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Category: Asia

  • MIL-OSI Asia-Pac: Vice-President to visit Chennai (Tamil Nadu) on 31st January, 2025

    Source: Government of India (2)

    Vice-President to visit Chennai (Tamil Nadu) on 31st January, 2025

    VP to be the Chief Guest at the 3rd National Conference of the Deaf-Blind on Advocacy for Education, Accessibility and Well being

    Posted On: 29 JAN 2025 12:56PM by PIB Delhi

    The Vice-President of India, Shri Jagdeep Dhankhar, will be on a tour of Chennai, Tamil Nadu, on 31st January, 2025.

    During his visit, the Vice-President will preside as the Chief Guest at the 3rd National Conference of the Deaf-Blind on Advocacy for Education, Accessibility and Wellbeing, being organised by the National Institute for Empowerment of Persons with Multiple Disabilities (Divyangjan), Chennai, an organisation under the Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social Justice & Empowerment, Government of India.

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    JK/RC/SM

    (Release ID: 2097253) Visitor Counter : 71

    MIL OSI Asia Pacific News –

    January 30, 2025

  • MIL-OSI Asia-Pac: Union Minister of Textiles Shri Giriraj Singh inaugurated Handloom Conclave –Manthan at Dr. Ambedkar International Centre Janpath, New Delhi

    Source: Government of India

    Union Minister of Textiles Shri Giriraj Singh inaugurated Handloom Conclave –Manthan at Dr. Ambedkar International Centre Janpath, New Delhi

    Handloom Sector should target premium niche market through confluence of modernity with tradition, innovative designs and focussed market strategies: Shri Giriraj Singh, Union Minister of Textiles.

    Union Minister of Textiles appealed to all the Stake holders at “Handloom Conclave: Manthan” to make Handloom sector ‘Atmanirbhar’ by changing conventional mind set and making handloom weaving self-sustainable through innovative technological solutions and create a brand image for handloom products in global market.

    Union Minister of Textiles highlighted that the Textile Ministry is a perfect example of PM Modi’s vision of women empowerment as all the key functionaries of the Ministry are women and majority of artisan/weavers employed in the textile industry are also women.

    Union Minister of Textiles Shri Giriraj Singh launched Handloom Weavers E-Pehchaan portal and Online module for Handloom Awards.

    Posted On: 29 JAN 2025 11:30AM by PIB Delhi

    Union Minister for Textiles Shri Giriraj Singh emphasized that there is a strong need to create massive awareness regarding sustainable & eco-friendly nature of handloom product, benefits of natural dyeing, organic fibers and uniqueness of designs of Handloom products to target emerging E-commerce market, which is expected to become 325 Billion dollar market by year 2030.

    Union Minister of Textiles also urged organised/corporate sector working Textile industry to develop a model to provide sustainable livelihood ensuring social security and fair remuneration for Handloom weavers. An Award will be started by Textile Ministry for corporates/producer companies/Start-ups, which will create such a model for Handloom industry and provide sustainable employment to handloom weavers for minimum 300 days/year.

    Union Minister of State for External Affairs & Textiles Shri Pabitra Margherita addressed the event and emphasized that Handloom products are living testament of cultural heritage of our country. He also highlighted the importance of rejuvenating Handloom industry as a vibrant sector, which provides fair earnings to attract the younger generation.

    Secretary/Textiles while addressing the event highlighted that the ‘Conclave-Manthan’ is a ‘Chintan Shivir’, which is an effort of Ministry to establish “Samvaad’ with stakeholders to address concerns regarding availability of marketing avenues and attrition of youth from Handloom weaving. She also emphasized upon creating a synergy between modern education and traditional knowledge.

    Key highlights of the Event:

    • In the Conclave 03 technical sessions were organized:
    1. Support for start-up eco system in Handloom Sector.
    2.  Handloom Marketing Avenues and strategies.
    3. Modelling Handloom Sector for Young Weavers: Approach and Strategy.

    The key deliverables of the technical sessions are:

    1. Focussing on Niche products.
    2. Attractive packaging as an important value proposition. 
    3. Promote viable employment opportunities in handloom sector to attract youth.
    4. Curriculum for training courses to be designed in such a manner that it incorporates soft skills, IT knowledge and presentation skills.
    5. Customers buy story behind the product, story behind making of product may be highlighted to attract customers.
    6. To incorporate handloom weaving as a part of formal education.

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    Dhanya Sanal K

    (Release ID: 2097218) Visitor Counter : 27

    MIL OSI Asia Pacific News –

    January 30, 2025

  • MIL-OSI Asia-Pac: Union Minister Shri Jitan Ram Manjhi administered a Pledge on TB Mukt Bharat on 28.01.2025

    Source: Government of India (2)

    Posted On: 28 JAN 2025 5:00PM by PIB Delhi

    Union Minister for Micro, Small & Medium Enterprises (MSME), Shri Jitan Ram Manjhi administered a Pledge on ‘TB Mukt Bharat’ on 28.01.2025. The entire Ministry including the field offices like KVIC, NSIC, Coir Board, ni-msme, MGIRI, DFOs, Tool Rooms and Technology Centres joined in virtual mode.

    Ministry of MSME is a major partner for Ministry of Health and Family Welfare in their 100 days intensified campaign on TB Mukt Bharat. This campaign started on 7th December 2024 and will continue till 24th March 2025. Ministry of Health &FW has selected 347 High Priority Districts across 33 States/UTs. Through this campaign, resource mobilization, awareness generation and intensified action in prioritized States/Districts will be carried out.

    As on date, there are 5.88 crore registered MSMEs with a recorded employment figure of 24.98 crores. The Ministry through its field offices and through industry associations will provide support for awareness of the TB Mukt Bharat campaign. Ni-kshay Shivir (Screening Camps) in MSME and industrial hubs will also be organised in consultation with State nodal health department during the period 3rd to 15th Feb 2025. This coordinated collaboration is a good example of the ‘Whole of Government Approach’ greater impact and reach.

    Shri Jitan Ram Manjhi stated that the Ministry of MSME will provide support for such initiative. He also stressed that there is a need to focus on factors like clean environment around habitation, nutritious food and also to sensitize TB patients to come forward and avail the necessary treatment, especially in rural areas. He wished this endeavor a great success.

     

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    SK

    (Release ID: 2097198) Visitor Counter : 30

    MIL OSI Asia Pacific News –

    January 30, 2025

  • MIL-OSI Asia-Pac: English rendering of PM’s speech at the opening ceremony of 38th National Games in Dehradun, Uttarakhand

    Source: Government of India (2)

    Posted On: 28 JAN 2025 9:36PM by PIB Delhi

    Long live Mother India! 

    Governor of Devbhoomi Uttarakhand Gurmeet Singh Ji, young Chief Minister Pushkar Dhami Ji, my cabinet colleagues Ajay Tamta Ji, Raksha Khadse Ji, Speaker of Uttarakhand Assembly Ritu Khanduri Ji, Sports Minister Rekha Arya Ji, President of Commonwealth Games Chris Jenkins Ji, President of IOA P.T. Usha Ji, MP Mahendra Bhatt Ji, all the players from across the country who have come to participate in the National Games, and other dignitaries!

    Today, Devbhoomi has become more divine with the energy of youth. With the blessings of Baba Kedarnath, Badrinath ji, Maa Ganga, the National Games are starting today. This year is the 25th year of the formation of Uttarakhand. In this young state, thousands of youth from every corner of the country are going to show their capabilities. A very beautiful picture of Ek Bharat-Shreshtha Bharat is visible here. This time too, many indigenous traditional games have been included in the National Games. This time’s National Games are also Green Games in a way. Environment-friendly things are being used a lot in it. All the medals and trophies received in the National Games are also made of e-waste. A tree will also be planted here in the name of the medal winning players. This is a very good initiative. I wish all the players the best for their excellent performance. I congratulate Dhami ji and his entire team, every citizen of Uttarakhand for this wonderful event.

    Friends, 

    We often hear that gold becomes pure after being tested. We are also creating more and more opportunities for players so that they can further improve their capabilities. Today, many tournaments are being organized throughout the year. Many new tournaments have been added to the Khelo India series. Due to the Khelo India Youth Games, young players have got a chance to move forward. University Games are giving new opportunities to university students. The performance of para athletes through Khelo India Para Games is achieving new things. Just a few days ago, the fifth edition of Khelo India Winter Games started in Ladakh. Last year itself, we organized Beach Games. 

    And comrades,

    It is not that only the government is doing all these works. Today, hundreds of BJP MPs are organizing MP sports competitions in their areas to bring forward new talent. I am also an MP from Kashi. If I talk only about my parliamentary constituency, then every year in the MP sports competition, about 2.5 lakh youth in the Kashi parliamentary constituency are getting a chance to play and flourish. That is, a beautiful bouquet of sports has been prepared in the country, in which flowers bloom in every season, and tournaments are held continuously.

    Friends,

    We consider sports as a major medium for the all-round development of India. When a country progresses in sports, the credibility of the country also increases, the profile of the country also increases. Therefore, today sports are being linked to the development of India. We are linking it to the self-confidence of the youth of India. Today, India is moving towards becoming the third largest economic power in the world, it is our endeavor that sports should have a major part of the economy in this. You know, not only a player plays in any sport, there is a whole ecosystem behind it. There are coaches, trainers, people who focus on nutrition and fitness, doctors, equipment. That is, there is scope for both service and manufacturing in it. India is becoming a quality manufacturer of these different sports equipment used by players from all over the world. Meerut is not very far from here. There are more than 35 thousand small and big factories manufacturing sports equipment there. More than three lakh people are working in them. Today the country is working towards creating these ecosystems in every corner of the country.

    Friends,

    Some time ago, I had the opportunity to meet the Olympic team at my residence in Delhi. During the conversation, a friend gave me a new definition of PM. He said that the country’s players do not consider me as PM or Prime Minister, but as their Param Mitra. This belief of yours gives me energy. I have full faith in all of you, in your talent and capabilities. We are trying our best to increase your capabilities and improve your game. Look at the last 10 years, we have constantly focused on supporting your talent. The sports budget that was there 10 years ago has more than tripled today. Under the TOPS scheme, hundreds of crores of rupees are being invested on dozens of players of the country. Under the Khelo India program, modern sports infrastructure is being built across the country. Today, sports have been mainstreamed even in schools. The country’s first sports university is also being built in Manipur.

    Friends,

    We are seeing the results of these efforts of the government on the ground, it is visible in the medal tally. Today Indian players are flying their flag in every international event. Our players have performed so well in the Olympics and Paralympics. Many players from Uttarakhand have also won medals. I am happy that many medal winners have come here to this venue today to encourage you.

    Friends, 

    The old glory days of hockey are returning. Just a few days ago, our Kho-Kho team won the World Cup. The world was surprised when our Gukesh D. won the World Chess Championship title. Koneru Humpy became the Women’s World Rapid Chess Champion, this success shows how sports in India is no longer just an extra-curricular activity. Now our youth are considering sports as a major career choice. 

    Friends,

    Just like our players always move ahead with big goals, our country is also moving ahead with big resolutions. You all know that India is making all efforts to host the 2036 Olympics. When the Olympics will be held in India, it will take Indian sports to new heights. Olympics is not just an event of a game, in whichever country of the world the Olympics are held, many sectors get a boost. The sports infrastructure that is built for the Olympics also creates employment. Better facilities are created for the players in the future. New connectivity infrastructure is built in the city where the Olympics are held. This strengthens the construction related industry, and the transport related sector progresses. And the biggest benefit is to the tourism of the country. Many new hotels are built, people from all over the world come to participate in the Olympics and watch the games. The entire country benefits from this. Like this National Games is being organized here in Devbhoomi Uttarakhand. The spectators who come here from other parts of the country will also go to other parts of Uttarakhand. This means that a sports event not only benefits the players, but the economy of many other sectors also grows due to it.

    Friends,

    Today the world is saying that the 21st century is the century of India. And after visiting Baba Kedarnath, it suddenly came out of my mouth, from my heart – this is the decade of Uttarakhand. I am happy that Uttarakhand is progressing rapidly. Just yesterday, Uttarakhand became the state of the country that implemented the Uniform Civil Code, I sometimes also call it Secular Civil Code. Uniform Civil Code will become the basis for the dignified life of our daughters, mothers and sisters. Uniform Civil Code will strengthen the spirit of democracy, the spirit of the Constitution will be strengthened. And today I am here in this sports event, so I also see it connected to you. Sportsmanship takes us away from every feeling of discrimination, the mantra behind every victory, every medal is – Sabka Prayas. Sports inspires us to play with team spirit. The same spirit is there in Uniform Civil Code also. No discrimination against anyone, everyone is equal. I congratulate the BJP government of Uttarakhand for this historic step. 

    Friends,

    For the first time in Uttarakhand, such a national event is being organized on such a large scale. This is a big deal in itself. This will also create more employment opportunities here, the youth here will get work here. Uttarakhand will have to create more new ways for its development. Now the economy of Uttarakhand cannot depend only on the Char Dham Yatras. Today the government is continuously increasing the attraction of these Yatras by increasing facilities. The number of devotees is also making new records every season. But this is not enough. It is also important to encourage winter spiritual journeys in Uttarakhand. I am happy that some new steps have been taken in Uttarakhand in this direction too. 

    Friends, 

    Uttarakhand is my second home in a way. I also wish to be a part of winter travel. I would also like to tell the youth of the country to definitely visit Uttarakhand in winter. At that time, the number of devotees was not that much. There is a lot of scope for adventure activities for you here. All you athletes should also definitely find out about them after the National Games and if possible, enjoy the hospitality of Devbhoomi for more days. 

    Friends,

    All of you represent your respective states. In the coming days, you will compete fiercely here. Many national records will be broken, new records will be made. You will give your 100% according to your full potential, but I also have some requests for you. These National Games are not just a sporting competition, it is also a strong platform for Ek Bharat Shreshtha Bharat. This is an event to celebrate the diversity of India. You should try to ensure that your medals also reflect the shine of India’s unity and superiority. You should go from here with better knowledge of the language, food, songs and music of different states of the country. I also have a request regarding cleanliness. Due to the efforts of the residents of Devbhoomi, Uttarakhand is working hard towards becoming plastic free, trying to move forward. The resolution of plastic free Uttarakhand cannot be fulfilled without your support. Do contribute in making this campaign a success.

    Friends, 

    All of you understand the importance of fitness. That is why today I want to talk about a challenge which is very important. Statistics say that the problem of obesity is increasing rapidly in our country. Every age group of the country, and even the youth, are being badly affected by it. And this is also a matter of concern because obesity increases the risk of diseases like diabetes, heart disease. I am satisfied that today the country is becoming aware of fitness and healthy lifestyle through the Fit India Movement. These national games also teach us how important physical activity, discipline and balanced life are. Today I would like to tell the countrymen to definitely focus on two things. These two things are related to exercise and diet. Every day, take out some time and do exercise. From walking to working out, do whatever is possible. Secondly, focus on your diet. Your focus should be on balanced intake and the food should be nutritious. 

    There can be one more thing. Reduce unhealthy fat and oil in your food. Now in our normal homes, ration comes at the beginning of the month. Till now, if you used to bring home two liters of cooking oil every month, then reduce it by at least 10 percent. Reduce the amount of oil we use every day by 10 percent. We will have to find some ways to avoid obesity. Taking such small steps can bring a big change in your health. And this is what our elders used to do. They used to eat fresh food, natural things, and balanced meals. Only a healthy body can create a healthy mind and a healthy nation. I will also ask the state governments, schools, offices and community leaders to spread awareness about this, all of you have a lot of practical experience. I want you to continuously spread the information about correct nutrition to the people. Come, let us all together create a ‘Fit India’, with this call. 

    Friends, 

    Although it is my responsibility to start the National Games, today I want to do it by involving all of you. So for the inauguration of these games, turn on the flash lights of your mobiles, all of you. All of you turn on the flash lights of your mobiles. Everyone’s mobile flash lights should be turned on, everyone’s mobile flash lights should be turned on. Together with all of you, I declare the start of the 38th National Games. Once again, best wishes to all of you.

    Thank you !

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News –

    January 30, 2025

  • MIL-OSI Asia-Pac: Travel of magnetic pole from Canada to Siberia, disallows deeper dive of particles

    Source: Government of India

    Posted On: 29 JAN 2025 5:33PM by PIB Delhi

    The drift of the Earth’s north magnetic pole from Canada to Siberia has influenced the penetration altitudes of charged particles in the mid-high latitudes in the Earth’s magnetosphere, shows a new study. Understanding the behavior of these particles with an electric charge, such as electrons, quarks, protons, and ions that are responsible for the Northern lights or aurora, can better predict space weather and safeguard our satellite systems.

    Earth’s magnetic field, a protective shield created by the planet’s core, is quietly changing. This invisible force field, which helps guide compasses and protect us from harmful solar winds, has been shifting for over a century. Scientists noticed that the north magnetic pole, which used to be nestled in Canada, till 1990, had slowly but steadily drifted toward Siberia. By 2020, it was moving at a surprising speed of about 50 kilometers per year. While this might sound like a minor geographic adjustment, the shift had significant consequences for the way charged particles behaved in space.

    In Earth’s magnetosphere, a region called the radiation belts, hold energetic charged particles like protons and electrons. These particles, influenced by Earth’s magnetic field, gyrate, bounce, and drift around the planet. But where these particles end up—and how close they get to Earth—depends on the strength and shape of the magnetic field. Scientists have been trying to investigate how does the movement of the north magnetic pole change the paths of these particles.

    Researchers at the Indian Institute of Geomagnetism, an autonomous institute of the Department of Science and Technology (DST) decided to simulate the trajectory of these particles using simulation models. They simulated three-dimensional relativistic test particles based on the IGRF-13 (International Geomagnetic Reference Field) model, to quantify changes in the altitudes of energetic protons.

    Ms. Ayushi Srivastava, Dr Bharati Kakad, and Dr Amar Kakad discovered that in the year 1900, particles near the Canadian region, where the magnetic field was stronger, tended to stay at higher altitudes. But by the year 2020, the story was different. As the north pole shifted toward Siberia, the magnetic field in Canada weakened while the field in Siberia grew stronger.

    According to the study published in the journal Advances in Space Research, this shift,disallowed particles over Siberian longitudes to dive deeper into Earth’s atmosphere. For some particles, the lowest altitudes they could reach (called penetration altitudes)rose by as much as 400 to 1200 kilometers over Siberia. This is because the stronger magnetic field gradients in Siberia created by the north magnetic field drift interacts with the ambient magnetic field and creates a force, which alters the trajectory of the charged particles. As a result, the particles are deflected outward, effectively preventing them from approaching the Earth in the Siberian region.

    Such impact of geomagnetic field variations on particle dynamics, have real-world implications. Satellites in polar orbits, which pass through these regions, can experience varying levels of drag (resistive force caused by change in atmospheric density due to heating cause by collision of high energy and atmospheric particles) depending on how deep charged particles penetrate the atmosphere. The energy these particles deposit can also heat the atmosphere, changing its density and affecting satellite paths.

     

    Fig1: Representation of north magnetic drift from 1900 to 2020. The white asterisk and dots represent the location of the maximum magnetic field and magnetic pole for the respective years for the respective hemispheres.

     

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    NKR/ PSM

    (Release ID: 2097391) Visitor Counter : 16

    MIL OSI Asia Pacific News –

    January 30, 2025

  • MIL-OSI Asia-Pac: Prime Minister condoles loss of lives in Prayagraj Maha Kumbh

    Source: Government of India

    Posted On: 29 JAN 2025 12:29PM by PIB Delhi

    The Prime Minister Shri Narendra Modi has condoled loss of lives in Prayagraj Maha Kumbh.

    Shri Modi said that he has spoken to Uttar Pradesh Chief Minister and all necessary steps are being taken to support those affected in the tragedy. Shri Modi also wished a speedy recovery for the injured.

    — Narendra Modi (@narendramodi) January 29, 2025

    ******

    MJPS/ST

    (Release ID: 2097238) Visitor Counter : 98

    MIL OSI Asia Pacific News –

    January 30, 2025

  • MIL-OSI Europe: EIB Global lends €125 million to finance SES’s medium earth orbit satellites

    Source: European Investment Bank

    • EIB Global loan will partially fund SES’s continued O3b mPOWER medium earth orbit fleet expansion, enabling additional capacity worldwide.
    • The O3b mPOWER satellite network aims to bridge the urban-rural digital divide, supporting objectives of the EU’s Global Gateway initiative and the EU Space Programme 2021-2027.

    The European Investment Bank’s global arm, EIB Global, has signed a €125 million loan agreement with SES, a provider of satellite-enabled content and connectivity solutions, for three satellites of its second-generation medium earth orbit (MEO) system, O3b mPOWER. SES has already launched eight of 13 O3b mPOWER satellites, which operate 8 000 km away from the Earth, delivering high throughput and flexibility.

    The loan will enable SES to provide enhanced broadband connectivity through its MEO system, reaching underserved and remote areas across Africa, Asia and Latin America. It will also help close the urban-rural digital divide and improve access to essential services like education, healthcare and e-governance.

    “Digital connectivity is essential for economic and social development, particularly in regions where access to broadband is limited. By fostering enhanced connectivity, this collaboration with SES will not only help to bridge the digital divide, but will also unlock new opportunities by improving quality of life for millions of people. The project will also help strengthen Europe’s independence in the area of access to space-based data traffic – reflecting the EIB’s commitment to supporting Europe’s strategic autonomy in the domains of space and global connectivity,” said EIB Vice-President Robert de Groot.

    Sandeep Jalan, Chief Financial Officer at SES, said, “We are pleased to have secured this term loan from the EIB, which reflects their confidence in our business and network and underscores our ability to secure funding from diverse sources while bolstering SES’s financial foundation. This agreement further enables us to deliver high-performance, multi-orbit connectivity services securely and reliably to our customers worldwide.”

    The loan aligns with the European Union’s Global Gateway initiative, which promotes investment in secure and sustainable infrastructure to connect people and improve lives around the world. It is also part of the EIB’s activities related to the EU Space Programme 2021-2027, strengthening Europe’s position in space technology and innovation.

    Background information

    About EIB Global

    The EIB is the long-term lending institution of the European Union, owned by the Member States. It finances investments that contribute to EU policy objectives.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. We aim to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through our offices across the world.

    About SES

    SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous orbit fleet and medium earth orbit (GEO-MEO) constellation of satellites, offering a combination of global coverage and high-performance services. Using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG).

    MIL OSI Europe News –

    January 30, 2025

  • MIL-OSI: Lantronix Launches New 28-Port PoE++ Network Switch at 2025 BICSI Winter Conference & Exhibition

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX) (the “Company”), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will launch its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch as well as feature its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the 2025 BICSI Winter Conference & Exhibition. Taking place Feb. 4–6, 2025, at the Gaylord Palms Resort & Convention Center in Orlando, Fla., Lantronix will exhibit these newest items, along with more IoT network solutions, at booth Number 910.

    “At BICSI, we will feature our new PoE++ network switches that offer flexibility in port speed and power while delivering the always-on performance needed for critical applications, such as smart building, wireless and security and surveillance. Our users know they can rely on Lantronix’s secure network solutions to stay connected at the network edge while gaining easy, intuitive control of end-to-end devices,” said Mathi Gurusamy, chief strategy officer at Lantronix.

    Ideal for connecting and powering wireless devices in security and surveillance, smart building and other applications that require always-on performance, Lantronix’s new 28-port Managed Ethernet PoE++ Switch features 2.5G ports and IEEE 1588v2 precision clock synchronization protocol, providing the highly accurate time synchronization needed for use in applications like wireless networks and financial trading. Similar to other Lantronix switches, it also includes the unique, simple-to-navigate user interface with device management features that help reduce troubleshooting time and operating costs. The switches come integrated with Lantronix’s Percepxion™ Software End-to-End Solutions platform, providing comprehensive device life cycle management, enterprise application integration and data analytics, all through a single pane of glass.

    Lantronix Speaker to Present on Lantronix’s New 24-Port Switch

    Dennis Troxell, senior field applications engineer at Lantronix, will speak about Lantronix’s 24-port SM24TBT4SA Managed Gigabit Ethernet PoE++ switch. He will highlight its benefits in smart buildings and security and surveillance applications as part of the “What’s New, What’s It Do?” speaker series held on Monday, Feb. 3, at 5:40 p.m. at the BICSI Theatre.

    Other solutions on display at the Lantronix booth include:

    Network Extension Solutions

    Secure Data Transmission at the Desktop Solutions

    • Fiber to the Desk Solutions: Learn how to improve security and increase network reliability by integrating fiber optic cabling with existing copper infrastructure utilizing compact Mini Media Converters or Network Interface Cards (NICs) at desktop workstations

    Solutions for Connecting and Powering at the Network Edge

    Industrial IoT Solutions

    About Lantronix

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

    For more information, visit the Lantronix website.

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

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

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

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

    January 30, 2025

  • MIL-OSI United Kingdom: Government backs Heathrow expansion to kickstart economic growth

    Source: United Kingdom – Executive Government & Departments

    Lift-off for growth as government backs expansion at Britain’s busiest and only hub airport.

    • Plan could create over 100,000 direct jobs, boost a better-connected British economy by billions, and lead to cheaper fares and fewer delays for families as part of Plan for Change.
    • Expansion must be delivered in line with UK’s legal, environmental and climate obligations.

    Working people and businesses across Britain will benefit from a government going “further and faster” to kickstart economic growth, as the Chancellor today [29 January] announced the government’s support for a third runway at Heathrow.

    Speaking to an audience of business chiefs at Siemens in North Oxfordshire this morning, the Chancellor set out the government’s latest set of reforms to kickstart economic growth and drive up living standards across the UK by driving investment, getting Britain building and tackling regulatory barriers. This included the announcement that the government supports and is inviting proposals for a third runway at Heathrow.

    The Chancellor confirmed that the government will move at speed to review the Airports National Policy Statement (ANPS). This provides the basis for decision making on granting development consent for a new runway at Heathrow, to ensure that any scheme is delivered in line with our legal, environmental and climate obligations.

    In her speech, Chancellor of the Exchequer Rachel Reeves said:

    I have always been clear that a third runway at Heathrow would unlock further growth, boost investment, increase exports, and make the UK more open and more connected as part of our Plan for Change.

    And now the case is stronger than ever because our reforms to the economy – like speeding up our planning system, and our strengthened plans to modernise UK airspace – mean the delivery of this project is set up for success.

    So I can confirm today that this Government supports a third runway at Heathrow and is inviting proposals to be brought forward by the summer.

    As well as creating over 100,000 jobs in the local area and many more indirectly, research published today by Frontier Economics finds that 60% of the economic boost from a third runway would be felt by areas outside of London and the South East – putting more money in the pockets of working people across the UK through lower fares and greater choice for passengers as part of our Plan for Change.

    During the speech, Reeves announced that the Transport Secretary Heidi Alexander is expected to take decisions on expansion plans at Gatwick and Luton shortly, and that the government will work with Doncaster Council and the Mayor of South Yorkshire to support their efforts to reopen Doncaster Sheffield Airport as a thriving regional airport.

    The Chancellor also announced that a new partnership between global logistics giant Prologis and East Midlands Airport to build a new advanced manufacturing park within the East Midlands Freeport zone to unlock £1 billion of investment and 2,000 jobs. It follows this government’s swift approval of similarly stalled plans for London City Airport to expand to nine million passengers per year by 2031 and a £1.1 billion investment at Stansted Airport to extend its terminal and create 5,000 jobs.

    After delivering stability to the public finances and wider economy as the basic precondition for economic growth, the pace of investment and reform demonstrates the government’s willingness to secure the future of the UK’s world-class aviation sector and the sustainable growth it can provide. Air freight represented 57% of the UK’s non-EU exports by value in 2023, with over 60% of freight coming through the UK doing so through Heathrow. International connectivity also supports vital tourism and business links, with overseas visitors spending £31 billion on their visits to the UK in 2023 and 15 million business travellers using Heathrow in the same year.

    It comes after reforms to speed up the planning system and a presumption to ‘back the builders over the blockers’ were set out by the Prime Minister Keir Starmer last week. The government has committed to making decisions on 150 major economic infrastructure applications over this Parliament, having already made decisions on multiple significant projects within its first six months spanning airports, data centres, energy farms, and major housing developments. The Planning and Infrastructure Bill to be introduced in Spring will enact further sweeping reforms and take an axe to the red tape that slows down approval of infrastructure projects.

    Alongside these reforms and plans to modernise UK airspace, the government is taking great strides in transitioning to greener aviation. Sustainable Aviation Fuel reduces CO2 emissions compared to fossil jet fuel by around 70% and the Chancellor announced that the government is supporting UK producers by investing £63 million in 2025-26 into the Advanced Fuels Fund and setting out details of a Revenue Certainty Mechanism. This will support investment and high-skilled green jobs in plants across the UK – with previous winners of the Fund ranging from across the north of England to South Wales – and follows the Sustainable Aviation Fuel Mandate coming into law at the start of 2025. Taken together, our commitments to SAF will support thousands of jobs in places like Teesside and Humberside, bring down our transport emissions, and help make the UK a clean energy superpower as part of our Plan for Change.

    The government is also assessing options for privately financing the Lower Thames Crossing, which will improve connectivity across vital ports and alleviate congestion as goods to be exported come from across the country to markets overseas. 

    In further recognition that the Government’s clean energy superpower mission is helping to drive the UK’s economic growth mission, Reeves announced that the government will designate new Marine Protected Areas to enable offshore wind, whilst protecting our marine environment. In doing so, barriers to 16 gigawatts of offshore wind will be unblocked – as much electricity as was produced by all gas power plants in 2024 – and up to £30 billion of private investment in homegrown clean power will be unlocked, creating thousands of good clean energy jobs in the offshore wind sector in areas like East Anglia and Yorkshire.

    A new approach to the Oxford-Cambridge Growth Corridor – a centre of innovation which could become Europe’s answer to Silicon Valley – will be spearheaded by Sir Patrick Vallance as a Ministerial Champion. The economic potential of this region will be unlocked through leveraging the strengths it boasts in sectors across Britain’s new modern Industrial Strategy, from life sciences and tech to advanced manufacturing.

    The Chancellor set out the government’s plans to increase investment across the whole of the UK. She stressed that the government would do more to support city regions and local leaders outside of London and the South East, in recognition that bringing the productivity of major cities like Manchester, Birmingham and Leeds to the national average would deliver an extra £33 billion in output for the UK economy.

    Reeves confirmed the backing of the Mayor of Greater Manchester’s plans for the regeneration of the area around Old Trafford, including new housing and commercial development, and the new approach to planning decisions on land around stations, changing the default to yes. The Office for Investment is expanding its support to local leaders across the UK to help develop and promote their investment plans, and new strategic partnerships from the National Wealth Fund (NWF) will provide deeper, more focused support for city regions starting in Glasgow, West Yorkshire, the West Midlands, and Greater Manchester.

    NWF and Aviva have today invested £65 million in Connected Kerb to back plans for the electric vehicle smart charging infrastructure company to expand its UK EV charging network towards 40,000 sockets – up from 9,000 as of the end of 2024. This substantial investment into the UK’s public charging infrastructure – one of the NWF’s priority sectors – is crucial for delivering the forecast requirement of at least 300,000 public EV chargers by 2030. NWF is also investing £28 million in Cornish Metals to provide the raw materials to be used in solar panels, wind turbines and electric vehicles, supporting growth and jobs in the South West of England.

    Reeves announced that the Treasury will review the Green Book and how it is being used to provide objective, transparent advice on public investment across the country, including outside London and the South East. There were also further details announced on Investment Zones, with the Wrexham and Flintshire Investment Zone to focus on the area’s strengths in advanced manufacturing. Backed by the likes of Airbus and JCB, this is expected to crowd in £1 billion of private investment over a decade and create up to 6,000 jobs.

    The Chancellor said that the Business and Trade Secretary Jonathan Reynolds will visit India next month to relaunch talks on a free-trade agreement and bilateral investment treaty, She set out that the guiding principle the government will take in its approach to trade is acting in the national interest of Britain’s economy, its businesses and working people. A trade deal with India, as one of the fastest growing economies in the world and one which is projected to be the fourth largest global importer by 2035, is in line with this approach.

    Notes to Editors

    • The Chancellor’s speech can be found on gov.uk later today here.
    • As part of the ANPS review, government will engage the Climate Change Committee on how aviation expansion can be made consistent with our net zero framework.

    Stakeholder reaction

    Kenton Jarvis, CEO of easyJet, said:

    I welcome the Government’s pro-growth agenda and their recognition of the importance of aviation and the crucial role it plays as an enabler of economic growth. As an island nation, this industry provides much-needed connectivity as well as creating many skilled jobs which contribute to the wider prosperity of the country. 

    Expansion at Heathrow will provide consumer and economic benefits and represents a unique opportunity for easyJet to operate from the airport at scale for the first time and bring with it lower fares for consumers.

    Paul Weston, Regional Head of Prologis UK said:

    The Chancellor’s announcements reflect a drive to support enhanced UK economic growth, which underscores Prologis’ global partnership with East Midlands Airport to unlock investment at the nation’s only inland Freeport site.

    We are focused on delivering a new Advanced Manufacturing and Logistics park at pace and in partnership, harnessing the site’s unique potential.

    Prologis, as a partner of choice, continues to commit to opportunities across the UK that underpin growth, building the foundations that support economic opportunities and on-the-ground benefits, with central, regional and local government.

    Gordon Sanghera, Chief Executive Officer, Oxford Nanopore Technologies said:

    The attention given to the innovation potential in the Oxford-Cambridge Growth Corridor is welcome. This is an opportunity to strengthen the UK’s tech infrastructure, expand access to talent, and attract investment—the foundations of innovation—so we can turn more pioneering UK life science start-ups into global scale-ups. The UK can be the best place in the world for breakthrough technologies.

    Tim Knowles, Founder and Managing Director of FI Real Estate Management, said:

    As an investor in Wrexham for almost 20 years, we’re delighted to see the announcement that Wrexham and Flintshire will receive Advanced Manufacturing Investment Zone status, with three of our schemes on Wrexham Industrial Estate – Wrexham 1M, Wrexham 152, and Bridgeway Centre – forming part of the designated zone.

    Across these sites, we’ll be investing £115m to create new, high-quality industrial accommodation, supporting the creation of over 1,000 new jobs and delivering an estimated economic value of £1.2bn in Wrexham over the next 10 years.

    Mark Turner, JCB’s Chief Operating Officer said:

    JCB has been a prominent feature of the industrial and economic landscape in Wrexham and Flintshire for over 45 years. Innovation is the lifeblood of our business and we welcome the creation of an Investment Zone in North Wales and hope that it will attract many other businesses to the area. As an advanced manufacturer of precision engineering components, JCB Transmissions looks forward to other advanced manufacturing businesses coming to the area. This could go a long way towards building the supply chain resilience of existing manufacturing businesses in the area, such as JCB.

    We place a lot of values on skills in our business and we look forward to the Investment Zone positively supporting skills development in the future. JCB continues to invest in our business in Wrexham and today’s IZ announcement bodes well for the economic development of the area in the future.

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    Updates to this page

    Published 29 January 2025

    MIL OSI United Kingdom –

    January 30, 2025

  • MIL-OSI USA: Wismettac Asian Foods Issues Allergy Alert on Undeclared Milk in Curvee Puffs Corn Puff Snack

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    January 28, 2025
    FDA Publish Date:
    January 28, 2025
    Product Type:
    Food & Beverages
    Snack Food Item
    Allergens
    Reason for Announcement:

    Recall Reason Description

    Undeclared milk.

    Company Name:
    Wismettac Asian Foods, Inc.
    Brand Name:

    Brand Name(s)

    Shirakiku

    Product Description:

    Product Description

    Snack foods-Corn Puffs

    Company Announcement

    Wismettac Asian Foods, Inc., Santa Fe Springs, CA is expanding its January 17, 2025 recall of 2.46 oz packages of Shirakiku brand Curvee Puffs Corn Puff Snack Curry Flavor. The expansion now includes two additional flavors; Sea Salt & Umami Flavor and Corn Potage Flavor. The product contains the undeclared milk. People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume those products.

    The product was distributed nationwide in AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NE, NJ, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI through retail stores, restaurants, online business. The product was also exported to Mexico and Peru.

    The product is packaged in a 2.46 oz flexible bag. The UPC for the product is located on the back right side of the product package. This issue affected all lot codes or date codes.

    The contamination was discovered after samples were collected from a store in Baltimore, Maryland and subsequent analysis by State of Maryland Department of Health Laboratories Administration revealed the presence of Listeria Monocytogenes in some 200g packages of Daily Veggies Enoki Mushroom form Korea. Remaining products in the warehouse had been destroyed.

    Consumers who have purchased 200g packages of Daily Veggies Enoki Mushroom from October to November of 2024 are urged to destroy the products immediately or return them to the place of purchase for a full refund. Consumers with questions may contact the company at 718-808-1018.

    Consumers who have purchased Dynacare Baby Powder (see products/lots below) should discontinue use immediately and return it for a full refund.

    Item Number 

    Item Description 

    Packing Size 

    UPC Code 

    #78512

    SNACK CURVEE PUFF CURRY SK

    20/ 2.46 OZ

    074410785123

    #65155

    SNACK CURVEE PUFFS SEA SALT & UMAMI SK

    20/ 2.46 OZ

    074410651558

    #65156

    SNACK CURVEE PUFFS CORN POTAGE SK

    20/ 2.46 OZ

    074410651565

    No illnesses have been reported to date in connection with this issue.

    The recall was initiated after discovering that the product contained an undeclared allergen (milk). The last distribution of the product in the marketplace was on January 10, 2025.

    Consumers who have purchased the product are urged to return them to the place of purchase for a full refund.

    Consumers with questions may contact the company at recall@wismettacusa.com.

    Link to Initial Press Release

    Company Contact Information

    Product Photos

    MIL OSI USA News –

    January 30, 2025

  • MIL-OSI Economics: Private Placement of Non-Convertible Debentures (NCDs) with maturity period of more than one year by HFCs – Review of guidelines

    Source: Reserve Bank of India

    RBI/2024-25/107
    DOR.FIN.REC.No.58/03.10.136/2024-25

    January 29, 2025

    All Housing Finance Companies (HFCs)

    Dear Sir/ Madam,

    Private Placement of Non-Convertible Debentures (NCDs) with maturity period of more than one year by HFCs – Review of guidelines

    Please refer to Chapter XI of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 wherein guidelines on private placement of NCDs by HFCs have been prescribed.

    2. On a review, it has been decided that the Guidelines on Private Placement of NCDs (with maturity more than one year) by NBFCs, as contained in para 58 of the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (as amended from time to time) shall be applicable, mutatis-mutandis, to HFCs. Accordingly, the existing guidelines under Chapter XI of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 stand repealed. The revised guidelines shall be applicable to all fresh private placements of NCDs (with maturity more than one year) by HFCs from the date of this circular.

    3. The Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 is being modified as detailed in Annex.

    Yours faithfully,

    (J.P. Sharma)
    Chief General Manager

    Annex to circular no.DOR.FIN.REC.No.58/03.10.136/2024-25 dated January 29, 2025

    Annex

    New paragraph

    56A. The instructions regarding “Raising Money through Private Placement by NBFCs” as contained in para 58 of the Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 (as amended from time to time) shall be applicable, mutatis-mutandis, to HFCs.

    Deleted Paragraphs

    Paragraphs 57 to 68A under Chapter XI of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 stand deleted.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Africa: Africa Energy Summit, leaders commit to energy transformation with more than $50billion backing from global partners

    Source: Africa Press Organisation – English (2) – Report:

    DAR ES SALAAM, Tanzania, January 29, 2025/APO Group/ —

    Thirty African Heads of State and government today committed to concrete reforms and actions to expand access to reliable, affordable, and sustainable electricity to power economic growth, improve quality of life, and drive job creation across the continent. The leaders pledged their commitment in a declaration during the two-day Mission 300 Africa Energy Summit in the Tanzanian commercial capital, Dar es Salaam. Mission 300 partners pledged more than $50 billion in support of increasing energy access across Africa.

    The Dar es Salaam Energy Declaration represents a key milestone in addressing the energy gap in Africa, where more than 600 million people currently live without electricity. The commitments in the Declaration are a critical piece of the Mission 300 initiative, which unites governments, development banks, partners, philanthropies, and the private sector to connect 300 million Africans to electricity by 2030. The Declaration will now be submitted to the African Union Summit in February for adoption.

    By addressing the fundamental challenge of energy access, Mission 300 serves as the cornerstone of the jobs agenda for Africa’s growing youth population and the foundation for future development.

    Twelve countries—Chad, Côte d’Ivoire, Democratic Republic of Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Nigeria, Senegal, Tanzania, and Zambia—presented detailed National Energy Compacts that set targets to scale up electricity access, increase the use of renewable energy and attract additional private capital. These country-specific plans are time-bound, rooted in data, endorsed at the highest level and focus on affordable power generation, expanding connections, and regional integration. They aim to boost utility efficiency, attract private investment, and expand clean cooking solutions. Deploying satellite and electronic mapping technologies, these compacts identify the most cost-effective solutions to bring electricity to underserved areas.

    “Tanzania is honored to have hosted such a monumental summit to discuss how, as leaders, we will be able to deliver on our promise to our citizens to provide power and clean cooking solutions that will transform lives and economies,” said H.E. Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania.

    Implementing the National Energy Compacts will require political will, long-term vision and the full support from Mission 300 partners. Governments are paving the way through comprehensive reforms, complemented by increased concessional financing and strategic partnerships with philanthropies and development banks to catalyze increased private sector investment.

    Dr. Akinwumi A. Adesina, President of the African Development Bank Group, emphasized the need for decisive action to accelerate electrification across the continent. “Critical reforms will be needed to expand the share of renewables, improve utility performance utilities, ensure transparency in licensing and power purchase agreements, and establish predictable tariff regimes that reflect production costs. Our collective effort is to support you, heads of state and government, in developing and implementing clear, country-led national energy compacts to deliver on your visions for electricity in your respective countries.”

    “Access to electricity is a fundamental human right. Without it, countries and people cannot thrive,” said Ajay Banga, President of the World Bank Group. “Our mission to provide electricity to half of the 600 million people in Africa without access is a critical first step. To succeed, we must embrace a simple truth: no one can do it alone. Governments, businesses, philanthropies, and development banks each have a role—and only through collaboration can we achieve our goal.”

    During the summit, partners announced a series of commitments:

    • African Development Bank Group and the World Bank Group plan to allocate $48 billion in financing for Mission 300 through 2030, which may evolve to fit implementation needs
    • Agence Francaise de Development (AFD): €1 billion to support energy access in Africa
    • Asian Infrastructure Investment Bank (AIIB): $1 billion to $1.5 billion to support Mission 300
    • Islamic Development Bank (IsDB) Group: $2.65 billion in support of Mission 300 and energy access in Africa from 2025-2030
    • OPEC Fund: An initial commitment of $1 billion in support of Mission 300 with additional financing to follow
    • World Bank Group and the African Development Bank Group: Launched Zafiri, an investment company that supports private sector-led solutions, such as renewable mini-grids and solar home systems. Zafiri anchor partners will invest up to $300 million in the first phase and mobilize up to $1 billion to address the persistent equity gap in Africa in these markets.

    The firm commitments made by governments and partners at the summit demonstrate the unique power of the Mission 300 partnership. By combining government reforms, increased financing, and leveraging public-private partnerships, African countries are positioned to turn plans into action, delivering tangible benefits to millions of people.

    The Mission 300 Africa Energy Summit was hosted by the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group (WBG), with support from the Rockefeller Foundation, ESMAP, Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL) and the Sustainable Energy Fund for Africa.

    MIL OSI Africa –

    January 29, 2025

  • MIL-OSI Economics: Samsung Hosts Season 3 of #PlayGalaxy Cup with Galaxy S25 Series, India’s Top Gamers Join the Action

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, is thrilled to announce the third edition of its ultimate gaming showdown: #PlayGalaxy Cup played on the new Galaxy S25 Ultra, a power-packed device designed to be a true AI companion. One of the biggest gaming events hosted in India, the #PlayGalaxy Cup reached over 300 Million users this year.
     
    The #PlayGalaxy Cup was livestreamed on January 23, 2025 from 1:00 PM to 8:00 PM, on Samsung India’s YouTube channel and select Samsung exclusive stores across the country.
     
    “Samsung has always been at the forefront of bringing powerful devices that can handle demanding gameplay and with the latest Galaxy S25 Ultra, we’ve taken the entire experience a notch higher. The Galaxy S25 Ultra, with its blazing-fast performance, immersive 6.9-inch display, and super smooth 120Hz refresh rate, is built for gamers who demand the very best. We’ve worked closely with Qualcomm engineers to deliver a customized Snapdragon® 8 Elite chip that ensures exceptional speed and prevents overheating, even during intense gaming sessions like these. With edition 3 of the #PlayGalaxy, we’ve also expanded our reach to 300 million users, up from 150 million users in the previous edition,” said Aditya Babbar, Vice President, MX Business, Samsung India.
     
    The event witnessed a head-to-head participation of 12 teams, comprising 48 gamers, battling it out in Call of Duty Mobile for the coveted #PlayGalaxy Season 3.0 Cup. After an intense showdown across 4 matches, the team with the maximum points emerged victorious. The fierce and exhilarating competition culminated in “Pune AI Heroes” being crowned as the ultimate champions, taking home the glory and the title of Season 3.0 winners.
    #PlayGalaxy Cup 3.0 also featured India’s top gaming talent, including Total Gaming, Techno Gamerz, Carry Minati, Gamerfleet, Mythpat, Triggered Insaan, Kaashvi, Desi Gamer, Sourav Joshi, SlayyPoint and SMR Gaming, Jonty Gaming, Gareeboooo, Tomboy from the Samsung #PlayGalaxy community.
     
    List of winners:
     
    Position
    Team Name
    Team Captain
    Play Galaxy Tournament Winner
    Pune AI Heros
    Kaashvi
    Play Galaxy 1st Runner Up
    Jaipur AI Warriors
    GamerFleet
    Play Galaxy 2nd Runner Up
    Delhi AI Legends
    Techno Gamerz
    Galaxy S25 series is powered by the Snapdragon® 8 Elite for Galaxy. With unique customizations by Galaxy, this is the most powerful processor ever on Galaxy S series, delivering a performance boost of 40% in NPU, 37% in CPU and 30% in GPU compared to previous generation. This power fuels the Galaxy S25 series’ ability to process more AI experiences on-device without compromise, including previous cloud-based AI tasks such as Generative Edit.
     
    Samsung and Qualcomm Technologies worked together to customize the Snapdragon® 8 Elite for Galaxy. The Galaxy S25 series features advanced, efficient AI image processing with ProScaler11 to achieve a 40% improvement in display image scaling quality, while incorporating custom technology with Samsung’s mobile Digital Natural Image engine (mDNIe) embedded within the processor using Galaxy IP to enable greater display power efficiency.
     
    Snapdragon® 8 Elite for Galaxy is also equipped with Vulkan Engine and improved Ray Tracing, which makes for smoother and more realistic mobile gaming. All intense device usage and AI processing run smoothly thanks to changed heat dissipation structure with 40% larger vapor chamber and a tailored thermal interface material (TIM) that delivers extra improvement in thermal efficiency.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: Samsung Launches BESPOKE AI WindFree™ AC Range; Introduces 19 Models across Segments

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand today launched its 2025 lineup of BESPOKE AI WindFree Air conditioners, a fusion of cutting-edge AI technology and premium design. With a focus on intelligent cooling, energy efficiency, and connected living, the new range of 19 models cater to the evolving demands of Indian consumers. These air conditioners are thoughtfully engineered to deliver comfort, convenience, and innovation while tackling the challenges of India’s extreme summers.
     
    This range harnesses AI-driven innovations to adapt seamlessly to varying climate conditions, ensuring consistent comfort and maximum efficiency. The WindFree Cooling technology eliminates direct drafts, dispersing air gently through 23,000 micro holes, while the AI Fast & Comfort Cooling feature rapidly cools the space and intelligently transitions to energy-efficient settings for sustained comfort. Designed with modern lifestyles in mind, the range incorporates SmartThings connectivity, offering advanced features such as Map View for remote monitoring and Quick Remote for effortless control.
     
    Adding more convenience to the lives of the work from home generation, BESPOKE AI WindFree ACs also connect seamlessly with Samsung’s SmartThings app using Wi-Fi allowing you to change settings or switch it on/off using Bixby voice assistant, Alexa and Google Home. You can also optimize cooling with smart AI Auto Cooling and automatically cool the room even before you reach home with the geo-fencing based Welcome Cooling feature. Powered with the new ‘Good Sleep’ mode, these ACs promote pleasant sleep throughout the night by adjusting the temperature according to sleep stages.
     
    “We are excited to redefine the home cooling experience, while addressing the unique challenges of Indian summers with the 2025 Bespoke AI WindFree air conditioners. These Air Conditioners are a testament to Samsung’s commitment to innovation that enhances everyday living. By blending AI-driven cooling and energy efficiency, smart connectivity, and lifestyle-enhancing features, this range brings powerful AI tech innovation for the Indian consumer.,” said Ghufran Alam, Senior Director, Digital Appliances, Samsung India.
     
    Samsung has had a stellar year in the Indian air conditioner market, with robust sales and strong momentum heading into 2025. With the launch of its Bespoke AI WindFree lineup, the company is positioning itself to lead the AI-driven revolution in the AC sector. By integrating smart AI features that optimize energy use and enhance user experience, this new range is set to elevate Samsung’s presence in the market.
     
    AI-Driven Cooling and Energy Efficiency
    The Bespoke AI WindFree ACs leverage cutting-edge AI technology to redefine cooling efficiency. The AI Energy Mode intelligently adjusts the cooling settings to save up to 30% energy. This addresses the top key buying factor for consumers while buying an air conditioner – the demand for energy-efficient appliances without compromising on comfort.
     
    The AI Fast & Comfort Cooling feature ensures instant relief by rapidly reducing room temperature with maximum fan speed. Once the desired temperature is achieved, the system intelligently switches to WindFree Mode to maintain consistent cooling, ensuring a comfortable environment for activities like sleeping or entertaining guests.
     
    The AI Digital Inverter control ensures uninterrupted cooling even when outdoor temperatures reach a scorching 58°C, providing reliability during India’s extreme summers.
     
    Unparalleled Smart Features with SmartThings Integration
    The new lineup comes with Samsung’s SmartThings platform, redefining how users interact with air conditioners. Indian consumers, in a research showed high preference for convenient operations like simple remote control pop up function via a smart app.This AC comes with features like Quick Remote allow users to control their AC’s power, mode, temperature, and air volume from their smartphone. This eliminates the hassle of locating a physical remote and ensures convenience at one’s fingertips.
     
    The Map View feature offers a virtual 3D representation of the home, making it easy to monitor and control the AC remotely. Consumers can check vital metrics like room temperature, air quality, and energy consumption, ensuring a connected, smarter living experience. Compatibility with Bixby, Alexa, and Google Assistant enables voice control, making the interaction seamless and intuitive.
     
    Welcome Cooling further enhances convenience by automatically starting the AC as users near their home, providing a perfectly comfortable environment upon arrival.
     
    Dedicated WindFree Good Sleep Feature for Unmatched Rest
    The WindFree Good Sleep feature is specifically designed to optimize the bedroom climate during the night. By carefully regulating temperature and humidity, it prevents sudden fluctuations that could disturb sleep, ensuring a restful and uninterrupted slumber. This feature is perfect for Indian consumers seeking comfort and relaxation in their everyday lives.
     
    Enhanced Comfort and Hygiene
    Unlike conventional filters, the Copper Anti-bacterial Filter redefines convenience and efficiency in air conditioner maintenance. Positioned externally on the top, it allows for easy removal and cleaning without the need to open any covers or exert force.  Crafted from dense mesh, it effectively captures dust, ensuring the Heat Exchanger remains clean and operates efficiently. Additionally, the copper-infused yarn in the filter reduces certain airborne bacteria by up to 99%*, contributing to a cleaner and healthier indoor environment.
     
    Durability and Reliability
    Built to last, the Bespoke AI WindFree ACs come with a 5-year comprehensive warranty and a 10-year warranty on the AI Inverter compressor. The inclusion of Durafin Ultra coating protects the heat exchanger from corrosion, ensuring long-term performance and durability.
     
    Price and Availability
    Priced at INR 32990/- onwards, the new range of Bespoke AI air conditioners are available across all leading retail outlets and online platforms, including Flipkart, Amazon, and Samsung.com. Air Conditioners – Split AC | Samsung India***
     
    [1] Available for Room Air Conditioners, with Wi-Fi. Requires mobile phones above Galaxy S22, and wearable devices above Galaxy Watch7 series.
    Must download SmartThings/Wearable/Samsung Health apps available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required. Devices must be signed in with the same Samsung account.
     

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI United Kingdom: Coventry honours Holocaust Memorial Day and marks the 80th anniversary of the liberation of Auschwitz-Birkenau

    Source: City of Coventry

    The people of Coventry came together this week (27 January) to honour the annual Holocaust Memorial Day, which this year fell on the 80th anniversary of the liberation of Auschwitz-Birkenau.

    The event was held at the Belgrade Theatre, and a large audience heard from city leaders and guest speakers, as well as schoolchildren and students from the city. 
     
    Cllr Abdul Salam Khan, Deputy Leader of Coventry City Council, hosted the service, with speeches from Lord Mayor, Cllr Mal Mutton and Council Chief Executive, Julie Nugent.  
     
    The main speaker was Lesley Urbach, from Generation 2 Generation, a Holocaust education charity, who told the story of her mother Eva Urbach and aunt Ulli Adler, who escaped to Britain and Argentina in 1938 and 1939.  
     
    The talk focused on what happened to their parents left behind in Germany, who were murdered at Auschwitz. 
     
    There was also a performance by actors from Time Will Tell Theatre, who enacted first-hand accounts of the liberation of Bergen-Belsen, which will also mark its 80th anniversary this year. 
     
    The audience also heard music from Coventry Music Brass Quintet and Bluecoat School Choir, readings from students from the University of Warwick, and pupils from Cardinal Newman Catholic School talked about their personal experiences of conflict and the importance of learning about the Holocaust. 
     
    A candle was lit as the city remembered the victims of the Holocaust and other genocides including Cambodia, Rwanda, Bosnia, Darfur, Afghanistan and Syria. 

    This year’s theme was ‘For a Better Future’, and Cllr Khan told the audience: “It is something our city works for continually, both here at home, and around the world, and it is a call for action that we can all be a part of. 

    “There are many things we can do to create a better future. We can speak out and stand up for others and we can challenge prejudice. We can learn from our past and from the Holocaust, genocides, and wars, and we can tell our stories and remember those we have lost to hatred and prejudice – as we do today. 
     
    “If we can all leave here with the determination to take one action or change one thing, then together, we can make a difference and help to build that better future.” 
     

    To learn more about HMD, visit the website. 

    Published: Wednesday, 29th January 2025

    MIL OSI United Kingdom –

    January 29, 2025

  • MIL-OSI USA: Senator Murray Blasts Trump Admin for Illegally Blocking Funding for Communities, Comments on Latest OMB Update & Continued Chaos Nationwide

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Murray: “In a brazen and illegal move, the Trump administration is working to freeze huge chunks of federal funding passed into law—by Republicans and Democrats alike.  Now, not even 24 hours later, they are issuing new guidance trying to clean up the massive mess they have made, saying: ‘Wait, we don’t actually know what we are doing….’ but still leaving needless uncertainty about what actually is happening—and they are still—let me make that clear: still—withholding approved funding all across government.”

    ***VIDEO HERE***

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, joined Senate Democrats’ weekly press conference and discussed the Trump administration’s unprecedented and illegal directives to withhold vast chunks of federal funding that were signed into law by Republicans and Democrats alike. She also touched on the recent update the Trump administration sent on its orders, as well as Senate Democrats’ resolution condemning President Trump’s pardons for violent insurrectionists.

    Earlier today, Senator Murray joined colleagues in raising the alarm on the Office of Management and Budget (OMB) memo issued by the Trump administration last night directing agencies to withhold federal funding and creating mass chaos and confusion in the process.

    Last night, Senator Murray and House Appropriations Committee Ranking Member Rosa DeLauro sent a letter to Acting OMB Director Matthew J. Vaeth raising the alarm on President Trump’s unlawful executive orders and the new memoranda issued by OMB on Monday directing agencies to withhold vast swaths of approved federal funding.

    A fact sheet on the issue of the impoundment is available HERE.

    Senator Murray’s remarks, as delivered, are below:

    “Every one of us in this building owes a huge debt to our Capitol Police. Considering all they sacrifice to keep us safe, we should be able to say—with one voice—that if you violently assault a Capitol Police officer, you should not get a pardon. You should not get off scot free. I will have more to say later on the floor—but from Trump pardoning violent insurrectionists to issuing blatantly unconstitutional executive orders to lawlessly blocking bipartisan funding, we have a lot more ground to cover. And today I want to talk about the OMB guidance the Trump administration issued in the dead of night.

    “In a brazen and illegal move, the Trump administration is working to freeze huge chunks of federal funding passed into law—by Republicans and Democrats alike.

    “Now, not even 24 hours later, they are issuing new guidance trying to clean up the massive mess they have made, saying: ‘Wait, we don’t actually know what we are doing….’ But still leaving needless uncertainty about what actually is happening—and they are still—let me make that clear: still—withholding approved funding all across government.

    “Meanwhile, this chaos is already hurting people, causing confusion, and causing devastating delays. I mean where do we start here? There are a lot of urgent questions but precious few answers—and the answers keep changing.

    “What about grants for public safety? Grants for firefighters and for police departments, or that prevent violence against women—those aren’t direct to individuals—are they still halted?

    “Or health care? What about community health centers that millions rely on—including in rural areas?

    “Or money fighting the opioid crisis—grants that go to states, communities, and non-profits? Are they stopping funding for addiction treatment and prevention?

    “Or clinical studies. Scientists at the University of Washington and Washington State University are deeply alarmed—this is not theoretical; research projects will collapse and staff will be furloughed or laid off.

    “Tribes in my state are deeply alarmed that they will see severe cuts across health care, education, law enforcement, housing—practically every aspect of daily life on Indian land.

    “And of course, what about disaster relief that could be derailed? In Eastern Washington, in my home state, $44 million to help Spokane County rebuild after wildfires—money that was announced weeks ago—is that still on pause? Last week Trump visited communities in North Carolina and California still reeling from disaster; now he is throwing the aid those communities need into chaos.

    “Schools that need Title I payments are worried they may not get the funds that Congress has allocated and voted on.

    “Suddenly, we don’t know: How will Meals on Wheels feed seniors who depend on them? Or what this means for homeless veterans we are working to get housed?

    “Entire budgets and payrolls across the country are carefully hinging on these resources—we’re talking about small towns, cities, rural America, school districts, universities, and much more.

    “And look—saying, ‘just kidding’ not even 24 hours later—is not a solution.

    “You can’t pretend you had no idea it would cause chaos despite all the warnings. That is not believable, and even if it was true, it’s not a good reason for the damage caused.

    “Even despite what we’ve heard from the administration in the last hour or so, they are still illegally withholding funding owed to all of our states—that basic truth has not changed.

    “So I am urging my fellow Republicans to open your eyes to just how bad this is and will be for your states and your communities and speak out. I know reports say the White House is trying to silence members who have done that—but stand up. We are talking about your constituents.

    “And specifically, I am urging my Republican colleagues on the Senate Budget Committee to vote against Russ Vought’s nomination. Republicans should not advance this nomination out of committee until the Trump administration follows the law. 

    “And I am warning the Trump Administration—the law is the law. You need to reverse course, follow the requirements of the law, ensure the nation’s spending laws are implemented as Congress intended, and avoid this pointless, damaging chaos.”

    MIL OSI USA News –

    January 29, 2025

  • MIL-OSI Economics: Record investments in foreign securities

    Source: Danmarks Nationalbank

    Denmark and abroad

    29 January 2025Statistics period: December 2024

    Danish investors made record purchases of foreign securities totaling kr. 321 billion in 2024. The interest was particularly directed towards foreign shares, but also towards bonds and investment funds. About half of the purchased shares were American, while the rest were mainly European and Japanese. For the bonds, approximately two-thirds of the purchases were German and Swedish government bonds. There were also significant price gains, which, along with the purchases, meant that Danish investors’ foreign securities increased by a total of 847 billion DKK to 5,355 billion DKK by the end of 2024. This was especially due to price increases in American listed shares. These shares now account for 1,456 billion DKK or more than a quarter of all Danish investors’ foreign securities.

    Danish investors purchased foreign securities for kr. 321 billion in 2024

    Note:

    Note: Total purchases of foreign securities for Danish investors (financial and non-financial companies, households, as well as general government). Data for portfolio investments, where the investor, unlike direct investments, does not have a significant influence on the decisions of the corporation in which they have invested.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: $500 Million ADB Loan to Bolster Philippines’ Disaster Resilience

    Source: Asia Development Bank

    MANILA, PHILIPPINES (29 January 2025) — The Asian Development Bank (ADB) has approved a $500 million policy-based loan to provide the Philippines with quick access to financing in case of disasters triggered by natural hazards or health-related emergencies. The financing will support reforms to raise resilience and enable timely response and recovery efforts, thus minimizing the impact of disasters on the economy and Filipinos’ lives and livelihoods.

    The Second Disaster Resilience Improvement Program is a multiyear contingent disaster financing program with an option to replenish the facility twice, upon approval by the ADB Board. Loan renewals are allowed if there will be unutilized amounts after the initial 5-year period.

    “The Philippines is one of the fastest growing economies in Southeast Asia but is at high risk for earthquakes, volcanic eruptions, typhoons, rising sea levels, and flooding,” said ADB Country Director for the Philippines Pavit Ramachandran. “With this program, we aim to help boost the country’s capacity for disaster risk reduction and management (DRRM) nationally and locally, including state-owned and controlled corporations; strengthen DRRM policies and frameworks; and attain long-term resilience to lessen the impact of disasters, especially to the most vulnerable sectors.”

    The Philippines ranked as  the highest in disaster risk out of 193 economies in 2024, according to the World Risk Report 2024. At least 60% of its total land area is exposed to multiple hazards, with nearly three-fourths of its entire population susceptible to the impact of these hazards. The country experiences at least 20 typhoons and an average of up to 150 earthquakes of at least magnitude 4 every year.

    The new program seeks to harmonize DRRM planning processes at the national, provincial, and city levels and integrate DRRM in national public financial management (PFM) reforms as prescribed in the PFM roadmap developed with ADB’s support. It also seeks to incorporate gender equity, disability, and social inclusion in DRRM plans; enhance the service delivery of state-owned or controlled corporations for disaster response; and provide additional sources of risk financing, including a voluntary city parametric disaster insurance scheme that offers faster payouts for damages from earthquakes, typhoons, and other disasters.

    The program forms a central part of ADB’s support to the Philippines to build disaster resilience. It builds on the reforms achieved under the first Disaster Resilience Improvement Program. It also leverages past ADB assistance on climate and disaster resilience, such as the support for the Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) program, which addressed the post-disaster needs of local communities. 

    The program complements ADB’s Integrated Flood Resilience and Adaptation Project (Phase 1), which is helping prepare and implement DRRM plans to reduce selected LGUs’ disaster vulnerabilities. Finally, it builds on the Climate Change Action Plan Subprograms 1 and 2, which support the implementation of national climate policies and the scale-up of climate adaptation and mitigation efforts at the national and local levels.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region. 

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Asia-Pac: CS inspects Lo Wu Control Point

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki paid a visit to the Lo Wu Control Point this morning to learn about the various arrangements and operations of relevant departments to cope with the increase in inbound and outbound passenger traffic during the Lunar New Year period.

    Mr Chan also expressed wishes for the country to thrive vigorously, for Hong Kong to have harmony and prosperity, and every success to the community.

    During his visit to the control point, the Chief Secretary extended his New Year greetings to the staff on duty and expressed his gratitude to them for performing their duties with dedication during the holidays.

    Along the way, he took the opportunity to extend Lunar New Year greetings to citizens and travellers.

    Accompanied by Secretary for Security Tang Ping-keung, Director of Immigration Benson Kwok and Commissioner of Customs & Excise Chan Tsz-tat, Mr Chan met the frontline staff of the Immigration Department, Customs and Police on duty at the control point.

    He learnt about the arrangements and operation conditions for customs clearance, diverting passenger movements, public order maintenance, etc at the control point during the Lunar New Year period.

    Mr Chan was pleased to note that the relevant government departments have been in close co-ordination and liaison with stakeholders of transport, tourism and other sectors for making good preparations for receiving visitors during the Chinese New Year Golden Week of the Mainland, and ensuring the orderly operation of boundary control points.

    The Chief Secretary also encouraged visitors arriving in Hong Kong to stay overnight during the Lunar New Year holidays to fully enjoy the rich and diverse celebratory activities to be held across various districts and experience Hong Kong’s unique city charm.

    At the same time, he instructed relevant departments to collaborate with various stakeholders, including public transport operators, to strengthen information dissemination, including the situation at various boundary control points, details of celebration events and transport arrangements.

    MIL OSI Asia Pacific News –

    January 29, 2025

  • MIL-OSI Banking: Global resale apparel market soars 17.6% to $204.7 billion in 2024, reveals GlobalData

    Source: GlobalData

    Global resale apparel market soars 17.6% to $204.7 billion in 2024, reveals GlobalData

    Posted in Retail

    The global resale apparel market experienced its fourth consecutive year of double-digit growth in 2024, driven by continued appetite for preloved fashion. The market witnessed a growth of 17.6% to reach $204.7 billion last year, outperforming the traditional apparel market, which only grew a meager 0.1%, reveals GlobalData, a leading data and analytics company.

    According to GlobalData forecasts, the resale apparel market is set to continue experiencing strong growth, rising by 13.3% in 2025, with a compound annual growth rate (CAGR) of 11.4% expected between 2023 and 2028.

    Alice Price, Apparel Analyst at GlobalData, comments: “The resale apparel market has been benefitting from consumers seeking more affordable fashion, especially in regions like North America and Europe, where shoppers are facing greater economic uncertainty. This is coupled with rising environmental awareness, as consumers become more conscious of the amount of fashion ending up in landfills, as well as the continued investments online platforms such as Vinted, Depop, and eBay are making to enhance and expand their propositions.”

    Asia Pacific and the Middle East and Africa are the two regions expected to see the strongest growth in the forecast years, rising at CAGRs of 14.1% and 11.6% between 2023 and 2028, respectively, as the stigma associated with purchasing secondhand goods lessens and awareness of fashion’s impact on the planet spreads. Luxury resale is especially gaining popularity, with consumers in these regions having a particular penchant for designer goods.

    Meanwhile, the Americas and Europe are anticipated to experience the weakest growth, with these regions already having well established resale markets, and Latin America and Eastern Europe’s lower online penetrations restricting platform development.

    Price concludes: “Across all these markets combined, footwear is forecast to experience the strongest growth between 2023 and 2028, with a CAGR of 13.8%, and its share of the market rising 1.3ppts to 13.2%. This is driven by the popularity of resale trainers, especially limited edition and rare styles, which can gain value over time.

    “Accessories is also expected to see its share rise marginally, by 0.1ppt to 9.9%, with a forecast CAGR of 11.6%, as secondhand designer items like handbags become increasingly desirable to aspirational shoppers priced out of the traditional luxury market. Though clothing will continue to account for the majority of resale apparel sales, it is anticipated to experience the slowest CAGR in the forecast years of 11.0%. Its share will also contract 1.5ppts to 76.9%, as the other categories become more established.”

    MIL OSI Global Banks –

    January 29, 2025

  • MIL-OSI: Riber: 2024 business growth in line with guidance 

    Source: GlobeNewswire (MIL-OSI)

    2024 business growth in line with guidance 

    Revenues up +5% to €41.2m
    Order book at end-2024: €21.7m

    Bezons (France), January 29, 2025 – 8:00 am (CET) – RIBER, a global market leader for MBE equipment serving the semiconductor industry, is reporting its full-year revenues for 2024.

    Change in revenues

    €m 2024 2023 Change
    First quarter 4.5 3.7 +20%
    Second quarter 9.3 8.5 +10%
    Third quarter 4.7 4.0 +19%
    Fourth quarter 22.7 23.1 -2%
    Full year 41.2 39.2 +5%
           
    €m 2024 2023 Change
    Systems 31.0 29.0 +7%
    Services and accessories 10.2 10.3 -1%
    Full year 41.2 39.2 +5%

    2024 full-year revenues amounted to €41.2m, up 5% from 2023. This performance is fully aligned with the announced ambitions. In the fourth quarter of 2024, business remained strong, with revenues remaining steady despite a high basis of comparison with the fourth quarter of 2023.

    This commercial dynamism demonstrates the strengthening of RIBER’s positions in the MBE market for both research and industrial production.

    MBE systems revenues reached €31.0m, up 7%. A total of 12 systems were delivered over the year, compared with 13 in 2023.

    Revenues for services and accessories came to €10.2m, virtually unchanged from 2023.

    The geographical breakdown of revenues for 2024 full-year was as follows: Asia 57.3%, Europe 35.7%, and North America 7.1%.

    Order book developments

    At December 31 (€m) 2024 2023 Change
    Systems 16,7 20.2 -17%1
    Services and accessories 5,0 6.1 -18%
    Full year 21,7 26.3 -17%

    At December 31, 2024, the consolidated order book remained at a solid level of €21.7m, reflecting the sustained deliveries at the end of the year.

    The order book for MBE systems came to €16.7m with a total of 7 systems, including 5 production machines. It increases after factoring in the two orders announced in January 2025 for a production system in Europe and a research system in the USA, both scheduled for delivery in 2025.

    Orders for services and accessories amounted to €5.0m.

    Outlook

    Given its solid revenue growth, RIBER reaffirms its objective of achieving further earnings growth in 2024.

    In an environment marked by accelerating technological innovation and growing demand for advanced semiconductor materials, RIBER is pursuing its ambitious growth strategy based on enhancing its technological leadership and expanding its markets through the integration of the silicon photonics sector and the development of high value-added solutions for quantum materials.

    For 2025, given the composition of the order book at December 31, 2024, and the outlook for orders to be delivered this year, RIBER is forecasting further growth in revenues compared with 2024.

    Next date: RIBER will announce its 2024 full-year earnings on April 9, 2025 (before start of trading).

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry, and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels.
    Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductor systems that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing.

    RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER : Annie Geoffroy| tel: +33 (0)1 39 96 65 00 | invest@riber.com
    CALYPTUS : Cyril Combe | tel: +33 (0)1 53 65 68 68 | cyril.combe@calyptus.net

    1 Increasing when factoring in the two orders recorded in January 2025.

    Attachment

    • 2025 01 29 RIBER_CA2024_E

    The MIL Network –

    January 29, 2025

  • MIL-OSI Economics: Asian Development Bank and the United States: Fact Sheet

    Source: Asia Development Bank

    Updated yearly, this ADB Fact Sheet provides information on the United States’ contributions to ADB in terms of capital subscription and funding, the country’s delegates to ADB, and the involvement of American companies and consultants in ADB projects.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI: ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024

    Source: GlobeNewswire (MIL-OSI)

    ASML reports €28.3 billion total net sales and €7.6 billion net income in 2024
    2025 total net sales expected to be between €30 billion and €35 billion

    VELDHOVEN, the Netherlands, January 29, 2025 – Today, ASML Holding NV (ASML) has published its 2024 fourth-quarter and full-year results.  

    • Q4 total net sales of €9.3 billion, gross margin of 51.7%, net income of €2.7 billion
    • Quarterly net bookings in Q4 of €7.1 billion2 of which €3.0 billion is EUV
    • 2024 total net sales of €28.3 billion, gross margin of 51.3%, net income of €7.6 billion
    • ASML expects Q1 2025 total net sales between €7.5 billion and €8.0 billion, and a gross margin between 52% and 53%
    • ASML expects 2025 total net sales to be between €30 billion and €35 billion, with a gross margin between 51% and 53%
    (Figures in millions of euros unless otherwise indicated) Q3 2024   Q4 2024   FY 2023   FY 2024  
    Total net sales 7,467   9,263   27,559   28,263  
    …of which Installed Base Management sales1 1,541   2,147   5,620   6,494  
                     
    New lithography systems sold (units) 106   119   421   380  
    Used lithography systems sold (units) 10   13   28   38  
                     
    Net bookings2 2,633   7,088   20,040 3 18,899 3
                     
    Gross profit 3,793   4,790   14,136   14,492  
    Gross margin (%) 50.8   51.7   51.3   51.3  
                     
    Net income 2,077   2,693   7,839   7,572  
    EPS (basic; in euros) 5.28   6.85   19.91   19.25  
                     
    End-quarter cash and cash equivalents and short-term investments 4,985   12,741   7,010   12,741  

    (1) Installed Base Management sales equals our net service and field option sales.
    (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
    (3) The sum of quarterly net bookings over the full year.

    Numbers have been rounded for readers’ convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.

    CEO statement and outlook
    “Our fourth-quarter was a record in terms of revenue, with total net sales coming in at €9.3 billion, and a gross margin of 51.7%, both above our guidance. This was primarily driven by additional upgrades. We also recognized revenue on two High NA EUV systems. We shipped a third High NA EUV system to a customer in the fourth quarter.

    “ASML achieved another record year, ending with total net sales for 2024 of €28.3 billion, and a gross margin of 51.3%.

    “We expect first-quarter total net sales between €7.5 billion and €8.0 billion, with a gross margin between 52% and 53%. ASML expects R&D costs of around €1,140 million and SG&A costs of around €290 million. As we communicated last October, we expect total net sales for the year between €30 billion and €35 billion, with a gross margin between 51% and 53%.

    “Consistent with our view from the last quarter, the growth in artificial intelligence is the key driver for growth in our industry. It has created a shift in the market dynamics that is not benefiting all of our customers equally, which creates both opportunities and risks as reflected in our 2025 revenue range,” said ASML President and Chief Executive Officer Christophe Fouquet.

      
    Update dividend and share buyback program
    ASML intends to declare a total dividend for the year 2024 of €6.40 per ordinary share, which is a 4.9% increase compared to 2023. An interim dividend of €1.52 per ordinary share will be made payable on February 19, 2025. Recognizing this interim dividend and the two interim dividends of €1.52 per ordinary share paid in 2024, this leads to a final dividend proposal to the General Meeting of €1.84 per ordinary share.

    In the fourth quarter, we did not purchase any shares under the current 2022-2025 share buyback program.

    Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML’s website (www.asml.com/investors).

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 6 1524 9925
    Sarah de Crescenzo +1 925 899 8985 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771

    Quarterly video interview, annual press conference and investor call
    With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2024 fourth-quarter and full-year results and outlook for 2025. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.

    CEO Christophe Fouquet and CFO Roger Dassen will host a press conference in Veldhoven on January 29, 2025, at 11:00 Central European Time, which will also be accessible via a live webcast on www.asml.com.

    An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on January 29, 2025 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    US GAAP and IFRS Financial Reporting
    ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly Summary US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets are available on www.asml.com.

    The consolidated balance sheets of ASML Holding N.V. as of December 31, 2024, the related consolidated statements of operations and consolidated statements of cash flows for the quarter and twelve months ended December 31, 2024 as presented in this press release are unaudited.

    In addition to reporting financial figures in accordance with US GAAP, ASML also reports financial figures in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS’) for statutory purposes. The most significant recurring differences between US GAAP and IFRS that affect ASML concerns the capitalization of certain product development costs and accounting for income taxes.

    2024 Annual Reports
    ASML will publish its 2024 Annual Report based on US GAAP and its 2024 Annual Report based on IFRS on March 5, 2025. Both reports will include sustainability statements in accordance with the Corporate Sustainability Reporting Directive. The reports and introductory video with CFO Roger Dassen will be published on our website, www.asml.com.

    Regulated information
    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Forward Looking Statements
    This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected growth in the semiconductor industry by 2030, our expectation that AI will be the key driver for the industry and the expected impact of AI demand on our business, our expectation that lithography will remain at the heart of customer innovation, expected demand, bookings, backlog, outlook of market segments, outlook and expected financial results including expected results for Q1 2025, including net sales, Installed Base Management sales, gross margin, R&D costs, SG&A costs, outlook for full year 2025, including expected full year 2025 total net sales, gross margin and estimated annualized effective tax rate, statements made at our 2024 Investor Day, including revenue and gross margin opportunity for 2030, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, including the amount of shares that may be repurchased thereunder and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans and other non- historical statements. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward- looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, uncertainty around a market recovery including the timing thereof, the ultimate impact of AI on our industry and business, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2023 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

    Attachments

    • Link to press release
    • Link to consolidated financial statements

    The MIL Network –

    January 29, 2025

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on January 29, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 1,75,000
    Total amount of bids received (in ₹ crore) 1,66,833
    Amount allotted (in ₹ crore) 1,66,833
    Cut off Rate (%) 6.51
    Weighted Average Rate (%) 6.51
    Partial Allotment Percentage of bids received at cut off rate (%) N.A.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2027

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: Development Asia: From Guesswork to Precision: Enhancing Agricultural Mapping with Geospatial Tech

    Source: Asia Development Bank

    The growing accessibility of geospatial technologies is reshaping how agricultural statistics are gathered, processed, and disseminated. Advanced technologies like remote sensing using satellite imagery, GPS, and unmanned aerial vehicles (UAVs) offer the potential for more efficient methods to monitor changes in agriculture with greater precision and frequency.

    When considering the most suitable method for GPS land measurement, several critical factors—such as the size, shape, and terrain of the parcel—must be considered, along with available resources.

    Walking method: The common method involves an enumerator, usually guided by the farmer, physically walking the perimeter of a parcel while carrying a GPS device, which automatically tracks and calculates the area. This approach reduces the need for multiple pieces of surveying equipment and extensive training for field staff. Furthermore, the time required for measurement is limited to the duration of walking the parcel’s perimeter, significantly streamlining the overall process. It is recommended when the highest positional accuracy and measurement precision are required.

    Moreover, GPS measurement methods integrated into tablets can be advantageous in certain cases, particularly due to their convenience and potential integration with other data collection tools.

    The walking method, whether using a dedicated handheld GPS device or an on-tablet GPS sensor, is particularly effective for smaller parcels with complex shapes and easily navigable terrain. It allows for precise boundary capture but can be time-consuming for larger parcels, potentially taking up to one hour for areas exceeding 10,000 m².

    Digitization method: Conversely, the digitization method is more suitable for large, monocropped areas. This method involves the farmer tracing the boundary of their parcel directly over a satellite image, negating the need for the farmer and enumerator to walk the boundary physically. Key to the success of this approach is the ability of the farmer to accurately recognize their land from an aerial perspective and the assumption that the satellite imagery is up-to-date and reflects the current agricultural season.

    Parcel corner GPS: The parcel corner GPS method involves an enumerator identifying and marking only the corners of the parcel using the Survey Solutions geometry multi-point question type to speed up the data input process. The goal is to capture the essential boundaries of the parcel more easily. The key challenge in using this method is the difficulty in accurately identifying corner points, particularly in irregularly shaped parcels. Significant inaccuracies in area measurement may also occur if enumerators are not properly trained and well-versed in using the field instruments.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: Panasonic Newly Unveiled KAIROS New Version: Control Up to Two Kairos Core by One Panel and Supports various resolutions such as 16:10

    Source: Panasonic

    Headline: Panasonic Newly Unveiled KAIROS New Version: Control Up to Two Kairos Core by One Panel and Supports various resolutions such as 16:10

    Osaka, Japan – January 29, 2025 – Panasonic Entertainment & Communication today announced the release of the new software “Version 1.8” will be available in February 2025.
    With version 1.8, which includes new Multiple Core Control features, integration with graphics platforms Singular.live and Viz Flowics, and support for more diverse resolutions such as 16:10 and 5:4, KAIROS is a great addition to the game for large live events and broadcasters. We offer video production systems with a high degree of freedom and ease of use for customers who require high quality, rich video production across multiple locations.
    The new version allows up to two Kairos Core mainframes to be connected to a single Kairos Control Panel. This allows more video sources to be handled and improves the efficiency of the KAIROS operation at large events. Previously, it was possible to register up to eight Control Panels from the Kairos Core side, but since the Control Panel can only be registered to one specific Kairos Core, a corresponding number of Control Panels were required to operate multiple Kairos Cores. Using this feature, for one panel can be divided into an upper and lower sections, for example, and each Core can be assigned to each section. In addition, two Kairos Core units can also be configured from Kairos Creator.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Asia-Pac: CS celebrates Chinese New Year with community (with photos)

    Source: Hong Kong Government special administrative region

    CS celebrates Chinese New Year with community (with photos)
    CS celebrates Chinese New Year with community (with photos)
    ***********************************************************

         The Chief Secretary for Administration, Mr Chan Kwok-ki, today (January 29), on the Chinese New Year’s Day, wishes the country to thrive vigorously, for Hong Kong to have harmony and prosperity, and every success to the community. He paid a visit to the Lo Wu Control Point this morning to learn about the various arrangements and operations of relevant departments to cope with the increase in inbound and outbound passenger traffic during the Chinese New Year period. During the visit, he extended his New Year greetings to the staff on duty, and expressed his gratitude to them for performing their duties with dedication during the holidays. Along the way, he took the opportunity to extend his Chinese New Year greetings to the citizens and travellers he met.           Accompanied by the Secretary for Security, Mr Tang Ping-keung; the Director of Immigration, Mr Benson Kwok; and the Commissioner of Customs and Excise, Mr Chan Tsz-tat, Mr Chan inspected the Lo Wu Control Point and met the frontline staff of the Immigration Department (ImmD), the Customs and Excise Department (C&ED) and the Hong Kong Police Force on duty. He learned about the arrangements and operation conditions for customs clearance, diverting passenger movements, public order maintenance, etc at the control point during the Chinese New Year period.            Mr Chan was pleased to note that the relevant government departments have been in close co-ordination and liaison with stakeholders of transport, tourism and other sectors for making good preparation for receiving visitors during the Chinese New Year Golden Week of the Mainland, and ensuring the orderly operation of boundary control points. Relevant departments have minimised leave for frontline officers during the Chinese New Year period, to enable flexible deployment of manpower, and operation of additional counters and channels with a view to diverting passenger and vehicular flow. The Inter-departmental Joint Command Centre set up by the Police, the ImmD, the C&ED, and other relevant departments; and the Emergency Transport Co-ordination Centre of the Transport Department will both operate 24 hours a dayduring the Golden Week, to closely monitor the situation of various control points and traffic conditions, and take prompt measures to ensure the smooth operation of various aspects in receiving visitors. Mr Chan expressed his heartfelt gratitude to colleagues of the Government and practitioners of various industries for their hard work during the Chinese New Year period.           Mr Chan also appealed to visitors arriving in Hong Kong during the Chinese New Year holidays to plan ahead for their itineraries. He encouraged them to stay overnight after participating in various local celebratory activities for the Chinese New Year and to make reference to the ultimate guide to Chinese New Year in Hong Kong launched by the Hong Kong Tourism Board to fully enjoy the rich and diverse celebratory activities to be held across various districts in the city and experience Hong Kong’s unique city charm. At the same time, he instructed relevant departments to collaborate with various stakeholders, including public transport operators, to strengthen information dissemination including the situation at various boundary control points, details of celebration events and transport arrangements to enable residents and visitors to plan their itineraries according to the latest situation.           On January 27, Mr Chan participated in year-end caring visits in 18 districts co-ordinated by the Home Affairs Department. He visited elderly singleton and elderly doubleton grassroots families living in Po Lam Estate, Tseung Kwan O, and distributed blessing bags to them to express the Government’s heartfelt wishes. He engaged in warm exchanges with the residents to let them feel the care and support of the community. He also attended the Yau Tsim Mong Presents – The Year of The Snake: Countdown Celebration at the Yau Ma Tei Community Centre Rest Garden yesterday (January 28) to share with the public the joys and blessings of the festive season and welcome the Year of the Snake. 

     
    Ends/Wednesday, January 29, 2025Issued at HKT 12:15

    NNNN

    MIL OSI Asia Pacific News –

    January 29, 2025

  • MIL-OSI Economics: Panasonic Leaps “Well into the future” with AI and Data-Driven Innovations at CES 2025 Exhibition Space

    Source: Panasonic

    Headline: Panasonic Leaps “Well into the future” with AI and Data-Driven Innovations at CES 2025 Exhibition Space

    Marking a 58th consecutive year as an exhibitor at one of the world’s most influential consumer electronics events, Panasonic Group was on hand at CES 2025 (January 7–10 in Las Vegas, Nevada, U.S.A.) to engage with audiences about its strategic shift toward AI and data-driven businesses. This year’s CES was host to more than 141,000 visitors and 4,500 exhibitors from more than 150 countries and regions, but not everyone had the opportunity to attend. If you missed out, here are some key highlights from the Panasonic Group exhibition space. 

    Theme Signals Strategic Shift toward AI, Data-Driven Solutions

    The theme for Panasonic Group’s exhibition space was “Well into the future.” Announced by Panasonic Holdings Corporation Co., Ltd. (Panasonic HD) Group CEO Yuki Kusumi during his opening keynote, this year’s theme signified the organization’s strategic shift toward AI and data-driven businesses in pursuit of an ideal society with affluence both in matter and mind.
    “Well into the future” embodies the idea that, through innovations and a commitment to addressing social issues, Panasonic will lead the development of cutting-edge solutions to help achieve its core mission to inspire a healthy society and enrich the lives of people around the world. 
    “This year’s theme is a reference to Panasonic founder Konosuke Matsushita’s vision of contributing to the well-being of people and the progress of society,” said Mike King, Director, Brand Marketing & Creative Services, Marketing & Communications, Panasonic Operational Excellence of North America. “And you can see that theme throughout the exhibit—with technologies that support the well-being of individuals, of families and all of society, with our focus on green energy transformation and decarbonization, but also the use of AI-powered solutions to help families to experience greater connection, connectivity, comfort, and well-being.”

    [embedded content]

    Located in Las Vegas Convention Center (LVCC)’s Central Hall, the exhibition space was an enclosed environment divided into four areas: Panasonic Go, Home, Carbon Neutral, and Circular Economy. The design was a departure from the open layouts of previous years, allowing visitors to experience the complete Panasonic story—from its history and vision for the future to technologies they can use today and solutions that will contribute to a sustainable tomorrow.

    Growth Initiative Links Past and Future under “Panasonic Go”

    Panasonic Go is a global corporate growth initiative that will drive transformation through AI-powered, software-led investments across Panasonic Group and create new experiences for customers and partners.
    This area of the exhibition space welcomed visitors with a look back over the storied history of the Panasonic Group, illustrating historical milestones and introducing home appliances that have enriched lives since the company’s founding in 1918. Moving further into the exhibition space, a video explained Matsushita’s ambitious 10-stage, 250-year plan to contribute to solving social issues and improving people’s lives through technology and the role that Panasonic Go will play in driving the transformation to an AI-powered business model towards the plan’s fifth stage (2032–2056).
    * The name Panasonic Go was also inspired by the Japanese word for “five”
    Panasonic Group products have already changed the lives of more than one billion people. Looking ahead, the Group will leverage AI and data platforms—from Blue Yonder’s supply chain management solutions to Panasonic Well’s family wellness platform—to make new contributions for current and future generations.  
    Speaking of wellness, the final section of the Panasonic Go area gave visitors a chance to get a sneak peek of Umi, a new consumer offering from the Panasonic Well portfolio that will be available in the United States market in 2025. Umi is an innovative digital wellness platform and personalized family wellness coach that uses AI and a community of experts to help people build healthy habits and routines. Umi will be the first Panasonic Well consumer brand to use Claude, Anthropic’s AI assistant known for its reasoning capabilities, deep understanding of complex topics, and ability to engage in natural conversations. Claude excels at analyzing data, writing and editing content, and helping solve complex problems—all while maintaining the highest standards of safety and security.

    Carbon Neutral & Circular Economy Exhibits Highlight Sustainability Efforts

    Panasonic HD took the stage at CES 2022 to announce its long-term environmental vision, Panasonic GREEN IMPACT (PGI), and since then the Group has been engaged in a variety of activities to expand its impact toward achieving carbon neutrality and a circular economy. These areas in the exhibition space, Carbon Neutral and Circular Economy, introduced solutions and technologies that will be contributing to achieving the goals established under PGI.

    Visitors also had the opportunity to learn more about how the Panasonic Group is tackling Carbon Neutral challenges and promoting Circular Economy initiatives in its products and solutions as it advances toward the broader goal of contributing to realizing sustainable lifestyles and society. 
    The Carbon Neutral display was organized into three main technologies/approaches: “Updating,” “Electrifying,” and “Harnessing.”
    “Updating” means replacing existing methods with low environmental impact alternatives to reduce energy consumption and greenhouse gas emissions. Hussmann display cases for refrigerated and frozen goods use natural refrigerant R290 to greatly reduce environmental impact compared to traditional CFC refrigerant alternatives currently in use.
    “Electrifying” represents the transition from fossil fuels to electric power and making the most of renewable energy. Panasonic Group is a leader in automotive battery cells, having delivered more than 15 billion units to date—enough to power three million EVs worldwide. Visitors were able to check out the Panasonic 2170 cell, which features the world’s highest energy density, as well as the new Panasonic 4680 cell, which has a capacity around five times greater than the 2170 cell. The company’s efforts with Redwood Materials, Inc. and Nouveau Monde Graphite, Inc. to reduce its carbon footprint and achieve a sustainable society were also available for visitors to explore. Finally, they could learn more about Panasonic HX, an advanced energy management system that coordinates pure hydrogen fuel cells, solar cells, and storage batteries to efficiently supply renewable energy in response to changes in electricity demand and weather conditions.
    “Harnessing” is an approach that uses natural resources to produce cleaner resources, leading to CO2 reduction and absorption. One technology aiding the approach is the anion exchange membrane water electrolysis, a device enabling highly efficient and low-cost green hydrogen production. A fully developed anion exchange membrane (AEM) electrode made of iron and nickel was on display in the area. Visitors could also see a life-size mockup of window-mounted perovskite solar cells which demonstrated the transparency and design flexibility of this unique power-generating technology. Also on display was the growth stimulant Novitek®, a technology that uses ambient CO2 in combination with cyanobacteria, a type of photosynthetic microorganism, to increase food productivity.

    The Panasonic Group is committed to the Circular Economy under the three principles of “Maximizing,” “Minimizing,” and “Partnering.” In this area, the Group introduced its efforts to efficiently use resources and reduce consumption of the Earth’s limited natural resources.
    Extending the effective use period while maintaining and improving the value of resources across a product’s lifecycle is known as “Maximizing.” Panasonic displayed a concept model based on the principle of Design for Circular Economy (DfCE); DfCE products are easy to assemble/disassemble (ease of repair), have fewer connectors/fasteners (ease of assembly), and can be grouped for reuse and recycling (ease of recycling).
    “Minimizing” means using fewer new materials and more recycled and renewable materials. For example, approximately 45 percent of the plastic used in the Technics EAH-AZ80 earphones and charging case is made of plant-derived DURABIO , while the Lamdash Palm In ES-PV6A shaver uses NAGORI®, an innovative composite material derived from minerals extracted from seawater, reducing plastic use by approximately 40%1. A second exhibit showcased lighting that incorporates kinari , a sustainable material composed primarily of plant fibers that offers the moldability of conventional petroleum-based resins.
    Designing products and systems for a circular economy is a challenge that Panasonic Group cannot tackle alone, so it emphasizes “Partnering” with customers and partners promote a new style of recycling-oriented management, information sharing, and product use. One outcome of these collaborative efforts is Tracephere , a traceability solution for product recycling and recycled resource processes based on blockchain technology.

    OASYS and Home Appliances Supporting People’s Health, Comfort, and Safety

    The center of the space introduced the Group’s next generation of residential solutions for comfortable, healthy, economical, sustainable, and secure living. Grabbing center stage was the new OASYS solution—a residential central air conditioning system being introduced in the U.S. market that uses a combination of existing products to heat, cool, and ventilate the home while reducing energy consumption by over 50% compared to conventional systems in the U.S.2 In addition to maximizing air volume while minimizing temperature differences and noise, OASYS paves the way for homes powered by 100 percent renewable energy based on high-efficiency water heaters and a lifestyle-adaptive home energy management system.
    Complementing OASYS were displays for home appliances that enrich people’s lives. These included the Technics EAH-AZ100 true wireless earbuds, the Panasonic TV lineup, SoundSlayer Wireless Wearable Gaming Speaker System SC-GNW10, CV88QS multi-oven, LUMIX Full Frame and Micro Four Thirds cameras and lenses, ARC5 PALM-sized 5-Blade Electric Luxury Razor, Panasonic MultiShape, and nanoe hair dryers.

    New Technologies Strengthen Commitment to a Better Tomorrow

    “Our hope is that people will understand that Panasonic’s commitment has not changed in over 100 years—it has always been about making people’s lives better and making the world a better place. The only difference is that today we are doing it with new technologies like AI and software,” said King. “From the individual to all of society, our hope is that people understand our commitment to helping people live healthier, happier lives.”
    King continued: “We hope that people were surprised and excited about some of the new technologies that Panasonic is introducing. A lot of people are concerned about the environment, and we remain committed to sustainability, to green energy transformation, and to new initiatives that will be important for the health of the planet overall.” 

    [embedded content]

    1: Compared to Lamdash PRO 5-blade ES-LV9W released in 2023
    2: Conventional home air conditioning system using a heat pump cooling system (14.2 SEER2) and gas furnace (80% AFUE) compliant with IECC 2015; OASYS system using Panasonic Mini Split AC and transfer fans for both cooling and heating functions in houses compliant with OASYS-required specifications. (Estimate based on the conversion of gas energy consumption to electricity)

    Related Articles

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: Panasonic AV-HSW10 Compact Live Switcher’s Firmware Release to Add NDI(R) High Bandwidth Mode

    Source: Panasonic

    Headline: Panasonic AV-HSW10 Compact Live Switcher’s Firmware Release to Add NDI(R) High Bandwidth Mode

    Osaka, Japan – January 29, 2025 – Panasonic Entertainment & Communication today announced an upcoming new firmware, V3.0 for its AV-HSW10 compact live switcher, which will add new features such as NDI® High Bandwidth capability for more flexible operation to meet the needs of a wider range of production sites and systems, scheduled for release in January 2025. Also, a new firmware, V1.7 for the Panasonic AV-UHS500 live switcher will be released simultaneously. Both updates will enable Panasonic’s live switchers to offer increased flexibility in response to the growing demand for video production and distribution in live entertainment, seminars, events, and more.
    Note: For the latest information on firmware availability, please refer to the website shown below.

    ●AV-HSW10 Firmware Upgrade

    1. New NDI® High Bandwidth mode (NDI HB mode) for enhanced I/O flexibility

    In addition to Normal mode, which combines various IP inputs and outputs, the new firmware will add NDI® High Bandwidth mode.*1 This mode will provide four respective inputs, doubling existing capacity, and one output. When combined with Panasonic’s NDI®certified PTZ cameras and other compatible devices, NDI® High Bandwidth mode will simplify the operation of NDI®centric systems. Existing baseband inputs and outputs will remain available for seamless use in hybrid baseband- and IP-based video production and distribution environments, as before.

    Pre-update (current) I/O

    Video input

    3G-SDI

    4 / 3

    HDMI

    1 / 2

    NDI® High Bandwidth

    2 (α ch. Support)

    SRT

    2

    NDI® HX1/NDI® HX2

    Video output

    3G-SDI

    2

    HDMI

    1

    NDI® High Bandwidth

    2

    SRT

    RTMP

    UVC

    1

    Post-update I/O

    Modes

    Normal

    NDI® High Bandwidth

    Video input

    3G-SDI

    4 / 3

    4/ 3

    HDMI

    1 / 2

    1 / 2

    NDI® High Bandwidth

    2 (α ch. Support)

    4 (α ch. Support)

    SRT

    2

    –

    NDI® HX1/NDI® HX2

    Video output

    3G-SDI

    2

    2

    HDMI

    1

    1

    NDI® High Bandwidth

    2

    1

    SRT

    –

    RTMP/RTMPS

    UVC

    1

    1

    *1: Firmware for each mode must be selected and rewritten using a USB memory device. Switching from Normal to NDI HB mode will require a firmware rewrite and device reboot each time.

    2. Improved Operational Convenience with Function Updates

    Audio Input Selection Mode: Any audio can be assigned to video input. In addition, audio multiplex input can be toggled on/off when KEY is activated.
    Enhanced Video Compatibility: Supports 1080i with NDI® High Bandwidth, USB output for 1080i system format (conversion to 1080p for UVC output), and RTMPS.
    Improved Compatibility with Panasonic PTZ Cameras: Enables tally linking with Panasonic AW-UE30W/K PTZ camera and AW-UE150AW/K PTZ camera, and yellow tally with certain other Panasonic PTZ cameras.

    ●AV-UHS500 Firmware Upgrade

    The upcoming firmware upgrade for the AV-UHS500 will enhance the functionality and convenience, both within systems and when integrating the camera with other Panasonic products.

    1. Compatibility with Panasonic Media Production Suite Software

    In the Media Production Suite, Device View will display devices in a list and allow IP address to be configured.

    2. Other Updates

    The AV-UHS500 will newly offer additional Audio Input selections and enhanced compatibility with Panasonic PTZ cameras.

    To complement the company’s comprehensive video production ecosystem, including cameras and software, Panasonic continuously upgrades its AV-HSW10 compact live switcher and AV-UHS500 live switcher in response to user feedback, including for increased hardware stability and software expandability, striving to offer diverse content creators and other users enhanced video production capability.
    For more details on these products:AV-HSW10: https://pro-av.panasonic.net/en/products/av-hsw10/AV-UHS500: https://pro-av.panasonic.net/en/products/av-uhs500/
    Firmware download site:https://eww.pass.panasonic.co.jp/p2ui/guest/TopLogin.do?lang=en&category=pav
    Note: Firmware specifications, etc. subject to change without notice
    Broadcast and Professional Video Systems Global Webpagehttps://pro-av.panasonic.net/en/

    Media Contact:

    For more information about this topic, please contactpro-av.ad@gg.jp.panasonic.com

    About Panasonic Entertainment & Communication Co., Ltd.
    Panasonic Entertainment & Communication Co., Ltd. established in April 2022 as part of the Panasonic Group’s switch to an operating company system, is strengthening the bonds among people and enriching our customers’ lives by providing consumer electronics, including AVC products such as OLED TVs, Lumix digital cameras, headphones, phones, intercoms, and more, as well as business products and solutions including for broadcast, professional AV, and sound systems globally. Our mission is to offer people new emotion and relaxation through our entertainment and communication solutions. To fulfill this mission, we strive to act with professionalism to continuously recreate the future by connecting people. For more details, please visit https://www.panasonic.com/global/peac.

    MIL OSI Economics –

    January 29, 2025

  • MIL-OSI Economics: Money Market Operations as on January 28, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 5,60,557.39 6.55 5.10-6.90
         I. Call Money 14,705.14 6.55 5.10-6.65
         II. Triparty Repo 3,91,434.90 6.53 6.40-6.65
         III. Market Repo 1,52,590.05 6.58 5.75-6.80
         IV. Repo in Corporate Bond 1,827.30 6.73 6.65-6.90
    B. Term Segment      
         I. Notice Money** 156.10 6.28 6.00-6.60
         II. Term Money@@ 282.00 – 6.65-7.50
         III. Triparty Repo 844.00 6.65 6.60-6.70
         IV. Market Repo 873.72 5.94 5.75-6.65
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Tue, 28/01/2025 1 Wed, 29/01/2025 1,39,281.00 6.51
         (b) Reverse Repo          
    3. MSF# Tue, 28/01/2025 1 Wed, 29/01/2025 1,779.00 6.75
    4. SDFΔ# Tue, 28/01/2025 1 Wed, 29/01/2025 61,541.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       79,519.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 24/01/2025 14 Fri, 07/02/2025 1,62,096.00 6.51
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,556.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,71,652.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,51,171.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on January 28, 2025 9,07,883.94  
         (ii) Average daily cash reserve requirement for the fortnight ending February 07, 2025 9,12,544.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 28, 2025 1,39,281.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on January 10, 2025 -40,102.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2026

    MIL OSI Economics –

    January 29, 2025
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