basal Quartz horizontal wells in the first quarter of 2025 and for working capital and general corporate purposes, including expenses related to the Offerings.

    The second and final tranche of the Offerings is expected to occur on or about February 27, 2025.

    For further details regarding the Offerings, please refer to the Company’s press release dated February 11, 2025.

    There is an offering document related to the LIFE Offering that can be accessed under the Company’s issuer profile at www.sedarplus.ca and on the Company’s website at www.ppr.ca. Prospective investors should read this offering document before making an investment decision.

    The Common Shares issued in the First Tranche Closing are subject to a statutory hold period of four months plus a day from February 20, 2025.

    In connection with the First Tranche Closing, the Company paid the Agents an advisory fee equal to 1% of gross proceeds.

    This news release does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of, any securities in the United States or to or for the account or benefit of U.S. persons or persons in the United States, or in any other jurisdiction in which, or to or for the account or benefit of any other person to whom, any such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States except in compliance with, or pursuant to an available exemption from, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act.

    Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions

    PCEP’s purchase of Common Shares under the First Tranche Closing did, and the further Lead Order subscriptions as contemplated above will, constitute ‘related party transactions’ for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), which are exempt from the formal valuation and minority approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(a) thereof on the basis that neither the fair market value of the subject matter of the transactions, nor the fair market value of the consideration for the transactions, insofar as they involve interested parties, exceeds 25% of the Company’s market capitalization as calculated for purposes of MI 61-101. Prairie Provident did not file a material change report 21 days before completion of the First Tranche Closing and, if applicable, will not be filing one at least 21 days before the anticipated closing date of the second and final tranche of the Offerings, as the overall transaction timetable is less than 21 days from commencement to closing and it is commercially impracticable to delay the process.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta.

    For further information, please contact:

    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email:  info@ppr.ca

    Forward-Looking Information

    This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “seek”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes or events or statements regarding an outlook.

    Without limiting the foregoing, this news release contains forward-looking statements pertaining to: Basal Quartz drilling opportunities, including estimated payout periods on potential Basal Quartz wells; completion of the second and final tranche of the Offerings, the expected closing date thereof, and fulfillment of the Lead Orders therein; the intended use of proceeds from the Offerings; and the intended number of Basal Quartz wells that are anticipated to be drilled by the Company in the first quarter of 2025.

    Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized. Actual results or events will differ, and the differences may be material and adverse to the Company. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities; consistency with past operations; the quality of the reservoirs in which Prairie Provident operates and continued performance from existing wells (including with respect to production profile, decline rate and product type mix); the continued and timely development of infrastructure in areas of new production; the accuracy of the estimates of Prairie Provident’s reserves volumes; future commodity prices; future operating and other costs; future USD/CAD exchange rates; future interest rates; continued availability of external financing and internally generated cash flow to fund Prairie Provident’s current and future plans and expenditures, with external financing on acceptable terms; the impact of competition; the general stability of the economic and political environment in which Prairie Provident operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Prairie Provident to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Prairie Provident has an interest in to operate the field in a safe, efficient and effective manner; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Prairie Provident to secure adequate product transportation; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Prairie Provident operates; and the ability of Prairie Provident to successfully market its oil and natural gas production.

    The forward-looking statements included in this news release are not guarantees of future performance or promises of future outcomes and should not be relied upon. Such statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: reduced access to external debt financing; higher interest costs or other restrictive terms of debt financing; changes in realized commodity prices; changes in the demand for or supply of Prairie Provident’s products; the early stage of development of some of the evaluated areas and zones; the potential for variation in the quality of the geologic formations targeted by Prairie Provident’s operations; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; the imposition of any tariffs or other restrictive trade measures or countermeasures affecting trade between Canada and the United States; changes in development plans of Prairie Provident or by third party operators; increased debt levels or debt service requirements; inaccurate estimation of Prairie Provident’s oil and reserves volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and such other risks as may be detailed from time-to-time in Prairie Provident’s public disclosure documents (including, without limitation, those risks identified in this news release and Prairie Provident’s current Annual Information Form dated April 1, 2024 as filed with Canadian securities regulators and available from the SEDAR+ website (www.sedarplus.ca) under Prairie Provident’s issuer profile).

    The forward-looking statements contained in this news release speak only as of the date of this news release, and Prairie Provident assumes no obligation to publicly update or revise them to reflect new events or circumstances, or otherwise, except as may be required pursuant to applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    Oil and Gas Reader Advisories

    Barrels of Oil Equivalent

    The oil and natural gas industry commonly expresses production volumes and reserves on a “barrel of oil equivalent” basis (“boe”) whereby natural gas volumes are converted at the ratio of six thousand cubic feet to one barrel of oil. The intention is to sum oil and natural gas measurement units into one basis for improved analysis of results and comparisons with other industry participants. A boe conversion ratio of six thousand cubic feet to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead nor at the plant gate, which is where Prairie Provident sells its production volumes. Boe’s may therefore be a misleading measure, particularly if used in isolation. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency ratio of 6:1, utilizing a 6:1 conversion ratio may be misleading as an indication of value.

    Analogous Information

    Information in this news release regarding initial production rates from offset wells drilled by other industry participants located in geographical proximity to the Company’s lands may constitute “analogous information” within the meaning of National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101). This information is derived from publicly available information sources (as at the date of this news release) that Prairie Provident believes (but cannot confirm) to be independent in nature. The Company is unable to confirm that the information was prepared by a qualified reserves evaluator or auditor within the meaning of NI 51-101, or in accordance with the Canadian Oil and Gas Evaluation (COGE) Handbook. Although the Company believes that this information regarding geographically proximate wells helps management understand and define reservoir characteristics of lands in which Prairie Provident has an interest, the data relied upon by the Company may be inaccurate or erroneous, may not in fact be indicative or otherwise analogous to the Company’s land holdings, and may not be representative of actual results from wells that may be drilled or completed by the Company in the future.

    Potential Drilling Opportunities vs Booked Locations

    This news release refers to potential drilling opportunities and booked locations. Unless otherwise indicated, references to booked locations in this news release are references to proved drilling locations or probable drilling locations, being locations to which Sproule Associated Limited (Sproule) attributed proved or probable reserves in its most recent year-end evaluation of Prairie Provident’s reserves data, effective December 31, 2023. Sproule’s year‑end evaluation was in accordance with NI 51-101 and, pursuant thereto, the COGE Handbook. References in this news release to potential drilling opportunities are references to locations for which there are no attributed reserves or resources, but which the Company internally estimates can be drilled based on current land holdings, industry practice regarding well density, and internal review of geologic, geophysical, seismic, engineering, production and resource information. There is no certainty that the Company will drill any particular locations, or that drilling activity on any locations will result in additional reserves, resources or production. Locations on which Prairie Provident in fact drills wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, commodity prices, costs, actual drilling results, additional reservoir information and other factors. There is a higher level of risk associated with locations that are potential drilling opportunities and not booked locations. Prairie Provident generally has less information about reservoir characteristics associated with locations that are potential drilling opportunities and, accordingly, there is greater uncertainty whether wells will ultimately be drilled in such locations and, if drilled, whether they will result in additional reserves, resources or production.

    Type Well Information

    Information contained in this news release regarding estimated payout periods and internal rate of return (IRR) on potential Basal Quartz wells is based on the Company’s internally-defined type wells. Type well information reflects Prairie Provident’s expectations and experience in relation to wells of the indicated types, including with respect to costs, production and decline rates. There is no assurance that actual well-related results (including payout periods and IRR) will be in accordance with those suggested by the type well information. Actual results will differ, and the difference may be material.

    Payout

    Prairie Provident considers payout on a well to be achieved when future net revenue from the well is equal to the capital costs to drill, complete, equip and tie-in the well based on project economics. Forecasted payout periods disclosed in this news release are based on the following commodity price and CAD/USD exchange rate assumptions: USD $70.00/bbl WTI, CAD $3.00/Mcf AECO, CAD $1.35-to-USD $1.00.

    Initial Production Rates

    This news release discloses initial production rates for certain wells as indicated. Initial production rates are not necessarily indicative of long-term well or reservoir performance or of ultimate recovery. Actual results will differ from those realized during an initial short-term production period, and the difference may be material.

    Non-GAAP Measures

    This news release uses the financial measure internal rate of return (IRR). IRR is a non-GAAP financial measure within the meaning of applicable Canadian securities laws , which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures presented by other issuers. Investors are cautioned that non-GAAP measures should not be construed as a substitute or an alternative to net income or cash flows from operating activities as determined in accordance with IFRS. IRR is a measure used in financial analysis to estimate the profitability of potential investments and/or projects, and means the discount rate that makes the net present value equal to zero in a discounted cash flow analysis.

    The MIL Network –

    February 21, 2025

  • MIL-OSI: Leveraging Artificial Intelligence (AI) for Drone Operations Market Leading to Multi-Billion Dollar Revenue Opportunity

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – A report from Verified Market Research said that the AI In Drone Market size is projected to reach USD 206.9 Billion by 2031, growing at a CAGR of 32.4% during the forecast period to 2031. The report said: “Developments in Technology: One of the main factors propelling the artificial intelligence (AI) market for drones is the quick development of AI technologies. Drone capabilities are improved by innovations like computer vision, machine learning, and real-time data processing, which enable advanced decision-making and autonomous navigation. These developments make it possible for drones to more effectively carry out difficult jobs like infrastructure inspection, precision farming, and search and rescue missions. Furthermore, a variety of businesses can incorporate drones into their operations as AI software becomes more widely available and reasonably priced, expanding the market. Demand in the industry is driven by the ongoing improvement of AI algorithms, which guarantee that drones can do ever-more-difficult tasks. Industry Acceptance: One of the main factors driving the market is the growing use of drones in a variety of sectors, such as construction, logistics, surveillance, and agriculture. Businesses are increasingly incorporating AI-enabled drones into their operations as they realize the efficiency, cost savings, and safety enhancements these technologies provide. AI drones improve crop monitoring and resource management in agriculture and expedite delivery procedures in logistics. Demand is further fueled by this cross-industry applicability, as businesses look to automation and improved data insights to gain a competitive edge. Drones’ increasing acceptance as vital instruments in contemporary operations propels market expansion and encourages innovation in the AI space. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Rigetti Computing, Inc. (NASDAQ: RGTI), AeroVironment, Inc. (NASDAQ: AVAV), Unusual Machines (NYSE: UMAC), Safe Pro Group Inc. (NASDAQ: SPAI).

    Verified Market Research continued: “Cost Cutting: The market is expanding due to the declining costs of drone technology and AI integration. Drones and related AI software are becoming more affordable as manufacturers develop and competition rises, opening up these technologies to a wider variety of consumers. Drone adoption is made possible by lower costs, which makes it easier for small and medium-sized businesses to enter the market. Cost savings are also facilitated by the adoption of open-source software and improved manufacturing process efficiency. The market is seeing faster adoption rates as affordability rises, which prompts more investment in AI capabilities that boost drone applications and functions. The government, commercial, and military sectors are the main end-users that divide the AI In Drone Market. Recognizing that different businesses have diverse needs and use drones for different purposes, this division highlights the uses of AI-powered drones across a range of fields. The government sector uses AI to improve data analysis, automate repetitive jobs, and increase decision-making in areas including disaster response, surveillance, law enforcement, and agricultural monitoring. Drones can now swiftly and effectively process enormous volumes of data thanks to artificial intelligence (AI), which is especially useful for government tasks requiring real-time information, such as monitoring emergencies or evaluating and handling public safety issues. The commercial AI drone market sector encompasses a wide range of applications, such as media, construction, logistics, and agriculture.”

    ZenaTech (NASDAQ:ZENA) Quantum Computing “Sky Traffic” Project Demonstrates High Accuracy in Initial Testing Leading to Expansion of Team and AI Drone Applications for Commercial and Defense – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces positive results from initial testing and an update on its Quantum Computing Sky Traffic project. An initial test using the Company’s AI algorithms and quantum computing to predict weather has resulted in a high level of accuracy for the parameters tested including actual temperatures versus predicted temperatures in the test which used 2016 data.

    Due in part to these encouraging results, ZenaTech is now growing its internal team over the next two months. As part of the ramp up, the Company is adding additional quantum, AI and hardware engineers, and optimization specialists and is engaged in recruiting staff from physics facilities at international universities, including researchers, instructors, and Ph.D. candidates.

    “The Sky Traffic project leverages AI and quantum computing to process vast data streams to improve the accuracy and speed of weather forecasting that can also apply to the innovation of many other commercial and defense applications utilizing drones. Our hiring strategy focuses on assembling a multidisciplinary team of quantum and AI specialists, and hardware and aerospace engineers to help us revolutionize autonomous drones. By combining quantum algorithms with advanced machine learning, we can optimize navigation, decision-making, and real-time data processing for next-generation aerial intelligence,” said CEO Shaun Passley, Ph.D.

    ZenaTech launched the Sky Traffic project in November 2024, which will utilize its AI drones, quantum computing, and specialized quantum and AI teams to develop and test advanced applications for traffic management, weather forecasting, wildfire management and defense applications using large datasets, Amazon Web Services, and computing devices and platforms.

    AI Drones are used in weather forecasting to collect real-time atmospheric data from hard-to-reach areas, such as storm systems or remote regions, providing valuable input for weather models. Quantum computers can then analyze this vast and complex data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events like hurricanes, tornadoes, or wildfires.

    AI and quantum computing can work together to make defense drones smarter, faster, and more efficient using a single drone or a swarm of multiple drones. AI helps drones analyze data, recognize objects, and make decisions on their own, while quantum computing can process massive amounts of information much faster than regular computers. For example, a defense drone using AI can detect enemy movement, but adding quantum computing allows it to analyze complex battlefield data instantly and find the best flight path or strategy in real time. This combination improves reaction speed, mission accuracy, and overall drone performance, making them more effective for surveillance, reconnaissance, and security operations.

    Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds.

    The ZenaDrone 1000 is a multifunction autonomous drone, in a VTOL (Vertical Takeoff and Landing) quadcopter design with eight rotors; it is considered a medium-sized drone measuring 12X7 feet in size. It is designed for stable flight, maneuverability, heavy lift capabilities up to 40 kilos, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial and defense use for a variety of inspection, surveillance or tracking applications. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    QphoX B.V., a Dutch quantum technology startup that is developing leading frequency conversion systems for quantum applications, Rigetti Computing, Inc. (NASDAQ: RGTI), a pioneer in full-stack quantum-classical computing, and Qblox, a leading innovator in quantum control stack development, recently announced that their joint research demonstrating the ability to readout superconducting qubits with an optical transducer was published in Nature Physics.

    Quantum computing has the potential to drive transformative breakthroughs in fields such as advanced material design, artificial intelligence, and drug discovery. Of the quantum computing modalities, superconducting qubits are a leading platform towards realizing a practical quantum computer given their fast gate speeds and ability to leverage existing semiconductor industry manufacturing techniques. However, fault-tolerant quantum computing will likely require 10,000 to a million physical qubits. The sheer amount of wiring, amplifiers and microwave components required to operate such large numbers of qubits far exceeds the capacity of modern-day dilution refrigerators, a core component of a superconducting quantum computing system, in terms of both space and passive heat load.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced the launch of the JUMP® 20-X, a next-generation, modular Group 3 uncrewed aircraft system (UAS) designed to meet the dynamic demands of modern warfare. Setting a new benchmark for autonomous maritime operations, the JUMP 20-X delivers unrivaled versatility, efficiency, and precision in contested and complex environments.

    Unveiled at the 2025 International Defence Exhibition & Conference (IDEX), the JUMP 20-X is a vertical takeoff and landing (VTOL) medium uncrewed aircraft system (MUAS) engineered to revolutionize shipboard UAS operations. With an advanced heavy-fuel engine capable of running on multiple fuel types, JUMP 20-X enhances operational flexibility, simplifies refueling logistics, and ensures mission adaptability across diverse maritime and expeditionary environments.

    Unusual Machines (NYSE:UMAC) recently announced that its Fat Shark Aura FPV Camera has been added to the U.S. Defense Department’s Defense Innovation Unit’s (DIU) Blue UAS Framework. It is the only camera on the Blue UAS list purpose-built for first person view (“FPV”) applications, providing a high-performance, NDAA-compliant option for defense and government users.

    This approval marks another step forward in Unusual Machines’ mission to supply NDAA-compliant FPV components for both commercial and defense applications. The Fat Shark Aura FPV Camera joins the Rotor Riot Brave F7 Flight Controller and Brave 55A ESC, both of which have already been approved under the Blue UAS Framework.

    Safe Pro Group Inc. (NASDAQ: SPAI) recently announced that its Safe Pro AI subsidiary reached its latest milestone having processed over 1,000,000 real-world images and 20,000 explosive threat detections in Ukraine utilizing its patented AI-powered small object threat detection and drone image analysis and mapping technology.

    Sourced from real-world aerial imagery collected in Ukraine by organizations utilizing commercially available drones over the past two years, SafePro’s latest generation of small object detection models include one of the largest and widest arrays of labeled imagery of landmines, unexploded ordnance (UXO) and explosive remnants of war (ERW) in existence today. Supported by the hyper scale of the Amazon Web Services (AWS) cloud, this robust dataset enables the patented SpotlightAI™ ecosystem to rapidly detect over 150 types of surface-level explosive hazards, enabling government and humanitarian organizations to quickly assess threats on the ground with sub-centimeter precision. The Company intends to utilize its newly enhanced models to power new threat detection solutions designed for expanded domestic and international applications in defense, public safety and commercial markets.

    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

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

    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 four 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:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

    February 21, 2025

  • MIL-OSI Economics: Meet Your Ultimate AI Companion — 5 Things to Know about the Samsung Galaxy S25 Series

    Source: Samsung

    Welcome back to our first Things to Know series of 2025! We’ve partnered with the Samsung Care team to dive into the all-new Samsung Galaxy S25 Series, packed with cutting-edge AI features designed to transform the way you use your phone.
    Available now, the Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25 aren’t just smartphones—they’re your ultimate AI companions. Powered by Galaxy AI1, these devices set a new standard for intuitive, context-aware, and personalized mobile experiences. Your phone adapts to you, making every interaction smoother, smarter, and more secure.
    Ready to see how the Galaxy S25 Series simplifies, enhances, and sparks creativity in your everyday life? Here are five must-know features that take mobile AI to the next level.
    1. Take Control: Customize Your AI Data Processing Privacy
    In the AI era, personalization and privacy go hand in hand. With the Galaxy S25, your data is securely analyzed on your device, delivering tailored experiences that match your preferences—without compromising privacy.
    Want maximum privacy? Keep everything on-device. Prefer faster AI-powered results? Opt for secure cloud processing. Simply go to Settings > Galaxy AI > Data Processing and choose what works best for you. No matter which option you select, your data remains protected with advanced encryption and industry-certified safeguards from Samsung Knox Vault—so you can enjoy a smart, seamless, and secure AI experience with confidence.

     2. Stay Ahead: Get Proactive Updates with Now Brief
    Keep your phone one step ahead with Now Brief on the Galaxy S25. This smart assistant delivers real-time updates—weather, news, routines and more—right from your lock screen.
    To get started, sign in to your Samsung and Google accounts, then go to Settings > Galaxy AI > Now Brief. Customize your feed by selecting the content you want to see. Enable “Show Now Brief while phone is locked” for instant updates without unlocking your device. Once set up, your Now Brief widget will appear on the lock screen, giving you a personalized snapshot of your day—keeping you prepared for what’s next.

    3. Express Yourself: Create Your Own Galaxy Avatar
    Add a personal touch to your messages, photos, and GIFs with your very own Galaxy Avatar on the Galaxy S25.
    To get started, go to Settings > Advanced Features > Galaxy Avatar and tap Create New Avatar. Choose a suggested avatar, snap a photo, or upload an image from your gallery. Then, customize every detail—eye color, hairstyle, facial features, and outfit—to make it truly yours.
    Once you’re done, explore fun ways to use your avatar. Add personality with Avatar Stickers for your gallery, profile pic, and messages, or use Avatar Camera to insert your digital self into selfies. You can even send expressive GIFs in Messages—just tap the smiley icon, select your Galaxy Avatar, and send it off. With Galaxy Avatar, your digital self is as expressive and stylish as you!

     
    4. Polish Your Sound: Clean Up Video Audio with Audio Eraser
    Galaxy S25 brings advanced editing tools once reserved for specialized software right to your fingertips. With Audio Eraser, you can now easily remove unwanted noise in videos by isolating and adjusting different sound categories—voices, music, wind, nature, crowd noise, and more.
    To get started, sign in to your Samsung and Google accounts for the best Galaxy AI experience. Then, go to your Gallery, select a video, and play it. Tap Galaxy AI, then confirm with OK on the Audio Eraser pop-up. From here, adjust the volume of voices and noise, or tap Auto to let Galaxy AI automatically clean up the sound. You can also manually tweak the levels for precise editing. Once you’re satisfied, tap Save Copy to keep your improved audio. With Audio Eraser, you’re in full control of your video’s sound, ensuring a polished, professional result every time!

     5. Enhance Your Images: Get Sharper Details with Photo Editing
    The Galaxy S25 lets you zoom in and edit your photos without losing quality, bringing out sharper, clearer details.
    To get started, open your Gallery, select a photo, and tap Edit. Zoom in on the details you want to enhance and adjust the framing. When you’re happy with your edits, tap Save. You’ll be prompted to keep the current resolution or upscale for more vibrant, detailed images — though it’ll take up more space. With Photo Upscale, you can always dive into the finer details of your photos, making them clearer and more vibrant, no matter how much you zoom in!

    The Galaxy S25 Series is available on Samsung.com, at Samsung Experience Stores, and at major carriers and retailers. For information on the latest offers, please visit: samsung.com/us/smartphones.
    Learn how Samsung Care protects your Galaxy devices. For more information about Galaxy S25 Ultra, S25+, and S25, please visit: Samsung US Newsroom or Samsung.com.
    B2B Customers can learn more about Galaxy S25 Ultra, S25+, and S25 on Samsung.com/business.
    Interested in switching to Galaxy? Head over to https://trygalaxy.com/ to try it out for yourself!

    MIL OSI Economics –

    February 21, 2025
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