Category: Artificial Intelligence

  • MIL-OSI Analysis: Social media can support or undermine democracy – it comes down to how it’s designed

    Source: The Conversation – USA – By Lisa Schirch, Professor of the Practice of Peace Studies, University of Notre Dame

    A protester calls out Facebook for facilitating the spread of disinformation. AP Photo/Jeff Chiu

    Every design choice that social media platforms make nudges users toward certain actions, values and emotional states.

    It is a design choice to offer a news feed that combines verified news sources with conspiracy blogs – interspersed with photos of a family picnic – with no distinction between these very different types of information. It is a design choice to use algorithms that find the most emotional or outrageous content to show users, hoping it keeps them online. And it is a design choice to send bright red notifications, keeping people in a state of expectation for the next photo or juicy piece of gossip.

    Platform design is a silent pilot steering human behavior.

    Social media platforms are bringing massive changes to how people get their news and how they communicate and behave. For example, the “endless scroll” is a design feature that aims to keep users scrolling and never reaching the bottom of a page where they might decide to pause.

    I’m a political scientist who researches aspects of technology that support democracy and social cohesion, and I’ve observed how the design of social media platforms affects them.

    Democracy is in crisis globally, and technology is playing a role. Most large platforms optimize their designs for profit, not community or democracy. Increasingly, Big Tech is siding with autocrats, and the platforms’ designs help keep society under control.

    There are alternatives, however. Some companies design online platforms to defend democratic values.

    Optimized for profit

    A handful of tech billionaires dominate the global information ecosystem. Without public accountability or oversight, they determine what news shows up on your feed and what data they collect and share.

    Social media companies say they are in the business of connecting people, but they make most of their money as data brokers and advertising firms. Time spent on platforms translates to profit. The more time you spend online, the more ads you see and the more data they can collect from you.

    This ad-based business model demands designs that encourage endless scrolling, social comparison and emotional engagement. Platforms routinely claim they merely reflect user behavior, yet internal documents and whistleblower accounts have shown that toxic content often gets a boost because it captures people’s attention.

    Tech companies design platforms based on extensive psychological research. Examples include flashing notifications that make your phone jump and squeak, colorful rewards when others like your posts, and algorithms that push out the most emotional content to stimulate your most base emotions of anger, shame or glee.

    How social media algorithms work, explained.

    Optimizing designs for user engagement undermines mental health and society. Social media sites favor hype and scandal over factual accuracy, and public manipulation over designing for safety, privacy and user agency. The resulting prevalence of polarizing false and deceptive information is corrosive to democracy.

    Many analysts identified these problems nearly a decade ago. But now there is a new threat: Some tech executives are looking to capture political power to advance a new era of techno-autocracy.

    Optimized for political power

    A techno-autocracy is a political system where an authoritarian government uses technology to control its population. Techno-autocrats spread disinformation and propaganda, using fear tactics to demonize others and distract from corruption. They leverage massive amounts of data, artificial intelligence and surveillance to censor opponents.

    For example, China uses technology to monitor and surveil its population with public cameras. Chinese platforms like WeChat and Weibo automatically scan, block or delete messages and posts for sensitive words like “freedom of speech.” Russia promotes domestic platforms like VK that are closely monitored and partly owned by state-linked entities that use it to promote political propaganda.

    Over a decade ago, tech billionaires like Elon Musk and Peter Thiel, and now Vice President JD Vance, began aligning with far-right political philosophers like Curtis Yarvin. They argue that democracy impedes innovation, favoring concentrated decision-making in corporate-controlled mini-states governed through surveillance. Embracing this philosophy of techno-autocracy, they moved from funding and designing the internet to reshaping government.

    Techno-autocrats weaponize social media platforms as part of their plan to dismantle democratic institutions.

    The political capture of both X and Meta also have consequences for global security. At Meta, Mark Zuckerberg removed barriers to right-wing propaganda and openly endorsed President Donald Trump’s agenda. Musk changed X’s algorithm to highlight right-wing content, including Russian propaganda.

    Designing tech for democracy

    Recognizing the power that platform design has on society, some companies are designing new civic participation platforms that support rather than undermine society’s access to verified information and places for public deliberation. These platforms offer design features that big tech companies could adopt for improving democratic engagement that can help counter techno-autocracy.

    In 2014, a group of technologists founded Pol.is, an open-source technology for hosting public deliberation that leverages data science. Pol.is enables participants to propose and vote on policy ideas using what they call “computational democracy.” The Pol.is design avoids personal attacks by having no “reply” button. It offers no flashy newsfeed, and it uses algorithms that identify areas of agreement and disagreement to help people make sense of a diversity of opinions. A prompt question asks for people to offer ideas and vote up or down on other ideas. People participate anonymously, helping to keep the focus on the issues and not the people.

    The civic participation platform Pol.is helps large numbers of people share their views without distractions or personal attacks.

    Taiwan used the Pol.is platform to enable mass civic engagement in the 2014 democracy movement. The U.K. government’s Collective Intelligence Lab used the platform to generate public discussion and generate new policy proposals on climate and health care policies. In Finland, a public foundation called Sitra uses Pol.is in its “What do you think, Finland?” public dialogues.

    Barcelona, Spain, designed a new participatory democracy platform called Decidim in 2017. Now used throughout Spain and Europe, Decidim enables citizens to collaboratively propose, debate and decide on public policies and budgets through transparent digital processes.

    Nobel Peace Laureate Maria Ressa founded Rappler Communities in 2023, a social network in the Philippines that combines journalism, community and technology. It aims to restore trust in institutions by providing safe spaces for exchanging ideas and connecting with neighbors, journalists and civil society groups. Rappler Communities offers the public data privacy and portability, meaning you can take your information – like photos, contacts or messages – from one app or platform and transfer it to another. These design features are not available on the major social media platforms.

    Rappler Communities is a social network in the Philippines that combines journalism, community and technology.
    Screenshot of Rappler Communities

    Tech designed for improving public dialogue is possible – and can even work in the middle of a war zone. In 2024, the Alliance for Middle East Peace began using Remesh.ai, an AI-based platform, to find areas of common ground between Israelis and Palestinians in order to advance the idea of a public peace process and identify elements of a ceasefire agreement.

    Platform designs are a form of social engineering to achieve some sort of goal – because they shape how people behave, think and interact – often invisibly. Designing more and better platforms to support democracy can be an antidote to the wave of global autocracy that is increasingly bolstered by tech platforms that tighten public control.

    Lisa Schirch receives funding from the Ford Foundation. I know the founder of Pol.is and Remesh platforms, mentioned in this article, as well as Maria Ressa of Rappler Communities.

    I will not benefit in any way from describing their work.

    ref. Social media can support or undermine democracy – it comes down to how it’s designed – https://theconversation.com/social-media-can-support-or-undermine-democracy-it-comes-down-to-how-its-designed-257103

    MIL OSI Analysis

  • MIL-OSI Russia: Sanya’s Qianguqing Park Expands Range of Interactive Programs for Russian Tourists

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    HAIKOU, July 7 (Xinhua) — A preliminary familiarization tour of the “Qianguqing Carnival” was held recently at the major Qianguqing (Millennium Romance) theme park in Sanya, south China’s Hainan Province, during which Russian tourists were offered various interactive activities.

    According to the park’s representative, Huang Jia, Russian tourists were taught Chinese idioms, introduced to China’s intangible cultural heritage, and involved in traditional folk dances. This initiative helped to effectively overcome language and cultural barriers, allowing Russian guests to visually and deeply become acquainted with the charm of traditional Chinese culture and the distinctive color of Hainan Province.

    According to the data, following the results of the first 5 months of this year, Russian tourists were consistently leading in number among foreign guests of Sanya, demonstrating a trend towards a younger contingent. Moreover, almost 80% of travelers from Russia stayed in the city for more than four days. At the same time, Russians traditionally make up the main category of foreign visitors to the Qianguqing theme park, the number of visits to which has been rapidly growing in recent years.

    According to Huang Jia, in order to deepen international cultural exchanges, expand overseas markets and improve service quality, the park has installed signs in Russian, trained guides fluent in Chinese and Russian, and invited Russian artists to participate in performances. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI: Ambiq Micro, Inc. Announces Filing of Registration Statement For Proposed Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 07, 2025 (GLOBE NEWSWIRE) — Ambiq Micro, Inc. (“Ambiq”), a technology leader in ultra-low-power semiconductor solutions for edge AI, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The proposed offering is subject to market and other conditions and there can be no assurance as to whether or when the proposed offering may be completed. The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. Ambiq intends to apply to have its common stock listed on the New York Stock Exchange under the symbol “AMBQ.”

    BofA Securities and UBS Investment Bank will act as joint lead book-running managers for the proposed offering. Needham & Company and Stifel will act as joint book-running managers for the proposed offering.

    The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the proposed offering may be obtained by contacting: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, by telephone at (888) 827-7275 or by emailing ol-prospectus-request@ubs.com.

    A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. 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 Ambiq

    Ambiq’s mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. Ambiq enables its customers to deliver AI compute at the edge where power consumption challenges are the most profound. Ambiq’s technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT®), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. Ambiq has powered over 270 million devices to date.

    Contact:

    Charlene Wan         
    VP of Corporate Marketing and Investor Relations  
    cwan@ambiq.com   

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4276024-7323-4f81-824e-f6013ad38336

    The MIL Network

  • MIL-OSI: insightsoftware Research Reveals Nearly Half of Finance Teams Questioning Tariff Preparedness

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., July 07, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today released new research showing that 43% of finance professionals are uncertain about their organization’s readiness to navigate tariff impacts. The study reveals that access to modern forecasting tools and real-time data creates a decisive advantage in navigating economic uncertainty.

    Learn how to build tariff-ready finance operations at insightsoftware’s Global Tariff Management Resource Center and discover how AI-powered solutions help bridge the gap between traditional financial planning and modern, insight-driven decision making.

    Among finance professionals confident in their organization’s readiness, 59% credit their success to having adequate forecasting and modeling tools. Organizations with streamlined data access perform significantly better—79% of respondents who can easily access data without IT blockers felt prepared for tariffs. The findings also reveal an untapped AI opportunity––32% of unprepared teams blame their lack of AI capabilities for their uncertainty.

    “The research confirms what we see across the market—finance teams with the right technology foundation are thriving while those stuck with outdated tools are struggling,” said Josh Schauer, Chief Financial Officer at insightsoftware. “The gap between prepared and unprepared teams is widening, and it’s directly tied to the ability to quickly access, analyze, and act on financial data. This isn’t just about tariffs—it’s about building resilient and agile finance operations that can adapt to any economic challenge.”

    The study found that smaller companies demonstrate superior preparedness. Companies with 500-999 employees show 65% readiness and those with 1,000-4,999 employees report 64% preparedness, compared to only 46% of companies with 10,000+ employees. This suggests organizational agility and decision-making speed provide competitive advantages during uncertain times. Millennial finance professionals show the highest readiness rates at 68%, outpacing Gen X (47%) and Baby Boomers (51%).

    The results in this report are from an online survey of 439 finance professionals in firms with 500 or more employees. The survey was fielded from May 9 to June 2, 2025, by Researchscape.

    About insightsoftware

    insightsoftware is a global provider of comprehensive solutions for the Office of the CFO.

    We believe an actionable business strategy begins and ends with accessible financial data. With solutions across financial planning and analysis (FPCA), accounting, and operations, we transform how teams operate, empowering leaders to make timely and informed decisions. With data at the heart of everything we do, insightsoftware enables automated processes, delivers trusted insights, boosts predictability, and increases productivity. Learn more at insightsoftware.com.

    Media Contacts

    Inkhouse for insightsoftware insightsoftware@inkhouse.com

    insightsoftware PR Team PR@insightsoftware.com

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  • MIL-OSI: CoreNest Capital Announces Investments in 10 Frontier Companies Including Safe Superintelligence (SSI), Neuralink, Perceptive, Orbit Fab and Ottonomy

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 07, 2025 (GLOBE NEWSWIRE) — CoreNest Capital, the Dubai-based venture capital firm focused on foundational technologies, today announced new investments across ten companies operating at the forefront of artificial intelligence, robotics, medtech, fintech, and Web3.

    The latest round includes Safe Superintelligence (SSI), Neuralink, Coverstar, Nilo, Orbit Fab, Pax Markets, Perceptive, Ottonomy, Bond, Cheddr. Each company aligns with CoreNest’s thesis of backing platforms and technologies with the potential to redefine global infrastructure.

    “We’re living through a technological supercycle where yesterday’s playbooks are obsolete. This era belongs to the builders who rethink what’s possible and move fast enough to make it real. At CoreNest, we don’t chase hype. We fund the foundations. The future doesn’t just happen. It gets architected.”Bob Ras, General Partner & Co-Founder of CoreNest Capital

    CoreNest’s latest investments include:

    Bond: AI Chief of Staff that summarizes, alerts, and aligns teams in real time.

    Cheddr: Social sports gaming platform offering fast, fun, and rewarding experiences.

    Coverstar: Safe social media platform tailored for Gen Alpha users.

    Neuralink: Brain–computer interfaces enabling direct neural control of devices.

    Nilo: AI-powered platform democratizing 3D world-building for immersive content creation.

    Orbit Fab: In-space refueling services extending satellite missions and enabling dynamic operations.

    Ottonomy: Autonomous delivery robots for airports, retail, and last-mile logistics.

    Pax Markets: Hardware-accelerated ATS offering zero-fee and ultra-fast trading.

    Perceptive: AI-driven dental robotics providing precise, automated dental care solutions.

    Safe Superintelligence (SSI): AI lab focused solely on building safe superintelligence.

    CoreNest operates with a stage-agnostic, founder-aligned model, bringing technical depth, strategic guidance, and global reach to every partnership. The firm continues to focus on companies driving large-scale shifts in how societies operate, transact, and interact with emerging technologies.

    About CoreNest Capital

    CoreNest Capital is a global venture capital firm based in Dubai, UAE. The firm invests in bold founders building next-generation infrastructure across AI, robotics, medtech, fintech, and Web3. With a focus on high-impact technologies and long-term value creation, CoreNest provides capital, operating expertise, and deep ecosystem access to support its portfolio at every stage of growth.

    CoreNest’s existing portfolio includes category-defining companies such as OpenAI, xAI, SpaceX, and Artisan, among others. Visit www.corenest.com for more information.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0cbe15b5-37b0-47e3-947c-1b36f6514bdb

    The MIL Network

  • MIL-OSI: Electude, the leader in automotive and truck e-learning, announces partnership with Elite Tuned School

    Source: GlobeNewswire (MIL-OSI)

    BRAINTREE, Mass., July 07, 2025 (GLOBE NEWSWIRE) — Electude North America is pleased to announce it has formed a partnership with Elite Tuned School to distribute its Elite Tuned Performance courses via the Electude LMS.

    Elite Tuned School is proud to bring three cutting-edge tuning and calibration courses to Electude’s platform, providing a progressive path to introduce students to modern engine calibration and diagnostics using HP Tuners:

    • Diagnostics & Calibration Essentials – A foundational course introducing students to engine control systems, diagnostics, sensor functions, and entry-level calibration strategies.
    • High Performance I: Naturally Aspirated Tuning – Focused on building performance calibrations for NA platforms, this course covers airflow modeling, fueling, spark control, and base file development.
    • High Performance II: Boosted Performance Calibration – Designed for advanced students, this course explores forced induction tuning strategies, including MAP scaling, injector setup, spark adjustments, dyno operation, and real-world base file builds.

    These courses are designed to fit into high school and post-secondary automotive programs, offering real-world tuning knowledge in an engaging, structured format.

    Mike Carnahan, Co-Founder, Elite Tuned School, said: “Partnering with Electude allows us to put powerful, real-world calibration training directly into classrooms across the country. The goal has always been to make tuning education more accessible and practical—and this collaboration brings that vision to life for the next generation of automotive professionals.” Darrell Christopher, Regional Director for Electude North America, said “A number of our customers teach automotive hi-performance courses and partnering with the team at Elite Tuned School was a natural for us. In addition, our Electude Classroom e-learning course is the perfect companion to get hi-performance students the tools they need for success!”

    Elite Tuned School Elite Tuned Performance courses are available to educational institutions through the United States now. These courses require are a separate purchase in addition to any other Electude e-learning courses a school or college may be using. Your Electude business development manager can get you started!

    About Electude: Electude has been a global innovation leader in automotive technology education for over 30 years. Electude is in use today globally by over 900,000 students and over 50,000 instructors in 70 nations, translated into 35 languages. Using an integrative, highly interactive gamified learning method, Electude has revolutionized the automotive education industry by empowering vocational students to learn effectively and give instructors custom time-saving tools. Electude North America provides a localized version of Electude to customers in the United States, Canada and the Caribbean. Visit www.electude.com for more information.

    About Elite Tuned School:

    Elite Tuned School is a leader in high-performance automotive education, offering a unique, real-world approach to engine calibration using the latest software and strategies. Built by professional tuners, Elite Tuned delivers hands-on, industry-relevant instruction for aspiring professionals and enthusiasts alike. With a focus on diagnostics, base file creation, forced induction strategies, and dyno integration, Elite Tuned empowers students to calibrate with confidence and understanding. Questions? Reach us at: Electude@EliteTuned.com.

    The MIL Network

  • MIL-OSI: EXL named a Leader in Everest Group Data and AI Services Specialists PEAK Matrix® Assessment 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, has been named the top Leader in the Everest Group Analytics and Artificial Intelligence (AI) Services Specialists PEAK Matrix® Assessment 2025, for the second consecutive year.

    The Everest Group report examined 32 leading providers who derive more than 50% of their revenue from analytics and AI services on their ability to meet enterprise needs and deliver scalable, secure and high-impact AI and data solutions. EXL secured the top-right Leader position in the assessment for its robust generative AI capabilities, domain-led expertise and IP to accelerate client time-to-value.

    “EXL has invested in advancing its data and AI capabilities, with an emphasis on domain-specific applications across insurance, healthcare, and retail,” said Vishal Gupta, partner at Everest Group. “This is reflected in solutions such as EXL Claims Assist, which leverages GenAI to streamline insurance claims processing. Its growing IP portfolio, including platforms like XTRAKTO.AI™ for intelligent document processing and EXL Code Harbor™ for AI-assisted code generation, enables faster implementation and greater operational efficiency. In addition, its collaboration with NVIDIA, leveraging platforms such as the NVIDIA NeMo™ and AI Enterprise to power offerings such as EXL Insurance LLM™ and EXL Smart Agent Assist™, strengthens its ability to build and scale high-performance AI solutions. These efforts have contributed to EXL’s positioning as a Leader in Everest Group’s Data and AI Services Specialists PEAK Matrix® Assessment 2025.”

    “Many companies have adopted AI, but only the true leaders in the space are going several steps further to integrate AI across enterprise workflows, leveraging the power of this technology to truly transform their operating models,” said Anand “Andy” Logani, chief digital and AI officer at EXL. “EXL’s consistent performance in the Everest Group PEAK Matrix is an affirmation of our efforts to not just play in the AI space, but to be the world leader in helping our clients unlock the full power of AI to improve their businesses.”

    To read more about the Everest Group 2025 report, click here for the custom version of the report. For more information about EXL’s analytics and AI solutions, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network

  • MIL-OSI: EXL named a Leader in Everest Group Data and AI Services Specialists PEAK Matrix® Assessment 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, has been named the top Leader in the Everest Group Analytics and Artificial Intelligence (AI) Services Specialists PEAK Matrix® Assessment 2025, for the second consecutive year.

    The Everest Group report examined 32 leading providers who derive more than 50% of their revenue from analytics and AI services on their ability to meet enterprise needs and deliver scalable, secure and high-impact AI and data solutions. EXL secured the top-right Leader position in the assessment for its robust generative AI capabilities, domain-led expertise and IP to accelerate client time-to-value.

    “EXL has invested in advancing its data and AI capabilities, with an emphasis on domain-specific applications across insurance, healthcare, and retail,” said Vishal Gupta, partner at Everest Group. “This is reflected in solutions such as EXL Claims Assist, which leverages GenAI to streamline insurance claims processing. Its growing IP portfolio, including platforms like XTRAKTO.AI™ for intelligent document processing and EXL Code Harbor™ for AI-assisted code generation, enables faster implementation and greater operational efficiency. In addition, its collaboration with NVIDIA, leveraging platforms such as the NVIDIA NeMo™ and AI Enterprise to power offerings such as EXL Insurance LLM™ and EXL Smart Agent Assist™, strengthens its ability to build and scale high-performance AI solutions. These efforts have contributed to EXL’s positioning as a Leader in Everest Group’s Data and AI Services Specialists PEAK Matrix® Assessment 2025.”

    “Many companies have adopted AI, but only the true leaders in the space are going several steps further to integrate AI across enterprise workflows, leveraging the power of this technology to truly transform their operating models,” said Anand “Andy” Logani, chief digital and AI officer at EXL. “EXL’s consistent performance in the Everest Group PEAK Matrix is an affirmation of our efforts to not just play in the AI space, but to be the world leader in helping our clients unlock the full power of AI to improve their businesses.”

    To read more about the Everest Group 2025 report, click here for the custom version of the report. For more information about EXL’s analytics and AI solutions, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network

  • MIL-OSI: Transfix Launches Smart Uploads and Routing Guide to Modernize End-to-End Freight Pricing and Procurement

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) — Transfix, a leading freight technology company, today announced the launch of two powerful features, Smart Uploads and Routing Guide, that together redefine the pricing and procurement experience for freight brokers. Built into the Transfix Solutions Console, these AI-driven tools eliminate manual bottlenecks from RFP management and carrier booking, helping brokers price smarter, respond faster, and execute more reliably in a volatile market.

    “Freight brokers have long been stuck between inconsistent RFP formats on one end and fragmented carrier networks on the other,” said Jonathan Salama, CEO and Co-founder of Transfix. “With Smart Uploads and Routing Guide, we’re modernizing the entire pricing and procurement lifecycle, from ingestion to execution, by combining automation with actionable intelligence. This is a huge step toward building freight’s first Quote Management System.”

    Modernizing Freight from File to Final Mile

    Together, Smart Uploads and Routing Guide represent a full-stack solution for the freight industry’s most persistent pain points: messy data, manual workflows, inconsistent pricing, and unreliable carrier performance.

    Smart Uploads: AI-Driven RFP Ingestion

    Now available within the Transfix Solutions Console, Smart Uploads automatically converts shipper-submitted RFPs into a clean, structured format, regardless of the original spreadsheet layout. The AI identifies key fields, flags ambiguities, and preserves the original file for full traceability, saving brokers hours of formatting time and eliminating costly errors.

    A future release will introduce Smart Downloads, allowing users to export pricing responses in the shipper’s original format, ensuring a seamless, round-trip RFP process.

    Key Benefits of Smart Uploads include:

    • Instant AI Mapping: Automatically aligns shipper RFP formats to Transfix’s proprietary pricing system
    • Error Visibility: Flags problematic fields for review without halting progress
    • Faster Turnaround: Slashes manual prep time so brokers can respond sooner
    • Higher Accuracy: Reduces costly data entry errors

    Routing Guide: Operational Intelligence for Carrier Selection

    Also launched today, Routing Guide enables brokers to lock in that pricing intelligence with consistent, high-performing carrier assignments. Using historical data, brokers can build high-quality networks, automate recurring freight, and reduce fraud by surfacing only vetted, trusted partners. Brokers can also set rate-optimizing margins and preferences by day or lane, ensuring reliable service with every booking.

    Key Benefits of Routing Guide include:

    • Stronger Partnerships: Prioritize top-performing carriers by lane
    • Faster Execution: Eliminate manual vetting for recurring loads
    • Reduced Fraud: Rely on trusted partners and minimize risk
    • Better KPIs: Improve delivery performance and margin outcomes

    With both tools now live in the Transfix Solutions Console, freight brokers gain a strategic, end-to-end advantage in today’s competitive market. By transforming messy, error-prone spreadsheets into actionable pricing and pairing those rates with the best carriers for the job, Transfix is delivering on its vision to create the industry’s first fully-integrated Quote Management System (QMS).

    To learn more about Transfix and its freight solutions, visit www.transfix.io.


    About Transfix
    Transfix, Inc. is a freight technology leader dedicated to empowering brokers and 3PLs with innovative AI-driven pricing and load management solutions. Our Custom Rate Prediction Suite delivers tailored, highly accurate spot and contract rate forecasts, streamlined RFP workflows, and automated bidding tools that save time and improve margins. With over a decade of brokerage expertise and a commitment to data privacy, Transfix provides real-time insights and custom models that give brokers a competitive edge while ensuring their data remains proprietary and confidential. Transform your operations with the trusted partner in freight technology.

    Media Contact:
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    The MIL Network

  • MIL-OSI: Transfix Launches Smart Uploads and Routing Guide to Modernize End-to-End Freight Pricing and Procurement

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) — Transfix, a leading freight technology company, today announced the launch of two powerful features, Smart Uploads and Routing Guide, that together redefine the pricing and procurement experience for freight brokers. Built into the Transfix Solutions Console, these AI-driven tools eliminate manual bottlenecks from RFP management and carrier booking, helping brokers price smarter, respond faster, and execute more reliably in a volatile market.

    “Freight brokers have long been stuck between inconsistent RFP formats on one end and fragmented carrier networks on the other,” said Jonathan Salama, CEO and Co-founder of Transfix. “With Smart Uploads and Routing Guide, we’re modernizing the entire pricing and procurement lifecycle, from ingestion to execution, by combining automation with actionable intelligence. This is a huge step toward building freight’s first Quote Management System.”

    Modernizing Freight from File to Final Mile

    Together, Smart Uploads and Routing Guide represent a full-stack solution for the freight industry’s most persistent pain points: messy data, manual workflows, inconsistent pricing, and unreliable carrier performance.

    Smart Uploads: AI-Driven RFP Ingestion

    Now available within the Transfix Solutions Console, Smart Uploads automatically converts shipper-submitted RFPs into a clean, structured format, regardless of the original spreadsheet layout. The AI identifies key fields, flags ambiguities, and preserves the original file for full traceability, saving brokers hours of formatting time and eliminating costly errors.

    A future release will introduce Smart Downloads, allowing users to export pricing responses in the shipper’s original format, ensuring a seamless, round-trip RFP process.

    Key Benefits of Smart Uploads include:

    • Instant AI Mapping: Automatically aligns shipper RFP formats to Transfix’s proprietary pricing system
    • Error Visibility: Flags problematic fields for review without halting progress
    • Faster Turnaround: Slashes manual prep time so brokers can respond sooner
    • Higher Accuracy: Reduces costly data entry errors

    Routing Guide: Operational Intelligence for Carrier Selection

    Also launched today, Routing Guide enables brokers to lock in that pricing intelligence with consistent, high-performing carrier assignments. Using historical data, brokers can build high-quality networks, automate recurring freight, and reduce fraud by surfacing only vetted, trusted partners. Brokers can also set rate-optimizing margins and preferences by day or lane, ensuring reliable service with every booking.

    Key Benefits of Routing Guide include:

    • Stronger Partnerships: Prioritize top-performing carriers by lane
    • Faster Execution: Eliminate manual vetting for recurring loads
    • Reduced Fraud: Rely on trusted partners and minimize risk
    • Better KPIs: Improve delivery performance and margin outcomes

    With both tools now live in the Transfix Solutions Console, freight brokers gain a strategic, end-to-end advantage in today’s competitive market. By transforming messy, error-prone spreadsheets into actionable pricing and pairing those rates with the best carriers for the job, Transfix is delivering on its vision to create the industry’s first fully-integrated Quote Management System (QMS).

    To learn more about Transfix and its freight solutions, visit www.transfix.io.


    About Transfix
    Transfix, Inc. is a freight technology leader dedicated to empowering brokers and 3PLs with innovative AI-driven pricing and load management solutions. Our Custom Rate Prediction Suite delivers tailored, highly accurate spot and contract rate forecasts, streamlined RFP workflows, and automated bidding tools that save time and improve margins. With over a decade of brokerage expertise and a commitment to data privacy, Transfix provides real-time insights and custom models that give brokers a competitive edge while ensuring their data remains proprietary and confidential. Transform your operations with the trusted partner in freight technology.

    Media Contact:
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    The MIL Network

  • MIL-OSI: BIO-Europe® 2025 Gathers Global Life Sciences Leaders in Vienna

    Source: GlobeNewswire (MIL-OSI)

    MUNICH, Germany, July 07, 2025 (GLOBE NEWSWIRE) — The 31st annual edition of BIO-Europe, the premier partnering conference for the global biopharmaceutical industry organized by EBD Group, will take place in Vienna, Austria, from November 3 – 5, 2025, followed by a digital partnering experience on November 11 – 12.

    BIO-Europe continues to serve as a cornerstone event for life science dealmaking and brings together key decision-makers to spark innovation, investment, and partnerships. The 2025 edition is expected to welcome 5,700+ participants from 2,900 companies worldwide, including top-level management from the world’s top 50 pharma firms. Attendees will engage in over 30,000 one-to-one meetings, advancing therapeutic innovation and dealmaking across the ecosystem.

    “In times when uncertainty and complexity shape the global landscape, strategic collaboration is more vital than ever,” said Claire Macht, European Portfolio Director for EBD Group. “BIO-Europe provides a high-impact platform where partnerships flourish – across borders, disciplines, and development stages. Innovation in life sciences doesn’t happen in isolation, it happens when people connect, share ideas, and transform vision into action. Vienna’s vibrant ecosystem and scientific excellence make it the ideal setting for shaping the future of healthcare together.”

    Vienna stands out as one of Europe’s most dynamic life sciences locations. The Austrian capital accounts for over half of the nation’s life sciences activity and employs nearly 50,000 people across 754 organizations, including 646 companies and 19 renowned research and education institutions. The sector generated €22 billion in annual revenues in 2023, underscoring the city’s growing influence in the European biotech and pharma industry.1

    “Welcoming BIO-Europe to Vienna is both an honor and a strategic opportunity,” said Philipp Hainzl, Managing Director of LISAvienna. “Austria’s life sciences community is eager to engage with international peers, investors, and innovators. We look forward to showcasing the regional strength in research, entrepreneurship, and collaborative growth on a global stage. Together with our leading biotech innovators, we will contribute to an unforgettable conference experience. Participants are warmly invited to our Welcome Reception at the magnificent Vienna City Hall.” The local host LISAvienna is Vienna’s central life sciences cluster platform operated by Austria Wirtschaftsservice (aws) and the Vienna Business Agency on behalf of the Austrian Federal Ministry of Economy, Energy and Tourism and the City of Vienna.

    Program Highlights

    Inspired by Vienna’s legendary coffeehouse culture and music, BIO-Europe 2025 will offer an engaging program involving expert-led panel discussions, company presentations, including the startup spotlight pitch competition, the Advanced Business Development course, an active exhibition floor, and networking opportunities designed to inspire collaboration across the life science industry.

    A highlight of the event – the Opening Plenary – with David Loew, CEO of Ipsen, and Jeremy Levin, CEO of Ovid Therapeutics, will explore Europe’s evolving role in global healthcare innovation – will it be a symphony or a solo act?

    BIO-Europe serves the entire biopharma ecosystem, with tailored content for early-stage startups, innovators, academic researchers, as well as large pharma and venture investors. Serendipitous networking, both in-person and online, is a hallmark of the experience.

    Partnering and Registration

    Partnering for BIO-Europe opens on September 22, 2025. One-to-one meetings will be powered by partneringONE®, EBD Group’s industry-standard platform that enables delegates to search, request, schedule, and conduct meetings efficiently.

    To enhance access and extend engagement beyond the in-person event, the conference will continue with two days of virtual partnering on November 11-12, allowing participants to connect regardless of time zone or travel constraints.

    Registration is now open (information is available online), with the biggest savings available through the first early bird deadline on July 25, 2025. Additional discounted rates are available until November 2, 2025.

    For more information, please visit the conference website at: https://informaconnect.com/bioeurope/

    Additional links and information:

    Follow BIO-Europe 2025 on X @EBDGroup (hashtag: #BIOEurope) or on LinkedIn.

    About EBD Group

    EBD Group’s mission is to help collaborations get started across the life science value chain. Our range of partnering conferences has grown to become the largest and most productive conference platform in the industry. Each one of our landmark events held in key life science markets around the world is powered by our state-of-the-art partnering software, partneringONE, that enables delegates to efficiently identify and engage with new opportunities via one-to-one meetings. Today our events (BIO-Europe, BIO-Europe Spring®, Biotech Showcase™, ChinaBio® Partnering Forum, Asia Bio Partnering Forum and BioEquity Europe) annually attract more than 15,000 senior life science executives who engage in over 50,000 one-to-one partnering meetings. These vital one-to-one engagements are the wellspring of deals that drive innovation in our industry. EBD Group is an Informa company. For more information, please visit www.ebdgroup.com.

    Media Contacts:

    MC Services AG
    +49 89 2102280
    contact@mc-services.eu

    EBD Group
    Karina Marocco
    kmarocco@ebdgroup.com

    1Vienna Life Science Report 2024/2025

    The MIL Network

  • MIL-OSI Africa: Small Businesses Embrace Social— But Could be Missing a Trick in the Age of Artificial Intelligence (AI)

    Source: APO


    .

    According to the GoDaddy (www.GoDaddy.com) 2025 Global Entrepreneurship Survey, nearly half of small businesses in now primarily operate online, using websites, marketplaces, or social media to sell. This shows a clear shift as entrepreneurs embrace digital channels to reach customers, grow sales, and stay competitive in today’s market.

    Social Media: A Key Tool with Real Challenges

    Social media plays a major role in how small businesses operate and grow. 80% of entrepreneurs say it’s important to their sales strategy, and half (50%) say it’s very important. It has also become the top place to learn about running a business: 59% turn to social media for insights, ahead of traditional educational resources like books and blogs (40%), and artificial intelligence tools like ChatGPT (37%).

    But while the value is clear, so are the challenges. When it comes to managing their social media presence, many entrepreneurs struggle with content. 37% say it’s hard to come up with engaging ideas for posts, and another 33% don’t have enough time to create and post regularly. Even when content is shared, converting engagement into sales remains difficult—51% say they have trouble converting followers into customers, and 54% can’t reach the right audience.

    “At GoDaddy, we realize how much potential entrepreneurs have—and we also understand how hard it is to turn online effort into real growth,” said Selina Bieber, Vice President of International Markets at GoDaddy. “That’s why we’re focused on giving them smart, easy tools like Show in Bio (https://apo-opa.co/4lzcLPc) that can help turn social engagement into actual sales, without adding more work.”

    These hurdles show that while social media is essential, it’s not easy. Entrepreneurs need smarter tools and support to turn digital activity into real business growth.

    The Rise of Digital-First Small Businesses

    Running a business today means going beyond a physical store. While 31% of small businesses still work mainly from a physical location, the online world is catching up with 19% now run their business primarily through their own website. Another 28% operate mostly on social media.

    Sales channels also reflect this shift. Though 36% sell in person, 18% use online stores or marketplaces, and another 31% sell directly through social media.

    This mix of physical and digital approaches shows that small businesses are finding new ways to meet customers—whether in-store, online, or on social media. The ability to combine different methods indicates a significant evolution in business’ ability to adapt to customers’ needs and preferences.

    The Need for Smarter Tools and AI Support

    As entrepreneurs go digital, many know exactly what would help them sell on social. More than half (59%) say they need better ways to reach the right audience, almost half (48%) want simpler tools for creating and posting content, and over a third (39%) want insights into what is working and is not, highlighting a clear demand for practical, time-saving solutions.

    The Opportunity Ahead

    As more small businesses move online, the need for effective tools and support continues to grow. GoDaddy is committed to helping entrepreneurs succeed with easy-to-use solutions like Show in Bio (https://apo-opa.co/4lzcLPc), GoDaddy Studio (https://apo-opa.co/3GwhNgA), and GoDaddy Airo® (https://apo-opa.co/3TrhKFF) all designed to simplify digital marketing and turn engagement into real results.

    Distributed by APO Group on behalf of GoDaddy.

    About GoDaddy:
    GoDaddy helps millions of entrepreneurs globally start and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo®, the company’s AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy’s expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.

    MIL OSI Africa

  • MIL-OSI Africa: Minister garners support for upcoming Water Summit 

    Source: Government of South Africa

    Water and Sanitation Minister Pemmy Majodina has mobilised the Committee of Ministers to support the upcoming Africa Water Investment Summit that will be held in August.

    This as she concluded her participation in the 43rd Southern African Development Community (SADC) Joint Meeting of Committee of Ministers responsible for Energy and Water held in Harare, Zimbabwe.

    The meeting was held from 3 -4 July 2025.

    “During day two of the joint meeting, which focused mainly on water issues, Minister Majodina used the platform to mobilise the Committee of Ministers to support the upcoming Africa Water Investment Summit that will be co-hosted by South Africa and the African Union- Continental Africa Water Investment Programme (AU-AIP) in the context of South Africa’s G20 Presidency, on 13- 15 August 2025,” said the Minister.

    According to the Department of Water and Sanitation (DWS), the summit seeks to mobilise financial investment for bankable water and sanitation infrastructure projects around the continent.

    The DWS said Africa faces a US$30 billion (around ±R528 billion) annual water investment gap and the summit will mobilise investments in climate-resilient water and sanitation projects, ensuring water security, economic growth, and sustainable development across the continent.

    “We think that from that summit, we will have a concrete plan. As a continent, we must start being serious and start ringfencing budgets to fund our water infrastructure as well as energy. No country, region nor continent can survive without putting water and electricity as the catalyst for economic growth,” said Majodina.

    This as the regional water sector is experiencing infrastructure challenges as a result of growing populations and lack of adequate infrastructure development due to financial investment gap.

    The AU-AIP Africa Water Investment Summit’s key objectives are to: 
    •    mobilise financial commitments towards Africa’s water investment needs; 
    •    advocate for improved access to finance for water and sanitation projects; 
    •     strengthen governance and accountability in the water sector; 
    •    showcase a pipeline of investment-ready projects to funders and investors; and 
    •    promote legal and regulatory reforms to enhance water investments. 
    The SADC Joint Meeting of Ministers is a critical platform for member states to engage on issues to enhance regional collaboration in the energy and water sectors.

    “Minister Majodina engaged with fellow Ministers from across the region on critical issues related to the management of shared water resources and transboundary programmes and projects that are led by the River Basin Organisations and Shared Water Institutions, and on the delivery of regional water projects aimed at improving water and sanitation services in the SADC member states; as well as the status of implementation of previous decisions taken during the 42nd joint meeting held in May last year.”

    South Africa shares transboundary water projects with its neighbouring countries including the Lesotho/Botswana water transfer; Beitbridge/Musina integrated water supply scheme; the Catuane Matutuine groundwater project in Maputo.

    Majodina attended the 43rd SADC Joint Meeting of Committee of Ministers responsible for Energy and Water with Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa whose portfolio is part SADC Committee on Water and Energy.

    The SADC Ministers of Water and Energy Committee are a decision-making body that adopts decisions on regional policies and programmes that are implemented in the entire 16 SADC Member states, both at regional and national level, and Ministers responsible for energy and water direct the regional energy as well as water and sanitation agenda. -SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI Banking: Samsung Introduces Future-Ready Mobile Security for Personalised AI Experiences

    Source: Samsung

     
     
    Samsung Electronics Co., Ltd. today announced a new set of security and privacy updates rolling out with its upcoming Samsung Galaxy smartphones with One UI 8. These updates reinforce Samsung’s commitment to delivering powerful, trusted mobile technology in a rapidly evolving digital world by introducing new protections for on-device AI, expanding cross-device threat detection and enhancing network security with quantum-resistant encryption.
     
    Next -Generation Mobile Security For AI Personalisation
    Samsung is introducing Knox Enhanced Encrypted Protection, [1] a new architecture designed to safeguard the next generation of personalised, AI-powered features, as its latest innovation in mobile security. KEEP creates encrypted, app-specific storage environments within the device’s secure storage area, ensuring that each app can access only its own sensitive information and nothing more.
     
    Supporting Galaxy’s Personal Data Engine (PDE),[2] KEEP helps secure a user’s deeply personal insights – such as routines and preferences – that enable features like Now Brief and Smart Gallery search. These insights stay entirely on-device, protected by KEEP and further secured by Knox Vault, Samsung’s tamper-resistant hardware security environment. The result is a seamless foundation for Galaxy AI that delivers personalised intelligence while keeping data tightly contained and under the user’s control.
     
    KEEP’s system-level structure allows it to scale across Galaxy AI innovations. In addition to PDE, it now protects Now Brief, Smart Suggestions and other on-device features that rely on user-specific inputs – enabling more advanced AI experiences without compromising privacy. With KEEP, Samsung is redefining how mobile devices safeguard data in the background to elevate privacy from a setting to an embedded design principle.
     
    Smarter, More Connected Threat Response with Knox Matrix
    As AI becomes more integrated across the ecosystem, Samsung is advancing protections that offer not just stronger security, but greater transparency and control for users, with Knox Matrix leading the way. Through One UI 8, Samsung is evolving Knox Matrix to deliver more proactive and user-friendly protection for connected Galaxy devices. When a device is flagged for serious risk – such as system manipulation or identity forgery – it is designed to automatically sign out of the Samsung Account, cutting off access to cloud-connected services to prevent threats from spreading.[3]
     
    Users are notified across their connected Galaxy devices and guided to the ‘Security status of your devices’ page, where they can review the issue and take action. Even devices without the latest security status updates trigger a yellow-level warning, helping users respond before vulnerabilities grow.
     
    Together, these updates make Samsung Galaxy’s ecosystem-level protection more dynamic, intuitive and visible, empowering users to maintain trust across all their devices with more confidence and clarity.
     
    Secure Wi-Fi Strengthened with Quantum-Resistant Encryption
    In continuation of its commitment to quantum-safe security, Samsung is bringing post-quantum cryptography to Secure Wi-Fi,[4]extending the trusted approach first introduced on the Galaxy S25 series through Post-Quantum Enhanced Data Protection (EDP). Secure Wi-Fi is now being upgraded with a new cryptographic framework[5] designed to strengthen network protection against emerging threats, particularly those anticipated in the era of quantum computing. This enhancement secures the key exchange process at the core of encrypted connections, helping ensure robust privacy even over public networks.
     
    Quantum computing, once fully realised, could undermine many of today’s data protection methods. By integrating post-quantum cryptography, Secure Wi-Fi is built to withstand future attacks that capture encrypted data with the intent to break it once quantum technology matures – a tactic known as “harvest now, decrypt later.” This upgrade fortifies the secure tunnel between Galaxy devices and Samsung servers, reinforcing the integrity of data transmissions in high-risk environments like public Wi-Fi.
     
    In addition to this future-ready foundation, Secure Wi-Fi offers a suite of advanced privacy features:
     

    Auto Protect: Automatically activates in public places like cafés, airports or hotels, securing Wi-Fi connections without requiring user action.
    Enhanced Privacy Protection (EPP): Encrypts internet traffic and routes it through multiple layers, combining packet encryption and relay to anonymise device information and help prevent tracking.
    Protection Activity: Provides visibility into protection history by showing which apps and networks were secured and how much data was encrypted over time.

     
    A Trusted Platform with Built-In Safeguards
    In addition to its latest innovations, Samsung continues to strengthen the core protections that underpin the Galaxy experience. These features reflect a multi-layered security approach that protects across hardware and software, while giving users greater visibility and control:
     

    Knox Vault secures sensitive credentials such as passwords, PINs and biometrics in a physically isolated environment, helping to keep them protected even if the main operating system is compromised.
    Auto Blocker helps provide defense by default, blocking unauthorised app installs, restricting command-based attacks and mitigating risks from potential zero-click threats.
    Advanced Intelligence Settings gives users the option to turn off online data processing for AI features, so personal information can stay on-device, fully under their control.
    Enhanced Theft Protection helps protect personal data even in high-risk situations such as robbery, using safeguards like Identity Check and Security Delay to prevent unauthorised access.

     
    This latest set of updates reinforces Samsung’s long-standing commitment to mobile security that evolves with innovation. It strengthens on-device privacy for personalised AI with KEEP, expands transparency and user control through Knox Matrix, and introduces quantum-resistant protection to Secure Wi-Fi for a more future-ready Galaxy experience. As new security challenges emerge, Samsung remains focused on delivering safeguards that are built in, always on and ready for what’s next.
     
    [1]Available on Galaxy smartphones and tablets with One UI 8 or later.
    [2]The Personal Data Engine functions when the Personal Data Intelligence menu is on. Analysed data will be deleted once the Personal Data Intelligence menu is turned off.
    [3]Available on Galaxy smartphones and tablets with One UI 8 or later. Availability may vary by model and/or market.
    [4]Secure Wi-Fi offers free protection of up to 1024MB per month for Android OS 13 or later, and 250MB per month for Android OS 12 or earlier versions. Availability details may vary by market or network provider and connectivity is subject to applicable network environments.

    MIL OSI Global Banks

  • MIL-OSI: SAIC Announces Government Risk Reduction Effort Offering for No-Fail Mission Environments with ServiceNow

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., July 07, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) announced a strategic collaboration with ServiceNow for a new government risk reduction effort (RRE) offering for mission operations. The new offering will integrate into SAIC’s mission labs to help U.S. armed forces, intelligence and civilian agencies shift their IT risk efforts from a reactive function to autonomous resilience and no-fail mission environments.

    By leveraging the innovation of the ServiceNow AI Platform and integrating it directly into SAIC’s mission labs – collaborative, hands-on environments to design, test and validate solutions against real-world mission scenarios – the two companies are delivering real-time intelligence for decision-making, issue prediction and process automation to drive a critical future of zero outages, downtime or incidents. A pillar of the partnership is enabling customers to directly work with both companies to rapidly develop, test and seamlessly deploy secure, outcome-based IT services – ensuring a faster delivery of capabilities and tools that are scalable to meet today’s demands while anticipating tomorrow’s challenges. 

    “Our collaboration with ServiceNow is focused on bringing commercial grade technology, including agentic AI, that unlock efficiencies to the government,” said Josh Jackson, SAIC executive vice president of Army Business Group. “By combining our mission integration approach with ServiceNow’s innovative AI platform, we’re equipping agencies with the tools they need to accelerate modernization and provide positive user experiences.”

    “By working with SAIC we can deliver transformative solutions to the Army and broader defense and government community by accelerating mission success through innovation, automation and a focused effort to reduce technical debt. Together, with ServiceNow’s AI Platform for business transformation and SAIC’s defense expertise, we’re enabling a more agile, efficient and forward-looking digital future in meeting the government’s mission,” said Mark Jones, Director, Army & Mission Commands at ServiceNow.

    As an Elite partner of ServiceNow, SAIC brings proven capability across multiple product lines and mission environments to deliver transformative solutions at an enterprise scale for exceptional customer success within defense, civilian and intelligence markets. SAIC currently leads the largest federal implementation of ServiceNow through its work on the Army Enterprise Service Management Platform (AESMP) to improve Army operations and processes through enhanced Virtual Agent capabilities and demonstrating the company’s ability to operationalize complex, enterprise-scale solutions at the highest levels of government. The company’s collaboration with ServiceNow also offers the U.S. Navy, civilian agencies and state and local governments access to cutting-edge solutions to meet their mission-critical objectives more effectively.

    For more information about this collaboration and how it supports government digital transformation, visit SAIC.com.

    About SAIC 
    SAIC® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

    We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

    Media Contact: 
    Caralyn Duke
    Caralyn.duke@saic.com

    Forward-Looking Statements
    Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

    The MIL Network

  • MIL-OSI: SAIC Announces Government Risk Reduction Effort Offering for No-Fail Mission Environments with ServiceNow

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., July 07, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) announced a strategic collaboration with ServiceNow for a new government risk reduction effort (RRE) offering for mission operations. The new offering will integrate into SAIC’s mission labs to help U.S. armed forces, intelligence and civilian agencies shift their IT risk efforts from a reactive function to autonomous resilience and no-fail mission environments.

    By leveraging the innovation of the ServiceNow AI Platform and integrating it directly into SAIC’s mission labs – collaborative, hands-on environments to design, test and validate solutions against real-world mission scenarios – the two companies are delivering real-time intelligence for decision-making, issue prediction and process automation to drive a critical future of zero outages, downtime or incidents. A pillar of the partnership is enabling customers to directly work with both companies to rapidly develop, test and seamlessly deploy secure, outcome-based IT services – ensuring a faster delivery of capabilities and tools that are scalable to meet today’s demands while anticipating tomorrow’s challenges. 

    “Our collaboration with ServiceNow is focused on bringing commercial grade technology, including agentic AI, that unlock efficiencies to the government,” said Josh Jackson, SAIC executive vice president of Army Business Group. “By combining our mission integration approach with ServiceNow’s innovative AI platform, we’re equipping agencies with the tools they need to accelerate modernization and provide positive user experiences.”

    “By working with SAIC we can deliver transformative solutions to the Army and broader defense and government community by accelerating mission success through innovation, automation and a focused effort to reduce technical debt. Together, with ServiceNow’s AI Platform for business transformation and SAIC’s defense expertise, we’re enabling a more agile, efficient and forward-looking digital future in meeting the government’s mission,” said Mark Jones, Director, Army & Mission Commands at ServiceNow.

    As an Elite partner of ServiceNow, SAIC brings proven capability across multiple product lines and mission environments to deliver transformative solutions at an enterprise scale for exceptional customer success within defense, civilian and intelligence markets. SAIC currently leads the largest federal implementation of ServiceNow through its work on the Army Enterprise Service Management Platform (AESMP) to improve Army operations and processes through enhanced Virtual Agent capabilities and demonstrating the company’s ability to operationalize complex, enterprise-scale solutions at the highest levels of government. The company’s collaboration with ServiceNow also offers the U.S. Navy, civilian agencies and state and local governments access to cutting-edge solutions to meet their mission-critical objectives more effectively.

    For more information about this collaboration and how it supports government digital transformation, visit SAIC.com.

    About SAIC 
    SAIC® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

    We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

    Media Contact: 
    Caralyn Duke
    Caralyn.duke@saic.com

    Forward-Looking Statements
    Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

    The MIL Network

  • MIL-OSI: USDT-TRC20 and PBK Miner redefine crypto mining through stablecoin-powered cloud contracts

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UNITED KINGDOM, July 07, 2025 (GLOBE NEWSWIRE) — Achieve stable passive income through USDT-TRC20 payouts and AI-optimized mining.  No hardware or complicated setup needed.

    In a market where volatility can wipe out gains overnight, a new alliance is reshaping the future of cryptocurrency mining. USDT-TRC20, the world’s leading dollar-backed stablecoin, has partnered with PBK Miner, a pioneer in AI cloud mining, to launch a disruptive solution: the new cloud mining contract not only supports top digital assets such as ETH, XRP, DOGE, USDC, and SOL, but now also allows users to mine and earn returns with USDT-TRC20. This strategic partnership brings investors the long-awaited rewards – secure passive income, zero technical setup, and true protection from price fluctuations.

    Explore cloud mining options compatible with USDT-TRC20 by clicking here.

    Cloud mining is more stable – pay and earn USDT-TRC20 now

    Cloud mining typically faces two challenges: complexity and volatility. PBK Miner’s 100% remote mining platform has solved the technical hurdles. Now, with USDT-TRC20 settled contracts, it also eliminates market risk. This new product allows users to earn daily rewards in USDT-TRC20 – a fully regulated, USD-pegged stablecoin – regardless of the movement of Bitcoin, Ethereum or other altcoins. With a contract period of just 2 days, anyone can start making a profit without having to purchase equipment or take the risk of a price crash.

    Main features of PBK Miner and USDT-TRC20 cloud mining contracts:

    – USDT-TRC20-based payouts: Users can purchase mining contracts with USDT-TRC20 and withdraw earnings in USDT-TRC20, ensuring stable returns that are not affected by market fluctuations.

    – Daily income: Get a fixed daily income during each contract period

    – Various contract terms: tailored to your goals (short-term or long-term)

    – Zero hardware required: mine from any device (mobile and desktop) – no rigs, no technical difficulties

    Flexible mining options for every budget

    PBKMiner offers various contract tiers to make cryptocurrency mining accessible to everyone.  All current tiers accept and process USDT-TRC20 payments and withdrawals. Whether you’re a newcomer looking for passive income or a seasoned miner prioritizing risk management, we have a plan tailored to your needs.

    $10 Contract – 1 Day – Earn $0.60 per day (Free Signup Bonus)

    $100 Contract – 2 Days – Earn $3.50 per day

    $500 Contract – 5 Days – Earn $6.50 per day

    $5,000 Contract – 30 Days – Earn $77.50 per day

    $30,000 Contract – 45 Days – Earn $525.00 per day

    These options allow users to keep their cryptocurrencies active without sacrificing peace of mind – ideal for those who want steady growth while avoiding price chart pressure.

    Click here to explore more mining contracts.

    What is the difference between using PBK Miner for USDT-TRC20 mining?

    – Stability over speculation: Unlike traditional mining rewards that fluctuate wildly, all revenue is distributed in the form of stable USDT-TRC20, allowing for predictable reinvestment and better financial planning.

    – Massive AI Optimization: Advanced algorithms automatically adjust performance to maximize daily returns on supported assets.

    – Instant access, completely remote: Contracts can be activated in seconds, without any hardware. Mining is managed entirely in the cloud. Mining can be done anytime, anywhere, just using a browser or the PBK Miner app, without any equipment or technical expertise required.

    – Capital Protection: At the end of each contract, the entire principal is returned, reducing financial risk and building long-term confidence.

    How to start using PBK Miner’s USDT-TRC20 contract:

    1. Sign up now – get a $10 bonus and start earning daily USDT-TRC20 rewards. (Click here to sign up)
    2. Choose a plan – try a short-term 2-day contract or explore higher-level options.
    3. Start mining– let the AI ??engine handle everything while daily USDT-TRC20 rewards arrive automatically.

    A safer, smarter way to mine in volatile markets

    Since 2019, PBK Miner has enabled users around the world to earn passive cryptocurrency income through advanced cloud mining. With the integration of USDT-TRC20 rewards, the platform now offers unparalleled income stability – combining innovation, automation, and financial security into a seamless solution. Whether mining ETH, DOGE, XRP, BTC, or other currencies, all rewards are now pegged to the US dollar and protected from sudden market drops.

    A spokesperson for PBK Miner (Alison Evans) said: “Our partnership with USDT-TRC20 allows users to mine with peace of mind. It’s not just about earning more, it’s about mining more safely. These contracts combine the best of both worlds: strong mining power and predictable returns.”

    The market may continue to fluctuate, but the returns may not. Visit https://pbkminer.com now to experience a stable and stress-free mining experience.

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Media Contact:

    Alison Evans

    PBK Miner

    info@pbkminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: USDT-TRC20 and PBK Miner redefine crypto mining through stablecoin-powered cloud contracts

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UNITED KINGDOM, July 07, 2025 (GLOBE NEWSWIRE) — Achieve stable passive income through USDT-TRC20 payouts and AI-optimized mining.  No hardware or complicated setup needed.

    In a market where volatility can wipe out gains overnight, a new alliance is reshaping the future of cryptocurrency mining. USDT-TRC20, the world’s leading dollar-backed stablecoin, has partnered with PBK Miner, a pioneer in AI cloud mining, to launch a disruptive solution: the new cloud mining contract not only supports top digital assets such as ETH, XRP, DOGE, USDC, and SOL, but now also allows users to mine and earn returns with USDT-TRC20. This strategic partnership brings investors the long-awaited rewards – secure passive income, zero technical setup, and true protection from price fluctuations.

    Explore cloud mining options compatible with USDT-TRC20 by clicking here.

    Cloud mining is more stable – pay and earn USDT-TRC20 now

    Cloud mining typically faces two challenges: complexity and volatility. PBK Miner’s 100% remote mining platform has solved the technical hurdles. Now, with USDT-TRC20 settled contracts, it also eliminates market risk. This new product allows users to earn daily rewards in USDT-TRC20 – a fully regulated, USD-pegged stablecoin – regardless of the movement of Bitcoin, Ethereum or other altcoins. With a contract period of just 2 days, anyone can start making a profit without having to purchase equipment or take the risk of a price crash.

    Main features of PBK Miner and USDT-TRC20 cloud mining contracts:

    – USDT-TRC20-based payouts: Users can purchase mining contracts with USDT-TRC20 and withdraw earnings in USDT-TRC20, ensuring stable returns that are not affected by market fluctuations.

    – Daily income: Get a fixed daily income during each contract period

    – Various contract terms: tailored to your goals (short-term or long-term)

    – Zero hardware required: mine from any device (mobile and desktop) – no rigs, no technical difficulties

    Flexible mining options for every budget

    PBKMiner offers various contract tiers to make cryptocurrency mining accessible to everyone.  All current tiers accept and process USDT-TRC20 payments and withdrawals. Whether you’re a newcomer looking for passive income or a seasoned miner prioritizing risk management, we have a plan tailored to your needs.

    $10 Contract – 1 Day – Earn $0.60 per day (Free Signup Bonus)

    $100 Contract – 2 Days – Earn $3.50 per day

    $500 Contract – 5 Days – Earn $6.50 per day

    $5,000 Contract – 30 Days – Earn $77.50 per day

    $30,000 Contract – 45 Days – Earn $525.00 per day

    These options allow users to keep their cryptocurrencies active without sacrificing peace of mind – ideal for those who want steady growth while avoiding price chart pressure.

    Click here to explore more mining contracts.

    What is the difference between using PBK Miner for USDT-TRC20 mining?

    – Stability over speculation: Unlike traditional mining rewards that fluctuate wildly, all revenue is distributed in the form of stable USDT-TRC20, allowing for predictable reinvestment and better financial planning.

    – Massive AI Optimization: Advanced algorithms automatically adjust performance to maximize daily returns on supported assets.

    – Instant access, completely remote: Contracts can be activated in seconds, without any hardware. Mining is managed entirely in the cloud. Mining can be done anytime, anywhere, just using a browser or the PBK Miner app, without any equipment or technical expertise required.

    – Capital Protection: At the end of each contract, the entire principal is returned, reducing financial risk and building long-term confidence.

    How to start using PBK Miner’s USDT-TRC20 contract:

    1. Sign up now – get a $10 bonus and start earning daily USDT-TRC20 rewards. (Click here to sign up)
    2. Choose a plan – try a short-term 2-day contract or explore higher-level options.
    3. Start mining– let the AI ??engine handle everything while daily USDT-TRC20 rewards arrive automatically.

    A safer, smarter way to mine in volatile markets

    Since 2019, PBK Miner has enabled users around the world to earn passive cryptocurrency income through advanced cloud mining. With the integration of USDT-TRC20 rewards, the platform now offers unparalleled income stability – combining innovation, automation, and financial security into a seamless solution. Whether mining ETH, DOGE, XRP, BTC, or other currencies, all rewards are now pegged to the US dollar and protected from sudden market drops.

    A spokesperson for PBK Miner (Alison Evans) said: “Our partnership with USDT-TRC20 allows users to mine with peace of mind. It’s not just about earning more, it’s about mining more safely. These contracts combine the best of both worlds: strong mining power and predictable returns.”

    The market may continue to fluctuate, but the returns may not. Visit https://pbkminer.com now to experience a stable and stress-free mining experience.

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Media Contact:

    Alison Evans

    PBK Miner

    info@pbkminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: Enovix Launches AI-1™: A Revolutionary Silicon-Anode Smartphone Battery Platform

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., July 07, 2025 (GLOBE NEWSWIRE) — Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a leader in advanced silicon battery technology, today announced the launch of the AI-1TM platform, its Artificial Intelligence ClassTM batteries for the next generation of mobile smartphones that require significantly higher total energy storage and power to perform AI functions locally. This revolutionary silicon-anode smartphone battery platform is protected by 190 Enovix architecture-specific patents that enable the use of 100% active silicon anodes. Last week, the company sampled its first 7,350 milliampere-hour (mAh) AI-1 batteries to a leading smartphone OEM for qualification in the first ever 100% silicon-anode battery smartphone launch.

    With energy density exceeding 900 watt-hours per liter (Wh/L) and advanced capabilities for high discharge rate and long cycle life, Enovix believes AI-1 is the highest energy density battery commercially available in the market today. The company’s patented battery architecture overcomes the notorious silicon anode swelling problems, enabling exceptional performance without compromising safety or longevity. The higher energy density provided by the AI-1 enables smartphone manufacturers to take full advantage of AI-enabled applications without requiring frequent charging cycles.  

    AI-1 Performance Highlights*:

    • >900 Wh/L energy density – highest commercially available
    • Fast charging at 3C rates – 20% charged in 5 minutes, 50% charged in 15 minutes
    • 900+ cycles in standard smartphone usage based on initial unit testing
    • High discharge capability across wide temperature ranges – ideal for AI applications
    • Passed Enovix Safety Test Suite (ESTS): drop, tumble, thermal abuse, and external short circuit test

    * Based on internal testing

    “Enovix invented technology that led the industry in energy density for wearables in 2023 thanks to our unique architecture and the use of 100% silicon-anode technology,” said Dr. Raj Talluri, CEO of Enovix. “However, when I joined as CEO, I recognized that the portion of the wearables market immediately available to us would not be enough to support our full revenue plan, so I decided to take the opportunity to introduce our breakthrough battery to the much bigger smartphone market and the Enovix story to the smartphone accounts that I knew well from running Micron’s $6 billion mobile memory division. With the launch of AI Class technology, we are now sampling production AI-1 batteries to those customers who demand not only industry-leading energy density, but have other stringent requirements for cycle life, fast charging, and safety. Enovix is now positioned to support the next generation of smartphones in a 1.2-billion unit market.”

    T.J. Rodgers, Enovix Chairman, said, “The AI Class technology is a breakthrough in utilizing the significant but difficult-to-realize benefits of silicon anodes to win in the AI Class smartphone market. The approximate 80,000 wearable batteries produced in our Fremont fab – and even the fab itself – all had to be re-engineered to meet the challenges of the first AI-1 battery. To move from small wearable batteries – with low power consumption and 500-cycle life – to the big, high-power, AI Class batteries, we had to change the anode (five times), the cathode (three times), the electrolyte (ten-plus times), and even the stainless-steel constraint and separator. Each experimental set took months to create and evaluate, and that effort was only possible because of the scale of our 50-engineer R&D group which touts 30 PhDs. Making these major changes was the primary cause of the delay between my January 3, 2023 presentation to shareholders and the sampling of the AI-1. That two-year delay was frustrating, but we are now on the other side of the problem with 100 R&D man-years of distance added between us and our competitors. We have also discovered that our AI Class process, which produces 900 smartphone Wh/L of energy density, will produce wearable batteries meeting 2023 smartwatch requirements with over 1,000 Wh/L of energy density due to the added capabilities of the AI Class process.

    Rodgers continued, “An AI-1 battery, built in our Malaysian production facility, is shown in Figure 1. While it is only 1.79 cubic inches in volume, it holds 7.35 amp-hours of charge and 26.3 watt-hours of energy. Humans cannot comprehend the high rate of energy use in the AI world because it is dissipated invisibly by charging and discharging the 100 billion transistors on a modern AI chip. In the Figure, we also show the same 26.3 Whrs of energy applied to a human-scale problem, lifting a 4,948-pound truck to a working height of 4.7 feet on a commercially available hydraulic lift – three times on one battery charge.

    Rodgers concluded, “We have over $200 million in the bank and thank our shareholders for supporting us on every step of our journey. I started at Enovix in 2012 and have learned that making a new state-of-the-art battery is a decade-long marathon, a lot more difficult than a one-generation change in semiconductors under Moore’s Law. It all started that way for the Sony corporation, which took 10 years to bring the first lithium-ion battery to market in 1991. Fortunately, we expect future generations of the AI Class technology to reuse this foundation, allowing us to raise the bar on energy density progressively as we transfer each new AI process modification to our Malaysian factory.”

    AI-1 is currently available to select smartphone OEMs. Broader availability is expected later in 2025.

    Figure 1. The first AI-1 cell is just 1.79 cu. in. in volume, yet it contains 26.3 watt-hours of electrical energy, enough to power a typical car lift to raise and lower a 4,948-pound truck to a working height of 4.7 ft – three times per charge.

    About Enovix Corporation

    Enovix is a leader in advancing lithium-ion battery technology with its proprietary cell architecture designed to deliver higher energy density and improved safety. The Company’s breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix’s technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design, manufacturing process, and system integration innovations. For more information, visit https://www.enovix.com.

    Forward‐Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance and can be identified by words such as anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, should, would and similar expressions that convey uncertainty about future events or outcomes. Forward-looking statements in this press release include, without limitation, our expectations that AI-1 represents the highest energy density battery commercially available, that the AI-1 battery enables smartphone manufacturers to take full advantage of AI-enabled applications without compromising battery life, that our unique battery architecture enables exceptional performance without compromising safety or longevity, that the recently shipped smartphone samples exceed industry standards and meet certain demanding standards for fast charging, long cycle life, and temperature resilience, that we lead the industry in energy density for wearables, the benefits and the timing of our first expected commercial product launch, that we have upgraded our prior watch battery product to AI-1 standards and our long-term scale-up plans. Actual results and outcomes could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, those risks and uncertainties and other potential factors set forth in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. For a full discussion of these risks, please refer to Enovix’s filings with the SEC, including its most recent Form 10-K and Form 10-Q, available at https://ir.enovix.com and www.sec.gov. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:

    Investors
    Robert Lahey
    ir@enovix.com

    CFO
    Ryan Benton
    rbenton@enovix.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9db38ec-43e9-4d87-93de-22f1181c5b9d

    The MIL Network

  • MIL-OSI Economics: Your Privacy, Secured: Inside the Tech Powering Safe, Personalized Galaxy AI Experiences

    Source: Samsung

    The potential of AI is limitless, but to truly unlock the full potential of what it can do, user inputs that power personalized experiences are critical. AI needs to understand you — your preferences and your routines — to deliver a mobile experience that feels like a natural extension of your everyday life.
     
    Intuitive, context-aware Galaxy AI features bring these personalized experiences to life, transforming your smartphone from a tool to a smart companion that anticipates your needs and offers suggestions designed to make your life more productive, creative and connected.
     
    To deliver a fully personalized experience, your device naturally needs access to certain data. This is what allows AI to understand you and tailor its responses in ways that are genuinely helpful and suited to your lifestyle. To ensure your personal data is safeguarded in this era of AI, we’re constantly innovating data protection on your device, so that nothing falls into the wrong hands.
     

     
     
    Personalization Made Possible With the Personal Data Engine
    Samsung Electronics’ Personal Data Engine (PDE)1 is a key component of safely delivering these highly personal experiences. First introduced with the Galaxy S25 series, the PDE is the powerhouse behind some of Galaxy’s most life-changing AI experiences yet. It works silently behind the scenes to learn from your habits and preferences, resulting in a truly personalized, unique experience.
     
    Whether it’s Now Brief2 guiding you through your day with curated updates or simply finding that one perfect photo in your Gallery with natural language input, Galaxy AI makes every AI-powered action feel seamless. And because the PDE safely processes your data on-device, you can enjoy all the benefits of deeply customized AI — without compromising privacy.

     
     
    Powerful Advancements With Knox Enhanced Encrypted Protection
    To further strengthen the security of Galaxy AI experiences, Samsung developed Knox Enhanced Encrypted Protection (KEEP)3 — a powerful new layer of on-device security that protects your most sensitive data without interrupting your experience. First developed for the PDE, KEEP now also safeguards other Galaxy AI features like Smart Suggestions, Now Brief, Samsung Moments and more, running quietly in the background to ensure that each supported app is kept secure.
     
    Think of your phone like a house. Each app has its own room — separate, but all under the same roof. Then there’s Secure Folder,4 which works like a fully detached guesthouse with its own key, set apart from the main home. It’s great for keeping certain things extra private, especially when you want complete isolation from the rest of your device. But as AI features like the PDE start handling more sensitive tasks in real time, there’s a growing need for security that’s just as strong, yet more connected to your everyday experience.
     
    That’s where KEEP comes in. Imagine turning part of the house into a private suite — still under the same roof, but with its own secure entrance that only you can use. It’s more private than a regular room, but not completely separate like the guesthouse. KEEP works the same way: it creates a secure, dedicated space for individual apps — like the PDE — so it can safely handle your data without sending it anywhere or getting in the way of how you use your phone.
     
    As our mobile experiences become more intelligent, KEEP ensures your most personal data stays safe by design. Together with tools like Secure Folder, it reinforces Samsung’s multi-layered approach to data protection — giving both users and services the right type of security for different privacy needs.
     
    With Galaxy AI becoming more personal, features like the Personal Data Engine and Knox Enhanced Encrypted Protection are setting a new standard for mobile intelligence — where personalization and privacy go hand in hand. As these experiences grow smarter and more attuned to your needs, you can rest assured that your most sensitive information will stay safe on your device, exactly where it belongs.
     
     
    1 The Personal Data Engine functions when the Personal Data Intelligence menu is on. Analyzed data will be deleted once the Personal Data Intelligence menu is turned off.
    2 Now Brief feature requires a Samsung Account login. Service availability may vary by country, language, device model and apps. Some features may require a network connection.
    3 Available on Galaxy smartphones and tablets with One UI 8 or later.
    4 Secure Folder offers users a separate and protected area of their phone or tablet to store sensitive apps and data. It allows users to set up separate profiles which can duplicate your apps. Users can customize the Secure Folder app and set up their own lock type, including PIN, pattern, password and fingerprint. For enhanced security, Secure Folder users are also provided with an option to hide and encrypt the Secure Folder, which helps keep data safe from advanced cybersecurity threats. While hidden, the apps will stop working to keep your data safe. Once the Secure Folder is opened again, the encryption will be deactivated, and the apps will resume normal operation.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Introduces Future-Ready Mobile Security for Personalized AI Experiences

    Source: Samsung

    Samsung Electronics today announced a new set of security and privacy updates rolling out with its upcoming Samsung Galaxy smartphones with One UI 8. These updates reinforce Samsung’s commitment to delivering powerful, trusted mobile technology in a rapidly evolving digital world by introducing new protections for on-device AI, expanding cross-device threat detection and enhancing network security with quantum-resistant encryption.
     
     
    Next-Generation Mobile Security for AI Personalization
    Samsung is introducing Knox Enhanced Encrypted Protection (KEEP),1 a new architecture designed to safeguard the next generation of personalized, AI-powered features, as its latest innovation in mobile security. KEEP creates encrypted, app-specific storage environments within the device’s secure storage area, ensuring that each app can access only its own sensitive information and nothing more.
     
    Supporting Galaxy’s Personal Data Engine (PDE),2 KEEP helps secure a user’s deeply personal insights — such as routines and preferences — that enable features like Now Brief and Smart Gallery search. These insights stay entirely on-device, protected by KEEP and further secured by Knox Vault, Samsung’s tamper-resistant hardware security environment. The result is a seamless foundation for Galaxy AI that delivers personalized intelligence while keeping data tightly contained and under the user’s control.
     
    KEEP’s system-level structure allows it to scale across Galaxy AI innovations. In addition to PDE, it now protects Now Brief, Smart Suggestions and other on-device features that rely on user-specific inputs — enabling more advanced AI experiences without compromising privacy. With KEEP, Samsung is redefining how mobile devices safeguard data in the background to elevate privacy from a setting to an embedded design principle.
     
     
    Smarter, More Connected Threat Response With Knox Matrix
    As AI becomes more integrated across the ecosystem, Samsung is advancing protections that offer not just stronger security, but greater transparency and control for users, with Knox Matrix leading the way. Through One UI 8, Samsung is evolving Knox Matrix to deliver more proactive and user-friendly protection for connected Galaxy devices. When a device is flagged for serious risk — such as system manipulation or identity forgery — it is designed to automatically sign out of the Samsung Account, cutting off access to cloud-connected services to prevent threats from spreading.3
     
    Users are notified across their connected Galaxy devices and guided to the ‘Security status of your devices’ page, where they can review the issue and take action. Even devices without the latest security status updates trigger a yellow-level warning, helping users respond before vulnerabilities grow.
     
    Together, these updates make Samsung Galaxy’s ecosystem-level protection more dynamic, intuitive and visible, empowering users to maintain trust across all their devices with more confidence and clarity.
     
     
    Secure Wi-Fi Strengthened With Quantum-Resistant Encryption
    In continuation of its commitment to quantum-safe security, Samsung is bringing post-quantum cryptography to Secure Wi-Fi,4 extending the trusted approach first introduced on the Galaxy S25 series through Post-Quantum Enhanced Data Protection (EDP). Secure Wi-Fi is now being upgraded with a new cryptographic framework5 designed to strengthen network protection against emerging threats, particularly those anticipated in the era of quantum computing. This enhancement secures the key exchange process at the core of encrypted connections, helping ensure robust privacy even over public networks.

     
    Quantum computing, once fully realized, could undermine many of today’s data protection methods. By integrating post-quantum cryptography, Secure Wi-Fi is built to withstand future attacks that capture encrypted data with the intent to break it once quantum technology matures — a tactic known as “harvest now, decrypt later.” This upgrade fortifies the secure tunnel between Galaxy devices and Samsung servers, reinforcing the integrity of data transmissions in high-risk environments like public Wi-Fi.
     
    In addition to this future-ready foundation, Secure Wi-Fi offers a suite of advanced privacy features:
     

    Auto Protect: Automatically activates in public places like cafés, airports or hotels, securing Wi-Fi connections without requiring user action.
    Enhanced Privacy Protection (EPP): Encrypts internet traffic and routes it through multiple layers, combining packet encryption and relay to anonymize device information and help prevent tracking.
    Protection Activity: Provides visibility into protection history by showing which apps and networks were secured and how much data was encrypted over time.

     
     
    A Trusted Platform With Built-In Safeguards
    In addition to its latest innovations, Samsung continues to strengthen the core protections that underpin the Galaxy experience. These features reflect a multi-layered security approach that protects across hardware and software, while giving users greater visibility and control:
     

    Knox Vault secures sensitive credentials such as passwords, PINs and biometrics in a physically isolated environment, helping to keep them protected even if the main operating system is compromised.
    Auto Blocker helps provide defense by default, blocking unauthorized app installs, restricting command-based attacks and mitigating risks from potential zero-click threats.
    Advanced Intelligence Settings gives users the option to turn off online data processing for AI features, so personal information can stay on-device, fully under their control.
    Enhanced Theft Protection helps protect personal data even in high-risk situations such as robbery, using safeguards like Identity Check and Security Delay to prevent unauthorized access.

     
    This latest set of updates reinforces Samsung’s long-standing commitment to mobile security that evolves with innovation. It strengthens on-device privacy for personalized AI with KEEP, expands transparency and user control through Knox Matrix, and introduces quantum-resistant protection to Secure Wi-Fi for a more future-ready Galaxy experience. As new security challenges emerge, Samsung remains focused on delivering safeguards that are built in, always on and ready for what’s next.
     
     
    1 Available on Galaxy smartphones and tablets with One UI 8 or later.
    2 The Personal Data Engine functions when the Personal Data Intelligence menu is on. Analyzed data will be deleted once the Personal Data Intelligence menu is turned off.
    3 Available on Galaxy smartphones and tablets with One UI 8 or later. Availability may vary by model and/or market.
    4 Secure Wi-Fi offers free protection of up to 1024MB per month for Android OS 13 or later, and 250MB per month for Android OS 12 or earlier versions. Availability details may vary by market or network provider and connectivity is subject to applicable network environments.
    5 This upgrade applies a post-quantum cryptographic algorithm certified under NIST FIPS 203 (ML-KEM). Availability may vary by market, model and OS version.

    MIL OSI Economics

  • MIL-OSI: POET Technologies Announces US$25 Million Offering

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation“) (TSXV: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks today announces its intention to complete a non-brokered public offering of 5,000,000 units of the Corporation (the “Units“) at a price of US$5.00 per Unit (the “Issue Price“) for aggregate gross proceeds to the Corporation of US$25 million (the “Offering“). Each Unit will be comprised of one common share of the Corporation (each, a “Common Share“) and one common share purchase warrant of the Corporation (each, a “Warrant“), with each Warrant being exercisable to acquire one Common Share at a price of C$8.16 for a period of five years from the date of issuance.

    The Issue Price represents a discount of approximately 12.0% from the closing price of the Common Shares on the TSX Venture Exchange on Friday, July 4, 2025. The Corporation anticipates using the net proceeds of the Offering for working capital and general corporate purposes.

    The Offering will be made by way of a prospectus supplement (the “Prospectus Supplement“) to the short form base shelf prospectus of the Corporation dated September 6, 2024, which Prospectus Supplement will be prepared and filed by the Corporation prior to the closing of the Offering with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission as part of the Corporation’s U.S. registration statement on Form F-10 (“Form F-10“) (Registration No. 333-280553) under the U.S.-Canada Multijurisdictional Disclosure System, with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. The Offering is expected to be fully subscribed by a single institutional investor in Canada that qualifies as an “accredited investor” under National Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators.

    The consummation of the Offering remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange“), and the satisfaction of other customary closing conditions. No commission or finder’s fee will be paid in connection with the Offering.

    “We are very fortunate to have had strong interest from institutional, strategic and public market investors over the past 15 months, due largely to a compelling value proposition that combines key technical and commercial achievements with a vast market opportunity, rewarding innovative hardware solutions in Artificial Intelligence networks and systems,” said Thomas Mika, Executive Vice President and Chief Financial Officer of POET. “We have raised over US$100 million in equity capital at increasingly higher prices over the past year and have thereby achieved all of our near-term financing goals for the Corporation.”

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

    About POET Technologies Inc.

    POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications.  POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China.  More information about POET is available on our website at www.poet-technologies.com

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation’s expectations with respect to consummation of the Offering, the Corporation’s ability to complete the Offering on the announced terms, the Corporation’s products, the scalability of the POET Optical Interposer and the success of the Corporation’s products, the Corporation’s ability satisfy all closing conditions and close the Offering within the announced timeline, the investor acquiring all of the Units under the Offering on the terms announced, the Corporation’s use of proceeds for the Offering, the Corporation’s ability to complete the Malaysia expansion, the Corporation’s ability to obtain the final approval of the Exchange, the Corporation being well-capitalized upon the closing of the Offering and the Corporation being able to advance its business objectives. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the size of the market for its products, the capability of its operations to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation’s product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation’s filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation’s securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network

  • MIL-OSI: POET Technologies Announces US$25 Million Offering

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation“) (TSXV: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks today announces its intention to complete a non-brokered public offering of 5,000,000 units of the Corporation (the “Units“) at a price of US$5.00 per Unit (the “Issue Price“) for aggregate gross proceeds to the Corporation of US$25 million (the “Offering“). Each Unit will be comprised of one common share of the Corporation (each, a “Common Share“) and one common share purchase warrant of the Corporation (each, a “Warrant“), with each Warrant being exercisable to acquire one Common Share at a price of C$8.16 for a period of five years from the date of issuance.

    The Issue Price represents a discount of approximately 12.0% from the closing price of the Common Shares on the TSX Venture Exchange on Friday, July 4, 2025. The Corporation anticipates using the net proceeds of the Offering for working capital and general corporate purposes.

    The Offering will be made by way of a prospectus supplement (the “Prospectus Supplement“) to the short form base shelf prospectus of the Corporation dated September 6, 2024, which Prospectus Supplement will be prepared and filed by the Corporation prior to the closing of the Offering with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission as part of the Corporation’s U.S. registration statement on Form F-10 (“Form F-10“) (Registration No. 333-280553) under the U.S.-Canada Multijurisdictional Disclosure System, with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. The Offering is expected to be fully subscribed by a single institutional investor in Canada that qualifies as an “accredited investor” under National Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators.

    The consummation of the Offering remains subject to the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange“), and the satisfaction of other customary closing conditions. No commission or finder’s fee will be paid in connection with the Offering.

    “We are very fortunate to have had strong interest from institutional, strategic and public market investors over the past 15 months, due largely to a compelling value proposition that combines key technical and commercial achievements with a vast market opportunity, rewarding innovative hardware solutions in Artificial Intelligence networks and systems,” said Thomas Mika, Executive Vice President and Chief Financial Officer of POET. “We have raised over US$100 million in equity capital at increasingly higher prices over the past year and have thereby achieved all of our near-term financing goals for the Corporation.”

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

    About POET Technologies Inc.

    POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications.  POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China.  More information about POET is available on our website at www.poet-technologies.com

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation’s expectations with respect to consummation of the Offering, the Corporation’s ability to complete the Offering on the announced terms, the Corporation’s products, the scalability of the POET Optical Interposer and the success of the Corporation’s products, the Corporation’s ability satisfy all closing conditions and close the Offering within the announced timeline, the investor acquiring all of the Units under the Offering on the terms announced, the Corporation’s use of proceeds for the Offering, the Corporation’s ability to complete the Malaysia expansion, the Corporation’s ability to obtain the final approval of the Exchange, the Corporation being well-capitalized upon the closing of the Offering and the Corporation being able to advance its business objectives. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the size of the market for its products, the capability of its operations to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation’s product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation’s filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation’s securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    The MIL Network

  • MIL-OSI: From Investment to Real Estate: U.S. Accepts Bitcoin for Home Purchases, and LET Mining Helps Asset Growth

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 07, 2025 (GLOBE NEWSWIRE) — As new federal guidelines enable cryptocurrency to qualify as a mortgage asset, U.S. homeowners can now leverage Bitcoin directly in home purchases—with LET Mining poised to support this evolution by helping investors grow and diversify their holdings through efficient, eco‑friendly cloud mining.

    Last week, Federal Housing Finance Agency Director William Pulte directed Fannie Mae and Freddie Mac to consider cryptocurrency holdings on U.S.-regulated centralized exchanges as qualifying assets in mortgage assessments, without requiring conversion to cash. This landmark shift could unlock homeownership opportunities for Bitcoin holders who previously faced forced liquidation or margin loans.

    To capitalize on this growing trend, LET Mining, a crypto‑mining and financial services platform founded in 2021, offers a secure, sustainable path to increase Bitcoin assets through its green‑powered intelligent cloud mining infrastructure. By enabling investors to compound Bitcoin holdings over time, LET Mining empowers users to build crypto reserves that now directly translate into home-buying power.

    How to create more value for BTC through LET Mining
    1. Log in to the website https://letmining.com/ and register an account in one minute. After successful registration, you can get a $12 reward

    LET Mining provides users with cloud computing power contracts with flexible investment strategies. Users have the following options (you can participate with a minimum of $100 worth of BTC)

    ●Experience Contract: Investment amount: $100, contract period: 2 days, daily income of $4, expiration income: $100 + $8
    ●BTC Classic Hash Power: Investment amount: $500, contract period: 5 days, daily income of $6, expiration income: $500 + $30
    ●DOGE Classic Hash Power: Investment amount: $3,500, contract period: 24 days, daily income of $50.4, expiration income: $3,500 + $1,209.6
    ●BTC Advanced Hash Power: Investment amount: $5,000, contract period: 30 days, daily income of $76, expiration income: $5,000 + $2,280
    ●BTC Advanced Hash Power: Investment amount: $10,000, contract period: 45 days, daily income of $173, expiration income: $10,000 + $7,785

    (Click here to view more high-yield contract details)

    3. Automatically obtain income every day and withdraw funds at any time

    “With Bitcoin now qualifying as a mortgage asset, investors need reliable, performance‑driven ways to grow their crypto holdings,” said Lillian Austen, Communications Director at LET Mining. “Our smart, renewable‑energy mining services help users scale their portfolios—and access the American dream through real estate.”

    LET Mining’s smart cloud platform combines smart contracts, AI‑driven currency allocation, and predictive maintenance to ensure maximum mining efficiency. Its data centers rely on renewable energy and industrial-scale economies, reducing costs and carbon footprint while maximizing real output.

    As crypto-backed mortgages and cash‑deal home purchases gain traction, LET Mining also streamlines treasury growth for users. Instead of selling Bitcoin at the time of purchase, investors can continue accumulating via mining and rely on crypto mortgages or cash offers backed by their growing reserves. This reduces tax friction, volatility concerns, and liquidity constraints that previously hindered crypto holders from entering the housing market.

    Industry watchers anticipate only 1% of U.S. home purchases have involved crypto proceeds so far—but that figure is expected to rise sharply as institutional frameworks adapt, and platforms like LET Mining make growth accessible and sustainable.

    About LET Mining
    LET Mining, founded in 2021, is a leading cloud-mining and blockchain financial services provider. The London‑based platform specializes in green‑energy-powered, AI‑enabled mining solutions, enabling everyday investors to grow digital assets through efficient, secure, and compliant means. To learn more, visit https://letmining.com/.

    Media Contact:

    Lillian Austen
    Communications Director, LET Mining
    info@letmining.com

    Attachment

    The MIL Network

  • MIL-OSI: From Investment to Real Estate: U.S. Accepts Bitcoin for Home Purchases, and LET Mining Helps Asset Growth

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 07, 2025 (GLOBE NEWSWIRE) — As new federal guidelines enable cryptocurrency to qualify as a mortgage asset, U.S. homeowners can now leverage Bitcoin directly in home purchases—with LET Mining poised to support this evolution by helping investors grow and diversify their holdings through efficient, eco‑friendly cloud mining.

    Last week, Federal Housing Finance Agency Director William Pulte directed Fannie Mae and Freddie Mac to consider cryptocurrency holdings on U.S.-regulated centralized exchanges as qualifying assets in mortgage assessments, without requiring conversion to cash. This landmark shift could unlock homeownership opportunities for Bitcoin holders who previously faced forced liquidation or margin loans.

    To capitalize on this growing trend, LET Mining, a crypto‑mining and financial services platform founded in 2021, offers a secure, sustainable path to increase Bitcoin assets through its green‑powered intelligent cloud mining infrastructure. By enabling investors to compound Bitcoin holdings over time, LET Mining empowers users to build crypto reserves that now directly translate into home-buying power.

    How to create more value for BTC through LET Mining
    1. Log in to the website https://letmining.com/ and register an account in one minute. After successful registration, you can get a $12 reward

    LET Mining provides users with cloud computing power contracts with flexible investment strategies. Users have the following options (you can participate with a minimum of $100 worth of BTC)

    ●Experience Contract: Investment amount: $100, contract period: 2 days, daily income of $4, expiration income: $100 + $8
    ●BTC Classic Hash Power: Investment amount: $500, contract period: 5 days, daily income of $6, expiration income: $500 + $30
    ●DOGE Classic Hash Power: Investment amount: $3,500, contract period: 24 days, daily income of $50.4, expiration income: $3,500 + $1,209.6
    ●BTC Advanced Hash Power: Investment amount: $5,000, contract period: 30 days, daily income of $76, expiration income: $5,000 + $2,280
    ●BTC Advanced Hash Power: Investment amount: $10,000, contract period: 45 days, daily income of $173, expiration income: $10,000 + $7,785

    (Click here to view more high-yield contract details)

    3. Automatically obtain income every day and withdraw funds at any time

    “With Bitcoin now qualifying as a mortgage asset, investors need reliable, performance‑driven ways to grow their crypto holdings,” said Lillian Austen, Communications Director at LET Mining. “Our smart, renewable‑energy mining services help users scale their portfolios—and access the American dream through real estate.”

    LET Mining’s smart cloud platform combines smart contracts, AI‑driven currency allocation, and predictive maintenance to ensure maximum mining efficiency. Its data centers rely on renewable energy and industrial-scale economies, reducing costs and carbon footprint while maximizing real output.

    As crypto-backed mortgages and cash‑deal home purchases gain traction, LET Mining also streamlines treasury growth for users. Instead of selling Bitcoin at the time of purchase, investors can continue accumulating via mining and rely on crypto mortgages or cash offers backed by their growing reserves. This reduces tax friction, volatility concerns, and liquidity constraints that previously hindered crypto holders from entering the housing market.

    Industry watchers anticipate only 1% of U.S. home purchases have involved crypto proceeds so far—but that figure is expected to rise sharply as institutional frameworks adapt, and platforms like LET Mining make growth accessible and sustainable.

    About LET Mining
    LET Mining, founded in 2021, is a leading cloud-mining and blockchain financial services provider. The London‑based platform specializes in green‑energy-powered, AI‑enabled mining solutions, enabling everyday investors to grow digital assets through efficient, secure, and compliant means. To learn more, visit https://letmining.com/.

    Media Contact:

    Lillian Austen
    Communications Director, LET Mining
    info@letmining.com

    Attachment

    The MIL Network

  • MIL-OSI: NowVertical Announces 2025 Shareholder Meeting Results and Equity Grants

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NOW” or the “Company”), a leading data and AI solutions provider, is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders held on June 27, 2025 (the “Meeting”).

    At the Meeting, all matters of business set out in the Company’s management information circular dated May 16, 2025 (the “Circular”) were approved. Each of the five (5) director nominees proposed by management of the Company were elected to serve as directors of the Company until the close of the next annual meeting of shareholders or until their successor is elected or appointed. Detailed results of the votes are set out below:

      Votes For Votes Withheld/Abstained
    Nominee Number (#) Percent (%) Number (#) Percent (%)
    Sandeep Mendiratta 31,240,059 99.90% 30,000 0.10%
    David Charron 31,255,059 99.95% 15,000 0.05%
    David Doritty 31,203,059 99.79% 67,000 0.21%
    Elaine Kunda 31,003,601 99.15% 266,458 0.85%
    Chris Ford 31,255,059 99.95% 15,000 0.05%

    NOW’s shareholders also voted in favour of: (i) re-appointing Ernst & Young LLP as the Company’s auditors for the ensuing year and authorized the board of directors of the Company to fix their remuneration; (ii) the approval of the 10% rolling omnibus equity incentive plan of the Company (the “Plan”); and (iii) the issuance of 477,459 Class A subordinate voting shares to Andre Garber in settlement of a portion of his wages for the period from January 1, 2021 to December 31, 2021 (the “Debt Settlement Transaction”). The Class A subordinate voting shares issued to Andre Garber will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance.

    The Debt Settlement Transaction with the Company is considered a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Debt Settlement Transaction will be completed in reliance on exemptions available under MI 61-101 from the formal valuation of MI 61-101. The Company is relying on the exemption from the valuation requirement pursuant to subsection 5.5(a) of MI 61-101 for the insider participation, as the Class A subordinate voting shares do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

    For further information regarding the Plan and the Debt Settlement Transaction to Mr. Garber, please see the Circular which is available on SEDAR+ at www.sedarplus.com.

    Equity Award Grants

    In addition, the Company further announces the granting of 109,400 incentive stock options (“Options”) and 269,531 restricted share units (“RSUs”) to the non-executive members of the Company’s board of directors, and 1,177,422 performance share units of the Company (“PSUs” and together with the RSUs and the Options, the “Equity Grants”) to certain members of the Company’s management team.

    Each Option will entitle the holder thereof to acquire one (1) Class A subordinate voting share of the Company at an exercise price of CAD$0.64 per share for a period of five (5) years, subject to the terms of the Plan. The Options will vest on the one-year anniversary of the date of grant.

    The RSUs will be issued pursuant to the Plan and will vest on the one-year anniversary of the date of issuance. Each vested RSU will entitle the holder thereof to receive one (1) Class A subordinate voting share of the Company or a cash amount equal to the equivalent of one (1) share.

    The PSUs will be issued pursuant to the Plan and, subject to the achievement of certain performance milestones, will vest on the one-year anniversary of the date of issuance. Each vested PSU will entitle the holder thereof to receive one (1) Class A subordinate voting share of the Company or a cash amount equal to the equivalent of one (1) share.

    The Equity Grants were made as part of NOW’s annual compensation process and are intended to appropriately reward past and ongoing contributions and to incentivize contributions to NOW’s success in the future.

    About NowVertical Group Inc.

    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.  

    For further details about NowVertical, please visit www.nowvertical.com

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

    For further information, please contact:

    Andre Garber
    Chief Development Officer
    IR@nowvertical.com

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
    stefan@bristolir.com
    +1(905) 326-1888 x60

    This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forwardlooking statements”). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect the Company’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 statements contained in this news release include, without limitation, statements with respect to the vesting of the securities issued under the Equity Grants, the issuance of Class A subordinate voting shares in the capital of the Company, and the achievement of the vesting criteria for the PSUs. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are those risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s managements’ discussion and analysis for the year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements 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 and such changes could be material. All of the forward-looking statements contained in this press release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward -looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. Investors are cautioned that, trading in the securities of the Company should be considered highly speculative.

    The MIL Network

  • MIL-OSI: NowVertical Announces 2025 Shareholder Meeting Results and Equity Grants

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NOW” or the “Company”), a leading data and AI solutions provider, is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders held on June 27, 2025 (the “Meeting”).

    At the Meeting, all matters of business set out in the Company’s management information circular dated May 16, 2025 (the “Circular”) were approved. Each of the five (5) director nominees proposed by management of the Company were elected to serve as directors of the Company until the close of the next annual meeting of shareholders or until their successor is elected or appointed. Detailed results of the votes are set out below:

      Votes For Votes Withheld/Abstained
    Nominee Number (#) Percent (%) Number (#) Percent (%)
    Sandeep Mendiratta 31,240,059 99.90% 30,000 0.10%
    David Charron 31,255,059 99.95% 15,000 0.05%
    David Doritty 31,203,059 99.79% 67,000 0.21%
    Elaine Kunda 31,003,601 99.15% 266,458 0.85%
    Chris Ford 31,255,059 99.95% 15,000 0.05%

    NOW’s shareholders also voted in favour of: (i) re-appointing Ernst & Young LLP as the Company’s auditors for the ensuing year and authorized the board of directors of the Company to fix their remuneration; (ii) the approval of the 10% rolling omnibus equity incentive plan of the Company (the “Plan”); and (iii) the issuance of 477,459 Class A subordinate voting shares to Andre Garber in settlement of a portion of his wages for the period from January 1, 2021 to December 31, 2021 (the “Debt Settlement Transaction”). The Class A subordinate voting shares issued to Andre Garber will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance.

    The Debt Settlement Transaction with the Company is considered a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Debt Settlement Transaction will be completed in reliance on exemptions available under MI 61-101 from the formal valuation of MI 61-101. The Company is relying on the exemption from the valuation requirement pursuant to subsection 5.5(a) of MI 61-101 for the insider participation, as the Class A subordinate voting shares do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

    For further information regarding the Plan and the Debt Settlement Transaction to Mr. Garber, please see the Circular which is available on SEDAR+ at www.sedarplus.com.

    Equity Award Grants

    In addition, the Company further announces the granting of 109,400 incentive stock options (“Options”) and 269,531 restricted share units (“RSUs”) to the non-executive members of the Company’s board of directors, and 1,177,422 performance share units of the Company (“PSUs” and together with the RSUs and the Options, the “Equity Grants”) to certain members of the Company’s management team.

    Each Option will entitle the holder thereof to acquire one (1) Class A subordinate voting share of the Company at an exercise price of CAD$0.64 per share for a period of five (5) years, subject to the terms of the Plan. The Options will vest on the one-year anniversary of the date of grant.

    The RSUs will be issued pursuant to the Plan and will vest on the one-year anniversary of the date of issuance. Each vested RSU will entitle the holder thereof to receive one (1) Class A subordinate voting share of the Company or a cash amount equal to the equivalent of one (1) share.

    The PSUs will be issued pursuant to the Plan and, subject to the achievement of certain performance milestones, will vest on the one-year anniversary of the date of issuance. Each vested PSU will entitle the holder thereof to receive one (1) Class A subordinate voting share of the Company or a cash amount equal to the equivalent of one (1) share.

    The Equity Grants were made as part of NOW’s annual compensation process and are intended to appropriately reward past and ongoing contributions and to incentivize contributions to NOW’s success in the future.

    About NowVertical Group Inc.

    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.  

    For further details about NowVertical, please visit www.nowvertical.com

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

    For further information, please contact:

    Andre Garber
    Chief Development Officer
    IR@nowvertical.com

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
    stefan@bristolir.com
    +1(905) 326-1888 x60

    This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forwardlooking statements”). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect the Company’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 statements contained in this news release include, without limitation, statements with respect to the vesting of the securities issued under the Equity Grants, the issuance of Class A subordinate voting shares in the capital of the Company, and the achievement of the vesting criteria for the PSUs. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are those risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s managements’ discussion and analysis for the year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements 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 and such changes could be material. All of the forward-looking statements contained in this press release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward -looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. Investors are cautioned that, trading in the securities of the Company should be considered highly speculative.

    The MIL Network

  • MIL-OSI: NowVertical Announces 2025 Shareholder Meeting Results and Equity Grants

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 07, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NOW” or the “Company”), a leading data and AI solutions provider, is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders held on June 27, 2025 (the “Meeting”).

    At the Meeting, all matters of business set out in the Company’s management information circular dated May 16, 2025 (the “Circular”) were approved. Each of the five (5) director nominees proposed by management of the Company were elected to serve as directors of the Company until the close of the next annual meeting of shareholders or until their successor is elected or appointed. Detailed results of the votes are set out below:

      Votes For Votes Withheld/Abstained
    Nominee Number (#) Percent (%) Number (#) Percent (%)
    Sandeep Mendiratta 31,240,059 99.90% 30,000 0.10%
    David Charron 31,255,059 99.95% 15,000 0.05%
    David Doritty 31,203,059 99.79% 67,000 0.21%
    Elaine Kunda 31,003,601 99.15% 266,458 0.85%
    Chris Ford 31,255,059 99.95% 15,000 0.05%

    NOW’s shareholders also voted in favour of: (i) re-appointing Ernst & Young LLP as the Company’s auditors for the ensuing year and authorized the board of directors of the Company to fix their remuneration; (ii) the approval of the 10% rolling omnibus equity incentive plan of the Company (the “Plan”); and (iii) the issuance of 477,459 Class A subordinate voting shares to Andre Garber in settlement of a portion of his wages for the period from January 1, 2021 to December 31, 2021 (the “Debt Settlement Transaction”). The Class A subordinate voting shares issued to Andre Garber will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance.

    The Debt Settlement Transaction with the Company is considered a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Debt Settlement Transaction will be completed in reliance on exemptions available under MI 61-101 from the formal valuation of MI 61-101. The Company is relying on the exemption from the valuation requirement pursuant to subsection 5.5(a) of MI 61-101 for the insider participation, as the Class A subordinate voting shares do not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

    For further information regarding the Plan and the Debt Settlement Transaction to Mr. Garber, please see the Circular which is available on SEDAR+ at www.sedarplus.com.

    Equity Award Grants

    In addition, the Company further announces the granting of 109,400 incentive stock options (“Options”) and 269,531 restricted share units (“RSUs”) to the non-executive members of the Company’s board of directors, and 1,177,422 performance share units of the Company (“PSUs” and together with the RSUs and the Options, the “Equity Grants”) to certain members of the Company’s management team.

    Each Option will entitle the holder thereof to acquire one (1) Class A subordinate voting share of the Company at an exercise price of CAD$0.64 per share for a period of five (5) years, subject to the terms of the Plan. The Options will vest on the one-year anniversary of the date of grant.

    The RSUs will be issued pursuant to the Plan and will vest on the one-year anniversary of the date of issuance. Each vested RSU will entitle the holder thereof to receive one (1) Class A subordinate voting share of the Company or a cash amount equal to the equivalent of one (1) share.

    The PSUs will be issued pursuant to the Plan and, subject to the achievement of certain performance milestones, will vest on the one-year anniversary of the date of issuance. Each vested PSU will entitle the holder thereof to receive one (1) Class A subordinate voting share of the Company or a cash amount equal to the equivalent of one (1) share.

    The Equity Grants were made as part of NOW’s annual compensation process and are intended to appropriately reward past and ongoing contributions and to incentivize contributions to NOW’s success in the future.

    About NowVertical Group Inc.

    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.  

    For further details about NowVertical, please visit www.nowvertical.com

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

    For further information, please contact:

    Andre Garber
    Chief Development Officer
    IR@nowvertical.com

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
    stefan@bristolir.com
    +1(905) 326-1888 x60

    This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forwardlooking statements”). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect the Company’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 statements contained in this news release include, without limitation, statements with respect to the vesting of the securities issued under the Equity Grants, the issuance of Class A subordinate voting shares in the capital of the Company, and the achievement of the vesting criteria for the PSUs. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are those risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s managements’ discussion and analysis for the year ended December 31, 2024. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements 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 and such changes could be material. All of the forward-looking statements contained in this press release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward -looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. Investors are cautioned that, trading in the securities of the Company should be considered highly speculative.

    The MIL Network

  • MIL-OSI: Apollo Names Brian Chu Head of Apollo Portfolio Performance Solutions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 07, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Brian Chu has joined the firm as a Partner and Head of Apollo Portfolio Performance Solutions (APPS). In this role, Chu will lead APPS’ mission to deliver strategic and hands-on operational support across Apollo’s private equity portfolio. He will build on the team’s established value creation model, which combines generalist operating partners and deep functional expertise to unlock transformational growth opportunities for Apollo’s funds’ portfolio companies.

    Chu brings more than 20 years of experience in operational leadership and private equity to Apollo. He most recently served as Senior Managing Director and co-head of the portfolio operations group at Centerbridge Partners, where he led value creation efforts across a portfolio of approximately 30 companies. His career has been defined by close collaboration with management teams and boards to drive growth and implement organizational change. Prior to Centerbridge, he was an Operating Partner at Bain Capital and has held several senior roles in operations and technology.

    Aaron Miller, who led APPS since joining the firm in 2019, will transition to Chairman of APPS. In this role, he will continue to advise on strategic initiatives, work closely with select portfolio companies on high-priority value creation projects and support the continued evolution and expansion of the APPS platform.

    “Brian’s exceptional ability to build high-performing operations teams, combined with his disciplined approach to value creation, makes him the ideal leader to continue building upon the strong foundation that Aaron has established and developed,” said Antoine Munfakh, Partner and Head of Private Equity – North America, and Michele Raba, Partner and Head of Private Equity – Europe. “As our industry increasingly recognizes that outperformance will be driven by improving businesses rather than expanding multiples, the role of APPS has never been more crucial. Scaling our APPS platform has been a game changer for our private equity franchise, transforming the way we partner with outstanding management teams to create tangible value at each stage of the investment lifecycle.”

    “Apollo has built one of the most effective operating platforms in the industry, known for its deep alignment with management and relentless focus on business transformation,” said Brian Chu. “I’m honored to join this talented team and to carry forward the APPS mission—accelerating growth through investments in technology, talent and commercial excellence. I look forward to expanding our capabilities and helping portfolio companies realize their full potential.”

    Miller said, “I’m deeply proud of the culture of innovation, performance and collaboration we’ve built at APPS. Working alongside such a talented group of professionals—and seeing the tangible, lasting value we’ve helped create—has been one of the most fulfilling chapters of my career. I’m excited to support Brian and the team as they take APPS to even greater heights.”

    About Apollo Portfolio Performance Solutions (APPS)

    APPS supports Apollo funds’ portfolio companies throughout every stage of ownership by leveraging deep expertise across critical functional domains, including digital transformation, AI integration, procurement and supply chain optimization. With a team of 35 full-time professionals—comprising both functional specialists and generalist operators—APPS partners closely with company leadership to implement tailored value creation strategies. Through Value Creation Offices (VCOs), the team works with management to ensure rigorous execution and accountability, driving sustained performance improvements and long-term value.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network

  • MIL-OSI: Home Decor Brand Graham & Brown Boosts Operational Efficiency and Growth with BigCommerce

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and LONDON, July 07, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, today announced that Graham & Brown, a leading UK wallcoverings and home décor company, has achieved measurable improvements in customer experience, revenue growth, operational efficiency and digital maturity since launching its B2B ecommerce site on BigCommerce.

    In an industry traditionally driven by human touchpoints and manual processes, Graham & Brown recognised a fundamental shift in buyer expectations to increasingly demand the convenience and efficiency of digital self-service. Working with BigCommerce, Graham & Brown built a B2B ecommerce site to improve the buyer experience and its own business operations.

    Achieving revenue growth and market expansion

    This transformation moved quickly from concept to delivery. Within just 12 weeks, Graham & Brown launched a fully functioning B2B ecommerce site in January 2025. Adoption was rapid with 90% of key accounts having embraced the new digital channel, in the first few months, underlying the demand for a more efficient, customer-centric buying experience.

    Building on this early success, Graham & Brown rapidly expanded the platform beyond the UK, launching in Ireland and the broader European market by March. Designed from the outset with global scale in mind, the platform supports multi-currency transactions in GBP, USD, EUR, AUD, and NZD.

    Enhancing customer experience

    Central to Graham & Brown’s digital transformation was a focus on delivering a better customer experience. By engaging real customers in the build process, Graham & Brown gained direct insights into day-to-day user needs, enabling the development of features specifically tailored to the B2B buyer. BigCommerce allowed Graham & Brown to streamline the buyer experience, including a Quick Order tool for frequent, high-volume purchases, real-time visibility into credit balances and industry-specific functionality such as specifying batch numbers for wallpaper orders to ensure exact colour consistency.

    Another standout innovation was the launch of bespoke print-to-order wallpaper mural creation tools for B2B customers. This innovative feature allows trade clients to input custom dimensions and crop and zoom onto the design, to create a bespoke feature wall mural.

    “BigCommerce’s platform has been incredibly successful at delivering and achieving our digital goals from the onset,” said Mike Berry, head of ecommerce at Graham & Brown. “Not only has the platform elevated our customers’ journey by creating a more tailored and personalised experience, but it has also significantly eased the burden on our sales team.”

    Realising operational efficiencies

    The benefits of the new platform have been felt strongly inside the organisation. By shifting routine transactions and inquiries online, Graham & Brown has achieved significant operational efficiencies. The customer service team experienced a reduction in inbound calls, as common questions about stock, pricing and order status were answered by the website’s self-service tools. Likewise, the sales team has seen the typical Monday morning backlog of orders and emails decline.

    “We’re thrilled that Graham & Brown’s B2B website is delivering a tailored, elevated digital experience that meets the unique needs of the home furnishings industry,” said Lance Owide, general manager of B2B at BigCommerce. “Graham & Brown had a vision to use ecommerce to drive operational efficiency, and to power the company’s global growth ambitions, and the results so far have achieved this while staying true to the core values of the brand.”

    To learn more about BigCommerce B2B Edition, click here.

    About BigCommerce

    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customisation and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com 

    The MIL Network