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Category: Asia Pacific

  • MIL-OSI Banking: AGNICO EAGLE COMPLETES ACQUISITION OF 100% OF O3 MINING

    Source: Agnico Eagle Mines

    (All amounts expressed in Canadian dollars unless otherwise noted)

    TORONTO, March 18, 2025 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle“) and O3 Mining Inc. (TSXV: OIII), (OTCQX: OIIIF) (“O3 Mining“) are pleased to jointly announce that Agnico Eagle has today completed the acquisition of 100% of the outstanding common shares of O3 Mining (the “Common Shares“) pursuant to the amalgamation (the “Amalgamation“) of O3 Mining and Agnico Eagle Abitibi Acquisition Corp., a wholly-owned subsidiary of Agnico Eagle.  O3 Mining is now a wholly-owned subsidiary of Agnico Eagle. 

    The Amalgamation constituted the subsequent acquisition transaction contemplated by Agnico Eagle’s board-supported take-over bid to acquire O3 Mining. Under the Amalgamation, shareholders of O3 Mining, other than Agnico Eagle, will receive $1.67 in cash per Common Share (the “Consideration“).

    It is expected that the Common Shares will be delisted from the TSX Venture Exchange on or around March 20, 2025 and O3 Mining will file an application to cease to be a reporting issuer under Canadian securities laws.

    Additional Information and How to Receive the Consideration

    Additional information concerning the Amalgamation is contained in the notice of special meeting and management information circular of O3 Mining (the “Circular“) dated February 13, 2025.  The Circular is available under O3 Mining’s issuer profile on SEDAR+ at www.sedarplus.ca.

    In order to receive the Consideration (less applicable withholdings), each registered shareholder must properly complete and duly execute the letter of transmittal enclosed with the Circular and deliver such letter of transmittal, together with all other necessary documents and instruments to Odyssey Trust Company, in its capacity as depositary for the Amalgamation, at the address specified in the letter of transmittal and otherwise in accordance with the instructions contained in the letter of transmittal.  Non-registered shareholders whose Common Shares are registered in the name of an investment advisor, broker, bank, trust company, custodian, nominee or other intermediary must contact such intermediary for instructions and assistance in exchanging their Common Shares for the Consideration.  

    If you have any questions or require assistance, please contact Laurel Hill Advisory Group, by phone at 1-877-452-7187 or by e-mail at assistance@laurelhill.com.

    Information for Warrantholders

    Any warrants to acquire Common Shares (the “Warrants“) that remain outstanding may be exercised prior to the expiry time thereof in accordance with the terms of the Warrant Indenture governing the Warrants, as amended, and will receive on exercise, in lieu of Common Shares, $1.67 in cash. The Warrant Indenture has been amended by a supplemental indenture to give effect to the foregoing. In connection such amendment, the exercise form to be used by holders of outstanding Warrants has been amended and replaced with an amended exercise form attached as Appendix E to the Circular.  For additional information, please contact investor.relations@agnicoeagle.com or call (416) 947-1212.

    About Agnico Eagle Mines Limited

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, projections, and interpretations about future events as at the date of this news release. Forward-looking information and statements are based on estimates of management by Agnico Eagle and O3 Mining, at the time they were made, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the timing for the delisting of O3 Mining from the TSX Venture Exchange and for O3 Mining to cease to be a reporting issuer; and the receipt of $1.67 in cash on the exercise of Warrants. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, expectations relating to the timing for the delisting of the Common Shares and O3 Mining (or its successor) filing an application to cease to be a reporting issuer under applicable securities laws; and expectations concerning the outstanding Warrants. Agnico Eagle and O3 Mining caution that the foregoing list of material factors and assumptions is not exhaustive. Although the forward-looking information contained in this news release is based upon what Agnico Eagle and O3 Mining believe, or believed at the time, to be reasonable expectations and assumptions, there is no assurance that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither O3 Mining, nor Agnico Eagle nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Agnico Eagle and O3 Mining do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable law. These statements speak only as of the date of this news release. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Agnico Eagle or any of its affiliates or O3 Mining.

    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. 

    SOURCE O3 Mining Inc.

    MIL OSI Global Banks –

  • MIL-OSI Economics: More than $5B paid out to independent developers since launch of ID@Xbox

    Source: Microsoft

    Headline: More than $5B paid out to independent developers since launch of ID@Xbox

    Today, we’re excited to host developers from 10 countries at our annual hands-on preview event for press and creators. Among them are 11 Xbox Play Anywhere and six Xbox Game Pass titles, including Winter Burrow from Pinecreek in Denmark, Detective Dotson from Masala Games in India, and Promise Mascot Academy from Kaizen Works in the UK.

    MIL OSI Economics –

  • MIL-OSI Global: Why Canada must treat its food system as a matter of national defence

    Source: The Conversation – Canada – By Karen Foster, Associate Professor, Sociology and Social Anthropology and Canada Research Chair in Sustainable Rural Futures for Atlantic Canada, Dalhousie University

    Rising tensions between Canada and the United States have made increased military investment and a renewed focus on national defence all but inevitable.

    A recent Angus Reid poll found three in four Canadians want to see the country’s military strengthened in response to U.S. President Donald Trump’s threats to annex Canada as the 51st state. In early March, former prime minister Justin Trudeau committed publicly to increasing military spending.

    While it makes sense for a country feeling vulnerable to invasion to look at recruiting new soldiers and increasing its arsenal, there is an additional facet of national defence that is too often overlooked: food preparedness.

    Trump’s on-again, off-again tariffs are already “stoking a new nationalism” in Canadians and sparking interest in buying local, but food should be part of the national defence conversation, too.

    The double edge of globalization

    The globalization of food systems, in Canada and the rest of the world, has intensified since the Second World War. This has brought some benefits, such as year-round access to fresh produce, but it has also made Canada’s food systems vulnerable to the whims of its trading partners.

    Academics focused on food security and sovereignty have long raised concerns about import-dependence on key nutritious foods like fruits and vegetables.

    Even in 2021, when the COVID-19 pandemic shone a harsh light on food supply chains in Canada, research showed that the production of fresh produce was declining while imports were increasing.

    Now, faced with both a trade war and annexation threats, Canada must confront whether its domestic food systems can feed its population in a crisis — economic, political, environmental or otherwise.

    Food systems and national defence

    Trade-dependent countries worldwide are recognizing food security as a matter of national defence. Some, like Sweden, are making plans to take stock of the capacity and resilience of their food systems, and actively working toward a system that can sustain the lives of their citizens in a crisis.

    Sweden’s total goods trade accounted for 67 per cent of its GDP in 2023, compared to Canada’s 53 per cent. Despite its high level of trade dependence, Sweden has put food at the heart of the country’s total defence approach to national security.

    Total defence is a defence policy that emphasizes both traditional military activities and civilian activities, including their food systems.

    The Swedish government, in its defence resolution, states: “A well-functioning and robust food supply and personal preparedness of the civil population are ultimately a matter of survival and maintaining the will to defend.”

    This approach is not focused only on individual or household levels of preparedness — that is, whether people have enough in their pantries — but also includes the overall preparedness of the systems that produce, process and distribute food.

    Canada, with its heavy reliance on global trade and the U.S. as a primary trading partner, would do well to take note.

    Food sovereignty in Canada

    There are hundreds of scholars and thousands of community entities working to make Canada’s food systems more sustainable and resilient in the face of financialization, farmland consolidation and the globalization of supply chains.

    In Québec, for example, there is a growing movement to mobilize and empower producers, community entities, the agrifood sector, policymakers and additional stakeholders to build more resilient, territorial food systems across the province.



    Read more:
    Making our food fairer: Don’t Call Me Resilient EP 12

    Canadian experts play a key role in global discussions on food systems resilience, with scholars contributing to the United Nations Committee on World Food Security’s Building Resilient Food Systems draft report. This report is designed to help countries make their food systems more resilient, equitable and sustainable.

    Yet Canada’s efforts are not co-ordinated, empowered or moving fast enough in the push for greater food sovereignty. The point is not to abandon trade, but to manage it more strategically.

    Both international and domestic markets are crucial for Canadian farmers, and many local companies are devoted to importing everyday goods like coffee, tea and bananas under fair trade and agroecological conditions.

    Trade relations, however, are about more than economics; they involve building political partnerships with Mexico, the European Union, Asian countries and beyond — something Canada needs now more than ever.

    Sweden has already recognized this. Its food preparedness strategy involves deepening co-operation with like-minded Nordic countries and collaborating around the supply, transport, stockpiling and testing of food.

    Crisis-proofing Canada’s food systems

    To ensure Canada can feed itself in a crisis, the government must invest in domestic production, processing and distribution infrastructure. This would create more efficient, connected local markets that removes some of the burden of buying local from individuals.



    Read more:
    Boycotting U.S. products allows Canadians to take a rare political stand in their daily lives

    The Canadian government must also promote diversification in production and export. Canada needs to move away from monoculture farming and toward more regional networks and agroecological approaches. These approaches are more resilient to both crops themselves and the diverse markets they open up, reducing Canada’s dependence on single trading partners like the U.S.

    Key agricultural policies such as the Sustainable Canadian Agricultural Partnership need to go beyond the long-standing focus on prioritizing export markets. They must also invest in infrastructure and partnerships in Canada to strengthen their support of Canadian producers, ranchers, fisheries and food system players at home, to help them work together at a regional scale.

    Correcting power imbalances in our food systems is also critical. Greater local and regional autonomy over how food is produced, processed and distributed would help with this. These strategies would make Canada less vulnerable to supply chain disruption.

    Countries like Sweden recognize these efforts as part of national defence — an approach Canada should consider.

    But while we fight annexation from the kitchen table, we must recognize it doesn’t start there; it starts at a higher level. Only better policy, infrastructure and systemic change can prepare Canada to be more proactive and resilient in the face of world crises — economic or otherwise.

    Karen Foster receives research funding from the Social Sciences and Humanities Research Council of Canada (SSHRC) as well as Agriculture and Agri-Food Canada (AAFC). She is the director of the SSHRC/AAFC-funded Common Ground Canada Network.

    Alicia Martin is a Postdoctoral Fellow with the SSHRC/AAFC-funded Common Ground Canada Network.

    Gavin Fridell receives funding from the Social Science and Humanities Research Council (SSHRC) of Canada. He is a member of the Trade and Investment Research Project at the Canadian Centre for Policy Alternatives.

    Kathleen Kevany receives funding from The Social Sciences and Humanities Research Council, for the Food Impact Network research and knowledge mobilization for the handbook of sustainable diets; Natural Sciences and Engineering Research Council (NSERC) for food waste prevention work, and Mitacs for internships on food procurement and food environment analysis.

    I am advised to Farm to Cafeteria Canada (F2CC) an NGO.

    – ref. Why Canada must treat its food system as a matter of national defence – https://theconversation.com/why-canada-must-treat-its-food-system-as-a-matter-of-national-defence-251118

    MIL OSI – Global Reports –

  • MIL-OSI United Nations: Surge of Right-Wing Politics, Online Hate, Patriarchy Fuelling Violence Against Women, Commission Told

    Source: United Nations MIL OSI b

    The Commission on the Status of Women held an interactive dialogue today on gender-based violence, stigma, and stereotypes, focusing on the role of men and boys in ending the crisis, policy and legal responses to technology-facilitated violence, and the growing threat to women’s rights amid a “resurgence of right-wing authoritarian politics”.

    The Commission’s two-week annual session has centered on accelerating the implementation of the Platform for Action adopted at the 1995 conference on women in Beijing, where world leaders pledged to achieve gender equality and uphold women’s rights.  Two other interactive dialogues were held today on accountability and on the role of the Commission on the Status of Women in implementing the Platform for Action. 

    Delphine Schantz, United Nations Office on Drugs and Crime (UNODC), moderating the first interactive dialogue, said that every 10 minutes a woman or girl is killed “by someone close to her”.  A third of women killed by intimate partners had previously reported some form of violence.  She emphasized the urgent need to raise awareness about necessary societal changes and to lead the implementation of effective prevention policies, including measures to combat the growing threat of technology-facilitated gender-based violence.

    Holistic Action Plans ‘Best’ Approach to Gender-Based Violence

    Emma Fulu, the Equality Institute, stated that the most effective national action plans adopt a holistic approach to combat gender-based violence, integrating prevention, response, early intervention, and a strong emphasis on healing and justice.  National plans are often laid out in “beautiful documents” but lack clear, dedicated budgets for implementation.  “And we know that prevention requires sustained, long-term investment,” she stressed.  It is important to continue to learn “what’s working and what’s not”, she went on to say. From Fiji to Peru, she said, civil society and women’s organizations have been instrumental in ensuring that national plans deliver and Governments are held accountable.

    Need for Comprehensive Legal Reforms

    Selma Hadžihalilović, CURE Foundation, warned that “women face attacks by religious groups and increasing religious fundamentalism in our region”, also noting widespread discrimination and stigma against gender-based violence survivors, women and girls from LGBT communities, and women and girls with disabilities.  “We have to work on strengthening our institutions and support systems,” she said.  Additionally, despite some progress, women’s representation in political decision-making processes remains inadequate.  “As we say in Bosnia, you always make one step forward and two steps back,” she stated, calling for comprehensive legal reforms that effectively outlaw gender-based violence and all forms of violence against women. 

    Brazil Tackles Online Violence against Women

    Clarice Tavares, InternetLab, said that technology-facilitated gender-based violence takes many forms, including political violence against women and the non-consensual dissemination of images.  In Brazil’s last local elections women — who only made up 15 per cent of the candidates running — received nearly 70 per cent of the offensive and aggressive comments on social media.  “It has become clear that women running for public office are unequally target,” she said.  Men receive negative comments based on their political actions, but women are attacked because of their bodies and their personal lives.  Online violence has direct and profound consequences on women’s lives.  In Brazil, criminal laws focused on addressing different forms of online gender-based violence have passed in recent years, almost all of them named after survivors.  However, there is a lack of trust in the system, she said, also urging the need to hold platforms accountable. 

    Fiji Recognizes Patriarchy as Root Cause of Violence against Women

    Laisa Bulatale, Fiji Women’s Rights Movement, said that Pacific women and girls face some of the highest levels of violence in the world. An estimated 60 per cent of women and girls have experienced violence by intimate partner and family member.  Men make up over 90 per cent of perpetrators of violence against women and girls.  “Violence against women and girls is reinforced by community acceptance, deep rooted gender stereotypes, harmful social norms and practices and impunity for perpetrators,” she emphasized.  The root cause of violence against women and girls is negative patriarchal values.  Without this recognition and understanding, approaches and intervention to engage men and boys will not work and will only exacerbate harmful social norms.  The Fiji Government’s national action plan on preventing violence against women and girls recognizes patriarchy as a root cause of violence in its official documents.  “Violence against women and girls is never acceptable, never excusable and never tolerable,” she added.

    Surge of Right-Wing Politics Undermine Women’s Rights 

    “Around the world, we are witnessing a resurgence of right-wing authoritarian politics that actively undermines women’s rights,” said Joy Watson, Coalition of Feminists for Social Change.  She warned that women’s rights organizations are under attack globally — many are being forced to shut down, while others are expected to do more with fewer resources, struggling to “make money stretch” as the scale and complexity of gender-based violence continue to grow.  Women’s rights organizations are invaluable in bringing evidence-based insights into the design of policies.  “If we are serious about ending violence against women and girls, we need more than just words — we need funding that matches the scale of the crisis,” she said.  Women’s organizations need accountability that doesn’t buckle under political pressure.

    MIL OSI United Nations News –

  • MIL-OSI Security: Brooklyn Park Felon Pleads Guilty to Distributing Fentanyl Mixture Resulting in Death on Mille Lacs Reservation

    Source: Office of United States Attorneys

    ST. PAUL, Minn. – A Brooklyn Park man pleaded guilty to fentanyl trafficking that resulted in death, announced Acting U.S. Attorney Lisa D. Kirkpatrick.

    According to court documents, on July 26, 2023, Allen Lee Goodwin, 50, sold a mixture of fentanyl and para-fluorofentanyl to a 38-year-old male victim who lived on the Mille Lacs Indian Reservation. The next morning, Goodwin’s victim injected the fentanyl and para-fluorofentanyl substance and died minutes later. In his plea agreement, Goodwin admitted he intentionally transferred the fentanyl and para-fluorofentanyl mixture to his victim, and that the man would not have died but for the use of the fentanyl substance that he sold him.

    “Deadly fentanyl is flooding our state and our country—resulting in the tragic loss of so many of our citizens,” said Acting U.S. Attorney Lisa D. Kirkpatrick.  “Overdose rates are highest on our Indian reservations. This is unacceptable. My heart breaks for the Minnesota parents who have lost their children, struggling with drug addiction, to the greed and callousness of drug dealers.  My office will prosecute these purveyors of poison to the fullest extent of the law.”

    Goodwin pleaded guilty to one count of distribution of fentanyl resulting in death in U.S. District Court today before Judge Donovan W. Frank. A sentencing hearing will take place at a later date.

    This case is the result of an investigation conducted by the FBI and the Mille Lacs Tribal Police Department.

    Assistant U.S. Attorney Campbell Warner is prosecuting the case.

    MIL Security OSI –

  • MIL-OSI USA: Indian man residing in California sentenced to prison for scheme to smuggle aliens into the US, following ICE, USBP investigation

    Source: US Immigration and Customs Enforcement

    SEATTLE — An Indian man living in Santa Rosa, California was sentenced March 5, in U.S. District Court in Seattle to six months in prison for Conspiracy to Bring in and Transport Certain Aliens for Profit, following a U.S. Immigration and Customs Enforcement, U.S. Border Patrol investigation.

    “Human smuggling poses a serious threat to our nation’s border security and undermines the integrity of our immigration system,” said ICE Homeland Security Investigations Seattle acting Special Agent in Charge Matt Murphy. “This case highlights the importance of continued vigilance and coordination with our law enforcement partners to safeguard our borders and prevent the exploitation of vulnerable individuals.”

    Sushil Kumar, 35, and three others were indicted in connection with a scheme to smuggle illegal aliens across the northern border for profit. The group was connected to two smuggling episodes in November and December 2023. At the sentencing hearing U.S. District Judge Tana Lin noted that the aliens smuggled into the country are vulnerable. “That they wanted to be in the country doesn’t mean they were not exploited. Each was charged $5,000 to $10,000 which is months or years of their salary in the country from which they were coming… Human smuggling undermines our country’s ability to regulate the border at a real cost,” Judge Lin said.

    According to records filed in the case, the two smuggling events involved eight different citizens of India. On Nov. 27, 2023, a motion-activated camera caught multiple illegal aliens jumping a fence near the Boundary Village Apartments in Blaine, Washington. The fence is a quarter mile east of Peace Arch Park. Border Patrol agents near the apartments saw five people run to a white minivan. The vehicle was stopped by Border Patrol. Five illegal aliens were in the van with California resident Bobby Joe Green, 68, as the driver.

    When questioned, three of the illegal aliens told U.S. Border Patrol agents that they saw Kumar at Peace Arch Park prior to crossing the border illegally and identified him in 6-pack photo lineups. Two of the aliens stated that they communicated with Kumar via WhatsApp prior to Nov. 27, 2023. One of the aliens stated that Kumar instructed him to jump over a specific fence, and that he sent the alien a screenshot of his live location near the fence. The investigation revealed that Kumar and 26-year-old Rajat Rajat directed the aliens on where and how to cross the border. Rajat paid Green to transport the aliens from the border. Rajat asked for monetary payments from the aliens for being smuggled into the U.S.

    Similarly, in December 2023, Rajat met three citizens of India in Peace Arch Park and allegedly directed them how to cross through the park and get into a car driven by Sneha. The car was stopped, and the aliens were interviewed. They indicated they had promised to make monetary payments to be smuggled into the U.S. Rajat was picked up near the border after Sneha and the three aliens had been taken into custody.

    Three of the four defendants have pleaded guilty. Rajat Rajat, will be sentenced on April 23, 2025. Bobby Joe Green will be sentenced on March 13, 2025. The fourth defendant Sneha, 20, a citizen of India who is in the U.S. on a student visa and goes by just her last name, is scheduled to go to trial on a superseding indictment on May 12, 2025. Sneha was arrested in Renton and released on an appearance bond.

    The charges contained in the superseding indictment of Sneha are only allegations. A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

    The case is being investigated by ICE HSI and the U.S. Border Patrol.

    The case is being prosecuted by Assistant United States Attorneys Jin Kim and Mike Dion and Special Assistant United States Attorney Katherine Collins.

    Learn more about ICE HSI Seattle’s mission to combat human smuggling on X at @HSISeattle.

    MIL OSI USA News –

  • MIL-OSI: Shaping the Future of Work: HP Amplify 2025

    Source: GlobeNewswire (MIL-OSI)

    News Highlights

    • Brings world’s largest portfolio of AI PCs to the mainstream1 with new HP EliteBooks, HP EliteDesks, and HP OmniBooks – delivering smarter workflows and incredible productivity.
    • Launches the world’s first printers that protect against quantum computer attacks2 with the HP LaserJet Enterprise 8000 Series Printers for enhanced hardware security.
    • Enhances AI-powered insights in Workforce Experience Platform (WXP) to improve IT and employee experiences.
    • Optimizes gameplay with OMEN AI on the new OMEN 16 Slim Gaming Laptop, and HyperX Cloud III S Wireless Gaming Headset delivers unmatched immersive audio experiences.

    NASHVILLE, Tenn., March 18, 2025 (GLOBE NEWSWIRE) — At its annual Amplify Conference, HP Inc. (NYSE: HPQ) today announced new products and services designed to shape the future of work, empowering people and businesses to create and manage their own way of working. The company unveiled more than 80 PCs, AI-powered print tools for SMBs, and Workforce Experience Platform enhancements all built to drive company growth and professional fulfillment.

    “HP is translating AI into meaningful experiences that drive growth and fulfillment,” said Enrique Lores, President and CEO at HP Inc. “We are shaping the future of work with game-changing AI innovations that seamlessly adapt to how people want to work.”

    Leading the Future of Work

    HP’s 2024 Work Relationship Index reports that only 28 percent of workers have a healthy relationship with work. Companies and people are seeking better work experiences and new advancements in technology – from seamless device connectivity to AI applications – that can help people work faster, think more creatively, and connect on a deeper level.

    With customers looking to refresh their devices to Windows 11,3 HP is supercharging its PCs to take advantage of the latest technologies available with select models qualifying as Copilot+ PCs, 4 so work doesn’t feel like work:

    • The HP EliteBook 8 Series is masterfully redesigned with mainstream enterprise workers in mind, delivering AI-powered productivity and seamless collaboration in a repairable and upgradeable package. With NPU options up to 50 TOPS, experience up to 224% better power efficiency and up to 43 times faster AI image generation for incredible performance gains versus previous non-NPU models.5
    • The HP EliteDesk 8 Series brings AI powerfully and securely to the company’s desktop portfolio. These devices are ideal for corporate project managers and workers who need a reliable PC that can manage even the most demanding projects for smarter workflows and productivity. This is the world’s first business desktop PC portfolio to protect against quantum computer hacks,6 combining high performance with lower power consumption to reduce costs.
    • The HP EliteStudio 8 AiO G1i is the perfect tool for an on-the-go employee constantly moving around the office. As the world’s first commercial PC with integrated KVM ability through HP Device Switch,7 an employee can use the all-in-one for work or quickly plug their laptop into the AIO with a single cable to power the notebook and access all the available peripherals.
    • The OmniBook X Series is designed for creators who need a PC that adapts to their workflow, whether it be a svelte 14-inch flip device to ideate and draw, or a powerhouse clamshell 17.3-inch PC to power through their larger-than-life creations. The OmniBook 7 Series is built for power users on their PC for all-day productivity for school or work. And the OmniBook 5 Series is ideal for families and students with a versatile design that’s built for streaming, light gaming, and personal productivity. Devices across the consumer notebook portfolio are offered in a variety of sizes with powerful Intel Ultra or AMD Ryzen™ processors.

    HP is also delivering powerful new AI software experiences to complement this next generation of AI PCs. Qualifying consumer and commercial devices from HP are equipped with exclusive software designed to transform how people work in the office, at home, and everywhere in between:

    • HP AI Companion is an advanced on-device AI research assistant that delivers instant answers and secured file analysis, even without an internet connection.8,9 New features planned for this Spring include intuitive voice and text commands and built-in keylogger protections to enhance productivity while keeping data secure on the device.
    • HP Go10 plans to deliver seamless global connectivity for highly mobile professionals. With automatic network switching regardless of carrier, advanced fleet management, and effortless setup, road warriors can connect and be productive wherever work takes them. The HP Go service option will first be available on the HP EliteBook 6 G1q powered by Snapdragon X Series, making it the world’s first AI PC with zero-touch multi-carrier 5G deployment.11
    • Poly Camera Pro newest features make virtual interactions and video conferencing more dynamic and engaging, with AI-powered features like Magic Background, seamless streaming integrations, and presenter overlays.12 Multi-camera support, customizable aesthetics, and auto-framing transforms any workspace into a professional studio experience.

    HP is changing the way customers print and manage documents, making it easier and more efficient with new features and technology:

    • Two new features to its collection of AI-powered tools that help SMBs simplify and enhance the print experience. The first feature streamlines the process of sharing scanned documents by using AI to summarize them and draft an email with the document attached, allowing for easy sharing via email or chat. The second feature offers automatic and guided redaction to safeguard sensitive information, ensuring that private data remains secure on HP devices without requiring a cloud connection. These innovations aim to reduce the complexity and enhance the security of document handling for small businesses. 
    • The HP LaserJet Enterprise 8000 Series Printers are the world’s first printers that protect against quantum computer attacks2. They provide enhanced hardware-level security for highly regulated organizations that rely on secure printing, ensuring protection against future quantum computer attacks while seamlessly integrating with Zero Trust architectures.
    • The HP Latex R530 Printer is the only compact all-in-one HP Latex printer13, capable of handling both rigid and flexible media. Its digital operation simplifies workflows and maximizes space, boosting efficiency. It helps small and medium-sized print shops (PSPs) meet customer demands with high-quality prints and impressive output.

    HP provides IT with valuable insights that empower employees to thrive with HP Workforce Experience Platform (WXP)14 enhancements and expanded availability. New features include:

    • AI Sentiment Analysis now includes AI capabilities to assess and improve employee experience by analyzing thousands of free text surveys.
    • Fleet Explorer is a new AI-powered natural language processing (NLP) tool lets users query fleet data instantly for insights.
    • Vyopta Integration15 enables HP and Vyopta customers to now check on the overall health of their organization’s collaboration environment in WXP.
    • Pre-built scripts, alerts and dashboards help organizations monitor fleets, automate workflows.

    Shaping the Future in Play

    Technology can also offer people a smooth transition from work into play. According to Mohamed Ala Saayed, Senior Program Director & Fellow, Frost & Sullivan, “About 60% of gaming PCs owners likely use their systems for work-related activities in addition to gaming.”16

    New gaming hardware across OMEN and HyperX delivers meaningful performance and personalization for the ultimate in gameplay:

    • The OMEN 16 Slim Gaming Laptop redefines portable gaming with its ultra-thin design to game anywhere. The PC delivers next-level performance with up to Intel® Core™ Ultra 9 285H processors,17 and comes with up to an NVIDIA® GeForce RTX™ 5070 Laptop GPU for next-level graphics fidelity.
    • The OMEN Transcend 14 Gaming Laptop is refreshed to deliver the same powerful CPU and GPU performance as the OMEN 16 Slim for gamers and creators on the go, bringing 25% more power.18
    • OMEN AI is a personalized, one-click solution that recommends the best system, hardware, and gaming settings based on each unique device and game to eliminate endless tinkering. Accessible within OMEN Gaming Hub, OMEN AI is available on all HP gaming and consumer PCs.
    • The HyperX Cloud III S Wireless Gaming Headset delivers unmatched comfort and immersive audio for up to 120 hours of battery life in 2.4GHz and up to 200 hours in Bluetooth mode on a single charge.19 HyperX-tuned acoustics ensure crystal-clear audio and the durable yet flexible design, boom and boomless mic options, and customizable earcup plates let gamers play longer, sound better, and do it in style.20

    HP Amplify Newsroom
    For all the latest HP Amplify Partner Conference news and updates, visit the HP Newsroom including the just released Threat Research Report press release and news from the Advanced Compute Solutions business. More news posting at 2 p.m. ET and 4 p.m. ET.

    • Follow @HP on LinkedIn, X, and Instagram
    • Follow @Enrique Lores on LinkedIn
    • Follow #HPAmplify across social platforms for the latest updates

    About HP
    HP Inc. is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit http://www.hp.com.

    1 Based on HP’s internal analysis of AI-enabled platforms across all commercial PC and consumer PC vendors as of March 2025. “AI PC” is defined as a PC with an integrated Neural Processing Unit (NPU) designed to accelerate AI workloads, regardless of TOPS count.
    Comparison includes commercially and consumer available AI PCs available in the market.
    2 Based on HPs internal analysis of business Printers with preinstalled encryption, authentication, malware protection, post-quantum digital signature, and initial BIOS firmware integrity protection with automatic self-healing recovery finding that no other in-class Printers implement a quantum-resistant cryptographic scheme to protect the integrity of the BIOS and firmware as of March 2025.
    3 Not all features are available in all editions or versions of Windows. Systems may require upgraded and/or separately purchased hardware, drivers, software or BIOS update to take full advantage of Windows functionality. Windows is automatically updated and enabled. High speed internet and Microsoft account required. ISP fees may apply and additional requirements may apply over time for updates. See http://www.windows.com.
    4 On some devices, some Copilot+ PC experiences require free updates continuing to roll out through early 2025. Timing varies by device and region. See aka.ms/copilotpluspcs. Copilot is not available in China, Russia, Belarus, and embargoed regions Cuba, Iran, North Korea, and Crimea.
    5 Based on image generation with NPU vs. non-NPU processor using Amuse software generating a 1024 x 1024 pixel image from the same text prompt repeatedly until battery depletion to determine power efficiency. Configurations tested: HP EliteBook 8 G1a AI with AMD Ryzen AI PRO 350 and 32GB RAM vs. HP EliteBook 845 G10 with AMD Ryzen 7 PRO 7840U and 32GB RAM. Results may vary
    6 Based on HPs internal analysis of business PCs with preinstalled encryption, authentication, malware protection, BIOS-level protection and passing MIL-STD testing, finding that no other in-class PC implements a quantum-resistant cryptographic scheme to protect the integrity of UEFI BIOS firmware as of February 2024. Requires Windows 10 or higher. For supported HP PCs with the latest HP Endpoint Security Controller. See https://h20195.www2.hp.com/v2/GetDocument.aspx?docname=4AA8-3644ENW.
    7 Optional feature must be configured at the time of purchase.
    8 HP AI Companion is available preloaded on select HP next gen AI PCs or is available for download from the Microsoft store and requires a HP next gen AI PC with a NPU supporting 40-60 TOPS with 16 GB or more of storage and requires Windows 11. Perform requires account set up within 30 days of PC boot or enrollment through the HP AI Companion app. Some features require customer upload of local data. Ten (10) library 100 MB limit each, supported files may vary and at launch include pdf, .txt., .docx files. For ‘On device’ AI use, your HP Next Gen AI PC requires 32GB RAM and will require up to 4.5 GB storage on your PC. “On device” mode uses a downloaded LLM Phi 3.5 to process queries locally and does not require an internet connection. “Cloud” mode uses GPT-4o to process queries online and requires an internet connection. Spotlight and voice capability expected availability in Spring 2025 Availability varies by region.
    9 HP AI Companion requires an HP Next Gen AI PC with a NPU supporting 40-60 TOPS and requires Windows 11. For ‘On device’ AI use, your HP Next Gen AI PC requires 32 GB RAM and will require up to 4.5 GB storage on your PC.
    10 HP Go integrates pre-embedded carrier profiles, pre-activation processes, and pre-configured APNs at the factory, enabling seamless out-of-the-box connectivity. Requires 5G module and Windows support for carrier profile management and network selection. North America subscription service ONLY. Available in Spring 2025.
    11 Zero-touch multi-carrier 5G deployment is the ability to automatically onboard and activate 5G connectivity across multiple carriers without requiring manual carrier selection, IT-managed profile provisioning, or traditional enterprise (STD) onboarding methods. Unlike standard WWAN and eSIM-based setups, HP Go integrates pre-embedded carrier profiles, pre-activation processes, and pre-configured APNs, enabling automatic connection to the fastest available network. North America subscription service ONLY. Available in Spring 2025.
    12 Requires myHP application and Windows OS.
    13 Based on internal HP testing.
    14 HP Workforce Experience Platform (WXP) is available in various tiers with optional add-on solutions in various term licenses. WXP is for commercial customers and some features and capabilities may require additional purchase of HP Services and/or commercial hardware supporting the HP Insights agent for Windows, Mac, & Android available for download at https://workforceexperience.hp.com/software.admin.hp.com/software. For full system requirements and services that require the agent, please visit https://workforceexperience.hp.com/requirements. Activation and restrictions may apply. The agent collects telemetry and analytics around devices and applications that integrate into the Workforce Experience platform and is not sold as a standalone service. The agent is ISO27001, ISO27701, ISO27017 and SOC2 Type2 certified for Information Security.
    15 HP Vyopta license required for collaboration technology monitoring
    16 March 2025. Mohamed Alaa Saayed, Senior Program Director & Fellow, Frost & Sullivan. 60% of gaming PCs are split between 55% desktop and 65% laptop users.
    17 Multi-core is designed to improve performance of certain software products. Not all customers or software applications will necessarily benefit from use of this technology. Performance and clock frequency will vary depending on application workload and your hardware and software configurations. Intel’s numbering, branding and/or naming is not a measurement of higher performance. Intel, Core, and the Intel logo are trademarks and/or registered trademarks of Intel Corporation in the U.S. and other countries.
    18All performance specifications represent the typical specifications provided by HP’s component manufacturers; actual performance may vary either higher or lower. Total processors power = Total GPU power plus total thermal power.
    19 Tested at 50% headphone volume, continuous playback. Using 2.4GHz mode, the headset has a battery life of up to 120 hours. Using Bluetooth mode, the headset has a battery life of up to 200 hours. Actual battery life will vary with use and maximum battery capacity will naturally decrease with time and usage.
    20 Earcup plates sold separately. Available in select countries/regions.

    The MIL Network –

  • MIL-OSI USA: Attorney General James Takes Action to Protect New Yorkers from Robocalls

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James took action to protect New Yorkers from unwanted robocalls. Together with a bipartisan coalition of 27 other attorneys general, Attorney General James filed an amicus brief to support and defend a rule by the Federal Communications Commission (FCC) that stops telemarketers from obtaining and selling consumers’ phone numbers to robocallers without their consent. The coalition argues in their brief filed in Insurance Marketing Coalition v. Federal Communications Commission that the FCC was acting within its statutory authority when it promulgated the rule, and that the rule would help reduce the volume of robocalls made to consumers nationwide.

    “New Yorkers and consumers nationwide are sick and tired of receiving unwanted robocalls,” said Attorney General James. “Robocalls are not only annoying but have also led to serious scams that robbed people of millions of dollars. The FCC’s rule would help stop some of these unwanted calls and could protect consumers from fraud. My office is joining attorneys general across the country to defend this rule and help protect consumers.”

    Robocalls have been rampant and have led to scams and fraud. In 2023 alone, consumers reported losing more than $1.2 billion to scams perpetrated through robocalls and text messages, according to data collected by the Federal Trade Commission. To address this issue, the FCC issued a rule under the Telephone Consumer Protection Act (TCPA) that would require lead generators, companies that collect consumers’ information and sell it to third-party companies, to obtain consumers’ consent before sharing their phone number with third-party companies. 

    In their brief filed in the U.S. Court of Appeals for the Eleventh Circuit, the coalition argues that the FCC’s rule helps bolster efforts by states to stop robocalls. The coalition writes that the rule is effective by targeting robocalls at one of their sources: the point where consumer contact information is first obtained. In addition, they argue that the FCC’s rule protects consumers by providing them with clear and conspicuous disclosures when consenting to sharing their contact information with a seller, such as a website that they use to search for products or receive a quote on a service. 

    Joining Attorney General James in filing this brief are the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, North Carolina, Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and the District of Columbia.

    MIL OSI USA News –

  • MIL-OSI: Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 18, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, hosted a Ramadan Iftar night, gathering blockchain pioneers, crypto investors, and industry experts for an evening of networking, collaboration, and reflection. The event highlighted the spirit of Ramadan while aligning with Bitget’s broader initiative to donate 100,000 meals to vulnerable communities. The event is co-hosted with Cypher Capital and IO.net.

    The Iftar night provided a platform for meaningful dialogue among attendees, who broke their fast together in a warm, inclusive atmosphere. Discussions centered on blockchain innovation, market trends, and opportunities for collective growth, showing the blockchain industry’s potential to drive social impact.

    Bitget initially pledged 10,000 meals, and extended donation matches to all donations, a dollar for a dollar to double the efforts of the community. With the generous support, the gathering reflected the essence of Ramadan, emphasizing compassion, reflection, and collective growth. Guests enjoyed a traditional Iftar meal while exploring collaborative opportunities and discussing the future of blockchain technology. By fostering connections among blockchain enthusiasts, Bitget aimed to highlight the importance of community-driven initiatives in advancing innovation and inclusivity within the crypto ecosystem.

    The Iftar night event aligns with Bitget’s 100,000-meal donation initiative. Attendees contributed through donations, with Bitget matching each dollar raised.

    “Ramadan is a time for reflection, gratitude, and giving back. By bringing together leaders, investors and experts from the blockchain space and supporting those in need through our meal donation program, we aim to embody the values of compassion and unity,” said Vugar Usi Zade, COO of Bitget. “We’re committed to doing our part, and we’ll keep pushing to help as many people as we can—not just during Ramadan, but every chance we get.”

    The 100,000-meal initiative targets vulnerable communities in regions facing significant challenges, aiming to alleviate hunger during the holy month. To achieve the fundraising target, Bitget has introduced initiatives encouraging participation from users, VIP clients, and influencer partners. Exclusive auctions featuring memorabilia from partnerships with La Liga also go towards the fundraiser.

    Bitget’s Ramadan Iftar Night celebrated cultural traditions and promoted popularization of technology and humanitarian efforts. In a total so far, Bitget has raised 42604 meals aiming to surpass 100,000 anticipating auction results and events upcoming in Jakarta and Malaysia. The blockchain industry continues to evolve, Bitget remains steadfast in its pledge to empower communities, drive innovation, and create lasting positive impact.

    Media partners: Bitcoinist | Blockchain Reporter | Bitcoin.com | Coinedition | Coingape | Crypto news | Crypto Daily | Cryptopolitan | Cryptorank | Mpost | NewsBTC | UAE news 247

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f05ecca2-3fbe-45f9-8477-2fc955aa7d3d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/05b3adea-092e-4ffa-92ca-0ebf42710bef

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7c2ba72c-9d67-43ed-ab12-6ee7aa378aaf

    https://www.globenewswire.com/NewsRoom/AttachmentNg/63374c99-9629-4953-b319-86f8ef988469

    The MIL Network –

  • MIL-OSI Asia-Pac: National security exhibition opens

    Source: Hong Kong Information Services

    The 10th National Security Education Day thematic exhibition was launched at the Hong Kong Museum of History today, kickstarting a series of activities on national security education.

    The exhibition will be open to the general public from tomorrow.

    April 15 this year marks the 10th National Security Education Day. The thematic exhibition adopts the national theme of “The 10th anniversary of National Security Education Day: advancing towards more in-depth & effective implementation”, reflecting on the development of promoting national security education in the country and the Hong Kong Special Administrative Region over the years.

    Officiating at the opening ceremony of the thematic exhibition, Secretary for Education Choi Yuk-lin said the Education Bureau has been supporting schools in enhancing national education as well as fostering students’ sense of patriotism and awareness of national security.

    “We will continue to work hand in hand with all sectors of society to promote national security education, with a view to strengthening the public’s awareness and sense of responsibility in safeguarding national security on their own accord, and creating a positive atmosphere of patriotism and love for Hong Kong.”

    The Hong Kong SAR Government stressed that it will continue to widen and deepen the promotion of national security education.

    As of the first term of the current school year, over 43,000 students from about 120 primary and secondary schools visited the National Security Exhibition Gallery.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: SBA Relief Still Available to Montana Private Nonprofits Affected by May Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofit (PNP) organizations in Montana of the April 18, 2025, deadline to apply for low interest federal disaster loans to offset economic losses caused by the May 6-9, 2024, severe winter storm and flooding.

    The disaster declaration covers the counties of Blaine, Chouteau, Fergus, Hill, Judith Basin, Petroleum, Pondera, Teton, Toole, Wheatland, as well as the Rocky Boy’s Indian Reservation and the Fort Belknap Indian Community.

    Under the declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs providing non-critical services of a governmental nature and suffered financial losses directly related to the disaster. Examples of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.

    EIDLs are available for working capital needs cause by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    Interest rates can be as low as 3.25% with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    To apply online, visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications no later than April 18.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI Security: Southern District of Texas Charges Nearly 250 People in Second Week of March in Relation to Border Enforcement Efforts

    Source: Federal Bureau of Investigation (FBI) State Crime News

    HOUSTON – A total of 245 new cases have been filed in the last week related to immigration and border security, announced U.S. Attorney Nicholas J. Ganjei. 

    Of those, 115 are charged with illegally re-entering the country with the majority having felony convictions such as narcotics, violent and/or sexual crimes and prior immigration offenses. A total 118 face charges of illegally entering the country, 10 cases involve various instances of human smuggling, and the remainder relate to firearms and assault of federal officers. 

    Of those facing allegations of illegally re-entering the country is Santos Demetrio Marquez-Hernandez from El Salvador. The criminal complaint indicates he has a felony conviction of contact with a minor with sexual intent and was removed just over two months ago on Jan. 8. He could receive up to 20 years in U.S. prison.

    Juan Daniel Pena and Jose Cristian Cantu Jr. were also arrested this week for attempting to smuggle 15 aliens through the Border Patrol checkpoint near Sarita. The charges allege the aliens, who were from El Salvador, Guatemala, Honduras and Vietnam, were hidden inside two trucks being hauled on a flatbed trailer. Five of the illegal aliens were allegedly previously ordered removed from the United States and are now facing their own charges of illegal reentry into the United States.

    Relevant cases also featured this week include an Arkansas man who was found guilty of transporting illegal aliens in a truck’s wheel well and fuel tank. The jury deliberated for under 30 minutes following a less than two-day trial before finding Noel Mercado guilty on two counts of alien smuggling. An x-ray scan revealed at least two individuals in the truck’s wheel wells – found bolted inside modified wheel well compartments. Law enforcement also discovered two more individuals in the auxiliary fuel tank below the truck bed. All four were illegal aliens from the countries of Honduras, El Salvador and Guatemala with no authority to be in the United States. 

    Among those charged this week also includes Gerardo Hervey Rodriguez-Toscano, a Mexican citizen who allegedly ran up the Mexican side of the Hidalgo port of entry and attempted to evade U.S. law enforcement at the midpoint. Authorities were able to detain him, but after a struggle, according to the allegations. One officer allegedly suffered injuries to his wrist, knee and elbow. If convicted, Rodriguez-Toscano faces up to eight years in prison.

    In addition, a Honduran man attempted to enter the country illegally by pretending to be a minor. Elger Fabricio Cotto-Navarro claimed he was born in May 2007, when he was actually born the previous year. He initially denied the allegations and made a written statement as such, but ultimately acknowledged he was an adult and that he provided an incorrect date of birth and made false statements.   

    These cases were referred or supported by federal law enforcement partners, including Immigration and Customs Enforcement (ICE) – Homeland Security Investigations, ICE – Enforcement and Removal Operations, Border Patrol, Drug Enforcement Administration, FBI, U.S. Marshals Service, Department of Health and Human Services – Office of Inspector General and Bureau of Alcohol, Tobacco, Firearms and Explosives with additional assistance from state and local law enforcement partners.

    The cases are part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhood.

    Under current leadership, public safety and a secure border are the top priorities for the Southern District of Texas (SDTX). Enhanced enforcement both at the border and in the interior of the district have yielded aliens engaged in unlawful activity or with serious criminal history, including human trafficking, sexual assault and violence against children.  

    The SDTX remains one of the busiest in the nation. It represents 43 counties and more than nine million people covering 44,000 square miles. Assistant U.S. Attorneys from all seven divisions including Houston, Galveston, Victoria, Corpus Christi, Brownsville, McAllen and Laredo work directly with our law enforcement partners on the federal, state and local levels to prosecute the suspected offenders of these and other federal crimes. 

    An indictment or criminal complaint is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

  • MIL-OSI Global: Water cooperation is essential when countries share lakes and rivers – yet it’s been deteriorating in many places, with serious consequences

    Source: The Conversation – USA – By Susanne Schmeier, Associate Professor of Water Law and Diplomacy, IHE Delft

    Lake Chad once provided adequate livelihoods for 20 million people in Africa, but it lost 90% of its surface area in 30 years. AP Photo/Christophe Ena

    Just over half the world’s population shares a river or lake basin with at least one other country. To sustainably manage those water resources for the health of people, ecosystems and economies, neighboring countries must work together.

    However, many countries have been less willing to cooperate in recent years, even to protect a resource as vital as freshwater.

    This trend away from multilateralism isn’t unique to water. The world is seeing a decline in the general willingness of countries to jointly solve many interstate, regional and global challenges. It shows as countries, like the U.S., pull out of the global institutions, such as the World Health Organization, and drop their support for global climate goals.

    The breakdown in cooperation can have severe consequences. If one country takes more water than agreed upon, and builds dams or pollutes the water, its neighbors and their people, cities, agriculture, energy production and wildlife can suffer. That can ultimately destabilize local communities, deteriorate relations between countries and endanger regional peace and stability.

    Water flowing into Africa’s Nile River affects several countries. A large dam being built by Ethiopia has led to concerns and disputes in the region.
    AP Photo/Amr Nabil

    We conduct research and work with governments and international organizations on environment and water law, policy and governance. The shift we’re seeing away from multilateral cooperation and rules-based order to more nationalistic tendencies, in which a country prioritizes itself to the detriment of all others, is raising concerns about the future.

    Thousands of years of water cooperation paid off

    More than 4,000 years ago, two Sumerian city-states – Lagash and Umma – were engaged in a fierce war over a strip of fertile land and a canal fed by the Tigris River in what today would be southern Iraq.

    The conflict ended in 2550 B.C. with the first known precursor to an international water treaty. The Mesilim Treaty included payments and agreements on collaborative water use. It didn’t hold the peace permanently, but it created a model that lasted.

    Conflict still occurs over shared waters; however, since the late 1800s, and particularly since the end of World War II, cooperation has been the dominant interaction between countries in the world’s 313 surface water basins, 468 transboundary aquifers and more than 300 transboundary wetlands.

    In Europe, for example, countries have worked together through treaties, data sharing and joint projects to improve water quality, including in the Rhine and Danube rivers.

    Nine countries work closely to protect the health of the Rhine River, which each depends on. In 2018, that cooperation became essential as water levels dropped to levels that interrupted ship travel.
    AP Photo/Martin Meissner

    Having cooperative processes in place also helps when disagreements arise. In Southeast Asia, negotiations and technical exchanges between countries that share the Mekong River have helped to ease tensions over the construction of dams in Laos.

    Unilateralism is rising

    Despite the proven benefits from cooperating over water resources, we’re seeing a troubling trend: Countries are increasingly taking actions that undermine water cooperation.

    Even in the Columbia River Basin, often considered a model of cross-border cooperation, the status of an updated treaty between the U.S. and Canada is in question after the Trump administration paused talks in March 2025.

    Since 1964, the U.S. has paid Canada to control the river’s flow to prevent flooding and to serve U.S. hydropower plants. The updated deal has been agreed to in principle, but is not signed. That’s raising questions about what will happen if the interim agreements expire in 2027 before the new treaty comes into force.

    Another example is in the Zambezi River Basin in southern Africa, where countries increasingly disregard agreements to notify one another before building projects that will affect the water flow. Similar behavior happens in the Nile and Aral Sea regions, among others.

    Ethiopia’s construction of a large hydroelectric damage on the Blue Nile has upset its downstream neighbors.

    As unilateral actions over shared water resources become more frequent, the willingness of governments to enter into agreements and establish joint institutions to guide that cooperation is declining. The rate of establishing multilateral agreements has significantly slowed since the 2010s. Only around 10 agreements have been signed since 2020, and only two joint institutions have been established. A large proportion of basins have no agreements or institutions at all.

    The few recent attempts to establish cooperative mechanisms have stalled or failed. The formal establishment of an organization to manage Lake Kivu and the Ruzizi River basin, shared by Congo, Rwanda and Burundi, was never formally ratified by its member countries. That left the once-promising organization a zombie.

    Even when institutions already exist, some governments are withdrawing from them. But moves made for short-term gain can have long-term repercussions.

    An example involves the Aral Sea, which has shrunk dramatically since the 1960s due to a combination of water demand for cotton crops and climate change drying the region.

    The International Fund for Saving the Aral Sea, IFAS, was created in 1993 by five countries to support projects designed to ensure water use remains possible along its rivers. However, in 2016, Kyrgyzstan froze its membership, arguing that the organization wasn’t taking Kyrgyzstan’s national interests into account. Kyrgyzstan contributes about 25% of water flowing into the region. Its frozen participation limits IFAS’ effectiveness.

    The Aral Sea in Central Asia has been shrinking since the 1960s, but dramatically lost water each year over the past two decades. The top left image is from 2000.
    NASA

    Similarly, Egypt and Sudan froze their participation in the Nile Basin Initiative in 2010 over a cooperative agreement that they saw as violating their historical water rights – established in colonial 1929 and 1959 agreements – in favor of governance centered on “equitable water allocations.” While Sudan resumed participation in the Nile Basin Initiative in 2012, Egypt’s participation remains frozen.

    Erosion of multilateralism

    The changes we’re seeing with water agreements and institutions reflect a broader decline in countries’ willingness to address shared problems through multilateral cooperation — a trend that seems to be rapidly increasing.

    In the United States, the Trump administration is pursuing expansionist foreign policies and protectionist trade policies. The administration has also publicly wavered on the U.S. commitment to NATO and announced it was leaving the World Health Organization.

    Argentina also announced it would withdraw from the WHO. Mali, Burkina Faso and Niger have withdrawn from the Economic Community of West African States, which promotes economic and political cooperation in the region.

    The environment has been particularly affected by this trend. The U.S. move to withdraw from the Paris climate agreement and the difficulty of reaching a global plastics treaty also reflect the growing difficulty in reaching cooperative solutions to benefit future generations.

    Harm to ecosystems, people and countries

    As climate change shrinks freshwater resources, and growing populations lead to overexploitation of water supplies, countries will increasingly need multilateral cooperation to avoid conflict.

    These agreements and institutions provide forums for communication and cooperation. Losing them can lead to less well-governed water resources, declining environmental, economic and health benefits, and increasing conflict.

    Lake Chad is a cautionary example. The Lake Chad Basin Commission was established in 1964 by Cameroon, Chad, Niger and Nigeria to oversee its water and other natural resources and coordinate projects related to the lake. But the countries never fully committed to cooperating.

    Since then, the lake has shrunk by around 90%, which has increased poverty by reducing people’s access to vital water resources to support their livelihoods. And that has created optimal conditions for terrorist group Boko Haram’s violent insurgency to succeed in recruiting young men who had limited livelihood options left.

    People collect water from a branch of Lake Chad in Ngouboua, Chad, which has been attacked by the terrorist group Boko Haram. People depend on the lake for water, but it has been shrinking.
    Philippe Desmazes/AFP via Getty Images

    We believe this decline in countries’ commitment to multilateral cooperation should be a wake-up call for everyone. If the world’s most precious resource is not managed cooperatively and sustainably across international boundaries, more than just water is at risk.

    Melissa McCracken has not received funding related to this article.

    Susanne Schmeier does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Water cooperation is essential when countries share lakes and rivers – yet it’s been deteriorating in many places, with serious consequences – https://theconversation.com/water-cooperation-is-essential-when-countries-share-lakes-and-rivers-yet-its-been-deteriorating-in-many-places-with-serious-consequences-251864

    MIL OSI – Global Reports –

  • MIL-OSI Security: Defense News: USS Vermont Returns Home From First Western Pacific Deployment

    Source: United States Navy

    JOINT BASE PEARL HARBOR-HICKAM, Hawaii – The Virginia-class fast-attack submarine USS Vermont (SSN 792) returned to Joint Base Pearl Harbor-Hickam March 16, following a seven-month deployment, the submarine’s first deployment to the Western Pacific. 104 Sailors assigned to Vermont earned their first Sea Service Deployment Ribbon, since the submarine’s departure from Pearl Harbor in August 2024.

    MIL Security OSI –

  • MIL-OSI Global: Surf therapy for children with disabilities: how it’s changing lives in South Africa

    Source: The Conversation – Africa – By Roxy Davis, Doctor of philosophy, University of Cape Town

    Children with disabilities face significant challenges in South Africa. Firstly there are delayed diagnoses which can lead to complications. The high cost of healthcare and little financial support for their families can limit their access to healthcare services altogether.

    There is also little access to rehabilitation services. Inadequate facilities and a shortage of trained personnel are just some of the obstacles.

    I started thinking about ways to get over these obstacles when I noticed that people with disabilities weren’t well represented in my sport.

    As a competitive surfer and instructor, I had always celebrated the ocean’s ability to inspire confidence and resilience.

    Every day, the beach was alive with activity – surfers, families and ocean lovers. Yet among them, I rarely saw people with disabilities in the water.

    I began to notice that the beachfront itself, the infrastructure, the culture, and even my own surf school, weren’t actively creating space for inclusivity.

    This would eventually become the cornerstone of the Roxy Davis Foundation, established in 2019, and later my doctoral research focusing on ocean-based therapy for children with disabilities.

    I found surf therapy enhanced the mental, emotional, and physical well-being of these children.

    New therapy

    Surf therapy teaches people with disabilities to surf to promote psychological, physical and psychosocial well-being.

    The first peer reviewed publication on surf therapy appeared in 2010 and focused on Aboriginal children in Australia. It was about mitigating the inter-generational trauma suffered as a result of the government-sanctioned removal of Aboriginal children from their families, a policy that only ended in the 1970s.

    In 2020 a review of a 10-year period included 29 studies into war veterans and young adult cancer survivors, among others.

    One such study focused on children with autism spectrum disorder. The study took place in the north-west of Ireland. Children said they felt happier and free, while their parents said they were more relaxed and confident.

    A South African study with children with autism spectrum disorder explored the feasibility and unique benefits of an existing surf therapy programme and reported largely positive results.

    My own research involved an adapted surf therapy programme for children with a range of disabilities.

    Five children aged between 12 and 16 were enrolled. Altogether there were 35 participants including parents, counsellors, volunteers, physiotherapists and surf instructors.

    Four of the five children were from under-resourced communities in South Africa’s Western Cape province and all had either a physical, sensory, intellectual or cognitive impairment.

    None of the children had taken part in ocean sports before.

    Getting into the water

    For six weeks the children took part in a three-hour surf therapy session on a Friday afternoon.

    The first goal was to get the kids in the water. We used mobility mats, surfboards with handles and amphibious beach wheelchairs to help.

    Each child was taught now to surf according to their pace of learning and ability.

    There was also a “surfers’ circle” with a discussion topic for each session.

    After six weeks we conducted follow-up interviews to see what changes the children had experienced, and if these had any influence on their lives outside surfing.

    We also asked parents and counsellors to identify the most significant changes in the children.

    ‘I felt free and confident’

    Final interviews were completed one year later.

    Charlie, aged 12, with cerebral palsy: “If my brothers want to go surfing I don’t have to stay behind and just watch them, I can go surf with them. It is so cool to surf with my dad and my brothers.”

    Charlie’s teacher: “His self-awareness level and how he sees himself in the world has really improved.”

    Tala, aged 15, with cerebal palsy: “Once I started surfing, I felt free and confident. Even in other spaces, when I’m not surfing, like, ‘Yeah I can surf, I can do something like surfing that I didn’t know that I could do before.’ ”

    Tala’s school psychologist: “She went into this feeling very insecure, nervous and anxious. She said she will always remember who she was and how she felt before she went to the programme and how she came out of it … to be able to use that feeling and apply it to a different situation, that’s huge for her.”

    Princess, aged 15, with spina bifida: was determined to “wean” herself off using nappies after gaining confidence through surf therapy.

    Princess’s guardian described her experience as similar to “winning a gold medal … She was more confident in herself than ever. She is off that nappy completely now.”

    Thabo, aged 14, a leg amputee: “Before session one, I was feeling nervous and excited, but as soon as I got in the sea, the nerves disappeared. You look and realise you can actually do that. I feel like I belong in the ocean.”

    After the final session he said: “I can relax, I can be in control of my urges and my temper. I’m now not always thinking about what people think about me. I can be myself in many ways.”

    Rowan, aged 15, a quadruple amputee: “Before I started surfing, I was thinking I can’t do it until I tried it and just being there was like beyond being able to speak in my wildest dreams. I couldn’t believe I could surf in the ocean riding some waves.

    “On my first session, I was like ‘If I can do it, I can do it for the rest of my life’.”

    In his second interview he said: “My goal is to become a national champion and to become a Paralympic champion.”

    One year after the surf therapy programme he entered a provincial parasurfing competition, which he won. He was then selected to participate in the South African Para Surfing Championships in 2022, where he came second. Later that year he was selected to represent South Africa at the World Para Surfing Championships in California. Nineteen months after starting surfing, in December, on his 16th birthday, he competed in the World Championships and was placed 17th.

    Surf therapy demonstrates what’s possible when we focus on ability rather than limitation.

    Roxy Davis is affiliated with the Roxy Davis Foundation.

    – ref. Surf therapy for children with disabilities: how it’s changing lives in South Africa – https://theconversation.com/surf-therapy-for-children-with-disabilities-how-its-changing-lives-in-south-africa-245290

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Participation in Singapore Defence Technology Summit 2025

    Source: Switzerland – Department of Defence, Civil Protection and Sport

    From 18 to 20 March 2025, a delegation from the Federal Office for Defence Procurement armasuisse led by Deputy National Armaments Director Thomas Rothacher will attend the “Singapore Defence Technology Summit 2025”. The conference will raise the topic of how modern defence technologies and partnerships can contribute to overcoming the challenges of an uncertain future. In addition, Ng Chad-Son, Director of the Singaporean Defence Science and Technology Agency (DSTA), will sign the Memorandum of Understanding on the increased defence technology cooperation between Switzerland and Singapore, which the Federal Council approved on 14 March.

    MIL OSI Europe News –

  • MIL-OSI: Pivotal Appoints Marjorie Dickman to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, March 18, 2025 (GLOBE NEWSWIRE) — Pivotal, the market leader in light electric vertical takeoff and landing (eVTOL) aircraft, today announced the appointment of Marjorie Dickman to its board of directors. A global government affairs and geopolitical expert, Ms. Dickman is consistently recognized among the nation’s top public policy executives and top women in technology. For decades, she has led corporate strategies that navigate complex regulatory landscapes in the U.S. and abroad – creating opportunities, managing risk and growing market share.

    “We are thrilled to welcome Marjorie to Pivotal’s Board of Directors. Her wisdom of U.S. and global government affairs and her deep business acumen in the emerging tech and transportation sectors are invaluable to our growth,” said Ken Karklin, Chief Executive Officer, Pivotal. “This is an exciting time for Pivotal. Our aircraft offer a new way to experience flight, and our aero architecture is ready for public safety and defense use cases.”

    “I am excited to join the board and delighted that my extensive experience in tech and transportation innovation aligns with Pivotal’s mission,” said Marjorie Dickman. “I am especially pleased that my regulatory expertise in navigating global market access and competition can be an asset for Pivotal’s growth in the eVTOL market.”

    About Marjorie Dickman
    Ms. Dickman is a highly seasoned government affairs expert and attorney, based in Washington, D.C.

    She built her career leading government engagement and communication strategies for multinational technology companies – with a focus on rapidly evolving sectors like AI, automated and connected vehicles, cybersecurity, data privacy, Internet of Things (transport, energy, manufacturing), and secure communications for defense and first responders. Her track record of success building trusted government relationships, influencing public policy, and navigating regulatory and legal frameworks has earned numerous accolades. Examples include “Tech Titan” Policy Influencer, Global HERoes Role Model, and Most Powerful Women in Tech.

    As BlackBerry’s first Chief Government Affairs and Public Policy Officer and direct report to the CEO/Executive Chairman, Ms. Dickman opened the company’s Washington, D.C. office in 2020. She built BlackBerry’s Global Government Affairs and Public Policy organization from the ground up, including the company’s Government Relations and Technical Standards teams operating in the U.S., Canada, EMEA, the UK, LATAM, and APJ.

    Prior to BlackBerry, Ms. Dickman led a highly successful 16-year career at Intel Corporation – most recently launching and leading global government affairs for two of Intel’s most ‘disruptive’ businesses: Automated Driving and the Internet of Things – where she managed teams across the U.S., EMEA, China and Japan. Prior to Intel, she practiced law at a prominent Washington firm, specializing in telecom regulation and M&A.

    Ms. Dickman has been appointed to the Boards of the Eno Center for Transportation, Consumer Technology Association (CES), U.S. Chamber of Commerce’s Technology Engagement Center and Cybersecurity Leadership Council, No. Virginia Technology Council, and George Mason University’s College of Engineering and Computing. She is an honors graduate of Georgetown University Law Center (J.D.) and Duke University (A.B., Public Policy).

    About Pivotal
    Pivotal designs, develops, and manufactures light eVTOL aircraft. An industry pioneer, Pivotal is renowned for the BlackFly, the first light eVTOL to be commercially available and delivered to customers in the United States. In October 2023, Pivotal introduced its next generation production aircraft, the Helix, and in January 2024 began sales of the Helix. The company’s distinctive tilt-aircraft architecture and scalable technology platform have been under continuous improvement for well over a decade, and today, Pivotal has the most mature technology in the light eVTOL category. Efficient, compact, and simple, Pivotal vehicles are designed for a wide range of consumer, public safety, and defense applications. The company is headquartered in Palo Alto, CA. For videos and more information, visit https://pivotal.aero.

    Media Contact:
    Heidi Groshelle
    press@pivotal.aero

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7fd7ffc9-f2e7-429c-b5b0-55ff0a50da3d

    The MIL Network –

  • MIL-OSI: GCM Grosvenor Expands Individual Investor Distribution Platform with Strategic Joint Venture

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 18, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced a strategic joint venture to establish a premier individual investor distribution platform focused on the registered investment advisor (RIA), independent broker-dealer, and family office channels. The initiative marks a strategic expansion of GCM Grosvenor’s capabilities, building on GCM Grosvenor’s strong brand and distribution platform success in the wirehouse channels, and enhancing its ability to serve the growing demand for alternative investments among individual investors.

    The joint venture, Grove Lane Partners, will be led by Ryan Chapman, an industry veteran with a track record of scaling alternative investment platforms for individual investors. Chapman previously held senior roles at Blackstone, where he was instrumental in developing and executing distribution strategies for private market solutions across the registered investment advisor (RIA), independent broker-dealer, and family office channels. His expertise spans product structuring, capital raising, and advisory education – critical elements for driving adoption of alternative strategies in the individual investor market.

    “This initiative represents a strategic expansion of our individual investor capabilities,” said Michael Sacks, Chairman and Chief Executive Officer at GCM Grosvenor. “As demand for alternative investments accelerates among individual investors, we are pleased to partner with Grove Lane Partners to expand our channel reach and position us to deliver institutional-quality solutions to a broader investor base.”

    “We are committed to equipping advisors with sophisticated alternative investment solutions from leading asset managers that can enhance portfolio diversification and long-term return potential,” said Ryan Chapman, President, Grove Lane Partners. “We are excited to partner with GCM Grosvenor given their extensive track record in alternative investments and their unwavering focus on client success.”

    This partnership aims to provide individual investors with exposure to institutional quality private alternative investments, managed by GCM Grosvenor and third-party managers. Interests in the GCM Grosvenor investment products are offered through GRV Securities LLC, a Delaware limited liability company registered with the Securities and Exchange Commission as a broker-dealer and a member of Financial Industry Regulatory Authority and Securities Investor Protection Corporation.

    GCM Grosvenor holds a minority interest in the joint venture today, with an option to acquire full ownership in the future.

    With its investment in Grove Lane Partners, GCM Grosvenor is strengthening its position as a leading provider of alternative investments across institutional and private wealth channels. For more information on GCM Grosvenor’s Individual Investor Solutions, please visit: www.gcmgrosvenor.com/individual-investor-solutions. For more information on Grove Lane Partners, please visit: www.GroveLanePartners.com.

    About GCM Grosvenor 

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. The firm is registered with the Securities and Exchange Commission as an investment adviser.

    GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.

    Media Contact 
    Tom Johnson and Abigail Ruck
    H/Advisors Abernathy 
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global 
    212-371-5999 

    The MIL Network –

  • MIL-OSI: LyondellBasell and Covestro announce permanent closure of PO11 unit at Maasvlakte

    Source: GlobeNewswire (MIL-OSI)

    MAASSVLAKTE, Netherlands, March 18, 2025 (GLOBE NEWSWIRE) — LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to global overcapacities, a strong increase of imports from Asia and high costs of European production. Unfortunately, this situation is expected to continue, so longer-term profitable production is not anticipated.

    “While the decision to shut down the PO11 unit is difficult, we must ensure all assets within our portfolio are a long-term strategic fit,” said Aaron Ledet, executive vice-president, I&D and Supply Chain. “We are prioritizing our core assets which play a key role in our technology differentiation and circularity or provide attractive returns over the cost of capital. We take our obligations toward our employees, European employee reps, councils and unions seriously. We have engaged with them in line with these obligations and will continue to do so. We would like to thank them for the constructive dialogue. We are also in communication with customers, suppliers and other parties across the value chain and will continue to do business as usual. There is no change to our working relationship, and we continue to focus on providing an exceptional customer and supplier experience.”

    “As part of our Sustainable Future Strategy, we’re continuously working to optimally position Covestro to be a reliable partner for our customers and to operate competitively in a challenging market environment,” said Hermann-Josef Dörholt, head of the Performance Materials Business Entity at Covestro. “Due to global overcapacities, persistently weak demand, and high costs in Europe, we have jointly decided with LYB to close the PO11 plant. We will support LYB in implementing this change as socially responsibly as possible. At the same time, we remain committed to the European market and will continue to supply customers with our renowned polyether polyols portfolio.”

    The Maasvlakte site, a joint venture between LYB and Covestro, has been operational in the Rotterdam region since 2003. Between now and the end of 2026, LYB will carry out a process to safely shut down and prepare for the demolition of the asset.

    In 2024, LYB announced a strategic review of European assets of its Olefins & Polyolefins (O&P) and Intermediates & Derivatives (I&D) business units. LYB has taken the next step in evaluating the option to seek alternative ownership for the O&P sites in the strategic assessment. At this time no decisions have been made and various outcomes remain possible.

    About LyondellBasell
    We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

    About Covestro
    Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

    The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

    Media Inquiries LYB Global
    LyondellBasell Media Relations
    Phone: +1-713-309-7575
    Email: mediarelations@lyondellbasell.com

    Or:

    Media Inquiries LYB Europe
    Robert Kleissen, External Affairs Europe
    Phone: +31-6-273-573-98
    Email: robert.kleissen@lyondellbasell.com

    Media Inquiries Covestro
    Markus Kleine-Beck, Corporate Trade Media Relations
    Phone: +49-173-2320-686
    Email: markus.kleine-beck@covestro.com

    Svenja Paul, Corporate Media Relations
    Phone: +49-214-6009-2814
    Email: svenja.paul@covestro.com

    Forward-Looking Statements LYB
    The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; and our ability to safely shut the asset described down and conduct demolition. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2024, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law.

    Forward-Looking Statements Covestro
    This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports, which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab7935cb-361b-4c8f-82f7-81f1b6bcd387

    The MIL Network –

  • MIL-OSI: VMware Explore 2025, an Essential Cloud Event for IT Professionals, Returns to Las Vegas and Extends to New Regions

    Source: GlobeNewswire (MIL-OSI)

    VMware Explore on Tour to be Newly Held in Frankfurt, London, Mumbai, Paris, Sydney and Tokyo in Fall 2025

    PALO ALTO, Calif., March 18, 2025 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO) today announced highlights and new program elements of VMware Explore(R) 2025, an essential cloud event for IT professionals. VMware Explore 2025 will kick-off in Las Vegas on August 25 at The Venetian Convention and Expo Center. Explore will then go on the road to select cities in Asia Pacific, Japan and Europe.

    VMware Explore 2025 in Las Vegas will feature technical and business-level sessions and panel discussions, technical deep-dive sessions, expert roundtables, instructor-led and self-paced labs, as well as a general session designed to map the course for attendees across private cloud, private AI and more. Attendees will have opportunities to gain actionable insights on technical topics focused on cloud infrastructure, modern applications, and networking, security and load balancing through programming filled with technology innovation, education, and training. They will also have access to an extensive ecosystem including VMware Cloud Service Providers (VCSPs), hyperscalers, Value-Added OEMs (VAO) partners, and VMware Technology Alliance Partners (TAP) with many opportunities to interact and network across the VMware community.

    “We are excited to offer Explore across more countries and communities while also building more engagement and choice with our flagship Las Vegas event,” said Joan Stone, vice president of corporate marketing, Broadcom. “With Explore 2025, we’re delivering more content sessions, a new pricing model and additional locations to better meet the needs of IT practitioners, innovators and leaders. The goal remains to provide our customers with insights, tools and engagement opportunities required to succeed in a continually dynamic IT environment.”

    New for 2025
    VMware Explore in Las Vegas will offer a more personalized approach to registration with new tiered pass options for attendees. Attendees will now have the option to register for a Full Event Pass, Essentials Pass or Meetings+ Pass based on their event needs.

    VMware Explore on Tour
    This year, Explore is extending across the globe to highlight the top content and insights from Explore in Las Vegas. Each event will include a curated subset of sessions and Hands-on Labs, a meetings program, and networking opportunities and will provide access to key partners, regional leaders, and experts. Select events will also include companion programs including Advisory Boards and events to support VMUG members. Explore on Tour will take place in Frankfurt, London, Mumbai, Paris, Sydney and Tokyo throughout Fall 2025. Full event dates and details will follow.

    Additional Explore on Tour details are available here: https://www.vmware.com/explore

    Register for VMware Explore 2025 in Las Vegas
    Registration for VMware Explore 2025 in Las Vegas will open on April 29. For more details on event registration and pass types, please visit: https://www.vmware.com/explore

    For questions about industry analyst and influencer registration, please contact: Heather Haley, heather.haley@broadcom.com

    Additional Resources

    About VMware Explore
    VMware Explore is the definitive cloud event for IT practitioners seeking to unravel IT complexity, stay on top of AI-driven advancements, and spur professional growth. VMware Explore 2025 will welcome a vibrant community of IT experts with the in-depth technical content they want and the Hands-on Labs and certifications they need. Attendees will see firsthand how VMware solutions simplify private cloud, so they can shift from managing their clouds to reaping the benefits of a modern, future-proof solution.

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

    Media Contact:

    Heather Haley
    Broadcom Global Communications
    heather.haley@broadcom.com
    925-856-8042

    The MIL Network –

  • MIL-OSI: CURRENC Group and ARC Group Jointly Launch $100 Million AI-Focused Infrastructure & Investment Fund

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced its plan to form an AI-focused investment fund in collaboration with ARC Group, a leading global investment bank (“CURR-ARC AI Fund 1” or the “Fund”). As the first of a series of initiatives in CURRENC’s strategic AI investment blueprint, CURR-ARC AI Fund 1 aims to raise up to $100 million and will invest in AI data center (AIDC), green energy, and computing power development, driving AI innovation and digital transformation globally.

    The Fund’s general partner is CURR-ARC GP Limited, a joint venture company owned 80% by CURRENC and 20% by ARC Group.

    The investment focus of the Fund will be as follows:
    1. Approximately 80% of the Fund will be dedicated to global investments in AI computing power and green energy infrastructure projects, including the first phase of CURRENC’s planned 500MW hyperscale AIDC in Malaysia.
    2. Approximately 20% of the Fund will target emerging enterprises in the fields of AI ecosystems, fintech, and AI-driven solutions.

    The Fund will benefit from the leadership of a seasoned team of technology and finance experts, as well as experienced asset managers and AIDC operators. Together, they will execute the Fund’s investment strategy.

    “The CURR-ARC AI Fund 1 is a transformative initiative in our strategy to create a robust, sustainable ecosystem that spans AIDCs, green energy, fintech, and AI-driven solutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “It will allow us to support both established leaders and emerging disruptors across industries, simultaneously fueling innovation in AI and sustainable technology. We’re confident that this investment will enable us to harness AI’s full potential and propel the digital transformation globally, creating substantial value for our stakeholders and society as a whole.”

    Abraham Cinta, CEO of ARC Group, added, “We are thrilled to partner with CURRENC Group to advance our shared vision for the future of global industries. With our combined expertise in technology and finance, we are well-positioned to shape the next generation of AI innovations, green energy infrastructure, and scalable computing solutions that will drive sustainable global development.”

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

    About ARC Group
    ARC Group is a globally based investment bank and management consultancy firm, specializing in bridging Asia and the West. Our services encompass a full spectrum of financial solutions, including IPOs, M&A, financing, venture capital, and SPACs. ARC Group also includes an independent consulting division dedicated to addressing the unique challenges faced by companies operating across both Asian and Western markets. Headquartered in Hong Kong, with offices across Mainland China, the USA, Malaysia, Indonesia, Vietnam, India, Sweden, and the UAE, we are well-positioned to provide cross-border financial and advisory services.

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

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

    The MIL Network –

  • MIL-OSI: Preferred Bank Announces Approval to Continue Share Repurchase Plan

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $84.3 million of its common stock during 2023 and 2024, however regulatory approval expired in January of 2025. As a state, non-member Bank that issues its common stock at the bank level (no holding company), Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. The shareholder and regulatory approvals to repurchase the remaining $65.7 million of common stock will expire in May of 2025.

    During this repurchase program, the Bank has repurchased 1.3 million shares at an average price of $63.94 per share. Stock repurchases under this Plan will be made in the open market.

    About Preferred Bank

    Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through twelve full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)). The Bank also operates a branch in Flushing, New York and in the Houston suburb of Sugar Land, Texas as well as a Loan Production Office in Sunnyvale, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.

    AT THE COMPANY:   
    Edward J. Czajka               
    Executive Vice President 
    Chief Financial Officer     
    (213) 891-1188

    AT FINANCIAL PROFILES:        
    Jeffrey Haas
    General Information
    (310) 622-8240
    PFBC@finprofiles.com

    The MIL Network –

  • MIL-OSI: Helport AI Expands AI Solutions for the Insurance Industry with Enhanced Insurance Edition

    Source: GlobeNewswire (MIL-OSI)

    Collaboration with Five Insurance Agencies to Pilot Upgraded AI-Powered Software

    SINGAPORE and SAN DIEGO, March 18, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, announced today the official launch of the latest upgraded version of Helport AI Insurance Edition, an AI-powered solution designed specifically for the insurance sector.

    Helport AI has been serving insurance providers for years, offering AI-driven tools designed to optimize customer interactions, streamline claims processes, and enhance policy management. Building on this experience, the enhanced Insurance Edition software introduces new capabilities tailored for broader adoption across the U.S. market.

    As a key milestone for the Company, Helport AI has secured partnerships with five independently owned U.S. insurance agencies, all operating under a nationally recognized, top ten-ranked insurance franchise, to pilot the solution. The AI-powered platform is designed to improve policy recommendations, enhance operational efficiency, and provide real-time compliance monitoring—ultimately aiming to transform how insurance agencies interact with customers.

    Advancing AI Adoption in the Insurance Industry

    The insurance sector presents unique challenges, due to its complex regulatory requirements, broad product offerings, and reliance on expertise-driven decision-making. Traditional training models often lead to inconsistencies in service quality and extended onboarding times for new agents.

    Helport AI Insurance Edition, which initially targeted home and auto insurance sales, seeks to address these challenges by offering a series of capabilities that include:

    • AI-driven expertise: Industry-trained AI assists with policy analysis, risk assessment, claims consultation, and compliance interpretation, providing agents a tool to operate with expert-level knowledge.
    • Smart marketing and personalized recommendations: AI-powered analytics enhances customer profiling and product recommendations, helping improve conversion rates while adapting to client needs.
    • Real-time compliance and risk management: The platform assists with regulatory compliance by offering full-process oversight, which is expected to reduce human errors and strengthen trust between insurers and clients.
    • Data-driven business optimization: AI continuously analyzes customer conversations, feedback, and market trends, offering actionable insights to improve operational efficiency.

    Building on Our Track Record in Insurance AI

    With deployments across both Asian and U.S. insurance markets, Helport AI continues to expand AI adoption in the financial services sector. The upgraded Insurance Edition represents a significant leap forward, as agencies increasingly turn to AI to improve efficiency, enhance customer experiences, and streamline compliance processes.

    “The insurance industry has long relied on experience-based decision-making, but AI is now reshaping the landscape,” said Guanghai Li, CEO of Helport AI. “With our enhanced Helport AI Insurance Edition, we aim to equip insurance professionals with AI-powered expertise that improves service quality, drives sales, and simplifies compliance. With the launch of the new Insurance Edition, we hope to bring a new wave of AI-driven transformation.”

    Expanding AI Across Industries

    Beyond insurance, Helport AI has deployed industry-specific AI solutions across Business Process Outsourcing (“BPO”) call centers, consumer financing and debt collection, mortgage lending, and government services. With a foundation in sector-specific AI models, the Company is actively exploring future applications in healthcare, human resources and recruitment, and real estate.

    AI-Powered Transformation for the Insurance Industry

    The launch of the enhanced Helport AI Insurance Edition is anticipated to further strengthen Helport AI’s position in AI innovation within the insurance sector. By leveraging its AI technologies, the Company expects to continue to reshape how insurers operate, helping them make data-driven decisions, automate complex processes, and elevate customer interactions.

    About Helport AI

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, but not limited to, Helport AI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on Helport AI’s current expectations and projections about future events that Helport AI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these identifying words. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and Helport AI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    Helport AI Investor Relations:
    Website: https://ir.helport.ai/
    Email: ir@helport.ai

    External Investor Relations Contact:
    Chris Tyson 
    Executive Vice President
    MZ North America
    Direct: 949-491-8235
    HPAI@mzgroup.us
    www.mzgroup.us

    The MIL Network –

  • MIL-OSI: Primech AI Launches Hytron Lite Smart Cleaning Robot — Optimized for Narrow Spaces and Speed

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the launch of its latest innovation, the Hytron Lite autonomous bathroom cleaning robot. This compact version of the successful Hytron robot is specifically engineered for smaller spaces while maintaining the advanced technological capabilities of its predecessor.

    The new Hytron Lite, featuring the powerful NVIDIA Jetson Orin Nano Super System-on-Module (SoM), represents a significant advancement in Primech AI’s mission to revolutionize the cleaning industry. At 30% smaller than the original Hytron, this compact model is specifically designed to address the unique challenges of urban environments where space is at a premium.

    [Images: Two Hytron robots featuring white and red design elements positioned side by side, showcasing the size difference between the original Hytron and the new Hytron Lite model. Both robots display articulated cleaning arms covered in white protective material.]

    “In developing the Hytron Lite, we drew inspiration from successful compact versions of popular technology products, similar to how Apple approached the iPhone SE,” said Charles Ng, Chief Operating Officer of Primech AI. “Our goal was to bring the same powerful cleaning capabilities to smaller spaces without compromising performance or technological sophistication.”

    The Hytron Lite leverages the same cutting-edge NVIDIA technology suite as its larger counterpart. At its core, the robot is powered by the NVIDIA Jetson Orin Nano Super, delivering enhanced AI processing and efficiency for optimal performance. This is complemented by the CUDA parallel computing platform, which easily handles complex computational tasks, while the CuDNN deep learning neural network library enables sophisticated decision-making capabilities. The system’s performance is further optimized through TensorRT for neural network deployment, with the NVIDIA Driver ensuring seamless integration across all components.

    Despite its reduced size, the Hytron Lite retains all the advanced features that made its predecessor successful. The robot employs sophisticated smart navigation and environmental sensing systems, operating with remarkable energy efficiency while enabling comprehensive remote monitoring capabilities. Its innovative design incorporates contact-based and contactless cleaning technology and enhanced 3D space cleaning capabilities, ensuring thorough sanitization of all surfaces. The addition of an interactive display interface provides intuitive user engagement and real-time status updates.

    The compact design of the Hytron Lite makes it an ideal solution for a wide range of urban environments. The robot excels in small public restrooms within shopping malls and easily navigates narrow bathroom facilities in office buildings. Its versatility extends to compact washrooms in hotels and restaurants, while its efficient operation proves particularly valuable in space-constrained transportation hubs. The adaptable design also makes it well-suited for educational institutions with varied facility sizes, ensuring effective cleaning solutions across different spatial configurations.

    “The introduction of the Hytron Lite demonstrates our commitment to innovation and adaptability in the cleaning industry,” added Mr. Ng. “By maintaining the same powerful NVIDIA technology in a more compact form factor, we’re ensuring that even the smallest facilities can benefit from our autonomous cleaning solutions.”

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

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

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

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

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

    The MIL Network –

  • MIL-OSI United Kingdom: Derby Market Hall unveils first wave of traders, setting stage for grand reopening

    Source: City of Derby

    Derby City Council is excited to announce the first lineup of traders set to move into the revitalised Derby Market Hall, marking another milestone in the transformation of the historic Grade II-listed building. 

    Following a £35.1m restoration, the Market Hall will reopen its doors to the public on Saturday 24 May, marking a new era for Derby’s independent shopping, dining, and entertainment scene. 

    A curated mix of traditional and contemporary traders will be in place when the Market Hall reopens its doors, creating a vibrant hub in the heart of the city and blending the Market Hall’s rich history with a modern experience. 

    A legacy continues:

    • Amongst the first confirmed traders is one that has traded throughout the refurbishment works – Bailey’s Fishmongers. Derby’s last remaining fishmonger has been a trader in the Market Hall for 65 years and will continue to operate in their current location in the lock-up yard area. As a family-run business with over 100 years of experience, Bailey’s Fishmongers was originally founded by Stuart Bailey’s father, with Stuart working in the trade for more than 64 years. Fresh fish and seafood products will be on offer for customers and businesses alike.

    A world of local and international flavours:

    • Bringing a taste of Italy to Derby Market Hall, Caffé Prosecco is set to offer an elegant and modern take on Italian hospitality. Born out of a collection of award-winning bars, including venues that have claimed the Derby Food & Drink Award three years in a row, Caffé Prosecco is renowned for its service and premium selection of drinks. Offering a wide range of Proseccos and fine wines, the independent café promises a refined yet relaxed experience where customers can enjoy freshly brewed coffee, freshly baked croissants, indulgent cakes, and a selection of Pinchos and Cicchettis (traditionally enjoyed in Spanish and Italian bars). Gluten-free and alcohol-free options will also be available. 
    • Locally sourced produce will be at the heart of the revitalised Market Hall, with Derbyshire’s Own, run by Derby Uncovered CIC, set to champion the best of Derby and Derbyshire’s history and heritage. With a sole mission to provide residents and visitors with a wide and varied selection of groceries sourced exclusively from suppliers in Derby and Derbyshire, Derbyshire’s Own will support the local economy whilst promoting sustainability. Customers will also enjoy a wide range of locally produced food and drink.
    • Bold international flavours will be offered by Colombo Street, a multi-award-winning street food vendor offering visitors an authentic taste of Sri Lankan cuisine. Holding prestigious awards such as Sri Lankan Restaurant of the Year at the Nation’s Curry Awards 2024, the National Asian Food Awards 2023, and more, they are set to offer their signature Kottu dishes alongside a selection of flavourful Sri Lankan specialities.
    • Nico’s Gelato & Coffee is set to bring a taste of Italy to Derby. The Derby-based business will offer artisan gelato, hot drinks, and Italian pastries to residents and visitors. The business was founded by Nico, who began making gelato after moving from Italy to Derby, inspired by his memories of Italian summers. After over a decade of creating the perfect gelato recipes, Nico now sells gelato across the city. 

    Sustainably fashion forward:

    • With over 10 years of experience, vintage fashion trader Mardy Ducks will offer a selection of handpicked, on-trend, and affordable vintage clothing, including brands such as Carhartt, Ralph Lauren, Patagonia, and The North Face. At the heart of the brand’s mission is to extend the life cycle of clothing, reduce waste, and promote sustainability.
    • Also joining the fashion offer will be The Oddities Store (TOS), an award-winning luxury fashion brand. TOS specialise in made-to-order collections and deconstructed fashion pieces, transforming second-hand luxury materials into one-of-a-kind designs. As a Black-owned business, TOS uses its Afrocentric influences to blend timeless elegance with contemporary design, carefully handcrafting each individual garment. 

    Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said:

    I am incredibly excited to announce the first traders who will be moving into Derby Market Hall when it reopens its doors on Saturday 24 May. From international street food to sustainable fashion, the new –and old- traders each have something truly special to offer to every resident and visitor.

    I am particularly excited to welcome the public into the revitalised Market Hall at a time when we are entering a new era for Derby’s independent shopping, dining, and entertainment scene. I am certain that the carefully curated set of traders will be met with much anticipation and will be a massive success for the Market Hall’s incredible offer.

    Located at the heart of the city centre, linking Derbion and St Peter’s Quarter with the Cathedral Quarter and Becketwell, the redeveloped Market Hall will play a key role in widening the diversity of the city centre and is expected to generate £3.64m for the local economy every year. 

    More traders are set to be announced in the coming weeks.

    Follow Derby Market Hall on Facebook and Instagram, or visit the website, to find out more. 

    MIL OSI United Kingdom –

  • MIL-OSI: RTI at Aerospace TechWeek 2025: Advancing Next-Generation Aviation and Defense Technology

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, will exhibit at Aerospace TechWeek 2025, held April 2-3 in Munich, Germany. At booth #K24, RTI will showcase Connext®, the proven software framework that powers secure, high-performance data exchange across avionics systems, unmanned platforms, and multi-domain defense networks. Schedule a meeting with the RTI team here.

    As military aircraft and defense platforms advance, seamless connectivity, interoperability, and mission-critical reliability are more essential than ever. Designed with open architecture principles, Connext supports FACE™, MOSA, SOSA, and Multi-Domain Operations (MDO) requirements—enabling real-time situational awareness, AI-driven decision-making, and scalable connectivity for airborne operations.

    In addition to the booth, RTI experts will present at the following speaking sessions:

    Session 1:

    • Panel Discussion: “Advancing Military Air Traffic Management through Enhanced Connectivity” with EUROCAE
    • When: 11:55 AM, April 2 | Connectivity Track
    • Speaker: Thijs Brouwer, Senior Field Application Engineer, RTI

    Session 2:

    • Presentation: Real-Time Mission Systems and Advanced Communications in Avionics
    • When: 2:00 PM, April 2 | Avionics Track
    • Speaker: Andre Odermatt, Principal Application Engineer, A&D, RTI

    Event Details
    What: RTI at Aerospace TechWeek Europe 2025, Booth #K24
    When: April 2-3, 2025
    Where: MOC – Event Center Messe München, Munich, Germany

    About RTI

    Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.

    With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 300 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 500 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.

    RTI runs a smarter world.

    RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.

    Download a free trial of the latest, fully-functional Connext software today: www.rti.com/downloads

    The MIL Network –

  • MIL-OSI: Diamond Equity Research Releases Update Note on uCloudlink Group Inc. (NASDAQ: UCL)

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 18, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has released update note on uCloudlink Group Inc. (NASDAQ: UCL). The update note includes information on uCloudlink Group Inc.’s financial results, management commentary, recent developments, outlook, risks, and our revised valuation estimates.

    The update note is available below.

    uCloudlink Group Update Note March 2025

     

    Highlights from the note include:

    •UCL Announced Fourth Quarter and Fiscal Year 2024 Financial Results – uCloudlink reported total revenues of $26.0 million, up 19.5% year over year, compared to our estimate of $25.3 million. The increase was primarily due to a 60.9% YoY increase in product sales from an expanded product offering driven by the surging demand for the company’s data-related products. Overall gross margin was 43.0%, compared to 52.0% in Q4 2023. Total operating expenses grew from $12.1 million to $14.1 million, of which S&M expenses increased by 52.6% over the year as the company increased its investment in promotion and brand building in the B2C arena to gain exposure for its newly launched products. UCL’s net loss for Q4 2024 was $1.5 million, or $0.04 per basic and diluted ADS, compared to a net loss of $1.8 million, or $0.05 per basic and diluted ADS a year ago. For the fiscal year 2024, UCL continued its growth momentum with total revenues reaching $91.6 million, up 7.1% from $85.6 million in 2023, thanks to increased product sales as the company diversified its product offerings to meet market demand. Overall gross margin for 2024 was 48.4% vs. 49.0% in 2023, while total operating expenses increased from $37.9 million to $42.0 million, leading to a net income of $4.6 million, or $0.12 per basic and diluted ADS. UCL’s top-line growth was in line with our expectations. We see the company has the potential to continue this momentum by further diversifying its revenue streams through an expanded product range, while the increased investment in sales and marketing targets improved visibility and market share.

    •PetPhone, eSIM TRIO, and Further Innovations – uCloudlink showcased its latest innovations in connectivity at MWC 2025, including PetPhone, eSIM TRIO, CloudSIM Kit, and HyperConn® mobile Wi-Fi hotspot, which represent huge market opportunities. PetPhone, which is considered the world’s first pet smartphone, enables pet communication through AI-powered live calls, advanced safety through 6-tech global positioning, and tracking through AI health monitoring to achieve interaction between pets and their owners. eSIM TRIO, combining OTA SIM, eSIM, and CloudSIM provides improved connectivity with global coverage. CloudSIM Kit is a plug-and-play IoT solution delivering connectivity for IoT and smart devices. HyperConn® mobile Wi-Fi hotspot (MeowGo G50 Max), backed by HyperConn® technology, offers connectivity across broadband, Wi-Fi, 4G, 5G, and satellite networks. We view these innovations targeting large markets as potentially unlocking new revenue streams for UCL and  driving sales by expanding its user base and strengthening its market presence.

    •Valuation Update – Our valuation for UCL remains $10.00, combining discounted cash flow and comparable company analysis, which is contingent on the company maintaining its successful execution.

    About uCloudlink Group Inc.

    uCloudlink operates as an innovative mobile technology company that offers the world’s first and leading mobile data traffic sharing marketplace to users globally, with aggregated mobile data allowances from over 391 MNOs (mobile network operator) globally. Leveraging its integral cloud SIM technology, it allows users to enjoy a smooth mobile connectivity experience without limitation to one MNO. uCloudlink was incorporated in 2014 and is headquartered in Hong Kong.

    For more information, visit https://ucloudlink.gcs-web.com.

    About Diamond Equity Research

    Diamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.

    For more information, visit https://www.diamondequityresearch.com.

    Disclosures:

    Diamond Equity Research LLC is being compensated by uCloudlink Group Inc. for producing research materials regarding uCloudlink Group Inc. and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 03/18/25 the issuer had paid us $140,000 for our research services, consisting of $20,000 for an initiation report and $15,000 for six update notes in the first year of coverage and $35,000 in the second, third and fourth year of coverage for update notes during the term, which commenced 06/01/2021 and is renewable annually. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. The issuer has not paid us for non-research related services as of 03/18/2025. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities, including the complete loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for uCloudlink Group Inc. Please review the update report attached for the full disclosure page.

    Contact:

    Diamond Equity Research
    research@diamondequityresearch.com

    Attachment

    The MIL Network –

  • MIL-OSI: Captivision Appoints Ric Clark to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 18, 2025 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of Richard “Ric” Clark to its Board of Directors, effective immediately. Mr. Clark will serve as Chair of the Company’s Compensation Committee and also join the Nominating and Corporate Governance Committee, bringing decades of executive leadership and corporate governance expertise to the Company.

    Mr. Clark has nearly four decades of real estate, M&A and capital markets experience. He is founder of Burnside Investments, a private investment company, co-founder of WatermanClark, a real estate investment partnership, and a board member of public and private companies in industries including retail, sports and entertainment. Previously, he spent three decades at Brookfield Corp. and its predecessors, serving in various leadership roles, including Chairman and Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners and Brookfield Office Properties. Under his leadership, Brookfield’s real estate group grew its assets under management from $5 billion to more than $200 billion and expanded globally across the property spectrum.

    “We are delighted to welcome Ric to Captivision’s Board of Directors,” said Gary Garrabrant, Chairman and CEO of Captivision. “Ric brings an unparalleled experience building and leading one of the world’s largest and most respected real estate companies. His accomplishments as an entrepreneur are equally distinguished as well as his relationships with decision makers globally.”

    Mr. Clark holds a Bachelor of Science from Indiana University of Pennsylvania.

    About Captivision

    Captivision is a pioneering manufacturer of media glass, combining IT building material and architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability. Captivision is fast becoming a solution provider across the LED product spectrum.

    Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties and airports. Learn more at http://www.captivision.com/.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

    The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”

    These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

    Media Contact:
    Gateway Group
    Zach Kadletz
    +1 949-574-3860
    CAPT@gateway-grp.com

    Investor Contact:
    Gateway Group
    Ralf Esper
    +1 949-574-3860
    CAPT@gateway-grp.com

    The MIL Network –

  • MIL-OSI: SEON Accelerates Global Growth with Key Leadership Appointments 

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 18, 2025 (GLOBE NEWSWIRE) — SEON, the leader in digital fraud prevention and compliance, today announced the appointments of Troy Nyi Nyi as SVP & GM, APAC, Adrian Jenkins as Head of Sales, EMEA, and Dan Webb as VP of Global Partnerships.

    Troy brings two decades of expertise in financial services, payments and eCommerce, with a focus on data-driven fraud risk management and AML solutions. Prior to SEON, he served as Global Head of Commercial at BPC Banking Technologies, where he led its Enterprise Fraud Management product line. Previously, he led regional operations for trust & identity intelligence companies Forter and TeleSign.

    Jenkins, an expert in scaling global SaaS revenue teams, was most recently Managing Director, Fintech at Fenergo and previously served as Chief Commercial Officer at Sentinels, where he drove 244% ARR growth. He has also held leadership roles at Arkose Labs.

    A seasoned channel chief, Webb most recently served as Vice President of Global Channel Sales and Alliances at Expel, where he grew partner-sourced business from 9% to 47% of global bookings in four quarters, forming key alliances with Visa and Wiz. At Alert Logic, he pioneered ISV co-sell success with AWS, generating tens of millions in Marketplace revenue. Webb previously led EMEA strategic alliances at RSA Security, forging joint ventures, including a Fraud Prevention offering with Deloitte UK.

    “With deep regional and global experience in scaling SaaS-based fintechs, Troy, Adrian and Dan will play a critical role in accelerating our expansion across key regions and markets,” said Matt DeLauro, President, GTM, SEON. “Their expertise in fraud and AML, combined with their impressive track records of growth, will be invaluable as we strengthen our presence worldwide and help more businesses fight fraud effectively.”

    About SEON
    SEON helps top-tier risk teams detect and stop fraud. By combining real-time digital footprint analysis, device intelligence and AI-driven rules, SEON empowers over 5,000 businesses globally to prevent threats before they occur. SEON operates from Austin, London, Budapest and Singapore. Learn more at seon.io.

    Media
    Press@seon.io

    The MIL Network –

  • MIL-OSI: Motion Ventures launches largest-ever maritime tech fund at $100M to meet the industry’s new pace of adoption

    Source: GlobeNewswire (MIL-OSI)

    Singapore, March 18, 2025 (GLOBE NEWSWIRE) — Motion Ventures has unveiled its US$100 million second fund (Motion Ventures Fund II or “Fund II”) the largest maritime-focused tech fund to date. 

    “We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory. In recent years, we’ve seen digitalisation and decarbonisation shift from ideas to industry imperatives. Fund II goes beyond writing bigger checks; it’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift, ensuring that solutions can be tested, adopted, and scaled faster than ever before,” said Shaun Hon, Founder and General Partner of Motion Ventures.

    Over the next 18–24 months, Fund II aims to deploy cheques of US$250,000 to US$10,000,000 into at least 25 companies, targeting solutions that digitise and decarbonise the global maritime supply chain. 

    The Motion Ventures team, investors and advisors. 

    By design, the new fund can now back startups developing more asset-intensive hardware solutions, recognising that maritime innovation demands solutions beyond software alone—an evolution spurred by growing corporate demand for deeper, faster progress in sustainability, vessel operations, and port modernisation.

    To date, Motion Ventures has raised more than half of Fund II’s target with investments already deployed in OceanScore and Fernride. These developments cement Motion Ventures position as maritime’s most active investor, having done more than 30 investments across Fund I and Fund II, while expanding its industry consortium to 17 major maritime and supply chain stakeholders across both funds—the broadest partnership of its kind.

    Fund II builds on the proven track record of Motion Ventures’ inaugural fund. Launched in 2021, Motion Ventures Fund I has already generated two profitable exits, placing the firm in the top 10% of 2021 vintage VC funds globally. The firm’s broader deal pipeline is underscored by a rigorous investment process, which has seen them evaluate more than 8,000 startups since its inception in 2021.

    Nakul Malhotra, Vice President – Emerging Opportunities Portfolio at Wilhelmsen Group said: Being part of Motion Ventures’ journey from a concept into one of the most active maritime investors has been remarkable. We value industry collaboration and are impressed to see the dedication and focus they bring to the early-stage venture capital space for an industry that is hungry for innovative solutions with robust value propositions. With Fund II, they’re scaling that impact even further, and we’re proud to remain a cornerstone partner on this journey.”

    Albrecht Grell, Managing Director of OceanScore said: “Maritime is the backbone of commerce, but it’s time to move faster and bolder, especially when building digital solutions in the compliance space. Shaun and the Motion Ventures team get that. Having them on our cap table has fast-tracked our expansion into new markets and helped to unlock access to a strategic network within the shipping community. With their support and deep sector expertise, we’re on track to building our global leadership in maritime compliance solutions.

    ⁠Jan Holm, Advisor to Motion Ventures said: “The maritime industry is no stranger to complexity, but the challenges we face now—from lowering emissions to digitizing operations—require a new level of collaboration. By pairing ambitious founders with strategic backers, Fund II represents a crucial step forward: bringing together fresh solutions, both digital and hardware-based, and fast-tracking their path to scale. It’s a boost this industry has been waiting for.”

    This consortium-driven approach is the cornerstone of Motion Ventures’ value creation. The Motion Ventures Alliance, a network of over 80 seasoned maritime executives, provides portfolio companies with expert mentorship, enterprise access, and swift pilot opportunities.

    Looking ahead, Motion Ventures aims to be the catalyst that transforms global maritime supply chains, now backed by the largest dedicated fund in the sector’s history. The maritime digitisation market alone is projected to reach $423.4 billion by 2031, and mounting pressure from regulators and customers alike demands faster progress. Fund II will harness that momentum, uniting startups and industry leaders to deliver cleaner, more efficient operations and, ultimately, shape the future of maritime commerce.

    ENDS

    Media images can be found here. 

    About Motion Ventures 
    Motion Ventures is a venture capital fund catalysing digital and energy transitions across global supply chains. Backed by a unique network of corporate leaders, industry executives, and government partners, we empower founders to navigate complexities and achieve unparalleled success. Our collaborative approach, engaging stakeholders across and beyond the maritime sector, drives transformative changes that reshape global supply chains. For more information please visit: https://www.motion.vc/ 

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