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Category: Asia

  • MIL-OSI: Unbound raises $4M to help enterprises embrace AI tools on their terms

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, May 29, 2025 (GLOBE NEWSWIRE) — Generative AI tools have become ubiquitous in the enterprise. Employees are using AI copilots to code, draft documents, brainstorm campaigns, and analyze data – often without IT’s knowledge or approval. As adoption spreads from the bottom-up, companies are losing control over how sensitive information is being handled, what models are being used, and who has access to what.

    Unbound has raised $4 million to fix this. The oversubscribed seed round was led by Race Capital, with participation from Wayfinder Ventures, Y Combinator, Massive Tech Ventures and others include notable angel investors*. 

    Unbound Security founders: Vignesh Subbiah and Rajaram Srinivasan. 

    Unbound gives IT teams the visibility and controls they need to safely introduce and manage AI tools in the enterprise. Its AI Gateway plugs into commonly used tools – like Cursor, Roo, Cline or internal document copilots – and provides real-time protection, model routing, and usage analytics. From blocking sensitive information leakage to managing model costs and performance, Unbound helps organizations roll out AI on their terms.

    The founding team brings deep experience in both enterprise security and infrastructure. CEO and co-founder Rajaram Srinivasan previously led data security products at Palo Alto Networks and Imperva, and earlier worked on SaaS security at the onset of the AI wave. He teamed up with Vignesh Subbiah, a seasoned engineer and former founding team member at Tophatter and Shogun, who scaled engineering teams and platforms from seed to growth stage. After working together at Adobe, the two reconnected to build a system that could meet the urgent security gaps emerging in the new AI stack.

    The need became clear quickly. In the early days of GPT-3.5, teams were already sending sensitive prompts into AI tools without oversight – leaking secrets, exposing PII, and consuming costly licenses with no guardrails. Existing DLP tools either blocked the tool altogether or failed to adapt to newer AI workflows.

    Unbound takes a different approach. It has already prevented the leakage of 100s of secret credentials – including passwords, API keys, and connection strings – as well as more than 500 instances of personally identifiable information such as customer names, phone numbers, and patient records. Rather than simply blocking prompts, Unbound redacts sensitive content in real time and reroutes high-risk requests to internal, open-source models hosted in the organization’s cloud. This ensures employees get their answers without ever seeing a security speed bump.

    Unbound: analytics dashboard.

    The platform also gives companies fine-grained control over model access and cost. Rather than buying a one-size-fits-all license, teams can allocate premium model access to high-stakes workflows – like engineers building core infrastructure – while routing lighter tasks, like content editing, to smaller open-source models. Mid-market customers using Unbound have already saved more than $10,000 annually on unnecessary AI seat licenses. And when new models outperform old ones – as with Gemini 2.5 recently overtaking Claude Sonnet for certain coding tasks – Unbound allows IT to roll them out incrementally, test their effectiveness, and swap them in without breaking employee workflows.

    The product is already being used by a growing base of mid-market and enterprise customers across sectors including tech and healthcare. One customer, a leading tech company, recently used Unbound to safely introduce Gemini 2.5 into production AI tools for more than 100 engineers within the same week.

    “As AI tools become mainstream, enterprises are turning to flexibility and control,” said Rajaram Srinivasan, co-founder and CEO of Unbound. “They want visibility into what’s being used, assurance that their data is protected, and the ability to swap in better models as the space evolves. Unbound is the bridge that makes that possible.”

    Reflecting on Unbound’s early days, CTO and co-founder Vignesh Subbiah said, “Defaulting to blanket bans on AI tools is like being in the times of GPT 3.5. Unbound enables surgical security controls into every AI request so teams can innovate freely without putting corporate secrets at risk.” He added, “In just a few months, our customers have prevented over 7,000 potential data leaks and cut AI tooling costs by nearly 70 percent.”

    The market is shifting fast. What started as shadow IT is quickly becoming mission-critical infrastructure. Generative AI is embedded in everything from customer support to software engineering – but the tooling around it is still stuck in early-stage chaos. CIOs and CISOs are looking for ways to support AI adoption without compromising security or governance. Unbound is building that foundation. “At THG Ingenuity, we see the security team as an enabler, not a blocker. Unbound empowers us to roll out AI tools to employees with confidence. Unbound AI Gateway’s data protection controls and intelligent routing have been instrumental in safeguarding sensitive data while helping us optimize costs.” says Abraham Ingersoll, Chief Information Security Officer (CISO) of The Hut Group. The Hut Group (THG) is a customer of Unbound.

    Unbound: usage analytics.

    “AI is projected to reach $4.8 trillion in market value for the enterprise by 2033 globally — but without proper guardrails, that value is at risk. From shadow models to data leaks, the dangers of unmanaged AI are very real.  We are excited to back Rajaram Vignesh and the Unbound Security team as they create a new category of AI infrastructure: one built for safety, observability and cost discipline from day one.” said Edith Yeung, General Partner at Race Capital. “We’re proud to back Rajaram, Vignesh, and the team building a new category of AI infrastructure – one that makes enterprise adoption safe, observable, and cost-efficient from day one.”

    Unbound is just getting started. The team plans to expand integrations across the AI ecosystem, deepen model routing capabilities, and support internal model orchestration for enterprises adopting open-source LLMs. Their mission is simple: to ensure every organization can embrace AI without losing control in the process.

    * Other investors in the round included: Alpha Square Group, Northside Ventures, Liquid2, Pioneer Fund, Scale Asia Ventures, SBXI and notable angels including Ram Shriram (founding board member at Google), Dr. Trishan Panch (CSO LuminHealth), Dr. John Brownstein (Chief Innovation Officer, Boston Children’s hospital), Taro Fukuyama (CEO, Fond), Eli Brown (CEO, Guilded, acquired by Roblox), Chris Siakos (CEO Sinefa, acquired by Palo Alto Networks), Joe Vadakkan (CISO, Ex- CRO), Zain Rizavi (Cloudflare, Ridge VC), Finbarr Taylor (CEO, Shogun) alongside other silicon valley and cybersecurity veterans.

    Ends

    Media images can be found here. 

    About Unbound
    Unbound helps enterprises adopt Generative AI tools securely and responsibly across their organizations. As companies increasingly explore the benefits of AI, Unbound ensures that IT and security teams maintain the oversight they need. Unbound provides detailed visibility into usage patterns, helps control the flow of sensitive data, and enables policy enforcement to align with organizational standards. Unbound makes enterprise AI adoption safer, more transparent, and easier to manage.

    The MIL Network –

    May 30, 2025

  • MIL-OSI: Flywire Accepted into Global Luxury Travel Group Virtuoso®

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 29, 2025 (GLOBE NEWSWIRE) — Flywire Corporation (NASDAQ: FLYW) (Flywire), a global payments enablement and software company, announced that it has been accepted into Virtuoso®’s exclusive portfolio of luxury travel partners, comprising 2,300 preferred suppliers in 100 countries. Inclusion in Virtuoso will provide Flywire new sales and marketing opportunities to the network’s luxury travel advisors and their highly desirable clientele. Virtuoso agencies worldwide sell an average of (U.S.) $35 billion annually, making the network one of the most significant players in luxury travel.

    “Virtuoso’s acceptance process is incredibly selective, so becoming a preferred partner is an honor for Flywire,” said Colin Smyth, SVP and GM of Travel at Flywire. “The reputation that Virtuoso member agencies have for outstanding dedication to their clients complements Flywire’s approach to service. Now that we’re part of this renowned network, we look forward to offering Virtuoso advisors and their clients the convenient, secure and streamlined payment experiences that they’ve come to expect from Flywire.”

    Flywire joins Virtuoso’s collection of the finest luxury hotels, resorts, cruise lines, airlines, tour operators and other travel entities worldwide. These partners, which specialize in world-class client service and experiences, provide superior offerings, rare opportunities and exceptional value for Virtuoso clients. These prestigious providers can market to Virtuoso clients via network vehicles and to Virtuoso agencies through multiple communications channels and events, including Virtuoso Travel Week, luxury travel’s preeminent worldwide gathering. Flywire’s acceptance into Virtuoso gives it direct relationships with the world’s leading leisure travel agencies in North and Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East.

    “We’re proud to include Flywire as part of our Technology Partner Community – a program designed to provide our network with access to leading technology innovators across the industry,” said Virtuoso’s Senior Vice President, Global Products Thatcher Brown. “Flywire is a standout in the payments and software space, offering a secure, global solution that drives operational efficiency. By connecting our preferred partners and member agencies with companies like Flywire, we empower them to stay informed and make the best strategic decisions for their businesses.”

    Trusted by thousands of luxury travel brands, Flywire enables tour operators, destination management companies, accommodation providers and other luxury businesses to offer high-end travelers a seamless and secure payment experience, all around the world. Backed by a powerful global payment network that supports more than 140 currencies and diverse payment methods, Flywire allows international travelers to pay in their preferred way, eliminating confusion and unexpected fees associated with foreign exchange. For providers, Flywire provides transparent pricing, real-time payment tracking and around-the-clock multilingual support, as well as high-end software integrations that automate reconciliation and reduce back-office work. Additionally, Flywire streamlines the commission payment experience between buyers and suppliers in the luxury travel ecosystem.

    Resources

    • To learn more about Flywire’s software and payment solutions for the global travel industry, visit here
    • Flywire recently commissioned a survey of 500+ ultra luxury travelers from the U.S. on their travel preferences. For data points and key takeaways, please visit: Flywire’s annual luxury travel report.

    About Flywire

    Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

    Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

    Flywire supports more than 4,600 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.

    About Virtuoso

    Virtuoso® is the leading global travel agency network specializing in luxury and experiential travel. This by-invitation-only organization comprises over 1,200 travel agency locations with more than 20,000 travel advisors in 58 countries throughout North America, Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East. Drawing upon its preferred relationships with 2,300 of the world’s best hotels and resorts, cruise lines, airlines, tour companies and premier destinations, the network provides its upscale clientele with exclusive amenities, rare experiences and privileged access. Normalized annual sales of (U.S.) $35 billion make Virtuoso a powerhouse in the luxury travel industry. For more information, visit www.virtuoso.com.

    Safe Harbor Statement

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations of the potential benefits of and opportunities from being a preferred partner. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’s Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Media Contacts:

    Sarah King
    Flywire
    Media@Flywire.com 

    Misty Belles
    Vice President, Global Public Relations
    Virtuoso
    Phone: +1.202.553.8817
    Email: mbelles@virtuoso.com

    Investor Contacts:

    Masha Kahn
    IR@Flywire.com 

    The MIL Network –

    May 30, 2025

  • MIL-OSI: A.I. Drone Operations Flourishing as Global Quantum Computing Market Expected to Reach $5.3 Billion By 2029

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The global quantum computing market is expected to grow significantly in the coming years. A report from MarketsAndMarkets projected that the global quantum computing market size will be valued at USD 5.3 billion by 2029, growing at a CAGR of 32.7% during the forecast period through 2029. The report said: “Quantum computing is a growing technology that has the opportunity to make computing faster. These devices can perform valuable tasks but have a high rate of error. In short-term quantum computing, use cases will have a hybrid quantum operating model, a mix of traditional and quantum computers. In the short term, also known as the NISQ era, the revenue for quantum computing will be entirely generated from end-user industries and quantum computing research investments. Mid-term quantum computing is expected to witness many advantages over conventional computers. To achieve this stage, quantum algorithms with a high error correction ability are required. Long term quantum computing requires a high tolerance for error correction and scalability. At this stage, the value will be added by the quantum hardware, quantum software, and service providers. Systems segment to account for highest CAGR of the quantum computing market during the forecast period Quantum computer systems are designed to solve complex problems that traditional computers find difficult. Constant investments and development in quantum computing systems are driving the market during the forecast period. Quantum computing hardware launches are becoming increasingly common. The shipment of quantum computing systems is increasing daily. The cloud segment is projected to account for a larger share of the quantum computing industry than the on-premises segment from 2024 to 2029.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Quantum Corporation (NASDAQ: QMCO), Rigetti Computing, Inc. (NASDAQ: RGTI), D-Wave Quantum Inc. (NYSE: QBTS), Supermicro, Inc. (NASDAQ: SMCI).

    MarketsAndMarkets concluded: The demand for the quantum computing market share is expected to have the largest share in the Asia Pacific region. Companies working in the area’s quantum computing market and the government are spending money on research in quantum computing. The race to build powerful quantum computers is heating up with big money bets. The race to build powerful quantum computers is heating up with big money bets. Tech giant IBM is throwing down a cool USD 100 million to help universities in Japan and the US develop whopper machines with 10,000 qubits.”

    ZenaTech (NASDAQ:ZENA) Developing Quantum Computing and AI Drone Fleets to Prevent Wildfires in the Western US – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”) a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces its strategic initiative to utilize quantum computing and AI-powered drones to revolutionize wildfire detection, forecasting, and response in the US Western and Coastal states. This innovative solution is part of ZenaTech’s expanding Clear Sky project, an initiative which aims to mitigate the increasing threat of billion-dollar weather events using high-precision environmental monitoring powered by AI drones, drone swarms and quantum-enhanced analytics.

    “We want to harness next-generation drone technology for frontline defence against one of America’s more dangerous natural threats” said Dr. Shaun Passley, CEO of ZenaTech. “By integrating quantum computing with our AI drone systems, we can process massive volumes of atmospheric and terrain data to provide near real-time wildfire predictions and response strategies with unmatched speed and accuracy.”

    The integration of quantum computing allows ZenaTech to process complex datasets far faster than traditional methods—turning raw drone telemetry into actionable intelligence for emergency response teams, forestry services, and environmental protection agencies.

    Using the ZenaDrone 1000 drone and fleets of drones equipped with thermal sensors, multispectral imaging, and 360-degree LiDAR, autonomous flight missions over 300 square miles can be performed. These drone swarms gather environmental data which is then processed using quantum computing platforms to build predictive models that simulate wildfire spread based on terrain, vegetation density, humidity, and wind patterns.

    ZenaTech’s recently acquired Portland, Oregon-based land survey engineering company and now a Drone as a Service office, will be part of this initiative surveying large tracks of land for wildfires and fire management testing incorporating drone swarm technology in the Northwest in the Pacific Coast areas. The company will also utilize its Wyoming Native American partnership for testing fire mitigation, and autonomous monitoring of tribal lands. The Clear Sky project initial team will be expanded to 20 engineers dedicated to the company’s R&D initiatives including wildfire modelling, geospatial optimization, and AI-augmented forecasting.

    Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. Quantum computers can analyse vast and complex drone data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events.

    Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US caused by extreme weather including hurricanes, wildfires, floods, and severe storms— according to Gallagher Re’s Natural Catastrophe and Climate Report.    Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech (NASDAQ:ZENA) Provides Quantum Computing Update on ‘Clear Sky’ Weather Forecasting Project?AI Drone Swarms to Combat Steep Rise in Billion Dollar Extreme Weather Events – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”) provided an update on its “Clear Sky” project, an R&D initiative soon to be released in a beta application version, that uses multiple AI drones in a drone swarm, and quantum computing for weather forecasting. The goal is to better predict localized weather including extreme weather events for business and government users, saving lives and billions of dollars.

    In the coming months, ZenaTech plans to expand its quantum computing project team to 20 by adding at least ten additional specialized engineers. This will accelerate the development and upcoming beta release of Clear Sky in addition to furthering other internal quantum computing projects currently underway.

    “Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US. Through the Clear Sky project, we will use AI-powered drone swarms and quantum computing to better predict these disasters and fill the critical atmospheric observation gaps of traditional weather data collection and satellite methods,” said CEO of ZenaTech Shaun Passley, Ph.D. “Drones with sensors flying at high altitudes can collect data in real time enabling greater spatial and temporal resolution resulting in more precise, up-to-the-minute weather insights to better anticipate the onset of extreme weather like tornadoes.” Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the markets include:

    Quantum Corporation (NASDAQ: QMCO) recently announced an update to its Professional Services portfolio, redefining its offerings to meet customers’ needs across the data lifecycle and provide greater flexibility in how services are consumed. Quantum uniquely delivers comprehensive data lifecycle management spanning high-speed ingest to data protection to long-term archiving. As organizations increasingly depend on data to drive AI initiatives, fuel innovation, and streamline operations, customers require tailored, efficient, and scalable services that evolve with their infrastructure and business goals.

    Structured around three core offerings—new subscription-based Value Packages, Deployment Services, and On-Demand Services—Quantum’s Professional Services are built to meet customers where they are in their data journey. Whether accelerating a new deployment, optimizing a legacy environment, or planning for future growth, these services offer scalable, expert-led support that aligns with both immediate needs and long-term strategies.

    Rigetti Computing, Inc. (NASDAQ: RGTI), a pioneer in full-stack quantum-classical computing, recently announced its financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 and Recent Financial Highlights Were:

    Total revenues for the three months ended March 31, 2025 were $1.5 million

    Total operating expenses for the three months ended March 31, 2025 were $22.1 million

    Operating loss for the three months ended March 31, 2025 was $21.6 million

    Net income for the three months ended March 31, 2025 was $42.6 million

    Net income for the three months ended March 31, 2025 includes $62.1 million of non-cash gains from the change in fair value of derivative warrant and earn-out liabilities

    As of March 31, 2025 cash, cash equivalents and available-for-sale investments totaled $209.1 million

    As of April 30, 2025, following the previously announced closing of the share purchase by Quanta Computer, Inc., cash, cash equivalents and available-for-sale investments totaled $237.7 million

    “Rigetti is proud to be awarded important government-funded projects in the U.S. and U.K. to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners.”

    D-Wave Quantum Inc. (NYSE: QBTS) recently announced the general availability of its Advantage2TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving computationally complex problems beyond the reach of classical computers. Featuring D-Wave’s most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI).

    “Today marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole, as we bring to market our sixth-generation quantum computer, a system so powerful that it can solve hard problems outside the reach of one of the world’s largest exascale GPU-based classical supercomputers,” said Dr. Alan Baratz, CEO of D-Wave. “It’s an engineering marvel, with substantial technical advancements that highlight D-Wave’s progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency.

    Supermicro, Inc. (NASDAQ: SMCI) recently announced that it is now taking orders for enterprise AI systems with NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs. Supermicro’s broad portfolio of optimized servers enables AI and visual computing to be deployed in virtually any industry or environment. Supermicro’s suite of over 20 systems with RTX PRO Blackwell GPUs will significantly enhance performance for enterprise AI factory workloads. This includes AI inference, AI development and model fine-tuning, generative AI, AI-driven graphics & rendering, video content and streaming, and game development.

    Supermicro NVIDIA-Certified Systems with RTX PRO 6000 Blackwell GPUs will serve as building blocks for NVIDIA Enterprise AI Factory validated designs, integrating with NVIDIA Spectrum-X networking, NVIDIA-Certified Storage, and NVIDIA AI Enterprise software to create full-stack solutions, accelerating the deployment of on-premises AI.

    “Supermicro continues to lead the development of enterprise AI infrastructure, empowering the deployment of AI across industries at ever-greater scale,” said Charles Liang, president and CEO of Supermicro. “Supermicro’s Data Center Building Block Solutions® is the ideal platform for collaboration with NVIDIA Enterprise AI Factory validated designs based on the Blackwell architecture. Together, we will help enterprises ramp up AI adoption by building their own Enterprise AI Factories, accelerating AI inference, AI development, simulation, and graphics workloads for faster time-to-revenue.”

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

    May 30, 2025

  • MIL-OSI: Quantum Computing Technology Evolving as Larger Scale of Applications & Uses Skyrockets

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Recent industry article by MarketsAndMarkets reports that the cloud segment of Quantum AI Computing is projected to account for a larger share of the quantum computing industry than the on-premises segment through 2029. Cloud based quantum computing services provide access to quantum processors and other quantum computing resources. Over the past decade, the enterprises that carry out data processing within their facilities have shifted a significant portion of their IT load to specialized cloud services such as Amazon Web Services, Microsoft Azure, and Google Cloud. A few enterprises are using the hybrid cloud that uses private computer resources belonging to enterprises and public cloud-based services. The quantum machine learning segment will have the highest CAGR in the quantum computing market during the forecast period. The market for machine learning technology is expected to have the highest CAGR during the forecast period. Machine learning in quantum computing is used to optimize its operations by solving complex problems faster than traditional computers. The reports said that: “The enterprise quantum computing market is witnessing rapid growth as businesses across various industries recognize the transformative potential of quantum technologies. Quantum computing offers the ability to solve complex problems at speeds far beyond the capabilities of classical computers, making it highly attractive for sectors such as finance, healthcare, logistics, pharmaceuticals, and cybersecurity. Enterprises are particularly focused on leveraging quantum computing for optimization, simulation, data analysis, and cryptography. With the increasing availability of quantum-as-a-service platforms, more companies, including small and medium-sized enterprises, are gaining access to quantum computing capabilities without needing to invest heavily in infrastructure. As a result, the enterprise quantum computing market is expected to experience significant expansion, with projections indicating rapid adoption as the technology matures and becomes more commercially viable. The growing investment in research, development, and partnerships between tech giants and startups is further accelerating the pace of innovation in this market.”   Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), IonQ (NYSE: IONQ), Red Cat Holdings, Inc. (NASDAQ: RCAT), Quantum Computing Inc. (NASDAQ: QUBT), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    MarketsAndMarkets continued: “The quantum technology market is experiencing significant advancements, particularly with respect to the development of quantum chips, which are central to the progress of quantum computing and other quantum-based applications. Quantum chips are the hardware that enable quantum computers to perform complex calculations by harnessing quantum bits (qubits), which can exist in multiple states simultaneously. These chips are crucial for increasing the computational power and efficiency of quantum systems. As demand for faster and more powerful quantum processors grows, companies are investing heavily in research and development to create more stable, scalable, and reliable quantum chips. Innovations in quantum chip fabrication, such as using superconducting qubits, trapped ions, or topological qubits, are driving the market forward.”

    ZenaTech (NASDAQ:ZENA) Developing Quantum Computing and AI Drone Fleets to Prevent Wildfires in the Western US – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”) a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces its strategic initiative to utilize quantum computing and AI-powered drones to revolutionize wildfire detection, forecasting, and response in the US Western and Coastal states. This innovative solution is part of ZenaTech’s expanding Clear Sky project, an initiative which aims to mitigate the increasing threat of billion-dollar weather events using high-precision environmental monitoring powered by AI drones, drone swarms and quantum-enhanced analytics.

    “We want to harness next-generation drone technology for frontline defence against one of America’s more dangerous natural threats” said Dr. Shaun Passley, CEO of ZenaTech. “By integrating quantum computing with our AI drone systems, we can process massive volumes of atmospheric and terrain data to provide near real-time wildfire predictions and response strategies with unmatched speed and accuracy.”

    The integration of quantum computing allows ZenaTech to process complex datasets far faster than traditional methods—turning raw drone telemetry into actionable intelligence for emergency response teams, forestry services, and environmental protection agencies.

    Using the ZenaDrone 1000 drone and fleets of drones equipped with thermal sensors, multispectral imaging, and 360-degree LiDAR, autonomous flight missions over 300 square miles can be performed. These drone swarms gather environmental data which is then processed using quantum computing platforms to build predictive models that simulate wildfire spread based on terrain, vegetation density, humidity, and wind patterns.

    ZenaTech’s recently acquired Portland, Oregon-based land survey engineering company and now a Drone as a Service office, will be part of this initiative surveying large tracks of land for wildfires and fire management testing incorporating drone swarm technology in the Northwest in the Pacific Coast areas. The company will also utilize its Wyoming Native American partnership for testing fire mitigation, and autonomous monitoring of tribal lands. The Clear Sky project initial team will be expanded to 20 engineers dedicated to the company’s R&D initiatives including wildfire modelling, geospatial optimization, and AI-augmented forecasting.

    Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. Quantum computers can analyse vast and complex drone data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events.

    Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US caused by extreme weather including hurricanes, wildfires, floods, and severe storms— according to Gallagher Re’s Natural Catastrophe and Climate Report.    Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech (NASDAQ:ZENA) Provides Quantum Computing Update on ‘Clear Sky’ Weather Forecasting Project?AI Drone Swarms to Combat Steep Rise in Billion Dollar Extreme Weather Events – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”) provided an update on its “Clear Sky” project, an R&D initiative soon to be released in a beta application version, that uses multiple AI drones in a drone swarm, and quantum computing for weather forecasting. The goal is to better predict localized weather including extreme weather events for business and government users, saving lives and billions of dollars.

    In the coming months, ZenaTech plans to expand its quantum computing project team to 20 by adding at least ten additional specialized engineers. This will accelerate the development and upcoming beta release of Clear Sky in addition to furthering other internal quantum computing projects currently underway.

    “Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US. Through the Clear Sky project, we will use AI-powered drone swarms and quantum computing to better predict these disasters and fill the critical atmospheric observation gaps of traditional weather data collection and satellite methods,” said CEO of ZenaTech Shaun Passley, Ph.D. “Drones with sensors flying at high altitudes can collect data in real time enabling greater spatial and temporal resolution resulting in more precise, up-to-the-minute weather insights to better anticipate the onset of extreme weather like tornadoes.”   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the markets include:

    IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, recently announced the signing of a memorandum of understanding (MoU) with the Korea Institute of Science and Technology Information (KISTI), a leading national science and technology research institute and supercomputing center. The memorandum marks a significant expansion of IonQ’s long standing relationship with South Korea’s government, academic and industry sectors, aligning efforts intended to accelerate the national development of quantum science and industry.

    Under the terms of the MoU, IonQ and KISTI will collaborate in four key areas: advanced infrastructure access, education, talent and knowledge exchange as well as collaboration to expand market opportunities. The two organizations will work together with the intent to introduce quantum systems into KISTI and plan to integrate these systems with KISTI’s high-performance computing (HPC) infrastructure.

    Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced a partnership with ESAero to provide critical AS9100 manufacturing capacity for the Black Widow sUAS and its subsystems. The AS9100 standard ensures a manufacturer has a quality management system in place to meet the stringent requirements of the aerospace industry.

    Teal Drones is a wholly owned subsidiary of Red Cat Holdings. The company’s Black Widow drone is a small unmanned aerial system (sUAS) designed for short-range reconnaissance (SRR) missions. The system, which was down selected for the U.S. Army’s SRR Program of Record contract, provides military operators with improved situational awareness, autonomous capabilities, and rugged performance in contested environments.

    Quantum Computing Inc. (NASDAQ: QUBT), an innovative, integrated photonics and quantum optics technology company, recently released financial results for the three-month period ended March 31, 2025.

    Dr. Yuping Huang, Interim Chief Executive Officer of QCi, commented, “QCi delivered solid operational and financial progress in the first quarter, strengthening our balance sheet and advancing key strategic initiatives. We completed construction during the quarter of our Quantum Photonic Chip Foundry in Tempe, Arizona, a major milestone that positions us to meet growing demand for thin film lithium niobate (TFLN) photonic chips, underscored by the announcement of a fifth purchase during the period. We’re encouraged by our early traction, which is the first step in what we believe is a significant, multi-year opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications. In parallel, we continued to deepen engagement with both government and commercial partners, reinforcing the growing interest in our quantum and photonic machines and positioning QCi to capitalize on emerging opportunities ahead.”

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, recently said it is entering into a strategic alliance with Vyom Drones of India. Under this strategic alliance, AgEagle Aerial Systems intends to license Vyom Drones to manufacture and sell AgEagle eBee X drones to customers in India. AgEagle will also provide service and maintenance training to Vyom as part of the agreement.

    “Working with Vyom Drones through this agreement helps unlock the potential of India’s immense agricultural, civil, and commercial sectors in one of the world’s largest and most dynamic markets,” said Bill Irby, AgEagle CEO. “With more than 345 million acres of arable land and a rapidly growing demand for precision agriculture, India represents a critical opportunity for AgEagle to deploy our advanced eBee drones and multispectral sensors, empowering farmers with a surveying capability that provides real-time, actionable insights. This collaboration aligns with our mission to deliver innovative, high-value UAS solutions that enhance productivity and sustainability, while supporting India’s vision to become a global drone hub by 2030. Together with Vyom Drones, we aim to transform Indian agriculture by driving efficiency, reducing costs, and fostering sustainable growth and sound water management for farmers across the nation.”

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    The MIL Network –

    May 30, 2025

  • MIL-OSI United Nations: Op-Ed: UN Peacekeeping is both a lifesaving tool and a smart investment

    Source: United Nations – Peacekeeping

    U.N. Peacekeeping has a legacy of success, from Namibia to today’s volatile hotspots. But to remain effective, it needs investment and adaptation. 

    By Jean-Pierre Lacroix 

    This March, some 35 years after the United Nations closed a landmark chapter in peacekeeping, Namibia inaugurated President Netumbo Nandi-Ndaitwah, the country’s first democratically elected woman head of state. 

    In 1989, despite rising global instability and a liquidity crisis at the U.N., member states came together to launch the United Nations Transition Assistance Group, or UNTAG — a multidimensional peacekeeping mission that helped usher in Namibia’s independence. 

    UNTAG didn’t just monitor a ceasefire in Namibia. It helped organize and secure the country’s first free and fair elections, protected civilians, verified troop withdrawals, and supported democratic transition across a vast and remote territory. It pioneered approaches that are now cornerstones of modern peacekeeping, from U.N. policing and human rights monitoring to electoral support and a robust public information campaign. 

    Today, the United Nations Peacekeeping stands at a critical juncture. The global landscape is dangerous and complex. Crises erupt quickly and spread faster, magnified by international political polarization, transnational crime, terrorism, a rising sense of impunity, and the weakening of international law. 

    The globally recognized U.N. Peacekeeping blue helmets enjoy broad international support. Now more than ever, peacekeepers remain on the front lines — holding ground, protecting civilians, and creating the space necessary for diplomacy to work. But faced with increasing instability and mounting financial pressure, peacekeeping’s effectiveness depends on investment in its future. 

    Blue helmets on the front lines 

    The work of our U.N. peacekeepers — men and women serving far from their homes to help others live in peace — is demanding and complex, but it is also dangerous. Since January 2024, we have suffered 78 fatalities. Many more have been injured. Their sacrifice, and the service of more than 68,000 military, police, and civilian personnel deployed under the U.N. flag — including uniformed peacekeepers from 119 countries — represents a tangible commitment to peace and security. 

    Across 11 missions, big and small, peacekeepers operate in some of the world’s most volatile contexts. In the Democratic Republic of the Congo, our peacekeeping mission MONUSCO is helping to shield civilians from violence while supporting dialogue and disarmament.  

    In Lebanon, UNIFIL remains a stabilizing presence along the Blue Line amid ongoing exchanges of fire. In South Sudan, UNMISS is working to prevent a relapse into civil war by enhancing security and promoting dialogue and negotiation at the local and national levels. In the Central African Republic, MINUSCA continues to protect the vulnerable all over the country and is supporting preparations for the country’s first local elections in decades. And in Cyprus, peacekeepers serving with UNFICYP continue to reduce tensions and maintain a buffer strip to promote security and build confidence between communities. 

    Many of these missions face challenges that reflect deeper complexities, with confusing or impractical mandates, ambiguous political support at local and international levels, a lack of a clearly defined end-state, and a widening gap between expectations and resources. 

    Investing in peacekeeping 

    2025 is a pivotal year. As we mark the U.N.’s 80th anniversary, Germany — a stalwart peacekeeping partner of long standing — hosted a U.N. Peacekeeping Ministerial meeting in Berlin earlier this month. Ministers of defense and foreign affairs from around the world united in pledging their unequivocal and tangible support for and to our blue helmets. More than half of the 130 member state delegations present made concrete pledges to make missions stronger, safer, and more effective. 

    They discussed the future of peace missions and ways to reform the instrument to ensure our operations remain adaptable, innovative, cost-effective, and resilient. As it did in Namibia in the early 90s, U.N. Peacekeeping has always adapted to and achieved results in ever-changing contexts. Going forward, we will need to build on this momentum to ensure peacekeeping is streamlined, economical, and fit for purpose. 

    And on this point, it is important to stress that peacekeeping is not only a lifesaving tool — it is a smart investment. It delivers value for money, reduces violence, and helps forge a durable peace. From Cambodia to Timor-Leste and El Salvador to Liberia, U.N. Peacekeeping has supported transitions from war to peace at a minuscule fraction of what military activities have cost worldwide. These achievements are not historical footnotes: they are the building blocks of regional stability. 

    And U.N. Peacekeeping must and will continue to evolve. Missions may be deployed jointly with or in support of regional partners, such as the African Union. They may be smaller, more technologically leveraged, and more specialized. But their core purpose will remain to support political solutions, protect the vulnerable, and pave the way for a sustainable peace. 

    If the past tells us anything, it is that peacekeeping can deliver when we invest in it and stay the course. Peacekeeping’s record is measured not only by what happens but by what doesn’t — violence that was averted, escalation that was prevented, space that was created for politics to work. 

    We ignore this hard-won truth at our peril — U.N. mission closures in Mali, Sudan, and Haiti, and the rise of violence in all of these countries, are cases in point. To avoid this trap, we must maintain readiness and the capabilities to deploy rapidly, if and when asked. 

    Thirty-five years ago, the world came together to launch UNTAG, a ground-breaking peace mission that helped Namibia chart its own course as an independent country. Today, that same spirit of unity, innovation, and determination is needed once again. If we fall short now, we risk undermining decades of progress and undermining the hopes of millions who depend on peacekeeping to help protect their future.

    MIL OSI United Nations News –

    May 30, 2025

  • MIL-OSI Economics: Clean Energy Pipeline Grows to $328 Billion, with 184 GW Primed for Deployment

    Source: American Clean Power Association (ACP)

    Headline: Clean Energy Pipeline Grows to $328 Billion, with 184 GW Primed for Deployment

    Top Ten States for Clean Power Installations in Q1 2025

    • Q1 clean power deployment totaled 7.4 GW in 2025, representing $10 billion in domestic investment
    • Battery storage achieves record Q1 installations, surpassing 30 GW total capacity and strengthening grid reliability for growing power demands
    • Project pipeline climbs to record levels, signaling robust future growth
    WASHINGTON, D.C., May 29, 2025 – The American Clean Power Association (ACP) today released its Q1 2025 Clean Power Quarterly Market Report, showing continued strong private sector investment in domestic energy production. U.S. developers installed 7.4 gigawatts (GW) of utility-scale solar, wind, and storage capacity in the first quarter, marking the second-strongest start to a year on record and demonstrating strong market-driven demand for reliable, affordable domestic energy resources. 
    The industry’s growth is particularly strong in Republican-leaning states, where domestic manufacturing and energy production has created nearly 650,000 direct and indirect jobs and generates $3.4 billion in annual tax revenue and payments to landowners in rural communities. 
    “Clean power is shovel-ready at scale. With unprecedented demand growth for electricity, we must send consistent investment signals across the energy sector,” said ACP CEO Jason Grumet. “We have the technology, investment capital, and workforce required to build the $300+ billion of clean energy projects in our development pipeline. The greatest threat to a reliable energy system is an unreliable political system.”   
    Key Highlights 

    Total Installed Capacity: U.S. clean power capacity reached 320+ GW in Q1 2025, enough to power nearly 80 million American homes. 

    Strong Q1 Installations: 7.4 GW of new capacity came online, making it the second-strongest Q1 on record. The 115 project phases that came online in Q1 total $10 billion of private investment into the U.S. energy infrastructure.  

    Record-Breaking Storage Growth: Battery storage capacity surpassed 30 GW nationwide, representing a 65% increase year-over-year, with Q1 2025 setting a new first-quarter record at 1,602 MW. 

    Robust Project Pipeline: The development pipeline grew 12% year-over-year to reach 184,418 MW, with storage and wind pipelines growing 57% and 24% respectively. This represents $328 billion in project investment if everything in the pipeline is built. (Projects under construction or in advance stages of development (pipeline) are typically fully permitted projects. The growth of the pipeline does not signal any advances in the volume of projects receiving permits.)   

    Technology Mix: Q1 additions included 4,459 MW of utility-scale solar, 1,602 MW of storage, and 1,327 MW of land-based wind. 

    Leading States:  

    Eight of the top ten states for Q1 clean power additions voted Republican in the 2024 presidential election. 

    Texas leads the nation in clean power, with a portfolio reaching 80+ GW—a 20% increase from Q1 2024—and ranks first in utility-scale solar (28 GW) and land-based wind (43 GW) capacity. 

    Indiana quadrupled its energy storage capacity in just one quarter, while adding 435 MW of new solar capacity. 

    Powering America’s Economic Growth 
    With utility-scale clean power now exceeding 320 GW nationwide—enough to power nearly 80 million American homes—the data shows how rapidly private companies are responding to increasing power demands from manufacturing expansion, data centers, and AI development. 
    Texas, the nation’s energy leader, saw its clean power portfolio grow more than 20% since Q1 2024 to surpass 80 GW. The massive investment into clean power in the Lone Star State generates $1.3 billion annually in local tax revenue and land-lease payments and helps fuel the 125,000 direct, indirect, and induced jobs created by the industry for Texans. 
    Strengthening Grid Reliability 
    Battery storage achieved its strongest Q1 on record with 1.6 GW installed, pushing total U.S. storage capacity above 30 GW—a 65% increase from Q1 2024. This rapid deployment of energy storage strengthens grid reliability, providing critical backup power for American businesses and homes.  
    Growing Pipeline Signals Confidence 
    The clean power development pipeline grew 12% year-over-year to reach 184 GW, signaling continued job creation and private investment across America. The year-over-year increase was driven primarily by storage and wind: the storage pipeline grew 57% year-over-year to near 50 GW, and the land-based wind pipeline increased by 24% to 28 GW. These market-driven investments reflect growing demand for reliable, affordable domestic energy from utilities and major American companies. 
    A public version of the report is available on the ACP website, with the full report and underlying datasets available exclusively to ACP members. 

    MIL OSI Economics –

    May 30, 2025

  • MIL-OSI Global: Beyond the backlash: What evidence shows about the economic impact of DEI

    Source: The Conversation – USA – By Rodney Coates, Professor of Critical Race and Ethnic Studies, Miami University

    DEI has a long history. Nora Carol Photography via Getty Images

    Few issues in the U.S. today are as controversial as diversity, equity and inclusion – commonly referred to as DEI.

    Although the term didn’t come into common usage until the 21st century, DEI is best understood as the latest stage in a long American project. Its egalitarian principles are seen in America’s founding documents, and its roots lie in landmark 20th-century efforts such as the 1964 Civil Rights Act and affirmative action policies, as well as movements for racial justice, gender equity, disability rights, veterans and immigrants.

    These movements sought to expand who gets to participate in economic, educational and civic life. DEI programs, in many ways, are their legacy.

    Critics argue that DEI is antidemocratic, that it fosters ideological conformity and that it leads to discriminatory initiatives, which they say disadvantage white people and undermine meritocracy. Those defending DEI argue just the opposite: that it encourages critical thinking and promotes democracy − and that attacks on DEI amount to a retreat from long-standing civil rights law.

    Yet missing from much of the debate is a crucial question: What are the tangible costs and benefits of DEI? Who benefits, who doesn’t, and what are the broader effects on society and the economy?

    As a sociologist, I believe any productive conversation about DEI should be rooted in evidence, not ideology. So let’s look at the research.

    Who gains from DEI?

    In the corporate world, DEI initiatives are intended to promote diversity, and research consistently shows that diversity is good for business. Companies with more diverse teams tend to perform better across several key metrics, including revenue, profitability and worker satisfaction.

    Businesses with diverse workforces also have an edge in innovation, recruitment and competitiveness, research shows. The general trend holds for many types of diversity, including age, race and ethnicity, and gender.

    A focus on diversity can also offer profit opportunities for businesses seeking new markets. Two-thirds of American consumers consider diversity when making their shopping choices, a 2021 survey found. So-called “inclusive consumers” tend to be female, younger and more ethnically and racially diverse. Ignoring their values can be costly: When Target backed away from its DEI efforts, the resulting backlash contributed to a sales decline.

    But DEI goes beyond corporate policy. At its core, it’s about expanding access to opportunities for groups historically excluded from full participation in American life. From this broader perspective, many 20th-century reforms can be seen as part of the DEI arc.

    Consider higher education. Many elite U.S. universities refused to admit women until well into the 1960s and 1970s. Columbia, the last Ivy League university to go co-ed, started admitting women in 1982. Since the advent of affirmative action, women haven’t just closed the gender gap in higher education – they outpace men in college completion across all racial groups. DEI policies have particularly benefited women, especially white women, by expanding workforce access.

    Many Ivy League universities didn’t admit women until surprisingly recently.

    Similarly, the push to desegregate American universities was followed by an explosion in the number of Black college students – a number that has increased by 125% since the 1970s, twice the national rate. With college gates open to more people than ever, overall enrollment at U.S. colleges has quadrupled since 1965. While there are many reasons for this, expanding opportunity no doubt plays a role. And a better-educated population has had significant implications for productivity and economic growth.

    The 1965 Immigration Act also exemplifies DEI’s impact. It abolished racial and national quotas, enabling the immigration of more diverse populations, including from Asia, Africa, southern and eastern Europe and Latin America. Many of these immigrants were highly educated, and their presence has boosted U.S. productivity and innovation.

    Ultimately, the U.S. economy is more profitable and productive as a result of immigrants.

    What does DEI cost?

    While DEI generates returns for many businesses and institutions, it does come with costs. In 2020, corporate America spent an estimated US$7.5 billion on DEI programs. And in 2023, the federal government spent more than $100 million on DEI, including $38.7 million by the Department of Health and Human Services and another $86.5 million by the Department of Defense.

    The government will no doubt be spending less on DEI in 2025. One of President Donald Trump’s first acts in his second term was to sign an executive order banning DEI practices in federal agencies – one of several anti-DEI executive orders currently facing legal challenges. More than 30 states have also introduced or enacted bills to limit or entirely restrict DEI in recent years. Central to many of these policies is the belief that diversity lowers standards, replacing meritocracy with mediocrity.

    But a large body of research disputes this claim. For example, a 2023 McKinsey & Company report found that companies with higher levels of gender and ethnic diversity will likely financially outperform those with the least diversity by at least 39%. Similarly, concerns that DEI in science and technology education leads to lowering standards aren’t backed up by scholarship. Instead, scholars are increasingly pointing out that disparities in performance are linked to built-in biases in courses themselves.

    That said, legal concerns about DEI are rising. The Equal Employment Opportunity Commission and Department of Justice have recently warned employers that some DEI programs may violate Title VII of the Civil Rights Act of 1964. Anecdotal evidence suggests that reverse discrimination claims, particularly from white men, are increasing, and legal experts expect the Supreme Court to lower the burden of proof needed by complainants for such cases.

    The issue remains legally unsettled. But while the cases work their way through the courts, women and people of color will continue to shoulder much of the unpaid volunteer work that powers corporate DEI initiatives. This pattern raises important equity concerns within DEI itself.

    What lies ahead for DEI?

    People’s fears of DEI are partly rooted in demographic anxiety. Since the U.S. Census Bureau projected in 2008 that non-Hispanic white people would become a minority in the U.S by the year 2042, nationwide news coverage has amplified white fears of displacement.

    Research indicates many white men experience this change as a crisis of identity and masculinity, particularly amid economic shifts such as the decline of blue-collar work. This perception aligns with research showing that white Americans are more likely to believe DEI policies disadvantage white men than white women.

    At the same time, in spite of DEI initiatives, women and people of color are most likely to be underemployed and living in poverty regardless of how much education they attain. The gender wage gap remains stark: In 2023, women working full time earned a median weekly salary of $1,005 compared with $1,202 for men − just 83.6% of what men earned. Over a 40-year career, that adds up to hundreds of thousands of dollars in lost earnings. For Black and Latina women, the disparities are even worse, with one source estimating lifetime losses at $976,800 and $1.2 million, respectively.

    Racism, too, carries an economic toll. A 2020 analysis from Citi found that systemic racism has cost the U.S. economy $16 trillion since 2000. The same analysis found that addressing these disparities could have boosted Black wages by $2.7 trillion, added up to $113 billion in lifetime earnings through higher college enrollment, and generated $13 trillion in business revenue, creating 6.1 million jobs annually.

    In a moment of backlash and uncertainty, I believe DEI remains a vital if imperfect tool in the American experiment of inclusion. Rather than abandon it, the challenge now, from my perspective, is how to refine it: grounding efforts not in slogans or fear, but in fairness and evidence.

    Rodney Coates 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. Beyond the backlash: What evidence shows about the economic impact of DEI – https://theconversation.com/beyond-the-backlash-what-evidence-shows-about-the-economic-impact-of-dei-252143

    MIL OSI – Global Reports –

    May 30, 2025

  • MIL-OSI Global: Weaponized storytelling: How AI is helping researchers sniff out disinformation campaigns

    Source: The Conversation – USA – By Mark Finlayson, Associate Professor of Computer Science, Florida International University

    The human proclivity for storytelling makes disinformation difficult to combat. Westend61 via Getty Images

    It is not often that cold, hard facts determine what people care most about and what they believe. Instead, it is the power and familiarity of a well-told story that reigns supreme. Whether it’s a heartfelt anecdote, a personal testimony or a meme echoing familiar cultural narratives, stories tend to stick with us, move us and shape our beliefs.

    This characteristic of storytelling is precisely what can make it so dangerous when wielded by the wrong hands. For decades, foreign adversaries have used narrative tactics in efforts to manipulate public opinion in the United States. Social media platforms have brought new complexity and amplification to these campaigns. The phenomenon garnered ample public scrutiny after evidence emerged of Russian entities exerting influence over election-related material on Facebook in the lead-up to the 2016 election.

    While artificial intelligence is exacerbating the problem, it is at the same time becoming one of the most powerful defenses against such manipulations. Researchers have been using machine learning techniques to analyze disinformation content.

    At the Cognition, Narrative and Culture Lab at Florida International University, we are building AI tools to help detect disinformation campaigns that employ tools of narrative persuasion. We are training AI to go beyond surface-level language analysis to understand narrative structures, trace personas and timelines and decode cultural references.

    Disinformation vs. misinformation

    In July 2024, the Department of Justice disrupted a Kremlin-backed operation that used nearly a thousand fake social media accounts to spread false narratives. These weren’t isolated incidents. They were part of an organized campaign, powered in part by AI.

    Disinformation differs crucially from misinformation. While misinformation is simply false or inaccurate information – getting facts wrong – disinformation is intentionally fabricated and shared specifically to mislead and manipulate. A recent illustration of this came in October 2024, when a video purporting to show a Pennsylvania election worker tearing up mail-in ballots marked for Donald Trump swept platforms such as X and Facebook.

    Within days, the FBI traced the clip to a Russian influence outfit, but not before it racked up millions of views. This example vividly demonstrates how foreign influence campaigns artificially manufacture and amplify fabricated stories to manipulate U.S. politics and stoke divisions among Americans.

    Humans are wired to process the world through stories. From childhood, we grow up hearing stories, telling them and using them to make sense of complex information. Narratives don’t just help people remember – they help us feel. They foster emotional connections and shape our interpretations of social and political events.

    Stories have profound effects on human beliefs and behavior.

    This makes them especially powerful tools for persuasion – and, consequently, for spreading disinformation. A compelling narrative can override skepticism and sway opinion more effectively than a flood of statistics. For example, a story about rescuing a sea turtle with a plastic straw in its nose often does more to raise concern about plastic pollution than volumes of environmental data.

    Usernames, cultural context and narrative time

    Using AI tools to piece together a picture of the narrator of a story, the timeline for how they tell it and cultural details specific to where the story takes place can help identify when a story doesn’t add up.

    Narratives are not confined to the content users share – they also extend to the personas users construct to tell them. Even a social media handle can carry persuasive signals. We have developed a system that analyzes usernames to infer demographic and identity traits such as name, gender, location, sentiment and even personality, when such cues are embedded in the handle. This work, presented in 2024 at the International Conference on Web and Social Media, highlights how even a brief string of characters can signal how users want to be perceived by their audience.

    For example, a user attempting to appear as a credible journalist might choose a handle like @JamesBurnsNYT rather than something more casual like @JimB_NYC. Both may suggest a male user from New York, but one carries the weight of institutional credibility. Disinformation campaigns often exploit these perceptions by crafting handles that mimic authentic voices or affiliations.

    Although a handle alone cannot confirm whether an account is genuine, it plays an important role in assessing overall authenticity. By interpreting usernames as part of the broader narrative an account presents, AI systems can better evaluate whether an identity is manufactured to gain trust, blend into a target community or amplify persuasive content. This kind of semantic interpretation contributes to a more holistic approach to disinformation detection – one that considers not just what is said but who appears to be saying it and why.

    Also, stories don’t always unfold chronologically. A social media thread might open with a shocking event, flash back to earlier moments and skip over key details in between.

    Humans handle this effortlessly – we’re used to fragmented storytelling. But for AI, determining a sequence of events based on a narrative account remains a major challenge.

    Our lab is also developing methods for timeline extraction, teaching AI to identify events, understand their sequence and map how they relate to one another, even when a story is told in nonlinear fashion.

    Objects and symbols often carry different meanings in different cultures, and without cultural awareness, AI systems risk misinterpreting the narratives they analyze. Foreign adversaries can exploit cultural nuances to craft messages that resonate more deeply with specific audiences, enhancing the persuasive power of disinformation.

    Consider the following sentence: “The woman in the white dress was filled with joy.” In a Western context, the phrase evokes a happy image. But in parts of Asia, where white symbolizes mourning or death, it could feel unsettling or even offensive.

    In order to use AI to detect disinformation that weaponizes symbols, sentiments and storytelling within targeted communities, it’s critical to give AI this sort of cultural literacy. In our research, we’ve found that training AI on diverse cultural narratives improves its sensitivity to such distinctions.

    Who benefits from narrative-aware AI?

    Narrative-aware AI tools can help intelligence analysts quickly identify orchestrated influence campaigns or emotionally charged storylines that are spreading unusually fast. They might use AI tools to process large volumes of social media posts in order to map persuasive narrative arcs, identify near-identical storylines and flag coordinated timing of social media activity. Intelligence services could then use countermeasures in real time.

    In addition, crisis-response agencies could swiftly identify harmful narratives, such as false emergency claims during natural disasters. Social media platforms could use these tools to efficiently route high-risk content for human review without unnecessary censorship. Researchers and educators could also benefit by tracking how a story evolves across communities, making narrative analysis more rigorous and shareable.

    Ordinary users can also benefit from these technologies. The AI tools could flag social media posts in real time as possible disinformation, allowing readers to be skeptical of suspect stories, thus counteracting falsehoods before they take root.

    As AI takes on a greater role in monitoring and interpreting online content, its ability to understand storytelling beyond just traditional semantic analysis has become essential. To this end, we are building systems to uncover hidden patterns, decode cultural signals and trace narrative timelines to reveal how disinformation takes hold.

    Mark Finlayson receives funding from US Department of Defense and the US National Science Foundation for his work on narrative understanding and influence operations in the military context.

    Azwad Anjum Islam receives funding from Defense Advanced Research Projects Agency (DARPA).

    – ref. Weaponized storytelling: How AI is helping researchers sniff out disinformation campaigns – https://theconversation.com/weaponized-storytelling-how-ai-is-helping-researchers-sniff-out-disinformation-campaigns-251349

    MIL OSI – Global Reports –

    May 30, 2025

  • India’s first homegrown semiconductor chip to launch by end of 2025: Ashwini Vaishnaw

    Source: Government of India

    Source: Government of India (4)

    Minister of Electronics and Information Technology, Ashwini Vaishnaw, on Thursday announced that the first Made-in-India semiconductor chip of 28-90 nm technology is set to be rolled out this year.

    Addressing the CII Annual Business Summit here, the minister said, “We targeted a particular segment, which has 60 per cent of market volume, using a focused approach.”

    “Today, we have six units under construction. The first Made-in-India chip of 28-90 nm will roll out this year. We started manufacturing in 2022,” the minister added.

    In semiconductor manufacturing, smaller nanometer (nm) measurements signify more compact transistor designs, allowing manufacturers to fit more transistors onto a single chip. The 28-90 nm chip is used in automotive, telecom, power, and train applications.

    Underscoring the importance of the manufacturing sector, the Vaishnaw said, “Many top economists want us to focus on services. Manufacturing and services are both equally important for the next level of growth. We should increase our work wherever we get the opportunity. We should have our own IP, product, design, and standards.”

    He also highlighted the positive changes happening due to Artificial Intelligence (AI). “We have experienced a big change due to AI, and it is here to stay,” Vaishnaw remarked.

    “What the internet did for the world, a similar phenomenon will be brought forth by AI. We should be prepared for that change regardless of industry or sector. AI will bring a humongous change in our society and industry,” the minister said.

    The minister emphasized the need to develop AI models trained on Indian culture, nuances, languages, and social norms. He added that one of the first such models is being developed by Sarvam.

    Vaishnaw also highlighted the achievements and growth of Indian Railways, of which he also holds charge as minister.

    “We have achieved a major milestone as we have become the second-largest cargo-carrying railway in the world, transporting 1,612 million tonnes of freight, overtaking the US and Russia,” he said.

    “Our passenger-carrying capacity has also increased substantially. We have reached a level where dreams are being fulfilled and goals are being achieved. We are moving in a steady direction in railways; more industries must join,” Vaishnaw added.

    Vaishnaw further said that the country’s experiment of bringing startups into the railway sector has proved very successful. “We are now bringing a new policy where we can test a new innovative idea and then scale it up based on the test results,” he added.

    IANS

    May 30, 2025

  • MIL-OSI Security: Defense News: U.S. Indo-Pacific Commander Travels to Malaysia

    Source: United States Navy

    KUALA LUMPUR, Malaysia — Adm. Samuel J. Paparo, commander of U.S. Indo-Pacific Command, visited Malaysia on May 28- 29, 2025, where he met with senior military and government officials, underscoring Malaysia’s importance to the U.S. as a partner and the U.S. commitment to Malaysia and the region.

    MIL Security OSI –

    May 30, 2025

  • MIL-OSI United Kingdom: Second UK-Maldives Strategic Dialogue 2025: joint communique

    Source: United Kingdom – Executive Government & Departments

    World news story

    Second UK-Maldives Strategic Dialogue 2025: joint communique

    The UK and Maldives held a second Strategic Dialogue on 28 May 2025 in Malé, Maldives, where they reaffirmed their commitment to strengthening bilateral ties.

    The Second Strategic Dialogue between the Republic of Maldives and the United Kingdom (UK) at the Senior Officials level was held on 28 May 2025 in Malé, Maldives.

    Building on the outcomes of the inaugural Strategic Dialogue in 2023, both sides reaffirmed their commitment to deepening the Maldives-UK partnership through structured and regular engagement. Discussions focused on key thematic areas including economic and trade cooperation, security and defence collaboration, governance, human rights and the rule of law, higher education, visas and immigration, environment and climate change, and regional and multilateral co-operation.

    Acknowledging the importance of enhancing economic links to elevate the bilateral partnership, the Maldives and the UK reviewed progress on trade and investment since the first Dialogue and reaffirmed their commitment to strengthen bilateral economic ties. Both sides celebrated the growing trade and investment relationship and discussed further avenues to advance collaboration in fisheries, tourism, renewable energy and financial services. Cooperation on customs matters were discussed to facilitate trade.

    The UK and the Maldives reiterated their shared commitment towards maintaining regional security, countering terrorism, violent extremism as well as serious and organised crime. The UK reaffirmed its support for capacity-building initiatives, including technical assistance and joint exercises in policing, defence, and maritime security.

    Both sides reviewed UK support to governance, criminal justice reform and judicial independence in the Maldives. The UK reiterated its commitment to continue supporting the Maldives in its endeavours to consolidate democratic governance and strengthen human rights, and, welcomed continued dialogue on shared values.

    The Maldives and the UK reaffirmed the importance of educational exchange and agreed to explore increasing opportunities for higher education through Chevening and Commonwealth scholarships. Recognising the increasing number of Maldivian students travelling to the UK for higher education, the Maldives raised visa and immigration matters, and both sides agreed to continue discussions to facilitate smoother processes for visa issuance.

    Both countries recognised the importance of people-to-people exchanges in promoting mutual understanding between the 2 countries. They recognised the increasing numbers of visitor arrivals from the UK to the Maldives, and agreed to explore opportunities to strengthen collaboration at local levels, promote cultural co-operation, and conduct friendly exchanges between the 2 countries.

    The UK and the Maldives discussed ongoing collaboration under the Ocean Country Partnership Programme and agreed to strengthen co-operation in marine conservation and climate resilience. Opportunities to co-operate in multilateral climate fora including the forthcoming COP30 were discussed and the key role that Maldives plays amongst Small Island Developing States (SIDS) and the Alliance of Small Island States (AOSIS) was recognised.

    The Maldives and the UK exchanged views on regional developments and multilateral co-operation, including within the United Nations and the Commonwealth. Both sides reaffirmed their commitment to leverage international support towards global issues impacting SIDS.

    The Second Strategic Dialogue was convened in a hybrid format. The Dialogue was co-chaired for Maldives by Dr Hala Hameed, Secretary at the Ministry of Foreign Affairs and for the UK by Ben Mellor, Director, India and Indian Ocean Directorate at the Foreign, Commonwealth and Development Office with delegations comprised of senior officials from both governments. The Dialogue concluded with a shared commitment to continue the Strategic Dialogue on an annual basis and to explore other opportunities to support a continued deepening of the bilateral relationship.

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    Published 29 May 2025

    MIL OSI United Kingdom –

    May 30, 2025

  • Deep depression over Bay of Bengal to bring heavy rainfall; monsoon advances further into eastern India

    Source: Government of India

    Source: Government of India (4)

    A deep depression over the northwest Bay of Bengal is set to cross the coasts of West Bengal and Bangladesh between Sagar Island and Khepupara (Bangladesh) by Thursday afternoon, the India Meteorological Department (IMD) said. Under its influence, heavy to extremely heavy rainfall is expected across the Northeastern states, Sub-Himalayan West Bengal, and Sikkim until May 31.

    The IMD has also warned of isolated exceptionally heavy rainfall exceeding 30 cm over parts of Meghalaya on May 29 and 30, as the system moves inland.

    In southern India, heavy to extremely heavy rainfall is likely to continue over Goa, Karnataka, Kerala, and the ghat areas of Tamil Nadu on May 29 and 30, with a gradual reduction expected thereafter.

    Meanwhile, rainfall activity accompanied by thunderstorms and gusty winds is also expected over northwest India over the next four to five days, driven by the influence of multiple western disturbances currently affecting the region.

    Monsoon Advances Further

    The southwest monsoon made significant progress on Thursday, advancing into more parts of Chhattisgarh, Odisha, the North Bay of Bengal, the remaining Northeastern states, and parts of Sub-Himalayan West Bengal and Sikkim, the IMD confirmed.

    Conditions remain favourable for the monsoon to further advance into additional parts of West Bengal and Bihar over the next 1–2 days.

    Rainfall and Weather Observed in Last 24 Hours

    During the past 24 hours, heavy to very heavy rainfall was reported at isolated places over Konkan & Goa, Tamil Nadu, Puducherry & Karaikal, Kerala & Mahe, and Coastal and South Interior Karnataka.

    Heavy rainfall was also recorded over parts of Assam, Meghalaya, Nagaland, Manipur, Mizoram, Tripura, Sub-Himalayan West Bengal & Sikkim, Odisha, Madhya Maharashtra, Marathwada, Telangana, and eastern parts of Madhya Pradesh and Vidarbha.

    Thunderstorms accompanied by squally to gusty winds (ranging between 40–80 kmph) were observed in parts of Tamil Nadu, Assam, Meghalaya, East Uttar Pradesh, Himachal Pradesh, Andaman & Nicobar Islands, Uttarakhand, Gangetic West Bengal, Haryana, West Uttar Pradesh, Mizoram, Odisha, Jharkhand, Punjab, and other adjoining regions.

    In addition, hailstorms were reported from isolated parts of Himachal Pradesh, while dust storms occurred in parts of West Rajasthan.

    The IMD has advised citizens, especially in vulnerable regions, to stay alert and follow local advisories as intense rainfall and gusty winds may lead to localised flooding, landslides, and travel disruptions.

    May 30, 2025

  • MIL-OSI Russia: Kazakhstan airline SCAT to launch Xi’an-Shymkent flight

    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, May 29 (Xinhua) — Kazakhstan’s SCAT airline will launch a Xi’an-Shymkent flight in July this year, the Xi’an Ribao (Xi’an daily) newspaper reported.

    The new flight will connect Xi’an and Shymkent starting July 3, bringing the number of air routes between Xi’an and Central Asian cities to eight, the Xi’an Xianyang International Airport Administration said at a presentation on Wednesday.

    Flights on this route will be operated twice a week, on Thursdays and Sundays.

    Shymkent, one of three cities of national significance in Kazakhstan, maintains close trade and economic contacts with the city of Xi’an, which is the administrative center of Shaanxi Province in northwest China.

    Currently, there are 54 international and regional air routes from Xianyang Airport. -0-

    MIL OSI Russia News –

    May 30, 2025

  • MIL-OSI: ARB IOT Group Limited Announces 1-for-15 Reverse Share Split

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, May 29, 2025 (GLOBE NEWSWIRE) — ARB IOT Group Limited (Nasdaq: ARBB, the “Company” or “ARB IOT”), today announced that the shareholders and the board of directors of the Company approved a one-for-fifteen reverse share split of the Company’s issued and unissued ordinary shares (the “Ordinary Shares”). Beginning June 2, 2025, the Company’s Ordinary Shares will be trading on a split-adjusted basis under the same symbol “ARBB” but with a new CUSIP number, G0447T118, and a new par value of $0.0015 per share.

    As a result of the reverse share split, each fifteen Ordinary Shares outstanding will automatically combine and convert to one issued and outstanding Ordinary Share without any action on the part of shareholders who hold their shares in brokerage accounts or “street name.” Shareholders holding certificates of Ordinary Shares are expected to receive instructions from the Company’s transfer agent, Vstock Transfer, LLC, regarding procedures for exchanging share certificates. All outstanding warrants to purchase the Company’s Ordinary Shares will be adjusted proportionately as a result of the reverse share split. No fractional shares will be issued as a result of the reverse share split, and instead, all such fractional shares resulting from the reverse share split will be rounded up to the nearest whole share.

    The reverse share split is intended to increase the per share trading price of the Ordinary Shares to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ Stock Market. Following the reverse share split, the Company will have approximately 1,765,276 Ordinary Shares issued and outstanding, exclusive of shares issuable under outstanding warrants, and the Company will have 33,333,333 authorized Ordinary Shares.

    About ARB IOT Group Limited

    ARB IOT Group Limited is a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment. We offer a wide range of IoT systems as well as providing customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works.

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further information, please contact:

    ARB IOT Group Limited

    Investor Relations Department

    Email: contact@arbiotgroup.com

    The MIL Network –

    May 30, 2025

  • MIL-OSI: Indonesia Energy Provides Update on Recently Completed Operations on the Citarum Block

    Source: GlobeNewswire (MIL-OSI)

    Geochemical survey completed confirming gas and oil presence in previous discoveries which will be the target of first well to be drilled by IEC at Citarum

    JAKARTA, INDONESIA AND DANVILLE, CA, May 29, 2025 (GLOBE NEWSWIRE) — Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced encouraging results from a regional geochemical survey conducted between September 2024 and March 2025 at IEC’s 195,000 acre Citarum Block which confirms the prospectivity of the key areas of this important asset.

    A detailed analysis of 135 soil samples taken from Citarum Block pursuant to an export license granted by the Indonesian government was performed by the Geochemical Exploration Services Company of Denver, Colorado. The conclusion of this detailed analysis confirmed the presence of hydrocarbons in the Pasundan-1 well, the Jatayu-1 well and the Jonggol area. IEC believes that these results significantly reduces the risk of hydrocarbon exploration and positively confirms the ultimate development and exploitation at the Citarum Block.

    This valuable analysis, when combined with all the previous data that IEC has on the Citarum Block, will potentially allow IEC to bypass the need to do any more seismic work on the block and allow IEC to move directly to the drilling phase.

    The Citarum Block operates under a “gross split” regime pursuant to IEC’s contract with the Indonesian government for this asset. The effect of this is that once Citarum commences production, IEC will be entitled to at least 65% of the natural gas produced. Another benefit for IEC is that the next well it drills at Citarum (which would represent IEC’s initial drilling at Citarum) will be considered an “exploitation” well, meaning IEC will have the right to produce and commercialize any oil and gas discovered from this well without delays which were previously anticipated.

    Mr. Frank Ingriselli, IEC’s President, commented “We are excited about the significant results from this geochemical operation on our Citarum Block which we believe could provide a shortcut to drill our first well at this important asset and immediately begin production without the need to conduct seismic or drill an exploration well. This will move us potentially closer to realizing the value from Citarum which has prospective oil-equivalent resources of over one billion barrels.”

    About Indonesia Energy Corporation Limited

    Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (195,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release, and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, the words “could,” “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without imitation those related to IEC’s future exploration and drilling plans at Citarum Block. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 29, 2025, and other filings with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Frank C. Ingriselli
    President, Indonesia Energy Corporation Limited
    Frank.Ingriselli@Indo-Energy.com

    The MIL Network –

    May 30, 2025

  • MIL-OSI: MoneyHero Group to Announce First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 29, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “ Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced that it will release its first quarter 2025 results on Friday, June 13, 2025 before market opens and will hold a related conference call to discuss the results at 8:00 a.m. EDT (or 8:00 p.m. Hong Kong / Singapore time) on the same day.

    Investors and other interested parties may listen to the call by clicking on the registration link for the webcast or audio conference at:

    Webcast: https://edge.media-server.com/mmc/p/q7ymzw9v
    Conference call: https://register-conf.media-server.com/register/BI715b6ae9a0fa497a9a90877eaad916ac

    The webcast replay will be available on the Investor Relations website for 12 months following the event.

    About MoneyHero Group

    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 290 commercial partner relationships as at December 31, 2024, and had approximately 6.2 million Monthly Unique Users across its platform for the three months ended December 31, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    For inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com 

    The MIL Network –

    May 30, 2025

  • MIL-OSI: Sagtec Accelerates AI Expansion with Proposed Acquisition of Agentic AI Software Company

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, May 29, 2025 (GLOBE NEWSWIRE) — Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, today announced that it has signed a term sheet for the proposed acquisition of Smart Bridge Technology Limited (“Smart Bridge”), a fast-growing agentic AI software Company. Under the terms of the proposal, Sagtec intends to acquire Smart Bridge at approximately 10 times the price-to-earnings (PE) ratio for consideration of US$17.6 million, subject to the execution of a definitive agreement and customary closing conditions.

    This proposed acquisition is set to transform Sagtec from a data systems provider into a full-spectrum AI technology leader, capable of delivering predictive, real-time intelligence to businesses across Asia. With Smart Bridge’s proven AI engine and high-margin software business, Sagtec positions itself at the intersection of AI innovation and real-world commercial application, unlocking a multi-billion-dollar total addressable market (TAM) in behavioral analytics, decision automation, and intelligent enterprise software.

    Sagtec currently supports thousands of F&B outlets and retailers through its industry-leading point-of-sale (POS) and backend platforms, generating vast volumes of structured consumer and transaction data. The acquisition of Smart Bridge will supercharge Sagtec’s ecosystem, enabling the Company to:

    • Deliver automated business intelligence to its F&B clients
    • Launch AI-driven menu optimization, upselling strategies, and supply forecasting
    • Detect and prevent revenue leakage via behavioral fraud analytics and anomaly detection
    • Enter new verticals including logistics, fintech, and hospitality with customizable AI modules

    With this proposed acquisition, Sagtec broadens its TAM beyond retail into high-growth sectors where predictive analytics and behavioral intelligence are crucial. Markets and Markets projects the global AI retail market will reach US$43 billion by 2032, International Data Corporation estimates the SME-focused AI software market will exceed US$25 billion, and Grand View Research forecasts the intelligent POS and behavioral analytics market to surpass US$65 billion. Together, these markets offer Sagtec significant opportunities to leverage Smart Bridge’s AI capabilities and expand into new, monetizable verticals.

    This initiative aligns with the rapid expansion of the Artificial Intelligence sector, driven by increasing digital adoption, growing enterprise awareness of AI’s transformative potential, and rising reliance on mobile platforms. Concurrently, demand for mobile-first, intelligent enterprise software is surging, reshaping how businesses compete and operate in an increasingly digital landscape.

    Smart Bridge has demonstrated strong financial and operational performance, reporting a net profit of US$2.1 million, showcasing the high efficiency and scalability of its AI-driven business model. The company continues to expand its growing client base across Asia, with its scalable AI engine successfully deployed in multiple high-volume environments, further validating the commercial viability and adaptability of its technology.

    “This acquisition accelerates Sagtec’s vision of becoming the AI-first enterprise platform of the future. We’re not just building tools, we’re engineering intelligence that empowers everyday operators to predict, optimize, and monetize every transaction. It marks a transformative chapter for Sagtec, where we move beyond facilitating business to fundamentally reshaping it, unlocking new revenue streams and driving smarter, data-driven growth across industries,” said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec.

    About Smart Bridge Technologies Limited

    Smart Bridge Technologies is a Malaysian-based AI and software development company providing agentic software, enterprise-grade IT solutions, and digital transformation services. The company specializes in AI-powered automation, systems integration, and tailored digital consulting.

    About Sagtec Global Limited

    Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.

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

    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 –

    May 30, 2025

  • MIL-OSI China: Relevant countries should stop ganging up and stirring up troubles in South China Sea: Defense Spokesperson 2025-05-29 “We urge the relevant countries to stop ganging up and stirring up troubles in the South China Sea, and stop harming regional peace and stability,” said a Chinese defense spokesperson at a press conference on Thursday.

    Source: People’s Republic of China – Ministry of National Defense 2

      BEIJING, May 29 — “We urge the relevant countries to stop ganging up and stirring up troubles in the South China Sea, and stop harming regional peace and stability,” said a Chinese defense spokesperson at a press conference on Thursday.

      It is reported that the coast guard and armed forces of the Philippines conducted a joint patrol with the US Coast Guard in waters off Palawan, and the Philippines reaffirmed its commitment to maritime security and the rules-based international order.

      When asked to comment on the joint patrol conducted by the Philippines and the US, Senior Colonel Zhang Xiaogang, spokesperson for China’s Ministry of National Defense, pointed out that the current situation in the South China Sea remains generally stable and there is no problem with the freedom of navigation and overflight entitled to all countries in accordance with the international law.

      He stressed that some countries provoke confrontation in the name of cooperation, flex muscles under the guise of freedom, and create chaos on the pretext of order. They have become the biggest source of risks that undermines peace and stability in the South China Sea.

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    MIL OSI China News –

    May 30, 2025

  • MIL-OSI Banking: RBI imposes monetary penalty on Kunbi Sahakari Bank Ltd., Mumbai, Maharashtra

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated May 27, 2025, imposed a monetary penalty of ₹2.50 lakh (Rupees Two Lakh Fifty Thousand only) on Kunbi Sahakari Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the specific directions issued by RBI under Supervisory Action Framework (SAF) and certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. sanctioned fresh loans and advances which were not backed by collateral security of term deposits / NSCs / KVPs / insurance policies and also breached the single exposure limit applicable for fresh loans and advances in certain instances, in non-adherence to directions under SAF, and

    2. failed to conduct periodic review of risk categorisation of accounts as per prescribed periodicity.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/431

    MIL OSI Global Banks –

    May 30, 2025

  • MIL-OSI Asia-Pac: Children’s commission meets

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki today chaired the 25th meeting of the Commission on Children.

    During the meeting, members were briefed by the Government on preparations for rolling out a mandatory reporting regime for child abuse cases.

    The Government said it is making preparations with relevant professions with a view to implementing the Mandatory Reporting of Child Abuse Ordinance next January.

    It added that a Child Protection Campaign comprising publicity, promotion, education and training activities has been launched to enhance understanding of the mandatory reporting regime by professionals and the general public, and to raise awareness about child protection.

    Mr Chan said that child protection is a long-term commitment that must be sustained to ensure that professionals remain vigilant at all times, whilst awareness of child protection is rooted in the hearts of the general public.

    Separately, the Education Bureau, the Home & Youth Affairs Bureau and the Social Welfare Department briefed members on parent education efforts by the Government and various measures aimed at supporting children’s growth and well-being.

    MIL OSI Asia Pacific News –

    May 30, 2025

  • MIL-OSI Asia-Pac: Hong Kong’s COVID-19 activity shows signs of decline from its peak but is expected to remain high in near term

    Source: Hong Kong Government special administrative region

    Hong Kong’s COVID-19 activity shows signs of decline from its peak but is expected to remain high in near term 
    According to the latest surveillance data (as of the week ending May 24), both the viral load of the SARS-CoV-2 virus from sewage surveillance and the test positivity rate of respiratory samples have begun to decline in the past week. Among them, the percentage of respiratory samples testing positive for the SARS-CoV-2 virus decreased from 13.80 per cent in the previous week (May 11 to 17) to 11.12 per cent. For sewage surveillance, the per capita viral load of SARS-CoV-2 virus decreased from around 770 000 copy/litre to 500 000 copy/litre during the same period. Besides, the consultation rate of COVID-19 cases at general out-patient clinics and sentinel private medical practitioner clinics also dropped.
     
         “COVID-19 has become an endemic disease with cyclical patterns. Epidemiological data from local and other regions around the world show that there are generally periodic upsurges in the COVID-19 activity level approximately every six to nine months. Hong Kong has experienced an upsurge in COVID-19 cases since April this year, more than half a year after the last increase in July and August of last year. The current active period is expected. Although the activity of COVID-19 has started to decline, with reference to previous data, we expect that it will remain at a relatively high level in the short term, and will take a month or two to gradually decline to a lower level,” said the Controller of the CHP, Dr Edwin Tsui.
     
         “Genetic analysis showed that XDV and its descendent lineages (mainly NB.1.8.1) have become the dominating variant strains in Hong Kong. The World Health Organization (WHO) recently assigned NB.1.8.1 as one of the “Variants under Monitoring”. The WHO suggested that the global public health risk posed by NB.1.8.1 was low. There is currently no evidence that NB.1.8.1 will cause more severe diseases than previously dominating variant strains (such as JN.1 and XBB as well as their descendent lineages). As XDV (including NB.1.8.1) is a JN.1-related variant, the COVID-19 vaccines currently used in Hong Kong can effectively prevent infection and severe disease,” Dr Tsui said.
     
    The CHP has recorded six severe paediatric cases (no fatal cases) related to COVID-19 so far this year. Among which, two have underlying illnesses and four have not received the initial dose of the COVID-19 vaccine. These cases showed that even children who have been in good past health may experience severe complications from COVID-19 infection.
     
         “Severe COVID-19 cases primarily affect the elderly and children, and those with underlying illnesses. Existing local and overseas scientific data has fully proved that the COVID-19 vaccine is effective in minimising the risk of severe disease or death after infection. Therefore, I remind members of the public who have not received the initial dose of the COVID-19 vaccine (including infants and children) to get vaccinated at appropriate times. Moreover, pregnant women getting the COVID-19 vaccine not only can reduce the risk of hospitalisation and death, the antibodies in their bodies can also be passed to the foetus and the breastfed babies through the umbilical cord or breast milk respectively, providing protection to infants aged below six months who cannot receive the COVID-19 vaccine. Those at high risk (particularly the elderly and persons with underlying illnesses), should receive a booster dose as soon as possible,” Dr Tsui added. 
     
    Apart from vaccination, the public should maintain stringent personal, environmental and hand hygiene at all times to minimise the risk of contracting COVID-19 and other respiratory infectious diseases. When respiratory symptoms appear, one should wear a surgical mask, consider avoiding going to work or school, avoid going to crowded places and seek medical advice promptly.
     
    For the latest surveillance data, members of the public can refer to the CHP’s weekly COVID-19 & Flu ExpressIssued at HKT 19:38

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 30, 2025

  • MIL-OSI: Lantronix to Showcase AI-Driven LM4 Out-of-Band Management Console Servers at Cisco Live San Diego

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., May 29, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that it will do live demos and daily giveaways of its LM4 AI-driven Out-of-Band Management (OOBM) platform at booth 3219 at Cisco Live held June 9–12, 2025, in San Diego.

    Lantronix, a Cisco Devnet Partner, has the most complete portfolio of out-of-band management console servers designed to reduce unscheduled network downtime for both traditional out-of-band access and automated management and recovery.

    Delivering “Out-of-Band Everywhere,” Lantronix’s LM4 is the industry’s first console server specifically designed, sized and priced for Intermediate Distribution Frames (IDFs) and compact environments such as ATMs, kiosks and network aggregation points. Engineered for healthcare, finance, utilities, telecommunications, government, retail and manufacturing, Lantronix’s LM4 delivers advanced automation, enterprise-grade compliance and cybersecurity capabilities, leveraging technology proven in military and financial networks.

    Serial console servers represented a nearly $400 million worldwide market, according to the Dell’Oro Group. AI data centers, co-location and GPU-as-a-Service represent the fastest-growing deployments for Lantronix, which reflects Dell’Oro’s forecast of data center capex to surpass $1 trillion by 2029.

    “At Cisco Live, we’re excited to showcase our innovative out-of-band solutions that empower our customers to utilize data-driven decision-making to make their networks more secure and reliable while automating routine tasks, enabling network admins to focus on other responsibilities,” said Todd Rychecky, general manager of Out-of-Band at Lantronix. “At Lantronix, we are devoted to producing groundbreaking solutions that help our customers be more efficient, secure and bottom-line focused.”

    Lantronix Speaking Session:

    • Session Title: “OOB Everywhere! How Advanced Console Servers Enhance Network Automation, Cybersecurity & Resilience”
    • Speaker: Eric Weiss, Product Line Director 
    • Date: Tuesday, June 10, 2025
    • Time: 2:30–2:40 p.m. PDT
    • Session Type: World of Solutions Session
    • Technology: Automation & Orchestration, Enterprise Architecture, Network Management
    • Track: Networking

    AI-Driven Out-of-Band Management Everywhere

    An advanced out-of-band management platform, the small yet powerful LM4 provides access, continuous monitoring and automated remediation of issues as well as control of network infrastructure devices. Operational whether the network is up or down, the expert system uses rules-based AI to recover and mitigate network infrastructure automatically, including reliable and secure access to remote gear during an outage. With up to four ports of serial console connections for directly managing gear plus support for up to 48 virtual ports, the LM4’s compact size and affordable price enables network managers to utilize out-of-band everywhere, including many locations previously considered too small and numerous for advanced out-of-band management.

    Running the powerful LMOS software, the LM4 brings the power of NOC-based software to the network’s edge to create a separate management plane in the rack with network infrastructure. With continuous monitoring and automated runbook responses, the LM4 can detect and solve issues before traditional NOC-based tools even know there is an issue. LMOS features a granular authorization model that integrates with existing access controls as well as automated change management functions, including the ability to store multiple config and OS files with local backups to enable automated rollback of failed config changes.

    Standardize on Lantronix LM-Series Solutions for Enterprise-Grade OOB Management

    The LM4 runs the same LMOS software as the LM83X and LM80 console servers, expanding the LM-Series console access options anywhere from 2–104 ports. The LM-Series is centrally managed by the Lantronix Control Center, which is available to run on-premises as a VM or hosted in the cloud. Lantronix’s LM-Series products allow customers to standardize their out-of-band management and deploy enterprise-grade functionality and AI-driven automation at all points in the network. The result is a more resilient network that’s easier to manage with fewer issues, reduced support truck rolls and stronger security and compliance.

    Lantronix is the go-to source for out-of-band innovations, providing a suite of reliable, secure and easy-to-deploy solutions, all supported by its exceptional service team. Easy to use, with resilient out-of-band access, onboard processing / storage and LMOS software, Lantronix’s LM-Series serial console servers are deployed in enterprises worldwide ranging from ultra-secure military and financial networks to downtime-intolerant networks in healthcare and energy.

    At Cisco Live, Lantronix will also feature:

    • LM83X, delivering AI-driven out-of-band management of 8–104 devices over serial console connections in a scalable and robust console server with dual power inputs. 
    • LM80, providing a fixed 8-port serial AI-driven out-of-band management solution that can automate a majority of routine IT maintenance and recovery tasks quickly and error-free.
    • Lantronix Control Center, a single pane of glass for managing all LM-Series devices for secure remote access as well as for automating management of each of the connected network infrastructure devices. It is a single source for Authorization-Authentication-Accounting (AAA) controls, creating monitoring and action rules without scripting, centrally archiving both monitored device operating system and configuration files and compliance reporting.
    • Additional Lantronix out-of-band management solutions, including its SLC8000 modular device console manager, EMG8500 edge management gateway, G520, IoT cellular gateways, X300 IoT Gateway solution and Percepxion™ IoT edge solutions management platform.

    About Lantronix
    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

    May 30, 2025

  • MIL-OSI: Alarum Technologies Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 2025 highlighted the growing traction of the company’s data collection solutions with leading AI and eCommerce players worldwide

    Company strategically accelerated investments in scalable infrastructure and next-gen technologies to meet the rising demand for AI-ready data and to future-proof its position among top-tier global companies

    First quarter 2025 revenue reached $7.1 million, in line with guidance, net profit was at $0.4 million and adjusted EBITDA exceeded guidance, reaching $1.3 million Cash and debt investments balance at quarter-end amounted to $24 million

    TEL AVIV, Israel, May 29, 2025 (GLOBE NEWSWIRE) — Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of web data collection solutions, today announced financial results for the three-month period ended March 31, 2025.

    “2025 began with strong momentum, as demand for scalable, high-quality data continues to accelerate, driven by the rapid growth of AI technologies and eCommerce platforms,” said Shachar Daniel, Chief Executive Officer of Alarum.

    “During the quarter, several of the world’s leading AI and eCommerce companies significantly expanded their usage of our platform, relying on our advanced proxy infrastructure, innovative data collector, and Website Unblocker, to power data collection, model training, and real-time access to public web data.”

    “In line with our long-term vision, we made a deliberate decision to increase investments in our infrastructure and products, aiming to meet the growing global demand for large-scale data solutions. While this impacted our gross margin, it reinforces our position as a foundational player in the AI data ecosystem,” Mr. Daniel added.

    “With discipline and vision, we are building the backbone of data access for the AI era. Our technology and collaborations with customers uniquely position us to deliver long-term value for our stakeholders as the market continues to evolve,” Mr. Daniel concluded.

    Market Trends, Recent Developments and Business Highlights

    • Expanded strategic partnerships with major AI and eCommerce players during the first quarter: Notable new collaborations include a top Asian marketplace, a global electronics brand, and a European AI firm, for large-scale data labeling and model fine-tuning with fresh public data.
    • Redefining industry trends and market dynamics: A new market is emerging around high-quality, scalable data infrastructure. As AI models require constant training and fine-tuning, Alarum is positioned to play a key role in shaping this space and powering the global AI transformation.
    • Advancing and investing in long-term strategy, supported by strong financials: Alarum continues to pursue its strategic decision to reinvest earnings into innovative products, scaling operations, expanding infrastructure, and strengthening its IP network. This positions the Company to meet rising demand from AI-driven customers and capture long-term value, while maintaining operational efficiency during this pivotal growth phase.
    • Powering data collection with Alarum’s enhanced offerings portfolio: Tech giants and startups rely on Alarum’s data collector, Website Unblocker, and proxy network to overcome data access barriers.
    • Entering 2025 with a strong momentum: NetNut Net Retention Rate (“NRR”)1 reached 1.13 as of March 31, 2025, in yet another consecutive quarter of achieving an NRR well above 1. With its data collection offering, the Company is well-positioned amid a shifting landscape, and early results from its strategic investments and pipeline visibility support the positive outlook for the second quarter of 2025.

    ______________________

    1 See definition under “Other Metrics”.

    Summary of Financial Results2
    (in millions of U.S. dollars, rounded, except per share amounts and margins)
        For the
    Three Months Ended
    March 31,    		   For the
    Year Ended
    December 31,
        2025   2024   2024
        (Unaudited)   (Unaudited)   (Audited)
                 
    Total Revenue   7.1   8.4   31.8
    of which, Web Data Collection Revenue was   7.0   8.1   30.9
    Gross profit   4.8   6.6   23.9
    Gross margin (in percentage)   67.5%   78.5%   75.1%
    Non-IFRS gross margin (in percentage)   69.4%   80.4%   77.0%
    Total operating expenses   4.5   4.0   17.2
    Financial income (expense), net   0.2   (0.9)   0.3
    Tax expense   0.1   0.3   1.2
    Net profit   0.4   1.4   5.8
    Adjusted EBITDA   1.3   3.2   9.4
    Basic earnings per American Depository Share (“ADS”)
    (in U.S. dollars)    		   $0.06   $0.23   $0.87
    Non-IFRS basic earnings per ADS (in U.S. dollars)   $0.16   $0.45   $1.26
    Cash, cash equivalents and debt investments
    (including accrued interest)3    		   24.0   15.1   25.0
    Shareholders’ equity2   27.6   17.1   26.4
                 

    First Quarter 2025 Financial Analysis

    • Revenue in Q1 2025 totalled $7.1 million (Q1 2024: $8.4 million). The 15% year-over-year change reflects market dynamics that affected the demand from certain customers since mid-2024.  
    • Cost of revenue in Q1 2025 was $2.3 million (Q1 2024: $1.8 million). The increase is mainly due to the investment in the Company’s IP network, specifically in infrastructure and servers, aligning with its strategic decision to boost its expansion capabilities.
    • As a result, Gross profit in Q1 2025 amounted to $4.8 million (Q1 2024: $6.6 million).
    • Operating expenses in Q1 2025 totalled $4.5 million (Q1 2024: $4.0 million). The difference was driven mainly by the increase in research and development salaries and share based payments costs.
    • Financial income, net, in Q1 2025 was $0.2 million (Q1 2024: financial expense, net, of $0.9 million). This shift was mainly due to the fair value decrease of derivative financial instruments (warrants issued in 2019-2020), resulting from the share price changes during the measured periods.  
    • Net profit in Q1 2025 reached $0.4 (Q1 2024: $1.4 million).
    • As of March 31, 2025, shareholders’ equity increased to $27.6 million, up from $26.4 million as of December 31, 2024. The increase was driven by the quarterly net profit.
    • Outstanding ordinary share count as of March 31, 2025, was approximately 69.3 million shares, or 6.9 million in ADSs.

    ______________________

    1 See definition under “Other Metrics”.
    2 The table below contains certain non-IFRS financial measures. See “Use of Non-IFRS Financial Results” for additional information regarding these measures and reconciliations to the most comparable IFRS measures.
    3 As of the last day of the period.

    Financial Outlook

    “First quarter revenues were in line with guidance, whilst Adjusted EBITDA exceeded expectations, surpassing our outlook,” said Mr. Shai Avnit, Chief Financial Officer of Alarum.

    “Alarum has entered the second quarter of 2025 with solid momentum and demand. Accordingly, second quarter 2025 revenues are estimated at $7.9 million ±3%, and Adjusted EBITDA for the second quarter 2025 is expected to range from $0.5 million to $0.8 million. We remain attentive to market dynamics as the AI market reshapes and are actively optimizing our network infrastructure and product delivery, with a clear roadmap to drive efficiency, maintain high margins, and deliver long-term value to our stakeholders,” Mr. Avnit concluded.

    We are unable to present a reconciliation of our estimated Adjusted EBITDA to net profit as we are unable to predict with reasonable certainty, and without unreasonable effort, the impact and timing of certain expenses on our net profit. The financial impact of these expenses is uncertain and is dependent on various factors, including timing, and could be material to our consolidated statements of profit or loss and other comprehensive income (loss).

    First Quarter 2025 Financial Results Conference Call

    Mr. Shachar Daniel, Chief Executive Officer of Alarum, and Mr. Shai Avnit, Chief Financial Officer of Alarum, will host a conference call today, May 29, 2025, at 8:30 a.m. ET, 5:30 a.m. Pacific time, 3:30 p.m. Israel, to discuss the first quarter of 2025 results and the second quarter 2025 outlook, followed by a Q&A session.

    To attend, log in here or dial one of the following numbers, at least five minutes before the call starts: 1-877-407-0789 or 1-201-689-8562. If you are unable to connect using the toll-free number, please try the international dial-in number. An Israeli toll-free number is: 1 809 406 247. Participants will be required to state their name and company upon dialling in. 

    Replay: The conference call will be broadcast live and available for replay here, after 11:30 a.m. ET on May 29, 2025.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Alarum is using forward-looking statements in this press release when it discusses that the demand for scalable, high-quality data continues to accelerate, driven by the rapid growth of AI technologies and eCommerce platforms; the Company’s focus and strategic; that its technology and collaborations with customers uniquely position it to deliver long-term value for its stakeholders as the market continues to evolve; emergence of a new market around high-quality, scalable data infrastructure; that early results from its strategic investments; pipeline visibility support the positive outlook for the second quarter of 2025; and its estimates regarding second quarter 2025 revenues and Adjusted EBITDA. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Alarum is not responsible for the contents of third-party websites.

     Condensed Consolidated Statements of Financial Position
     (in thousands of U.S. dollars)
        March 31,   December 31,
        2025   2024     2024
        (Unaudited)   (Audited)
    Assets            
    Current assets:            
    Cash and cash equivalents   13,952     15,060     15,081  
    Trade receivables, net   3,789     2,945     3,231  
    Other receivables   698     1,449     503  
        18,439     19,454     18,815  
                 
    Non-current assets:            
    Long-term deposits   119     104     121  
    Other non-current assets   85     119     85  
    Property and equipment, net   134     110     130  
    Right-of-use assets   429     709     498  
    Deferred tax assets   497     244     422  
    Debt investments at fair value through other comprehensive income   9,331     –     9,256  
    Debt investments at fair value through profit or loss   564     –     555  
    Intangible assets, net   677     1,225     811  
    Goodwill   4,118     4,118     4,118  
    Total non-current assets   15,954     6,629     15,996  
    Total assets   34,393     26,083     34,811  
                 
    Liabilities and equity            
    Current liabilities:            
    Trade payables   373     416     251  
    Other payables   2,815     3,056     4,484  
    Current maturities of long-term loan   965     353     938  
    Contract liabilities   2,072     2,728     1,987  
    Derivative financial instruments   1     952     148  
    Short-term lease liabilities   362     365     359  
    Total current liabilities   6,588     7,870     8,167  
                 
    Non-current liabilities:            
    Long-term lease liabilities   186     462     261  
    Long-term loans, net of current maturities   –     691     32  
    Total non-current liabilities   186     1,153     293  
    Total liabilities   6,774     9,023     8,460  
                 
    Equity:            
    Ordinary shares   –     –     –  
    Share premium   112,059     104,097     111,892  
    Other equity reserves   11,705     13,856     11,012  
    Accumulated deficit   (96,145 )   (100,893 )   (96,553 )
    Total equity   27,619     17,060     26,351  
    Total liabilities and equity   34,393     26,083     34,811  
    Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss)
    (in thousands of U.S. dollars, except per share amounts)
      For the
    Three Months Ended
    March 31,    		   For the
    Year Ended
    December 31,
      2025   2024   2024
      (Unaudited)   (Unaudited)   (Audited)
               
    Revenue 7,133   8,376   31,824
    Cost of revenue 2,318   1,803   7,915
    Gross profit 4,815   6,573   23,909
           
    Operating expenses:      
    Research and development 1,370   1,022   4,495
    Sales and marketing 1,827   1,725   7,033
    General and administrative 1,285   1,240   5,661
    Total operating expenses 4,482   3,987   17,189
           
    Operating profit 333   2,586   6,720
           
    Financial income (expense), net 212   (848)   281
    Profit from operations before income tax 545   1,738   7,001
    Tax expense (137)   (298)   (1,221)
    Net profit for the period 408   1,440   5,780
    Other comprehensive income (loss) for the period
    Change in fair value of debt investments    		 72   –   (80)
    Total comprehensive income for the period 480   1,440   5,700
           
    Basic profit per share $0.01   $0.02   $0.09
    Diluted profit per share $0.01   $0.02   $0.08
    Basic profit per ADS $0.06   $0.23   $0.87
               

    Use of Non-IFRS Financial Results

    In addition to disclosing financial results calculated in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board, this press release contains non-IFRS financial measures of EBITDA (EBITDA loss), Adjusted EBITDA (Adjusted EBITDA loss), non-IFRS net profit (loss), non-IFRS gross profit, non-IFRS gross margin and non-IFRS basic earnings (loss) per share or ADS for the periods presented. The Company defines EBITDA (EBITDA loss) as net profit (loss) before depreciation, amortization and impairment of intangible assets (if any), financial income (expense) and income tax; defines Adjusted EBITDA (Adjusted EBITDA loss) as EBITDA (EBITDA loss) as further adjusted to remove the impact of (i) impairment of goodwill (if any); and (ii) share-based compensation; defines non-IFRS net profit (loss) as net profit (loss) before depreciation, amortization and impairment of intangible assets (if any), impairment of goodwill (if any), financial income (expense) effects primarily related to derivative financial instruments as well as long-term loans, deferred tax effects and share-based compensation; defines non-IFRS gross profit as gross profit adjusted to remove the impact of depreciation, amortization and impairment of intangible assets and share-based compensation recorded under cost of revenues; defines non-IFRS gross margin as the percentage of the non-IFRS gross profit out of revenues; and defines non-IFRS basic earnings (loss) per share or ADS as non-IFRS net profit (loss) divided by the weighted average number of ordinary shares or ADSs. The Company’s management believes the non-IFRS financial information provided in this press release is useful to investors’ understanding and assessment of the Company’s ongoing operations. Management also uses both IFRS and non-IFRS information in evaluating and operating its business internally, and as such deemed it important to provide this information to investors. The non-IFRS financial measures disclosed by the Company should not be considered in isolation, or as a substitute for, or superior to, financial measures calculated in accordance with IFRS, and the financial results calculated in accordance with IFRS and reconciliations to those financial statements should be carefully evaluated. Investors are encouraged to review the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures provided in the financial statement tables herein.

    Other Metrics

    Net retention rate (NRR) is a key indicator of customer base health and revenue expansion. It is based on NRR point in time, which measures the revenue growth of current customers over the past four quarters, compared to the revenue generated from these customers during the same period a year earlier.
    NRR is calculated as an average of the NRR points in time for the end of the current period and the three preceding quarters.
    NRR > 1 (or 100%): Indicates revenue growth driven by existing customers, where upsells and cross-sells outweigh churn.
    NRR < 1 (or 100%): Shows revenue loss due to churn exceeding gains from upsells or cross-sells.

    Non-IFRS Financial Measures
    (in millions of U.S. dollars, rounded)

    The following tables present the reconciled effect of the above on the Company’s Adjusted EBITDA; non-IFRS net profit; and non-IFRS gross profit for the three months ended March 31, 2025 and 2024, and the year ended December 31, 2024:

        For the
    Three Months Ended
    March 31,    		   For the
    Year Ended
    December 31,
        2025
    		   2024   2024
    Net profit   0.4   1.4   5.8
    Adjustments:            
    Depreciation and amortization   0.2   0.2   0.6
    Financial expense (income), net   (0.2)   0.9   (0.4)
    Tax expense   0.1   0.3   1.4
    EBITDA   0.5   2.8   7.4
    Adjustments:            
    Share-based compensation   0.8   0.4   2.0
    Adjusted EBITDA for the period   1.3   3.2   9.4
        For the
    Three Months Ended
    March 31,    		   For the
    Year Ended
    December 31,
        2025   2024   2024
    Net profit   0.4   1.4   5.8
    Adjustments:            
    Depreciation and amortization   0.2   0.2   0.6
    Financial expense (income), net effects   (0.2)   0.9   0.1
    Deferred tax effects   (0.1)   (0.1)   (0.1)
    Share-based compensation   0.8   0.4   2.0
    Non-IFRS net profit for the period   1.1   2.8   8.4
        For the
    Three Months Ended
    March 31,    		   For the
    Year Ended
    December 31,
        2025   2024   2024
    Gross profit   4.8   6.6   23.9
    Adjustments:            
    Depreciation and amortization   0.1   0.1   0.6
    Share-based compensation   *   *   *
    Non-IFRS gross profit for the period   4.9   6.7   24.5

    * Less than $0.1 million

    About Alarum Technologies Ltd.

    Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of web data collection solutions, empowering organizations to gain a competitive edge by streamlining the collection, extraction, and analysis of large-scale structured data from public online sources. Our data collection solutions by NetNut, are based on our world’s fastest and most advanced and secured hybrid proxy network, which comprises both exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. Pushing the boundaries of innovation in data collection, we are building a robust platform, complemented by the Website Unblocker, Data Collector, Data Sets and AI data collector. As the impact of the AI revolution unfolds, Alarum, with its robust market-leading data collection offerings is preparing itself to play a meaningful role as the world reshapes in a new form.

    For more information about Alarum and its web data collection solutions, please visit www.alarum.io.

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    Investor Relations Contact:

    investors@alarum.io

    The MIL Network –

    May 30, 2025

  • Israel announces new West Bank settlements despite sanctions threat

    Source: Government of India

    Source: Government of India (4)

    Israel’s government has approved 22 new Jewish settlements in the occupied-West Bank, Finance Minister Bezalel Smotrich said on Thursday, a move that could deepen divisions with some allies, who have threatened sanctions over further expansion.

    Far-right Smotrich, an advocate for Israeli sovereignty over the West Bank, wrote on X that the new settlements would be located in the northern area of the West Bank, without specifying where.

    Israeli media cited the Defense Ministry as saying that among the new Jewish settlements, existing “outposts” would be legalised and new settlements would also be built.

    Around 700,000 Israeli settlers live among 2.7 million Palestinians in the West Bank and East Jerusalem, territories Israel captured from Jordan in the 1967 war. Israel later annexed East Jerusalem, a move not recognized by most countries, but has not formally extended sovereignty over the West Bank.

    Palestinians see expansion of the settlements as a hindrance to their aspirations to establish an independent Palestinian state in the Gaza Strip and the West Bank, including occupied East Jerusalem.

    There is a growing list of European countries demanding that Israel end the war in Gaza, while Britain, France and Canada this month warned Israel it could impose targeted sanctions if Israel continued to expand settlements in the West Bank.

    Most of the international community considers the Jewish settlements illegal. The Israeli government deems settlements legal under its own laws, while some so-called “outposts” are illegal but often tolerated and sometimes later legalised.

    Settlement activity in the West Bank has accelerated sharply since the war in Gaza, now in its 20th month, adding to escalating Israeli military operations against Palestinian militants and increasing numbers of settler attacks targeting Palestinian residents.

    Nabil Abu Rudeineh, a spokesperson for Palestinian President Mahmoud Abbas, called Israel’s decision a “dangerous escalation”, accusing the government of continuing to drag the region into a “cycle of violence and instability”.

    “This extremist Israeli government is trying by all means to prevent the establishment of an independent Palestinian state,” he told Reuters, urging U.S. President Donald Trump’s administration to intervene.

    Hamas official Sami Abu Zuhri condemned the announcement and called on the United States and the European Union to take action.

    “The announcement of the building of 22 new settlements in the West Bank is part of the war led by Netanyahu against the Palestinian people,” Abu Zuhri told Reuters.

    (Reuters)

    May 29, 2025

  • US cancels more than $700 million funding for Moderna bird flu vaccine

    Source: Government of India

    Source: Government of India (4)

    The Trump administration has canceled a contract awarded to Moderna for the late-stage development of its bird flu vaccine for humans, as well as the right to purchase shots, the drugmaker announced on Wednesday.

    Shares of Moderna were flat in after-market trading.

    Moderna in January was awarded $590 million by the Biden administration to advance the development of its bird flu vaccine, and support the expansion of clinical studies for up to five additional subtypes of pandemic influenza

    This was in addition to $176 million awarded by the U.S. Department of Health and Human Services (HHS) last year to complete the late-stage development and testing of a pre-pandemic mRNA-based vaccine against the H5N1 avian influenza.

    HHS told Reuters earlier this year that it was reviewing agreements made by the Biden administration for vaccine production.

    “The cancellation means that the government is discarding what could be one of the most effective and rapid tools to combat an avian influenza outbreak,” said Amesh Adalja, senior scholar at the Johns Hopkins Center for Health Security, adding that it is the opposite approach Trump took with Operation Warp Speed to combat COVID-19.

    An HHS spokesperson said that after a comprehensive internal review, the agency had determined that the project did not meet the scientific standards or safety expectations required for continued federal investment.

    Bird flu has infected 70 people, most of them farm workers, over the past year as it has spread aggressively among cattle herds and poultry flocks.

    Health Secretary Robert F. Kennedy Jr. has questioned the use of vaccines and earlier this year drew censure from some in the U.S. Congress after he suggested in a television interview that poultry farmers should let the bird flu spread unchecked through their flocks to study chickens who did not contract it.

    Moderna said it plans to explore alternatives for late-stage development and manufacturing of the vaccine.

    The company has been banking on revenue from newer mRNA shots, including its bird flu vaccine and experimental COVID-flu combination vaccine, to make up for waning post-pandemic demand for its COVID vaccine.

    Moderna also said on Wednesday that it had received positive interim data from a mid-stage trial set up to test the safety and immunogenicity of its bird flu vaccine targeting the H5 avian influenza virus subtype.

    -REUTERS

    May 29, 2025

  • MIL-OSI Security: U.S. Indo-Pacific Commander Travels to Malaysia

    Source: United States INDO PACIFIC COMMAND

    KUALA LUMPUR, Malaysia — Adm. Samuel J. Paparo, commander of U.S. Indo-Pacific Command, visited Malaysia on May 28-
    29, 2025, where he met with senior military and government officials, underscoring Malaysia’s importance to the U.S. as a
    partner and the U.S. commitment to Malaysia and the region.

    MIL Security OSI –

    May 29, 2025

  • MIL-OSI Economics: Asian Development Blog: AI-Powered and Asia-Made: Leading the Way with Chip Design and Supply Chain Resilience

    Source: Asia Development Bank

    Asia’s dominance in semiconductor manufacturing is fueling a surge in AI-related exports, underpinned by growing investments in infrastructure and design. While risks from global trade tensions loom, strategic action on domestic innovation and regional cooperation offers a pathway to sustained growth.

    MIL OSI Economics –

    May 29, 2025

  • Indian stock market ends in green over positive global cues

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market closed in green on Thursday amid positive global cues. Sensex closed 320.70 points or 0.39 per cent up at 81,633.02 while Nifty ended up 81.15 points or 0.33 per cent at 24,833.60.

    Buying was seen in midcap and smallcap along with largecap. Nifty Midcap 100 index was up 315.85 points or 0.55 per cent at 57,457.25 and Nifty Smallcap 100 index was up 105.40 points or 0.59 per cent at 17,889.

    On a sectoral basis, metal, IT, financial services, realty, media and energy indices were in the green, while, PSU Bank, FMCG and PSE sectors were in the red.

    “Global sentiment improved after a US court struck down Donald Trump’s reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields,” said Vinod Nair, Head of Research, Geojit Investments Limited.

    Some recovery was seen toward the end of the session, driven by F&O expiry led covering.

    “Export-focused sectors like IT and Pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation,” he mentioned.

    Nifty witnessed a volatile session on the day of monthly expiry. The momentum continues to remain weak, with the RSI still pointing downward.

    “The next crucial support is at 24,670. If the index falls below this level, a sharp correction may occur, potentially dragging the index down to 24,400/ 24,300. On the other hand, if Nifty holds above 24,670, it could witness a smart recovery towards 25,000 or 25,150 in the short term,” said Rupak De from LKP Securities.

    Gold prices traded weak in the first half of the session after the FOMC meeting minutes indicated that the U.S. Federal Reserve is unlikely to ease interest rates in the near term, maintaining a data-dependent stance. In the domestic market, MCX gold holds support near Rs 94,000, with resistance around Rs 96,500, said experts.

    –IANS

    May 29, 2025

  • MIL-OSI United Kingdom: Wagamama to come to Preston’s Animate

    Source: City of Preston

    29 May 2025

    Preston City Council has announced Asian inspired Japanese restaurant, Wagamama is to open at its newly launched £45million Animate leisure scheme, which has been delivered by Maple Grove Developments. 

    Positioned between Taco Bell and Mad Giant Food Hall, Wagamama has taken a 4,125 sq ft unit on a 15-year lease. The fit out is due to commence imminently and will be open to customers early this summer.

    Open seven days a week, the new restaurant will create 55 new jobs and marks Wagamama’s 167th restaurant in the UK and Ireland and its 59th in the North. The deal means that just one final unit (10,270 sq ft) offering social space on the upper level is now available.

    Animate was officially opened in February by Wallace and Gromit creator Nick Park, with many of the tenants including Ask Italian, Argento Lounge, Taco Bell Hollywood Bowl and ARC Cinemas now trading.

    Sita Wood, head of brand activation (restaurants) at Wagamama said: 

    “We’re incredibly excited to be opening our doors in preston, to meet local demand. our team are hard at work training for our opening, and we can’t wait to welcome our locals to enjoy their fresh favourites on our benches.”

    Cllr Wise at Preston City Council said: 

    “Animate has proven to be an in-demand venue for leisure operators and Wagamama deciding to open a restaurant here is a significant vote of confidence in the destination. It will prove to be a popular restaurant, stimulating additional footfall in the Harris Quarter, catalysing further investment, and boosting our local economy, central to our Community Wealth Building model.”

    Speaking about the arrival of Wagamama John Brady, at Bradys, joint agents for the scheme with Smith Young, commented:

    “Securing Wagamama is a strong endorsement of Preston’s growing appeal as a vibrant retail and leisure destination. The brand brings with it a loyal following and a reputation for quality, which will not only further enhance the visitor experience but also support the wider regeneration of the area by driving increased footfall.”

    The flagship scheme is one of six major projects in Preston’s Harris Quarter Towns Fund Investment Programme, a £200m programme, including £20.9m of funding by the government to support several regeneration projects.

    About Maple Grove Developments

    Maple Grove Developments is part of the Eric Wright Group. Founded in 1923, the Eric Wright Group is a leading property and construction company that develops, builds and maintains the UK’s infrastructure.

    Wholly owned by the Eric Wright Charitable Trust, the Group is committed to delivering employment and regeneration opportunities in the communities in which it operates in. All company profits are either invested back into the Eric Wright Group or awarded to charities and projects, predominately throughout the North West, which support young persons’ wellbeing, elderly services, education and training, health or carers’ support. 

    The Eric Wright Charitable Trust owns and operates Water Park Lakeland Adventure Centre in Cumbria and is an employer partner and sponsor of the Eric Wright Learning Foundation at Preston’s College, which supports young people aged 14+ studying Level 1 – 3 vocational courses and Apprenticeships.

    Based at Bamber Bridge, near Preston, the Eric Wright Group comprises seven specialist divisions that regularly collaborate to deliver joined-up approaches with outstanding results and maintain strong relationships with private and public sector clients and partners. The Group’s seven divisions are Maple Grove Developments, Construction, Civil Engineering, Water, Health & Care, Facilities Management (FM) and Applethwaite Homes. 

    About Animate

    The construction and development phase will help to generate up to 200 full time equivalent construction jobs for the local workforce, and provide opportunities for apprenticeship, work placements, training and upskilling through Eric Wright Group’s corporate and social responsibility programme.   

    A dedicated Animate Community Benefit Framework has been agreed between Preston City Council and Maple Grove Developments, which will deliver 15 community benefits, in line with Preston’s Community Wealth Building programme, to assist the delivery of the project and to provide the maximum impact for Preston’s residents and businesses.  

    The Community Benefit Framework seeks to use local labour, provide training, employment, volunteering opportunities and placements within local colleges, to promote environmental sustainability, and to ensure that all workers are treated equally and fairly. 

    Animate will also provide more than 140 long term jobs when it opens to the public following the two year construction phase.  

    About Towns Fund – Town Deals

    • On 27 July 2019, the Prime Minister announced that the Towns Fund would support an initial 101 places across England to develop Town Deal proposals, to drive economic regeneration and deliver long-term economic and productivity growth. 
    • A Town Deal is an agreement in principle between Government, the Lead Council and the Town Deal Board. It will set out a vision and strategy for the town, and what each party agrees to do to achieve this vision.  
    • Each of the 101 towns selected to work towards a Town Deal also received accelerated funding last year for investment in capital projects that would have an immediate impact and help places “build back better” in the wake of Covid-19. See the 101 places being supported to develop Town Deals.
    • Preston’s City Investment Plan is a 15 year vision for Preston setting out Preston’s long-term objectives and strategy to transform the city, targeting resources and aligning public and private sector investments to respond to needs and capitalise on opportunities for positive change. For details visit Invest – Preston’s City Investment Plan.
    • Preston City Council actively applies and prioritises the principles of Community Wealth Building wherever applicable and appropriate. Community Wealth Building is an approach which aims to ensure the economic system builds wealth and prosperity for everyone. 
    • Lancashire County Council’s £800,000 Economic Recovery grant is from its £12.8m  Economic Recovery & Growth programme to fund projects across the 12 Lancashire districts to tackle some of the economic impacts of Covid-19 and support recovery and growth. 

    MIL OSI United Kingdom –

    May 29, 2025

  • MIL-OSI United Nations: More than blue helmets: What you might not know about UN peacekeepers

    Source: United Nations – Peacekeeping

     

     

    Written by Lesley Myers, Digital Editor for UN Peacekeeping’s Strategic Communications Section. She specializes in political analysis, strategic planning and peacekeeping impact.

     

     

    They work in some of the world’s toughest environments to protect people and prevent conflict. But how much do you really know about UN “Blue Helmets”? As we celebrate the International Day of UN Peacekeepers, discover seven surprising facts about the people working for peace.

     

    1. UN Peacekeepers have won a Nobel Peace Prize.

    UN peacekeepers were awarded the prize in 1988 for peacekeepers’ role in promoting global peace and security. During the ceremony, the Nobel Committee honoured peacekeepers that have given their lives for peace: “They volunteered to the service, knowing that it could involve risk. It became their lot to pay the highest price a human being can pay.”

    2. UN Peacekeeping does not have its own army or police force.

    Instead, UN Member States voluntarily contribute their own troops and police officers to peacekeeping missions. To date, over 2 million peacekeepers have served from over 120 countries, making us a truly global force for peace. The top contributors of these personnel include Nepal, Rwanda, Bangladesh, India, and Pakistan as of February 2025, as well as Security Council members like China and France. Countries like Côte d’Ivoire, Timor-Leste and Liberia — where peacekeeping missions used to be deployed — are now sending peacekeepers of their own to help others.

    3. Peacekeepers are not only soldiers.

    Peacekeepers include military, police and civilian staff taking on a wide range of roles to help us advance peace. Peacekeepers include a wide range of experts including in logistics, engineering, mediation, politics, civics, human rights, gender, strategic communications and rule of law. They provide advice and support on important issues from how build strong justice institutions to protecting civilians to holding free and fair elections. This cross-disciplinary mix is what lets us navigate the complex socioeconomic, political, environmental and security dynamics that drive conflict.

    4. Peacekeepers do more than patrol.

    We protect civilians, monitor ceasefires, support peace negotiations and help prevent relapses into civil war. We also assist in long-term peacebuilding by building trust between communities, strengthening national institutions, promoting justice, and supporting free and fair elections, laying the critical foundations that help peace take root. Our work is tailored to the conflict environments we work in so we can best meet the needs of the communities we serve.

    chinese_peacekeepers_build_up_infrastructure_in_south_sudan.jpg

    5. Peacekeepers are cost-effective.

    Missions cost significantly less than comparable operations led by individual countries. Peacekeeping’s current budget represents less than 0.5% of global military spending but supports 11 peacekeeping operations in places like South Sudan, Cyprus, and south Lebanon. It delivers value for money, reducing violence, preventing the escalation of conflicts that can destabilize countries and regions, and advancing the global community’s peace and security goals at a fraction of the cost of what military activities cost worldwide.

    6. Peacekeepers serve impartially on behalf of UN Member States.

    UN peacekeeping missions are established, tasked, and ended by the UN Security Council. We serve on behalf of all UN Member States and remain impartial, giving us credibility that can be difficult to achieve when a Member State acts alone.

    7. Peacekeepers are effective at advancing peace.

    Peacekeeping remains one of the global community’s most effective tools for advancing peace. The majority of missions succeed, stabilizing societies, ending war, and saving millions of lives. We are proven to help stop violence before it starts, reduce its impact during conflict, and prevent its return once peace is restored. We increase the likelihood that peace agreements will last once established and have helped countries like Cambodia, El Salvador and Sierra Leone transition from conflict to peace. UN Member States play a critical role in these efforts: we are most successful when we are backed by their are backed by the political will of UN Member States.

    Today, an increasingly divided global community is facing the highest number of conflicts since the second world war, and peacekeeping itself is becoming an increasingly dangerous endeavour. Peacekeeping continues to evolve in the face of these growing challenges, but our commitment remains constant: each day, peacekeepers step up to give peace a fighting chance.

     

    MIL OSI United Nations News –

    May 29, 2025
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