Category: Artificial Intelligence

MIL-OSI Video: AMGFC24: The Nexus of Innovation

Source: World Economic Forum (video statements)

As the Fourth Industrial Revolution advances, foundational technology domains are converging to create new opportunities. In addition to their breakthrough potential, the simultaneous development of quantum, robotics, AI and more are accelerating mutual advancements.

What are the driving forces behind this convergence and how can organizations position themselves strategically within it for future growth?

This is the full audio from a session at the Annual Meeting of the Global Future Councils 2024 in Dubai on 17 Oct, 2024. Watch it here: https://www.weforum.org/events/annual-meeting-of-the-global-future-councils-2024/sessions/the-nexus-of-innovation/
Speakers:

Chantal Shen, Chief Scientist, Synthetic Biology, BGI Research

Hoda Al Khzaimi, Director, Centre for Cybersecurity, New York University Abu Dhabi

Freeke Heijman, Founder and CEO

Azeem Azhar, Chief Executive Officer, Exponential View

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https://www.youtube.com/watch?v=LAvep3poxK4

MIL OSI Video –

January 25, 2025
MIL-OSI Russia: Technograd opens free courses on programming and protection against cyber threats

Translation. Region: Russian Federation –

Source: Moscow Government – Government of Moscow –

Muscovites can get a profession in the field of programming and information security for free, as well as master design and marketing on free courses at the Technograd innovation and educational complex, subordinate to the capital’s Department of Entrepreneurship and Innovative Development. Training will begin in November.

During the classes you can learn programming languages C

In the same language with the IT sphere

Python is considered an ideal language for starting a career in programming. It will suit students who are attracted by web development and data analysis, machine learning, simplicity of code and a variety of ready-made solutions. Course “Python for Web Development. Flask and Web Application Development” will start on November 1st.

Students will be introduced to the Flask software platform, style templates and writing code to create a request form, databases and much more. Students will learn the basics of web development using Python and the Flask framework, learn how to manage database storage and build user authentication on websites.

Classes under the program will begin on November 3 “Functional Programming in Python. Basic Level”. The teacher will tell about the structure of the language, teach how to write and read program code, solve algorithmic problems and create flow charts. As a result, students will be able to analyze other people’s programs and work with data arrays.

On the same day, November 3, classes on the course will begin. “Functional programming in C. Learning a universal programming language will be useful for students who want to create games, desktop applications for Windows, web services, neural networks or graphics for metaverses. This language is used by banks, digital agencies, communication providers and large IT companies. Choosing this direction of study will help beginners find a job in a short time. During the classes, students will master the language structures, learn to use branches and cycles, work with the selection operator and data arrays.

Well “JavaScript. Basic Level” will start on November 6. Webinars will help expand knowledge in the field of web technologies for designers and marketers, as well as those who are already mastering programming in a comprehensive manner. JavaScript does not require complex concepts and technical details from beginners. The visual part of most websites on the Internet is written in it. Therefore, programmers who have studied this language are always in demand. The course program includes training in the principles of object-oriented programming, working with control structures and data structures, as well as familiarity with the logic of program execution.

In addition, Technograd is opening courses and for advanced JavaScript users. Training will begin on November 6th.

Future mobile developers for iOS and macOS, as well as gamedev and ackend developers will find this useful Webinars on the basic level of programming in Swift. Starting November 16, the teacher will introduce students to the basics of the language, the Xcode development environment, data collection, and user interface elements. During the training, students will create the To-Do List and Exchange Rates applications and test them in the iPhone Simulator.

Russian companies are always in demand for specialists who can find and eliminate vulnerabilities in the system and minimize the consequences of cyber attacks. From November 1, it will be possible to study the specifics of the profession and solve real problems on the course “Computer networks and information security”. Students will learn about the structure, topology, infrastructure and security of networks, protocols and network services. Particular attention will be paid to threat analysis and vulnerability detection, cryptography and advanced security methods.

Creativity and self-realization

Marketing and design are traditionally popular areas among young professionals. These areas offer creative freedom, the opportunity for self-realization and a dynamic career. Given digitalization and the development of new media formats, social networks and online trade, the demand for employees in these areas remains high.

In November, Technograd offers 11 specialized programs, where you can master the graphic editors Figma and Photoshop, the website builder Tilda, the 3D engine Blender, animation and video in After Effects. And also learn how to set up targeted advertising, engage in promotion in social networks and create selling photo and video content.

Upon completion of the training, a certificate or certificate of advanced training is issued. The project is supervised by Department of Entrepreneurship and Innovative Development of the City of Moscow.

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

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

http://vvv.mos.ru/nevs/item/145917073/

MIL OSI Russia News –

January 25, 2025
MIL-OSI China: China strongly opposes US rule on investment restrictions against China

Source: China State Council Information Office

China strongly opposes the U.S. final regulations on investment restrictions aimed at China, a spokesperson with the Ministry of Commerce said on Wednesday.

China has lodged solemn representations with the United States and reserves the right to take action, said the spokesperson in a statement published on the ministry’s website.

The United States has overstretched the concept of national security to adopt discriminatory investment restrictive measures against China, which is a typical non-market practice, the spokesperson said.

The spokesperson noted that the U.S. restrictions target sectors like chips, AI and quantum computing. Most industries related to these fields are not connected to national security, yet they will all be affected by the U.S. ban.

This will disrupt normal economic and trade cooperation between Chinese and U.S. companies, harming the interests of businesses in both countries, the spokesperson said.

China has noticed that many U.S. business associations and companies have expressed concerns that U.S. investment restrictions against China will cause American companies to give up the Chinese market to competitors from other countries, severely damaging U.S. interests, the spokesperson stated.

It is hoped that the United States will respect market economy laws, properly define the boundaries of national security in economic and trade fields, and stop politicizing and weaponizing economic and trade issues, the spokesperson added.

MIL OSI China News –

January 25, 2025
MIL-OSI United Kingdom: Labour urged to use wealth tax on super-rich to fund green transition

Source: Scottish Greens

30 Oct 2024 Finance

By taxing the super wealthy we can fund our shift to a fairer, greener and better economy.

More in Finance

The Labour government must tax the super-rich and polluters to fund our green transition and tackle the climate and nature emergencies, say the Scottish Greens.

Speaking ahead of today’s UK Budget statement, the party’s Co-leader, Lorna Slater, has urged the Chancellor to apply a wealth tax on the wealthiest 1% of households in the UK – those with assets worth £3.4 million and above.

Analysis from the University of Greenwich suggests that this tax would raise over £70 billion a year and potentially up to £130 billion.

Ms Slater said:

“The world is burning around us. We urgently need to see climate leadership from Downing Street.

“There is more than enough money to support our transition to a greener future and create thousands of high quality, well paid green jobs, but so much of it is being hoarded by a tiny number of extremely wealthy people who don’t need it.

“The solution is staring us right in the face. By asking the richest people and corporations to pay their fair share we can transform our economy and protect future generations.

“Making the change is essential for our climate, but it is also crucial for our economy. The UK has a huge opportunity, but it has been squandered by 14 years of a Tory government that actively undermined our climate efforts while giving handouts and tax breaks to its super-wealthy friends and donors.

“Labour must show the level of ambition that is needed by making a generation-defining investment in clean, green renewable energy and nature restoration and ending the climate vandalism of the Tories.”

Ms Slater added:

“The pain that households and families have suffered over the last 14 years was not inevitable. The cuts and austerity were a political choice, and one that Labour has doubled down on by cutting Winter Fuel Payments and refusing to lift the cruel two child cap. Labour can put an end to the cuts and support vital services like our NHS and schools.”

The tax, supported by the Scottish Greens, would start at a marginal rate of 1%, rising to 5% for those with £5.7 million or more (the richest 0.5%), and 10% for those with £18.2 million (the richest 0.15%).

MIL OSI United Kingdom –

January 25, 2025
MIL-OSI Asia-Pac: LCQ6: BUD Fund

Source: Hong Kong Government special administrative region

Following is a question by Dr the Hon Kennedy Wong and a reply by the Secretary for Commerce and Economic Development, Mr Algernon Yau, in the Legislative Council today (October 30):

Question:

     In recent years, the Government has launched many enhancement measures to the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund). In this connection, will the Government inform this Council:

(1) given that the Government launched the “E-commerce Easy” under the BUD Fund on July 15 this year, with a view to assisting enterprises in opening up the Mainland market through developing electronic commerce (e-commerce) business, of the respective numbers of relevant applications received and approved by the Government so far, as well as the average and maximum amounts of funding involved;

(2) given that at present, enterprises applying for the BUD Fund are required to provide proof of substantive operations and commercial transactions in Hong Kong, but it is learnt that many enterprises with trademarks and other intellectual property rights registered in Hong Kong have substantive operations on the Mainland and overseas, thus rendering them unable to successfully apply for the Fund, and there are views that the original intention of the Fund is to assist enterprises in enhancing their competitiveness, whether the Government will, in the light of the relevant situation, review the eligibility criteria for applying for the Fund; if so, of the details; if not, the reasons for that; and

(3) given that there are views pointing out that the application of artificial intelligence (AI) in cross-border e-commerce is particularly innovative, such as the use of AI key opinion leaders for marketing of goods, whether the authorities will consider expanding the funding coverage of “E-commerce Easy” to include the application of AI, thereby enabling enterprises to make better use of the funding to establish marketing systems; if so, of the details; if not, the reasons for that?

Reply:

President,

     The Government is dedicated to assisting Hong Kong enterprises, including small and medium enterprises (SMEs) and start-ups, in developing brands, upgrading business operations and enhancing competitiveness. One such measure is the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), which provides funding support for non-listed Hong Kong enterprises to develop business in the Mainland and 38 economies with which Hong Kong has signed free trade agreements and/or investment promotion and protection agreements.

     The reply to the three parts of the question is as follows:

(1) With a view to assisting Hong Kong enterprises in developing the Mainland sales market through electronic commerce (e-commerce) business, the Government launched “E-commerce Easy” under the BUD Fund on July 15 this year to allow enterprises to make use of $1 million funding flexibly within the cumulative funding ceiling of $7 million per enterprise to implement e-commerce projects on the Mainland. Since the launching of “E-commerce Easy”, the number of applications received has been gradually increasing for each month. As at end September this year, 102 applications have been received. So far, eight applications have been approved or approved with conditions. Other applications are being processed earnestly by the BUD Fund Secretariat, the Hong Kong Productivity Council, which will complete the vetting as soon as possible upon receipt of clarification on the questions raised by the Secretariat and supplementary documents from applicant enterprises. So far, the average funding amount of the approved applications is about $470,000, whereas the largest funding amount approved is about $990,000.

(2) The BUD Fund aims to assist Hong Kong enterprises in exploring more diversified markets through developing brands, upgrading business operations and developing sales. As such, the application eligibility is enterprise-based, requiring that an applicant enterprise must be registered in Hong Kong under the Business Registration Ordinance (Cap. 310) and has substantive business operations in Hong Kong, but is not premised on the registration location of the relevant intellectual property rights.

     Since the setting up of the BUD Fund in 2012, the requirement of having substantive business operations in Hong Kong has been in place, and was specified in the relevant Legislative Council Finance Committee paper for setting up the BUD Fund. As such, enterprises which solely operate outside Hong Kong do not meet the application eligibility. Considering that the BUD Fund involves public funds, we should focus the resources on enterprises with substantive business operations in Hong Kong in order to maximise the benefits brought about by the BUD Fund to Hong Kong’s economy and to such enterprises, thereby meeting the public expectation. We have no plan to relax this requirement.

     In fact, many Hong Kong enterprises have developed the Mainland and overseas markets with the BUD Fund’s support, including establishing new offices and retail points at target markets, purchasing machinery/equipment, placing advertisements, thereby benefiting their business operations in both Hong Kong and outside markets. Past success stories of different types of applications are set out on the website of the BUD Fund for the reference of applicant enterprises.

     Since the launching of the BUD Fund in 2012, the Government has kept on reviewing and enhancing its operational arrangements from time to time, having regard to market changes and the needs of the trade. Over the years, the Government has launched a number of enhancement measures, including expanding the geographical scope of the BUD Fund in phases from only the Mainland originally to 39 economies at present, gradually increasing the cumulative funding ceiling per enterprise from $500,000 to $7 million, launching “Easy BUD” in June 2023 to expedite the processing of applications involving designated measures with a smaller funding amount, as well as launching “E-commerce Easy” in July this year to assist enterprises in developing the Mainland sales market through e-commerce business.

     In the 2024 Policy Address released earlier, the Chief Executive announced the injection of $1 billion into the BUD Fund to assist SMEs in upgrading their business operations and developing new markets. In view of the rapid development of the e-commerce market of the Association of Southeast Asian Nations (ASEAN), and that the ASEAN is Hong Kong’s second-largest trading partner, the geographical coverage of “E-commerce Easy” will be expanded to the 10 ASEAN countries to support enterprises to develop the ASEAN market through digital transformation. We will also provide more targeted funding support for SMEs to implement green transformation projects. We expect that the above measures will be rolled out in the first half of 2025.

(3) The funding scope of the BUD Fund – “E-commerce Easy” is broad and covers many measures related to e-commerce, including the establishment of online stores on third-party online sales platforms and placing advertisements (including the engagement of ambassadors/key opinion leaders to promote products), development and enhancement of mobile applications and websites (such as adding online payment function and chatbot on enterprises’ websites). On the condition that the existing guidelines and other funding criteria can be satisfied, the use of technological services or plans (including artificial intelligence technology) by enterprises to implement the above measures for developing e-commerce business is within the funding scope of “E-commerce Easy”.

MIL OSI Asia Pacific News –

January 25, 2025
MIL-OSI USA: Fact Sheet: Key AI Accomplishments in the Year Since the Biden-⁠ Harris Administration’s Landmark Executive Order

US Senate News:

Source: The White House
One year ago, President Biden issued a landmark Executive Order to ensure that America leads the way in seizing the promise and managing the risks of artificial intelligence (AI). The Executive Order directed sweeping actions to manage AI’s safety and security risks, protect Americans’ privacy, advance equity and civil rights, stand up for consumers and workers, promote innovation and competition, advance American leadership around the world, and more.
Today, the Biden-Harris Administration is announcing that Federal agencies have completed on schedule each action that the Executive Order tasked for this past year—more than one hundred in all. Below are some of the Administration’s most significant accomplishments on managing AI’s risks and seizing its promise in the year since President Biden signed his Executive Order.
Managing Risks to Safety and Security:The Executive Order directed the boldest actions ever taken to protect Americans from a broad range of AI’s safety and security risks, including risks related to dangerous biological materials, software vulnerabilities, and foreign actors’ efforts to develop AI for harmful purposes. Over the last year, to protect safety and security, agencies have:
Used Defense Production Act authorities to require developers of the most powerful AI systems to report vital information, including results of safety and security testing, to the U.S. government. These companies have notified the Department of Commerce about the results of their red-team safety tests, their plans to train powerful models, and large computing clusters they possess capable of such training. Last month, the Department of Commerce proposed a rule to require the reporting of this information on a quarterly basis.
Led the way on AI safety testing and evaluations to advance the science of AI safety. The U.S. AI Safety Institute (US AISI) at the Department of Commerce has begun pre-deployment testing of major new AI models through recently signed agreements with two leading AI developers. The Department of Energy (DOE) developed and expanded its AI testbeds and evaluation tools, which it has already used to test models’ risk to nuclear security.
Developed guidance and tools for managing AI risk. The US AISI and the National Institute of Standards and Technology (NIST) at the Department of Commerce published frameworks for managing risks related to generative AI and dual-use foundation models, and earlier this month, AISI released a Request for Information on the responsible development and use of AI models for chemical and biological sciences. The Department of Defense (DoD) released its Responsible AI toolkit to align AI projects with the Department’s Ethical Principles.
Issued a first-ever National Security Memorandum (NSM) on AI. The NSM directs concrete steps by Federal agencies to ensure the United States leads the world’s development of safe, secure, and trustworthy AI; to enable agencies to harness cutting-edge AI for national security objectives, including by protecting human rights and democratic values; and to advance international consensus and governance on AI. This essential document serves as a formal charter for the AI Safety Institute, designating it as the center of the whole-of-government approach to advanced AI model testing, and will guide rapid and responsible AI adoption by the DoD and Intelligence Community. The NSM also directs the creation of a Framework to Advance AI Governance and Risk Management in National Security, which provides agile guidance to implement the NSM in accordance with democratic values, including mechanisms for risk management, evaluations, accountability, and transparency.
Finalized a framework for nucleic acid synthesis screening to help prevent the misuse of AI for engineering dangerous biological materials. The framework, developed by the Office of Science and Technology Policy (OSTP), encourages nucleic acid synthesis providers to identify gene sequences that could be used to pose national security risks, and to implement customer screening to mitigate the risks of misuse. Federal agencies will require that funding recipients obtain synthetic nucleic acids from vendors that adhere to the framework, starting in 2025. The Department of Homeland Security (DHS) has developed an initial framework with principles for evaluating the effectiveness of screening mechanisms going forward.
Launched a new Task Force on AI Datacenter Infrastructure. The Task Force provides streamlined coordination on policies to advance datacenter development operations in line with economic, national security, and environmental goals.
Identified measures—including approaches for labeling content and improving transparency—to reduce the risks posed by AI-generated content. The Department of Commerce submitted to the White House a final report on science-backed standards and techniques for addressing these risks, while NIST has launched a challenge to develop methods for detecting AI-generated content. President Biden has emphasized that the public has a right to know when content is AI-generated, and agencies are working to use these tools to help Americans to know that communications they receive from their government are authentic.
Combatted AI-generated image-based sexual abuse. Image-based sexual abuse—both non-consensual intimate images of adults and child sexual abuse material—is one of the fastest growing harmful uses of AI to date and disproportionately targets women, children, and LGBTQI+ people. This year, following the Vice President’s leadership in underscoring the urgent need to address deepfake image-based sexual abuse and a White House Call to Action to reduce these risks, leading AI developers and data providers made voluntary commitments to curb the creation of AI-generated image-based sexual abuse material. Additionally, the Department of Justice (DOJ) funded the first-ever helpline to provide 24/7 support and specialized services for victims of the non-consensual distribution of intimate images, including deepfakes. The Department of Education also clarified that school responsibilities under Title IX may extend to conduct that takes place online, including AI-generated abuse.
Established the AI Safety and Security Board (AISSB) to advise the Secretary of Homeland Security on the safe and secure use of AI in critical infrastructure. The AISSB has met thrice this year to develop a set of recommendations for entities that develop, deploy, and promote accountability for AI systems that assist in delivering essential services to millions of Americans. The work of the AISSB complements DHS’s first-ever AI safety and security guidelines for critical infrastructure owners and operators, which were informed by agencies’ assessments of AI risks across all critical infrastructure sectors. To help protect critical infrastructure further, the Department of Treasury released a report on managing security risks of AI use in the financial sector, and the Department of Energy released an assessment of potential risks to the power grid, as well as ways in which AI could potentially strengthen grid resilience and our ability to respond to threats.
Piloted AI for protecting vital government software systems. The Department of Defense and DHS conducted AI pilots to address vulnerabilities in government networks used, respectively, for national security purposes and for civilian governmental organizations.
Standing up for Workers, Consumers, Privacy, and Civil RightsAI is changing the products and services Americans buy, affecting jobs and workplaces, and introducing or exacerbating risks to privacy, equity, and civil rights. President Biden’s Executive Order stands up for Americans in each of these domains, and over the last year, agencies have:
Developed bedrock principles and practices, along with guidance, to help protect and empower workers as AI is built for and used in the workplace. The Department of Labor (DOL) released AI Principles and Best Practices for employers and developers to build and use AI in ways that center the wellbeing of workers and improve the quality of jobs. DOL also published two guidance documents to assist federal contractors and employers in complying with worker protection laws as they deploy AI in the workplace. In addition, the Equal Employment Opportunity Commission released resources for job seekers and workers to understand how AI use could violate employment discrimination laws.
Protected patients’ rights and safety, while encouraging innovation, as AI is developed and deployed for healthcare. The Department of Health and Human Services (HHS) established an AI Safety Program to track harmful incidents involving AI’s use in healthcare settings and to evaluate mitigations for those harms. HHS has also developed objectives, goals, and high-level principles for the use of AI or AI-enabled tools in drug development processes and AI-enabled devices. Additionally, HHS finalized a rule that established first-of-its-kind transparency requirements for AI and other predictive algorithms that are part of certified health information technology. HHS also finalized a civil rights regulation, implementing Section 1557 of the Affordable Care Act, that requires covered health care entities to take steps to identify and mitigate discrimination when they use AI and other forms of decision support tools for care.
Published guidance and resources for the safe, secure, and trustworthy design and use of AI in education. In July, the Department of Education released guidance calling up on educational technology developers to design AI in ways that protect rights, improve transparency, and center teaching and learning. This month, the Department of Education released a toolkit to support schools and educational leaders in responsibly adopting valuable AI use cases.
Issued guidance on AI’s nondiscriminatory use in the housing sector, which affirms that existing prohibitions against discrimination apply to AI’s use for tenant screening and housing advertisements, while explaining how to comply with these obligations. Additionally, the Consumer Financial Protection Bureau approved a rule requiring that algorithms and AI used for home valuations are fair, nondiscriminatory, and free of conflicts of interest.
Set guardrails on the responsible and equitable use of AI and algorithmic systems in administering public benefits programs. The Department of Agriculture’s guidance provides a framework for how State, local, Tribal, and territorial governments should manage risks for uses of AI and automated systems in critical benefits programs such as SNAP, while HHS released a plan with guidelines on similar topics for benefits programs it oversees.
Affirmed commitments to prevent and address unlawful discrimination and other harms resulting from AI. DOJ’s Civil Rights Division convenes federal agency civil rights offices and senior government officials to foster AI and civil rights coordination. Five new agencies also joined a 2023 pledge to uphold America’s commitment to fairness, equality, and justice as new technologies like AI become more common in daily life.
Advanced privacy protections to safeguard Americans from privacy risks that AI creates or exacerbates. In particular, the National Science Foundation (NSF) and DOE established a research network dedicated to advancing the development, deployment, and scaling of privacy-enhancing technologies (PETs), while NSF launched the $23 million initiative Privacy-preserving Data Sharing in Practice program to apply, mature, and scale PETs for specific use cases and establish testbeds to accelerate their adoption. Simultaneously, DOE launched a $68 million effort on AI for Science research, which includes efforts at multiple DOE National Laboratories and other institutions to advance PETs for scientific AI. The Department of Commerce also developed guidelines on evaluating differential privacy guarantees. The Office of Management and Budget (OMB) released a Request for Information (RFI) on issues related to federal agency collection, processing, maintenance, use, sharing, dissemination, and disposition of commercially available information containing personally identifiable information. OMB also released an RFI on how federal agencies’ privacy impact assessments may be more effective at mitigating privacy risks, including those that are further exacerbated by AI and other advances in technology and data capabilities.
Harnessing AI for GoodOver the last year, agencies have worked to seize AI’s enormous promise, including by collaborating with the private sector, promoting development and use of valuable AI use cases, and deepening the U.S. lead in AI innovation. To harness AI for good, agencies have:
Launched the National AI Research Resource (NAIRR) pilot and awarded over 150 research teams access to computational and other AI resources. The NAIRR pilot—a national infrastructure led by the National Science Foundation (NSF) in partnership with DOE and other governmental and nongovernmental partners—makes available resources to support the nation’s AI research and education community. Supported research teams span 34 states and tackle projects covering deepfake detection, AI safety, next-generation medical diagnoses, environmental protection, and materials engineering.
Promoted AI education and training across the United States. DOE is leveraging its network of national laboratories to train 500 new researchers by 2025 to meet demand for AI talent, while NSF has invested millions of dollars in programs to train future AI leaders and innovators. These programs include the EducateAI initiative, which helps fund educators creating high-quality, inclusive AI educational opportunities at the K-12 through undergraduate levels that support experiential learning in fields such as AI and build capacity in AI research at minority-serving institutions.
Expanded the ability of top AI scientists, engineers, and entrepreneurs to come to the United States, including by clarifying O-1 and H-1B visa rules and working to streamline visa processing.
Released a report on the potential benefits, risks, and implications of dual-use foundation models for which the model weights are widely available, including related policy recommendations. The Department of Commerce’s report draws on extensive outreach to experts and stakeholders, including hundreds of public comments submitted on this topic.
Announced a competition for up to $100 million to support the application of AI-enabled autonomous experimentation to accelerate research into—and delivery of—targeted, industry-relevant, sustainable semiconductor materials and processes.
Established two new National AI Research Institutes for building AI tools to advance progress across economic sectors, science, and engineering. The NSF-led AI Research Institutes launched in September will develop AI tools for astronomical sciences, with broader applications across scientific disciplines. Earlier this year, NSF also funded 10 inaugural Regional Innovation Engines (NSF Engines), seven of which include a focus on advancing AI.
Announced millions of dollars in further investments to advance responsible AI development and use throughout our society. These include $13 million invested by DOE in the VoltAIc initiative for using AI to streamline permitting and accelerate clean energy deployment, as well as $68M from DOE to fund AI for scientific research to accelerate scientific programming and develop energy efficient AI models and hardware. DOE has also launched the Frontiers in AI for Science, Security, and Technology (FASST) initiative roadmap and request for information to harness AI for scientific discovery, national security, energy and electric grid resilience, and other national challenges, building on AI tools, models, and partnerships. NSF, in partnership with philanthropy, announced an inaugural investment of more than $18 million to 44 multidisciplinary, multi-sector teams across the U.S. to advance the responsible design, development, and deployment of technologies including AI, ensuring ethical, legal, community, and societal considerations are embedded in the lifecycle of technology’s creation.
Issued a first-ever report analyzing AI’s near-term potential to support the growth of America’s clean energy economy. DOE’s National Laboratories also issued a long-term grand challenges report identifying opportunities in AI for energy over the next decade.
Released a vision for how AI can help us achieve our nation’s greatest aspirations. AI Aspirations sets forth goals to create a future of better health and opportunity for all, mitigate climate change and boost resilience, build robust infrastructure and manufacturing, ensure the government works for every American, and more. In furtherance of these goals, HHS launched CATALYST, a research and development program focused on the potential use of AI to better predict drug safety and efficacy before clinical trials start. In complement, the President’s Council of Advisors on Science and Technology also authored a report outlining AI’s potential to revolutionize and accelerate scientific discovery.
Published guidance addressing vital questions at the intersection of AI and intellectual property. To advance innovation the U.S. Patent and Trademark Office (USPTO) has released guidance documents addressing the patentability of AI-assisted inventions, on the subject matter eligibility of patent claims involving inventions related to AI technology, and on the use of AI tools in proceedings before USPTO.
Bringing AI and AI Talent into GovernmentAI can help government deliver better results for the American people, though its use by Federal agencies can also pose risks, such as discrimination and unsafe decisions. Bringing AI and AI-enabling professionals into government, moreover, is vital for managing these risks and opportunities and advancing other critical AI missions. Over the last year, agencies have:
Issued the first-ever government-wide policy to strengthen governance, mitigate risks, and advance innovation in federal use of AI. OMB’s historic policy, M-24-10, requires agencies to implement concrete safeguards when using AI in a way that could impact Americans’ rights or safety. These safeguards include a series of mandatory risk management practices to reliably assess, test, and monitor AI’s impacts on the public and provide greater transparency into how the government uses AI. OMB’s policy also directs agencies to designate Chief AI Officers to coordinate the use of AI across their agency, while expanding and upskilling their AI workforce and removing barriers to adopting AI for all manner of purposes—from addressing climate change to advancing public health and safety.
Released a government-wide policy to advance responsible acquisition of AI by Federal agencies. M-24-18, published this month by OMB, helps ensure that when Federal agencies acquire AI, they have the information and tools necessary to manage risks, promote a competitive marketplace, and collaborate on strategic planning. This work directs the Federal government—the largest buyer in the U.S. economy—to advance AI innovation and risk management through responsibly exercising its purchasing power.
Hired over 250 AI practitioners into the Federal government through the AI Talent Surge. Tech talent programs ramped up hiring for AI talent, with the Presidential Innovation Fellows bringing on their first-ever AI cohort, DHS establishing their AI Corps with over 30 members onboarded to date, and the U.S. Digital Corps providing pathways for early-career technologists to join Federal service. AI talent has been instrumental in delivering on critical AI priorities, from using AI to deliver top-tier government services, to protecting the public’s rights and safety in the use of AI.
Established the Chief AI Officers Council to harmonize best practices and sharing of resources across the interagency to implement OMB’s guidance and coordinate the development and use of AI in agencies’ programs and operations.
Introduced expanded reporting instructions for the federal AI use case inventory to include identifying use cases that impact rights or safety and how the agency is addressing the relevant risks in line with OMB’s policies.
Bolstered the public interest technology ecosystem. Building on the AI Talent Surge, the White House announced funding across government, academia, and civil society to support education and career pathways that will help ensure government has access to diverse, mission-oriented technology talent.
Activated new hiring authorities to bring AI and AI-enabling talent into agencies. As part of the AI Talent Surge, the Office of Personnel Management (OPM) granted new hiring authorities, including direct hire authorities and excepted service authorities, for agencies to rapidly bring on top-tier AI and AI-enabling talent, and released guidance on skills-based hiring and pay and leave flexibilities to best position agencies to hire and retain AI and AI-enabling talent. Additionally, OPM collaborated with partners to run three National Tech to Gov career fairs to connect the public with AI and tech jobs in government, surfacing roles from over 64 Federal, state, and local government employers to over 3,000 job seekers.
Advancing U.S. Leadership AbroadPresident Biden’s Executive Order directed work to lead global efforts to capture AI’s promise, mitigate AI’s risks, and ensure AI’s responsible governance. To advance these goals, the Administration has:
Sponsored and passed a landmark United Nations General Assembly resolution. The unanimously adopted resolution, with more than 100 co-sponsors (including the People’s Republic of China), lays out a common vision for countries around the world to promote the safe and secure use of AI to address global challenges.
Engaged foreign leaders on strengthening international rules and norms for AI, including at the 2023 UK AI Safety Summit and the AI Seoul Summit in May 2024, where Vice President Harris represented the United States. In the United Kingdom, Vice President Harris unveiled a series of U.S. initiatives to advance the safe and responsible use of AI, including the establishment of AISI at the Department of Commerce.
Announced a global network of AI Safety Institutes and other government-backed scientific offices to advance AI safety at a technical level. This network, which will formally launch in November at the inaugural network convening in San Francisco, will accelerate critical information exchange and drive toward common or compatible safety evaluations and policies.
Expanded global support for the U.S.-led Political Declaration on the Responsible Military Use of Artificial Intelligence and Autonomy. Fifty-six nations now endorse the political declaration, which outlines a set of norms for the responsible development, deployment, and use of military AI capabilities. DoD has expanded the scope of its international AI Partnership for Defense to align global Responsible AI practices with the Political Declaration’s norms.
Developed comprehensive plans for U.S. engagement on global AI standards and AI-related critical infrastructure topics. NIST and DHS, respectively, will report on priority actions taken per these plans in 90 days.
Signed the Council of Europe’s Framework Convention on AI and Human Rights, Democracy, and the Rule of Law. This first multilateral treaty on AI represents a powerful affirmation of the relevance of existing human rights obligations to AI activities and establishes a strong baseline in international law for responsible government use of AI. The United States’ signature reflects its commitment to ensuring that AI technologies are designed, developed, used, and governed in ways that promote respect for human rights and democratic values.
Led the development of a Joint Statement on Responsible Government Practices for AI Technologies. The Joint Statement, to which the 41 countries of the Freedom Online Coalition committed, calls on governments to develop, use, and procure AI responsibly, including by respecting international obligations and commitments, assessing impacts of AI systems, conducting ongoing monitoring, ensuring adequate human training and assessment, communicating and responding to the public, and providing effective access to remedy.
Launched the Global Partnership for Action on Gender-Based Online Harassment and Abuse. The 15-country Global Partnership has advanced international policies to address online safety, and spurred new programs to prevent and respond to technology-facilitated gender-based violence, including through AI.
The Department of State and the U.S. Agency for International Development published resources to advance global AI research and use of AI for economic development. The AI in Global Development Playbook incorporates principles and practices from NIST’s AI Risk Management Framework to guide AI’s responsible development and deployment across international contexts, while the Global AI Research Agenda outlines priorities for advancing AI’s safe, responsible, and sustainable global development and adoption.
The table below summarizes many of the activities that federal agencies have completed in response to the Executive Order.

MIL OSI USA News –

January 25, 2025
MIL-OSI: Prairie Provident Announces Management and Board of Director Changes and Drilling Update

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk’s resignation, the Company announces the appointment of Dale Miller as Executive Chairman, succeeding Patrick McDonald who has retired as Chairman. Mr. Miller has served as a director of the Company since August 2023 and is a professional engineer with over 40 years of industry experience. As Executive Chairman, Mr. Miller will oversee all activities of Prairie Provident and lead its management team.

Prairie Provident is also pleased to announce that Amber Wright has been appointed as Vice President, Operations & Engineering. Ms. Wright will be responsible for all development, production operations and engineering activities of Prairie Provident and report to Mr. Miller. Ms. Wright has served the Company as Manager, Development & Operations since November 2021 and is a professional engineer with over 25 years of industry experience.

The Company is also pleased to announce the commencement of the two well drilling program in the Michichi area, targeting the Basal Quartz formation. The 102/03-19-030-18W4M new drill has been rig released and drilling operations are underway on the second location, 15-32-029-18W4M.

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: investor@ppr.ca

The MIL Network –

January 25, 2025
MIL-OSI: Nokia selected to lead European lighthouse project on 6G sustainability
Source: GlobeNewswire (MIL-OSI)

Press Release

Nokia selected to lead European lighthouse project on 6G sustainability
- SUSTAIN-6G will evaluate and explore sustainable 6G technologies, methods and use cases touching on environmental, economic and societal needs
- The consortium will work out solutions for three specific areas of sustainable development: energy smart grids, e-health and telemedicine, and agriculture
30 October 2024
Espoo, Finland – Nokia today announced that the Smart Networks and Services Joint Undertaking (SNS JU) has selected Nokia to be the coordinator of the SUSTAIN-6G lighthouse project. The SNS-JU is a public-private partnership funded by the European Commission. Nokia will lead a consortium of innovators that will identify how 6G can play a key role in building a sustainable future, addressing not only environmentally sustainable, but also economically and societally sustainable technologies.

One of the main goals of SUSTAIN-6G is to develop new solutions for meeting sustainability challenges using the toolkit that 6G will offer. The consortium will devote considerable time to working out use cases for three targeted areas, drawn from the United Nations’ Sustainable Development Goals:
- Energy smart grid: The consortium will explore how 6G could be used to create microgrids that manage electricity demand. SUSTAIN-6G will also investigate the use of AI technologies for real-time control of distribution networks. This could lead to more efficient and resilient grids that minimize disruptions while providing the flexibility to draw energy from diverse sources as the world transitions to renewables like solar and wind.
- E-Health and telemedicine: The consortium will generate new ideas on how 6G can make digital health more inclusive. 6G infrastructure could not only provide a far-reaching infrastructure for securely transmitting and analyzing medical data, but it also could be the foundation for new home-based online assessment services. These networks could improve the diagnosis and treatment process in underserved communities. Meanwhile AI could help detect disease outbreaks at early stages.
- Agriculture: The consortium will investigate how 6G connectivity could be allocated on a temporary basis to enable smart agricultural applications that require high bandwidth, sensing, telemetry, data analytics and automation. For instance, 6G’s edge cloud capabilities could be harnessed to handle high-priority farming-equipment automation tasks during harvests or provide advanced processing capabilities that integrate data from field sensors, climate stations, soil analysis and satellite imagery to provide contextualized information during the growing season.
As a lighthouse project, SUSTAIN-6G will be one of the SNS JU’s most highly visible initiatives, and it is the third major European 6G research consortium that Nokia has been selected to lead. The others are Hexa-X and Hexa-X-II, which laid the groundwork for 6G pre-standardization and use cases respectively.

SUSTAIN-6G has broad representation from industry and academia. The consortium includes network equipment and services vendors, communications services providers, industrial equipment manufacturers, European research institutions and universities, and many small-and medium-sized enterprises. SUSTAIN-6G will kick off in January of 2025 and is scheduled to complete its work in 2027.

Peter Merz, Vice President of Nokia Standards, said: “The UN Paris Agreement committed the world to combatting climate change. Every industry must do its part. SUSTAIN-6G will show how the communications industry will apply the next generation of networking to creating that sustainable future, overcoming not just environmental challenges but societal and economic challenges as well.”

Resources and additional information
Webpage: Nokia Sustainability
Webpage: What is 6G?

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

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

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

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

Follow us on social media
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The MIL Network –
January 25, 2025
MIL-OSI: Jitterbit Expands Global Availability of 24-7 Customer Support with Live Agents, Professional Services
Source: GlobeNewswire (MIL-OSI)

ALAMEDA, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced the global expansion of its Premier Support program to provide businesses with enhanced “follow-the-sun” service and expert issue resolution.

Jitterbit’s Premier Support program offers flexible, tiered options that provide 24-7 access to experts for troubleshooting mission-critical operations, reducing downtime and ensuring business continuity.

“Immediate access to expert support is crucial for seamless business operations,” said Keith Trottier, SVP of Global Customer Support and Professional Services at Jitterbit. “Our Premier Support program delivers tailored, high-quality service — when it’s needed most — to quickly resolve issues and minimize disruption.”

First announced in May 2024, Premier Support is available via three tiers, which now support all time zones globally to meet the diverse needs of organizations. Customers can choose from:
- Premier: foundational tier that offers reliable support with new phone access to Jitterbit experts, ensuring timely assistance for core operational issues.
- Premier Plus: enhanced tier that includes all the benefits of Premier, with added 24-7 live agent support for faster response times.
- Premier Enterprise: top-tier service designed for enterprise-level customers, providing live support for all severity levels, with phone access to expert agents 24-7.
For more information about Jitterbit Premier Support, visit jitterbit.com/premier-support.

Industry Recognition for Outstanding Customer Support

Jitterbit has consistently earned accolades for its exceptional customer service, underscoring the company’s dedication to delivering top-tier support. In 2024, Jitterbit received ‘Best Customer Support’ honors from Gartner Digital Markets for its Electronic Data Interchange (EDI) solution.

The company was also recognized with G2 Fall 2024 badges for ‘Easiest to Do Business With’ and ‘Best Support’ for Workplace Innovation Platforms for App Builder. Additionally, Jitterbit won a Silver Stevie Award in 2023 for ‘Customer Service Department of the Year.’

Enhanced Services Expands to Full Harmony Platform

In addition to the Premier Support follow-the-sun offering, Jitterbit is announcing that its Enhanced Services — previously only for iPaaS — is now available across the entire unified, AI-infused low-code Harmony platform.

Jitterbit Enhanced Services provides experts to help lighten the load on IT departments by providing tailored service and guidance to ensure that Harmony runs smoothly and efficiently. This service bridges skills gaps, controls costs, and offers immediate expertise. Jitterbit Enhanced Services include:
- Direct access to Subject Matter Experts (SMEs)
- Recommendations to optimize platform performance, scalability, and uptime
- Health checks to assess critical business functions and streamline workflows
- Architecture consulting and private agent software installation and upgrades
To learn more about Enhanced Services, visit jitterbit.com/service/enhanced-services/.

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

Media Contact:
Laura Hunter
Head of Communications
Jitterbit
310-344-6426
laura.hunter@jitterbit.com

The MIL Network –
January 25, 2025
MIL-OSI Banking: Future of IVD hinges on three big industry themes, says GlobalData

Source: GlobalData

Future of IVD hinges on three big industry themes, says GlobalData

Posted in Medical Devices

In vitro diagnostics (IVD) is driving a new age shift in healthcare, fueled by advances in medical technology (medtech). These innovations are revolutionizing how diseases are detected, monitored, and managed. At the recent AdvaMed’s MedTech Conference in Toronto, digital and artificial intelligence (AI) integration, point-of-care (POC) testing, and novel biomarkers were emphasized as important tools in improving the precision and accessibility of medical care. The focus on these innovations will support disease detection, enable earlier diagnosis, personalized treatments, improve patient outcomes, and expand healthcare access, according to GlobalData, a leading data and analytics company.

Expert speakers at the conference this year emphasized the need to bridge the gap between patients and healthcare. Manufacturers like Hologic focused on the lack of cytologists, which leads to delays in cervical cancer screening. To address this, they created an AI-led platform that streamlines and identifies abnormal cell samples to save cytologists’ time.

Other companies like Solventum and GE Healthcare highlighted that AI can be utilized as an administration tool by helping medical professionals with patient notes and documentation, manufacturer inventory management, managing waste in manufacturing factories, and improving customer product delivery. The main factors considered for improving medical care are, how can we serve patients better, maximize healthcare professional (HCP) time and expertise, and doing all this with existing regulations.

Selena Yu, Senior Medical Analyst, at GlobalData, comments: “Decentralized testing is the key to improving patient access to care, detecting diseases earlier, and monitoring patients. These POC tests include over the counter (OTC) tests, direct-to-consumer (DTC) tests, and tests done at patient side, which are typically performed by non-HCPs. The seminar speakers stressed the ongoing issue of healthcare “deserts” and how expanding alternate care outside of doctor offices is crucial to reach these at-risk populations.”

The lack of reimbursement for POC tests remains a significant barrier, even though access to care is improved when individuals can buy STI tests at local pharmacies. Without reimbursement, however, this convenience adds another layer of inaccessibility. The overall goal for increased decentralized testing is to bridge the gap between patients and healthcare systems so that more individuals are aware of their health status.

Moreover, experts in the IVD sector—including manufacturers, laboratories, and investors—highlighted key markets for future growth at AdvaMed’s MedTech Conference. The major focus areas included women’s health, neurology, autoimmunity, minimal residual disease, sepsis, and cancer screening especially liquid biopsy. Both speakers and attendees stressed the importance of clinical utility in developing IVDs, emphasizing the need for test results to be actionable, for appropriate actions to be taken based on those results, and for these actions to ultimately improve patient outcomes.

Yu concludes: “Innovation in IVD is growing particularity in digital and AI integration into healthcare, POC testing, and novel biomarkers. This will aid in disease detection, monitoring, and management, enabling earlier diagnosis, personalized treatments, improving patient prognosis, and increasing patient access to healthcare.”

MIL OSI Global Banks –

January 25, 2025
MIL-OSI Economics: Tech startups well placed to proliferate in Africa as digitalization enables growth in greenfield projects, says GlobalData

Source: GlobalData

Tech startups well placed to proliferate in Africa as digitalization enables growth in greenfield projects, says GlobalData

Posted in Technology

With digitalization as a key enabler of organic growth in greenfield projects in Africa, technology startups are well placed to capitalize on the desire of larger and established corporations wanting to move into various enterprise technologies in the region, according to research conducted by GlobalData, a leading data and analytics company.

Recent tie ups – including Safaricom’s deal with Kenyan SaaS startup tappi, American security firm Unartificial Labs tapping Tunisian startup Enova Robotics, and British payment processing firm partnership and financial inclusion firm Paymentology partnering with Zambian fintech startup Union54 – point to this trend.

Ismail Patel, Senior Analyst, Enterprise Technology and Services at GlobalData, says: “Africa remains a price-sensitive market not only for consumers but also for corporate buyers. This means that technology enablement beyond the deployment of costly physical infrastructure will be a space occupied by smaller vendors who are both less costly and seeking to build their own profiles in the region.”

GlobalData analysis finds Africa is seeing burgeoning growth in the number of tech startups across cybersecurity, IoT, fintech, SaaS, APIs, analytics, blockchain, and AI. Mergers and acquisitions (M&A) activity associated with these startups has picked up over the past decade, and the number of contractual deals with startups, both inside Africa and beyond, is growing.

The expectation is that this expansion will continue to grow as there is plenty of room for organic growth across key sectors, including rural communities and SMBs (small and medium businesses), where digitalization is a prime enabler for next-gen technology adoption and boosting national economies. Still, the key buyers for these startups will remain the large African corporate enterprises looking to either partner with them or bring them in-house via acquisition.

Patel concludes: “Egypt, South Africa, Nigeria, Kenya, and Tunisia have emerged as the tech startup capitals across Africa. Tech enablement is being fueled by capital raising success stories across the board, from debt financing and governmental grants to angel and venture capital investments, all of which are encouraging the startup trends. In its own way, the region is responding to the global technological boom.”

MIL OSI Economics –

January 25, 2025
MIL-OSI Economics: Northern Ireland Named As The UK’s Future ‘Silicon Valley’

Source: Samsung

LONDON, UK – October 30, 2024 – Samsung Electronics Co. (UK) Ltd has unveiled that Northern Ireland is set to become the ‘Silicon Valley’ of the United Kingdom, with a staggering 77% of young people in the country looking to pursue a career in technology. The findings align with data from the Intellectual Property Office, which shows that patent applications have increased by 33% in Northern Ireland between 2022-23, compared to an increase of just 11% in London.

Whilst a high proportion of young people living in the Capital are considering working in technology (69%), other potential hotbeds for future innovators include the West Midlands (63%), North-East (63%), East of England (62%), East Midlands (61%) and Yorkshire and The Humber (57%).

In terms of cities, Coventry scored highly (79%), with Cambridge (76%) and Birmingham (71%) also being seen as future hotbeds for inventions and tech.

When it comes to motivation, almost half (48%) of young people polled were confident that they could invent or develop a technology product that would positively impact society. This desire for ‘tech for good’ can also be seen amongst the 85% of young people who believe that a career in technology would allow them to positively contribute to society, and the 20% who would be interested in working in tech start-ups with societal purpose. Other key areas of technology young people aspire to have a career in include app development (41%), cybersecurity (35%), AI for Good (31%) and health-based technology (30%).

The findings have been released as Samsung launches its fifth Solve for Tomorrow competition, which aims to find and support young innovators across the UK.

The research revealed that although young people are particularly ambitious when it comes to their ability to make positive change to the world through tech, they are facing challenges in making this a reality. In fact, the study found 39 per cent of those polled believe there are too few resources for them to make a change in society through technology. This is despite a third (33%) believing they have what it takes to create the next big tech invention.

Breaking Barriers To Entry

Despite the ambition of young people across the country, there’s still a strong sense that making a change in the world through tech isn’t an option for everyone. When asked, 96% of young people believed there are barriers to entering the tech industry, and 65% believe that their personal background impacts their ability to harness their creativity through tech.

A lack of education (40%), practical experience (36%) and lack of contacts or mentors in the industry (31%) were listed as the top barriers to entry for young people.

Samsung’s Solve for Tomorrow competition asks 16–25-year-olds to come up with ideas that help solve societal challenges, then help bring them to life through offering free educational workshops, mentoring, funding and support.

Commenting on the competition launch, Soohyun Jessie Park, Head of Corporate Social Responsibility at Samsung Electronics UK, said: “We’re beyond excited to kick-off our fifth year of Solve for Tomorrow. Innovation is for everyone and no young person should ever feel discouraged to pursue a good idea. This is why we’re proud to be working with our partners Social Mobility Foundation and InnovateHer again this year. Our research shows the UK is full of young people with confidence and potential, but they still feel like they don’t have the support they need to make a difference through tech. That’s what the Solve for Tomorrow programme aims to address.”

Applications to the competition are now open, following a panel discussion launch event held at Samsung KX to inspire future changemakers, and featuring rapper and entrepreneur, Krept. The competition offers two age categories – 16-18 and 18-25. Winning teams in both categories receive £10,000 cash prize in funding, and three months expert mentoring with a personalised action plan, to help bring their ideas to life. Young people across the country can visit the Solve For Tomorrow website for more information, and enter here.

About his role as a Solve for Tomorrow ambassador, British musician, broadcaster and entrepreneur, Krept. said: “As an entrepreneur, I’ve been in the position where you have an idea but you don’t know how to make it a reality. It’s a struggle everyone faces, but unfortunately, it’s easier for some to get around that than others. Programmes like Solve for Tomorrow from Samsung are great – they help remove the barriers young people face, whether it’s not having a degree or not knowing the right person – I’m thrilled to be involved in this initiative.”

Talking at the panel event at KX, Sarah Atkinson, CEO of Social Mobility Foundation, said of the programme partnership: “Talent is everywhere, but opportunity is not. At The Social Mobility Foundation, we work towards creating a culture where young people from all social backgrounds can thrive, leading to more representation and innovation. Solve for Tomorrow equips and empowers young minds to create solutions to real-world issues and we are proud to be partnering again with Samsung on this exciting initiative.”

Chelsea Slater, CEO at InnovateHer, also commented: “We’re thrilled to partner with Samsung on the Solve for Tomorrow initiative, which aligns perfectly with InnovateHer’s mission to empower the next generation of diverse innovators. This programme gives young people, especially girls, the opportunity to tackle real-world problems using technology, while building essential skills for the future. By working together, we’re ensuring that more young women are inspired, included, and equipped to lead in the tech industry—helping to create a more inclusive and innovative future for everyone.”

To enter this year’s competition, go to: www.samsung.com/uk/solvefortomorrow/competition/

Methodology Consumer research was commissioned to 1,000 UK teenagers aged 13-19 between the 4th and 10th October 2024 by OnePoll. Onepoll are members of ESOMAR and comply with the ESOMAR guidelines for online research.
Patent information was obtained via the Intellectual Property Office.

MIL OSI Economics –

January 25, 2025
MIL-OSI Asia-Pac: TRAI releases Consultation Paper on ‘Framework for Service Authorizations for provision of Broadcasting Services under the Telecommunications Act, 2023’

Source: Government of India (2)

Posted On: 30 OCT 2024 1:06PM by PIB Delhi

The Telecom Regulatory Authority of India (TRAI) has today released a Consultation Paper on ‘Framework for Service Authorizations for provision of Broadcasting Services under the Telecommunications Act, 2023’.

The Ministry of Information and Broadcasting (MIB) through a letter dated 25^th July 2024, sent a reference to TRAI informing that the Telecommunications Act, 2023 has been published in the Official Gazette of India. Section 3(1)(a) of the Telecommunications Act, 2023, which is yet to be notified, provides for obtaining an authorization by any entity/ person intending to provide telecommunication services, subject to such terms and conditions, including fees or charges, as may be prescribed.

In respect of the broadcasting services, the reference has apprised that many broadcasting platforms (which employ radio waves and spectrum for offering services) viz. DTH, HITS, IPTV, Uplinking/Downlinking of television channels (including teleports), SNG, DSNG, Community Radio, FM Radio etc. are issued license/ permission/ registration by MIB under Section 4 of the Indian Telegraph Act, 1885, which is replaced by the Telecommunications Act, 2023.

The Ministry also shared a background note providing the details of the policy guidelines of various licenses/ permissions/ registrations issued by MIB and the relevant sections of the Telecommunications Act, 2023 that may have a bearing on the terms and conditions of authorizations.

MIB, through the said letter dated 25.07.2024, under Section 11(1)(a) of the TRAI Act, 1997, requested TRAI to provide its recommendations on the terms and conditions, including fees or charges; for authorization to provide broadcasting services, with the objective of aligning it to the Telecommunications Act, 2023 and harmonizing the terms and conditions across various service providers, so that the terms and conditions for the authorizations of broadcasting services may be notified as Rules under the Telecommunications Act, 2023.

Accordingly, a Consultation Paper on ‘Framework for Service Authorizations for provision of Broadcasting Services under the Telecommunications Act, 2023’ has been placed on the TRAI’s website (www.trai.gov.in) for seeking comments/ counter comments from the stakeholders. Written comments on the issues raised in the Consultation Paper are invited from stakeholders by 20^th November 2024 and counter-comments by 27^th November 2024, respectively.

The comments/ counter-comments may be sent, preferably by email to advbcs-2@trai.gov.in and jtadvisor-bcs@trai.gov.in. For any clarification/ information, Shri Deepak Sharma, Advisor (Broadcasting & Cable Services), TRAI may be contacted at Tel. No. +91-11- 20907774.

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SB/DP/ARJ

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MIL OSI Asia Pacific News –

January 25, 2025
MIL-OSI USA: DLNR News Release – STATEWIDE CELEBRATIONS FOR ARBOR DAY THIS WEEKEND, Oct. 29, 2024
Source: US State of Hawaii

DLNR News Release – STATEWIDE CELEBRATIONS FOR ARBOR DAY THIS WEEKEND, Oct. 29, 2024

Posted on Oct 29, 2024 in Latest Department News, Newsroom

DEPARTMENT OF LAND AND NATURAL RESOURCES

JOSH GREEN, M.D.
GOVERNOR

DAWN CHANG
CHAIRPERSON

NEWS RELEASE

FOR IMMEDIATE RELEASE

October 29, 2024

STATEWIDE CELEBRATIONS FOR ARBOR DAY THIS WEEKEND

(HONOLULU) – Arbor Day in Hawaiʻi is Nov. 2, a day to honor and celebrate trees where we live, work, learn and play. Communities across the state are hosting a variety of tree-focused events this Saturday with tree giveaways, educational booths, and volunteer tree plantings.

Kaulunani, the urban and community forestry program of the DLNR Division of Forestry and Wildlife (DOFAW), supports various Arbor Day events annually. This year promises a range of opportunities for participants to connect with trees, from learning about those that provide food to native trees that thrive in Hawaiʻi and support unique ecosystems.

In South Kona on Hawaiʻi Island, the Hawaiʻi ʻUlu Cooperative and Amy Greenwell Ethnobotanical Garden are partnering to host an Arbor Day celebration that focuses on food security and building community. The event will take place at the Greenwell Garden on Nov. 2, from 9 a.m. to 2 p.m. and feature a native plant sale, food trucks, hula, music, keiki activities, garden tours and more.

“Growing ʻulu enhances community wellbeing and culture by providing connection to place, local history and nourishment,” said Dana Shapiro, co-founder and CEO of the Hawaiʻi ʻUlu Cooperative. “The West Hawaiʻi community historically supported Kaluʻulu, one of the largest ʻulu agroforests of Hawaiʻi, and we want to educate residents about this historic region and its past agricultural abundance.”

Community members are encouraged to bring family and friends. At many events, local experts will be on hand to share their experience and insights.

“We invite all residents to come together to plant trees and grow our shared community forests in Hawaiʻi,” said Dr. Heather McMillen, DOFAW urban and community forester. “Every tree we plant and care for contributes to the health of our islands and creates a hopeful future for our keiki.”

Events across the state on Nov. 2 include:
- Kauaʻi: Garden Island Resource Conservation & Development will host its annual tree giveaway and education event at Kukui Grove Shopping Center in Līhuʻe.
- Oʻahu: The Urban Garden Center in Pearl City will give away grafted fruit trees.
- Molokaʻi: Molokaʻi Land Trust in Kualapuʻu will host its second annual native tree giveaway.
- Maui: Maui Nui Botanical Gardens in Kahului will host its annual Arbor Day Garden Expo & tree giveaway.
For additional information and to find an event near you, visit Kaulunani.org to view a list of celebrations by island and location.

# # #

RESOURCES

(All images/video courtesy: DLNR)

Photographs – Arbor Day 2024 (various):

https://www.dropbox.com/scl/fo/j6cpflo99mbbkpdg5bbjq/AFT3-aUA1hqYhhK8gLYkZJ4?rlkey=2qbl9bg9dgogrb6cep6nc5zsw&st=cyiggymo&dl=0

Arbor Day Hawaiʻi Kaulunani Website: https://dlnr.hawaii.gov/forestry/lap/kaulunani/arbor-day-in-hawaii/

Benefits of Trees: https://dlnr.hawaii.gov/forestry/lap/kaulunani/why-trees/ https://vibrantcitieslab.com/

Sign up to receive an ʻulu tree at the South Kona Arbor Day event: https://docs.google.com/forms/d/e/1FAIpQLSdvYOWhL7zuaG6SQcUD8jwJE0stErcU2AQXKlp_vIw_rGLOfA/viewform?usp=sf_link

Media Contact:

Ryan Aguilar

Communications Specialist

Hawaiʻi Dept. of Land and Natural Resources

808-587-0396

[email protected]

MIL OSI USA News –
January 25, 2025
MIL-OSI USA: DLNR News Release – COMMUNITY CLIMATE FAIR COMING TO KAUAʻI, Oct. 29, 2024

Source: US State of Hawaii

DLNR News Release – COMMUNITY CLIMATE FAIR COMING TO KAUAʻI, Oct. 29, 2024

Posted on Oct 29, 2024 in Latest Department News, Newsroom

DEPARTMENT OF LAND AND NATURAL RESOURCES

JOSH GREEN, M.D.
GOVERNOR

DAWN CHANG
CHAIRPERSON

NEWS RELEASE

FOR IMMEDIATE RELEASE

October 29, 2024

COMMUNITY CLIMATE FAIR COMING TO KAUAʻI NOV. 2

(LĪHUʻE) – Kauaʻi residents are encouraged to attend the Community Climate Fair on Saturday, Nov. 2, from 11 a.m. to 2 p.m. at Kukui Grove Shopping Center in Līhuʻe. The Hawaiʻi State Climate Change Mitigation and Adaptation Commission (CCMAC) and several partners are hosting the free, family friendly event that’s a first for the island.

Interactive booths will display the many ways the state, counties and community organizations are working to address climate change across Hawaiʻi.

The fair will provide networking opportunities for participation at future beach cleanups, native reforestation efforts, and other volunteer initiatives. Attendees can become champions for the environment by giving feedback on the state’s Climate Action Pathways (CAP) planning process and take part in prize drawings.

“It is important to incorporate the voices of all communities in the co-development of our CAP, so we’re excited to bring the fair to Kauaʻi.” said Leah Laramee, CCMAC coordinator. “We look forward to talking and sharing ideas with all attendees!”

# # #

RESOURCES

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MIL OSI USA News –

January 25, 2025

MIL-OSI: YieldMax™ ETFs Announces Distributions on YBIT (65.28%), TSLY (60.58%), TSMY (54.47%), YMAX (66.23%), YMAG (41.16%) and Others

Source: GlobeNewswire (MIL-OSI)

CHICAGO and MILWAUKEE and NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ ETFs listed in the table below.

ETF Ticker¹	ETF Name	Reference Asset	Distribution per Share	Distribution Frequency	Distribution Rate^2,4,5	30-Day SEC Yield³	Ex-Date & Record Date	Payment Date
YMAX	YieldMax™ Universe Fund of Option Income ETFs	Multiple	$0.2247	*Weekly*	66.23%	50.85%	10/31/24	11/1/2024
YMAG	YieldMax™ Magnificent 7 Fund of Option Income ETFs	Multiple	$0.1528	*Weekly*	41.16%	62.93%	10/31/24	11/1/2024
TSLY	YieldMax™ TSLA Option Income Strategy ETF	TSLA	$0.5986	Every 4 Weeks	60.58%	3.09%	10/31/24	11/1/2024
CRSH	YieldMax™ Short TSLA Option Income Strategy ETF	TSLA	$0.4489	Every 4 Weeks	51.38%	3.61%	10/31/24	11/1/2024
GOOY	YieldMax™ GOOGL Option Income Strategy ETF	GOOGL	$0.3771	Every 4 Weeks	31.69%	3.28%	10/31/24	11/1/2024
YBIT	YieldMax™ Bitcoin Option Income Strategy ETF	Bitcoin ETP	$0.6717	Every 4 Weeks	65.28%	4.07%	10/31/24	11/1/2024
OARK	YieldMax™ Innovation Option Income Strategy ETF	ARKK	$0.2818	Every 4 Weeks	35.18%	3.37%	10/31/24	11/1/2024
XOMO	YieldMax™ XOM Option Income Strategy ETF	XOM	$0.3373	Every 4 Weeks	26.26%	3.32%	10/31/24	11/1/2024
SNOY	YieldMax™ SNOW Option Income Strategy ETF	SNOW	$0.5589	Every 4 Weeks	43.15%	3.44%	10/31/24	11/1/2024
TSMY	YieldMax™ TSM Option Income Strategy ETF	TSM	$0.8897	Every 4 Weeks	54.47%	3.48%	10/31/24	11/1/2024
Scheduled for next week: YMAX YMAG NVDY DIPS FBY GDXY BABO JPMO MRNY PLTY

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

Note: DIPS, FIAT, CRSH and YQQQ are hereinafter referred to as the “Short ETFs”.

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

¹ All YieldMax™ ETFs shown in the table above (except YMAX and YMAG) have a gross expense ratio of 0.99%. YMAX and YMAG have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs.

² The Distribution Rate shown is as of close on October 29, 2024. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

³ The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended September 30, 2024, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

⁴ Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.

⁵ YieldMax™ ETF distributions may contain return of capital, but an estimate cannot be provided at this time. Please refer to the 19a-1 notices here for additional details regarding the distributions’ composition, once available.

Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

Standardized Performance

For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For SQY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here.

Prospectuses

Click here.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are in the prospectus. Please read the prospectuses carefully before you invest.

There is no guarantee that any Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment in any such Fund.

Tidal Financial Group is the adviser for all YieldMax™ ETFs and ZEGA Financial is their sub-adviser.

THE FUND, TRUST, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

YMAX and YMAG generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

Investing involves risk. Principal loss is possible.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX^®, SNOW, ABNB, BABA, TSM, SMCI, PLTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Risk Disclosures (applicable only to BABO and TSMY)

Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting and investor protection standards than U.S. issuers.

Risk Disclosures (applicable only to GDXY)

Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX^®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX^®’s investment adviser, which subjects the Fund to the risks associated with such companies.

The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX^®), which subjects the Fund to some of the same risks as if it owned GDX^®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

Risk Disclosures (applicable only to YBIT)

YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

Risk Disclosures (applicable only to the Short ETFs)

Investing involves risk. Principal loss is possible.

Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Risk Disclosures (applicable only to YQQQ)

Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, YieldMax™ ETFs or ZEGA Financial.

The MIL Network –

January 25, 2025

MIL-OSI: Dayforce Reports Third Quarter 2024 Results¹

Source: GlobeNewswire (MIL-OSI)

Dayforce® recurring revenue of $333.2 million, up 19%

Total revenue of $440.0 million, up 17%

Year-to-date net cash provided by operating activities of $200.1 million, up 54%

MINNEAPOLIS and TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Dayforce, Inc. (“Dayforce” or the “Company”) (NYSE:DAY) (TSX:DAY), a global leader in human capital management (“HCM”) technology, today announced its financial results for the third quarter ended September 30, 2024.

“Our dedicated team achieved excellent results in the third quarter, positioning us to finish 2024 with strength,” said David Ossip, Chair and CEO of Dayforce. “Dayforce recurring revenue grew 19% year-over-year, and year-to-date cash flows from operating activities were up 54%, underscoring our ability to both grow and generate profits at scale. We continue to see organizations across the globe realize greater value as they simplify their people operations with the all-in-one Dayforce platform.”

“In the third quarter, we repurchased approximately $30 million worth of shares under our $500 million share repurchase program that we launched last quarter highlighting our progress in enhancing our overall profit profile and the flexibility of our cash-generative business model,” said Jeremy Johnson, CFO of Dayforce. “Looking forward, we are excited to meet many of our investors in-person at our inaugural Investor Day alongside our Dayforce Discover conference in Las Vegas where we will outline our strategy for future growth.”

Financial Highlights for the Third Quarter 2024¹

Total revenue was $440.0 million, an increase of 16.6%, or 16.7% on a constant currency basis.
Dayforce recurring revenue was $333.2 million, an increase of 19.2%, or 19.3% on a constant currency basis. Excluding float revenue, Dayforce recurring revenue was $292.0 million, an increase of 18.9%, or 19.0% on a constant currency basis.
Cloud recurring gross margin was 79.0%, compared to 77.0%. Adjusted cloud recurring gross margin was 79.9%, compared to 78.3%.
Operating profit was $20.8 million compared to $26.5 million. Adjusted operating profit was $103.2 million compared to $89.4 million.
Net income was $2.0 million, compared to net loss of $3.8 million. Adjusted net income was $74.5 million, compared to $58.3 million.
Adjusted EBITDA was $126.1 million, compared to $107.2 million.
Diluted net income per share was $0.01, compared to diluted net loss per share of $0.02. Adjusted diluted net income per share was $0.47, compared to $0.37.
Net cash provided by operating activities for the nine months ended September 30, 2024 was $200.1 million, compared to $129.6 million for the nine months ended September 30, 2023. Free cash flow for the nine months ended September 30, 2024 was $117.3 million, compared to $41.3 million for the nine months ended September 30, 2023.

Supplemental Detail

6,730 customers were live on the Dayforce platform as of September 30, 2024, an increase of 73 customers since June 30, 2024 and an increase of 384 customers since September 30, 2023, or 6.1% year-over-year.²
Dayforce recurring revenue per customer was $159,496 for the trailing twelve months ended September 30, 2024, an increase of 14.9%.³
The average float balance for Dayforce’s customer funds during the quarter was $4.48 billion and the average yield on Dayforce’s float balance was 4.0%, an increase of 20 basis points year-over-year. Float revenue from invested customer funds was $45.6 million for the three months ended September 30, 2024.
The average U.S. dollar to Canadian dollar foreign exchange rate was $1.36 for the three months ended September 30, 2024, compared to $1.34 for the three months ended September 30, 2023. Dayforce presents percentage change in revenue on a constant currency basis in order to exclude the effect of foreign currency rate fluctuations, which it believes is useful to management and investors. Percentage change in revenue was calculated on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period.

¹ The financial highlights are on a year-over-year basis, unless otherwise stated. All financial results are reported in United States (“U.S.”) dollars and in accordance with accounting principles generally accepted in the U.S. (“GAAP”), unless otherwise stated.
² Excluding Ascender, ADAM HCM, and eloomi.
³ Excluding float revenue, Ascender, ADAM HCM, and eloomi revenue, and on a constant currency basis. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.

Business Highlights

Dayforce was named a Leader in the 2024 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the fifth consecutive year in October 2024. The Company also scored highest in both North American Compliance Suite 1,000-2,500 and North American Compliance Suite 2,500+ in the 2024 Critical Capabilities report for Cloud HCM Suites for Enterprises with 1000+ Employees.
The Company earned a 2024 Top HR Products of the Year Award from Human Resources Executive Magazine for Dayforce Career Explorer and placed on the Constellation ShortList™ within four categories: Workforce Management Suites, HCM Suites with a North American Focus, Global HCM Suites, and Payroll for North American SMBs.
Dayforce attained a five-star rating for the second year in a row on Newsweek’s list of America’s Greenest Companies 2025, recognized by TIME Magazine as one of the World’s Most Sustainable Companies 2024, named a Top 10 company for workers by JUST Capital, placed on the Most Loved Workplaces list for young professionals, and awarded a TrustRadius Tech Cares award for the company’s efforts in social responsibility and volunteerism.

Sales Highlights

A North American hospitality company that specializes in managing and developing luxury hotels and resorts selected the full Dayforce suite to support 22,000 employees across U.S., Mexico, and Canada.
A major multi-brand Australian retailer has selected Dayforce as its unified HCM solution to support their 12,000 employees across Australia and New Zealand.
A global manufacturing and distribution leader, operating in over 12 countries, selected the full Dayforce suite to enhance the experience of 8,500 employees across the United States and Canada.
A wholesale distributor of food service and janitorial supplies, with 7,200 employees in the U.S. and Canada chose Dayforce as its comprehensive human capital management solution, opting for the full Dayforce suite of products with Managed Benefits.
A world-leading manufacturer and retailer of footwear chose the full Dayforce suite to support its 5,300 employees globally.
A U.S.-based online gaming and sports entertainment company chose Dayforce Managed Payroll Services to support its 4,100 employees across the U.S., Canada, and the United Kingdom (“U.K.”).
A U.K.-based clothing retailer chose the full Dayforce Talent suite and Global Payroll to effectively manage its workforce of 3,800 employees across 12 countries.
A U.S. construction company selected the full Dayforce suite for consolidating and modernizing its systems across 48 states and 32 unique FEINs for its 3,500 employees.
A regional commuter railroad corporation in the U.S. has chosen Dayforce as its unified HCM solution, including the full Talent Suite, to effectively manage its workforce of 3,300 employees.
A global manufacturer and distributor of medical devices operating in 33 countries, chose Dayforce for Global Pay, Time, and Managed Benefits in the U.S. to support 2,300 employees.

New Customer Highlights

A British multinational hotel and restaurant company with 38,000 employees went live across the U.K. with Dayforce Managed Payroll, HR, Workforce Management, and Talent.
A prominent U.S. manufacturer recently went live with Dayforce HR, Payroll, Time, Wallet, Document Management for its 10,000 employees.
A U.K. fashion retailer with 400 stores and 10,000 employees has recently implemented Dayforce HR, Workforce Management, Payroll, and Dayforce Wallet.
A leading senior living organization recently deployed the full Dayforce suite, supporting 6,300 active employees across the U.S.
A well-established U.S. logistics company has gone live with the full Dayforce suite to support its 5,200 employees.
A well-established U.S.-based insurance company has gone live with the full Dayforce suite supporting its 4,800 employees across North America.
A North American technology company migrated to Dayforce Managed Payroll to support nearly 4,700 U.S. employees.
A global office furniture manufacturer has implemented Dayforce HR, Payroll, Time, Analytics, and Dayforce Wallet for almost 4,000 U.S. employees.
A U.S.-based energy services company with 1,200 employees has implemented Dayforce Payroll, Benefits, Time, Core HR, Onboarding, and Recruiting.
A nonprofit organization dedicated to the governance and promotion of golf in America recently undertook a full-suite implementation of Dayforce to support its 400 employees.

Product Roadmap Highlights

In the third quarter, Dayforce launched new product capabilities to help Dayforce customers realize quantifiable value through enriched workforce engagement, enhanced analytics, and improved employee financial wellness, and to update their compliance capabilities.

The new Dayforce Learning was announced, with enhancements that will better equip organizations with the advanced learning and development capabilities needed to grow, engage, and enrich their workforces.
Dayforce People Analytics enhancements include:
- Measures, a new KPI and performance management tool, that surfaces performance across 28+ metrics, allowing organizations to configure intelligent nudges that can surface changes requiring their attention
- Data Cards display Measures in the Advanced Experience Hub, embedding awareness of performance metrics across the organization
- Machine learning enhanced prediction gives organizations a view into future performance
Dayforce Wallet updates include a new Savings feature, which allows users to route some of their earnings into a saving plan, a new Cashless Tips feature, which allows employers to pay out pre-tax or net tips by automating their distribution at the end of a shift, and a new Dayforce Wallet widget that integrates on-demand pay into Dayforce Hub, allowing employees to view and request available pay directly. As of September 30, 2024, over 1,290 customers were live on Dayforce Wallet.
Dayforce Payroll enhancements include a reimagined payroll experience that offers real-time insight into pay variances, helping users detect anomalies by highlighting areas needing attention.
240+ compliance updates up to the end of the third quarter, will bolster the Company’s industry-leading position in compliance by addressing changes in regional taxes, workers’ compensation, garnishments, and multiple state and city rate changes.

Business Outlook

Based on information available as of October 30, 2024, Dayforce is issuing the following guidance for the fourth quarter and full year of 2024 as indicated below. Comparisons are on a year-over-year basis, unless stated otherwise.

Guided Metrics	Full Year 2024	Fourth Quarter 2024
Total revenue	$1,747 million to $1,752 million, an increase of 15% to 16% on a GAAP basis or 16% on a constant currency basis.	$452 million to $457 million, an increase of 13% to 14% on a GAAP basis or 13% to 15% on a constant currency basis.
Dayforce recurring revenue, excluding float	$1,163 million to $1,168 million, an increase of 21% on a GAAP and on a constant currency basis.	$311 million to $316 million, an increase of 21% to 23% on a GAAP and on a constant currency basis.
Float revenue	$192 million	$37 million
Adjusted EBITDA	$492 million to $507 million	$120 million to $135 million

Dayforce is also providing an initial outlook for full year 2025 as follows:

Total revenue growth, excluding float, between 14% and 15%, on a constant currency basis
Adjusted EBITDA margin above 31%
Free cash flow as a percentage of total revenue above 12%

Dayforce has not reconciled the Adjusted EBITDA ranges, Adjusted EBITDA margin, or free cash flow for the fourth quarter or full years of 2024 or 2025 to the directly comparable GAAP financial measures because applicable information for the future period, on which these reconciliations would be based, is not available without unreasonable efforts due to uncertainty regarding, and the potential variability of, depreciation and amortization, share-based compensation expense and related employer taxes, changes in foreign currency exchange rates, and other items.

Foreign Exchange

For the fourth quarter of 2024, Dayforce’s guidance assumes an average U.S. dollar to Canadian dollar foreign exchange rate of $1.38, which results in an average rate of $1.37 for the full year of 2024, compared to an average rate of $1.36 and $1.35 for the fourth quarter and full year of 2023, respectively.

Conference Call Details

Dayforce will host a live webcast and conference call to discuss the third quarter 2024 earnings at 8:00 a.m. Eastern Time on October 30, 2024. Those wishing to participate via the webcast should access the call through the Investor Relations section of the Dayforce website. Those wishing to participate via the telephone may dial in at 877-497-9071 (USA) or 201-689-8727 (International). The webcast replay will be available through the Investor Relations section of the Dayforce website.

About Dayforce

Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, Pay, Time, Talent, and Analytics equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-looking statements give Dayforce’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance, and business. Users can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements in this press release include statements relating to the fourth quarter and full fiscal years of 2024 and 2025, as well as those relating to future growth initiatives. These statements may include words such as “anticipate,” “estimate,” “expect,” “assume”, “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events, but not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on assumptions that Dayforce has made in light of its industry experience and its perceptions of historical trends, current conditions, expected future developments and other factors that it believes are appropriate under the circumstances. As users consider this press release, it should be understood that these statements are not guarantees of performance or results. These assumptions and Dayforce’s future performance or results involve risks and uncertainties (many of which are beyond its control). In particular:

its inability to maintain its high Cloud solutions growth rate, manage its domestic and international growth effectively, or execute on its growth strategy;
the impact of disruptions to the movement of funds to initiate payroll-related transactions on behalf of customers;
its failure to manage its aging technical operations infrastructure;
system breaches, interruptions or failures, including cyber-security breaches, identity theft, or other disruptions that could compromise customer information or sensitive company information, including its ongoing consent order with the Federal Trade Commission regarding data protection;
its failure to comply with applicable privacy, data protection, information security, and financial services laws, regulations and standards;
its inability to successfully compete in the markets in which Dayforce operates and expand its current offerings into new markets or further penetrate existing markets due to competition;
its failure to properly update its solutions to enable its customers to comply with applicable laws;
its failure to provide new or enhanced functionality and features, including those that may involve artificial intelligence or machine learning;
its inability to maintain necessary third-party relationships, and third-party software licenses, and identify errors in the software it licenses;
its inability to offer and deliver high-quality technical support, implementation, and professional services;
its inability to attract and retain senior management employees and highly skilled employees;
the impact of its outstanding debt obligations on its financial condition, results of operations, and value of its common stock;
its ability to maintain effective internal control over financial reporting, and the effect of the existing material weakness in its internal control over financial reporting on its business, financial condition, and results of operations; or
the impact of adverse economic and market conditions on its business, operating results, or financial condition.

Although Dayforce has attempted to identify important risk factors, additional factors or events that could cause Dayforce’s actual performance to differ from these forward-looking statements may emerge from time to time, and it is not possible for Dayforce to predict all of them. Should one or more of these risks or uncertainties materialize, or should any of Dayforce’s assumptions prove incorrect, its actual financial condition, results of operations, future performance, and business may vary in material respects from the performance projected in these forward-looking statements. In addition to any factors and assumptions set forth above in this press release, the material factors and assumptions used to develop the forward-looking information include, but are not limited to: the general economy remains stable; the competitive environment in the HCM market remains stable; the demand environment for HCM solutions remains stable; Dayforce’s implementation capabilities and cycle times remain stable; foreign exchange rates, both current and those used in developing forward-looking statements, specifically U.S. dollar to Canadian dollar, remain stable at, or near, current rates; Dayforce will be able to maintain its relationships with its employees, customers, and partners; Dayforce will continue to attract qualified personnel to support its development requirements and the support of its new and existing customers; and that the risk factors noted above, individually or collectively, do not have a material impact on Dayforce. Any forward-looking statement made by Dayforce in this press release speaks only as of the date on which it is made. Dayforce undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.


Dayforce, Inc. Condensed Consolidated Balance Sheets (Unaudited)

	September 30,			December 31,
	2024			2023
(In millions, except per share data)
Assets
Current assets:
Cash and equivalents	$	494.1		$	570.3
Restricted cash		—			0.8
Trade and other receivables, net		255.8			228.8
Prepaid expenses and other current assets		153.3			126.7
Total current assets before customer funds		903.2			926.6
Customer funds		4,000.7			5,028.6
Total current assets		4,903.9			5,955.2
Right of use lease assets, net		14.7			19.1
Property, plant, and equipment, net		228.3			210.1
Goodwill		2,394.5			2,293.9
Other intangible assets, net		228.3			230.2
Deferred sales commissions		215.6			192.1
Other assets		131.7			110.3
Total assets	$	8,117.0		$	9,010.9

Liabilities and stockholders’ equity
Current liabilities:
Current portion of long-term debt	$	7.3		$	7.6
Current portion of long-term lease liabilities		6.0			7.0
Accounts payable		73.1			66.7
Deferred revenue		42.7			40.2
Employee compensation and benefits		77.9			92.9
Other accrued expenses		66.3			30.4
Total current liabilities before customer funds obligations		273.3			244.8
Customer funds obligations		4,004.6			5,090.1
Total current liabilities		4,277.9			5,334.9
Long-term debt, less current portion		1,209.9			1,210.1
Employee benefit plans		25.0			27.7
Long-term lease liabilities, less current portion		14.0			18.9
Other liabilities		34.2			21.1
Total liabilities		5,561.0			6,612.7
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par, 500.0 shares authorized, 157.8 and 156.3 shares issued and outstanding, respectively		1.6			1.6
Additional paid in capital		3,291.5			3,151.1
Accumulated deficit		(340.5	)		(317.8	)
Accumulated other comprehensive loss		(396.6	)		(436.7	)
Total stockholders’ equity		2,556.0			2,398.2
Total liabilities and stockholders’ equity	$	8,117.0		$	9,010.9


Dayforce, Inc. Condensed Consolidated Statements of Operations (Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024		2023
(In millions, except per share data)
Revenue:
Recurring	$	375.9		$	325.4		$	1,123.6	$	958.2
Professional services and other		64.1			52.1			171.2		155.8
Total revenue		440.0			377.5			1,294.8		1,114.0
Cost of revenue:
Recurring		87.4			80.5			265.1		239.4
Professional services and other		75.1			66.1			210.8		197.0
Product development and management		55.4			53.3			166.8		153.5
Depreciation and amortization		20.8			17.1			58.6		47.4
Total cost of revenue		238.7			217.0			701.3		637.3
Gross profit		201.3			160.5			593.5		476.7
Selling and marketing		86.4			61.8			248.5		177.5
General and administrative		94.1			72.2			269.4		204.9
Operating profit		20.8			26.5			75.6		94.3
Interest expense, net		8.8			8.9			33.2		27.2
Other (income) expense, net		(6.3	)		5.1			5.7		6.6
Income before income taxes		18.3			12.5			36.7		60.5
Income tax expense		16.3			16.3			29.4		51.3
Net income (loss)	$	2.0		$	(3.8	)	$	7.3	$	9.2
Net income (loss) per share:
Basic	$	0.01		$	(0.02	)	$	0.05	$	0.06
Diluted	$	0.01		$	(0.02	)	$	0.05	$	0.06
Weighted average shares outstanding:
Basic		158.1			155.7			157.6		155.0
Diluted		159.7			155.7			159.9		158.2


Dayforce, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited)

	Nine Months Ended September 30,
	2024			2023
(In millions)
Cash flows from operating activities
Net income	$	7.3		$	9.2
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax (benefit) expense		(27.5	)		13.9
Depreciation and amortization		151.5			84.1
Amortization of debt issuance costs and debt discount		3.2			3.3
Loss on debt extinguishment		4.3			—
Provision for doubtful accounts		4.7			4.2
Net periodic pension and postretirement cost		7.6			0.9
Share-based compensation expense		118.4			118.0
Change in fair value of contingent consideration		9.0			11.8
Other		(1.2	)		0.3
Changes in operating assets and liabilities, excluding effects of acquisitions:
Trade and other receivables		(26.2	)		(62.0	)
Prepaid expenses and other current assets		(4.5	)		(20.1	)
Deferred sales commissions		(22.9	)		(25.9	)
Accounts payable and other accrued expenses		5.9			8.5
Deferred revenue		(6.5	)		7.5
Employee compensation and benefits		(16.1	)		(23.2	)
Accrued taxes		22.5			11.0
Payment of contingent consideration		(20.9	)		—
Other assets and liabilities		(8.5	)		(11.9	)
Net cash provided by operating activities		200.1			129.6

Cash flows from investing activities
Purchases of customer funds marketable securities		(483.2	)		(252.0	)
Proceeds from sale and maturity of customer funds marketable securities		283.4			326.4
Purchases of marketable securities		(10.0	)		—
Proceeds from sale and maturity of marketable securities		7.6			—
Expenditures for property, plant, and equipment		(8.7	)		(15.4	)
Expenditures for software and technology		(74.1	)		(72.9	)
Acquisition costs, net of cash acquired		(173.1	)		—
Other		—			(1.0	)
Net cash used in investing activities		(458.1	)		(14.9	)

Cash flows from financing activities
(Decrease) increase in customer funds obligations, net		(1,049.9	)		311.0
Proceeds from issuance of common stock under share-based compensation plans		22.0			40.3
Repurchases of common stock		(28.8	)		—
Proceeds from debt issuance		650.0			—
Repayment of long-term debt obligations		(646.5	)		(6.0	)
Payment of debt refinancing costs		(11.4	)		—
Payment of contingent consideration		(3.0	)		—
Net cash (used in) provided by financing activities		(1,067.6	)		345.3

Effect of exchange rate changes on cash, restricted cash, and equivalents		(18.2	)		5.1
Net (decrease) increase in cash, restricted cash, and equivalents		(1,343.8	)		465.1
Cash, restricted cash, and equivalents at beginning of period		3,421.4			3,151.2
Cash, restricted cash, and equivalents at end of period	$	2,077.6		$	3,616.3

Reconciliation of cash, restricted cash, and equivalents to the condensed consolidated balance sheets
Cash and equivalents	$	494.1		$	510.3
Restricted cash		—			0.8
Restricted cash and equivalents included in customer funds		1,583.5			3,105.2
Total cash, restricted cash, and equivalents	$	2,077.6		$	3,616.3


Dayforce, Inc. Revenue Financial Measures (Unaudited)

	Three Months Ended September 30,				Percentage change in revenue			Impact of changes in foreign currency (a)			Percentage change in revenue on a constant currency basis (a)
	2024		2023		2024 vs. 2023						2024 vs. 2023
	(In millions)
Revenue:
Recurring revenue:
Dayforce recurring, excluding float	$	292.0	$	245.6		18.9	%		(0.1	)%		19.0	%
Dayforce float		41.2		34.0		21.2	%		(0.3	)%		21.5	%
Total Dayforce recurring		333.2		279.6		19.2	%		(0.1	)%		19.3	%
Powerpay recurring, excluding float		20.2		19.6		3.1	%		(2.0	)%		5.1	%
Powerpay float		4.2		4.4		(4.5	)%		(2.2	)%		(2.3	)%
Total Powerpay recurring		24.4		24.0		1.7	%		(2.0	)%		3.7	%
Total Cloud recurring		357.6		303.6		17.8	%		(0.3	)%		18.1	%
Other recurring (b)		18.3		21.8		(16.1	)%		0.9	%		(17.0	)%
Total recurring revenue		375.9		325.4		15.5	%		(0.2	)%		15.7	%
Professional services and other (c)		64.1		52.1		23.0	%		(—	)%		23.0	%
Total revenue	$	440.0	$	377.5		16.6	%		(0.1	)%		16.7	%

a)	Dayforce has calculated percentage change in revenue on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.
b)	Float attributable to Other recurring was $0.2 million and $0.4 million for the three months ended September 30, 2024, and 2023, respectively.
c)	For the three months ended September 30, 2024, Professional services and other consisted of $61.8 million and $2.3 million associated with Dayforce and Other, respectively. For the three months ended September 30, 2023, Professional services and other consisted of $48.2 million, $3.8 million, and $0.1 million associated with Dayforce, Other, and Powerpay, respectively.

	Nine Months Ended September 30,				Percentage change in revenue			Impact of changes in foreign currency (a)			Percentage change in revenue on a constant currency basis (a)
	2024		2023		2024 vs. 2023						2024 vs. 2023
	(In millions)
Revenue:
Recurring revenue:
Dayforce recurring, excluding float	$	852.1	$	706.5		20.6	%		(0.2	)%		20.8	%
Dayforce float		139.9		112.5		24.4	%		(0.2	)%		24.6	%
Total Dayforce recurring		992.0		819.0		21.1	%		(0.2	)%		21.3	%
Powerpay recurring, excluding float		60.6		58.8		3.1	%		(1.2	)%		4.3	%
Powerpay float		14.4		13.4		7.5	%		(0.7	)%		8.2	%
Total Powerpay recurring		75.0		72.2		3.9	%		(1.1	)%		5.0	%
Total Cloud recurring		1,067.0		891.2		19.7	%		(0.3	)%		20.0	%
Other recurring (b)		56.6		67.0		(15.5	)%		(1.0	)%		(14.5	)%
Total recurring revenue		1,123.6		958.2		17.3	%		(0.3	)%		17.6	%
Professional services and other (c)		171.2		155.8		9.9	%		(0.2	)%		10.1	%
Total revenue	$	1,294.8	$	1,114.0		16.2	%		(0.3	)%		16.5	%

a)	Dayforce has calculated percentage change in revenue on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.
b)	Float attributable to Other recurring was $0.9 million and $1.6 million for the nine months ended September 30, 2024, and 2023, respectively.
c)	For the nine months ended September 30, 2024, Professional services and other consisted of $164.4 million, $6.6 million, and $0.2 million associated with Dayforce, Other, and Powerpay, respectively. For the three months ended September 30, 2023, Professional services and other consisted of $144.6 million, $11.1 million, and $0.1 million associated with Dayforce, Other, and Powerpay, respectively.


Dayforce, Inc. Share-Based Compensation Expense and Related Employer Taxes (Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(in millions)
Cost of revenue – Cloud	$	3.0	$	3.9	$	9.6	$	11.9
Cost of revenue – Other		0.6		0.5		1.7		1.2
Professional services and other		4.0		4.4		11.7		13.5
Product development and management		8.1		7.8		25.0		25.7
Sales and marketing		9.4		6.4		27.2		19.0
General and administrative		14.5		13.4		43.2		47.0
Total	$	39.6	$	36.4	$	118.4	$	118.3


Dayforce, Inc. Reconciliation of GAAP to Non-GAAP Financial Measures (Unaudited)

The following tables reconcile Dayforce’s reported results to its non-GAAP financial measures:

	Three Months Ended September 30, 2024
	As reported		As reported margins (a)			Share-based compensation		Amortization		Other (b)			As adjusted (b)		As adjusted margins (a)
	(Dollars in millions, except per share data)
Cost of Cloud recurring revenue	$	75.1		79.0	%	$	3.0	$	—	$	0.1		$	72.0		79.9	%

Operating profit	$	20.8		4.7	%	$	39.6	$	29.6	$	13.2		$	103.2		23.5	%

Net income	$	2.0		0.5	%	$	39.6	$	29.6	$	3.3		$	74.5		16.9	%
Interest expense, net		8.8					—		—		—			8.8
Income tax expense (c)		16.3					—		—		(4.0	)		20.3
Depreciation and amortization		52.1					—		29.6		—			22.5
EBITDA	$	79.2				$	39.6	$	—	$	7.3		$	126.1		28.7	%

Net income per share – diluted (d)	$	0.01				$	0.25	$	0.19	$	0.02		$	0.47

a)	Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net (loss) income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
b)	The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items including $9.0 million related to the fair value adjustment for the DataFuzion contingent consideration, $3.2 million of restructuring expenses, $3.2 million of costs associated with the planned termination of its frozen U.S. pension plan, $1.0 million of fees associated with initiating the receivables securitization program, and $9.1 million of foreign exchange gain, along with a $4.0 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
c)	Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
d)	GAAP and Adjusted diluted net income per share are calculated based upon 159.7 million weighted average shares of common stock.

	Three Months Ended September 30, 2023
	As reported			As reported margins (a)			Share-based compensation		Amortization		Other (b)			As adjusted (b)		As adjusted margins (a)
	(Dollars in millions, except per share data)
Cost of Cloud recurring revenue	$	69.9			77.0	%	$	3.9	$	—	$	—		$	66.0		78.3	%

Operating profit	$	26.5			7.0	%	$	36.4	$	20.5	$	6.0		$	89.4		23.7	%

Net (loss) income	$	(3.8	)		(1.0	)%	$	36.4	$	20.5	$	5.2		$	58.3		15.4	%
Interest expense, net		8.9						—		—		—			8.9
Income tax expense (c)		16.3						—		—		(5.5	)		21.8
Depreciation and amortization		38.7						—		20.5		—			18.2
EBITDA	$	60.1					$	36.4	$	—	$	10.7		$	107.2		28.4	%

Net (loss) income per share – diluted (d)	$	(0.02	)				$	0.23	$	0.13	$	0.03		$	0.37

a)	Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
b)	The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items including $4.7 million of foreign exchange loss, $4.6 million related to the impact of the fair value adjustment for the DataFuzion contingent consideration, $1.2 million of restructuring expenses, and $0.2 million related to the abandonment of certain leased facilities, along with a $5.5 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
c)	Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
d)	GAAP diluted net loss per share is calculated based upon 155.7 weighted average shares of common stock, and Adjusted diluted net income per share is calculated based upon 158.8 million weighted average shares of common stock.

	Nine Months Ended September 30, 2024
	As reported		As reported margins (a)			Share-based compensation		Amortization		Other (b)			As adjusted (b)		As adjusted margins (a)
	(Dollars in millions, except per share data)
Cost of Cloud recurring revenue	$	228.5		78.6	%	$	9.6	$	—	$	0.9		$	218.0		79.6	%

Operating profit	$	75.6		5.8	%	$	118.4	$	87.5	$	25.7		$	307.2		23.7	%

Net income	$	7.3		0.6	%	$	118.4	$	87.5	$	5.5		$	218.7		16.9	%
Interest expense, net		33.2					—		—		—			33.2
Income tax expense (c)		29.4					—		—		(27.0	)		56.4
Depreciation and amortization		151.5					—		87.5		—			64.0
EBITDA	$	221.4				$	118.4	$	—	$	32.5		$	372.3		28.8	%

Net income per share – diluted (d)	$	0.05				$	0.74	$	0.55	$	0.03		$	1.37

a)	Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
b)	The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items including $15.7 million of restructuring expenses, $9.7 million of costs associated with the planned termination of its frozen U.S. pension plan, $9.0 million related to the fair value adjustment for the DataFuzion contingent consideration, $1.0 million of fees associated with initiating the receivables securitization program, and $2.9 million of foreign exchange gain, along with a $27.0 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
c)	Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
d)	GAAP and Adjusted diluted net income per share are calculated based upon 159.9 million weighted average shares of common stock.

	Nine Months Ended September 30, 2023
	As reported		As reported margins (a)			Share-based compensation		Amortization		Other (b)			As adjusted (b)		As adjusted margins (a)
	(Dollars in millions, except per share data)
Cost of Cloud recurring revenue	$	204.8		77.0	%	$	11.9	$	—	$	—		$	192.9		78.4	%

Operating profit	$	94.3		8.5	%	$	118.3	$	32.7	$	15.6		$	260.9		23.4	%

Net income	$	9.2		0.8	%	$	118.3	$	32.7	$	(1.8	)	$	158.4		14.2	%
Interest expense, net		27.2					—		—		—			27.2
Income tax expense (c)		51.3					—		—		(22.7	)		74.0
Depreciation and amortization		84.1					—		32.7		—			51.4
EBITDA	$	171.8				$	118.3	$	—	$	20.9		$	311.0		27.9	%

Net income per share – diluted (d)	$	0.06				$	0.75	$	0.21	$	(0.01	)	$	1.00

a)	Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
b)	The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items including $11.8 million related to the impact of the fair value adjustment for the DataFuzion contingent consideration, $5.3 million of foreign exchange loss, $3.4 million of restructuring expenses, and $0.4 million related to the abandonment of certain leased facilities, along with a $22.7 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
c)	Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
d)	GAAP and Adjusted diluted net income per share are calculated based upon 158.2 million weighted average shares of common stock.


Dayforce, Inc. Reconciliation of Free Cash Flow (Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
	(In millions)
Net cash provided by operating activities	$	91.8		$	36.6		$	200.1		$	129.6
Expenditures for property, plant, and equipment		(2.0	)		(5.3	)		(8.7	)		(15.4	)
Expenditures for software and technology		(26.4	)		(26.5	)		(74.1	)		(72.9	)
Free cash flow	$	63.4		$	4.8		$	117.3		$	41.3

Non-GAAP Financial Measures

Dayforce uses certain non-GAAP financial measures in this release including:

Non-GAAP Financial Measure		GAAP Financial Measure
EBITDA		Net (loss) income
Adjusted EBITDA		Net (loss) income
Adjusted EBITDA margin		Net profit margin
Adjusted Cloud recurring gross margin		Cloud recurring gross margin
Adjusted operating profit		Operating profit
Adjusted operating profit margin		Operating profit margin
Adjusted net income		Net (loss) income
Adjusted net profit margin		Net profit margin
Adjusted diluted net income per share		Diluted net (loss) income per share
Free cash flow		Net cash provided by operating activities
Percentage change in revenue, including total revenue and revenue by solution, on a constant currency basis		Percentage change in revenue, including total revenue and revenue by solution
Dayforce recurring revenue per customer		No directly comparable GAAP measure

Dayforce believes that these non-GAAP financial measures are useful to management and investors as supplemental measures to evaluate its overall operating performance including comparison across periods and with competitors. Dayforce’s management team uses these non-GAAP financial measures to assess operating performance because these financial measures exclude the results of decisions that are outside the normal course of its business operations, and are used for internal budgeting and forecasting purposes both for short- and long-term operating plans. Additionally, Adjusted EBITDA is a component of its management incentive plan and Adjusted Cloud recurring gross margin and Adjusted operating profit are components of certain performance based equity awards for its named executive officers. Additionally, Dayforce believes that the non-GAAP financial measure free cash flow is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of Dayforce’s liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business. The exclusion of capital expenditures facilitates comparisons of Dayforce’s liquidity on a period-to-period basis and excludes items that management does not consider to be indicative of Dayforce’s liquidity.

These non-GAAP financial measures are not required by, defined under, or presented in accordance with, GAAP, and should not be considered as alternatives to Dayforce’s results as reported under GAAP, have important limitations as analytical tools, and its use of these terms may not be comparable to similarly titled measures of other companies in its industry. Dayforce’s presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by similar items to those eliminated in this presentation. Please refer to Dayforce’s full financial results, including further discussion of non-GAAP financial measures, on the Investor Relations portion of its website at investors.dayforce.com.

Dayforce defines its non-GAAP financial measures as follows:

EBITDA is defined as net (loss) income before interest, taxes, depreciation, and amortization, and Adjusted EBITDA is EBITDA, as adjusted to exclude share-based compensation expense and related employer taxes, and certain other items.
Adjusted EBITDA margin is determined by calculating the percentage Adjusted EBITDA is of total revenue.
Adjusted Cloud recurring gross margin is defined as Cloud recurring gross margin, as adjusted to exclude share-based compensation and related employer taxes, and certain other items, as a percentage of total Cloud recurring revenue.
Adjusted operating profit is defined as operating profit, as adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items.
Adjusted net income is defined as net (loss) income, as adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items, all of which are adjusted for the effect of income taxes.
Adjusted net profit margin is determined by calculating the percentage Adjusted net income is of total revenue.
Adjusted diluted net income per share is calculated by dividing adjusted net income by diluted weighted average common shares outstanding. When adjusted diluted net income per share is positive, diluted weighted average common shares outstanding incorporate the effect of dilutive equity instruments.
Free cash flow is defined as net cash provided by operating activities, as adjusted to exclude capital expenditures.
Percentage change in revenue, including total revenue and revenue by solution, on a constant currency basis is calculated by applying the average foreign exchange rate in effect during the comparable prior period.
Dayforce recurring revenue per customer is an indicator of the average size of Dayforce recurring revenue customers. To calculate Dayforce recurring revenue per customer, the Company starts with Dayforce recurring revenue on a constant currency basis by applying the same exchange rate to all comparable periods for the trailing twelve months and excludes float revenue and Ascender, ADAM HCM, and eloomi revenue. This amount is divided by the number of live Dayforce customers at the end of the trailing twelve month period, excluding Ascender, ADAM HCM, and eloomi. The Company has not reconciled the Dayforce recurring revenue per customer because there is no directly comparable GAAP financial measure.

Source: Dayforce, Inc.

For further information, please contact:

Investor Relations
1-844-829-9499
investors@dayforce.com

Public Relations
1-647-417-2117
teri.murphy@dayforce.com

The MIL Network –

January 25, 2025

MIL-OSI: Xtract One’s New Gateway Selected to Secure Tift County Schools

Source: GlobeNewswire (MIL-OSI)

TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”) today announced their newly-debuted Xtract One Gateway (“Gateway”) has been selected by Tift County Schools in Tifton, Georgia, to protect school entrances, ensuring a welcoming, streamlined, and secure experience for all individuals entering the buildings.

Tift County Schools is set to deploy Xtract One Gateway at the entrances of their high school and middle schools, with plans to deploy the system across all K-12 schools in the future. This installation aims to strengthen safety and security measures within the district, and highlights the joint dedication to prioritize the well-being of students and staff while maintaining a positive school atmosphere. By differentiating between everyday items—such as laptops, tablets, 3-ring binders, cell phones, and keys—and potential threats such as firearms, Gateway ensures a smooth and secure entry experience for students and visitors who enter carrying a medium volume of personal belongings. The system features advanced bi-directional screening technology for weapon detection and identification, allowing individuals to keep their personal belongings on them, and reducing the need for separate bag searches, thereby dramatically reducing screening times.

“As a district with 11 schools, nearly 7,700 students, and over 1,000 teachers and staff members, it’s critically important for us to prioritize our students’ learning, well-being, and overall school experience. We’re excited to be using Xtract One Gateway to further our mission to protect and nurture the future generations of Tift County,” said Jonathan Judy, Chief Information Officer at Tift County School District. “We investigated several technologies to secure our facilities and found that Gateway provided a broad set of weapons detection while also significantly reducing unnecessary bag searches, x-ray machines, or complex operations. Our students, teachers, staff, and visitors deserve the best, and with Xtract One’s enhanced security solution, we’ll be able to deliver an atmosphere district-wide for anyone entering our schools that is even more secure, with an experience that still remains inviting.”

“Safe schools are a prerequisite for student achievement and, to a larger extent, an important standard for the well-being of the surrounding community that supports the school. We’re continuing to deliver innovative security solutions that empower schools to address modern threats and enhance safety without compromising the welcoming environment that students deserve,” said Peter Evans, CEO of Xtract One. “With technology like Gateway complementing existing security operations, students will benefit from enhanced, non-invasive security that allows them to walk into school freely without needing to divest their personal belongings. This sets a new standard for school safety and allows students to focus on their education.”

To learn more, visit www.xtractone.com.

About Xtract One
Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that enable facility operators to prioritize and deliver improved “Walk-right-In” experiences while providing unprecedented safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, X, and LinkedIn.

Forward Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:
Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645

The MIL Network –

January 25, 2025
MIL-OSI: Navient posts third quarter 2024 financial results

Source: GlobeNewswire (MIL-OSI)

HERNDON, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI) today posted its 2024 third quarter financial results. Complete financial results are available on the company’s website at Navient.com/investors. The materials will also be available on a Form 8-K on the SEC’s website at www.sec.gov.

Navient will hold a live audio webcast today, Oct. 30, 2024, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO.

Analysts and investors who wish to ask questions are requested to pre-register at Navient.com/investors at least 15 minutes ahead of start time to receive their personal dial-in access details. Others who wish to join in listen-only mode do not need to pre-register and may simply visit Navient.com/investors to access the webcast.

Supplemental financial information and presentation slides used during the call will be available no later than the start time. A replay of the webcast will be available approximately two hours after the event’s conclusion.

About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at navient.com.

Contact:
Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com
Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

The MIL Network –

January 25, 2025
MIL-OSI: Foresight Ventures Announces Strategic Partnership with Deep Blue and Arta TechFin to Enhance Stablecoin and RWA Business Initiatives

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Oct. 30, 2024 (GLOBE NEWSWIRE) — Foresight Ventures, the leading investment firm specializing in Web3 projects, today announced a strategic partnership with Deep Blue, a newly launched Jersey-based stablecoin issuer and Arta TechFin Corporation Limited (Arta TechFin, HKSE: 0279), a Hong Kong listed company via its subsidiaries operating regulated financial institutions and leading blockchain developments. The alliance aims to drive innovation and growth of the Stablecoin and Real-World Asset (RWA) ecosystem.

Deep Blue is an issuance platform for Stablecoins bringing best-in-class practices and best partners in both digital assets and traditional finance, enabling users to operate across multiple use cases.

Arta TechFin will bring in its capabilities as a regulated blockchain financial services provider, collaborating with Foresight Ventures and Deep Blue on Stablecoin and RWA businesses including but not limited to origination, tokenization, market making, and providing liquidity.

Julien Bahurel, co-founder of Deep Blue, commented on the partnership: “We are excited to join forces with Foresight Ventures to accelerate our efforts in the Stablecoin and RWA sectors. This partnership represents a significant step forward in our mission to bridge the gap between traditional finance and the emerging blockchain economy; leveraging on key crypto partners, large Asia-based conglomerates and financial institutions.”

Foresight Ventures, known for its commitment to fostering Web3 projects that promote decentralization and mainstream adoption of cryptocurrency, will provide Deep Blue with strategic collaborations that include media and network resources. This partnership is expected to elevate Deep Blue’s initiatives, bringing them to a wider audience and enhancing their impact on the global financial landscape. Both parties look to leverage off each other’s access to the blockchain and traditional finance ecosystems.

Forest Bai, Representative at Foresight Ventures, expressed his enthusiasm for the partnership: “We are thrilled to collaborate with Deep Blue and ArtaTechFin, companies that share our vision of a decentralized future where blockchain and traditional finance coexist seamlessly. Our strategic resources and industry expertise will help Deep Blue scale its ecosystem and make a lasting impact in the stablecoin and RWA domains.”

This strategic partnership marks a new chapter for all companies as they work together to pioneer cutting-edge financial solutions that will shape the future of the global economy.

For more information, please visit Deep Blue Limited or ArtaTechFin

About Foresight Ventures

Foresight Ventures is the leading global crypto venture capital firm, managing over $400 million in assets across 100+ investments. With a research-driven approach, Foresight Ventures bridges Eastern and Western markets, focusing on early-stage opportunities in Web3. Its diverse portfolio spans blockchain infrastructure, AI and consumer applications with investments in top companies like Bitget, Aptos Labs, and TON. Through its premier owned media network, including The Block, Coinness and BlockTempo, the firm provides exposure to transformative technologies that shape the future of financial ecosystems.

Foresight Ventures backs the boldest upcoming innovations, encouraging concepts that challenge conventional platforms with real-life use cases built on emerging technologies. Dedicated to accelerating crypto adoption for billions of people worldwide, Foresight Ventures breaks down barriers empowering global financial freedom and inclusion to all.

For general enquiries, please email: fv@foresightventures.com

Contact

Media Team

Foresight Ventures

fv@foresightventures.com

The MIL Network –

January 25, 2025
MIL-OSI Europe: Written question – Consumption of water resources by data centres – E-002228/2024
Source: European Parliament
22.10.2024

Question for written answer E-002228/2024
to the Commission
Rule 144
César Luena (S&D)

Article 12 EED[1] establishes an obligation for Member States to require data centres to publish information on their energy performance and sustainability, including water consumption (Annex VII), and mandates the Commission to set up a Union-wide database containing such information.

The database is ready and the energy parameters are defined, but there is no detailed section on water consumption. A recent study[2] (2023) estimated that data centres used for AI could account for up to 6 600 million cubic metres in water consumption in 2027.

1.What measures is the Commission considering to address the consumption of water resources by data centres, including possible measures under the EU Water Resilience Strategy?

2.Are companies obliged to report on the water consumption of data centres?

3.How can the Commission oblige data centre owners and operators to reduce their water consumption?

Submitted: 22.10.2024

[1] Recast Energy Efficiency Directive (EED)

[2] https://arxiv.org/abs/2304.03271
Last updated: 30 October 2024
MIL OSI Europe News –
January 25, 2025
MIL-OSI United Kingdom: Building partnerships to protect the UK from cyber crime

Source: United Kingdom – Government Statements

Security Minister, Dan Jarvis, delivered a speech at the PREDICT 2024 Conference on 22 October.

Delivered on:

22 October 2024 (Transcript of the speech, exactly as it was delivered)

Thank you and good morning.

It’s a great privilege to be with you at PREDICT 2024 today taking place right in the very heart of London’s thriving knowledge quarter.

I’d like at the outset to take this opportunity to thank Recorded Future for your hard work in bringing us together over these 2 days.

Not least because I think that forums like these provide us with a crucial platform to connect, share ideas and to learn from one another.

When our world feels increasingly less certain and increasingly more volatile, it is reassuring to know that last night, as with every night, many of you here today, made it safer.

Across the UK, millions of phones charging next to our beds were patched whilst we were sleeping – better protecting our messages, our photos and our personal information, frankly, our entire lives these days from constantly mutating cyber threats.

For ministers like me, there will be 2, maybe even 3, phones next to our beds, but add them to millions more devices and their networks that our world now relies on to function.

The role that the global community of defenders plays in disrupting and defeating cyber-crime is more than just vital – it’s existential.

So, I want to say this morning that this country, our country, is enormously in the debt of many of you in this room who strive, day in, day out to protect us all.

Your work, your dedication and your accomplishments have never been more important.

Yet, it may be the case, that they have never been more taken for granted, because most will only notice, could only ever notice, when things go wrong.

Who knew what Synnovis were and the vital service they provide to the NHS until ransomware criminals struck?

Outside of tech circles, who knew the name Crowdstrike before a wayward patch ground international aviation to a halt?

How many of the millions of Australian or US citizens, who relied on their services, could have identified the logos of Colonial Pipeline or Medibank before they were attacked? So today, I want to focus on this unnoticed and often unappreciated reality.

I want to talk about the need for constant vigilance in defending our digital world and how we can do so better and together.

Now, as I’ve already touched upon, our international rules-based system is being severely tested and technological advances continue to evolve at pace.

Advances in technology bring both risks and opportunities for us all.

We have all moved our lives online. In this respect, the UK stands out from other countries in its digital development.

Indeed, it was national news when the card machine stopped working across Greggs’ stores one morning in March this year. Alongside paying for sausage rolls with our smart watches, there are opportunities to harness technology’s vast potential in areas such as healthcare, education and, of course, security.

But we must also address the evolving risks and maintain a posture of constant vigilance, including by keeping up with developments in artificial intelligence, which show unstoppable momentum.

Emerging technologies are changing the nature of diplomacy, trade and competition, driving it online and thus onto our devices and into our pockets.

The much bigger global IT outage in July demonstrated our near universal dependence on technology.

For businesses, physical premises are interchangeable with digital platforms when it comes to delivering services and making money.

Beyond AI, quantum technologies, future, telecoms, connected devices, robotics and drones are rapidly reshaping the landscape.

Put simply, cyber security is national security.

Therefore, cyber incidents such as ransomware attacks, network intrusions for cyber espionage or IP theft have significant and complex consequences.

When organisations are targeted, there can be knock on effects on the UK’s economic resilience.

Data is becoming an ever more valuable commodity. Last year, the UK saw over a million reported Computer Misuse Act offences, most of which sort out personal data.

These crimes are estimated to cost the UK economy billions of pounds every year.

When public services or critical national infrastructure are targeted, there are implications for our national security.

Criminals exploit this and are early adopters of the latest technology.

The UK, and the international response must keep pace, and where possible, develop a competitive edge to mitigate these risks.

If misused, artificial intelligence and machine learning can intensify the impact and scale of cyber-crime.

Criminals are offering exploitation kits and hacking as a service, making it systems and data compromise increasingly accessible network attack surfaces and opportunities to target third party suppliers are expanding exponentially.

Unauthorised computer access can lead to a wide range of frauds, theft, extortion, and can also facilitate stalking, domestic abuse and harassment.

These crimes cause significant harm to the UK, destroying businesses and ruining lives.

That’s why the government is reviewing the threats that we face and addressing priority cyber threats like ransomware, which is the most acute cyber threat facing most UK organisations.

It’s also why we are making progress on counter ransomware, and the UK continues to lead international efforts, including through the counter ransomware initiative and by sanctioning 36 cyber-criminal actors since 2021, including ransomware actors like Evil Corps, the clue is in the name, LockBit and Trickbot.

This year, the UK’s National Crime Agency also led a global effort to disrupt LockBit, the world’s most prolific ransomware group.

Now we are increasingly seeing the impactful effects of combining law enforcement efforts, disruptive operations and interventions like sanctions that de-anonymise, disrupt and deter cyber criminals through a whole government response.

But there is much more that we need to do.

We are considering all options available to us, including reviewing the Computer Misuse Act to strengthen our response to the threat.

But it’s not only criminals who use cyber to target the UK.

Our intelligence agencies and international partners work around the clock to expose and counter malicious activities that threaten our interests.

As Mi5 Director General Ken McCallum set out earlier this month, autocratic states persist in their efforts to undermine UK security.

States, including Russia and China, are investing in advanced cyber operations, and it is a national security priority to detect, disrupt and deter this activity.

Russia is home to one of the most expansive and destructive cyber-criminal communities in the world, which targets global businesses with ransomware and other forms of cyber-attack for profit.

The Kremlin deliberately turns a blind eye to the activities of many cyber criminals within its jurisdiction, choosing not to prosecute, as long as their crimes serve the regime’s interests.

But the Russian state also has extensive cyber capabilities of its own.

The National Cyber Security Centre (NCSC), has confirmed Russian attempts to target key sectors of the British economy, including the UK media, telecommunications, political and democratic institutions and energy infrastructure.

We will not tolerate Russian cyber interference and will continue to work with our international allies to expose Russian cyber aggression and hold the Kremlin to account for its malign activity.

Compared to Russia, China presents a more complex and significant long term cyber challenge, and there have been a number of high-profile China linked cyber-attacks over the past few years, varying in intensity and sophistication.

We will continue to engage with China, and we want to see a constructive debate aimed at making cyberspace a safer place to do business for companies and consumers.

That is why we regularly raise issues with China, and we will keep calling out all state and non-state actors for malicious activity when it is necessary to do so.

For instance, the UK supported by global allies, publicly attributed and sanctioned Chinese state-affiliated actors responsible for malicious cyber campaigns targeting the UK democratic institutions.

Working alongside our Five Eyes partners and others, the UK continues to strengthen our defences, safeguard our institutions and protect sensitive data from these ever-growing threats.

NCSC, combining its cyber expertise with unique intelligence insights, remains decisive in ensuring that the UK stays ahead of these state sponsored threats.

As this year is a year of elections around the world with around 4 billion people going to vote, and we know that malign actors target the freedoms and democratic processes which are integral to our way of life.

Foreign states and domestic actors use disinformation and harmful material online in a bid to undermine our democratic institutions.

The recent general election here in the UK was a prime opportunity for our adversaries to mount a major information attack on the UK in an attempt to affect the outcome.

Government planned for such an incident, but fortunately, this did not happen.

Although attempts at interference do not stop with electoral events, and we are alive to this ever present-threat to our democracy, especially the use of disinformation.

Vigilance and effective cross government working is especially needed as AI technology threatens to exacerbate existing information threats, enabling harmful messages to spread at speed and scale, and making disinformation more difficult to spot.

We are particularly concerned that a steady stream of disinformation and harmful material online can lead to a slow poisoning of our public discourse that attempts to divide our communities.

We saw some of this play out during the summer with false information and inflammatory content spread rapidly online, contributing to violent disorder in some parts of our country.

These are complex issues which many democracies face, and that’s why we are working with international allies to share learning and expertise and with social media companies to hold them accountable for keeping online users safe.

The defending democracy Task Force is at the heart of much of this work. It is an enduring function that coordinates government’s response to these ever-present threats to our democracy.

The first duty of any government is to protect the nation and in an ever-evolving world with new and complex threats, collaborative working across government, law enforcement, industry and civil society is absolutely fundamental to driving innovative approaches to the UK’s most pressing challenges.

This can only be achieved if our work to keep our country safe and secure goes hand in hand with our plan to improve UK prosperity.

Without national security, we cannot kick start economic growth, become a clean energy superpower, take back our streets, break down barriers to opportunity, or build an NHS fit for the future.

Our work in National Security provides the foundation to enable these missions.

Breaking down barriers to opportunity enhances the protective factors for those vulnerable to radicalisation, mis and disinformation, or serious and organised crime. We continuously seek to support and strengthen our national security machinery.

The government is reviewing several policy areas, especially in light of the spending review. The perspectives of the private sector, will be pivotal in these decisions and discussions.

Indeed, collaboration between the government, the private, and third sectors are key to addressing national security risks.

By building an enduring and balanced partnership, we can work together to strengthen the UK’s response and resilience.

The NCSC leads the industry 100 i 100 initiative which enables diverse minds to challenge thinking and tackle systemic vulnerabilities in cyber security.

The cyber insurance industry is another key partner and is crucial in the cyber threat mitigation ecosystem, providing protection from cyber based risks such as ransomware and hacking.

In May of this year, 3 major UK insurance bodies, the Association of British Insurers, the British Insurers Brokers Association and the International Underwriting Association, united with the NCSC to publish joint guidance. This guidance, aimed at 14 cyber-criminals’ profits by reducing the number of ransoms paid by UK ransomware victims, was a powerful show of collaborative government and industry working.

Since then, and with continued partnership from the three insurance bodies, this guidance has since been internationalised through the Counter Ransomware Initiative, with 40 countries and 8 global insurance bodies signing up.

The government will continue to work closely with industry researchers, academics and the wider public sector to collectively address risks to our national security.

The work done across these sectors by organisations like Recorded Future, and those here in the room today, are vital to securing the UK’s National Security.

To conclude, the threats that we face are evolving rapidly, but so too are the opportunities for innovation and collaboration.

The challenge for all of us, whatever our sector or discipline, is to stay ahead of the threats whilst maximising the opportunities.

That is why events like PREDICT 2024 are so important, and it is why we must tackle this critical mission together in a spirit of true partnership and collaboration.

Thank you.

Updates to this page

Published 30 October 2024

MIL OSI United Kingdom –

January 25, 2025
MIL-OSI: DeFi Technologies’ Subsidiary Valour Expands Offerings with First-Ever Valour Bittensor (TAO) SEK ETP in the Nordics on Spotlight Stock Market
Source: GlobeNewswire (MIL-OSI)
- Introduction of Valour Bittensor (TAO) SEK ETP: DeFi Technologies’ subsidiary Valour Inc. has launched the Valour Bittensor (TAO) ETP on Sweden’s Spotlight Stock Market, marking the first Bittensor ETP in the Nordics and expanding its suite of digital asset products with this cutting-edge decentralized machine learning asset. With a market cap of $3.9 billion, TAO ranks #25 among digital assets globally.
- Investment Opportunities in Decentralized Machine Learning: The Valour Bittensor (TAO) SEK ETP provides Nordic investors with unique exposure to TAO, the native token of the Bittensor network, now accessible for the first time in the region. Bittensor revolutionizes machine learning by creating a decentralized, peer-to-peer marketplace where machine intelligence can be exchanged, fostered, and traded. This network functions as a hive mind, pooling AI model intelligence into an ever-growing digital knowledge base and incentivizing global collaboration among developers.
- Strategic Product Expansion: The launch of the first Valour Bittensor ETP in the Nordics underscores Valour’s commitment to bringing innovative digital assets to the market. Listed on the Spotlight Stock Market, this ETP offers Nordic investors the opportunity to invest in groundbreaking advancements within decentralized AI and machine learning, representing a significant step forward in providing regional access to transformative digital assets.
TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a crypto-native technology company at the forefront of merging traditional capital markets with decentralized finance (“DeFi“), proudly announces that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange-traded products (“ETPs“) providing simplified access to digital assets, has listed the first-ever Valour Bittensor (TAO) ETP in the Nordics on the Spotlight Stock Market. This launch provides investors with seamless access to TAO, the token that fuels Bittensor’s decentralized machine learning protocol. With a market cap of $ 3.9 billion, TAO ranks #25 among digital assets globally.

The Valour Bittensor (TAO) SEK ETP (ISIN: CH1213604619) is the latest addition to Valour’s range of innovative digital asset products, now available to Nordic investors. The ETP brings unparalleled exposure to the Bittensor network, which turns machine intelligence into a tradable asset within a decentralized marketplace. TAO’s unique utility extends beyond traditional token use by representing individual contributions to this shared intelligence pool, embodying the collective insights within the Bittensor ecosystem. Featuring a 1.9% management fee, this ETP provides streamlined access to the rapidly growing world of decentralized AI.

“With the TAO ETP, we’re setting a new standard for AI-backed investments, linking investors to the future of decentralized intelligence,” commented Elaine Buehler, Head of Product at Valour. “This launch brings traditional investors into a dynamic AI ecosystem, pushing the boundaries of digital asset investment in the Nordics for the first time.”

Unlike traditional centralized machine learning models, Bittensor allows AI models to exchange capabilities and predictions directly in a peer-to-peer network. This decentralized structure encourages diversity and innovation, making Bittensor a key driver in the evolution of machine learning.

“By launching the Valour Bittensor ETP in Sweden, we’re expanding investor access to the transformative potential of decentralized machine learning,” said Johanna Belitz, Head of Nordics at Valour. “Our focus remains on providing high-quality products that reflect current market demands and foster innovation. This is an important milestone as the first Bittensor ETP in the Nordics.”

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/

About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the the listing of Valour Bittensor (TAO) ETP; the development of the TAO token; investor confidence in Valour’s ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

For further information, please contact:

Olivier Roussy Newton
Chief Executive Officer
ir@defi.tech
(323) 537-7681

The MIL Network –
January 25, 2025
MIL-OSI: InspireSemi Announces Annual General and Special Meeting and Appointment of Director

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia and AUSTIN, Texas, Oct. 30, 2024 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“Inspire” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, is pleased to announce that the Annual General and Special meeting (the “AGSM“) for the year ended December 31, 2023 will be held in person at the Company’s offices at 11305 Four Points Drive, Suite 2-250, Austin, TX 78726 at 9:30 a.m. (Austin time) on November 20, 2024.

The Notice of AGSM, Management Information Circular (the “Circular”), Financial Statements Request Form, Form of Proxy and Voting Instruction Form (the “Materials”) will be mailed to shareholders and posted on the Company’s profile on SEDAR+ at www.sedarplus.ca not later than the date of this release. The Materials can also be found on the Company’s website at www.inspiresemi.com, investors tab.

Shareholders of record as of October 11, 2024 are entitled to vote their shares of the Company at the AGSM. The Company encourages its shareholders to vote in advance of the AGM using the instructions on the Voting Instruction Form or the Form of Proxy that were mailed to them with the Materials. Shareholders are reminded that proxies must be received by 9.30 a.m. (Austin Time) on November 18, 2024.

In addition to the usual matters presented to shareholders at an annual general meeting, the Company will be seeking the approval of its shareholders to delist its subordinate voting shares from the TSX Venture Exchange. For reasons further explained in the Circular, the Company deems the delisting to be an extremely important matter for the Company. The Company encourages all shareholders to review the information in the Circular and to vote in favour of the delisting at the AGSM.

If any shareholder has not received their voting instructions by mail by mid November and wishes to vote at the AGSM, the Company encourages those shareholders to contact the Corporate Secretary by email to secretary@inspiresemi.com who will be happy to assist with retrieving your individual voting instructions.

Advance Notice

This press release is deemed notice, in accordance with the Company’s Advance Notice By-Law (the “By-Law”), which amongst other things, includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the “Act”); or (ii) a shareholder proposal made pursuant to the provisions of the Act.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement. Therefore, in this case of the AGSM notice of any nomination must be received by the Company by November 9, 2024.

Shareholders must provide notice of any nomination for director to the Corporate Secretary by email to secretary@inspiresemi.com and in proper written form and including all the details required in accordance with the By Law, a copy of which can be found on the Company’s website at www.inspiresemi.com, investors tab.

Appointment of Director

The Company is also pleased to announce that it has appointed Mr. Jeff Brown to its board of directors effective October 29, 2024.

Mr. Brown has had a long and successful career in the media industry, with extensive experience in distribution, digital marketing and brand management. He currently owns and runs JB & Associates, a strategic and business building consulting firm and is a Faculty Lecturer in Entertainment Media Management, Cinema and Television Arts at California State University.

Previously he was with Warner Bros for over 26 years as a prominent executive in the Home Entertainment division, ending as Executive Vice President in January 2023. He helped lead Warner Bros. with its move into streaming, digital (VOD/EST) and physical media (DVD/Blu-ray). He managed P&L for distribution of television content, including WBTV, HBO, Turner productions and third-party partner brands such as the BBC and Peanuts, leading to Warner Bros. holding the top placed market share for nearly 20 years. He
oversaw the implementation of new customer acquisition strategies and adherence to best-in-class data driven analytics. He also previously worked in brand management and finance for other large brands including Nestle, General Mills and the Gap.

Mr. Brown holds an MBA from Stanford Graduate School of Business, a BSE in Finance from Wharton, University of Pennsylvania and a BA in Political Science from University of Pennsylvania.

The Company welcomes Mr. Brown to the board and looks forward to his future contributions to the success of Inspire.

Mr. Brown was nominated as a director by Humanitario Capital LLC pursuant to nomination rights granted to it under the Convertible Loan Agreement between it and the Company dated September 23, 2024. Further information regarding the Convertible Loan Agreement can be found in the Company’s press released dated September 23, 2024.

About InspireSemi

InspireSemi (TSXV: INSP) provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird I ‘supercomputer-cluster-on-a-chip’ is a disruptive, next-generation datacenter accelerator designed to address multiple underserved and diversified industries, including financial services, computer-aided engineering, energy, climate modeling, cybersecurity, and life sciences & drug discovery. Based on the open standard RISC-V instruction set architecture, InspireSemi’s solutions set new standards of performance, energy efficiency, and ease of programming. InspireSemi is headquartered in Austin, TX.

For more information visit https://inspiresemi.com
Follow InspireSemi on LinkedIn

Company Contact
Ron Van Dell, CEO
(737) 471-3230
rvandell@inspiresemi.com

Cautionary Statement on Forward-Looking Information
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Statements concerning InspireSemi’s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of InspireSemi are forward-looking statements. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.

Forward-looking information includes, but is not limited to, information regarding: (i) the business plans and expectations of the Company including expectations with respect to production and development; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this presentation, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of InspireSemi, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company including information obtained from third-party industry analysts and other third-party sources and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: (i) statements relating to the business and future activities of, and developments related to, the Company after the date of this press release; (ii) expectations for other economic, business, regulatory and/or competitive factors related to the Company or the technology industry generally; (iv) the risk factors referenced in this news release and as described from time to time in documents filed by the Company with Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca; and (v) other events or conditions that may occur in the future. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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

The MIL Network –

January 25, 2025
MIL-OSI Asia-Pac: 19th Eco Expo Asia opens today (with photos)

Source: Hong Kong Government special administrative region

19th Eco Expo Asia opens today (with photos)
19th Eco Expo Asia opens today (with photos)
********************************************

The 19th Eco Expo Asia is being held at AsiaWorld-Expo from today (October 30) to November 2. The theme of the Expo this year is “Fostering Green Innovations for Carbon Neutrality”. About 190 officials from around 40 official delegations from various cities and provinces in Mainland China, the Association of Southeast Asian Nations (ASEAN) and Belt and Road countries have been invited, bringing together international exhibitors, industry professionals to showcase cutting-edge green solutions, exchange views and share experiences. Speaking at the opening ceremony, the Secretary for Environment and Ecology, Mr Tse Chin-wan, said, “Eco Expo Asia is a golden opportunity for us to discuss and advance our shared commitments to a sustainable future. Green innovation solutions are of paramount importance in our decarbonisation journey. During the Expo, we will see the latest innovations and technologies around the world in new energy, climate adaptation and other environmental areas.” Mr Tse remarked that this year marks the 75th anniversary of the founding of the People’s Republic of China. The documentary series “Enchanting China” was produced by the Environment and Ecology Bureau (EEB) and the Environmental Protection Department, in collaboration with the Center for Environmental Education and Communications of the Ministry of Ecology and Environment. “Beautiful Hong Kong” was produced by the EEB. The two documetaries showcase the contributions and achievements made by the country and the Hong Kong Special Administrative Region (HKSAR) Government in environmental protection and nature conservation. An extract of “Enchanting China” and “Picturesque Bays of Hong Kong”, the first episode of “Beautiful Hong Kong”, was shown at the opening ceremony. Mr Tse stressed that although Hong Kong’s carbon emissions peaked in 2014, and compared to the peak carbon emissions today have been reduced by about a quarter already, achieving carbon neutrality in Hong Kong by 2050 is still a significant challenge. The HKSAR Government is boosting the promotion of green low-carbon transformation and the development of new energy, new productive forces and green scientific research industries through multiple measures, leading Hong Kong towards carbon neutrality. The Secretary of the Leading Party Members Group of the Ministry of Ecology and Environment of the People’s Republic of China, Mr Sun Jinlong, was invited to give a keynote speech at the opening ceremony. The Expo’s feature event, the Eco Asia Conference, is being held from today to November 1. In the Government Session, the Deputy Secretary General of the National Development and Reform Commission of the People’s Republic of China and the Director of the Department of National Economy, Mr Yuan Da, and the Director-General of the Department of Energy Conservation and Resources Comprehensive Utilization of the Ministry of Industry and Information Technology of the People’s Republic of China, Mr Wang Peng, introduced the latest environmental policies of the Mainland. In addition, the Vice Minister of the Lao People’s Democratic Republic Ministry of Natural Resources and Environment, Mr Phouvong Luangxaysana; the General Manager of Saudi Arabia’s Corporate Communications and Media of the Ministry of Environment, Water and Agriculture, Mr Saleh Abdulmohsen S Bindakhil; the Permanent Secretary of Myanmar’s Ministry of Natural Resources and Environmental Conservation, Mr Hla Maung Thein; the Director of Brunei’s Department of Environment, Parks and Recreation of the Ministry of Development, Ms Hajah Martinah binti Haji Tamit; and the Deputy Director General of the Vietnam Institute of Meteorology, Hydrology and Climate Change, Dr Le Ngoc Cau, shared their countries’ latest environmental and conservation policies. The Conference will once again feature the Hydrogen Economy Forum, allowing Hong Kong to capitalise on the environmental and economic opportunities brought by the global development of hydrogen energy, helping Hong Kong to achieve carbon neutrality, developing new quality productive forces, and maintaining international competitiveness. The EEB continued to participate in the Expo this year by setting up four exhibition zones, namely: “Smart Technology”, “Energy-saving and Green Buildings”, “Community Waste Reduction”, and “Green Transportation”, highlighting the HKSAR Government’s various measures and achievements in decarbonisation. The “Smart Technology” zone introduces high-tech applications in daily environmental protection work, including artificial intelligence (AI) environmental air disturbance detection mechanical dogs, 5G mesh network sampling robot teams, AI coastal cleaning monitoring systems, and AI construction noise recognition systems; the “Energy-saving and Green Buildings” zone covers the sustainable development of an online platform for electromechanical innovation and regional cooling systems; the “Community Waste Reduction” zone introduces smart recycling; and the “Green Transportation” zone highlights Hong Kong’s latest development of hydrogen energy and displays the first hydrogen-powered street-washing vehicle in Hong Kong. To tie in with the “Strategy of Hydrogen Development in Hong Kong” announced by the EEB this year, visitors can try riding on the hydrogen fuel cell double-deckers on the second day (October 31) and the fourth day (November 2) of the Expo. The Expo is jointly organised by the Hong Kong Trade Development Council and Messe Frankfurt (HK) Ltd, and co-organised by the EEB. In addition, 10 government bureaux/departments, namely the Architectural Services Department, the Civil Engineering and Development Department, the Drainage Services Department, the Electrical and Mechanical Services Department, the Fire Services Department, the Highways Department, the Hong Kong Observatory, the Housing Department, the Transport Department, and the Water Supplies Department are participating in the exhibition to introduce their initiatives in environmental protection and achieving carbon neutrality for Hong Kong. Eco Expo Asia will open to the public for free on the last day of the event (November 2) to encourage citizens to participate in environmental protection and promote green living. For details, please refer to the Eco Expo Asia’s website (www.hktdc.com/event/ecoexpoasia/en).

Ends/Wednesday, October 30, 2024Issued at HKT 20:05

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MIL OSI Asia Pacific News –

January 25, 2025
MIL-OSI: Deep Origin Launches First and Only Drug Discovery Assistant with Conversational AI Interface and Top Docking Technology
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Deep Origin, the company helping scientists solve diseases and extend healthspan by building tools that simplify R&D, today announced the launch of Balto, the first drug discovery assistant of its kind using proprietary, state-of-the-art molecular modeling tools. Developed by top AI engineers and computational chemists, its AI and physics-based docking and chemical property prediction models outperforms open source and other commercial tools by up to a 10x greater enrichment factor. Balto democratizes access to these models with a simple, conversational interface where users can load a protein structure, dock small molecules to it, analyze pose and docking score, and predict chemical properties. Unlike other chat solutions, Balto is aware of scientific context and concepts. Balto offers users a convenient way to gather information from multiple databases, and synthesize academic literature, simplifying the research process and increasing efficiency.

Today, developing a single new drug is a complex process that can take 12–15 years and cost in excess of $1 billion, without the guarantee of commercial success. This is due in part to the cost of lab and clinical validations, and the challenge of integrating a wide breadth of scientific knowledge in different disciplines and skill sets, ranging from human physiology to chemical synthesis. While tools exist to help find and filter potential drugs, their use is primarily limited to computational chemists because of the steep learning curve. Balto makes these tools accessible to medicinal chemists, who outnumber computational chemists by 10 to 1. This reduces a key bottleneck in drug discovery, enabling far more researchers to simulate potential drugs before making and testing them.

“Balto helps medicinal chemists and research teams expand their capabilities, spending less time searching for information and streamlining access to the state of the art simulation. The unique benefit of Balto is that it gathers data easily across the web databases and moves it into molecular simulations, producing results all within the same interface. We have already seen enthusiasm from research labs, biotech, and pharma teams around the world,” says Michael Antonov, CEO of Deep Origin. “We saw a great opportunity with Balto and our docking tools to make work easier for thousands of researchers. Balto is a significant step for the productivity of the drug discovery community and for us on our mission to model, organize, and accelerate biological R&D, enabling cures through deep understanding of science.”

“The quality and accuracy of our molecular models sets us apart,” says Garyk Papoian, CSO. “Stories of failures from researchers using existing tools highlighted the need for something better. That’s why we built our own suite of molecular modeling tools, from pocket-finding to docking and chemical property predictions. I’m incredibly proud of our team, because we haven’t just produced one top-performing model for one problem in molecular modeling – we’ve produced top models for each step.”

Balto is now accessible here. With Balto, users unlock:
- The ability to explore world-best molecular modeling without any prior training – Balto allows scientists to dive into complex protein-small molecule simulations without needing extensive training or expertise in computational chemistry
- The time-saving potential to load and interrogate molecular information from wide-ranging sources, including PDFs, in a simple conversational interface. Once the data is loaded, it can be fed directly to the simulation tools. Users can learn about molecular simulations as they interact with Balto – the user experience is seamless and requires no learning curve, similar to talking to a colleague
- Greater enrichment factor compared to several other open-source and commercial tools, giving researchers better results in real-world use
- Affordable pricing to democratize access for individual use – Balto Basic will be priced at $32/month
About Deep Origin
Deep Origin is the only biotech company that combines physics, AI, and computational infrastructure to enable faster and better drug discovery. Its mission is to help scientists solve diseases and extend healthspan by building tools that simplify R&D, simulate biology, and untangle the complexity of life. Its tools enable scientists to generate compounds quickly, predict their efficacy reliably, and manufacture them inexpensively. We foster collaboration by bringing together scientists, engineers, and entrepreneurs to explore the unknown and decipher the mechanisms of life. Discover more at www.deeporigin.com.

Media Contact
Leisha Douglass
deeporigin@karbocom.com

The MIL Network –
January 25, 2025
MIL-OSI: NANO Nuclear Energy Closes Full Over-Allotment Option Raising Total Funds of Over $40 Million From Recent Underwritten Follow-On Offering

Source: GlobeNewswire (MIL-OSI)

New York, N.Y., Oct. 30, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”), a leading vertically integrated advanced nuclear technology company developing proprietary, portable, and clean energy solutions, today announced the October 29, 2024 closing of the sale of an additional 317,646 shares of its common stock at $17.00 per share pursuant to the full exercise of underwriter’s over-allotment option granted in connection with NANO Nuclear’s recent underwritten follow-on public offering which closed on October 25, 2024.

The gross proceeds from this public offering, inclusive of the full over-allotment exercise, before deducting underwriting discounts and other offering expenses, were approximately $41.4 million, and net proceeds were approximately $37.7 million.

“The investor demand for this follow-on offering was significant, and we are grateful for the full exercise of the underwriter’s over-allotment option,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “With the support of our investors, we are building a dynamic, commercially focused nuclear energy company led by world-class nuclear engineers and scientists as well as esteemed national leaders in military and civilian energy policy, former nuclear regulatory licensing and government energy professionals, all with the goal of developing the best in class, smaller, cheaper and safer advanced portable nuclear microreactors and other nuclear energy technologies and services. We look forward to using these offering proceeds to innovate, grow and drive value for our shareholders and the nuclear energy sector.”

The Benchmark Company, LLC acted as the sole book-running representative for the offering. Ellenoff Grossman & Schole LLP acted as counsel to NANO Nuclear. Lucosky Brookman LLP acted as counsel to The Benchmark Company. Withum Smith+Brown PC are NANO Nuclear’s registered independent auditors.

Registration statements relating to this public offering were filed with the Securities and Exchange Commission and declared. This registration statement can be obtained by visiting the SEC website at www.sec.gov. Please see such registration statement for additional information regarding NANO Nuclear.

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

About NANO Nuclear Energy Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

For further information, please contact:

Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206
PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
NANO Nuclear Energy LINKEDIN
NANO Nuclear Energy YOUTUBE
NANO Nuclear Energy TWITTER

Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the public offering and the proposed use of proceeds from such offering, as described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as “seek,” “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, some of which may be beyond our control. Readers are cautioned that actual results may differ materially and adversely from the results implied in forward-looking statements. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology, including difficulties with design and testing, cost overruns, regulatory delays and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all of the factors that could cause actual results to differ from those discussed in any forward-looking statement, and the Company therefore encourages investors to review other factors that may affect future results in the Company’s filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Readers are cautioned not to place undue reliance on forward-looking statements, which apply only as of the date of this news release, and forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

The MIL Network –

January 25, 2025
MIL-OSI: Renault and Cerence Partner to Bring Generative AI to Reno, the Renault Connected Avatar

Source: GlobeNewswire (MIL-OSI)

BURLINGTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced its expanded partnership with Renault to bring generative AI-powered capabilities and human-like interaction to the automaker’s next-generation, multi-modal in-car companion, Reno.

Reno, the official Renault avatar, is an intelligent, helpful, and endearing in-car companion that brings customers a more intuitive and fun driving experience. Expanding on Renault and Cerence’s multi-year partnership to bring Reno to life with humanized, voice-powered interaction, Renault will now leverage generative AI-powered Cerence Chat Pro to advance Reno’s capabilities and bring Reno’s intelligence to an entirely new level. Cerence Chat Pro, a uniquely intelligent, automotive-grade large language model integration, will enable Renault customers to engage Reno in fun and conversational chit-chat, leveraging a multitude of sources, including ChatGPT, to provide accurate and relevant responses to nearly every query imaginable. The interaction with Reno will be even more enhanced by Cerence’s neural text-to-speech, which enables Reno to convey different emotions in its responses to drivers, including apprehensive, cheerful, empathetic, sad, and serious.

“Reno marks the next generation of the Renault in-car experience, offering intuitive and natural interaction that brings added value and enjoyment to our customers,” said Luc Julia, Chief Scientific Officer, Renault Group. “With Cerence Chat Pro, we’re leveraging the latest in generative AI but making it applicable to the driving experience, bringing a new level of intelligence and capability to Reno that will enhance learning to use an electric vehicle, as well as safety and comfort for the drivers and the passengers.”

At the foundation of Reno’s new, generative AI-powered capabilities is a deeply integrated, voice-enabled experience based on Cerence Assistant. In addition to voice-powered control of key vehicle features and functions, Reno leverages car data and sensors to proactively suggest ways to enhance driving performance, like changing the driving mode to maximize range or turning on the windshield defroster in certain weather. Reno can also answer the most commonly asked questions about the car, delivering credible and accurate information direct from Renault sources, powered by Cerence Car Knowledge.

“We’re proud to continue our long-term partnership with Renault to bring advanced capabilities to Reno as it transforms the in-car interaction experience for Renault customers,” said Christian Mentz, Chief Revenue Officer, Cerence. “As we look to the future of the in-car experience, Reno marks an important milestone in bringing more human-like interaction to the car – a fun, knowledgeable companion that delivers a host of expanded capabilities to support drivers’ every need.”

Reno made its debut in Renault 5 E-Tech electric in September 2024 and will also be available in Renault 4 E-Tech electric in 2025 .

To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn.

About Cerence Inc.
Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, AI-powered interaction between humans and their vehicles, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and 500 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or two-wheelers, Cerence is mapping the road ahead. For more information, visit www.cerence.com.

About Renault
Renault, a historic mobility brand and pioneer of electric vehicles in Europe, has always developed innovative vehicles. With the ‘Renaulution’ strategic plan, Renault has embarked on an ambitious, value-generating transformation, moving towards a more competitive, balanced and electrified range. Its ambition is to embody modernity and innovation in technology, energy and mobility services in the automotive industry and beyond.

Contact Information

Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

The MIL Network –

January 25, 2025
MIL-OSI: IQST – iQSTEL to Present at the AI & Technology Virtual Investor Conference October 31st
Source: GlobeNewswire (MIL-OSI)

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) — iQSTEL Inc (OTCQX: IQST), based in Miami, Florida, focused on Telecommunications, Fintech, Cybersecurity and AI Services, today announced that Jose E. Puente, CEO of Reality Border (iQSTEL´s Subsidiary) and Leandro Jose Iglesias, CEO & President of iQSTEL, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on October 31^st, 2024.

DATE: October 31^st
TIME: 11:00 – 11:30 am ET
LINK: https://bit.ly/3ASgcyv
Available for 1×1 meetings: November 4^th and 5^th

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

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

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

Recent iQSTEL Highlights
1. Launch of High-Margin AIRWEB AI Solutions
  iQSTEL’s strategic focus on high-margin products, as shown by the launch of AIRWEB, is central to its growth plan. AIRWEB leverages the latest AI technology, positioning iQSTEL as a competitive player in the $741 billion global contact center market expected by 2030.
2. Partnership Expansion with Cycurion
  iQSTEL has partnered with Cycurion to provide cybersecurity solutions, extending its high-tech, high-margin product offerings. This aligns with iQSTEL’s strategic growth in diversified technology sectors, including Fintech, AI, and cybersecurity.
3. Engagement with ONAR for Branding Development
  iQSTEL has partnered with ONAR, a marketing agency, to enhance its branding and marketing presence. This collaboration strengthens iQSTEL’s positioning and brand awareness in high-tech and emerging markets, supporting the launch and visibility of innovations like AIRWEB.
4. Global Presence and Market Reach
  iQSTEL continues to expand internationally, now operating in 20 countries. This global reach allows the company to deploy solutions like Cybersecurity and AIRWEB across diverse markets, leveraging its established customer base for broader engagement.
5. $1 Billion Revenue Goal by 2027
  iQSTEL has set a goal to achieve $1 billion in revenue by 2027, and the launch of AIRWEB contributes to this vision by providing a scalable, AI-driven solution that enhances customer service while reducing costs, increasing profit potential in high-growth sectors.
These highlights reflect iQSTEL’s dedication to innovation, international growth, financial stability, and strategic partnerships, reinforcing its mission to become a leader in telecommunications, AI, and high-margin technology products

About Virtual Investor Conferences^®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

About Reality Border:

Reality Border (www.realityborder.com), the AI-Services subsidiary of iQSTEL, Inc. (OTCQX: IQST), specializes in providing AI-driven customer engagement solutions that help businesses scale and personalize their customer interactions. With a focus on simplicity and powerful AI technology, Reality Border enables businesses to achieve growth and operational efficiency with minimal complexity.

Company Website:

www.realityborder.com

Airweb Service Website:

www.airweb.ai

About iQSTEL (Updated Oct. 2024):

iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based multinational publicly listed company in the final stages of the path to becoming listed on NASDAQ. With FY2023 revenues of $144 million and a forecasted $290 million in revenue, alongside positive operating income of seven digits for FY-2024, iQSTEL is positioning itself for explosive growth. iQSTEL’s mission is to serve basic human needs in today’s modern world by making essential tools accessible, regardless of race, ethnicity, religion, socioeconomic status, or identity. The company recognizes that modern human needs such as physiological, safety, relationship, esteem, and self-actualization are marginalized without access to ubiquitous communications, financial freedom, clean, affordable mobility, and information.

iQSTEL has been building a strong business platform with its customers, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. iQSTEL is strategically positioned to achieve $1 billion in revenue by 2027 through organic growth, acquisitions, and high-margin product expansion.
- Telecommunications Services Division (Communications):
  Includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
- Fintech Division (Financial Freedom):
  Provides remittance services, top-up services, a MasterCard Debit Card, US bank accounts (no SSN required), and a Mobile App.
- Electric Vehicles (EV) Division (Mobility):
  Offers Electric Motorcycles and plans to launch a Mid-Speed Car.
- Artificial Intelligence (AI) Services Division (Information and Content):
  Provides AI solutions for unified customer engagement across web and phone channels, along with a white-label platform offering seamless access to services, entertainment, and support in a virtual 3D interface.
- Cybersecurity Services:
  Through a new partnership with Cycurion, iQSTEL will offer advanced cybersecurity solutions, including 24/7 monitoring, threat detection, incident response, vulnerability assessments, and compliance management, providing essential protection to telecommunications clients and beyond.
iQSTEL has completed 11 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions, further expanding its suite of products and services both organically and through mergers and acquisitions.

iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com

Contact Details
iQSTEL Inc.
+1 646-740-0907
investors@iqstel.com

Company Website
www.iqstel.com

Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The MIL Network –
January 25, 2025
MIL-OSI: Two Six Technologies Captures Strategic Win with Award on $4 Billion DTRA Contract

Source: GlobeNewswire (MIL-OSI)

ARLINGTON, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) — Two Six Technologies (“Two Six”), a high-growth, technology-focused provider of products and expertise to U.S. national security customers, has established its next level of growth and success through its award on a 10-year, indefinite-delivery/indefinite-quantity (IDIQ) contract from the Defense Threat Reduction Agency’s (DTRA) Research and Development Directorate with a maximum cumulative ceiling of $4 billion.

“I could not be more proud of the Two Six team who won this next-tier contract award,” said Joe Logue, CEO of Two Six Technologies. “We went up against the large, legacy companies – all experts in their specific fields – and were selected for an award, which highlights our unique capabilities as a mission-driven company focused on rapid innovations, cutting-edge technologies, and solving complex national security challenges.”

The contract was designed for performing research, development, test and evaluation, maintenance, support, systems engineering and/or sustainment to provide scientific and technological solutions to meet the Department of Defense’s priority Combating Weapons of Mass Destruction objectives. Work within the program is divided into three pools: (1) artificial intelligence, machine learning, data science, and software development; (2) operations and countermeasures in a chemical, biological, radiological, and nuclear environment; and (3) targeting, information operations, and irregular warfare.

Two Six, among the youngest and smallest of the nine companies awarded slots on the contract, was selected based on the unique strategy it presented to DTRA, including its ability to adapt to client needs with proprietary products and expertise. The company expects to bid on specific task orders that fit within Two Six’s core expertise of innovative technology development, deep research and development capabilities, and agile project execution.

“Being named to this contract is meaningful and important on so many levels,” said Greg Bitel, Vice President of Business Development. “First, it demonstrates that Two Six has created a new and disruptive approach to winning competitive awards against much larger and longer-established firms. Second, it’s a massive growth opportunity for our company – and one we intend to seize upon. And third, it’s a recognition of the very intentional and strategic ways in which Two Six has grown and matured our capabilities to be a leader in the industry.”

Two Six Technologies was formed in February 2021, with the backing of global investment firm The Carlyle Group, as a new generation of technology company focused on U.S. Government customers. Over the past three years Two Six has accelerated its growth and strengthened its focus on five technical areas essential to national security missions: cyber, information operations, resilient communications, electronic systems, and zero trust solutions. The company’s driving force continues to be its two-part mission to deliver technological superiority for the nation and empower passionate people to succeed as a team.

About Two Six Technologies
Two Six Technologies is a high-growth technology company dedicated to providing innovative products and expertise for defense, intelligence, public safety, and national security customers. The company solves complex technical challenges in five focus areas that are key to missions on the modern battlefield: cyber, information operations, resilient communications, electronic systems, and zero trust solutions.

The company offers a robust suite of sole source contract vehicles with more than $1.5 billion of combined contract ceiling; a family of operationally deployed products including IKE™, Pulse, TrustedKeep™, SIGMA™, and TrustMobile; and a global operational footprint that includes technical access in more than 100 countries coupled with native proficiency in more than 20 languages.

Two Six supports national security customers across the Department of Defense, including U.S. Special Operations Command, U.S. Cyber Command and DARPA; Department of State; the Intelligence Community; and Civilian agencies.

Two Six is headquartered in Arlington, Virginia and employs more than 870 professionals working in 37 states across the country.

For more information, visit twosixtech.com and Two Six Technologies on LinkedIn.

Media Contact
David Leach
Vice President of Corporate Development
david.leach@twosixtech.com
703-782-9473

The MIL Network –

January 25, 2025

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