Category: Asia

MIL-OSI New Zealand: Energy Sector – New Zealand Cleantech companies making an impact on the world stage

With cleantech critical to both climate mitigation and economic growth, a visit to Singapore last week by six New Zealand cleantech companies, a Venture Capital firm and the MacDiarmid Institute, couldn’t have come at a more important time.

OpenStar Technologies, TasmanIon, Nilo, Cetogenix, Mushroom Material, Allegro Energy (now Australia-based) and BridgeWest Ventures travelled as part of the “Cleantech Trek” to attend The Liveability Challenge and Cleantech Forum Asia, where they met with investors and multinational partners.

“It’s huge that these NZ startups-some named in the Asia Forum’s ‘APAC Cleantech 25’-have developed technologies with the potential to help transition the world to a greener economy,” said Natalie Plank, MacDiarmid Institute Deputy Director Commercialisation and Industry Engagement.

The APAC Cleantech 25 recognises forward-thinking companies developing and deploying breakthrough environmental solutions, while driving economic growth and technological progress across the Asia-Pacific region.

Dr Plank said the opportunity for the companies to be part of the wider Cleantech ecosystem in Singapore, to seek investment and to partner with multinational partners, comes at a significant time.

“The world needs climate mitigation technologies like never before. Singapore offers a chance to connect with investors and global players who can help scale New Zealand cleantech into international supply chains and energy infrastructure.”

Dr Ratu Mataira, Founder and CEO of fusion startup OpenStar, said that Aotearoa had built a reputation for building creative technologies that support a greener future.

“We’ve seen that in companies like Lanzatech, and it’s unsurprising a new crop of Kiwi startups feature so strongly on this list. In our field of fusion, Kiwis were here at the start with Rutherford, and they will be here at the end with OpenStar.”

The importance of cleantech to the future New Zealand economy

Cleantech industries are rapidly emerging as a cornerstone of the global economy. The World Economic Forum describes them as “the enablers of our future decarbonised energy system” and recognises them as “a major economic factor.”

Michelle Polglase, GM of Project Delivery at Ara Ake, highlights a recent Boston Consulting Group report that identifies “Green Tech” as a key growth sector for New Zealand. “We already have many of the ingredients for a thriving cleantech ecosystem,” she says, “including research institutes, innovative startups, incubators and private investors.”

The cleantech sector is scaling rapidly around the world. Global investment reached more than US$40 billion in 2023, and the International Energy Agency projects that spending on clean energy will rise from US$1.8 trillion in 2023 to US$4.5 trillion annually by the early 2030s under its ‘net zero pathway’ scenario.

The New Zealand Cleantech Mission is helping local companies tap into this global opportunity. Now in its third Cleantech Trek – a series of visits to leading cleantech companies regionally and overseas – the Mission is backed by foundational sponsors Ara Ake and the MacDiarmid Institute, continuing work originally supported by Callaghan Innovation.

“We’d love to see more clean energy companies from New Zealand on the world stage,” says Michelle Polglase. “To get there, they need commercialisation support, growth capital and strong global connections.”

MIL OSI New Zealand News –

May 16, 2025
MIL-OSI USA: Murkowski Reinforces Alaska Health Priorities to HHS Secretary

US Senate News:

Source: United States Senator for Alaska Lisa Murkowski
05.15.25
Washington, DC – Yesterday, U.S. Senator Lisa Murkowski (R-AK) engaged with Health and Human Services Secretary Robert F. Kennedy Jr. to discuss the reorganization of HHS programs that assist vulnerable Alaskans including Low-Income Home Energy Assistance Program (LIHEAP), National Institute for Occupational Safety and Health (NIOSH), Head Start, and community-based programs that support survivors of domestic violence.
Watch Senator Murkowski’s opening statement here.
Read the Senator’s transcript below:
TRANSCRIPT
Murkowski: Thank you, Mr. Chairman. Mr. Secretary, welcome, good to see you. I want to talk a little bit about the HHS reorganization on some of the programs that impact Alaska’s most vulnerable populations. I sent you a note letting you know that just after this hearing, I’m going to be chairing a Senate Committee on Indian Affairs [hearing] specifically examining HHS Tribal programs that are outside of IHS [Indian Health Service]. I really thank you for your early efforts to exempt IHS healthcare providers from the RIFs [reductions in force], that was very important.
But, I’ve also heard concerns from Tribal leaders on the impacts of RIFs to key HHS programs serving their communities. So, I know you’re going to have some of your folks tuning in on that, and I really appreciate that. But some of the other reductions that we’re looking at within your budget do have significant consequences to a state like mine.
One is the LIHEAP program, the low-income energy assistance. For us it’s not a budget line item. You’ve been to Alaska. You know that the temperatures there can get really, really tough. [LIHEAP] keeps people from freezing to death in their homes.
Another program is NIOSH, and I know that HHS had rescinded a number of those employees, that was great news. But employees that received RIF notices for the program were not rescinded in the NIOSH center for Marine Safety and Health Studies. So, this is a big deal for our commercial fishing safety. It could effectively leave our fishing fleet out of compliance with Coast Guard safety [regulations], so we’re watching that very, very carefully. And then again, shared focus here on making sure that our children are as healthy as they possibly can be. I want to look to ways that we can strengthen and not eliminate the Head Start program.
Kennedy: You’re talking about the NIOSH program? You should talk to me about that. As you know, that’s something that I’m deeply concerned with, with the commercial fisheries. So, we should talk about it. Let’s work for the solution.
Murkowski: Got it. I am with you right there.
Let me ask about domestic violence and sexual assault funding. Right now, I’m talking and I’m receiving a lot of incoming from our community-based domestic and sexual violence program operators. They’re really concerned about the delayed release of FY 25 funding, the absence of notices of funding opportunities, as well as proposed cuts or consolidations that might threaten the Office of Family Violence Prevention and CDC’s Division of Violence Prevention. So, you’ve got some programs there that are really foundational to domestic and sexual violence. They’ve been reauthorized with bipartisan support.
So, I’m going to enter into the record a letter from the National Task Force [to end Sexual and Domestic Violence], and it was sent to you yesterday, just urging the communication of concrete plans for releasing some of these funds. I want to raise that to your level, but I want to make sure that we’re sending the right signal to so many who are just really on the edge with, again, these community-based services that are helping the most vulnerable of the most vulnerable. So, we’ve got the funding that’s out there. It’s just delayed. We need help releasing that.

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Rep. Bera Leads Bipartisan Bill to Establish Inter-Parliamentary Trilateral Dialogue Between the United States, Japan and South Korea

Source: United States House of Representatives – Representative Ami Bera (D-CA)

Today, U.S. Representative Ami Bera, M.D. (D-CA-06), Ranking Member of the House Foreign Affairs Subcommittee on East Asia and Pacific, introduced the U.S.–Japan–ROK Trilateral Cooperation Act, bipartisan legislation to deepen cooperation between the United States, Japan, and the Republic of Korea (ROK).

Joining Congressman Bera in leading this effort are Representatives Gerry Connolly (D-VA-11), Joaquin Castro (D-TX-20), Joe Wilson (R-SC-02), Adrian Smith (R-NE-03) and Mike Kelly (R-PA-16). Bera, Connolly, Wilson and Kelly serve as co-chairs of the Congressional Korea Caucus, while Castro and Smith serve as co-chairs of the Congressional Japan Caucus.

“As we face growing threats in the Indo-Pacific, now is the time to invest in our closest alliances rooted in democratic values,” said Representative Bera. “This legislation builds on the momentum from the Camp David Summit by creating permanent channels of communication and coordination between our three legislative bodies. Routine inter-parliamentary dialogue will help ensure the United States, Japan and South Korea continue to meet shared challenges together—promoting a free, open, inclusive, resilient and healthy Indo-Pacific region that safeguards our mutual security and prosperity for decades to come.”

The U.S.–Japan–ROK Trilateral Cooperation Act establishes a formal U.S.–Japan–ROK Inter-Parliamentary Dialogue to address shared challenges.

The legislation reflects the commitments made at the August 2023 Camp David Trilateral Summit and underscores Congress’s role in turning those commitments into lasting policy and institutional cooperation.

“Trilateral cooperation between the United States, South Korea, and Japan is paramount to countering the PRC’s malign influence and to advancing our shared goal of a free and prosperous Indo-Pacific,” said Representative Connolly. “I am proud to join my colleagues today in introducing this important legislation that encourages consistent open dialogue between senior officials of our three nations and establishes a partnership to promote the strategic interests and values that the U.S., South Korea, and Japan share.”

“The U.S.-Japan-ROK Trilateral Cooperation Act will help continue the momentum of security cooperation between our three countries by establishing a multinational dialogue for American, Japanese, and Korean legislators to work together to pursue closer cooperation,” said Representative Castro.

“I am grateful to join my colleagues in affirming the importance of the renewed Trilateral Summit between the U.S., Republic of Korea, and Japan. Our joint commitment to a free, secure, and prosperous Indo-Pacific is ironclad, and I look forward to working with my colleagues to advance our shared goals and confront any challenges that come our way,” said Representative Wilson.

“I am honored to co-lead the U.S.-Japan-ROK Trilateral Cooperation Act. As threats from the Chinese Communist Party (CCP) and Democratic People’s Republic of Korea (DPRK) continue to grow, the United States and its allies must be prepared to maintain safety, security and prosperity for America and our Pacific allies. Congress has an obligation to the American people to protect its citizens from the CCP, DPRK, or other adversaries. Our alliance and friendship with the Republic of Korea and Japan is crucial,” said Representative Kelly.

“The U.S. has historic and critical partnerships with South Korea and Japan, and this is an important time to advance collaboration to our mutual benefit. Robust engagement to reinforce our shared values of freedom and security in the Indo-Pacific is necessary to meet the challenges of the twenty-first century. This legislation reflects these priorities and strong bipartisan support in Congress for fostering these valuable relationships. I am grateful to Rep. Bera and my other colleagues for working together to introduce it,” said Representative Smith.

Congressman Bera has consistently worked to strengthen U.S. foreign policy engagement in the Indo-Pacific and reinforce America’s role as a reliable ally. This legislation builds on his longstanding efforts to enhance diplomatic capacity, counter economic coercion and promote regional stability.

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Hagerty Introduces Joel Rayburn and Michael DeSombre, Trump’s Nominees to be Assistant Secretaries of State

US Senate News:

Source: United States Senator for Tennessee Bill Hagerty
WASHINGTON—Today, United States Senator Bill Hagerty (R-TN) introduced his former staffer, Joel Rayburn, President Donald Trump’s nominee to be Assistant Secretary of State for Near Eastern Affairs, and Ambassador Michael DeSombre, President Donald Trump’s nominee to be Assistant Secretary of State for East Asian and Pacific Affairs, during a Senate Foreign Relations Committee confirmation hearing.

*Click the photo above or here to watch*
Remarks as prepared for delivery:
Chairman Risch and Ranking Member Shaheen, thank you for holding this important nominations hearing.
I am honored to introduce two exceptionally qualified nominees this morning, my good friends—
Joel Rayburn, President Trump’s nominee to be Assistant Secretary of State for Near Eastern Affairs, and
Ambassador Michael DeSombre, President Trump’s nominee to be Assistant Secretary of State for East Asian and Pacific Affairs.
Let me first turn to Joel.
Joel Rayburn’s nomination comes at a pivotal time for the United States in the Middle East and North Africa.
While there are many challenges in the region—including Iran and Hamas, Hezbollah, and other foreign terrorists organizations that Iran sponsors—our Nation also has enormous opportunities to strengthen our relationships with key Allies and partners, as the President’s trip to Middle East this week has powerfully illustrated.
At this critical juncture, I believe no one is better qualified to be the Assistant Secretary of State responsible for this region than Joel Rayburn.
As an avid historian who has served in a variety of leadership roles related to the Middle East, Joel is an expert in the region’s culture, its history, and the many other factors that will determine the success of our policy there.
Joel is a proud military veteran who has shown he is committed to public service on behalf of our great Nation.
After graduating from West Point in 1992, Joel went on to serve as an artillery and intelligence officer in the U.S. Army for over 26 years.
During his distinguished military career, Joel was deployed to the Middle East multiple times, giving him the opportunity to hone his knowledge of the region and its languages as well as his diplomatic skills.
From 2007 to 2011, for example, Joel worked for General David Petraeus as a strategic intelligence advisor in Iraq and Afghanistan.
In President Trump’s first term, Joel served on the National Security Council as Senior Director for Iran, Iraq, Syria, and Lebanon.
Joel served then as Deputy Assistant Secretary of State for Levant Affairs and, concurrently, as Special Envoy for Syria from 2018 to 2021—roles that he used to improve U.S. policy for dealing with the repressive regime of then-Syrian dictator Bashar al-Assad.
More recently, Joel served on my Senate staff as my advisor for Middle Eastern affairs—and I was able to see firsthand just why the military and the White House trusted him so much.
Joel’s sound advice, borne from his lifetime of focus on the region, helped me immensely—as I know it will help the State Department and the people of the United States.
More important, I saw Joel as a wonderful father—someone with the heart and humility to pay it forward to the next generation through selfless public service.
Joel could not be better qualified to be the next Assistant Secretary of State for Near Eastern Affairs and I urge my colleagues on this Committee to move quickly on his nomination.
Let me now turn to another colleague and friend, Ambassador Michael DeSombre.
I am excited that President Trump tapped Michael as his nominee to be the Assistant Secretary of State for East Asian and Pacific Affairs.
Michael and I both served as U.S. Ambassadors in Asia during President Trump’s first term.
The Trump Administration rightly identifies the Indo-Pacific as a top priority for U.S. foreign policy.
This region contains 4.3 billion people—about 60 percent of the world’s population—and is responsible for almost two-thirds of global maritime trade.
The region is also home both to some of America’s closest Allies and partners, as well as to many of our most serious threats.
If confirmed, Michael will be at the forefront of U.S. efforts to address the significant challenges in the region while also pursuing tremendous opportunities critical to our economic prosperity and national security.
As someone who has worked in East Asia as both a businessman and a diplomat, I speak from experience when I say Michael is the right person for this role.
Building on his education at Stanford and Harvard in economics, law, and East Asian Studies, Michael’s significant experience in the region makes him exceptionally qualified for this role.
As a business leader in Asia, Michael advised multinational corporations on complex cross-border transactions and worked issues related to U.S. national security.
And as a philanthropist, Michael led initiatives focused on the education, healthcare, and protection of kids that benefitted tens of thousands of children in the region.
In addition to his success as a businessman and philanthropist in Asia, Michael is also a successful diplomat.
As U.S. Ambassador to Thailand during President Trump’s first term, Michael used his business background and skillset to create mutual economic opportunities that brought the American and Thai economies closer together.
In all, Michael has spent more than two decades of his life in Asia.
He speaks Mandarin fluently, and also is familiar with the Korean and Japanese languages.
If confirmed, Michael will once again use his experience and knowledge to strengthen our diplomatic relationships and advance our nation’s interests in the region.
Mr. Chairman, thank you again for the opportunity to introduce my friends and former colleagues, Joel Rayburn and Michael DeSombre, and I encourage this Committee to support their nominations.
Thank you for your time this morning.

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: SPC Tornado Watch 255

Source: US National Oceanic and Atmospheric Administration

Note: The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
SEL5

URGENT – IMMEDIATE BROADCAST REQUESTED
Tornado Watch Number 255
NWS Storm Prediction Center Norman OK
515 PM CDT Thu May 15 2025

The NWS Storm Prediction Center has issued a

* Tornado Watch for portions of
Northern and Central Illinois
Far Northwest Indiana
Lake Michigan

* Effective this Thursday afternoon and evening from 515 PM until
1000 PM CDT.

* Primary threats include…
A few tornadoes and a couple intense tornadoes possible
Scattered large hail and isolated very large hail events to 3
inches in diameter likely
Scattered damaging winds likely with isolated significant gusts
to 75 mph possible

SUMMARY…Supercell thunderstorms will pose a threat for large to
very large hail this evening as they move east-northeastward. The
largest hailstones may reach up to 2-3 inches in diameter. A few
tornadoes are also possible, and a strong tornado may occur.
Otherwise, scattered severe/damaging winds should also be a threat,
especially if thunderstorms can congeal into clusters later this
evening.

The tornado watch area is approximately along and 70 statute miles
east and west of a line from 60 miles north northeast of Marseilles
IL to 35 miles west southwest of Champaign IL. For a complete
depiction of the watch see the associated watch outline update
(WOUS64 KWNS WOU5).

PRECAUTIONARY/PREPAREDNESS ACTIONS…

REMEMBER…A Tornado Watch means conditions are favorable for
tornadoes and severe thunderstorms in and close to the watch
area. Persons in these areas should be on the lookout for
threatening weather conditions and listen for later statements
and possible warnings.

&&

OTHER WATCH INFORMATION…CONTINUE…WW 251…WW 252…WW
253…WW 254…

AVIATION…Tornadoes and a few severe thunderstorms with hail
surface and aloft to 3 inches. Extreme turbulence and surface wind
gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
storm motion vector 23035.

…Gleason

SEL5

URGENT – IMMEDIATE BROADCAST REQUESTED
Tornado Watch Number 255
NWS Storm Prediction Center Norman OK
515 PM CDT Thu May 15 2025

The NWS Storm Prediction Center has issued a

* Tornado Watch for portions of
Northern and Central Illinois
Far Northwest Indiana
Lake Michigan

* Effective this Thursday afternoon and evening from 515 PM until
1000 PM CDT.

* Primary threats include…
A few tornadoes and a couple intense tornadoes possible
Scattered large hail and isolated very large hail events to 3
inches in diameter likely
Scattered damaging winds likely with isolated significant gusts
to 75 mph possible

SUMMARY…Supercell thunderstorms will pose a threat for large to
very large hail this evening as they move east-northeastward. The
largest hailstones may reach up to 2-3 inches in diameter. A few
tornadoes are also possible, and a strong tornado may occur.
Otherwise, scattered severe/damaging winds should also be a threat,
especially if thunderstorms can congeal into clusters later this
evening.

The tornado watch area is approximately along and 70 statute miles
east and west of a line from 60 miles north northeast of Marseilles
IL to 35 miles west southwest of Champaign IL. For a complete
depiction of the watch see the associated watch outline update
(WOUS64 KWNS WOU5).

PRECAUTIONARY/PREPAREDNESS ACTIONS…

REMEMBER…A Tornado Watch means conditions are favorable for
tornadoes and severe thunderstorms in and close to the watch
area. Persons in these areas should be on the lookout for
threatening weather conditions and listen for later statements
and possible warnings.

&&

OTHER WATCH INFORMATION…CONTINUE…WW 251…WW 252…WW
253…WW 254…

AVIATION…Tornadoes and a few severe thunderstorms with hail
surface and aloft to 3 inches. Extreme turbulence and surface wind
gusts to 65 knots. A few cumulonimbi with maximum tops to 500. Mean
storm motion vector 23035.

…Gleason

Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
SAW5
WW 255 TORNADO IL IN LM 152215Z – 160300Z
AXIS..70 STATUTE MILES EAST AND WEST OF LINE..
60NNE MMO/MARSEILLES IL/ – 35WSW CMI/CHAMPAIGN IL/
..AVIATION COORDS.. 60NM E/W /19NW ORD – 6NNW AXC/
HAIL SURFACE AND ALOFT..3 INCHES. WIND GUSTS..65 KNOTS.
MAX TOPS TO 500. MEAN STORM MOTION VECTOR 23035.

LAT…LON 42168686 39838757 39839021 42168960

THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
FOR WOU5.

Watch 255 Status Report Message has not been issued yet.

Note: Click for Complete Product Text.Tornadoes

Probability of 2 or more tornadoes

Mod (50%)

Probability of 1 or more strong (EF2-EF5) tornadoes

Mod (30%)

Wind

Probability of 10 or more severe wind events

Mod (60%)

Probability of 1 or more wind events > 65 knots

Mod (30%)

Hail

Probability of 10 or more severe hail events

Mod (60%)

Probability of 1 or more hailstones > 2 inches

Mod (60%)

Combined Severe Hail/Wind

Probability of 6 or more combined severe hail/wind events

High (90%)

For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

MIL OSI USA News –

May 16, 2025

MIL-OSI: Westport Publishes Annual General and Special Meeting Results

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX:WPRT / Nasdaq:WPRT), today held its Annual General and Special Meeting of Shareholders (the “Meeting”) in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the Company’s auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025.

A summary of the results are as follows:

Resolution	Outcome of Vote	Percentage of Votes For	Percentage of Votes Withheld/Against

Election of Directors
Michele Buchignani	Approved	81.22%	18.78%
Anthony Guglielmin	Approved	87.16%	12.84%
Daniel M. Hancock	Approved	61.47%	38.53%
Daniel Sceli	Approved	91.10%	8.90%
Karl-Viktor Schaller	Approved	61.28%	38.72%
Eileen Wheatman	Approved	81.43%	18.57%

Appointment of Auditors	Approved	93.83%	6.17%

Executive Compensation
(Advisory Vote)	Agree	52.87%	47.13%

Sale of Westport Fuel Systems Italia S.r.l	Approved	83.38%	16.62%

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

The MIL Network –

May 16, 2025

MIL-OSI Video: Never Forget Our Fallen

Source: United States Department of Defense (video statements)

—————
Located in @ArlingtonNatl, the Tomb of the Unknown Soldier has served as a symbolic grave for all military warriors whose remains have not been found or identified since 1921. The tomb is guarded around-the-clock regardless of inclement weather by sentinels from the @OldGuardVideo.

#DYK The Tomb of the Unknown Soldier currently holds three unidentified service members, representing soldiers from #WWI, #WWII and the Korean War. A fourth soldier previously buried in the tomb, representing the Vietnam War, was identified in 1998 and returned to his family.

History on the Tomb of the Unknown Soldier
https://www.defense.gov/multimedia/experience/tomb-of-the-unknown-soldier/

For more on the Department of Defense, visit: http://www.defense.gov
—————
Keep up with the Department of Defense on social media!

Like the DoD on Facebook: http://facebook.com/DeptofDefense
Follow the DoD on Twitter: http://twitter.com/DeptofDefense
Follow the DoD on Instagram: http://instagram.com/DeptofDefense
Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

https://www.youtube.com/watch?v=qU4TVGVoFL8

MIL OSI Video –

May 16, 2025
MIL-OSI USA: Congresista Ramirez Leads 109 Members to Protect the Constitutional Right to Birthright Citizenship

Source: United States House of Representatives – Representative Delia Ramirez – Illinois (3rd District)

Washington, DC — Today, Congresswoman Delia C. Ramirez (IL-03), proud daughter of immigrants and citizen by birthright, introduced legislation to block the implementation of President Trump’s unconstitutional Executive Order that illegally and unconstitutionally seeks to end citizenship for children born in the United States. The Born in the USA Act is co-led by a coalition of Members of Congress that includes the Hispanic Caucus Chair Adriano Espaillat (NY-13), Asian Pacific American Caucus Chair Grace Meng (NY-06), Black Caucus Chair Yvette Clarke (NY-09), Judiciary Committee Ranking Member Jamie Raskin (MD-08), and Derek Tran (CA-45)

The legislation prohibits any government funds from being appropriated or used to carry out President Donald Trump’s unconstitutional and illegal Executive Order 14160, “Protecting the Meaning and Value of American Citizenship.”

“Trump has posed the question of who gets to be an American. The fact is that every citizen not naturalized in this country is a citizen by birthright. And it is important to remember that our nation’s history would not be complete without the children of immigrants who, like me, are citizens by birthright and pride themselves on being AMERICANS, said Congresswoman Ramirez.” I am both a daughter of immigrants and the daughter of America; a proud Chapina and an American by birthright. It is my honor to lead 109 members of Congress to ensure not a single dollar goes to Trump’s illegal, unconstitutional attempt to undermine our Constitution, our rights, our liberties, and the soul of our nation.”

“Protecting birthright citizenship from Donald Trump’s reckless executive order is our duty, not only as Democrats, but as Americans,” said CHC Chair Adriano Espaillat. “The Fourteenth Amendment was forged in the ashes of the Civil War and refined through 150 years of jurisprudence. No president can change it by executive order, and Trump’s shameless attempt to do so is a grave threat to the very ideals of our nation and of a binding Constitution. Unilaterally modifying the highest law in the land is antithetical to our American values, and we will continue to fight these heinous actions by an administration that seeks to redefine what we, as a nation, stand for.”

“Birthright citizenship is enshrined in the Constitution and has been affirmed by the Supreme Court numerous times — including in the landmark United States v. Wong Kim Ark decision — yet President Trump is determined to overrule this century-old precedent and eliminate one of the most common pathways for Asian Americans and Pacific Islanders to become U.S. citizens,” said Rep. Grace Meng, Chair of the Congressional Asian Pacific American Caucus. “Not on our watch. I am proud to introduce the Born in the USA Act with my colleagues to stand up for American values and stand against this unconstitutional executive overreach.”

“Birthright citizenship has been the law of the land since 1868, when the 14th Amendment overturned Dred Scott and established equal citizenship by birth,” said Ranking Member Jamie Raskin. “Donald Trump cannot erase the parts of the Constitution he doesn’t like or decide who counts as an American by executive order. The Born in the USA Act will ensure that no taxpayer dollars are used to enforce this unlawful order, which would compel federal agencies, from the State Department to the Social Security Administration, to deny or question U.S. citizenship for children born on American soil, thereby undermining a fundamental constitutional right that has defined our nation since the Civil War.”

“For over 140 years, birthright citizenship has been a cornerstone of American law and culture,” said Rep. Derek Tran. “We have always been a nation of immigrants–my own parents came to this country as refugees, and I gained citizenship through the birthright principle. So many people across the country share my story and have enriched our nation in countless ways as productive members of American society. I’m proud to stand with my colleagues in introducing the Born in the USA Act to protect birthright citizenship and ensure that all those born on U.S. soil are awarded the Constitutional protections they deserve.”

The bill is cosponsored by Congressmembers Raja Krishnamoorthi (IL-08), Eleanor Holmes Norton (DC-AL), Juan Vargas (CA-52), Shri Thanedar (MI-13), Rashida Tlaib (MI-12), Henry Johnson (GA-04), Jasmine Crockett (TX-30), Alexandria Ocasio-Cortez (NY-14), Linda T. Sánchez (CA-38), Becca Balint (VT-AL), Jesús G. “Chuy” García (IL-04), Madeleine Dean (GA-05), Nikema Williams (GA-05), André Carson (IN-07), Lateefah Simon (CA-12), James P. McGovern (MA-02), Sylvia R. Garcia (TX-29), Ritchie Torres (NY-15), Jonathan L. Jackson (IL-01), Nydia M. Velázquez (NY-07), Mary Gay Scanlon (PA-05), Sheila Cherfilus-McCormick (FL-20), Yassamin Ansari (AZ-03), Robert Garcia (CA-42), Bonnie Watson Coleman (NJ-12), Dan Goldman (NY-10), Maxwell Frost (FL-10), Paul D. Tonko (NY-20), Darren Soto (FL-09), Dave Min (CA-47), Mark Pocan (WI-02), Bennie G. Thompson (MS-2), Andrea Salinas (OR-06), Sydney Kamlager-Dove (CA-37), LaMonica McIver (NJ-10), Pramila Jayapal (WA-07), Dina Titus (NV-01), Ilhan Omar (MN-05), Gabe Amo (RI-01), John Garamendi (CA-08), Sarah McBride (DE-00), Nanette Barragán (CA-44), Stephen Lynch (MA-08), Angie Craig (MN-02), Summer L. Lee (PA-12), Greg Casar (TX-35), Jan Schakowsky (IL-09), Chellie Pingree (ME-01), Gilbert R. Cisneros (CA-31), Maxine Dexter (OR-03), Jill Tokuda (HI-02), Salud Carbajal (CA-24), Emanuel Cleaver (MO-05), Steve Cohen (TN-09), Gregory W. Meeks (NY-05), Luz Rivas (CA-29), Brad Sherman (CA-32), Wesley Bell (MO-01), Brendan Boyle (PA-02), Ayanna Pressley (MA-07), Robin L. Kelly (IL-02), Frederica S. Wilson (FL-24), Ro Khanna (CA-17), Timothy M. Kennedy (NY-26), Troy Carter (LA-02), Zoe Lofgren (CA-18), Josh Gottheimer (NJ-05), Gabe Vasquez (NM-02), Ted W. Lieu (CA-36), Robert J. Menendez (NJ-08), Shontel M. Brown (OH-11), Sara Jacobs (CA-51), Jennifer L. McClellan (VA-04), Kevin Mullin (CA-15), Greg Stanton (AZ-04), Veronica Escobar (TX-16), Julie Johnson (TX-32), Brittany Pettersen (CO-07), Janelle S. Bynum (OR-05), Mikie Sherrill (NJ-11), Teresa Leger Fernandez (NM-03), Mark Takano(CA 39), Glenn Ivey (MD-04), Jerrold Nadler (NY-12), Pablo José Hernández (PR-00), Sam Liccardo (CA-16), Eric Swalwell (CA-14), Al Green (TX-09), Raul Ruiz (CA-25), Joaquin Castro (TX-20), Emily Randall (WA-06), Judy Chu (CA-28), Danny Davis (IL-07), Lauren Underwood (IL-14), Valerie Foushee (NC-04), Debbie Dingell (MI-06), Terri A. Sewell (AL-07), Laura Friedman (CA-30), Betty McCollum (MN-04), Morgan McGarvey (KY-03), Julia Brownley (CA-26), Marc Veasey (TX-33), Suzanne Bonamici (OR-01).

The legislation also counts with the support of local and national organizations, including American Civil Liberties Union (ACLU), National Immigration Law Center (NILC), Stop AAPI Hate, FWD.us, Center for American Progress (CAP), OCA-Asian Pacific American Advocates, National Immigrant Justice Center (NIJC), Japanese American Citizens League (JACL), Asian Americans Advancing Justice (AAJC), Illinois Coalition for Immigrant and Refugee Rights (ICIRR), Center for Law and Social Policy (CLASP), African Communities Together, Haitian Bridge Alliance, Immigration Hub, and UndocuBlack.

The Born in the USA Act is a companion to S.646, introduced in the Senate by Senator Jacky Rosen (D-NV).

Text of the bill, CLICK HERE.

BACKGROUND:

On January 29, 2025, Donald Trump signed Executive Order 14160, Protecting the Meaning and Value of American Citizenship. The executive order illegally and unconstitutionally seeks to undermine the constitutional right to birthright citizenship.

The 14th Amendment guarantees that all people born in the U.S. are U.S. citizens. In the 1898 United States v. Wong Kim Ark case, the Supreme Court affirmed that the 14th Amendment protects the birthright citizenship of all children born in the country, including those from undocumented parents.

MIL OSI USA News –

May 16, 2025
MIL-OSI Russia: Marat Khusnullin held meetings with colleagues from foreign countries at the International Economic Forum “Russia – Islamic World: KazanForum”

Translation. Region: Russian Federal

Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

Marat Khusnullin held a working meeting with Deputy Prime Minister of Afghanistan for Economic Affairs Abdul Ghani Baradar

May 15, 2025

Marat Khusnullin held a working meeting with Deputy Prime Minister of Afghanistan for Economic Affairs Abdul Ghani Baradar

May 15, 2025

Marat Khusnullin held a working meeting with Deputy Prime Minister of Afghanistan for Economic Affairs Abdul Ghani Baradar

May 15, 2025

Marat Khusnullin held a working meeting with the Minister of Privatization, Investment and Communications of the Islamic Republic of Pakistan Abdul Alim Khan

May 15, 2025

Marat Khusnullin held a working meeting with the Minister of Privatization, Investment and Communications of the Islamic Republic of Pakistan Abdul Alim Khan

May 15, 2025

Marat Khusnullin held a working meeting with the Minister of Privatization, Investment and Communications of the Islamic Republic of Pakistan Abdul Alim Khan

May 15, 2025

Previous news Next news

Marat Khusnullin held a working meeting with Deputy Prime Minister of Afghanistan for Economic Affairs Abdul Ghani Baradar

At the XVI International Economic Forum “Russia – Islamic World: KazanForum”, Deputy Prime Minister of Russia Marat Khusnullin held a number of working meetings with colleagues from foreign countries.

In particular, a meeting was held with the Minister of Privatization, Investment and Communications of the Islamic Republic of Pakistan, Abdul Alim Khan.

“Pakistan is an important partner for our country in South Asia. Our relations with Islamabad are developing dynamically in almost all areas. I believe that they need to be further developed. One of the key issues is reliable and uninterrupted mutual settlements. Today, the share of non-Western currencies in the structure of bilateral settlements between Russia and Pakistan is already about 80%. This is a very good result. I hope that we will continue to work using the Russian financial messaging system and the Mir payment system,” the Deputy Prime Minister said.

According to him, another important issue is related to transport corridors. Cargo transportation to Pakistan by road is developing. And here the importance of the international transport corridor “North-South” is growing.

“Also a very important point is our cooperation within the SCO. I hope that we will be able to continue to effectively interact in this area. I am confident that this meeting and the participation of the Pakistani delegation in the forum will give a good impetus to the development of bilateral cooperation,” Marat Khusnullin emphasized.

In addition, he held a working meeting with Deputy Prime Minister of Afghanistan for Economic Affairs Abdul Ghani Baradar. During the event, representatives of the Afghan delegation noted that their foreign policy is aimed at the economic development of the country, they are focused on cooperation, a potential direction of which could be trade and economic cooperation – projects in the field of agriculture, energy, transport infrastructure and mechanical engineering, mining industry.

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

MIL OSI Russia News –

May 16, 2025
MIL-OSI Canada: Expanded CIC Indigenous Bursary Program Delivering more Supports for Post-Secondary Students Across Saskatchewan
Source: Government of Canada regional news

Released on May 15, 2025

Crown Investments Corporation (CIC) now delivers financial support to more Indigenous post-secondary students in Saskatchewan than ever before. With the expansion of CIC’s Indigenous Bursary Program to most regional colleges and the Gabriel Dumont Institute (GDI), students in rural areas across the province can now gain better access to this educational funding close to their home communities.

“The Indigenous Bursary Program is one of CIC’s direct efforts to advance economic reconciliation, through delivering more affordable access to training and education opportunities for Indigenous peoples in Saskatchewan,” Crown Investments Corporation Minister Jeremy Harrison said. “Increasing the participation of Indigenous talent in our Crown sector and all aspects of Saskatchewan’s economy is vital to our province’s continued growth.”

The Indigenous Bursary Program had provided close to $2.2 million between 2018-19 and 2023-24 to financially support students at the University of Saskatchewan, University of Regina, Saskatchewan Polytechnic, Saskatchewan Indian Institute of Technologies (SIIT) and Lakeland College. Since its inception in 2004, more than 1,300 bursaries have been awarded to students.

The expansion now includes Northlands College, Suncrest College, Southeast College, Great Plains College, North West College and GDI, which offer education opportunities across Saskatchewan’s rural communities and Tribal Council districts. In total, the program provides funding for 115 bursaries per year, valued at $5,000 each – a total annual investment of $575,000.

“Long-standing partnerships with our donors have been essential in advancing equitable access to education,” Director of Advancement at SIIT Kendra Rowswell said. “Over the years, the bursaries provided by Crown Investments Corporation have significantly reduced financial barriers for Indigenous students, enabling them to pursue their educational goals. CIC’s continued generosity ensures that this impact will be felt for generations to come.”

“The Crown Investments Corporation’s Indigenous Bursary provided to the Gabriel Dumont Scholarship Foundation will help create opportunities for Métis students who are unable to access other sources of financial support, one of the major barriers to attending and achieving a higher education,” Gabriel Dumont Institute CEO Brett Vandale said. “In our community, education is the great equalizer!”

Key program eligibility criterion include:
- Be of self-declared Indigenous ancestry (includes Status First Nation, Non-Status First Nation, Métis or Inuit);
- Be a Saskatchewan resident for at least the past 12 months;
- Achieve satisfactory academic standing in post-secondary studies; and
- Be registered full-time.
Visit: www.cicorp.sk.ca/bursaries-and-internships/indigenous-bursary-program for detailed program information.

-30-

For more information, contact:

MIL OSI Canada News –
May 16, 2025
MIL-OSI United Kingdom: PM: The world has paid the price for Putin’s aggression. He must now pay for avoiding peace.
Source: United Kingdom – Executive Government & Departments

Press release

PM: The world has paid the price for Putin’s aggression. He must now pay for avoiding peace.

Piling the pressure on the Kremlin will be the focus of discussions at the European Political Community [EPC] today, after Putin dodged US arranged peace talks in Istanbul yesterday [Thursday].
Prime Minister to convene leaders at EPC to drive forward response to Putin’s stalling tactics

Russian energy expected to be central target in widespread sanctions action in the coming weeks if Russia does not agree a ceasefire

Comes as around 40 leaders meet at the European Political Community summit in Tirana today

Piling the pressure on the Kremlin will be the focus of discussions at the European Political Community [EPC] today, after Putin dodged US arranged peace talks in Istanbul yesterday [Thursday].

More than 40 leaders will attend the Tirana summit today, discussing shared challenges facing the continent and the threat to global stability and security posed by Putin.

It comes after President Zelenskyy underscored Ukraine’s position as the party of peace and travelled to Turkey in good faith this week, in preparation for peace talks with Russia.

But Putin failed to attend.

Leaders are expected to reiterate calls for a full and unconditional ceasefire today and demand Russia prove that they are serious about bringing its invasion to an end. For more than two months, Russia has failed to substantively respond to the US’ calls for a full, unconditional 30-day ceasefire and genuine peace talks.

Work has already begun on what further sanctions can be implemented to degrade Russia’s ability to prolong the war if Russia does not agree to a ceasefire. Today, leaders are expected to progress the conversations held in Kyiv at the weekend about sanctions, with a focus on Russian energy revenues.

Prime Minister Keir Starmer said:

People in Ukraine and across the world have paid the price for Putin’s aggression in Ukraine and across Europe, now he must pay the price for avoiding peace.

Putin’s tactics to dither and delay, while continuing to kill and cause bloodshed across Ukraine, is intolerable.

For the past three years, Ukraine has been fighting for peace and security, while Russia has sent thousands of young men and women to their deaths and compromised global stability.

Alongside the US and more than 30 other partners, we have been clear that we will not stand for Russia kicking a ceasefire down the road.

A full, unconditional ceasefire must be agreed and if Russia is unwilling to come to the negotiating table, Putin must pay the price.

During the summit, the Prime Minister is expected to lead a security roundtable with the Prime Minister of Sweden, Ulf Kristersson, as well as discussing with key partners including France, Germany, Italy, Poland and Ukraine latest efforts with the US to secure peace and an end of the bloodbath in Ukraine. It comes as Putin repeatedly ignored requests for peace talks in Istanbul this week.

The Kremlin’s biggest source of tax revenue is oil exports, and with forecasts cut by almost a quarter because of Western sanctions and compounding slowing global growth prices, further measures are likely to cause significant pain. Oil and gas tax revenues were already a third lower in dollar terms 2024 than in 2022, the first year of the war; and they are already down by almost 20% year-on-year in February and March.

The Prime Minister is clear that supporting Ukraine, and degrading Russia’s economy and ability to prolong the war as they wreak havoc across Europe, is vital to protecting national and Euro-Atlantic security, and delivering on the Government’s Plan for Change.

Russian aggression is plain for all to see. Just this week the Polish Prime Minister Donald Tusk revealed that the Russia Secret Service was behind a major blaze at a Polish shopping centre, while in a landmark decision, the International Civil Aviation Organisation ruled that the Russian Federation was behind the downing of Malaysian Airlines Flight MH17 in July 2014, killing 298 people, including 10 UK citizens.

Last week, the Prime Minister announced the UK’s largest ever package of sanctions on Russia’s Shadow Fleet. The sanctions will apply further pressure on the Russian economy, which is stalling as Putin’s national wealth fund starts to run out, the non-defence sector is in recession and global oil prices are falling.

Russia’s defence and security spending is now 40% of all federal spending and 8% GDP – a post-1990 high and double the size of federal social services spending.

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Published 15 May 2025
MIL OSI United Kingdom –
May 16, 2025

MIL-OSI Security: Additional 12 Defendants Charged in RICO Conspiracy for over $263 Million Cryptocurrency Thefts, Money Laundering, Home Break-Ins

Source: Office of United States Attorneys

WASHINGTON – A four-count superseding indictment, unsealed today in U.S. District Court, charges 12 additional people – Americans and foreign nationals – for allegedly participating in a cyber-enabled racketeering conspiracy throughout the United States and abroad that netted them more than $263 million. Several were arrested this week in California, while two remain abroad and are believed to be living in Dubai.

The superseding indictment and the arrests were announced by U.S. Attorney Jeanine Ferris Pirro, FBI Special Agent in Charge Sean Ryan of the Washington Field Office Criminal and Cyber Division, and Executive Special Agent in Charge Kareem A. Carter of the Internal Revenue Service – Criminal Investigation Washington, D.C. Field Office.

The defendants, listed below, face charges that include RICO conspiracy, conspiracy to commit wire fraud, money laundering, and obstruction of justice. The superseding indictment adds charges originally brought against Malone Lam on Sept. 19, 2024.

According to the superseding indictment, the enterprise began no later than October 2023 and continued through March 2025. It grew from friendships developed on online gaming platforms.

Members of the enterprise held different responsibilities. The various roles included database hackers, organizers, target identifiers, callers, money launderers, and residential burglars targeting hardware virtual currency wallets.

Database hackers hacked websites and servers to obtain cryptocurrency-related databases or purchased databases on the darkweb. Organizers and target identifiers organized and collated information across the databases to determine the most valuable targets. Callers cold-called victims and used social engineering to convince them their accounts were the subject of cyberattacks and the enterprise callers were attempting to help secure their accounts. Money launderers received the stolen crypto currency and turned it into fiat U.S. currency in the form of bulk cash or wire transfers.

According to the indictment, members and associates of the enterprise used the stolen virtual currency to purchase, among other things, nightclub services ranging up to $500,000 per evening, luxury handbags valued in the tens of thousands of dollars that were given away at nightclub parties, luxury watches valued between $100,000 and $500,000, luxury clothing valued in the tens of thousands of dollars, rental homes in Los Angeles, the Hamptons, and Miami, private jet rentals, a team of private security guards, and a fleet of at least 28 exotic cars ranging in value from $100,000 to $3.8 million.

According to the indictment, members of the enterprise laundered stolen cryptocurrency proceeds by moving the funds through various mixers and exchanges using “peel chains,” pass-through wallets, and virtual private networks to mask their true identities.

The indictment alleges that in one instance on Aug. 18, 2024, Malone Lam and contacted a victim in D.C. and, through the communications with that victim, fraudulently obtained over 4,100 Bitcoin — worth over $230 million at the time. In another instance in July 2024, Malone Lam and others are accused of stealing over $14 million in cryptocurrency from an additional victim.

The indictment alleges that members of the enterprise also committed home break-ins. As alleged in the Indictment, Marlon Ferro traveled to New Mexico in July 2024 and broke into a victim’s home to steal their hardware virtual currency wallet while Lam monitored the victim’s location by logging into his iCloud account.

The superseding indictment also alleges that the enterprise engaged in significant money laundering activity. Kunal Mehta, Hamza Doost, Joel Cortez, and Evan Tangeman are alleged to have engaged in unlicensed crypto-to-cash services for the enterprise, obtained luxury rental homes for members of the enterprise using fake identity documents, booked private jet travel with stolen cryptocurrency for the enterprise, concealed ownership of exotic cars by registering them in shell company names, and shipped bulk cash through US mail to members of the enterprise hidden in squishmallow stuffed animals.

Following his arrest in September 2024 and continuing while in pretrial detention, Lam is alleged to have continued working with members of the enterprise to pass and receive directions, collect stolen cryptocurrency, and to have enterprise members buy luxury Hermes Birkin bags and hand deliver them to his girlfriend in Miami, Florida.

This ongoing investigation is being handled by the U.S. Attorney’s Office for the District of Columbia, the FBI’s Washington Field Office, and the IRS-Criminal Investigation Washington D.C. Field Office. Significant investigative and operational support was provided by the FBI’s Los Angeles and Miami field offices.

The matter is being prosecuted by Assistant United States Attorney Kevin Rosenberg, Acting Deputy Chief of the Fraud, Public Corruption, and Civil Rights Section of the U.S. Attorney’s Office for the District of Columbia.

If found guilty, the defendants’ sentences will be determined by the court based on the advisory Sentencing Guidelines and other statutory factors.

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

Defendants

NAME, AGE, & ALLEGED ROLE

AKAs

HOMETOWN

CHARGES

Malone Lam, 20, Social Engineering, Organizer	“King Greavys,” “$$$,” “7,” “Kg,” “Anne Hathaway”	Miami, Florida, Los Angeles, Calif., Singapore	RICO Conspiracy, Conspiracy to Commit Wire Fraud, Conspiracy to Launder Monetary Instruments
Marlon Ferro, 19, Money Laundering, Residential Burglary	“Marlo,” “GothFerrari”	Santa Ana, California	RICO Conspiracy, Conspiracy to Commit Wire Fraud, Conspiracy to Launder Monetary Instruments
Hamza Doost, 21, Money Laundering	“Scyllia”	Hayward, California	RICO Conspiracy, Conspiracy to Launder Monetary Instruments
Conor Flansburg, 21, Database Hacker, Caller, and Organizer	“O O,” “Green Room,” “@d0uu0b”	Newport Beach, California	RICO Conspiracy, Conspiracy to Commit Wire Fraud
Kunal Mehta, 45, Money Laundering	“Papa,” “The Accountant,” “Shrek,” “Neil”	Irvine, California	RICO Conspiracy, Conspiracy to Launder Monetary Instruments
Ethan Yarally, 18, Caller	“Rand,” “15%”	Richmond Hill, New York	RICO Conspiracy, Conspiracy to Commit Wire Fraud
Cody Demirtas, 19, Caller	“KO,” “Kody”	Stuart, Florida	RICO Conspiracy, Conspiracy to Commit Wire Fraud
Aakash Anand, 22, Caller, Money Laundering	“Light,” “Dark”	New Zealand	RICO Conspiracy, Conspiracy to Commit Wire Fraud, Conspiracy to Launder Monetary Instruments
Evan Tangeman, 21, Money Laundering	“E,” “Tate,” “Evan \| Exchanger”	Newport Beach, California	RICO Conspiracy, Conspiracy to Launder Monetary Instruments
Joel Cortes, 21, Money Laundering	“J”	Laguna Niguel, California	RICO Conspiracy, Conspiracy to Launder Monetary Instruments
First Name Unknown-1 , Last Name Unknown-1, Database Hacker	“Chen,” “Squiggly”	Unknown	RICO Conspiracy, Conspiracy to Commit Wire Fraud, Conspiracy to Launder Monetary Instruments
First Name Unknown-2 , Last Name Unknown-2, Database Hacker	“Danny” “Meech”	Unknown	RICO Conspiracy, Conspiracy to Commit Wire Fraud, Conspiracy to Launder Monetary Instruments
John Tucker Desmond, 19, Destroyed Evidence	–	Huntington Beach, California	Obstruction of Justice

24cr417

MIL Security OSI –

May 16, 2025

MIL-OSI Security: Laotian National Arrested for Possessing a Firearm as a Convicted Felon and Possessing a Firearm as an Illegal Alien

Source: Office of United States Attorneys

CONCORD – A convicted felon from Laos was arrested this morning for the unlawful possession of a firearm, Acting U.S. Attorney Jay McCormack announces.

Vongpasith Khamvongsa, 45, a Laotian national unlawfully residing in Somersworth, was indicted on charges of being an illegal alien in possession of a firearm and being a felon in possession of a firearm. He appeared in federal court today.

The charging statute provides a sentence of no greater than 15 years in prison, up to three years of supervised release, and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

The Bureau of Alcohol, Tobacco, and Firearms and Somersworth Police Department led the investigation. Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

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

The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

###

MIL Security OSI –

May 16, 2025
MIL-OSI Security: Tulsa Resident Pleads Guilty To Theft In Indian Country

Source: Office of United States Attorneys

MUSKOGEE, OKLAHOMA – The United States Attorney’s Office for the Eastern District of Oklahoma announced that Tommy Allen Winkler, age 37, of Tulsa, Oklahoma, entered a guilty plea to an Information of one count of Theft in Indian Country.

The Information alleged that on November 16, 2022, and continuing until June 14, 2024, Winkler took and carried away, with intent to steal and purloin, money and personal property of three victims with a value exceeding $1,000.00.

The crime occurred in Muskogee County, within the boundaries of the Muscogee (Creek) Nation Reservation, in the Eastern District of Oklahoma.

The charge arose from an investigation by the Federal Bureau of Investigation.

The Honorable D. Edward Snow, U.S. Magistrate Judge in the United States District Court for the Eastern District of Oklahoma, accepted the plea and ordered the completion of a presentence investigation report.

A U.S. District Court Judge will determine the sentence to be imposed after considering the U.S. Sentencing Guidelines and other statutory factors.

Winkler was released on bond pending sentencing.

Assistant U.S. Attorney Joshua Satter represented the United States.

MIL Security OSI –

May 16, 2025
MIL-OSI: Primech AI Showcases Revolutionary HYTRON LITE Bathroom Cleaning Robot at Facilities Management Community of Practice Event in Singapore
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), participated in the Facilities Management Community of Practice (FM CoP) Session on Robotics co-organised by the Building and Construction Authority and JTC Corporation. The event at Temasek Polytechnic brought together industry leaders to explore innovative robotic solutions for the facilities management sector.

Charles Ng, Co-Founder and Chief Operating Officer of Primech AI, delivered a presentation titled “Pioneering the Future of Robotics in Facilities Services,” highlighting the Company’s latest innovation, the HYTRON LITE bathroom cleaning robot. Powered by the NVIDIA Jetson Orin Nano Super and designed specifically for compact bathroom environments, HYTRON LITE represents Primech AI’s commitment to addressing the unique challenges of urban facilities management.

“We were honored to share our vision for the future of cleaning robotics with Singapore’s facilities management community,” said Ng. “The HYTRON LITE demonstrates our focus on creating purpose-built solutions that address real-world challenges in space-constrained environments. Our presentation explored not only the technical capabilities of our robots but also our market expansion strategies both in Singapore and internationally.”

The FM CoP Session on Robotics featured a comprehensive program addressing key aspects of robotics implementation in the built environment:
- Temasek Polytechnic presented real-world use cases and challenges faced when adopting robotic solutions
- HOPE Technik discussed enabling infrastructure for robots in buildings and highlighted technical standards
- Primech AI showcased the HYTRON LITE and discussed market expansion strategies
- A live demonstration of HYTRON LITE provided attendees with a full appreciation of its capabilities
The event highlighted Singapore’s position at the forefront of smart facility management innovation, with Primech AI playing a key role in advancing autonomous cleaning solutions. The Company’s participation underscored the growing importance of robotic solutions in addressing labor challenges and enhancing operational efficiency in the facilities management sector.

“Events like the FM CoP Session are crucial for knowledge sharing and industry advancement,” added Ng. “We were delighted to demonstrate how our technological innovations can transform cleaning operations in facilities across Singapore and beyond.”

The demonstration of the HYTRON LITE generated significant interest among the approximately 80-100 attendees, with many facilities managers expressing interest in the robot’s compact design and advanced AI capabilities. The live demonstration allowed participants to witness firsthand how the robot navigates tight spaces and performs cleaning tasks efficiently.

About the Facilities Management Community of Practice (FM CoP)
The Facilities Management Community of Practice (FM CoP) initiative by the Building and Construction Authority and JTC Corporation brings together professionals in the facilities management sector to share knowledge, experiences, and best practices. The FM CoP Sessions focus on specific topics relevant to advancing Singapore’s facilities management sector.

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

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

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

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

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

The MIL Network –
May 16, 2025
MIL-OSI USA: Thomas Day State Historic Site Debuts New Tour Schedule

Source: US State of North Carolina

Headline: Thomas Day State Historic Site Debuts New Tour Schedule

Thomas Day State Historic Site Debuts New Tour Schedule
jejohnson6
Thu, 05/15/2025 – 16:51

Thomas Day State Historic Site is pleased to announce that starting May 13, the site will offer regularly scheduled walk-in tours to visitors for the first time. Previously, tours were available by advance reservation only. Acquired by the N.C. Division of State Historic Sites in 2024, the site is still under development and will continue to expand opportunities for the public to learn about the life and times of Thomas Day.

Thomas Day State Historic Site is at 148 NC-57 in Milton, N.C.

Guided tours will be available Tuesday-Saturday, at 10 and 11 a.m., noon, and 2 and 3 p.m. All tours will begin at the Thomas Day House. The tour fee is $2 for adults and $1 for children, seniors, and military. Groups of 10 or more who would like a tour should call or email the site in advance to schedule a visit.

“Our staff has been working diligently behind the scenes for months to ready the site for this next stage,” said site manager DeAsia Noble. “We are thrilled that visitors to Milton can now drop in, take a tour, and learn about the remarkable life of Thomas Day.”

About Thomas Day State Historic Site
Thomas Day State Historic Site interprets the life and work of Thomas Day, a free Black master craftsman who was renowned for his skill and artistry in creating furniture in antebellum North Carolina. The site consists of Day’s house and workshop, as well as the Historic Milton State Bank building. The site is located at 148 NC-57 in Milton, N.C. For more information, visit https://historicsites.nc.gov/all-sites/thomas-day-state-historic-site or call (336) 592-8120.

About the North Carolina Department of Natural and Cultural Resources
The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.

The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.

May 12, 2025

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Future Waters Gallery Opens May 23 at NC Aquarium at Pine Knoll Shores

Source: US State of North Carolina

Headline: Future Waters Gallery Opens May 23 at NC Aquarium at Pine Knoll Shores

Future Waters Gallery Opens May 23 at NC Aquarium at Pine Knoll Shores
jejohnson6
Thu, 05/15/2025 – 16:40

PINE KNOLL SHORES

The North Carolina Aquarium at Pine Knoll Shores announces the grand opening of its newly reimagined Future Waters gallery, opening to the public on May 23. After three years of meticulous planning, design, and construction, the gallery promises an immersive, hands-on experience that connects guests directly with the Aquarium’s conservation and sustainability efforts. The Aquarium is part of the N.C. Department of Natural and Cultural Resources.

The highly anticipated, brightly colored, comic-themed gallery is a transformative addition to the Aquarium’s visitor experience. The gallery features interactive exhibits, a 1,500-gallon saltwater coral reef habitat called Conservation Cove, and working labs that highlight the Aquarium’s sustainable aquaculture efforts and the Florida Reef Tract Rescue Project (FRTRP).

“Before this gallery, much of our conservation work took place behind the scenes. This updated gallery now highlights these efforts and provides guests with interactive opportunities to experience these amazing ongoing conservation projects,” said Clint Taylor, NCAPKS director.

The Future Waters gallery was made possible by a $240,808 grant from the Institute of Museum and Library Services (IMLS), the largest ever awarded to the North Carolina Aquariums by the IMLS.

Interactive Learning
At the heart of the gallery is a focus on education and future-focused conservation themes.

The design features large-scale, sculptural coral reefs, a projection mapping interactive where visitors can touch icons that trigger comic-style animations explaining each step in the aquaculture process, videos that interpret coral restoration and aquaculture, interactive microscope, a 360-degree interactive video kiosk that puts guests underwater during coral restoration, and many other tactile components.

The ACT Lab:
A major highlight of the gallery is the Aquarium Conservation and Technology (ACT) Lab. The ACT Lab invites visitors to observe aquarists as they raise marine species from eggs laid within the Aquarium’s habitats.

“Since initiating the aquaculture program across the NC Aquariums Division, the team has propagated over 23 different species collectively. Many of them have been shared with numerous facilities throughout the Association of Zoos and Aquariums (AZA) community through larval rearing programs and species survival plans,” Trent Boyette, NCAPKS husbandry curator.

The Coral Lab:
In the adjacent lab, guests can view live corals growing as part of the Florida Reef Tract Rescue Project (FRTRP). The FRTRP Lab in Future Waters will serve as a grow-out facility for endangered corals.

Currently, there are approximately eight approved spawning facilities and over 20 grow-out facilities with increasing numbers of participants every year. The ultimate goal of the FRTRP is to spawn these corals, grow them up, and then return them to the Florida Keys in hopes of restoring the area’s coral reef.

The new Future Waters gallery will open to the public on May 23. General admission and membership reservations can be made online in advance by visiting www.ncaquariums.com/pine-knoll-shores.

About the North Carolina Aquarium at Pine Knoll Shores
The North Carolina Aquarium at Pine Knoll Shores is five miles west of Atlantic Beach at 1 Roosevelt Blvd., Pine Knoll Shores, N.C. 28512. The Aquarium is open 9 a.m. – 5 p.m. daily. Its mission is to inspire the appreciation and conservation of North Carolina’s aquatic environments and animals. The Aquarium is under the North Carolina Department of Natural and Cultural Resources and is accredited by the Association of Zoos and Aquariums. For more information, please visit www.ncaquariums.com/pine-knoll-shores or call 252-247-4003.

About the North Carolina Department of Natural and Cultural Resources
The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.

The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.

May 15, 2025

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Terry Sanford to be Featured on N.C. Highway Historical Marker

Source: US State of North Carolina

Headline: Terry Sanford to be Featured on N.C. Highway Historical Marker

Terry Sanford to be Featured on N.C. Highway Historical Marker
jejohnson6
Thu, 05/15/2025 – 16:47

A man who served as governor, U.S. Senator and university president soon will be recognized with a North Carolina Highway Historical Marker. The N.C. Historical Marker Program is part of the N.C. Department of Natural and Cultural Resources.

The marker commemorating Terry Sanford will be unveiled Friday, May 23 at 11 a.m., during a roadside ceremony at the intersection of NC 751 and Science Drive in Durham.

Sanford, who served as governor of North Carolina from 1961-65, also served his state and country in numerous roles throughout his public career.

Born Aug. 20, 1917, in Laurinburg, N.C., Sanford was the second of five children in a middle-class family. He attended Presbyterian Junior College (now St. Andrews Presbyterian College) and then the University of North Carolina at Chapel Hill, graduating from the latter in 1939. While at the UNC, Sanford met fellow student Margaret Rose Knight, whom he would marry in 1942, and the couple would have two children.

Following graduation, Sanford entered the University of North Carolina School of Law. While continuing to study law, Sanford joined the Federal Bureau of Investigation in December 1941 and after training, he was assigned to duty in Ohio and Missouri. Following the entry of the United States into World War II, Sanford enlisted in the Army on the first anniversary of the attack on Pearl Harbor. He was assigned first to the 501st Parachute Infantry Regiment as a medic, and then to the 517th Parachute Infantry Regiment. In the latter regiment, he saw combat in Italy, southern France, and Belgium (the Battle of the Bulge).

Following the war, Sanford reentered law school and graduated from the university in 1946. He was admitted to the state bar later in the year. Already entertaining ambitions to one day run for governor, he became assistant director of the University of North Carolina’s Institute of Government before becoming a full-time attorney in Fayetteville. He also served as a captain in the North Carolina Army National Guard.

A slow but steady rise in the Democratic Party of North Carolina and state government followed over the next few years, including a job in the North Carolina State Ports Authority, presidency of the North Carolina Young Democratic Clubs, state senator representing the 10th District, and campaign manager for former governor W. Kerr Scott’s successful 1954 run for the U.S. Senate, culminating with his successful run for governor in 1960.

In December 1969, he was selected to be the new president of Duke University. Upon inauguration, he immediately ended a cap on the number of Jewish students who could be enrolled at the school. Facing a budget deficit and a small endowment, he worked to attract more students, increase enrollment, and increase annual donations. He also sought to improve relations between the student body and the administration, declaring opposition to the Vietnam War, supporting peaceful protest, and increasing student involvement in administration operations. He established the Institute of Policy Studies and Public Affairs, now the Sanford School of Public Policy.

In 1986, Sanford was elected to the U.S. Senate. He supported efforts to bring about an end to the civil war in Nicaragua and created an International Commission for Central American Recovery and Development to promote regional development under the oversight of the Center for International Development Research at Duke University. As in the case of the North Carolina Fund, the commission would be funded by private philanthropy. The commission became informally known as the “Sanford Commission,” although he was not a member. He also participated in efforts to recruit Democratic candidates for the 1988 presidential election. He ran for reelection in 1992 but lost to Republican candidate Lauch Faircloth.

Sanford devoted his remaining years to law and teaching at Duke. He died of cancer at home on April 18, 1998, and was interred at Duke Chapel.

For more information about the historical marker, please visit https://www.dncr.nc.gov/blog/2024/07/10/terry-sanford-1917-1998-g-144, or call (919) 814-6625

The Highway Historical Marker Program is a collaboration between the N.C. departments of Natural and Cultural Resources and Transportation.

About the North Carolina Department of Natural and Cultural Resources
The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.

The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.

May 15, 2025

MIL OSI USA News –

May 16, 2025
MIL-OSI: Welsbach Technology Metals Acquisition Corp. (“WTMA”) and Evolution Metals LLC (“EM”) Announce Effectiveness of SEC Registration Statement Ahead of Strategic Business Combination

Source: GlobeNewswire (MIL-OSI)

Chicago, IL and St. Louis, MO , May 15, 2025 (GLOBE NEWSWIRE) — Welsbach Technology Metals Acquisition Corp. (OTC: WTMA), a publicly traded special purpose acquisition company, and Evolution Metals LLC, which is dedicated to developing a secure, reliable global supply chain for critical minerals and materials (CMM), today announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective their registration statement on Form S-4, paving the way for the consummation of this previously- announced business combination.

In connection with the business combination WTMA and EM plan to acquire 100% interest of five operating companies: (1) KCM Industry Co., Ltd., (2) NS World Co., Ltd., (3) KMMI INC., (4) Handa Lab Co., Ltd., and (5) Critical Mineral Recovery, Inc. Upon closing, the combined company will be renamed Evolution Metals & Technologies Corp. (“EM&T” or referred to in the Form S-4 as “New EM”), and expects to trade on Nasdaq under the symbol EMAT.

EM&T’s business is to leverage advanced technologies such as robotics and artificial intelligence (AI) to provide integrated midstream and downstream CMM recycling and processing of oxides, metals, magnet alloys, battery materials, and rare earth magnets for key industries including, but not limited to, the automotive, aerospace, defense, healthcare, high tech, consumer electronics and appliances, and renewable energy industries, while driving a sustainable future.

“This is an important step in our mission to build a Western critical materials champion,” said Daniel Mamadou, CEO of Welsbach Technology Metals Acquisition Corp. “It perfectly aligns with our original vision to bring together proven technologies, experienced operators, and strategic capital to solve one of the most urgent supply chain vulnerabilities in the Western world. EM&T is not just another company – we believe it is the platform that will deliver on what others have only promised.”

David Wilcox, Managing Member of Evolution Metals LLC, added, “Today marks a transformative step toward American resilience in critical materials. This merger represents a direct response to the policy imperatives outlined by the U.S. government from reshoring strategic industries to securing CMM supply chains. The future of EM&T is built to execute on those priorities with speed and scale. “The immediate need for critical minerals and materials is mid-stream processing. Without the combined expertise of separation, salts for batteries, metals, alloys, metallics, sintered and bonded magnet-making capabilities under one Western roof, Chinese companies will continue to monopolize key steps in this supply chain, leaving all other nations and industries vulnerable. By integrating CMM recycling, processing, and advanced materials production, EM&T expects to be positioned to reduce dependence on China-controlled supply chains and strengthen America’s industrial and national security. EM&T plans to deliver real impact – environmentally, strategically, and economically.”

About Welsbach Technology Metals Acquisition Corp.

Welsbach Technology Metals Acquisition Corp. (OTC: WTMA) is a blank check company focused on identifying high-impact technology metals businesses aligned with global sustainability and security trends. One of WTMA’s co-sponsors, Welsbach Holdings Pte Ltd, is an independent platform focused on the support and development of projects related to technology metals and materials.

About Evolution Metals LLC

Evolution Metals LLC is committed to establishing a secure, robust and reliable supply chain for critical minerals & materials (CMM) that is 100% independent of China for sourcing or supplying feedstocks. EM’s strategy is to acquire and develop manufacturing, recycling and processing facilities to produce essential products (including magnets, battery feedstocks and related materials) for industrial uses such as, but not limited to, electric vehicles, electronics, environmental technologies and aerospace and defense applications. EM aims to support the creation of jobs, industry and manufacturing to promote a greener future by providing bespoke solutions to support its clients globally.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements made in this press release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “strive,” “target,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking . The forward-looking statements are based on the current expectations and beliefs of the management of WTMA and EM, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by WTMA and the following: WTMA’s ability to complete the proposed Business Combination or, if WTMA does not consummate such proposed Business Combination, any other initial business combination; the risk that the consummation of the proposed Business Combination is significantly delayed; the ability to recognize the anticipated benefits of the proposed Business Combination; the risk that the announcement and consummation of the proposed Business Combination disrupts EM’s current plans; New EM’s ability to successfully integrate the business and operations of the target companies (the “Target Companies”) into its ongoing business operations and realize the intended benefits of New EM’s acquisition of the Target Companies; New EM’s ability to secure sufficient funding to successfully rebuild Critical Mineral Recovery Inc.’s recycling facility with significant expansion on management’s expected timeline and budget, or at all; unexpected costs related to the proposed Business Combination; expectations regarding New EM’s strategies and future financial performance, including future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, product and service acceptance, market trends, liquidity, cash flows and uses of cash, capital expenditures, and New EM’s ability to invest in growth initiatives; satisfaction or waiver (if applicable) of the conditions to the proposed Business Combination, including, among other things: (i) approval of the proposed Business Combination and related agreements and transactions by the WTMA stockholders, the holder of the EM member units and the holders of the equity interests of the other Target Companies, (ii) receipt of approval for listing on Nasdaq Stock Market LLC (“Nasdaq”) the shares of WTMA common stock to be issued in connection with the Business Combination, and (iii) the absence of any injunctions; that the amount of cash available in the trust account and from certain other investments is at least equal to the minimum available cash condition amount, after giving effect to redemptions by WTMA stockholders and certain transaction expenses; the occurrence of any other event, change or other circumstances that could give rise to the termination of the Merger Agreement; the implementation, market acceptance and success of New EM’s business model and growth strategy; the ability to obtain or maintain the listing of New EM’s common stock on Nasdaq following the proposed Business Combination; limited liquidity and trading of WTMA’s public securities; the amount of any redemptions by existing holders of WTMA common stock being greater than expected; WTMA’s ability to raise financing in the future; WTMA’s success in retaining or recruiting, or changes required in, New EM’s officers, key employees or directors following the completion of the proposed Business Combination; WTMA officers and directors allocating their time to other businesses and potentially having conflicts of interest with WTMA’s business or in approving the proposed Business Combination; the use of proceeds not held in the trust account or available to WTMA from interest income on the trust account balance; the impact of the regulatory environment and complexities with compliance related to such environment, including New EM’s ability to meet, and continue to meet, applicable regulatory requirements; New EM’s ability to execute its business plan, including with respect to its technical development and commercialization of products, and its growth and go-to-market strategies; New EM’s ability to achieve sustained, long-term profitability and commercial success; operational risks, including with respect to New EM’s use of agents or resellers in certain jurisdictions, New EM’s ability to scale up its manufacturing quantities of its products, New EM’s outsourcing of manufacturing and such manufacturers’ ability to satisfy New EM’s manufacturing needs on a timely basis, the availability of components or raw materials used to manufacture New EM’s products and New EM’s ability to process customer order backlog; New EM’s revenue deriving from a limited number of customers; geopolitical risk and changes in applicable laws or regulations, including with respect to New EM’s planned operations outside of the U.S. and Korea; New EM’s ability to attract and retain talented personnel; New EM’s ability to compete with companies that have significantly more resources; New EM’s ability to meet certain certification and compliance standards; New EM’s ability to protect its intellectual property rights and ability to protect itself against potential intellectual property infringement claims; the outcome of any known and unknown litigation and regulatory proceedings, including any proceedings that may be instituted against WTMA or EM following announcement of the proposed Business Combination; the potential characterization of New EM as an investment company subject to the Investment Company Act of 1940, as amended; and other factors detailed under the section entitled “Risk Factors” in the Registration Statement on Form S 4, initially filed with the SEC on November 12, 2024, as amended (the “Registration Statement”). Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of WTMA, EM and the other Target Companies prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Except to the extent required by applicable law or regulation, WTMA, EM and the other Target Companies undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

Additional Information and Where to Find It

WTMA has filed the Registration Statement with the SEC, which was declared effective by the SEC on May 14, 2025. The Registration Statement includes a document that serves as a proxy statement and prospectus of WTMA, referred to as a “proxy statement/prospectus,” containing information about the proposed Business Combination and the respective businesses of WTMA, EM and the Target Companies. WTMA will mail a definitive proxy statement/prospectus and other relevant documents to WTMA stockholders. WTMA stockholders are urged to read the preliminary proxy statement/prospectus and any amendments thereto and, when available, the definitive proxy statement/prospectus in connection with the solicitation of proxies for the special meeting to be held to approve the proposed Business Combination, because these documents will contain important information about WTMA, EM, the other Target Companies and the proposed Business Combination. The definitive proxy statement/prospectus will be mailed to stockholders of WTMA as of a record date established for voting on the proposed Business Combination. Stockholders of WTMA will also be able to obtain a free copy of the proxy statement/prospectus, as well as other filings containing information about WTMA without charge, at the SEC’s website (www.sec.gov). Copies of the proxy statement/prospectus and WTMA’s other filings with the SEC can also be obtained, without charge, by directing a request to: chris@welsbach.sg. The information contained in, or that can be accessed through, WTMA’s website is not incorporated by reference in, and is not part of, this press release.

No Offer or Solicitation

This press release does not constitute (i) a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed Business Combination, or (ii) an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a definitive offering document.

Participants in the Solicitation

WTMA and EM and their respective directors and officers or managers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed Business Combination. WTMA stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of WTMA in WTMA’s proxy statement/prospectus. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from WTMA’s stockholders in connection with the proposed Business Combination will be included in the proxy statement/prospectus that WTMA intends to file with the SEC.

Investor & Media Contacts

Judith McGarry
Evolution Metals LLC
Tel: +1 (415) 971-2900
Email: judith.mcgarry@evolution-metals.com

Daniel Mamadou
Chief Executive Officer
Welsbach Technology Metals Acquisition Corp.
Tel: +1 (251) 280-1980
Email: daniel@welsbach.sg

Private Investment in Public Equity (“PIPE”)
Email: PIPE@Evolution-Metals.com

The MIL Network –

May 16, 2025
MIL-OSI: Trust Stamp files its 2025 Q1 10-Q and provides forward-looking estimates
Source: GlobeNewswire (MIL-OSI)

Atlanta, GA, May 15, 2025 (GLOBE NEWSWIRE) — Trust Stamp announced that:
1. It filed its Q1 10-Q report for the three months ended 31 March 2025 after the Nasdaq market closed on May 15th, 2025.
2. Q1 2025 recognized revenue was $545 thousand, decreased from $574 thousand for Q1 of 2024, with an additional $197 thousand of revenue fully earned but subject to deferred recognition under ASC 606.
3. Estimates of anticipated revenue from existing contracted customers for FY 2025 are believed to exceed $5.0m and do not include projected revenue from contracted customers that are not yet revenue-generating.
1. Continuing expense reductions for the balance of 2025 are estimated to result in new savings of $0.18m per month compared to expenses in 2024.
1. Cash burn for the remaining nine months of 2025 is estimated at an average of $0.24m per month based solely on projected revenue from contracted customers that are currently revenue-generating. The Company believes its projected burn is covered by cash on hand (supplemented by an unused $6.1m “At The Market” equity distribution agreement that was announced on February 25th, 2025) as well as anticipated revenues described above.
In addition, Trust Stamp announced that as of the date of this release, institutional customers registered on the Orchestration Layer platform have increased to ninety-four from eighty at the end of Q4 2024, with the addition of twelve community banks and two credit unions.

Inquiries:
Trust Stamp Email: Shareholders@truststamp.ai

About Trust Stamp

Trust Stamp is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.

With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

Safe Harbor Statement: Caution Concerning Forward-Looking Remarks

All statements in this release that are not based on historical fact are “forward-looking statements” including 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 information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events based on information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these statements.

The MIL Network –
May 16, 2025
MIL-Evening Report: A trial is testing ways to enforce Australia’s under-16s social media ban. But the tech is flawed

Source: The Conversation (Au and NZ) – By Alexia Maddox, Senior Lecturer in Pedagogy and Education Futures, La Trobe University

De Visu/Shutterstock

Australia’s move to ban under-16s from social media is receiving widespread praise. Other countries, including the United Kingdom, Ireland, Singapore and Japan, are also now reportedly considering similar moves.

The ban was legislated in November 2024 and is due to take effect in December 2025. The law says social media platforms can’t use official IDs such as passports to check Australian users’ ages, and shouldn’t track Australians. But it doesn’t specify the alternative.

To test alternative methods, the federal government commissioned a trial of currently available technologies designed to “assure” people’s age online. Run by the Age Check Certification Scheme, a UK-based company specialising in testing and certifying identity verification systems, the trial is in its final stages. Results are expected at the end of June.

So what are the technologies being trialled? Are they likely to work? And how might they – and the social media ban itself – alter the relationship all of us have with our dominant forms of digital communication?

Dead ends for age verification

Age verification confirms a person’s exact age using verified sources such as government-issued IDs. Age assurance is a broader term. It can include estimation techniques such as analysing faces or metadata to determine if users meet age requirements.

In 2023 the federal government rejected mandating verification technologies for age-gating pornography sites. It found them “immature” with significant limitations. For example, database checks were costly and credit card verification could be easily worked around by minors.

Nonprofit organisation Digital Rights Watch also pointed out that such systems were easily bypassed using virtual private networks – or VPNs. These are simple tools that hide a user’s location to make it seem like they are from a different country.

Age assurance technologies bring different problems.

For example, the latest US National Academies of Sciences report shows that facial recognition systems frequently misidentify children because their facial features are still developing.

Improving these systems would require massive collections of children’s facial images. But international human rights law protects children’s privacy, making such data collection both legally and ethically problematic.

Flawed testing of innovative tech?

The age assurance technology trial currently includes 53 vendors hoping to win a contract for new innovative solutions.

A range of technology is being trialled. It includes facial recognition offering “selfie-based age checks” and hand movement recognition technologies that claim to calculate age ranges. It also includes bespoke block chains to store sensitive data on.

There are internal tensions about the trial’s design choices. These tensions centre on a lack of focus on ways to circumvent the technology, privacy implications, and verification of vendors’ efficacy claims.

While testing innovation is good, the majority of companies and startups such as IDVerse, AgeCheck, and Yoti in the trial, will likely not hold clout over the major tech platforms in focus (Meta, Google and Snap).

This divide reveals a fundamental problem: the companies building the checking tools aren’t the ones who must use them in the platforms targeted by the law. When tech giants don’t actively participate in developing solutions, they’re more likely to resist implementing them later.

Google recently proposed storing ID documents in Google Wallet for age verification.
nitpicker/Shutterstock

Unresponsive tech companies

Some major tech companies have shown little interest in engaging with the trial. For example, minutes from the trial’s March advisory board meeting reveal Apple “has been unresponsive, despite multiple outreach attempts”.

Apple has recently outlined a tool to transmit a declared age range to developers on request. Apple suggests iOS will default the age assurance on Apple devices to under 13 for kids’ accounts. This makes it the responsibility of parents to modify age, the responsibility of developers to recognise age, and the responsibility of governments to legislate when and what to do with an assured age per market.

Google’s recent Google Wallet proposal for age assurance also misses the mark on privacy concerns and usefulness.

The proposal would require people over 16 to upload government-issued IDs and link them to a Google account. It would also require people trust Google not track where they go across the internet, via a privacy-preserving technology that remains a promise.

Crucially, Meta’s social media platforms such as Facebook and Instagram also do not let you login with Google credentials. After all, they are competitors. This raises questions about the usefulness of Google’s proposal to assure age across social media platforms as part of the government’s under-16s ban.

Meanwhile, Google is also suggesting AI chatbots should be directly targeted and available to children under 13, creating something akin to a “social network of one”, which are out of scope of the ban.

Rather than engage with Australian age verification systems, companies such as Apple and Google are promoting their own solutions which seem to prioritise keeping or adding users to their services, or passing responsibility elsewhere.

For the targeted platforms that enable online social interactions, delay in engagement fits a broader pattern. For example, in January 2025, Mark Zuckerberg indicated Meta would push back more aggressively against international regulations that threaten its business model.

A shift in internet regulation

Australia’s approach to banning under-16s from using social media marks a significant shift in internet regulation. Rather than age-gating specific content such as porn or gambling, Australia is now targeting basic communication infrastructure – which is what social media have become.

It centres the problem on children being children, rather than on social media business models.

The result is limiting childrens’ digital rights with experimental technologies while doing little to address the source of perceived harm for all of us. It prioritises protection without considering children’s rights to access information and express themselves. This risks leaving the most vulnerable children being cut off from digital spaces essential to their success.

Australia’s approach puts paternal politics ahead of technical and social reality. As we get closer to the ban taking effect, we’ll see how this approach to regulate social communication platforms offers young people respite from the platforms their parents fear – yet continue to use everyday for their own basic communication needs.

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. A trial is testing ways to enforce Australia’s under-16s social media ban. But the tech is flawed – https://theconversation.com/a-trial-is-testing-ways-to-enforce-australias-under-16s-social-media-ban-but-the-tech-is-flawed-256332

MIL OSI Analysis – EveningReport.nz –

May 16, 2025
MIL-Evening Report: Viral ‘Hongdae boy’ videos expose the fringe group of South Korean men trying to sleep with foreign women

Source: The Conversation (Au and NZ) – By Joanna Elfving-Hwang, Associate Professor (Korean Society and Culture), Dean International (Korea), Curtin University

Shutterstock

If you’re on TikTok, you may have come across “Hongdae boys” or “Hongdae guys” recently. In a social media context, the term refers to a group of young South Korean men who prey on foreign women (particularly white women) visiting the Hongdae area in Seoul’s Mapo district.

Largely made viral by popular South Korean TikToker Sean Solo (@itsseansolo) creating parodies of these men, Hongdae boys are depicted as men who make brazen (and slightly awkward) attempts at picking up unsuspecting tourists or foreign students.

Some of these women, who are often viewed as sexually “available”, have sometimes been inspired by K-dramas or K-pop idols to visit Korea in search of the perfect South Korean boyfriend.

So what’s behind the rise of Hongdae boy videos? And is Seoul turning into a place to avoid if you’re a young female traveller? Well, no. But Sean Solo’s parodies of this recognisable type of South Korean man shouldn’t be dismissed as purely comedy.

A trend warranting further attention

Much of the funny viral Hongdae boy content is aimed squarely at foreign audiences. In fact, your average South Korean is more likely to associate the phrase “Hongdae man” (Hongdae namja) with the “Hongdae look” that showcases carefully curated streetwear inspired by hip-hop, rap and vintage elements.

Hongdae, a famous nightlife spot, is very popular with foreign visitors and South Korean students. In the 1990s it became the cradle of the underground and indie music scene, and remains a buzzing centre for arts and culture.

Come nighttime, however, it has a reputation for becoming hookup central. There are even “hunting bars” (hunting pocha) where single men and women can go to try and find a match.

While Hongdae guys are by no means representative of all Korean men (a point Sean Solo emphasises) the fact these men exist, and have become a recognisable part of Hongdae’s nightlife, speaks to serious broader issues of misogyny and gendered thinking.

Ongoing issues for South Korean women

South Korea has a reputation for being socially conservative, and K-dramas have emphasised this squeaky clean image. But in recent years, a growing number of South Korean women have spoken out about issues of sexual harassment and violence, including a crisis of digital sex crimes.

Read more:
AI is fuelling a deepfake porn crisis in South Korea. What’s behind it – and how can it be fixed?

This has led to public demonstrations expanding on the global #MeToo movement.

We’ve also seen the rise of the so-called 4B movement (also called the “Four Nos”). Described as more of an individual lifestyle choice rather than an organised movement, the aim of 4B is to push back against societal standards imposed on South Korean women regarding marriage, childbirth and relationships.

As Asian studies expert Min Joo Lee notes, foreign women who are married to Korean men and living in Korea are often exoticised as dutiful housewives aspiring for “tradition”, while South Korean women are seen as troublesome and demanding.

Gender equality issues have also been used as a political football by some politicians. For instance, recently impeached President Suk Yeol Yoon’s 2022 presidential campaign relied on a narrative of male disempowerment to mobilise the vote of young, disaffected men.

Another setback came in late 2023, when the Supreme Court delivered a final verdict in a case deemed significant for the country’s #MeToo movement. It involved Seo Ji-hyun, a former prosecutor who, in 2018, filed a lawsuit seeking damages against a former male senior prosecutor who she accused of sexual harassment and abuse of power. The court dismissed her claims.

Foreign fantasies and reality

For foreign women unaware of South Korea’s gender inequality issues, and who expect the sugar-coated image of Korean men they’ve seen in K-pop or K-dramas, the reality of the hookup culture may come as a shock.

The disjuncture between reality and the foreign fantasy of South Korea has increasingly been of interest to social commentators and researchers like myself. My own research on the topic has identified a kind of “global Koreanness” that has taken on a life of its own in the imaginations of non-Korean fans overseas.

The Hongdae boy narrative is similar to the 4B movement in that it is fuelled by attention from outside South Korea. While the 4B movement was widely reported in Western media, it was driven by a relatively small group of courageous women who didn’t actually get mainstream attention in South Korea.

Nonetheless, having a spotlight on these women still amplified their struggle to fight back against gendered ideas of what’s expected of them. These are ideologies that might treat them as objects to be looked at and “consumed” (such as with K-pop idols), or expect them to prioritise marriage and childbearing, over their own careers, to address a declining population.

Hongdae boy videos, both comedic and otherwise, may have a similar effect. They’re drawing attention to the gendered expectations many South Korean women face, and the ways in which they are dismissed in their pursuit for equality.

Joanna Elfving-Hwang receives funding from the Core University Program for Korean Studies through the Ministry of Education of the Republic of Korea and Korean Studies Promotion Service of the Academy of Korean Studies (AKS-2022-OLU-2250005).

– ref. Viral ‘Hongdae boy’ videos expose the fringe group of South Korean men trying to sleep with foreign women – https://theconversation.com/viral-hongdae-boy-videos-expose-the-fringe-group-of-south-korean-men-trying-to-sleep-with-foreign-women-256475

MIL OSI Analysis – EveningReport.nz –

May 16, 2025
MIL-OSI USA: Spacewalk Research and Technology

Source: NASA

Crew members on the International Space Station periodically conduct spacewalks to perform a variety of tasks such as installing, upgrading, and repairing equipment. During a spacewalk on May 1, astronauts installed hardware to support the planned addition of a seventh roll-out solar array on the exterior of the space station. Each of these arrays produces more than 20 kilowatts of electricity and together they will increased power production by up to 30%, enabling more scientific operations on the orbiting lab.

Some spacewalks include operations for scientific research. On January 20, 2025, crew members collected samples for ISS External Microorganisms, an investigation examining whether microorganisms have exited through station vents and can survive in space. Results could help determine changes needed in design of spacecraft (including spacesuits) to prevent human-associated microbes from contaminating Mars and other exploration destinations.

The CSA (Canadian Space Agency) investigation EVA Radiation Monitoring, used a miniature, power-efficient wireless radiation measurement system or dosimeter worn by crew members during spacewalks. This type of device could help identify parts of the body that are exposed to the highest radiation levels during spacewalks. Results showed that this type of device is a feasible way to monitor individual dose during spacewalks. The device also has potential uses on Earth, such as monitoring radiation exposure during cancer treatments.

Spacesuits are essentially one-person spacecraft that protect their wearers from the hazards of space, including radiation and extreme temperatures. Space station research is helping improve the suits and tools for spacewalks and activities outside spacecraft and for the exploration of the Moon and Mars.
SpaceSkin on ExHAM, a JAXA (Japan Aerospace Exploration Agency) investigation, evaluated the durability of a fabric with imbedded sensors to detect damage. Sensors integrated into the exposed outermost layer of a spacesuit could detect damage such as impacts from micrometeoroids. Researchers documented factors to consider in design of textiles with sensing capabilities as well as the ability to withstand the hazards of space. Such fabrics could be integrated into spacesuits and habitats to help protect astronauts on spacewalks and future exploration missions.

Researchers use the Materials International Space Station Experiment or MISSE facility on the exterior of the space station for experiments exposing various materials and components to the harsh environment of space. Along with solar cells, electronics, and coatings, MISSE-7 tested pristine fibers from Apollo mission spacesuits and others scratched by lunar dust to examine the combined effects of abrasion and radiation damage. Researchers report that the fabrics significantly degraded, suggesting the need for ways to prevent or mitigate radiation damage to spacesuits on extended missions to the Moon.
MISSE-9 tested spacesuit materials treated with shear-thickening fluids. These suspensions of tiny particles in a fluid react to stress by quickly changing from a liquid to a solid. The research showed that the materials maintained their mechanical performance characteristics and puncture resistance after extended exposure.
Keeping cool also is important on a spacewalk, where temperatures can reach 250 degrees. SERFE, or Spacesuit Evaporation Rejection Flight Experiment, tested a technology using water evaporation to remove heat from a spacesuit so crew members and equipment remain at appropriate temperatures during spacewalks. A current cooling method, called sublimation, exposes small amounts of water to space, causing it to freeze and then turn into vapor that disperses, removing heat as it does so. The SERFE technology may be less susceptible to water contamination than sublimation.

Crew members use specialized airlocks to exit the station for spacewalks. Airlocks also make it possible to deploy satellites and other external equipment. The Nanoracks Bishop Airlock was the first commercially owned and operated airlock installed on the space station. Its size, design, and automation enable faster and more efficient movement of materials out of and into the station, reducing the crew and robotics time needed. In addition to facilitating spacewalks, this facility could support increased commercial use of the space station and expand research capabilities.

[embedded content]

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: King: “Siloing Innovation” Harms American Security, Entrepreneurialism

US Senate News:

Source: United States Senator for Maine Angus King
WASHINGTON, D.C. — U.S. Senator Angus King (I-ME), in a hearing of the Senate Armed Services Committee (SASC), spoke with Dr. William Greenwalt, the former Deputy Under Secretary of Defense for Industrial Policy, on the wide-ranging benefits of the United States’ collaboration with allies to bolster American defense modernization. During the exchange, Senator King noted that by retreating from our European, Japanese and Australian allies, we are “squandering that asset and siloing innovation.” Dr. Greenwalt agreed with Senator King, saying that cooperation with our allies is critical to the future of innovation and shared national security.
“Dr. Greenwalt, I was struck by what you said in your opening statement. One of our asymmetric or I think our principal asymmetric advantage in terms of national security is our allies, and yet we put them through this long, arduous process. And there should be, I think you suggested a, I don’t know whether you call it an exemption or a bobtail process or something, so that we’re not, so that we can have greater cooperation with our allies. Is that? Is that a fair interpretation of what you said,” questioned Senator King.
“Yes, I won’t even call it an easy pass lane,” said Dr. Greenwalt.
“Well, I think that’s and the other piece of this, and as I travel and meet with security people in other countries, we’re missing an innovation multiplier by not working with our allies. Countries like Japan and Australia, Europe, Germany, UK, all have brilliant scientists who are working on a lot of innovative areas. And instead of having innovation be siloed by country, it’s always occurred to me that it would be much more, as I say, a multiplier, if we could work more closely and have better cooperation with the countries that are aligned with us? Is that a fair observation,” asked Senator King.
“I think that’s a fair observation. We’re a country of 340 million, our allies together, the EU, NATO, Japan, Korea, kick us up over to over a trillion. We were close to the Chinese population,” responded Dr. Greenwalt.
“And we’re squandering that asset by siloing innovation,” replied Senator King.
“The number of scientists, engineers working together would be critical in the future, and unfortunately, right now, we’re all stove pipe working on these things separately,” said Dr. Greenwalt.
“Well, I do want to, I have a visual aid in terms of the process. I’m not going to burden the committee, Mr. Chairman, by submitting it for the record, but this is the foreign military sales manual, 642 pages. I mean this to me this summarizes, in many ways, the problem of the of the process itself, which has impeded our ability to work with, again, with our allies,” finished Senator King.
A member of the Senate Armed Services Committee (SASC) and the Senate Select Committee on Intelligence (SSCI), Senator King is recognized as an authoritative voice on national security and foreign policy issues who has also been named a “fiscal hero” by government watchdogs for responsible spending. Last year, Senator King urged the DoD to take advantage of private sector technologies or risk losing access to innovative defense technologies. In previous SASC hearings, he has encouraged the DoD to adopt smart spending practices when it comes to developing defense technologies, and has emphasized that “new technologies win wars.”

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Cotton, Gillibrand Introduce Bipartisan Bill to Protect Military Installations from Unauthorized Drones
US Senate News:
Source: United States Senator for Arkansas Tom Cotton

FOR IMMEDIATE RELEASE
Contact: Caroline Tabler or Patrick McCann (202) 224-2353
May 15, 2025

Cotton, Gillibrand Introduce Bipartisan Bill to Protect Military Installations from Unauthorized Drones

Washington, D.C. — Senator Tom Cotton (R-Arkansas) and Senator Kirsten Gillibrand (D-New York) today introduced the Comprehensive Operations for Unmanned-System Neutralization and Threat Elimination Response (COUNTER) Act, bipartisan legislation to enhance airspace security at military installations.

Senators Jim Banks (R-Indiana), Marsha Blackburn (R-Tennessee), Richard Blumenthal (D-Connecticut), John Boozman (R-Arkansas), Katie Britt (R-Alabama), Ted Budd (R-North Carolina), Shelley Moore Capito (R-West Virginia), Susan Collins (R-Maine), John Cornyn (R-Texas), Ted Cruz (R-Texas), Joni Ernst (R-Iowa), Mazie Hirono (D-Hawaii), John Hoeven (R-North Dakota), Jim Justice (R-West Virginia), Mark Kelly (D-Arizona), James Lankford (R-Oklahoma), Cynthia Lummis (R-Wyoming), Mitch McConnell (R-Kentucky), Jim Moran (R-Kansas), Markwayne Mullin (R-Oklahoma), Pete Ricketts (R-Nebraska), Jacky Rosen (D-Nevada), Rick Scott (R-Florida), Eric Schmitt (R-Missouri), Jeanne Shaheen (D-New Hampshire), Dan Sullivan (R-Alaska), Thom Tillis (R-North Carolina), and Todd Young (R-Indiana) are co-sponsoring this legislation. Representatives Chrissy Houlahan (Pennsylvania-06) and August Pfluger (Texas-11) are introducing companion legislation in the House.

“Leaving American military facilities vulnerable to drone incursions puts our service members, the general public, and our national security at risk. Our bill will expand the Department of Defense’s authority to neutralize unauthorized drones,” said Senator Cotton.

“As commercial drones become more commonplace, we must ensure that they are not being used to share sensitive information with our adversaries, to conduct attacks against our service members, or otherwise pose a threat to our national security. This legislation will enable DoD to more effectively mitigate threats from drones and allow for better interagency cooperation to keep Americans safe. I am proud to be introducing this important piece of bipartisan legislation, and I look forward to working with my colleagues to get it passed,” said Senator Gillibrand.

“In recent years, there has been a disturbing increase in threats posed to U.S. military bases by unmanned aircraft systems, including from systems controlled by foreign adversaries. Despite this, our armed forces continue to tell us that they lack the authority to protect the skies over some of our most sensitive military installations,” said Rep. Houlahan. “Today’s introduction of the bipartisan COUNTER Act marks the next step towards delivering the expanded authorities our military needs to address the threats of unmanned aircraft systems and keep these facilities safe.”

“Unauthorized drone activity near and over U.S. military installations has become a persistent and growing national security concern. In the past year alone, there were more than 350 drone detections at 100 different military installations,” said Rep. Pfluger. “This is why I am proud to help lead the bipartisan COUNTER Act, which gives our armed forces the clear authority they need to take down hostile drones and defend our most sensitive installations. As a fighter pilot with hundreds of hours in combat experience, I know firsthand how critical airspace security is — and how urgent this action has become.”

Full text of the legislation may be found here.

The COUNTER Act would:
- Expand the definition of a “covered facility” as it is in current law, enabling more bases to apply for approval to detect, track, and, if necessary, neutralize drones.
MIL OSI USA News –
May 16, 2025
MIL-OSI: Intermap Announces First Quarter 2025 Results
Source: GlobeNewswire (MIL-OSI)

Company reports first quarter 2025 revenue growth of 153% with 28% pro-forma adjusted EBITDA margin

Confirms projected 2025 revenue of $30–35 million and 28% EBITDA margin

Conference call today at 5:00 pm ET to discuss results

DENVER, May 15, 2025 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial services and intelligence solutions, today announced first quarter 2025 results and affirmed 2025 guidance.

For the first quarter ending March 31, 2025
- Total revenue of $4.3 million, compared with $1.7 million in the first quarter of 2024
- Acquisition Services revenue of $2.4 million versus $478 thousand in the year-ago quarter
- Value-added Data revenue of $514 thousand versus $266 thousand in the year-ago quarter
- Software and Solutions revenue of $1.3 million, compared with $942 thousand in the first quarter of 2024
- 28% pro-forma adjusted EBITDA margin versus 25% in the first quarter of 2024
  - Intermap invested to support permitting and pursuit costs on behalf of its partners for follow-on awards
- Pro-forma net income of $833 thousand, compared with a net loss of $839 thousand in the first quarter of 2024
- Total assets of $19.2 million versus $11.9 million on December 31, 2024
- Cash, unbilled and A/R totaled $13.9 million versus $6.5 million on December 31, 2024
“We’re seeing strong momentum across our government and commercial segments,” said Patrick A. Blott, Intermap Chairman and CEO. “With multiyear partnerships, federal contracts and a strengthened balance sheet, we’re benefiting from growing customer confidence and positioning the Company for recurring revenue with long-term growth. We are pleased to affirm our 2025 guidance.”

Q1 Government Milestones
In the government sector, Intermap’s team, led by CACI, was selected as a vendor for the National Geospatial-Intelligence Agency’s $200 million Luno B IDIQ contract. When combined with the previously announced Luno A award, the addressable opportunity totals $500 million. The first task orders have begun to be issued and Intermap is well positioned with superior proprietary source data and analytics located over difficult areas of the world inaccessible by optical satellites. This positions Intermap to compete for federal work over the next five years and expand its role in delivering advanced geospatial intelligence to support national security.

Intermap continued to execute Phase 1 of Indonesia’s national mapping initiative, delivering high-resolution 3D elevation and feature data exceeding specifications in a shorter timeframe than planned. The Company is pursuing follow-on awards under Phase 2 of the $653 million World Bank–funded ILASP project, which supports land administration and spatial planning. With the Indonesian government prioritizing large-scale base maps for national development, Intermap’s Phase 1 performance positions it strongly for continued participation. The Company’s advanced technology and proven execution align with the project’s goals, including expansion into Java, Kalimantan and other key regions.

As part of the Indonesian mapping program during the quarter, Intermap incurred charges for permitting, currency adjustment and working capital investment to support large government milestone payments, which were subsequently collected in April 2025, after the quarter end. In addition, Intermap incurred pursuit costs related to upcoming contracts. When the partner-related charges and pursuit costs are added back, pro-forma Adjusted EBITDA and earnings for the first quarter were $1.2 million and $833 thousand, respectively. To further mitigate exchange risks, Intermap entered into foreign currency hedging and arrangements with its local prime partner to pay IDR subcontractors. Going forward, currency risk and hedging costs are mitigated by World Bank funding, which will be denominated and fixed in U.S. dollars.

During the quarter, Intermap was down-selected after a competitive process for a new U.S. Defense Advanced Research Project (DARPA) program to support priority DARPA investments targeted to leverage Intermap’s unique commercial capabilities, commercialization expertise, proprietary internal research and development and growth capital support. This program extends Intermap’s own upgrade efforts and capital with sponsored access to additional government-funded, cutting-edge applied geospatial technologies, advanced research and development, next-generation geospatial products and emerging dual-use companies on contract with DARPA. The Company is currently working with multiple customers using Intermap data and technology for real-time terrain matching to power long-range autonomous systems. More information about this important award will follow as contracting is finalized.

Q1 Commercial Achievements
Intermap began 2025 with strong performance in its insurance business, securing over $1.1 million in new and renewed contracts. It signed two major multiyear partnerships with a leading European bank-insurance group and PREMIUM Insurance. Both adopted Intermap’s Aquarius RMA platform, reinforcing the Company’s position as a key provider of AI-driven geospatial solutions for multi-peril and flood risk assessment.

During the first quarter, the Company significantly expanded its partnership with a major global space infrastructure operator, which has increased its investment in the Company’s high-precision 3D elevation data with Intermap’s NEXTMap^® solution. This expansion supports the operator’s use of the data for radio frequency interference modeling and optimizing site selection across diverse geographies. In 2024, the operator acquired 10 times as many projects as the previous year, driving a 6.4x increase in revenue. Early 2025 projects are nearly three times larger than the average size in 2024, with points of presence growing rapidly, reflecting the growing scale of the initiative. This rapid expansion demonstrates the operator’s growing reliance on Intermap’s best-in-class data.

The Company also renewed its subscription partnership with a leading provider of GPS-enabled golf technology. Now entering its fourth year, the collaboration utilizes Intermap’s high-resolution 3D elevation data to map more than 40,000 golf courses globally, delivering immersive, real-time virtual experiences for golfers. This data powers advanced features such as swing metrics, ball flight analytics and detailed course visualizations—accessible from homes, backyards and practice ranges. Driven by strong user growth, the partnership is expanding to include a new generation of golf products built on Intermap’s proprietary terrain models, where Intermap is compensated alongside the customer for growing user data consumption. With 78% of core golfers using at least one golf app, Intermap’s data remains a key enabler of the evolving digital golf experience.

Q1 Financing
To fund growth, Intermap raised C$12 million in February. The capital strengthens the Company’s ability to execute on its expanding pipeline and scale delivery of high-value contracts.

Outlook
Intermap confirms projected 2025 revenue of $30–35 million and 28% EBITDA margin.

Intermap does not provide quarterly guidance. The Company has tremendous installed capacity, providing a competitive advantage for speed of execution. Intermap’s customers are large global institutions and governments with long procurement and decision-making cycles. Intermap has the proven ability and track record to increase operational efficiency and tempo once under contract to meet aggressive timelines consistent with customer requirements.

Intermap will continue building recurring revenue by enabling customers to consume the world’s most precise GEOINT terrain data products at global scale, as-a-service, provisioned within seconds, consuming only the points they need, when and where they need them. While penetrating deeper into its targeted markets, Intermap is also enabling new users and new use-cases, and its financial results highlight the persistent recurring revenue and high growth embedded in this attractive business model.

Quarterly Filing
The Company’s consolidated financial statements for the quarter ended March 31, 2025, along with management’s discussion and analysis for the corresponding period and related management certifications for the first quarter financial results, will be filed on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at SEC.gov on May 15, 2025.

Adjusted EBITDA is a non-GAAP measure. The term earnings before interest, taxes, depreciation and amortization (EBITDA) consists of net loss and excludes interest (financing costs), taxes, and depreciation. Adjusted EBITDA also excludes share-based compensation, fair value adjustments and foreign currency translation. See “Reconciliation of Non-GAAP Measures” in Company’s Management’s Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca and on the SEC’s EDGAR website at SEC.gov.

Conference Call Details
Intermap’s CEO Patrick A. Blott and CFO Jennifer Bakken will host a live webinar today, at 5:00 pm ET to review the results, provide Company updates and answer investor questions following the presentation.

Intermap invites shareholders, analysts, investors, media representatives and other stakeholders to attend the earnings webinar to discuss the first quarter of 2025 results.

DATE Thursday, May 15, 2025

TIME 5:00 pm ET

WEBCAST Register

Learn more about Intermap here.

Intermap Reader Advisory
Certain information provided in this news release, including reference to revenue growth, EBITDA margin, future contracting, constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast”, “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

About Intermap Technologies

Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation.

For more information, please visit www.intermap.com or contact:
Jennifer Bakken
Executive Vice President and CFO
CFO@intermap.com
+1 (303) 708-0955

Sean Peasgood
Investor Relations
Sean@SophicCapital.com
+1 (647) 260-9266

The MIL Network –
May 16, 2025

MIL-OSI: Applied Materials Announces Second Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Revenue $7.10 billion, up 7 percent year over year
GAAP gross margin 49.1 percent and non-GAAP gross margin 49.2 percent
GAAP operating margin 30.5 percent and non-GAAP operating margin 30.7 percent
Record GAAP EPS $2.63 and record non-GAAP EPS $2.39, up 28 percent and 14 percent year over year, respectively
Generated $1.57 billion in cash from operations and distributed $2.00 billion to shareholders including $1.67 billion in share repurchases and $325 million in dividends

SANTA CLARA, Calif., May 15, 2025 (GLOBE NEWSWIRE) — Applied Materials, Inc. (NASDAQ: AMAT) today reported results for its second quarter ended Apr. 27, 2025.

“Applied Materials’ broad capabilities and connected product portfolio are driving strong results in 2025 amidst a highly dynamic macro environment,” said Gary Dickerson, President and CEO. “High-performance, energy-efficient AI computing remains the dominant driver of semiconductor innovation, and Applied is working closely with our customers and partners to accelerate the industry’s roadmap. We are very well positioned at major technology inflections in fast-growing areas of the market, which supports our multi-year growth trajectory.”

“We delivered strong performance in our second fiscal quarter with seven percent year-over-year revenue growth, record earnings per share and shareholder distributions of nearly $2 billion,” said Brice Hill, Senior Vice President and CFO. “Despite the dynamic economic and trade environment, we have not seen significant changes to customer demand and are well-equipped to navigate evolving conditions with our robust global supply chain and diversified manufacturing footprint.”

Results Summary

	Q2 FY2025			Q2 FY2024			Change
	(In millions, except per share amounts and percentages)
Net revenue	$	7,100		$	6,646		7%
Gross margin		49.1	%		47.4	%	1.7 points
Operating margin		30.5	%		28.8	%	1.7 points
Net income	$	2,137		$	1,722		24%
Diluted earnings per share	$	2.63		$	2.06		28%
Non-GAAP Results
Non-GAAP gross margin		49.2	%		47.5	%	1.7 points
Non-GAAP operating margin		30.7	%		29.0	%	1.7 points
Non-GAAP net income	$	1,940		$	1,744		11%
Non-GAAP diluted EPS	$	2.39		$	2.09		14%
Non-GAAP free cash flow	$	1,061		$	1,135		(7)%

A reconciliation of the GAAP and non-GAAP results is provided in the financial tables included in this release. See also “Use of Non-GAAP Financial Measures” section.

Business Outlook

Applied’s total net revenue, non-GAAP gross margin and non-GAAP diluted EPS for the third quarter of fiscal 2025 are expected to be approximately as follows:


	Q3 FY2025
(In millions, except percentage and per share amounts)
Total net revenue	$	7,200		+/-	$	500
Non-GAAP gross margin		48.3	%
Non-GAAP diluted EPS	$	2.35		+/-	$	0.20

This outlook for non-GAAP diluted EPS excludes known charges related to completed acquisitions of $0.01 per share, and includes a net income tax benefit related to intra-entity intangible asset transfers of $0.04 per share, but does not reflect any items that are unknown at this time, such as any additional charges related to acquisitions or other non-operational or unusual items, as well as other tax-related items, which we are not able to predict without unreasonable efforts due to their inherent uncertainty.

Second Quarter Reportable Segment Information

*Semiconductor Systems*	Q2 FY2025			Q2 FY2024
(in millions, except percentages)
Net revenue	$	5,255		$	4,901
Foundry, logic and other		65	%		65	%
DRAM		27	%		32	%
Flash memory		8	%		3	%
Operating income	$	1,900		$	1,701
Operating margin		36.2	%		34.7	%
Non-GAAP Results
Non-GAAP operating income	$	1,911		$	1,711
Non-GAAP operating margin		36.4	%		34.9	%

*Applied Global Services*	Q2 FY2025			Q2 FY2024
(in millions, except percentages)
Net revenue	$	1,566		$	1,530
Operating income	$	446		$	436
Operating margin		28.5	%		28.5	%
Non-GAAP Results
Non-GAAP operating income	$	446		$	436
Non-GAAP operating margin		28.5	%		28.5	%

*Display*	Q2 FY2025			Q2 FY2024
(in millions, except percentages)
Net revenue	$	259		$	179
Operating income	$	68		$	5
Operating margin		26.3	%		2.8	%
Non-GAAP Results
Non-GAAP operating income	$	68		$	5
Non-GAAP operating margin		26.3	%		2.8	%

*Corporate and Other*	Q2 FY2025			Q2 FY2024
(in millions)
Unallocated net revenue	$	20		$	36
Unallocated cost of products sold and expenses		(265	)		(266	)
Total	$	(245	)	$	(230	)

Use of Non-GAAP Financial Measures

Applied provides investors with certain non-GAAP financial measures, which are adjusted for the impact of certain costs, expenses, gains and losses, including certain items related to mergers and acquisitions; restructuring and severance charges and any associated adjustments; impairments of assets; gain or loss, dividends and impairments on strategic investments; certain income tax items and other discrete adjustments. On a non-GAAP basis, the tax effect related to share-based compensation is recognized ratably over the fiscal year. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

Management uses these non-GAAP financial measures to evaluate the company’s operating and financial performance and for planning purposes, and as performance measures in its executive compensation program. Applied believes these measures enhance an overall understanding of its performance and investors’ ability to review the company’s business from the same perspective as the company’s management, and facilitate comparisons of this period’s results with prior periods on a consistent basis by excluding items that management does not believe are indicative of Applied’s ongoing operating performance. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

Webcast Information

Applied Materials will discuss these results during an earnings call that begins at 1:30 p.m. Pacific Time today. A live webcast and related slide presentation will be available at https://ir.appliedmaterials.com . A replay will be available on the website beginning at 5:00 p.m. Pacific Time today.

Forward-Looking Statements
This press release contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new products and technologies, our business outlook for the third quarter of fiscal 2025 and beyond, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic, political and industry conditions, including changes in interest rates and prices for goods and services; the implementation of additional export regulations and license requirements and their interpretation, and their impact on our ability to export products and provide services to customers and on our results of operations; global trade issues and changes in trade and export license policies and our ability to obtain licenses or authorizations on a timely basis, if at all; imposition of new or increases in tariffs and any retaliatory measures, including their impact on demand for our products and services; our ability to effectively mitigate the impact of tariffs; the effects of geopolitical turmoil or conflicts; demand for semiconductor chips and electronic devices; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; our ability to develop, deliver and support new products and technologies; our ability to meet customer demand, and our suppliers’ ability to meet our demand requirements; the concentrated nature of our customer base; our ability to expand our current markets, increase market share and develop new markets; market acceptance of existing and newly developed products; our ability to obtain and protect intellectual property rights in key technologies; cybersecurity incidents affecting our information systems or information contained in them, or affecting our operations, suppliers, customers or vendors; our ability to achieve the objectives of operational and strategic initiatives, align our resources and cost structure with business conditions, and attract, motivate and retain key employees; the effects of regional or global health epidemics; acquisitions, investments and divestitures; changes in income tax laws; the variability of operating expenses and results among products and segments, and our ability to accurately forecast future results, market conditions, customer requirements and business needs; our ability to ensure compliance with applicable law, rules and regulations and other risks and uncertainties described in our SEC filings, including our recent Forms 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

Investor Relations Contact:
Liz Morali (408) 986-7977
liz_morali@amat.com

Media Contact:
Ricky Gradwohl (408) 235-4676
ricky_gradwohl@amat.com


APPLIED MATERIALS, INC. UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

	Three Months Ended				Six Months Ended
(In millions, except per share amounts)	April 27, 2025		April 28, 2024		April 27, 2025		April 28, 2024
Net revenue	$	7,100	$	6,646	$	14,266	$	13,353
Cost of products sold		3,615		3,493		7,285		6,996
Gross profit		3,485		3,153		6,981		6,357
Operating expenses:
Research, development and engineering		893		785		1,752		1,539
Marketing and selling		216		209		422		416
General and administrative		207		247		463		523
Total operating expenses		1,316		1,241		2,637		2,478
Income from operations		2,169		1,912		4,344		3,879
Interest expense		68		59		132		118
Interest and other income (expense), net		221		141		229		536
Income before income taxes		2,322		1,994		4,441		4,297
Provision for income taxes		185		272		1,119		556
Net income	$	2,137	$	1,722	$	3,322	$	3,741
Earnings per share:
Basic	$	2.64	$	2.08	$	4.10	$	4.50
Diluted	$	2.63	$	2.06	$	4.08	$	4.47
Weighted average number of shares:
Basic		809		830		811		831
Diluted		812		836		815		837


APPLIED MATERIALS, INC. UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS

(In millions)	April 27, 2025		October 27, 2024
ASSETS
Current assets:
Cash and cash equivalents	$	6,169	$	8,022
Short-term investments		578		1,449
Accounts receivable, net		6,187		5,234
Inventories		5,656		5,421
Other current assets		1,118		1,094
Total current assets		19,708		21,220
Long-term investments		3,638		2,787
Property, plant and equipment, net		3,832		3,339
Goodwill		3,748		3,732
Purchased technology and other intangible assets, net		249		249
Deferred income taxes and other assets		2,457		3,082
Total assets	$	33,632	$	34,409
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	799	$	799
Accounts payable and accrued expenses		4,706		4,820
Contract liabilities		2,491		2,849
Total current liabilities		7,996		8,468
Long-term debt		5,462		5,460
Income taxes payable		321		670
Other liabilities		892		810
Total liabilities		14,671		15,408
Total stockholders’ equity		18,961		19,001
Total liabilities and stockholders’ equity	$	33,632	$	34,409


APPLIED MATERIALS, INC. UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

	Three Months Ended						Six Months Ended
(In millions)	April 27, 2025			April 28, 2024			April 27, 2025			April 28, 2024
Cash flows from operating activities:
Net income	$	2,137		$	1,722		$	3,322		$	3,741
Adjustments required to reconcile net income to cash provided by operating activities:
Depreciation and amortization		103			96			208			187
Share-based compensation		159			134			354			304
Deferred income taxes		4			(134	)		672			(206	)
Other		(109	)		(12	)		(14	)		(247	)
Net change in operating assets and liabilities		(723	)		(414	)		(2,046	)		(62	)
Cash provided by operating activities		1,571			1,392			2,496			3,717
Cash flows from investing activities:
Capital expenditures		(510	)		(257	)		(891	)		(486	)
Cash paid for acquisitions, net of cash acquired		(1	)		—			(29	)		—
Proceeds from asset sale		33			—			33			—
Proceeds from sales and maturities of investments		1,921			582			3,144			1,113
Purchases of investments		(1,222	)		(474	)		(2,933	)		(1,223	)
Cash provided by (used in) investing activities		221			(149	)		(676	)		(596	)
Cash flows from financing activities:
Proceeds from issuance of commercial paper		100			100			300			200
Repayments of commercial paper		(100	)		(100	)		(300	)		(200	)
Proceeds from common stock issuances		129			119			129			119
Common stock repurchases		(1,670	)		(820	)		(2,988	)		(1,520	)
Tax withholding payments for vested equity awards		(35	)		(41	)		(177	)		(233	)
Payments of dividends to stockholders		(325	)		(266	)		(651	)		(532	)
Payments of debt issuance costs		(2	)		—			(2	)		—
Repayments of principal on finance leases		—			(14	)		—			(13	)
Cash used in financing activities		(1,903	)		(1,022	)		(3,689	)		(2,179	)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents		(111	)		221			(1,869	)		942
Cash, cash equivalents and restricted cash equivalents—beginning of period		6,355			6,954			8,113			6,233
Cash, cash equivalents and restricted cash equivalents — end of period	$	6,244		$	7,175		$	6,244		$	7,175

Reconciliation of cash, cash equivalents, and restricted cash equivalents
Cash and cash equivalents	$	6,169		$	7,085		$	6,169		$	7,085
Restricted cash equivalents included in deferred income taxes and other assets		75			90			75			90
Total cash, cash equivalents, and restricted cash equivalents	$	6,244		$	7,175		$	6,244		$	7,175

Supplemental cash flow information:
Cash payments for income taxes	$	763		$	467		$	833		$	606
Cash refunds from income taxes	$	5		$	3		$	75		$	5
Cash payments for interest	$	68		$	68		$	120		$	102

Additional Information

	Q2 FY2025			Q2 FY2024
Net Revenue by Geography (In millions)
United States	$	808		$	853
% of Total		11	%		13	%
Europe	$	252		$	289
% of Total		4	%		4	%
Japan	$	572		$	453
% of Total		8	%		7	%
Korea	$	1,562		$	988
% of Total		22	%		15	%
Taiwan	$	1,997		$	1,019
% of Total		28	%		15	%
Southeast Asia	$	135		$	213
% of Total		2	%		3	%
China	$	1,774		$	2,831
% of Total		25	%		43	%

Employees(In thousands)
Regular Full Time		36.0			34.8


APPLIED MATERIALS, INC. UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS

	Three Months Ended						Six Months Ended
(In millions, except percentages)	April 27, 2025			April 28, 2024			April 27, 2025			April 28, 2024
Non-GAAP Gross Profit
GAAP reported gross profit	$	3,485		$	3,153		$	6,981		$	6,357
Certain items associated with acquisitions¹		6			7			13			14
Non-GAAP gross profit	$	3,491		$	3,160		$	6,994		$	6,371
Non-GAAP gross margin		49.2	%		47.5	%		49.0	%		47.7	%
Non-GAAP Operating Income
GAAP reported operating income	$	2,169		$	1,912		$	4,344		$	3,879
Certain items associated with acquisitions¹		11			10			23			21
Acquisition integration and deal costs		—			5			3			8
Non-GAAP operating income	$	2,180		$	1,927		$	4,370		$	3,908
Non-GAAP operating margin		30.7	%		29.0	%		30.6	%		29.3	%
Non-GAAP Net Income
GAAP reported net income	$	2,137		$	1,722		$	3,322		$	3,741
Certain items associated with acquisitions¹		11			10			23			21
Acquisition integration and deal costs		—			5			3			8
Realized loss (gain), dividends and impairments on strategic investments, net		(18	)		(3	)		(27	)		(4	)
Unrealized loss (gain) on strategic investments, net		(80	)		(20	)		26			(300	)
Foreign exchange loss (gain) related to purchase of strategic investment		23			—			23			—
Loss (gain) on asset sale		(44	)		—			(44	)		—
Income tax effect of share-based compensation²		4			11			(6	)		(15	)
Income tax effects related to intra-entity intangible asset transfers³		32			18			706			40
Resolution of prior years’ income tax filings and other tax items		(124	)		—			(140	)		33
Income tax effect of non-GAAP adjustments⁴		(1	)		1			—			2
Non-GAAP net income	$	1,940		$	1,744		$	3,886		$	3,526

1		These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.

2		GAAP basis tax benefit related to share-based compensation is recognized ratably over the fiscal year on a non-GAAP basis.

3		Amount for the six months ended April 27, 2025, included changes to income tax provision of $62 million from amortization of intangibles and a $644 million remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore in the first quarter of fiscal 2025.

4		Adjustment to provision for income taxes related to non-GAAP adjustments reflected in income before income taxes.


APPLIED MATERIALS, INC. UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS

	Three Months Ended						Six Months Ended
(In millions, except per share amounts)	April 27, 2025			April 28, 2024			April 27, 2025			April 28, 2024
Non-GAAP Earnings Per Diluted Share
GAAP reported earnings per diluted share	$	2.63		$	2.06		$	4.08		$	4.47
Certain items associated with acquisitions		0.01			0.01			0.02			0.02
Acquisition integration and deal costs		—			0.01			—			0.01
Realized loss (gain), dividends and impairments on strategic investments, net		(0.02	)		—			(0.03	)		—
Unrealized loss (gain) on strategic investments, net		(0.10	)		(0.02	)		0.03			(0.36	)
Foreign exchange loss (gain) related to purchase of strategic investment		0.03			—			0.03			—
Loss (gain) on asset sale		(0.05	)		—			(0.05	)		—
Income tax effect of share-based compensation		—			0.01			(0.01	)		(0.02	)
Income tax effects related to intra-entity intangible asset transfers¹		0.04			0.02			0.87			0.05
Resolution of prior years’ income tax filings and other tax items		(0.15	)		—			(0.17	)		0.04
Non-GAAP earnings per diluted share	$	2.39		$	2.09		$	4.77		$	4.21
Weighted average number of diluted shares		812			836			815			837

1		Amount for the six months ended April 27, 2025, included changes to income tax provision of $0.08 per diluted share from amortization of intangibles and $0.79 per diluted share from a remeasurement of deferred tax assets resulting from new tax incentive agreements in Singapore in the first quarter of fiscal 2025.


APPLIED MATERIALS, INC. UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP RESULTS

	Three Months Ended						Six Months Ended
(In millions, except percentages)	April 27, 2025			April 28, 2024			April 27, 2025			April 28, 2024
Semiconductor Systems Non-GAAP Operating Income
GAAP reported operating income	$	1,900		$	1,701		$	3,886		$	3,445
Certain items associated with acquisitions¹		11			10			23			20
Non-GAAP operating income	$	1,911		$	1,711		$	3,909		$	3,465
Non-GAAP operating margin		36.4	%		34.9	%		36.8	%		35.3	%
Applied Global Services Non-GAAP Operating Income
GAAP reported operating income	$	446		$	436		$	893		$	853
Non-GAAP operating income	$	446		$	436		$	893		$	853
Non-GAAP operating margin		28.5	%		28.5	%		28.3	%		28.4	%
Display Non-GAAP Operating Income
GAAP reported operating income	$	68		$	5		$	82		$	30
Non-GAAP operating income	$	68		$	5		$	82		$	30
Non-GAAP operating margin		26.3	%		2.8	%		18.6	%		7.1	%

1		These items are incremental charges attributable to completed acquisitions, consisting of amortization of purchased intangible assets.

Note: The reconciliation of GAAP and non-GAAP segment results above does not include certain revenues, costs of products sold and operating expenses that are reported within corporate and other and included in consolidated operating income.


APPLIED MATERIALS, INC. UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE INCOME TAX RATE

	Three Months Ended
(In millions, except percentages)	April 27, 2025

GAAP provision for income taxes (a)	$	185
Income tax effect of share-based compensation		(4	)
Income tax effects related to intra-entity intangible asset transfers		(32	)
Resolutions of prior years’ income tax filings and other tax items		124
Income tax effect of non-GAAP adjustments		1
Non-GAAP provision for income taxes (b)	$	274

GAAP income before income taxes (c)	$	2,322
Certain items associated with acquisitions		11
Realized loss (gain), dividends and impairments on strategic investments, net		(18	)
Unrealized loss (gain) on strategic investments, net		(80	)
Foreign exchange loss (gain) related to purchase of strategic investment		23
Loss (gain) on asset sale		(44	)
Non-GAAP income before income taxes (d)	$	2,214

GAAP effective income tax rate (a/c)		8.0	%

Non-GAAP effective income tax rate (b/d)		12.4	%


UNAUDITED RECONCILIATION OF NON-GAAP FREE CASH FLOW

	Three Months Ended						Six Months Ended
(In millions)	April 27, 2025			April 28, 2024			April 27, 2025			April 28, 2024
Cash provided by operating activities	$	1,571		$	1,392		$	2,496		$	3,717
Capital expenditures		(510	)		(257	)		(891	)		(486	)
Non-GAAP free cash flow	$	1,061		$	1,135		$	1,605		$	3,231

The MIL Network –

May 16, 2025

MIL-OSI: AMSC to Report Fourth Quarter and Fiscal Year 2024 Financial Results on May 21, 2025

Source: GlobeNewswire (MIL-OSI)

AYER, Mass., May 15, 2025 (GLOBE NEWSWIRE) — AMSC® (NASDAQ: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability of our Navy’s fleet, announced today that it plans to release its fourth quarter and fiscal year 2024 financial results after the market close on Wednesday, May 21, 2025. In conjunction with this announcement, AMSC management will participate in a conference call with investors and covering analysts beginning at 10:00 a.m. Eastern Time on Thursday, May 22, 2025. On this call, management will discuss the Company’s recent accomplishments, financial results, and business outlook.

Those who wish to listen to the live or archived conference call webcast should visit the “Investors” section of the Company’s website at https://www.amsc.com. The live call can be accessed 15 minutes prior to the scheduled start time by dialing 1-844-481-2802 or 1-412-317-0675 and asking to join the AMSC call.

A replay of the call may be accessed 2 hours following the call by dialing 1-877-344-7529 and using conference passcode 4917468.

About AMSC (Nasdaq: AMSC)
AMSC generates the ideas, technologies and solutions that meet the world’s demand for smarter, cleaner … better energy™. Through its Gridtec™ Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency and performance. Through its Marinetec™ Solutions, AMSC provides ship protection systems and is developing propulsion and power management solutions designed to help fleets increase system efficiencies, enhance power quality and boost operational safety. Through its Windtec® Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. The Company’s solutions are enhancing the performance and reliability of power networks, increasing the operational safety of navy fleets, and powering gigawatts of renewable energy globally. Founded in 1987, AMSC is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America. For more information, please visit www.amsc.com.

©2025 AMSC. AMSC, American Superconductor, NEPSI, Neeltran, NWL, D-VAR, D-VAR VVO, Amperium, Gridtec, Marinetec, Windtec, Orchestrate the Rhythm and Harmony of Power on the Grid and Smarter, Cleaner … Better Energy are trademarks or registered trademarks of American Superconductor Corporation. All other brand names, product names, trademarks, or service marks belong to their respective holders.

The MIL Network –

May 16, 2025

MIL-OSI: BIO-key Reports Q1’25 Revenue of $1.6M and Improved Cash Position of $3.1M; Hosts Investor Call Tomorrow, Friday May 16th at 10am ET

Source: GlobeNewswire (MIL-OSI)

HOLMDEL, N.J., May 15, 2025 (GLOBE NEWSWIRE) — BIO-key ® International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring passwordless, phoneless and tokenless Identity-Bound Biometric (IBB) authentication, announced results for its first quarter (Q1’25). BIO-key will host an investor call tomorrow, Friday, May 16th at 10:00am ET (details below).

BIO-key CEO, Mike DePasquale commented, “Our revenue rose approximately 10% sequentially vs. Q4’24, as we continue our transition to selling high-margin BIO-key branded products in Europe, the Middle East and Africa (EMEA). Year-over-year revenue decreased 25% due to a $1.2M two-year contract with a long-term financial services customer we closed in Q1’24, as compared to $690k recorded in Q1’25 from the customer’s addition of incremental biometric capabilities. We expect revenue from this customer to increase significantly in the next two-year period commencing in 2026, due to their expanding deployment and the addition of our one-to-many fingerprint-only biometric ID system that requires no card or account number for client Identification.

“Our gross margin remained healthy in Q1 at 83%, and we reduced our selling, general and administrative expense by 23% year-over-year. Our cash position increased substantially to $3.1M reflecting proceeds from warrant exercises early in Q1’25. Since December 31, we have also reduced the principal balance on our outstanding note payable. These balance sheet improvements provide solid footing for BIO-key as we pursue new growth opportunities.”

Q1 Highlights

Mr. DePasquale continued, “Moving forward, we are seeing growing traction for our identity bound biometric solutions in defense/security and financial services applications that require the highest levels of security. In these use cases, our customers are drawn to our unique ability to authenticate the individual seeking data or network access rather than alternate factors that are far more prone to being compromised. We now support secure biometric authentication for a number of national and international defense and police organizations and are working to leverage these powerful endorsements in our business development efforts.

“We continue to build our base of government and government related customers who appreciate the flexibility, ease of use and ability to support multiple authentication factors that create a compelling return on investment profile. We see growing interest in our unique passwordless, phoneless and tokenless authentication solutions, which meet the most pressing security and usability challenges.

“We have built a solid presence in state, local and educational (SLED) markets domestically, as we now serve over 100 institutions with over 4M end users. In Q1’25 the Wyoming Department of Education deployed PortalGuard IDaaS, adding up to 20,000 SaaS end users. Additionally, many existing higher ed customers are migrating from our on-premises solution to PortalGuard IDaaS, further expanding our base of recurring revenue.

“Building on this, we executed a strategic partnership and Joint Purchase Agreement in Q1’25 with California’s Education Technology Joint Powers Authority (Ed Tech JPA), resulting in PortalGuard becoming an approved solution for the alliance’s 195 K-12 schools and districts, servicing over 2.6M students. Importantly, BIO-key solutions are uniquely positioned to comply with California’s Phone-Free Schools Act (AB-1326) policies limiting or prohibiting smartphone use in schools by July 2026. Most competing solutions rely on phone authenticators or hardware security keys, neither of which are practical solutions for schools.

“From a strategic standpoint, we are excited about the revenue and margin potential in EMEA now that we have refocused our efforts on BIO-key solutions in those markets. Our transition away from Swivel Secure licensed solutions beginning in the second half of 2024 resulted in some challenging year-over-year revenue comparisons but we fully expect to return our EMEA performance to growth and enhanced margins over the remainder of 2025.

“Based on the security, flexibility, ease of deployment and compelling ROI provided by our solutions, we feel well positioned to deliver improved top- and bottom-line results in 2025. However, given the timing of large customer orders or renewals, our financial performance is likely to fluctuate on a quarter-to-quarter basis. Given increasing interest in our biometric solutions, growing adoption of passwordless, phoneless and tokenless IAM solutions, our improved balance sheet, strong margin profile, and revenue traction in EMEA markets, we are very optimistic about our growth outlook. We also continue to seek opportunities to reduce costs and lower our breakeven level to support our path to positive cash flow and profitability.”

Financial Results

Total revenues decreased to $1,607,159 in Q1’25 from $2,181,203, mainly due to the impact of $1.2M in Q1’24 revenue from a 2-year renewal contract with a long-term financial services customer vs. $690k from this customer in Q1’25. License fee revenue decreased to $1,098,758 in Q1’25 from $1,950,434 a year ago, reflecting the variance in revenue from the long-term financial services customer, as well as the impact on revenue of transitioning from selling third-party Swivel Secure products and services to BIO-key products, in the EMEA region.

Service revenues increased to $272,598 in Q1’25 from $213,122 in Q1’24, including approximately $265,000 and $193,000, respectively, of recurring maintenance and support revenue, and $8,000 and $20,000, respectively, of non-recurring custom services revenue. The recurring revenue increase of $72,000 or 37% was due to incremental support services for a large customer service agreement. Non-recurring custom services decreased due to the removal of a large Swivel Secure customer.

Hardware sales increased to $235,803 in Q1’25 from $17,647 in Q1’24, due largely to increased purchases of fingerprint biometric scanners in support of certain customers’ expanded deployments in Q1’25.

Gross profit decreased to $1,327,661 in Q1’25 from $1,881,560 in Q1’24, reflecting gross margins of 82.6% and 86.3%, respectively. The gross profit decline is due primarily to lower revenue in Q1’25 as well as the impact of higher levels of lower margin hardware revenue.

BIO-key reduced its Q1’25 operating expenses by $422,195 to $1,968,299 from $2,390,494 in Q1’24, due to reductions of $410,449 in SG&A and $11,746 in research, development and engineering. Q1’25 SG&A expenses decreased 23% to $1,372,524 from $1,782,973 in Q1’24, reflecting reductions in administration, sales personnel costs, and professional service fees. The RD&E decrease was due primarily to lower rent costs.

Reflecting lower revenues which was partially offset by lower operating costs, BIO-key’s Q1’25 net loss increased to $736,545, or ($0.16) per share, as compared to $510,285, or ($0.32) per share, in Q1’24.

Balance Sheet

As of March 31, 2025, BIO-key’s total current assets improved to $4.6M, including $3.1M of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and approximately $358,000 of inventory. This compares to total current assets of $1.9M at December 31, 2024, including approximately $438,000 of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and $378,000 of inventory.

Conference Call Details

Date / Time:	Friday, May 16th at 10 a.m. ET
Call Dial In #:	1-877-418-5460 U.S. or 1-412-717-9594 Int’l
Live Webcast / Replay:	Webcast & Replay Link – Available for 3 months.
Audio Replay:	1-877-344-7529 U.S. or 1-412-317-0088 Int’l; code 6501265

About BIO-key International, Inc. (www.BIO-key.com)

BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

BIO-key Safe Harbor Statement

All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology and identity access management industries; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to migrate Swivel Secure customers to BIO-key and Portal Guard offerings; our ability to execute definitive agreements with Fiber Food Systems and/or its customers to utilize our access management solutions; our ability to integrate our solutions into any of Fiber Food System’s offerings; fluctuations in foreign currency exchange rates; the duration and extent of continued hostilities in Ukraine and its impact on our European customers; the impact of tariffs and other trade barriers which may make it more costly for us to import inventory from China and Hong Kong and certain product components from South Korea; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence of the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to continue to maintain effective internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

Engage with BIO-key

Investor Contacts

William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800

BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)

	Three Months Ended
	March 31,
	2025			2024
Revenues
Services	$	272,598		$	213,122
License fees		1,098,758			1,950,434
Hardware		235,803			17,647
Total revenues		1,607,159			2,181,203
Costs and other expenses
Cost of services		98,144			138,849
Cost of license fees		72,885			148,221
Cost of hardware		108,469			12,573
Total costs and other expenses		279,498			299,643
Gross profit		1,327,661			1,881,560

Operating Expenses
Selling, general and administrative		1,372,524			1,782,973
Research, development and engineering		595,775			607,521
Total Operating Expenses		1,968,299			2,390,494
Operating loss		(640,638	)		(508,934	)
Other income (expense)
Interest income		3			5
Loan fee amortization		(60,000	)		–
Interest expense		(35,910	)		(1,356	)
Total other income (expense), net		(95,907	)		(1,351	)

Loss before provision for income tax		(736,545	)		(510,285	)

Provision for (income tax) tax benefit		–			–

Net loss	$	(736,545	)	$	(510,285	)

Comprehensive loss:
Net loss	$	(736,545	)	$	(510,285	)
Other comprehensive income (loss) – Foreign currency translation adjustment		6,803			(62,275	)
Comprehensive loss	$	(729,742	)	$	(572,560	)

Basic and Diluted Loss per Common Share	$	(0.16	)	$	(0.32	)

Weighted Average Common Shares Outstanding:
Basic and diluted		4,702,421			1,615,323

BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31,			December 31,
	2025			2024
	(Unaudited)
ASSETS
Cash and cash equivalents	$	3,133,752		$	437,604
Accounts receivable, net		803,277			718,229
Due from factor		40,450			74,170
Inventory		357,842			378,307
Prepaid expenses and other		254,285			278,648
Total current assets		4,589,606			1,886,958
Equipment and leasehold improvements, net		122,986			140,198
Capitalized contract costs, net		375,705			409,426
Deposits and other assets		7,976			7,976
Operating lease right-of-use assets		67,142			73,372
Investments		5,000,000			5,000,000
Intangible assets, net		1,020,261			1,097,630
Total non-current assets		6,594,070			6,728,602
TOTAL ASSETS	$	11,183,676		$	8,615,560

LIABILITIES
Accounts payable	$	568,836		$	818,187
Accrued liabilities		1,042,411			1,278,732
Note payable		762,151			1,525,977
Government loan – BBVA Bank, current portion		138,667			132,731
Deferred revenue, current		928,291			773,267
Operating lease liabilities, current portion		25,260			24,642
Total current liabilities		3,465,616			4,553,536
Deferred revenue, long term		136,931			196,237
Government loan – BBVA Bank – net of current portion		11,666			44,762
Operating lease liabilities, net of current portion		42,410			48,994
Total non-current liabilities		191,007			289,993
TOTAL LIABILITIES		3,656,623			4,843,529

Commitments and Contingencies

STOCKHOLDERS’ EQUITY

Common stock — authorized, 170,000,000 shares; issued and outstanding; 5,814,041 and 3,715,483 of $.0001 par value at March 31, 2025 and December 31, 2024, respectively		582			372
Additional paid-in capital		137,514,825			133,030,271
Accumulated other comprehensive loss		56,093			49,290
Accumulated deficit		(130,044,447	)		(129,307,902	)
TOTAL STOCKHOLDERS’ EQUITY		7,527,053			3,772,031
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	11,183,676		$	8,615,560

BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Three Months Ended March 31,
	2025			2024

CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(736,545	)	$	(510,285	)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation		21,782			23,808
Amortization of intangible assets		76,245			78,005
Amortization of capitalized contract costs		46,545			38,665
Amortization of Note Payable		60,000			–
Interest payable on Note		35,173			–
Operating leases right-of-use assets		6,230			13,686
Share and warrant-based compensation for employees and consultants		52,488			47,790
Stock based directors’ fees		9,002			9,003
Bad debts		15,000			100,000
Change in assets and liabilities:
Accounts receivable		(85,048	)		399,749
Due from factor		33,720			91,070
Capitalized contract costs		(12,824	)		(158,005	)
Inventory		20,465			5,545
Prepaid expenses and other		24,363			(63,513	)
Accounts payable		(259,571	)		(116,012	)
Accrued liabilities		(236,321	)		(104,257	)
Deferred revenue		95,718			455,868
Operating lease liabilities		(1,734	)		(14,033	)
Net cash used in operating activities		(835,312	)		297,084
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(4,570	)		(1,869	)
Net cash used in investing activities		(4,570	)		(1,869	)
CASH FLOW FROM FINANCING ACTIVITIES:
Offering costs		(248,783	)		(13,470	)
Proceeds for exercise of warrants		3,813,057			1,400
Receipt of cash from Employee stock purchase plan		–			–
Repayment of government loan		(35,047	)		(41,821	)
Net cash used in financing activities		3,529,227			(53,891	)

Effect of exchange rate changes		6,803			(62,275	)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		2,696,148			179,049
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		437,604			511,400
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	3,133,752		$	690,449

The MIL Network –

May 16, 2025

MIL-OSI USA: NASA Satellite Images Could Provide Early Volcano Warnings

Source: NASA

Scientists know that changing tree leaves can indicate when a nearby volcano is becoming more active and might erupt. In a new collaboration between NASA and the Smithsonian Institution, scientists now believe they can detect these changes from space.
As volcanic magma ascends through the Earth’s crust, it releases carbon dioxide and other gases which rise to the surface. Trees that take up the carbon dioxide become greener and more lush. These changes are visible in images from NASA satellites such as Landsat 8, along with airborne instruments flown as part of the Airborne Validation Unified Experiment: Land to Ocean (AVUELO).
Ten percent of the world’s population lives in areas susceptible to volcanic hazards. People who live or work within a few miles of an eruption face dangers that include ejected rock, dust, and surges of hot, toxic gases. Further away, people and property are susceptible to mudslides, ashfalls, and tsunamis that can follow volcanic blasts. There’s no way to prevent volcanic eruptions, which makes the early signs of volcanic activity crucial for public safety. According to the U.S. Geological Survey, NASA’s Landsat mission partner, the United States is one of the world’s most volcanically active countries.

When magma rises underground before an eruption, it releases gases, including carbon dioxide and sulfur dioxide. The sulfur compounds are readily detectable from orbit. But the volcanic carbon dioxide emissions that precede sulfur dioxide emissions – and provide one of the earliest indications that a volcano is no longer dormant – are difficult to distinguish from space.
The remote detection of carbon dioxide greening of vegetation potentially gives scientists another tool — along with seismic waves and changes in ground height—to get a clear idea of what’s going on underneath the volcano. “Volcano early warning systems exist,” said volcanologist Florian Schwandner, chief of the Earth Science Division at NASA’s Ames Research Center in California’s Silicon Valley, who had teamed up with Fisher and Bogue a decade ago. “The aim here is to make them better and make them earlier.”
“Volcanoes emit a lot of carbon dioxide,” said volcanologist Robert Bogue of McGill University in Montreal, but there’s so much existing carbon dioxide in the atmosphere that it’s often hard to measure the volcanic carbon dioxide specifically. While major eruptions can expel enough carbon dioxide to be measurable from space with sensors like NASA’s Orbiting Carbon Observatory 2, detecting these much fainter advanced warning signals has remained elusive. “A volcano emitting the modest amounts of carbon dioxide that might presage an eruption isn’t going to show up in satellite imagery,” he added.

Because of this, scientists must trek to volcanoes to measure carbon dioxide directly. However, many of the roughly 1,350 potentially active volcanoes worldwide are in remote locations or challenging mountainous terrain. That makes monitoring carbon dioxide at these sites labor-intensive, expensive, and sometimes dangerous.
Volcanologists like Bogue have joined forces with botanists and climate scientists to look at trees to monitor volcanic activity. “The whole idea is to find something that we could measure instead of carbon dioxide directly,” Bogue said, “to give us a proxy to detect changes in volcano emissions.”
“There are plenty of satellites we can use to do this kind of analysis,” said volcanologist Nicole Guinn of the University of Houston. She has compared images collected with Landsat 8, NASA’s Terra satellite, ESA’s (European Space Agency) Sentinel-2, and other Earth-observing satellites to monitor trees around the Mount Etna volcano on the coast of Sicily. Guinn’s study is the first to show a strong correlation between tree leaf color and magma-generated carbon dioxide.
Confirming accuracy on the ground that validates the satellite imagery is a challenge that climate scientist Josh Fisher of Chapman University is tackling with surveys of trees around volcanoes. During the March 2025 Airborne Validation Unified Experiment: Land to Ocean mission with NASA and the Smithsonian Institution scientists deployed a spectrometer on a research plane to analyze the colors of plant life in Panama and Costa Rica.

Fisher directed a group of investigators who collected leaf samples from trees near the active Rincon de la Vieja volcano in Costa Rica while also measuring carbon dioxide levels. “Our research is a two-way interdisciplinary intersection between ecology and volcanology,” Fisher said. “We’re interested not only in tree responses to volcanic carbon dioxide as an early warning of eruption, but also in how much the trees are able to take up, as a window into the future of the Earth when all of Earth’s trees are exposed to high levels of carbon dioxide.”
Relying on trees as proxies for volcanic carbon dioxide has its limitations. Many volcanoes feature climates that don’t support enough trees for satellites to image. In some forested environments, trees that respond differently to changing carbon dioxide levels. And fires, changing weather conditions, and plant diseases can complicate the interpretation of satellite data on volcanic gases.

Still, Schwandner has witnessed the potential benefits of volcanic carbon dioxide observations first-hand. He led a team that upgraded the monitoring network at Mayon volcano in the Philippines to include carbon dioxide and sulfur dioxide sensors. In December 2017, government researchers in the Philippines used this system to detect signs of an impending eruption and advocated for mass evacuations of the area around the volcano. Over 56,000 people were safely evacuated before a massive eruption began on January 23, 2018. As a result of the early warnings, there were no casualties.
Using satellites to monitor trees around volcanoes would give scientists earlier insights into more volcanoes and offer earlier warnings of future eruptions. “There’s not one signal from volcanoes that’s a silver bullet,” Schwandner said. “And tracking the effects of volcanic carbon dioxide on trees will not be a silver bullet. But it will be something that could change the game.”
By James RiordonNASA’s Earth Science News Team
Media contact: Elizabeth VlockNASA Headquarters

MIL OSI USA News –

May 16, 2025

DATE	Thursday, May 15, 2025
TIME	5:00 pm ET
WEBCAST	Register

Category: Asia

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