NewzIntel.com

Category: Asia Pacific

  • MIL-OSI Africa: Egypt: African Development Bank to provide $184.1 million for Africa’s largest solar energy and battery storage project


    Download logo

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant.

    Located in Qena Governorate in southern Egypt, the project entails the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated battery energy storage system. The Egyptian Electricity Transmission Company will be the sole off-taker under a 25-year Power Purchase Agreement.

    The project’s total cost is estimated at more than $590 million. The Bank Group’s financing package includes $125.5 million of ordinary resources, as well as concessional funding from Bank Group-managed Special Funds the Sustainable Energy Fund for Africa  (SEFA) worth $20 million, and the Canada-African Development Bank Climate Fund ($18.6 million), a partnership of the Bank Group and the Government of Canada. A further $20 million will come from the Climate Investment Funds’ Clean Technology Fund, with additional financing to be mobilized from a consortium of development finance institutions.

    Under Egypt’s Nexus of Water, Food, and Energy (NWFE) platform, Obelisk has been granted a Golden License by the government, which recognizes it as a strategic initiative that will contribute to addressing Egypt’s energy constraints and advancing its energy transition.

    Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development and International Cooperation, said “the Obelisk solar project is another important milestone for Egypt under the energy pillar of the NWFE program which has since its launch in November 2022 at COP27 in Sharm El Sheikh delivered 4.2 GW of privately financed renewable energy investments, worth about $4 billion, with the support of partners such as the Africa Development Bank.  The goal of NWFE’s energy pillar is to add 10 GW of renewable energy capacity with investments of approximately $10 billion, and phase out 5 GW of fossil fuel power generation by 2030.”

    The project, expected to be fully operational by the third quarter of 2026, will generate an estimated 2,772 gigawatt-hours of clean, reliable, and affordable energy annually to the national grid. The battery energy storage system will help meet peak evening demand with renewable power while also mitigating the variability of solar power generation. The project is expected to reduce annual carbon dioxide (CO2) emissions by approximately one million tons and create about 4,000 jobs during construction and 50 permanent jobs during operation, with a special focus on women and youth employment.

    “Obelisk is another landmark development under NWFE that leverages on Egypt’s and the African Development Bank’s leadership as well as commitment to harnessing the country’s renewable energy to enhance the resilience of the country’s energy supply to meet its fast-growing energy demand sustainably,” said Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate, and Green Growth.  “This project also contributes to Egypt’s ambition of producing 42 percent of its power generation capacity from renewable energy sources by 2030 while spurring economic growth and reducing greenhouse gas emissions,”

     Ambassador of Canada to the Arab Republic of Egypt Ulric Shannon said: “Canada is proud to support solar energy development in Egypt. This initiative is a meaningful step toward enhancing energy security and stability, with direct benefits for the Egyptian people. We are pleased to collaborate with the African Development Bank and other partners in supporting Egypt’s transition to a sustainable, low-carbon economy.”

    The Obelisk Solar Project aligns with the African Development Bank’s Ten-Year Strategy, its New Deal on Energy for Africa, and its Country Strategy Paper for Egypt as well as SEFA’s strategic framework which aims to accelerate African countries energy transition by increasing the share of renewables and catalyzing commercial capital mobilization in the power sector. The project also advances Egypt’s commitment to achieve 42 percent generation capacity from renewable energy sources by 2030.

    “This project exploits the abundant renewable energy potential in Africa and demonstrates how strong partnerships and innovative solutions contribute to balancing three core objectives in the energy sector, namely energy security, affordability, and sustainable economic development,” said Wale Shonibare, Director of Energy Financial Solutions, Policy, and Regulation at the African Development Bank. “It has high potential for replicability across the continent.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Olufemi Terry
    Communication and External Relations Department
    o.terry@afdb.org

    Technical Contact:
    James Otto
    Senior Investment Officer
    Energy Financial Solution and Policy Regulations Department
    j.otto@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa –

  • MIL-OSI: Celebrate Freedom, Celebrate America! American Rebel Light Beer—Free Shipping Through June 30th to Honor the Fourth of July and America’s Birthday!

    Source: GlobeNewswire (MIL-OSI)

    • Stock up on “Rebel Light” prior to the Fourth of July—Free Shipping Ends June 30th!
    • America’s Fastest Growing Beer – American Rebel Light now shipping to more than 40 states across the U.S.A.

    Nashville, TN, June 12, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB), through its American Rebel Beverages subsidiary and America’s Patriotic Beer – American Rebel Light Beer (www.americanrebelbeer.com) proudly announces, just in time for summer celebrations, a limited-time Free Shipping offer now through June 30th. Customers can order directly from http://shop.americanrebelbeer.com/.

    Raise a Cold One to the Red, White, and Blue!

    Independence Day is just around the corner, and there’s no better way to celebrate freedom than with America’s Patriotic Beer—American Rebel Light Beer! Whether you’re grilling, launching fireworks, or simply raising a toast to liberty, make sure you’ve got American Rebel Light Beer on hand. Time to stock up on American Rebel Light Beer—a better-for-you, all-natural light lager made for freedom-loving Americans.

    “There’s no better way to celebrate America’s birthday than with a cold can of American Rebel Light Beer,” said Andy Ross, CEO of American Rebel Holdings, Inc. “This is more than just a beer—it’s a salute to our country, our Constitution, and those who protect our freedom. Raise a “Tall Boy” and toast to the red, white, and blue!”

    Order Now!

    Freedom Delivered to Your Door—Online Sales Are Soaring!

    Patriotic Americans nationwide are stocking up as online sales rapidly increase. This better-for-you, all-natural light lager represents everything we stand for—and now, it’s easier than ever to get your beer of freedom delivered straight to your doorstep!

    Limited-Time Free Shipping—Order Now Before June 30th!

    This exclusive free shipping offer is available through June 30th, making it effortless to prepare for Fourth of July celebrations. Join the movement and drink to independence—because every sip is a salute to the land of the free!

    Stock up now at shop.americanrebelbeer.com and toast to freedom this Fourth of July!

    With delivery now available to over 40 states, American Rebel Light Beer is making it easy to celebrate America anywhere this summer. With strong consumer engagement and nationwide accessibility, American Rebel Light Beer continues to build momentum. Order your American Rebel Light Beer now at shop.americanrebelbeer.com

    States we ship to:

    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    About American Rebel Light Beer

    American Rebel Light Beer is America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer.

    American Rebel Light is more than just a beer—it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer follow us on our social media platforms.

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer

    For more information, visit americanrebelbeer.com

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories.

    To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: DIMO Japan Launches To Strengthen Car Connectivity with Regional Automakers

    Source: GlobeNewswire (MIL-OSI)

    DIMO to assist automakers in accelerating connected experiences ranging from AI and diagnostics to gamification

    Japan offers one of the world’s most advanced automotive markets, producing about 10% of all vehicles, and is a critical geography for enterprise adoption of car connectivity

    NEW YORK and TOKYO, June 12, 2025 (GLOBE NEWSWIRE) — DIMO, in partnership with HAKUHODO KEY3, today announced the establishment of the joint venture DIMO Japan. The initiative aims to expedite partnerships with key automakers in the region, helping them to deliver cutting-edge connected vehicle experiences to meet consumer demands and revenue potential.

    DIMO Japan is being launched in response to a clear need to scale and improve connectivity interfacing and infrastructure for drivers, automakers, and service providers. Automakers have invested heavily in connected vehicles in recent years; however, data infrastructure stands out as one of the critical challenges facing the sector, particularly regarding how data is connected, stored, and shared. In addition, as data privacy regulation is tightening across key markets, developing such infrastructure in-house is growing increasingly unpredictable and costly.

    With DIMO’s solution, regional automakers can manage data storage, user privacy policies, consent management, and data APIs on their own infrastructure – solving key pain points around privacy concerns and high development costs. These DIMO differentiators will lower the barrier to entry for enterprises and developers seeking to deploy advanced features such as real-time diagnostics, usage-based insurance, and location-based digital experiences, which consumers are increasingly demanding to enhance their driving experience.

    Through this joint venture, DIMO is expanding its industry-leading platform to one of the world’s top automotive markets, as Japan currently produces close to 10% of all vehicles worldwide, including from top automaker Toyota. In addition, the connected and software-defined vehicles (SDV) market is projected to grow from over $200 billion in 2024 to over $1 trillion by 2030, making it imperative for Japanese automotive brands to put in place advanced connectivity infrastructure that is secure, private, and hospitable to both in-house and third-party development. DIMO Japan is committed to supporting automakers to realize the revenue potential tied to connectivity.

    DIMO Japan is led by CEO Ryo Hayashi, who began his career in the telecommunications industry and has since gained extensive experience launching new businesses across a variety of sectors, including the internet and automotive industries. He has held executive positions at both domestic and international companies, including IDOM, viagogo, and Nextag.

    “Japan remains an integral part of the global market, with key automakers, Tier 1 suppliers and mobility innovators all concentrated in the country. However, progress still needs to be made in scaling connectivity for locally-produced vehicles and offering next-generation software services to drivers of those vehicles,” remarked Mr. Hayashi. “Our immediate focus is to expand the DIMO platform and allow local companies to integrate with it, as well as lowering the infrastructure hurdles for automakers, service partners and third-party developers to build and innovate through DIMO.”

    DIMO’s expansion into the Japanese market is the next step in the company’s growth trajectory and mission to build a global platform facilitating the use of connected-car features and applications. Over 180,000 vehicles are currently connected to DIMO.

    “We hear from automakers about the demand for their data, we hear from users about their desire for new connected products and services, and we hear from enterprises about their interest in building new experiences like smart city projects, AI agents, and gamification,” said Alex Rawitz, Co-Founder of DIMO. “DIMO Japan will provide the infrastructure necessary to make these experiences possible.”

    To facilitate the establishment of DIMO Japan, the DIMO Foundation is holding a community vote on June 16th, 2025 to approve a contribution of $500,000 USDT and 4,000,000 DIMO tokens, subject to milestone-based disbursements and lockup schedules, in exchange for up to 33% equity ownership in the entity.

    To learn more about DIMO Japan, please visit: https://dimojapan.com/

    About DIMO

    DIMO is transforming vehicle ownership by putting drivers in control of their data. Its privacy-first, AI-integrated platform connects drivers, automakers, and developers to accelerate connected vehicle innovation while ensuring drivers retain full ownership of their information. Through the DIMO Mobile app, drivers gain real-time insights to improve vehicle performance, maximize savings on maintenance, and access a growing suite of marketplace applications while earning rewards in DIMO tokens. It was founded in 2021 by automotive and fintech veterans from ConsenSys, Vroom, GM, Volkswagen, Aeris, and Chainalysis. Please visit us on X and LinkedIn.

    About HAKUHODO KEY3

    HAKUHODO KEY3 is a web3 business production company founded in December 2022 by Hakuhodo Inc. and Sota Watanabe, CEO of Startale Labs Japan. With a focus on “consumer-driven thinking” and “creativity,” they aim to create world-first web3 services. By collaborating with their partner companies, they are committed to building a society where more people can seamlessly participate in the web3 ecosystem.

    Media Contacts:
    Diana Bost/Ryan Dicovitsky
    Dukas Linden Public Relations
    DIMO@DLPR.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/79a3edb2-6dd8-48cf-92d6-e88d2095b8b3

    The MIL Network –

  • MIL-Evening Report: Chris Hedges: The last days of Gaza

    Report by Dr David Robie – Café Pacific. –

    The genocide is almost complete. When it is concluded it will have exposed the moral bankruptcy of Western civilisation, writes Chris Hedges.

    ANALYSIS: By Chris Hedges

    This is the end. The final blood-soaked chapter of the genocide.

    It will be over soon. Weeks. At most.

    Two million people are camped out amongst the rubble or in the open air. Dozens are killed and wounded daily from Israeli shells, missiles, drones, bombs and bullets.

    They lack clean water, medicine and food. They have reached a point of collapse. Sick. Injured. Terrified. Humiliated. Abandoned. Destitute. Starving. Hopeless.

    In the last pages of this horror story, Israel is sadistically baiting starving Palestinians with promises of food, luring them to the narrow and congested nine-mile ribbon of land that borders Egypt. Israel and its cynically named Gaza Humanitarian Foundation (GHF), allegedly funded by Israel’s Ministry of Defense and the Mossad, is weaponising starvation.

    It is enticing Palestinians to southern Gaza the way the Nazis enticed starving Jews in the Warsaw Ghetto to board trains to the death camps. The goal is not to feed the Palestinians. No one seriously argues there is enough food or aid hubs. The goal is to cram Palestinians into heavily guarded compounds and deport them.

    What comes next? I long ago stopped trying to predict the future. Fate has a way of surprising us. But there will be a final humanitarian explosion in Gaza’s human slaughterhouse. We see it with the surging crowds of Palestinians fighting to get a food parcel, which has resulted in Israeli and US private contractors shooting dead at least 130 and wounding over seven hundred others in the first eight days of aid distribution.

    We see it with Benjamin Netanyahu’s arming ISIS-linked gangs in Gaza that loot food supplies. Israel, which has eliminated hundreds of employees with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), doctors, journalists, civil servants and police in targeted assassinations, has orchestrated the implosion of civil society.

    I suspect Israel will facilitate a breach in the fence along the Egyptian border. Desperate Palestinians will stampede into the Egyptian Sinai. Maybe it will end some other way. But it will end soon. There is not much more Palestinians can take.

    We — full participants in this genocide — will have achieved our demented goal of emptying Gaza and expanding Greater Israel. We will bring down the curtain on the live-streamed genocide. We will have mocked the ubiquitous university programmes of Holocaust studies, designed, it turns out, not to equip us to end genocides, but deify Israel as an eternal victim licensed to carry out mass slaughter.

    The mantra of never again is a joke. The understanding that when we have the capacity to halt genocide and we do not, we are culpable, does not apply to us. Genocide is public policy. Endorsed and sustained by our two ruling parties.

    There is nothing left to say. Maybe that is the point. To render us speechless. Who does not feel paralyzed? And maybe, that too, is the point. To paralyse us. Who is not traumatised? And maybe that too was planned. Nothing we do, it seems, can halt the killing. We feel defenceless. We feel helpless. Genocide as spectacle.

    I have stopped looking at the images. The rows of little shrouded bodies. The decapitated men and women. Families burned alive in their tents. The children who have lost limbs or are paralyzed. The chalky death masks of those pulled from under the rubble. The wails of grief. The emaciated faces. I can’t.

    This genocide will haunt us. It will echo down history with the force of a tsunami. It will divide us forever. There is no going back.

    Palestinians under the rubble in 2023 after Israeli airstrike of homes in the Gaza Strip. Image: Ashraf Amra /United Nations Relief and Works Agency for Palestine Refugees in the Near East/ Wikimedia Commons /CC BY-SA 4.0

    And how will we remember? By not remembering.

    Once it is over, all those who supported it, all those who ignored it, all those who did nothing, will rewrite history, including their personal history. It was hard to find anyone who admitted to being a Nazi in post-war Germany, or a member of the Klu Klux Klan once segregation in the southern United States ended.

    A nation of innocents. Victims even. It will be the same. We like to think we would have saved Anne Frank. The truth is different. The truth is, crippled by fear, nearly all of us will only save ourselves, even at the expense of others. But that is a truth that is hard to face. That is the real lesson of the Holocaust. Better it be erased.

    In his book One Day, Everyone Will Have Always Been Against This, Omar El Akkad writes:

    “Should a drone vaporize some nameless soul on the other side of the planet, who among us wants to make a fuss? What if it turns out they were a terrorist?

    “What if the default accusation proves true, and we by implication be labeled terrorist sympathisers, ostracised, yelled at? It is generally the case that people are most zealously motivated by the worst plausible thing that could happen to them.

    “For some, the worst plausible thing might be the ending of their bloodline in a missile strike. Their entire lives turned to rubble and all of it preemptively justified in the name of fighting terrorists who are terrorists by default on account of having been killed. For others, the worst plausible thing is being yelled at.”

    You can see my interview with El Akkad here.

    You cannot decimate a people, carry out saturation bombing over 20 months to obliterate their homes, villages and cities, massacre tens of thousands of innocent people, set up a siege to ensure mass starvation, drive them from land where they have lived for centuries and not expect blowback.

    The genocide will end. The response to the reign of state terror will begin. If you think it won’t you know nothing about human nature or history. The killing of two Israeli diplomats in Washington and the attack against supporters of Israel at a protest in Boulder, Colorado, are only the start.

    Chaim Engel, who took part in the uprising at the Nazis’ Sobibor death camp in Poland, described how, armed with a knife, he attacked a guard in the camp.

    “It’s not a decision,” Engel explained years later. “You just react, instinctively you react to that, and I figured, ‘Let us to do, and go and do it.’ And I went.

    “I went with the man in the office and we killed this German. With every jab, I said, ‘That is for my father, for my mother, for all these people, all the Jews you killed.’”

    The Sobibor extermination camp gate in the spring of 1943. The pine branches, braided into the fence to make it difficult to see in from the outside. Image: Wikimedia Commons, Public Domain

    Does anyone expect Palestinians to act differently? How are they to react when Europe and the United States, who hold themselves up as the vanguards of civilisation, backed a genocide that butchered their parents, their children, their communities, occupied their land and blasted their cities and homes into rubble? How can they not hate those who did this to them?

    What message has this genocide imparted not only to Palestinians, but to all in the Global South?

    It is unequivocal. You do not matter. Humanitarian law does not apply to you. We do not care about your suffering, the murder of your children. You are vermin. You are worthless. You deserve to be killed, starved and dispossessed. You should be erased from the face of the earth.

    “To preserve the values of the civilised world, it is necessary to set fire to a library,” El Akkad writes:

    “To blow up a mosque. To incinerate olive trees. To dress up in the lingerie of women who fled and then take pictures.

    “To level universities. To loot jewelry, art, food. Banks. To arrest children for picking vegetables. To shoot children for throwing stones.

    “To parade the captured in their underwear. To break a man’s teeth and shove a toilet brush in his mouth. To let combat dogs loose on a man with Down syndrome and then leave him to die.
    “Otherwise, the uncivilised world might win.”

    There are people I have known for years who I will never speak to again. They know what is happening. Who does not know? They will not risk alienating their colleagues, being smeared as an antisemite, jeopardising their status, being reprimanded or losing their jobs.

    They do not risk death, the way Palestinians do. They risk tarnishing the pathetic monuments of status and wealth they spent their lives constructing. Idols.

    They bow down before these idols. They worship these idols. They are enslaved by them.

    At the feet of these idols lie tens of thousands of murdered Palestinians.

    Chris Hedges is a Pulitzer Prize–winning journalist who was a foreign correspondent for 15 years for The New York Times, where he served as the Middle East bureau chief and Balkan bureau chief for the paper. He previously worked overseas for The Dallas Morning News, The Christian Science Monitor and NPR.  He is the host of show The Chris Hedges Report. This article was first published in Scheerpost.

    This article was first published on Café Pacific.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Analysis: Video games teach students in this class how religion works in the modern world

    Source: The Conversation – USA – By Michael Naparstek, Associate Teaching Professor Religious Studies, University of Tennessee

    A man plays the Chinese action role-playing game ‘Black Myth: Wukong’ during its launch day in Hangzhou, in eastern China’s Zhejiang province, on Aug. 20, 2024. STR/AFP via Getty Images

    Uncommon Courses is an occasional series from The Conversation U.S. highlighting unconventional approaches to teaching.

    Title of the course

    Religion and Gameworlds

    What prompted the idea for the course?

    Most of my research is in Chinese religions, and I find it fascinating that popular video games – like many popular films before them – draw from the mythologies, cosmologies, unseen powers and heroic narratives found across the world’s religious traditions.

    Recent examples such as “Black Myth: Wukong” and “Raji: an Ancient Epic” draw explicitly from mythologies and religious narratives of China and India, respectively, putting the player in direct contest against pantheons of gods. Meanwhile, games such as “Sid Meier’s CIV VI,” where players develop an historical civilization from the Stone Age to Space Age in a quest for global domination, explicitly utilize religion as ways to develop and conquer the world.

    At the same time, the interactive experience of a video game makes it an especially interesting place to study religion. When your character uses magic, interacts with powerful deities, or even achieves godlike status themselves, the player also shares such experiences on some level as well. Sometimes, viewers’ experiences blur the lines between “real life” and on-screen.

    Some churches have even used the game “Second Life” to offer worshippers the option of getting baptized using their digital avatar in the game. This kind of practice raises poignant questions about how we understand religion in our modern world.

    A still from the ‘Second Life’ game.
    Strawberry/Flickr, CC BY-NC-SA

    What does the course explore?

    What makes this course different from many others that utilize video games is that the student experience of playing the games influences how we frame our investigation of religion. Students wrestle with questions about how religion helps build the worlds they are experiencing.

    We meet in the game lab as a class once a week to observe and analyze each other’s experiences playing different kinds of games.

    We start the week with relevant theoretical and historical framing in the traditional classroom. For example, in our investigation of “Black Myth: Wukong,” a game inspired by the 16th-century novel “Journey to the West,” students first read selections from the work as they learn about its protagonist, the trickster monkey god Sun Wukong.

    In the novel, Wukong picks fights with all the gods in an attempt to overthrow the cosmic order, only to eventually be violently put in his place by the highest gods of the Chinese pantheon. Our class discussions thus serve as a general introduction to Chinese religions, while we also get to discuss the theoretical basis for culturally defined ideas such as what makes a hero.

    Playing as a descendant of Sun Wukong, students explore enchanted landscapes, interact with local spirits and engage in magical combat against the very gods that we learned about in class.

    Each week, students note their observations, carefully detailing their experience playing the game, as well as the experience of watching others do the same. Students are also asked to analyze the ways in which religious themes, narratives and practices played a role in the game world they experienced.

    We conclude the class with weekly reflections on the overall experience.

    What will the course prepare students to do?

    In 2024, the video game industry boasted over US$184 billion generated in market value. The global reach of games allows new audiences to experience and learn about religious narratives and practices in new ways.

    Popular media has long been a powerful mode of cultural exchange. Video games are just a recent example, but the scale to which gamers around the world connect with each other through playing demands more attention.

    The wild popularity following the 2024 release of the game “Black Myth: Wukong,” the first premier produced game out of China for an international audience, suggests that this kind of experience is truly a global phenomenon that will only continue to grow. It only makes sense that video games can serve as powerful pedagogical tools as well.

    The goal of the course is to prepare students to better understand the broader contexts in which their shared experience of enjoying video games derives. Learning about the role of religion in shaping that experience allows students to better understand how religion shapes our modern world.

    Michael Naparstek 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. Video games teach students in this class how religion works in the modern world – https://theconversation.com/video-games-teach-students-in-this-class-how-religion-works-in-the-modern-world-257511

    MIL OSI Analysis –

  • MIL-OSI China: Air India plane with 242 people onboard crashes near airport in India’s Gujarat

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

    People look at the debris of an Air India plane crashed in Ahmedabad of India’s Gujarat state, June 12, 2025. [Photo/Xinhua]

    An Air India flight to London with 242 people on board, including two pilots and 10 cabin crew members, crashed Thursday shortly after takeoff from an airport in the western Indian state of Gujarat, officials said.

    The flight took off from the Sardar Vallabhbhai Patel International Airport in Ahmedabad, about 17 km south of Gandhinagar, the capital city of Gujarat.

    According to Air India, the Boeing 787-8 aircraft departed from Ahmedabad at 13:38 local time and was carrying 242 passengers and crew members.

    “Of these, 169 are Indian nationals, 53 are British nationals, one Canadian national and seven Portuguese nationals,” the airline said.

    Air India has expressed condolences to the families of all those affected by this devastating event.

    “With profound sorrow, I confirm that Air India Flight 171 operating Ahmedabad-London Gatwick was involved in a tragic accident today. Our thoughts and deepest condolences are with the families and loved ones of all those affected by this devastating event,” N Chandrasekaran, chairman of Air India, said in a statement.

    Chandrasekaran said further updates will be shared as they receive more verified information.

    People and rescuers are seen at a site of a plane crash in Ahmedabad of India’s Gujarat state, June 12, 2025. [Photo/Xinhua]

    “An emergency center has been activated and support teams have been set up for families seeking information,” he further said.

    Local media reports said the plane had reached approximately 825 feet when it suddenly descended. Police said the plane crashed on the building of a doctors’ hostel.

    There were no reports of any survivors currently, and officials, so far, have not issued any statement on the number of casualties or injured in the crash.

    “As per preliminary information, a London-bound Air India flight has crashed at the doctors’ hostel. Within 2-3 minutes, police and other agencies reached the spot. Almost 70-80 percent of the area has been cleared. All agencies are working here,” a police official told media.

    Reports said the passenger aircraft went down in the Meghani area of the city.

    According to officials, immediately after the crash, authorities rushed over two dozen ambulances to the spot to carry out rescue work.

    Video footage from the site aired on television news channels shows thick columns of smoke rising from the ground.

    Police have diverted traffic from the area, and a green corridor has also been established to ferry the injured quickly to the hospital.

    MIL OSI China News –

  • MIL-OSI: Sagtec Projects 92% Revenue Growth for FY2025

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, June 12, 2025 (GLOBE NEWSWIRE) — Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a next-generation provider of customizable AI, robotics, and automation platforms, today issued financial guidance for the fiscal year ending December 31, 2025. The Company is forecasting FY2025 revenue of approximately US$22.3 million, a 92% year-over-year increase compared to US$11.6 million in FY2024.

    This sharp growth trajectory is being driven by robust commercial adoption of Sagtec’s proprietary AI-powered Robotics-as-a-Service (RaaS) and software platforms, which are being deployed across multiple high-growth sectors, including hospitality, logistics, and smart retail. Expansion into underserved markets in Southeast Asia and the Gulf region is also contributing significantly to the Company’s pipeline.

    FY2025 Financial Highlights & Strategic Growth Catalysts

         
      FY2024 Results   FY2025 Financial Guidance   Change  
      USD   USD   %  
    Revenue 11,631,930     22,333,305     92 %
    Cost of Service (8,912,274 )   (17,468,057 )   96 %
    Gross Profit 2,719,656     4,865,248     79 %
    Operating Expenses (655,713 )   (1,219,626 )   86 %
    EBIDTA 2,340,791     3,932,528     68 %
    Net Profit 1,602,879     2,564,606     60 %

    Key Investor Highlights:

    • Rapid deployment of AI robotics across Malaysia, Indonesia, Hong Kong, and the UAE
    • Recurring revenue growth via SaaS + RaaS subscription models
    • Expansion of proprietary platform stack into logistics automation and smart retail
    • Strategic investment in AI intellectual property, software licensing, and backend infrastructure
    • Increasing operating leverage through modular platform standardization

    Platform Momentum and Sectoral Expansion

    Sagtec’s AI-powered service robotics platform, launched in Q2 2025, is already being adopted by leading hospitality and F&B groups. The platform combines hardware leasing, computer vision, and predictive analytics into a modular, revenue-generating stack. Management expects a strong acceleration in annual recurring revenue (ARR) through high-margin upselling of AI features, smart workflow automation, and cross-sector integrations.

    “This forecast reflects our conviction in Sagtec’s platform scalability, market readiness, and execution discipline. We are building a high-margin, high-velocity business model with AI at its core,” said Kevin Ng, Chairman, Executive Director, and CEO of Sagtec. “With a growing client base, expanding IP, and intensifying regional demand, 2025 is shaping up to be an inflection point for Sagtec’s long-term value creation.”

    Strategic Focus: Emerging Markets and Smart Automation

    Sagtec is strategically targeting digitally underserved economies in Southeast Asia and the Middle East, where rising labor costs and digital transformation tailwinds create an urgent demand for automation. In tandem, the Company is doubling down on platform R&D to extend its AI applications from hospitality to logistics, retail operations, and smart city automation.

    To support scalable growth, Sagtec is actively investing in:

    • Core AI algorithm optimization
    • Hardware-agnostic automation interfaces
    • Seamless RaaS and SaaS monetization across verticals
    • Regional support infrastructure and partner enablement programs

    Upcoming Earnings Call

    Sagtec will announce its first half 2025 financial results and host earnings call in July 2025, providing investors with further visibility into:

    • Revenue composition and ARR momentum
    • Client acquisition and market entry performance
    • Operational and margin expansion initiatives

    About Sagtec Global Limited

    Sagtec Global Limited (NASDAQ: SAGT) is a leading provider of customizable AI and automation platforms. Focused initially on the F&B sector, the Company now serves cross-sector industries with its proprietary Robotics-as-a-Service (RaaS) and AI software stack. Sagtec also operates a nationwide network of mobile charging stations through its subsidiary, CL Technology (International) Sdn Bhd.

    For more information on the Company, please log on to https://www.sagtec-global.com/.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of applicable U.S. securities laws. These statements are not historical facts, but rather are based on the current expectations, assumptions, and projections of Sagtec Global Limited (the “Company”) regarding future events. Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “expects,” “intends,” “plans,” “projects,” “seeks,” “may,” “will,” “should,” “could,” “estimates,” “potential,” or similar expressions, including the negative thereof.

    These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the Company’s ability to expand its regional presence, scale its Robotics-as-a-Service (RaaS) and Software-as-a-Service (SaaS) offerings, strengthen its AI software and automation infrastructure platforms, and commercialize its AI-powered service robotics; as well as broader risks relating to macroeconomic conditions, geopolitical developments, global health crises, competitive dynamics, and evolving data privacy and cybersecurity regulations.

    The Company disclaims any obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise, except as required under applicable law. Investors are cautioned not to place undue reliance on any such forward-looking statements.

    Further information on these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission.

    Contact Information:

    Sagtec Global Limited Contact:
    Ng Chen Lok
    Chairman, Executive Director & Chief Executive Officer
    Phone: +6011-6217 3661
    Email: info@sagtec-global.com

    The MIL Network –

  • MIL-OSI Russia: China Delivers First CKD6H Series Diesel-Electric Locomotives to Kazakhstan

    Translation. Region: Russian Federal

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

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

    BEIJING, June 12 (Xinhua) — China has delivered the first CKD6H series diesel-electric locomotives to a Kazakh customer, the Sichuanjingji ribao (Sichuan Economy Daily) newspaper reported.

    The ceremony of handing over the diesel locomotives with a hybrid power plant took place on Wednesday at the Almaty station with the participation of representatives of the Kazakhstan Temir Zholy company and the Ziyang Carriage Building Company, which is their manufacturer.

    The CKD6H series locomotives are designed for 1520 mm track gauge, which can meet the demand in Kazakhstan, Russia and other neighboring countries.

    The CKD6H locomotives are adapted to the harsh climate of Central Asia. They are equipped with a hybrid power plant and an intelligent energy management system. In particular, the locomotive’s diesel engine complies with the EU Stage IIIA emission standard.

    Compared to traditional diesel locomotives, the new locomotive reduces carbon dioxide emissions by 240 tons per year. As stated by Kazakhstan Temir Zholy, the commissioning of the CKD6H series locomotives marks a step towards a “green” future for rail transport in the country.

    To date, Ziyang Carriage Building Company, which is based in Ziyang City, Sichuan Province /Southwest China/ and is part of China Locomotive Corporation /CRRC/, has delivered a total of more than 200 locomotives to Kazakhstan. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Gatwick Airport confirms plane that crashed in India was heading to London

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    LONDON, June 12 (Xinhua) — London’s Gatwick Airport has confirmed that flight AI171, which crashed while taking off from Ahmedabad, India on Thursday, was scheduled to land at Gatwick at 18:25 local time.

    “Additional information will be released later,” the airport said on social media X.

    An Air India plane with more than 200 people on board crashed on Thursday shortly after takeoff from Ahmedabad airport in the western Indian state of Gujarat, local media reported.

    The plane was heading to Britain. Indian TV footage showed thick black smoke rising near the airport. –0–

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Embedding academic support improves learner outcomes

    Source: Tertiary Education Commission

    Last updated 10 June 2025
    Last updated 10 June 2025

    Print

    Share

    Auckland University of Technology’s (AUT’s) Te Mātāpuna Library & Learning Services share their approach to embedding academic support services that enable better outcomes for learners.
    Auckland University of Technology’s (AUT’s) Te Mātāpuna Library & Learning Services share their approach to embedding academic support services that enable better outcomes for learners.

    Te Mātāpuna Library & Learning Services are getting their library workshops and resources in front of thousands of AUT students, which is making a positive impact on learner success.  
    Kate Absolum, Senior Manager Learning and Academic Engagement at Auckland University of Technology’s Te Mātāpuna Library & Learning Services, covers three key initiatives in this Learner Success Community of Practice lightning session.  
    First, Kate shares how AUT’s library services have embedded learning support into academic courses and how this has helped enable better learner outcomes. She then covers the asynchronous learning materials available through their library, and how they support students to use generative AI ethically and productively.  
    Kate has over 20 years of experience teaching, writing and designing learning materials across diverse educational settings in New Zealand, Australia, South Korea and Hong Kong. Her areas of interest and expertise include curriculum development, assessment and materials design, academic integrity, generative AI and academic literacy education. 
    To watch Kate’s 12-minute lightning session, visit the Learner Success Community of Practice. 
    Learner Success Community of Practice sessions 
    The Tertiary Education Commission hosts online and pre-recorded online Community of Practice sessions in partnership with the tertiary sector. The aim is to connect tertiary education organisations to share knowledge, collaborate, and promote individual, group and organisational development to improve the success of their learners. 
    To find out about upcoming sessions, please contact 0800 601 301 or customerservice@tec.govt.nz with the subject line [EDUMIS # Learner Success Community of Practice]. 
    To view recordings of previous sessions, visit Learner Success Community of Practice. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: WDC-developed micro-credentials and qualifications – funding

    Source: Tertiary Education Commission

    On this page:

    Funding for micro-credentials and qualifications
    WDCs need to be aware that micro-credentials and qualifications must meet the Tertiary Education Commission’s (TEC’s) funding conditions to be eligible for funded delivery by tertiary education organisations (TEOs).
    Funding conditions include requirements relating to the eligibility of programmes and micro-credentials. For information on funding conditions, see funding conditions for the relevant year.
    Why this matters
    If TEC funding conditions are not met, the cost of delivery will need to be covered by employers or learners.
    We encourage WDCs to engage with the TEC early in the development process, if they intend for a micro-credential or qualification to be delivered by a TEO using public funding.
    Funding is only available where micro-credentials and qualifications meet the base and fund-specific funding conditions.
    The two main funds used by TEOs delivering WDC-developed micro-credentials and qualifications are:

    Delivery at Levels 1 and 2 on the New Zealand Qualifications and Credentials Framework (DQ1-2)
    Delivery at Levels 3 to 7 (non-degree) on the New Zealand Qualifications and Credentials Framework and all industry training (DQ3-7).

    What is excluded from funding?
    Two exclusions may mean a WDC-developed micro-credential, or qualification is ineligible for TEC funding:

    Health and safety or regulatory compliance learning
    Post-entry health-related professional qualifications or micro-credentials.

    Health and safety or regulatory compliance learning
    Under DQ1-2 and DQ3-7 funding, the TEC cannot fund a TEO for a programme or micro-credential where:

    we consider on reasonable grounds that a majority of the programme relates to health and safety, or regulatory compliance learning, and
    that learning would displace the responsibility of employers to provide training necessary to mitigate their health and safety risks – or meet their regulatory compliance obligations.

    Note: 51% or more is how we define ‘majority’ for the purposes of assessment.
    We focus on content that displaces an employer’s legal responsibility, eg, requirements under the Health and Safety at Work Act 2015 that keep workers and those impacted by business operations safe and well.
    What is or isn’t considered within the 51% threshold?
    This content does not contribute to the 51% or more threshold:

    health and safety and regulatory compliance content that is embedded in broader occupational or technical skill development
    content that supports transferable industry wide skills.

    This content does contribute the 51% or more threshold:

    stand-alone health and safety or regulatory compliance training that exists primarily to meet legal obligations
    general or theoretical compliance learning not linked to practical skill development
    site- or employer-specific training (eg, inductions, emergency procedures). 

    Health-related professional qualifications or micro-credentials
    TEC funding can only be used for post-entry health-related professional qualifications or micro-credentials if they meet specific conditions regarding their academic or research nature and clinical components.
    Programmes, micro-credentials, and/or their component courses are eligible for funding if they:

    lead to the award of a post-entry health-related professional qualification or micro-credential, and
    are of an academic or research nature and have a clinical component of 30% or less. 

    Programmes, micro-credentials, and/or their component courses are not eligible for funding if they:

    lead to the award of a post-entry health-related professional qualification or micro-credential, and
    have a clinical component of more than 30%, and either

    require clinical education or training, or
    have an emphasis on specialist clinical professional skills. 

    Conditions for delivery at Levels 1 and 2 on the New Zealand Qualifications and Credentials Framework (NZQCF)
    There are some additional requirements to be aware of for delivery at Levels 1 and 2 on the NZQCF, funded through DQ1-2:

    A micro-credential must be at least 20 credits in size.
    Programmes and micro-credentials must include embedded literacy and numeracy (except for programmes in English language or te reo Māori).

    Note: These requirements apply to provision funded through DQ1-2, which supports provider-based delivery. If a Level 1 or 2 programme or micro-credential is delivered in a work-based setting (ie, the learner is employed and training occurs in the workplace), it is instead funded through the DQ3-7 fund. WDCs should take care to align the intended delivery mode with the appropriate fund when developing qualifications and micro-credentials at Levels 1 and 2.
    As stated above, restrictions on health and safety and regulatory compliance apply under both DQ1-2 and DQ3-7 across work-based and provider-based modes of delivery.
    General guidance for WDCs

    Engage early: Contact TEC if you intend for a qualification or micro-credential to be eligible for funding.
    Be aware of funding conditions: Be aware of the conditions that are imposed on the fund that a qualification or micro-credential would be funded under.
    Be mindful of thresholds: TEC uses a 51% rule to assess whether health and safety or regulatory compliance content is the dominant purpose of a credential, therefore making it ineligible for funding.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: TEO-developed micro-credentials – funding and fees

    Source: Tertiary Education Commission

    On this page:

    Funding for micro-credentials
    We want to invest in micro-credentials, delivered by highly capable TEOs, that meet the needs of industries and communities, and support government priorities. To be funded, micro-credentials need to meet a clearly established industry or community need, be tightly focused on a set of skills, and have stand-alone value.
    Not all quality-assured micro-credentials can be funded by the Tertiary Education Commission (TEC) as we have to prioritise how we distribute funding. Our investment in micro-credentials will complement rather than replace existing privately funded training. Alongside the micro-credentials we fund, we expect employers, industries, and learners will cover the full cost of others themselves.
    We are open to funding micro-credentials at any level of the New Zealand Qualifications and Credentials Framework (NZQCF), but we want to ensure learners are supported to make good choices, including enrolling in full qualifications where appropriate.
    For more information on the micro-credential funding conditions, see the DQ1-2, DQ3-7 and DQ7-10 funding conditions for the relevant year.
    Eligible organisations
    All TEOs eligible for Delivery on the NZQCF funding, at any level (DQ1-2, DQ3-7 (non-degree) and DQ7-10), can apply for funding to deliver micro-credentials.
    If your organisation is not currently approved to receive any funding from us via an Investment Plan, you will first need to apply for funding as a new provider. For more information about this, see Application to receive TEC funding.
    Talk to us early
    If you are a TEO creating a new micro-credential, you may choose to get in touch with us early in the development process before submitting it to the New Zealand Qualifications Authority (NZQA).
    We may be able to advise you if it is something we could potentially fund before you invest resources into developing it.
    Any advice is provisional, based on the information known to us at the time, and does not replace the application and assessment process.
    To receive guidance from the TEC on funding eligibility for your micro-credential, please email micro-credential@tec.govt.nz.
    How to apply
    The current TEC criteria and guidelines for the approval of TEO-developed micro-credentials came into effect on 1 November 2022. All applications must meet the approval criteria and use the form below.  

    How to submit your application
    Please read the criteria and guidelines carefully and submit your completed application through DXP Ngā Kete.
    Let us know when you’ve submitted, by emailing micro-credential@tec.govt.nz.  
    You can apply at any time. We expect to advise outcomes within six weeks. It may take longer in some circumstances or if we require additional information.
    WDC-developed micro-credentials
    Workforce Development Councils (WDCs) developing micro-credentials for which TEOs may seek TEC funding approval will need to be familiar with what we will and won’t fund.
    Funding requirements can be found in the DQ1-2, DQ3-7 and DQ7-10 funding conditions for the relevant year.
    You can also find more information at:
    WDC-developed micro-credentials and qualifications 
    Please be aware that where a WDC-developed micro-credential does not meet our investment requirements, we will not fund its delivery.
    A TEO wanting to gain accreditation to deliver a micro-credential developed by a WDC must first apply to NZQA. If granted accreditation by NZQA, the TEO can then enter the micro-credential into DXP Ngā Kete.
    If you have any questions about this, please call us on 0800 601 301 or email customerservice@tec.govt.nz.
    Fee limits on micro-credentials
    For information on fee limits on micro-credentials, including exception criteria, see Fee cap for micro-credentials.
    Re-prioritising funding from existing allocation
    If we approve a micro-credential for funding, we expect that in most cases TEOs will re-prioritise funding from within their existing allocation. To do this, you need to make an in-year Plan Amendment via a Mix of Provision (MoP) change in DXP Ngā Kete.
    You can increase the number of learners you enrol in the micro-credential over time (and make any necessary changes to the MoP), but you need to ensure the micro-credential continues to meet the priorities set out in the Tertiary Education Strategy, Plan Guidance and Supplementary Plan Guidance in force at the time of the proposed increase.

    If we approve your micro-credential for funding and you would like to seek additional funding for it, you can submit an additional funding request either at the time of your micro-credential application, or after it is approved. You will need to follow the standard process for additional funding. You can do that as part of the annual investment round or as an in-year additional funding request.
    We may consider investing additional funding to support micro-credentials if there is an exceptionally compelling case for strong employer or community demand and a clear contribution to government priorities.
    In considering further funding, we will look at your TEO’s performance in existing provision, including whether existing allocation can be reprioritised from lower-performing provision to the micro-credential.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: 2025 in-year additional funding requests

    Source: Tertiary Education Commission

    Last updated 11 June 2025
    Last updated 11 June 2025

    Print

    Share

    This page outlines our approach to 2025 in-year additional funding requests (AFRs).
    This page outlines our approach to 2025 in-year additional funding requests (AFRs).

    The application period is 1 May to 30 September 2025.
    Template for 2025 In-Year Additional Funding (XLSX 155 KB)
    You can now apply for 2025 in-year additional funding at any time until 30 September 2025. Below are the final application submission dates for each month.

    Application submission date 

    15/5/2025 

    12/6/2025 

    17/7/2025 

    18/8/2025 

    September (a) 

    19/9/2025 

    September (b) 

    30/9/2025 

    Submissions received after 30 September 2025 will not be accepted.
    The template outlines the process for submitting your application for in-year additional funding, along with the information required to appropriately assess your request. We expect to advise outcomes within four to six weeks of the submission date. It may take longer than this in some circumstances or if we require additional information. 

    Targeted funds
    As in 2024, we are taking a targeted approach to additional funding for the following funds:

    Delivery at Levels 3 to 7 (non-degree) on the New Zealand Qualifications and Credentials Framework and all industry training (DQ3-7) Fund
    Delivery at Levels 7 (degree) to 10 on the New Zealand Qualifications and Credentials Framework (DQ7-10) Fund.

    The Tertiary Education Commission (TEC) will contact tertiary education organisations (TEOs) that we consider meet the following criteria:

    demand from learners in 2025 within targeted priority areas
    history of strong Education Performance Indicators (EPIs)
    strong focus on improving educational outcomes for all learners.

    We will also consider other factors, such as:

    availability of funding for 2025 and outyears  
    External Evaluation and Review ratings
    the Fund’s intent
    2025 April Single Data Return supported by the March interim forecasts, including whether returns were submitted on time
    2024 and 2025 AFRs, data and TEO engagement
    advice received from Workforce Development Councils (WDCs)
    relevant supporting evidence from the TEOs and their stakeholders
    delivery over 105%
    financial viability, whether a repayment plan is or has recently been established, and if any debt is outstanding or owing to the TEC. 

    Funds not open for additional funding 
    The following funds are subject to specific constraints, which mean we will not be targeting additional funding and TEOs cannot apply for additional funding:

    Adult and Community Education (ACE) in Communities and ACE in Schools
    TEO-led Workplace Literacy and Numeracy Fund
    Delivery at Levels 1 and 2 on the New Zealand Qualifications and Credentials Framework (DQ1-2) Fund
    Youth Guarantee (YG) All Levels.

    Should money become available for these funds, through under-delivery or returned funding, we will notify you of our intended approach to additional funding.
    Funds open for additional funding
    The following funds are not subject to the targeted approach and TEOs can apply for additional funding:

    Intensive Literacy and Numeracy Fund
    ACE in Tertiary Education Institutions (TEIs)
    English Language Teaching Intensive Literacy and Numeracy Fund
    Refugee English Intensive Literacy and Numeracy Fund.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Funding allocations

    Source: Tertiary Education Commission

    Last updated 11 March 2025
    Last updated 11 March 2025

    Print

    Share

    Funding across the tertiary sector varies across years. In most instances these variations are due to funding adjustments, mergers or where funds end or are amalgamated.
    Funding across the tertiary sector varies across years. In most instances these variations are due to funding adjustments, mergers or where funds end or are amalgamated.

    The All Grants Provider Funding Publication spreadsheet contains information on the funding we provided to the tertiary education sector for 2021, 2022, 2023, 2024 and 2025 calendar years. 
    This information was extracted as of 11 June 2025.
    All Grants Provider Funding Publication spreadsheet (XLSX 3.2 MB)
    What the spreadsheet tells you
    The spreadsheet includes allocations, recoveries, and performance adjustments for every tertiary education organisation (TEO) we fund.
    You can view funding allocation information by year, fund, subsector, region of TEO head office, or by provider.
    Filters allow you to view allocations, recoveries and performance adjustments separately and to see year-by-year comparisons.
    The contents of the spreadsheet
    There are six tabs in the spreadsheet. These are:

    Tab

    Tab name

    Contains

    1

    Definitions and explanatory notes

    Summary funding information

    2

    Merger list

    A list of organisations which merged between 2021–2025

    3

    2021–2025 summary

    Allocations by appropriation and fund

    4

    2021–2025 comparison

    Allocations comparing any two specified years

    5

    Regional summary by provider

    Allocations by provider and region based on the location of the TEO’s head office

    6

    Regional summary by fund

    Allocations by fund and region based on the location of the TEO’s head office

    All Grants Provider Funding Publication spreadsheet
    All Grants Provider Funding Publication spreadsheet (XLSX 3.2 MB) – as at 11 June 2025.
    Note this spreadsheet is protected from editing. To enable editing and be able to expand the data lists follow these steps:

    To activate the drop down menus, you will need to click “Enable Editing” on the spreadsheet. 
    You will then see a message in the title bar: “An author has marked this workbook as final to discourage editing.” Choose “Edit Anyway”.
    You should now be able to expand the lists marked with a “+ ”.

    Funding allocations and final funding
    While we determine most funding allocations before the start of the calendar year, funding changes are made during the year. These include:

    new allocations
    changes to existing allocations
    performance adjustments
    recoveries for under-delivery. 

    The information provided in each update of the All Grants Provider Funding Spreadsheet reflects these changes until the allocation of funds and the recoveries for a particular year are complete.
    Funding across the tertiary sector varies across years. In most instances these variations are due to funding adjustments, mergers or where funds end or are amalgamated.

    Related Content

    MIL OSI New Zealand News –

  • MIL-OSI: Zinemx Obtains U.S. MSB License, Ushering in a New Era of Compliance

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 12, 2025 (GLOBE NEWSWIRE) — Recently, Zinemx Exchange announced that it has been granted the Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury, marking a significant milestone in the platform global compliance strategy. Zinemx has demonstrated trustworthy capabilities in anti-money laundering (AML) and user identification compliance, enabling it to legally conduct crypto asset trading activities in the United States and multiple other jurisdictions, while providing investors with a compliant and secure trading environment over the long term.

    Possession of the U.S. MSB license allows Zinemx Exchange to legally offer crypto asset trading services across multiple states in the U.S., and further strengthens its ability to operate lawfully in other global jurisdictions. The platform has always placed a high priority on compliance, dedicating itself to delivering high-quality crypto trading services to its users.

    Alongside obtaining the MSB license, Zinemx Exchange has further optimized its AML and Know Your Customer (KYC) compliance systems to meet global financial regulatory standards. The platform employs advanced identity verification technologies, ensuring that users can smoothly pass rigorous compliance checks during registration and trading processes. Its risk control system continuously monitors trading activities in real time, accurately identifying abnormal behaviors and effectively preventing illegal activities such as money laundering and market manipulation.

    The Zinemx compliance team works closely with international regulatory authorities and legal advisors to ensure that the platform operations adhere to legal and policy requirements in the global financial sector. All trading activities on the platform are strictly monitored and reviewed in accordance with international anti-money laundering regulations.

    As cryptocurrencies increasingly become mainstream assets, regulatory requirements for crypto assets are tightening worldwide. Zinemx Exchange, having secured the U.S. MSB license, also plans to expand localized operations in major markets such as Europe and Asia, thereby advancing its global compliance efforts.

    Looking ahead, Zinemx Exchange will continue to broaden its global compliance footprint by applying for additional financial licenses in more countries and regions, while further enhancing security and risk management measures. The platform is committed to building a more compliant and efficient crypto asset trading environment for investors. In the context of growing regulatory oversight of crypto trading, Zinemx is steadily advancing toward a new stage of international development.

    Media Contact: support@zinemx.org

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a69b22b7-7f1e-41b0-b6de-3ff0b830fccb

    The MIL Network –

  • MIL-OSI: Allredi Signs Partnership with GMA Garnet Group to Expand its Distribution Network

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 12, 2025 (GLOBE NEWSWIRE) — Allredi, a North American distributor of surface preparation, abrasives, and safety products to industrial contractors, announced today that it entered into a partnership with GMA Garnet Group (“GMA”) providing Allredi with access to GMA’s extensive abrasive product line across its supply chain throughout the U.S. and Canada. Allredi is backed by Capstreet, a Houston-based lower middle market private equity firm, and Ridgemont Equity Partners, a middle market private equity firm based in Charlotte, NC.

    Allredi supplies garnet abrasives to end users for the maintenance, cleaning and repair of large steel structures in the industrial, infrastructure, and downstream energy sectors. GMA provides garnet abrasives for use in blasting steel, aluminum, stainless steel, and glass, with operations in North America, Asia-Pacific, Europe, South Africa, and the Middle East.

    “GMA produces a quality, high performance garnet abrasive, and we are excited to partner with them to better serve our customers,” said Allredi CEO Kevin Bourbonnais. “Our agreement with GMA provides Allredi with new access to a large, consistent volume of quality garnet processed in the U.S. With GMA’s processing facilities in Texas, Oregon, and Pennsylvania, we believe we can effectively serve customers throughout the U.S. and Canada, expanding beyond our previous Gulf-centric approach to Garnet distribution.”

    GMA manages the end-to-end supply chain, from sourcing to processing to international distribution, and reprocessing. With a long history of sustainable mining, GMA is focused on energy-efficient processing and reductions in landfill.

    “We’re excited about this partnership with Allredi, which expands our geographic reach across North America,” said Scot Cummins, Regional Sales Director at GMA Americas. “In particular, this will offer us an opportunity to increase our presence across Canada. Allredi’s strong distribution network and customer relationships make them a great fit for delivering GMA’s high-performance garnet to more end users. This partnership also supports our commitment to help customers reduce abrasive waste through initiatives like the Garnet Return Program.”

    To learn more about GMA Garnet Group, visit www.gmagarnet.com.

    About Allredi
    Allredi is a North American distributor of surface preparation, abrasives, and safety products to industrial contractors primarily in the industrial, infrastructure, and downstream energy sectors. The company was founded in 1944 and is headquartered in Pasadena, TX with 24 locations throughout the U.S. and Canada. Please visit www.allredi-us.com for additional information.

    About Capstreet
    Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With more than 50 platform investments and more than 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework® to help accelerate growth and profitability, and create long-term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, https://capstreet.com.

    About Ridgemont Equity Partners
    Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, industrials, and healthcare sectors for three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. www.ridgemontep.com.

    Contact:
    Lambert by LLYC
    Joanne Lessner, 212-222-7436, jlessner@lambert.com
    Jennifer Hurson, 845-507-0571, jhurson@lambert.com

    The MIL Network –

  • MIL-OSI: Aemetis CEO Meets with White House, Congress, and Agencies Regarding Support for Domestic Energy and Rural Communities in Budget Bill

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., June 12, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company, announced today that its Chairman and CEO, Eric McAfee, has held meetings regarding support for domestic energy and rural communities in the federal tax bill with members of the Senate and House of Representatives, and with officials at the U.S. Department of Agriculture, Department of Energy, Treasury Department, and the White House National Economic Council. The meetings included a one hour presentation on transferable tax credits and the benefits of Section 45Z production tax credits to the Chief of Staff and biofuels policy staff of the Congressional Joint Committee on Taxation.

    “The One Big Beautiful Bill Act is a generational opportunity to support domestic energy and rural communities through Section 45Z production tax credits for biofuels and biogas,” Mr. McAfee stated. “This year, we have travelled to Washington D.C. more than ten times to meet with the White House, Senate and House, as well as to present to agencies related to biofuels and biogas to communicate the important role of 45Z in the expansion of American energy and the importance of funding to farmers and rural communities through higher value crops.”

    The 45Z production tax credit (PTC) was established in 2022 and went into effect in January 2025. If enacted, the federal tax and spending bill version passed by the House would modify the Section 45Z PTC to extend the credit availability by four years from 2027 to 2031, require the use of domestic feedstocks, and eliminate the indirect land use penalty for ethanol and other biofuels.

    The value of the Section 45Z production tax credits earned by Aemetis is directly correlated with the quantity of biofuels and biogas produced. From 12 dairies currently operating, Aemetis Biogas is rapidly scaling up the construction of dairy digesters to produce renewable natural gas (RNG) using feedstock from 50 dairies that have already entered agreements with Aemetis Biogas. This summer, 16 dairies are scheduled to be operating in the Aemetis Biogas Central Digester Project near Modesto, California, with 36 miles of biogas pipeline and a central biogas-to-RNG production facility already in operation delivering RNG into the PG&E utility gas pipeline.

    Aemetis renewable energy and energy efficiency projects include the expansion of dairy renewable natural gas production to generate more than 1 million MMBtu per year of renewable natural gas; the Keyes ethanol plant mechanical vapor recompression system that is expected to generate $32 million of increased annual cash flow starting in 2026; the Riverbank carbon sequestration project to inject 1.4 million tons per year of CO2 per year underground; and the 78 million gallon per year sustainable aviation fuel and renewable diesel plant that has already received Authority To Construct air permits and other key approvals.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California that will use renewable hydrogen and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

  • MIL-OSI: FBI Special Agent Chris Wong Joins TRM Labs

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 12, 2025 (GLOBE NEWSWIRE) — Christopher Wong, one of the Federal Bureau of Investigation (FBI)’s foremost experts on cryptocurrency investigations, has joined TRM Labs.

    Wong served with the FBI for ten years, most recently as a Supervisory Special Agent in the Bureau’s Virtual Assets Unit. In that role, he led and supported some of the most complex cryptocurrency-related investigations in US law enforcement, including multi-year efforts to disrupt North Korea’s use of digital assets to finance its weapons programs.

    Wong, in partnership with now-TRM colleague Chris Janczewski — then a special agent with IRS-Criminal Investigation — led the FBI’s investigation into the 2016 Bitfinex hack, resulting in the recovery of approximately USD 3.6 billion in cryptocurrency, the largest seizure in US history. He also played a critical role in the US government’s response to the USD 600 million Axie Infinity Ronin Bridge hack, attributed to North Korea’s Lazarus Group. That incident became a watershed moment in US national security policy on crypto threats, driving a coordinated interagency response and leading to the first-ever sanctions on cryptocurrency mixing services.

    Most recently, Wong supported the Department of Justice’s civil forfeiture action involving over USD 7.7 million in cryptocurrency linked to a North Korean IT worker laundering network. That investigation uncovered a sophisticated global scheme in which DPRK operatives used false identities to gain employment in the tech sector and funnel illicit earnings back to Pyongyang.

    In addition to his investigative work, Wong has trained law enforcement, prosecutors, and judges in dozens of countries, helping to build international capacity to respond to crypto-enabled crime.

    “I’m incredibly proud of the mission I served at the FBI — supporting agents, partners, and prosecutors as we tackled some of the most impactful crypto investigations in the world,” said Wong. “At TRM, I have the opportunity to continue that mission — this time by helping amplify the work law enforcement is doing globally to disrupt illicit finance and protect victims.”

    “Chris is one of the most respected agents in the space,” said Esteban Castaño, co-founder and CEO of TRM Labs. “He combines elite investigative skill with a deep sense of purpose, and his work has shaped how governments respond to nation-state cyber threats and financial crime. We’re honored to welcome him to TRM as we expand our support for public sector partners and the broader mission of safeguarding the financial system.”

    Wong joins a growing team of former law enforcement and national security officials at TRM Labs working to detect, investigate, and prevent illicit activity involving digital assets.

    About TRM Labs

    TRM Labs provides blockchain analytics solutions to help law enforcement and national security agencies, financial institutions, and cryptocurrency businesses detect, investigate, and disrupt crypto-related fraud and financial crime. TRM’s blockchain intelligence platform includes solutions to trace the source and destination of funds, identify illicit activity, build cases, and construct an operating picture of threats. TRM is trusted by leading agencies and businesses worldwide who rely on TRM to enable a safer, more secure crypto ecosystem. TRM is based in San Francisco, CA, and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com.

    Contact: press@trmlabs.com

    The MIL Network –

  • MIL-OSI Asia-Pac: DoJ holds first lawtech roundtable

    Source: Hong Kong Information Services

    The Department of Justice (DoJ) today held the first round of LexGoTech Roundtable to explore the opportunities and challenges brought about by lawtech and artificial intelligence.

    Deputy Secretary for Justice and Chairman of the Consultation Group Cheung Kwok-kwan noted that the legal sector in Hong Kong is welcoming a new era, with lawtech reshaping the delivery of legal services.

    He said lawtech will strengthen the long-term competitiveness of Hong Kong’s legal professional services and solidify the city’s position as the centre for international legal and dispute resolution services in the Asia-Pacific region.

    The department established the Consultation Group earlier this year, comprising representatives from the legal and dispute resolution sector, law schools and experts on lawtech applications, to explore ways to promote the integration of legal services and lawtech in Hong Kong.

    To further enhance the sector’s understanding of the application of lawtech, Mr Cheung said the DoJ organised the roundtable following the Consultation Group’s recommendations and plans to hold a series of related events this year.

    In the long term, the department will promote the connection between lawtech service providers and legal practitioners, enhance the capabilities of legal professionals in lawtech, and disrupt traditional work models in the legal sector to create an ecosystem conducive to the development of lawtech in Hong Kong.

    Mr Cheung highlighted that the DoJ has been sparing no effort to promote lawtech and support the development of online dispute resolution and transaction platforms.

    The department has also launched the LawTech Fund and the Hong Kong Legal Cloud services to subsidise small and medium-sized law firms and chambers in enhancing their information technology capabilities, benefitting over 4,000 local legal professionals to date, he added.

    The roundtable engaged legal professionals from the Law Society of Hong Kong and the Small & Medium Law Firms Association of Hong Kong.

    They exchanged views on the risks associated with the use of lawtech and discussed how to embrace the era of artificial intelligence through policies, hardware and software upgrades, and capability building.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Number of drug abusers drops

    Source: Hong Kong Information Services

    The total number of reported drug abusers in the first quarter of 2025 was 1,644, lower than the figure of 1,738 for the same period in 2024, the Action Committee Against Narcotics announced today.

    According to data from the Central Registry of Drug Abuse, the number of reported drug abusers aged under 21 in the first quarter of 2025 was 285, with 128 of them having abused “space oil”.

    “Space oil” has replaced cannabis to become the most common type of drug abused by young drug abusers, followed by cannabis and cocaine. 

    The Government has listed the drug’s main ingredients – etomidate and its three analogues metomidate, propoxate and isopropoxate – as dangerous drugs, as regulated under the Dangerous Drugs Ordinance (DDO).

    The Government also plans to list the remaining etomidate analogues as dangerous drugs, and consulted the Legislative Council Security Panel on the matter earlier this month.

    Action Committee Against Narcotics Chairman Donald Li said the committee fully supports the Government’s proposal.

    “Apart from the legislation, the committee will continue to carry out relevant publicity and education work,” he said.

    On the enforcement front, the total number of people arrested for drug offences in the first quarter of 2025 was 940. Of these, 140 are youngsters aged under 21.

    “Space oil”, cannabis and cocaine were the main drugs involved in these arrests. In court cases concluded in the same period, the conviction rate of those prosecuted for drug offences was as high as 86%.

    With the summer holidays approaching, the Security Bureau reminded youngsters not to participate in drug trafficking out of greed or by way of gambling on their luck.

    Youth is not a valid mitigating factor for drug offences, and pleas of ignorance are no way to avoid legal liability, the bureau added.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: China’s foreign trade shows resilience amid complex global environment: ministry

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

    This aerial photo taken on March 13, 2023 shows a container terminal of Taicang Port, east China’s Jiangsu province. [Photo/Xinhua]

    China’s Ministry of Commerce on Thursday said that the country’s foreign trade has demonstrated resilience and vitality so far this year despite a complex external environment, with growth recorded in both the scale and quality of trade in goods.

    In the first five months of this year, China’s imports and exports with Belt and Road partner countries, ASEAN member states and Africa grew 4.2%, 9.1% and 12.4%, respectively, according to ministry spokesperson He Yadong.

    These figures show that China’s trade network is becoming increasingly diverse, with emerging markets driving incremental growth, He said at a regular press briefing.

    The country’s high-tech and high-value-added products have become more competitive, with exports of electromechanical products rising 9.3% in the first five months of the year, accounting for 60% of China’s total exports.

    During the same period, imports and exports by private enterprises grew 7%, accounting for 57.1% of China’s total foreign trade.

    In the face of a complex and volatile external environment, China will steadfastly expand its high-standard opening-up and address the uncertainty of drastic changes in the external environment with the certainty of its own high-quality development, the spokesperson said.

    China looks forward to working with more trade partners to address risks and challenges, and to promote mutually beneficial cooperation, he added.

    MIL OSI China News –

  • India’s inflation falls to 2.82% in May 2025, lowest since February 2019

    Source: Government of India

    Source: Government of India (4)

    India’s Consumer Price Index (CPI) inflation rate dropped to 2.82% in May 2025, marking the lowest year-on-year rate since February 2019, according to the Ministry of Statistics & Programme Implementation. This provisional figure, measured against May 2024, reflects a 34-basis-point decline from April 2025’s 3.16%, signaling robust economic stability.

    Food inflation, a key driver, fell sharply to 0.99% in May 2025, the lowest since October 2021, down 79 basis points from April’s 1.78%. Rural areas recorded a food inflation rate of 0.95%, while urban areas saw 0.96%. The decline is attributed to lower prices for pulses, vegetables, fruits, cereals, household goods, sugar, confectionery, and eggs, supported by a favorable base effect.

    Headline inflation in rural areas decreased to 2.59% in May 2025 from 2.92% in April, while urban areas saw a reduction from 3.36% to 3.07%. Rural food inflation dropped from 1.85% to 0.95%, and urban food inflation fell from 1.64% to 0.96%. Other sectors showed varied trends: housing inflation, measured only in urban areas, rose slightly to 3.16% from 3.06%, while education and health inflation stood at 4.12% and 4.34%, respectively. Transport and communication inflation increased to 3.85% from 3.67%, and fuel and light inflation eased to 2.78% from 2.92%.

    The National Statistical Office collected price data from 1114 urban markets and 1181 villages across all states and Union Territories, achieving a 100% response rate for villages and 98.6% for urban markets. States with the highest inflation rates include Kerala (6.46%), Punjab (5.21%), and Jammu & Kashmir (4.55%), though most states reported moderated rates.

    Tracked on a 2012 base year since January 2013, the combined CPI for May 2025 reached 193.0, up marginally by 0.21% from April’s 192.6. The Consumer Food Price Index (CFPI) remained nearly stable at 194.5, with a minimal monthly change of -0.05%, reflecting effective economic management and affordability for millions of Indians.

  • MIL-OSI Asia-Pac: DoJ holds first roundtable to promote sector’s understanding of lawtech (with photos)

    Source: Hong Kong Government special administrative region

    DoJ holds first roundtable to promote sector’s understanding of lawtech  
    He also noted that, to further enhance the sector’s understanding of the application of lawtech, the DoJ organised the roundtable following the Consultation Group’s recommendations and plans to hold a series of related events this year. In the long term, the DoJ will promote the connection between lawtech service providers and legal practitioners, enhance the capabilities of legal professionals in lawtech, and disrupt traditional work models in the legal sector to create an ecosystem conducive to the development of lawtech in Hong Kong.Issued at HKT 19:32

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CDP attends 2025 Guangdong-Hong Kong-Macao Software Industry High-quality Development Conference, 13th Guangdong-Hong Kong Cloud Computing Conference and 8th Guangdong-Hong Kong-Macao ICT Conference in Guangzhou (with photos)

    Source: Hong Kong Government special administrative region

    CDP attends 2025 Guangdong-Hong Kong-Macao Software Industry High-quality Development Conference, 13th Guangdong-Hong Kong Cloud Computing Conference and 8th Guangdong-Hong Kong-Macao ICT Conference in Guangzhou  
    Speaking at the main forum of the conference, Mr Wong said that the Hong Kong Special Administrative Region (HKSAR) Government has been endeavouring to develop artificial intelligence as a core industry in recent years and to promote the robust development of the AI ecosystem in Hong Kong on all fronts. In this regard, Cyberport’s AI Supercomputing Centre (AISC) has commenced operation. Meanwhile, the HKSAR Government has launched a $3 billion AI Subsidy Scheme to support local institutions, research and development (R&D) centres and enterprises in leveraging the computing power of the AISC to achieve scientific breakthroughs. The HKSAR Government also supported, through the AIR@InnoHK under the InnoHK Research Clusters focusing on the development of AI and robotics technologies, the establishment of the Hong Kong Generative AI Research and Development Center (HKGAI). HKGAI is formed by a group of R&D teams from local universities and focuses on R&D of local self-developed general-purpose large language models and applications, including the document processing application “HKPilot”, which is now in pilot use in all government departments.
     
    In addition, Mr Wong mentioned that the Digital Policy Office (DPO) is actively taking forward the preparatory work on the establishment of the Hong Kong AI Research and Development Institute, facilitating upstream R&D of AI, midstream and downstream transformation of R&D outcomes and application scenarios. He invited Guangdong technology enterprises and talent to learn more about Hong Kong’s I&T development and to leverage Hong Kong’s distinctive advantages under the “one country, two systems” principle of having strong support of the motherland and being closely connected to the world, to jointly venture into the global market with Hong Kong’s I&T industry and tell good stories of the country’s I&T development.
     
    The conference attracted around 400 industry experts, scholars and practitioners from Guangdong, Hong Kong and Macao. Government representatives from the three places and representatives from research institutions and industry organisations also attended the conference. Being one of the major annual events of the Hong Kong/Guangdong co-operation in informatisation, the conference was jointly organised by the Guangdong Software Industry Association, the Yangcheng Evening News, the Hong Kong Cyberport Management Company Limited, the Computer Chambers of Macau and the China Software Industry Association, under the steer of the Department of Industry and Information Technology of Guangdong Province, the DPO of the HKSAR Government, the Economic and Technological Development Bureau of the Government of the Macao Special Administrative Region and the Yangcheng Evening News Group.
     
    Mr Wong visited two local technology enterprises in Guangzhou in the afternoon. He was briefed by the enterprises’ representatives on products and solutions of new-generation information technology application innovation and cybersecurity, and also learned how the enterprises apply large language models and generative AI technology to product development.
     
    Mr Wong returned to Hong Kong this afternoon after the visit.
    Issued at HKT 19:50

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Committee for Safeguarding National Security of HKSAR launches 5th Anniversary of Promulgation and Implementation of Hong Kong National Security Law Thematic Exhibition (with photos)

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Committee for Safeguarding National Security of the Hong Kong Special Administrative Region:

         The Chief Executive announced in the 2024 Policy Address that a thematic exhibition will be held at the National Security Exhibition Gallery to mark the fifthth anniversary of the promulgation and implementation of the Hong Kong National Security Law. The opening ceremony of the thematic exhibition was launched today (June 12) at the Hong Kong Museum of History, and the exhibition is now open to all Hong Kong citizens.  
     National security is the bedrock of national rejuvenation, and social stability is a prerequisite for building a strong and prosperous China. The overarching principle of “one country, two systems” is to safeguard national security, sovereignty and development interests.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Drug abuse and drug situation in Hong Kong in first quarter of 2025

    Source: Hong Kong Government special administrative region

    ​The Action Committee Against Narcotics (ACAN) noted at its meeting today (June 12) the figures of the Central Registry of Drug Abuse (CRDA) and other drug-related figures for the first quarter of 2025. ACAN noticed that the total number of reported drug abusers in the first quarter of 2025 was lower than that of 2024. However, the figures tend to show greater volatilities in the first quarter of each year. The ACAN will closely monitor the situation in the remaining quarters of 2025, and will at the same time continue to carry out its anti-drug work.
     
    Figures from the CRDA revealed that the total number of reported drug abusers in the first quarter of 2025 was 1 644 while that of the same period in 2024 was 1 738. The most common type of drug abused in the first quarter of 2025 was heroin, followed by cocaine and cannabis.
     
    The number of reported young drug abusers aged under 21 in the first quarter of 2025 was 285, of which 128 abused the “space oil drug”. The “Space oil drug”, followed by cannabis and cocaine, has replaced cannabis to become the most common type of drug abused among reported young drug abusers.
     
    Regarding the main active ingredients currently found in the “space oil drug”, the Government has listed etomidate and its three analogues (metomidate, propoxate and isopropoxate) as dangerous drugs, which are regulated under the Dangerous Drugs Ordinance (DDO) (Cap. 134). The Government plans to list the remaining etomidate analogues as dangerous drugs, and has consulted the Legislative Council Panel on Security earlier this month.
     
    The Chairman of ACAN, Dr Donald Li, said, “When facing the ‘space oil drug’, the Government should not lower its guard. ACAN fully supports the Government’s proposal to list all etomidate analogues as dangerous drugs under the DDO, with a view to nipping this drug abuse problem in the bud. Apart from the legislation, ACAN will continue to carry out relevant publicity and education work.”
     
    On the enforcement front, according to the figures from the law enforcement agencies, the total number of persons arrested for drug offences in the first quarter of 2025 was 940. Among them, 140 of them are youngsters aged under 21. The “space oil drug”, cannabis and cocaine were the main drugs involved in these arrests in the first quarter. According to the court cases concluded for the same period, the conviction rate of persons being prosecuted for drug offences was as high as 86 per cent. As for young offenders aged under 21 who were sentenced to imprisonment for drug trafficking, more than half of them were sentenced to over five years in prison, and the longest imprisonment was 20 years.
     
    A spokesman for the Security Bureau (SB) said, “As the summer holidays approach, we remind youngsters not to  participate in drug trafficking out of greed or gambling on luck, including giving out their addresses for receiving ‘drug parcels’ and joining free trips to transport dangerous drugs across borders as ‘drug mules’. Young age is not a valid mitigating factor for drug offences. A plea of ignorance is not an excuse to avoid legal liability. Young drug offenders will also be sentenced to lengthy imprisonment.”
     
    Moreover, the spokesman reminded youngsters that they need to stay vigilant at all times when travelling outside Hong Kong, with a view to avoiding drug traps when trying something new. Foods and drinks, or even health supplements, skincare products (such as facial masks, massage oil), etc, may contain dangerous drugs. Products that are marked with the words “CBD”, “THC”, “cannabis”, “cannabinoids”, “ganja”, “hemp extracts” or “marijuana”, or with a picture of a cannabis leaf, may contain substances that are illegal in Hong Kong or prohibited for transit at the airport. Members of the public are reminded to pay close attention to product labels during online or in-store shopping. If in doubt, members of the public should not risk purchasing, consuming or bringing these products back to Hong Kong to not to breach the law inadvertently. Information and a video about examples of CBD products have been uploaded onto the Narcotics Division’s (ND) dedicated webpage about CBD (www.nd.gov.hk/en/CBD.html) for the public’s reference.
     
    The ACAN also noted the findings of the 2023/24 Survey of Drug Use among Students (Survey). The Survey is a triennial research project conducted by a research institute commissioned by the ND of the SB, with the aim of obtaining the latest drug taking trends in students and knowing more about students’ knowledge of drugs as well as their attitudes towards drug taking. Such information assists the Government in formulating anti-drug initiatives that would respond better to the actual situation. The Survey successfully surveyed 99 600 students from upper primary to post-secondary levels, accounting for about 15 per cent of the student population in Hong Kong.
     
    The Survey results indicated that the proportion of students who claimed to have taken dangerous drugs rose to 2.7 per cent from 2.5 per cent in the previous survey (i.e. the one conducted in 2020/21). Psychotropic substances are the most common types of drugs abused by these students. These findings are in line with the statistics recorded by the CRDA.
     
    The CRDA figures for the first quarter of 2025 are available on the ND’s website (www.nd.gov.hk/en/index.html).
     
    The ND’s website, as well as its official accounts (narcotics.divisionhk) on Facebook and Instagram, also contain detailed information about dangerous drugs including the “space oil drug” for reference by the public.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Speech by FS at Reception in Celebration of 127th Anniversary of Proclamation of Philippine Independence (English only)

    Source: Hong Kong Government special administrative region

    Speech by FS at Reception in Celebration of 127th Anniversary of Proclamation of Philippine Independence (English only) 
         Good evening. It is a great pleasure to join you tonight in celebrating the 127th anniversary of the Republic of the Philippines’ proclamation of independence.  
     
         Let me take this opportunity to extend a formal and warm welcome to Consul General Israel, who assumed his new post in Hong Kong this April. With your extensive diplomatic career in the Philippines and abroad, I am confident that your experience and insight will further help strengthen the close ties between Hong Kong and the Philippines.  
         Tourism is a shining example. Last year, we welcomed nearly 1.2 million visitors from the Philippines, a remarkable increase of over 55 per cent compared to 2023. This positive momentum has continued, with over 550 000 Filipino visitors arriving in the first five months of this year, representing a 27 per cent year-on-year growth.   
     
         Our trade relationship remains robust. Hong Kong plays a vital role as a gateway for China’s exports to the Philippines. Hong Kong is the Philippines’ fifth largest trading partner. Last year, our value of merchandise trade grew to HK$108 billion. Hong Kong handled around 13 per cent of the total merchandise trade between China and the Philippines.
     
         Besides, I am pleased to note that we have started negotiations on a Comprehensive Avoidance of Double Taxation Agreement. I trust such an agreement will further simulate our bilateral trade and investments. 
     
         All these encouraging developments point to a future of even closer business ties and new opportunities for collaboration. 
     
         The Philippines stands out as one of the fastest-growing economies in ASEAN (Association of Southeast Asian Nations). I am pleased to learn that your Government is making proactive efforts to implement pro-business reforms to simplify company formation process, lower entry barriers and attract foreign businesses. These measures will facilitate trade and investments with your economic and trade partners. Meanwhile, more infrastructure flagship projects will bolster the economy, improve connectivity and make your country more attractive to businesses from abroad. 
     
         In an era marked by rising protectionism and increasing geopolitical uncertainty, globalisation is facing backlashes. Countries are seeking to diversify their export markets and development drivers. In this context, enhancing intra-regional trade and collaboration will be key to achieving sustainable growth. In this connection, we greatly appreciate the Philippines’ continued support for our accession to the Regional Comprehensive Economic Partnership (RCEP).
     
         Under the “one country, two systems” arrangement, Hong Kong is a “super connector” and “super value-adder” between the Chinese Mainland and the rest of the world. We steadfastly uphold our free port status, with the free movement of goods, capital, information and talent. Our world-class transport and logistics infrastructure provides a perfect springboard for your country’s products and services to reach the Mainland, across North Asia, and beyond.
     
         Now, given the policy uncertainties in the US and shifting global investment landscape, Hong Kong has emerged as a safe harbour for international capital. This is reflected by capital inflows and investors’ optimism. Our stock market has performed exceptionally well, rising by 20 per cent so far this year, on top of the 18 per cent increase last year. It is one of the top-performing markets globally.
     
         With deep liquidity and a comprehensive suite of funding options, Hong Kong offers an ideal platform for Filipino enterprises to raise funds to support their business development. They can consider listing on our Stock Exchange, or connecting with angel investors, venture capital and private equity for collaboration. 
     
         For sure, Hong Kong has more to offer. You will find Hong Kong an ideal location to raise funds for quality infrastructure and green transition projects. Beyond traditional means, such as bond issuance, there are innovative financing models such as infrastructure loan securitisation, or catastrophe bonds, which are designed to share natural disaster risks with investors. Hong Kong has already issued seven catastrophe bonds, covering events from earthquakes to storms across Asia and the Americas. 
     
         In short, the potential for deeper co-operation between our two economies is vast and far-reaching.
     
         Before I conclude, I would like to express my heartfelt appreciation to the more than 220 000 Filipino nationals in Hong Kong. They are an integral part of our community and have made invaluable contributions to the economic and social fabric of this city.  
     
         On behalf of the Hong Kong SAR Government, I extend my warmest congratulations to the people of the Philippines on your Independence Day. May the friendship between Hong Kong and the Philippines continue to flourish and prosper for years to come.  
     
         I wish you all a most enjoyable evening. Thank you very much.
    Issued at HKT 19:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Green Form flats to go on sale

    Source: Hong Kong Information Services

    The Housing Authority will launch a new round of the Sale of Green Form Subsidised Home Ownership Scheme (GSH) Flats in the third quarter offering a total of 2,576 flats from the new GSH project Wang Chi Court in Kowloon Bay.

    The GSH 2024 will also involve rescinded or unsold flats which were first put up for sale under GSH 2020-21 and GSH 2022, and a new batch of recovered Tenants Purchase Scheme flats.

    The Wang Chi Court flats have saleable areas of about 17.9 sq m to about 43.3 sq m. More than a quarter of them are large flats, with saleable areas of about 41.8 sq m to about 43.3 sq m.

    Pursuant to the prevailing pricing mechanism, GSH flats will be sold at a discount greater than that in the preceding Home Ownership Scheme (HOS) sale exercise. As the discount rate for the sale of HOS 2024 flats was 30%, the discount rate for all GSH flats offered under this sale exercise will be set at 40%.

    The selling prices of Wang Chi Court flats range from about $1.15 million to about $3.49 million, the authority added.

    As an enhancement measure, this sale exercise will allocate an extra ballot number to applicants who had failed to purchase a flat in GSH 2022 and GSH 2023, so as to increase their chances of success.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HK to adopt int’l disclosure rules

    Source: Hong Kong Information Services

    The Government has welcomed the publication today of jurisdictional profiles by the International Financial Reporting Standards (IFRS) Foundation, with Hong Kong being confirmed as one of the first jurisdictions to set a target of fully adopting the IFRS Sustainability Disclosure (ISSB) Standards. 

    The Government said this demonstrates the city’s commitment to enhancing the transparency of information on sustainablity in capital markets, enabling investors to make informed investment decisions.

    Secretary for Financial Services & the Treasury Christopher Hui said the IFRS Foundation’s confirmation affirms Hong Kong’s efforts and determination to support and promote a common international language on sustainability disclosures.

    “It also demonstrates Hong Kong’s strengths in the field of sustainable finance, helping to consolidate Hong Kong’s position as an international sustainable finance hub.

    “As a leading international financial centre, Hong Kong will continue to be at the forefront in aligning with international standards and promoting market best practices.”

    The Hong Kong Institute of Certified Public Accountants published in December last year the Hong Kong Sustainability Disclosure Standards (Hong Kong Standards), which will be effective from August 1 this year. These standards are fully aligned with the ISSB Standards.

    The Financial Services & the Treasury Bureau also launched, in December last year, a Roadmap on Sustainability Disclosure in Hong Kong, which sets out Hong Kong’s approach to requiring publicly accountable entities (PAEs) to adopt the ISSB Standards, and provides a well-defined pathway for large PAEs to fully adopt these standards no later than 2028.

    MIL OSI Asia Pacific News –

  • MIL-OSI: LIS Technologies Inc. Appoints Former Deputy Administrator of the National Nuclear Security Administration Brent Park Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, June 12, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has appointed Brent Park, Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy.

    “LIST’s technology arrives at a pivotal moment, as the United States accelerates efforts to build a secure, domestic nuclear‑fuel supply chain,” said Brent Park, Ph.D., Executive Director of Nuclear Security and Safeguards Policy of LIS Technologies Inc. “This proprietary technology can be a key step toward reducing reliance on foreign sources of enriched uranium and strengthening our national energy independence. I’m honored to join the Company and look forward to advising the leadership team as they advance the CRISLA technology from revival to commercialization.”

    Brent is a nuclear physicist and a former government official with demonstrated leadership experience at Los Alamos National Laboratory (LANL), Nevada Test Site (NTS), and Oak Ridge National Laboratory (ORNL). Between 2018 and 2021, with Senate confirmation just 6 weeks after being nominated by President Donald J. Trump, Brent served as Deputy Administrator at the National Nuclear Security Administration (NNSA). He led Defense Nuclear Nonproliferation programs to support the nation’s efforts in nonproliferation treaties and international arms control, international nuclear security, safeguards, and export control policies. Prior to joining NNSA, Brent was Associate Laboratory Director at ORNL, leading the science-to-application efforts for national security programs. Research topics are wide-ranging, with particular focus on materials science and engineering, cybersecurity, high-performance computing and big data analytics, artificial intelligence, and nuclear science and engineering.

    Figure 1 – LIS Technologies Inc. Appoints Brent Park, Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy.

    Previously, Brent was the director of NNSA’s Remote Sensing Laboratory, where he led efforts to advance and field cutting-edge diagnostics and communications instruments in support of counterterrorism and radiological incident response for the nation. As the NNSA’s non-proliferation chief, he led efforts and engagements to prevent nuclear weapons proliferation and to reduce the threat of nuclear and radiological terrorism around the world. Earlier, Brent managed and contributed to basic and applied research programs at LANL in the areas of physics and engineering, modeling and analysis, and nuclear weapons physics and engineering in support of stockpile stewardship, as well as nuclear emergency response and nuclear facility operations. Brent earned a bachelor’s degree in physics and mathematics at Illinois State University and a master’s degree in physics with an emphasis on remote sensing at Indiana State University. Later he shifted the direction of his research to nuclear physics and earned a master’s degree at Indiana University. Brent performed a thesis experiment using the spallation neutron source at LANL and earned a PhD in physics at Ohio University. He held a prestigious Physics Division postdoctoral fellowship at LANL before becoming a technical staff member.

    “Brent steps into this role with real enthusiasm, and we’re honored to welcome him to our team,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “A distinguished leader, public official, and scientist, he brings a depth of experience that will benefit the Company both now and well into the future. During his tenure at the NNSA, Brent worked with some of the most advanced nuclear technologies in the industry. Now, his decision to join LIST reflects the promise of our patented, proprietary and U.S.-based CRISLA technology and the dedication that has shaped our company’s growth.”

    “Brent’s depth of experience and extensive network are a testament to his distinguished career, and it is a pleasure to welcome him to LIS Technologies,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “His technical expertise, combined with his longstanding relationships across key institutions, will be instrumental as we navigate complex licensing, regulatory and non-proliferation pathways and advance our CRISLA technology through testing, demonstration activities and eventually to commercialization.”

    About LIS Technologies Inc.

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

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

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

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

    Attachment

    The MIL Network –